FINIMVEST
ActiveFINIMVEST has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.07M and a net result of €2.63M. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 87 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency97▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.1M at 30 days acceptable
Liquidity ample (current ratio 3.33 against 2.37 in 2024), and 44% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
lower
← fewer bankruptcies
more bankruptcies →
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
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
56%
Return on assets
13.3%
Age of the figures
8 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
21 d early
2023
6 d early
2022
66 d early
2021
12 d early
2020
16 d early
2019
30 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.63M▲ 17.2%
2024 · €2.25M
2018: €-194k
2019: €-222k
2020: €-182k
2021: €1.01M
2022: €-244k
2023: €902k
2024: €2.25M
2018 → 2025
Working capital
€2.52M▲ 124%
2024 · €1.12M
2018: €152k
2019: €133k
2020: €136k
2021: €213k
2022: €-184k
2023: €-159k
2024: €1.12M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.53M-€5.29M▼ 4.4%€6.19M▲ 17.1%€8.44M▲ 36.3%€11.07M▲ 31.2%
Operating result€1.02M-€-232k€908k€2.64M▲ 191%€3.65M▲ 37.9%
Net result€1.01M-€-244k€902k€2.25M▲ 149%€2.63M▲ 17.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 38% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.77M
Fixed assets
€16.17M▲ 15.9%
Current assets
€3.60M▲ 85.0%
Equity and liabilities €19.77M
Equity
€11.07M▲ 31.2%
Debt
€8.70M▲ 16.5%
The debt ratio falls from 47.0% to 44.0%: equity grows faster than debt.
Key figures and ratios
EBITDA
€3.92M▲
2024 · €2.92M
Cash flow
€2.91M▲
2024 · €2.52M
Solvency
56.0%▲
2024 · 53.0%
Current ratio
3.33▲
2024 · 2.37
Quick ratio
3.33▲
2024 · 2.37
Debt / equity
0.79▼
2024 · 0.89
ROE
23.8%▼
2024 · 26.6%
ROA
13.3%▼
2024 · 14.1%
Interest coverage
179.52▼
2024 · 622.88
Debt
€8.70M▲
2024 · €7.47M
Debt ≤ 1 year
€1.08M▲
2024 · €822k
Debt > 1 year
€7.62M▲
2024 · €6.65M
Income taxes
€993k▲
2024 · €394k
Staff costs
€354k▼
2024 · €370k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€15.91M€19.77M▲
Fixed assets21/28€13.96M€16.17M▲
Tangible fixed assets22/27€13.96M€16.17M▲
Land and buildings22€13.78M€13.75M▼
Plant, machinery and equipment23€33k€27k▼
Furniture and vehicles24€151k€176k▲
Assets under construction and advance payments27-€2.22M
Current assets29/58€1.95M€3.60M▲
Amounts receivable after more than one year29€6k€6k▲
Other amounts receivable291€6k€6k▲
Amounts receivable within one year40/41€1.29M€3.23M▲
Trade receivables40€1.29M€3.23M▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€639k€356k▼
Deferred charges and accrued income490/1€10k€10k▼
Equity and liabilities
Total equity and liabilities10/49€15.91M€19.77M▲
Equity10/15€8.44M€11.07M▲
Contributions10/11€7.93M€7.93M=
Capital10€7.93M€7.93M=
Issued capital100€7.93M€7.93M=
Revaluation surpluses12€127k€127k=
Reserves13€438k€3.01M▲
Non-distributable reserves130/1€17k€96k▲
Legal reserve130€17k€96k▲
Tax-exempt reserves132€421k€1.41M▲
Distributable reserves133-€1.50M
Profit (loss) carried forward14€-62k€0▲
Amounts payable17/49€7.47M€8.70M▲
Amounts payable after more than one year17€6.65M€7.62M▲
Financial debts170/4€6.65M€7.62M▲
Amounts payable within one year42/48€822k€1.08M▲
Current portion of amounts payable after more than one year42€25k€26k▲
Trade debts44€122k€79k▼
Suppliers440/4€122k€79k▼
Taxes, remuneration and social security45€399k€500k▲
Taxes450/3€358k€463k▲
Remuneration and social security454/9€40k€37k▼
Other amounts payable47/48€276k€477k▲
Accrued charges and deferred income492/3€322€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€370k€354k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€276k€275k▼
Other operating charges640/8€31k€32k▲
Gross operating margin9900€3.32M€4.31M▲
Operating profit (loss)9901€2.64M€3.65M▲
Financial charges65/66B€5k€22k▲
Recurring financial charges65€5k€22k▲
Profit (loss) for the period before taxes9903€2.64M€3.63M▲
Income taxes67/77€394k€993k▲
Profit (loss) for the period9904€2.25M€2.63M▲
Transfer to tax-exempt reserves689€421k€989k▲
Profit (loss) for the period to be appropriated9905€1.82M€1.64M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-62k€1.58M▲
Profit (loss) brought forward from the previous period14P€-1.89M€-62k▲
Transfer to equity691/2-€1.58M
To the legal reserve6920-€79k
To other reserves6921-€1.50M
Social balance
Average headcount (FTE)90873.83.8=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €2.63M ▲17.2%
Operating result €3.65M, net result €2.63M, both a record.
