Finefloor
ActiveSummary
Finefloor has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €656,477 and a net result of €75,596. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+11
Solvency66▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.74 in 2024; short-term debt: 59.3% and cash: 17.7% of total assets), but 59.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
40.7%
Return on assets
4.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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
13 d late
2024
60 d late
2023
20 d late
2022
18 d late
2021
11 d late
2020
16 d late
2019
7 d late
← 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 21 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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, abbreviated schema
Equity
€656,477▼ 10.7%
2024 · €735,273
Total assets
€1.6m▼ 4.4%
2024 · €1.7m
Net result
€75,596▲ 24.7%
2024 · €60,637
Working capital
€583,405▼ 17.6%
2024 · €707,650
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, 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
Operating result€384,218▲ 81.0%€132,052▼ 65.6%€79,541▼ 39.8%€115,491▲ 45.2%€141,393▲ 22.4%
Net result€256,355above the sector's middle half▲ 94.3%€77,334within the sector's middle half▼ 69.8%€34,138within the sector's middle half▼ 55.9%€60,637within the sector's middle half▲ 77.6%€75,596within the sector's middle half▲ 24.7%
Equity€587,836within the sector's middle half▲ 77.3%€665,170within the sector's middle half▲ 13.2%€699,308within the sector's middle half▲ 5.1%€735,273within the sector's middle half▲ 5.1%€656,477within the sector's middle half▼ 10.7%
Total assets€1.4mwithin the sector's middle half▲ 89.5%€1.7mwithin the sector's middle half▲ 17.9%€1.2mwithin the sector's middle half▼ 29.6%€1.7mwithin the sector's middle half▲ 41.1%€1.6mwithin the sector's middle half▼ 4.4%
Debt€854,136▲ 98.9%€1.0m▲ 21.2%€497,227▼ 52.0%€953,577▲ 91.8%€957,933▲ 0.5%
Working capital€556,311▲ 83.4%€639,245▲ 14.9%€684,282▲ 7.0%€707,650▲ 3.4%€583,405▼ 17.6%
Solvency40.8%within the sector's middle half▼ 2.8pp39.1%within the sector's middle half▼ 1.7pp58.4%within the sector's middle half▲ 19.3pp43.5%within the sector's middle half▼ 14.9pp40.7%within the sector's middle half▼ 2.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result +94% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€73,072 ▲ 165%
Current assets
€1.5m ▼ 7.2%
Equity and liabilities €1.6m
Equity
€656,477 ▼ 10.7%
Debt
€957,933 ▲ 0.5%
Debt's share of the balance-sheet total rises from 56.5% to 59.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€157,831▲
2024 · €126,491
Cash flow
€92,033▲
2024 · €71,636
Current ratio
1.61▼
2024 · 1.74
Quick ratio
1.48▼
2024 · 1.53
Debt to equity
1.46▲
2024 · 1.30
ROE
11.5%▲
2024 · 8.2%
ROA
4.7%▲
2024 · 3.6%
Interest coverage
5.68▲
2024 · 4.49
Debt ≤ 1 year
€957,933▲
2024 · €953,577
Income taxes
€38,070▲
2024 · €34,495
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,569 | €13,138 | €14,433 | €10,999 | €16,438 | ▲ 49.4% |
| Other operating charges640/8 | €5,771 | €10,237 | €6,580 | €6,686 | €4,449 | ▼ 33.5% |
| Gross operating margin9900 | €395,558 | €155,428 | €100,554 | €133,177 | €162,280 | ▲ 21.9% |
| Operating profit (loss)9901 | €384,218 | €132,052 | €79,541 | €115,491 | €141,393 | ▲ 22.4% |
| Financial income75/76B | €4,266 | €6,479 | €6,422 | €7,804 | €76 | ▼ 99.0% |
| Recurring financial income75 | €4,266 | €6,479 | €6,422 | €7,804 | €76 | ▼ 99.0% |
| Financial charges65/66B | €10,483 | €10,862 | €29,625 | €28,164 | €27,804 | ▼ 1.3% |
| Recurring financial charges65 | €10,483 | €10,862 | €29,625 | €28,164 | €27,804 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €378,001 | €127,669 | €56,337 | €95,132 | €113,665 | ▲ 19.5% |
| Income taxes67/77 | €121,646 | €50,335 | €22,199 | €34,495 | €38,070 | ▲ 10.4% |
| Profit (loss) for the period9904 | €256,355 | €77,334 | €34,138 | €60,637 | €75,596 | ▲ 24.7% |
| Profit (loss) for the period to be appropriated9905 | €256,355 | €77,334 | €34,138 | €60,637 | €75,596 | ▲ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.7m | €1.2m | €1.7m | €1.6m | ▼ 4.4% |
| Fixed assets21/28 | €31,525 | €25,925 | €15,026 | €27,623 | €73,072 | ▲ 165% |
| Tangible fixed assets22/27 | €31,525 | €25,925 | €15,026 | €27,623 | €73,072 | ▲ 165% |
