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FINALITE

In bankruptcy Public limited companyfounded 1994Zone art. de la Rivièrette 9, 7330 Saint-GhislainKBO/BCE: BE 0452.245.672
FINALITE
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Overview

Information for creditors

Enterprise Court of Hainaut, Mons division · Official Gazette of 11-02-2022
Filing the claim in RegSol 22-12-2021First verification report 21-01-2022Appeal or third-party opposition 26-02-2022Late claim 22-11-2022

Trustee: Tony Bellavia. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

Lifetime

14 annual accounts with figures on one time axis, 25 filings since 1994
peak €104,794 (2007)
€55,906▲ 152%
lowest -€32,109 (2011)
€22,643▲ €29,390
peak €187,092 (2016)
€182,864▲ 14.1%
€214,980▼ 17.4%
Board4 names since 2019
2 directors and 1 other
Documentsfilings and deeds
26-10-202087 days late
2019micro format
Gross margin from €22,141 to €55,906Back to profit: €22,643Equity from €160,221 to €182,864Debts from €260,174 to €214,980Cash from €2,046 to €315

Key points

from the 2019 annual accounts, the last ones filed

Filings

25 annual accounts since 1994
AprilJune31 JulyOctober20002010

Nine of the last ten came late. The 2010 accounts came latest: 122 days after the end of the period.

Board and ownership

Chair
Director
Board & ownership

Recent changes

Supervising judge replaced Enterprise Court of Hainaut, Mons division · judgment of 08-06-2026 · Bankruptcy
Bankruptcy published Enterprise Court of Hainaut, Mons division · judgment of 22-11-2021 · Bankruptcy
1 director appointed, 1 reappointment Permanent representative: · Appointment: · Reappointment: (chair of the board) · Board meeting of 14-12-2020 · Gazette deed
2 directors reappointed (chair of the board) and (managing director) · Permanent representative: · General meeting of 09-10-2020 · Gazette deed
All 38 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 22-11-2021
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2019

€55,906▲ 152%
≈ €170,000estimated
€22,643
€182,864▲ 14.1%
€397,844▼ 5.4%
Filing
Filed on 26-10-2020
Financials

Insights on FINALITE

On 22 November 2021 the court declared FINALITE bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2019

micro format, filed on 26-10-2020, 87 days late
€55,906
▲ 152%
€31,423
▲ €32,868
€53,960
▲ 156%
€45,180
▲ 186%
46.0%
▲ 7.9 percentage points
0.39
▲ 0.10

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €170,000. Estimated: probably between €110,000 and €290,000.

Money flows

no detail for 2019

Balance sheet

balance sheet total €397,844 on 31-12-2019
What the company ownsHow it is paid for

