FIN Solutions

Active

Private limited companyfounded 20223 yrs activeSpanjestraat 15, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0793.458.515

Summary

The computed 12-month bankruptcy probability of FIN Solutions is 4.8% (elevated). The 2024 annual accounts show equity of €45k and a net result of €6k. Its solvency ranks better than 78% of 9982 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

FIN SolutionsActiveChecked score 59/100

Risk analysis Report Compare

Checked score

Score 2024

59 / 100

Fair

An elevated bankruptcy probability caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability81▼-19

Solvency94▲+17

Growth52

Track record94

Bankruptcy probability, 12 months

4.8% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days only on tighter terms

Liquidity ample (current ratio 2.97 against 2.57 in 2023; short-term debt: 30.3% and cash: 5.4% of total assets), and 30.7% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Construction of residential and non-residential buildings (NACE 41)

about 67% more bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

69.3%

Return on assets

9.6%

Age of the figures

24 mo

Annual accounts not filed

The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 148 days later.

NBB · 2 filings

Position against the passed deadline

30-09-2025 close30-04-2026 deadline25-09-2026 today

Filed after the deadline

The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 08-05-2025, 8 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 · 2 filings

Deviation from the deadline

2025

not filed

2024

8 d late

2023

1 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€45k▲ 16.1%

2023 · €39k

2023: €39k 2024: €45k▲ +16.1% vs 2023

2023 → 2024

Total assets

€65k▼ 12.1%

2023 · €74k

2023: €74k 2024: €65k▼ -12.1% vs 2023

2023 → 2024

Net result

€6k▼ 85.7%

2023 · €44k

2023: €44k 2024: €6k▼ -85.7% vs 2023

2023 → 2024

Working capital

€39k▼ 4.6%

2023 · €41k

2023: €41k 2024: €39k▼ -4.6% vs 2023

2023 → 2024

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€39k-€45k▲ 16.1% 2023: €39k 2024: €45k▲ +16.1% vs 2023

Operating result€54k-€8k▼ 85.1% 2023: €54k 2024: €8k▼ -85.1% vs 2023

Net result€44k-€6k▼ 85.7% 2023: €44k 2024: €6k▼ -85.7% vs 2023

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 85% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €65k

10%

89.9%

Fixed assets €7k ▼ 12.0%

Current assets €58k ▼ 12.1%

Equity and liabilities €65k

69.3%

30.7%

Equity €45k ▲ 16.1%

Debt €20k ▼ 43.1%

Debt's share of the balance-sheet total falls from 47.5% to 30.7%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€11k▼

2023 · €55k

Cash flow

€9k▼

2023 · €45k

Current ratio

2.97▲

2023 · 2.57

Debt to equity

0.44▼

2023 · 0.91

ROE

13.9%▼

2023 · 112.9%

ROA

9.6%▼

2023 · 59.3%

Interest coverage

66.02▼

2023 · 16790.96

Debt ≤ 1 year

€20k▼

2023 · €26k

Income taxes

€2k▼

2023 · €11k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines

Balance sheet Code20232024

Assets

Total assets20/58€74k€65k▼

Fixed assets21/28€7k€7k▼

Tangible fixed assets22/27€7k€7k▼

Furniture and vehicles24€7k€7k▼

Current assets29/58€66k€58k▼

Amounts receivable within one year40/41€52k€55k▲

Trade receivables40€40k€41k▲

Other amounts receivable41€12k€14k▲

Cash at bank and in hand54/58€13k€3k▼

Deferred charges and accrued income490/1€741-

Equity and liabilities

Total equity and liabilities10/49€74k€65k▼

Equity10/15€39k€45k▲

Contributions10/11€5k€5k=

Reserves13€20k€25k▲

Distributable reserves133€20k€25k▲

Profit (loss) carried forward14€14k€15k▲

Amounts payable17/49€35k€20k▼

Amounts payable within one year42/48€26k€20k▼

Trade debts44€3k€11k▲

Suppliers440/4€3k€11k▲

Taxes, remuneration and social security45€13k€9k▼

Taxes450/3€11k€9k▼

Remuneration and social security454/9€2k-

Other amounts payable47/48€10k-

Accrued charges and deferred income492/3€9k€306▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€850€3k▲

Other operating charges640/8€677€1k▲

Gross operating margin9900€55k€13k▼

Operating profit (loss)9901€54k€8k▼

Financial income75/76B€477€684▲

Recurring financial income75€477€684▲

Financial charges65/66B€3€170▲

Recurring financial charges65€3€170▲

Profit (loss) for the period before taxes9903€54k€9k▼

Income taxes67/77€11k€2k▼

Profit (loss) for the period9904€44k€6k▼

Profit (loss) for the period to be appropriated9905€44k€6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€44k€20k▼

