FinIT Services
ActiveThe file of FinIT Services contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.
Summary
The 2025 annual accounts show negative equity (-€413,978) and a net result of €16,822. Equity is growing by about 6.9% per year across the filed financial years. Its solvency ranks better than 5% of 6,640 sector peers (NACE 64, financial year 2025).
Financials · financial year 2025, abbreviated format
Equity
-€413,978▲ 3.9%
2024 · -€430,801
Net result
€16,822▼ 77.7%
2024 · €75,478
Total assets
€103,140▼ 78.9%
2024 · €488,621
Solvency
-401.4%▼ 313.2pp
2024 · -88.2%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 67% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.7m
2021
Operating result€0.03m
2025
Net result€0.02m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.1m
2025
Equity-€0.4m
2025
Debt€0.5m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)16.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-401.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.17
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)4.9
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€1.0m-€0.9m▼ 10.6%€0.7m▼ 16.8%
Operating result€0.1m-€0.1m▼ 11.8%€0.1m▼ 8.6%€0.04m▼ 63.6%€0.03m▼ 39.7%€0.08m▲ 216%€0.03m▼ 66.7%
Net result-€2.2m--€3.6mbelow the sector's middle half▼ 59.9%€2.8mabove the sector's middle half€0.03mwithin the sector's middle half▼ 98.8%€0.02mwithin the sector's middle half▼ 52.7%€0.08mwithin the sector's middle half▲ 395%€0.02mwithin the sector's middle half▼ 77.7%
Equity€0.3m--€3.3mbelow the sector's middle half-€0.6mbelow the sector's middle half▲ 83.3%-€0.5mbelow the sector's middle half▲ 5.8%-€0.5mbelow the sector's middle half▲ 2.9%-€0.4mbelow the sector's middle half▲ 14.9%-€0.4mbelow the sector's middle half▲ 3.9%
Total assets€4.0m-€0.3mbelow the sector's middle half▼ 93.2%€0.4mbelow the sector's middle half▲ 41.1%€0.7mwithin the sector's middle half▲ 71.5%€0.4mbelow the sector's middle half▼ 46.6%€0.5mbelow the sector's middle half▲ 37.9%€0.1mbelow the sector's middle half▼ 78.9%
Debt€3.7m-€3.6m▼ 4.2%€0.9m▼ 73.8%€1.2m▲ 26.0%€0.9m▼ 27.4%€0.9m▲ 6.8%€0.5m▼ 43.8%
Working capital-€1.9m--€1.9mbelow the sector's middle half▼ 4.1%-€0.3mwithin the sector's middle half▲ 84.1%-€0.4mbelow the sector's middle half▼ 24.2%-€0.4mbelow the sector's middle half▲ 8.4%-€0.3mbelow the sector's middle half▲ 21.5%-€0.2mbelow the sector's middle half▲ 10.7%
Solvency6.9%--1209.5%below the sector's middle half▼ 1216.4pp-143.1%below the sector's middle half▲ 1066.4pp-78.5%below the sector's middle half▲ 64.5pp-142.9%below the sector's middle half▼ 64.3pp-88.2%below the sector's middle half▲ 54.7pp-401.4%below the sector's middle half▼ 313.2pp
Current ratio0.14-0.08below the sector's middle half▼ 0.060.49within the sector's middle half▲ 0.410.60within the sector's middle half▲ 0.110.45within the sector's middle half▼ 0.150.60within the sector's middle half▲ 0.160.17below the sector's middle half▼ 0.44
Return on assets (ROA)-55.8%-714.1%above the sector's middle half4.9%within the sector's middle half▼ 709.3pp4.3%within the sector's middle half▼ 0.5pp15.4%above the sector's middle half▲ 11.1pp16.3%above the sector's middle half▲ 0.9pp
Staff (FTE)4.1-3.7within the sector's middle half▼ 9.8%3.4within the sector's middle half▼ 8.1%3.7above the sector's middle half▲ 8.8%4.8above the sector's middle half▲ 29.7%4.9above the sector's middle half▲ 2.1%4.9above the sector's middle half=
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2022 Net result -99% on 2021. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103,140
Fixed assets
€54,390 ▼ 19.1%
Current assets
€48,750 ▼ 88.4%
Equity and liabilities
Equity-€413,978
Debt€517,119
Equity is negative: debt (€517,119) exceeds the balance-sheet total (€103,140).
