FINDES
ActiveSummary
FINDES has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.2m and a net result of €1.1m. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 87% of 1007 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-7
Solvency100=
Growth62▲+1
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.48 in 2024; short-term debt: 16.5% and cash: 0.7% of total assets), and 17.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
82.8%
Return on assets
8.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
28 d early
2024
29 d late
2023
26 d late
2022
23 d late
2021
24 d late
2020
31 d early
2019
15 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 4 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#6 company by equity in West Flanders, Legal and accounting sector#7 company by total assets in Zonnebeke, Professional and technical services sector
Turnover
€627,806▲ 2.2%
2024 · €614,139
EBIT margin
33.2%▼ 47.3pp
2024 · 80.5%
Net result
€1.1m▲ 11.7%
2024 · €957,262
Working capital
€41,990
2024 · -€1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Turnover€601,918€614,139€627,806▲ 2.2%
Operating result€134,701▲ 262%€160,290▲ 19.0%€552,444▲ 245%€494,168▼ 10.5%€208,468▼ 57.8%
Net result€132,458within the sector's middle half▼ 80.5%€158,638within the sector's middle half▲ 19.8%€508,737above the sector's middle half▲ 221%€957,262above the sector's middle half▲ 88.2%€1.1mabove the sector's middle half▲ 11.7%
EBIT margin22.4%80.5%33.2%▼ 47.3pp
Equity€7.5mabove the sector's middle half▲ 1.8%€7.7mabove the sector's middle half▲ 2.1%€8.2mabove the sector's middle half▲ 6.6%€9.1mabove the sector's middle half▲ 11.7%€10.2mabove the sector's middle half▲ 11.7%
Total assets€10.4mabove the sector's middle half▲ 0.6%€10.4mabove the sector's middle half▲ 0.2%€10.8mabove the sector's middle half▲ 3.9%€11.4mabove the sector's middle half▲ 5.1%€12.3mabove the sector's middle half▲ 8.5%
Debt€2.6m▼ 2.6%€2.5m▼ 5.3%€2.4m▼ 4.1%€2.2m▼ 7.0%€2.1m▼ 4.6%
Working capital-€418,700▲ 17.2%-€279,680▲ 33.2%-€1.8m▼ 536%-€1.1m▲ 37.9%€41,990
Solvency72.4%above the sector's middle half▲ 0.8pp73.8%above the sector's middle half▲ 1.4pp75.7%above the sector's middle half▲ 1.9pp80.5%above the sector's middle half▲ 4.8pp82.8%above the sector's middle half▲ 2.4pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +88% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.3m
Fixed assets
€10.3m ▼ 0.8%
Current assets
€2.1m ▲ 102%
Equity and liabilities €12.3m
Equity
€10.2m ▲ 11.7%
Debt
€2.1m ▼ 4.6%
Debt's share of the balance-sheet total falls from 19.5% to 17.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€257,257▼
2024 · €531,133
Cash flow
€1.1m▲
2024 · €994,227
Current ratio
1.02▲
2024 · 0.48
Debt to equity
0.21▼
2024 · 0.24
ROE
10.5%=
2024 · 10.5%
ROA
8.7%▲
2024 · 8.4%
Interest coverage
1.90▼
2024 · 3.19
Debt ≤ 1 year
€2.0m▼
2024 · €2.1m
Debt > 1 year
€62,989▼
2024 · €87,621
Income taxes
€550▲
2024 · €319
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €654,415 | €635,538 | ▼ 2.9% |
| Turnover70 | €601,918 | - | - | €614,139 | €627,806 | ▲ 2.2% |
| Other operating income74 | - | - | - | €17,679 | €7,732 | ▼ 56.3% |
| Non-recurring operating income76A | €7,660 | - | €2,715 | €22,597 | - | - |
| Operating charges60/66A | - | - | - | €160,247 | €427,069 | ▲ 167% |
| Goods, raw materials, services and sundry goods60/61 | €455,005 | - | - | - | - | - |
| Services and other goods61 | - | - | - | €361,574 | €375,264 | ▲ 3.8% |
| Remuneration, social security and pensions62 | €5,000 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,785 | €9,748 | €12,783 | €36,965 | €48,788 | ▲ 32.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€241,300 | - | - |
| Other operating charges640/8 | €3,790 | €3,330 | €3,721 | €3,009 | €3,017 | ▲ 0.3% |
| Non-recurring operating charges66A | €52,308 | - | - | - | - | - |
| Gross operating margin9900 | €200,584 | €173,368 | €568,948 | - | - | - |
