FINETOP
Open bankruptcyA bankruptcy procedure is open for FINETOP according to publications in the Belgian State Gazette; curator: ANOUK DE VLEESHOUWER. The 2022 annual accounts show equity of €74k and a net result of €-25k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 23-10-2023, 84 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
84 d late
2021
54 d late
2020
59 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€74k▼ 25.1%
2021 · €98k
2018: €35k
2019: €38k
2020: €68k
2021: €98k
2018 → 2022
Total assets
€300k▼ 5.1%
2021 · €316k
2018: €213k
2019: €213k
2020: €251k
2021: €316k
2018 → 2022
Net result
€-25k
2021 · €31k
2018: €5k
2019: €5k
2020: €31k
2021: €31k
2018 → 2022
Working capital
€53k▼ 20.1%
2021 · €67k
2018: €31k
2019: €31k
2020: €54k
2021: €67k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€35k-€38k▲ 10.3%€68k▲ 77.6%€98k▲ 45.1%€74k▼ 25.1%
Operating result€5k-€11k▲ 136%€40k▲ 273%€42k▲ 4.4%€-23k
Net result€5k-€5k=€31k▲ 558%€31k▼ 0.3%€-25k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €23k after €42k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €300k
Fixed assets
€54k▲ 6.4%
Current assets
€246k▼ 7.3%
Equity and liabilities €300k
Equity
€74k▼ 25.1%
Debt
€227k▲ 4.0%
The debt ratio rises from 68.9% to 75.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▼
2021 · €52k
Cash flow
€-10k▼
2021 · €41k
Solvency
24.6%▼
2021 · 31.1%
Current ratio
1.28▼
2021 · 1.34
Quick ratio
0.84▼
2021 · 0.92
Debt / equity
3.07▲
2021 · 2.21
ROE
-33.5%▼
2021 · 31.1%
ROA
-8.2%▼
2021 · 9.7%
Interest coverage
-2.26▼
2021 · 87.54
Debt
€227k▲
2021 · €218k
Debt ≤ 1 year
€193k▼
2021 · €199k
Debt > 1 year
€34k▲
2021 · €19k
Income taxes
€2k▼
2021 · €11k
Staff costs
€40k▲
2021 · €31k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€316k€300k▼
Fixed assets21/28€51k€54k▲
Tangible fixed assets22/27€51k€54k▲
Plant, machinery and equipment23€21k€17k▼
Furniture and vehicles24€30k€38k▲
Current assets29/58€265k€246k▼
Stocks and contracts in progress3€83k€84k▲
Stocks30/36€83k€84k▲
Amounts receivable within one year40/41€144k€104k▼
Trade receivables40€87k€65k▼
Other amounts receivable41€57k€39k▼
Cash at bank and in hand54/58€37k€56k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€316k€300k▼
Equity10/15€98k€74k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€90k€66k▼
Amounts payable17/49€218k€227k▲
Amounts payable after more than one year17€19k€34k▲
Financial debts170/4€19k€34k▲
Amounts payable within one year42/48€199k€193k▼
Current portion of amounts payable after more than one year42€6k€14k▲
Trade debts44€136k€128k▼
Suppliers440/4€136k€128k▼
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€24k€18k▼
Taxes450/3€20k€12k▼
Remuneration and social security454/9€4k€6k▲
Other amounts payable47/48€32k€28k▼
Income statement
Code20212022
Remuneration, social security and pensions62€31k€40k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€15k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-3k-
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A€5k-
Gross operating margin9900€88k€36k▼
Operating profit (loss)9901€42k€-23k▼
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€595€3k▲
Recurring financial charges65€595€3k▲
Profit (loss) for the period before taxes9903€42k€-23k▼
Income taxes67/77€11k€2k▼
Profit (loss) for the period9904€31k€-25k▼
Profit (loss) for the period to be appropriated9905€31k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€90k€66k▼
Profit (loss) brought forward from the previous period14P€60k€90k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · FINETOP BV MOLENWEG 98A, 2830 WILLEBROEK · event 17-02-2025
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
31-12
Financial
Weakest financial yearnet €-25k ▼181%
Net result drops to €-25k, the lowest in the series.
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Highest result since 2018net €31k ▲558%
Net result €31k, the highest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 49 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Willebroek · 1 establishment unit since 2019
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.
Molenweg 98A2830 WillebroekGround area
7,783 m²
Building footprint
2,560 m²
Volume, LiDAR
12,624 m³
Parcel 12342C0579/00G000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FINETOP
since 20192.287.740.446
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12342C0579/00G000 | Flanders | 7,783 m² | 1 · 2,560 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANOUK DE VLEESHOUWER DRABSTRAAT 18,
2800 MECHELEN |
17-02-2025 → present |
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,648 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-02-2014
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
68121Development of residential building projects
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:000000000