FIN FORWARD
ActiveSummary
FIN FORWARD has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €32,538. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2025
Profitability41▲+27
Solvency72▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity short (current ratio 0.67; short-term debt: 42.6% and cash: 7.1% of total assets), and 52.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.1%
Return on assets
1.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-03-2026, 144 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
144 d early
2025
10 d early
2023
86 d early
2022
56 d early
2021
80 d early
2020
24 d early
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 66 days before the deadline; the sector median for financial year 2023 is 7 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.3m▲ 2.6%
2025 · €1.2m
Total assets
€2.7m▼ 6.5%
2025 · €2.9m
Net result
€32,538
2025 · -€109,092
Working capital
-€386,611▲ 30.8%
2025 · -€558,449
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320252025
Operating result€42,205-€126,095€56,101-€54,958-€66,976-
Net result€28,530within the sector's middle half▼ 95.6%€63,528within the sector's middle half▲ 123%€247,356above the sector's middle half▲ 289%-€109,092below the sector's middle half-€32,538within the sector's middle half-
Equity€1.0mabove the sector's middle half▲ 2.8%€1.1mwithin the sector's middle half▲ 6.1%€1.4mabove the sector's middle half▲ 22.3%€1.2mabove the sector's middle half-€1.3mabove the sector's middle half-
Total assets€2.3mabove the sector's middle half▼ 3.9%€2.6mwithin the sector's middle half▲ 13.0%€2.5mabove the sector's middle half▼ 4.7%€2.9mabove the sector's middle half-€2.7mabove the sector's middle half-
Debt€1.2m▼ 8.9%€1.5m▲ 18.9%€1.1m▼ 24.9%€1.7m-€1.4m-
Working capital-€335,743below the sector's middle half▼ 106%-€463,275below the sector's middle half▼ 38.0%-€96,014below the sector's middle half▲ 79.3%-€558,449below the sector's middle half--€386,611below the sector's middle half-
Solvency45.6%within the sector's middle half▲ 3.0pp42.7%within the sector's middle half▼ 2.8pp54.9%within the sector's middle half▲ 12.1pp42.9%within the sector's middle half-47.1%within the sector's middle half-
Current ratio0.32below the sector's middle half▼ 0.310.49below the sector's middle half▲ 0.180.78below the sector's middle half▲ 0.280.63within the sector's middle half-0.67within the sector's middle half-
Return on assets (ROA)1.2%below the sector's middle half▼ 25.9pp2.5%within the sector's middle half▲ 1.2pp10.0%within the sector's middle half▲ 7.6pp-3.8%below the sector's middle half-1.2%within the sector's middle half-
Staff (FTE)36.1above the sector's middle half-38.3above the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result +289% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €2.7m
Fixed assets
€1.9m ▼ 0.7%
Current assets
€769,340 ▼ 18.5%
Equity and liabilities €2.7m
Equity
€1.3m ▲ 2.6%
Debt
€1.4m ▼ 13.3%
Debt's share of the balance-sheet total falls from 57.1% to 52.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€80,340▲
2025 · -€19,454
Cash flow
€45,902▲
2025 · -€73,588
Debt to equity
1.12▼
2025 · 1.33
ROE
2.5%▲
2025 · -8.8%
Interest coverage
2.54▲
2025 · -0.38
Debt ≤ 1 year
€1.2m▼
2025 · €1.5m
Debt > 1 year
€280,319▲
2025 · €153,653
Income taxes
€4,909▼
2025 · €10,594
Staff costs
€1.2m▼
2025 · €3.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,639 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,360 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €2,861 | €579 | -€3 | €3.2m | €1.2m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €757 | €5,355 | €6,586 | €35,504 | €13,364 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,500 | €1,200 | €0 | - | €6,998 | - |
| Other operating charges640/8 | €1,031 | €2,911 | €2,674 | €5,968 | €998 | - |
| Non-recurring operating charges66A | - | - | - | €97,641 | - | - |
| Gross operating margin9900 | €49,354 | -€116,051 | €65,358 | €3.3m | €1.3m | - |
| Operating profit (loss)9901 | €42,205 | -€126,095 | €56,101 | -€54,958 | €66,976 | - |
| Financial income75/76B | €1,020 | €200,049 | €200,018 | €7,176 | €2,156 | - |
| Recurring financial income75 | €40 | €200,049 | €200,018 | €7,176 | €2,156 | - |
| Non-recurring financial income76B | €981 | - | - | - | - | - |
| Financial charges65/66B | €14,106 | €9,800 | €7,995 | €50,716 | €31,685 | - |
| Recurring financial charges65 | €14,106 | €9,800 | €7,995 | €50,716 | €31,685 | - |
| Profit (loss) for the period before taxes9903 | €29,120 | €64,154 | €248,124 | -€98,498 | €37,447 | - |
| Income taxes67/77 | €590 | €626 | €768 | €10,594 | €4,909 | - |
| Profit (loss) for the period9904 | €28,530 | €63,528 | €247,356 | -€109,092 | €32,538 | - |
| Profit (loss) for the period to be appropriated9905 | €28,530 | €63,528 | €247,356 | -€109,092 | €32,538 | - |
| Line | 2021 | 2022 | 2023 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.6m | €2.5m | €2.9m | €2.7m | - |
| Formation expenses20 | €879 | €279 | €0 | - | - | - |
| Fixed assets21/28 | €2.1m | €2.1m | €2.1m | €2.0m | €1.9m | - |
