Finches
ActiveSummary
Finches has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €259k and a net result of €58k. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 8095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+18
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 18.94 against 4.24 in 2023; short-term debt: 5.1% and cash: 81.6% of total assets), and 5.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.9%
Return on assets
21.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
36 d early
2022
31 d early
2021
26 d early
2020
16 d early
2019
49 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€259k▲ 29.1%
2023 · €201k
2018: €86klowest in 7 years
2019: €108k▲ +25.7% vs 2018
2020: €121k▲ +12.5% vs 2019
2021: €152k▲ +25.1% vs 2020
2022: €221k▲ +45.3% vs 2021
2023: €201k▼ -9.0% vs 2022
2024: €259k▲ +29.1% vs 2023highest in 7 years
2018 → 2024
Total assets
€273k▲ 6.3%
2023 · €257k
2018: €102klowest in 7 years
2019: €125k▲ +22.4% vs 2018
2020: €145k▲ +15.6% vs 2019
2021: €173k▲ +19.7% vs 2020
2022: €240k▲ +38.3% vs 2021
2023: €257k▲ +7.2% vs 2022
2024: €273k▲ +6.3% vs 2023highest in 7 years
2018 → 2024
Net result
€58k▲ 193%
2023 · €20k
2018: €31k
2019: €22k▼ -29.6% vs 2018
2020: €13k▼ -39.1% vs 2019lowest in 7 years
2021: €30k▲ +127% vs 2020
2022: €69k▲ +125% vs 2021highest in 7 years
2023: €20k▼ -70.9% vs 2022
2024: €58k▲ +193% vs 2023
2018 → 2024
Working capital
€249k▲ 36.5%
2023 · €182k
2018: €86k
2019: €104k▲ +21.2% vs 2018
2020: €80k▼ -22.7% vs 2019lowest in 7 years
2021: €121k▲ +50.5% vs 2020
2022: €163k▲ +35.1% vs 2021
2023: €182k▲ +11.6% vs 2022
2024: €249k▲ +36.5% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€121k-€152k▲ 25.1%€221k▲ 45.3%€201k▼ 9.0%€259k▲ 29.1%
2020: €121klowest in 5 years
2021: €152k▲ +25.1% vs 2020
2022: €221k▲ +45.3% vs 2021
2023: €201k▼ -9.0% vs 2022
2024: €259k▲ +29.1% vs 2023highest in 5 years
Operating result€20k-€47k▲ 135%€97k▲ 104%€31k▼ 68.2%€84k▲ 172%
2020: €20klowest in 5 years
2021: €47k▲ +135% vs 2020
2022: €97k▲ +104% vs 2021highest in 5 years
2023: €31k▼ -68.2% vs 2022
2024: €84k▲ +172% vs 2023
Net result€13k-€30k▲ 127%€69k▲ 125%€20k▼ 70.9%€58k▲ 193%
2020: €13klowest in 5 years
2021: €30k▲ +127% vs 2020
2022: €69k▲ +125% vs 2021highest in 5 years
2023: €20k▼ -70.9% vs 2022
2024: €58k▲ +193% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 172% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €273k
Fixed assets
€11k ▼ 43.6%
Current assets
€263k ▲ 10.2%
Equity and liabilities €273k
Equity
€259k ▲ 29.1%
Debt
€14k ▼ 75.2%
Debt's share of the balance-sheet total falls from 21.9% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89k▲
2023 · €39k
Cash flow
€64k▲
2023 · €28k
Current ratio
18.94▲
2023 · 4.24
Debt to equity
0.05▼
2023 · 0.28
ROE
22.6%▲
2023 · 10.0%
ROA
21.4%▲
2023 · 7.8%
Interest coverage
104.71▲
2023 · 32.10
Debt ≤ 1 year
€14k▼
2023 · €56k
Income taxes
€25k▲
2023 · €11k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€257k€273k▲
Fixed assets21/28€19k€11k▼
Tangible fixed assets22/27€19k€11k▼
Plant, machinery and equipment23€5k€1k▼
Furniture and vehicles24€13k€9k▼
Current assets29/58€238k€263k▲
Stocks and contracts in progress3€2k-
Stocks30/36€2k-
Amounts receivable within one year40/41€50k€36k▼
Trade receivables40€20k€22k▲
Other amounts receivable41€30k€14k▼
Cash at bank and in hand54/58€183k€223k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€257k€273k▲
Equity10/15€201k€259k▲
Contributions10/11€12k€12k=
Reserves13€121k€179k▲
Distributable reserves133€121k€179k▲
Profit (loss) carried forward14€67k€67k=
Amounts payable17/49€56k€14k▼
Amounts payable within one year42/48€56k€14k▼
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€9k€10k▲
Other amounts payable47/48€40k-
Accrued charges and deferred income492/3€150€89▼
Income statement
Code20232024
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€5k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11k-
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€10k€512▼
Gross operating margin9900€61k€91k▲
Operating profit (loss)9901€31k€84k▲
Financial income75/76B€1k€699▼
Recurring financial income75€1k€699▼
Financial charges65/66B€1k€847▼
Recurring financial charges65€1k€847▼
Profit (loss) for the period before taxes9903€31k€84k▲
Income taxes67/77€11k€25k▲
Profit (loss) for the period9904€20k€58k▲
Profit (loss) for the period to be appropriated9905€20k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€87k€126k▲
Profit (loss) brought forward from the previous period14P€67k€67k=
Transfer from equity791/2€40k-
Transfer to equity691/2€20k€58k▲
To other reserves6921€20k€58k▲
Profit to be distributed694/7€40k-
Return on contributions (dividend)694€40k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €16k | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €9k | €12k | €8k | €5k | ▼ 36.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-5k | €11k | - | - |
