The Flow
ActiveThe Flow has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8k and a net result of €44k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 18% of 9095 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency6▼-2
Growth58=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.81 in 2024), and 98.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
1.3%
Return on assets
7.2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9095 sector peers (2025).
NBB · sector comparisonPosition among 9095 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-04-2026, 120 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
120 d early
2024
34 d early
2023
14 d early
2022
27 d early
2021
33 d early
2020
22 d early
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€8k▼ 3.9%
2024 · €8k
2018: €10k
2019: €16k
2020: €37k
2021: €54k
2022: €75k
2023: €8k
2024: €8k
2018 → 2025
Total assets
€615k▼ 17.2%
2024 · €743k
2018: €1.34M
2019: €1.22M
2020: €1.15M
2021: €1.06M
2022: €978k
2023: €917k
2024: €743k
2018 → 2025
Net result
€44k▲ 21.7%
2024 · €36k
2018: €1k
2019: €6k
2020: €21k
2021: €17k
2022: €21k
2023: €30k
2024: €36k
2018 → 2025
Working capital
€-35k▼ 23.8%
2024 · €-28k
2018: €-34k
2019: €-21k
2020: €4k
2021: €24k
2022: €45k
2023: €-24k
2024: €-28k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€75k▲ 38.9%€8k▼ 89.3%€8k▲ 4.1%€8k▼ 3.9%
Operating result€44k-€48k▲ 8.1%€58k▲ 21.2%€59k▲ 1.8%€70k▲ 19.6%
Net result€17k-€21k▲ 25.3%€30k▲ 40.5%€36k▲ 22.8%€44k▲ 21.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 20% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €615k
Fixed assets
€521k▼ 16.6%
Current assets
€95k▼ 20.7%
Equity and liabilities €615k
Equity
€8k▼ 3.9%
Debt
€607k▼ 17.4%
The debt ratio falls from 98.9% to 98.7%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€174k▲
2024 · €162k
Cash flow
€147k▲
2024 · €140k
Solvency
1.3%▲
2024 · 1.1%
Current ratio
0.73▼
2024 · 0.81
Quick ratio
0.73▼
2024 · 0.81
Debt / equity
75.34▼
2024 · 87.59
ROE
548.5%▲
2024 · 433.0%
ROA
7.2%▲
2024 · 4.9%
Interest coverage
13.42▲
2024 · 10.63
Debt
€607k▼
2024 · €735k
Debt ≤ 1 year
€130k▼
2024 · €148k
Debt > 1 year
€468k▼
2024 · €577k
Income taxes
€15k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€743k€615k▼
Fixed assets21/28€624k€521k▼
Tangible fixed assets22/27€619k€516k▼
Land and buildings22€619k€516k▼
Financial fixed assets28€4k€4k=
Current assets29/58€120k€95k▼
Amounts receivable within one year40/41€604€329▼
Other amounts receivable41€604€329▼
Current investments50/53€100k€75k▼
Cash at bank and in hand54/58€19k€19k▲
Equity and liabilities
Total equity and liabilities10/49€743k€615k▼
Equity10/15€8k€8k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€330-
Amounts payable17/49€735k€607k▼
Amounts payable after more than one year17€577k€468k▼
Financial debts170/4€542k€432k▼
Other amounts payable178/9€36k€36k=
Amounts payable within one year42/48€148k€130k▼
Current portion of amounts payable after more than one year42€107k€110k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Other amounts payable47/48€36k€15k▼
Accrued charges and deferred income492/3€10k€10k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€103k=
Other operating charges640/8€16k€16k▲
Gross operating margin9900€178k€190k▲
Operating profit (loss)9901€59k€70k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€15k€13k▼
Recurring financial charges65€15k€13k▼
Profit (loss) for the period before taxes9903€49k€59k▲
Income taxes67/77€12k€15k▲
Profit (loss) for the period9904€36k€44k▲
Profit (loss) for the period to be appropriated9905€36k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€45k▲
Profit (loss) brought forward from the previous period14P-€330
Profit to be distributed694/7€36k€45k▲
Return on contributions (dividend)694€36k€45k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €44k ▲21.7%
Operating result €70k, net result €44k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
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.
Directors · office · real estate
Directors
1 act for this company is 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, Meise · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Neromstraat 911861 MeiseGround area
1,256 m²
Building footprint
189 m²
Volume, LiDAR
962 m³
Parcel 23093A0181/00F000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
The Flow
since 20152.247.787.532
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093A0181/00F000 | Flanders | 1,256 m² | 1 · 189 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,700 companies in sector 68310 we hold annual accounts for 6,875. 2,623 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-08-2015
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68110Buying and selling of own real estate
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.