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ONFLOW BUILDING

Active
Private limited companyfounded 20197 yrs activeTerlostraat 7, 1755 Pajottegem, BelgiumKBO/BCE: BE 0726.931.064
Summary

The computed 12-month bankruptcy probability of ONFLOW BUILDING is 2.9% (moderate). For ONFLOW BUILDING, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €37,132 and a net result of €19,573. Equity is growing by ~40.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 5386 sector peers (fiscal year 2023). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100=
Solvency79▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023
Solvency, return and age of the figures
Solvency
53.8%
Return on assets
28.4%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filings
Position against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
24 d late
2020
123 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 69 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 20 May 2019, ONFLOW BUILDING was incorporated as a Private limited company.1 Total assets went from EUR 17,054 in 2020 to EUR 69,021 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2023

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Financials · fiscal year 2023, micro schema

Equity
€37,132▲ 34.7%
2022 · €27,559
Total assets
€69,021▲ 47.4%
2022 · €46,817
Net result
€19,573▼ 18.4%
2022 · €23,978
Working capital
€37,132▲ 34.7%
2022 · €27,559
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202020222023
Operating result€2,207-€28,226-€22,428▼ 20.5%
Net result€1,588within the sector's middle half-€23,978within the sector's middle half-€19,573within the sector's middle half▼ 18.4%
Equity€3,588below the sector's middle half-€27,559within the sector's middle half-€37,132within the sector's middle half▲ 34.7%
Total assets€17,054below the sector's middle half-€46,817below the sector's middle half-€69,021within the sector's middle half▲ 47.4%
Debt€13,465-€19,258-€31,888▲ 65.6%
Working capital-€1,124within the sector's middle half-€27,559within the sector's middle half-€37,132within the sector's middle half▲ 34.7%
Solvency21.0%within the sector's middle half-58.9%within the sector's middle half-53.8%within the sector's middle half▼ 5.1pp
Current ratio0.85below the sector's middle half-2.43within the sector's middle half-2.16within the sector's middle half▼ 0.27
Return on assets (ROA)9.3%within the sector's middle half-51.2%above the sector's middle half-28.4%above the sector's middle half▼ 22.9pp
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2020: €2,207€2,207Net result 2020: €1,588€1,588Operating result 2022: €28,226€28,226Net result 2022: €23,978€23,978Operating result 2023: €22,428€22,428Net result 2023: €19,573€19,573202020222023€0€10,000€20,000€30,000Operating result 2020: €2,207€2,210Net result 2020: €1,588€1,590Operating result 2022: €28,226€28,200Net result 2022: €23,978€24,000Operating result 2023: €22,428€22,400Net result 2023: €19,573€19,600202020222023
The operating result falls in 2023; 2023 is 21% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €69,021
Equity €37,132 ▲ 34.7%
Debt €31,888 ▲ 65.6%
Debt's share of the balance-sheet total rises from 41.1% to 46.2%. Equity and debt are higher.
Key figures and ratios
2023 value · change against 2022
Debt to equity
0.86▲
2022 · 0.70
ROE
52.7%▼
2022 · 87.0%
Debt ≤ 1 year
€31,888▲
2022 · €19,258
Income taxes
€2,684▼
2022 · €3,998
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 34 lines
Balance sheet Code20222023
Assets
Total assets20/58€46,817€69,021▲
Current assets29/58€46,817€69,021▲
Amounts receivable within one year40/41€46,583€68,767▲
Trade receivables40€337-
Other amounts receivable41€46,246€68,767▲
Cash at bank and in hand54/58€235€254▲
Equity and liabilities
Total equity and liabilities10/49€46,817€69,021▲
Equity10/15€27,559€37,132▲
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€25,559€35,132▲
Amounts payable17/49€19,258€31,888▲
Amounts payable within one year42/48€19,258€31,888▲
Current portion of amounts payable after more than one year42€1,210-
Trade debts44€2,524€14,367▲
Suppliers440/4€2,524€14,367▲
Taxes, remuneration and social security45€5,524€7,521▲
Taxes450/3€5,524€7,521▲
Other amounts payable47/48€10,000€10,000=
Income statement Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€171-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4,285€63▼
Other operating charges640/8€2,115-
Non-recurring operating charges66A€692-
Gross operating margin9900€35,489€22,491▼
Operating profit (loss)9901€28,226€22,428▼
Financial charges65/66B€251€171▼
Recurring financial charges65€251€171▼
Profit (loss) for the period before taxes9903€27,975€22,257▼
Income taxes67/77€3,998€2,684▼
Profit (loss) for the period9904€23,978€19,573▼
Profit (loss) for the period to be appropriated9905€23,978€19,573▼
Appropriation of the result
Profit (loss) to be appropriated9906€35,559€45,132▲
Profit (loss) brought forward from the previous period14P€11,581€25,559▲
Profit to be distributed694/7€10,000€10,000=
Directors or managers695€10,000€10,000=

