Summary
BE-FIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €494k and a net result of €43k. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 5547 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 5547 sector peers (2025).
NBB · sector comparisonPosition among 5547 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
14 d late
2022
101 d early
2020
94 d early
2019
22 d early
2018
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€494k▲ 9.6%
2024 · €451k
2018: €67klowest value
2019: €68k▲ +2.1% vs 2018
2020: €76k▲ +11.9% vs 2019
2022: €320k
2023: €345k▲ +7.9% vs 2022
2024: €451k▲ +30.6% vs 2023
2025: €494k▲ +9.6% vs 2024highest value
2018 → 2025
Net result
€43k▼ 58.8%
2024 · €106k
2018: €14k
2019: €1k▼ -89.7% vs 2018lowest value
2020: €8k▲ +472% vs 2019
2022: €313khighest value
2023: €95k▼ -69.6% vs 2022
2024: €106k▲ +10.7% vs 2023
2025: €43k▼ -58.8% vs 2024
2018 → 2025
Total assets
€3.57M▲ 8.1%
2024 · €3.30M
2018: €287klowest value
2019: €519k▲ +81.1% vs 2018
2020: €482k▼ -7.3% vs 2019
2022: €909k
2023: €2.11M▲ +132% vs 2022
2024: €3.30M▲ +56.7% vs 2023
2025: €3.57M▲ +8.1% vs 2024highest value
2018 → 2025
Solvency
13.8%▲ 0.2pp
2024 · 13.6%
2018: 23.3%
2019: 13.2%▼ -43.6% vs 2018lowest value
2020: 15.9%▲ +20.7% vs 2019
2022: 35.2%highest value
2023: 16.4%▼ -53.5% vs 2022
2024: 13.6%▼ -16.7% vs 2023
2025: 13.8%▲ +1.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€76k-€320k▲ 318%€345k▲ 7.9%€451k▲ 30.6%€494k▲ 9.6%
2020: €76klowest value
2022: €320k
2023: €345k▲ +7.9% vs 2022
2024: €451k▲ +30.6% vs 2023
2025: €494k▲ +9.6% vs 2024highest value
Operating result€20k-€240k▲ 1,078%€18k▼ 92.7%€112k▲ 537%€150k▲ 34.3%
2020: €20k
2022: €240khighest value
2023: €18k▼ -92.7% vs 2022lowest value
2024: €112k▲ +537% vs 2023
2025: €150k▲ +34.3% vs 2024
Net result€8k-€313k▲ 3,739%€95k▼ 69.6%€106k▲ 10.7%€43k▼ 58.8%
2020: €8klowest value
2022: €313khighest value
2023: €95k▼ -69.6% vs 2022
2024: €106k▲ +10.7% vs 2023
2025: €43k▼ -58.8% vs 2024
Turnover and EBIT margin not published: the abbreviated 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 34% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.57M
Fixed assets
€3.10M ▲ 4.3%
Current assets
€466k ▲ 41.8%
Equity and liabilities €3.57M
Equity
€494k ▲ 9.6%
Provisions
€519k ▼ 0.9%
Debt
€2.56M ▲ 9.8%
Debt's share of the balance-sheet total rises from 70.5% to 71.6%. Equity and debt are higher.
