FINACCON
ActiveSummary
For FINACCON, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €86k and a net result of €4k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 74% of 13938 sector peers (fiscal year 2023). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability73▲+60
Solvency100▲+52
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2023Solvency, return and age of the figures
Solvency
77.2%
Return on assets
3.7%
Age of the figures
33 mo
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
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 deadline25-09-2026 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 17-12-2024, 139 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
139 d late
2022
87 d late
2021
78 d late
2020
89 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€86k▲ 5.0%
2022 · €82k
2018: €84k
2019: €91k▲ +8.2% vs 2018
2020: €108k▲ +18.8% vs 2019highest in 6 years
2021: €99k▼ -8.6% vs 2020
2022: €82k▼ -17.3% vs 2021lowest in 6 years
2023: €86k▲ +5.0% vs 2022
2018 → 2023
Total assets
€111k▼ 68.0%
2022 · €347k
2018: €347k
2019: €252k▼ -27.3% vs 2018
2020: €266k▲ +5.4% vs 2019
2021: €357k▲ +34.2% vs 2020highest in 6 years
2022: €347k▼ -2.7% vs 2021
2023: €111k▼ -68.0% vs 2022lowest in 6 years
2018 → 2023
Net result
€4k
2022 · €-17k
2018: €122
2019: €7k▲ +5573% vs 2018
2020: €29k▲ +320% vs 2019highest in 6 years
2021: €-9k▼ -132% vs 2020
2022: €-17k▼ -83.6% vs 2021lowest in 6 years
2023: €4k▲ +124% vs 2022
2018 → 2023
Working capital
€76k▼ 67.1%
2022 · €230k
2018: €261khighest in 6 years
2019: €187k▼ -28.5% vs 2018
2020: €127k▼ -32.0% vs 2019
2021: €96k▼ -24.5% vs 2020
2022: €230k▲ +140% vs 2021
2023: €76k▼ -67.1% vs 2022lowest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€91k-€108k▲ 18.8%€99k▼ 8.6%€82k▼ 17.3%€86k▲ 5.0%
2019: €91k
2020: €108k▲ +18.8% vs 2019highest in 5 years
2021: €99k▼ -8.6% vs 2020
2022: €82k▼ -17.3% vs 2021lowest in 5 years
2023: €86k▲ +5.0% vs 2022
Operating result€21k-€46k▲ 117%€9k▼ 81.1%€-25k€8k
2019: €21k
2020: €46k▲ +117% vs 2019highest in 5 years
2021: €9k▼ -81.1% vs 2020
2022: €-25k▼ -383% vs 2021lowest in 5 years
2023: €8k▲ +133% vs 2022
Net result€7k-€29k▲ 320%€-9k€-17k▼ 83.6%€4k
2019: €7k
2020: €29k▲ +320% vs 2019highest in 5 years
2021: €-9k▼ -132% vs 2020
2022: €-17k▼ -83.6% vs 2021lowest in 5 years
2023: €4k▲ +124% vs 2022
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 2023: €8k after a loss of €25k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €111k
Fixed assets
€10k ▲ 356%
Current assets
€101k ▼ 70.9%
Equity and liabilities €111k
Equity
€86k ▲ 5.0%
Debt
€25k ▼ 90.5%
Debt's share of the balance-sheet total falls from 76.5% to 22.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▲
2022 · €-24k
Cash flow
€5k▲
2022 · €-16k
Current ratio
4.04▲
2022 · 2.99
Debt to equity
0.30▼
2022 · 3.26
ROE
4.8%▲
2022 · -21.0%
ROA
3.7%▲
2022 · -4.9%
Interest coverage
6.65▲
2022 · -33.70
Debt ≤ 1 year
€25k▼
2022 · €115k
Income taxes
€6k▲
2022 · €627
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 51 lines
Balance sheet
Code20222023
Assets
Total assets20/58€347k€111k▼
Fixed assets21/28€2k€10k▲
Tangible fixed assets22/27€2k€10k▲
Land and buildings22-€1k
Plant, machinery and equipment23€427€262▼
Furniture and vehicles24€2k€9k▲
Current assets29/58€345k€101k▼
Amounts receivable after more than one year29€113k-
Other amounts receivable291€113k-
Amounts receivable within one year40/41€227k€97k▼
Trade receivables40€45k€71k▲
