FINESTRA
ActiveFINESTRA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €932k and a net result of €232k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▼-2
Solvency80▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 2.45 against 1.99 in 2023; short-term debt: 35.4% and cash: 47.2% of total assets), and 44.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
55.4%
Return on assets
13.8%
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 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
156 d early
2022
40 d early
2021
39 d early
2020
45 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€932k▲ 22.1%
2023 · €763k
2018: €284k
2019: €431k
2020: €548k
2021: €645k
2022: €535k
2023: €763k
2018 → 2024
Total assets
€1.68M▲ 10.6%
2023 · €1.52M
2018: €1.18M
2019: €1.51M
2020: €1.51M
2021: €1.83M
2022: €1.52M
2023: €1.52M
2018 → 2024
Net result
€232k▲ 1.2%
2023 · €229k
2018: €64k
2019: €148k
2020: €105k
2021: €97k
2022: €6k
2023: €229k
2018 → 2024
Working capital
€866k▲ 37.5%
2023 · €630k
2018: €164k
2019: €392k
2020: €515k
2021: €521k
2022: €396k
2023: €630k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€548k-€645k▲ 17.8%€535k▼ 17.1%€763k▲ 42.7%€932k▲ 22.1%
Operating result€169k-€145k▼ 14.2%€3k▼ 98.0%€342k▲ 11,897%€333k▼ 2.8%
Net result€105k-€97k▼ 7.1%€6k▼ 93.3%€229k▲ 3,437%€232k▲ 1.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.68M
Fixed assets
€221k▼ 13.8%
Current assets
€1.46M▲ 15.6%
Equity and liabilities €1.68M
Equity
€932k▲ 22.1%
Debt
€751k▼ 0.9%
The debt ratio falls from 49.8% to 44.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€404k▼
2023 · €408k
Cash flow
€303k▲
2023 · €294k
Solvency
55.4%▲
2023 · 50.2%
Current ratio
2.45▲
2023 · 1.99
Quick ratio
2.22▲
2023 · 1.65
Debt / equity
0.81▼
2023 · 0.99
ROE
24.9%▼
2023 · 30.0%
ROA
13.8%▼
2023 · 15.1%
Interest coverage
34.83▲
2023 · 34.05
Debt
€751k▼
2023 · €758k
Debt ≤ 1 year
€596k▼
2023 · €635k
Debt > 1 year
€68k▼
2023 · €123k
Income taxes
€111k▲
2023 · €108k
Staff costs
€1.12M▼
2023 · €1.19M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.52M€1.68M▲
Fixed assets21/28€256k€221k▼
Tangible fixed assets22/27€232k€196k▼
Land and buildings22€15k€15k=
Plant, machinery and equipment23€49k€33k▼
Furniture and vehicles24€7k€32k▲
Leasing and similar rights25€152k€105k▼
Other tangible fixed assets26€9k€12k▲
Financial fixed assets28€25k€25k=
Current assets29/58€1.26M€1.46M▲
Stocks and contracts in progress3€219k€138k▼
Stocks30/36€219k€138k▼
Amounts receivable within one year40/41€394k€308k▼
Trade receivables40€393k€306k▼
Other amounts receivable41€894€2k▲
Current investments50/53€100k€207k▲
Cash at bank and in hand54/58€532k€794k▲
Deferred charges and accrued income490/1€20k€15k▼
Equity and liabilities
Total equity and liabilities10/49€1.52M€1.68M▲
Equity10/15€763k€932k▲
Contributions10/11€67k€67k=
Capital10€67k€67k=
Issued capital100€67k€67k=
Reserves13€696k€865k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€690k€859k▲
Amounts payable17/49€758k€751k▼
Amounts payable after more than one year17€123k€68k▼
Financial debts170/4€123k€68k▼
Amounts payable within one year42/48€635k€596k▼
Current portion of amounts payable after more than one year42€54k€55k▲
Financial debts43€2k€2k▲
Credit institutions430/8€2k€2k▲
Trade debts44€86k€84k▼
Suppliers440/4€86k€84k▼
Advances received on contracts in progress46€354k€322k▼
Taxes, remuneration and social security45€135k€131k▼
Taxes450/3€51k€48k▼
Remuneration and social security454/9€84k€83k▼
Other amounts payable47/48€4k€859▼
Accrued charges and deferred income492/3€100€88k▲
Income statement
Code20232024
Non-recurring operating income76A€14k-
Remuneration, social security and pensions62€1.19M€1.12M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€71k▲
Other operating charges640/8€19k€12k▼
Gross operating margin9900€1.61M€1.54M▼
Operating profit (loss)9901€342k€333k▼
Financial income75/76B€7k€22k▲
Recurring financial income75€7k€22k▲
Financial charges65/66B€12k€12k▼
Recurring financial charges65€12k€12k▼
Profit (loss) for the period before taxes9903€338k€343k▲
Income taxes67/77€108k€111k▲
Profit (loss) for the period9904€229k€232k▲
Profit (loss) for the period to be appropriated9905€229k€232k▲
Appropriation of the result
Profit (loss) to be appropriated9906€229k€232k▲
Transfer from equity791/2-€62k
Transfer to equity691/2€228k€231k▲
To other reserves6921€228k€231k▲
Profit to be distributed694/7€800€63k▲
Return on contributions (dividend)694€800€63k▲
Social balance
Average headcount (FTE)908716.116.0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €232k ▲1.2%
Net result €232k, the highest in the series.
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €6k ▼93.3%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €548k ▲27.2%
3 profitable years in a row build equity to €548k.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
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.
Directors · office · real estate
Directors
8 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, Turnhout · 4 establishment units since 2002
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.
Rubensstraat 202300 TurnhoutGround area
2,170 m²
Building footprint
1,066 m²
Volume, LiDAR
5,835 m³
4 parcels, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
4 establishment units
Finestra
since 20022.096.223.448
Finestra
since 20022.096.223.349
Finestra
since 20212.320.258.410
Eikenlei 83A, 2960 Brecht
since 20262.390.183.928
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11042A0013/00V000 | Flanders | 1,224 m² | 1 · 257 m² | 1.9 m |
| 13453O0633/00N007 | Flanders | 520 m² | 1 · 520 m² | 12.7 m · 1 fl. |
| 11342A0210/00C003indicative | Flanders | 240 m² | 1 · 103 m² | 12.1 m · 4 fl. |
| 13008H0588/00C003 | Flanders | 186 m² | 1 · 186 m² | 13.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
3 of 4 parcels 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 to 2025 · 5 entries · 3,877 EUR awarded · 3,877 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 554 EUR | 554 EUR |
| 2024 | 1 | 524 EUR | 524 EUR |
| 2023 | 2 | 1,995 EUR | 1,995 EUR |
| 2022 | 1 | 804 EUR | 804 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
967600TLL60X5DRHJM60
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Of 20,030 companies in sector 43320 we hold annual accounts for 9,135. 4,572 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-07-2002
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
47529Retail trade
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.