Key figures and ratios
ROE
8.8%▼
2024 · 23.4%
ROA
1.2%▼
2024 · 3.2%
Debt ≤ 1 year
€531k▲
2024 · €420k
Debt > 1 year
€1.58M▲
2024 · €1.40M
Income taxes
€37k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.30M€3.57M▲
Fixed assets21/28€2.97M€3.10M▲
Tangible fixed assets22/27€1.78M€1.91M▲
Land and buildings22€1.71M€1.85M▲
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€64k€53k▼
Other tangible fixed assets26€1k€0▼
Financial fixed assets28€1.19M€1.19M=
Current assets29/58€329k€466k▲
Amounts receivable after more than one year29-€125k
Other amounts receivable291-€125k
Amounts receivable within one year40/41€322k€336k▲
Trade receivables40€887€45k▲
Other amounts receivable41€321k€291k▼
Cash at bank and in hand54/58€5k€3k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€3.30M€3.57M▲
Equity10/15€451k€494k▲
Contributions10/11€19k€19k=
Reserves13€432k€475k▲
Distributable reserves133€432k€475k▲
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€524k€519k▼
Provisions for liabilities and charges160/5€524k€519k▼
Environmental obligations163€524k€519k▼
Amounts payable17/49€2.33M€2.56M▲
Amounts payable after more than one year17€1.40M€1.58M▲
Financial debts170/4€1.40M€1.58M▲
Amounts payable within one year42/48€420k€531k▲
Current portion of amounts payable after more than one year42€122k€126k▲
Financial debts43€100k-
Credit institutions430/8€100k-
Trade debts44€9k€53k▲
Suppliers440/4€9k€53k▲
Taxes, remuneration and social security45€15k€40k▲
Taxes450/3€15k€40k▲
Other amounts payable47/48€175k€313k▲
Accrued charges and deferred income492/3€504k€447k▼
Income statement
Code20242025
Non-recurring operating income76A€7k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€78k▲
Other operating charges640/8€51k€7k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€217k€235k▲
Operating profit (loss)9901€112k€150k▲
Financial income75/76B€55k€4k▼
Recurring financial income75€55k€4k▼
Financial charges65/66B€46k€74k▲
Recurring financial charges65€46k€74k▲
Profit (loss) for the period before taxes9903€121k€80k▼
Income taxes67/77€15k€37k▲
Profit (loss) for the period9904€106k€43k▼
Profit (loss) for the period to be appropriated9905€106k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€106k€43k▼
Profit (loss) brought forward from the previous period14P-€0
Transfer to equity691/2€106k€43k▼
To other reserves6921€106k€43k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €48k | €33k | €53k | €78k | ▲ 49.1% |
| Other operating charges640/8 | - | €4k | €32k | €51k | €7k | ▼ 86.7% |
| Non-recurring operating charges66A | - | - | €15k | €2k | - | - |
| Gross operating margin9900 | €39k | €292k | €98k | €217k | €235k | ▲ 8.2% |
| Operating profit (loss)9901 | €20k | €240k | €18k | €112k | €150k | ▲ 34.3% |
| Financial income75/76B | - | €155k | €111k | €55k | €4k | ▼ 92.5% |
| Recurring financial income75 | €1 | €155k | €111k | €55k | €4k | ▼ 92.5% |
| Financial charges65/66B | - | €12k | €27k | €46k | €74k | ▲ 59.8% |
| Recurring financial charges65 | €8k | €12k | €27k | €46k | €74k | ▲ 59.8% |
| Profit (loss) for the period before taxes9903 | €13k | €383k | €102k | €121k | €80k | ▼ 33.4% |
| Income taxes67/77 | €5k | €70k | €7k | €15k | €37k | ▲ 145% |
| Profit (loss) for the period9904 | €8k | €313k | €95k | €106k | €43k | ▼ 58.8% |
| Transfer from tax-exempt reserves789 | - | €17k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €8k | €330k | €95k | €106k | €43k | ▼ 58.8% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €482k | €909k | €2.11M | €3.30M | €3.57M | ▲ 8.1% |
| Fixed assets21/28 | €398k | €395k | €1.58M | €2.97M | €3.10M | ▲ 4.3% |
| Tangible fixed assets22/27 | €145k | €142k | €837k | €1.78M | €1.91M | ▲ 7.3% |
| Land and buildings22 | - | €96k | €802k | €1.71M | €1.85M | ▲ 8.2% |
| Plant, machinery and equipment23 | - | €9k | €5k | €4k | €4k | ▲ 4.6% |
| Furniture and vehicles24 | - | €28k | €25k | €64k | €53k | ▼ 17.4% |
| Other tangible fixed assets26 | - | €8k | €5k | €1k | €0 | ▼ 100.0% |
| Financial fixed assets28 | €254k | €254k | €744k | €1.19M | €1.19M | = |
