FINGOVA
ActiveSummary
The computed 12-month bankruptcy probability of FINGOVA is 3.9% (moderate). The 2024 annual accounts show negative equity (-€26,131) and a net result of -€13,322. Equity is shrinking by ~38.4% per year across the filed fiscal years. Its solvency ranks better than 13% of 26043 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-15
Solvency0▼-11
Growth58=
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 2.47 in 2023; short-term debt: 147.3% and cash: 3.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
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
-47.3%
Return on assets
-24.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€26,131
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-02-2026, 210 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
210 d late
2023
436 d late
2022
696 d late
2021
251 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 398 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€26,131▼ 104%
2023 · -€12,809
Total assets
€55,191▼ 41.2%
2023 · €93,811
Net result
-€13,322▼ 363%
2023 · -€2,878
Working capital
-€30,131
2023 · €52,654
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line2021202220232024
Operating result-€13,556--€1,148▲ 91.5%-€2,796▼ 144%-€13,322▼ 376%
Net result-€13,544below the sector's middle half--€1,387within the sector's middle half▲ 89.8%-€2,878within the sector's middle half▼ 107%-€13,322below the sector's middle half▼ 363%
Equity-€8,544below the sector's middle half--€9,932below the sector's middle half▼ 16.2%-€12,809below the sector's middle half▼ 29.0%-€26,131below the sector's middle half▼ 104%
Total assets€91,866within the sector's middle half-€106,631within the sector's middle half▲ 16.1%€93,811within the sector's middle half▼ 12.0%€55,191below the sector's middle half▼ 41.2%
Debt€100,411-€116,563▲ 16.1%€106,620▼ 8.5%€81,322▼ 23.7%
Working capital€57,792within the sector's middle half-€55,773within the sector's middle half▼ 3.5%€52,654within the sector's middle half▼ 5.6%-€30,131below the sector's middle half
Solvency-9.3%below the sector's middle half--9.3%below the sector's middle half=-13.7%below the sector's middle half▼ 4.3pp-47.3%below the sector's middle half▼ 33.7pp
Current ratio2.93above the sector's middle half-2.22within the sector's middle half▼ 0.722.47within the sector's middle half▲ 0.250.63below the sector's middle half▼ 1.84
Return on assets (ROA)-14.7%below the sector's middle half--1.3%within the sector's middle half▲ 13.4pp-3.1%within the sector's middle half▼ 1.8pp-24.1%below the sector's middle half▼ 21.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 stays negative: a loss of €13,322 in 2024 against €2,796 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55,191
Fixed assets
€4,000 ▼ 24.6%
Current assets
€51,191 ▼ 42.2%
Key figures and ratios
EBITDA
-€12,018▼
2023 · -€1,493
Cash flow
-€12,018▼
2023 · -€1,574
Quick ratio
0.29▼
2023 · 0.93
Debt to equity
-3.11▲
2023 · -8.32
Debt ≤ 1 year
€81,322▲
2023 · €35,853
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.9% 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 6,010 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €620 | €995 | €1,304 | €1,304 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €27,629 | - |
| Other operating charges640/8 | €1,146 | - | €40 | €15,997 | ▲ 40,276% |
| Gross operating margin9900 | -€11,790 | -€153 | -€1,453 | €31,607 | ▲ 2,275% |
| Operating profit (loss)9901 | -€13,556 | -€1,148 | -€2,796 | -€13,322 | ▼ 376% |
| Financial income75/76B | €241 | €3 | - | - | - |
| Recurring financial income75 | €241 | €3 | - | - | - |
| Financial charges65/66B | €230 | €242 | €81 | - | - |
| Recurring financial charges65 | €230 | €242 | €81 | - | - |
| Profit (loss) for the period before taxes9903 | -€13,544 | -€1,387 | -€2,878 | -€13,322 | ▼ 363% |
| Profit (loss) for the period9904 | -€13,544 | -€1,387 | -€2,878 | -€13,322 | ▼ 363% |
