FINOFAB
ActiveSummary
FINOFAB has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,215 and a net result of €57,130. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency61▼-8
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.46 in 2024; short-term debt: 63.6% and cash: 79.5% of total assets), and 63.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
36.4%
Return on assets
55.9%
Age of the figures
9 mo
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 31-03-2026, 122 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
122 d early
2024
4 d late
2023
5 d late
2022
24 d late
2021
4 d early
2020
9 d late
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 4 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€37,215▼ 24.8%
2024 · €49,505
Total assets
€102,183▼ 8.7%
2024 · €111,977
Net result
€57,130▼ 2.0%
2024 · €58,267
Working capital
€16,606▼ 42.7%
2024 · €28,975
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€67,087▼ 1.7%€67,665▲ 0.9%€78,335▲ 15.8%€73,607▼ 6.0%€73,242▼ 0.5%
Net result€53,805within the sector's middle half▼ 4.6%€53,608within the sector's middle half▼ 0.4%€61,278within the sector's middle half▲ 14.3%€58,267within the sector's middle half▼ 4.9%€57,130within the sector's middle half▼ 2.0%
Equity€45,302within the sector's middle half▲ 9.2%€40,960within the sector's middle half▼ 9.6%€52,238within the sector's middle half▲ 27.5%€49,505within the sector's middle half▼ 5.2%€37,215within the sector's middle half▼ 24.8%
Total assets€106,451within the sector's middle half▼ 22.9%€109,094within the sector's middle half▲ 2.5%€117,695within the sector's middle half▲ 7.9%€111,977within the sector's middle half▼ 4.9%€102,183within the sector's middle half▼ 8.7%
Debt€61,149▼ 36.6%€68,134▲ 11.4%€65,457▼ 3.9%€62,472▼ 4.6%€64,968▲ 4.0%
Working capital€4,387within the sector's middle half▲ 59.6%€5,592within the sector's middle half▲ 27.5%€24,212within the sector's middle half▲ 333%€28,975within the sector's middle half▲ 19.7%€16,606within the sector's middle half▼ 42.7%
Solvency42.6%within the sector's middle half▲ 12.5pp37.5%within the sector's middle half▼ 5.0pp44.4%within the sector's middle half▲ 6.8pp44.2%within the sector's middle half▼ 0.2pp36.4%within the sector's middle half▼ 7.8pp
Current ratio1.07within the sector's middle half▲ 0.041.08within the sector's middle half▲ 0.011.37within the sector's middle half▲ 0.291.46within the sector's middle half▲ 0.091.26within the sector's middle half▼ 0.21
Return on assets (ROA)50.5%above the sector's middle half▲ 9.7pp49.1%above the sector's middle half▼ 1.4pp52.1%above the sector's middle half▲ 2.9pp52.0%above the sector's middle half=55.9%above the sector's middle half▲ 3.9pp
Staff (FTE)0.41▲ 150%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,183
Fixed assets
€20,609 ▲ 0.4%
Current assets
€81,574 ▼ 10.8%
Equity and liabilities €102,183
Equity
€37,215 ▼ 24.8%
Debt
€64,968 ▲ 4.0%
Debt's share of the balance-sheet total rises from 55.8% to 63.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€84,725▲
2024 · €82,662
Cash flow
€68,613▲
2024 · €67,321
Debt to equity
1.75▲
2024 · 1.26
ROE
153.5%▲
2024 · 117.7%
Interest coverage
44.24▼
2024 · 55.12
Debt ≤ 1 year
€64,968▲
2024 · €62,472
Income taxes
€15,303▲
2024 · €14,593
Staff costs
€49,123▲
2024 · €18,008
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €18,008 | €49,123 | ▲ 173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,731 | €8,821 | €8,640 | €9,055 | €11,483 | ▲ 26.8% |
| Other operating charges640/8 | €348 | €789 | €477 | €649 | €604 | ▼ 7.0% |
| Gross operating margin9900 | €75,166 | €77,274 | €87,452 | €101,319 | €134,452 | ▲ 32.7% |
| Operating profit (loss)9901 | €67,087 | €67,665 | €78,335 | €73,607 | €73,242 | ▼ 0.5% |
| Financial income75/76B | €2,130 | €3,006 | €1,647 | €752 | €1,107 | ▲ 47.1% |
| Recurring financial income75 | €2,130 | €3,006 | €1,647 | €752 | €1,107 | ▲ 47.1% |
| Financial charges65/66B | €1,857 | €1,648 | €1,346 | €1,500 | €1,915 | ▲ 27.7% |
| Recurring financial charges65 | €1,857 | €1,648 | €1,346 | €1,500 | €1,915 | ▲ 27.7% |
| Profit (loss) for the period before taxes9903 | €67,360 | €69,023 | €78,636 | €72,860 | €72,433 | ▼ 0.6% |
