Financelis
ActiveSummary
For Financelis, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €240k and a net result of €79k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 11210 sector peers (fiscal year 2021). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability100=
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2021Solvency, return and age of the figures
Solvency
76.4%
Return on assets
25.2%
Age of the figures
57 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-07-2022, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
2 d early
2020
51 d early
2019
129 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€240k▲ 16.6%
2020 · €206k
2018: €184k
2019: €142k▼ -23.1% vs 2018lowest in 4 years
2020: €206k▲ +45.3% vs 2019
2021: €240k▲ +16.6% vs 2020highest in 4 years
2018 → 2021
Total assets
€314k▲ 31.1%
2020 · €239k
2018: €215klowest in 4 years
2019: €267k▲ +24.0% vs 2018
2020: €239k▼ -10.3% vs 2019
2021: €314k▲ +31.1% vs 2020highest in 4 years
2018 → 2021
Net result
€79k▼ 11.2%
2020 · €89k
2018: €81k
2019: €77k▼ -3.9% vs 2018lowest in 4 years
2020: €89k▲ +15.1% vs 2019highest in 4 years
2021: €79k▼ -11.2% vs 2020
2018 → 2021
Working capital
€201k▲ 36.3%
2020 · €147k
2018: €140k
2019: €63k▼ -54.9% vs 2018lowest in 4 years
2020: €147k▲ +132% vs 2019
2021: €201k▲ +36.3% vs 2020highest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€184k-€142k▼ 23.1%€206k▲ 45.3%€240k▲ 16.6%
2018: €184k
2019: €142k▼ -23.1% vs 2018lowest in 4 years
2020: €206k▲ +45.3% vs 2019
2021: €240k▲ +16.6% vs 2020highest in 4 years
Operating result€102k-€96k▼ 5.3%€113k▲ 17.2%€100k▼ 11.5%
2018: €102k
2019: €96k▼ -5.3% vs 2018lowest in 4 years
2020: €113k▲ +17.2% vs 2019highest in 4 years
2021: €100k▼ -11.5% vs 2020
Net result€81k-€77k▼ 3.9%€89k▲ 15.1%€79k▼ 11.2%
2018: €81k
2019: €77k▼ -3.9% vs 2018lowest in 4 years
2020: €89k▲ +15.1% vs 2019highest in 4 years
2021: €79k▼ -11.2% vs 2020
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 12% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €314k
Fixed assets
€39k ▼ 33.0%
Current assets
€275k ▲ 51.9%
Equity and liabilities €314k
Equity
€240k ▲ 16.6%
Debt
€74k ▲ 120%
Debt's share of the balance-sheet total rises from 14.1% to 23.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€119k▼
2020 · €132k
Cash flow
€98k▼
2020 · €109k
Current ratio
3.71▼
2020 · 5.36
Debt to equity
0.31
ROE
33.0%▼
2020 · 43.3%
ROA
25.2%▼
2020 · 37.2%
Interest coverage
1629.43
Debt ≤ 1 year
€74k▲
2020 · €34k
Income taxes
€20k▼
2020 · €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 · 2021 against 2020 · 44 lines
Balance sheet
Code20202021
Assets
Total assets20/58€239k€314k▲
Fixed assets21/28€59k€39k▼
Tangible fixed assets22/27€58k€38k▼
Plant, machinery and equipment23-€240
Furniture and vehicles24-€38k
Financial fixed assets28€960€960=
Current assets29/58€181k€275k▲
Amounts receivable within one year40/41€2k€195k▲
Trade receivables40-€237
Other amounts receivable41-€194k
Cash at bank and in hand54/58€179k€80k▼
Deferred charges and accrued income490/1-€78
Equity and liabilities
Total equity and liabilities10/49€239k€314k▲
Equity10/15€206k€240k▲
Contributions10/11-€19k
Reserves13€137k€137k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Tax-exempt reserves132-€15k
Distributable reserves133-€120k
Profit (loss) carried forward14€50k€84k▲
Amounts payable17/49€34k€74k▲
Amounts payable within one year42/48€34k€74k▲
Financial debts43-€20k
Other loans439-€20k
Trade debts44-€5k
Suppliers440/4-€5k
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48-€45k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€19k▼
Other operating charges640/8-€725
Gross operating margin9900€133k€120k▼
Operating profit (loss)9901€113k€100k▼
Financial charges65/66B-€73
Recurring financial charges65€340€73▼
Profit (loss) for the period before taxes9903€112k€100k▼
Income taxes67/77€23k€20k▼
Profit (loss) for the period9904€89k€79k▼
Profit (loss) for the period to be appropriated9905€91k€79k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€129k
Profit (loss) brought forward from the previous period14P-€50k
Profit to be distributed694/7-€45k
Return on contributions (dividend)694€25k€45k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €30k | €20k | €19k | ▼ 2.0% |
| Other operating charges640/8 | - | - | - | €725 | - |
| Gross operating margin9900 | €120k | €127k | €133k | €120k | ▼ 9.8% |
| Operating profit (loss)9901 | €102k | €96k | €113k | €100k | ▼ 11.5% |
