FINESS
ActiveSummary
The computed 12-month bankruptcy probability of FINESS is 1.8% (moderate). For FINESS, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€271,010) and a net result of €4,290. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 33680 sector peers (fiscal year 2023). The company has been active since 2006 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability75▼-25
Solvency0=
Growth52=
Track record92
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2023Solvency, return and age of the figures
Solvency
-296.9%
Return on assets
4.7%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-03-2025, 236 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
236 d late
2022
602 d late
2021
967 d late
2020
1332 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 652 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
History
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Financials · fiscal year 2023, micro schema
Equity
-€271,010▲ 1.6%
2022 · -€275,300
Total assets
€91,275▼ 15.2%
2022 · €107,668
Net result
€4,290▼ 87.6%
2022 · €34,719
Working capital
-€292,478▲ 3.3%
2022 · -€302,320
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20192020202120222023
Operating result€30,464▼ 36.5%€46,490▲ 52.6%€57,919▲ 24.6%€34,787▼ 39.9%€4,577▼ 86.8%
Net result€30,283▼ 47.2%€46,179above the sector's middle half▲ 52.5%€57,836above the sector's middle half▲ 25.2%€34,719above the sector's middle half▼ 40.0%€4,290within the sector's middle half▼ 87.6%
Equity-€414,034▲ 6.8%-€367,855below the sector's middle half▲ 11.2%-€310,019below the sector's middle half▲ 15.7%-€275,300below the sector's middle half▲ 11.2%-€271,010below the sector's middle half▲ 1.6%
Total assets€60,894▼ 82.8%€69,827within the sector's middle half▲ 14.7%€68,348within the sector's middle half▼ 2.1%€107,668within the sector's middle half▲ 57.5%€91,275within the sector's middle half▼ 15.2%
Debt€474,928▼ 40.5%€437,682▼ 7.8%€378,367▼ 13.6%€382,968▲ 1.2%€362,286▼ 5.4%
Working capital-€424,763▲ 6.0%-€391,801below the sector's middle half▲ 7.8%-€336,201below the sector's middle half▲ 14.2%-€302,320below the sector's middle half▲ 10.1%-€292,478below the sector's middle half▲ 3.3%
Solvency-679.9%▼ 554.4pp-526.8%below the sector's middle half▲ 153.1pp-453.6%below the sector's middle half▲ 73.2pp-255.7%below the sector's middle half▲ 197.9pp-296.9%below the sector's middle half▼ 41.2pp
Current ratio0.11▼ 0.330.10below the sector's middle half=0.11below the sector's middle half▲ 0.010.21below the sector's middle half▲ 0.100.19below the sector's middle half▼ 0.02
Return on assets (ROA)49.7%▲ 33.5pp66.1%above the sector's middle half▲ 16.4pp84.6%above the sector's middle half▲ 18.5pp32.2%above the sector's middle half▼ 52.4pp4.7%within the sector's middle half▼ 27.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 87% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €91,275
Fixed assets
€21,467 ▼ 20.6%
Current assets
€69,808 ▼ 13.4%
Key figures and ratios
EBITDA
€10,130▼
2022 · €41,356
Cash flow
€9,843▼
2022 · €41,288
Debt to equity
-1.34▲
2022 · -1.39
Interest coverage
102.31▼
2022 · 606.39
Debt ≤ 1 year
€362,286▼
2022 · €382,968
Income taxes
€188
Staff costs
€6,655▲
2022 · €4,957
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €4,312 | €4,957 | €6,655 | ▲ 34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,987 | €3,743 | €4,928 | €6,569 | €5,553 | ▼ 15.5% |
| Other operating charges640/8 | - | €2,085 | €1,307 | €679 | €588 | ▼ 13.3% |
| Gross operating margin9900 | €35,623 | €52,318 | €68,465 | €46,992 | €17,373 | ▼ 63.0% |
| Operating profit (loss)9901 | €30,464 | €46,490 | €57,919 | €34,787 | €4,577 | ▼ 86.8% |
| Financial income75/76B | - | - | €1 | - | - | - |
| Recurring financial income75 | - | - | €1 | - | - | - |
| Financial charges65/66B | - | €3 | €84 | €68 | €99 | ▲ 45.2% |
| Recurring financial charges65 | - | €3 | €84 | €68 | €99 | ▲ 45.2% |
| Profit (loss) for the period before taxes9903 | €30,464 | €46,487 | €57,836 | €34,719 | €4,478 | ▼ 87.1% |
| Income taxes67/77 | €181 | €308 | - | - | €188 | - |
