FINE MANAGEMENT
ActiveSummary
FINE MANAGEMENT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €17k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 89% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+8
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 6.37 against 8.26 in 2024; short-term debt: 14.3% and cash: 7.3% of total assets), and 14.3% 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
85.7%
Return on assets
20.3%
Age of the figures
12 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
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 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
8 d early
2023
on the day
2022
38 d early
2021
30 d early
2020
23 d early
2019
34 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
€73k▼ 33.9%
2024 · €110k
2018: €83k
2019: €93k▲ +11.4% vs 2018
2020: €93k▲ +0.6% vs 2019
2021: €102k▲ +9.3% vs 2020
2022: €80k▼ -21.8% vs 2021
2023: €93k▲ +17.0% vs 2022
2024: €110k▲ +17.9% vs 2023highest in 8 years
2025: €73k▼ -33.9% vs 2024lowest in 8 years
2018 → 2025
Total assets
€85k▼ 31.3%
2024 · €124k
2018: €107k
2019: €131k▲ +22.5% vs 2018highest in 8 years
2020: €103k▼ -21.7% vs 2019
2021: €104k▲ +1.6% vs 2020
2022: €83k▼ -20.5% vs 2021lowest in 8 years
2023: €106k▲ +27.4% vs 2022
2024: €124k▲ +17.1% vs 2023
2025: €85k▼ -31.3% vs 2024
2018 → 2025
Net result
€17k▲ 3.4%
2024 · €17k
2018: €20khighest in 8 years
2019: €9k▼ -52.4% vs 2018
2020: €564▼ -94.1% vs 2019lowest in 8 years
2021: €9k▲ +1446% vs 2020
2022: €2k▼ -80.0% vs 2021
2023: €14k▲ +678% vs 2022
2024: €17k▲ +22.9% vs 2023
2025: €17k▲ +3.4% vs 2024
2018 → 2025
Working capital
€66k▼ 33.5%
2024 · €99k
2018: €6klowest in 8 years
2019: €28k▲ +406% vs 2018
2020: €41k▲ +45.2% vs 2019
2021: €63k▲ +52.2% vs 2020
2022: €52k▼ -16.9% vs 2021
2023: €79k▲ +51.5% vs 2022
2024: €99k▲ +25.3% vs 2023highest in 8 years
2025: €66k▼ -33.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€102k-€80k▼ 21.8%€93k▲ 17.0%€110k▲ 17.9%€73k▼ 33.9%
2021: €102k
2022: €80k▼ -21.8% vs 2021
2023: €93k▲ +17.0% vs 2022
2024: €110k▲ +17.9% vs 2023highest in 5 years
2025: €73k▼ -33.9% vs 2024lowest in 5 years
Operating result€13k-€4k▼ 72.1%€20k▲ 434%€26k▲ 32.2%€29k▲ 10.4%
2021: €13k
2022: €4k▼ -72.1% vs 2021lowest in 5 years
2023: €20k▲ +434% vs 2022
2024: €26k▲ +32.2% vs 2023
2025: €29k▲ +10.4% vs 2024highest in 5 years
Net result€9k-€2k▼ 80.0%€14k▲ 678%€17k▲ 22.9%€17k▲ 3.4%
2021: €9k
2022: €2k▼ -80.0% vs 2021lowest in 5 years
2023: €14k▲ +678% vs 2022
2024: €17k▲ +22.9% vs 2023
2025: €17k▲ +3.4% 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 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85k
Fixed assets
€7k ▼ 37.1%
Current assets
€78k ▼ 30.7%
Equity and liabilities €85k
Equity
€73k ▼ 33.9%
Debt
€12k ▼ 10.2%
Debt's share of the balance-sheet total rises from 11.0% to 14.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€34k▼
2024 · €41k
Cash flow
€22k▼
2024 · €32k
Current ratio
6.37▼
2024 · 8.26
Debt to equity
0.17▲
2024 · 0.12
ROE
23.7%▲
2024 · 15.2%
ROA
20.3%▲
2024 · 13.5%
Interest coverage
64.87▲
2024 · 25.83
Debt ≤ 1 year
€12k▼
2024 · €14k
Income taxes
€11k▲
2024 · €8k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€124k€85k▼
Fixed assets21/28€12k€7k▼
Tangible fixed assets22/27€12k€7k▼
Furniture and vehicles24€12k€7k▼
Current assets29/58€112k€78k▼
Amounts receivable within one year40/41€99k€70k▼
Trade receivables40€19k€21k▲
Other amounts receivable41€80k€49k▼
Current investments50/53-€1k
Cash at bank and in hand54/58€11k€6k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€124k€85k▼
Equity10/15€110k€73k▼
Contributions10/11€12k€12k=
Reserves13€98k€60k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€96k€59k▼
Amounts payable17/49€14k€12k▼
Amounts payable within one year42/48€14k€12k▼
Current portion of amounts payable after more than one year42€10k€5k▼
Trade debts44€2k€726▼
Suppliers440/4€2k€726▼
Taxes, remuneration and social security45€1k€7k▲
Taxes450/3€1k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€5k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€3k-
Gross operating margin9900€47k€36k▼
Operating profit (loss)9901€26k€29k▲
Financial income75/76B€18€33▲
Recurring financial income75€18€33▲
Financial charges65/66B€2k€522▼
Recurring financial charges65€2k€522▼
Profit (loss) for the period before taxes9903€25k€29k▲
Income taxes67/77€8k€11k▲
Profit (loss) for the period9904€17k€17k▲
Profit (loss) for the period to be appropriated9905€17k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€17k▲
Transfer from equity791/2-€55k
Transfer to equity691/2€17k€17k▲
To other reserves6921€17k€17k▲
Profit to be distributed694/7-€55k
Return on contributions (dividend)694-€55k