Other amounts receivable41€181k€25k▼
Cash at bank and in hand54/58€5k€4k▼
Deferred charges and accrued income490/1€895-
Equity and liabilities
Total equity and liabilities10/49€347k€111k▼
Equity10/15€82k€86k▲
Contributions10/11€120k€120k=
Reserves13€2k€6k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€4k
Profit (loss) carried forward14€-40k€-40k=
Amounts payable17/49€266k€25k▼
Amounts payable after more than one year17€150k-
Financial debts170/4€150k-
Amounts payable within one year42/48€115k€25k▼
Financial debts43€4k€2k▼
Credit institutions430/8€4k€2k▼
Trade debts44€56k€21k▼
Suppliers440/4€56k€21k▼
Taxes, remuneration and social security45€26k€2k▼
Taxes450/3€26k€2k▼
Other amounts payable47/48€30k-
Accrued charges and deferred income492/3€460€460=
Income statement
Code20222023
Non-recurring operating income76A€8k€12k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€931€1k▲
Other operating charges640/8€1k€562▼
Gross operating margin9900€-23k€10k▲
Operating profit (loss)9901€-25k€8k▲
Financial income75/76B€9k€3k▼
Recurring financial income75€9k€3k▼
Financial charges65/66B€709€1k▲
Recurring financial charges65€709€1k▲
Profit (loss) for the period before taxes9903€-16k€10k▲
Income taxes67/77€627€6k▲
Profit (loss) for the period9904€-17k€4k▲
Profit (loss) for the period to be appropriated9905€-17k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-36k▲
Profit (loss) brought forward from the previous period14P€-23k€-40k▼
Transfer to equity691/2-€4k
To other reserves6921-€4k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €363 | €8k | €12k | ▲ 60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €830 | €931 | €1k | ▲ 9.5% |
| Other operating charges640/8 | - | - | €13k | €1k | €562 | ▼ 53.9% |
| Gross operating margin9900 | €30k | €81k | €23k | €-23k | €10k | ▲ 143% |
| Operating profit (loss)9901 | €21k | €46k | €9k | €-25k | €8k | ▲ 133% |
| Financial income75/76B | - | - | €8k | €9k | €3k | ▼ 67.4% |
| Recurring financial income75 | €3k | €2k | €8k | €9k | €3k | ▼ 67.4% |
| Financial charges65/66B | - | - | €11k | €709 | €1k | ▲ 94.3% |
| Recurring financial charges65 | €1k | €618 | €11k | €709 | €1k | ▲ 94.3% |
| Profit (loss) for the period before taxes9903 | €11k | €36k | €6k | €-16k | €10k | ▲ 159% |
| Income taxes67/77 | €4k | €7k | €15k | €627 | €6k | ▲ 795% |
| Profit (loss) for the period9904 | €7k | €29k | €-9k | €-17k | €4k | ▲ 124% |
| Profit (loss) for the period to be appropriated9905 | €7k | €29k | €-9k | €-17k | €4k | ▲ 124% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €252k | €266k | €357k | €347k | €111k | ▼ 68.0% |
| Fixed assets21/28 | €7k | €3k | €3k | €2k | €10k | ▲ 356% |
| Tangible fixed assets22/27 | €4k | €3k | €3k | €2k | €10k | ▲ 356% |
| Land and buildings22 | - | - | - | - | €1k | - |
| Plant, machinery and equipment23 | - | - | €592 | €427 | €262 | ▼ 38.6% |
| Furniture and vehicles24 | - | - | €3k | €2k | €9k | ▲ 388% |
| Financial fixed assets28 | €3k | - | - | - | - | - |
| Current assets29/58 | €245k | €263k | €354k | €345k | €101k | ▼ 70.9% |
| Amounts receivable after more than one year29 | - | - | €138k | €113k | - | - |
| Other amounts receivable291 | - | - | €138k | €113k | - | - |
| Amounts receivable within one year40/41 | €147k | €186k | €212k | €227k | €97k | ▼ 57.4% |
| Trade receivables40 | - | - | €92k | €45k | €71k | ▲ 58.0% |
| Other amounts receivable41 | - | - | €120k | €181k | €25k | ▼ 86.2% |
| Cash at bank and in hand54/58 | €11k | €14k | €3k | €5k | €4k | ▼ 15.9% |
