FinExel
ActiveSummary
FinExel has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1,000 and a net result of €75,133. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency26▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six 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
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
1%
Return on assets
75.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 37969 sector peers (2024).
NBB · sector comparisonPosition among 37969 sector peers
Solvency
better than 10%
← weakest
strongest →
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 22-07-2025, 9 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
20 d early
2022
11 d early
2021
12 d late
2020
17 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 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
€1,000=
2023 · €1,000
Total assets
€99,688▼ 56.5%
2023 · €229,369
Net result
€75,133▼ 0.4%
2023 · €75,471
Working capital
-€3,363▲ 24.8%
2023 · -€4,475
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
Line20202021202220232024
Operating result€89,266€85,195▼ 4.6%€81,966▼ 3.8%€97,565▲ 19.0%€101,182▲ 3.7%
Net result€70,436above the sector's middle half€66,977above the sector's middle half▼ 4.9%€64,691above the sector's middle half▼ 3.4%€75,471above the sector's middle half▲ 16.7%€75,133above the sector's middle half▼ 0.4%
Equity€68,001within the sector's middle half€134,178within the sector's middle half▲ 97.3%€1,000below the sector's middle half▼ 99.3%€1,000below the sector's middle half=€1,000below the sector's middle half=
Total assets€96,191within the sector's middle half▲ 7,585%€179,156within the sector's middle half▲ 86.3%€228,378within the sector's middle half▲ 27.5%€229,369within the sector's middle half▲ 0.4%€99,688within the sector's middle half▼ 56.5%
Debt€28,190▲ 876%€44,978▲ 59.6%€227,378▲ 406%€228,369▲ 0.4%€98,688▼ 56.8%
Working capital€67,001within the sector's middle half€133,178within the sector's middle half▲ 98.8%€0below the sector's middle half▼ 100%-€4,475below the sector's middle half-€3,363below the sector's middle half▲ 24.8%
Solvency70.7%within the sector's middle half74.9%within the sector's middle half▲ 4.2pp0.4%below the sector's middle half▼ 74.5pp0.4%below the sector's middle half=1.0%below the sector's middle half▲ 0.6pp
Current ratio3.38within the sector's middle half3.96within the sector's middle half▲ 0.581.00below the sector's middle half▼ 2.960.98below the sector's middle half▼ 0.020.97below the sector's middle half▼ 0.01
Return on assets (ROA)73.2%above the sector's middle half37.4%above the sector's middle half▼ 35.8pp28.3%above the sector's middle half▼ 9.1pp32.9%above the sector's middle half▲ 4.6pp75.4%above the sector's middle half▲ 42.5pp
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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 4% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €99,688
Fixed assets
€4,363 ▼ 29.1%
Current assets
€95,324 ▼ 57.3%
Equity and liabilities €99,688
Equity
€1,000 =
Debt
€98,688 ▼ 56.8%
Debt's share of the balance-sheet total falls from 99.6% to 99.0%. Debt is lower.
