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FLOWSTARTERS

Active Private limited companyfounded 2008active for 18 yearsMolenbaan 9, 2290 VorselaarKBO/BCE: BE 0899.313.130
FLOWSTARTERS
Financial year 2025
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Annual accounts 2025

micro format, filed on 08-06-2026, 53 days before the deadline
Turnover
€155,574
▲ 11.9%
Operating result
€60,279
▲ 35.6%
EBITDA
€61,037
▲ 34.5%
Cash flow
€46,556
▲ 32.2%
Solvency
40.1%
▼ 34.4 percentage points
Current ratio
1.69
▼ 2.45

Money flows

of every €100 of turnover, €29.44 remains as profit in 2025

Balance sheet

balance sheet total €262,396 on 31-12-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency40.1%

Higher than 37% of 39,312 companies in 2025.

Current ratio1.69

Higher than 43% of 37,997 companies in 2025.

Return on assets17.5%

Higher than 55% of 38,469 companies in 2025.

FLOWSTARTERS Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
Balance sheet: assets
Total assets20/58 262,396260,642267,636252,514259,078261,682247,218221,874195,926208,985126,87096,58963,21466,47155,86166,0409,700
Fixed assets21/28 4,0684,8275,7586,7706,3516,0117,7938,5919,80214,90312,43913,83113,5357,1453,590--
Tangible fixed assets22/27 4,0684,8275,7586,7706,3516,0117,7938,5919,72714,90312,43913,83113,5357,1453,590--
Land and buildings22 2,5873,1123,6364,1614,7085,4746,2407,0077,7738,5579,42710,4009,0833,2313,590--
Plant, machinery and equipment23 ------221442-962168141,0201,699---
Furniture and vehicles24 1,4811,7152,1212,6091,6435361,3321,1421,9556,2502,7962,6173,4322,215---
Financial fixed assets28 --------75--------
Current assets29/58 258,328255,816261,879245,744252,727255,672239,425213,283186,124194,081114,43182,75849,67959,32652,27166,0409,700
Amounts receivable after more than one year29 50,41188,62188,75888,75888,82688,89488,95588,791---------
Trade receivables290 ---88,758-------------
Other amounts receivable291 50,41188,62188,758-88,82688,89488,95588,791---------
Amounts receivable within one year40/41 19,62217,17014,3969,8242,09319,72732,32914,35634,43130,32420,34229,39413,2777,3319,46023,3274,846
Trade receivables40 17,13516,21011,6379,70775618,81621,47710,90614,96015,30717,39825,65110,3095,6408,70819,9824,235
Other amounts receivable41 2,4879602,7591171,33691110,8533,45019,47215,0172,9443,7432,9681,6917523,345611
Current investments50/53 124,080121,708135,750100,88488,64476,28463,84651,53139,24231,17325,0729,004-----
Cash at bank and in hand54/58 62,79324,34421,48544,78271,72269,61053,13257,663111,086130,07068,42742,95235,94651,61042,43042,1864,381
Deferred charges and accrued income490/1 1,4213,9731,4901,4971,4431,1581,1639421,3642,5155901,408456385381527473
Balance sheet: equity and liabilities
Total equity and liabilities10/49 262,396260,642267,636252,514259,078261,682247,218221,874195,926208,985126,87096,58963,21466,47155,86166,0409,700
Equity10/15 105,254194,265199,838234,164191,387200,715215,241196,967176,078145,52695,48456,81135,22944,9719,0258,3006,245
Contributions10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
Issued capital100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Uncalled capital101 ------12,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
Reserves13 99,002188,013193,586227,912185,135194,463208,989190,715139,326139,32689,28450,6111,8601,8601,8601,86045
Non-distributable reserves130/1 ---1,8601,8601,860-----------
Legal reserve130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,86045
Reserves not available under the articles1311 ---1,8601,8601,860-----------
Distributable reserves133 99,002188,013193,586226,052183,275192,603207,129188,855137,466137,46687,42448,751-----
Profit (loss) carried forward14 525252525252525230,552---27,16936,911965240-
Amounts payable17/49 157,14266,37767,79818,35067,69260,96731,97724,90719,84863,45931,38639,77827,98521,50046,83657,7403,455
Amounts payable within one year42/48 152,76361,74164,38816,12566,15759,14229,84523,58218,03162,13430,03738,34026,64519,73745,55756,6402,505
Financial debts43 ------45----------
Credit institutions430/8 ------45----------
Trade debts44 2,0642,0043,759317565266563083081,8696392151,1161,5374,228-999
Suppliers440/4 2,0642,0043,759317565266563083081,8696392151,1161,5374,228-999
Taxes, remuneration and social security45 15,89212,8509,24015,80815,54917,7338,16223,27417,72360,26529,39833,12513,52918,20031,84928,5901,506
Taxes450/3 15,89212,8509,24015,80815,54917,7336,83023,27417,72360,26529,39830,60513,52918,20031,84928,5901,506
Remuneration and social security454/9 ------1,332----2,520-----
Other amounts payable47/48 134,80846,88751,389-50,04241,14321,582----5,00012,000-9,48028,050-
Accrued charges and deferred income492/3 4,3794,6373,4102,2251,5351,8252,1331,3251,8171,3251,3491,4381,3401,7631,2791,100950
Income statement
Turnover70 155,574139,066121,295146,532140,399154,431145,881148,510121,875148,825142,976132,93784,430122,16199,515113,56040,656
Gross operating margin9900 61,15745,48924,52359,02357,21271,67656,25472,78748,44183,51169,59151,29413,98755,68224,84855,336964
