FINCOV
ActiveSummary
FINCOV has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197k and a net result of €85k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+8
Solvency57▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.99 against 2.78 in 2024; short-term debt: 28.2% and cash: 3.9% of total assets), and 67.9% 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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 2025Solvency, return and age of the figures
Solvency
32.1%
Return on assets
13.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-03-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
41 d early
2024
61 d early
2023
46 d early
2022
9 d early
2021
8 d early
2020
32 d early
2019
69 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€197k▼ 23.4%
2024 · €258k
2018: €2klowest in 8 years
2019: €40k▲ +1787% vs 2018
2020: €104k▲ +161% vs 2019
2021: €138k▲ +32.4% vs 2020
2022: €160k▲ +16.1% vs 2021
2023: €195k▲ +22.3% vs 2022
2024: €258k▲ +31.8% vs 2023highest in 8 years
2025: €197k▼ -23.4% vs 2024
2018 → 2025
Total assets
€614k▲ 4.6%
2024 · €587k
2018: €336klowest in 8 years
2019: €387k▲ +15.0% vs 2018
2020: €405k▲ +4.9% vs 2019
2021: €424k▲ +4.6% vs 2020
2022: €447k▲ +5.3% vs 2021
2023: €503k▲ +12.6% vs 2022
2024: €587k▲ +16.8% vs 2023
2025: €614k▲ +4.6% vs 2024highest in 8 years
2018 → 2025
Net result
€85k▲ 37.2%
2024 · €62k
2018: €-4klowest in 8 years
2019: €38k▲ +1075% vs 2018
2020: €64k▲ +69.7% vs 2019
2021: €34k▼ -47.5% vs 2020
2022: €22k▼ -34.4% vs 2021
2023: €36k▲ +60.9% vs 2022
2024: €62k▲ +74.8% vs 2023
2025: €85k▲ +37.2% vs 2024highest in 8 years
2018 → 2025
Working capital
€-2k
2024 · €125k
2018: €-97klowest in 8 years
2019: €-61k▲ +37.4% vs 2018
2020: €14k▲ +123% vs 2019
2021: €44k▲ +217% vs 2020
2022: €99k▲ +123% vs 2021
2023: €164k▲ +65.0% vs 2022highest in 8 years
2024: €125k▼ -23.8% vs 2023
2025: €-2k▼ -101% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€138k-€160k▲ 16.1%€195k▲ 22.3%€258k▲ 31.8%€197k▼ 23.4%
2021: €138klowest in 5 years
2022: €160k▲ +16.1% vs 2021
2023: €195k▲ +22.3% vs 2022
2024: €258k▲ +31.8% vs 2023highest in 5 years
2025: €197k▼ -23.4% vs 2024
Operating result€107k-€91k▼ 14.2%€105k▲ 15.2%€147k▲ 39.8%€174k▲ 18.2%
2021: €107k
2022: €91k▼ -14.2% vs 2021lowest in 5 years
2023: €105k▲ +15.2% vs 2022
2024: €147k▲ +39.8% vs 2023
2025: €174k▲ +18.2% vs 2024highest in 5 years
Net result€34k-€22k▼ 34.4%€36k▲ 60.9%€62k▲ 74.8%€85k▲ 37.2%
2021: €34k
2022: €22k▼ -34.4% vs 2021lowest in 5 years
2023: €36k▲ +60.9% vs 2022
2024: €62k▲ +74.8% vs 2023
2025: €85k▲ +37.2% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €614k
Fixed assets
€443k ▲ 12.9%
Current assets
€171k ▼ 12.1%
Equity and liabilities €614k
Equity
€197k ▼ 23.4%
Debt
€417k ▲ 26.4%
Debt's share of the balance-sheet total rises from 56.1% to 67.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€192k▲
2024 · €171k
Cash flow
€103k▲
2024 · €86k
Current ratio
0.99▼
2024 · 2.78
Debt to equity
2.11▲
2024 · 1.28
ROE
43.2%▲
2024 · 24.1%
ROA
13.9%▲
2024 · 10.6%
Interest coverage
3.82▲
2024 · 3.34
Debt ≤ 1 year
€173k▲
2024 · €70k
Debt > 1 year
€234k▼
2024 · €254k
Income taxes
€41k▲
2024 · €36k
Staff costs
€35k▲
2024 · €33k
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 · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€587k€614k▲
Fixed assets21/28€392k€443k▲
Tangible fixed assets22/27€232k€245k▲
Land and buildings22€184k€178k▼
Plant, machinery and equipment23€46k€44k▼
Furniture and vehicles24€2k€23k▲
