Summary
FINDRO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €19,230 and a net result of €65,537. Equity is shrinking by ~19% per year across the filed fiscal years. Its solvency ranks better than 17% of 2469 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 2469 sector peers (2025).
NBB · sector comparisonPosition among 2469 sector peers
Solvency
better than 17%
← weakest
strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
4 d early
2024
9 d early
2023
16 d early
2022
33 d early
2021
6 d early
2020
3 d early
2019
38 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 16 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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. Usually files around 22 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,230▼ 81.2%
2024 · €102,359
Net result
€65,537▼ 24.5%
2024 · €86,792
Total assets
€193,417▼ 1.5%
2024 · €196,319
Solvency
9.9%▼ 42.2pp
2024 · 52.1%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€78,143▼ 7.8%€80,981▲ 3.6%€69,984▼ 13.6%€105,969▲ 51.4%€81,446▼ 23.1%
Net result€61,190within the sector's middle half▼ 7.9%€62,642within the sector's middle half▲ 2.4%€55,202within the sector's middle half▼ 11.9%€86,792above the sector's middle half▲ 57.2%€65,537within the sector's middle half▼ 24.5%
Equity€122,723within the sector's middle half▼ 57.2%€110,365within the sector's middle half▼ 10.1%€90,567within the sector's middle half▼ 17.9%€102,359within the sector's middle half▲ 13.0%€19,230below the sector's middle half▼ 81.2%
Total assets€161,481within the sector's middle half▼ 49.7%€204,433within the sector's middle half▲ 26.6%€183,608within the sector's middle half▼ 10.2%€196,319within the sector's middle half▲ 6.9%€193,417within the sector's middle half▼ 1.5%
Debt€38,758▲ 11.8%€94,068▲ 143%€93,041▼ 1.1%€93,960▲ 1.0%€167,187▲ 77.9%
Working capital€53,534within the sector's middle half▼ 80.0%€62,898within the sector's middle half▲ 17.5%€60,960within the sector's middle half▼ 3.1%€46,969within the sector's middle half▼ 23.0%-€7,438within the sector's middle half
Solvency76.0%above the sector's middle half▼ 13.2pp54.0%within the sector's middle half▼ 22.0pp49.3%within the sector's middle half▼ 4.7pp52.1%within the sector's middle half▲ 2.8pp9.9%below the sector's middle half▼ 42.2pp
Current ratio2.38within the sector's middle half▼ 6.341.67within the sector's middle half▼ 0.711.66within the sector's middle half▼ 0.011.50within the sector's middle half▼ 0.160.96within the sector's middle half▼ 0.54
Return on assets (ROA)37.9%above the sector's middle half▲ 17.2pp30.6%above the sector's middle half▼ 7.3pp30.1%above the sector's middle half▼ 0.6pp44.2%above the sector's middle half▲ 14.1pp33.9%above the sector's middle half▼ 10.3pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193,417
Fixed assets
€33,668 ▼ 39.2%
Current assets
€159,749 ▲ 13.4%
Equity and liabilities €193,417
Equity
€19,230 ▼ 81.2%
Provisions
€7,000
Debt
€167,187 ▲ 77.9%
Debt's share of the balance-sheet total rises from 47.9% to 86.4%. Equity is lower and debt is higher.
