THE FLOW
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 06-03-2024, 35 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 · 9 filingsDeviation from the deadline
2023
35 d late
2022
54 d early
2021
54 d early
2020
60 d early
2019
59 d early
2018
56 d early
2017
62 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 44 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,493
2022 · €5,641
Working capital
€78,050▼ 0.5%
2022 · €78,420
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
Line20192020202120222023
Operating result€16,619▼ 3.4%€11,804▼ 29.0%€6,647▼ 43.7%€10,104▲ 52.0%€513▼ 94.9%
Net result€8,053▼ 22.9%€7,109▼ 11.7%€3,199▼ 55.0%€5,641▲ 76.3%-€1,493
Equity€66,010▲ 13.9%€73,119▲ 10.8%€76,318▲ 4.4%€81,959▲ 7.4%€80,465▼ 1.8%
Total assets€127,669▲ 4.1%€177,159▲ 38.8%€99,064▼ 44.1%€102,202▲ 3.2%€97,712▼ 4.4%
Debt€61,660▼ 4.7%€104,040▲ 68.7%€22,746▼ 78.1%€20,243▼ 11.0%€17,247▼ 14.8%
Working capital€65,408▲ 13.5%€71,530▲ 9.4%€71,579▲ 0.1%€78,420▲ 9.6%€78,050▼ 0.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 95% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €97,712
Fixed assets
€2,416 ▼ 31.7%
Current assets
€95,297 ▼ 3.4%
Equity and liabilities €97,712
Equity
€80,465 ▼ 1.8%
Debt
€17,247 ▼ 14.8%
Debt's share of the balance-sheet total falls from 19.8% to 17.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,637▼
2022 · €11,792
Cash flow
-€370▼
2022 · €7,328
Current ratio
5.53▲
2022 · 4.87
Debt to equity
0.21▼
2022 · 0.25
ROE
-1.9%▼
2022 · 6.9%
ROA
-1.5%▼
2022 · 5.5%
Interest coverage
3.22▼
2022 · 14.12
Debt ≤ 1 year
€17,247▼
2022 · €20,243
Income taxes
€1,498▼
2022 · €4,678
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148 | €416 | €1,281 | €1,687 | €1,123 | ▼ 33.4% |
| Other operating charges640/8 | - | - | €1,647 | €1,784 | €895 | ▼ 49.8% |
| Gross operating margin9900 | €18,685 | €13,448 | €9,575 | €13,576 | €2,532 | ▼ 81.4% |
| Operating profit (loss)9901 | €16,619 | €11,804 | €6,647 | €10,104 | €513 | ▼ 94.9% |
| Financial income75/76B | - | - | €1,310 | €1,049 | €0 | ▼ 100.0% |
| Recurring financial income75 | €31 | €1,318 | €1,310 | €1,049 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | €731 | €835 | €509 | ▼ 39.0% |
| Recurring financial charges65 | €1,741 | €1,115 | €731 | €835 | €509 | ▼ 39.0% |
| Profit (loss) for the period before taxes9903 | €14,909 | €12,006 | €7,226 | €10,319 | €4 | ▼ 100.0% |
| Income taxes67/77 | €6,856 | €4,897 | €4,027 | €4,678 | €1,498 | ▼ 68.0% |
| Profit (loss) for the period9904 | €8,053 | €7,109 | €3,199 | €5,641 | -€1,493 | ▼ 126% |
| Profit (loss) for the period to be appropriated9905 | €8,053 | €7,109 | €3,199 | €5,641 | -€1,493 | ▼ 126% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127,669 | €177,159 | €99,064 | €102,202 | €97,712 | ▼ 4.4% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €601 | €1,589 | €4,739 | €3,539 | €2,416 | ▼ 31.7% |
| Tangible fixed assets22/27 | €295 | €1,283 | €4,433 | €3,233 | €2,110 | ▼ 34.7% |
| Plant, machinery and equipment23 | - | - | - | €0 | €0 | - |
| Furniture and vehicles24 | - | - | €4,433 | €3,233 | €2,110 | ▼ 34.7% |
| Financial fixed assets28 | €306 | €306 | €306 | €306 | €306 | = |
| Current assets29/58 | €127,068 | €175,570 | €94,325 | €98,663 | €95,297 | ▼ 3.4% |
