FINCORP
ActiveSummary
FINCORP has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€25,582) and a net result of -€50,582. Its solvency ranks better than 14% of 11,268 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-06-2024 Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 5 others
- Establishment unit
- 2.361.691.563 4800 Verviers, since 28-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 23-06-2025
Board and ownership
- MARON INSURANCE GROUPDirector · since 28-06-2024 · permanent representative Julian MARON
- MARON INSURANCE GROUP50%· score 9030-06-2025 annual accounts of MARON INSURANCE GROUP
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- -€8,455
- Loss
- €50,582
- Equity
- -€25,582
- Total assets
- €1.1m
- Negative equity on 31-12-2025
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskCapped at 59: negative equityNegative equity -€25,582Last filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskSize: total assets €1.1mSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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, micro). It does better than 18% of them on solvency, 55% on liquidity and 15% on profitability.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00462910.
Annual accounts 2025 filed on 31-08-2026 at the NBB
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Securities and guarantees
| Item | 2025 |
|---|---|
| Debts secured on the company's own assets | €258,323 |
| Mortgages, amount registered | €200,000 |
| Mortgage mandates | €450,000 |
| Carrying value of the mortgaged assets | €495,248 |
| Guarantees given for others' debts | €230,000 |
Source: notes to the 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €1.1m |
| Intangible fixed assets | €1,248 |
| Financial fixed assets | €0 |
| Depreciation and write-downs of the year | €1,248 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
| Line | 2025 |
|---|---|
| Non-recurring operating income76A | €500 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,248 |
| Other operating charges640/8 | €7,510 |
| Non-recurring operating charges66A | €94 |
| Gross operating margin9900 | -€8,455 |
| Operating profit (loss)9901 | -€17,307 |
| Financial charges65/66B | €33,275 |
| Recurring financial charges65 | €33,275 |
| Profit (loss) for the period before taxes9903 | -€50,582 |
| Profit (loss) for the period9904 | -€50,582 |
| Profit (loss) for the period to be appropriated9905 | -€50,582 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.1m | |
| Fixed assets21/28 | €1.1m | |
| Tangible fixed assets22/27 | €1.1m | |
| Land and buildings22 | €0.5m | |
| Assets under construction and advance payments27 | €0.6m | |
| Current assets29/58 | €0.04m | |
| Amounts receivable within one year40/41 | €0.03m | |
| Trade receivables40 | €0.02m | |
| Other amounts receivable41 | €0.01m | |
| Cash at bank and in hand54/58 | €0.007m | |
| Deferred charges and accrued income490/1 | €0.001m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.1m | |
| Equity10/15 | -€0.03m | |
| Contributions10/11 | €0.03m | |
| Profit (loss) carried forward14 | -€0.05m | |
| Amounts payable17/49 | €1.1m | |
| Amounts payable after more than one year17 | €1.1m | |
| Financial debts170/4 | €0.6m | |
| Other amounts payable178/9 | €0.5m | |
| Amounts payable within one year42/48 | €0.06m | |
| Current portion of amounts payable after more than one year42 | €0.03m | |
| Trade debts44 | €0.03m | |
| Suppliers440/4 | €0.03m | |
| Taxes, remuneration and social security45 | €47 | |
| Taxes450/3 | €47 | |
| Accrued charges and deferred income492/3 | €0.002m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€50,582 |
| + Depreciation and write-downs630 | €1,248 |
| Operating cash flow (approximation) | -€49,334 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,251 companies had the same profile as FINCORP has now. Two years later, 96.6% were still going and 1.0% had gone bankrupt.
