Summary
FINNAVAAL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €14.7m and a net result of €5.8m. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 73% of 2451 sector peers (fiscal year 2025). The company has been active since 1992 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
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €14.7m
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 15-06-2026, 46 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
46 d early
2024
49 d early
2023
61 d early
2022
45 d early
2021
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 15 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
Equity
€14.7m▲ 28.9%
2024 · €11.4m
Net result
€5.8m▲ 55.8%
2024 · €3.7m
Total assets
€17.2m▲ 23.7%
2024 · €13.9m
Solvency
85.3%▲ 3.4pp
2024 · 81.9%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€24,000▼ 71.4%€35,000▲ 45.8%€35,000=€75,000▲ 114%€75,000=
Operating result€27,646€11,593▼ 58.1%-€61,525-€100,713▼ 63.7%-€390,522▼ 288%
Net result€2.8mabove the sector's middle half▼ 52.3%€2.7mabove the sector's middle half▼ 1.8%€3.2mabove the sector's middle half▲ 18.0%€3.7mabove the sector's middle half▲ 15.6%€5.8mabove the sector's middle half▲ 55.8%
Equity€10.5mwithin the sector's middle half▼ 6.4%€9.4mwithin the sector's middle half▼ 10.2%€10.2mwithin the sector's middle half▲ 7.6%€11.4mwithin the sector's middle half▲ 12.0%€14.7mwithin the sector's middle half▲ 28.9%
Total assets€14.0mwithin the sector's middle half▲ 12.5%€13.3mwithin the sector's middle half▼ 5.5%€12.7mwithin the sector's middle half▼ 4.3%€13.9mwithin the sector's middle half▲ 9.5%€17.2mwithin the sector's middle half▲ 23.7%
Debt€3.5m▲ 184%€3.8m▲ 8.6%€2.5m▼ 33.7%€2.5m▼ 0.7%€2.5m▲ 0.3%
Working capital€4.2mabove the sector's middle half▼ 14.7%€3.1mabove the sector's middle half▼ 25.5%€3.9mabove the sector's middle half▲ 22.8%€5.1mabove the sector's middle half▲ 31.6%€6.1mabove the sector's middle half▲ 20.3%
Solvency74.9%within the sector's middle half▼ 15.1pp71.2%within the sector's middle half▼ 3.7pp80.0%within the sector's middle half▲ 8.8pp81.9%within the sector's middle half▲ 1.8pp85.3%within the sector's middle half▲ 3.4pp
Current ratio2.20within the sector's middle half▼ 2.781.82within the sector's middle half▼ 0.382.52within the sector's middle half▲ 0.703.01above the sector's middle half▲ 0.493.42above the sector's middle half▲ 0.40
Return on assets (ROA)19.8%above the sector's middle half▼ 26.8pp20.5%above the sector's middle half▲ 0.8pp25.3%above the sector's middle half▲ 4.8pp26.8%above the sector's middle half▲ 1.4pp33.7%above the sector's middle half▲ 6.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €390,522 in 2025 against €100,713 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.2m
Fixed assets
€8.6m ▲ 35.9%
Current assets
€8.6m ▲ 13.7%
Equity and liabilities €17.2m
Equity
€14.7m ▲ 28.9%
Debt
€2.5m ▲ 0.3%
Debt's share of the balance-sheet total falls from 18.1% to 14.7%. Equity and debt are higher.