Financial fixed assets28€161k€198k▲
Current assets29/58€195k€171k▼
Amounts receivable within one year40/41€32k€25k▼
Trade receivables40€22k€21k▼
Other amounts receivable41€10k€4k▼
Current investments50/53€120k€122k▲
Cash at bank and in hand54/58€43k€24k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€587k€614k▲
Equity10/15€258k€197k▼
Contributions10/11€14k€14k=
Reserves13€243k€183k▼
Distributable reserves133€243k€183k▼
Profit (loss) carried forward14€3€3=
Amounts payable17/49€330k€417k▲
Amounts payable after more than one year17€254k€234k▼
Financial debts170/4€254k€234k▼
Amounts payable within one year42/48€70k€173k▲
Current portion of amounts payable after more than one year42€25k€19k▼
Financial debts43€3k€2k▼
Other loans439€3k€2k▼
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€19k€26k▲
Taxes450/3€14k€21k▲
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€23k€124k▲
Accrued charges and deferred income492/3€6k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€33k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€18k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€205k€228k▲
Operating profit (loss)9901€147k€174k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€51k€50k▼
Recurring financial charges65€51k€50k▼
Profit (loss) for the period before taxes9903€99k€126k▲
Income taxes67/77€36k€41k▲
Profit (loss) for the period9904€62k€85k▲
Profit (loss) for the period to be appropriated9905€62k€85k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€85k▲
Profit (loss) brought forward from the previous period14P€3€3=
Transfer from equity791/2-€146k
Transfer to equity691/2€62k€85k▲
To other reserves6921€62k€85k▲
Profit to be distributed694/7-€146k
Return on contributions (dividend)694-€146k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €41k | €41k | €42k | €33k | €35k | ▲ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €28k | €24k | €23k | €18k | ▼ 23.4% |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €2k | ▲ 8.0% |
| Gross operating margin9900 | €175k | €162k | €173k | €205k | €228k | ▲ 11.5% |
| Operating profit (loss)9901 | €107k | €91k | €105k | €147k | €174k | ▲ 18.2% |
| Financial income75/76B | - | €0 | - | €2k | €2k | ▼ 5.8% |
| Recurring financial income75 | - | €0 | - | €2k | €2k | ▼ 5.8% |
| Financial charges65/66B | €58k | €57k | €52k | €51k | €50k | ▼ 1.9% |
| Recurring financial charges65 | €58k | €57k | €52k | €51k | €50k | ▼ 1.9% |
| Profit (loss) for the period before taxes9903 | €49k | €35k | €53k | €99k | €126k | ▲ 28.0% |
| Income taxes67/77 | €15k | €13k | €18k | €36k | €41k | ▲ 12.3% |
| Profit (loss) for the period9904 | €34k | €22k | €36k | €62k | €85k | ▲ 37.2% |
| Profit (loss) for the period to be appropriated9905 | €34k | €22k | €36k | €62k | €85k | ▲ 37.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €424k | €447k | €503k | €587k | €614k | ▲ 4.6% |
| Fixed assets21/28 | €300k | €279k | €255k | €392k | €443k | ▲ 12.9% |
| Tangible fixed assets22/27 | €300k | €279k | €255k | €232k | €245k | ▲ 5.8% |
| Land and buildings22 | €201k | €195k | €189k | €184k | €178k | ▼ 3.0% |
| Plant, machinery and equipment23 | €65k | €62k | €54k | €46k | €44k | ▼ 4.7% |
| Furniture and vehicles24 | €34k | €22k | €12k | €2k | €23k | ▲ 1,134% |
| Financial fixed assets28 | - | - | - | €161k | €198k | ▲ 23.0% |
| Current assets29/58 | €124k | €168k | €248k | €195k | €171k | ▼ 12.1% |
| Amounts receivable within one year40/41 | €19k | €40k | €63k | €32k | €25k | ▼ 22.2% |
