FINSEL
ActiveSummary
FINSEL has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €569k and a net result of €76k. Equity is growing by ~67.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 2934 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-16
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 16.82 against 6.07 in 2023; short-term debt: 5.4% and cash: 78.4% of total assets), and 5.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.6%
Return on assets
12.6%
Age of the figures
21 mo
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 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
40 d early
2022
39 d early
2021
38 d early
2020
43 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Equity
€569k▲ 11.8%
2023 · €509k
Total assets
€601k▼ 1.3%
2023 · €609k
Net result
€76k▼ 54.8%
2023 · €167k
Working capital
€513k▲ 1.0%
2023 · €508k
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
Line20202021202220232024
Operating result€103k▲ 341%€87k▼ 15.1%€264k▲ 203%€240k▼ 9.1%€105k▼ 56.1%
Net result€73k▲ 367%€63k▼ 14.1%€183k▲ 192%€167k▼ 8.9%€76k▼ 54.8%
Equity€118k▲ 163%€181k▲ 53.2%€350k▲ 93.8%€509k▲ 45.3%€569k▲ 11.8%
Total assets€129k▲ 179%€198k▲ 53.5%€393k▲ 98.2%€609k▲ 54.8%€601k▼ 1.3%
Debt€11k▲ 660%€18k▲ 57.0%€43k▲ 142%€100k▲ 131%€32k▼ 67.6%
Working capital€117k▲ 161%€178k▲ 52.2%€349k▲ 95.6%€508k▲ 45.7%€513k▲ 1.0%
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; 2024 is 56% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €601k
Fixed assets
€55k ▲ 13,699%
Current assets
€546k ▼ 10.3%
Equity and liabilities €601k
Equity
€569k ▲ 11.8%
Debt
€32k ▼ 67.6%
Debt's share of the balance-sheet total falls from 16.5% to 5.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€110k▼
2023 · €241k
Cash flow
€80k▼
2023 · €168k
Current ratio
16.82▲
2023 · 6.07
Debt to equity
0.06▼
2023 · 0.20
ROE
13.3%▼
2023 · 32.8%
ROA
12.6%▼
2023 · 27.4%
Interest coverage
1070.25▼
2023 · 2035.50
Debt ≤ 1 year
€32k▼
2023 · €100k
Income taxes
€30k▼
2023 · €73k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €224 | €643 | €1k | €820 | €5k | ▲ 462% |
| Other operating charges640/8 | - | €1k | €1k | €1k | €1k | ▲ 8.8% |
| Gross operating margin9900 | €104k | €89k | €266k | €242k | €111k | ▼ 54.0% |
| Operating profit (loss)9901 | €103k | €87k | €264k | €240k | €105k | ▼ 56.1% |
| Financial income75/76B | - | €412 | €343 | €308 | €353 | ▲ 14.6% |
| Recurring financial income75 | €303 | €412 | €343 | €308 | €353 | ▲ 14.6% |
| Financial charges65/66B | - | €106 | €99 | €118 | €103 | ▼ 13.1% |
| Recurring financial charges65 | €81 | €106 | €99 | €118 | €103 | ▼ 13.1% |
| Profit (loss) for the period before taxes9903 | €103k | €87k | €264k | €240k | €106k | ▼ 56.0% |
| Income taxes67/77 | €30k | €25k | €81k | €73k | €30k | ▼ 58.8% |
| Profit (loss) for the period9904 | €73k | €63k | €183k | €167k | €76k | ▼ 54.8% |
| Transfer from tax-exempt reserves789 | - | €756 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €73k | €63k | €183k | €167k | €76k | ▼ 54.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €129k | €198k | €393k | €609k | €601k | ▼ 1.3% |
| Fixed assets21/28 | €701 | €2k | €1k | €401 | €55k | ▲ 13,699% |
| Tangible fixed assets22/27 | €701 | €2k | €1k | €401 | €55k | ▲ 13,699% |
| Plant, machinery and equipment23 | - | €2k | €1k | €401 | €617 | ▲ 53.9% |
| Furniture and vehicles24 | - | €393 | €84 | €0 | €55k | - |
| Current assets29/58 | €129k | €196k | €392k | €608k | €546k | ▼ 10.3% |
| Amounts receivable within one year40/41 | €68k | €47k | €181k | €195k | €70k | ▼ 63.8% |
| Trade receivables40 | - | €41k | €173k | €188k | €50k | ▼ 73.5% |
