FINAVIA
ActiveFINAVIA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-198k) and a net result of €-24k. Equity is shrinking by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-58
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.55 in 2024; short-term debt: 317.2% and cash: 92.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
-217.2%
Return on assets
-25.9%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-198k
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
27 d early
2023
7 d late
2022
17 d early
2021
25 d early
2020
32 d early
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-24k
2024 · €30k
2018: €-2k
2019: €-2k
2020: €-4k
2021: €-4k
2022: €-4k
2023: €-363k
2024: €30k
2018 → 2025
Working capital
€-200k▼ 13.3%
2024 · €-177k
2018: €95k
2019: €84k
2020: €43k
2021: €33k
2022: €20k
2023: €-344k
2024: €-177k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€163k-€159k▼ 2.5%€-205k€-174k▲ 14.9%€-198k▼ 13.5%
Operating result€-2k-€-3k▼ 32.2%€-26k▼ 730%€53k€-11k
Net result€-4k-€-4k▼ 10.0%€-363k▼ 9,005%€30k€-24k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €53k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91k
Fixed assets
€3k=
Current assets
€89k▼ 59.0%
Key figures and ratios
EBITDA
€-11k▼
2024 · €58k
Cash flow
€-24k▼
2024 · €36k
Solvency
-217.2%▼
2024 · -79.7%
Current ratio
0.31▼
2024 · 0.55
Quick ratio
0.31▼
2024 · 0.55
Debt / equity
-1.46▲
2024 · -2.25
ROA
-25.9%▼
2024 · 13.9%
Interest coverage
-0.83▼
2024 · 2.62
Debt
€289k▼
2024 · €393k
Debt ≤ 1 year
€289k▼
2024 · €393k
Income taxes
€27▲
2024 · €0
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€219k€91k▼
Fixed assets21/28€3k€3k=
Tangible fixed assets22/27€0-
Land and buildings22€0-
Plant, machinery and equipment23€0-
Furniture and vehicles24€0-
Financial fixed assets28€3k€3k=
Current assets29/58€216k€89k▼
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40€0€3k▲
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€213k€84k▼
Equity and liabilities
Total equity and liabilities10/49€219k€91k▼
Equity10/15€-174k€-198k▼
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Profit (loss) carried forward14€-256k€-280k▼
Amounts payable17/49€393k€289k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€393k€289k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€6k€10k▲
Suppliers440/4€6k€10k▲
Other amounts payable47/48€387k€279k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€79k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€0▼
Other operating charges640/8€1k€424▼
Gross operating margin9900€60k€-10k▼
Operating profit (loss)9901€53k€-11k▼
Financial income75/76B€214€93▼
Recurring financial income75€214€93▼
Financial charges65/66B€22k€13k▼
Recurring financial charges65€22k€13k▼
Profit (loss) for the period before taxes9903€30k€-24k▼
Income taxes67/77€0€27▲
Profit (loss) for the period9904€30k€-24k▼
Profit (loss) for the period to be appropriated9905€30k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-256k€-280k▼
Profit (loss) brought forward from the previous period14P€-287k€-256k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (5 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €30k
Net result €30k after 6 loss-making years.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 7 days late
2023
31-12
Financial
Weakest financial yearnet €-363k
Net result drops to €-363k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Tournai · 1 establishment unit since 1998
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.
Chaussée de Lille(TOU) 3277500 TournaiGround area
2,610 m²
Building footprint
832 m²
Volume, LiDAR
4,774 m³
2 parcels, Wallonia · tallest building 17.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Place de Lille(TOU) 4, 7500 Tournai
since 19982.087.040.716
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0290/00F000 | Wallonia | 1,965 m² | 1 · 462 m² | - |
| 57081E0572/00F000 ProtectedMonument |
Wallonia | 645 m² | 1 · 370 m² | 17.3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
894500X623MZLXIYR544
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Of 82,518 companies in sector 70200 we hold annual accounts for 52,573. 40,756 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-05-1998
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.