Summary
FINCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €237,671 and a net result of -€64,065. Equity is shrinking by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 2464 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 2464 sector peers (2025).
NBB · sector comparisonPosition among 2464 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 11-02-2026, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
48 d early
2024
18 d early
2023
55 d early
2022
53 d early
2021
56 d early
2020
58 d early
2019
88 d 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 54 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today. Usually files around 6 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-08-2026 close29-09-2026 today31-03-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€237,671▼ 21.2%
2024 · €301,735
Net result
-€64,065▼ 15.1%
2024 · -€55,664
Total assets
€3.8m▲ 4.6%
2024 · €3.7m
Solvency
6.2%▼ 2.0pp
2024 · 8.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€69,765▼ 21.8%€79,319▲ 13.7%€99,942▲ 26.0%€66,032▼ 33.9%€46,858▼ 29.0%
Net result-€34,913below the sector's middle half▲ 67.4%-€48,108below the sector's middle half▼ 37.8%-€37,099below the sector's middle half▲ 22.9%-€55,664below the sector's middle half▼ 50.0%-€64,065below the sector's middle half▼ 15.1%
Equity€673,882above the sector's middle half▼ 16.7%€570,775within the sector's middle half▼ 15.3%€382,399within the sector's middle half▼ 33.0%€301,735within the sector's middle half▼ 21.1%€237,671within the sector's middle half▼ 21.2%
Total assets€3.5mabove the sector's middle half▼ 3.6%€3.6mabove the sector's middle half▲ 3.3%€3.5mabove the sector's middle half▼ 1.3%€3.7mabove the sector's middle half▲ 3.4%€3.8mabove the sector's middle half▲ 4.6%
Debt€46,655▼ 78.0%€77,221▲ 65.5%€13,377▼ 82.7%€4,001▼ 70.1%€3,260▼ 18.5%
Working capital€2.4mabove the sector's middle half▲ 17.4%€2.5mabove the sector's middle half▲ 6.2%€2.6mabove the sector's middle half▲ 3.4%€2.8mabove the sector's middle half▲ 6.5%€3.1mabove the sector's middle half▲ 11.0%
Solvency19.4%within the sector's middle half▼ 3.0pp15.9%below the sector's middle half▼ 3.5pp10.8%below the sector's middle half▼ 5.1pp8.2%below the sector's middle half▼ 2.6pp6.2%below the sector's middle half▼ 2.0pp
Current ratio51.55above the sector's middle half▲ 41.0633.43above the sector's middle half▼ 18.12
Return on assets (ROA)-1.0%below the sector's middle half▲ 2.0pp-1.3%below the sector's middle half▼ 0.3pp-1.0%below the sector's middle half▲ 0.3pp-1.5%below the sector's middle half▼ 0.5pp-1.7%below the sector's middle half▼ 0.2pp
Staff (FTE)1=1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
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 has fallen two years in a row; 2025 is 29% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€765,310 ▼ 14.8%
Current assets
€3.1m ▲ 10.9%
Equity and liabilities €3.8m
Equity
€237,671 ▼ 21.2%
Provisions
€3.6m ▲ 7.0%
Debt
€3,260 ▼ 18.5%
Debt's share of the balance-sheet total stays at 0.1%.
