Summary
FINLECO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €7.0m and a net result of €1.1m. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 88% of 1426 sector peers (fiscal year 2024). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 22-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
34 d early
2023
39 d early
2022
34 d early
2021
22 d early
2020
42 d early
2019
17 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 32 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-12-2026 close30-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€7.0m▲ 13.3%
2023 · €6.2m
Net result
€1.1m▲ 12.3%
2023 · €991,554
Total assets
€8.2m▲ 11.7%
2023 · €7.3m
Solvency
86.3%▲ 1.2pp
2023 · 85.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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
Line20202021202220232024
Operating result€2.8m▲ 768%€967,190▼ 65.0%€808,488▼ 16.4%€723,378▼ 10.5%€894,948▲ 23.7%
Net result€1.9mabove the sector's middle half▲ 1,206%€664,836above the sector's middle half▼ 65.9%€405,324above the sector's middle half▼ 39.0%€991,554above the sector's middle half▲ 145%€1.1mabove the sector's middle half▲ 12.3%
Equity€4.2mabove the sector's middle half▲ 85.5%€4.9mabove the sector's middle half▲ 15.7%€5.3mabove the sector's middle half▲ 8.3%€6.2mabove the sector's middle half▲ 17.1%€7.0mabove the sector's middle half▲ 13.3%
Total assets€7.1mabove the sector's middle half▼ 8.5%€6.7mabove the sector's middle half▼ 5.6%€6.6mabove the sector's middle half▼ 1.4%€7.3mabove the sector's middle half▲ 10.6%€8.2mabove the sector's middle half▲ 11.7%
Debt€2.2m▼ 56.4%€1.2m▼ 46.7%€1.2m▲ 3.4%€1.0m▼ 16.7%€1.1m▲ 3.5%
Working capital€848,105above the sector's middle half€922,143above the sector's middle half▲ 8.7%€665,862above the sector's middle half▼ 27.8%€1.5mabove the sector's middle half▲ 120%€1.8mabove the sector's middle half▲ 25.1%
Solvency59.7%within the sector's middle half▲ 30.2pp73.1%above the sector's middle half▲ 13.5pp80.3%above the sector's middle half▲ 7.2pp85.1%above the sector's middle half▲ 4.8pp86.3%above the sector's middle half▲ 1.2pp
Current ratio1.68within the sector's middle half▲ 1.662.83within the sector's middle half▲ 1.151.88within the sector's middle half▼ 0.942.97within the sector's middle half▲ 1.093.13within the sector's middle half▲ 0.16
Return on assets (ROA)27.5%above the sector's middle half▲ 25.6pp9.9%within the sector's middle half▼ 17.6pp6.1%within the sector's middle half▼ 3.8pp13.6%within the sector's middle half▲ 7.4pp13.7%within the sector's middle half▲ 0.1pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 24% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.2m
Fixed assets
€5.5m ▲ 7.3%
Current assets
€2.7m ▲ 22.0%
Equity and liabilities €8.2m
Equity
€7.0m ▲ 13.3%
Provisions
€63,146 ▼ 6.7%
Debt
€1.1m ▲ 3.5%
Debt's share of the balance-sheet total falls from 14.0% to 13.0%. Equity and debt are higher.
