New Risk • Jul 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 139% Cash payout ratio: 95% Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (€51.7m market cap, or US$59.1m). Declared Dividend • Jul 01
Dividend of €0.70 announced Shareholders will receive a dividend of €0.70. Ex-date: 29th September 2026 Payment date: 1st October 2026 Dividend yield will be 3.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio) nor is it adequately covered by cash flows (95% cash payout ratio). The dividend has remained flat since 2 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 54% to bring the payout ratio under control, which is more than the 7.2% EPS growth achieved over the last 5 years. Announcement • Jun 30
Flowsparks NV announces Annual dividend, payable on October 01, 2026 Flowsparks NV announced Annual dividend of EUR 0.7000 per share payable on October 01, 2026, ex-date on September 29, 2026 and record date on September 30, 2026. Reported Earnings • Jun 25
Full year 2025 earnings released Full year 2025 results: Revenue: €10.2m (up 4.1% from FY 2024). Net income: €1.56m (up 11% from FY 2024). Profit margin: 15% (in line with FY 2024). New Risk • Jun 21
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€40.9m market cap, or US$47.0m). Board Change • Apr 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Representative Director Rosalie Declercq was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €20.20, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 19x in the Consumer Services industry in Europe. Total loss to shareholders of 7.6% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to €16.40, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 18x in the Consumer Services industry in Europe. Total loss to shareholders of 25% over the past three years. New Risk • Jan 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€59.0m market cap, or US$69.0m). Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €27.40, the stock trades at a trailing P/E ratio of 42.1x. Average trailing P/E is 19x in the Consumer Services industry in Europe. Total returns to shareholders of 25% over the past three years. Board Change • Dec 23
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Representative Director Rosalie Declercq was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Belgian stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.1% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€44.0m market cap, or US$51.3m). Board Change • Dec 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Representative Director Rosalie Declercq was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Representative Director Rosalie Declercq was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Sep 26
Dividend of €0.46 announced Shareholders will receive a dividend of €0.46. Ex-date: 29th September 2025 Payment date: 1st October 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) nor is it covered by cash flows (179% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control, which is less than the 12% EPS growth achieved over the last 5 years. Upcoming Dividend • Sep 22
Upcoming dividend of €0.46 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 October 2025. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 2.6%. Lower than top quartile of Belgian dividend payers (6.2%). In line with average of industry peers (2.5%). Board Change • Aug 25
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Representative Director Rosalie Declercq was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 21
Dividend of €0.46 announced Shareholders will receive a dividend of €0.46. Ex-date: 29th September 2025 Payment date: 1st October 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) nor is it covered by cash flows (179% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control, which is less than the 12% EPS growth achieved over the last 5 years. Announcement • Jul 20
Flowsparks NV announces Annual dividend, payable on October 01, 2025 Flowsparks NV announced Annual dividend of EUR 0.4550 per share payable on October 01, 2025, ex-date on September 29, 2025 and record date on September 30, 2025. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €23.40, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 19x in the Consumer Services industry in Europe. Total returns to shareholders of 16% over the past three years. Reported Earnings • Jun 24
Full year 2024 earnings released Full year 2024 results: Revenue: €9.78m (up 2.2% from FY 2023). Net income: €1.40m (up 28% from FY 2023). Profit margin: 14% (up from 11% in FY 2023). The increase in margin was primarily driven by higher revenue. New Risk • Jun 22
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (€40.5m market cap, or US$46.7m). New Risk • Jun 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (€41.2m market cap, or US$47.3m). Board Change • May 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD, CEO, CCO & Director Cedric Herregodts was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD, CEO, CCO & Director Cedric Herregodts was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD, CEO, CCO & Director Cedric Herregodts was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jan 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (€40.9m market cap, or US$42.6m). Board Change • Dec 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD, CEO, CCO & Director Cedric Herregodts was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (€45.3m market cap, or US$47.6m). New Risk • Jun 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (197% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (€53.9m market cap, or US$57.8m). Reported Earnings • Jun 23
Full year 2023 earnings released Full year 2023 results: Revenue: €9.57m (up 21% from FY 2022). Net income: €1.09m (down 20% from FY 2022). Profit margin: 11% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • Jun 20
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Minor Risk Market cap is less than US$100m (€49.6m market cap, or US$53.2m). New Risk • Jan 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€49.6m market cap, or US$54.2m). Reported Earnings • Jun 21
Full year 2022 earnings released Full year 2022 results: Revenue: €7.92m (up 1.9% from FY 2021). Net income: €1.36m (up 2.7% from FY 2021). Profit margin: 17% (in line with FY 2021). Board Change • Jan 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Niko Keters was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Niko Keters was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Niko Keters was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Niko Keters was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Niko Keters was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Niko Keters was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Niko Keters was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jun 23
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €6.56m (up 10.0% from FY 2019). Net income: €1.10m (up 40% from FY 2019). Profit margin: 17% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 16% share price gain to €14.70, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 26x in the Consumer Services industry in Europe. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 18% share price gain to €12.00, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 21x in the Consumer Services industry in Europe. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 15% share price gain to €12.70, the stock is trading at a trailing P/E ratio of 34.7x, up from the previous P/E ratio of 30.1x. This compares to an average P/E of 18x in the Consumer Services industry in Europe. Total returns to shareholders over the past three years are 1,183%. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 27% share price gain to €12.70, the stock is trading at a trailing P/E ratio of 34.7x, up from the previous P/E ratio of 27.4x. This compares to an average P/E of 16x in the Consumer Services industry in Europe. Total returns to shareholders over the past three years are 3,997%. Is New 90 Day High Low • Nov 30
New 90-day high: €9.90 The company is up 98% from its price of €5.00 on 01 September 2020. The Belgian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 22
New 90-day high: €9.00 The company is up 157% from its price of €3.50 on 22 July 2020. The Belgian market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 16% over the same period.