Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of FLOW TECH INDUSTRIES is 0.2% (very low). The 2024 annual accounts show equity of €171k and a net result of €156k. Equity is shrinking by ~21.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 25% of 7336 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.2%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 11 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 25-08-2025 | 25 d late | 2025-00398734 |
| 31-12-2023 | 31-07-2024 | 29-08-2024 | 29 d late | 2024-00411973 |
| 31-12-2022 | 31-07-2023 | 01-09-2023 | 32 d late | 2023-00407680 |
| 31-12-2021 | 31-07-2022 | 27-08-2022 | 27 d late | 2022-20329445 |
| 31-12-2020 | 31-07-2021 | 22-07-2021 | 9 d early | 2021-38900098 |
| 31-12-2019 | 31-07-2020 | 30-09-2020 | 61 d late | 2020-58000516 |
| 31-12-2018 | 31-07-2019 | 24-07-2019 | 7 d early | 2019-37500513 |
| 31-12-2017 | 31-07-2018 | 27-07-2018 | 4 d early | 2018-40400197 |
| 31-12-2016 | 31-07-2017 | 30-08-2017 | 30 d late | 2017-58900579 |
| 31-12-2015 | 31-07-2016 | 27-06-2016 | 34 d early | 2016-23500080 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsEstablished
Founded in 2014, 12 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€156k-6.2%
Working capital€169k-87.1%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 25-08-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2025, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 37.7% | 65.0% | |
| Net result | €156k | €32k | |
| Equity | €171k | €58k | |
| Gross operating margin | €-1.10M | €52k | |
| Staff costs | €46k | €17k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P25
Weakening position over 2020-2024
· n=627-7336
P95
Improving position over 2020-2024
· n=624-7333
P88
Weakening position over 2020-2024
· n=628-7338
P5
Stable position over 2020-2024
· n=623-7327
Describes the position versus peers, not a forecast.
€153k
-2.9%
18-24
€156k
-6.2%
18-24
€156k
-6.2%
18-24
€454k
-66.3%
18-24
€171k
+1044.4%
18-24
€169k
-87.1%
18-24
1
+11.1%
18-24
€46k
+167.7%
18-24
€283k
+827.4%
18-24
€283k
+827.4%
18-24
1.60
-96.4%
18-24
1.60
-96.4%
18-24
37.7%
+3297.6%
18-24
1.65
-19.0%
18-24
91.3%
-91.8%
18-24
34.4%
+178.5%
18-24
434.55
+8.5%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €153k |
| Net profit | €156k |
| Cash flow | €156k |
| Staff costs | €46k |
| Income taxes | - |
| Dividends | - |
| Total assets | €454k |
| Equity | €171k |
| Debt | €283k |
| of which ≤ 1y | €283k |
| of which > 1y | - |
| Working capital | €169k |
| Employees (FTE) | 1.0 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.60 |
| Quick ratio | 1.60 |
| Working capital ratio | 37.3% |
| Solvency | 37.7% |
| Debt / equity | 1.65 |
| Long-term debt ratio | - |
| Interest coverage | 434.55 |
| Gross margin | - |
| Net margin | - |
| ROA | 34.4% |
| ROE | 91.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €454k |
| Fixed assets | 21/28 | €2k |
| Tangible fixed assets | 22/27 | €190 |
| Financial fixed assets | 28 | €1k |
| Current assets | 29/58 | €452k |
| Amounts receivable within one year | 40/41 | €73k |
| Cash & bank | 54/58 | €278k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €454k |
| Equity | 10/15 | €171k |
| Contributions / capital | 10/11 | €21k |
| Reserves | 13 | €150k |
| Amounts payable | 17/49 | €283k |
| Amounts payable within one year | 42/48 | €283k |
| Trade debts payable within one year | 44 | €282k |
| Income statement | ||
| Gross operating margin | 9900 | €-1.10M |
| Operating result | 9901 | €153k |
| Financial income | 75 | €4k |
| Financial charges | 65 | €353 |
| Result before taxes | 9903 | €156k |
| Net result for the period | 9904 | €156k |
| Result to be appropriated | 9905 | €156k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2024 · computed86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
1 directorPermanent representatives (2)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
-
ARCH-E-TECT.NETLegal entityPermanent representative· perm. rep.: GAILLIAERT, StevenState Gazette act 23479889 (28-12-2023)Permanent representative28-12-2023 → present
-
RF DESIGN BELGIUMLegal entityPermanent representative· perm. rep.: DE BONTRIDDER, LievenState Gazette act 23479889 (28-12-2023)Permanent representative28-12-2023 → present
Former directors (1)
-
Steven GaillaertDirectorState Gazette act 22147608 (14-12-2022)Former- → 14-12-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten(62200) |
| Legal form | Private limited company(610) |
| Incorporation | 24-03-2014 |
| Status | Active |
| Postal code | 8000 |
Structure & network
Locations & real estate
Establishment units
1 locationFlow Tech Industries
since 20142.228.958.743
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area779 m²
Buildings1
Building footprint722 m²
Volume (LiDAR)8,998 m³
Tallest building20.9 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31806F0473/00D000 ProtectedMonument · Townscape or village viewSpiegelrei, Gouden-Handrei en Sint-Annarei met omgevingSource ↗ |
Flanders | 779 m² | 1 · 722 m² | 20.9 m · 5 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
3 acts Address history · 1
31-01-2023
Registered-office move
All acts · 3
updated 2 years ago
2023
28-12-2023 2 directors appointed
- DE BONTRIDDER, Lieven, Vaste vertegenwoordiger
- GAILLIAERT, Steven, Vaste vertegenwoordiger
Notary:
Francis Moeykes · BruggeFirm:
MOEYKENS & VANQUATHEM
31-01-2023 Registered office moved within Brugge
- Jan Van Eyckplein 2 8000 Brugge → Verbrand Nieuwland 27, 8000 Brugge
2022
14-12-2022 Steven Gaillaert resigns as director
- Steven Gaillaert, Bestuurder
Analysis
Snowflake analysis
financial profile on 5 axes83
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
100
Solvency
72
Growth
58
Stability
100
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110
Primary activity highlighted.
Names & trade names
| Legal nameNL | FLOW TECH INDUSTRIES |
Registered office
Jan van Eyckplein 2
8000 Brugge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.