Inactive BE 0737.853.957Private limited companyOpen bankruptcy

Final Touch

Melbeekstraat 22 ·3500 Hasselt, Belgium

Sector: Floor and wall tiling (43331)

Conclusion Checked

A bankruptcy procedure is open for Final Touch according to publications in the Belgian State Gazette. The 2025 annual accounts show equity of €12k and a net result of €-61k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€12k
Net result	€-61k
Better than sector	18%
Locations	1

Financial profile 5 of 5 axes measured · computed by Checked

11 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 25

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

open bankruptcy

Score history

85 2021

79 2022

93 2023

85 2024

27 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.12 (≥ 1.0) +5

Quick ratio Quick ratio 1.12 (≥ 1.0) +5

Leverage Debt/equity 4.93 (> 3.0) -10

Profitability Negatieve ROE -510% -10

Interest coverage Interest coverage -3.9× (< 1.5×) -10

Profit trend Net profit down YoY -3

Bankruptcy Open bankruptcy -60

Computed by Checked from the NBB filing for FY 2025 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview6 NBB filings

Annual accounts filed on 06-08-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	16.9%	44.0%	better than 18% of 7448 sector peers
Net result	€-61k	€30k	better than 5% of 7444 sector peers
Equity	€12k	€276k	better than 10% of 7449 sector peers
Gross operating margin	€23k	€275k	better than 16% of 7433 sector peers
Staff costs	€14k	€244k	higher than 10% of 5368 sector peers

EBITDA

€-17k

- 21-25

Net profit

€-61k

- 21-25

Cash flow

€-61k

- 21-25

Total assets

€71k

-6.0% 21-25

Equity

€12k

-83.6% 21-25

Working capital

€7k

-81.9% 21-25

Staff costs

€14k

- 21-25

Income taxes

€39k

- 21-25

Debt

€59k

+2224.6% 21-25

Debt ≤ 1y

€59k

+2224.6% 21-25

Current ratio

1.12

-93.3% 21-25

Quick ratio

1.12

-93.3% 21-25

Solvency

16.9%

-82.6% 21-25

Debt / equity

4.93

+14080.5% 21-25

ROE

-510.0%

- 21-25

ROA

-86.0%

- 21-25

Interest coverage

-3.88

- 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€-17k	-	€18k	€10k	-
Net profit	€-61k	€10k	€11k	€3k	€15k
Cash flow	€-61k	-	€18k	€10k	-
Staff costs	€14k	-	-	-	-
Income taxes	€39k	-	-	-	-
Dividends	-	-	-	-	-
Total assets	€71k	€75k	€110k	€117k	€52k
Equity	€12k	€73k	€63k	€52k	€49k
Debt	€59k	€3k	€46k	€65k	€3k
of which ≤ 1y	€59k	€3k	€9k	€9k	€3k
of which > 1y	-	-	-	-	-
Working capital	€7k	€40k	€74k	€82k	€25k
Employees (FTE)	-	-	-	-	-

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	1.12	16.85	9.61	9.94	10.73
Quick ratio	1.12	16.85	9.61	9.94	10.73
Working capital ratio	10.3%	53.3%	67.1%	69.8%	47.8%
Solvency	16.9%	96.6%	57.6%	44.6%	95.1%
Debt / equity	4.93	0.03	0.74	1.24	0.05
Long-term debt ratio	-	-	-	-	-
Interest coverage	-3.88	-	-	48914.20	-
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	-86.0%	12.6%	9.9%	2.6%	28.6%
ROE	-510.0%	13.1%	17.2%	5.7%	30.1%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €5k · 6.6% Current assets €66k · 93.4%

Equity & liabilities

Equity €12k · 16.9% Debt €59k · 83.2%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€71k	€75k	€110k	€117k	€52k
Fixed assets	21/28	€5k	€33k	€28k	€26k	€25k
Intangible fixed assets	21	-	€2k	€3k	€3k	-
Tangible fixed assets	22/27	€1k	€27k	€21k	€20k	€25k
Financial fixed assets	28	€4k	€4k	€4k	€4k	-
Current assets	29/58	€66k	€43k	€82k	€91k	€27k
Amounts receivable within one year	40/41	€31k	€38k	€81k	€86k	€13k
Investments	50/53	-	-	-	-	€9k
Cash & bank	54/58	€12	€4k	€1k	€5k	€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€71k	€75k	€110k	€117k	€52k
Equity	10/15	€12k	€73k	€63k	€52k	€49k
Contributions / capital	10/11	€3k	€3k	€3k	€3k	€3k
Accumulated profits (losses)	14	€9k	€70k	€61k	€50k	€47k
Amounts payable	17/49	€59k	€3k	€46k	€65k	€3k
Amounts payable within one year	42/48	€59k	€3k	€9k	€9k	€3k
Trade debts payable within one year	44	€3k	€2k	€3k	€3k	€3k
Income statement
Gross operating margin	9900	€23k	€17k	€22k	€14k	€20k
Operating result	9901	€-18k	€10k	€11k	€3k	€15k
Financial charges	65	€4k	-	-	€0	-
Result before taxes	9903	€-22k	€10k	€11k	€3k	€15k
Income taxes	67/77	€39k	-	-	-	-
Net result for the period	9904	€-61k	€10k	€11k	€3k	€15k
Result to be appropriated	9905	€-61k	€10k	€11k	€3k	€15k

Directors & mandates1 person

Role	Name	Tenure
Curator	KATHLEEN VELKENEERS KASTEELSTRAAT 23B, 3840 TONGEREN-BORGLOON	26-08-2026 → present

Legal Structure

NACE primary	Floor and wall tiling(43331)
Legal form	Private limited company(610)
Incorporation	20-11-2019
Status	Inactive
Postal code	3500
First insolvency signal	01-09-2026
Latest insolvency signal	01-09-2026

Establishment units 1 location

Final Touch

Melbeekstraat 22, 3500 HasseltJoinery installation

since 20192.295.914.774

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71328D1280/00A002	Flanders	7,180 m²	1 · 4,747 m²	49.3 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

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

Updates 7 events

All 8Signals 1Financial 1Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

01-09

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · FINAL TOUCH BV MELBEEK- STRAAT 22, 3500 HASSELT · event 26-08-2026

06-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 6 days late

2025

31-12

Financial Weakest financial yearnet €-61k ▼740%

Net result drops to €-61k, the lowest in the series.

18-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 841 days late

13-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 74 days late

2024

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Lifecycle & Insolvency Signals1 events

01-09-2026

Bankruptcy Opening

Date: 26-08-2026 · Ondernemingsrechtbank Antwerpen, afdeling Hasselt · FINAL TOUCH BV MELBEEK- STRAAT 22, 3500 HASSELT · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

No credit: a bankruptcy procedure is open.

Company registry (CBE) Crossroads Bank

Activities

Floor and wall tiling43331Other specialised construction activities43990Specialised construction activities43995Full-service restaurants56101Full-service restaurants56111Contract catering and other food service activities56220Food and beverage service activities56290

Names & trade names

Legal nameNL

Final Touch

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