Fimasco
ActiveSummary
Fimasco is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For Fimasco, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €409,045 and a net result of €23,156. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 78% of 3112 sector peers (fiscal year 2023). The company has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
Filing: At least two filing cycles are missing
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 10-04-2025, 253 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
253 d late
2022
470 d late
2021
68 d late
2020
188 d late
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 206 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€409,045▼ 52.6%
2022 · €863,646
Net result
€23,156▲ 120%
2022 · €10,529
Total assets
€531,977▼ 46.1%
2022 · €986,793
Solvency
76.9%▼ 10.6pp
2022 · 87.5%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€34,289▼ 37.6%€40,033▲ 16.8%€27,658▼ 30.9%€18,518▼ 33.0%€24,241▲ 30.9%
Net result€15,424▼ 61.3%€31,873within the sector's middle half▲ 107%€19,720within the sector's middle half▼ 38.1%€10,529below the sector's middle half▼ 46.6%€23,156within the sector's middle half▲ 120%
Equity€801,524▲ 2.0%€833,397above the sector's middle half▲ 4.0%€853,117within the sector's middle half▲ 2.4%€863,646within the sector's middle half▲ 1.2%€409,045above the sector's middle half▼ 52.6%
Total assets€1.1m▼ 3.2%€1.1mwithin the sector's middle half▼ 0.8%€993,272within the sector's middle half▼ 6.7%€986,793within the sector's middle half▼ 0.7%€531,977within the sector's middle half▼ 46.1%
Debt€265,128▼ 16.1%€224,743▼ 15.2%€133,393▼ 40.6%€116,385▼ 12.8%€116,170▼ 0.2%
Working capital€679,338▼ 4.2%€679,272above the sector's middle half=€655,811above the sector's middle half▼ 3.5%€675,817above the sector's middle half▲ 3.1%€236,380above the sector's middle half▼ 65.0%
Solvency74.7%▲ 3.8pp78.3%above the sector's middle half▲ 3.6pp85.9%above the sector's middle half▲ 7.6pp87.5%above the sector's middle half▲ 1.6pp76.9%above the sector's middle half▼ 10.6pp
Current ratio13.05▼ 24.178.04above the sector's middle half▼ 5.017.77above the sector's middle half▼ 0.276.81above the sector's middle half▼ 0.973.03within the sector's middle half▼ 3.77
Return on assets (ROA)1.4%▼ 2.2pp3.0%within the sector's middle half▲ 1.6pp2.0%within the sector's middle half▼ 1.0pp1.1%below the sector's middle half▼ 0.9pp4.4%within the sector's middle half▲ 3.3pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 31% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €531,977
Fixed assets
€179,427 ▼ 7.8%
Current assets
€352,550 ▼ 55.5%
Equity and liabilities €531,977
Equity
€409,045 ▼ 52.6%
Provisions
€6,763 =
Debt
€116,170 ▼ 0.2%
Debt's share of the balance-sheet total rises from 11.8% to 21.8%. Equity and debt are lower.
Key figures and ratios
ROE
5.7%▲
2022 · 1.2%
Debt ≤ 1 year
€116,170▼
2022 · €116,385
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1,647 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,645 | €48,545 | €48,545 | €46,029 | €15,165 | ▼ 67.1% |
| Other operating charges640/8 | - | - | - | €975 | €184 | ▼ 81.1% |
| Non-recurring operating charges66A | - | - | - | €496 | €13,990 | ▲ 2,722% |
| Gross operating margin9900 | €95,549 | €102,094 | €77,851 | €66,017 | €53,580 | ▼ 18.8% |
| Operating profit (loss)9901 | €34,289 | €40,033 | €27,658 | €18,518 | €24,241 | ▲ 30.9% |
| Financial charges65/66B | - | - | €7,939 | €1,272 | €1,085 | ▼ 14.6% |
| Recurring financial charges65 | €10,946 | €675 | €7,939 | €1,272 | €1,085 | ▼ 14.6% |
| Non-recurring financial charges66B | - | - | - | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €22,834 | €39,358 | €19,720 | €17,246 | €23,156 | ▲ 34.3% |
| Income taxes67/77 | €7,410 | €7,484 | - | €6,717 | - | - |
| Profit (loss) for the period9904 | €15,424 | €31,873 | €19,720 | €10,529 | €23,156 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €15,424 | €31,873 | €19,720 | €10,529 | €23,156 | ▲ 120% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €993,272 | €986,793 | €531,977 | ▼ 46.1% |
| Fixed assets21/28 | €337,711 | €289,166 | €240,621 | €194,592 | €179,427 | ▼ 7.8% |
| Intangible fixed assets21 | €5,034 | €2,517 | - | - | - | - |
