FINPAY CONSULTING
ActiveSummary
FINPAY CONSULTING has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119,111 and a net result of €46,855. Its solvency ranks better than 73% of 21,064 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €119,111
- Profit
- €46,855
- FIROZ RiazDirector
Why 97raises riskFounded in 2023lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 4.75, cash €41,779Equity €119,111 (78.8% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 62, micro): better than 85% on solvency, 61% on liquidity, 82% on profitability and 83% on growth.
The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 8 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €100,000equity €119,111 ▲64.8%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 35% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 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% | 1.8% |
| 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 74.5% 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 39,278 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98 | €1,259 | ▲ 1,184% |
| Other operating charges640/8 | - | €740 | - |
| Gross operating margin9900 | €87,211 | €59,057 | ▼ 32.3% |
| Operating profit (loss)9901 | €87,113 | €57,058 | ▼ 34.5% |
| Financial income75/76B | €1,526 | €3,884 | ▲ 155% |
| Recurring financial income75 | €1,526 | €3,884 | ▲ 155% |
| Financial charges65/66B | €167 | €675 | ▲ 305% |
| Recurring financial charges65 | €167 | €675 | ▲ 305% |
| Profit (loss) for the period before taxes9903 | €88,472 | €60,267 | ▼ 31.9% |
| Income taxes67/77 | €18,216 | €13,412 | ▼ 26.4% |
| Profit (loss) for the period9904 | €70,256 | €46,855 | ▼ 33.3% |
| Profit (loss) for the period to be appropriated9905 | €70,256 | €46,855 | ▼ 33.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €107,480 | €151,125 | ▲ 40.6% |
| Fixed assets21/28 | €456 | €3,834 | ▲ 741% |
| Tangible fixed assets22/27 | €456 | €3,834 | ▲ 741% |
| Furniture and vehicles24 | €456 | €3,834 | ▲ 741% |
| Current assets29/58 | €107,024 | €147,291 | ▲ 37.6% |
| Amounts receivable within one year40/41 | €52,119 | €105,262 | ▲ 102% |
| Trade receivables40 | €16,698 | €15,180 | ▼ 9.1% |
| Other amounts receivable41 | €35,421 | €90,082 | ▲ 154% |
| Cash at bank and in hand54/58 | €54,761 | €41,779 | ▼ 23.7% |
| Deferred charges and accrued income490/1 | €144 | €250 | ▲ 73.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €107,480 | €151,125 | ▲ 40.6% |
| Equity10/15 | €72,256 | €119,111 | ▲ 64.8% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €70,256 | €117,111 | ▲ 66.7% |
| Amounts payable17/49 | €35,224 | €32,014 | ▼ 9.1% |
| Amounts payable within one year42/48 | €34,224 | €31,014 | ▼ 9.4% |
| Trade debts44 | €4,924 | €823 | ▼ 83.3% |
| Suppliers440/4 | €4,924 | €823 | ▼ 83.3% |
| Taxes, remuneration and social security45 | €29,300 | €30,191 | ▲ 3.0% |
| Taxes450/3 | €29,300 | €30,191 | ▲ 3.0% |
| Accrued charges and deferred income492/3 | €1,000 | €1,000 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €70,256 | €46,855 | ▼ 33.3% |
| + Depreciation and write-downs630 | €98 | €1,259 | ▲ 1,184% |
| Operating cash flow (approximation) | €70,354 | €48,113 | ▼ 31.6% |
| Investment in fixed assets (approximation) | - | -€4,637 | - |
| Change in cash | - | -€12,982 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00034570 |
| 30-06-2024 | micro format | 18-02-2025 | 2025-00035951 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| FIROZ Riaz |
|
Owners and capital
Capital and shareholders
- FIROZ Riaz 100 shares (100%) · in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 22-12-2023 Incorporation · €2,000 · 100 shares
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
22-12
Gazette deed
IncorporationAppointment: FIROZ Riaz (director) · Founder · Founding capital14 facts ▸
- Incorporation, “FINPAY CONSULTING” (deed in French)
- Founder, FIROZ Riaz
- Founding capital, €2,000
- Other provision, “plan financier préalable, capitaux propres de départ justifiés” (deed in French)
- Other provision, “avertissement sur responsabilité des fondateurs, faillite dans les trois ans de la constitution” (deed in French)
- Capital
- Other provision, “ne deviendront effectives qu'à dater du dépôt au greffe d'une expédition de l'acte constitutif, conformément à la loi, prise d'effet dispositions finales” (deed in French)
- Registered office clause, “Etterbeek (1040 Bruxelles) chaussée de Wavre, 702 boîte 3” (deed in French)
- Board rule, 1
- Director appointment, FIROZ Riaz (director (not named in the articles))
- Pre-incorporation commitments, “takeover, tous engagements et obligations en résultant, et toutes activités entreprises par l'un ou l'autre des comparants au nom et pour compte de société en f…” (deed in French)
- Other provision, “frais constitution et autorisations”, 1300 (deed in French)