Key figures and ratios
ROE
39.5%▲
2024 · 32.7%
Debt ≤ 1 year
€2.5m▲
2024 · €2.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €74,000 | €59,000 | €59,062 | €99,000 | €99,000 | = |
| Turnover70 | €24,000 | €35,000 | €35,000 | €75,000 | €75,000 | = |
| Other operating income74 | €50,000 | €24,000 | €24,062 | €24,000 | €24,000 | = |
| Operating charges60/66A | €46,354 | €47,407 | €120,587 | €199,713 | €489,522 | ▲ 145% |
| Services and other goods61 | €44,605 | €45,657 | €118,698 | €95,610 | €82,737 | ▼ 13.5% |
| Other operating charges640/8 | €1,749 | €1,750 | €1,889 | €938 | €3,225 | ▲ 244% |
| Non-recurring operating charges66A | - | - | - | €103,166 | €403,560 | ▲ 291% |
| Operating profit (loss)9901 | €27,646 | €11,593 | -€61,525 | -€100,713 | -€390,522 | ▼ 288% |
| Financial income75/76B | €2.8m | €2.7m | €3.3m | €3.8m | €6.2m | ▲ 61.9% |
| Recurring financial income75 | €2.8m | €2.7m | €3.3m | €3.8m | €5.8m | ▲ 51.5% |
| Income from financial fixed assets750 | €2.4m | €2.7m | €3.2m | €3.7m | €5.7m | ▲ 53.7% |
| Income from current assets751 | €353,217 | €35,739 | €81,943 | €76,388 | €31,344 | ▼ 59.0% |
| Other financial income752/9 | €0 | - | - | - | - | - |
| Non-recurring financial income76B | - | - | - | €4,429 | €403,559 | ▲ 9,012% |
| Financial charges65/66B | €273 | €13,514 | €263 | €289 | €685 | ▲ 137% |
| Recurring financial charges65 | €273 | €13,514 | €263 | €289 | €685 | ▲ 137% |
| Other financial charges652/9 | €273 | €13,514 | €263 | €289 | €685 | ▲ 137% |
| Profit (loss) for the period before taxes9903 | €2.8m | €2.7m | €3.2m | €3.7m | €5.8m | ▲ 55.8% |
| Income taxes67/77 | €15,683 | €8,455 | €4,416 | €873 | - | - |
| Taxes670/3 | €15,683 | €8,455 | €4,416 | €873 | - | - |
| Profit (loss) for the period9904 | €2.8m | €2.7m | €3.2m | €3.7m | €5.8m | ▲ 55.8% |
| Profit (loss) for the period to be appropriated9905 | €2.8m | €2.7m | €3.2m | €3.7m | €5.8m | ▲ 55.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.0m | €13.3m | €12.7m | €13.9m | €17.2m | ▲ 23.7% |
| Fixed assets21/28 | €6.3m | €6.3m | €6.3m | €6.3m | €8.6m | ▲ 35.9% |
| Financial fixed assets28 | €6.3m | €6.3m | €6.3m | €6.3m | €8.6m | ▲ 35.9% |
| Affiliated companies280/1 | €6.3m | €6.3m | €6.3m | €6.3m | €8.6m | ▲ 35.9% |
| Participating interests280 | €6.3m | €6.3m | €6.3m | €6.3m | €8.6m | ▲ 35.9% |
| Current assets29/58 | €7.7m | €7.0m | €6.4m | €7.6m | €8.6m | ▲ 13.7% |
| Amounts receivable within one year40/41 | €2.5m | €2.6m | €3.3m | €3.3m | €4.5m | ▲ 35.9% |
| Trade receivables40 | €29,040 | €308 | €71,390 | €75,000 | €104,040 | ▲ 38.7% |
| Other amounts receivable41 | €2.5m | €2.6m | €3.3m | €3.2m | €4.4m | ▲ 35.8% |
| Current investments50/53 | €1,566 | €11 | €11 | €11 | €11 | = |
| Other investments51/53 | €1,566 | €11 | €11 | €11 | €11 | = |
| Cash at bank and in hand54/58 | €5.1m | €4.2m | €3.0m | €4.2m | €4.1m | ▼ 2.8% |
| Deferred charges and accrued income490/1 | €36,171 | €72,085 | €69,889 | €67,602 | €28,715 | ▼ 57.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.0m | €13.3m | €12.7m | €13.9m | €17.2m | ▲ 23.7% |
| Equity10/15 | €10.5m | €9.4m | €10.2m | €11.4m | €14.7m | ▲ 28.9% |
| Contributions10/11 | €715,100 | €715,100 | €715,100 | €715,100 | €715,100 | = |
| Capital10 | €715,100 | €715,100 | €715,100 | €715,100 | €715,100 | = |
| Issued capital100 | €715,100 | €715,100 | €715,100 | €715,100 | €715,100 | = |
| Reserves13 | €6.5m | €6.5m | €6.5m | €6.5m | €6.5m | = |
