Equity
€59,977 ▲ 0.8%
Finas has made a profit without a break since 2022.
Finas
Lifetime
20 annual accounts with figures on one time axis, 46 filings since 1980peak €136,868 (2022)
€18,619▼ 63.8%
lowest -€13,083 (2018)
€469▼ 98.3%
peak €59,977 (2025)
€59,977▲ 0.8%
€23,030▼ 74.5%
Board3 names since 2022
2 directors and 1 other
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €51,448 to €18,619Result from €27,379 to €469Debts from €90,306 to €23,030Cash from €73,839 to €25,587
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 17,035 companies had the same profile as Finas has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,035 companies, not a prediction for Finas. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0420535679
Registered office moved to Ninove
New registered office: Kruisveldstraat 63, 9400 Ninove (Denderwindeke) · Resignations: (manager) and (manager) · Reappointment: (director) · Gazette deed
First establishment
FINAS BVBA, Nijken 2 C, Ninove
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Finas Ninove | €83,007 | €18,619 | 72.3% | - |
| EUROPEAN BUSINESS PROMOTION Aalter | €94,636 | €12,714 | 53.2% | - |
| SHOP TECHNICS Sint-Gillis-Waas | €134,997 | €14,301 | 99.0% | - |
| Liberaal Huis Deinze | €134,275 | €13,029 | 99.7% | - |
| WeST Ghent | €167,944 | €16,347 | 98.6% | - |
| HAEGEMAN Lievegem | €142,043 | €16,155 | 98.0% | - |
| DE LUCHTBAL Zottegem | €87,960 | €6,593 | 96.0% | - |
These companies have the same main activity as Finas: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €88,000 and €168,000, founded between 1968 and 1993.
Official details
Source: KBO- Status
- Active since 22-04-1980Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 1 other
- Establishment unit
- 2.017.546.2539400 Ninove, since 07-06-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 05-05-2025
Annual accounts 2025
- €83,007▼ 44.6%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on Finas
Finas files the micro format. That format states no turnover. The gross margin fell from €53,891 in 2006 to €18,619 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Finas
- What is the company number of Finas?
- The company number of Finas is 0420.535.679. The VAT number is the same number with BE in front: BE 0420.535.679.
- Where is Finas based?
- The registered office is at Kruisveldstraat 63, 9400 Ninove.Company details
- What does Finas do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of Finas?
- Finas is a private limited company (BV).
- When was Finas founded?
- Finas was founded on 22-04-1980.
- Is Finas still active?
- Yes, Finas is an active enterprise in the KBO register.
- What is the turnover of Finas?
- The turnover in financial year 2025 is ≈ €72,000. This figure is estimated from the gross margin of €18,619 and 30 comparable companies (NACE 68110). It probably lies between €39,000 and €180,000. It is a rough estimate. In financial year 2021 turnover was €28,056.Financials
- Is Finas profitable?
- In financial year 2025, Finas made a profit of €469.
- Where can I find the annual accounts of Finas?
- Finas filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Finas due?
- Finas must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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