Key figures and ratios
ROE
15.8%▼
2023 · 16.0%
Debt ≤ 1 year
€859,506▲
2023 · €742,689
Debt > 1 year
€132,386▼
2023 · €196,856
Income taxes
€359,953▲
2023 · €290,220
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €153,995 | €102,251 | €103,945 | €101,329 | €99,843 | ▼ 1.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€15,000 | €0 | - | - | - |
| Other operating charges640/8 | - | €14,848 | €15,132 | €17,372 | €21,782 | ▲ 25.4% |
| Gross operating margin9900 | €2.9m | €1.1m | €927,565 | €842,079 | €1.0m | ▲ 20.7% |
| Operating profit (loss)9901 | €2.8m | €967,190 | €808,488 | €723,378 | €894,948 | ▲ 23.7% |
| Financial income75/76B | - | €23,457 | €29,834 | €577,591 | €592,209 | ▲ 2.5% |
| Recurring financial income75 | €122 | €23,457 | €29,834 | €577,591 | €592,209 | ▲ 2.5% |
| Financial charges65/66B | - | €12,231 | €10,583 | €23,702 | €18,266 | ▼ 22.9% |
| Recurring financial charges65 | €96,365 | €12,231 | €10,583 | €23,702 | €18,266 | ▼ 22.9% |
| Profit (loss) for the period before taxes9903 | €2.7m | €978,415 | €827,740 | €1.3m | €1.5m | ▲ 15.0% |
| Transfer from deferred taxes780 | - | €8,014 | €540,139 | €4,508 | €4,508 | = |
| Transfer to deferred taxes680 | - | €0 | - | - | - | - |
| Income taxes67/77 | €368,314 | €321,594 | €962,555 | €290,220 | €359,953 | ▲ 24.0% |
| Profit (loss) for the period9904 | €1.9m | €664,836 | €405,324 | €991,554 | €1.1m | ▲ 12.3% |
| Transfer from tax-exempt reserves789 | - | €19,287 | €1.6m | €8,754 | €8,754 | = |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €703,752 | €684,123 | €2.0m | €1.0m | €1.1m | ▲ 12.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.1m | €6.7m | €6.6m | €7.3m | €8.2m | ▲ 11.7% |
| Fixed assets21/28 | €5.0m | €5.3m | €5.2m | €5.1m | €5.5m | ▲ 7.3% |
| Tangible fixed assets22/27 | €4.9m | €4.9m | €4.8m | €4.7m | €4.7m | ▲ 0.1% |
| Land and buildings22 | - | €4.8m | €4.8m | €4.7m | €4.7m | ▲ 0.1% |
| Plant, machinery and equipment23 | - | €29,760 | €20,998 | €12,927 | €6,326 | ▼ 51.1% |
| Furniture and vehicles24 | - | €52,676 | €40,226 | €33,918 | €41,637 | ▲ 22.8% |
| Financial fixed assets28 | €53,240 | €353,120 | €353,120 | €353,120 | €721,262 | ▲ 104% |
| Current assets29/58 | €2.1m | €1.4m | €1.4m | €2.2m | €2.7m | ▲ 22.0% |
| Amounts receivable after more than one year29 | - | €900,000 | €1.3m | €1.8m | €2.0m | ▲ 14.3% |
| Other amounts receivable291 | - | €900,000 | €1.3m | €1.8m | €2.0m | ▲ 14.3% |
| Amounts receivable within one year40/41 | €176,563 | €357,807 | €23,546 | €35,480 | €507,234 | ▲ 1,330% |
| Trade receivables40 | - | €11,755 | €4,990 | €35,292 | €14,401 | ▼ 59.2% |
| Other amounts receivable41 | - | €346,052 | €18,556 | €188 | €492,833 | ▲ 262,408% |
| Current investments50/53 | - | - | - | €325,000 | €120,000 | ▼ 63.1% |
| Cash at bank and in hand54/58 | €1.9m | €145,698 | €119,603 | €44,913 | €9,101 | ▼ 79.7% |
| Deferred charges and accrued income490/1 | - | €23,156 | €26,509 | €53,619 | €57,562 | ▲ 7.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.1m | €6.7m | €6.6m | €7.3m | €8.2m | ▲ 11.7% |
| Equity10/15 | €4.2m | €4.9m | €5.3m | €6.2m | €7.0m | ▲ 13.3% |
| Contributions10/11 | - | €80,565 | €80,565 | €80,565 | €80,565 | = |
| Reserves13 | €4.1m | €4.8m | €5.2m | €6.1m | €7.0m | ▲ 13.5% |
| Non-distributable reserves130/1 | - | €8,057 | €8,057 | €8,057 | €8,057 | = |
| Reserves not available under the articles1311 | - | €8,057 | €8,057 | €8,057 | €8,057 | = |
| Tax-exempt reserves132 | - | €1.8m | €158,891 | €150,136 | €141,382 | ▼ 5.8% |
