FINES TERRAE
ActiveSummary
FINES TERRAE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €132k and a net result of €-419. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 88% of 1304 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-32
Solvency100▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 3.84 in 2024; short-term debt: 21% and cash: 19% of total assets), and 24% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76%
Return on assets
-0.2%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
2 d late
2024
9 d early
2023
1 d early
2022
5 d early
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€132k▼ 8.9%
2024 · €144k
2019: €79k
2020: €80k
2021: €26k
2022: €21k
2023: €66k
2024: €144k
2019 → 2025
Total assets
€173k▼ 14.4%
2024 · €202k
2019: €101k
2020: €108k
2021: €63k
2022: €113k
2023: €131k
2024: €202k
2019 → 2025
Net result
€-419
2024 · €79k
2019: €-138k
2020: €1k
2021: €-54k
2022: €-5k
2023: €45k
2024: €79k
2019 → 2025
Working capital
€57k▼ 53.4%
2024 · €122k
2019: €57k
2020: €44k
2021: €8k
2022: €-2k
2023: €46k
2024: €122k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€21k▼ 19.0%€66k▲ 209%€144k▲ 119%€132k▼ 8.9%
Operating result€-54k-€-4k▲ 91.7%€46k€79k▲ 74.1%€-247
Net result€-54k-€-5k▲ 90.7%€45k€79k▲ 76.1%€-419
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €247 after €79k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €173k
Fixed assets
€80k ▲ 118%
Current assets
€93k ▼ 43.6%
Equity and liabilities €173k
Equity
€132k ▼ 8.9%
Debt
€41k ▼ 28.2%
Debt's share of the balance-sheet total falls from 28.6% to 24.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▼
2024 · €90k
Cash flow
€12k▼
2024 · €90k
Current ratio
2.57▼
2024 · 3.84
Debt to equity
0.32▼
2024 · 0.40
ROE
-0.3%▼
2024 · 54.3%
ROA
-0.2%▼
2024 · 38.8%
Interest coverage
14.11▼
2024 · 157.59
Debt ≤ 1 year
€36k▼
2024 · €43k
Debt > 1 year
€5k▼
2024 · €15k
Income taxes
€153▼
2024 · €160
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€202k€173k▼
Fixed assets21/28€37k€80k▲
Tangible fixed assets22/27€37k€26k▼
Land and buildings22€11k€9k▼
Plant, machinery and equipment23€1k€2k▲
Leasing and similar rights25€25k€15k▼
Financial fixed assets28-€53k
Current assets29/58€166k€93k▼
Amounts receivable after more than one year29-€25k
Other amounts receivable291-€25k
Amounts receivable within one year40/41€99k€34k▼
Trade receivables40€96k€31k▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€65k€33k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€202k€173k▼
Equity10/15€144k€132k▼
Contributions10/11€12k€0▼
Reserves13€132k€132k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€130k€132k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€58k€41k▼
Amounts payable after more than one year17€15k€5k▼
Financial debts170/4€15k€5k▼
Amounts payable within one year42/48€43k€36k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Financial debts43€5k€1k▼
Credit institutions430/8€5k€1k▼
Trade debts44€1k€6k▲
Suppliers440/4€1k€6k▲
Taxes, remuneration and social security45€22k€8k▼
Taxes450/3€20k€8k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€5k€11k▲
Accrued charges and deferred income492/3-€251
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€12k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€92k€14k▼
Operating profit (loss)9901€79k€-247▼
Financial income75/76B€1€827▲
Recurring financial income75€1€827▲
Financial charges65/66B€573€846▲
Recurring financial charges65€573€846▲
Profit (loss) for the period before taxes9903€79k€-267▼
Income taxes67/77€160€153▼
Profit (loss) for the period9904€79k€-419▼
Profit (loss) for the period to be appropriated9905€79k€-419▼
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€-419▲
Profit (loss) brought forward from the previous period14P€-151k€0▲
Transfer from equity791/2€73k€419▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €79k ▲76.1%
Operating result €79k, net result €79k, both a record.
30-06
Financial
Equity above €100kEq €144k ▲119%
2 profitable years in a row build equity to €144k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €45k
Net result €45k after 2 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 2.12
Current ratio from 0.96 to 2.12; short-term debt falls from €58k to €41k.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-03
State Gazette act
Board meeting · Director resignation
Permanent representative
2017
06-10
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Laureins · 1 establishment unit since 2017
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.
Kruispolderstraat(STM) 99981 Sint-LaureinsGround area
1.0 ha
Building footprint
144 m²
Volume, LiDAR
910 m³
Parcel 43015B0294/00N000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FINES TERRAE
since 20172.265.984.435
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43015B0294/00N000 | Flanders | 1.0 ha | 1 · 144 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Connections & network
2 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 510 EUR awarded · 510 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 510 EUR | 510 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DEGROOTE A.
BE 0821.932.864
Knokke-Heist · Eq €132,193
ONIRO
BE 0721.886.470
Tournai · Eq €130,831
FREDERIC POIVRE
BE 0654.881.642
Erquelinnes · Eq €130,667
Osti
BE 0699.830.551
Gent · Eq €129,484
Kurt De Scheerder
BE 0842.040.865
Oudenaarde · Eq €127,939
Of 1,856 companies in sector 55204 we hold annual accounts for 450. 361 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-04-2017
Fiscal year end30-06
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.