FINNAL
ActiveThe computed 12-month bankruptcy probability of FINNAL is 1.7% (moderate). The 2025 annual accounts show equity of €240k and a net result of €28k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 19% of 27386 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2023
Profitability59▼-41
Solvency17▼-20
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.88 in 2023), and 83.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.6%
Return on assets
2%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 27386 sector peers (2025).
NBB · sector comparisonPosition among 27386 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 30-04-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2023
15 d late
2022
15 d late
2021
2 d late
2020
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€240k▲ 14.4%
2023 · €210k
2020: €80k
2021: €94k
2022: €103k
2023: €210k
2020 → 2025
Total assets
€1.45M▲ 81.8%
2023 · €797k
2020: €224k
2021: €353k
2022: €501k
2023: €797k
2020 → 2025
Net result
€28k▼ 73.4%
2023 · €106k
2020: €80k
2021: €14k
2022: €9k
2023: €106k
2020 → 2025
Working capital
€-164k▼ 134%
2023 · €-70k
2020: €70k
2021: €29k
2022: €49k
2023: €-70k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€80k-€94k▲ 17.8%€103k▲ 9.5%€210k▲ 103%€240k▲ 14.4%
Operating result€101k-€20k▼ 79.9%€23k▲ 15.4%€146k▲ 523%€164k▲ 12.6%
Net result€80k-€14k▼ 82.2%€9k▼ 37.3%€106k▲ 1,092%€28k▼ 73.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2025 is 13% above 2023 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €1.45M
Fixed assets
€841k▲ 200%
Current assets
€608k▲ 17.6%
Equity and liabilities €1.45M
Equity
€240k▲ 14.4%
Debt
€1.21M▲ 106%
The debt ratio rises from 73.7% to 83.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€255k▲
2023 · €179k
Cash flow
€119k▼
2023 · €140k
Solvency
16.6%▼
2023 · 26.3%
Current ratio
0.79▼
2023 · 0.88
Quick ratio
0.79▼
2023 · 0.88
Debt / equity
5.04▲
2023 · 2.80
ROE
11.8%▼
2023 · 50.8%
ROA
2.0%▼
2023 · 13.4%
Interest coverage
14.05▼
2023 · 50.70
Debt
€1.21M▲
2023 · €587k
Debt ≤ 1 year
€772k▲
2023 · €587k
Debt > 1 year
€396k
Income taxes
€119k▲
2023 · €36k
Staff costs
€53k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2023
Balance sheet
Code20232025
Assets
Total assets20/58€797k€1.45M▲
Fixed assets21/28€280k€841k▲
Tangible fixed assets22/27€28k€557k▲
Land and buildings22-€514k
Furniture and vehicles24€24k€19k▼
Leasing and similar rights25€4k€25k▲
Financial fixed assets28€252k€284k▲
Current assets29/58€517k€608k▲
Amounts receivable within one year40/41€463k€531k▲
Trade receivables40€331k€345k▲
Other amounts receivable41€132k€186k▲
Cash at bank and in hand54/58€54k€71k▲
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€797k€1.45M▲
Equity10/15€210k€240k▲
Contributions10/11€3€3=
Reserves13€210k€240k▲
Distributable reserves133€210k€240k▲
Amounts payable17/49€587k€1.21M▲
Amounts payable after more than one year17-€396k
Financial debts170/4-€396k
Amounts payable within one year42/48€587k€772k▲
Current portion of amounts payable after more than one year42€12k€33k▲
Trade debts44€534k€643k▲
Suppliers440/4€534k€643k▲
Taxes, remuneration and social security45€41k€68k▲
Taxes450/3€41k€54k▲
Remuneration and social security454/9-€14k
Other amounts payable47/48-€28k
Accrued charges and deferred income492/3-€40k
Income statement
Code20232025
Remuneration, social security and pensions62€1k€53k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€91k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€22k€30k▲
Non-recurring operating charges66A-€5k
Gross operating margin9900€202k€347k▲
Operating profit (loss)9901€146k€164k▲
Financial income75/76B€65€1k▲
Recurring financial income75€65€1k▲
Financial charges65/66B€4k€18k▲
Recurring financial charges65€4k€18k▲
Profit (loss) for the period before taxes9903€143k€148k▲
Income taxes67/77€36k€119k▲
Profit (loss) for the period9904€106k€28k▼
Profit (loss) for the period to be appropriated9905€106k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€106k€28k▼
Transfer to equity691/2€106k€362▼
To other reserves6921€106k€362▼
Profit to be distributed694/7-€28k
Directors or managers695-€28k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
30-09
Financial
Highest result since 2020net €106k ▲1092%
Net result €106k, the highest in the series.
30-09
Financial
Equity above €200kEq €210k ▲103%
4 profitable years in a row build equity to €210k.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
30-09
Financial
Weakest financial yearnet €9k ▼37.3%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €100kEq €103k ▲9.5%
3 profitable years in a row build equity to €103k.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Houthalen-Helchteren · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schutterijstraat 33530 Houthalen-HelchterenGround area
558 m²
Building footprint
155 m²
Volume, LiDAR
1,047 m³
Parcel 72014C0496/00V003, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FINNAL
since 20202.299.250.485
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72014C0496/00V003 | Flanders | 558 m² | 1 · 155 m² | 11.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Gunther Lemmens
BE 0832.452.317
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Asset Avenue
BE 0793.330.831
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VAN WYNSBERGHE
BE 0428.436.726
Beernem · Eq €241k
Erwin & Yves ROSSKAMP
BE 0841.808.263
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OYAERT PATRICK
BE 0811.835.362
Koksijde · Eq €241k
Of 3,987 companies in sector 43310 we hold annual accounts for 1,736. 1,299 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-12-2018
Fiscal year end30-09
Activities, NACEBEL
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.