FINITECH
ActiveSummary
The computed 12-month bankruptcy probability of FINITECH is 5.0% (elevated). The 2024 annual accounts show negative equity (-€25,776) and a net result of €16,108. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 36386 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.47 in 2023; short-term debt: 130.1% and cash: 53.6% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-50.8%
Return on assets
31.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 36386 sector peers (2024).
NBB · sector comparisonPosition among 36386 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
153 d late
2022
98 d late
2021
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 86 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€25,776▲ 38.5%
2023 · -€41,884
Total assets
€50,702▼ 7.6%
2023 · €54,856
Net result
€16,108
2023 · -€12,920
Working capital
-€31,594▲ 16.3%
2023 · -€37,757
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€9,464--€25,295▼ 167%-€10,561▲ 58.3%€18,602
Net result-€11,240below the sector's middle half--€27,724below the sector's middle half▼ 147%-€12,920below the sector's middle half▲ 53.4%€16,108within the sector's middle half
Equity-€1,240below the sector's middle half--€28,964below the sector's middle half▼ 2,236%-€41,884below the sector's middle half▼ 44.6%-€25,776below the sector's middle half▲ 38.5%
Total assets€69,283within the sector's middle half-€66,463below the sector's middle half▼ 4.1%€54,856below the sector's middle half▼ 17.5%€50,702below the sector's middle half▼ 7.6%
Debt€70,523-€95,427▲ 35.3%€96,740▲ 1.4%€76,478▼ 20.9%
Working capital€7,862within the sector's middle half--€19,728below the sector's middle half-€37,757below the sector's middle half▼ 91.4%-€31,594below the sector's middle half▲ 16.3%
Solvency-1.8%below the sector's middle half--43.6%below the sector's middle half▼ 41.8pp-76.4%below the sector's middle half▼ 32.8pp-50.8%below the sector's middle half▲ 25.5pp
Current ratio1.27within the sector's middle half-0.64below the sector's middle half▼ 0.640.47below the sector's middle half▼ 0.170.52below the sector's middle half▲ 0.06
Return on assets (ROA)-16.2%below the sector's middle half--41.7%below the sector's middle half▼ 25.5pp-23.6%below the sector's middle half▲ 18.2pp31.8%above the sector's middle half▲ 55.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €18,602 after a loss of €10,561 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €50,702
Fixed assets
€16,331 ▼ 25.6%
Current assets
€34,371 ▲ 4.5%
Key figures and ratios
EBITDA
€24,233▲
2023 · -€512
Cash flow
€21,739▲
2023 · -€2,872
Debt to equity
-2.97▼
2023 · -2.31
Interest coverage
9.72▲
2023 · -0.21
Debt ≤ 1 year
€65,965▼
2023 · €70,651
Debt > 1 year
€10,513▼
2023 · €26,089
Staff costs
€25,564
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,178 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €25,564 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,375 | €9,415 | €10,048 | €5,631 | ▼ 44.0% |
| Other operating charges640/8 | €870 | €5,587 | €4,193 | €3,918 | ▼ 6.6% |
| Gross operating margin9900 | -€2,219 | -€10,293 | €3,681 | €53,715 | ▲ 1,359% |
| Operating profit (loss)9901 | -€9,464 | -€25,295 | -€10,561 | €18,602 | ▲ 276% |
| Financial income75/76B | - | €8 | €24 | - | - |
| Recurring financial income75 | - | €8 | €24 | - | - |
| Financial charges65/66B | €1,776 | €2,437 | €2,383 | €2,494 | ▲ 4.6% |
| Recurring financial charges65 | €1,776 | €2,437 | €2,383 | €2,494 | ▲ 4.6% |
| Profit (loss) for the period before taxes9903 | -€11,240 | -€27,724 | -€12,920 | €16,108 | ▲ 225% |
| Profit (loss) for the period9904 | -€11,240 | -€27,724 | -€12,920 | €16,108 | ▲ 225% |
| Profit (loss) for the period to be appropriated9905 | -€11,240 | -€27,724 | -€12,920 | €16,108 | ▲ 225% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €69,283 | €66,463 | €54,856 | €50,702 | ▼ 7.6% |
