Summary
Finad is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €53,581 and a net result of €7,893. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 5587 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 5587 sector peers (2025).
NBB · sector comparisonPosition among 5587 sector peers
Solvency
better than 21%
← weakest
strongest →
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
66 d early
2023
33 d early
2022
53 d early
2021
48 d early
2020
52 d early
2019
42 d late
← 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 35 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed 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 13 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€53,581▲ 17.3%
2024 · €45,689
Net result
€7,893
2024 · -€43,386
Total assets
€273,313=
2024 · €273,304
Solvency
19.6%▲ 2.9pp
2024 · 16.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€140€770▲ 449%-€6,232-€35,066▼ 463%-€6,765▲ 80.7%
Net result€4,406below the sector's middle half▼ 93.6%-€14,253below the sector's middle half€4,752below the sector's middle half-€43,386below the sector's middle half€7,893within the sector's middle half
Equity€98,576below the sector's middle half▲ 4.7%€84,323below the sector's middle half▼ 14.5%€89,075below the sector's middle half▲ 5.6%€45,689below the sector's middle half▼ 48.7%€53,581below the sector's middle half▲ 17.3%
Total assets€393,091below the sector's middle half▼ 16.1%€348,926below the sector's middle half▼ 11.2%€327,454below the sector's middle half▼ 6.2%€273,304below the sector's middle half▼ 16.5%€273,313below the sector's middle half=
Debt€294,515▼ 21.4%€264,603▼ 10.2%€238,379▼ 9.9%€227,615▼ 4.5%€219,732▼ 3.5%
Working capital€54,672within the sector's middle half€19,032within the sector's middle half▼ 65.2%€9,186within the sector's middle half▼ 51.7%-€8,638within the sector's middle half-€12,994within the sector's middle half▼ 50.4%
Solvency25.1%within the sector's middle half▲ 5.0pp24.2%below the sector's middle half▼ 0.9pp27.2%within the sector's middle half▲ 3.0pp16.7%below the sector's middle half▼ 10.5pp19.6%below the sector's middle half▲ 2.9pp
Current ratio2.71within the sector's middle half▲ 1.941.62within the sector's middle half▼ 1.091.32within the sector's middle half▼ 0.300.51within the sector's middle half▼ 0.820.44within the sector's middle half▼ 0.06
Return on assets (ROA)1.1%within the sector's middle half▼ 13.5pp-4.1%below the sector's middle half▼ 5.2pp1.5%within the sector's middle half▲ 5.5pp-15.9%below the sector's middle half▼ 17.3pp2.9%within the sector's middle half▲ 18.8pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,765 in 2025 against €35,066 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €273,313
Fixed assets
€263,046 ▼ 0.5%
Current assets
€10,267 ▲ 16.0%
Equity and liabilities €273,313
Equity
€53,581 ▲ 17.3%
Debt
€219,732 ▼ 3.5%
Debt's share of the balance-sheet total falls from 83.3% to 80.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
14.7%▲
2024 · -95.0%
Debt ≤ 1 year
€23,261▲
2024 · €17,490
Debt > 1 year
€191,472▼
2024 · €204,533
Income taxes
€81▲
2024 · -€66
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €12,598 | €8,500 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,427 | €11,664 | €11,664 | €36,757 | €11,691 | ▼ 68.2% |
| Other operating charges640/8 | €1,944 | €1,437 | €2,373 | €4,912 | €2,192 | ▼ 55.4% |
| Gross operating margin9900 | €16,511 | €13,870 | €7,805 | €6,602 | €7,118 | ▲ 7.8% |
| Operating profit (loss)9901 | €140 | €770 | -€6,232 | -€35,066 | -€6,765 | ▲ 80.7% |
| Financial income75/76B | €16,213 | €15,965 | €14,299 | €2,305 | €25,572 | ▲ 1,010% |
| Recurring financial income75 | €16,213 | €15,965 | €14,299 | €2,305 | €25,572 | ▲ 1,010% |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €11,598 | €30,888 | €3,315 | €10,691 | €10,833 | ▲ 1.3% |
| Recurring financial charges65 | €11,598 | €30,888 | €3,315 | €10,691 | €10,833 | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | €4,755 | -€14,153 | €4,752 | -€43,453 | €7,974 | ▲ 118% |
| Income taxes67/77 | €349 | €100 | €0 | -€66 | €81 | ▲ 223% |
| Profit (loss) for the period9904 | €4,406 | -€14,253 | €4,752 | -€43,386 | €7,893 | ▲ 118% |
| Transfer from tax-exempt reserves789 | €718 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €5,125 | -€14,253 | €4,752 | -€43,386 | €7,893 | ▲ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €393,091 | €348,926 | €327,454 | €273,304 | €273,313 | = |
| Fixed assets21/28 | €306,520 | €299,315 | €289,812 | €264,451 | €263,046 | ▼ 0.5% |
| Tangible fixed assets22/27 | €193,514 | €181,850 | €170,187 | €248,523 | €248,932 | ▲ 0.2% |