| Tangible fixed assets22/27 | €332,678 | €286,649 | €240,621 | €194,592 | €179,427 | ▼ 7.8% |
| Land and buildings22 | - | - | €240,621 | €194,592 | €179,427 | ▼ 7.8% |
| Current assets29/58 | €735,703 | €775,737 | €752,652 | €792,201 | €352,550 | ▼ 55.5% |
| Amounts receivable within one year40/41 | €732,968 | €763,947 | €737,737 | €777,286 | €348,320 | ▼ 55.2% |
| Trade receivables40 | - | - | €3,795 | €9,355 | €15,664 | ▲ 67.4% |
| Other amounts receivable41 | - | - | €733,942 | €767,931 | €332,657 | ▼ 56.7% |
| Cash at bank and in hand54/58 | €2,735 | €11,790 | €14,915 | €14,915 | €4,229 | ▼ 71.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €993,272 | €986,793 | €531,977 | ▼ 46.1% |
| Equity10/15 | €801,524 | €833,397 | €853,117 | €863,646 | €409,045 | ▼ 52.6% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | - | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €708,183 | €708,183 | €708,183 | €708,183 | €230,426 | ▼ 67.5% |
| Non-distributable reserves130/1 | - | - | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | - | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | - | - | €701,986 | €701,986 | €224,229 | ▼ 68.1% |
| Profit (loss) carried forward14 | €31,367 | €63,241 | €82,961 | €93,490 | €116,646 | ▲ 24.8% |
| Provisions and deferred taxes16 | €6,763 | €6,763 | €6,763 | €6,763 | €6,763 | = |
| Provisions for liabilities and charges160/5 | - | - | €6,763 | €6,763 | €6,763 | = |
| Pensions and similar obligations160 | - | - | €6,763 | €6,763 | €6,763 | = |
| Amounts payable17/49 | €265,128 | €224,743 | €133,393 | €116,385 | €116,170 | ▼ 0.2% |
| Amounts payable after more than one year17 | €208,763 | €128,278 | €36,552 | - | - | - |
| Financial debts170/4 | - | - | €36,552 | - | - | - |
| Amounts payable within one year42/48 | €56,365 | €96,465 | €96,841 | €116,385 | €116,170 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | - | - | €91,726 | €104,583 | €104,583 | = |
| Financial debts43 | - | - | €1,445 | €2,953 | €2,953 | = |
| Credit institutions430/8 | - | - | €1,445 | €2,953 | €2,953 | = |
| Trade debts44 | €5,330 | €14,534 | €3,669 | €2,132 | €1,917 | ▼ 10.1% |
| Suppliers440/4 | - | - | €3,669 | €2,132 | €1,917 | ▼ 10.1% |
| Taxes, remuneration and social security45 | - | - | - | €6,717 | €6,717 | = |
| Taxes450/3 | - | - | - | €6,717 | €6,717 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,424 | €31,873 | €19,720 | €10,529 | €23,156 | ▲ 120% |
| + Depreciation and write-downs630 | €48,645 | €48,545 | €48,545 | €46,029 | €15,165 | ▼ 67.1% |
| Operating cash flow (approximation) | €64,069 | €80,419 | €68,265 | €56,558 | €38,321 | ▼ 32.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €9,055 | €3,125 | €0 | -€10,686 | - |
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
2025
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 253 days late
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 470 days late
2022
31-12
Financial
Weakest financial yearnet €10,529 ▼46.6%
Net result drops to €10,529, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 68 days late
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 188 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 52 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 69 days late
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 139 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 156 days late
2015
22-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 1981
Ground area
74 m²
Building footprint
73 m²
Volume, LiDAR
910 m³
Parcel 21908E0262/00T003, Brussels · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Haachtsesteenweg 139, 1030 Schaarbeek
since 19812.035.204.411
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21908E0262/00T003 | Brussels | 74 m² | 1 · 73 m² | 15.4 m · 4 fl. |
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.
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Of 4,671 companies in this sector we hold annual accounts for 3,221. 2,659 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded30-03-1981
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Not found in the Peppol register
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