FINIPAN

Active

Public limited companyfounded 1988active for 38 yearsOostlaan 4, 8560 Wevelgem, Belgium17 active companies are registered at this addressKBO/BCE: BE 0435.178.226

Summary

FINIPAN has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81,488 and a net result of €160,680. Equity remains stable across the filed financial years (±2.3% per year). Its solvency ranks better than 21% of 6,141 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisFollow Report Compare

FINIPANActiveChecked score 83/100

Risk analysis Report Compare

Activity

Agents in the wholesale of timber and building materials

NACE 46130Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials NACE 16210

1 site

Size

€418,972total assets 2025

Staff: 6.5 FTE
Equity: €81,488
Profit: €160,680

Financial health

83 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.5%

Structure

Parent: INTERNATIONAL WOOD HOLDING · 100%
Board: 5 members

INTERNATIONAL WOOD HOLDINGChair · permanent representative Joost VAN CAUWENBERGE

2025 accounts 14 days early4 of 11 deeds summarised

Why 83raises risk1 change of registered office in 24 monthsSize: 6.5 FTE, total assets €418,972Equity €81,488 (19.4% of total assets)lowers riskLiquidity: current ratio 1.24, cash €279,800Show the evidence

Checked score

Score 2025

83 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 55% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 44=

equity 19.4% of total assets

Liquidity 56+1

short-term debt 80.6% · cash 66.8%

Profitability 100+13

return on assets 38.4%

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,881 companies, NACE 46, micro)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 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 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.5 percentage points vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.7%▲ +0.1 percentage points vs 03-2026 05-2026: 0.8%▲ +0.1 percentage points vs 04-2026 06-2026: 0.9%▲ +0.1 percentage points vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026highest value 08-2026: 0.5%▼ -0.4 percentage points vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026

Credit of up to €6,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.24, compared with 1.23 in 2024, below the usual 1.5; short-term debt: 80.6% and cash: 66.8% of total assets), and 80.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 31% on solvency, 62% on liquidity, 95% on profitability and 31% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.

lowers riskraises riskneutral

1 change of registered office in 24 months

Belgian Official Gazette

Liquidity: current ratio 1.24, cash €279,800

NBB · annual accounts

Size: 6.5 FTE, total assets €418,972

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Equity €81,488 (19.4% of total assets)

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 6141 sector peers (2025).

NBB · sector comparison

Position among 6141 sector peers

Solvency

better than 21%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

14 days early

2024

38 days early

2023

35 days early

2022

95 days early

2021

62 days early

2020

32 days early

2019

36 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 45 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

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 23 June (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

17-07-2026 Annual accounts filedfinancial year 2025 · full…
10-09-2025 Resignations & appointmentsResignations: BELINVEST (director) and Michael…
23-06-2025 Permanent representative: VAN CAUWENBERGE JoostRegistered-office move · Power of…

Key points

Positive: Result rose in 2025from €66,541 to €160,680 ▲ 141% View
Caution: Among the weakest 12% on equitysector median €1.6m · 6,074 companies €81,488 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Positive: 8 profitable years in a rowprofit 2025: €160,680 8 years View
Controlled by INTERNATIONAL WOOD HOLDINGultimately: BELINVEST 100% View

By topic

Financials

Financial year: 2025
Total assets: €418,972
Profit: €160,680
Solvency: 19.4%

Total assets▼ 9.0%

Net result

20182025

Go to Financials

Board & ownership

Board: 5 members
Parent: INTERNATIONAL WOOD HOLDING · 100%

INTERNATIONAL WOOD HOLDINGChair
VAN-CAUWENBERGE Michael Monique PaulDirector
DEVAXDirector
SEASTAR CAPITALDirector
BELINVESTDirector

Go to Board & ownership

Network & group

Group: BELINVEST
Connected companies: 21

Go to Network & group

Timeline

Events: 46
Since: 1990
Next accounts: by 31-07-2027

23-06-2025Annual accounts filed
31-12-2024Weakest financial year
18-07-2024Resignation: 2ADVISE (director)

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Agents in the wholesale of timber and building…NACE 46130
Founded: 02-09-1988
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 18

Annual meeting: Third Saturday of March at 09:00

Go to Articles of association

Key facts about FINIPAN

What is the company number of FINIPAN?: 0435.178.226. In Belgium the VAT number is the company number with BE in front: BE 0435.178.226.
Where is FINIPAN based?: The registered office is at Oostlaan 4, 8560 Wevelgem.Company details
What does FINIPAN do?: According to the KBO register, the main activity is agents in the wholesale of timber and building materials (NACE 46130).
What is the legal form of FINIPAN?: Public limited company (NV).
When was FINIPAN founded?: On 02-09-1988.
Is FINIPAN still active?: Yes, FINIPAN is an active enterprise in the KBO register.
How many employees does FINIPAN have?: On average 6.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of FINIPAN?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is FINIPAN profitable?: In financial year 2025, FINIPAN made a profit of €160,680.
Where can I find the annual accounts of FINIPAN?: FINIPAN filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FINIPAN due?: By 31-07-2027, for financial year 2026.Timeline