FINCOVER
ActiveSummary
FINCOVER has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €193k and a net result of €16k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 2283 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+3
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 8.87 against 15.26 in 2023; short-term debt: 11% and cash: 46.8% of total assets), and 11% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
23 d late
2021
17 d late
2020
30 d late
2019
47 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€193k▼ 0.6%
2023 · €194k
2018: €121klowest in 7 years
2019: €133k▲ +10.0% vs 2018
2020: €135k▲ +1.5% vs 2019
2021: €155k▲ +14.9% vs 2020
2022: €183k▲ +18.6% vs 2021
2023: €194k▲ +5.7% vs 2022highest in 7 years
2024: €193k▼ -0.6% vs 2023
2018 → 2024
Total assets
€216k▲ 4.4%
2023 · €207k
2018: €130klowest in 7 years
2019: €145k▲ +11.7% vs 2018
2020: €147k▲ +1.2% vs 2019
2021: €175k▲ +19.1% vs 2020
2022: €202k▲ +15.3% vs 2021
2023: €207k▲ +2.7% vs 2022
2024: €216k▲ +4.4% vs 2023highest in 7 years
2018 → 2024
Net result
€16k▲ 55.3%
2023 · €10k
2018: €11k
2019: €12k▲ +5.0% vs 2018
2020: €2k▼ -83.7% vs 2019lowest in 7 years
2021: €20k▲ +917% vs 2020
2022: €29k▲ +43.7% vs 2021highest in 7 years
2023: €10k▼ -63.8% vs 2022
2024: €16k▲ +55.3% vs 2023
2018 → 2024
Working capital
€186k▼ 2.0%
2023 · €190k
2018: €117k
2019: €113k▼ -3.4% vs 2018
2020: €101k▼ -10.2% vs 2019lowest in 7 years
2021: €131k▲ +29.5% vs 2020
2022: €169k▲ +29.0% vs 2021
2023: €190k▲ +12.4% vs 2022highest in 7 years
2024: €186k▼ -2.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€135k-€155k▲ 14.9%€183k▲ 18.6%€194k▲ 5.7%€193k▼ 0.6%
2020: €135klowest in 5 years
2021: €155k▲ +14.9% vs 2020
2022: €183k▲ +18.6% vs 2021
2023: €194k▲ +5.7% vs 2022highest in 5 years
2024: €193k▼ -0.6% vs 2023
Operating result€2k-€28k▲ 1,555%€43k▲ 52.0%€17k▼ 61.0%€24k▲ 43.6%
2020: €2klowest in 5 years
2021: €28k▲ +1555% vs 2020
2022: €43k▲ +52.0% vs 2021highest in 5 years
2023: €17k▼ -61.0% vs 2022
2024: €24k▲ +43.6% vs 2023
Net result€2k-€20k▲ 917%€29k▲ 43.7%€10k▼ 63.8%€16k▲ 55.3%
2020: €2klowest in 5 years
2021: €20k▲ +917% vs 2020
2022: €29k▲ +43.7% vs 2021highest in 5 years
2023: €10k▼ -63.8% vs 2022
2024: €16k▲ +55.3% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 44% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €216k
Fixed assets
€6k ▲ 75.2%
Current assets
€210k ▲ 3.2%
Equity and liabilities €216k
Equity
€193k ▼ 0.6%
Debt
€24k ▲ 77.5%
Debt's share of the balance-sheet total rises from 6.4% to 11.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26k▼
2023 · €29k
Cash flow
€18k▼
2023 · €23k
Current ratio
8.87▼
2023 · 15.26
Quick ratio
8.85▼
2023 · 15.23
Debt to equity
0.12▲
2023 · 0.07
ROE
8.4%▲
2023 · 5.4%
ROA
7.5%▲
2023 · 5.0%
Interest coverage
28.20▲
2023 · 12.95
Debt ≤ 1 year
€24k▲
2023 · €13k
Income taxes
€7k▲
2023 · €5k
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 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€207k€216k▲
Fixed assets21/28€3k€6k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€3k€6k▲
Plant, machinery and equipment23€3k€6k▲
Furniture and vehicles24€0-
Current assets29/58€204k€210k▲
Stocks and contracts in progress3€447€502▲
Stocks30/36€447€502▲
