FINEXCO
Dissolution or liquidationSummary
The KBO register records for FINEXCO the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €18,849 and a net result of €14,720.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-complianceStrikeout withdrawn
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Certified accountants and tax accountants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€14,720▼ 59.2%
2020 · €36,111
Working capital
€41,229▲ 30.5%
2020 · €31,591
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line2018201920202021
Operating result€40,453-€563▼ 98.6%€36,764▲ 6,434%€15,157▼ 58.8%
Net result€37,261-€684▼ 98.2%€36,111within the sector's middle half▲ 5,179%€14,720within the sector's middle half▼ 59.2%
Equity€17,834-€18,518▲ 3.8%€18,630below the sector's middle half▲ 0.6%€18,849below the sector's middle half▲ 1.2%
Total assets€138,403-€129,902▼ 6.1%€151,536within the sector's middle half▲ 16.7%€193,830within the sector's middle half▲ 27.9%
Debt€120,568-€111,384▼ 7.6%€132,907▲ 19.3%€174,981▲ 31.7%
Working capital€18,436-€20,161▲ 9.4%€31,591within the sector's middle half▲ 56.7%€41,229within the sector's middle half▲ 30.5%
Solvency12.9%-14.3%▲ 1.4pp12.3%below the sector's middle half▼ 2.0pp9.7%below the sector's middle half▼ 2.6pp
Current ratio1.15-1.18▲ 0.031.26within the sector's middle half▲ 0.081.27within the sector's middle half▲ 0.01
Return on assets (ROA)26.9%-0.5%▼ 26.4pp23.8%above the sector's middle half▲ 23.3pp7.6%within the sector's middle half▼ 16.2pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 59% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €193,830
Fixed assets
€44 ▼ 63.0%
Current assets
€193,786 ▲ 28.0%
Equity and liabilities €193,830
Equity
€18,849 ▲ 1.2%
Debt
€174,981 ▲ 31.7%
Debt's share of the balance-sheet total rises from 87.7% to 90.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,233▼
2020 · €36,870
Cash flow
€14,795▼
2020 · €36,218
Debt to equity
9.28▲
2020 · 7.13
ROE
78.1%▼
2020 · 193.8%
Interest coverage
8.04▼
2020 · 25.61
Debt ≤ 1 year
€152,557▲
2020 · €119,826
Income taxes
€1,069▼
2020 · €1,138
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €900 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €106 | €106 | €106 | €75 | ▼ 29.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €16,832 | €20,616 | - | - | - |
| Other operating charges640/8 | €2,227 | €3,869 | €2,536 | €2,676 | ▲ 5.5% |
| Gross operating margin9900 | €60,519 | €25,154 | €39,407 | €17,909 | ▼ 54.6% |
| Operating profit (loss)9901 | €40,453 | €563 | €36,764 | €15,157 | ▼ 58.8% |
| Financial income75/76B | €2,279 | €2,247 | €1,925 | €2,525 | ▲ 31.2% |
| Recurring financial income75 | €2,279 | €2,247 | €1,925 | €2,525 | ▲ 31.2% |
| Financial charges65/66B | €4,888 | €1,327 | €1,440 | €1,894 | ▲ 31.6% |
| Recurring financial charges65 | €4,888 | €1,327 | €1,440 | €1,894 | ▲ 31.6% |
| Profit (loss) for the period before taxes9903 | €37,844 | €1,483 | €37,249 | €15,788 | ▼ 57.6% |
| Income taxes67/77 | €583 | €799 | €1,138 | €1,069 | ▼ 6.1% |
| Profit (loss) for the period9904 | €37,261 | €684 | €36,111 | €14,720 | ▼ 59.2% |
| Profit (loss) for the period to be appropriated9905 | €37,261 | €684 | €36,111 | €14,720 | ▼ 59.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €138,403 | €129,902 | €151,536 | €193,830 | ▲ 27.9% |
| Fixed assets21/28 | €332 | €226 | €120 | €44 | ▼ 63.0% |
| Tangible fixed assets22/27 | €332 | €226 | €120 | €44 | ▼ 63.0% |
| Other tangible fixed assets26 | €332 | €226 | €120 | €44 | ▼ 63.0% |
| Current assets29/58 | €138,070 | €129,676 | €151,417 | €193,786 | ▲ 28.0% |
| Amounts receivable after more than one year29 | €125,826 | €125,826 | €125,826 | €155,826 | ▲ 23.8% |
| Other amounts receivable291 | €125,826 | €125,826 | €125,826 | €155,826 | ▲ 23.8% |
