FINALMA
ActiveSummary
FINALMA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.2m and a net result of -€167,361. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 64% of 4630 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability7▼-13
Solvency90▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.11 in 2023; short-term debt: 34.6% and cash: 0.2% of total assets), and 34.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
65.4%
Return on assets
-9.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
29 d early
2022
7 d early
2021
26 d late
2020
27 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€167,361
2023 · €18,640
Working capital
-€619,873▼ 51.5%
2023 · -€409,197
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20202021202220232024
Operating result€6,227-€23,771-€107,277▼ 351%-€274,131▼ 156%-€236,772▲ 13.6%
Net result€538,209above the sector's middle half▲ 9,317%€90,273within the sector's middle half▼ 83.2%€22,998within the sector's middle half▼ 74.5%€18,640within the sector's middle half▼ 18.9%-€167,361below the sector's middle half
Equity€1.2mwithin the sector's middle half▲ 77.1%€1.3mwithin the sector's middle half▲ 7.3%€1.3mwithin the sector's middle half▲ 1.7%€1.4mwithin the sector's middle half▲ 1.4%€1.2mwithin the sector's middle half▼ 12.2%
Total assets€1.6mwithin the sector's middle half▲ 25.8%€1.7mwithin the sector's middle half▲ 2.3%€2.0mwithin the sector's middle half▲ 19.3%€1.8mwithin the sector's middle half▼ 8.0%€1.8mwithin the sector's middle half▲ 0.5%
Debt€390,400▼ 34.4%€337,172▼ 13.6%€634,374▲ 88.1%€457,607▼ 27.9%€634,808▲ 38.7%
Working capital€343,791within the sector's middle half-€329,943below the sector's middle half-€614,293below the sector's middle half▼ 86.2%-€409,197below the sector's middle half▲ 33.4%-€619,873below the sector's middle half▼ 51.5%
Solvency76.0%above the sector's middle half▲ 22.0pp79.7%above the sector's middle half▲ 3.7pp68.0%within the sector's middle half▼ 11.7pp74.9%within the sector's middle half▲ 6.9pp65.4%within the sector's middle half▼ 9.5pp
Current ratio1.88within the sector's middle half▲ 1.320.02below the sector's middle half▼ 1.860.03below the sector's middle half▲ 0.010.11below the sector's middle half▲ 0.070.02below the sector's middle half▼ 0.08
Return on assets (ROA)33.1%above the sector's middle half▲ 32.7pp5.4%within the sector's middle half▼ 27.7pp1.2%within the sector's middle half▼ 4.3pp1.0%within the sector's middle half▼ 0.1pp-9.1%below the sector's middle half▼ 10.1pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €236,772 in 2024 against €274,131 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.8m ▲ 2.4%
Current assets
€14,935 ▼ 69.1%
Equity and liabilities €1.8m
Equity
€1.2m ▼ 12.2%
Debt
€634,808 ▲ 38.7%
Debt's share of the balance-sheet total rises from 25.1% to 34.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€235,728▲
2023 · -€273,573
Cash flow
-€166,317▼
2023 · €19,198
Debt to equity
0.53▲
2023 · 0.33
ROE
-13.9%▼
2023 · 1.4%
Interest coverage
-814.43▲
2023 · -1028.28
Debt ≤ 1 year
€634,808▲
2023 · €457,607
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €559 | €1,044 | ▲ 86.9% |
| Other operating charges640/8 | - | €868 | €868 | €240,010 | €150,968 | ▼ 37.1% |
| Non-recurring operating charges66A | - | - | - | €1,245 | €0 | ▼ 100% |
| Gross operating margin9900 | €7,095 | -€22,903 | -€106,409 | -€32,318 | -€84,760 | ▼ 162% |
| Operating profit (loss)9901 | €6,227 | -€23,771 | -€107,277 | -€274,131 | -€236,772 | ▲ 13.6% |
| Financial income75/76B | - | €145,747 | €139,366 | €293,037 | €69,700 | ▼ 76.2% |
| Recurring financial income75 | €544,730 | €55,503 | €107,848 | €114,991 | €69,700 | ▼ 39.4% |
| Non-recurring financial income76B | - | €90,244 | €31,519 | €178,046 | €0 | ▼ 100% |
| Financial charges65/66B | - | €111 | €195 | €266 | €289 | ▲ 8.8% |
| Recurring financial charges65 | €1,758 | €111 | €195 | €266 | €289 | ▲ 8.8% |
| Profit (loss) for the period before taxes9903 | €549,199 | €121,865 | €31,894 | €18,640 | -€167,361 | ▼ 998% |
| Income taxes67/77 | €10,990 | €31,592 | €8,897 | €0 | - | - |
| Profit (loss) for the period9904 | €538,209 | €90,273 | €22,998 | €18,640 | -€167,361 | ▼ 998% |
