Equity
€61,235 =
FINFISCO has made a profit without a break since 2016.
FINFISCO
Lifetime
14 annual accounts with figures on one time axispeak €1.0m (2025)
€1.0m▲ 4.4%
lowest -€32,687 (2015)
€182,122▲ 11.0%
peak €65,150 (2014)
€61,235unchanged
€646,229▲ 5.5%
peak 11.3 FTE (2022)
-not published
Board4 names since 2020
4 directorsAccountantskantoor T Raymakers bv and 3 others
Owners4 names in the annual accounts
25%Geert Degens and 3 others
Documentsfilings and deeds
29-08-202629 days late
2025financial year
A quiet year: no large shift against the year before.
Key points
from the 2025 annual accountsDebts
€646,229 90% of the balance sheet
Financial debts 30%Suppliers 11%Taxes and wages 20%Other 39%
Of this, €561,626 falls due within a year.
Investments
€89,325 2.7 × depreciation
Green is investment, beige is depreciation. Machinery stands 95.7% higher than in 2024.
Filings
14 annual accounts since 2012
Ten of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
Board
4 joined
New directors. Latest change 02-09-2026 · 4 in office.
Position in the sector
8.5%
Lower solvency than 86% of companies in head offices and management consultancy. Sector median 53.3% · 3,873 companies.
Checked score
92
Excellent
Financially stronger than 38% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.3%▼ -0.4 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.4 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Equity €61,235 (8.5% of total assets)
lowers risk
Size: total assets €720,408
Figures for financial year 2025 (filed on 29-08-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 16% of them on solvency, 9% on liquidity, 84% on profitability and 41% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 536 companies had the same profile as FINFISCO has now. Each dot stands for 2 companies, two years later.
95.9%
were still trading
3.4%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of FINFISCO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 536 companies, not a prediction for FINFISCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.79 (0.81 in 2024), below 1. Short-term debt is 78% and cash 11.5% of total assets. 91.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 3873 sector peers (2025).
NBB · sector comparisonPosition among 3873 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
29 days late
2024
30 days late
2023
30 days late
2022
28 days late
2021
31 days late
2020
30 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 38 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
NA
NV ALL RIGHT
Managing director
- Geert Degens 25%annual accounts 2025
- Kristof Marc Vandenrijt 25%annual accounts 2025
- Mario Nardiello 25%annual accounts 2025
Shares in 1 company, Finfisco Bizz
Board & ownershipRecent changes
4 directors reappointed
BV Accountantskantoor T. Raymakers, NV ALL RIGHT, BV BM Consulting and BV DBZ Consulting · General meeting of 02-09-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0838018929
Registered office moved within Zonhoven
New registered office: Heuvenstraat 56 bus 1 te 3520 Zonhoven · Previous registered office: Industrieweg 2075 bus 1, 3520 Zonhoven, België · Board meeting of 27-09-2017 · Gazette deed
First establishment
Heuvenstraat 56, Zonhoven
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FINFISCO Zonhoven | €720,408 | €1.0m | 8.5% | - |
| TRANSOPLAST Hasselt | €869,698 | €1.2m | 66.9% | 2.6 |
| DENARIUS Ixelles | €692,613 | €1.0m | 95.0% | 0.6 |
| EU STRATEGY Ixelles | €710,871 | €1.2m | 5.4% | 10.5 |
| One50 Ghent | €812,299 | €0.9m | 3.6% | 11.3 |
| SGI Compliance Aartselaar | €739,938 | €1.0m | 24.9% | 12.4 |
| GC PARTNER CONSULTING Marche-en-Famenne | €798,677 | €1.2m | 18.5% | 13.6 |
These companies have the same main activity as FINFISCO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €693,000 and €870,000, founded between 2009 and 2014.
Official details
Source: KBO- Status
- Active since 14-07-2011Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Joint committee
- 336Liberal professions · annual accounts 2021
- Establishment unit
- 2.200.725.0133520 Zonhoven, since 20-07-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- ≈ €2.0mestimated
- €720,408▲ 4.5%
- Employeeson 31-12-2025
- 13▲ 8.3%
- Filing
- Filed on 29-08-2026
Insights on FINFISCO
FINFISCO has existed since 2011. The present size dates from 2018. The gross margin rose that year from €179,147 to €365,201 and staff from 3.2 to 6.2 full-time equivalents.
The gross margin has grown every year since.
In October 2026, the Official Gazette published the appointment of Accountantskantoor T Raymakers bv as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FINFISCO
- What is the company number of FINFISCO?
- The company number of FINFISCO is 0838.018.929. The VAT number is the same number with BE in front: BE 0838.018.929.
- Where is FINFISCO based?
- The registered office is at Heuvenstraat 56, 3520 Zonhoven.Company details
- What does FINFISCO do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of FINFISCO?
- FINFISCO is a public limited company (NV).
- When was FINFISCO founded?
- FINFISCO was founded on 14-07-2011.
- Is FINFISCO still active?
- Yes, FINFISCO is an active enterprise in the KBO register.
- How many employees does FINFISCO have?
- FINFISCO had an average of 11.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FINFISCO fall under?
- In its 2021 annual accounts, FINFISCO states joint committee 336 (Liberal professions).
- What is the turnover of FINFISCO?
- The turnover in financial year 2025 is ≈ €2.0m. This figure is estimated from the gross margin of €1.0m and 36 comparable companies (NACE 70200). It probably lies between €1.4m and €2.5m.
- Is FINFISCO profitable?
- In financial year 2025, FINFISCO made a profit of €182,122.
- Where can I find the annual accounts of FINFISCO?
- FINFISCO filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FINFISCO due?
- FINFISCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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