in euro

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 397,844420,395438,461307,668346,111350,594382,519312,683343,929354,274385,696409,007354,23544,219
21/28 381,594404,131424,096292,533320,341348,149376,698308,070337,541348,075375,041404,416299,62143,381
22/27 281,594304,131324,096192,533220,341248,149276,698308,070337,541348,075375,041404,416299,62143,381
22 277,512297,997318,480173,965187,024200,084213,143226,203239,262252,321265,381278,441291,70143,381
23 4,0826,1345,61618,56833,31748,06562,81377,56190,02488,872101,825114,7777,920-
24 ------7424,3068,2556,8827,83511,198--
28 100,000100,000100,000100,000100,000100,000100,000-------
29/58 16,25016,26414,36515,13525,7702,4455,8214,6136,3886,19910,6554,59154,614838
40/41 15,31912,62513,3345,52724,7511,5463,8431,1194,7544,1505,4303,51912,82321
40 15,31912,62013,2605,48022,9809812,724--2,000----
41 -574471,7715651,1191,1194,7542,1505,4303,51912,82321
54/58 3152,0464319,1235444285993,0541,6342,0495,2251,06641,791817
490/1 6161,5936004854754711,379440---6--
Balance sheet: equity and liabilities
10/49 397,844420,395438,461307,668346,111350,594382,519312,683343,929354,274385,696409,007354,23544,219
10/15 182,864160,221166,968187,092143,452102,04685,31598,27094,353126,462120,978130,047104,56225,388
10/11 105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000
100 105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000
13 9,2588,1268,1268,1265,9444,2334,2334,2334,2334,2333,9593,9593,959-
130 9,2588,1268,1268,1265,9444,2334,2334,2334,2334,2333,9593,9593,959-
14 68,60647,09553,84273,96632,508-7,187-23,918-10,963-14,88017,22912,01921,088-4,397-79,612
17/49 214,980260,174271,493120,576202,659248,548297,204214,413249,576227,812264,718278,960249,67318,831
17 173,148204,230162,81164,51478,846112,988178,585121,842146,623177,957164,838179,170193,502-
170/4 173,148204,230162,81164,51478,846112,988178,585121,842146,623177,957164,838179,170193,502-
42/48 41,83255,944108,68256,062123,813135,560118,61992,571102,95349,85599,88099,76956,17118,831
42 31,08340,90921,14214,33234,14265,59764,05724,78155,08034,09014,33214,33114,332-
43 ----------41,34520,445--
430/8 ----------41,34520,445--
44 4,6647,22321,88622,01326,4569,49813,4779,93524,7128,1197,96516,64526,677-
440/4 4,6647,22321,88622,01326,4568,99813,4779,93524,7128,1197,96516,64526,677-
441 -----500--------
46 ------40,31024,40020,6107,07022,730-10,180-
45 4,307--19,5506,49516341095635156,0094,982-
450/3 4,307--19,5506,49516341095635156,0094,982-
47/48 1,7787,81265,65416756,72060,44974133,4451,59554113,49342,339-18,831
492/3 -----------21--
Income statement
70 -----105,71693,090-------
76A -----------20,770--
9900 55,90622,14140,48987,14280,65652,98325,13840,52310,29742,55137,09854,654104,794-3,369
60/61 -----52,73367,952-------
630 22,53722,53733,43727,80827,80828,54931,37231,75634,25230,67830,07130,06813,949-
640/8 1,9461,04925,7581,2589859181081361,02882715,28525-
9901 31,423-1,445-18,70658,07651,86323,516-6,3428,631-24,98311,7916,95619,30190,820-3,369
75/76B -2-154877---1-40--
75 -2--877---1-40--
76B ---154----------
65/66B 4,4975,3041,4021,5354,0496,7926,6134,7147,1266,3088,33014,6266,66574
65 4,4975,3041,4021,5354,0496,7926,6134,7147,1266,3088,33014,6266,66574
9903 26,926-6,747-20,10856,69547,90116,731-12,9553,917-32,1095,484-1,37425,48584,155-3,443
67/77 4,283-1613,0556,495-----7,695-4,981-
9904 22,643-6,747-20,12443,64041,40616,731-12,9553,917-32,1095,484-9,06925,48579,174-3,443
9905 22,643-6,747-20,12443,64041,40616,731-12,9553,917-32,1095,484-9,06925,48579,174-3,443
Appropriation of the result
9906 69,73847,09553,84276,14834,219-7,187-23,918-10,963-14,88017,50312,01921,088-438-79,612
691/2 1,132--2,1821,711----274--3,959-
6920 1,132--2,1821,711----274--3,959-
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 11 older financial years (1994-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2019 (PDF), filed on 26-10-2020.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2019 annual accounts filed 87 days after the deadline. Filed on 26 October 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-63400176.

