FINARO
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 27-05-2025, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
65 d early
2023
63 d early
2022
33 d early
2021
38 d early
2020
44 d early
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 49 days before 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)
Financials · fiscal year 2024, micro schema
Equity
€2.0m▲ 0.1%
2023 · €2.0m
Total assets
€2.1m▲ 0.1%
2023 · €2.1m
Net result
€1,027▲ 83.7%
2023 · €559
Working capital
€2.0m▲ 0.1%
2023 · €2.0m
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
Line20202021202220232024
Operating result€969▼ 5.5%-€281€868€786▼ 9.4%€1,435▲ 82.5%
Net result€622▲ 4.8%-€423€732€559▼ 23.6%€1,027▲ 83.7%
Equity€2.0m=€2.0m=€2.0m=€2.0m=€2.0m▲ 0.1%
Total assets€2.1m=€2.1m=€2.1m▲ 0.1%€2.1m▲ 0.1%€2.1m▲ 0.1%
Debt€104,007▲ 0.2%€103,506▼ 0.5%€104,619▲ 1.1%€105,710▲ 1.0%€105,891▲ 0.2%
Working capital€2.0m=€2.0m=€2.0m=€2.0m=€2.0m▲ 0.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 83% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €2.1m
Equity
€2.0m ▲ 0.1%
Debt
€105,891 ▲ 0.2%
Debt's share of the balance-sheet total stays at 4.9%.
Key figures and ratios
Current ratio
20.23▼
2023 · 20.26
Quick ratio
0.07▲
2023 · 0.06
Debt to equity
0.05▲
2023 · 0.05
ROE
0.1%▲
2023 · 0.0%
ROA
0.0%▲
2023 · 0.0%
Debt ≤ 1 year
€105,891▲
2023 · €105,710
Income taxes
€385▲
2023 · €203
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €2,094 | €2,294 | €2,479 | €2,051 | ▼ 17.3% |
| Gross operating margin9900 | €3,057 | €1,813 | €3,162 | €3,265 | €3,486 | ▲ 6.8% |
| Operating profit (loss)9901 | €969 | -€281 | €868 | €786 | €1,435 | ▲ 82.5% |
| Financial charges65/66B | - | €143 | €24 | €24 | €24 | = |
| Recurring financial charges65 | €120 | €143 | €24 | €24 | €24 | = |
| Profit (loss) for the period before taxes9903 | €849 | -€423 | €844 | €762 | €1,411 | ▲ 85.1% |
| Income taxes67/77 | €226 | - | €112 | €203 | €385 | ▲ 89.0% |
| Profit (loss) for the period9904 | €622 | -€423 | €732 | €559 | €1,027 | ▲ 83.7% |
| Profit (loss) for the period to be appropriated9905 | €622 | -€423 | €732 | €559 | €1,027 | ▲ 83.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | ▲ 0.1% |
| Current assets29/58 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | ▲ 0.1% |
| Stocks and contracts in progress3 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Stocks30/36 | - | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Amounts receivable within one year40/41 | - | €1,139 | €4,301 | €5,555 | €4,905 | ▼ 11.7% |
| Trade receivables40 | - | €1,139 | €4,301 | €5,555 | €4,905 | ▼ 11.7% |
| Cash at bank and in hand54/58 | €3,609 | €1,546 | €228 | €624 | €2,482 | ▲ 298% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | ▲ 0.1% |
| Equity10/15 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | ▲ 0.1% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Capital10 | - | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Issued capital100 | - | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Reserves13 | €338,000 | €338,000 | €338,000 | €338,000 | €338,000 | = |
| Non-distributable reserves130/1 | - | €138,000 | €138,000 | €138,000 | €138,000 | = |
| Legal reserve130 | - | €138,000 | €138,000 | €138,000 | €138,000 | = |
| Distributable reserves133 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | €316,602 | €316,179 | €316,910 | €317,469 | €318,496 | ▲ 0.3% |
| Amounts payable17/49 | €104,007 | €103,506 | €104,619 | €105,710 | €105,891 | ▲ 0.2% |
| Amounts payable within one year42/48 | €104,007 | €103,506 | €104,619 | €105,710 | €105,891 | ▲ 0.2% |
| Taxes, remuneration and social security45 | - | - | €112 | €203 | €385 | ▲ 89.0% |
| Taxes450/3 | - | - | €112 | €203 | €385 | ▲ 89.0% |
| Other amounts payable47/48 | - | €103,506 | €104,506 | €105,506 | €105,506 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €622 | -€423 | €732 | €559 | €1,027 | ▲ 83.7% |
| Operating cash flow (approximation) | €622 | -€423 | €732 | €559 | €1,027 | ▲ 83.7% |
| Change in cash | - | -€2,063 | -€1,318 | €396 | €1,858 | ▲ 370% |
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
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €1,027 ▲83.7%
Operating result €1,435, net result €1,027, both a record.
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €732
Net result €732 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€423
Net result drops to -€423, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Structure & network
Owners and holdings
1 ownerChain of control
- ROFIM
- FINARO
Highest known parent: ROFIM. The sources do not say who stands above it.
Owners 1
- ROFIMparentSourceaccounts ROFIM 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.