FINFISCO
ActiveSummary
FINFISCO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €182k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 14% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+1
Solvency34=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.81 in 2024; short-term debt: 78% and cash: 11.5% of total assets), and 91.5% of the assets are financed with debt.
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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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.5%
Return on assets
25.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 3200 sector peers (2025).
NBB · sector comparisonPosition among 3200 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
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. 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
30 d late
2023
30 d late
2022
28 d late
2021
31 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€182k▲ 11.0%
2024 · €164k
Working capital
€-119k▼ 33.3%
2024 · €-89k
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
Line20212022202320242025
Operating result€111k▲ 24.0%€140k▲ 25.7%€75k▼ 46.3%€191k▲ 154%€205k▲ 7.5%
Net result€89k▲ 14.3%€124k▲ 38.5%€63k▼ 48.8%€164k▲ 159%€182k▲ 11.0%
Equity€59k▼ 1.2%€62k▲ 3.9%€61k▼ 0.3%€61k▼ 0.3%€61k=
Total assets€553k▼ 1.8%€619k▲ 11.8%€719k▲ 16.2%€689k▼ 4.1%€720k▲ 4.5%
Debt€472k▼ 1.5%€537k▲ 13.8%€640k▲ 19.1%€613k▼ 4.3%€646k▲ 5.5%
Working capital€-47k▼ 26.1%€-88k▼ 88.4%€-135k▼ 52.2%€-89k▲ 33.6%€-119k▼ 33.3%
Staff (FTE)11▲ 22.2%11.3▲ 2.7%11.3=11.3=11.6▲ 2.7%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €720k
Fixed assets
€278k ▼ 9.2%
Current assets
€443k ▲ 15.5%
Equity and liabilities €720k
Equity
€61k =
Provisions
€13k ▼ 14.4%
Debt
€646k ▲ 5.5%
Debt's share of the balance-sheet total rises from 88.9% to 89.7%. Debt is higher.
Key figures and ratios
EBITDA
€238k▼
2024 · €239k
Cash flow
€216k▲
2024 · €212k
Current ratio
0.79▼
2024 · 0.81
Debt to equity
10.55▲
2024 · 10.01
ROE
297.4%▲
2024 · 268.1%
ROA
25.3%▲
2024 · 23.8%
Interest coverage
18.18▼
2024 · 24.52
Debt ≤ 1 year
€562k▲
2024 · €473k
Debt > 1 year
€81k▼
2024 · €134k
Income taxes
€21k▲
2024 · €20k
Staff costs
€798k▲
2024 · €747k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €534k | €632k | €705k | €747k | €798k | ▲ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €30k | €40k | €48k | €33k | ▼ 30.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3k | €4k | €9k | €13k | €7k | ▼ 43.9% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▼ 4.1% |
| Gross operating margin9900 | €680k | €808k | €831k | €1.00M | €1.05M | ▲ 4.4% |
| Operating profit (loss)9901 | €111k | €140k | €75k | €191k | €205k | ▲ 7.5% |
| Financial income75/76B | €3k | €2k | €9k | €1k | €21k | ▲ 1,680% |
| Recurring financial income75 | €3k | €2k | €2k | €1k | €786 | ▼ 33.8% |
| Non-recurring financial income76B | - | - | €7k | - | €20k | - |
| Financial charges65/66B | €16k | €7k | €10k | €10k | €25k | ▲ 159% |
| Recurring financial charges65 | €6k | €6k | €8k | €10k | €13k | ▲ 34.6% |
| Non-recurring financial charges66B | €10k | €960 | €2k | - | €12k | - |
| Profit (loss) for the period before taxes9903 | €97k | €134k | €75k | €182k | €201k | ▲ 10.3% |
| Transfer from deferred taxes780 | €2k | €2k | €2k | €2k | €2k | = |
| Income taxes67/77 | €10k | €13k | €13k | €20k | €21k | ▲ 4.1% |
| Profit (loss) for the period9904 | €89k | €124k | €63k | €164k | €182k | ▲ 11.0% |