| Other operating charges640/8 | - | €3k | €2k | €2k | €2k | ▼ 26.9% |
| Non-recurring operating charges66A | - | €413 | €113 | €10k | €512 | ▼ 94.8% |
| Gross operating margin9900 | €34k | €60k | €105k | €61k | €91k | ▲ 47.7% |
| Operating profit (loss)9901 | €20k | €47k | €97k | €31k | €84k | ▲ 172% |
| Financial income75/76B | - | €10 | €478 | €1k | €699 | ▼ 34.1% |
| Recurring financial income75 | €3 | €10 | €478 | €1k | €699 | ▼ 34.1% |
| Financial charges65/66B | - | €2k | €2k | €1k | €847 | ▼ 29.8% |
| Recurring financial charges65 | €47 | €2k | €2k | €1k | €847 | ▼ 29.8% |
| Profit (loss) for the period before taxes9903 | €20k | €45k | €95k | €31k | €84k | ▲ 173% |
| Income taxes67/77 | €7k | €15k | €27k | €11k | €25k | ▲ 136% |
| Profit (loss) for the period9904 | €13k | €30k | €69k | €20k | €58k | ▲ 193% |
| Profit (loss) for the period to be appropriated9905 | €13k | €30k | €69k | €20k | €58k | ▲ 193% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €145k | €173k | €240k | €257k | €273k | ▲ 6.3% |
| Fixed assets21/28 | €41k | €31k | €57k | €19k | €11k | ▼ 43.6% |
| Tangible fixed assets22/27 | €41k | €31k | €57k | €19k | €11k | ▼ 43.6% |
| Plant, machinery and equipment23 | - | €27k | €39k | €5k | €1k | ▼ 76.6% |
| Furniture and vehicles24 | - | €4k | €19k | €13k | €9k | ▼ 30.1% |
| Current assets29/58 | €104k | €142k | €182k | €238k | €263k | ▲ 10.2% |
| Stocks and contracts in progress3 | - | €12k | €13k | €2k | - | - |
| Stocks30/36 | - | €12k | €13k | €2k | - | - |
| Amounts receivable within one year40/41 | €25k | €20k | €64k | €50k | €36k | ▼ 28.0% |
| Trade receivables40 | - | €18k | €24k | €20k | €22k | ▲ 9.8% |
| Other amounts receivable41 | - | €3k | €40k | €30k | €14k | ▼ 53.8% |
| Cash at bank and in hand54/58 | €74k | €107k | €102k | €183k | €223k | ▲ 22.0% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €3k | €3k | ▲ 17.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €145k | €173k | €240k | €257k | €273k | ▲ 6.3% |
| Equity10/15 | €121k | €152k | €221k | €201k | €259k | ▲ 29.1% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €42k | €72k | €141k | €121k | €179k | ▲ 48.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €70k | €139k | €121k | €179k | ▲ 48.4% |
| Profit (loss) carried forward14 | €67k | €67k | €67k | €67k | €67k | = |
| Amounts payable17/49 | €23k | €21k | €19k | €56k | €14k | ▼ 75.2% |
| Amounts payable within one year42/48 | €23k | €21k | €19k | €56k | €14k | ▼ 75.3% |
| Trade debts44 | €7k | €2k | €4k | €7k | €4k | ▼ 45.6% |
| Suppliers440/4 | - | €2k | €4k | €7k | €4k | ▼ 45.6% |
| Taxes, remuneration and social security45 | - | €19k | €15k | €9k | €10k | ▲ 7.5% |
| Taxes450/3 | - | €19k | €15k | €9k | €10k | ▲ 7.5% |
| Other amounts payable47/48 | - | - | - | €40k | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €150 | €89 | ▼ 40.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €30k | €69k | €20k | €58k | ▲ 193% |
| + Depreciation and write-downs630 | €11k | €9k | €12k | €8k | €5k | ▼ 36.7% |
| Operating cash flow (approximation) | €25k | €40k | €81k | €28k | €64k | ▲ 127% |
| Investment in fixed assets (approximation) | - | €948 | €-38k | €31k | €3k | ▼ 90.0% |
| Change in cash | - | €33k | €-5k | €80k | €40k | ▼ 50.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 18.94
Current ratio from 4.24 to 18.94; short-term debt falls from €56k to €14k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €69k ▲125%
Operating result €97k, net result €69k, both a record.
31-12
Financial
Equity above €200kEq €221k ▲45.3%
5 profitable years in a row build equity to €221k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €152k ▲25.1%
4 profitable years in a row build equity to €152k.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €13k ▼39.1%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €108k ▲25.7%
2 profitable years in a row build equity to €108k.
Show earlier events
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 2014
Ground area
8,313 m²
Building footprint
432 m²
Volume, LiDAR
16,680 m³
Parcel 11003A0341/00B002, Flanders · tallest building 43.5 m, ±13 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
Finches
since 20142.241.571.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0341/00B002 | Flanders | 8,313 m² | 1 · 432 m² | 43.5 m · 13 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,436 EUR awarded · 1,436 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,436 EUR | 1,436 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,798 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
Contact
E-mail
vinkengeert@gmail.com
Phone
+32 (3) 4483325
Phone
+32 (3) 448.33.2Antwerpen
Fax
+32 (3) 4483323Antwerpen
Scores and ratios are computed by Checked and are not a credit decision.