| Operating profit (loss)9901 | €134,701 | €160,290 | €552,444 | €494,168 | €208,468 | ▼ 57.8% |
| Financial income75/76B | - | - | €0 | €653,838 | €1.0m | ▲ 56.0% |
| Recurring financial income75 | - | - | €0 | €653,838 | €1.0m | ▲ 56.0% |
| Income from financial fixed assets750 | - | - | - | €641,851 | €990,432 | ▲ 54.3% |
| Income from current assets751 | - | - | - | €11,835 | €29,378 | ▲ 148% |
| Other financial income752/9 | - | - | - | €152 | €142 | ▼ 6.7% |
| Financial charges65/66B | €1,650 | €1,314 | €43,342 | €190,425 | €158,448 | ▼ 16.8% |
| Recurring financial charges65 | €1,650 | €1,314 | €23,027 | €170,110 | €138,132 | ▼ 18.8% |
| Debt charges650 | - | - | - | €166,358 | €135,413 | ▼ 18.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €1,363 | - | - |
| Other financial charges652/9 | - | - | - | €2,389 | €2,719 | ▲ 13.8% |
| Non-recurring financial charges66B | - | - | €20,316 | €20,316 | €20,316 | = |
| Profit (loss) for the period before taxes9903 | €133,052 | €158,976 | €509,102 | €957,581 | €1.1m | ▲ 11.7% |
| Income taxes67/77 | €594 | €338 | €364 | €319 | €550 | ▲ 72.2% |
| Taxes670/3 | - | - | - | €330 | €550 | ▲ 66.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €11 | - | - |
| Profit (loss) for the period9904 | €132,458 | €158,638 | €508,737 | €957,262 | €1.1m | ▲ 11.7% |
| Profit (loss) for the period to be appropriated9905 | €132,458 | €158,638 | €508,737 | €957,262 | €1.1m | ▲ 11.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.4m | €10.4m | €10.8m | €11.4m | €12.3m | ▲ 8.5% |
| Fixed assets21/28 | €10.2m | €10.2m | €10.2m | €10.3m | €10.3m | ▼ 0.8% |
| Intangible fixed assets21 | €281 | - | - | €5,667 | €4,251 | ▼ 25.0% |
| Tangible fixed assets22/27 | €212,197 | €232,267 | €288,368 | €462,264 | €435,777 | ▼ 5.7% |
| Land and buildings22 | €201,880 | €216,514 | €260,649 | €326,229 | €329,280 | ▲ 0.9% |
| Plant, machinery and equipment23 | €9,312 | €15,254 | €13,955 | €11,143 | €9,104 | ▼ 18.3% |
| Furniture and vehicles24 | €1,004 | €499 | €13,764 | €124,892 | €97,394 | ▼ 22.0% |
| Financial fixed assets28 | €10.0m | €10.0m | €9.9m | €9.9m | €9.8m | ▼ 0.5% |
| Affiliated companies280/1 | - | - | - | €9.9m | €9.8m | ▼ 0.5% |
| Participating interests280 | - | - | - | €9.9m | €9.8m | ▼ 0.5% |
| Current assets29/58 | €210,905 | €210,243 | €611,438 | €1.0m | €2.1m | ▲ 102% |
| Stocks and contracts in progress3 | - | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €193,164 | €191,413 | €380,327 | €74,798 | €90,924 | ▲ 21.6% |
| Trade receivables40 | €191,666 | €190,452 | €378,830 | €59,890 | €71,435 | ▲ 19.3% |
| Other amounts receivable41 | €1,498 | €961 | €1,496 | €14,908 | €19,489 | ▲ 30.7% |
| Current investments50/53 | - | - | €190,000 | €789,095 | €1.9m | ▲ 140% |
| Other investments51/53 | - | - | - | €789,095 | €1.9m | ▲ 140% |
| Cash at bank and in hand54/58 | €17,741 | €18,830 | €41,111 | €163,299 | €83,784 | ▼ 48.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2,467 | €6,664 | ▲ 170% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.4m | €10.4m | €10.8m | €11.4m | €12.3m | ▲ 8.5% |
| Equity10/15 | €7.5m | €7.7m | €8.2m | €9.1m | €10.2m | ▲ 11.7% |
| Contributions10/11 | €8.1m | €8.1m | €8.1m | €8.1m | €8.1m | = |
| Reserves13 | €18,745 | €18,745 | €18,745 | €18,745 | €2.2m | ▲ 11,419% |
| Non-distributable reserves130/1 | €18,745 | €18,745 | €18,745 | €0 | - | - |
| Reserves not available under the articles1311 | €18,745 | €18,745 | €18,745 | €0 | - | - |
| Distributable reserves133 | - | - | - | €18,745 | €2.2m | ▲ 11,419% |
| Profit (loss) carried forward14 | -€553,633 | -€394,995 | €113,743 | €1.1m | - | - |
| Provisions and deferred taxes16 | €241,300 | €241,300 | €241,300 | €0 | - | - |
| Provisions for liabilities and charges160/5 | €241,300 | €241,300 | €241,300 | €0 | - | - |
| Pensions and similar obligations160 | €241,300 | €241,300 | €241,300 | €0 | - | - |
| Amounts payable17/49 | €2.6m | €2.5m | €2.4m | €2.2m | €2.1m | ▼ 4.6% |
