FINESSOUND
ActiveSummary
FINESSOUND has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €247k and a net result of €-3k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 84% of 3022 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability30▲+13
Solvency99▼-1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.76 against 8.88 in 2023; short-term debt: 26.5% and cash: 22.3% of total assets), and 26.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer 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 · 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 2024Solvency, return and age of the figures
Solvency
73.5%
Return on assets
-1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-06-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
32 d early
2023
23 d early
2022
32 d early
2021
27 d early
2020
15 d early
2019
38 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€247k▼ 1.3%
2023 · €250k
2018: €249k
2019: €251k▲ +0.8% vs 2018
2020: €252k▲ +0.4% vs 2019
2021: €253k▲ +0.5% vs 2020
2022: €255k▲ +0.4% vs 2021highest in 7 years
2023: €250k▼ -1.6% vs 2022
2024: €247k▼ -1.3% vs 2023lowest in 7 years
2018 → 2024
Total assets
€336k▲ 19.4%
2023 · €282k
2018: €271k
2019: €312k▲ +15.1% vs 2018
2020: €257k▼ -17.6% vs 2019lowest in 7 years
2021: €273k▲ +6.3% vs 2020
2022: €300k▲ +9.7% vs 2021
2023: €282k▼ -6.1% vs 2022
2024: €336k▲ +19.4% vs 2023highest in 7 years
2018 → 2024
Net result
€-3k▲ 21.5%
2023 · €-4k
2018: €35khighest in 7 years
2019: €2k▼ -94.3% vs 2018
2020: €1k▼ -45.1% vs 2019
2021: €1k▲ +12.3% vs 2020
2022: €1k▼ -11.8% vs 2021
2023: €-4k▼ -481% vs 2022lowest in 7 years
2024: €-3k▲ +21.5% vs 2023
2018 → 2024
Working capital
€246k▼ 0.1%
2023 · €246k
2018: €184klowest in 7 years
2019: €250k▲ +35.5% vs 2018
2020: €251k▲ +0.6% vs 2019
2021: €253k▲ +0.7% vs 2020highest in 7 years
2022: €247k▼ -2.3% vs 2021
2023: €246k▼ -0.5% vs 2022
2024: €246k▼ -0.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€252k-€253k▲ 0.5%€255k▲ 0.4%€250k▼ 1.6%€247k▼ 1.3%
2020: €252k
2021: €253k▲ +0.5% vs 2020
2022: €255k▲ +0.4% vs 2021highest in 5 years
2023: €250k▼ -1.6% vs 2022
2024: €247k▼ -1.3% vs 2023lowest in 5 years
Operating result€4k-€7k▲ 55.2%€-7k€-3k▲ 50.9%€-2k▲ 31.3%
2020: €4k
2021: €7k▲ +55.2% vs 2020highest in 5 years
2022: €-7k▼ -204% vs 2021lowest in 5 years
2023: €-3k▲ +50.9% vs 2022
2024: €-2k▲ +31.3% vs 2023
Net result€1k-€1k▲ 12.3%€1k▼ 11.8%€-4k€-3k▲ 21.5%
2020: €1k
2021: €1k▲ +12.3% vs 2020highest in 5 years
2022: €1k▼ -11.8% vs 2021
2023: €-4k▼ -481% vs 2022lowest in 5 years
2024: €-3k▲ +21.5% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €3k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €336k
Fixed assets
€1k ▼ 66.7%
Current assets
€335k ▲ 20.8%
Equity and liabilities €336k
Equity
€247k ▼ 1.3%
Debt
€89k ▲ 185%
Debt's share of the balance-sheet total rises from 11.1% to 26.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€566▲
2023 · €-505
Cash flow
€-286▲
2023 · €-1k
Current ratio
3.76▼
2023 · 8.88
Debt to equity
0.36▲
2023 · 0.12
ROE
-1.3%▲
2023 · -1.6%
ROA
-1.0%▲
2023 · -1.5%
Interest coverage
1.48▲
2023 · -0.88
Debt ≤ 1 year
€89k▲
2023 · €31k
Income taxes
€2k▲
2023 · €1k
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 · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€282k€336k▲
Fixed assets21/28€4k€1k▼
Tangible fixed assets22/27€4k€1k▼
Furniture and vehicles24€4k€1k▼
Current assets29/58€277k€335k▲
Amounts receivable within one year40/41€149k€260k▲
Trade receivables40€126k€242k▲
Other amounts receivable41€22k€18k▼
Cash at bank and in hand54/58€129k€75k▼
Equity and liabilities
Total equity and liabilities10/49€282k€336k▲
Equity10/15€250k€247k▼
Contributions10/11€19k€19k=
Reserves13€236k€236k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€234k€234k=
Profit (loss) carried forward14€-4k€-8k▼
Amounts payable17/49€31k€89k▲
Amounts payable within one year42/48€31k€89k▲
Trade debts44€23k€85k▲
Suppliers440/4€23k€85k▲
Taxes, remuneration and social security45€9k€5k▼
Taxes450/3€9k€5k▼
Income statement
Code20232024
Non-recurring operating income76A€38k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€833€1k▲
Gross operating margin9900€328€2k▲
Operating profit (loss)9901€-3k€-2k▲
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€573€383▼
Recurring financial charges65€573€383▼