Key figures and ratios
ROE
340.8%▲
2024 · 84.8%
Debt ≤ 1 year
€167,187▲
2024 · €93,960
Income taxes
€17,660▼
2024 · €21,996
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €15,837 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,244 | €21,722 | €17,860 | €17,988 | €21,722 | ▲ 20.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €7,000 | - |
| Other operating charges640/8 | €843 | €855 | €921 | €942 | €863 | ▼ 8.3% |
| Gross operating margin9900 | €97,229 | €103,558 | €88,764 | €124,898 | €111,031 | ▼ 11.1% |
| Operating profit (loss)9901 | €78,143 | €80,981 | €69,984 | €105,969 | €81,446 | ▼ 23.1% |
| Financial income75/76B | €31 | - | €1,012 | €2,991 | €1,906 | ▼ 36.3% |
| Recurring financial income75 | €31 | - | €1,012 | €2,991 | €1,906 | ▼ 36.3% |
| Financial charges65/66B | €135 | €122 | €131 | €172 | €155 | ▼ 9.6% |
| Recurring financial charges65 | €135 | €122 | €131 | €172 | €155 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €78,039 | €80,859 | €70,865 | €108,788 | €83,197 | ▼ 23.5% |
| Income taxes67/77 | €16,849 | €18,217 | €15,664 | €21,996 | €17,660 | ▼ 19.7% |
| Profit (loss) for the period9904 | €61,190 | €62,642 | €55,202 | €86,792 | €65,537 | ▼ 24.5% |
| Profit (loss) for the period to be appropriated9905 | €61,190 | €62,642 | €55,202 | €86,792 | €65,537 | ▼ 24.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161,481 | €204,433 | €183,608 | €196,319 | €193,417 | ▼ 1.5% |
| Fixed assets21/28 | €69,189 | €47,467 | €29,607 | €55,390 | €33,668 | ▼ 39.2% |
| Tangible fixed assets22/27 | €69,189 | €47,467 | €29,607 | €55,390 | €33,668 | ▼ 39.2% |
| Furniture and vehicles24 | €69,189 | €47,467 | €29,607 | €55,390 | €33,668 | ▼ 39.2% |
| Current assets29/58 | €92,292 | €156,966 | €154,001 | €140,929 | €159,749 | ▲ 13.4% |
| Amounts receivable within one year40/41 | €24,904 | €33,785 | €19,441 | €21,031 | €22,788 | ▲ 8.4% |
| Trade receivables40 | €23,945 | €27,347 | €18,803 | €21,031 | €22,788 | ▲ 8.4% |
| Other amounts receivable41 | €959 | €6,438 | €638 | - | - | - |
| Current investments50/53 | - | - | €125,000 | €80,000 | €115,000 | ▲ 43.8% |
| Cash at bank and in hand54/58 | €63,387 | €119,169 | €5,252 | €34,537 | €16,311 | ▼ 52.8% |
| Deferred charges and accrued income490/1 | €4,001 | €4,013 | €4,308 | €5,361 | €5,650 | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161,481 | €204,433 | €183,608 | €196,319 | €193,417 | ▼ 1.5% |
| Equity10/15 | €122,723 | €110,365 | €90,567 | €102,359 | €19,230 | ▼ 81.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €104,123 | €91,765 | €71,967 | €83,759 | €630 | ▼ 99.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €102,263 | €89,905 | €71,967 | €83,759 | €630 | ▼ 99.2% |
| Provisions and deferred taxes16 | - | - | - | - | €7,000 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €7,000 | - |
| Other liabilities and charges164/5 | - | - | - | - | €7,000 | - |
| Amounts payable17/49 | €38,758 | €94,068 | €93,041 | €93,960 | €167,187 | ▲ 77.9% |
| Amounts payable within one year42/48 | €38,758 | €94,068 | €93,041 | €93,960 | €167,187 | ▲ 77.9% |
| Trade debts44 | €348 | €610 | €370 | €232 | €616 | ▲ 165% |
| Suppliers440/4 | €348 | €610 | €370 | €232 | €616 | ▲ 165% |
| Taxes, remuneration and social security45 | €13,410 | €18,458 | €17,672 | €18,728 | €39,955 | ▲ 113% |
| Taxes450/3 | €13,410 | €18,458 | €17,672 | €18,728 | €39,955 | ▲ 113% |
| Other amounts payable47/48 | €25,000 | €75,000 | €75,000 | €75,000 | €126,616 | ▲ 68.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,190 | €62,642 | €55,202 | €86,792 | €65,537 | ▼ 24.5% |
| + Depreciation and write-downs630 | €18,244 | €21,722 | €17,860 | €17,988 | €21,722 | ▲ 20.8% |
| Operating cash flow (approximation) | €79,433 | €84,364 | €73,061 | €104,780 | €87,259 | ▼ 16.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€43,771 | €0 | ▲ 100% |
| Change in cash | - | €55,782 | -€113,917 | €29,285 | -€18,226 | ▼ 162% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €102,359 ▲13%
7 profitable years in a row build equity to €102,359.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €55,202 ▼11.9%
Net result drops to €55,202, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 8.07
Current ratio from 3.38 to 8.07; short-term debt falls from €46,359 to €27,598.
31-12
Financial
Equity above €200,000Eq €221,666 ▲52.4%
2 profitable years in a row build equity to €221,666.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Truiden · 1 establishment unit since 2018
Ground area
1,085 m²
Building footprint
131 m²
Volume, LiDAR
675 m³
Parcel 71053G0203/00H000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FINDRO
since 20182.277.186.351
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053G0203/00H000 | Flanders | 1,085 m² | 1 · 131 m² | 7.5 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.
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Of 1,506 companies in sector 66199 we hold annual accounts for 922. 413 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
Founded25-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0698792354
Also
9925:BE0698792354
Registered
28-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.