COMFLOW
ActiveSummary
COMFLOW has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €387k and a net result of €16k. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 220 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-12
Solvency76=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.56 against 3.17 in 2023; short-term debt: 19.5% and cash: 19.4% of total assets), and 48.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 14
Relative position
BE, all sectors
reference
Manufacture of wearing apparel (NACE 14)
about 12% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
68 d late
2022
3 d early
2021
26 d late
2020
27 d late
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€387k▼ 4.1%
2023 · €403k
2018: €19klowest in 7 years
2019: €53k▲ +174% vs 2018
2020: €143k▲ +169% vs 2019
2021: €285k▲ +98.7% vs 2020
2022: €343k▲ +20.3% vs 2021
2023: €403k▲ +17.6% vs 2022highest in 7 years
2024: €387k▼ -4.1% vs 2023
2018 → 2024
Total assets
€757k▼ 3.7%
2023 · €786k
2018: €43klowest in 7 years
2019: €86k▲ +98.1% vs 2018
2020: €256k▲ +198% vs 2019
2021: €668k▲ +160% vs 2020
2022: €649k▼ -2.8% vs 2021
2023: €786k▲ +21.1% vs 2022highest in 7 years
2024: €757k▼ -3.7% vs 2023
2018 → 2024
Net result
€16k▼ 77.6%
2023 · €72k
2018: €15klowest in 7 years
2019: €33k▲ +122% vs 2018
2020: €90k▲ +173% vs 2019
2021: €142k▲ +56.9% vs 2020highest in 7 years
2022: €58k▼ -59.1% vs 2021
2023: €72k▲ +23.9% vs 2022
2024: €16k▼ -77.6% vs 2023
2018 → 2024
Working capital
€229k▼ 11.1%
2023 · €258k
2018: €11klowest in 7 years
2019: €37k▲ +248% vs 2018
2020: €96k▲ +162% vs 2019
2021: €170k▲ +78.1% vs 2020
2022: €225k▲ +32.1% vs 2021
2023: €258k▲ +14.7% vs 2022highest in 7 years
2024: €229k▼ -11.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€143k-€285k▲ 98.7%€343k▲ 20.3%€403k▲ 17.6%€387k▼ 4.1%
2020: €143klowest in 5 years
2021: €285k▲ +98.7% vs 2020
2022: €343k▲ +20.3% vs 2021
2023: €403k▲ +17.6% vs 2022highest in 5 years
2024: €387k▼ -4.1% vs 2023
Operating result€125k-€187k▲ 48.7%€95k▼ 48.9%€120k▲ 26.1%€40k▼ 66.9%
2020: €125k
2021: €187k▲ +48.7% vs 2020highest in 5 years
2022: €95k▼ -48.9% vs 2021
2023: €120k▲ +26.1% vs 2022
2024: €40k▼ -66.9% vs 2023lowest in 5 years
Net result€90k-€142k▲ 56.9%€58k▼ 59.1%€72k▲ 23.9%€16k▼ 77.6%
2020: €90k
2021: €142k▲ +56.9% vs 2020highest in 5 years
2022: €58k▼ -59.1% vs 2021
2023: €72k▲ +23.9% vs 2022
2024: €16k▼ -77.6% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 67% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €757k
Fixed assets
€380k ▼ 7.1%
Current assets
€377k ▼ 0.1%
Equity and liabilities €757k
Equity
€387k ▼ 4.1%
Debt
€370k ▼ 3.4%
Debt's share of the balance-sheet total rises from 48.7% to 48.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€79k▼
2023 · €157k
Cash flow
€56k▼
2023 · €108k
Current ratio
2.56▼
2023 · 3.17
Debt to equity
0.96▲
2023 · 0.95
ROE
4.2%▼
2023 · 17.8%
ROA
2.1%▼
2023 · 9.1%
Interest coverage
5.61▼
2023 · 12.92
Debt ≤ 1 year
€147k▲
2023 · €119k
Debt > 1 year
€223k▼
2023 · €264k
Income taxes
€10k▼
2023 · €36k
Staff costs
€-30▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€786k€757k▼
Fixed assets21/28€409k€380k▼
Tangible fixed assets22/27€409k€380k▼
Land and buildings22€271k€261k▼
Plant, machinery and equipment23€100k€83k▼
Furniture and vehicles24€39k€36k▼
Financial fixed assets28€30€30=
Current assets29/58€377k€377k▼
Amounts receivable within one year40/41€131k€223k▲
Trade receivables40€55k€85k▲
Other amounts receivable41€76k€137k▲
Cash at bank and in hand54/58€243k€147k▼
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€786k€757k▼
Equity10/15€403k€387k▼
Contributions10/11€6k€6k=
Reserves13€395k€379k▼
Distributable reserves133€395k€379k▼
Profit (loss) carried forward14€2k€2k▲
Amounts payable17/49€383k€370k▼
Amounts payable after more than one year17€264k€223k▼
Financial debts170/4€264k€223k▼
Amounts payable within one year42/48€119k€147k▲
Current portion of amounts payable after more than one year42€17k€30k▲
Trade debts44€37k€24k▼
Suppliers440/4€37k€24k▼
Advances received on contracts in progress46-€24k
