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FINLAB

Active
Public limited companyfounded 198342 yrs activeKapeldreef 75, 3001 Leuven, BelgiumKBO/BCE: BE 0425.285.315
Summary

FINLAB has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147.4m and a net result of €1.3m. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 784 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
FINLABActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121NACE 74203
#5 company by equity in Flemish Brabant, Architecture and engineering sector1 site
Size
€1.2mturnover 2025
Equity
€147.4m
Profit
€1.3m
Financial health
97 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
Vlaamse Gewest · 92.15%
Holdings
1
Auditor: KPMG Bedrijfsrevisoren BV/SRLAccounts 72 d early1 of 20 deeds read
Why 97- Liquidity: current ratio 262.61, cash €734,737+ Size: turnover €1.2m, total assets €147.8m+ Founded in 1983+ Equity €147.4m (99.8% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Better than 78% of its sector peers (NACE 71, large)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 99.8% of total assets
Liquidity 51=
short-term debt 0.1% · cash 0.5%
Profitability 80=
return on assets 0.9%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (33 companies)
Last 15 months 08-2025: < 0.1% 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%▼ -2.2% vs 12-2025lowest value 02-2026: < 0.1%● 0.0% vs 01-2026lowest value 03-2026: < 0.1%▲ +2.3% vs 02-2026 04-2026: < 0.1%▲ +2.2% vs 03-2026highest value 05-2026: < 0.1%● 0.0% vs 04-2026highest value 06-2026: < 0.1%▼ -4.3% vs 05-2026lowest value 07-2026: < 0.1%● 0.0% vs 06-2026lowest value 08-2026: < 0.1%● 0.0% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 262.61, cash €734,737 raises the probability
  • Size: turnover €1.2m, total assets €147.8m lowers the probability for this profile
  • Founded in 1983 lowers the probability for this profile
  • Equity €147.4m (99.8% of total assets) lowers the probability
Credit up to €110,000 at 30 days acceptable
short-term debt: 0.1% and cash: 0.5% of total assets, and 0.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, large). Better than this share of them on solvency 94%, liquidity 84%, profitability 84%, growth against the median 50%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 262.61, cash €734,737
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €1.2m, total assets €147.8m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1983
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Equity €147.4m (99.8% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
72 d early
2024
70 d early
2023
68 d early
2022
69 d early
2021
48 d early
2020
67 d early
2019
80 d 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 68 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 23 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: Ernst & Young Bedrijfsrevisoren (statutory…Appointment: KPMG Bedrijfsrevisoren BV/SRL (statutory…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Liquidity triplescurrent ratio 262.61

Key points

  • Positive: Among the best 5% on solvencysector median 42.1% · 784 companies 99.8% View
  • Positive: 7 years of growth in a rowturnover 2025: €1.2m 7 years View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by Vlaamse Gewestknown shareholders 100% 92.15% View

By topic

Financials

Fiscal year
2025
Turnover
€1.2m
Profit
€1.3m
Solvency
99.8%
Turnover▲ 3.6%
Net result
20182025
Go to Financials

Board & ownership

Parent
Vlaamse Gewest · 92.15%
Known shareholders
100%
Auditor
KPMG Bedrijfsrevisoren BV/SRL
Go to Board & ownership

Timeline

Events
17
Since
2017
Next accounts
by 31-07-2027
  1. 13-07-2026Resignation: Ernst & Young Bedrijfsrevisoren (statutory auditor)
  2. 20-05-2026Annual accounts filed
  3. 31-12-2025Liquidity triples
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121
Founded
29-12-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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