Amounts receivable within one year40/41€100k€108k▲
Trade receivables40€13k€33k▲
Other amounts receivable41€87k€75k▼
Cash at bank and in hand54/58€103k€101k▼
Deferred charges and accrued income490/1€463€633▲
Equity and liabilities
Total equity and liabilities10/49€207k€216k▲
Equity10/15€194k€193k▼
Contributions10/11€80k€80k=
Reserves13€102k€101k▼
Tax-exempt reserves132€14k€14k=
Distributable reserves133€88k€87k▼
Profit (loss) carried forward14€12k€12k=
Amounts payable17/49€13k€24k▲
Amounts payable within one year42/48€13k€24k▲
Financial debts43€1k€645▼
Credit institutions430/8€1k€645▼
Trade debts44€520€4k▲
Suppliers440/4€520€4k▲
Taxes, remuneration and social security45€11k€19k▲
Taxes450/3€11k€19k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€2k▼
Other operating charges640/8€1k€971▼
Gross operating margin9900€30k€27k▼
Operating profit (loss)9901€17k€24k▲
Financial income75/76B€728€545▼
Recurring financial income75€728€545▼
Financial charges65/66B€2k€910▼
Recurring financial charges65€2k€910▼
Profit (loss) for the period before taxes9903€15k€24k▲
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€10k€16k▲
Profit (loss) for the period to be appropriated9905€10k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€28k▲
Profit (loss) brought forward from the previous period14P€12k€12k=
Transfer from equity791/2-€17k
Transfer to equity691/2€10k€16k▲
To other reserves6921€10k€16k▲
Profit to be distributed694/7-€17k
Return on contributions (dividend)694-€17k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €12k | €12k | €12k | €2k | ▼ 86.4% |
| Other operating charges640/8 | - | €767 | €574 | €1k | €971 | ▼ 12.5% |
| Gross operating margin9900 | €8k | €41k | €55k | €30k | €27k | ▼ 11.7% |
| Operating profit (loss)9901 | €2k | €28k | €43k | €17k | €24k | ▲ 43.6% |
| Financial income75/76B | - | €54 | €329 | €728 | €545 | ▼ 25.1% |
| Recurring financial income75 | €13 | €54 | €329 | €728 | €545 | ▼ 25.1% |
| Financial charges65/66B | - | €846 | €1k | €2k | €910 | ▼ 59.5% |
| Recurring financial charges65 | €570 | €846 | €1k | €2k | €910 | ▼ 59.5% |
| Profit (loss) for the period before taxes9903 | €1k | €27k | €42k | €15k | €24k | ▲ 55.5% |
| Income taxes67/77 | €-820 | €7k | €13k | €5k | €7k | ▲ 55.9% |
| Profit (loss) for the period9904 | €2k | €20k | €29k | €10k | €16k | ▲ 55.3% |
| Profit (loss) for the period to be appropriated9905 | €2k | €20k | €29k | €10k | €16k | ▲ 55.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €147k | €175k | €202k | €207k | €216k | ▲ 4.4% |
| Fixed assets21/28 | €33k | €23k | €14k | €3k | €6k | ▲ 75.2% |
| Intangible fixed assets21 | €19k | €13k | €6k | €0 | - | - |
| Tangible fixed assets22/27 | €14k | €10k | €8k | €3k | €6k | ▲ 75.2% |
| Plant, machinery and equipment23 | - | €10k | €7k | €3k | €6k | ▲ 75.2% |
| Furniture and vehicles24 | - | €604 | €209 | €0 | - | - |
| Current assets29/58 | €114k | €151k | €188k | €204k | €210k | ▲ 3.2% |
| Stocks and contracts in progress3 | €2k | €560 | €1k | €447 | €502 | ▲ 12.3% |
| Stocks30/36 | - | €560 | €1k | €447 | €502 | ▲ 12.3% |
| Amounts receivable within one year40/41 | €82k | €73k | €87k | €100k | €108k | ▲ 8.2% |
| Trade receivables40 | - | - | €4k | €13k | €33k | ▲ 152% |