| Income taxes67/77 | €13,555 | €15,414 | €17,357 | €14,593 | €15,303 | ▲ 4.9% |
| Profit (loss) for the period9904 | €53,805 | €53,608 | €61,278 | €58,267 | €57,130 | ▼ 2.0% |
| Profit (loss) for the period to be appropriated9905 | €53,805 | €53,608 | €61,278 | €58,267 | €57,130 | ▼ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106,451 | €109,094 | €117,695 | €111,977 | €102,183 | ▼ 8.7% |
| Fixed assets21/28 | €40,915 | €35,368 | €28,026 | €20,530 | €20,609 | ▲ 0.4% |
| Tangible fixed assets22/27 | €40,844 | €35,297 | €27,955 | €20,261 | €20,340 | ▲ 0.4% |
| Furniture and vehicles24 | €6,018 | €5,346 | €4,759 | €3,819 | €9,363 | ▲ 145% |
| Other tangible fixed assets26 | €34,825 | €29,951 | €23,196 | €16,442 | €10,977 | ▼ 33.2% |
| Financial fixed assets28 | €71 | €71 | €71 | €270 | €270 | = |
| Current assets29/58 | €65,536 | €73,726 | €89,669 | €91,447 | €81,574 | ▼ 10.8% |
| Amounts receivable within one year40/41 | €21,021 | €29,418 | €20,418 | €7,624 | €0 | ▼ 100% |
| Trade receivables40 | €2,536 | €177 | €0 | €1,254 | €0 | ▼ 100% |
| Other amounts receivable41 | €18,485 | €29,241 | €20,418 | €6,370 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €41,257 | €40,516 | €68,802 | €83,521 | €81,267 | ▼ 2.7% |
| Deferred charges and accrued income490/1 | €3,257 | €3,792 | €449 | €302 | €306 | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106,451 | €109,094 | €117,695 | €111,977 | €102,183 | ▼ 8.7% |
| Equity10/15 | €45,302 | €40,960 | €52,238 | €49,505 | €37,215 | ▼ 24.8% |
| Contributions10/11 | €37,200 | €37,200 | €37,200 | €37,200 | €37,200 | = |
| Reserves13 | €3,720 | €3,720 | €3,720 | €3,720 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | €3,720 | €3,720 | €0 | - | - | - |
| Reserves not available under the articles1311 | €3,720 | €3,720 | €0 | - | - | - |
| Distributable reserves133 | - | - | €3,720 | €3,720 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €4,382 | €40 | €11,318 | €8,585 | €15 | ▼ 99.8% |
| Amounts payable17/49 | €61,149 | €68,134 | €65,457 | €62,472 | €64,968 | ▲ 4.0% |
| Amounts payable within one year42/48 | €61,149 | €68,134 | €65,457 | €62,472 | €64,968 | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | €3,579 | €0 | - | - | - | - |
| Trade debts44 | €7,560 | €5,149 | €1,686 | €4,973 | €8,260 | ▲ 66.1% |
| Suppliers440/4 | €7,560 | €5,149 | €1,686 | €4,973 | €8,260 | ▲ 66.1% |
| Taxes, remuneration and social security45 | €10 | €5,036 | €13,771 | €7,499 | €13,455 | ▲ 79.4% |
| Taxes450/3 | €10 | €5,036 | €13,771 | €5,348 | €7,492 | ▲ 40.1% |
| Remuneration and social security454/9 | - | - | - | €2,150 | €5,963 | ▲ 177% |
| Other amounts payable47/48 | €50,000 | €57,950 | €50,000 | €50,000 | €43,253 | ▼ 13.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,805 | €53,608 | €61,278 | €58,267 | €57,130 | ▼ 2.0% |
| + Depreciation and write-downs630 | €7,731 | €8,821 | €8,640 | €9,055 | €11,483 | ▲ 26.8% |
| Operating cash flow (approximation) | €61,536 | €62,429 | €69,918 | €67,321 | €68,613 | ▲ 1.9% |
| Investment in fixed assets (approximation) | - | -€3,274 | -€1,298 | -€1,559 | -€11,562 | ▼ 642% |
| Change in cash | - | -€741 | €28,285 | €14,719 | -€2,253 | ▼ 115% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
31-12
Financial
Highest result since 2018net €63,900 ▲58.1%
Operating result €78,748, net result €63,900, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Chaudfontaine · 1 establishment unit since 2011
Ground area
1,131 m²
Building footprint
282 m²
Parcel 62104A0016/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Chaudthier 88, 4051 Chaudfontaine
since 20112.194.571.748
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62104A0016/00F000 | Wallonia | 1,131 m² | 1 · 282 m² | - |
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.
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,519. 1,929 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
82100Office administrative and support services
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0832476665
Also
9925:BE0832476665
Registered
24-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.