FINDERCOD
ActiveSummary
The computed 12-month bankruptcy probability of FINDERCOD is 3.2% (moderate). The 2025 annual accounts show negative equity (€-98k) and a net result of €-26k. Equity is shrinking by ~53.2% per year across the filed fiscal years. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 0.63 in 2024; short-term debt: 159.2% and cash: 6.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-61.1%
Return on assets
-16.4%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-98k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
56 d late
2023
68 d late
2022
128 d late
2021
152 d late
2020
48 d late
2019
334 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-98k▼ 36.7%
2024 · €-72k
2018: €-44k
2019: €15k▲ +135% vs 2018highest in 8 years
2020: €67▼ -99.6% vs 2019
2021: €-6k▼ -8552% vs 2020
2022: €-13k▼ -133% vs 2021
2023: €-47k▼ -259% vs 2022
2024: €-72k▼ -51.2% vs 2023
2025: €-98k▼ -36.7% vs 2024lowest in 8 years
2018 → 2025
Total assets
€161k▲ 34.6%
2024 · €119k
2018: €92klowest in 8 years
2019: €120k▲ +29.8% vs 2018
2020: €113k▼ -6.0% vs 2019
2021: €115k▲ +2.4% vs 2020
2022: €119k▲ +2.8% vs 2021
2023: €123k▲ +3.2% vs 2022
2024: €119k▼ -2.7% vs 2023
2025: €161k▲ +34.6% vs 2024highest in 8 years
2018 → 2025
Net result
€-26k▼ 8.4%
2024 · €-24k
2018: €-72klowest in 8 years
2019: €-16k▲ +77.3% vs 2018
2020: €-15k▲ +6.5% vs 2019
2021: €-6k▲ +62.4% vs 2020highest in 8 years
2022: €-8k▼ -31.2% vs 2021
2023: €-24k▼ -222% vs 2022
2024: €-24k▼ -0.3% vs 2023
2025: €-26k▼ -8.4% vs 2024
2018 → 2025
Working capital
€-95k▼ 38.4%
2024 · €-69k
2018: €-45k
2019: €15k▲ +133% vs 2018highest in 8 years
2020: €67▼ -99.5% vs 2019
2021: €-6k▼ -8558% vs 2020
2022: €-13k▼ -133% vs 2021
2023: €-47k▼ -259% vs 2022
2024: €-69k▼ -44.6% vs 2023
2025: €-95k▼ -38.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-6k-€-13k▼ 133%€-47k▼ 259%€-72k▼ 51.2%€-98k▼ 36.7%
2021: €-6khighest in 5 years
2022: €-13k▼ -133% vs 2021
2023: €-47k▼ -259% vs 2022
2024: €-72k▼ -51.2% vs 2023
2025: €-98k▼ -36.7% vs 2024lowest in 5 years
Operating result€-5k-€-7k▼ 33.8%€-24k▼ 225%€-23k▲ 2.6%€-26k▼ 10.1%
2021: €-5khighest in 5 years
2022: €-7k▼ -33.8% vs 2021
2023: €-24k▼ -225% vs 2022
2024: €-23k▲ +2.6% vs 2023
2025: €-26k▼ -10.1% vs 2024lowest in 5 years
Net result€-6k-€-8k▼ 31.2%€-24k▼ 222%€-24k▼ 0.3%€-26k▼ 8.4%
2021: €-6khighest in 5 years
2022: €-8k▼ -31.2% vs 2021
2023: €-24k▼ -222% vs 2022
2024: €-24k▼ -0.3% vs 2023
2025: €-26k▼ -8.4% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26k in 2025 against €23k in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Solvency
-61.1%▼
2024 · -60.2%
Current ratio
0.63▼
2024 · 0.63
Debt to equity
-2.60▲
2024 · -2.62
ROA
-16.4%▲
2024 · -20.4%
Debt
€256k▲
2024 · €188k
Debt ≤ 1 year
€256k▲
2024 · €188k
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 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€119k€161k▲
Current assets29/58€119k€161k▲
Amounts receivable within one year40/41€119k€150k▲
Other amounts receivable41€119k€150k▲
Cash at bank and in hand54/58-€10k
Equity and liabilities
Total equity and liabilities10/49€119k€161k▲
Equity10/15€-72k€-98k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-92k€-119k▼
Provisions and deferred taxes16€3k€3k=
Provisions for liabilities and charges160/5€3k€3k=
Other liabilities and charges164/5€3k€3k=
Amounts payable17/49€188k€256k▲
Amounts payable within one year42/48€188k€256k▲
Financial debts43€14k-
Other loans439€14k-
Trade debts44€7k€6k▼
Suppliers440/4€7k€6k▼
Other amounts payable47/48€167k€249k▲
Income statement
Code20242025
Provisions for liabilities and charges: additions (uses and reversals)635/8€3k-
Other operating charges640/8€3k€827▼
Gross operating margin9900€-17k€-25k▼
Operating profit (loss)9901€-23k€-26k▼
Financial charges65/66B€1k€767▼
Recurring financial charges65€1k€767▼