| Fixed assets21/28 | €32,759 | €32,010 | €21,962 | €16,331 | ▼ 25.6% |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €32,759 | €32,010 | €21,962 | €16,331 | ▼ 25.6% |
| Plant, machinery and equipment23 | €10,620 | €9,888 | €3,780 | €1,935 | ▼ 48.8% |
| Furniture and vehicles24 | €7,801 | €8,307 | €6,042 | €3,933 | ▼ 34.9% |
| Other tangible fixed assets26 | €14,338 | €13,815 | €12,140 | €10,464 | ▼ 13.8% |
| Current assets29/58 | €36,524 | €34,453 | €32,894 | €34,371 | ▲ 4.5% |
| Amounts receivable within one year40/41 | €23,396 | €19,554 | €30,655 | €2,974 | ▼ 90.3% |
| Trade receivables40 | €17,933 | €15,024 | €27,352 | - | - |
| Other amounts receivable41 | €5,463 | €4,530 | €3,303 | €2,974 | ▼ 9.9% |
| Cash at bank and in hand54/58 | €11,157 | €13,630 | €820 | €27,151 | ▲ 3,210% |
| Deferred charges and accrued income490/1 | €1,971 | €1,269 | €1,419 | €4,245 | ▲ 199% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €69,283 | €66,463 | €54,856 | €50,702 | ▼ 7.6% |
| Equity10/15 | -€1,240 | -€28,964 | -€41,884 | -€25,776 | ▲ 38.5% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€11,240 | -€38,964 | -€51,884 | -€35,776 | ▲ 31.0% |
| Amounts payable17/49 | €70,523 | €95,427 | €96,740 | €76,478 | ▼ 20.9% |
| Amounts payable after more than one year17 | €41,861 | €41,246 | €26,089 | €10,513 | ▼ 59.7% |
| Financial debts170/4 | €41,861 | €41,246 | €26,089 | €10,513 | ▼ 59.7% |
| Amounts payable within one year42/48 | €28,662 | €54,181 | €70,651 | €65,965 | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | €14,352 | €14,748 | €15,156 | €15,576 | ▲ 2.8% |
| Financial debts43 | - | - | €8,979 | - | - |
| Credit institutions430/8 | - | - | €8,979 | - | - |
| Trade debts44 | €9,800 | €15,908 | €24,443 | €25,293 | ▲ 3.5% |
| Suppliers440/4 | €9,800 | €15,908 | €24,443 | €25,293 | ▲ 3.5% |
| Advances received on contracts in progress46 | - | - | - | €250 | - |
| Taxes, remuneration and social security45 | €2,358 | €10,991 | €5,200 | €6,763 | ▲ 30.1% |
| Taxes450/3 | €1,877 | €8,262 | €2,570 | €824 | ▼ 67.9% |
| Remuneration and social security454/9 | €481 | €2,729 | €2,630 | €5,939 | ▲ 126% |
| Other amounts payable47/48 | €2,152 | €12,534 | €16,872 | €18,082 | ▲ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,240 | -€27,724 | -€12,920 | €16,108 | ▲ 225% |
| + Depreciation and write-downs630 | €6,375 | €9,415 | €10,048 | €5,631 | ▼ 44.0% |
| Operating cash flow (approximation) | -€4,865 | -€18,309 | -€2,872 | €21,739 | ▲ 857% |
| Investment in fixed assets (approximation) | - | -€8,666 | -€0 | €0 | ▲ 100% |
| Change in cash | - | €2,473 | -€12,810 | €26,331 | ▲ 306% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €16,108
Net result €16,108 after 3 loss-making years.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 98 days late
2022
31-12
Financial
Weakest financial yearnet -€27,724
Net result drops to -€27,724, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Fosses-la-Ville · 2 establishment units since 2020
Ground area
2,483 m²
Building footprint
506 m²
Volume, LiDAR
2,835 m³
2 parcels, Wallonia · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
FINITECH
since 20202.318.334.642
Pulse Punch
since 20222.335.059.620
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92132A0001/00F012 | Wallonia | 1,636 m² | 1 · 176 m² | 7.3 m · 2 fl. |
| 52049B1002/00W005 | Wallonia | 847 m² | 1 · 330 m² | 13.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
D.B. RENOVE
BE 0888.237.314
Fosses-la-Ville
G. GIL PRODUCTIONS
BE 0441.356.334
Fosses-la-Ville
JC DOB
BE 0758.621.756
Fosses-la-Ville
MCM CONSTRUCT
BE 0546.751.287
Fosses-la-Ville
MONTI IMMO CONSTRUCT
BE 0792.743.287
Fosses-la-Ville
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759861574
Also
9925:BE0759861574
Registered
05-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.