Profit (loss) for the period before taxes9903€-3k€-1k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€-4k€-3k▲
Profit (loss) for the period to be appropriated9905€-4k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-8k▼
Profit (loss) brought forward from the previous period14P€-320€-4k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €38k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €460 | €460 | €2k | €3k | €3k | = |
| Other operating charges640/8 | - | €1k | €2k | €833 | €1k | ▲ 20.5% |
| Gross operating margin9900 | €6k | €8k | €-3k | €328 | €2k | ▲ 379% |
| Operating profit (loss)9901 | €4k | €7k | €-7k | €-3k | €-2k | ▲ 31.3% |
| Financial income75/76B | - | €5k | €4k | €1k | €1k | ▲ 5.8% |
| Recurring financial income75 | €6k | €5k | €4k | €1k | €1k | ▲ 5.8% |
| Financial charges65/66B | - | €460 | €478 | €573 | €383 | ▼ 33.2% |
| Recurring financial charges65 | €469 | €460 | €478 | €573 | €383 | ▼ 33.2% |
| Profit (loss) for the period before taxes9903 | €10k | €11k | €-3k | €-3k | €-1k | ▲ 51.1% |
| Income taxes67/77 | €9k | €10k | €-4k | €1k | €2k | ▲ 31.8% |
| Profit (loss) for the period9904 | €1k | €1k | €1k | €-4k | €-3k | ▲ 21.5% |
| Profit (loss) for the period to be appropriated9905 | €1k | €1k | €1k | €-4k | €-3k | ▲ 21.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257k | €273k | €300k | €282k | €336k | ▲ 19.4% |
| Fixed assets21/28 | €920 | €460 | €7k | €4k | €1k | ▼ 66.7% |
| Tangible fixed assets22/27 | €920 | €460 | €7k | €4k | €1k | ▼ 66.7% |
| Plant, machinery and equipment23 | - | €460 | - | - | - | - |
| Furniture and vehicles24 | - | - | €7k | €4k | €1k | ▼ 66.7% |
| Current assets29/58 | €256k | €273k | €293k | €277k | €335k | ▲ 20.8% |
| Amounts receivable within one year40/41 | €171k | €206k | €212k | €149k | €260k | ▲ 74.8% |
| Trade receivables40 | - | €106k | €182k | €126k | €242k | ▲ 91.4% |
| Other amounts receivable41 | - | €99k | €30k | €22k | €18k | ▼ 19.3% |
| Cash at bank and in hand54/58 | €86k | €67k | €81k | €129k | €75k | ▼ 41.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257k | €273k | €300k | €282k | €336k | ▲ 19.4% |
| Equity10/15 | €252k | €253k | €255k | €250k | €247k | ▼ 1.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €234k | €235k | €236k | €236k | €236k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €233k | €234k | €234k | €234k | = |
| Profit (loss) carried forward14 | €-320 | €-320 | €-320 | €-4k | €-8k | ▼ 72.8% |
| Amounts payable17/49 | €5k | €20k | €46k | €31k | €89k | ▲ 185% |
| Amounts payable within one year42/48 | €5k | €20k | €46k | €31k | €89k | ▲ 185% |
| Trade debts44 | €4k | €19k | €43k | €23k | €85k | ▲ 274% |
| Suppliers440/4 | - | €19k | €43k | €23k | €85k | ▲ 274% |
| Taxes, remuneration and social security45 | - | €1k | €2k | €9k | €5k | ▼ 46.8% |
| Taxes450/3 | - | €1k | €2k | €9k | €5k | ▼ 46.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €1k | €1k | €-4k | €-3k | ▲ 21.5% |
| + Depreciation and write-downs630 | €460 | €460 | €2k | €3k | €3k | = |
| Operating cash flow (approximation) | €2k | €2k | €3k | €-1k | €-286 | ▲ 75.4% |
| Investment in fixed assets (approximation) | - | €0 | €-9k | €1 | €0 | ▼ 100% |
| Change in cash | - | €-18k | €14k | €48k | €-54k | ▼ 213% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 10current ratio 51.40
Current ratio from 5.10 to 51.40; short-term debt falls from €61k to €5k.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
29-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 60 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wuustwezel · 1 establishment unit since 2004
Ground area
1,947 m²
Building footprint
186 m²
Volume, LiDAR
1,062 m³
Parcel 11682G0479/00S002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FINESSOUND
since 20042.302.932.527
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11682G0479/00S002 | Flanders | 1,947 m² | 1 · 186 m² | 7.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 9,875 EUR awarded · 9,875 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 9,875 EUR | 9,875 EUR |
Schemes
Vlaams beschermingsmechanisme 12 (stopgezet)
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Of 6,727 companies in sector 93299 we hold annual accounts for 1,168. 751 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.