FINOA
ActiveThe file of FINOA contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 1.7% (moderate). The 2025 annual accounts show equity of €149k and a net result of €5k. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 38% of 27787 sector peers (fiscal year 2025).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-4
Solvency62=
Growth35▼-17
Track record85
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.56 against 1.58 in 2024; short-term debt: 63.4% and cash: 9.8% of total assets), but 63.4% 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 · 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
36.6%
Return on assets
1.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-08-2025, 153 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
153 d early
2024
210 d late
2023
576 d late
2022
505 d late
2021
240 d late
2020
5 d late
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€36k▼ 59.6%
2024 · €90k
2019: €841k
2020: €692k
2021: €336k
2022: €350k
2023: €212k
2024: €90k
2019 → 2025
EBIT margin
23.8%▼ 15.7pp
2024 · 39.5%
2019: 3.7%
2020: 2.5%
2021: 18.6%
2022: 7.2%
2023: 8.9%
2024: 39.5%
2019 → 2025
Net result
€5k▼ 80.6%
2024 · €24k
2019: €13k
2020: €14k
2021: €40k
2022: €-2k
2023: €38k
2024: €24k
2019 → 2025
Working capital
€144k▲ 1.9%
2024 · €141k
2019: €26k
2020: €43k
2021: €84k
2022: €81k
2023: €116k
2024: €141k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€336k-€350k▲ 4.1%€212k▼ 39.3%€90k▼ 57.6%€36k▼ 59.6%
Equity€85k-€83k▼ 2.1%€120k▲ 45.3%€144k▲ 19.8%€149k▲ 3.2%
Operating result€63k-€25k▼ 59.6%€19k▼ 25.6%€36k▲ 89.3%€9k▼ 75.6%
Net result€40k-€-2k€38k€24k▼ 36.6%€5k▼ 80.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €406k
Fixed assets
€5k▲ 60.8%
Current assets
€401k▲ 4.2%
Equity and liabilities €406k
Equity
€149k▲ 3.2%
Debt
€258k▲ 5.6%
The debt ratio rises from 62.8% to 63.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €37k
Cash flow
€7k▼
2024 · €26k
Solvency
36.6%▼
2024 · 37.2%
Current ratio
1.56▼
2024 · 1.58
Quick ratio
1.56▼
2024 · 1.58
Debt / equity
1.73▲
2024 · 1.69
ROE
3.1%▼
2024 · 16.5%
ROA
1.1%▼
2024 · 6.1%
Interest coverage
16.76▼
2024 · 66.02
Debt
€258k▲
2024 · €244k
Debt ≤ 1 year
€258k▲
2024 · €244k
Income taxes
€3k▼
2024 · €11k
Staff costs
€118▲
2024 · €97
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 2024
Balance sheet
Code20242025
Assets
Total assets20/58€388k€406k▲
Fixed assets21/28€3k€5k▲
Tangible fixed assets22/27€3k€5k▲
Furniture and vehicles24€3k€5k▲
Current assets29/58€385k€401k▲
Amounts receivable within one year40/41€345k€361k▲
Trade receivables40€327k€331k▲
Other amounts receivable41€18k€29k▲
Cash at bank and in hand54/58€40k€40k▲
Deferred charges and accrued income490/1€332€332=
Equity and liabilities
Total equity and liabilities10/49€388k€406k▲
Equity10/15€144k€149k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€124k€128k▲
Amounts payable17/49€244k€258k▲
Amounts payable within one year42/48€244k€258k▲
Financial debts43€4k€2k▼
Credit institutions430/8€4k€2k▼
Trade debts44€106k€119k▲
Suppliers440/4€106k€119k▲
Taxes, remuneration and social security45€84k€89k▲
Taxes450/3€84k€89k▲
Other amounts payable47/48€50k€47k▼
Income statement
Code20242025
Turnover70€90k€36k▼
Non-recurring operating income76A€3k€2k▼
Goods, raw materials, services and sundry goods60/61€55k€26k▼
Remuneration, social security and pensions62€97€118▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€683€1k▲
Gross operating margin9900€38k€12k▼
Operating profit (loss)9901€36k€9k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€568€638▲
Recurring financial charges65€568€638▲
Profit (loss) for the period before taxes9903€35k€8k▼
Income taxes67/77€11k€3k▼
Profit (loss) for the period9904€24k€5k▼
Profit (loss) for the period to be appropriated9905€24k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€124k€128k▲
Profit (loss) brought forward from the previous period14P€100k€124k▲
The notes to these accounts (5 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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 210 days late
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 576 days late
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 505 days late
2023
30-06
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
30-06
Financial
Equity above €100kEq €120k ▲45.3%
Equity rises from €83k to €120k.
2022
15-12
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · FINOA SPRL RUE DE LA PROCESSION 49, 1070 ANDERLECHT. déclarée le 12 septembre 2022 · event 17-10-2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 240 days late
19-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · FINOA SPRL RUE DE LA PROCES- SION 49, 1070 ANDERLECHT · event 12-09-2022
30-06
Financial
Weakest financial yearnet €-2k ▼104%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
2021
30-06
Financial
Highest result since 2019net €40k ▲176%
Operating result €63k, net result €40k, both a record.
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Anderlecht · 1 establishment unit since 2015
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.
Processiestraat 491070 AnderlechtGround area
270 m²
Building footprint
104 m²
Volume, LiDAR
1,357 m³
Parcel 21001A0660/00W002, Brussels · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FINOA
since 20152.243.893.377
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0660/00W002 | Brussels | 270 m² | 1 · 104 m² | 17.3 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BOURTEMBOURG AVENUE
LOUISE 283/19, 1050 IXELLES- christophe.bourtembourg@everest-
law.eu |
12-09-2022 → present |
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 2,992 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-07-2015
Fiscal year end30-06
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.