FINABRA
ActiveSummary
FINABRA has been active since 1960 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.3m and a net result of -€75,642. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-1
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700,000 at 30 days acceptable
Liquidity short (current ratio 0.53; short-term debt: 1.5% and cash: 0.8% of total assets), and 1.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
98.3%
Return on assets
-0.7%
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 10-06-2026, 51 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
51 d early
2024
45 d early
2023
50 d early
2022
32 d early
2021
12 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 38 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€75,642▼ 432%
2024 · -€14,218
Working capital
-€78,438
2024 · €154,702
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
Line20212022202320242025
Operating result-€30,301▼ 8.0%-€31,650▼ 4.5%-€425,345▼ 1,244%-€13,848▲ 96.7%-€75,311▼ 444%
Net result-€32,098▼ 11.1%-€33,982▼ 5.9%€248,361-€14,218-€75,642▼ 432%
Equity€11.3m▼ 0.3%€11.3m▼ 0.3%€11.6m▲ 2.2%€11.5m▼ 0.1%€11.3m▼ 2.0%
Total assets€11.5m▼ 0.6%€11.4m▼ 0.3%€11.9m▲ 3.7%€11.6m▼ 2.4%€11.5m▼ 0.6%
Debt€117,494▼ 23.8%€113,507▼ 3.4%€288,731▲ 154%€22,560▼ 92.2%€190,921▲ 746%
Working capital-€63,699▼ 85.8%-€94,993▼ 49.1%€377,396€154,702▼ 59.0%-€78,438
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €75,311 in 2025 against €13,848 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.5m
Fixed assets
€11.4m =
Current assets
€88,482 ▼ 43.2%
Equity and liabilities €11.5m
Equity
€11.3m ▼ 2.0%
Debt
€190,921 ▲ 746%
Debt's share of the balance-sheet total rises from 0.2% to 1.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.53
Debt to equity
0.02▲
2024 · 0.00
ROE
-0.7%▼
2024 · -0.1%
ROA
-0.7%▼
2024 · -0.1%
Debt ≤ 1 year
€166,921▲
2024 · €1,062
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating charges60/66A | €30,301 | €31,650 | €425,345 | €13,848 | €75,311 | ▲ 444% |
| Services and other goods61 | €27,696 | €29,907 | €423,600 | €12,092 | €73,897 | ▲ 511% |
| Other operating charges640/8 | €2,604 | €1,744 | €1,746 | €1,756 | €1,414 | ▼ 19.4% |
| Operating profit (loss)9901 | -€30,301 | -€31,650 | -€425,345 | -€13,848 | -€75,311 | ▼ 444% |
| Financial income75/76B | - | - | €675,499 | - | - | - |
| Recurring financial income75 | - | - | €675,499 | - | - | - |
| Income from financial fixed assets750 | - | - | €675,499 | - | - | - |
| Financial charges65/66B | €1,797 | €2,331 | €1,793 | €370 | €331 | ▼ 10.6% |
| Recurring financial charges65 | €1,797 | €2,331 | €1,793 | €370 | €331 | ▼ 10.6% |
| Debt charges650 | €1,366 | €1,857 | €1,536 | €52 | - | - |
| Other financial charges652/9 | €431 | €474 | €257 | €318 | €331 | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | -€32,098 | -€33,982 | €248,361 | -€14,218 | -€75,642 | ▼ 432% |
| Profit (loss) for the period9904 | -€32,098 | -€33,982 | €248,361 | -€14,218 | -€75,642 | ▼ 432% |
| Profit (loss) for the period to be appropriated9905 | -€32,098 | -€33,982 | €248,361 | -€14,218 | -€75,642 | ▼ 432% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.5m | €11.4m | €11.9m | €11.6m | €11.5m | ▼ 0.6% |
| Fixed assets21/28 | €11.4m | €11.4m | €11.4m | €11.4m | €11.4m | = |
| Financial fixed assets28 | €11.4m | €11.4m | €11.4m | €11.4m | €11.4m | = |
| Affiliated companies280/1 | €11.4m | €11.4m | €11.4m | €11.4m | €11.4m | = |
| Participating interests280 | €11.4m | €11.4m | €11.4m | €11.4m | €11.4m | = |
| Current assets29/58 | €50,537 | €12,569 | €436,152 | €155,764 | €88,482 | ▼ 43.2% |
| Amounts receivable within one year40/41 | €3,610 | - | - | - | - | - |
| Trade receivables40 | €3,610 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €46,927 | €12,569 | €436,152 | €155,764 | €88,482 | ▼ 43.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.5m | €11.4m | €11.9m | €11.6m | €11.5m | ▼ 0.6% |
| Equity10/15 | €11.3m | €11.3m | €11.6m | €11.5m | €11.3m | ▼ 2.0% |
| Contributions10/11 | €6.9m | €6.9m | €6.9m | €6.9m | €6.9m | = |
| Capital10 | €6.9m | €6.9m | €6.9m | €6.9m | €6.9m | = |
| Issued capital100 | €6.9m | €6.9m | €6.9m | €6.9m | €6.9m | = |
| Reserves13 | €3.4m | €3.4m | €3.4m | €3.4m | €3.2m | ▼ 4.7% |
| Non-distributable reserves130/1 | €687,050 | €687,050 | €687,050 | €687,050 | €687,050 | = |