Taxes, remuneration and social security45€53k€37k▼
Taxes450/3€49k€37k▼
Remuneration and social security454/9€4k-
Other amounts payable47/48€11k€33k▲
Income statement
Code20232024
Remuneration, social security and pensions62€12k€-30▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€40k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€2k€5k▲
Gross operating margin9900€172k€86k▼
Operating profit (loss)9901€120k€40k▼
Financial income75/76B€68€102▲
Recurring financial income75€68€102▲
Financial charges65/66B€12k€14k▲
Recurring financial charges65€12k€14k▲
Profit (loss) for the period before taxes9903€108k€26k▼
Income taxes67/77€36k€10k▼
Profit (loss) for the period9904€72k€16k▼
Profit (loss) for the period to be appropriated9905€72k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€18k▼
Profit (loss) brought forward from the previous period14P€2k€2k▲
Transfer from equity791/2€11k€33k▲
Transfer to equity691/2€72k€16k▼
To other reserves6921€72k€16k▼
Profit to be distributed694/7€11k€33k▲
Return on contributions (dividend)694€11k€33k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11 | - | - | - |
| Remuneration, social security and pensions62 | - | €6k | €37k | €12k | €-30 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €25k | €27k | €37k | €40k | ▲ 8.6% |
| Other operating charges640/8 | - | €4k | €1k | €2k | €2k | ▲ 16.2% |
| Non-recurring operating charges66A | - | €2k | €2k | €2k | €5k | ▲ 206% |
| Gross operating margin9900 | €136k | €224k | €162k | €172k | €86k | ▼ 49.7% |
| Operating profit (loss)9901 | €125k | €187k | €95k | €120k | €40k | ▼ 66.9% |
| Financial income75/76B | - | €1 | €5 | €68 | €102 | ▲ 48.8% |
| Recurring financial income75 | €10 | €1 | €5 | €68 | €102 | ▲ 48.8% |
| Financial charges65/66B | - | €3k | €12k | €12k | €14k | ▲ 16.7% |
| Recurring financial charges65 | €2k | €3k | €12k | €12k | €14k | ▲ 16.7% |
| Profit (loss) for the period before taxes9903 | €123k | €183k | €83k | €108k | €26k | ▼ 76.3% |
| Income taxes67/77 | €33k | €42k | €25k | €36k | €10k | ▼ 73.7% |
| Profit (loss) for the period9904 | €90k | €142k | €58k | €72k | €16k | ▼ 77.6% |
| Profit (loss) for the period to be appropriated9905 | €90k | €142k | €58k | €72k | €16k | ▼ 77.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €256k | €668k | €649k | €786k | €757k | ▼ 3.7% |
| Fixed assets21/28 | €49k | €341k | €351k | €409k | €380k | ▼ 7.1% |
| Tangible fixed assets22/27 | €49k | €341k | €351k | €409k | €380k | ▼ 7.1% |
| Land and buildings22 | - | €280k | €280k | €271k | €261k | ▼ 3.5% |
| Plant, machinery and equipment23 | - | €24k | €22k | €100k | €83k | ▼ 16.8% |
| Furniture and vehicles24 | - | €38k | €49k | €39k | €36k | ▼ 7.4% |
| Financial fixed assets28 | €30 | €30 | €30 | €30 | €30 | = |
| Current assets29/58 | €208k | €326k | €298k | €377k | €377k | ▼ 0.1% |
| Amounts receivable within one year40/41 | €85k | €159k | €144k | €131k | €223k | ▲ 70.3% |
| Trade receivables40 | - | €78k | €85k | €55k | €85k | ▲ 55.9% |
| Other amounts receivable41 | - | €81k | €59k | €76k | €137k | ▲ 80.8% |
| Cash at bank and in hand54/58 | €122k | €166k | €147k | €243k | €147k | ▼ 39.5% |
| Deferred charges and accrued income490/1 | - | €879 | €7k | €3k | €7k | ▲ 103% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €256k | €668k | €649k | €786k | €757k | ▼ 3.7% |
| Equity10/15 | €143k | €285k | €343k | €403k | €387k | ▼ 4.1% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €136k | €277k | €335k | €395k | €379k | ▼ 4.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €275k | €333k | €395k | €379k | ▼ 4.2% |
| Profit (loss) carried forward14 | €2k | €2k | €2k | €2k | €2k | ▲ 5.4% |
| Amounts payable17/49 | €113k | €383k | €306k | €383k | €370k | ▼ 3.4% |
| Amounts payable after more than one year17 | - | €227k | €233k | €264k | €223k | ▼ 15.7% |
| Financial debts170/4 | - | €227k | €233k | €264k | €223k | ▼ 15.7% |
| Amounts payable within one year42/48 | €112k | €156k | €73k | €119k | €147k | ▲ 24.0% |
| Current portion of amounts payable after more than one year42 | - | €68k | €17k | €17k | €30k | ▲ 73.0% |
