Financials
- Financial year
- 2025
- Total assets
- €652,005
- Loss
- -€87,668
- Solvency
- 11.2%
Total assets▼ 10.3%
Net result
20192025
FINIQ
ActiveSummary
The annual accounts of FINIQ for financial year 2025 show a net loss of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €73,192 and a net result of -€87,668. Equity is shrinking by about 37% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 19% of 9,100 sector peers (NACE 41, financial year 2025). The company has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Activity
General construction of residential buildings
NACE 41001Joinery installation NACE 43320
#10 oldest company in Houthulst, Construction sector1 site
Size
€652,005total assets 2025
- Staff
- 11 FTE
- Equity
- €73,192
- Loss
- -€87,668
Turnover not published (abbreviated or micro format)
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €87,668 (financial year 2025)Equity €73,192 (11.2% of total assets)Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskSize: total assets €652,005Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 27% of its sector peers (NACE 41, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
36-11
equity 11.2% of total assets
Liquidity
60+11
short-term debt 39.3% · cash 22.6%
Profitability
16-55
return on assets -13.4%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.1%▼ -0.2 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.2%▲ +0.1 percentage points vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.6 percentage points vs 03-2026highest value
05-2026: 0.8%● unchanged vs 04-2026highest value
06-2026: 0.8%● unchanged vs 05-2026highest value
07-2026: 0.8%● unchanged vs 06-2026highest value
08-2026: 0.8%● unchanged vs 07-2026highest value
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
Credit of up to €3,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.91, compared with 1.51 in 2024; short-term debt: 39.3% and cash: 22.6% of total assets), but 88.8% of the assets are financed with debt.
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 41, micro): better than 19% on solvency, 65% on liquidity, 16% on profitability and 10% on growth.
The bankruptcy probability was computed on 08-10-2026 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).
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Signals
Six signals.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9100 sector peers (2025).
NBB · sector comparisonPosition among 9100 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
30 days early
2023
on the day
2022
9 days early
2021
43 days early
2020
15 days early
2019
38 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 25 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 31 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-10-2026 today30-04-2027 deadline
- Reappointment: Jan Heethem (non-statutory director)Power of attorney
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Key points
- Caution: From profit to loss in 2025after €14,278 in 2024 -€87,668 View
- Caution: Among the weakest 5% on net resultsector median €8,458 · 9,094 companies -€87,668 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- New directorlatest change 14-01-2026 · 1 in office 1 joined View
By topic
Board & ownership
- Board
- 1 member
- Jan HeethemDaily manager
Timeline
- Events
- 32
- Since
- 1996
- Next accounts
- by 30-04-2027
- 30-09-2024Equity above €150,000
- 30-04-2024Annual accounts filed
- 30-09-2023Back to profit
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 10-06-1994
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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