| Profit (loss) for the period to be appropriated9905 | €538,209 | €90,273 | €22,998 | €18,640 | -€167,361 | ▼ 998% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.7m | €2.0m | €1.8m | €1.8m | ▲ 0.5% |
| Fixed assets21/28 | €892,060 | €1.7m | €2.0m | €1.8m | €1.8m | ▲ 2.4% |
| Tangible fixed assets22/27 | €1,900 | €1,900 | €1,900 | €5,131 | €3,429 | ▼ 33.2% |
| Plant, machinery and equipment23 | - | - | - | €3,231 | €1,529 | ▼ 52.7% |
| Other tangible fixed assets26 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Financial fixed assets28 | €890,160 | €1.7m | €2.0m | €1.8m | €1.8m | ▲ 2.5% |
| Current assets29/58 | €734,191 | €7,230 | €20,081 | €48,411 | €14,935 | ▼ 69.1% |
| Amounts receivable within one year40/41 | €725,275 | €524 | €18,486 | €27,729 | €8,942 | ▼ 67.8% |
| Trade receivables40 | - | €524 | €0 | €7,867 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €0 | €18,486 | €19,863 | €8,942 | ▼ 55.0% |
| Cash at bank and in hand54/58 | €1,977 | €6,264 | €1,028 | €18,362 | €3,485 | ▼ 81.0% |
| Deferred charges and accrued income490/1 | - | €441 | €566 | €2,319 | €2,507 | ▲ 8.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.7m | €2.0m | €1.8m | €1.8m | ▲ 0.5% |
| Equity10/15 | €1.2m | €1.3m | €1.3m | €1.4m | €1.2m | ▼ 12.2% |
| Contributions10/11 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €22,381 | €22,381 | €22,381 | €22,381 | €22,381 | = |
| Non-distributable reserves130/1 | - | €15,000 | €15,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €15,000 | €15,000 | €0 | - | - |
| Distributable reserves133 | - | €7,381 | €7,381 | €22,381 | €22,381 | = |
| Profit (loss) carried forward14 | €1.1m | €1.2m | €1.2m | €1.2m | €1.0m | ▼ 14.0% |
| Amounts payable17/49 | €390,400 | €337,172 | €634,374 | €457,607 | €634,808 | ▲ 38.7% |
| Amounts payable within one year42/48 | €390,400 | €337,172 | €634,374 | €457,607 | €634,808 | ▲ 38.7% |
| Trade debts44 | €2,372 | €6,211 | €3,840 | €8,105 | €4,121 | ▼ 49.2% |
| Suppliers440/4 | - | €6,211 | €3,840 | €8,105 | €4,121 | ▼ 49.2% |
| Taxes, remuneration and social security45 | - | €10,802 | €101,726 | €124,920 | €169,111 | ▲ 35.4% |
| Taxes450/3 | - | €10,802 | €35,813 | €9,032 | €2,328 | ▼ 74.2% |
| Remuneration and social security454/9 | - | - | €65,913 | €115,889 | €166,784 | ▲ 43.9% |
| Other amounts payable47/48 | - | €320,160 | €528,808 | €324,583 | €461,576 | ▲ 42.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €538,209 | €90,273 | €22,998 | €18,640 | -€167,361 | ▼ 998% |
| + Depreciation and write-downs630 | - | - | - | €559 | €1,044 | ▲ 86.9% |
| Operating cash flow (approximation) | €538,209 | €90,273 | €22,998 | €19,198 | -€166,317 | ▼ 966% |
| Investment in fixed assets (approximation) | - | -€764,007 | -€307,348 | €185,898 | -€44,359 | ▼ 124% |
| Change in cash | - | €4,288 | -€5,236 | €17,334 | -€14,877 | ▼ 186% |
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
2026
22-07
State Gazette act
General meeting · Director resignation
Other statement
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€167,361
Net result drops to -€167,361, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €538,209 ▲9,317%
Operating result €6,227, net result €538,209, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.88
Current ratio from 0.56 to 1.88; short-term debt falls from €595,003 to €390,400.
31-12
Financial
Equity above €1mEq €1.2m ▲77.1%
3 profitable years in a row build equity to €1.2m.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ukkel · 1 establishment unit since 2010
Ground area
1,497 m²
Building footprint
324 m²
Volume, LiDAR
1,795 m³
Parcel 21614H0008/00B041, Brussels · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
FINALMA
since 20102.187.798.079
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0008/00B041 | Brussels | 1,496 m² | 1 · 324 m² | 9.3 m · 2 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.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 3
-
47.8%
-
24.78%
-
10.34%
According to the 2024 annual accounts of FINALMA 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 25,864 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
Founded28-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825434663
Also
9925:BE0825434663
Registered
15-12-2025
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.