The notes to these accounts (7 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 | €13k | €13k | €13k | €15k | €5k | ▼ 69.2% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 15.9% |
| Non-recurring operating charges66A | - | - | - | €3k | - | - |
| Gross operating margin9900 | €28k | €19k | €35k | €47k | €36k | ▼ 22.8% |
| Operating profit (loss)9901 | €13k | €4k | €20k | €26k | €29k | ▲ 10.4% |
| Financial income75/76B | - | - | - | €18 | €33 | ▲ 83.3% |
| Recurring financial income75 | €170 | - | - | €18 | €33 | ▲ 83.3% |
| Financial charges65/66B | - | €310 | €370 | €2k | €522 | ▼ 67.5% |
| Recurring financial charges65 | €426 | €310 | €370 | €2k | €522 | ▼ 67.5% |
| Profit (loss) for the period before taxes9903 | €13k | €3k | €20k | €25k | €29k | ▲ 15.5% |
| Income taxes67/77 | €4k | €2k | €6k | €8k | €11k | ▲ 40.2% |
| Profit (loss) for the period9904 | €9k | €2k | €14k | €17k | €17k | ▲ 3.4% |
| Profit (loss) for the period to be appropriated9905 | €9k | €2k | €14k | €17k | €17k | ▲ 3.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104k | €83k | €106k | €124k | €85k | ▼ 31.3% |
| Fixed assets21/28 | €40k | €28k | €15k | €12k | €7k | ▼ 37.1% |
| Intangible fixed assets21 | €36k | €24k | €12k | - | - | - |
| Tangible fixed assets22/27 | €4k | €4k | €3k | €12k | €7k | ▼ 37.1% |
| Furniture and vehicles24 | - | €4k | €3k | €12k | €7k | ▼ 37.1% |
| Current assets29/58 | €65k | €55k | €91k | €112k | €78k | ▼ 30.7% |
| Amounts receivable within one year40/41 | €43k | €41k | €69k | €99k | €70k | ▼ 29.1% |
| Trade receivables40 | - | €18k | €19k | €19k | €21k | ▲ 11.1% |
| Other amounts receivable41 | - | €23k | €50k | €80k | €49k | ▼ 38.5% |
| Current investments50/53 | - | €10k | €11k | - | €1k | - |
| Cash at bank and in hand54/58 | €21k | €4k | €10k | €11k | €6k | ▼ 45.2% |
| Deferred charges and accrued income490/1 | - | €601 | €601 | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104k | €83k | €106k | €124k | €85k | ▼ 31.3% |
| Equity10/15 | €102k | €80k | €93k | €110k | €73k | ▼ 33.9% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Outside capital11 | - | €12k | - | - | - | - |
| Share premium1100/10 | - | €12k | - | - | - | - |
| Reserves13 | €90k | €67k | €81k | €98k | €60k | ▼ 38.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €66k | €79k | €96k | €59k | ▼ 38.9% |
| Amounts payable17/49 | €2k | €3k | €12k | €14k | €12k | ▼ 10.2% |
| Amounts payable within one year42/48 | €2k | €3k | €12k | €14k | €12k | ▼ 10.2% |
| Current portion of amounts payable after more than one year42 | - | €2k | €1k | €10k | €5k | ▼ 53.2% |
| Trade debts44 | - | €146 | €2k | €2k | €726 | ▼ 63.0% |
| Suppliers440/4 | - | €146 | €2k | €2k | €726 | ▼ 63.0% |
| Taxes, remuneration and social security45 | - | €1k | €9k | €1k | €7k | ▲ 431% |
| Taxes450/3 | - | €1k | €8k | €1k | €7k | ▲ 431% |
| Remuneration and social security454/9 | - | - | €216 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €2k | €14k | €17k | €17k | ▲ 3.4% |
| + Depreciation and write-downs630 | €13k | €13k | €13k | €15k | €5k | ▼ 69.2% |
| Operating cash flow (approximation) | €21k | €15k | €27k | €32k | €22k | ▼ 30.9% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €-12k | €-324 | ▲ 97.3% |
| Change in cash | - | €-18k | €7k | €838 | €-5k | ▼ 709% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €100kEq €110k ▲17.9%
7 profitable years in a row build equity to €110k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity times 6current ratio 31.90
Current ratio from 5.52 to 31.90; short-term debt falls from €9k to €2k.
30-09
Financial
Equity above €100kEq €102k ▲9.3%
4 profitable years in a row build equity to €102k.
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €564 ▼94.1%
Net result drops to €564, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 5.52
Current ratio from 1.75 to 5.52; short-term debt falls from €38k to €9k.
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
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 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, Hamme (Vl.) · 1 establishment unit since 2014
Ground area
699 m²
Building footprint
139 m²
Volume, LiDAR
784 m³
Parcel 42014C0183/00N000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FINE MANAGEMENT
since 20142.235.994.411
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42014C0183/00N000 | Flanders | 699 m² | 1 · 139 m² | 9.2 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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ADAMAS
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,225 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
Founded02-09-2014
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.