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FINESA

Active Private limited company (pre-2019)founded 2009active for 17 yearsHeufkensstraat 41, 9630 ZwalmKBO/BCE: BE 0809.632.175 #9 company by total assets in Zwalm, Manufacturing sector
FINESA
Financial year 2025
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Annual accounts 2025

micro format, filed on 24-03-2026, 37 days before the deadline
€23,268
▲ 48.3%
€10,910
▲ €14,035
€5,596
▲ €17,259
-€251,531
▲ €9,048
-48.7%
▲ 1.5 percentage points
0.35
▲ 0.02

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €180,000. Estimated: probably between €81,000 and €420,000.

In the rankings #9 company by total assets in Zwalm, Manufacturing sector

Balance sheet

balance sheet total €345,220 on 30-09-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-48.7%

Higher than 10% of 841 companies in 2025.

0.35

Higher than 7% of 801 companies in 2025.

1.6%

Higher than 39% of 813 companies in 2025.

FINESA Middle half of the sector 80% of the sector Micro accounts in other manufacturing (NACE 32)

Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010
Balance sheet: assets
20/58 345,220346,226358,295360,822364,537360,309380,509412,892463,285482,038522,680539,763375,262368,098341,575291,948
21/28 210,727221,341230,886233,350242,059251,145260,232270,373286,005301,858320,169336,342209,635224,083246,328245,981
22/27 210,727221,341230,886233,350242,059251,145260,232270,373286,005301,858320,169336,342209,635224,083246,328245,981
22 208,133216,386224,640232,894241,148249,752258,355266,959275,563284,167292,770301,374192,238197,061220,855221,500
23 ---4569111,3941,8762,7384,5626,3869,75211,6405,8768,2982,345678
24 2,5954,9556,245---06765,88111,30617,64723,32811,52118,72423,12723,803
29/58 134,493124,885127,410127,473122,479109,164120,278142,519177,280180,180202,511203,421165,627144,01595,24845,966
3 115,336103,511101,688103,068102,43290,475101,796122,818152,727164,824165,718182,428152,571130,74570,09632,289
30/36 115,336103,511101,688103,068102,43290,475101,796122,818152,727164,824165,718182,428152,571130,74570,09632,289
40/41 15,72819,80820,75512,70711,1839,44811,03013,81016,5647,65934,5329,9574,21610,88718,0387,452
40 3,6907,89710,0001,986792--5,3638,135-26,8692,1433,09010,88716,4297,273
41 12,03811,91110,75510,72110,3919,44811,0308,4478,4297,6597,6637,8141,126-1,609179
54/58 3,4291,5664,96711,2548,8649,2417,4525,8917,6917,6972,26111,0368,8212,3836,6272,729
490/1 ---444--00298---19-4863,497
Balance sheet: equity and liabilities
10/49 345,220346,226358,295360,822364,537360,309380,509412,892463,285482,038522,680539,763375,262368,098341,575291,948
10/15 -167,980-173,576-161,912-176,479-167,749-163,553-151,531-139,132-115,536-99,944-101,731-53,844-25,49855118,73818,732
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
100 -----18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
13 138138138138138138138138138138138139139138138132
130/1 138138138138138138----------
130 -----138138138138138138139139138138132
1311 138138138138138-----------
14 -186,719-192,314-180,651-195,217-186,488-182,292-170,270-157,871-134,275-118,683-120,469-72,583-44,237-18,187--
17/49 513,200519,801520,207537,301532,287523,862532,041552,024578,821581,983624,411593,607400,760367,547322,837273,215
17 127,176134,337141,271155,338161,996161,497167,312172,914178,312183,511189,234193,202196,969200,546229,342232,566
170/4 127,176134,337141,271155,338161,996161,497167,312172,914178,312183,511189,234193,202196,969200,546229,342232,566
42/48 386,024385,465378,936381,963368,959362,366364,729379,110400,510398,471435,177400,405203,791167,00193,49540,649
42 7,1616,9346,7147,0346,29611,4185,6025,3975,2005,0093,9683,7673,5773,3963,2243,061
44 5,06912,7681,4146,3151,6241,060-2,19315,2504,13530,47715,35013,23816,77338,0587,229
440/4 5,06912,7681,4146,3151,6241,060-2,19315,2504,13530,47715,35013,23816,77338,0587,229
46 ----------31,696-----
45 31,48729,33833,36133,78029,38726,88030,81429,41928,44021,53512,15014,66912,3356,26335656