| Current assets29/58 | €83k | €513k | €527k | €329k | €466k | ▲ 41.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €125k | - |
| Other amounts receivable291 | - | - | - | - | €125k | - |
| Stocks and contracts in progress3 | - | €100k | - | - | - | - |
| Stocks30/36 | - | €100k | - | - | - | - |
| Amounts receivable within one year40/41 | €67k | €62k | €490k | €322k | €336k | ▲ 4.5% |
| Trade receivables40 | - | €24k | €30k | €887 | €45k | ▲ 5,021% |
| Other amounts receivable41 | - | €38k | €460k | €321k | €291k | ▼ 9.3% |
| Current investments50/53 | - | €210k | - | - | - | - |
| Cash at bank and in hand54/58 | €16k | €14k | €31k | €5k | €3k | ▼ 33.8% |
| Deferred charges and accrued income490/1 | - | €127k | €6k | €2k | €2k | ▼ 19.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €482k | €909k | €2.11M | €3.30M | €3.57M | ▲ 8.1% |
| Equity10/15 | €76k | €320k | €345k | €451k | €494k | ▲ 9.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €58k | €301k | €326k | €432k | €475k | ▲ 10.1% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €299k | €326k | €432k | €475k | ▲ 10.1% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | - | - | - | €524k | €519k | ▼ 0.9% |
| Provisions for liabilities and charges160/5 | - | - | - | €524k | €519k | ▼ 0.9% |
| Environmental obligations163 | - | - | - | €524k | €519k | ▼ 0.9% |
| Amounts payable17/49 | €405k | €589k | €1.76M | €2.33M | €2.56M | ▲ 9.8% |
| Amounts payable after more than one year17 | €310k | €407k | €1.10M | €1.40M | €1.58M | ▲ 12.4% |
| Financial debts170/4 | - | €407k | €1.10M | €1.40M | €1.58M | ▲ 12.4% |
| Amounts payable within one year42/48 | €91k | €181k | €246k | €420k | €531k | ▲ 26.3% |
| Current portion of amounts payable after more than one year42 | - | €64k | €116k | €122k | €126k | ▲ 3.7% |
| Financial debts43 | - | €13k | - | €100k | - | - |
| Credit institutions430/8 | - | €13k | - | €100k | - | - |
| Trade debts44 | €44k | €15k | €4k | €9k | €53k | ▲ 487% |
| Suppliers440/4 | - | €15k | €4k | €9k | €53k | ▲ 487% |
| Taxes, remuneration and social security45 | - | €20k | €7k | €15k | €40k | ▲ 164% |
| Taxes450/3 | - | €20k | €7k | €15k | €40k | ▲ 164% |
| Other amounts payable47/48 | - | €70k | €120k | €175k | €313k | ▲ 78.8% |
| Accrued charges and deferred income492/3 | - | €464 | €417k | €504k | €447k | ▼ 11.4% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €313k | €95k | €106k | €43k | ▼ 58.8% |
| + Depreciation and write-downs630 | €18k | €48k | €33k | €53k | €78k | ▲ 49.1% |
| Operating cash flow (approximation) | €26k | €361k | €129k | €158k | €122k | ▼ 22.9% |
| Investment in fixed assets (approximation) | - | - | €-1.22M | €-1.45M | €-207k | ▲ 85.6% |
| Change in cash | - | - | €18k | €-27k | €-2k | ▲ 94.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
19-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €313k ▲3,739%
Operating result €240k, net result €313k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 2.83
Current ratio from 0.91 to 2.83.
30-09
Financial
Equity above €200kEq €320k ▲318%
4 profitable years in a row build equity to €320k.
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €1k ▼89.7%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 3.30
Current ratio from 0.87 to 3.30.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Knokke-Heist · 1 establishment unit since 2017
Ground area
2,650 m²
Building footprint
134 m²
Volume, LiDAR
148 m³
Parcel 31039E0077/00N000, Flanders · tallest building 5.0 m. Linked by address, not a title deed.
61
companies at this address
See who is registered here
1 establishment unit
BE-FIN
since 20172.259.352.506
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039E0077/00N000 | Flanders | 2,650 m² | 1 · 134 m² | 5.0 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500Y8PEGOU9CNZL89
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,615 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2016
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.