The gas-liquid flow inside a circular, isothermal column reactor with a vertical axis has been studied using numerical simulations. The flow is assumed to be in the laminar, bubbly flow regime which is characterized by a suspension of discrete air bubbles in a continuous liquid phase such as glycerol water. The mathematical formulation is based on the conservation of mass and momentum principle for the liquid phase. The gas velocity distribution is calculated via an empirically prescribed relative velocity as a function of void fraction. The interface viscous drag forces are prescribed empirically. For some cases a profile shape is assumed for the void ratio distribution. The influence of various profile shapes is investigated. The results are compared with those where the void ratio distribution is calculated from the conservation of mass equation. The mathematical model has been implemented by modifying a readily available computer code for single-phase newtonian fluid flows. The numerical discretization is based on a finite volume approach. The predictions show a good agreement with measurements. The circulation pattern seems not to be so sensitive to the actual shape of the void fraction profiles, but the inlet distribution of it is important. A significantly different flow pattern results when the void fraction distribution is calculated from the transport equation, as compared to those with a priori prescribed profiles. When the void fraction is uniformly distributed over the whole distributor plate, no circulation is observed. Calculations also show that even the two-phase systems with a few discrete bubbles can be simulated successfully by a continuum model.