Finico
ActiveThe annual accounts of Finico for fiscal year 2024 show a net loss of 59% of total assets. The 2024 annual accounts show equity of €129k and a net result of €-128k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 9518 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▼-25
Solvency84▼-16
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.52 against 0.8 in 2023; short-term debt: 32% and cash: 64.8% of total assets), and 41.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
58.7%
Return on assets
-58.5%
Age of the figures
21 mo
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 28-07-2025, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
9 d early
2022
39 d early
2021
47 d early
2020
61 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€129k▼ 58.1%
2023 · €307k
2018: €162k
2019: €215k
2020: €266k
2021: €296k
2022: €307k
2023: €307k
2018 → 2024
Total assets
€219k▼ 43.0%
2023 · €384k
2018: €324k
2019: €379k
2020: €368k
2021: €350k
2022: €342k
2023: €384k
2018 → 2024
Net result
€-128k
2023 · €20k
2018: €57k
2019: €53k
2020: €51k
2021: €36k
2022: €22k
2023: €20k
2018 → 2024
Working capital
€106k
2023 · €-8k
2018: €-31k
2019: €-48k
2020: €-36k
2021: €-17k
2022: €-9k
2023: €-8k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€266k-€296k▲ 11.4%€307k▲ 3.5%€307k=€129k▼ 58.1%
Operating result€70k-€50k▼ 29.2%€32k▼ 35.7%€30k▼ 6.9%€27k▼ 8.6%
Net result€51k-€36k▼ 29.7%€22k▼ 37.9%€20k▼ 11.7%€-128k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 9% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €219k
Fixed assets
€43k▼ 87.9%
Current assets
€176k▲ 422%
Equity and liabilities €219k
Equity
€129k▼ 58.1%
Debt
€90k▲ 17.2%
The debt ratio rises from 20.1% to 41.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41k▲
2023 · €40k
Cash flow
€-115k▼
2023 · €30k
Solvency
58.7%▼
2023 · 79.9%
Current ratio
2.52▲
2023 · 0.80
Quick ratio
2.52▲
2023 · 0.80
Debt / equity
0.70▲
2023 · 0.25
ROE
-99.7%▼
2023 · 6.5%
ROA
-58.5%▼
2023 · 5.2%
Interest coverage
20.03▼
2023 · 22.33
Debt
€90k▲
2023 · €77k
Debt ≤ 1 year
€70k▲
2023 · €42k
Debt > 1 year
€20k▼
2023 · €35k
Income taxes
€6k▼
2023 · €8k
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€384k€219k▼
Fixed assets21/28€350k€43k▼
Tangible fixed assets22/27€56k€43k▼
Furniture and vehicles24€56k€43k▼
Financial fixed assets28€294k-
Current assets29/58€34k€176k▲
Amounts receivable within one year40/41€27k€31k▲
Trade receivables40€27k€27k▼
Other amounts receivable41€256€4k▲
Cash at bank and in hand54/58€3k€142k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€384k€219k▼
Equity10/15€307k€129k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€286k€108k▼
Amounts payable17/49€77k€90k▲
Amounts payable after more than one year17€35k€20k▼
Financial debts170/4€35k€20k▼
Amounts payable within one year42/48€42k€70k▲
Current portion of amounts payable after more than one year42€14k€15k▲
Trade debts44€795€860▲
Suppliers440/4€795€860▲
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€4k€4k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€20k€50k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€14k▲
Other operating charges640/8€21k€892▼
Gross operating margin9900€61k€42k▼
Operating profit (loss)9901€30k€27k▼
Financial income75/76B€14€332▲
Recurring financial income75€14€332▲
Financial charges65/66B€2k€150k▲
Recurring financial charges65€2k€2k▲
Non-recurring financial charges66B-€148k
Profit (loss) for the period before taxes9903€28k€-122k▼
Income taxes67/77€8k€6k▼
Profit (loss) for the period9904€20k€-128k▼
Profit (loss) for the period to be appropriated9905€20k€-128k▼
Appropriation of the result
Profit (loss) to be appropriated9906€306k€158k▼
Profit (loss) brought forward from the previous period14P€286k€286k=
Profit to be distributed694/7€20k€50k▲
Return on contributions (dividend)694€20k€50k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-128k ▼747%
Net result drops to €-128k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 2.52
Current ratio from 0.80 to 2.52.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €215k ▲32.8%
2 profitable years in a row build equity to €215k.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kraainem · 1 establishment unit since 2016
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.
Prinsedal 391950 KraainemGround area
1,566 m²
Building footprint
207 m²
Volume, LiDAR
1,404 m³
Parcel 22002C0047/00K012, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Prinsedal 39, 1950 Kraainem
since 20162.255.655.420
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0047/00K012 | Flanders | 1,566 m² | 1 · 207 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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D&C Outsourcing
BE 0840.241.813
Gent · Eq €129k
Of 24,503 companies in sector 82990 we hold annual accounts for 9,404. 7,167 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-2016
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
68310Real estate agency activities
68311Real estate activities
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.