| Recurring financial income75 | - | €184 | - | - | - |
| Financial charges65/66B | - | - | - | €73 | - |
| Recurring financial charges65 | €710 | €35 | €340 | €73 | ▼ 78.5% |
| Profit (loss) for the period before taxes9903 | €101k | €96k | €112k | €100k | ▼ 11.0% |
| Income taxes67/77 | €20k | €19k | €23k | €20k | ▼ 10.4% |
| Profit (loss) for the period9904 | €81k | €77k | €89k | €79k | ▼ 11.2% |
| Profit (loss) for the period to be appropriated9905 | €77k | €70k | €91k | €79k | ▼ 13.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €215k | €267k | €239k | €314k | ▲ 31.1% |
| Fixed assets21/28 | €44k | €78k | €59k | €39k | ▼ 33.0% |
| Tangible fixed assets22/27 | €44k | €77k | €58k | €38k | ▼ 33.6% |
| Plant, machinery and equipment23 | - | - | - | €240 | - |
| Furniture and vehicles24 | - | - | - | €38k | - |
| Financial fixed assets28 | - | €960 | €960 | €960 | = |
| Current assets29/58 | €172k | €189k | €181k | €275k | ▲ 51.9% |
| Amounts receivable within one year40/41 | €2k | €2k | €2k | €195k | ▲ 8,912% |
| Trade receivables40 | - | - | - | €237 | - |
| Other amounts receivable41 | - | - | - | €194k | - |
| Cash at bank and in hand54/58 | €169k | €187k | €179k | €80k | ▼ 55.2% |
| Deferred charges and accrued income490/1 | - | - | - | €78 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €215k | €267k | €239k | €314k | ▲ 31.1% |
| Equity10/15 | €184k | €142k | €206k | €240k | ▲ 16.6% |
| Contributions10/11 | €19k | €19k | - | €19k | - |
| Reserves13 | €166k | €123k | €137k | €137k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Reserves not available under the articles1311 | - | - | - | €2k | - |
| Tax-exempt reserves132 | - | - | - | €15k | - |
| Distributable reserves133 | - | - | - | €120k | - |
| Profit (loss) carried forward14 | - | - | €50k | €84k | ▲ 68.2% |
| Amounts payable17/49 | €31k | €125k | €34k | €74k | ▲ 120% |
| Amounts payable within one year42/48 | €31k | €125k | €34k | €74k | ▲ 120% |
| Financial debts43 | - | - | - | €20k | - |
| Other loans439 | - | - | - | €20k | - |
| Trade debts44 | €292 | €264 | - | €5k | - |
| Suppliers440/4 | - | - | - | €5k | - |
| Taxes, remuneration and social security45 | - | - | - | €4k | - |
| Taxes450/3 | - | - | - | €4k | - |
| Other amounts payable47/48 | - | - | - | €45k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81k | €77k | €89k | €79k | ▼ 11.2% |
| + Depreciation and write-downs630 | €18k | €30k | €20k | €19k | ▼ 2.0% |
| Operating cash flow (approximation) | €99k | €108k | €109k | €98k | ▼ 9.5% |
| Investment in fixed assets (approximation) | - | €-65k | €-38 | €0 | ▲ 100% |
| Change in cash | - | €18k | €-8k | €-99k | ▼ 1,116% |
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
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €89k ▲15.1%
Operating result €113k, net result €89k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 5.36
Current ratio from 1.50 to 5.36; short-term debt falls from €125k to €34k.
31-12
Financial
Equity above €200kEq €206k ▲45.3%
3 profitable years in a row build equity to €206k.
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €77k ▼3.9%
Net result drops to €77k, the lowest in the series; recovery starts the following year.
01-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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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Directors · office · real estate
Directors
3 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, Zoersel · 1 establishment unit since 2016
Ground area
1,956 m²
Building footprint
250 m²
Volume, LiDAR
1,554 m³
Parcel 11017A0258/00E000, Flanders · tallest building 21.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Financelis
since 20162.250.117.413
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11017A0258/00E000 | Flanders | 1,956 m² | 1 · 250 m² | 21.9 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,993 EUR awarded · 1,993 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 449 EUR | 449 EUR |
| 2024 | 1 | 629 EUR | 629 EUR |
| 2023 | 1 | 492 EUR | 492 EUR |
| 2022 | 1 | 423 EUR | 423 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,229 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded09-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
Website
www.financelis.be
E-mail
boekhouding@financelis.be
Scores and ratios are computed by Checked and are not a credit decision.