Financial year Type Filed Reference Document
31-12-2019 micro format 26-10-2020 2020-63400176 PDF
31-12-2018 micro format 28-08-2019 2019-60800528 PDF
31-12-2017 micro format 31-08-2018 2018-61400298 PDF
31-12-2016 micro format 29-08-2017 2017-51500273 PDF
31-12-2015 full format 31-08-2016 2016-56500038 PDF
31-12-2014 full format 21-08-2015 2015-45200359 PDF
31-12-2013 full format 16-07-2014 2014-31600467 PDF
31-12-2012 full format 30-10-2013 2013-64900460 PDF
31-12-2011 full format 31-08-2012 2012-52600204 PDF
31-12-2010 full format 30-11-2011 2011-62300562 PDF
31-12-2009 full format 13-07-2010 2010-30200462 PDF
31-12-2008 full format 27-08-2009 2009-65900277 PDF
31-12-2007 full format 28-08-2008 2008-66600160 PDF
31-12-2006 full format 28-08-2007 2007-63300228 PDF
31-12-2005 full format 31-08-2006 2006-75403205 PDF
31-12-2004 full format 30-11-2005 2005-87800158 PDF
31-12-2003 full format 06-08-2004 2004-58703700 PDF
31-12-2002 full format 12-09-2003 2003-66304118 PDF
31-12-2001 full format 17-02-2003 2003-04801480 PDF
31-12-2000 full format 16-10-2001 2001-64600635 PDF
31-12-1999 full format 29-12-2000 2000-78402595 PDF
31-12-1998 full format 28-03-2000 2000-07701426 PDF
31-12-1997 full format 03-11-1998 1998-56000071 PDF
31-12-1995 full format 13-09-1996 1996-43602924 PDF
31-12-1994 full format 28-09-1995 1995-51104314 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20192018201720162015201420132012201120102009200820072006
53,96021,09214,73185,88479,67152,06525,03040,3879,26942,46937,02749,369104,769-
45,18015,79013,31371,44869,21445,28018,41735,6732,14336,16221,00255,55393,123-
02,572165,000000100,0002,28523,7183,712696139,591270,189-
-1,7311,615-8,6928,579116-171-2,4551,420-415-3,1764,159-40,72540,974-
-25,582-39,680-94,317-40,927-98,043-133,115-112,798-87,958-96,565-43,656-89,225-95,178-1,557-17,993
-----22.2%-6.8%-------
46.0%38.1%38.1%60.8%41.4%29.1%22.3%31.4%27.4%35.7%31.4%31.8%29.5%57.4%
0.390.290.130.270.210.020.050.050.060.120.110.050.970.04
1.181.621.630.641.412.443.482.182.651.802.192.152.390.74
12.4%-4.2%-12.1%23.3%28.9%16.4%-15.2%4.0%-34.0%4.3%-7.5%19.6%75.7%-13.6%
5.7%-1.6%-4.6%14.2%12.0%4.8%-3.4%1.3%-9.3%1.5%-2.4%6.2%22.4%-7.8%
-----3 days11 days-------
-----66 days72 days-------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on FINALITE

The operating result for 2019 is a profit of €31,423, after a loss of €1,445 in 2018. It is the highest result since 2016.

Debt's share of the balance-sheet total falls from 61.9% to 54.0%. Equity is higher and debt is lower.

Board & ownership

Curator

the curator has managed the company since 22-11-2021
Tony Bellavia
Curator, Avenue Des Expositions, 8A, 7000 Mons
Also on 128 other cases

Last board

2 directors, last change in 2020
Chair of the board
in office according to the deed of 21-01-2021
also on the board of 2 other companies
3 other companies bankrupt
Director
appointed by deed of 21-01-2021
also on the board of 2 other companies
2 other companies bankrupt

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today

Chair of the board

Director

Director

Managing director
LeadershipBoardEarliermandate already running before its first mentionend not datedBankruptcy 22-11-2021
Mandates as a list
    • Chair of the board, from before 17-11-2020, until the bankruptcy of 22-11-2021
    • Director, appointed by deed of 21-01-2021, until the bankruptcy of 22-11-2021
    • Chair of the board, from before 02-12-2019, last mentioned in 2020
    • Director, from before 02-12-2019, last mentioned in 2020
    • Director, from before 02-12-2019, last mentioned in 2020
    • Managing director, from before 12-12-2019, last mentioned in 2020

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€105,000
Source
2019 annual accounts

The directors' other companies

2 last directors with another company that went bankrupt, was dissolved or struck off

3 other companies of this director went bankrupt (2021, 2026).

  • bankruptcy on 14-09-2026mandate until 2021
  • bankruptcy on 22-11-2021appointed in 2020, still in office
  • bankruptcy on 06-09-2021appointed in 2020, still in office

2 other companies of this director went bankrupt (2021).

  • bankruptcy on 22-11-2021appointed in 2020, still in office
  • bankruptcy on 06-09-2021appointed in 2020, still in office

Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.