| Legal reserve130 | €687,050 | €687,050 | €687,050 | €687,050 | €687,050 | = |
| Distributable reserves133 | €2.7m | €2.7m | €2.7m | €2.7m | €2.5m | ▼ 6.0% |
| Profit (loss) carried forward14 | €1.1m | €1.1m | €1.3m | €1.3m | €1.2m | ▼ 5.8% |
| Amounts payable17/49 | €117,494 | €113,507 | €288,731 | €22,560 | €190,921 | ▲ 746% |
| Amounts payable within one year42/48 | €114,236 | €107,561 | €58,756 | €1,062 | €166,921 | ▲ 15,618% |
| Financial debts43 | €100,000 | €90,000 | - | - | - | - |
| Credit institutions430/8 | €100,000 | €90,000 | - | - | - | - |
| Trade debts44 | €14,236 | €17,561 | €58,756 | €1,062 | €6,921 | ▲ 552% |
| Suppliers440/4 | €14,236 | €17,561 | €58,756 | €1,062 | €6,921 | ▲ 552% |
| Other amounts payable47/48 | - | - | - | - | €160,000 | - |
| Accrued charges and deferred income492/3 | €3,258 | €5,946 | €229,974 | €21,498 | €24,000 | ▲ 11.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,098 | -€33,982 | €248,361 | -€14,218 | -€75,642 | ▼ 432% |
| Operating cash flow (approximation) | -€32,098 | -€33,982 | €248,361 | -€14,218 | -€75,642 | ▼ 432% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€34,358 | €423,584 | -€280,389 | -€67,281 | ▲ 76.0% |
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
13-07
State Gazette act
Reappointments: Géry van der Kelen, Isabelle van der Kelen and 2 others5 facts ▸
State Gazette act
Reappointments: Géry van der Kelen, Isabelle van der Kelen and 2 others
5 facts ▸
- General meeting, 26-05-2026
- Director reappointment, Géry van der Kelen (director)
- Director reappointment, Isabelle van der Kelen (director)
- Director reappointment, Manuela van der Kelen (director)
- Director reappointment, Diego van der Kelen (director)
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€75,642
Net result drops to -€75,642, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
31-12
Financial
Liquidity times 20current ratio 146.67
Current ratio from 7.42 to 146.67; short-term debt falls from €58,756 to €1,062.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €248,361
Net result €248,361 after 4 loss-making years.
31-12
Financial
Liquidity times 64current ratio 7.42
Current ratio from 0.12 to 7.42; short-term debt falls from €107,561 to €58,756.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
Show earlier events
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification
This board is reconstructed from a single act (26345104). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Diego van der Kelen
CurrentDirector
Géry van der Kelen
CurrentDirector
Isabelle van der Kelen
CurrentDirector
Manuela van der Kelen
CurrentDirector
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
13 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 1989
Ground area
1,524 m²
Building footprint
444 m²
Volume, LiDAR
4,792 m³
2 parcels, Brussels · tallest building 20.0 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FINABRA
since 19892.044.666.265
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0407/00W005 | Brussels | 1,471 m² | 1 · 401 m² | 15.1 m · 3 fl. |
| 21004A0412/00B000 | Brussels | 53 m² | 1 · 43 m² | 20.0 m · 6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
4 people since 2026, 4 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Diego van der Kelen |
|
| Géry van der Kelen |
|
| Isabelle van der Kelen |
|
| Manuela van der Kelen |
|
Structure & network
Owners and holdings
1 holding · 9 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
- BROUWERIJ-HANDELSMAATSCHAPPIJsubsidiaryEquity €97.1mResult -€12.1m81.88%
All subsidiaries, including indirect ones 9
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
BROUWERIJ-HANDELSMAATSCHAPPIJ 81.88%8 subsidiaries
- ANNE MERKPOEL 100%
- DE LEEUW BEHEERMAATSCHAPPIJ BVNL 100%
- ATLAS - Maatschappij voor LENINGEN EN VOORSCHOTTEN 99.99%
BROUWERIJ HAACHT 99.99%2 subsidiaries
- Microbrasserie D'OrleansCA 100%
- Het Brouwershof 99%
- INFRA 99.84%
- BRASSERIE DU COQ HARDIFR 80%
According to the 2025 annual accounts of FINABRA and those 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
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Identification & contact
Identification
Legal formPublic limited company
Founded15-02-1960
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.