| Deferred charges and accrued income490/1 | - | - | €732 | €895 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €252k | €266k | €357k | €347k | €111k | ▼ 68.0% |
| Equity10/15 | €91k | €108k | €99k | €82k | €86k | ▲ 5.0% |
| Contributions10/11 | €120k | - | €120k | €120k | €120k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €6k | ▲ 206% |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | - | - | €4k | - |
| Profit (loss) carried forward14 | €-31k | €-14k | €-23k | €-40k | €-40k | = |
| Amounts payable17/49 | €162k | €158k | €258k | €266k | €25k | ▼ 90.5% |
| Amounts payable after more than one year17 | €4k | €2k | - | €150k | - | - |
| Financial debts170/4 | - | - | - | €150k | - | - |
| Amounts payable within one year42/48 | €59k | €136k | €258k | €115k | €25k | ▼ 78.4% |
| Financial debts43 | - | - | €6k | €4k | €2k | ▼ 39.5% |
| Credit institutions430/8 | - | - | €6k | €4k | €2k | ▼ 39.5% |
| Trade debts44 | €38k | €81k | €166k | €56k | €21k | ▼ 62.7% |
| Suppliers440/4 | - | - | €166k | €56k | €21k | ▼ 62.7% |
| Taxes, remuneration and social security45 | - | - | €72k | €26k | €2k | ▼ 92.8% |
| Taxes450/3 | - | - | €72k | €26k | €2k | ▼ 92.8% |
| Other amounts payable47/48 | - | - | €14k | €30k | - | - |
| Accrued charges and deferred income492/3 | - | - | €512 | €460 | €460 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €29k | €-9k | €-17k | €4k | ▲ 124% |
| + Depreciation and write-downs630 | €4k | €4k | €830 | €931 | €1k | ▲ 9.5% |
| Operating cash flow (approximation) | €11k | €33k | €-8k | €-16k | €5k | ▲ 132% |
| Investment in fixed assets (approximation) | - | €-525 | €-555 | €0 | €-9k | - |
| Change in cash | - | €3k | €-10k | €1k | €-756 | ▼ 158% |
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
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 139 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.99
Current ratio from 1.37 to 2.99; short-term debt falls from €258k to €115k.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Highest result since 2018net €29k ▲320%
Operating result €46k, net result €29k, both a record.
31-12
Financial
Equity above €100kEq €108k ▲18.8%
3 profitable years in a row build equity to €108k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
16-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 320 days late
Show earlier events
2017
13-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 105 days late
13-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 470 days late
2015
10-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 41 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Kortrijk · 1 establishment unit since 2009
Ground area
284 m²
Building footprint
114 m²
Parcel 34353B0008/00X000, Flanders. Linked by address, not a title deed.
1 establishment unit
FINACCON
since 20092.184.768.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0008/00X000 | Flanders | 284 m² | 1 · 113 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 176 EUR awarded · 176 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 176 EUR | 176 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,267 companies in sector 69209 we hold annual accounts for 1,098. 847 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
Founded10-06-2009
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
info@finaccon.be
Phone
056.42.41.22
Fax
056.42.64.86
Scores and ratios are computed by Checked and are not a credit decision.