Goods, raw materials, services and sundry goods60/61 94,41793,57696,77287,50983,18782,75589,62792,44889,51581,12689,58497,93187,16072,29478,51461,40443,857
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 7599311,0121,0101,3181,7831,9972,0955,1765,3082,3352,7212,3072,126399--
Other operating charges640/8 1201185435988888841,0949358558448434934861,1702,015679754
Operating profit (loss)9901 60,27944,44122,96757,41555,00669,01053,16469,75842,41177,35866,41348,08011,19452,38622,43454,657210
Financial income75/76B 3,7243,9972,0501,9122,0752,1212,5601,8971,6621,007512173786314769-
Recurring financial income75 3,7243,9972,0501,9122,0752,1212,5601,8971,6621,007512173786314769-
Financial charges65/66B 5125788194571201225398184199295284726981102165
Recurring financial charges65 5125788194571201225398184199295284726981102165
Profit (loss) for the period before taxes9903 63,49147,86024,19858,87056,96171,00955,67171,55643,88978,16666,63047,96911,20052,38022,50054,62445
Income taxes67/77 17,69413,5787,13516,09216,24719,69315,81620,16713,33628,12427,95719,7204,94216,4349,77519,569-
Profit (loss) for the period9904 45,79734,28217,06342,77840,71451,31639,85651,38930,55250,04238,67328,2496,25835,94612,72535,05545
Profit (loss) for the period to be appropriated9905 45,79734,28217,06342,77840,71451,31639,85651,38930,55250,04238,67328,2496,25835,94612,72535,05545
Appropriation of the result
Profit (loss) to be appropriated9906 45,84934,33417,11542,83040,76651,36839,90881,94130,55250,04238,67355,41843,16936,91112,96535,05545
Profit (loss) brought forward from the previous period14P 5252525252------------
Transfer from equity791/2 134,80839,85651,389-50,04265,84221,582----------
Transfer to equity691/2 45,79734,28217,06342,77840,71451,31639,85651,389-50,04238,67348,751---1,81545
To the legal reserve6920 ---------------1,81545
To other reserves6921 45,79734,28217,06342,77840,71451,31639,85651,389-50,04238,67348,751-----
Profit to be distributed694/7 134,80839,85651,389-50,04265,84221,58230,500---6,66716,000-12,00033,000-
Return on contributions (dividend)694 134,80839,85651,389-50,04265,84221,58230,500---6,66716,000-12,00033,000-
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 08-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 08-06-2026 2026-00155056 PDF
31-12-2024 micro format 26-05-2025 2025-00110245 PDF
31-12-2023 micro format 31-05-2024 2024-00103090 PDF
31-12-2022 micro format 18-05-2023 2023-00090893 PDF
31-12-2021 micro format 31-05-2022 2022-20040387 PDF
31-12-2020 micro format 11-05-2021 2021-14100434 PDF
31-12-2019 micro format 13-05-2020 2020-12100497 PDF
31-12-2018 micro format 29-05-2019 2019-15300082 PDF
31-12-2017 micro format 18-05-2018 2018-13300286 PDF
31-12-2016 micro format 07-06-2017 2017-16100138 PDF
31-12-2015 abbreviated format 03-06-2016 2016-15500277 PDF
31-12-2014 abbreviated format 28-05-2015 2015-13900441 PDF
31-12-2013 abbreviated format 12-05-2014 2014-12200410 PDF
31-12-2012 abbreviated format 21-05-2013 2013-12700049 PDF
31-12-2011 abbreviated format 30-05-2012 2012-13700554 PDF
31-12-2010 abbreviated format 13-05-2011 2011-11500518 PDF
31-12-2009 abbreviated format 28-05-2010 2010-13400494 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
EBITDA 61,03745,37123,98058,42556,32470,79355,16071,85347,58782,66668,74850,80113,50154,51222,833--
Cash flow 46,55635,21318,07543,78742,03253,09941,85253,48435,72855,35041,00830,9708,56538,07213,124--
Investment in fixed assets (approximation) 0002,3421,65901,199959757,7739433,0178,6975,6813,989--
Change in cash 38,4502,859-23,297-26,9402,11216,478-4,531-53,423-18,98461,64325,4757,006-15,6649,18024437,805-
Working capital 105,565194,075197,491229,620186,571196,529209,581189,701168,093131,94884,39444,41823,03439,5896,7149,4007,195
EBIT margin 38.7%32.0%18.9%39.2%39.2%44.7%36.4%47.0%34.8%52.0%46.5%36.2%13.3%42.9%22.5%48.1%0.5%
Solvency 40.1%74.5%74.7%92.7%73.9%76.7%87.1%88.8%89.9%69.6%75.3%58.8%55.7%67.7%16.2%12.6%64.4%
Current ratio 1.694.144.0715.243.824.328.029.0410.323.123.812.161.863.011.151.173.87
Debt to equity 1.490.340.340.080.350.300.150.130.110.440.330.700.790.485.196.960.55
ROE 43.5%17.6%8.5%18.3%21.3%25.6%18.5%26.1%17.4%34.4%40.5%49.7%17.8%79.9%141.0%422.3%0.7%
ROA 17.5%13.2%6.4%16.9%15.7%19.6%16.1%23.2%15.6%23.9%30.5%29.2%9.9%54.1%22.8%53.1%0.5%
Interest coverage over 10078.5429.26over 100over 100------------
Customer credit 40 days43 days35 days24 days2 days44 days54 days27 days45 days38 days44 days70 days45 days17 days32 days64 days38 days
Supplier credit 8 days8 days14 days1 day2 days1 day0 days1 day1 day8 days3 days1 day5 days8 days20 days-8 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets---€2,342€1,659
Depreciation and write-downs of the year€759€931€1,012€1,010€1,318

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on FLOWSTARTERS

The operating result for 2025 is 36% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 25.5% to 59.9%. Equity is lower and debt is higher.

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