| Transfer from tax-exempt reserves789 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) for the period to be appropriated9905 | €94k | €128k | €68k | €169k | €187k | ▲ 10.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €553k | €619k | €719k | €689k | €720k | ▲ 4.5% |
| Fixed assets21/28 | €247k | €266k | €323k | €306k | €278k | ▼ 9.2% |
| Intangible fixed assets21 | €21k | €14k | €7k | €1 | €1 | = |
| Tangible fixed assets22/27 | €221k | €248k | €311k | €301k | €273k | ▼ 9.3% |
| Plant, machinery and equipment23 | €6k | €8k | €37k | €33k | €65k | ▲ 95.7% |
| Furniture and vehicles24 | €16k | €16k | €66k | €74k | €18k | ▼ 75.5% |
| Other tangible fixed assets26 | €199k | €225k | €208k | €193k | €190k | ▼ 1.8% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €306k | €352k | €396k | €383k | €443k | ▲ 15.5% |
| Amounts receivable within one year40/41 | €220k | €280k | €290k | €261k | €356k | ▲ 36.4% |
| Trade receivables40 | €220k | €220k | €268k | €229k | €298k | ▲ 29.9% |
| Other amounts receivable41 | - | €60k | €21k | €32k | €58k | ▲ 82.4% |
| Cash at bank and in hand54/58 | €77k | €63k | €98k | €110k | €83k | ▼ 24.8% |
| Deferred charges and accrued income490/1 | €9k | €9k | €8k | €12k | €3k | ▼ 72.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €553k | €619k | €719k | €689k | €720k | ▲ 4.5% |
| Equity10/15 | €59k | €62k | €61k | €61k | €61k | = |
| Contributions10/11 | €77k | €77k | €77k | €77k | €77k | = |
| Capital10 | €72k | €72k | €72k | €72k | €72k | = |
| Issued capital100 | €72k | €72k | €72k | €72k | €72k | = |
| Outside capital11 | €5k | €5k | €5k | €5k | €5k | = |
| Share premium1100/10 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €56k | €58k | €58k | €58k | €58k | = |
| Non-distributable reserves130/1 | €6k | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | €6k | €7k | €7k | €7k | €7k | = |
| Tax-exempt reserves132 | €44k | €40k | €35k | €31k | €26k | ▼ 14.4% |
| Distributable reserves133 | €6k | €11k | €15k | €20k | €24k | ▲ 22.5% |
| Profit (loss) carried forward14 | €-74k | €-74k | €-74k | €-74k | €-74k | = |
| Provisions and deferred taxes16 | €22k | €19k | €17k | €15k | €13k | ▼ 14.4% |
| Deferred taxes168 | €22k | €19k | €17k | €15k | €13k | ▼ 14.4% |
| Amounts payable17/49 | €472k | €537k | €640k | €613k | €646k | ▲ 5.5% |
| Amounts payable after more than one year17 | €117k | €90k | €87k | €134k | €81k | ▼ 40.0% |
| Financial debts170/4 | €117k | €90k | €87k | €134k | €81k | ▼ 40.0% |
| Amounts payable within one year42/48 | €353k | €441k | €531k | €473k | €562k | ▲ 18.8% |
| Current portion of amounts payable after more than one year42 | €26k | €27k | €30k | €68k | €63k | ▼ 6.3% |
| Financial debts43 | €79k | €83k | €97k | €105k | €116k | ▲ 11.0% |
| Credit institutions430/8 | €79k | €83k | €97k | €105k | €116k | ▲ 11.0% |
| Trade debts44 | €73k | €79k | €202k | €24k | €71k | ▲ 190% |
| Suppliers440/4 | €73k | €79k | €202k | €24k | €71k | ▲ 190% |
| Taxes, remuneration and social security45 | €85k | €131k | €137k | €112k | €129k | ▲ 15.6% |
| Taxes450/3 | €20k | €50k | €68k | €16k | €44k | ▲ 170% |
| Remuneration and social security454/9 | €66k | €80k | €69k | €95k | €85k | ▼ 10.8% |
| Other amounts payable47/48 | €90k | €122k | €64k | €164k | €182k | ▲ 10.8% |
| Accrued charges and deferred income492/3 | €2k | €7k | €22k | €6k | €4k | ▼ 32.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €89k | €124k | €63k | €164k | €182k | ▲ 11.0% |
| + Depreciation and write-downs630 | €31k | €30k | €40k | €48k | €33k | ▼ 30.6% |
| Operating cash flow (approximation) | €120k | €154k | €103k | €212k | €216k | ▲ 1.5% |