| Intangible fixed assets21 | - | €8,109 | €4,776 | €1.8m | €1.8m | - |
| Tangible fixed assets22/27 | €23,868 | €22,969 | €19,995 | €148,300 | €134,935 | - |
| Plant, machinery and equipment23 | - | - | - | €6,111 | €4,747 | - |
| Furniture and vehicles24 | €23,868 | €22,969 | €19,995 | €38,880 | €35,848 | - |
| Other tangible fixed assets26 | - | - | - | €103,308 | €94,341 | - |
| Financial fixed assets28 | €2.1m | €2.1m | €2.1m | €3,000 | €3,000 | - |
| Current assets29/58 | €155,308 | €447,925 | €331,444 | €944,418 | €769,340 | - |
| Amounts receivable after more than one year29 | - | - | €100,000 | - | - | - |
| Trade receivables290 | - | - | €100,000 | - | - | - |
| Amounts receivable within one year40/41 | €62,726 | €365,903 | €188,183 | €711,507 | €487,712 | - |
| Trade receivables40 | €62,719 | €155,543 | €188,105 | €663,046 | €406,426 | - |
| Other amounts receivable41 | €7 | €210,360 | €77 | €48,461 | €81,286 | - |
| Cash at bank and in hand54/58 | €68,377 | €79,775 | €42,646 | €159,640 | €193,899 | - |
| Deferred charges and accrued income490/1 | €24,205 | €2,247 | €615 | €73,271 | €87,730 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.6m | €2.5m | €2.9m | €2.7m | - |
| Equity10/15 | €1.0m | €1.1m | €1.4m | €1.2m | €1.3m | - |
| Contributions10/11 | €378,000 | €378,000 | €378,000 | €378,000 | €378,000 | - |
| Reserves13 | €653,000 | €728,000 | €973,000 | €868,682 | €901,220 | - |
| Distributable reserves133 | €653,000 | €728,000 | €973,000 | €868,682 | €901,220 | - |
| Profit (loss) carried forward14 | €13,891 | €2,419 | €4,775 | - | - | - |
| Amounts payable17/49 | €1.2m | €1.5m | €1.1m | €1.7m | €1.4m | - |
| Amounts payable after more than one year17 | €757,778 | €573,328 | €686,807 | €153,653 | €280,319 | - |
| Financial debts170/4 | €757,778 | €573,328 | €686,807 | €153,653 | €30,319 | - |
| Other amounts payable178/9 | - | - | - | - | €250,000 | - |
| Amounts payable within one year42/48 | €491,051 | €911,200 | €427,457 | €1.5m | €1.2m | - |
| Current portion of amounts payable after more than one year42 | €182,401 | €184,450 | €186,521 | €244,010 | €245,779 | - |
| Financial debts43 | €0 | - | - | €455,344 | €250,890 | - |
| Credit institutions430/8 | €0 | - | - | €455,344 | €250,890 | - |
| Trade debts44 | €12,401 | €140,528 | €81,945 | €328,335 | €195,752 | - |
| Suppliers440/4 | €12,401 | €140,528 | €81,945 | €328,335 | €195,752 | - |
| Advances received on contracts in progress46 | €8,011 | €5,771 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €987 | €1,486 | €28,191 | €475,177 | €413,530 | - |
| Taxes450/3 | €987 | €1,486 | €28,191 | €54,932 | €100,134 | - |
| Remuneration and social security454/9 | - | - | - | €420,245 | €313,396 | - |
| Other amounts payable47/48 | €287,250 | €578,966 | €130,801 | - | €50,000 | - |
| Accrued charges and deferred income492/3 | €0 | - | - | €1,239 | €510 | - |
| Line | 2021 | 2022 | 2023 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,530 | €63,528 | €247,356 | -€109,092 | €32,538 | - |
| + Depreciation and write-downs630 | €757 | €5,355 | €6,586 | €35,504 | €13,364 | - |
| Operating cash flow (approximation) | €29,287 | €68,882 | €253,942 | -€73,588 | €45,902 | - |
| Investment in fixed assets (approximation) | - | -€12,565 | -€439 | - | - | - |
| Change in cash | - | €11,398 | -€37,129 | - | - | - |
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
2026
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €32,538
Net result €32,538 after one loss-making year.
30-06
Financial
Weakest financial yearnet -€109,092
Net result drops to -€109,092, the lowest in the series; recovery starts the following year.
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €646,916
Net result €646,916 after one loss-making year.
31-12
Financial
Equity above €1mEq €1.0m ▲2,352%
Equity rises from €41,444 to €1.0m.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Gent · 1 establishment unit since 2018
Ground area
774 m²
Building footprint
282 m²
Volume, LiDAR
1,849 m³
Parcel 44062B0056/00K000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Fin Forward
since 20182.359.237.463
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062B0056/00K000 ProtectedMonument · Townscape or village viewStationsgebouw Sint-Denijs-Westrem: hoofdgebouw en rechter bijgebouwSource ↗ |
Flanders | 774 m² | 1 · 282 m² | 11.8 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerOwners 1
-
20.91%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,940 EUR awarded · 1,940 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,484 EUR | 1,484 EUR |
| 2023 | 1 | 126 EUR | 126 EUR |
| 2022 | 1 | 330 EUR | 330 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
64888V0369K7I5OHBJ26
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 25,177 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
Founded25-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Website
www.finforward.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0712584368
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.