Finren Consult
ActiveFinren Consult has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €80k and a net result of €61k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▲+46
Solvency41▲+12
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.32 in 2023; short-term debt: 18.8% and cash: 3.8% of total assets), and 84.4% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15.6%
Return on assets
11.9%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €80k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
79 d early
2022
52 d early
2021
27 d early
2020
47 d early
2019
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€80k▲ 327%
2023 · €19k
2018: €176k
2019: €149k
2020: €128k
2021: €30k
2022: €21k
2023: €19k
2018 → 2024
Total assets
€514k▲ 3.5%
2023 · €496k
2018: €428k
2019: €659k
2020: €608k
2021: €546k
2022: €521k
2023: €496k
2018 → 2024
Net result
€61k
2023 · €-2k
2018: €2k
2019: €-14k
2020: €-22k
2021: €-35k
2022: €-9k
2023: €-2k
2018 → 2024
Working capital
€-29k▲ 64.6%
2023 · €-82k
2018: €157k
2019: €53k
2020: €46k
2021: €-57k
2022: €-69k
2023: €-82k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€128k-€30k▼ 76.6%€21k▼ 29.2%€19k▼ 11.5%€80k▲ 327%
Operating result€-14k-€-28k▼ 105%€818€4k▲ 410%€82k▲ 1,870%
Net result€-22k-€-35k▼ 62.1%€-9k▲ 75.0%€-2k▲ 72.2%€61k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 1,870% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €514k
Fixed assets
€446k▼ 2.4%
Current assets
€68k▲ 72.8%
Equity and liabilities €514k
Equity
€80k▲ 327%
Provisions
€34k=
Debt
€400k▼ 9.9%
The debt ratio falls from 89.5% to 77.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93k▲
2023 · €15k
Cash flow
€72k▲
2023 · €9k
Solvency
15.6%▲
2023 · 3.8%
Current ratio
0.70▲
2023 · 0.32
Quick ratio
0.70▲
2023 · 0.32
Debt / equity
5.00▼
2023 · 23.73
ROE
76.6%▲
2023 · -13.0%
ROA
11.9%▲
2023 · -0.5%
Interest coverage
15.70▲
2023 · 2.39
Debt
€400k▼
2023 · €444k
Debt ≤ 1 year
€96k▼
2023 · €121k
Debt > 1 year
€303k▼
2023 · €323k
Income taxes
€16k▲
2023 · €949
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€496k€514k▲
Fixed assets21/28€457k€446k▼
Tangible fixed assets22/27€457k€446k▼
Land and buildings22€444k€434k▼
Furniture and vehicles24€3k€3k▼
Other tangible fixed assets26€10k€9k▼
Current assets29/58€39k€68k▲
Amounts receivable after more than one year29€3k€685▼
Other amounts receivable291€3k€685▼
Amounts receivable within one year40/41€2k€31k▲
Trade receivables40€0€29k▲
Other amounts receivable41€2k€2k▲
Current investments50/53€21k€14k▼
Cash at bank and in hand54/58€13k€19k▲
Deferred charges and accrued income490/1€959€3k▲
Equity and liabilities
Total equity and liabilities10/49€496k€514k▲
Equity10/15€19k€80k▲
Contributions10/11€6k€6k=
Reserves13€73k€74k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€73k€74k▲
Profit (loss) carried forward14€-60k€0▲
Provisions and deferred taxes16€34k€34k=
Provisions for liabilities and charges160/5€34k€34k=
Pensions and similar obligations160€34k€34k=
Amounts payable17/49€444k€400k▼
Amounts payable after more than one year17€323k€303k▼
Financial debts170/4€323k€303k▼
Amounts payable within one year42/48€121k€96k▼
Current portion of amounts payable after more than one year42€19k€33k▲
Financial debts43€348€1k▲
Credit institutions430/8€348€1k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€10k€12k▲
Other amounts payable47/48€89k€46k▼
Accrued charges and deferred income492/3€664€709▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€22k€99k▲
Operating profit (loss)9901€4k€82k▲
Financial income75/76B€681€953▲
Recurring financial income75€681€953▲
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€-1k€77k▲
Income taxes67/77€949€16k▲
Profit (loss) for the period9904€-2k€61k▲
Profit (loss) for the period to be appropriated9905€-2k€61k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-60k€1k▲
Profit (loss) brought forward from the previous period14P€-58k€-60k▼
Transfer from equity791/2€0-
Transfer to equity691/2-€1k
To other reserves6921-€1k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €61k
Net result €61k after 5 loss-making years.
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Gent · 2 establishment units since 2002
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.
Eeklostraat 699030 GentGround area
1,380 m²
Building footprint
430 m²
Volume, LiDAR
1,982 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Finren Consult
since 20022.095.871.674
Finren Consult
since 20202.306.265.169
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0482/00D000 | Flanders | 1,168 m² | 1 · 254 m² | 7.6 m · 1 fl. |
| 44038A0593/00E002 | Flanders | 211 m² | 1 · 176 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600TZFTFNAC9GSK15
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Of 1,075 companies in sector 46140 we hold annual accounts for 644. 490 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-03-2002
Fiscal year end31-12
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
Sources
Crossroads Bank for EnterprisesNational Bank · 16 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.
Contact details
1 entryPhone:0494/340748