Finsiders
ActiveSummary
Finsiders has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €684,866 and a net result of €757,302. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 1203 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▼-9
Solvency50▼-3
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.32 in 2023; short-term debt: 73.8% and cash: 17.6% of total assets), and 75.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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 2024Solvency, return and age of the figures
Solvency
24.6%
Return on assets
27.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-08-2025, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
2 d late
2023
6 d early
2022
28 d early
2021
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?Robur Capital · 12 companies
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Financials · fiscal year 2024, full schema
In the rankings
#6 employer in Sint-Martens-Latem
Turnover
€12.2m▲ 13.8%
2023 · €10.7m
EBIT margin
9.5%▼ 7.6pp
2023 · 17.0%
Net result
€757,302▼ 39.0%
2023 · €1.2m
Working capital
€619,342▲ 3.7%
2023 · €597,513
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€10.7m€12.2m▲ 13.8%
Operating result-€198,122-€734,114€1.8m▲ 148%€1.1m▼ 36.8%
Net result-€198,246below the sector's middle half-€534,859above the sector's middle half€1.2mabove the sector's middle half▲ 132%€757,302above the sector's middle half▼ 39.0%
EBIT margin17.0%9.5%▼ 7.6pp
Equity€301,754within the sector's middle half-€586,613within the sector's middle half▲ 94.4%€727,564within the sector's middle half▲ 24.0%€684,866within the sector's middle half▼ 5.9%
Total assets€593,508within the sector's middle half-€1.8mwithin the sector's middle half▲ 203%€2.6mwithin the sector's middle half▲ 45.2%€2.8mwithin the sector's middle half▲ 6.9%
Debt€291,754-€1.2m▲ 315%€1.9m▲ 55.5%€2.1m▲ 11.8%
Working capital€256,854-€581,974▲ 127%€597,513▲ 2.7%€619,342▲ 3.7%
Solvency50.8%within the sector's middle half-32.7%within the sector's middle half▼ 18.2pp27.9%within the sector's middle half▼ 4.8pp24.6%within the sector's middle half▼ 3.3pp
Staff (FTE)8within the sector's middle half-43.6above the sector's middle half▲ 445%74.6above the sector's middle half▲ 71.1%86.5above the sector's middle half▲ 16.0%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result +132%, Staff (FTE) +71% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 37% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.8m
Fixed assets
€110,369 ▼ 16.0%
Current assets
€2.7m ▲ 8.1%
Equity and liabilities €2.8m
Equity
€684,866 ▼ 5.9%
Debt
€2.1m ▲ 11.8%
Debt's share of the balance-sheet total rises from 72.1% to 75.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.2m▼
2023 · €1.8m
Cash flow
€812,968▼
2023 · €1.3m
Current ratio
1.30▼
2023 · 1.32
Debt to equity
3.07▲
2023 · 2.59
ROE
110.6%▼
2023 · 170.6%
ROA
27.2%▼
2023 · 47.6%
Interest coverage
169.12▼
2023 · 464.98
Debt ≤ 1 year
€2.1m▲
2023 · €1.9m
Income taxes
€384,455▼
2023 · €574,494
Staff costs
€5.1m▲
2023 · €4.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 675 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
- without age
0.3%
went bankrupt
2.4%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 675 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | - | €10.9m | €12.4m | ▲ 14.0% |
| Turnover70 | - | - | €10.7m | €12.2m | ▲ 13.8% |
| Other operating income74 | - | - | €227,075 | €285,011 | ▲ 25.5% |
| Operating charges60/66A | - | - | €9.1m | €11.3m | ▲ 24.2% |
| Goods for resale, raw materials and consumables60 | - | - | €2.5m | €3.0m | ▲ 19.6% |
| Purchases600/8 | - | - | €2.5m | €3.0m | ▲ 19.6% |
| Services and other goods61 | - | - | €2.1m | €3.1m | ▲ 47.0% |
| Remuneration, social security and pensions62 | €367,636 | €2.3m | €4.5m | €5.1m | ▲ 14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,888 | €16,934 | €28,268 | €55,666 | ▲ 96.9% |
| Other operating charges640/8 | €1,372 | €16,308 | €6,484 | €6,106 | ▼ 5.8% |
| Non-recurring operating charges66A | - | - | - | €58,199 | - |
| Gross operating margin9900 | €181,774 | €3.0m | - | - | - |
| Operating profit (loss)9901 | -€198,122 | €734,114 | €1.8m | €1.1m | ▼ 36.8% |
| Financial income75/76B | - | €0 | €4 | - | - |
| Recurring financial income75 | - | €0 | €4 | - | - |
| Other financial income752/9 | - | - | €4 | - | - |
| Financial charges65/66B | €124 | €1,003 | €4,047 | €7,312 | ▲ 80.7% |
| Recurring financial charges65 | €124 | €1,003 | €4,047 | €7,312 | ▲ 80.7% |
| Debt charges650 | - | - | €3,974 | €7,123 | ▲ 79.3% |
| Other financial charges652/9 | - | - | €73 | €189 | ▲ 157% |
| Profit (loss) for the period before taxes9903 | -€198,246 | €733,111 | €1.8m | €1.1m | ▼ 37.1% |
| Income taxes67/77 | - | €198,251 | €574,494 | €384,455 | ▼ 33.1% |
| Taxes670/3 | - | - | €575,332 | €411,478 | ▼ 28.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | €838 | €27,023 | ▲ 3,125% |
| Profit (loss) for the period9904 | -€198,246 | €534,859 | €1.2m | €757,302 | ▼ 39.0% |
