FINCARE
Open bankruptcySummary
A bankruptcy procedure is open for FINCARE according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-393k) and a net result of €-97k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 12-09-2024, 43 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
43 d late
2022
397 d late
2021
11 d late
2020
19 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-393k▼ 32.8%
2022 · €-296k
2018: €21k
2019: €-44k
2020: €-151k
2021: €-237k
2022: €-296k
2018 → 2023
Total assets
€18k▼ 82.8%
2022 · €105k
2018: €283k
2019: €257k
2020: €145k
2021: €119k
2022: €105k
2018 → 2023
Net result
€-97k▼ 64.2%
2022 · €-59k
2018: €-2k
2019: €-66k
2020: €-107k
2021: €-86k
2022: €-59k
2018 → 2023
Working capital
€-223k▼ 105%
2022 · €-109k
2018: €-56k
2019: €-112k
2020: €-128k
2021: €-48k
2022: €-109k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-44k-€-151k▼ 241%€-237k▼ 56.8%€-296k▼ 25.0%€-393k▼ 32.8%
Operating result€-56k-€-98k▼ 76.2%€-81k▲ 17.5%€-53k▲ 33.9%€-91k▼ 70.6%
Net result€-66k-€-107k▼ 62.3%€-86k▲ 19.6%€-59k▲ 31.0%€-97k▼ 64.2%
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 €91k in 2023 against €53k in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €18k
Fixed assets
€14k ▼ 85.8%
Current assets
€4k ▼ 41.5%
Key figures and ratios
EBITDA
€-85k▼
2022 · €-33k
Cash flow
€-91k▼
2022 · €-39k
Current ratio
0.02▼
2022 · 0.06
Debt to equity
-1.05▲
2022 · -1.35
ROA
-537.6%▼
2022 · -56.4%
Interest coverage
-13.87▼
2022 · -5.60
Debt
€411k▲
2022 · €401k
Debt ≤ 1 year
€227k▲
2022 · €116k
Debt > 1 year
€183k▼
2022 · €285k
A ratio outside any meaningful range has been withheld (balance sheet total €18k, equity €-393k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 46 lines
Balance sheet
Code20222023
Assets
Total assets20/58€105k€18k▼
Fixed assets21/28€98k€14k▼
Intangible fixed assets21€12k€9k▼
Tangible fixed assets22/27€86k€4k▼
Furniture and vehicles24€3k€4k▲
Other tangible fixed assets26€83k-
Financial fixed assets28€602€602=
Current assets29/58€7k€4k▼
Amounts receivable after more than one year29€4k-
Trade receivables290€4k-
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€412€412=
Equity and liabilities
Total equity and liabilities10/49€105k€18k▼
Equity10/15€-296k€-393k▼
Contributions10/11€20k€20k=
Reserves13€72€72=
Non-distributable reserves130/1€72€72=
Reserves not available under the articles1311€72€72=
Profit (loss) carried forward14€-316k€-413k▼
Amounts payable17/49€401k€411k▲
Amounts payable after more than one year17€285k€183k▼
Financial debts170/4€285k-
Other amounts payable178/9-€183k
Amounts payable within one year42/48€116k€227k▲
Current portion of amounts payable after more than one year42€5k€105k▲
Financial debts43€28k€30k▲
Credit institutions430/8€28k€30k▲
Trade debts44€12k€13k▲
Suppliers440/4€12k€13k▲
Other amounts payable47/48€71k€79k▲
Accrued charges and deferred income492/3-€759
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€6k▼
Other operating charges640/8€410€730▲
Non-recurring operating charges66A-€79k
Gross operating margin9900€-32k€-5k▲
Operating profit (loss)9901€-53k€-91k▼
Financial income75/76B€5€7▲
Recurring financial income75€5€7▲
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€-59k€-97k▼
Income taxes67/77€1-
Profit (loss) for the period9904€-59k€-97k▼
Profit (loss) for the period to be appropriated9905€-59k€-97k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-316k€-413k▼
Profit (loss) brought forward from the previous period14P€-257k€-316k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
14-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · FINCARE BV CENTRUM-ZUID 1111, 3530 HOUTHALEN-HELCHTEREN · event 07-11-2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 397 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-107k
Net result drops to €-107k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
SignalFinancial 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, Houthalen-Helchteren · 1 establishment unit since 2022
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.
Centrum-Zuid 11113530 Houthalen-HelchterenGround area
1.5 ha
Building footprint
4,007 m²
Parcel 72015C0697/00T000, Flanders. Linked by address, not a title deed.
1 establishment unit
Fincare
since 20222.337.455.619
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015C0697/00T000 | Flanders | 1.5 ha | 1 · 4,007 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | WINNY TIRMARCHE STATIONSSTRAAT 108A 108,
3400 LANDEN |
07-11-2024 → present |
| Curator | KARL VANSTI-
PELEN STATIONSSTRAAT 108, 3400 LANDEN- |
07-11-2024 → present |
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,798 EUR awarded · 1,798 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,089 EUR | 1,089 EUR |
| 2023 | 1 | 188 EUR | 188 EUR |
| 2022 | 1 | 521 EUR | 521 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-03-2017
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.