| Other amounts receivable41 | - | €6k | €8k | €6k | €21k | ▲ 233% |
| Cash at bank and in hand54/58 | €57k | €146k | €208k | €408k | €471k | ▲ 15.4% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €6k | €4k | ▼ 29.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €129k | €198k | €393k | €609k | €601k | ▼ 1.3% |
| Equity10/15 | €118k | €181k | €350k | €509k | €569k | ▲ 11.8% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €112k | €174k | €344k | €502k | €562k | ▲ 11.9% |
| Non-distributable reserves130/1 | - | €1k | €1k | - | - | - |
| Reserves not available under the articles1311 | - | €1k | €1k | - | - | - |
| Distributable reserves133 | - | €173k | €343k | €502k | €562k | ▲ 11.9% |
| Amounts payable17/49 | €11k | €18k | €43k | €100k | €32k | ▼ 67.6% |
| Amounts payable within one year42/48 | €11k | €18k | €43k | €100k | €32k | ▼ 67.6% |
| Trade debts44 | €272 | €260 | €7k | €51k | €4k | ▼ 93.1% |
| Suppliers440/4 | - | €260 | €7k | €51k | €4k | ▼ 93.1% |
| Taxes, remuneration and social security45 | - | €18k | €23k | €41k | €13k | ▼ 67.2% |
| Taxes450/3 | - | €18k | €23k | €41k | €13k | ▼ 67.2% |
| Other amounts payable47/48 | - | - | €14k | €8k | €16k | ▲ 87.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73k | €63k | €183k | €167k | €76k | ▼ 54.8% |
| + Depreciation and write-downs630 | €224 | €643 | €1k | €820 | €5k | ▲ 462% |
| Operating cash flow (approximation) | €73k | €63k | €184k | €168k | €80k | ▼ 52.2% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | €-60k | - |
| Change in cash | - | €89k | €62k | €200k | €63k | ▼ 68.5% |
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
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 16.82
Current ratio from 6.07 to 16.82; short-term debt falls from €100k to €32k.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €509k ▲45.3%
6 profitable years in a row build equity to €509k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €183k ▲192%
Operating result €264k, net result €183k, both a record.
31-12
Financial
Equity above €200kEq €350k ▲93.8%
5 profitable years in a row build equity to €350k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €181k ▲53.2%
4 profitable years in a row build equity to €181k.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €100kEq €118k ▲163%
3 profitable years in a row build equity to €118k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Liquidity times 5current ratio 30.93
Current ratio from 5.95 to 30.93; short-term debt falls from €6k to €1k.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Leuven · 1 establishment unit since 2011
Ground area
168 m²
Building footprint
79 m²
Volume, LiDAR
583 m³
Parcel 24483E0235/00R015, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Peter Benoitlaan 17, 3010 Leuven
since 20112.198.187.868
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24483E0235/00R015 | Flanders | 168 m² | 1 · 79 m² | 10.6 m · 3 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.
Similar companies · same sector, comparable size
VV BEHEER
BE 0820.916.938
Geraardsbergen · Eq €567,844
A.B.E.S.
BE 0831.289.901
Aalst · Eq €569,492
FIDULINE
BE 0893.536.878
Liedekerke · Eq €569,996
KOJACC
BE 0507.730.959
Aalst · Eq €570,115
DE VERENIGDE FIDUCIAIRES
BE 0440.088.109
Mechelen · Eq €570,699
Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,323 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
Founded04-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
69202Legal and accounting activities
Scores and ratios are computed by Checked and are not a credit decision.