FinExec
ActiveSummary
FinExec has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €136,587 and a net result of €65,060. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▼-8
Solvency58▼-12
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 2.32 in 2023; short-term debt: 52.7% and cash: 61.6% of total assets), and 66.6% of the assets are financed with debt.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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
57 d late
2023
38 d late
2022
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 52 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€136,587▼ 20.4%
2023 · €171,526
Total assets
€408,433▲ 7.7%
2023 · €379,370
Net result
€65,060▼ 24.5%
2023 · €86,160
Working capital
€89,703▼ 55.3%
2023 · €200,884
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line202220232024
Operating result€105,518-€111,213▲ 5.4%€79,496▼ 28.5%
Net result€83,867above the sector's middle half-€86,160above the sector's middle half▲ 2.7%€65,060within the sector's middle half▼ 24.5%
Equity€85,367within the sector's middle half-€171,526within the sector's middle half▲ 101%€136,587within the sector's middle half▼ 20.4%
Total assets€257,078within the sector's middle half-€379,370within the sector's middle half▲ 47.6%€408,433within the sector's middle half▲ 7.7%
Debt€148,636-€151,894▲ 2.2%€215,897▲ 42.1%
Working capital€108,442within the sector's middle half-€200,884above the sector's middle half▲ 85.2%€89,703within the sector's middle half▼ 55.3%
Solvency33.2%within the sector's middle half-45.2%within the sector's middle half▲ 12.0pp33.4%within the sector's middle half▼ 11.8pp
Current ratio1.73within the sector's middle half-2.32within the sector's middle half▲ 0.591.42within the sector's middle half▼ 0.91
Return on assets (ROA)32.6%above the sector's middle half-22.7%within the sector's middle half▼ 9.9pp15.9%within the sector's middle half▼ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 29% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €408,433
Fixed assets
€103,362 ▲ 289%
Current assets
€305,072 ▼ 13.5%
Equity and liabilities €408,433
Equity
€136,587 ▼ 20.4%
Provisions
€55,950 =
Debt
€215,897 ▲ 42.1%
Debt's share of the balance-sheet total rises from 40.0% to 52.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€111,086▼
2023 · €114,785
Cash flow
€96,651▲
2023 · €89,732
Debt to equity
1.58▲
2023 · 0.89
ROE
47.6%▼
2023 · 50.2%
Interest coverage
153.01▼
2023 · 157.71
Debt ≤ 1 year
€215,369▲
2023 · €151,894
Income taxes
€13,432▼
2023 · €24,342
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,573 | €31,591 | ▲ 784% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €23,075 | €32,875 | €0 | ▼ 100% |
| Other operating charges640/8 | €712 | €2,333 | €9,685 | ▲ 315% |
| Gross operating margin9900 | €129,305 | €149,994 | €120,771 | ▼ 19.5% |
| Operating profit (loss)9901 | €105,518 | €111,213 | €79,496 | ▼ 28.5% |
| Financial income75/76B | - | €17 | €0 | ▼ 99.4% |
| Recurring financial income75 | - | €17 | €0 | ▼ 99.4% |
| Financial charges65/66B | €363 | €728 | €1,004 | ▲ 37.9% |
| Recurring financial charges65 | €363 | €728 | €726 | ▼ 0.3% |
| Non-recurring financial charges66B | - | - | €278 | - |
| Profit (loss) for the period before taxes9903 | €105,155 | €110,501 | €78,492 | ▼ 29.0% |
| Income taxes67/77 | €21,289 | €24,342 | €13,432 | ▼ 44.8% |
| Profit (loss) for the period9904 | €83,867 | €86,160 | €65,060 | ▼ 24.5% |
| Profit (loss) for the period to be appropriated9905 | €83,867 | €86,160 | €65,060 | ▼ 24.5% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €257,078 | €379,370 | €408,433 | ▲ 7.7% |
| Fixed assets21/28 | - | €26,593 | €103,362 | ▲ 289% |
| Tangible fixed assets22/27 | - | €26,593 | €103,362 | ▲ 289% |
| Furniture and vehicles24 | - | €26,593 | €30,138 | ▲ 13.3% |
| Leasing and similar rights25 | - | - | €73,224 | - |
| Current assets29/58 | €257,078 | €352,777 | €305,072 | ▼ 13.5% |
| Amounts receivable within one year40/41 | €187,156 | €199,635 | €53,158 | ▼ 73.4% |
| Trade receivables40 | €187,156 | €167,889 | €34,158 | ▼ 79.7% |
| Other amounts receivable41 | - | €31,747 | €19,000 | ▼ 40.2% |
| Cash at bank and in hand54/58 | €69,923 | €153,142 | €251,407 | ▲ 64.2% |
| Deferred charges and accrued income490/1 | - | - | €507 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €257,078 | €379,370 | €408,433 | ▲ 7.7% |
| Equity10/15 | €85,367 | €171,526 | €136,587 | ▼ 20.4% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €83,867 | €170,026 | €135,087 | ▼ 20.5% |
| Provisions and deferred taxes16 | €23,075 | €55,950 | €55,950 | = |
| Provisions for liabilities and charges160/5 | €23,075 | €55,950 | €55,950 | = |
| Other liabilities and charges164/5 | €23,075 | €55,950 | €55,950 | = |
| Amounts payable17/49 | €148,636 | €151,894 | €215,897 | ▲ 42.1% |
| Amounts payable within one year42/48 | €148,636 | €151,894 | €215,369 | ▲ 41.8% |
| Trade debts44 | €47,782 | €90,033 | €48,377 | ▼ 46.3% |
| Suppliers440/4 | €47,782 | €90,033 | €48,377 | ▼ 46.3% |
| Taxes, remuneration and social security45 | €98,476 | €61,860 | €66,992 | ▲ 8.3% |
| Taxes450/3 | €68,257 | €61,860 | €66,992 | ▲ 8.3% |
| Remuneration and social security454/9 | €30,219 | - | - | - |
| Other amounts payable47/48 | €2,379 | - | €100,000 | - |
| Accrued charges and deferred income492/3 | - | - | €528 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,867 | €86,160 | €65,060 | ▼ 24.5% |
| + Depreciation and write-downs630 | - | €3,573 | €31,591 | ▲ 784% |
| Operating cash flow (approximation) | €83,867 | €89,732 | €96,651 | ▲ 7.7% |
| Investment in fixed assets (approximation) | - | - | -€108,360 | - |
| Change in cash | - | €83,219 | €98,265 | ▲ 18.1% |
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
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet €65,060 ▼24.5%
Net result drops to €65,060, the lowest in the series.
07-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 38 days late
2023
31-12
Financial
Highest result since 2022net €86,160 ▲2.7%
Operating result €111,213, net result €86,160, both a record.
31-12
Financial
Equity above €150,000Eq €171,526 ▲101%
2 profitable years in a row build equity to €171,526.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
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, Brussel · 1 establishment unit since 2021
Ground area
132 m²
Building footprint
119 m²
Volume, LiDAR
1,800 m³
Parcel 21809K0551/00N000, Brussels · tallest building 20.7 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FINEXEC
since 20212.330.947.612
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0551/00N000 | Brussels | 132 m² | 1 · 119 m² | 20.7 m · 5 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.
Similar companies · same sector, comparable size
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SANOPOLIS
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ALPHA MICROSYSTEMS BELGIUM
BE 0421.946.040
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AGMEC DYNAMICS
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,893 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
Founded26-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
78200Temporary employment agencies and other provision of personnel
Contact
E-mail
info@finexec.beBrussel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0768730641
Also
9925:BE0768730641
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.