450/3 31,48729,33833,36133,78029,38726,88030,81429,41928,44021,53512,15013,66912,3356,26335656
454/9 -----------1,000----
47/48 342,307336,424337,447334,835331,651323,008328,312342,101351,620367,792356,886366,619174,641140,56951,85730,304
492/3 ----1,332-----------
Income statement
76A 1,5801,4892162162162162166902,744----839--
9900 23,26815,68531,8698,19623,599-2,1673,072-2,6225,79027,683-15,0103,5308,7839,62313,22319,326
62 6823,3601,816-------------
630 10,61412,4379,6878,7099,0869,08610,14111,10315,85218,31118,72918,32614,44714,4472,1701,611
631/4 ------------1,200---
640/8 1,0633,0137251,9179093592,969804155305325464769618412,197
66A -----------2,5585,204---
9901 10,910-3,12619,641-2,43113,603-11,612-10,038-13,805-10,4788,842-34,271-15,342-7,340-5,78510,21215,519
75/76B 06181159-----3944381,0441,146125
75 06181159-----3944381,0441,146125
65/66B 5,1708,4135,0756,38017,9594102,3629,7915,1147,05513,92910,83014,47214,39010,20715,409
65 5,1708,4135,0756,38017,9594102,3626,7615,1147,05513,92910,83014,47214,39010,20715,409
66B ------03,030--------
9903 5,739-11,53214,567-8,730-4,196-12,022-12,399-23,596-15,5921,787-47,806-28,292-25,972-18,1906135
67/77 144132--------805478-303
9904 5,596-11,66314,567-8,730-4,196-12,022-12,399-23,596-15,5921,787-47,886-28,346-26,050-18,1876132
9905 5,596-11,66314,567-8,730-4,196-12,022-12,399-23,596-15,5921,787-47,886-28,346-26,050-18,1876132
Appropriation of the result
9906 -186,719-192,314-180,651-195,217-186,488-182,292-170,270-157,871-134,275-118,683-120,469-72,583-44,237-18,1876132
14P -192,314-180,651-195,217-186,488------------
691/2 --------------6132
6920 --------------6132
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 24-03-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 24-03-2026 2026-00060156 PDF
30-09-2024 micro format 30-04-2025 2025-00082411 PDF
30-09-2023 micro format 30-04-2024 2024-00076795 PDF
30-09-2022 micro format 07-03-2023 2023-00036436 PDF
30-09-2021 micro format 22-03-2022 2022-08200019 PDF
30-09-2020 micro format 17-06-2021 2021-21500002 PDF
30-09-2019 micro format 21-12-2020 2020-76700301 PDF
30-09-2018 micro format 21-12-2020 2020-76700445 PDF
30-09-2017 micro format 12-04-2018 2018-09900573 PDF
30-09-2016 abbreviated format 28-04-2017 2017-10800472 PDF
30-09-2015 abbreviated format 19-09-2016 2016-60300518 PDF
30-09-2014 abbreviated format 16-09-2015 2015-58900424 PDF
30-09-2013 abbreviated format 30-04-2014 2014-11100468 PDF
30-09-2012 abbreviated format 30-09-2013 2013-60700041 PDF
30-09-2011 abbreviated format 27-04-2012 2012-10000048 PDF
30-09-2010 abbreviated format 20-09-2011 2011-54800317 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010
21,5239,31129,3286,27922,690-2,525104-2,7025,37527,153-15,5422,9847,1078,66212,38217,130
16,20977424,253-204,890-2,935-2,258-12,49326120,098-29,157-10,020-11,603-3,7402,1761,743
02,8937,2230000-4,530002,556151,090-1-7,7982,517247,592
1,864-3,401-6,2862,389-3771,7891,561-1,800-55,436-8,7752,2156,438-4,2443,898-
-251,531-260,580-251,527-254,491-246,480-253,202-244,451-236,590-223,230-218,291-232,666-196,984-38,164-22,9861,7535,318
-48.7%-50.1%-45.2%-48.9%-46.0%-45.4%-39.8%-33.7%-24.9%-20.7%-19.5%-10.0%-6.8%0.1%5.5%6.4%
0.350.320.340.330.330.300.330.380.440.450.470.510.810.861.021.13
0.050.060.070.060.050.050.050.050.060.040.080.050.060.080.270.34
--------------17.2314.59
--------------0.0%0.7%
1.6%-3.4%4.1%-2.4%-1.2%-3.3%-3.3%-5.7%-3.4%0.4%-9.2%-5.3%-6.9%-4.9%0.0%0.0%
4.161.115.780.98------------

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-09-202530-09-202430-09-202330-09-2022
Tangible fixed assets-€2,893€7,223-
€10,614€12,437€9,687€8,709

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on FINESA

The operating result for 2025 is a profit of €10,910, after a loss of €3,126 in 2024.

Equity is negative. Debt (€513,200) exceeds the balance-sheet total (€345,220).

Next steps

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