| Profit (loss) for the period to be appropriated9905 | -€13,544 | -€1,387 | -€2,878 | -€13,322 | ▼ 363% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €91,866 | €106,631 | €93,811 | €55,191 | ▼ 41.2% |
| Fixed assets21/28 | €4,181 | €5,062 | €5,304 | €4,000 | ▼ 24.6% |
| Tangible fixed assets22/27 | €2,331 | €3,212 | €3,454 | €2,150 | ▼ 37.8% |
| Plant, machinery and equipment23 | - | - | €847 | €847 | = |
| Furniture and vehicles24 | €2,331 | €3,212 | €2,607 | €1,303 | ▼ 50.0% |
| Financial fixed assets28 | €1,850 | €1,850 | €1,850 | €1,850 | = |
| Current assets29/58 | €87,686 | €101,569 | €88,507 | €51,191 | ▼ 42.2% |
| Stocks and contracts in progress3 | €64,751 | €59,918 | €55,257 | €27,629 | ▼ 50.0% |
| Stocks30/36 | €64,751 | €59,918 | €55,257 | €27,629 | ▼ 50.0% |
| Amounts receivable within one year40/41 | €15,620 | €28,260 | €24,608 | €21,414 | ▼ 13.0% |
| Trade receivables40 | €14,043 | €25,760 | €23,879 | €20,126 | ▼ 15.7% |
| Other amounts receivable41 | €1,576 | €2,499 | €729 | €1,289 | ▲ 76.8% |
| Cash at bank and in hand54/58 | €7,315 | €13,391 | €8,642 | €2,148 | ▼ 75.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €91,866 | €106,631 | €93,811 | €55,191 | ▼ 41.2% |
| Equity10/15 | -€8,544 | -€9,932 | -€12,809 | -€26,131 | ▼ 104% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | €5,000 | - | - | - | - |
| Issued capital100 | €5,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€13,544 | -€14,932 | -€17,809 | -€31,131 | ▼ 74.8% |
| Amounts payable17/49 | €100,411 | €116,563 | €106,620 | €81,322 | ▼ 23.7% |
| Amounts payable after more than one year17 | €70,517 | €70,767 | €70,767 | - | - |
| Financial debts170/4 | €70,517 | €70,767 | €70,767 | - | - |
| Amounts payable within one year42/48 | €29,894 | €45,796 | €35,853 | €81,322 | ▲ 127% |
| Trade debts44 | €14,604 | €22,350 | €3,700 | €18,024 | ▲ 387% |
| Suppliers440/4 | €14,604 | €22,350 | €3,700 | €18,024 | ▲ 387% |
| Advances received on contracts in progress46 | €15,289 | €15,289 | €15,289 | €15,289 | = |
| Taxes, remuneration and social security45 | - | €8,156 | €13,805 | €45,204 | ▲ 227% |
| Taxes450/3 | - | €8,156 | €13,805 | €45,204 | ▲ 227% |
| Other amounts payable47/48 | - | - | €3,059 | €2,805 | ▼ 8.3% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,544 | -€1,387 | -€2,878 | -€13,322 | ▼ 363% |
| + Depreciation and write-downs630 | €620 | €995 | €1,304 | €1,304 | = |
| Operating cash flow (approximation) | -€12,925 | -€392 | -€1,574 | -€12,018 | ▼ 664% |
| Investment in fixed assets (approximation) | - | -€1,876 | -€1,545 | €0 | ▲ 100% |
| Change in cash | - | €6,076 | -€4,749 | -€6,494 | ▼ 36.8% |
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
2026
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 210 days late
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 436 days late
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 696 days late
2023
08-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 251 days late
NBB filing
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, Ham-sur-Heure-Nalinnes · 1 establishment unit since 2021
Ground area
343 m²
Building footprint
69 m²
Volume, LiDAR
679 m³
Parcel 56034C0125/00K000, Wallonia · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FINGOVA
since 20212.314.071.986
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56034C0125/00K000 | Wallonia | 343 m² | 1 · 69 m² | 11.9 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHam-sur-Heure-Nalinnes2.314.071.986
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,312 companies in sector 47639 we hold annual accounts for 624. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47639Retail sale of other sporting goods
46180Agents specialised in the wholesale of other particular products
47120Other non-specialised retail sale
77210Renting and leasing of sports and recreation goods
85592Vocational training
96993Pet care services, excluding veterinary services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0764433937
Also
9925:BE0764433937
Registered
10-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.