| Other amounts receivable41 | - | €73k | €83k | €87k | €75k | ▼ 13.3% |
| Cash at bank and in hand54/58 | €30k | €78k | €100k | €103k | €101k | ▼ 1.8% |
| Deferred charges and accrued income490/1 | - | - | €168 | €463 | €633 | ▲ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €147k | €175k | €202k | €207k | €216k | ▲ 4.4% |
| Equity10/15 | €135k | €155k | €183k | €194k | €193k | ▼ 0.6% |
| Contributions10/11 | - | €80k | €80k | €80k | €80k | = |
| Reserves13 | €43k | €63k | €91k | €102k | €101k | ▼ 1.2% |
| Non-distributable reserves130/1 | - | €8k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €8k | €0 | - | - | - |
| Tax-exempt reserves132 | - | €14k | €14k | €14k | €14k | = |
| Distributable reserves133 | - | €41k | €78k | €88k | €87k | ▼ 1.4% |
| Profit (loss) carried forward14 | €12k | €12k | €12k | €12k | €12k | = |
| Amounts payable17/49 | €12k | €20k | €18k | €13k | €24k | ▲ 77.5% |
| Amounts payable within one year42/48 | €12k | €20k | €18k | €13k | €24k | ▲ 77.5% |
| Financial debts43 | - | €3k | €2k | €1k | €645 | ▼ 53.4% |
| Credit institutions430/8 | - | €3k | €2k | €1k | €645 | ▼ 53.4% |
| Trade debts44 | €3k | €5k | €4k | €520 | €4k | ▲ 690% |
| Suppliers440/4 | - | €5k | €4k | €520 | €4k | ▲ 690% |
| Taxes, remuneration and social security45 | - | €12k | €13k | €11k | €19k | ▲ 65.5% |
| Taxes450/3 | - | €12k | €13k | €11k | €19k | ▲ 65.5% |
| Other amounts payable47/48 | - | €245 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €20k | €29k | €10k | €16k | ▲ 55.3% |
| + Depreciation and write-downs630 | €6k | €12k | €12k | €12k | €2k | ▼ 86.4% |
| Operating cash flow (approximation) | €8k | €32k | €41k | €23k | €18k | ▼ 21.6% |
| Investment in fixed assets (approximation) | - | €-2k | €-2k | €-2k | €-4k | ▼ 153% |
| Change in cash | - | €48k | €22k | €3k | €-2k | ▼ 155% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
31-12
Financial
Highest result since 2018net €29k ▲43.7%
Operating result €43k, net result €29k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
31-12
Financial
Equity above €150kEq €155k ▲14.9%
4 profitable years in a row build equity to €155k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €2k ▼83.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
08-07
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 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, Schoten · 1 establishment unit since 1995
Ground area
398 m²
Building footprint
131 m²
Volume, LiDAR
824 m³
Parcel 11040D0479/00S003, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FINCOVER
since 19952.070.084.423
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0479/00S003 | Flanders | 398 m² | 1 · 131 m² | 10.5 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 to 2023 · 2 entries · 1,049 EUR awarded · 1,049 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 299 EUR | 299 EUR |
| 2022 | 1 | 750 EUR | 750 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 6,951 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
Founded12-01-1995
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
64210Activities of holding companies
70200Business and other management consultancy
85599Other education
90111Literary creation
Scores and ratios are computed by Checked and are not a credit decision.