| Financial debts43 | - | €4k | - | - | - | - |
| Credit institutions430/8 | - | €4k | - | - | - | - |
| Trade debts44 | €36k | €14k | €20k | €37k | €24k | ▼ 35.7% |
| Suppliers440/4 | - | €14k | €20k | €37k | €24k | ▼ 35.7% |
| Advances received on contracts in progress46 | - | €8k | €5k | - | €24k | - |
| Taxes, remuneration and social security45 | - | €62k | €31k | €53k | €37k | ▼ 30.4% |
| Taxes450/3 | - | €56k | €17k | €49k | €37k | ▼ 24.1% |
| Remuneration and social security454/9 | - | €6k | €14k | €4k | - | - |
| Other amounts payable47/48 | - | €88 | - | €11k | €33k | ▲ 189% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90k | €142k | €58k | €72k | €16k | ▼ 77.6% |
| + Depreciation and write-downs630 | €10k | €25k | €27k | €37k | €40k | ▲ 8.6% |
| Operating cash flow (approximation) | €100k | €167k | €85k | €108k | €56k | ▼ 48.5% |
| Investment in fixed assets (approximation) | - | €-318k | €-36k | €-95k | €-11k | ▲ 88.9% |
| Change in cash | - | €44k | €-19k | €95k | €-96k | ▼ 201% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €142k ▲56.9%
Operating result €187k, net result €142k, both a record.
31-12
Financial
Equity above €200kEq €285k ▲98.7%
4 profitable years in a row build equity to €285k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €100kEq €143k ▲169%
3 profitable years in a row build equity to €143k.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Wetteren · 2 establishment units since 2017
Ground area
1,479 m²
Building footprint
359 m²
Volume, LiDAR
1,781 m³
3 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Comflow
since 20172.266.060.748
Comflow
since 20212.323.302.626
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302C0244/00V000 | Flanders | 954 m² | 1 · 95 m² | 7.9 m · 2 fl. |
| 44412B0904/00B002 | Flanders | 306 m² | 1 · 97 m² | 6.4 m · 2 fl. |
| 42302D0897/00V005 | Flanders | 219 m² | 1 · 167 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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
PALIO
BE 0438.544.423
Kortrijk · Eq €413k
LUXEUR
BE 0534.790.395
Sint-Genesius-Rode · Eq €418k
DE GEEST SPORT
BE 0434.947.703
Laarne · Eq €292k
Costes België
BE 0718.850.073
Antwerpen · Eq €284k
Corneel
BE 0428.644.978
Wingene · Eq €283k
Of 541 companies in sector 14299 we hold annual accounts for 105. 58 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
Founded13-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
14299Manufacture of wearing apparel
18130Pre-press and pre-media services
47120Other non-specialised retail sale
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
59201Sound recording
59202Motion picture, video and television programme production, sound recording and music publishing activities
59203Motion picture, video and television programme production, sound recording and music publishing activities
59209Motion picture, video and television programme production, sound recording and music publishing activities
62100Computer programming
62200Computer consultancy and computer facilities management
63910Web portal activities
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
73110Advertising agencies
73120Media representation
73200Market research and public opinion polling
73300Public relations and communication consultancy
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
74120Graphic design and visual communication
74201Photography, excluding press photography
77222Rental and leasing activities
77229Renting and leasing of other personal and household goods
77330Rental and leasing activities
82100Office administrative and support services
82990Other business support services
90201Performing arts by independent artists
90202Performing arts by artistic ensembles
90393Specialised image, lighting and sound technical services
90311Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
93299Other amusement and recreation activities
Contact
Website
WWW.COMFLOW.BE
E-mail
hello@comflow.beWetteren
Scores and ratios are computed by Checked and are not a credit decision.