| Amounts receivable within one year40/41 | €10,218 | - | €15,395 | €25,730 | ▲ 67.1% |
| Trade receivables40 | €10,218 | - | - | - | - |
| Other amounts receivable41 | - | - | €15,395 | €25,730 | ▲ 67.1% |
| Cash at bank and in hand54/58 | €101 | - | €4,420 | €3,930 | ▼ 11.1% |
| Deferred charges and accrued income490/1 | €1,925 | €3,850 | €5,775 | €8,300 | ▲ 43.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €138,403 | €129,902 | €151,536 | €193,830 | ▲ 27.9% |
| Equity10/15 | €17,834 | €18,518 | €18,630 | €18,849 | ▲ 1.2% |
| Contributions10/11 | €7,136 | €7,136 | €7,136 | €7,136 | = |
| Capital10 | €7,136 | - | - | - | - |
| Issued capital100 | €18,750 | - | - | - | - |
| Uncalled capital101 | €11,614 | - | - | - | - |
| Reserves13 | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Non-distributable reserves130/1 | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Legal reserve130 | €1,875 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,875 | €1,875 | €1,875 | = |
| Profit (loss) carried forward14 | €8,823 | €9,507 | €9,619 | €9,838 | ▲ 2.3% |
| Amounts payable17/49 | €120,568 | €111,384 | €132,907 | €174,981 | ▲ 31.7% |
| Amounts payable within one year42/48 | €119,634 | €109,515 | €119,826 | €152,557 | ▲ 27.3% |
| Financial debts43 | €1,441 | €685 | €852 | €2,451 | ▲ 187% |
| Credit institutions430/8 | €1,441 | €685 | €852 | €2,451 | ▲ 187% |
| Trade debts44 | €60,519 | €35,477 | €44,991 | €43,118 | ▼ 4.2% |
| Suppliers440/4 | €60,519 | €35,477 | €44,991 | €43,118 | ▼ 4.2% |
| Taxes, remuneration and social security45 | €8,825 | €21,858 | €37,982 | €56,488 | ▲ 48.7% |
| Taxes450/3 | €8,825 | €21,858 | €37,982 | €56,488 | ▲ 48.7% |
| Other amounts payable47/48 | €48,850 | €51,495 | €36,000 | €50,500 | ▲ 40.3% |
| Accrued charges and deferred income492/3 | €934 | €1,869 | €13,081 | €22,424 | ▲ 71.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,261 | €684 | €36,111 | €14,720 | ▼ 59.2% |
| + Depreciation and write-downs630 | €106 | €106 | €106 | €75 | ▼ 29.1% |
| Operating cash flow (approximation) | €37,367 | €790 | €36,218 | €14,795 | ▼ 59.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | - | - | -€490 | - |
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
2024
01-03
KBO administration
UBO non-compliance
event 22-02-2024
2023
30-05
KBO administration
Strikeout withdrawn
event 17-05-2023
24-05
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise francophone de Bruxelles · event 04-05-2023
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 290 days late
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 655 days late
11-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 953 days late
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1258 days late
2019
31-12
Financial
Weakest financial yearnet €684 ▼98.2%
Net result drops to €684, the lowest in the series.
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 312 days late
2018
17-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 170 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 397 days late
2014
19-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 141 days late
2013
04-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 126 days late
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, Elsene
Ground area
1,266 m²
Building footprint
336 m²
Volume, LiDAR
6,187 m³
Parcel 21443C0190/00Y013, Brussels · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0190/00Y013 | Brussels | 1,266 m² | 1 · 336 m² | 20.8 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.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 4,309 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 (pre-2019)
Founded01-01-1988
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
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.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.