FINASSIM
ActiveThe computed 12-month bankruptcy probability of FINASSIM is 1.8% (moderate). The 2025 annual accounts show negative equity (€-163k) and a net result of €-23k. Equity is shrinking by ~45.2% per year across the filed fiscal years. The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-10
Solvency33=
Growth58=
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.09 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-36.7%
Return on assets
-5.1%
Age of the figures
11 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€163k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d late
2023
on the day
2022
6 d early
2021
2 d early
2020
7 d early
2019
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-163k▼ 16.2%
2024 · €-140k
2018: €67k
2019: €39k
2020: €7k
2021: €-57k
2022: €-83k
2023: €-118k
2024: €-140k
2018 → 2025
Total assets
€443k▼ 6.3%
2024 · €473k
2018: €584k
2019: €578k
2020: €545k
2021: €526k
2022: €512k
2023: €504k
2024: €473k
2018 → 2025
Net result
€-23k▼ 0.9%
2024 · €-22k
2018: €-29k
2019: €-28k
2020: €-31k
2021: €-64k
2022: €-26k
2023: €-35k
2024: €-22k
2018 → 2025
Working capital
€-457k▲ 5.3%
2024 · €-483k
2018: €-466k
2019: €-488k
2020: €-484k
2021: €-429k
2022: €-470k
2023: €-500k
2024: €-483k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-57k-€-83k▼ 45.7%€-118k▼ 41.7%€-140k▼ 19.1%€-163k▼ 16.2%
Operating result€-45k-€-14k▲ 68.6%€-24k▼ 69.3%€-12k▲ 50.0%€-12k▼ 2.7%
Net result€-64k-€-26k▲ 59.5%€-35k▼ 32.8%€-22k▲ 35.0%€-23k▼ 0.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €12k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €443k
Fixed assets
€367k▼ 13.7%
Current assets
€76k▲ 59.3%
Key figures and ratios
EBITDA
€46k▼
2024 · €48k
Cash flow
€36k▼
2024 · €37k
Solvency
-36.7%▼
2024 · -29.6%
Current ratio
0.14▲
2024 · 0.09
Quick ratio
0.14▲
2024 · 0.09
Debt / equity
-3.49▲
2024 · -4.09
ROE
13.9%▼
2024 · 16.0%
ROA
-5.1%▼
2024 · -4.7%
Interest coverage
4.62▼
2024 · 4.72
Debt
€567k▼
2024 · €573k
Debt ≤ 1 year
€534k▲
2024 · €531k
Debt > 1 year
€26k▼
2024 · €42k
Income taxes
€320▲
2024 · €285
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€473k€443k▼
Fixed assets21/28€425k€367k▼
Tangible fixed assets22/27€425k€367k▼
Land and buildings22€411k€364k▼
Furniture and vehicles24€14k€3k▼
Financial fixed assets28€87€87=
Current assets29/58€48k€76k▲
Cash at bank and in hand54/58€43k€68k▲
Deferred charges and accrued income490/1€5k€8k▲
Equity and liabilities
Total equity and liabilities10/49€473k€443k▼
Equity10/15€-140k€-163k▼
Contributions10/11€19k€19k=
Revaluation surpluses12€378k€378k=
Reserves13€248€248=
Distributable reserves133€248€248=
Profit (loss) carried forward14€-537k€-560k▼
Provisions and deferred taxes16€40k€39k▼
Provisions for liabilities and charges160/5€40k€39k▼
Environmental obligations163€40k€39k▼
Amounts payable17/49€573k€567k▼
Amounts payable after more than one year17€42k€26k▼
Financial debts170/4€42k€26k▼
Amounts payable within one year42/48€531k€534k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€285€320▲
Taxes450/3€285€320▲
Other amounts payable47/48€510k€513k▲
Accrued charges and deferred income492/3€422€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€58k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-2k€-2k=
Other operating charges640/8€7k€7k▲
Gross operating margin9900€53k€51k▼
Operating profit (loss)9901€-12k€-12k▼
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€-22k€-22k▼
Income taxes67/77€285€320▲
Profit (loss) for the period9904€-22k€-23k▼
Profit (loss) for the period to be appropriated9905€-22k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-537k€-560k▼
Profit (loss) brought forward from the previous period14P€-515k€-537k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-64k
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 11 days late
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Roodebeeksteenweg 1281200 Sint-Lambrechts-WoluweGround area
814 m²
Building footprint
523 m²
Volume, LiDAR
6,015 m³
2 parcels, Brussels · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Schroeflaan 55, 1150 Sint-Pieters-Woluwe
since 19872.032.641.928
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0133/00T002 | Brussels | 442 m² | 1 · 445 m² | 18.7 m · 5 fl. |
| 21683D0267/00N006 | Brussels | 372 m² | 1 · 78 m² | 12.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-1987
Fiscal year end30-09
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.