| Land and buildings22 | €192,782 | €181,264 | €169,747 | €248,230 | €248,786 | ▲ 0.2% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Other tangible fixed assets26 | €732 | €586 | €439 | €293 | €147 | ▼ 50.0% |
| Financial fixed assets28 | €113,006 | €117,464 | €119,625 | €15,928 | €14,114 | ▼ 11.4% |
| Current assets29/58 | €86,571 | €49,612 | €37,642 | €8,853 | €10,267 | ▲ 16.0% |
| Amounts receivable within one year40/41 | €82 | €479 | €307 | €97 | €10,257 | ▲ 10,526% |
| Trade receivables40 | €0 | - | - | - | - | - |
| Other amounts receivable41 | €82 | €479 | €307 | €97 | €10,257 | ▲ 10,526% |
| Current investments50/53 | €75,000 | €47,944 | €36,074 | €8,179 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €10,682 | €1,189 | €1,261 | €519 | €5 | ▼ 99.0% |
| Deferred charges and accrued income490/1 | €808 | €0 | - | €58 | €5 | ▼ 91.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €393,091 | €348,926 | €327,454 | €273,304 | €273,313 | = |
| Equity10/15 | €98,576 | €84,323 | €89,075 | €45,689 | €53,581 | ▲ 17.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €79,976 | €65,723 | €70,475 | €56,192 | €56,192 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €78,116 | €63,863 | €68,615 | €56,192 | €56,192 | = |
| Profit (loss) carried forward14 | €0 | - | - | -€29,104 | -€21,211 | ▲ 27.1% |
| Amounts payable17/49 | €294,515 | €264,603 | €238,379 | €227,615 | €219,732 | ▼ 3.5% |
| Amounts payable after more than one year17 | €259,985 | €231,718 | €206,658 | €204,533 | €191,472 | ▼ 6.4% |
| Financial debts170/4 | €204,985 | €176,718 | €151,658 | €134,533 | €121,472 | ▼ 9.7% |
| Other amounts payable178/9 | €55,000 | €55,000 | €55,000 | €70,000 | €70,000 | = |
| Amounts payable within one year42/48 | €31,899 | €30,579 | €28,457 | €17,490 | €23,261 | ▲ 33.0% |
| Current portion of amounts payable after more than one year42 | €27,516 | €28,267 | €25,060 | €17,126 | €14,125 | ▼ 17.5% |
| Trade debts44 | €768 | €189 | €421 | €104 | €986 | ▲ 847% |
| Suppliers440/4 | €768 | €189 | €421 | €104 | €986 | ▲ 847% |
| Taxes, remuneration and social security45 | €349 | €0 | €852 | €0 | - | - |
| Taxes450/3 | €349 | €0 | €852 | €0 | - | - |
| Other amounts payable47/48 | €3,267 | €2,124 | €2,124 | €260 | €8,150 | ▲ 3,031% |
| Accrued charges and deferred income492/3 | €2,630 | €2,306 | €3,264 | €5,593 | €4,999 | ▼ 10.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,406 | -€14,253 | €4,752 | -€43,386 | €7,893 | ▲ 118% |
| + Depreciation and write-downs630 | €14,427 | €11,664 | €11,664 | €36,757 | €11,691 | ▼ 68.2% |
| Operating cash flow (approximation) | €18,834 | -€2,590 | €16,416 | -€6,630 | €19,583 | ▲ 395% |
| Investment in fixed assets (approximation) | - | -€4,458 | -€2,161 | -€11,396 | -€10,286 | ▲ 9.7% |
| Change in cash | - | -€9,492 | €72 | -€742 | -€514 | ▲ 30.8% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €7,893
Net result €7,893 after one loss-making year.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€43,386
Net result drops to -€43,386, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €4,752
Net result €4,752 after one loss-making year.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 2.71
Current ratio from 0.77 to 2.71; short-term debt falls from €58,097 to €31,899.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €68,332 ▲46.1%
Net result €68,332, the highest in the series.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
Show earlier events
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Aarschot · 2 establishment units since 2014
Ground area
696 m²
Building footprint
288 m²
Volume, LiDAR
1,661 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
O. Vanden Eyndepad 12, 3200 Aarschot
since 20142.232.456.087
Crelan Haacht
since 20162.256.134.579
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24029C0049/00M002 | Flanders | 546 m² | 1 · 137 m² | 9.9 m · 2 fl. |
| 24033C0121/00E000 | Flanders | 151 m² | 1 · 151 m² | 10.1 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
49%
According to the 2025 annual accounts of Finad 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
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
DAPIVER
BE 0893.910.428
Schilde · Eq €53,578
SLN
BE 0655.884.306
Jemeppe-sur-Sambre · Eq €53,586
de Vries Retail Management
BE 0685.696.463
Maasmechelen · Eq €53,554
trabalabra
BE 0683.603.342
Antwerpen · Eq €53,545
Themos
BE 0782.583.231
Kalmthout · Eq €53,515
Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 10,634 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
Founded26-05-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
E-mail
nico.bruyninckx@telenet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0553630270
Also
9925:BE0553630270
Registered
09-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.