FINASO
ActiveSummary
FINASO has been active since 1998 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €16.0m and a net result of €139,239. Equity remains stable across the filed fiscal years (±0.8% per year). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▲+1
Solvency100=
Growth52=
Track record92
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000,000 at 30 days acceptable
Liquidity ample (current ratio 5.47 against 5.76 in 2024; short-term debt: 3.2% and cash: 0.6% of total assets), and 3.3% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.7%
Return on assets
0.8%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
22 d late
2023
21 d late
2022
on the day
2021
on the day
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 24 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€139,239▲ 30.4%
2024 · €106,816
Working capital
€2.3m▼ 9.6%
2024 · €2.6m
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€134,224▼ 834%-€10,854▲ 91.9%-€9,723▲ 10.4%-€41,615▼ 328%-€14,226▲ 65.8%
Net result€15,126▼ 88.4%€97,123▲ 542%€148,159▲ 52.5%€106,816▼ 27.9%€139,239▲ 30.4%
Equity€15.5m▲ 0.1%€15.6m▲ 0.6%€15.7m▲ 0.9%€15.9m▲ 0.7%€16.0m▲ 0.9%
Total assets€15.6m=€15.7m▲ 0.5%€15.8m▲ 1.0%€16.4m▲ 3.7%€16.5m▲ 0.7%
Debt€84,486▼ 19.5%€68,144▼ 19.3%€82,627▲ 21.3%€558,548▲ 576%€537,711▼ 3.7%
Working capital€3.0m▼ 3.2%€3.2m▲ 8.3%€3.2m▼ 1.6%€2.6m▼ 18.4%€2.3m▼ 9.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,226 in 2025 against €41,615 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.5m
Fixed assets
€13.7m ▲ 2.9%
Current assets
€2.9m ▼ 8.6%
Equity and liabilities €16.5m
Equity
€16.0m ▲ 0.9%
Debt
€537,711 ▼ 3.7%
Debt's share of the balance-sheet total falls from 3.4% to 3.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
5.47▼
2024 · 5.76
Debt to equity
0.03▼
2024 · 0.04
ROE
0.9%▲
2024 · 0.7%
ROA
0.8%▲
2024 · 0.7%
Debt ≤ 1 year
€522,687▼
2024 · €543,524
Income taxes
-€1,730
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €5,527 | €9,986 | €8,762 | €40,647 | €13,227 | ▼ 67.5% |
| Other operating charges640/8 | €905 | €868 | €960 | €968 | €998 | ▲ 3.2% |
| Non-recurring operating charges66A | €127,792 | - | - | - | - | - |
| Gross operating margin9900 | -€5,527 | -€9,986 | -€8,762 | -€40,647 | -€13,227 | ▲ 67.5% |
| Operating profit (loss)9901 | -€134,224 | -€10,854 | -€9,723 | -€41,615 | -€14,226 | ▲ 65.8% |
| Financial income75/76B | €149,524 | €142,619 | €140,389 | €147,838 | €156,171 | ▲ 5.6% |
| Recurring financial income75 | €141,104 | €142,619 | €140,389 | €147,838 | €156,171 | ▲ 5.6% |
| Non-recurring financial income76B | €8,419 | - | - | - | - | - |
| Financial charges65/66B | €120 | €34,641 | -€18,650 | -€593 | €4,436 | ▲ 848% |
| Recurring financial charges65 | €120 | €120 | -€18,650 | -€593 | €4,436 | ▲ 848% |
| Non-recurring financial charges66B | - | €34,521 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €15,179 | €97,123 | €149,316 | €106,816 | €137,509 | ▲ 28.7% |
| Income taxes67/77 | €54 | - | €1,158 | - | -€1,730 | - |
| Profit (loss) for the period9904 | €15,126 | €97,123 | €148,159 | €106,816 | €139,239 | ▲ 30.4% |
| Profit (loss) for the period to be appropriated9905 | €15,126 | €97,123 | €148,159 | €106,816 | €139,239 | ▲ 30.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.6m | €15.7m | €15.8m | €16.4m | €16.5m | ▲ 0.7% |
| Fixed assets21/28 | €12.5m | €12.4m | €12.6m | €13.3m | €13.7m | ▲ 2.9% |
| Financial fixed assets28 | €12.5m | €12.4m | €12.6m | €13.3m | €13.7m | ▲ 2.9% |
| Current assets29/58 | €3.1m | €3.3m | €3.3m | €3.1m | €2.9m | ▼ 8.6% |
| Amounts receivable after more than one year29 | €2.8m | €2.8m | €2.5m | €2.5m | €2.3m | ▼ 8.3% |
| Other amounts receivable291 | €2.8m | €2.8m | €2.5m | €2.5m | €2.3m | ▼ 8.3% |
| Amounts receivable within one year40/41 | €162 | €909 | - | €1,815 | €2,911 | ▲ 60.4% |
| Other amounts receivable41 | €162 | €909 | - | €1,815 | €2,911 | ▲ 60.4% |
| Current investments50/53 | - | €165,477 | €184,246 | €199,998 | €96,913 | ▼ 51.5% |
| Cash at bank and in hand54/58 | €144,053 | €144,330 | €317,895 | €148,074 | €95,485 | ▼ 35.5% |
| Deferred charges and accrued income490/1 | €103,014 | €167,292 | €232,557 | €311,547 | €401,443 | ▲ 28.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.6m | €15.7m | €15.8m | €16.4m | €16.5m | ▲ 0.7% |
| Equity10/15 | €15.5m | €15.6m | €15.7m | €15.9m | €16.0m | ▲ 0.9% |
| Contributions10/11 | €16.3m | €16.3m | €16.3m | €16.3m | €16.3m | = |
| Capital10 | €16.3m | €16.3m | €16.3m | €16.3m | €16.3m | = |
| Issued capital100 | €16.3m | €16.3m | €16.3m | €16.3m | €16.3m | = |
| Reserves13 | €54,601 | €54,601 | €54,601 | €54,601 | €54,601 | = |
| Non-distributable reserves130/1 | €54,601 | €54,601 | €54,601 | €54,601 | €54,601 | = |
| Legal reserve130 | €54,601 | €54,601 | €54,601 | €54,601 | €54,601 | = |
| Profit (loss) carried forward14 | -€872,874 | -€775,751 | -€627,592 | -€520,776 | -€381,537 | ▲ 26.7% |
| Amounts payable17/49 | €84,486 | €68,144 | €82,627 | €558,548 | €537,711 | ▼ 3.7% |
| Amounts payable within one year42/48 | €84,486 | €68,144 | €82,627 | €543,524 | €522,687 | ▼ 3.8% |
| Trade debts44 | €6,776 | €15,089 | €5,008 | €7,362 | €11,324 | ▲ 53.8% |
| Suppliers440/4 | €6,776 | €15,089 | €5,008 | €7,362 | €11,324 | ▲ 53.8% |
| Taxes, remuneration and social security45 | €54 | - | - | - | - | - |
| Taxes450/3 | €54 | - | - | - | - | - |
| Other amounts payable47/48 | €77,656 | €53,056 | €77,618 | €536,163 | €511,363 | ▼ 4.6% |
| Accrued charges and deferred income492/3 | - | - | - | €15,024 | €15,024 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,126 | €97,123 | €148,159 | €106,816 | €139,239 | ▲ 30.4% |
| Operating cash flow (approximation) | €15,126 | €97,123 | €148,159 | €106,816 | €139,239 | ▲ 30.4% |
| Investment in fixed assets (approximation) | - | €149,998 | -€199,950 | -€706,002 | -€388,084 | ▲ 45.0% |
| Change in cash | - | €277 | €173,565 | -€169,821 | -€52,588 | ▲ 69.0% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
13-05
KBO administration
Address struck
Jules Bordetlaan 160 L’adresse du siège Avenue Jules Bordet 160 Die Sitzadresse Avenue Jules Bordet 160
1140 Evere is doorgehaald met ingang van 1140 Evere · event 15-02-2024
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €15,126 ▼88.4%
Net result drops to €15,126, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €312,403 ▲7.1%
Net result €312,403, the highest in the series.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 6 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
No directors read yet: 0 of 12 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1998
Ground area
3,839 m²
Building footprint
2,152 m²
Volume, LiDAR
26,446 m³
2 parcels, Brussels · tallest building 25.2 m, ±7 floors. Linked by address, not a title deed.
313
companies at this address
See who is registered here
1 establishment unit
Establishment
since 19982.088.398.518
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372B0069/00C000 | Brussels | 2,223 m² | 1 · 1,063 m² | 25.2 m · 7 fl. |
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
96760069B7V556YCX080
Company details
Identification
Legal formPublic limited company
Founded31-08-1998
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.