FINARDENNE
ActiveFINARDENNE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €186k and a net result of €-3k. Equity is shrinking by ~27.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 37% of 1287 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
20
/ 100
Critical▼ -31 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency5▲+1
Growth32=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.44 in 2024), and 94% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
53 d early
2023
on the day
2022
4 d early
2021
1 d late
2020
26 d late
2018
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k
2024 · €46k
2018: €58k
2020: €153k
2021: €-195k
2022: €-213k
2023: €-114k
2024: €46k
2018 → 2025
Working capital
€-385k▲ 15.0%
2024 · €-453k
2018: €-74k
2020: €-109k
2021: €-293k
2022: €-994k
2023: €-945k
2024: €-453k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€471k-€257k▼ 45.3%€144k▼ 44.2%€189k▲ 31.7%€186k▼ 1.8%
Operating result€-226k-€-323k▼ 43.2%€-69k▲ 78.5%€-38k▲ 44.7%€38k
Net result€-195k-€-213k▼ 9.7%€-114k▲ 46.7%€46k€-3k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €38k after a loss of €38k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.09M
Fixed assets
€2.61M▼ 2.9%
Current assets
€478k▲ 31.6%
Equity and liabilities €3.09M
Equity
€186k▼ 1.8%
Provisions
€19k▼ 8.7%
Debt
€2.88M▲ 1.4%
The debt ratio rises from 93.1% to 93.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€266k▲
2024 · €233k
Cash flow
€225k▼
2024 · €317k
Solvency
6.0%▼
2024 · 6.2%
Current ratio
0.55▲
2024 · 0.44
Quick ratio
0.55▲
2024 · 0.44
Debt / equity
15.52▲
2024 · 15.02
ROE
-1.8%▼
2024 · 24.1%
ROA
-0.1%▼
2024 · 1.5%
Interest coverage
5.72▲
2024 · 3.75
Debt
€2.88M▲
2024 · €2.84M
Debt ≤ 1 year
€863k▲
2024 · €816k
Debt > 1 year
€1.70M▼
2024 · €1.79M
Income taxes
€454▼
2024 · €1k
Staff costs
€20k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.05M€3.09M▲
Fixed assets21/28€2.69M€2.61M▼
Tangible fixed assets22/27€2.69M€2.58M▼
Land and buildings22€2.59M€2.44M▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€6k€6k▼
Leasing and similar rights25-€52k
Other tangible fixed assets26€87k€73k▼
Financial fixed assets28€661€35k▲
Current assets29/58€363k€478k▲
Amounts receivable within one year40/41€247k€334k▲
Trade receivables40€241k€334k▲
Other amounts receivable41€6k€459▼
Cash at bank and in hand54/58€111k€138k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€3.05M€3.09M▲
Equity10/15€189k€186k▼
Contributions10/11€14k€14k=
Reserves13€349k€344k▼
Tax-exempt reserves132€61k€56k▼
Distributable reserves133€289k€289k=
Profit (loss) carried forward14€-174k€-172k▲
Provisions and deferred taxes16€20k€19k▼
Deferred taxes168€20k€19k▼
Amounts payable17/49€2.84M€2.88M▲
Amounts payable after more than one year17€1.79M€1.70M▼
Financial debts170/4€1.79M€1.70M▼
Amounts payable within one year42/48€816k€863k▲
Current portion of amounts payable after more than one year42€129k€142k▲
Trade debts44€42k€70k▲
Suppliers440/4€42k€70k▲
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€1k€3k▲
Other amounts payable47/48€641k€644k▲
Accrued charges and deferred income492/3€233k€318k▲
Income statement
Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€8k€20k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€271k€228k▼
Other operating charges640/8€13k€16k▲
Non-recurring operating charges66A€5k-
Gross operating margin9900€259k€302k▲
Operating profit (loss)9901€-38k€38k▲
Financial income75/76B€146k€4k▼
Recurring financial income75€52€1k▲
Non-recurring financial income76B€145k€3k▼
Financial charges65/66B€62k€46k▼
Recurring financial charges65€62k€46k▼
Profit (loss) for the period before taxes9903€45k€-5k▼
Transfer from deferred taxes780€2k€2k▼
Income taxes67/77€1k€454▼
Profit (loss) for the period9904€46k€-3k▼
Transfer from tax-exempt reserves789€5k€5k▼
Profit (loss) for the period to be appropriated9905€51k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-174k€-172k▲
Profit (loss) brought forward from the previous period14P€-225k€-174k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €46k
Net result €46k after 3 loss-making years.
30-06
Financial
Equity above €150kEq €189k ▲31.7%
Equity rises from €144k to €189k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Weakest financial yearnet €-213k
Net result drops to €-213k, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-06
Financial
Highest result since 2018net €153k ▲163%
Operating result €273k, net result €153k, both a record.
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Daverdisse · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Culée, Gembes 186929 DaverdisseGround area
2,090 m²
Building footprint
257 m²
Volume, LiDAR
2,120 m³
Parcel 84022A0434/00M000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Culée, Gembes 18, 6929 Daverdisse
since 20132.248.379.430
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84022A0434/00M000 | Wallonia | 2,090 m² | 1 · 256 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
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LuxHaus
BE 0784.575.887
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Orava
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TROCH INVESTMENT & MANAGEMENT
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Of 2,999 companies in sector 55203 we hold annual accounts for 689. 504 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-03-1994
Fiscal year end30-06
Activities, NACEBEL
55203Holiday cottages, homes and apartments
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.