Network & group

No group

FINALITE has no parent and no holdings in its annual accounts.

Earlier ties

via , no longer at · Statutory manager
Open bankruptcy · founded in 2004
 total assets €192,665 (2025)

Connections & network

2 connected companies
Depth
Shared director, links 3 companies Via a shared director · open bankruptcy Via a shared director · open bankruptcy Via a shared director · open bankruptcy Shared director, links 2 companies FINALITE FINALITE0452.245.672
Shared directorsIn bankruptcy
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
via and · deed of 21-01-2021
Open bankruptcy · founded in 1997 · 48 FTE (2019)
via and · deed of 21-01-2021
Open bankruptcy · founded in 1995 · total assets €770,078 (2020)

Timeline

Timeline

38 events since 1994
2026
Supervising judge replaced Enterprise Court of Hainaut, Mons division · judgment of 08-06-2026
2022
Bankruptcy published Enterprise Court of Hainaut, Mons division · judgment of 22-11-2021
2021
1 director appointed, 1 reappointmentPermanent representative: · Appointment: · Reappointment: (chair of the board) · Board meeting of 14-12-20204 points ▸
  • Board meeting, 14-12-2020
  • Permanent representative,
  • Director appointment,
  • Director reappointment, (chair of the board)
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2019 filed PDFmicro format · 87 days late
2 directors reappointed (chair of the board) and (managing director) · Permanent representative: · General meeting of 09-10-20206 points ▸
  • General meeting, 09-10-2020
  • Director reappointment,
  • Director reappointment,
  • Director reappointment, (managing director)
  • Director reappointment, (chair of the board)
  • Permanent representative,
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2019
Back to profit net €22,643 The net result is €22,643, after 2 loss-making years.
Annual accounts 2018 filed PDFmicro format · 28 days late
2018
Annual accounts 2017 filed PDFmicro format · 31 days late
2017
Annual accounts 2016 filed PDFmicro format · 29 days late
2016
Equity above €150,000 equity €187,092 ▲30.4% After 3 profitable years in a row, equity reaches €187,092.
Annual accounts 2015 filed PDFfull format · 31 days late
2015
Annual accounts 2014 filed PDFfull format · 21 days late
2014
Back to profit net €16,731 The net result is €16,731, after one loss-making year.
Annual accounts 2013 filed PDFfull format · 15 days before the deadline
2013
Annual accounts 2012 filed PDFfull format · 91 days late
2012
Back to profit net €3,917 The net result is €3,917, after one loss-making year.
Annual accounts 2011 filed PDFfull format · 31 days late
2011
Weakest financial year net -€32,109 The net result drops to -€32,109, the lowest from 2006 to 2019.
Annual accounts 2010 filed PDFfull format · 122 days late
2010
Back to profit net €5,484 The net result is €5,484, after one loss-making year.
Annual accounts 2009 filed PDFfull format · 18 days before the deadline
2009
Annual accounts 2008 filed PDFfull format · 27 days late
2008
Annual accounts 2007 filed PDFfull format · 28 days late
2007
Back to profit net €79,174 The net result is €79,174, after one loss-making year.
Equity above €100,000 equity €104,562 ▲312% Equity rises from €25,388 to €104,562.
Annual accounts 2006 filed PDFfull format · 28 days late
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed NBBfull format
1996
Annual accounts 1995 filed NBBfull format
1995
Annual accounts 1994 filed NBBfull format
1994
Incorporation 22 publications in the Belgian Official Gazette, the last on 21-01-2021 · published on 16-04-1994

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

FINALITE was incorporated on 24 March 1994.1 The company has filed 25 sets of annual accounts, the latest for financial year 2019.2 On 22 November 2021 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2019
  3. 3Belgian Official Gazette, 11-02-2022

Company details

Identity

Enterprise number
0452.245.672
VAT number
BE 0452.245.672
Legal form
Public limited company
Status
In bankruptcy, since 22-11-2021
Founded
24-03-1994
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
FINALITE in French
Entity type
Legal entity

Registered office and establishments

Zone art. de la Rivièrette 9 registered office 7330 Saint-Ghislain

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