Equity
€106.3m ▲ 2.1%
FINIMO has made a profit in every financial year since 2008.
FINIMO
Lifetime
18 annual accounts with figures on one time axis, 30 filings since 1996peak -€67,477 (2021)
-€119,292▼ €43,272
peak €20.8m (2023)
€3.7m▼ 11.5%
peak €106.3m (2025)
€106.3m▲ 2.1%
€14.8m▼ 9.6%
peak 1.3 FTE (2021)
1.3 FTEunchanged
Board29 names since 2019all names
15 directorsAndré SAMRAY and 14 others
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from -€76,020 to -€119,2921 director appointed, 15 reappointments 20-08Dividend €1.5mInvestments €41,000
Key points
from the 2025 annual accountsFilings
30 annual accounts since 1996
Three of the last ten came late. The 2022 accounts came latest: 128 days after the end of the period.
Position in the sector
87.8%
Higher solvency than 95% of companies in public administration and defence. Sector median 31.2% · 66 companies.
Checked score
94
Excellent
Financially stronger than 51% of micro companies in public administration and defence (NACE 84)
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 96 companies (NACE 84, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Sector: Public administration and defence; compulsory social security (NACE 84)
Size: 1.3 FTE, total assets €121.1m
Liquidity: current ratio 10.91, cash €18.7m
Equity €106.3m (87.8% of total assets)
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 84, micro). It does better than 85% of them on solvency, 51% on liquidity, 20% on profitability and 49% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
Credit verdict
Credit of up to €9,950,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 10.91 (10.03 in 2024), above the usual 1.5. Short-term debt is 1.5% and cash 15.4% of total assets. 12.2% 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
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
23 days early
2023
35 days early
2022
128 days late
2021
30 days early
2020
29 days early
2019
119 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 14 days after the deadline. In the sector (NACE 84), the median for financial year 2024 was 30 days before the deadline, and 20% 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 1 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 10 others
Shares in 3 companies, including INTERCOMMUNALES PURES DE FINANCEMENT WALLONNES and COMNEXIO
Board & ownershipRecent changes
1 director appointed, 15 reappointments
Reappointments: Benoît DORTHU, Caroline CASSART, Jean-Pol DELLICOUR, Amaury DELTOUR, Arnaud DEWEZ, Bruno GAVRAY and 9 others · Appointment: Callens, Vandelanotte & Co (company auditor) · General meeting of 26-06-2025 · Gazette deed
Amendment of the articles · Legal-form change
Legal-form conversion: from coöperatieve vennootschap met beperkte aansprakelijkheid to cooperative company · General meeting of 30-11-2023 · Gazette deed
2 directors appointed, 15 reappointments
Reappointments: AYDIN Hasan, BREUWER Alfred, CASSART Caroline, DE NARD Marc, DEWEZ Arnaud, DELLICOUR Jean Pol and 9 others · Appointments: BREUWER Alfred (chair of the board) and SAMRAY André (vice-chair) · Gazette deed
First establishment
Finimo Association Intercommunale SCRL, Place du Marché 55, Verviers
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FINIMO Verviers | - | - | 87.8% | 1.3 |
| IFIGA Comines-Warneton | - | - | - | - |
| Haven Oostende Ostend | €15.0m | 13.4% | 85.9% | 44 |
| Stadsontwikkeling Gent (sogent) Ghent | €13.1m | 5.7% | 62.1% | 58.7 |
| HYDRIA Brussels | €45.0m | 1.5% | 59.5% | 67.2 |
| Dender, Durme en Schelde Dendermonde | €1.3m | -40.1% | 78.6% | 40.6 |
| Intergemeentelijk Samenwerkingsverband van het Land van Waas Sint-Niklaas | €2.9m | 41.5% | 70.3% | 44.5 |
These companies have their main activity in the same NACE class as FINIMO: public administration and defence; compulsory social security (NACE 8411). With exactly the same main activity (NACE 84119), too few companies are of comparable size. They are comparable in size and age: total assets between €28m and €330m, founded between 1968 and 2006.
Official details
Source: KBO- Status
- Active since 24-04-1996Normal situation
- Registered office
- 13 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Public administration and defence; compulsory social securityNACE 84119
- Establishment unit
- 2.160.510.9894800 Verviers, since 01-11-2005
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €121.1m▲ 0.5%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Companies linked to FINIMO
Subsidiaries and holdings
Insights on FINIMO
FINIMO files the abbreviated format. That format states no turnover. The gross margin fell from -€79,815 in 2017 to -€119,292 in 2025.
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 FINIMO
- What is the company number of FINIMO?
- The company number of FINIMO is 0257.884.101. The VAT number is the same number with BE in front: BE 0257.884.101.
- Where is FINIMO based?
- The registered office is at Place du Marché 55, 4800 Verviers.Company details
- What does FINIMO do?
- According to the KBO register, the main activity is public administration and defence; compulsory social security (NACE 84119).
- What is the legal form of FINIMO?
- FINIMO is a cooperative company (CV).
- When was FINIMO founded?
- FINIMO was founded on 24-04-1996.
- Is FINIMO still active?
- Yes, FINIMO is an active enterprise in the KBO register.
- How many employees does FINIMO have?
- FINIMO had an average of 1.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of FINIMO?
- The annual accounts for financial year 2025 state no turnover.
- Is FINIMO profitable?
- In financial year 2025, FINIMO made a profit of €3.7m.
- Where can I find the annual accounts of FINIMO?
- FINIMO filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FINIMO due?
- FINIMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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