Key figures and ratios
ROE
-27.0%▼
2024 · -18.4%
Debt ≤ 1 year
€3,260▼
2024 · €4,001
Income taxes
€1,037
Staff costs
€35,793▲
2024 · €35,096
A ratio outside any meaningful range has been withheld (balance sheet total €3.8m, equity €237,671).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €33,001 | €33,000 | €35,096 | €35,793 | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79,961 | €65,308 | €66,441 | €71,168 | €97,407 | ▲ 36.9% |
| Other operating charges640/8 | - | €3,807 | €8,603 | €5,491 | €4,563 | ▼ 16.9% |
| Gross operating margin9900 | €199,258 | €181,435 | €207,986 | €177,787 | €184,621 | ▲ 3.8% |
| Operating profit (loss)9901 | €69,765 | €79,319 | €99,942 | €66,032 | €46,858 | ▼ 29.0% |
| Financial income75/76B | - | €89,079 | €69,337 | €88,995 | €125,172 | ▲ 40.7% |
| Recurring financial income75 | €113,924 | €89,079 | €69,337 | €72,995 | €125,172 | ▲ 71.5% |
| Non-recurring financial income76B | - | - | - | €16,000 | - | - |
| Financial charges65/66B | - | €191,751 | €216,559 | €234,399 | €260,620 | ▲ 11.2% |
| Recurring financial charges65 | €212,514 | €191,751 | €216,559 | €234,399 | €260,620 | ▲ 11.2% |
| Profit (loss) for the period before taxes9903 | -€28,825 | -€23,353 | -€47,280 | -€79,372 | -€88,590 | ▼ 11.6% |
| Transfer from deferred taxes780 | - | €4,975 | €4,975 | €23,708 | €25,562 | ▲ 7.8% |
| Income taxes67/77 | €11,063 | €29,730 | -€5,206 | - | €1,037 | - |
| Profit (loss) for the period9904 | -€34,913 | -€48,108 | -€37,099 | -€55,664 | -€64,065 | ▼ 15.1% |
| Transfer from tax-exempt reserves789 | - | €9,663 | €9,663 | €46,042 | €49,641 | ▲ 7.8% |
| Profit (loss) for the period to be appropriated9905 | -€25,250 | -€38,445 | -€27,436 | -€9,622 | -€14,424 | ▼ 49.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €3.6m | €3.5m | €3.7m | €3.8m | ▲ 4.6% |
| Fixed assets21/28 | €1.1m | €1.0m | €936,012 | €898,013 | €765,310 | ▼ 14.8% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €936,012 | €898,013 | €765,310 | ▼ 14.8% |
| Land and buildings22 | - | €960,340 | €905,017 | €852,768 | €733,916 | ▼ 13.9% |
| Plant, machinery and equipment23 | - | €22,708 | €18,601 | €14,136 | €11,492 | ▼ 18.7% |
| Furniture and vehicles24 | - | €19,405 | €12,394 | €31,109 | €19,902 | ▼ 36.0% |
| Current assets29/58 | €2.4m | €2.6m | €2.6m | €2.8m | €3.1m | ▲ 10.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €8,241 | - |
| Other amounts receivable291 | - | - | - | - | €8,241 | - |
| Amounts receivable within one year40/41 | - | - | €27,997 | €29,922 | - | - |
| Other amounts receivable41 | - | - | €27,997 | €29,922 | - | - |
| Current investments50/53 | €2.4m | €2.6m | €2.5m | €2.6m | €2.8m | ▲ 6.8% |
| Cash at bank and in hand54/58 | €31,318 | €29,800 | €38,151 | €90,526 | €234,412 | ▲ 159% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €3.6m | €3.5m | €3.7m | €3.8m | ▲ 4.6% |
| Equity10/15 | €673,882 | €570,775 | €382,399 | €301,735 | €237,671 | ▼ 21.2% |
| Contributions10/11 | €40,750 | €40,750 | €40,750 | €40,750 | €40,750 | = |
| Capital10 | - | - | - | €40,750 | €40,750 | = |
| Issued capital100 | - | - | - | €40,750 | €40,750 | = |
| Reserves13 | €681,461 | €616,799 | €417,136 | €346,094 | €296,453 | ▼ 14.3% |
| Non-distributable reserves130/1 | - | €248,500 | €58,500 | €33,500 | €33,500 | = |
| Reserves not available under the articles1311 | - | €215,000 | €25,000 | - | - | - |
| Other1319 | - | €33,500 | €33,500 | €33,500 | €33,500 | = |
| Tax-exempt reserves132 | - | €215,799 | €206,136 | €160,094 | €110,453 | ▼ 31.0% |
| Distributable reserves133 | - | €152,500 | €152,500 | €152,500 | €152,500 | = |
| Profit (loss) carried forward14 | -€48,329 | -€86,774 | -€75,487 | -€85,109 | -€99,532 | ▼ 16.9% |