| Profit (loss) for the period9904 | €30,283 | €46,179 | €57,836 | €34,719 | €4,290 | ▼ 87.6% |
| Profit (loss) for the period to be appropriated9905 | €30,283 | €46,179 | €57,836 | €34,719 | €4,290 | ▼ 87.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,894 | €69,827 | €68,348 | €107,668 | €91,275 | ▼ 15.2% |
| Fixed assets21/28 | €10,729 | €23,945 | €26,182 | €27,020 | €21,467 | ▼ 20.6% |
| Tangible fixed assets22/27 | €6,969 | €20,185 | €22,422 | €23,260 | €17,707 | ▼ 23.9% |
| Land and buildings22 | - | €16,203 | €14,833 | €13,464 | €12,094 | ▼ 10.2% |
| Plant, machinery and equipment23 | - | €689 | - | - | - | - |
| Furniture and vehicles24 | - | €3,293 | €7,588 | €9,796 | €5,613 | ▼ 42.7% |
| Financial fixed assets28 | €3,760 | €3,760 | €3,760 | €3,760 | €3,760 | = |
| Current assets29/58 | €50,165 | €45,881 | €42,166 | €80,648 | €69,808 | ▼ 13.4% |
| Amounts receivable within one year40/41 | €43,945 | €38,265 | €34,009 | €63,170 | €58,823 | ▼ 6.9% |
| Trade receivables40 | - | €33,195 | €32,278 | €52,172 | €54,974 | ▲ 5.4% |
| Other amounts receivable41 | - | €5,070 | €1,731 | €10,998 | €3,849 | ▼ 65.0% |
| Cash at bank and in hand54/58 | €6,220 | €7,616 | €8,158 | €17,478 | €10,985 | ▼ 37.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,894 | €69,827 | €68,348 | €107,668 | €91,275 | ▼ 15.2% |
| Equity10/15 | -€414,034 | -€367,855 | -€310,019 | -€275,300 | -€271,010 | ▲ 1.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€420,234 | -€374,055 | -€316,219 | -€281,500 | -€277,210 | ▲ 1.5% |
| Amounts payable17/49 | €474,928 | €437,682 | €378,367 | €382,968 | €362,286 | ▼ 5.4% |
| Amounts payable within one year42/48 | €474,928 | €437,682 | €378,367 | €382,968 | €362,286 | ▼ 5.4% |
| Trade debts44 | €9,637 | €23,490 | €30,664 | €54,927 | €66,207 | ▲ 20.5% |
| Suppliers440/4 | - | €23,490 | €30,664 | €54,927 | €66,207 | ▲ 20.5% |
| Taxes, remuneration and social security45 | - | €159 | €291 | €159 | €159 | ▲ 0.1% |
| Taxes450/3 | - | €159 | €159 | €159 | €159 | ▲ 0.1% |
| Remuneration and social security454/9 | - | - | €132 | - | - | - |
| Other amounts payable47/48 | - | €414,033 | €347,413 | €327,883 | €295,920 | ▼ 9.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,283 | €46,179 | €57,836 | €34,719 | €4,290 | ▼ 87.6% |
| + Depreciation and write-downs630 | €2,987 | €3,743 | €4,928 | €6,569 | €5,553 | ▼ 15.5% |
| Operating cash flow (approximation) | €33,270 | €49,921 | €62,764 | €41,288 | €9,843 | ▼ 76.2% |
| Investment in fixed assets (approximation) | - | -€16,959 | -€7,164 | -€7,407 | €0 | ▲ 100% |
| Change in cash | - | €1,396 | €542 | €9,320 | -€6,493 | ▼ 170% |
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
2025
04-04
KBO administration
Strikeout withdrawn
24-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 236 days late
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 602 days late
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 967 days late
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1332 days late
2023
31-12
Financial
Weakest financial yearnet €4,290 ▼87.6%
Net result drops to €4,290, the lowest in the series.
2021
31-12
Financial
Highest result since 2018net €57,836 ▲25.2%
Operating result €57,919, net result €57,836, both a record.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
07-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 404 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
22-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Schilde · 1 establishment unit since 2006
Ground area
1,030 m²
Building footprint
264 m²
Volume, LiDAR
995 m³
Parcel 11039D0344/00X002, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FINESS
since 20062.152.138.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039D0344/00X002 | Flanders | 1,030 m² | 1 · 264 m² | 9.3 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-02-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
47750Retail sale of cosmetics and toilet articles
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879090511
Also
9925:BE0879090511
Registered
03-11-2024
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.