FLOWSTARTERS
ActiveFLOWSTARTERS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105k and a net result of €46k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 37% of 31584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+4
Solvency65▼-35
Growth34▲+2
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 4.14 in 2024; short-term debt: 58.2% and cash: 23.9% of total assets), but 59.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
40.1%
Return on assets
17.5%
Age of the figures
9 mo
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
66 d early
2023
61 d early
2022
74 d early
2021
61 d early
2020
81 d early
2019
79 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€156k▲ 11.9%
2024 · €139k
2018: €149k
2019: €146k
2020: €154k
2021: €140k
2022: €147k
2023: €121k
2024: €139k
2018 → 2025
EBIT margin
38.7%▲ 6.8pp
2024 · 32.0%
2018: 47.0%
2019: 36.4%
2020: 44.7%
2021: 39.2%
2022: 39.2%
2023: 18.9%
2024: 32.0%
2018 → 2025
Net result
€46k▲ 33.6%
2024 · €34k
2018: €51k
2019: €40k
2020: €51k
2021: €41k
2022: €43k
2023: €17k
2024: €34k
2018 → 2025
Working capital
€106k▼ 45.6%
2024 · €194k
2018: €190k
2019: €210k
2020: €197k
2021: €187k
2022: €230k
2023: €197k
2024: €194k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€140k-€147k▲ 4.4%€121k▼ 17.2%€139k▲ 14.7%€156k▲ 11.9%
Equity€191k-€234k▲ 22.4%€200k▼ 14.7%€194k▼ 2.8%€105k▼ 45.8%
Operating result€55k-€57k▲ 4.4%€23k▼ 60.0%€44k▲ 93.5%€60k▲ 35.6%
Net result€41k-€43k▲ 5.1%€17k▼ 60.1%€34k▲ 101%€46k▲ 33.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 36% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €262k
Fixed assets
€4k▼ 15.7%
Current assets
€258k▲ 1.0%
Equity and liabilities €262k
Equity
€105k▼ 45.8%
Debt
€157k▲ 137%
The debt ratio rises from 25.5% to 59.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€61k▲
2024 · €45k
Cash flow
€47k▲
2024 · €35k
Solvency
40.1%▼
2024 · 74.5%
Current ratio
1.69▼
2024 · 4.14
Quick ratio
1.69▼
2024 · 4.14
Debt / equity
1.49▲
2024 · 0.34
ROE
43.5%▲
2024 · 17.6%
ROA
17.5%▲
2024 · 13.2%
Interest coverage
119.17▲
2024 · 78.54
Debt
€157k▲
2024 · €66k
Debt ≤ 1 year
€153k▲
2024 · €62k
Income taxes
€18k▲
2024 · €14k
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€261k€262k▲
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Land and buildings22€3k€3k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€256k€258k▲
Amounts receivable after more than one year29€89k€50k▼
Other amounts receivable291€89k€50k▼
Amounts receivable within one year40/41€17k€20k▲
Trade receivables40€16k€17k▲
Other amounts receivable41€960€2k▲
Current investments50/53€122k€124k▲
Cash at bank and in hand54/58€24k€63k▲
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€261k€262k▲
Equity10/15€194k€105k▼
Contributions10/11€6k€6k=
Reserves13€188k€99k▼
Distributable reserves133€188k€99k▼
Profit (loss) carried forward14€52€52=
Amounts payable17/49€66k€157k▲
Amounts payable within one year42/48€62k€153k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€13k€16k▲
Taxes450/3€13k€16k▲
Other amounts payable47/48€47k€135k▲
Accrued charges and deferred income492/3€5k€4k▼
Income statement
Code20242025
Turnover70€139k€156k▲
Goods, raw materials, services and sundry goods60/61€94k€94k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€931€759▼
Other operating charges640/8€118€120▲
Gross operating margin9900€45k€61k▲
Operating profit (loss)9901€44k€60k▲
Financial income75/76B€4k€4k▼
Recurring financial income75€4k€4k▼
Financial charges65/66B€578€512▼
Recurring financial charges65€578€512▼
Profit (loss) for the period before taxes9903€48k€63k▲
Income taxes67/77€14k€18k▲
Profit (loss) for the period9904€34k€46k▲
Profit (loss) for the period to be appropriated9905€34k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€46k▲
Profit (loss) brought forward from the previous period14P€52€52=
Transfer from equity791/2€40k€135k▲
Transfer to equity691/2€34k€46k▲
To other reserves6921€34k€46k▲
Profit to be distributed694/7€40k€135k▲
Return on contributions (dividend)694€40k€135k▲
The notes to these accounts (5 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €17k ▼60.1%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
18-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 15.24
Current ratio from 3.82 to 15.24; short-term debt falls from €66k to €16k.
31-12
Financial
Equity above €200kEq €234k ▲22.4%
5 profitable years in a row build equity to €234k.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €215k ▲9.3%
2 profitable years in a row build equity to €215k.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Vorselaar · 1 establishment unit since 2008
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.
Molenbaan 92290 VorselaarGround area
1,320 m²
Building footprint
236 m²
Volume, LiDAR
721 m³
Parcel 13044E0226/00F000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FLOWSTARTERS
since 20082.172.214.040
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13044E0226/00F000 | Flanders | 1,320 m² | 1 · 236 m² | 5.5 m · 1 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.
Similar companies · same sector, comparable size
CoVbat
BE 0799.725.210
Sint-Agatha-Berchem · Eq €105k
Andromedata
BE 0765.971.485
Sint-Niklaas · Eq €105k
LUCA PULLARA MANAGEMENT
BE 0781.632.037
Quévy · Eq €105k
ICURE BELGIUM
BE 1017.767.847
Rixensart · Eq €105k
K5 GROUP
BE 0731.873.809
Mont-de-l'Enclus · Eq €105k
Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 40,678 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2008
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.