FINOCAS
ActiveSummary
FINOCAS has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €576.6m and a net result of €5.7m. Equity has been growing by about 12% per year since 2018. Its solvency ranks better than 95% of 145 sector peers (NACE 24, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 28-05-1986 Normal situation
- Activity
- Manufacture of basic metals NACE 24510and 1 other
- Establishment units
- 2.036.541.031 9060 Zelzate, since 06-05-1996
- 2.344.575.122 9052 Gent, since 01-10-2017and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 20-10-2025
Board and ownership
Board
- Jan CornelisDirector
- ArcelorMittal Holding and Services BelgiumDirector · permanent representative K. VERBEECK
- Jan De CraenDirector
- Auditor
- EY Bedrijfsrevisoren
Shareholders
- ARCELORMITTAL SAconsolidatesannual accounts 2025
- ARCELORMITTAL HOLDING AND SERVICES BELGIUM40.49%· score 892025 annual accounts of ARCELORMITTAL HOLDING AND SERVICES BELGIUM
- ARCELORMITTAL BELGIUM10%· score 822025 annual accounts of ARCELORMITTAL BELGIUM
- Holdings
- Shares in 4 companies including ENDURES and FININDUS
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Turnover
- €6.9m
- ▼ 1.0%
- Profit
- €5.7m
- ▲ 34.8%
- Equity
- €576.6m
- ▲ 1.0%
- Total assets
- €578.5m
- ▲ 0.9%
- Employees on 31-12-2025
- 26
- ▲ 13.0%
Filed on 18-05-2026, 74 days before the deadline
Score breakdownraises riskLiquidity: current ratio 207.22, cash €9,718Sector: Manufacture of basic metals (NACE 24)lowers riskFounded in 1986Size: turnover €6.9m, 22.3 FTE, total assets €578.5mShow the evidence
Checked score
Score 2025
90
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 54% of small companies in basic metals (NACE 24)
Financial strength · tick: 2024
Average
Solvency
100=
equity 99.7% of total assets
Liquidity
50=
short-term debt 0.3% · cash 0.0%
Profitability
15-2
return on assets 1.0%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025highest value
06-2025: 0.2%● unchanged vs 05-2025lowest value
07-2025: 0.2%● unchanged vs 06-2025lowest value
08-2025: 0.2%● unchanged vs 07-2025lowest value
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026highest value
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €650,000 on 30-day terms is acceptable
Short-term debt is 0.3% and cash 0% of total assets. 0.3% of the assets are financed with debt and provisions.
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 24, small). It does better than 92% of them on solvency, 63% on liquidity, 17% on profitability and 44% on growth.
The bankruptcy probability was computed on 01-11-2026 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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Signals
Five signals.
lowers riskraises riskneutral
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 days early
2024
73 days early
2023
64 days early
2022
67 days early
2021
74 days early
2020
66 days early
2019
74 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 70 days before the deadline. In the sector (NACE 24), the median for financial year 2024 was 15 days before the deadline, and 29% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Positive: Largest company by total assets in Zelzatein the Checked rankings No. 1 View
- Board changedlatest change 11-09-2026 · 9 in office 2 joined · 2 left View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Positive: Result rose in 2025from €4.2m to €5.7m ▲ 34.8% View
Recent changes
- · Gazette deed Resignations: Ilse Evenepoel (class A director) and Marc De Pauw (class A director)Reappointments: Davy Scherlippens, Koen Devoldere and 4 others · Permanent representative: K. VERBEECK · Appointments: Jan De Craen (class A director) and Jan Schaerlakens (class A director)
- · Gazette deed Appointment: EY Bedrijfsrevisoren (company auditor)Permanent representative: Evelien De Groote
- · Gazette deed Resignation: Koen Mols (director)Appointment: ArcelorMittal Holding and Services Belgium (director) · Permanent representative: Kristof Verbeeck
Companies linked to FINOCAS
Comparable companies
These companies have the same main activity as FINOCAS: manufacture of basic metals (NACE 24510). They are comparable in size and age: total assets between €61m and €337m, founded between 1920 and 2003.
| Company | Total assets | Turnover |
|---|---|---|
| FINOCAS Zelzate | €578.5m | €6.9m |
| OMCO INTERNATIONAL Aalter | €74.6m | €79.3m |
| MAGOTTEAUX INTERNATIONAL Chaudfontaine | €337.1m | €51.5m |
| PROFERRO Ieper | €61.0m | €103.1m |
Key facts about FINOCAS
- What is the company number of FINOCAS?
- The company number of FINOCAS is 0428.920.241. The VAT number is the same number with BE in front: BE 0428.920.241.
- Where is FINOCAS based?
- The registered office is at Pres. J.F. Kennedylaan 3, 9060 Zelzate.Company details
- What does FINOCAS do?
- According to the KBO register, the main activity is manufacture of basic metals (NACE 24510).
- What is the legal form of FINOCAS?
- The legal form of FINOCAS is Public limited company (NV).
- When was FINOCAS founded?
- FINOCAS was founded on 28-05-1986.
- Is FINOCAS still active?
- Yes, FINOCAS is an active enterprise in the KBO register.
- How many employees does FINOCAS have?
- FINOCAS had an average of 22.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of FINOCAS?
- The turnover of FINOCAS was €6.9m in financial year 2025, according to the filed annual accounts.
- Is FINOCAS profitable?
- In financial year 2025, FINOCAS made a profit of €5.7m.
- Where can I find the annual accounts of FINOCAS?
- FINOCAS filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FINOCAS due?
- FINOCAS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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