| Provisions and deferred taxes16 | €2.7m | €2.9m | €3.1m | €3.4m | €3.6m | ▲ 7.0% |
| Provisions for liabilities and charges160/5 | - | €2.8m | €3.0m | €3.3m | €3.5m | ▲ 7.9% |
| Pensions and similar obligations160 | - | €468,000 | €468,000 | €468,000 | €468,000 | = |
| Other liabilities and charges164/5 | - | €2.4m | €2.6m | €2.8m | €3.1m | ▲ 9.3% |
| Deferred taxes168 | - | €111,120 | €106,145 | €82,437 | €56,874 | ▼ 31.0% |
| Amounts payable17/49 | €46,655 | €77,221 | €13,377 | €4,001 | €3,260 | ▼ 18.5% |
| Amounts payable within one year42/48 | €46,655 | €77,221 | €13,377 | €4,001 | €3,260 | ▼ 18.5% |
| Trade debts44 | - | €1,122 | €1,126 | - | €509 | - |
| Suppliers440/4 | - | €1,122 | €1,126 | - | €509 | - |
| Taxes, remuneration and social security45 | - | €30,298 | €12,251 | €4,001 | €2,751 | ▼ 31.2% |
| Taxes450/3 | - | €27,547 | €9,500 | €1,250 | - | - |
| Remuneration and social security454/9 | - | €2,751 | €2,751 | €2,751 | €2,751 | = |
| Other amounts payable47/48 | - | €45,801 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,913 | -€48,108 | -€37,099 | -€55,664 | -€64,065 | ▼ 15.1% |
| + Depreciation and write-downs630 | €79,961 | €65,308 | €66,441 | €71,168 | €97,407 | ▲ 36.9% |
| Operating cash flow (approximation) | €45,048 | €17,200 | €29,342 | €15,504 | €33,342 | ▲ 115% |
| Investment in fixed assets (approximation) | - | -€2,710 | €0 | -€33,169 | €35,296 | ▲ 206% |
| Change in cash | - | -€1,518 | €8,351 | €52,375 | €143,886 | ▲ 175% |
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
Next filing, fiscal year 2026, expected by
2026
09-09
State Gazette act
Registered office · MiscellaneousRegistered-office move2 facts ▸
State Gazette act
Registered office · Miscellaneous
Registered-office move2 facts ▸
- Board meeting, 07-09-2026
- Registered-office move, Lijstergalm 54, 8520 Kuurne
11-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
Financial
Liquidity quadruplescurrent ratio 689.92
Current ratio from 194.52 to 689.92; short-term debt falls from €13,377 to €4,001.
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
Financial
Liquidity times 6current ratio 194.52
Current ratio from 33.43 to 194.52; short-term debt falls from €77,221 to €13,377.
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
Financial
Liquidity times 5current ratio 51.55
Current ratio from 10.49 to 51.55; short-term debt falls from €211,676 to €46,655.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
Financial
Weakest financial yearnet -€107,223
Net result drops to -€107,223, the lowest in the series; recovery starts the following year.
31-08
Financial
Liquidity triplescurrent ratio 10.49
Current ratio from 3.60 to 10.49; short-term debt falls from €890,291 to €211,676.
Show earlier events
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1989
Ground area
7,269 m²
Building footprint
3,459 m²
Volume, LiDAR
21,422 m³
Parcel 34022E0636/00K000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FINCO BVBA
since 19892.042.528.703
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0636/00K000 | Flanders | 7,269 m² | 1 · 3,459 m² | 8.4 m · 2 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
2022 · 1 entry · 599 EUR awarded · 599 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 599 EUR | 599 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
9676009KSWZHKSQ08E27
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Of 4,674 companies in sector 66220 we hold annual accounts for 3,222. 2,789 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
Founded09-02-1989
Fiscal year end31-08
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Not found in the Peppol register
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Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.