I am getting that same error, and my SQL database is on a different server.
Event Type: Error
Event Source: Service Control Manager
Event Category: None
Event ID: 7022
Time: 5:38:13 PM
The SolarWinds NetFlow Service service hung on starting.
For more information, see Help and Support Center at http://go.microsoft.com/fwlink/events.asp.
I suggest opening a ticket with support.