FINSIS
ActiveSummary
FINSIS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251,769 and a net result of €65,413. Equity is growing by ~51.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-3
Solvency64▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.74 in 2024; short-term debt: 16.9% and cash: 10.3% of total assets), and 61.1% 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+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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
38.9%
Return on assets
10.1%
Age of the figures
12 mo
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 29-04-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
19 d late
2023
57 d early
2022
59 d early
2021
77 d early
2020
67 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€251,769▲ 34.5%
2024 · €187,189
Total assets
€648,040▲ 6.6%
2024 · €607,742
Net result
€65,413▼ 10.4%
2024 · €73,024
Working capital
€13,984
2024 · -€33,565
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20212022202320242025
Operating result€11,455▼ 78.3%€41,328▲ 261%€76,559▲ 85.2%€117,242▲ 53.1%€103,609▼ 11.6%
Net result€5,083within the sector's middle half▼ 86.8%€24,354within the sector's middle half▲ 379%€46,390above the sector's middle half▲ 90.5%€73,024above the sector's middle half▲ 57.4%€65,413above the sector's middle half▼ 10.4%
Equity€45,853within the sector's middle half▲ 10.3%€69,407within the sector's middle half▲ 51.4%€114,997within the sector's middle half▲ 65.7%€187,189within the sector's middle half▲ 62.8%€251,769within the sector's middle half▲ 34.5%
Total assets€303,674within the sector's middle half▲ 317%€589,455within the sector's middle half▲ 94.1%€583,767within the sector's middle half▼ 1.0%€607,742within the sector's middle half▲ 4.1%€648,040within the sector's middle half▲ 6.6%
Debt€257,821▲ 727%€520,048▲ 102%€468,770▼ 9.9%€420,554▼ 10.3%€396,271▼ 5.8%
Working capital-€31,497€176,479€183,409▲ 3.9%-€33,565€13,984
Solvency15.1%within the sector's middle half▼ 42.0pp11.8%within the sector's middle half▼ 3.3pp19.7%within the sector's middle half▲ 7.9pp30.8%within the sector's middle half▲ 11.1pp38.9%within the sector's middle half▲ 8.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €648,040
Fixed assets
€524,480 ▲ 2.6%
Current assets
€123,560 ▲ 28.3%
Equity and liabilities €648,040
Equity
€251,769 ▲ 34.5%
Debt
€396,271 ▼ 5.8%
Debt's share of the balance-sheet total falls from 69.2% to 61.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€128,590▼
2024 · €142,484
Cash flow
€90,394▼
2024 · €98,267
Current ratio
1.13▲
2024 · 0.74
Debt to equity
1.57▼
2024 · 2.25
ROE
26.0%▼
2024 · 39.0%
ROA
10.1%▼
2024 · 12.0%
Interest coverage
10.32▼
2024 · 10.47
Debt ≤ 1 year
€109,575▼
2024 · €129,890
Debt > 1 year
€286,075▼
2024 · €289,611
Income taxes
€25,777▼
2024 · €30,664
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 6,776 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,483 | €26,661 | €21,808 | €25,243 | €24,981 | ▼ 1.0% |
| Other operating charges640/8 | - | €672 | €3,549 | €2,110 | €3,255 | ▲ 54.3% |
| Non-recurring operating charges66A | - | - | - | €3,721 | €0 | ▼ 100% |
| Gross operating margin9900 | €54,293 | €68,661 | €101,916 | €148,315 | €131,844 | ▼ 11.1% |
| Operating profit (loss)9901 | €11,455 | €41,328 | €76,559 | €117,242 | €103,609 | ▼ 11.6% |
| Financial income75/76B | - | €44 | €20 | €54 | €45 | ▼ 17.3% |
| Recurring financial income75 | €9 | €44 | €20 | €54 | €45 | ▼ 17.3% |
| Financial charges65/66B | - | €5,739 | €10,075 | €13,608 | €12,463 | ▼ 8.4% |
| Recurring financial charges65 | €2,556 | €5,739 | €10,075 | €13,608 | €12,463 | ▼ 8.4% |
| Profit (loss) for the period before taxes9903 | €8,908 | €35,633 | €66,505 | €103,688 | €91,190 | ▼ 12.1% |
| Income taxes67/77 | €3,824 | €11,279 | €20,114 | €30,664 | €25,777 | ▼ 15.9% |
| Profit (loss) for the period9904 | €5,083 | €24,354 | €46,390 | €73,024 | €65,413 | ▼ 10.4% |
| Profit (loss) for the period to be appropriated9905 | €5,083 | €24,354 | €46,390 | €73,024 | €65,413 | ▼ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €303,674 | €589,455 | €583,767 | €607,742 | €648,040 | ▲ 6.6% |
| Fixed assets21/28 | €274,075 | €280,385 | €266,776 | €511,417 | €524,480 | ▲ 2.6% |
| Intangible fixed assets21 | €1,700 | €429 | €7,711 | €8,649 | €5,101 | ▼ 41.0% |
| Tangible fixed assets22/27 | €272,375 | €279,956 | €259,065 | €502,768 | €519,379 | ▲ 3.3% |
| Land and buildings22 | - | €87,655 | €95,987 | €353,489 | €379,427 | ▲ 7.3% |
| Plant, machinery and equipment23 | - | - | €1,910 | €1,708 | €3,141 | ▲ 83.9% |