| Profit (loss) for the period to be appropriated9905 | -€198,246 | €534,859 | €1.2m | €757,302 | ▼ 39.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €593,508 | €1.8m | €2.6m | €2.8m | ▲ 6.9% |
| Formation expenses20 | €1,774 | €1,334 | €894 | €452 | ▼ 49.4% |
| Fixed assets21/28 | €83,340 | €101,864 | €131,437 | €110,369 | ▼ 16.0% |
| Intangible fixed assets21 | €36,342 | €29,796 | €25,664 | €14,947 | ▼ 41.8% |
| Tangible fixed assets22/27 | €34,848 | €55,778 | €89,483 | €89,422 | ▼ 0.1% |
| Plant, machinery and equipment23 | €14,228 | €25,136 | €24,634 | €17,552 | ▼ 28.7% |
| Furniture and vehicles24 | €20,620 | €27,620 | €30,743 | €26,712 | ▼ 13.1% |
| Other tangible fixed assets26 | - | €3,023 | €34,106 | €45,158 | ▲ 32.4% |
| Financial fixed assets28 | €12,150 | €16,290 | €16,290 | €6,000 | ▼ 63.2% |
| Other financial fixed assets284/8 | - | - | €16,290 | €6,000 | ▼ 63.2% |
| Amounts receivable and cash guarantees285/8 | - | - | €16,290 | €6,000 | ▼ 63.2% |
| Current assets29/58 | €508,394 | €1.7m | €2.5m | €2.7m | ▲ 8.1% |
| Amounts receivable within one year40/41 | €358,362 | €1.4m | €1.9m | €2.2m | ▲ 15.1% |
| Trade receivables40 | €358,362 | €1.4m | €1.9m | €2.1m | ▲ 11.6% |
| Other amounts receivable41 | - | €9,871 | €24,668 | €92,913 | ▲ 277% |
| Cash at bank and in hand54/58 | €132,729 | €227,660 | €577,303 | €491,431 | ▼ 14.9% |
| Deferred charges and accrued income490/1 | €17,303 | €28,198 | €20,796 | €23,942 | ▲ 15.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €593,508 | €1.8m | €2.6m | €2.8m | ▲ 6.9% |
| Equity10/15 | €301,754 | €586,613 | €727,564 | €684,866 | ▼ 5.9% |
| Contributions10/11 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Capital10 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Issued capital100 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Reserves13 | - | €16,831 | €50,000 | €50,000 | = |
| Non-distributable reserves130/1 | - | €16,831 | €50,000 | €50,000 | = |
| Legal reserve130 | - | €16,831 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€198,246 | €69,783 | €177,564 | €134,866 | ▼ 24.0% |
| Amounts payable17/49 | €291,754 | €1.2m | €1.9m | €2.1m | ▲ 11.8% |
| Amounts payable within one year42/48 | €251,541 | €1.1m | €1.9m | €2.1m | ▲ 9.5% |
| Financial debts43 | - | - | €117,670 | €235,245 | ▲ 99.9% |
| Credit institutions430/8 | - | - | €117,670 | €235,245 | ▲ 99.9% |
| Trade debts44 | €156,177 | €303,417 | €355,563 | €537,166 | ▲ 51.1% |
| Suppliers440/4 | €156,177 | €303,417 | €355,563 | €537,166 | ▲ 51.1% |
| Taxes, remuneration and social security45 | €95,364 | €558,050 | €906,162 | €785,525 | ▼ 13.3% |
| Taxes450/3 | €41,374 | €254,246 | €334,943 | €200,570 | ▼ 40.1% |
| Remuneration and social security454/9 | €53,989 | €303,804 | €571,219 | €584,955 | ▲ 2.4% |
| Other amounts payable47/48 | - | €250,000 | €500,000 | €500,000 | = |
| Accrued charges and deferred income492/3 | €40,213 | €98,558 | €2,280 | €45,298 | ▲ 1,887% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€198,246 | €534,859 | €1.2m | €757,302 | ▼ 39.0% |
| + Depreciation and write-downs630 | €10,888 | €16,934 | €28,268 | €55,666 | ▲ 96.9% |
| Operating cash flow (approximation) | -€187,358 | €551,793 | €1.3m | €812,968 | ▼ 35.9% |
| Investment in fixed assets (approximation) | - | -€35,458 | -€57,841 | -€34,598 | ▲ 40.2% |
| Change in cash | - | €94,931 | €349,643 | -€85,872 | ▼ 125% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 2 days late
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2021net €1.2m ▲132%
Operating result €1.8m, net result €1.2m, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €534,859
Net result €534,859 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €586,613 ▲94.4%
Equity rises from €301,754 to €586,613.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
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, Sint-Martens-Latem · 1 establishment unit since 2021
Ground area
2,959 m²
Building footprint
596 m²
Volume, LiDAR
4,394 m³
Parcel 44064B0232/00L000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Finsiders
since 20212.311.831.187
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0232/00L000 | Flanders | 2,959 m² | 1 · 596 m² | 12.6 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.
Structure & network
Part of the group
Robur Capital
12 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Robur Capital
- LIFEWORX GROUP
- Finsiders
Highest known parent: Robur Capital. The sources do not say who stands above it.
Owners 1
- LIFEWORX GROUPparent97%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 6 entries · 37,163 EUR awarded · 37,163 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 18,174 EUR | 18,174 EUR |
| 2024 | 2 | 14,007 EUR | 14,007 EUR |
| 2023 | 2 | 4,982 EUR | 4,982 EUR |
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 5,306 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
82990Other business support services
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761405458
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.