Financials
- Fiscal year
- 2024
- Total assets
- €1.1m
- Loss
- -€55,960
- Solvency
- -7.3%
Total assets▲ 30.1%
Net result
20212024
IFLOW CO
ActiveSummary
IFLOW CO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€82,049) and a net result of -€55,960. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 1118 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121
1 site
Size
€1.1mtotal assets 2024
- Equity
- -€82,049
- Loss
- -€55,960
Structure
Accounts 64 d overdue0 of 1 deed read
Why 52Capped at 59: negative equity- Figures for FY 2024 (filed 10-07-2025)- Liquidity: current ratio 0.02, cash €8,416+ Size: total assets €1.1m+ Sector Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence
Checked score
Score 2024
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 7% of its sector peers (NACE 71, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency
18-4
equity -7.3% of total assets
Liquidity
14-13
short-term debt 68.3% · cash 0.7%
Profitability
13-6
return on assets -5.0%
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.5%
12-2024: 0.5%● 0.0% vs 11-2024
01-2025: 0.5%▼ -2.7% vs 12-2024
02-2025: 0.5%▼ -11.2% vs 01-2025
03-2025: 0.5%▲ +0.4% vs 02-2025
04-2025: 0.5%▲ +1.3% vs 03-2025
05-2025: 0.5%▲ +11.7% vs 04-2025
06-2025: 0.6%▲ +9.9% vs 05-2025
07-2025: 0.6%▲ +4.8% vs 06-2025
08-2025: 0.3%▼ -43.4% vs 07-2025lowest value
09-2025: 0.3%● 0.0% vs 08-2025lowest value
10-2025: 0.3%● 0.0% vs 09-2025lowest value
11-2025: 0.3%▲ +3.9% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%● 0.0% vs 12-2025
02-2026: 0.4%▲ +1.7% vs 01-2026
03-2026: 0.4%▲ +0.6% vs 02-2026
04-2026: 0.4%▲ +3.4% vs 03-2026
05-2026: 0.4%▲ +14.4% vs 04-2026
06-2026: 0.5%▲ +8.8% vs 05-2026
07-2026: 0.5%▲ +8.1% vs 06-2026
08-2026: 0.8%▲ +56.6% vs 07-2026
09-2026: 0.9%▲ +17.8% vs 08-2026
10-2026: 1.5%▲ +59.3% vs 09-2026highest value
- Figures for FY 2024 (filed 10-07-2025) raises the probability
- Size: total assets €1.1m lowers the probability for this profile
- Sector Architectural and engineering activities; technical testing and analysis (NACE 71) lowers the probability
- Liquidity: current ratio 0.02, cash €8,416 raises the probability
No credit on open account
Liquidity short (current ratio 0.02 against 0.22 in 2023; short-term debt: 68.3% and cash: 0.7% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, micro). Better than this share of them on solvency 8%, liquidity 6%, profitability 12%, growth against the median 1%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€82,049
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
27 d late
2022
28 d late
2021
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · full…
- Weakest financial yearnet -€55,960
- Annual accounts filedfiscal year 2023 · full…
Key points
- Risk: Negative equityfiscal year 2024: debts exceed assets -€82,049 View
- Risk: 3 loss-making years in a rowloss fiscal year 2024 -€55,960 View
- Caution: Equity fell in 2024from -€26,089 to -€82,049 ▼ 214% View
- Caution: Among the weakest 5% on equitysector median €316,743 · 1,118 companies -€82,049 View
- Caution: Accounts not fileddeadline was 31-07-2026 64 d late View
By topic
Timeline
- Events
- 5
- Since
- 2022
- 08-07-2025Annual accounts filed
- 31-12-2024Weakest financial year
- 27-08-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Cooperative company
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Founded
- 02-06-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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