| Amounts payable after more than one year17 | €2.0m | €2.0m | €0 | €87,621 | €62,989 | ▼ 28.1% |
| Financial debts170/4 | - | - | - | €87,621 | €62,989 | ▼ 28.1% |
| Credit institutions173 | - | - | - | €87,621 | €62,989 | ▼ 28.1% |
| Other amounts payable178/9 | €2.0m | €2.0m | €0 | - | - | - |
| Amounts payable within one year42/48 | €629,604 | €489,923 | €2.4m | €2.1m | €2.0m | ▼ 4.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23,834 | €24,632 | ▲ 3.3% |
| Trade debts44 | €98,111 | €46,535 | €44,762 | €33,442 | €42,336 | ▲ 26.6% |
| Suppliers440/4 | €98,111 | €46,535 | €44,762 | €33,442 | €42,336 | ▲ 26.6% |
| Taxes, remuneration and social security45 | €12,275 | €12,613 | €15,584 | €12,214 | €44,086 | ▲ 261% |
| Taxes450/3 | €12,275 | €12,613 | €13,159 | €12,214 | €41,661 | ▲ 241% |
| Remuneration and social security454/9 | - | - | €2,425 | €0 | €2,425 | - |
| Other amounts payable47/48 | €519,219 | €430,775 | €2.3m | €2.1m | €1.9m | ▼ 6.9% |
| Accrued charges and deferred income492/3 | €2,677 | €2,848 | €0 | - | €24,223 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €132,458 | €158,638 | €508,737 | €957,262 | €1.1m | ▲ 11.7% |
| + Depreciation and write-downs630 | €4,785 | €9,748 | €12,783 | €36,965 | €48,788 | ▲ 32.0% |
| Operating cash flow (approximation) | €137,243 | €168,386 | €521,520 | €994,227 | €1.1m | ▲ 12.5% |
| Investment in fixed assets (approximation) | - | -€29,538 | -€18,568 | -€166,212 | €29,430 | ▲ 118% |
| Change in cash | - | €1,089 | €22,281 | €122,188 | -€79,514 | ▼ 165% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.1m ▲11.7%
Net result €1.1m, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.02
Current ratio from 0.48 to 1.02; short-term debt falls from €2.1m to €2.0m.
31-12
Financial
Equity above €10mEq €10.2m ▲11.7%
6 profitable years in a row build equity to €10.2m.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated · 29 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
21-05
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
16-02
State Gazette act
General meeting · Auditor reappointment
Permanent representative · Director resignation
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
Show earlier events
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €679,348
Net result €679,348 after 2 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€92,795
Net result drops to -€92,795, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
13-06
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
2012
07-02
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
Financial milestoneState Gazette actNBB 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, Zonnebeke · 1 establishment unit since 2003
Ground area
2,082 m²
Building footprint
292 m²
Volume, LiDAR
1,791 m³
Parcel 33035A0153/00D000, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FINDES
since 20032.127.667.878
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33035A0153/00D000 | Flanders | 2,082 m² | 1 · 292 m² | 12.0 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.
Structure & network
Owners and holdings
1 holding · 3 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
97.62%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
DEPRO PROFILES 97.62%2 subsidiaries
- DECOLOGIC 100%
- Triwood Decorative SolutionsUS 100%
According to the 2025 annual accounts of FINDES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 750 EUR awarded · 750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 750 EUR | 750 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
6994003ZSJU0VVDGSA54
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Of 2,771 companies in sector 69109 we hold annual accounts for 1,209. 106 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
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
69109Other legal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405476331
Also
9925:BE0405476331
Registered
09-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.