| Distributable reserves133 | - | €3.0m | €5.1m | €6.0m | €6.8m | ▲ 14.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €635,315 | €612,301 | €72,161 | €67,654 | €63,146 | ▼ 6.7% |
| Provisions for liabilities and charges160/5 | - | €0 | - | - | - | - |
| Other liabilities and charges164/5 | - | €0 | - | - | - | - |
| Deferred taxes168 | - | €612,301 | €72,161 | €67,654 | €63,146 | ▼ 6.7% |
| Amounts payable17/49 | €2.2m | €1.2m | €1.2m | €1.0m | €1.1m | ▲ 3.5% |
| Amounts payable after more than one year17 | €733,324 | €556,304 | €369,880 | €196,856 | €132,386 | ▼ 32.8% |
| Financial debts170/4 | - | €556,304 | €369,880 | €196,856 | €132,386 | ▼ 32.8% |
| Amounts payable within one year42/48 | €1.2m | €504,518 | €753,796 | €742,689 | €859,506 | ▲ 15.7% |
| Current portion of amounts payable after more than one year42 | - | €187,097 | €186,377 | €173,033 | €64,472 | ▼ 62.7% |
| Financial debts43 | - | - | - | - | €140 | - |
| Credit institutions430/8 | - | - | - | - | €140 | - |
| Trade debts44 | €283,329 | €43,418 | €20,897 | €15,943 | €31,968 | ▲ 101% |
| Suppliers440/4 | - | €43,418 | €20,897 | €15,943 | €31,968 | ▲ 101% |
| Taxes, remuneration and social security45 | - | €131,671 | €25,462 | €92,230 | €125,685 | ▲ 36.3% |
| Taxes450/3 | - | €130,276 | €25,462 | €92,230 | €125,685 | ▲ 36.3% |
| Remuneration and social security454/9 | - | €1,395 | €0 | - | - | - |
| Other amounts payable47/48 | - | €142,332 | €521,060 | €461,483 | €637,242 | ▲ 38.1% |
| Accrued charges and deferred income492/3 | - | €123,455 | €100,600 | €80,090 | €63,720 | ▼ 20.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.9m | €664,836 | €405,324 | €991,554 | €1.1m | ▲ 12.3% |
| + Depreciation and write-downs630 | €153,995 | €102,251 | €103,945 | €101,329 | €99,843 | ▼ 1.5% |
| Operating cash flow (approximation) | €2.1m | €767,088 | €509,269 | €1.1m | €1.2m | ▲ 11.0% |
| Investment in fixed assets (approximation) | - | -€376,162 | -€16,132 | -€11,099 | -€471,671 | ▼ 4,150% |
| Change in cash | - | -€1.8m | -€26,094 | -€74,691 | -€35,811 | ▲ 52.1% |
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
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-12
Financial
Equity above €5mEq €5.3m ▲8.3%
5 profitable years in a row build equity to €5.3m.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-12
Financial
Highest result since 2018net €1.9m ▲1,206%
Operating result €2.8m, net result €1.9m, both a record.
30-12
Financial
Liquidity times 67current ratio 1.68
Current ratio from 0.03 to 1.68; short-term debt falls from €3.9m to €1.2m.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are 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, Knokke-Heist · 1 establishment unit since 2011
Ground area
2,462 m²
Building footprint
291 m²
Volume, LiDAR
965 m³
Parcel 31332F0110/00S000, Flanders · tallest building 10.7 m. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Finleco
since 20112.239.697.336
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0110/00S000 | Flanders | 2,462 m² | 1 · 291 m² | 10.7 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
13.33%
-
10%
According to the annual accounts to 30-12-2024 of FINLECO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 62 companies in sector 66129 we hold annual accounts for 38. 11 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-11-1990
Fiscal year end30-12
Activities, NACEBEL 2025
66129Activities auxiliary to financial services and insurance activities
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442419473
Also
9925:BE0442419473
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.