Key figures and ratios
EBITDA
€102,969▲
2023 · €97,776
Cash flow
€76,920▲
2023 · €75,682
Debt to equity
98.69
Interest coverage
837.14▲
2023 · 534.03
Debt ≤ 1 year
€98,688▼
2023 · €227,694
Income taxes
€26,518▼
2023 · €26,735
A ratio outside any meaningful range has been withheld (balance sheet total €99,688, equity €1,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
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 0.5% 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 2,153 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €210 | €1,787 | ▲ 749% |
| Other operating charges640/8 | - | €292 | €397 | €349 | €438 | ▲ 25.2% |
| Gross operating margin9900 | €89,583 | €85,487 | €82,364 | €98,125 | €103,406 | ▲ 5.4% |
| Operating profit (loss)9901 | €89,266 | €85,195 | €81,966 | €97,565 | €101,182 | ▲ 3.7% |
| Financial income75/76B | - | €61 | €437 | €4,824 | €592 | ▼ 87.7% |
| Recurring financial income75 | - | €61 | €437 | €4,824 | €592 | ▼ 87.7% |
| Financial charges65/66B | - | €314 | €245 | €183 | €123 | ▼ 32.8% |
| Recurring financial charges65 | €174 | €314 | €245 | €183 | €123 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €89,092 | €84,942 | €82,159 | €102,206 | €101,651 | ▼ 0.5% |
| Income taxes67/77 | €18,656 | €17,965 | €17,468 | €26,735 | €26,518 | ▼ 0.8% |
| Profit (loss) for the period9904 | €70,436 | €66,977 | €64,691 | €75,471 | €75,133 | ▼ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €70,436 | €66,977 | €64,691 | €75,471 | €75,133 | ▼ 0.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96,191 | €179,156 | €228,378 | €229,369 | €99,688 | ▼ 56.5% |
| Fixed assets21/28 | €1,000 | €1,000 | €1,000 | €6,150 | €4,363 | ▼ 29.1% |
| Tangible fixed assets22/27 | - | - | - | €5,150 | €3,363 | ▼ 34.7% |
| Furniture and vehicles24 | - | - | - | €5,150 | €3,363 | ▼ 34.7% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €95,191 | €178,156 | €227,378 | €223,219 | €95,324 | ▼ 57.3% |
| Amounts receivable after more than one year29 | - | €1,873 | €174,048 | €174,485 | - | - |
| Other amounts receivable291 | - | €1,873 | €174,048 | €174,485 | - | - |
| Amounts receivable within one year40/41 | €12,342 | €9,438 | €8,712 | €8,652 | €10,225 | ▲ 18.2% |
| Trade receivables40 | - | €9,438 | €8,712 | €8,652 | €10,225 | ▲ 18.2% |
| Cash at bank and in hand54/58 | €82,752 | €166,358 | €44,082 | €34,967 | €84,671 | ▲ 142% |
| Deferred charges and accrued income490/1 | - | €487 | €536 | €5,116 | €429 | ▼ 91.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96,191 | €179,156 | €228,378 | €229,369 | €99,688 | ▼ 56.5% |
| Equity10/15 | €68,001 | €134,178 | €1,000 | €1,000 | €1,000 | = |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €67,001 | €133,178 | - | - | - | - |
| Amounts payable17/49 | €28,190 | €44,978 | €227,378 | €228,369 | €98,688 | ▼ 56.8% |
| Amounts payable within one year42/48 | €28,190 | €44,978 | €227,378 | €227,694 | €98,688 | ▼ 56.7% |
| Trade debts44 | €211 | €229 | €784 | €264 | €306 | ▲ 15.7% |
| Suppliers440/4 | - | €229 | €784 | €264 | €306 | ▲ 15.7% |
| Taxes, remuneration and social security45 | - | €43,949 | €28,725 | €15,353 | €21,976 | ▲ 43.1% |
| Taxes450/3 | - | €43,949 | €28,725 | €15,353 | €21,976 | ▲ 43.1% |
| Other amounts payable47/48 | - | €800 | €197,869 | €212,077 | €76,406 | ▼ 64.0% |
| Accrued charges and deferred income492/3 | - | - | - | €675 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,436 | €66,977 | €64,691 | €75,471 | €75,133 | ▼ 0.4% |
| + Depreciation and write-downs630 | - | - | - | €210 | €1,787 | ▲ 749% |
| Operating cash flow (approximation) | €70,436 | €66,977 | €64,691 | €75,682 | €76,920 | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€5,361 | €0 | ▲ 100% |
| Change in cash | - | €83,606 | -€122,276 | -€9,115 | €49,703 | ▲ 645% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €75,471 ▲16.7%
Net result €75,471, the highest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Equity above €100,000Eq €134,178 ▲97.3%
2 profitable years in a row build equity to €134,178.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Back to profitnet €70,436
Net result €70,436 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 3.38
Current ratio from 0.55 to 3.38.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Tinlot · 1 establishment unit since 2019
Ground area
1,823 m²
Building footprint
298 m²
Volume, LiDAR
1,574 m³
2 parcels, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FinExel
since 20192.298.216.743
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61055A0221/00E000 | Wallonia | 1,376 m² | 1 · 132 m² | 6.7 m · 2 fl. |
| 61003A0402/00R000 | Wallonia | 448 m² | 1 · 165 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 4,950 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
Founded20-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
bonjeanvanessa@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0739879178
Registered
20-11-2020
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.