Nflow
ActiveSummary
Nflow has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114k and a net result of €17k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-11
Solvency95▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.48 against 3.17 in 2024; short-term debt: 28% and cash: 67.4% of total assets), and 30% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70%
Return on assets
10.2%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
46 d early
2023
1 d early
2022
on the day
2021
on the day
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€114k▼ 3.2%
2024 · €118k
Total assets
€163k▲ 6.6%
2024 · €153k
Net result
€17k▼ 44.0%
2024 · €30k
Working capital
€68k▼ 11.5%
2024 · €76k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10k▼ 69.9%€44k▲ 357%€42k▼ 3.5%€43k▲ 0.8%€26k▼ 40.4%
Net result€4k▼ 81.5%€30k▲ 692%€29k▼ 1.3%€30k▲ 0.8%€17k▼ 44.0%
Equity€87k▲ 4.5%€59k▼ 32.4%€88k▲ 50.3%€118k▲ 33.7%€114k▼ 3.2%
Total assets€116k▼ 20.2%€109k▼ 6.3%€110k▲ 0.9%€153k▲ 38.8%€163k▲ 6.6%
Debt€30k▼ 52.7%€51k▲ 69.1%€22k▼ 56.3%€35k▲ 58.8%€49k▲ 39.3%
Working capital€35k▼ 3.3%€4k▼ 87.1%€42k▲ 837%€76k▲ 81.7%€68k▼ 11.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €163k
Fixed assets
€50k ▲ 19.9%
Current assets
€113k ▲ 1.6%
Equity and liabilities €163k
Equity
€114k ▼ 3.2%
Debt
€49k ▲ 39.3%
Debt's share of the balance-sheet total rises from 23.0% to 30.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€39k▼
2024 · €57k
Cash flow
€30k▼
2024 · €44k
Current ratio
2.48▼
2024 · 3.17
Quick ratio
2.45▼
2024 · 3.15
Debt to equity
0.43▲
2024 · 0.30
ROE
14.6%▼
2024 · 25.2%
ROA
10.2%▼
2024 · 19.4%
Interest coverage
44.20▼
2024 · 62.75
Debt ≤ 1 year
€46k▲
2024 · €35k
Debt > 1 year
€3k
Income taxes
€8k▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €28k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €15k | €15k | €14k | €14k | ▼ 2.7% |
| Other operating charges640/8 | - | €11k | €17k | €16k | €2k | ▼ 89.0% |
| Non-recurring operating charges66A | - | - | €756 | - | - | - |
| Gross operating margin9900 | €50k | €69k | €76k | €73k | €41k | ▼ 43.7% |
| Operating profit (loss)9901 | €10k | €44k | €42k | €43k | €26k | ▼ 40.4% |
| Financial income75/76B | - | €288 | €32 | - | €1 | - |
| Recurring financial income75 | €117 | €288 | €32 | - | €1 | - |
| Financial charges65/66B | - | €888 | €734 | €909 | €891 | ▼ 2.0% |
| Recurring financial charges65 | €1k | €888 | €734 | €909 | €891 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €8k | €43k | €42k | €42k | €25k | ▼ 41.2% |
| Income taxes67/77 | €5k | €14k | €12k | €12k | €8k | ▼ 34.4% |
| Profit (loss) for the period9904 | €4k | €30k | €29k | €30k | €17k | ▼ 44.0% |
| Profit (loss) for the period to be appropriated9905 | €4k | €30k | €29k | €30k | €17k | ▼ 44.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116k | €109k | €110k | €153k | €163k | ▲ 6.6% |
| Fixed assets21/28 | €57k | €55k | €46k | €41k | €50k | ▲ 19.9% |
| Tangible fixed assets22/27 | €54k | €54k | €45k | €40k | €48k | ▲ 20.6% |
| Land and buildings22 | - | €19k | €17k | €19k | €15k | ▼ 16.5% |
| Plant, machinery and equipment23 | - | €19k | €15k | €9k | €15k | ▲ 57.9% |
| Furniture and vehicles24 | - | €6k | €4k | €2k | €10k | ▲ 335% |
| Other tangible fixed assets26 | - | €10k | €8k | €10k | €8k | ▼ 16.7% |
| Financial fixed assets28 | €2k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €60k | €54k | €64k | €111k | €113k | ▲ 1.6% |