31-12
Financial
Equity above €10MEq €11.07M ▲31.2%
3 profitable years in a row build equity to €11.07M.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 2.37
Current ratio from 0.89 to 2.37; short-term debt falls from €1.47M to €822k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €902k
Net result €902k after one loss-making year.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-244k ▼124%
Net result drops to €-244k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1.01M
Net result €1.01M after 3 loss-making years.
31-12
Financial
Equity above €5MEq €5.53M ▲22.4%
Equity rises from €4.52M to €5.53M.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 directors, no change since 2024
VAN REETH Nathalie Françoise Emma Marie
CurrentManaging director · since 30-01-2024
Nathalie Van Reeth
CurrentDirector · since 14-09-2021
Christian Van Thillo
CurrentDirector · since 27-10-2015
Kristin Van Thillo
Not recently confirmedDirector · since 28-09-2016
30-01-2024
VAN REETH Nathalie Françoise Emma Marie: Appointed as Managing director
24-11-2021
Emmanuel Van Thillo: Resigned as Director
14-09-2021
Nathalie Van Reeth: Appointed as Director
14-09-2021
Christian Van Thillo: Appointed as Director
14-09-2021
Christian Van Thillo: Appointed as Managing director
14-09-2021
Emmanuel Van Thillo: Appointed as Director
14-09-2021
Kirstin Van Thillo: Resigned as Director
14-09-2021
Stefan De Cleene: Resigned as Director
28-09-2016
Kristin Van Thillo: Appointed as Director
28-09-2016
Patrick Van Thillo: Resigned as Director
27-10-2015
Christian Van Thillo: Appointed as Director
27-10-2015
Christian Van Thillo: Appointed as Managing director
27-10-2015
Emmanuel Van Thillo: Appointed as Director
27-10-2015
Stefan De Cleene: Appointed as Director
27-10-2015
Patrick Van Thillo: Appointed as Director
Location & real-estate footprint
Registered office, Kalmthout · 1 establishment unit since 2014
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.
Putsesteenweg (C) 962920 KalmthoutGround area
426 m²
Building footprint
426 m²
Volume, LiDAR
2,846 m³
Parcel 11022G0893/00P015, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Putsesteenweg (Dp) 96, 2920 Kalmthout
since 20142.233.017.501
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022G0893/00P015 | Flanders | 426 m² | 1 · 426 m² | 12.2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2023 to 2025 · 6 entries · 156,018 EUR awarded · 69,436 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 102,058 EUR | 15,476 EUR |
| 2024 | 2 | 25,123 EUR | 25,123 EUR |
| 2023 | 2 | 28,837 EUR | 28,837 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
Subsidie beheer GBN
Subsidies voor de opmaak van een beheerplan
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Of 607 companies in sector 02100 we hold annual accounts for 212. 49 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-09-1993
Fiscal year end31-12
Activities, NACEBEL
02100Forestry and logging
64200Holdings
64210Activities of holding companies
74151
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.