FINROE
ActiveSummary
FINROE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.40M and a net result of €47k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 67% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▼-4
Solvency96▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.31 in 2024; short-term debt: 29.1% and cash: 3.8% of total assets), and 29.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · 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
70.8%
Return on assets
1.4%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
128 d early
2023
41 d early
2022
2 d early
2021
2 d early
2020
8 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€2.40M▲ 2.0%
2024 · €2.35M
Total assets
€3.39M▼ 2.6%
2024 · €3.48M
Net result
€47k▼ 21.2%
2024 · €60k
Working capital
€411k▲ 17.5%
2024 · €350k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€53k▼ 6.7%€74k▲ 40.1%€107k▲ 44.5%€94k▼ 12.6%€90k▼ 3.6%
Net result€6k▼ 4.8%€15k▲ 172%€1.17M▲ 7,676%€60k▼ 94.9%€47k▼ 21.2%
Equity€1.11M▲ 0.5%€1.12M▲ 1.4%€2.29M▲ 105%€2.35M▲ 2.6%€2.40M▲ 2.0%
Total assets€2.64M▼ 1.8%€2.71M▲ 2.7%€3.07M▲ 13.3%€3.48M▲ 13.2%€3.39M▼ 2.6%
Debt€1.54M▼ 3.4%€1.59M▲ 3.7%€781k▼ 50.9%€1.13M▲ 44.2%€988k▼ 12.3%
Working capital€-432k▲ 8.1%€-391k▲ 9.4%€276k€350k▲ 26.9%€411k▲ 17.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.39M
Fixed assets
€1.99M ▼ 0.7%
Current assets
€1.40M ▼ 5.2%
Equity and liabilities €3.39M
Equity
€2.40M ▲ 2.0%
Debt
€988k ▼ 12.3%
Debt's share of the balance-sheet total falls from 32.4% to 29.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€105k▼
2024 · €108k
Cash flow
€61k▼
2024 · €74k
Current ratio
1.42▲
2024 · 1.31
Debt to equity
0.41▼
2024 · 0.48
ROE
2.0%▼
2024 · 2.5%
ROA
1.4%▼
2024 · 1.7%
Interest coverage
3.05▼
2024 · 3.54
Debt ≤ 1 year
€987k▼
2024 · €1.13M
Income taxes
€20k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €36k | €12k | €14k | €14k | ▼ 1.0% |
| Other operating charges640/8 | €4k | €4k | €5k | €4k | €4k | ▲ 9.6% |
| Gross operating margin9900 | €93k | €114k | €124k | €112k | €109k | ▼ 2.8% |
| Operating profit (loss)9901 | €53k | €74k | €107k | €94k | €90k | ▼ 3.6% |
| Financial income75/76B | €7k | €4k | €1.10M | €7k | €11k | ▲ 62.2% |
| Recurring financial income75 | €7k | €4k | €1.10M | €7k | €11k | ▲ 62.2% |
| Financial charges65/66B | €54k | €63k | €38k | €31k | €34k | ▲ 12.2% |
| Recurring financial charges65 | €54k | €63k | €38k | €31k | €34k | ▲ 12.2% |
| Profit (loss) for the period before taxes9903 | €6k | €16k | €1.17M | €70k | €67k | ▼ 3.9% |
| Income taxes67/77 | €580 | €585 | €556 | €10k | €20k | ▲ 95.5% |
| Profit (loss) for the period9904 | €6k | €15k | €1.17M | €60k | €47k | ▼ 21.2% |
| Profit (loss) for the period to be appropriated9905 | €6k | €15k | €1.17M | €60k | €47k | ▼ 21.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.64M | €2.71M | €3.07M | €3.48M | €3.39M | ▼ 2.6% |
| Fixed assets21/28 | €2.07M | €2.03M | €2.02M | €2.00M | €1.99M | ▼ 0.7% |
| Tangible fixed assets22/27 | €254k | €218k | €206k | €192k | €178k | ▼ 7.4% |
| Land and buildings22 | €235k | €218k | €206k | €192k | €178k | ▼ 7.4% |
| Furniture and vehicles24 | €19k | €0 | - | - | - | - |
| Financial fixed assets28 | €1.81M | €1.81M | €1.81M | €1.81M | €1.81M | = |
| Current assets29/58 | €576k | €683k | €1.06M | €1.48M | €1.40M | ▼ 5.2% |