Profit (loss) brought forward from the previous period14P-€14k

Transfer to equity691/2€20k€5k▼

To other reserves6921€20k€5k▼

Profit to be distributed694/7€10k-

Directors or managers695€10k-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2023	2024	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€850	€3k	▲ 280%
Other operating charges640/8	€677	€1k	▲ 118%
Gross operating margin9900	€55k	€13k	▼ 77.0%
Operating profit (loss)9901	€54k	€8k	▼ 85.1%
Financial income75/76B	€477	€684	▲ 43.4%
Recurring financial income75	€477	€684	▲ 43.4%
Financial charges65/66B	€3	€170	▲ 5,134%
Recurring financial charges65	€3	€170	▲ 5,134%
Profit (loss) for the period before taxes9903	€54k	€9k	▼ 84.3%
Income taxes67/77	€11k	€2k	▼ 78.2%
Profit (loss) for the period9904	€44k	€6k	▼ 85.7%
Profit (loss) for the period to be appropriated9905	€44k	€6k	▼ 85.7%

Line	2023	2024	Change
Assets
Total assets20/58	€74k	€65k	▼ 12.1%
Fixed assets21/28	€7k	€7k	▼ 12.0%
Tangible fixed assets22/27	€7k	€7k	▼ 12.0%
Furniture and vehicles24	€7k	€7k	▼ 12.0%
Current assets29/58	€66k	€58k	▼ 12.1%
Amounts receivable within one year40/41	€52k	€55k	▲ 4.8%
Trade receivables40	€40k	€41k	▲ 2.8%
Other amounts receivable41	€12k	€14k	▲ 11.2%
Cash at bank and in hand54/58	€13k	€3k	▼ 73.7%
Deferred charges and accrued income490/1	€741	-	-
Equity and liabilities
Total equity and liabilities10/49	€74k	€65k	▼ 12.1%
Equity10/15	€39k	€45k	▲ 16.1%
Contributions10/11	€5k	€5k	=
Reserves13	€20k	€25k	▲ 25.0%
Distributable reserves133	€20k	€25k	▲ 25.0%
Profit (loss) carried forward14	€14k	€15k	▲ 9.0%
Amounts payable17/49	€35k	€20k	▼ 43.1%
Amounts payable within one year42/48	€26k	€20k	▼ 23.9%
Trade debts44	€3k	€11k	▲ 223%
Suppliers440/4	€3k	€11k	▲ 223%
Taxes, remuneration and social security45	€13k	€9k	▼ 27.5%
Taxes450/3	€11k	€9k	▼ 13.7%
Remuneration and social security454/9	€2k	-	-
Other amounts payable47/48	€10k	-	-
Accrued charges and deferred income492/3	€9k	€306	▼ 96.7%

Line	2023	2024	Change
Profit (loss) for the period9904	€44k	€6k	▼ 85.7%
+ Depreciation and write-downs630	€850	€3k	▲ 280%
Operating cash flow (approximation)	€45k	€9k	▼ 78.8%
Investment in fixed assets (approximation)	-	€-2k	-
Change in cash	-	€-10k	-

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

All 2Filings 2

2025

08-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 8 days late

2024

29-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

NBB filing

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

3 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2022

seat establishment approximate The establishment unit on the map

Ground area

587 m²

Building footprint

285 m²

Volume, LiDAR

2,237 m³

2 parcels, Brussels, Flanders · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.

13 companies at this address See who is registered here

1 establishment unit

FIN Solutions

Mechelsestraat 45, 1840 LonderzeelGeneral construction of buildings

since 20222.338.059.987

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23045D0387/00C004	Flanders	528 m²	1 · 224 m²	12.2 m · 2 fl.
21013B0322/00X005	Brussels	59 m²	1 · 61 m²	17.1 m · 5 fl.

Linked by address, not proof of ownership

Good to know

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

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HEPICUR

BE 1015.053.728

Sint-Lambrechts-Woluwe · Eq €44,946

Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,004 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

Founded09-11-2022

Fiscal year end30-09

Activities, NACEBEL 2025

41001General construction of residential buildings

43120Site preparation

43211General electrical installation work

43221Plumbing work

43331Floor and wall tiling

43910Bricklaying and masonry work

Scores and ratios are computed by Checked and are not a credit decision.