FINORIM
ActiveFINORIM has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €288k and a net result of €-42k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 67% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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
Profitability9▲+5
Solvency77▼-5
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.98 in 2024; short-term debt: 35.8% and cash: 0.3% of total assets), and 47.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-42k
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
59 d early
2023
41 d early
2022
4 d early
2021
48 d early
2020
31 d early
2019
10 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€288k▼ 12.7%
2024 · €330k
2018: €307k
2019: €361k
2020: €375k
2021: €325k
2022: €267k
2023: €200k
2024: €330k
2018 → 2025
Total assets
€550k▼ 5.3%
2024 · €581k
2018: €650k
2019: €642k
2020: €625k
2021: €587k
2022: €555k
2023: €585k
2024: €581k
2018 → 2025
Net result
€-42k▲ 40.1%
2024 · €-70k
2018: €87k
2019: €68k
2020: €14k
2021: €-50k
2022: €-59k
2023: €-67k
2024: €-70k
2018 → 2025
Working capital
€-75k▼ 2,063%
2024 · €-3k
2018: €-71k
2019: €-45k
2020: €-37k
2021: €-24k
2022: €-99k
2023: €-201k
2024: €-3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€325k-€267k▼ 18.0%€200k▼ 25.0%€330k▲ 65.1%€288k▼ 12.7%
Operating result€-28k-€-46k▼ 63.5%€-68k▼ 46.8%€-34k▲ 49.9%€-36k▼ 7.1%
Net result€-50k-€-59k▼ 17.7%€-67k▼ 13.9%€-70k▼ 4.8%€-42k▲ 40.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2025 against €34k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €550k
Fixed assets
€428k▼ 2.3%
Current assets
€122k▼ 14.7%
Equity and liabilities €550k
Equity
€288k▼ 12.7%
Debt
€262k▲ 4.3%
The debt ratio rises from 43.2% to 47.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-26k▼
2024 · €-24k
Cash flow
€-32k▲
2024 · €-60k
Solvency
52.4%▼
2024 · 56.8%
Current ratio
0.62▼
2024 · 0.98
Quick ratio
0.62▼
2024 · 0.98
Debt / equity
0.91▲
2024 · 0.76
ROE
-14.5%▲
2024 · -21.2%
ROA
-7.6%▲
2024 · -12.0%
Interest coverage
-5.23▼
2024 · -5.02
Debt
€262k▲
2024 · €251k
Debt ≤ 1 year
€197k▲
2024 · €146k
Debt > 1 year
€65k▼
2024 · €105k
Income taxes
€478▲
2024 · €418
Staff costs
€63k▲
2024 · €60k
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€581k€550k▼
Fixed assets21/28€438k€428k▼
Tangible fixed assets22/27€394k€384k▼
Land and buildings22€394k€384k▼
Financial fixed assets28€44k€44k=
Current assets29/58€143k€122k▼
Amounts receivable after more than one year29€76k€64k▼
Other amounts receivable291€76k€64k▼
Amounts receivable within one year40/41€66k€57k▼
Trade receivables40-€1k
Other amounts receivable41€66k€56k▼
Current investments50/53€1k-
Cash at bank and in hand54/58-€1k
Equity and liabilities
Total equity and liabilities10/49€581k€550k▼
Equity10/15€330k€288k▼
Contributions10/11€149k€149k=
Capital10€149k€149k=
Issued capital100€149k€149k=
Revaluation surpluses12€200k€200k=
Reserves13€15k€15k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Profit (loss) carried forward14€-34k€-76k▼
Amounts payable17/49€251k€262k▲
Amounts payable after more than one year17€105k€65k▼
Financial debts170/4€105k€65k▼
Amounts payable within one year42/48€146k€197k▲
Current portion of amounts payable after more than one year42€41k€43k▲
Financial debts43€73€70k▲
Credit institutions430/8€73€70k▲
Trade debts44€10k€14k▲
Suppliers440/4€10k€14k▲
Taxes, remuneration and social security45€95k€13k▼
Taxes450/3€13k€2k▼
Remuneration and social security454/9€82k€10k▼
Other amounts payable47/48-€58k
Income statement
Code20242025
Remuneration, social security and pensions62€60k€63k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€7k€7k=
Gross operating margin9900€43k€43k▲
Operating profit (loss)9901€-34k€-36k▼
Financial charges65/66B€36k€5k▼
Recurring financial charges65€5k€5k▲
Non-recurring financial charges66B€31k-
Profit (loss) for the period before taxes9903€-69k€-41k▲
Income taxes67/77€418€478▲
Profit (loss) for the period9904€-70k€-42k▲
Profit (loss) for the period to be appropriated9905€-70k€-42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-76k▼
Profit (loss) brought forward from the previous period14P€36k€-34k▼
The notes to these accounts (12 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
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-70k
Net result drops to €-70k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €330k ▲65.1%
Equity rises from €200k to €330k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
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.
Directors · office · real estate
Directors
4 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, Sint-Joost-ten-Node · 1 establishment unit since 1988
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.
Bonneelsstraat 131210 Sint-Joost-ten-NodeGround area
1,389 m²
Building footprint
1,394 m²
Volume, LiDAR
8,220 m³
Parcel 21572B0082/00F005, Brussels · tallest building 17.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bonneelsstraat 13, 1210 Sint-Joost-ten-Node
since 19882.040.792.601
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572B0082/00F005 | Brussels | 1,389 m² | 1 · 1,394 m² | 17.0 m · 2 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.
Similar companies · same sector, comparable size
OSTERRIETH INVEST
BE 0866.408.651
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ILJAD
BE 0887.840.604
Lommel · Eq €288k
TERRA PROJECTS
BE 0881.231.439
Incourt · Eq €288k
M & M HOME REAL ESTATE
BE 0589.939.647
Charleroi · Eq €289k
immopunt
BE 0461.433.750
Tienen · Eq €289k
Of 11,749 companies in sector 68310 we hold annual accounts for 6,907. 4,988 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-09-1988
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70200Business and other management consultancy
70220Business consulting
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.