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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
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Overview

Lifetime

16 annual accounts with figures on one time axis
peak €31,869 (2023)
€23,268▲ 48.3%
lowest -€47,886 (2015)
€5,596▲ €17,259
peak €18,738 (2011)
-€167,980▲ €5,596
€513,200▼ 1.3%
Board1 name since 2009
1 director
Documentsfilings and deeds
24-03-202637 days before the deadline
2025micro format
Gross margin from €15,685 to €23,268Back to profit: €5,596Cash from €1,566 to €3,429

Key points

from the 2025 annual accounts

Equity

-€167,980
202020212022202320242025

Debts exceed assets in financial year 2025.

Debts

€513,200 149% of the balance sheet
Financial debts 25%Suppliers 1%Taxes and wages 6%Other 68%

Of this, €386,024 falls due within a year.

Position in the sector

-€167,980

Less equity than 95% of companies in other manufacturing. Sector median €55,684 · 841 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 1,378 companies had the same profile as FINESA has now. Each dot stands for 4 companies, two years later.

94.3%
were still trading
3.2%
stopped another way
2.4%
went bankrupt
  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,378 companies, not a prediction for FINESA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 30-01-2009
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0809632175
Incorporation published on 17-02-2009 · Gazette deed
First establishment Heufkensstraat 41, Zwalm
All 23 events

Comparable companies

same main activity, similar in size and age
Company
FINESA Zwalm €345,220 €23,268 -48.7% -
KERADENTAL Grimbergen €245,633 €26,902 51.4% -
DENTAL HARMONY Lennik €375,355 €40,639 36.8% -
LaZI-RUSh Aalter €610,303 €32,103 87.5% -
EEN2ZES Ghent €257,544 €48,794 57.0% -
DEXAMED Oostkamp €566,313 €20,983 75.3% -
PiVer Gembloux €269,506 €42,854 94.2% -

These companies have the same main activity as FINESA: manufacture of medical and dental instruments and supplies (NACE 32500). They are comparable in size and age: total assets between €246,000 and €610,000, founded between 2007 and 2010.

Official details

Source: KBO
Status
Active since 06-02-2009Normal situation
Activity
Manufacture of medical and dental instruments and suppliesNACE 32500
Establishment unit
2.178.196.3669630 Zwalm, since 30-01-2009
Financial year end
30 September
Peppol
Reachable since 02-09-2023
Company details

Annual accounts to 30-09-2025

€23,268▲ 48.3%
≈ €180,000estimated
€5,596
-€167,980▲ 3.2%
€345,220▼ 0.3%
≈ 0 FTEestimated
Filing
Filed on 24-03-2026, 37 days before the end of the filing period
Financials

Insights on FINESA

FINESA files the micro format. That format states no turnover. The gross margin rose from €19,326 in 2010 to €23,268 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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).

Board & ownership

Board

1 director
Director
since 30-01-2009
listed in the 2025 annual accounts, filed on 24-03-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director
Board
Mandates as a list
    • Director, from 30-01-2009 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2025 annual accounts

Network & group

No group

FINESA has no parent and no holdings in its annual accounts. is the only director. FINESA shares no director with another company.

Timeline

Timeline

23 events since 2009

Deadline for the 2026 accounts: 30-04-2027

2026
Annual accounts 2025 filed PDFmicro format · 37 days before the deadline
2025
Back to profit net €5,596 The net result is €5,596, after one loss-making year.
Annual accounts 2024 filed PDFmicro format · on the deadline day
2024
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Back to profit net €14,567 The net result is €14,567, after 6 loss-making years.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0809632175
Annual accounts 2022 filed PDFmicro format · 54 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 39 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 48 days late
2020
Annual accounts 2018 filed PDFmicro format · 601 days late
Annual accounts 2019 filed PDFmicro format · 235 days late
2018
Annual accounts 2017 filed PDFmicro format · 18 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 2 days before the deadline
2016
Back to profit net €1,787 The net result is €1,787, after 4 loss-making years.
Annual accounts 2015 filed PDFabbreviated format · 142 days late
2015
Weakest financial year net -€47,886 The net result drops to -€47,886, the lowest from 2010 to 2025. It recovers the following year.
Annual accounts 2014 filed PDFabbreviated format · 139 days late
2014
Annual accounts 2013 filed PDFabbreviated format · on the deadline day
2013
Annual accounts 2012 filed PDFabbreviated format · 153 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 3 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 143 days late
2009
Incorporation PDFpublished on 17-02-2009
First establishment Heufkensstraat 41, Zwalm

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

FINESA was incorporated on 6 February 2009.1 Since 2009, has served as director.2 Total assets went from €380,509 in 2019 to €345,220 in 2025.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2025
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0809.632.175
VAT number
BE 0809.632.175
Peppol ID
0208:0809632175
Other Peppol ID
9925:BE0809632175
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
06-02-2009
Financial year
ends on 30 September
Peppol
Reachable since 02-09-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
FINESA in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
32500 Manufacture of medical and dental instruments and supplies main activity
Codes under NACEBEL 2008
32500 Manufacture of medical and dental instruments and supplies main activity

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
Heufkensstraat 41 registered office 9630 Zwalm 30-01-2009 2.178.196.366 Retail - compound feed for production animals

Buildings and parcels at the address

Ground area
1,936 m²
Buildings
507 m²
Volume, LiDAR
2,489 m³
Tallest building
9.9 m
Buildings to scale, each on its own parcel
507 m², 9.9 m 507 m², 9.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
45046A0371/00K0001,936 m² 1 · 507 m² 9.9 m · 2

Recognitions

Food safety, FASFC

1 site
Zwalmunit number 2.178.196.366
1 permission
Retail - compound feed for production animals · since 02-02-2015

Source: FAVV-AFSCA, open data, updated on 02-11-2026

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