- +2 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21362B0032/00E000 | Brussels | 274 m² | 1 · 255 m² | 17.6 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes activités qui couvrent le secteur de la consultance, en Belgique ou à l'étranger, pour compte propre ou pour le compte d’autrui, par…” (deed in French)
13 activities (deed in French)
- Toutes activités qui couvrent le secteur de la consultance, en Belgique ou à l'étranger, pour compte propre ou pour le compte d’autrui, par et avec autrui, toute contribution à l'établissement et au développement d'entreprises et en particulier, de dispenser des avis en matière d'ingénierie, d'IT, de communication, de finances, de technique, de marketing, de commerce ou d'administration, dans le sens le plus large du terme, fournir des conseils, son assistance et exécuter des services directement ou indirectement sur le plan de l'administration et des finances, de la vente, de la production, des techniques d’organisation et de distributions commerciales, et plus généralement de la gestion en général et de l’exercice de toutes activités de services et de management au sens le plus large de ces termes à toutes personnes physiques ou morales quelconques
- Exécuter tous mandats sous forme d'études d'organisation, d'expertises, d'actes et de conseils techniques ou autres dans tout domaine rentrant dans son objet social
- La consultance informatique et les conseils informatiques, la création de logiciels, ainsi que la vente en gros ou au détail de tout matériel informatique
- La réalisation de projets informatiques et techniques, les conseils, services, fournitures relatives à l'informatique ou à la télécommunication, en ce compris le conseil, l'analyse, la réalisation, la documentation, le support, le courtage, l'achat, la vente, l'import, l'export, la représentation, la location, la formation, et la mise en route de systèmes ou configurations, ainsi que toute activité de service y relatifs
- L'aide et l'assistance aux entreprises par la rationalisation de leur administration, de leur usage de l’outil informatique et de leur organisation d’une manière générale en vue d’assurer leur croissance et leur développement dans des conditions optimales
- La réalisation de toutes activités en rapport avec le marketing et la communication qui ont notamment pour but la publicité, la création d'évènements, l'organisation de foires et salons, le marketing direct, le sponsoring et les relations publiques
- L’achat, l’échange, la vente, la prise en location et en sous-location, ainsi que la cession en location et en sous-location, le tout avec ou sans option d’achat, l’exploitation et l’entretien de maisons, appartements, bureaux, magasins, fonds de commerce, terrains, terres et domaines, et de manière générale, de tous biens immobiliers, ainsi que toutes opérations de financement
- Ériger toutes constructions pour son compte ou pour compte de tiers, en tant que maître de l’ouvrage ou entrepreneur général, et effectuer, éventuellement aux biens immobiliers, des transformations et mises en valeur ainsi que l’étude et l’aménagement de lotissements y compris la construction de routes et égouts; souscrire des engagements en tant que conseiller en construction (études de génie civil et des divers équipements techniques des immeubles); acheter tous matériaux, signer tous contrats d’entreprises qui seraient nécessaires; réaliser toutes opérations de change, commission et courtage, ainsi que la gérance d’immeubles
- Acheter, exploiter et construire tant pour elle-même que pour des tiers, par location ou autrement, tous parkings, garages, station-service et d’entretien
- S'intéresser par voie d'association, d'apport, de fusion, d'intervention financière ou autrement dans toutes sociétés, associations ou entreprises dont l'objet est identique, analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés
- Accepter et exercer un mandat d’administrateur, de gérant ou de liquidateur dans toutes sociétés, quel que soit son objet social
- Se porter garant ou caution, constituer hypothèque ou fournir des sûretés réelles pour des sociétés ou des personnes privées, au sens le plus large
- Louer ou sous-louer, acquérir des droits réels ou la pleine propriété de tout immeuble dans le but soit d’y établir son siège social, un siège d’exploitation ou d’y loger ses dirigeants et les membres de leur famille à titre de résidence principale
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FINPAY CONSULTING
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 12 : Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions - droit de préférence, organe qui procède à l’émission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of December at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par décision assemblée générale délibérant dans formes modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Pour quelque cause et à quelque moment que ce soit, faculté assemblée de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et…” (deed in French)