ACTIVE

The Flow

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Financial year 2025 · closed on 31/12/2025

Net result

999,9 €

-29.6% YoY

Gross margin

5,4 k €

-40.3% YoY

Equity

127,3 k €

-13.3% YoY

What does The Flow do?

The Flow is a Private limited company incorporated in 1995. Its main activity is: Agents involved in the sale of furniture, household goods, hardware and ironmongery. Its registered office is in Ellezelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.573.861

Incorporation

05/07/1995

Legal form

Private limited company

Registered office

Rue Bruyère 36
7890 Ellezelles · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

46150Agents involved in the sale of furniture, household goods, hardware and ironmongery· main 46150Agents involved in the sale of furniture, household goods, hardware and ironmongery 51532Air transport 46130Agents involved in the sale of timber and building materials 46130Agents involved in the sale of timber and building materials 46450Wholesale of perfume and cosmetics+6

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	5,4 k €	-40.3%	9 k €	+403%	-3 k €	-123%	13,2 k €	-63.1%	35,7 k €	+8.5%	32,9 k €	-12.8%	37,7 k €	+13.4%	33,3 k €	-22.1%	42,8 k €	+44.8%	29,5 k €	-25.9%	39,8 k €	+235%	11,9 k €	+42.9%	8,3 k €	+8.6%	7,7 k €	-68.4%	24,2 k €	-16.7%	29,1 k €	+19.8%	24,3 k €	+98.6%	12,2 k €	-61.0%	31,4 k €	+297%	7,9 k €
EBITDA	5,1 k €	-40.4%	8,6 k €	+197%	-8,9 k €	-169%	12,8 k €	-65.0%	36,7 k €	+74.2%	21,1 k €	+112%	9,9 k €	+60.3%	6,2 k €	-64.1%	17,3 k €	+17.2%	14,7 k €	-49.5%	29,1 k €	+218%	9,1 k €	+14.7%	8 k €	+12.6%	7,1 k €	-71.9%	25,2 k €	+275%	6,7 k €	-51.8%	13,9 k €	+29.1%	10,8 k €	-39.9%	18 k €	+168%	6,7 k €
Operating result	1,4 k €	+88.3%	749,5 €	+106%	-12,2 k €	-224%	9,9 k €	-71.0%	34 k €	+84.9%	18,4 k €	+169%	6,8 k €	+127%	3 k €	-77.8%	13,6 k €	+176%	4,9 k €	-74.7%	19,4 k €	+677%	2,5 k €	+53.6%	1,6 k €	+154%	640,5 €	-96.9%	20,5 k €	+413301%	-5 €	-100%	7 k €	+80.5%	3,9 k €	-64.6%	11 k €	+163%	4,2 k €
Net result	999,9 €	-29.6%	1,4 k €	+114%	-9,9 k €	-204%	9,5 k €	-61.3%	24,6 k €	+79.6%	13,7 k €	+3964%	-354 €	-182%	429,6 €	-93.6%	6,7 k €	+1962%	-357,9 €	-104%	8,6 k €	+454%	1,6 k €	-59.4%	3,8 k €	+7.0%	3,6 k €	-82.5%	20,5 k €	+8739%	232,4 €	-97.0%	7,8 k €	+103%	3,8 k €	-62.1%	10,1 k €	+226%	3,1 k €
Balance sheet
Equity	127,3 k €	-13.3%	146,9 k €	-13.3%	169,5 k €	+23.5%	137,3 k €	+7.4%	127,8 k €	+23.8%	103,2 k €	+16.0%	89 k €	-0.4%	89,3 k €	+0.5%	88,9 k €	+8.1%	82,2 k €	-0.4%	82,6 k €	+11.7%	74 k €	+2.2%	72,4 k €	+5.6%	68,5 k €	+5.5%	65 k €	+46.3%	44,4 k €	+0.5%	44,2 k €	+21.4%	36,4 k €	+11.8%	32,5 k €	+45.3%	22,4 k €
Total assets	156,7 k €	-9.4%	173 k €	-16.9%	208,2 k €	+37.7%	151,1 k €	-21.6%	192,7 k €	+23.2%	156,4 k €	-1.8%	159,3 k €	+2.1%	156,1 k €	+7.1%	145,7 k €	-9.7%	161,4 k €	-13.3%	186,3 k €	+36.3%	136,7 k €	+16.0%	117,9 k €	+35.2%	87,2 k €	+0.9%	86,4 k €	+2.6%	84,2 k €	+17.7%	71,5 k €	+34.4%	53,2 k €	-13.2%	61,3 k €	+80.3%	34 k €
Cash	–		–		37,2 €	-95.6%	842,4 €	-91.5%	9,9 k €	+349%	2,2 k €		–		608,2 €	-82.5%	3,5 k €	+154%	1,4 k €	+1482%	86,6 €	-96.6%	2,5 k €	-49.2%	5 k €	+81.0%	2,7 k €	+112124%	2,5 €	-99.9%	3,3 k €	+33.4%	2,5 k €	-79.9%	12,4 k €	+1040%	1,1 k €	+3605%	29,4 €
Debts	29,4 k €	+12.7%	26,1 k €	-32.5%	38,6 k €	+180%	13,8 k €	-35.6%	21,4 k €	-59.7%	53,2 k €	-24.4%	70,4 k €	+5.3%	66,8 k €	+17.6%	56,8 k €	-28.2%	79,2 k €	-22.5%	102,2 k €	+62.8%	62,8 k €	+38.0%	45,5 k €	+144%	18,6 k €	-13.1%	21,5 k €	-46.1%	39,8 k €	+45.5%	27,4 k €	+62.6%	16,8 k €	-41.5%	28,8 k €	+148%	11,6 k €
Other
Workforce	–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP	0.0%	0,9 ETP	-10.0%	1,0 ETP	+233%	0,3 ETP		–		–		–		0,4 ETP	+100%	0,2 ETP		–		0,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Machiel Asbeek Brusse

