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Finas

Active
Private limited companyfounded 1996active for 29 yearsMerellaan 1, 2470 Retie, BelgiumKBO/BCE: BE 0459.160.782
Summary

Finas has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €843,831 and a net result of €22,482. Equity has been stable since 2019 (±1.4% per year). Its solvency ranks better than 71% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 06-11-1996 Normal situation
Activity
Development of residential building projects NACE 68121and 1 other
Establishment unit
2.079.128.286 2470 Retie, since 18-11-1996
Financial year end
31 December
Peppol
Reachable since 26-11-2025

Board and ownership

Shareholders

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€60,429
▼ 62.1%
Turnover
≈ €150,000
estimated
Profit
€22,482
▼ 83.7%
Equity
€843,831
▲ 0.9%
Total assets
€1.5m
▼ 10.9%
  • 2025 accounts filed 61 days after the deadline
Net result -84%: 12-month year
Score breakdownraises riskLast filed accounts filed 61 days late; 1 of the last 3 accounts latelowers riskSize: total assets €1.5mLiquidity: current ratio 5.70, cash €203,937Founded in 1996Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 60% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 83+7
equity 58.0% of total assets
Liquidity 68+4
short-term debt 7.5% · cash 14.0%
Profitability 49-30
return on assets 1.5%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,630 companies, NACE 68, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.2%▲ +0.1 percentage points vs 03-2025 05-2025: 0.1%▼ -0.1 percentage points vs 04-2025 06-2025: 0.2%▲ +0.1 percentage points vs 05-2025highest value 07-2025: 0.1%▼ -0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €80,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.7 (2.98 in 2024), above the usual 1.5. Short-term debt is 7.5% and cash 14% of total assets. 42% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 70% of them on solvency, 78% on liquidity, 42% on profitability and 49% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 61 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Size: total assets €1.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 5.70, cash €203,937
NBB · annual accounts
lowers risk · Founded in 1996
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
2024
31 days early
2023
5 days early
2022
1 day early
2021
10 days early
2020
21 days early
2019
17 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Result fell in 202512-month financial year ▼ 83.7% View
  • Positive: More equity than 90% of companies in real estatesector median €73,281 · 17,164 companies €843,831 View

Recent changes

  1. · Gazette deed Change of role: ZAKENKANTOOR MINNEN GEERT, from manager to directorPermanent representative: MINNEN Geert
  2. · Gazette deed Registered office moved from Geel to RetieNew seat: Merellaan 1 te 2470 Retie · Previous seat: Pas 144 te 2440 Geel
  3. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as Finas: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.2m and €1.6m, founded between 1993 and 2000.

CompanyTotal assetsGross margin
Finas Retie€1.5m€0.06m
T&W Vastgoed Retie€1.5m€0.05m
VERAM Antwerpen€1.4m€0.09m
IMMO V.S. SUOMI Le Roeulx€1.5m€0.06m
TWINS IMMO Brussel€1.6m€0.04m
PATRIM Lasne€1.2m€0.07m
QUADRATUM Gent€1.2m€0.09m
Full comparison

Key facts about Finas

What is the company number of Finas?
The company number of Finas is 0459.160.782. The VAT number is the same number with BE in front: BE 0459.160.782.
Where is Finas based?
The registered office is at Merellaan 1, 2470 Retie.Company details
What does Finas do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of Finas?
The legal form of Finas is Private limited company (BV).
When was Finas founded?
Finas was founded on 06-11-1996.
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 ≈ €150,000. This figure is estimated from the gross margin of €60,429 and 47 comparable companies (NACE 681). It probably lies between €81,000 and €330,000.Financials
Is Finas profitable?
In financial year 2025, Finas made a profit of €22,482.
Where can I find the annual accounts of Finas?
Finas filed 27 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

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