Equity
€180,279 from €1.4m in 2023
Equity fell by 87% in 2 years.
The Flow Group - Eco Solutions
Lifetime
18 annual accounts with figures on one time axis, 19 filings since 2007Gross marginpeak €967,906 (2024)
€643,914▼ 33.5%
Resultlowest -€12,479 (2010)
-€11,831▼ €206,316
Equitypeak €1.4m (2023)
€180,279▼ 6.2%
Debts
€1.1m▼ 6.6%
Staffpeak 9.4 FTE (2025)
9.4 FTE▲ 6.8%
Board2 names since 2023
-
Owners
100%THE FLOW GROUP
Documentsfilings and deeds
30-07-20261 days before the deadline
2025abbreviated format
Gross margin from €967,906 to €643,914Loss of €11,831Company renamed from Eco Solutions to The Flow Group - Eco So… 14-04Cash from €79,367 to €17,208
Key points
from the 2025 annual accountsResult
-€11,831 -€11,831
From profit to loss in 2025, after a profit of €194,485 in 2024.
Turnover
≈ €1.5m estimated
The abbreviated format states no turnover.
Debts
€1.1m 86% of the balance sheet
Financial debts 10%Suppliers 58%Taxes and wages 7%Other 25%
Of this, €998,547 falls due within a year.
Filings
19 annual accounts since 2007
Three of the last ten came late. The 2020 accounts came latest: 30 days after the end of the period.
Position in the sector
14.4%
Lower solvency than 85% of companies in sewerage. Sector median 42.3% · 44 companies.
Checked score
64
Healthy
Financially stronger than 17% of micro companies in sewerage (NACE 37)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 113 companies (NACE 37, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 1.0%▲ +0.6 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 1.0%▼ -0.7 percentage points vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €180,279 (14.4% of total assets)
Size: 9.4 FTE, total assets €1.3m
Liquidity: current ratio 1.17, cash €17,208, halved
Loss of €11,831 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 37, micro). It does better than 20% of them on solvency, 7% on liquidity, 17% on profitability and 25% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,166 companies had the same profile as The Flow Group - Eco Solutions has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
3.0%
stopped another way
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of The Flow Group - Eco Solutions itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,166 companies, not a prediction for The Flow Group - Eco Solutions. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.17 (1.23 in 2024), below the usual 1.5. Short-term debt is 79.7% and cash 1.4% of total assets. 85.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 44 sector peers (2025).
NBB · sector comparisonPosition among 44 sector peers
Solvency
better than 15%
← 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
26 days late
2023
61 days early
2022
12 days early
2021
31 days early
2020
30 days late
2019
33 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 37), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- THE FLOW GROUP 100%equity €4.8m (2025) · 2025 annual accounts of THE FLOW GROUP
Recent changes
Company renamed from Eco Solutions to The Flow Group - Eco Solutions
The Flow Group holds all the shares · General meeting of 09-04-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0885844976
Company renamed from MERTENS ECO SOLUTIONS to Eco Solutions
Registered office moved from Holsbeek to Aarschot · New registered office: Nijverheidslaan 12G, 3200 Aarschot · Previous registered office: Kortrijksebaan 85A, 3220 Holsbeek · Board meeting of 22-08-2024 · Gazette deed
New sole director
Jan De Vleeschauwer appointed, Mario Mertens resigned · Director discharge: Mario Mertens · General meeting of 02-02-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| The Flow Group - Eco Solutions Aarschot | €1.3m | €0.6m | 14.4% | 9.4 |
| EGOUT MAINTENANCE SERVICES Anderlecht | €1.1m | €0.7m | 60.0% | 8.7 |
| DEKEYSER MILIEU Bruges | €1.3m | €0.8m | 51.1% | 7.2 |
| DEMUYNCK ET FILS Mouscron | €0.7m | €0.6m | 46.9% | 10 |
| BYL OLIVIER Thuin | €2.0m | €0.9m | 15.5% | 15.5 |
| DE SERANNO CLEANING Evergem | €1.9m | €1.2m | 30.1% | 9.5 |
| VIDANGE BRUTOUT Braine-le-Château | €0.8m | €0.5m | 71.7% | 4.8 |
These companies have the same main activity as The Flow Group - Eco Solutions: sewerage (NACE 37000). They are comparable in size and age: total assets between €699,000 and €2m, founded between 1998 and 2006.
Official details
Source: KBO- Status
- Active since 14-12-2006Normal situation
- Activity
- SewerageNACE 37000
- Joint committee
- 149.04Metal trade · annual accounts 2025
- Establishment unit
- 2.158.411.4353220 Holsbeek, since 14-12-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 23-10-2024
Annual accounts 2025
- Total assets
- €1.3m▼ 6.6%
- Employeeson 31-12-2025
- 9▼ 10.0%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on The Flow Group - Eco Solutions
The Flow Group - Eco Solutions files the abbreviated format. That format states no turnover. The gross margin rose from €123,982 in 2008 to €643,914 in 2025.
THE FLOW GROUP holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about The Flow Group - Eco Solutions
- What is the company number of The Flow Group - Eco Solutions?
- The company number of The Flow Group - Eco Solutions is 0885.844.976. The VAT number is the same number with BE in front: BE 0885.844.976.
- Where is The Flow Group - Eco Solutions based?
- The registered office is at Nijverheidslaan 12G, 3200 Aarschot.Company details
- What does The Flow Group - Eco Solutions do?
- According to the KBO register, the main activity is sewerage (NACE 37000).
- What is the legal form of The Flow Group - Eco Solutions?
- The Flow Group - Eco Solutions is a private limited company (BV).
- When was The Flow Group - Eco Solutions founded?
- The Flow Group - Eco Solutions was founded on 14-12-2006.
- Is The Flow Group - Eco Solutions still active?
- Yes, The Flow Group - Eco Solutions is an active enterprise in the KBO register.
- How many employees does The Flow Group - Eco Solutions have?
- The Flow Group - Eco Solutions had an average of 9.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does The Flow Group - Eco Solutions fall under?
- In its 2025 annual accounts, The Flow Group - Eco Solutions states joint committee 149.04 (Metal trade).
- What is the turnover of The Flow Group - Eco Solutions?
- The turnover in financial year 2025 is ≈ €1.5m. This figure is estimated from the gross margin of €643,914 and 2,281 comparable companies of the same size. It probably lies between €910,000 and €2.6m. It is a rough estimate.
- Is The Flow Group - Eco Solutions profitable?
- In financial year 2025, The Flow Group - Eco Solutions made a loss of €11,831.
- Where can I find the annual accounts of The Flow Group - Eco Solutions?
- The Flow Group - Eco Solutions filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of The Flow Group - Eco Solutions due?
- The Flow Group - Eco Solutions must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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