FINHOL

Active

Public limited companyfounded 200818 yrs activeJan Burgersstraat 23, 7850 Enghien, BelgiumKBO/BCE: BE 0898.528.618

FINHOL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-688k) and a net result of €-200k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 4602 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Watch Print / PDF

Checked score

Score 2024

31 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-34

Solvency0=

Growth52=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.15 against 0.27 in 2023; short-term debt: 649.1% and cash: 8% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Sector 70

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

-612.6%

Return on assets

-178.4%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-688k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 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 filings

Deviation from the deadline

2025

not confirmed

2024

84 d late

2023

131 d late

2022

9 d late

2021

74 d late

2020

129 d late

2019

53 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-200k▲ 84.4%

2023 · €-1.29M

2018: €-12k 2019: €-54k 2020: €63k 2021: €55k 2022: €150k 2023: €-1.29M

2018 → 2024

Working capital

€-620k▼ 41.3%

2023 · €-439k

2018: €-782k 2019: €-826k 2020: €-756k 2021: €-693k 2022: €-530k 2023: €-439k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€595k-€651k▲ 9.3%€800k▲ 23.0%€-488k€-688k▼ 41.1%

Operating result€93k-€89k▼ 4.7%€173k▲ 95.8%€96k▼ 44.8%€-146k

Net result€63k-€55k▼ 12.8%€150k▲ 171%€-1.29M€-200k▲ 84.4%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €146k after €96k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €112k

97.5%

Fixed assets €3k▼ 59.1%

Current assets €109k▼ 31.5%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-142k▼

2023 · €100k

Cash flow

€-196k▲

2023 · €-1.28M

Solvency

-612.6%▼

2023 · -292.4%

Current ratio

0.15▼

2023 · 0.27

Quick ratio

0.11▼

2023 · 0.16

Debt / equity

-1.16▲

2023 · -1.34

ROA

-178.4%▲

2023 · -772.2%

Interest coverage

-2.65▼

2023 · 4.10

Debt

€800k▲

2023 · €655k

Debt ≤ 1 year

€729k▲

2023 · €598k

Income taxes

€764▼

2023 · €1k

Staff costs

€151k▼

2023 · €218k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€167k€112k▼

Fixed assets21/28€7k€3k▼

Tangible fixed assets22/27€4k€77▼

Plant, machinery and equipment23€151-

Furniture and vehicles24€4k€77▼

Financial fixed assets28€3k€3k=

Current assets29/58€160k€109k▼

Stocks and contracts in progress3€64k€31k▼

Stocks30/36€64k€31k▼

Amounts receivable within one year40/41€70k€62k▼

Trade receivables40€70k€62k▼

Cash at bank and in hand54/58€18k€9k▼

Deferred charges and accrued income490/1€8k€7k▼

Equity and liabilities

Total equity and liabilities10/49€167k€112k▼

Equity10/15€-488k€-688k▼

Contributions10/11€2.37M€2.37M=

Capital10€2.37M€2.37M=

Issued capital100€2.37M€2.37M=

Reserves13€21k€21k=

Non-distributable reserves130/1€21k€21k=

Legal reserve130€21k€21k=

Profit (loss) carried forward14€-2.88M€-3.08M▼

Amounts payable17/49€655k€800k▲

Amounts payable within one year42/48€598k€729k▲

Financial debts43€358k€393k▲

Other loans439€358k€393k▲

Trade debts44€105k€128k▲

Suppliers440/4€105k€128k▲

Taxes, remuneration and social security45€136k€205k▲

Taxes450/3€78k€140k▲

Remuneration and social security454/9€58k€65k▲

Other amounts payable47/48-€2k

Accrued charges and deferred income492/3€56k€71k▲

Income statement Code20232024

Remuneration, social security and pensions62€218k€151k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€47k

Other operating charges640/8€8k€6k▼

Gross operating margin9900€325k€63k▼

Operating profit (loss)9901€96k€-146k▼

Financial income75/76B€978-

Recurring financial income75€10-

Non-recurring financial income76B€968-

Financial charges65/66B€1.38M€54k▼

Recurring financial charges65€24k€54k▲

Non-recurring financial charges66B€1.36M-

Profit (loss) for the period before taxes9903€-1.29M€-200k▲

Income taxes67/77€1k€764▼

Profit (loss) for the period9904€-1.29M€-200k▲

Profit (loss) for the period to be appropriated9905€-1.29M€-200k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-2.88M€-3.08M▼

Profit (loss) brought forward from the previous period14P€-1.59M€-2.88M▼

Social balance

Average headcount (FTE)90874.13.8▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

23-10

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 84 days late

2024

09-12

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 131 days late

2023

31-12

Financial Weakest financial yearnet €-1.29M ▼962%

Net result drops to €-1.29M, the lowest in the series; recovery starts the following year.

09-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 9 days late

2022

31-12

Financial Highest result since 2018net €150k ▲171%

Operating result €173k, net result €150k, both a record.

13-10

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 74 days late

2021

07-12

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 129 days late

2020

31-12

Financial Back to profitnet €63k

Net result €63k after 2 loss-making years.

31-12

Financial Equity above €500kEq €595k

Equity rises from €-844k to €595k.

22-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 53 days late

2019

09-10

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 70 days late

2018

17-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 48 days late

2017

26-10

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 87 days late

2016

29-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

10 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, Enghien · 1 establishment unit since 2008

establishment approximate The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Jan Burgersstraat 237850 Enghien

Ground area

2,282 m²

Building footprint

940 m²

Volume, LiDAR

6,498 m³