Fineway
ActiveSummary
The computed 12-month bankruptcy probability of Fineway is 15.6% (high). The 2024 annual accounts show negative equity (-€53,236) and a net result of -€12,951. Equity is shrinking by ~58% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth55=
Track record86
Bankruptcy probability, 12 months
15.6%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.25 in 2023; short-term debt: 205.1% and cash: 1% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
-105.1%
Return on assets
-25.6%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year -€53,236
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
118 d late
2022
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 77 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
Address struck
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€153,107▲ 59.9%
2022 · €95,723
EBIT margin
-22.0%▼ 13.1pp
2022 · -8.9%
Net result
-€12,951▲ 61.6%
2023 · -€33,768
Working capital
-€91,396▼ 3.4%
2023 · -€88,362
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Turnover€95,723-€153,107▲ 59.9%
Operating result-€8,476--€33,674▼ 297%-€12,921▲ 61.6%
Net result-€8,516--€33,768▼ 297%-€12,951▲ 61.6%
EBIT margin-8.9%--22.0%▼ 13.1pp
Equity-€6,516--€40,285▼ 518%-€53,236▼ 32.1%
Total assets€99,405-€78,205▼ 21.3%€50,638▼ 35.2%
Debt€105,921-€118,489▲ 11.9%€103,874▼ 12.3%
Working capital-€50,511--€88,362▼ 74.9%-€91,396▼ 3.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,921 in 2024 against €33,674 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €50,638
Fixed assets
€38,160 ▼ 20.6%
Current assets
€12,478 ▼ 58.6%
Key figures and ratios
EBITDA
-€3,004▲
2023 · -€23,757
Cash flow
-€3,034▲
2023 · -€23,851
Solvency
-105.1%▼
2023 · -51.5%
Current ratio
0.12▼
2023 · 0.25
Debt to equity
-1.95▲
2023 · -2.94
ROA
-25.6%▲
2023 · -43.2%
Interest coverage
-100.13▲
2023 · -252.49
Debt ≤ 1 year
€103,874▼
2023 · €118,489
Staff costs
-€1,862▼
2023 · €43,978
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | €95,723 | €153,107 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €77,016 | €129,909 | €4,866 | ▼ 96.3% |
| Remuneration, social security and pensions62 | €24,249 | €43,978 | -€1,862 | ▼ 104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27 | €9,917 | €9,917 | = |
| Other operating charges640/8 | €2,907 | €2,977 | - | - |
| Gross operating margin9900 | €18,707 | €23,198 | -€4,866 | ▼ 121% |
| Operating profit (loss)9901 | -€8,476 | -€33,674 | -€12,921 | ▲ 61.6% |
| Financial charges65/66B | €40 | €94 | €30 | ▼ 68.1% |
| Recurring financial charges65 | €40 | €94 | €30 | ▼ 68.1% |
| Profit (loss) for the period before taxes9903 | -€8,516 | -€33,768 | -€12,951 | ▲ 61.6% |
| Profit (loss) for the period9904 | -€8,516 | -€33,768 | -€12,951 | ▲ 61.6% |
| Profit (loss) for the period to be appropriated9905 | -€8,516 | -€33,768 | -€12,951 | ▲ 61.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €99,405 | €78,205 | €50,638 | ▼ 35.2% |
| Fixed assets21/28 | €43,995 | €48,078 | €38,160 | ▼ 20.6% |
| Tangible fixed assets22/27 | €29,725 | €19,808 | €9,890 | ▼ 50.1% |
| Furniture and vehicles24 | €29,725 | €19,808 | €9,890 | ▼ 50.1% |
| Financial fixed assets28 | €14,270 | €28,270 | €28,270 | = |
| Current assets29/58 | €55,410 | €30,127 | €12,478 | ▼ 58.6% |
| Amounts receivable within one year40/41 | €43,916 | €13,916 | €11,961 | ▼ 14.0% |
| Trade receivables40 | €43,751 | €13,354 | €10,774 | ▼ 19.3% |
| Other amounts receivable41 | €165 | €561 | €1,187 | ▲ 111% |
| Cash at bank and in hand54/58 | €11,494 | €16,211 | €517 | ▼ 96.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €99,405 | €78,205 | €50,638 | ▼ 35.2% |
| Equity10/15 | -€6,516 | -€40,285 | -€53,236 | ▼ 32.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Capital10 | €2,000 | €2,000 | €2,000 | = |
| Issued capital100 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€8,516 | -€42,285 | -€55,236 | ▼ 30.6% |
| Amounts payable17/49 | €105,921 | €118,489 | €103,874 | ▼ 12.3% |
| Amounts payable within one year42/48 | €105,921 | €118,489 | €103,874 | ▼ 12.3% |
| Trade debts44 | €61,846 | €9,734 | €9,928 | ▲ 2.0% |
| Suppliers440/4 | €61,846 | €9,734 | €9,928 | ▲ 2.0% |
| Taxes, remuneration and social security45 | €24,572 | €10,737 | - | - |
| Taxes450/3 | €4,710 | €6,004 | - | - |
| Remuneration and social security454/9 | €19,862 | €4,733 | - | - |
| Other amounts payable47/48 | €19,504 | €98,018 | €93,946 | ▼ 4.2% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,516 | -€33,768 | -€12,951 | ▲ 61.6% |
| + Depreciation and write-downs630 | €27 | €9,917 | €9,917 | = |
| Operating cash flow (approximation) | -€8,489 | -€23,851 | -€3,034 | ▲ 87.3% |
| Investment in fixed assets (approximation) | - | -€14,000 | €1 | ▲ 100% |
| Change in cash | - | €4,718 | -€15,694 | ▼ 433% |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 54 days late
12-05
KBO administration
Address struck
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 118 days late
2023
31-12
Financial
Weakest financial yearnet -€33,768
Net result drops to -€33,768, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
SignalFinancial 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, Antwerpen
Ground area
261 m²
Building footprint
261 m²
Volume, LiDAR
4,112 m³
Parcel 11811L3838/00N000, Flanders · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
236
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3838/00N000 | Flanders | 261 m² | 1 · 261 m² | 22.5 m · 6 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 to 2023 · 2 entries · 826 EUR awarded · 826 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 434 EUR | 434 EUR |
| 2022 | 1 | 392 EUR | 392 EUR |
Identification & contact
Identification
Legal formPrivate limited company
Founded09-05-2022
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.