Equity
€54,539 from €512,955 in 2013
Equity fell by 89% in 12 years.
FINRES
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €780,423 (2017)
€198,484▼ 4.7%
lowest -€467,736 (2014)
-€60,674▼ €48,012
peak €512,955 (2013)
€54,539▼ 52.7%
€556,004▼ 5.4%
peak 8 FTE (2023)
3.2 FTE▼ 13.5%
Board5 names since 2018
1 director
Owners
Documentsfilings and deeds
07-04-202623 days before the deadline
2025abbreviated format
Loss of €60,674Staff from 3.7 FTE to 3.2 FTEEquity from €115,213 to €54,539Cash from €126,326 to €50,300
Key points
from the 2025 annual accountsLosses
-€383,728 in four years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Debts
€556,004 91% of the balance sheet
Financial debts 35%Suppliers 34%Taxes and wages 22%Other 9%
Of this, €511,144 falls due within a year.
Staff
3.2 FTE from 8 in 2023
Between 2023 and 2025, 60% of the full-time equivalents disappeared.
Filings
35 annual accounts since 1991
The last five annual accounts were filed 0 to 31 days before the end of the period.
Position in the sector
-€60,674
Lower net result than 88% of companies in wholesale trade. Sector median €38,114 · 10,731 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 973 companies had the same profile as FINRES has now. Each dot stands for 3 companies, two years later.
92.8%
were still trading
4.4%
stopped another way
2.3%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 973 companies, not a prediction for FINRES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 29-02-2024
- 13%equity €59,786 (2024) · 2024 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0442882204
Company renamed from FINRES Group to FINRES
Resignations: (director) and (director) · Reappointment: (director) · “Groot- of kleinhandel, import-export, in petroleumproducten, glasvezel, rubberproducten, plastics, verven…” (deed in Dutch) · General meeting of 22-11-2023 · Gazette deed
Reappointments: (director) and (managing director)
General meeting of 20-08-2020 · Gazette deed
Appointment: (director)
General meeting of 17-04-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FINRES Kraainem | €610,543 | €198,484 | 8.9% | 3.2 |
| VDS FLY FISHING TACKLE Heist-op-den-Berg | €672,144 | €124,458 | 43.3% | 3.3 |
| EXPRO Herstal | €423,615 | €176,228 | 82.6% | 2.5 |
| INTERART - INTERGIFT Bruges | €938,602 | €150,569 | 32.7% | 2.9 |
| WATSON GLOBAL LOGISTICS Antwerp | €595,924 | €174,915 | 7.1% | 1.8 |
| MEDILOM & C° Antwerp | €735,546 | €225,534 | 48.0% | 1.8 |
| GENERAL BUNKERING SERVICES Antwerp | €850,846 | €291,861 | 91.1% | 3 |
These companies have the same main activity as FINRES: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €424,000 and €939,000, founded between 1988 and 1995.
Official details
Source: KBO- Status
- Active since 31-12-1990Normal situation
- Activity
- Non-specialised wholesale tradeNACE 46900and 1 other
- Joint committees
- 116Chemical industry
- 207White-collar workers in the chemical industry
- 124Construction · annual accounts 30-09-2025and 1 other
- Establishment unit
- 2.051.872.0781950 Kraainem, since 12-03-1991
- Financial year end
- 30 September
- Peppol
- Reachable since 24-12-2025
Annual accounts to 30-09-2025
- ≈ €1.0mestimated
- €610,543▼ 13.1%
- Employeeson 30-09-2025
- 4▲ 33.3%
- Filing
- Filed on 07-04-2026, 23 days before the end of the filing period
Insights on FINRES
FINRES files the abbreviated format. That format states no turnover. The gross margin fell from €400,769 in 2006 to €198,484 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FINRES
- What is the company number of FINRES?
- The company number of FINRES is 0442.882.204. The VAT number is the same number with BE in front: BE 0442.882.204.
- Where is FINRES based?
- The registered office is at Jozef Van Hovestraat 35, 1950 Kraainem.Company details
- What does FINRES do?
- According to the KBO register, the main activity is non-specialised wholesale trade (NACE 46900).
- What is the legal form of FINRES?
- FINRES is a public limited company (NV).
- When was FINRES founded?
- FINRES was founded on 31-12-1990.
- Is FINRES still active?
- Yes, FINRES is an active enterprise in the KBO register.
- How many employees does FINRES have?
- FINRES had an average of 3.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FINRES fall under?
- In its 30-09-2025 annual accounts, FINRES states joint committees 116 (Chemical industry), 207 (White-collar workers in the chemical industry), 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of FINRES?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €198,484 and 86 comparable companies (NACE 46). It probably lies between €480,000 and €1.9m. In financial year 2022 turnover was €0.
- Is FINRES profitable?
- In financial year 2025, FINRES made a loss of €60,674.
- Where can I find the annual accounts of FINRES?
- FINRES filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FINRES due?
- FINRES must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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