| Plant, machinery and equipment23 | - | - | - | €21,956 | €23,068 | ▲ 5.1% |
| Furniture and vehicles24 | €27,366 | €22,215 | €11,767 | €2,857 | €47,644 | ▲ 1,567% |
| Other tangible fixed assets26 | €4,160 | €3,710 | €3,260 | €2,810 | €2,360 | ▼ 16.0% |
| Current assets29/58 | €1.4m | €1.7m | €1.2m | €1.7m | €1.5m | ▼ 7.2% |
| Stocks and contracts in progress3 | €9,300 | €11,072 | €265,131 | €198,889 | €119,071 | ▼ 40.1% |
| Stocks30/36 | €9,300 | €11,072 | €265,131 | €198,889 | €119,071 | ▼ 40.1% |
| Amounts receivable within one year40/41 | €843,951 | €1.2m | €665,716 | €1.3m | €1.1m | ▼ 15.1% |
| Trade receivables40 | €759,810 | €1.0m | €427,100 | €1.1m | €1.1m | ▼ 2.6% |
| Other amounts receivable41 | €84,141 | €155,852 | €238,616 | €204,404 | €31,000 | ▼ 84.8% |
| Cash at bank and in hand54/58 | €552,801 | €474,043 | €247,237 | €120,803 | €285,243 | ▲ 136% |
| Deferred charges and accrued income490/1 | €4,394 | €4,559 | €3,425 | €3,604 | €1,780 | ▼ 50.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.7m | €1.2m | €1.7m | €1.6m | ▼ 4.4% |
| Equity10/15 | €587,836 | €665,170 | €699,308 | €735,273 | €656,477 | ▼ 10.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €569,236 | €646,570 | €680,708 | €716,673 | €637,877 | ▼ 11.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €567,376 | €644,710 | €678,848 | €714,813 | €636,017 | ▼ 11.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €854,136 | €1.0m | €497,227 | €953,577 | €957,933 | ▲ 0.5% |
| Amounts payable within one year42/48 | €854,136 | €1.0m | €497,227 | €953,577 | €957,933 | ▲ 0.5% |
| Financial debts43 | €300,000 | €400,000 | €300,000 | €400,000 | €400,000 | = |
| Credit institutions430/8 | €300,000 | €400,000 | €300,000 | €400,000 | €400,000 | = |
| Trade debts44 | €228,139 | €530,650 | €197,227 | €534,297 | €495,305 | ▼ 7.3% |
| Suppliers440/4 | €228,139 | €530,650 | €197,227 | €534,297 | €495,305 | ▼ 7.3% |
| Advances received on contracts in progress46 | €219,000 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €106,997 | €104,684 | - | €19,279 | €50,426 | ▲ 162% |
| Taxes450/3 | €106,997 | €104,684 | - | €19,279 | €50,426 | ▲ 162% |
| Other amounts payable47/48 | - | - | - | - | €12,203 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €256,355 | €77,334 | €34,138 | €60,637 | €75,596 | ▲ 24.7% |
| + Depreciation and write-downs630 | €5,569 | €13,138 | €14,433 | €10,999 | €16,438 | ▲ 49.4% |
| Operating cash flow (approximation) | €261,924 | €90,472 | €48,571 | €71,636 | €92,033 | ▲ 28.5% |
| Investment in fixed assets (approximation) | - | -€7,538 | -€3,535 | -€23,596 | -€61,886 | ▼ 162% |
| Change in cash | - | -€78,759 | -€226,806 | -€126,434 | €164,440 | ▲ 230% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 18 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
31-12
Financial
Highest result since 2018net €256,355 ▲94.3%
Operating result €384,218, net result €256,355, both a record.
31-12
Financial
Equity above €500,000Eq €587,836 ▲77.3%
4 profitable years in a row build equity to €587,836.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Equity above €200,000Eq €331,481 ▲66.1%
3 profitable years in a row build equity to €331,481.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Equity above €150,000Eq €199,523 ▲342%
2 profitable years in a row build equity to €199,523.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Hoegaarden · 1 establishment unit since 2003
Ground area
830 m²
Building footprint
299 m²
Volume, LiDAR
1,413 m³
Parcel 24041D0078/00F000, Flanders · tallest building 12.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FINEFLOOR
since 20032.131.609.939
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24041D0078/00F000 | Flanders | 830 m² | 1 · 299 m² | 12.5 m · 1 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 663 companies in sector 16110 we hold annual accounts for 320. 218 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
Founded02-05-2003
Fiscal year end31-12
Activities, NACEBEL 2025
16110Sawmilling and planing of wood
Contact
E-mail
europe_wood@yahoo.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480137132
Also
9925:BE0480137132
Registered
25-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.