| Amounts receivable after more than one year29 | - | - | €181k | €169k | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €181k | €169k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €30k | €31k | €110k | €30k | €30k | ▲ 0.4% |
| Trade receivables40 | €30k | €30k | €30k | €30k | €30k | = |
| Other amounts receivable41 | €196 | €699 | €79k | €0 | €134 | - |
| Current investments50/53 | €516k | €519k | €522k | €1.23M | €1.24M | ▲ 0.8% |
| Cash at bank and in hand54/58 | €30k | €132k | €243k | €47k | €129k | ▲ 174% |
| Deferred charges and accrued income490/1 | - | - | €151 | €262 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.64M | €2.71M | €3.07M | €3.48M | €3.39M | ▼ 2.6% |
| Equity10/15 | €1.11M | €1.12M | €2.29M | €2.35M | €2.40M | ▲ 2.0% |
| Contributions10/11 | €439k | €439k | €439k | €439k | €439k | = |
| Reserves13 | €667k | €682k | €1.85M | €1.91M | €1.96M | ▲ 2.5% |
| Non-distributable reserves130/1 | €44k | €44k | €44k | €0 | - | - |
| Reserves not available under the articles1311 | €44k | €44k | €44k | €0 | - | - |
| Distributable reserves133 | €623k | €638k | €1.81M | €1.91M | €1.96M | ▲ 2.5% |
| Amounts payable17/49 | €1.54M | €1.59M | €781k | €1.13M | €988k | ▼ 12.3% |
| Amounts payable after more than one year17 | €500k | €500k | €0 | - | - | - |
| Financial debts170/4 | €500k | €500k | €0 | - | - | - |
| Amounts payable within one year42/48 | €1.01M | €1.07M | €780k | €1.13M | €987k | ▼ 12.3% |
| Trade debts44 | €803 | €1k | €3k | €1k | €2k | ▲ 64.5% |
| Suppliers440/4 | €803 | €1k | €3k | €1k | €2k | ▲ 64.5% |
| Taxes, remuneration and social security45 | €3k | €3k | €4k | €12k | €8k | ▼ 32.6% |
| Taxes450/3 | €3k | €3k | €4k | €12k | €8k | ▼ 32.6% |
| Other amounts payable47/48 | €1.00M | €1.07M | €773k | €1.11M | €977k | ▼ 12.1% |
| Accrued charges and deferred income492/3 | €29k | €19k | €1k | €1k | €1k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €15k | €1.17M | €60k | €47k | ▼ 21.2% |
| + Depreciation and write-downs630 | €36k | €36k | €12k | €14k | €14k | ▼ 1.0% |
| Operating cash flow (approximation) | €41k | €51k | €1.18M | €74k | €61k | ▼ 17.3% |
| Investment in fixed assets (approximation) | - | €45 | €0 | €0 | €0 | - |
| Change in cash | - | €103k | €111k | €-196k | €82k | ▲ 142% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €1.17M ▲7,676%
Operating result €107k, net result €1.17M, both a record.
30-09
Financial
Liquidity doublescurrent ratio 1.35
Current ratio from 0.64 to 1.35; short-term debt falls from €1.07M to €780k.
30-09
Financial
Equity above €2MEq €2.29M ▲105%
4 profitable years in a row build equity to €2.29M.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 · 1 establishment unit since 2007
Ground area
186 m²
Building footprint
124 m²
Volume, LiDAR
1,763 m³
Parcel 44803C0753/00L000, Flanders · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Finroe
since 20072.175.441.665
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0753/00L000 | Flanders | 186 m² | 1 · 124 m² | 15.9 m · 5 fl. |
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 82,632 companies in sector 70200 we hold annual accounts for 52,575. 18,111 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
Founded16-01-2008
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.