| Trade receivables40 | €16k | €18k | €40k | €22k | €21k | ▼ 4.8% |
| Other amounts receivable41 | €3k | €23k | €23k | €10k | €4k | ▼ 63.2% |
| Current investments50/53 | €12 | €12 | €12 | €120k | €122k | ▲ 1.3% |
| Cash at bank and in hand54/58 | €105k | €128k | €184k | €43k | €24k | ▼ 44.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €424k | €447k | €503k | €587k | €614k | ▲ 4.6% |
| Equity10/15 | €138k | €160k | €195k | €258k | €197k | ▼ 23.4% |
| Contributions10/11 | €12k | €12k | €12k | €14k | €14k | = |
| Reserves13 | €125k | €147k | €183k | €243k | €183k | ▼ 24.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | €123k | €146k | €181k | €243k | €183k | ▼ 24.8% |
| Profit (loss) carried forward14 | €3 | €3 | €3 | €3 | €3 | = |
| Amounts payable17/49 | €286k | €287k | €308k | €330k | €417k | ▲ 26.4% |
| Amounts payable after more than one year17 | €204k | €216k | €217k | €254k | €234k | ▼ 7.7% |
| Financial debts170/4 | €204k | €216k | €217k | €254k | €234k | ▼ 7.7% |
| Amounts payable within one year42/48 | €80k | €69k | €84k | €70k | €173k | ▲ 147% |
| Current portion of amounts payable after more than one year42 | €23k | €23k | €25k | €25k | €19k | ▼ 22.6% |
| Financial debts43 | €866 | €346 | €1k | €3k | €2k | ▼ 35.0% |
| Other loans439 | €866 | €346 | €1k | €3k | €2k | ▼ 35.0% |
| Trade debts44 | €3k | €97 | €685 | €1k | €2k | ▲ 102% |
| Suppliers440/4 | €3k | €97 | €685 | €1k | €2k | ▲ 102% |
| Taxes, remuneration and social security45 | €14k | €16k | €26k | €19k | €26k | ▲ 38.3% |
| Taxes450/3 | €8k | €9k | €17k | €14k | €21k | ▲ 48.1% |
| Remuneration and social security454/9 | €6k | €7k | €9k | €4k | €4k | ▲ 4.8% |
| Other amounts payable47/48 | €40k | €29k | €32k | €23k | €124k | ▲ 443% |
| Accrued charges and deferred income492/3 | €3k | €3k | €7k | €6k | €10k | ▲ 66.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €22k | €36k | €62k | €85k | ▲ 37.2% |
| + Depreciation and write-downs630 | €27k | €28k | €24k | €23k | €18k | ▼ 23.4% |
| Operating cash flow (approximation) | €60k | €50k | €59k | €86k | €103k | ▲ 20.6% |
| Investment in fixed assets (approximation) | - | €-7k | €0 | €-161k | €-68k | ▲ 57.5% |
| Change in cash | - | €23k | €57k | €-141k | €-19k | ▲ 86.5% |
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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €85k ▲37.2%
Operating result €174k, net result €85k, both a record.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €200kEq €258k ▲31.8%
6 profitable years in a row build equity to €258k.
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €150kEq €160k ▲16.1%
4 profitable years in a row build equity to €160k.
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €100kEq €104k ▲161%
2 profitable years in a row build equity to €104k.
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
Show earlier events
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tervuren · 1 establishment unit since 2009
Ground area
2,857 m²
Building footprint
257 m²
Volume, LiDAR
1,203 m³
Parcel 24302G0063/00X000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FINCOV
since 20092.226.875.124
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302G0063/00X000 | Flanders | 2,857 m² | 1 · 257 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300EE24H5T44H4152
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,390 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
Founded21-11-2007
Fiscal year end30-09
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.