| Amounts receivable after more than one year29 | - | - | €80,000 | €80,000 | €80,000 | = |
| Other amounts receivable291 | - | - | €80,000 | €80,000 | €80,000 | = |
| Stocks and contracts in progress3 | €1,288 | €2,572 | - | - | - | - |
| Amounts receivable within one year40/41 | €112,310 | €15,799 | €8,696 | €18,660 | €15,293 | ▼ 18.0% |
| Trade receivables40 | - | - | €429 | €11,565 | €990 | ▼ 91.4% |
| Other amounts receivable41 | - | - | €8,267 | €7,094 | €14,304 | ▲ 102% |
| Cash at bank and in hand54/58 | €10,459 | €57,199 | €5,630 | €3 | €3 | ▲ 0.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127,669 | €177,159 | €99,064 | €102,202 | €97,712 | ▼ 4.4% |
| Equity10/15 | €66,010 | €73,119 | €76,318 | €81,959 | €80,465 | ▼ 1.8% |
| Contributions10/11 | €37,184 | - | €37,184 | €37,184 | €37,184 | = |
| Reserves13 | €28,826 | €35,935 | €39,134 | €44,775 | €43,281 | ▼ 3.3% |
| Non-distributable reserves130/1 | - | - | €3,718 | €3,718 | €3,718 | = |
| Reserves not available under the articles1311 | - | - | €3,718 | €3,718 | €3,718 | = |
| Distributable reserves133 | - | - | €35,416 | €41,056 | €39,563 | ▼ 3.6% |
| Profit (loss) carried forward14 | €1,615 | €1,615 | - | - | - | - |
| Amounts payable17/49 | €61,660 | €104,040 | €22,746 | €20,243 | €17,247 | ▼ 14.8% |
| Amounts payable within one year42/48 | €61,660 | €104,040 | €22,746 | €20,243 | €17,247 | ▼ 14.8% |
| Financial debts43 | - | - | - | €53 | €4,031 | ▲ 7,536% |
| Credit institutions430/8 | - | - | - | €53 | €4,031 | ▲ 7,536% |
| Trade debts44 | €48,384 | €82,310 | €5,167 | €8,622 | €5,510 | ▼ 36.1% |
| Suppliers440/4 | - | - | €5,167 | €8,622 | €5,510 | ▼ 36.1% |
| Taxes, remuneration and social security45 | - | - | €11,059 | €11,569 | €7,706 | ▼ 33.4% |
| Taxes450/3 | - | - | €11,059 | €11,569 | €7,706 | ▼ 33.4% |
| Other amounts payable47/48 | - | - | €6,520 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,053 | €7,109 | €3,199 | €5,641 | -€1,493 | ▼ 126% |
| + Depreciation and write-downs630 | €148 | €416 | €1,281 | €1,687 | €1,123 | ▼ 33.4% |
| Operating cash flow (approximation) | €8,200 | €7,526 | €4,480 | €7,328 | -€370 | ▼ 105% |
| Investment in fixed assets (approximation) | - | -€1,404 | -€4,430 | -€488 | €0 | ▲ 100% |
| Change in cash | - | €46,740 | -€51,569 | -€5,626 | €0 | ▲ 100% |
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
2024
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 35 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 35 days late
2023
30-06
Financial
Weakest financial yearnet -€1,493
Net result drops to -€1,493, the lowest in the series.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity doublescurrent ratio 4.15
Current ratio from 1.69 to 4.15; short-term debt falls from €104,040 to €22,746.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Structure & network
Owners and holdings
1 ownerChain of control
- The Flow
- THE FLOW
Highest known parent: The Flow. The sources do not say who stands above it.
Owners 1
- The FlowparentSourceown accounts 30-06-2023100%
Holdings 0
The accounts to 30-06-2023 list no holdings, and no other source names one.
According to the annual accounts to 30-06-2023 of THE FLOW and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.