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FINAXER

Active
Public limited companyfounded 2007active for 19 yearsVergoteplein 19, 1200 Sint-Lambrechts-Woluwe, Belgium161 active companies are registered at this addressKBO/BCE: BE 0887.789.629
Summary

FINAXER has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€6.2m) and a net result of €801,594, of which €1.2m non-recurring income. Equity is shrinking by about 18% per year across the filed financial years. Its solvency ranks better than 9% of 5,766 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisFollow ReportCompare
FINAXERActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
1 site
Size
€57.7mtotal assets 2025
Equity
-€6.2m
Profit
€801,594
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
SOCIETE FINANCIERE DE L'ETOILE · 80%
Holdings
2
2025 accounts filed 13 days late2 of 11 deeds summarised
Why 54raises riskCapped at 59: negative equityLiquidity: current ratio 0.00, cash €47,837Negative equity -€6.2mlowers riskSize: total assets €57.7mLegal form: public limited companyShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 31% of its sector peers (NACE 68, large)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 14+14
equity -10.8% of total assets
Liquidity 2-48
short-term debt 86.6% · cash 0.1%
Profitability 41+4
return on assets 1.4%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (318 companies, NACE 68, large)
Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.8%▲ +0.1 percentage points vs 06-2025 08-2025: 1.1%▲ +0.3 percentage points vs 07-2025highest value 09-2025: 0.7%▼ -0.4 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.4%▼ -0.3 percentage points vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026lowest value 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.5%▲ +0.1 percentage points vs 06-2026 08-2026: 0.8%▲ +0.3 percentage points vs 07-2026 09-2026: 0.5%▼ -0.3 percentage points vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.0, below 1; short-term debt: 86.6% and cash: 0.1% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, large): better than 2% on solvency, 3% on liquidity, 42% on profitability and 76% on growth.

The bankruptcy probability was computed on 26-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 0.00, cash €47,837
NBB · annual accounts
lowers risk · Size: total assets €57.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€6.2m
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 5766 sector peers (2025).
NBB · sector comparison
Position among 5766 sector peers
Solvency
better than 9%
← weakest strongest →
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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
13 days late
2024
6 days late
2023
61 days early
2022
18 days early
2021
11 days early
2020
38 days early
2019
100 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 30 days before the deadline; the sector median (NACE 68) for financial year 2024 is 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 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Back to profitnet €801,594
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€6.2m View
  • Caution: Among the weakest 5% on equitysector median €946,058 · 5,767 companies -€6.2m View
  • Positive: Back in profit in 2025after -€93,765 in 2024 €801,594 View
  • Controlled by SOCIETE FINANCIERE DE L'ETOILEultimately: OM2 80% View

By topic

Financials

Financial year
2025
Total assets
€57.7m
Profit
€801,594
Solvency
-10.8%
Total assets▲ 109%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
SOCIETE FINANCIERE DE L'ETOILE · 80%
  • AKSIL NadiaDirector
  • François DetandtDirector
  • Gilbert E. EkiermanDirector
Go to Board & ownership

Timeline

Events
26
Since
2008
Next accounts
by 31-07-2027
  1. 31-12-2024Liquidity more than doubled
  2. 31-05-2024Annual accounts filed
  3. 09-01-2024Resignations: DAVID RICHARD THOMPSON (director) and EKIERMAN…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
08-03-2007
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Articles of association

Provisions read
17
Annual meeting
Last Tuesday of March at 11:00
Purpose
“Toutes opérations immobilières, en ce compris l'achat, la vente, la cession et l'échange…” (deed in French)
Go to Articles of association

Key facts about FINAXER

What is the company number of FINAXER?
0887.789.629. In Belgium the VAT number is the company number with BE in front: BE 0887.789.629.
Where is FINAXER based?
The registered office is at Vergoteplein 19, 1200 Sint-Lambrechts-Woluwe.Company details
What does FINAXER do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of FINAXER?
Public limited company (NV).
When was FINAXER founded?
On 08-03-2007.
Is FINAXER still active?
Yes, FINAXER is an active enterprise in the KBO register.
How many employees does FINAXER have?
On average 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of FINAXER?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is FINAXER profitable?
In financial year 2025, FINAXER made a profit of €801,594.
Where can I find the annual accounts of FINAXER?
FINAXER filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FINAXER due?
By 31-07-2027, for financial year 2026.Timeline

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