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202020222023Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,701€171--
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4,285€63▼ 98.5%
Other operating charges640/8-€2,115--
Non-recurring operating charges66A-€692--
Gross operating margin9900€6,760€35,489€22,491▼ 36.6%
Operating profit (loss)9901€2,207€28,226€22,428▼ 20.5%
Financial charges65/66B-€251€171▼ 32.0%
Recurring financial charges65€619€251€171▼ 32.0%
Profit (loss) for the period before taxes9903€1,588€27,975€22,257▼ 20.4%
Income taxes67/77-€3,998€2,684▼ 32.9%
Profit (loss) for the period9904€1,588€23,978€19,573▼ 18.4%
Profit (loss) for the period to be appropriated9905€1,588€23,978€19,573▼ 18.4%
Line202020222023Change
Assets
Total assets20/58€17,054€46,817€69,021▲ 47.4%
Fixed assets21/28€10,842---
Tangible fixed assets22/27€10,842---
Current assets29/58€6,212€46,817€69,021▲ 47.4%
Amounts receivable within one year40/41€6,085€46,583€68,767▲ 47.6%
Trade receivables40-€337--
Other amounts receivable41-€46,246€68,767▲ 48.7%
Cash at bank and in hand54/58€33€235€254▲ 7.9%
Equity and liabilities
Total equity and liabilities10/49€17,054€46,817€69,021▲ 47.4%
Equity10/15€3,588€27,559€37,132▲ 34.7%
Contributions10/11-€2,000€2,000=
Profit (loss) carried forward14€1,588€25,559€35,132▲ 37.5%
Amounts payable17/49€13,465€19,258€31,888▲ 65.6%
Amounts payable after more than one year17€6,130---
Amounts payable within one year42/48€7,335€19,258€31,888▲ 65.6%
Current portion of amounts payable after more than one year42-€1,210--
Trade debts44€2,454€2,524€14,367▲ 469%
Suppliers440/4-€2,524€14,367▲ 469%
Taxes, remuneration and social security45-€5,524€7,521▲ 36.1%
Taxes450/3-€5,524€7,521▲ 36.1%
Other amounts payable47/48-€10,000€10,000=
Line202020222023Change
Profit (loss) for the period9904€1,588€23,978€19,573▼ 18.4%
+ Depreciation and write-downs630€2,701€171--
Operating cash flow (approximation)€4,289€24,148€19,573▼ 18.9%
Change in cash--€19-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
24-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial Highest result since 2020net €23,978 ▲1,410%
Operating result €28,226, net result €23,978, both a record.
31-12
Financial Liquidity triplescurrent ratio 2.43
Current ratio from 0.85 to 2.43.
2021
01-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 123 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Pajottegem · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
1,010 m²
Building footprint
276 m²
Volume, LiDAR
1,743 m³
2 parcels, Flanders · tallest building 14.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ONFLOW BUILDING
H. Moeremanslaan 113, 1700 DilbeekManufacture of metal structures and parts of structures
since 20192.289.383.112
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23016D0216/00B008 Flanders 584 m² 1 · 177 m² 14.2 m · 1 fl.
23024C0098/00Y000 Flanders 426 m² 1 · 99 m² 8.5 m · 1 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 7,368 companies in sector 81210 we hold annual accounts for 2,742. 2,228 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
Founded20-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
41001General construction of residential buildings
43331Floor and wall tiling
43910Bricklaying and masonry work
81220Other building cleaning and industrial cleaning
E-invoicing
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