Profit (loss) for the period before taxes9903€-24k€-26k▼
Profit (loss) for the period9904€-24k€-26k▼
Profit (loss) for the period to be appropriated9905€-24k€-26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-92k€-119k▼
Profit (loss) brought forward from the previous period14P€-68k€-92k▼
The notes to these accounts (1 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €0 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €3k | - | - |
| Other operating charges640/8 | €1k | €2k | €12k | €3k | €827 | ▼ 70.3% |
| Gross operating margin9900 | €-4k | €-5k | €-12k | €-17k | €-25k | ▼ 43.0% |
| Operating profit (loss)9901 | €-5k | €-7k | €-24k | €-23k | €-26k | ▼ 10.1% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €264 | €205 | €392 | €1k | €767 | ▼ 29.2% |
| Recurring financial charges65 | €264 | €205 | €392 | €1k | €767 | ▼ 29.2% |
| Profit (loss) for the period before taxes9903 | €-6k | €-8k | €-24k | €-24k | €-26k | ▼ 8.4% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-6k | €-8k | €-24k | €-24k | €-26k | ▼ 8.4% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-8k | €-24k | €-24k | €-26k | ▼ 8.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115k | €119k | €123k | €119k | €161k | ▲ 34.6% |
| Fixed assets21/28 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Current assets29/58 | €115k | €119k | €123k | €119k | €161k | ▲ 34.6% |
| Amounts receivable within one year40/41 | €112k | €114k | €123k | €119k | €150k | ▲ 26.1% |
| Trade receivables40 | - | €75 | €6k | - | - | - |
| Other amounts receivable41 | €112k | €114k | €117k | €119k | €150k | ▲ 26.1% |
| Cash at bank and in hand54/58 | €724 | €4k | €15 | - | €10k | - |
| Deferred charges and accrued income490/1 | €3k | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115k | €119k | €123k | €119k | €161k | ▲ 34.6% |
| Equity10/15 | €-6k | €-13k | €-47k | €-72k | €-98k | ▼ 36.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-26k | €-34k | €-68k | €-92k | €-119k | ▼ 28.6% |
| Provisions and deferred taxes16 | - | - | - | €3k | €3k | = |
| Provisions for liabilities and charges160/5 | - | - | - | €3k | €3k | = |
| Other liabilities and charges164/5 | - | - | - | €3k | €3k | = |
| Amounts payable17/49 | €121k | €132k | €170k | €188k | €256k | ▲ 36.0% |
| Amounts payable within one year42/48 | €121k | €132k | €170k | €188k | €256k | ▲ 36.0% |
| Financial debts43 | - | €4k | - | €14k | - | - |
| Credit institutions430/8 | - | €4k | - | - | - | - |
| Other loans439 | - | - | - | €14k | - | - |
| Trade debts44 | €1k | €4k | €13k | €7k | €6k | ▼ 10.3% |
| Suppliers440/4 | €1k | €4k | €13k | €7k | €6k | ▼ 10.3% |
| Other amounts payable47/48 | €120k | €124k | €157k | €167k | €249k | ▲ 49.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-8k | €-24k | €-24k | €-26k | ▼ 8.4% |
| + Depreciation and write-downs630 | €0 | €0 | - | - | - | - |
| Operating cash flow (approximation) | €-6k | €-8k | €-24k | €-24k | €-26k | ▼ 8.4% |
| Change in cash | - | €4k | €-4k | - | - | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 128 days late
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 334 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
17-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 109 days late
NBB filing
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Elsene · 1 establishment unit since 2015
Ground area
1,218 m²
Building footprint
1,221 m²
Volume, LiDAR
17,976 m³
Parcel 21822R0227/00T003, Brussels · tallest building 32.8 m, ±2 floors. Linked by address, not a title deed.
180
companies at this address
See who is registered here
1 establishment unit
FINDERCOD
since 20152.240.386.432
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0227/00T003 | Brussels | 1,218 m² | 1 · 1,221 m² | 32.8 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-02-2015
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.