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FINALITE

Bankruptcy
Public limited companyfounded 1994Zone art. de la Rivièrette(SG) 9, 7330 Saint-Ghislain, BelgiumKBO/BCE: BE 0452.245.672
Summary

The KBO register records for FINALITE the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2019 annual accounts show equity of €182,864 and a net result of €22,643.

Are you a creditor?

Open bankruptcy Source: KBO register

The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.

The procedure

The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 26-10-2020, 87 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
87 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2019 accounts 87 days after 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FINALITE was incorporated on 24 March 1994.1 The company has filed 25 sets of annual accounts, the latest for fiscal year 2019.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2019, micro schema

Equity
€182,864▲ 14.1%
2018 · €160,221
Total assets
€397,844▼ 5.4%
2018 · €420,395
Net result
€22,643
2018 · -€6,747
Working capital
-€25,582▲ 35.5%
2018 · -€39,680
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
Line20182019
Operating result-€1,445-€31,423
Net result-€6,747-€22,643
Equity€160,221-€182,864▲ 14.1%
Total assets€420,395-€397,844▼ 5.4%
Debt€260,174-€214,980▼ 17.4%
Working capital-€39,680--€25,582▲ 35.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000€30,000Operating result 2018: -€1,445-€1,445Net result 2018: -€6,747-€6,747Operating result 2019: €31,423€31,423Net result 2019: €22,643€22,64320182019-€10,000€0€10,000€20,000€30,000Operating result 2018: -€1,445-€1,450Net result 2018: -€6,747-€6,750Operating result 2019: €31,423€31,400Net result 2019: €22,643€22,60020182019
The operating result returns to profit in 2019: €31,423 after a loss of €1,445 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €397,844
Fixed assets €381,594 ▼ 5.6%
Current assets €16,250 ▼ 0.1%
Equity and liabilities €397,844
Equity €182,864 ▲ 14.1%
Debt €214,980 ▼ 17.4%
Debt's share of the balance-sheet total falls from 61.9% to 54.0%. Equity is higher and debt is lower.
Key figures and ratios
2019 value · change against 2018
EBITDA
€53,960▲
2018 · €21,092
Cash flow
€45,180▲
2018 · €15,790
Current ratio
0.39▲
2018 · 0.29
Debt to equity
0.95▼
2018 · 1.27
ROE
12.4%▲
2018 · -4.2%
ROA
5.7%▲
2018 · -1.6%
Debt ≤ 1 year
€41,832▼
2018 · €55,944
Debt > 1 year
€173,148▼
2018 · €204,230
Income taxes
€4,283
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2019 against 2018 · 25 lines
Balance sheet Code20182019
Assets
Total assets20/58€420,395€397,844▼
Fixed assets21/28€404,131€381,594▼
Tangible fixed assets22/27€304,131€281,594▼
Financial fixed assets28€100,000€100,000=
Current assets29/58€16,264€16,250▼
Amounts receivable within one year40/41€12,625€15,319▲
Cash at bank and in hand54/58€2,046€315▼
Equity and liabilities
Total equity and liabilities10/49€420,395€397,844▼
Equity10/15€160,221€182,864▲
Contributions10/11€105,000€105,000=
Reserves13€8,126€9,258▲
Profit (loss) carried forward14€47,095€68,606▲
Amounts payable17/49€260,174€214,980▼
Amounts payable after more than one year17€204,230€173,148▼
Amounts payable within one year42/48€55,944€41,832▼
Trade debts44€7,223€4,664▼
Income statement Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,537€22,537=
Gross operating margin9900€22,141€55,906▲
Operating profit (loss)9901-€1,445€31,423▲
Recurring financial income75€2-
Recurring financial charges65€5,304€4,497▼
Profit (loss) for the period before taxes9903-€6,747€26,926▲
Income taxes67/77-€4,283
Profit (loss) for the period9904-€6,747€22,643▲
Profit (loss) for the period to be appropriated9905-€6,747€22,643▲
Line20182019Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,537€22,537=
Gross operating margin9900€22,141€55,906▲ 152%
Operating profit (loss)9901-€1,445€31,423▲ 2,275%
Recurring financial income75€2--
Recurring financial charges65€5,304€4,497▼ 15.2%
Profit (loss) for the period before taxes9903-€6,747€26,926▲ 499%
Income taxes67/77-€4,283-
Profit (loss) for the period9904-€6,747€22,643▲ 436%
Profit (loss) for the period to be appropriated9905-€6,747€22,643▲ 436%
Line20182019Change
Assets
Total assets20/58€420,395€397,844▼ 5.4%
Fixed assets21/28€404,131€381,594▼ 5.6%
Tangible fixed assets22/27€304,131€281,594▼ 7.4%
Financial fixed assets28€100,000€100,000=
Current assets29/58€16,264€16,250▼ 0.1%
Amounts receivable within one year40/41€12,625€15,319▲ 21.3%
Cash at bank and in hand54/58€2,046€315▼ 84.6%
Equity and liabilities
Total equity and liabilities10/49€420,395€397,844▼ 5.4%
Equity10/15€160,221€182,864▲ 14.1%
Contributions10/11€105,000€105,000=
Reserves13€8,126€9,258▲ 13.9%
Profit (loss) carried forward14€47,095€68,606▲ 45.7%
Amounts payable17/49€260,174€214,980▼ 17.4%
Amounts payable after more than one year17€204,230€173,148▼ 15.2%
Amounts payable within one year42/48€55,944€41,832▼ 25.2%
Trade debts44€7,223€4,664▼ 35.4%
Line20182019Change
Profit (loss) for the period9904-€6,747€22,643▲ 436%
+ Depreciation and write-downs630€22,537€22,537=
Operating cash flow (approximation)€15,790€45,180▲ 186%
Investment in fixed assets (approximation)-€0-
Change in cash--€1,731-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2020
26-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial Back to profitnet €22,643
Net result €22,643 after one loss-making year.
28-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
21-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 21 days late
2014
16-07
NBB filing Annual accounts filed
fiscal year 2013 · full schema
2013
30-10
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 91 days late
2012
31-08
NBB filing Annual accounts filed
fiscal year 2011 · full schema · 31 days late
2011
30-11
NBB filing Annual accounts filed
fiscal year 2010 · full schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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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Identification & contact

Identification
Legal formPublic limited company
Founded24-03-1994
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.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.