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The Flow Group - Sanindus

Active
Private limited companyfounded 1995active for 31 yearsIjzerenweglei 2H, 2640 Mortsel, BelgiumKBO/BCE: BE 0455.290.977
Summary

The Flow Group - Sanindus has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €724,872 and a net result of €4,069. Equity has been growing by about 9.4% per year since 2018. Its solvency ranks better than 33% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Official details

Source: KBO
Status
Active since 01-06-1995 Normal situation
Activity
Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 2 others
Joint committees
111 Paritair Comité voor de metaal-, machine- en elektrische bouw
209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 2025
Establishment unit
2.143.114.832 2640 Mortsel, since 01-04-2004
Financial year end
31 December
Peppol
Reachable since 23-10-2024

Board and ownership

Board
Shareholders

Financial position

68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Annual accounts 2025
Gross margin
€844,976
▲ 14.8%
Turnover
≈ €2.2m
estimated
Profit
€4,069
▼ 85.2%
Equity
€724,872
▲ 0.6%
Total assets
€2.4m
▼ 17.2%
Employees on 31-12-2025
8
▼ 20.0%
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 3.33, cash €6,866, halvedProfit of €4,069 (financial year 2025)lowers riskFounded in 1995Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 28% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 56+6
equity 30.6% of total assets
Liquidity 40+2
short-term debt 27.0% · cash 0.3%
Profitability 30-17
return on assets 0.2%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.7%▲ +0.5 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.9%▲ +0.2 percentage points vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 1.0%▲ +0.1 percentage points vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.0%● unchanged vs 06-2026highest value 08-2026: 0.6%▼ -0.4 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026 11-2026: 0.6%● unchanged vs 10-2026
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.33 (2.3 in 2024), above the usual 1.5. Short-term debt is 27% and cash 0.3% of total assets. However, 69.4% of the assets are financed with debt and provisions.
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 43, micro). It does better than 32% of them on solvency, 29% on liquidity, 16% on profitability and 37% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1995
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Liquidity: current ratio 3.33, cash €6,866, halved
NBB · annual accounts
raises risk · Profit of €4,069 (financial year 2025)
NBB · annual accounts
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 filings
Deviation from the deadline
2025
1 day early
2024
26 days late
2023
29 days early
2022
53 days early
2021
31 days late
2020
5 days early
2019
7 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 5 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 30 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 3rd largest company by total assets in Mortsel, Construction sectorin the Checked rankings No. 3 View
  • Positive: 8 profitable years in a rowprofit 2025: €4,069 8 years View

Recent changes

  1. · Gazette deed Company renamed from SANINDUS to The Flow Group – Sanindus
  2. · Gazette deed Resignation: Carly & Co BV (director)Permanent representatives: Vincent Clarysse and Yasmine Carly · Appointment: Jan De Vleeschauwer (director)
  3. · Gazette deed Resignations: Carly & Co (manager) and CARLY Yasmine Jeannine (manager)Reappointments: Carly & Co (director) and CARLY Yasmine Jeannine (director) · Permanent representative: Clarysse Vincent
All 17 events

Comparable companies

These companies have the same main activity as The Flow Group - Sanindus: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €1.7m and €2.3m, founded between 1993 and 2003.

CompanyTotal assetsGross margin
The Flow Group - Sanindus Mortsel€2.4m€0.8m
ALGEMENE ONDERNEMING DEROLIC Aalter€2.3m€0.8m
IVAN MARTIN Oupeye€2.3m€0.9m
VENTICO Ranst€2.1m€1.1m
CLAES KOELTECHNIEK Dessel€1.9m€0.8m
CENTRALE VERWARMING STOKMANS Wuustwezel€1.7m€1.0m
KLIMATECHNICS Turnhout€1.9m€1.1m
Full comparison

Key facts about The Flow Group - Sanindus

What is the company number of The Flow Group - Sanindus?
The company number of The Flow Group - Sanindus is 0455.290.977. The VAT number is the same number with BE in front: BE 0455.290.977.
Where is The Flow Group - Sanindus based?
The registered office is at Ijzerenweglei 2H, 2640 Mortsel.Company details
What does The Flow Group - Sanindus do?
According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
What is the legal form of The Flow Group - Sanindus?
The legal form of The Flow Group - Sanindus is Private limited company (BV).
When was The Flow Group - Sanindus founded?
The Flow Group - Sanindus was founded on 01-06-1995.
Is The Flow Group - Sanindus still active?
Yes, The Flow Group - Sanindus is an active enterprise in the KBO register.
How many employees does The Flow Group - Sanindus have?
The Flow Group - Sanindus had an average of 9.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does The Flow Group - Sanindus fall under?
In its 2025 annual accounts, The Flow Group - Sanindus states joint committees 111 (Paritair Comité voor de metaal-, machine- en elektrische bouw) and 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid).
What is the turnover of The Flow Group - Sanindus?
The turnover in financial year 2025 is ≈ €2.2m. This figure is estimated from the gross margin of €844,976 and 45 comparable companies (NACE 432). It probably lies between €1.8m and €2.8m.
Is The Flow Group - Sanindus profitable?
In financial year 2025, The Flow Group - Sanindus made a profit of €4,069.
Where can I find the annual accounts of The Flow Group - Sanindus?
The Flow Group - Sanindus filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of The Flow Group - Sanindus due?
The Flow Group - Sanindus must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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