FINNIX
ActiveSummary
The computed 12-month bankruptcy probability of FINNIX is 1.6% (moderate). The 2025 annual accounts show equity of €21,702 and a net result of €30,483. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 28% of 34,954 sector peers (NACE 43, financial year 2025). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-11-2016 Normal situation
- Activity
- Plumbing work NACE 43221and 2 others
- Establishment unit
- 2.286.048.290 since 16-11-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 04-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.6%
- Gross margin
- €43,014
- Turnover
- ≈ €230,000
- estimated
- Profit
- €30,483
- Equity
- €21,702
- Total assets
- €83,574
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 1 of the last 3 accounts lateLiquidity: current ratio 1.33, cash €977Sector: Specialised construction activities (NACE 43)Size: total assets €83,574Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 27% of them on solvency, 7% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 43), the median for financial year 2023 was 1 day before the deadline, and 44% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00465530.
Annual accounts 2025 filed on 31-08-2026 PDF all 8 filings
Every figure per financial year
The operating result for 2025 is €37,655, against €11,251 in 2023. Comparable figures for the intervening years are unavailable.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2025 |
|---|---|---|---|---|
| Financial fixed assets | - | - | - | €0 |
| Depreciation and write-downs of the year | €8,293 | €1,466 | €1,021 | €979 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €5,500 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €206 | €10 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,367 | €5,240 | €6,350 | €8,293 | €1,466 | €1,021 | €979 | - |
| Other operating charges640/8 | - | - | - | €2,498 | €1,670 | €2,505 | €4,380 | - |
| Non-recurring operating charges66A | - | - | - | €495 | €1,820 | €0 | - | - |
| Gross operating margin9900 | €20,327 | €18,704 | -€5,919 | -€34,262 | -€5,024 | €14,787 | €43,014 | - |
| Operating profit (loss)9901 | €14,174 | €12,188 | -€19,255 | -€45,547 | -€10,186 | €11,251 | €37,655 | - |
| Financial income75/76B | - | - | - | €251 | €326 | €0 | €2,725 | - |
| Recurring financial income75 | €20 | - | - | €251 | €326 | €0 | €2,725 | - |
| Financial charges65/66B | - | - | - | €1,923 | €6,594 | €2,286 | €2,366 | - |
| Recurring financial charges65 | €589 | €1,143 | €4,511 | €1,923 | €6,594 | €2,286 | €2,366 | - |
| Profit (loss) for the period before taxes9903 | €13,604 | €11,045 | -€23,766 | -€47,220 | -€16,454 | €8,965 | €38,014 | - |
| Income taxes67/77 | €3,964 | €3,336 | €2,381 | €0 | - | - | €7,530 | - |
| Profit (loss) for the period9904 | €9,640 | €7,709 | -€26,147 | -€47,220 | -€16,454 | €8,965 | €30,483 | - |
| Profit (loss) for the period to be appropriated9905 | €9,640 | €7,709 | -€26,147 | -€47,220 | -€16,454 | €8,965 | €30,483 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €79,647 | €151,824 | €121,609 | €50,692 | €19,758 | €9,911 | €83,574 | - |
| Fixed assets21/28 | €15,684 | €10,444 | €25,999 | €17,706 | €4,503 | €3,482 | €1,482 | - |
| Tangible fixed assets22/27 | €14,202 | €8,962 | €24,517 | €16,224 | €3,021 | €2,000 | €0 | - |
| Plant, machinery and equipment23 | - | - | - | €445 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €15,779 | €3,021 | €2,000 | €0 | - |
| Financial fixed assets28 | €1,482 | €1,482 | €1,482 | €1,482 | €1,482 | €1,482 | €1,482 | - |
| Current assets29/58 | €63,963 | €141,381 | €95,610 | €32,986 | €15,255 | €6,429 | €82,092 | - |
| Stocks and contracts in progress3 | €9,586 | €8,959 | €2,748 | €2,748 | €2,748 | €0 | - | - |
| Stocks30/36 | - | - | - | €2,748 | €2,748 | €0 | - | - |
| Amounts receivable within one year40/41 | €33,752 | €121,867 | €91,266 | €28,757 | €9,706 | €6,364 | €80,998 | - |
| Trade receivables40 | - | - | - | €26,980 | €5,530 | €6,330 | €3,951 | - |
| Other amounts receivable41 | - | - | - | €1,777 | €4,175 | €34 | €77,046 | - |
| Cash at bank and in hand54/58 | €14,624 | €5,555 | €1,596 | €1,481 | €2,801 | €65 | €977 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €117 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €79,647 | €151,824 | €121,609 | €50,692 | €19,758 | €9,911 | €83,574 | - |
| Equity10/15 | €26,686 | €34,395 | €8,248 | -€38,972 | -€55,426 | -€46,461 | €21,702 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | - |
| Reserves13 | €20,486 | €28,195 | €28,195 | €28,195 | €28,195 | €28,195 | €28,195 | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Distributable reserves133 | - | - | - | €26,335 | €26,335 | €26,335 | €26,335 | - |
| Profit (loss) carried forward14 | - | - | -€26,147 | -€73,367 | -€89,821 | -€80,856 | -€12,693 | - |
| Amounts payable17/49 | €52,961 | €117,429 | €113,361 | €89,664 | €75,183 | €56,372 | €61,872 | - |
| Amounts payable after more than one year17 | €9,523 | €5,324 | €15,225 | €10,184 | €6,155 | €2,067 | - | - |
| Financial debts170/4 | - | - | - | €10,184 | €6,155 | €2,067 | - | - |
| Amounts payable within one year42/48 | €43,238 | €111,906 | €98,136 | €79,480 | €69,028 | €54,305 | €61,872 | - |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,041 | €4,029 | €4,088 | €0 | - |
| Financial debts43 | - | - | - | €314 | €858 | €934 | - | - |
| Credit institutions430/8 | - | - | - | €314 | €858 | €934 | - | - |
| Trade debts44 | €25,982 | €58,272 | €79,789 | €63,874 | €48,889 | €37,619 | €23,586 | - |
| Suppliers440/4 | - | - | - | €63,874 | €48,889 | €37,619 | €23,586 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,671 | €0 | €4,497 | €38,287 | - |
| Taxes450/3 | - | - | - | €2,671 | €0 | €4,497 | €38,287 | - |
| Other amounts payable47/48 | - | - | - | €7,580 | €15,253 | €7,167 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,640 | €7,709 | -€26,147 | -€47,220 | -€16,454 | €8,965 | €30,483 | - |
| + Depreciation and write-downs630 | €5,367 | €5,240 | €6,350 | €8,293 | €1,466 | €1,021 | €979 | - |
| Operating cash flow (approximation) | €15,008 | €12,949 | -€19,797 | -€38,927 | -€14,988 | €9,986 | €31,462 | - |
| Investment in fixed assets (approximation) | - | €0 | -€21,905 | €0 | €11,737 | €0 | - | - |
| Change in cash | - | -€9,070 | -€3,959 | -€115 | €1,320 | -€2,735 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,713 companies had the same profile as FINNIX has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FINNIX itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for FINNIX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00465530 | |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00384751 | |
| 31-12-2022 | micro format | 24-08-2023 | 2023-00363890 | |
| 31-12-2021 | micro format | 05-10-2022 | 2022-20456484 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43800486 | |
| 31-12-2019 | micro format | 27-07-2020 | 2020-34800236 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-38700372 | |
| 31-12-2017 | micro format | 25-07-2018 | 2018-38600069 |
Board & ownership
Directors
Owners and capital
Shareholders
- Sil VERLOOVE all shares
Capital transactions
- 02-07-2024 Converted to unavailable equity
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Sil VERLOOVE |
|
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, 186”
Articles of association, deed of 02-07-2024 (in Dutch)
Network & group
Companies at the same address
7 other companies- WHEELIX Registered office · since 2026 1036348988
- S&S Registered office · since 2025 1018890572
- KASSE Registered office · since 2023 1002074237
- Vlaeminck, Jens (sole trader) Establishment · since 2020 0743987426
- Tjop's Resto Registered office · since 2019 0735893765
- KIPS GEERT Establishment · since 2018 0866205743
- Schollier, Stefaan (sole trader) Establishment · since 2009 0816942611
Connections & network
See the function holders in the KBO register.
Timeline
Acts, filings and financial milestones
02-07
Gazette deed
Change of role: Sil VERLOOVE, from manager to directorAmendment of the articles · Capital conversion · Reserve release13 points ▸
- General meeting, 25-06-2024
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening aangelegd bij toepassing van artikel 39, §2, derde lid, opheffing en beschikbaar maken voor uitkering” (deed in Dutch)
- Purpose change
- Registered office clause, “adres buiten statuten,vermelding in statuten beperkt tot gewest, 8460 Oudenburg, Brugsesteenweg 201 bus 5” (deed in Dutch)
- Other provision, “website en e-mailadres op KBO” (deed in Dutch)
- Director resignation, Sil VERLOOVE (manager)
- Director appointment, Sil VERLOOVE (director (not named in the articles))
- Board composition, Sil VERLOOVE (director)
- Director discharge, Sil VERLOOVE (ontslagnemende zaakvoerder)
- Other provision, “stortingsplicht” (deed in Dutch)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0666.409.596
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35015A0466/00V000 | Flanders | 6,960 m² | 1 · 1,071 m² | 3.5 m |
| 31041A0462/00R000 | Flanders | 1,402 m² | 1 · 990 m² | 12.2 m · 2 |