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FINEL

Active
Private limited companyfounded 20242 yrs activeXhoffraix-Au-dessus des Trous 2, 4960 Malmedy, BelgiumKBO/BCE: BE 1004.268.318
Summary

The computed 12-month bankruptcy probability of FINEL is 2.3% (moderate). The 2025 annual accounts show equity of €1.8m and a net result of €204,455. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability61▲+11
Solvency100=
Growth58
Track record82
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.3 against 2.99 in 2024; short-term debt: 15.5% and cash: 2.5% of total assets), and 15.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
84.5%
Return on assets
9.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 10-07-2026, 21 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
21 d early
2024
22 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 22 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FINEL was incorporated on 5 January 2024 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€1.8m▼ 0.7%
2024 · €1.8m
Total assets
€2.2m▲ 14.0%
2024 · €1.9m
Net result
€204,455▲ 123%
2024 · €91,850
Working capital
€99,306▼ 11.2%
2024 · €111,850
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€128,764-€279,291▲ 117%
Net result€91,850-€204,455▲ 123%
Equity€1.8m-€1.8m▼ 0.7%
Total assets€1.9m-€2.2m▲ 14.0%
Debt€56,259-€334,700▲ 495%
Working capital€111,850-€99,306▼ 11.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100,000€200,000€300,000Operating result 2024: €128,764€128,764Net result 2024: €91,850€91,850Operating result 2025: €279,291€279,291Net result 2025: €204,455€204,45520242025€0€100,000€200,000€300,000Operating result 2024: €128,764€129,000Net result 2024: €91,850€91,900Operating result 2025: €279,291€279,000Net result 2025: €204,455€204,00020242025
The operating result rises in 2025; 2025 is 117% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets €1.7m =
Current assets €434,005 ▲ 158%
Equity and liabilities €2.2m
Equity €1.8m ▼ 0.7%
Debt €334,700 ▲ 495%
Debt's share of the balance-sheet total rises from 3.0% to 15.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.30▼
2024 · 2.99
Debt to equity
0.18▲
2024 · 0.03
ROE
11.2%▲
2024 · 5.0%
ROA
9.4%▲
2024 · 4.8%
Debt ≤ 1 year
€334,700▲
2024 · €56,259
Income taxes
€73,319▲
2024 · €36,435
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.9m€2.2m▲
Fixed assets21/28€1.7m€1.7m=
Financial fixed assets28€1.7m€1.7m=
Current assets29/58€168,110€434,005▲
Amounts receivable within one year40/41€136,040€380,072▲
Trade receivables40€136,040€280,000▲
Other amounts receivable41-€100,072
Cash at bank and in hand54/58€32,069€53,934▲
Equity and liabilities
Total equity and liabilities10/49€1.9m€2.2m▲
Equity10/15€1.8m€1.8m▼
Contributions10/11€1.8m€1.8m=
Reserves13€90,000€78,500▼
Distributable reserves133€90,000€78,500▼
Profit (loss) carried forward14€1,850€806▼
Amounts payable17/49€56,259€334,700▲
Amounts payable within one year42/48€56,259€334,700▲
Financial debts43€30,000€70,000▲
Credit institutions430/8€30,000€70,000▲
Trade debts44€24€27,329▲
Suppliers440/4€24€27,329▲
Taxes, remuneration and social security45€19,435€20,371▲
Taxes450/3€19,435€13,986▼
Remuneration and social security454/9-€6,384
Other amounts payable47/48€6,800€217,000▲
Income statement Code20242025
Other operating charges640/8€1,367-
Non-recurring operating charges66A€1,205-
Gross operating margin9900€131,336€279,291▲
Operating profit (loss)9901€128,764€279,291▲
Financial charges65/66B€478€1,516▲
Recurring financial charges65€478€1,516▲
Profit (loss) for the period before taxes9903€128,285€277,775▲
Income taxes67/77€36,435€73,319▲
Profit (loss) for the period9904€91,850€204,455▲
Profit (loss) for the period to be appropriated9905€91,850€204,455▲
Appropriation of the result
Profit (loss) to be appropriated9906€91,850€206,306▲
Profit (loss) brought forward from the previous period14P-€1,850
Transfer from equity791/2-€11,500
Transfer to equity691/2€90,000€0▼
To other reserves6921€90,000€0▼
Profit to be distributed694/7-€217,000
Return on contributions (dividend)694-€217,000

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Other operating charges640/8€1,367--
Non-recurring operating charges66A€1,205--
Gross operating margin9900€131,336€279,291▲ 113%
Operating profit (loss)9901€128,764€279,291▲ 117%
Financial charges65/66B€478€1,516▲ 217%
Recurring financial charges65€478€1,516▲ 217%
Profit (loss) for the period before taxes9903€128,285€277,775▲ 117%
Income taxes67/77€36,435€73,319▲ 101%
Profit (loss) for the period9904€91,850€204,455▲ 123%
Profit (loss) for the period to be appropriated9905€91,850€204,455▲ 123%
Line20242025Change
Assets
Total assets20/58€1.9m€2.2m▲ 14.0%
Fixed assets21/28€1.7m€1.7m=
Financial fixed assets28€1.7m€1.7m=
Current assets29/58€168,110€434,005▲ 158%
Amounts receivable within one year40/41€136,040€380,072▲ 179%
Trade receivables40€136,040€280,000▲ 106%
Other amounts receivable41-€100,072-
Cash at bank and in hand54/58€32,069€53,934▲ 68.2%
Equity and liabilities
Total equity and liabilities10/49€1.9m€2.2m▲ 14.0%
Equity10/15€1.8m€1.8m▼ 0.7%
Contributions10/11€1.8m€1.8m=
Reserves13€90,000€78,500▼ 12.8%
Distributable reserves133€90,000€78,500▼ 12.8%
Profit (loss) carried forward14€1,850€806▼ 56.5%
Amounts payable17/49€56,259€334,700▲ 495%
Amounts payable within one year42/48€56,259€334,700▲ 495%
Financial debts43€30,000€70,000▲ 133%
Credit institutions430/8€30,000€70,000▲ 133%
Trade debts44€24€27,329▲ 112,829%
Suppliers440/4€24€27,329▲ 112,829%
Taxes, remuneration and social security45€19,435€20,371▲ 4.8%
Taxes450/3€19,435€13,986▼ 28.0%
Remuneration and social security454/9-€6,384-
Other amounts payable47/48€6,800€217,000▲ 3,091%
Line20242025Change
Profit (loss) for the period9904€91,850€204,455▲ 123%
Operating cash flow (approximation)€91,850€204,455▲ 123%
Investment in fixed assets (approximation)-€0-
Change in cash-€21,864-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Malmedy · 1 establishment unit since 2024
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Xhoffraix-Au-dessus des Trous 24960 Malmedy
1 establishment unit
FINEL
Xhoffraix-Au-dessus des Trous 2, 4960 MalmedyHoldings
since 20242.354.176.934

Structure & network

Owners and holdings

1 holding · 5 subsidiaries in the tree

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

All subsidiaries, including indirect ones 5

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2025 annual accounts of FINEL 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

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded05-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:1004268318
Also 9925:BE1004268318
Registered 22-12-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.