Key figures and ratios
Debt ≤ 1 year
€295,319▼
2024 · €697,621
Debt > 1 year
€221,800=
2024 · €221,800
Income taxes
€8,362▲
2024 · €959
Staff costs
€366,762▲
2024 · €338,178
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1.0m | €0.9m | €0.7m | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.04m | €0.03m | €0.03m | €0.04m | €0.04m | €0.04m | ▼ 14.7% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.002m | €0.002m | ▲ 21.3% |
| Gross operating margin9900 | - | - | - | €0.4m | €0.4m | €0.5m | €0.4m | ▼ 6.7% |
| Operating profit (loss)9901 | €0.1m | €0.1m | €0.1m | €0.04m | €0.03m | €0.08m | €0.03m | ▼ 66.7% |
| Financial income75/76B | - | - | - | €402 | €0.003m | €0.008m | €0.01m | ▲ 27.3% |
| Recurring financial income75 | €4.8m | - | €0.001m | €402 | €0.003m | €0.008m | €0.01m | ▲ 27.3% |
| Financial charges65/66B | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 2.8% |
| Recurring financial charges65 | €0.1m | €0.09m | €0.06m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 2.8% |
| Debt charges650 | €0.1m | €0.09m | €0.06m | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€2.2m | -€3.6m | €2.7m | €0.03m | €0.02m | €0.08m | €0.03m | ▼ 67.1% |
| Income taxes67/77 | €0.02m | €0.001m | -€0.02m | €0.001m | €0.001m | €0.001m | €0.008m | ▲ 772% |
| Profit (loss) for the period9904 | -€2.2m | -€3.6m | €2.8m | €0.03m | €0.02m | €0.08m | €0.02m | ▼ 77.7% |
| Profit (loss) for the period to be appropriated9905 | -€2.2m | -€3.6m | €2.8m | €0.03m | €0.02m | €0.08m | €0.02m | ▼ 77.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.0m | €0.3m | €0.4m | €0.7m | €0.4m | €0.5m | €0.1m | ▼ 78.9% |
| Fixed assets21/28 | €3.7m | €0.1m | €0.09m | €0.08m | €0.07m | €0.07m | €0.05m | ▼ 19.1% |
| Intangible fixed assets21 | - | - | - | €0.02m | €0.01m | €0.03m | €0.02m | ▼ 34.5% |
| Tangible fixed assets22/27 | €0.09m | €0.1m | €0.09m | €0.07m | €0.06m | €0.04m | €0.04m | ▼ 8.3% |
| Plant, machinery and equipment23 | - | - | - | €0.06m | €0.04m | €0.02m | €0.008m | ▼ 57.9% |
| Furniture and vehicles24 | - | - | - | €0.006m | €0.02m | €0.02m | €0.03m | ▲ 42.1% |
| Financial fixed assets28 | €3.6m | €2 | €1 | €1 | €1 | €1 | €1 | = |
| Current assets29/58 | €0.3m | €0.2m | €0.3m | €0.6m | €0.3m | €0.4m | €0.05m | ▼ 88.4% |
| Amounts receivable within one year40/41 | €0.3m | €0.06m | €0.2m | €0.5m | €0.3m | €0.4m | €0.04m | ▼ 89.6% |
| Trade receivables40 | - | - | - | €0.001m | - | - | €0.006m | - |
| Other amounts receivable41 | - | - | - | €0.5m | €0.3m | €0.4m | €0.04m | ▼ 90.9% |
| Cash at bank and in hand54/58 | €0.03m | €0.09m | €0.05m | €0.03m | €0.01m | €284 | €0.001m | ▲ 137% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.001m | €0.002m | €0.004m | ▲ 176% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.0m | €0.3m | €0.4m | €0.7m | €0.4m | €0.5m | €0.1m | ▼ 78.9% |
| Equity10/15 | €0.3m | -€3.3m | -€0.6m | -€0.5m | -€0.5m | -€0.4m | -€0.4m | ▲ 3.9% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €2.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.3m | €0.3m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.3m | €0.3m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€2.2m | -€3.8m | -€1.1m | -€1.0m | -€1.0m | -€0.7m | -€0.6m | ▲ 2.6% |
| Amounts payable17/49 | €3.7m | €3.6m | €0.9m | €1.2m | €0.9m | €0.9m | €0.5m | ▼ 43.8% |
| Amounts payable after more than one year17 | €1.6m | €1.5m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts payable within one year42/48 | €2.2m | €2.1m | €0.6m | €1.0m | €0.6m | €0.7m | €0.3m | ▼ 57.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | - | - | - | - |
| Trade debts44 | €0.2m | €0.07m | €0.07m | €0.04m | €0.03m | €0.03m | €0.03m | ▼ 0.2% |
| Suppliers440/4 | - | - | - | €0.04m | €0.03m | €0.03m | €0.03m | ▼ 0.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.06m | €0.07m | €0.1m | ▲ 36.8% |
| Taxes450/3 | - | - | - | €0.004m | €0.007m | €0.008m | €0.03m | ▲ 260% |
| Remuneration and social security454/9 | - | - | - | €0.06m | €0.05m | €0.06m | €0.07m | ▲ 10.1% |
| Other amounts payable47/48 | - | - | - | €0.8m | €0.6m | €0.6m | €0.2m | ▼ 71.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2.2m | -€3.6m | €2.8m | €0.03m | €0.02m | €0.08m | €0.02m | ▼ 77.7% |
| + Depreciation and write-downs630 | €0.07m | €0.04m | €0.03m | €0.03m | €0.04m | €0.04m | €0.04m | ▼ 14.7% |
| Operating cash flow (approximation) | -€2.2m | -€3.6m | €2.8m | €0.07m | €0.06m | €0.1m | €0.05m | ▼ 55.2% |
| Investment in fixed assets (approximation) | - | €3.6m | -€0.03m | -€0.03m | -€0.02m | -€0.04m | -€0.02m | ▲ 44.7% |
| Change in cash | - | €0.07m | -€0.05m | -€0.02m | -€0.02m | -€0.01m | €390 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-08-2025 | abbreviated format | 23-02-2026 | 2026-00044570 |
| 31-08-2024 | abbreviated format | 21-02-2025 | 2025-00041627 |
| 31-08-2023 | abbreviated format | 14-03-2024 | 2024-00043399 |
| 31-08-2022 | abbreviated format | 24-03-2023 | 2023-00044676 |
| 31-08-2021 | full format | 02-03-2022 | 2022-06900585 |
| 31-08-2020 | full format | 29-01-2021 | 2021-02900370 |
| 31-08-2019 | full format | 20-04-2020 | 2020-09500174 |
| 31-08-2018 | full format | 20-03-2019 | 2019-07800275 |
| 31-08-2017 | full format | 30-03-2018 | 2018-08800017 |
| 31-08-2016 | full format | 21-08-2017 | 2017-45800532 |
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Of the 24,458 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,963. 2,597 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.