Director

Active

Nicole Lejeune

Director

Active

Ended mandates

Nicole Lejeune

Director · since 01 janvier 2014

Ended

Nicole Lejeune

Administrator - manager · since 01 janvier 2014

Ended

Nicole Lejeune

Manager · since 01 janvier 2014

Ended

Machiel Asbeek Brusse

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Water Saves● Active	0785.910.628
Water Saves Investment Fund● Active	1000.176.797

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/05/2026	03/06/2025	25/06/2024	30/05/2023	31/05/2022	01/06/2021
General meeting	04/05/2026	05/05/2025	27/05/2024	02/05/2023	02/05/2022	03/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	26/05/2026	French	PDF
Abridged model	31/12/2024	05/05/2025	03/06/2025	French	PDF
Abridged model	31/12/2023	27/05/2024	25/06/2024	French	PDF
Abridged model	31/12/2022	02/05/2023	30/05/2023	French	PDF
Abridged model	31/12/2021	02/05/2022	31/05/2022	French	PDF
Abridged model	31/12/2020	03/05/2021	01/06/2021	French	PDF
Abridged model	31/12/2019	04/05/2020	02/06/2020	French	PDF
Abridged model	31/12/2018	06/05/2019	05/06/2019	French	PDF
Abridged model	31/12/2017	07/05/2018	30/05/2018	French	PDF
Abridged model	31/12/2016	02/05/2017	22/05/2017	French	PDF
Abridged model	31/12/2015	02/05/2016	30/05/2016	French	PDF
Abridged model	31/12/2014	04/05/2015	29/05/2015	French	PDF
Abridged model	31/12/2013	05/05/2014	04/06/2014	French	PDF
Abridged model	31/12/2012	06/05/2013	15/05/2013	French	PDF
Abridged model	31/12/2011	07/05/2012	23/05/2012	French	PDF
Abridged model	31/12/2010	02/05/2011	10/10/2011	French	PDF
Abridged model	31/12/2009	03/05/2010	03/06/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	11/06/2009	French	PDF
Abridged model	31/12/2007	05/05/2008	04/06/2008	Dutch	PDF
Abridged model	31/12/2006	08/05/2007	08/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Machiel Asbeek Brusse

Director

Active

Nicole Lejeune

Director

Active

Ended mandates

Nicole Lejeune

Director · since 01 janvier 2014

Ended

Nicole Lejeune

Administrator - manager · since 01 janvier 2014

Ended

Nicole Lejeune

Manager · since 01 janvier 2014

Ended

Machiel Asbeek Brusse

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring03/01/2024
BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025999,9 €↓
2024
Annual accounts 20241,4 k €↑
2023
Annual accounts 2023-9,9 k €↓
2023
Name changeThe Flow
2022
Annual accounts 20229,5 k €↓
2021
Annual accounts 202124,6 k €↑
2021
Name changeUniversal Trade Team
2020
Annual accounts 202013,7 k €↑
2019
Annual accounts 2019-354 €↓
2018
Annual accounts 2018429,6 €↓
2017
Annual accounts 20176,7 k €↑
2016
Annual accounts 2016-357,9 €↓
2015
Annual accounts 20158,6 k €↑
2014
Annual accounts 20141,6 k €↓
2013
Annual accounts 20133,8 k €↑
2012
Annual accounts 20123,6 k €↓
2011
Annual accounts 201120,5 k €↑
2010
Annual accounts 2010232,4 €↓
2009
Annual accounts 20097,8 k €↑
2008
Annual accounts 20083,8 k €↓
2007
Annual accounts 200710,1 k €↑
2006
Annual accounts 20063,1 k €
05/07/1995
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

The Flow

Overview

What does The Flow do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline