FINASO
ActiveSummary
FINASO has been active since 1998 and the Belgian Official Gazette contains no insolvency signals. The KBO 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 financial years (±0.8% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format
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
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €14,226 in 2025 against €41,615 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.01m
2025
Net result€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€16.5m
2025
Equity€16.0m
2025
Debt€0.5m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.3m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.02m--€0.01m▲ 17.5%-€0.01m▼ 2.9%-€0.1m▼ 834%-€0.01m▲ 91.9%-€0.01m▲ 10.4%-€0.04m▼ 328%-€0.01m▲ 65.8%
Net result€0.3m-€0.3m▲ 7.1%€0.1m▼ 58.3%€0.02m▼ 88.4%€0.1m▲ 542%€0.1m▲ 52.5%€0.1m▼ 27.9%€0.1m▲ 30.4%
Equity€15.0m-€15.4m▲ 2.1%€15.5m▲ 0.8%€15.5m▲ 0.1%€15.6m▲ 0.6%€15.7m▲ 0.9%€15.9m▲ 0.7%€16.0m▲ 0.9%
Total assets€15.0m-€15.4m▲ 2.1%€15.6m▲ 1.5%€15.6m=€15.7m▲ 0.5%€15.8m▲ 1.0%€16.4m▲ 3.7%€16.5m▲ 0.7%
Debt€0.002m-€0.002m▲ 20.3%€0.1m▲ 4,172%€0.08m▼ 19.5%€0.07m▼ 19.3%€0.08m▲ 21.3%€0.6m▲ 576%€0.5m▼ 3.7%
Working capital€4.7m-€4.6m▼ 2.7%€3.1m▼ 33.3%€3.0m▼ 3.2%€3.2m▲ 8.3%€3.2m▼ 1.6%€2.6m▼ 18.4%€2.3m▼ 9.6%
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 | 2018 | 2019 | 2020 | 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 | -€16,074 | -€13,104 | -€13,505 | -€5,527 | -€9,986 | -€8,762 | -€40,647 | -€13,227 | ▲ 67.5% |
| Operating profit (loss)9901 | -€16,942 | -€13,972 | -€14,373 | -€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 | €321,146 | €321,566 | €144,923 | €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 | - |
| Recurring financial charges65 | €12,121 | -€4,840 | €143 | €120 | €120 | -€18,650 | -€593 | €4,436 | - |
| Non-recurring financial charges66B | - | - | - | - | €34,521 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €292,084 | €312,434 | €130,407 | €15,179 | €97,123 | €149,316 | €106,816 | €137,509 | ▲ 28.7% |
| Income taxes67/77 | €455 | €31 | - | €54 | - | €1,158 | - | -€1,730 | - |
| Profit (loss) for the period9904 | €291,630 | €312,403 | €130,407 | €15,126 | €97,123 | €148,159 | €106,816 | €139,239 | ▲ 30.4% |
| Profit (loss) for the period to be appropriated9905 | €291,630 | €312,403 | €130,407 | €15,126 | €97,123 | €148,159 | €106,816 | €139,239 | ▲ 30.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €15.0m | €15.4m | €15.6m | €15.6m | €15.7m | €15.8m | €16.4m | €16.5m | ▲ 0.7% |
| Fixed assets21/28 | €10.3m | €10.8m | €12.4m | €12.5m | €12.4m | €12.6m | €13.3m | €13.7m | ▲ 2.9% |
| Financial fixed assets28 | €10.3m | €10.8m | €12.4m | €12.5m | €12.4m | €12.6m | €13.3m | €13.7m | ▲ 2.9% |
| Current assets29/58 | €4.7m | €4.6m | €3.2m | €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 | €210 | €124 | - | €162 | €0.001m | - | €0.002m | €0.003m | ▲ 60.4% |
| Other amounts receivable41 | - | - | - | €162 | €0.001m | - | €0.002m | €0.003m | ▲ 60.4% |
| Current investments50/53 | €0.1m | €0.08m | €0.07m | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 51.5% |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.3m | €0.1m | €0.1m | ▼ 35.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 28.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €15.0m | €15.4m | €15.6m | €15.6m | €15.7m | €15.8m | €16.4m | €16.5m | ▲ 0.7% |
| Equity10/15 | €15.0m | €15.4m | €15.5m | €15.5m | €15.6m | €15.7m | €15.9m | €16.0m | ▲ 0.9% |
| Contributions10/11 | €16.3m | €16.3m | €16.3m | €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 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | -€1.3m | -€1.0m | -€0.9m | -€0.9m | -€0.8m | -€0.6m | -€0.5m | -€0.4m | ▲ 26.7% |
| Amounts payable17/49 | €0.002m | €0.002m | €0.1m | €0.08m | €0.07m | €0.08m | €0.6m | €0.5m | ▼ 3.7% |
| Amounts payable within one year42/48 | €0.002m | €0.002m | €0.1m | €0.08m | €0.07m | €0.08m | €0.5m | €0.5m | ▼ 3.8% |
| Trade debts44 | €0.002m | €0.002m | €0.008m | €0.007m | €0.02m | €0.005m | €0.007m | €0.01m | ▲ 53.8% |
| Suppliers440/4 | - | - | - | €0.007m | €0.02m | €0.005m | €0.007m | €0.01m | ▲ 53.8% |
| Taxes, remuneration and social security45 | - | - | - | €54 | - | - | - | - | - |
| Taxes450/3 | - | - | - | €54 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.08m | €0.05m | €0.08m | €0.5m | €0.5m | ▼ 4.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.02m | €0.02m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.1m | €0.02m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 30.4% |
| Operating cash flow (approximation) | €0.3m | €0.3m | €0.1m | €0.02m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 30.4% |
| Investment in fixed assets (approximation) | - | -€0.4m | -€1.7m | -€0.1m | €0.1m | -€0.2m | -€0.7m | -€0.4m | ▲ 45.0% |
| Change in cash | - | -€0.05m | €0.01m | €0.007m | €277 | €0.2m | -€0.2m | -€0.05m | ▲ 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.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 31-07-2026 | 2026-00380789 |
| 31-12-2024 | full format | 22-08-2025 | 2025-00408614 |
| 31-12-2023 | full format | 21-08-2024 | 2024-00363314 |
| 31-12-2022 | full format | 31-07-2023 | 2023-00314569 |
| 31-12-2021 | full format | 31-07-2022 | 2022-20253647 |
| 31-12-2020 | full format | 31-08-2021 | 2021-65500324 |
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-65800447 |
| 31-12-2018 | full format | 14-06-2019 | 2019-19100213 |
| 31-12-2017 | full format | 06-08-2018 | 2018-43700447 |
| 31-12-2016 | full format | 27-07-2017 | 2017-37000392 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.