| Non-distributable reserves130/1 | €71,510 | €71,510 | €71,510 | €71,510 | €71,510 | = |
| Legal reserve130 | €71,510 | €71,510 | €71,510 | €71,510 | €71,510 | = |
| Distributable reserves133 | €6.4m | €6.4m | €6.4m | €6.4m | €6.4m | = |
| Profit (loss) carried forward14 | €3.3m | €2.3m | €3.0m | €4.2m | €7.5m | ▲ 78.3% |
| Amounts payable17/49 | €3.5m | €3.8m | €2.5m | €2.5m | €2.5m | ▲ 0.3% |
| Amounts payable within one year42/48 | €3.5m | €3.8m | €2.5m | €2.5m | €2.5m | ▲ 0.3% |
| Trade debts44 | €15,288 | €22,466 | €30,926 | €17,462 | €23,208 | ▲ 32.9% |
| Suppliers440/4 | €15,288 | €22,466 | €30,926 | €17,462 | €23,208 | ▲ 32.9% |
| Taxes, remuneration and social security45 | €3,498 | - | €3,416 | - | €714 | - |
| Taxes450/3 | €3,498 | - | €3,416 | - | €714 | - |
| Other amounts payable47/48 | €3.5m | €3.8m | €2.5m | €2.5m | €2.5m | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.8m | €2.7m | €3.2m | €3.7m | €5.8m | ▲ 55.8% |
| Operating cash flow (approximation) | €2.8m | €2.7m | €3.2m | €3.7m | €5.8m | ▲ 55.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2.3m | - |
| Change in cash | - | -€902,122 | -€1.3m | €1.2m | -€116,796 | ▼ 110% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €10mEq €10.2m ▲7.6%
6 profitable years in a row build equity to €10.2m.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
31-12
Financial
Highest result since 2018net €5.8m ▲221%
Net result €5.8m, the highest in the series.
2019
31-12
Financial
Liquidity times 115current ratio 466.06
Current ratio from 4.06 to 466.06; short-term debt falls from €1.6m to €14,746.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 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
19 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, Antwerpen · 1 establishment unit since 1992
Ground area
4,137 m²
Building footprint
3,633 m²
Volume, LiDAR
30,389 m³
Parcel 11462A0098/00E003, Flanders · tallest building 16.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Boomsesteenweg 174, 2610 Antwerpen
since 19922.057.572.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0098/00E003 | Flanders | 4,137 m² | 1 · 3,633 m² | 16.4 m · 3 fl. |
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
5 holdings · 6 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 5
- GUEDENS & VAES INVESTsubsidiaryEquity €641,978Result €6,782100%
- LANDBOUWMACHINES GUEDENS M.subsidiaryEquity €628,881Result -€633,187100%
-
99.98%
-
99%
-
98.33%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- GUEDENS & VAES INVEST 100%
- LANDBOUWMACHINES GUEDENS M. 100%
- VALAAR 99.98%
HILAIRE VAN DER HAEGHE 99%1 subsidiary
- Van der Haeghe BVNL 100%
- AG-TEC 98.33%
According to the 2025 annual accounts of FINNAVAAL 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 24,728 companies in sector 64210 we hold annual accounts for 19,805. 5,002 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-04-1992
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447229485
Also
9925:BE0447229485
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationExtraordinary general meeting
Agenda
Voorstel tot uitbetaling van een tussentijds dividend. De raad van bestuur. (AXPC11005316/08.09) (33275) GOLFINGER, société anonyme, chaussée du Château de la Bawette 5, 1300 WAVRE Numéro d’entreprise 0429.378.814 Assemblée ordinaire au siège social le 24/09/2010, à 11 heures. Ordre du jour : 1) Approbation du rapport du conseil d’administration