| Stocks and contracts in progress3 | €2k | €2k | €1k | €874 | €1k | ▲ 43.0% |
| Stocks30/36 | - | €2k | €1k | €874 | €1k | ▲ 43.0% |
| Amounts receivable within one year40/41 | €17k | €17k | €327 | €1k | €269 | ▼ 77.4% |
| Trade receivables40 | - | €16k | €196 | €723 | €176 | ▼ 75.7% |
| Other amounts receivable41 | - | €842 | €131 | €467 | €93 | ▼ 80.1% |
| Cash at bank and in hand54/58 | €35k | €33k | €61k | €107k | €110k | ▲ 2.3% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €2k | €2k | ▼ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116k | €109k | €110k | €153k | €163k | ▲ 6.6% |
| Equity10/15 | €87k | €59k | €88k | €118k | €114k | ▼ 3.2% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €82k | €54k | €83k | €113k | €109k | ▼ 3.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €52k | €81k | €111k | €107k | ▼ 3.4% |
| Profit (loss) carried forward14 | €-8k | €-8k | €-8k | €-8k | €-8k | = |
| Amounts payable17/49 | €30k | €51k | €22k | €35k | €49k | ▲ 39.3% |
| Amounts payable after more than one year17 | €5k | €1k | - | - | €3k | - |
| Financial debts170/4 | - | €1k | - | - | €3k | - |
| Amounts payable within one year42/48 | €25k | €49k | €22k | €35k | €46k | ▲ 30.0% |
| Current portion of amounts payable after more than one year42 | - | €3k | €1k | - | €5k | - |
| Financial debts43 | - | - | €11k | €13k | - | - |
| Credit institutions430/8 | - | - | €11k | €13k | - | - |
| Trade debts44 | €5k | €4k | €5k | €4k | €6k | ▲ 38.0% |
| Suppliers440/4 | - | €4k | €5k | €4k | €6k | ▲ 38.0% |
| Taxes, remuneration and social security45 | - | €16k | €4k | €9k | €15k | ▲ 63.4% |
| Taxes450/3 | - | €16k | €2k | €9k | €12k | ▲ 38.5% |
| Remuneration and social security454/9 | - | - | €2k | - | €2k | - |
| Other amounts payable47/48 | - | €26k | €119 | €10k | €21k | ▲ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €30k | €29k | €30k | €17k | ▼ 44.0% |
| + Depreciation and write-downs630 | €26k | €15k | €15k | €14k | €14k | ▼ 2.7% |
| Operating cash flow (approximation) | €30k | €45k | €45k | €44k | €30k | ▼ 30.6% |
| Investment in fixed assets (approximation) | - | €-14k | €-6k | €-10k | €-22k | ▼ 131% |
| Change in cash | - | €-2k | €28k | €46k | €2k | ▼ 94.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €100kEq €118k ▲33.7%
6 profitable years in a row build equity to €118k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity triplescurrent ratio 2.90
Current ratio from 1.09 to 2.90; short-term debt falls from €49k to €22k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €30k ▲692%
Operating result €44k, net result €30k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €4k ▼81.5%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Laarne · 1 establishment unit since 2013
Ground area
685 m²
Building footprint
89 m²
Volume, LiDAR
681 m³
Parcel 42009D1242/00H000, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Nflow
since 20132.218.725.936
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42009D1242/00H000 | Flanders | 685 m² | 1 · 89 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLaarne2.218.725.936
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 6,944 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-04-2013
Fiscal year end30-06
Activities, NACEBEL 2025
62100Computer programming
63910Web portal activities
Scores and ratios are computed by Checked and are not a credit decision.