Summary
Fin Concept is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1.68M and a net result of €-3k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 92% of 9863 sector peers (fiscal year 2024). The company has been active since 2009 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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
42 d late
2022
27 d early
2021
32 d early
2020
9 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€1.68M▼ 0.7%
2023 · €1.69M
Net result
€-3k▲ 90.9%
2023 · €-29k
Total assets
€1.79M▼ 1.8%
2023 · €1.82M
Solvency
94.2%▲ 1.0pp
2023 · 93.2%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€56k€2k▼ 96.2%€102k▲ 4,756%€-20k€4k
Net result€42k▲ 1,015%€-6k€60k€-29k€-3k▲ 90.9%
Equity€1.72M▲ 2.5%€1.71M▼ 0.4%€1.72M▲ 0.8%€1.69M▼ 1.7%€1.68M▼ 0.7%
Total assets€1.91M▲ 2.7%€1.89M▼ 1.3%€1.88M▼ 0.6%€1.82M▼ 3.1%€1.79M▼ 1.8%
Debt€196k▲ 4.3%€177k▼ 9.6%€153k▼ 13.6%€124k▼ 19.0%€104k▼ 16.2%
Working capital€-86k▲ 22.0%€-88k▼ 3.1%€-63k▲ 28.8%€-74k▼ 17.3%€-70k▲ 5.4%
Solvency89.8%▼ 0.2pp90.6%▲ 0.9pp91.9%▲ 1.2pp93.2%▲ 1.3pp94.2%▲ 1.0pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4k after a loss of €20k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.79M
Fixed assets
€1.75M ▼ 0.9%
Current assets
€34k ▼ 32.0%
Equity and liabilities €1.79M
Equity
€1.68M ▼ 0.7%
Debt
€104k ▼ 16.2%
Debt's share of the balance-sheet total falls from 6.8% to 5.8%. Equity and debt are lower.
Key figures and ratios
ROE
-0.2%▲
2023 · -1.7%
ROA
-0.1%▲
2023 · -1.6%
Debt ≤ 1 year
€104k▼
2023 · €124k
Income taxes
€261▼
2023 · €273
Staff costs
€3k▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6k | €5k | €4k | €3k | ▼ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €21k | €22k | €20k | €20k | ▼ 1.3% |
| Other operating charges640/8 | - | €10k | €7k | €7k | €6k | ▼ 7.2% |
| Non-recurring operating charges66A | - | €575 | €43 | - | - | - |
| Gross operating margin9900 | €87k | €39k | €136k | €10k | €33k | ▲ 238% |
| Operating profit (loss)9901 | €56k | €2k | €102k | €-20k | €4k | ▲ 120% |
| Financial income75/76B | - | €2 | €78 | €28 | €42 | ▲ 50.2% |
| Recurring financial income75 | €0 | €2 | €78 | €28 | €42 | ▲ 50.2% |
| Financial charges65/66B | - | €5k | €5k | €8k | €6k | ▼ 19.2% |
| Recurring financial charges65 | €5k | €5k | €5k | €8k | €6k | ▼ 19.2% |
| Profit (loss) for the period before taxes9903 | €59k | €-3k | €97k | €-28k | €-2k | ▲ 91.7% |
| Income taxes67/77 | €17k | €4k | €37k | €273 | €261 | ▼ 4.2% |
| Profit (loss) for the period9904 | €42k | €-6k | €60k | €-29k | €-3k | ▲ 90.9% |
| Profit (loss) for the period to be appropriated9905 | €42k | €-6k | €60k | €-29k | €-3k | ▲ 90.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.91M | €1.89M | €1.88M | €1.82M | €1.79M | ▼ 1.8% |
| Fixed assets21/28 | €1.82M | €1.80M | €1.79M | €1.77M | €1.75M | ▼ 0.9% |
| Tangible fixed assets22/27 | €525k | €505k | €494k | €476k | €459k | ▼ 3.5% |
| Land and buildings22 | - | €486k | €470k | €456k | €442k | ▼ 3.0% |
| Furniture and vehicles24 | - | €19k | €24k | €20k | €17k | ▼ 13.7% |
| Financial fixed assets28 | €1.29M | €1.29M | €1.29M | €1.29M | €1.29M | = |
| Current assets29/58 | €94k | €89k | €90k | €50k | €34k | ▼ 32.0% |
| Amounts receivable within one year40/41 | €50k | €36k | €45k | €36k | €6k | ▼ 83.8% |
| Trade receivables40 | - | €36k | €41k | €32k | €242 | ▼ 99.3% |
| Other amounts receivable41 | - | - | €4k | €4k | €6k | ▲ 53.1% |
| Cash at bank and in hand54/58 | €44k | €50k | €45k | €10k | €16k | ▲ 55.8% |
| Deferred charges and accrued income490/1 | - | €2k | - | €4k | €12k | ▲ 225% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.91M | €1.89M | €1.88M | €1.82M | €1.79M | ▼ 1.8% |
| Equity10/15 | €1.72M | €1.71M | €1.72M | €1.69M | €1.68M | ▼ 0.7% |
| Contributions10/11 | - | €1.33M | €1.33M | €1.33M | €1.33M | = |
| Reserves13 | €388k | €382k | €395k | €395k | €385k | ▼ 2.5% |
| Distributable reserves133 | - | €382k | €395k | €395k | €385k | ▼ 2.5% |
| Profit (loss) carried forward14 | - | - | - | €-29k | €-31k | ▼ 9.1% |
| Amounts payable17/49 | €196k | €177k | €153k | €124k | €104k | ▼ 16.2% |
| Amounts payable after more than one year17 | €15k | - | - | - | - | - |
| Amounts payable within one year42/48 | €180k | €177k | €153k | €124k | €104k | ▼ 16.2% |
| Current portion of amounts payable after more than one year42 | - | €115k | €89k | €75k | €62k | ▼ 17.7% |
| Trade debts44 | €13k | €13k | €10k | €19k | €22k | ▲ 17.2% |
| Suppliers440/4 | - | €13k | €10k | €19k | €22k | ▲ 17.2% |
| Taxes, remuneration and social security45 | - | €35k | €41k | €22k | €5k | ▼ 76.0% |
| Taxes450/3 | - | €31k | €41k | €22k | €5k | ▼ 76.0% |
| Remuneration and social security454/9 | - | €4k | - | - | - | - |
| Other amounts payable47/48 | - | €14k | €13k | €8k | €15k | ▲ 76.6% |
| Accrued charges and deferred income492/3 | - | €41 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42k | €-6k | €60k | €-29k | €-3k | ▲ 90.9% |
| + Depreciation and write-downs630 | €21k | €21k | €22k | €20k | €20k | ▼ 1.3% |
| Operating cash flow (approximation) | €63k | €15k | €82k | €-9k | €17k | ▲ 300% |
| Investment in fixed assets (approximation) | - | €-2k | €-9k | €-2k | €-3k | ▼ 38.8% |
| Change in cash | - | €6k | €-5k | €-35k | €6k | ▲ 117% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €60k
Net result €60k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Koksijde · 1 establishment unit since 2009
Ground area
2,452 m²
Building footprint
127 m²
Volume, LiDAR
1,927 m³
Parcel 38014D0240/00A000, Flanders · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FIN CONCEPT
since 20092.183.211.959
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38014D0240/00A000 | Flanders | 2,452 m² | 1 · 127 m² | 16.6 m · 5 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 24,730 companies in sector 64210 we hold annual accounts for 19,766. 11,420 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
Founded15-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
71113Urban planning and landscape architecture
71121Engineering and related technical consultancy, excluding land surveyors
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.