FINAKO
ActiveSummary
The computed 12-month bankruptcy probability of FINAKO is 5.2% (elevated). The 2024 annual accounts show equity of €3k and a net result of €1k. Its solvency ranks better than 30% of 18936 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-1
Solvency30▲+2
Growth52
Track record94
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.72 against 0.81 in 2023; short-term debt: 95.4% and cash: 13.5% of total assets), and 95.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
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 2024Solvency, return and age of the figures
Solvency
4.6%
Return on assets
2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-11-2025, 106 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
106 d late
2023
77 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€3k▲ 78.3%
2023 · €2k
2023: €2k
2024: €3k▲ +78.3% vs 2023
2023 → 2024
Total assets
€69k▲ 9.5%
2023 · €63k
2023: €63k
2024: €69k▲ +9.5% vs 2023
2023 → 2024
Net result
€1k▼ 21.7%
2023 · €2k
2023: €2k
2024: €1k▼ -21.7% vs 2023
2023 → 2024
Working capital
€-19k▼ 64.0%
2023 · €-11k
2023: €-11k
2024: €-19k▼ -64.0% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€2k-€3k▲ 78.3%
2023: €2k
2024: €3k▲ +78.3% vs 2023
Operating result€2k-€5k▲ 112%
2023: €2k
2024: €5k▲ +112% vs 2023
Net result€2k-€1k▼ 21.7%
2023: €2k
2024: €1k▼ -21.7% 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 rises in 2024; 2024 is 112% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €69k
Fixed assets
€22k ▲ 61.8%
Current assets
€47k ▼ 4.8%
Equity and liabilities €69k
Equity
€3k ▲ 78.3%
Debt
€66k ▲ 7.5%
Debt's share of the balance-sheet total falls from 97.2% to 95.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10k▲
2023 · €5k
Cash flow
€6k▲
2023 · €4k
Current ratio
0.72▼
2023 · 0.81
Quick ratio
0.55▼
2023 · 0.73
Debt to equity
20.58▼
2023 · 34.14
ROE
43.9%▼
2023 · 100.0%
ROA
2.0%▼
2023 · 2.8%
Interest coverage
6.80▼
2023 · 22.33
Debt ≤ 1 year
€66k▲
2023 · €61k
Income taxes
€2k▲
2023 · €482
Staff costs
€136k▲
2023 · €23k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€63k€69k▲
Fixed assets21/28€14k€22k▲
Tangible fixed assets22/27€14k€22k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24-€11k
Other tangible fixed assets26€14k€10k▼
Current assets29/58€49k€47k▼
Stocks and contracts in progress3€5k€11k▲
Stocks30/36€5k€11k▲
Amounts receivable within one year40/41€13k€27k▲
Trade receivables40€13k€23k▲
Other amounts receivable41-€4k
Cash at bank and in hand54/58€31k€9k▼
Equity and liabilities
Total equity and liabilities10/49€63k€69k▲
Equity10/15€2k€3k▲
Reserves13-€3k
Distributable reserves133-€3k
Profit (loss) carried forward14€2k-
Amounts payable17/49€61k€66k▲
Amounts payable within one year42/48€61k€66k▲
Trade debts44€23k€27k▲
Suppliers440/4€23k€27k▲
Taxes, remuneration and social security45€31k€38k▲
Taxes450/3€18k€14k▼
Remuneration and social security454/9€13k€24k▲
Other amounts payable47/48€6k-
Accrued charges and deferred income492/3€341-
Income statement
Code20232024
Remuneration, social security and pensions62€23k€136k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€384€3k▲
Gross operating margin9900€29k€149k▲
Operating profit (loss)9901€2k€5k▲
Financial charges65/66B€221€1k▲
Recurring financial charges65€221€1k▲
Profit (loss) for the period before taxes9903€2k€4k▲
Income taxes67/77€482€2k▲
Profit (loss) for the period9904€2k€1k▼
Profit (loss) for the period to be appropriated9905€2k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€3k▲
Profit (loss) brought forward from the previous period14P-€2k
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €23k | €136k | ▲ 479% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €5k | ▲ 99.8% |
| Other operating charges640/8 | €384 | €3k | ▲ 759% |
| Gross operating margin9900 | €29k | €149k | ▲ 419% |
| Operating profit (loss)9901 | €2k | €5k | ▲ 112% |
| Financial charges65/66B | €221 | €1k | ▲ 577% |
| Recurring financial charges65 | €221 | €1k | ▲ 577% |
| Profit (loss) for the period before taxes9903 | €2k | €4k | ▲ 67.1% |
| Income taxes67/77 | €482 | €2k | ▲ 396% |
| Profit (loss) for the period9904 | €2k | €1k | ▼ 21.7% |
| Profit (loss) for the period to be appropriated9905 | €2k | €1k | ▼ 21.7% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €63k | €69k | ▲ 9.5% |
| Fixed assets21/28 | €14k | €22k | ▲ 61.8% |
| Tangible fixed assets22/27 | €14k | €22k | ▲ 61.8% |
| Plant, machinery and equipment23 | - | €1k | - |
| Furniture and vehicles24 | - | €11k | - |
| Other tangible fixed assets26 | €14k | €10k | ▼ 23.6% |
| Current assets29/58 | €49k | €47k | ▼ 4.8% |
| Stocks and contracts in progress3 | €5k | €11k | ▲ 123% |
| Stocks30/36 | €5k | €11k | ▲ 123% |
| Amounts receivable within one year40/41 | €13k | €27k | ▲ 98.2% |
| Trade receivables40 | €13k | €23k | ▲ 69.5% |
| Other amounts receivable41 | - | €4k | - |
| Cash at bank and in hand54/58 | €31k | €9k | ▼ 69.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €63k | €69k | ▲ 9.5% |
| Equity10/15 | €2k | €3k | ▲ 78.3% |
| Reserves13 | - | €3k | - |
| Distributable reserves133 | - | €3k | - |
| Profit (loss) carried forward14 | €2k | - | - |
| Amounts payable17/49 | €61k | €66k | ▲ 7.5% |
| Amounts payable within one year42/48 | €61k | €66k | ▲ 8.1% |
| Trade debts44 | €23k | €27k | ▲ 16.6% |
| Suppliers440/4 | €23k | €27k | ▲ 16.6% |
| Taxes, remuneration and social security45 | €31k | €38k | ▲ 23.8% |
| Taxes450/3 | €18k | €14k | ▼ 20.2% |
| Remuneration and social security454/9 | €13k | €24k | ▲ 82.3% |
| Other amounts payable47/48 | €6k | - | - |
| Accrued charges and deferred income492/3 | €341 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €1k | ▼ 21.7% |
| + Depreciation and write-downs630 | €2k | €5k | ▲ 99.8% |
| Operating cash flow (approximation) | €4k | €6k | ▲ 48.4% |
| Investment in fixed assets (approximation) | - | €-13k | - |
| Change in cash | - | €-22k | - |
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
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 106 days late
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
NBB filing
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.
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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, Hasselt · 1 establishment unit since 2023
Ground area
2,414 m²
Building footprint
643 m²
Volume, LiDAR
8,886 m³
Parcel 71022H1407/00T000, Flanders · tallest building 20.1 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
FINAKO
since 20232.343.908.691
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1407/00T000 | Flanders | 2,414 m² | 1 · 643 m² | 20.1 m · 5 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.
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 4,086 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
Founded28-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.