- Small
- 2 to 5 years old
- negative equity
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FINCORP itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,251 companies, not a prediction for FINCORP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00462910 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Full text
B) Lorsque la société est/sera/serait administrée par plusieurs administrateurs; Les présents statuts n'organisent pas un organe d'administration collégial mais un organe d'administration dans lequel les administrateurs ont des pouvoirs concurrents et peuvent déléguer des pouvoirs spéciaux (déterminés). Chaque administrateur agissant seul peut accomplir tous les actes nécessaires ou utiles à l'accomplissement de l'objet sous la seule réserve de ceux que la loi réserve à l'assemblée générale. Pour valoir au sein du contrat de société {= entre la société (l'assemblée générale) et ses mandataires (les administrateurs)} tous les actes dépassant le concept de gestion journalière seront décidés conjointement par les administrateurs. Cette restriction n'est toutefois aucunement opposable aux tiers qui en fait de pouvoir de représentation pourront toujours se prévaloir du seul paragraphe qui suit. Même si la société est administrée par plusieurs administrateurs, chacun d'eux séparément représente la société à l'égard des tiers et en justice, soit en demandant soit en défendant. La signature d'un seul d'eux engage la société pour tous les actes quels qu'ils soient sauf ceux que la loi réserve à l'assemblée générale et ce sans que jamais ne doivent être produits aucune justification aux tiers (ni délibérations, ni mandats quelconques) L'organe d'administration ou chaque administrateur séparément peuvent néanmoins déléguer des pouvoirs spéciaux (déterminés) à tout mandataire tiers ou non qui alors justifient de leurs pouvoirs par la publication ou la production de leur mandat. C) Lorsque la société est/sera/serait administrée par plusieurs administrateurs FORMANT collège (par la voie d’une décision explicite de l’assemblée constituant les mandats) S’il y a plusieurs administrateurs (ne seraient-ils même que deux) ET que l’assemblée ayant constitué leur mandat a prescrit explicitement qu’il formerait collège, alors les règles d’ administration seront les suivantes.
Owners and capital
Shareholders
1 ownerOwners 1
- Equity €605,296 Loss of €82,741 in 2025 (profit of €211,328 in 2024) Checked score 9050%
Owners through the years 2024 to 2025
| Name | 2024 | 2025 |
|---|---|---|
| MARON INSURANCE GROUP | 50% | |
Source: lists of holdings in the owners' accounts
Capital transactions
- MARON Nicolas Gauthier Marc Ghislain 50 shares (50%) · €12,500 in cash
- MARON INSURANCE GROUP (BE 0844.588.106) 50 shares (50%) · €12,500 in cash
- 02-07-2024 Incorporation · €25,000 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Plusieurs administrateurs formant collège sur décision explicite de l'assemblée, majorité des membres présents”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 100 shares
Audit, dissolution and liquidation
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “À défaut membres de l'organe d'administration en fonction réputés liquidateurs de plein droit par clause statutaire, assemblée nomme un ou…”
Articles of association, deed of 02-07-2024 (in French)
Network & group
Connections & network
4 connected companiesTimeline
Acts, filings and financial milestones
02-07
Gazette deed
IncorporationFounding capital of €25,000, 100 shares · Founders: MARON INSURANCE GROUP and MARON Nicolas Gauthier Marc Ghislain · Appointment: MARON INSURANCE GROUP (director)6 points ▸
- Registered office clause, Avenue Hanlet 44 boîte B, 4800 VERVIERS
- Director appointment, MARON INSURANCE GROUP (director (not named in the articles))
- Permanent representative, Julian MARON, mentioned 2 times in the deed
- Founder, MARON Nicolas Gauthier Marc Ghislain
- Founder, MARON INSURANCE GROUP
- Founding capital, €25,000, 100 shares
- The act holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
7 activities
- Toutes les activités de société dites "holding", "de porte-feuille" ou "de participations".
- Elle s'intéressera entre autres à toutes prises de participation majoritaire ou minoritaire, avec but de contrôle ou de simple placement ou tout autre encore, et par toutes voies, que ce soit, notamment, par acquisition en bourse ou non, par souscription ou offre publique d'achat, dans toutes entreprises financières, industrielles ou commerciales
- La constitution pour son propre compte d'un patrimoine immobilier, la gestion de biens immobiliers dont elle est ou deviendra propriétaire, soit directement soit par prises de participation dans le capital d'autres sociétés propriétaires de tels biens.
- Acheter, vendre, mettre en valeur, donner en location, gérer, administrer, entretenir, améliorer, construire, et reconstruire tout immeuble ou partie d'immeuble.
- Pratiquer la promotion immobilière, la mise en valeur de biens immeubles ou de services afférents à tels biens, ainsi, sans que l'énumération qui suit soit limitative, l'achat, la vente, l'échange, l'expertise, la gestion, la gérance, la promotion, la location, l'emphytéose, le leasing, le lotissement de tous biens et droits immobiliers.
- Faire toutes opérations civiles, mobilières ou immobilières, industrielles, agricoles, forestières, commerciales et financières se rattachant directement ou indirectement à l'une ou l'autre branche de son objet ou pouvant faciliter la réalisation de toutes les manières, suivant les modalités qui lui paraîtront les mieux appropriées
- Les activités de marchand de biens
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
This address was not found in the Belgian address register (BOSA BEST).
Avenue Hanlet 444800 Verviers