| Investment in fixed assets (approximation) | - | €-50k | €-96k | €-31k | €-5k | ▲ 82.6% |
| Change in cash | - | €-14k | €35k | €12k | €-27k | ▼ 322% |
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
Next filing, fiscal year 2026, expected by
2026
25-09
State Gazette act
Incorporation · Founder
Founding capital · Bank account
23-09
State Gazette act
Registered-office move · Power of attorney
22-09
State Gazette act
Incorporation · Duration
Partner · Capital
21-09
State Gazette act
Board meeting · Registered-office move
Power of attorney
21-09
State Gazette act
Board meeting · Registered-office move
Power of attorney
21-09
State Gazette act
Board meeting · Registered-office move
Power of attorney
17-09
State Gazette act
General meeting · Registered-office move
Power of attorney · Other statement
17-09
State Gazette act
Incorporation · Founder
Founding capital · Fiscal year
11-09
State Gazette act
Incorporation · Name clause
Registered office clause · Duration
08-09
State Gazette act
Incorporation · Legal form clause
Name clause · Registered office clause
08-09
State Gazette act
Legal form clause · Registered office clause
Duration · Partner
01-09
State Gazette act
Legal form clause · Name clause
Registered office clause · Duration
Show earlier events
31-08
State Gazette act
General meeting · Registered-office move
Power of attorney
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
26-08
State Gazette act
Board meeting · Registered-office move
Power of attorney
14-08
State Gazette act
General meeting · Registered-office move
Power of attorney
14-08
State Gazette act
General meeting · Director resignation
Registered-office move · Share transfer
10-08
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
10-08
State Gazette act
General meeting · Dissolution
Liquidation closure · Net-asset statement
07-08
State Gazette act
General meeting · Registered-office move
07-08
State Gazette act
General meeting · Board meeting
Director resignation · Power of attorney
07-08
State Gazette act
General meeting · Registered-office move
Power of attorney
09-07
State Gazette act
Incorporation · Founder
Founding capital · Director appointment
09-07
State Gazette act
Incorporation · Founder
Founding capital · Director appointment
06-07
State Gazette act
Incorporation · Founder
Founding capital · Director appointment
25-03
State Gazette act
General meeting · Registered-office move
Power of attorney
20-03
State Gazette act
Incorporation · Founder
Founding capital · Bank account
09-02
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
09-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
2025
31-12
Financial
Highest result since 2018net €182k ▲11%
Operating result €205k, net result €182k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Zonhoven · 1 establishment unit since 2011
Ground area
2,781 m²
Building footprint
334 m²
Volume, LiDAR
2,510 m³
Parcel 71443F0049/00K000, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
FINFISCO
since 20112.200.725.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443F0049/00K000 | Flanders | 2,781 m² | 1 · 334 m² | 11.7 m · 3 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 2025 · 5 entries · 7,710 EUR awarded · 7,710 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,854 EUR | 4,854 EUR |
| 2024 | 2 | 2,661 EUR | 2,661 EUR |
| 2022 | 1 | 195 EUR | 195 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 39,092 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.