| Furniture and vehicles24 | - | €37,563 | €14,839 | €9,650 | €7,299 | ▼ 24.4% |
| Other tangible fixed assets26 | - | €154,738 | €146,329 | €137,921 | €129,512 | ▼ 6.1% |
| Current assets29/58 | €29,599 | €309,070 | €316,991 | €96,325 | €123,560 | ▲ 28.3% |
| Stocks and contracts in progress3 | - | €256,621 | €262,422 | €0 | - | - |
| Stocks30/36 | - | €256,621 | €262,422 | €0 | - | - |
| Amounts receivable within one year40/41 | €10,560 | €28,298 | €3,544 | €52,209 | €44,301 | ▼ 15.1% |
| Trade receivables40 | - | €28,298 | €3,544 | €52,209 | €41,998 | ▼ 19.6% |
| Other amounts receivable41 | - | - | - | - | €2,303 | - |
| Cash at bank and in hand54/58 | €15,650 | €7,887 | €25,332 | €24,660 | €66,958 | ▲ 172% |
| Deferred charges and accrued income490/1 | - | €16,264 | €25,694 | €19,456 | €12,300 | ▼ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €303,674 | €589,455 | €583,767 | €607,742 | €648,040 | ▲ 6.6% |
| Equity10/15 | €45,853 | €69,407 | €114,997 | €187,189 | €251,769 | ▲ 34.5% |
| Contributions10/11 | - | €3,720 | €3,720 | €3,720 | €3,720 | = |
| Reserves13 | €42,133 | €65,687 | €111,277 | €183,469 | €248,049 | ▲ 35.2% |
| Distributable reserves133 | - | €65,687 | €111,277 | €183,469 | €248,049 | ▲ 35.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €257,821 | €520,048 | €468,770 | €420,554 | €396,271 | ▼ 5.8% |
| Amounts payable after more than one year17 | €189,977 | €375,415 | €317,768 | €289,611 | €286,075 | ▼ 1.2% |
| Financial debts170/4 | - | €357,436 | €317,768 | €289,611 | €286,075 | ▼ 1.2% |
| Advances received on contracts in progress176 | - | €17,979 | - | - | - | - |
| Amounts payable within one year42/48 | €61,096 | €132,591 | €133,582 | €129,890 | €109,575 | ▼ 15.6% |
| Current portion of amounts payable after more than one year42 | - | €40,431 | €43,246 | €28,157 | €24,976 | ▼ 11.3% |
| Financial debts43 | - | - | - | €10,964 | €20,275 | ▲ 84.9% |
| Credit institutions430/8 | - | - | - | €10,964 | €20,275 | ▲ 84.9% |
| Trade debts44 | €2,483 | €7,660 | €4,057 | €13,106 | €6,880 | ▼ 47.5% |
| Suppliers440/4 | - | €7,660 | €4,057 | €13,106 | €6,880 | ▼ 47.5% |
| Taxes, remuneration and social security45 | - | €12,722 | €18,582 | €20,380 | €14,478 | ▼ 29.0% |
| Taxes450/3 | - | €12,722 | €18,582 | €20,380 | €14,478 | ▼ 29.0% |
| Other amounts payable47/48 | - | €71,777 | €67,696 | €57,282 | €42,965 | ▼ 25.0% |
| Accrued charges and deferred income492/3 | - | €12,042 | €17,420 | €1,053 | €621 | ▼ 41.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,083 | €24,354 | €46,390 | €73,024 | €65,413 | ▼ 10.4% |
| + Depreciation and write-downs630 | €17,483 | €26,661 | €21,808 | €25,243 | €24,981 | ▼ 1.0% |
| Operating cash flow (approximation) | €22,566 | €51,016 | €68,198 | €98,267 | €90,394 | ▼ 8.0% |
| Investment in fixed assets (approximation) | - | -€32,971 | -€8,199 | -€269,884 | -€38,045 | ▲ 85.9% |
| Change in cash | - | -€7,763 | €17,445 | -€671 | €42,298 | ▲ 6,401% |
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
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €200,000Eq €251,769 ▲34.5%
6 profitable years in a row build equity to €251,769.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
30-09
Financial
Highest result since 2020net €73,024 ▲57.4%
Operating result €117,242, net result €73,024, both a record.
30-09
Financial
Equity above €150,000Eq €187,189 ▲62.8%
5 profitable years in a row build equity to €187,189.
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100,000Eq €114,997 ▲65.7%
4 profitable years in a row build equity to €114,997.
02-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 5current ratio 2.33
Current ratio from 0.48 to 2.33.
12-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €5,083 ▼86.8%
Net result drops to €5,083, the lowest in the series; recovery starts the following year.
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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.
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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, Nazareth-De Pinte · 1 establishment unit since 2019
Ground area
935 m²
Building footprint
217 m²
Parcel 44012B0204/00N002, Flanders. Linked by address, not a title deed.
1 establishment unit
FINSIS
since 20192.289.092.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44012B0204/00N002 | Flanders | 935 m² | 1 · 217 m² | - |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 3,960 EUR awarded · 3,960 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 480 EUR | 480 EUR |
| 2024 | 1 | 3,480 EUR | 3,480 EUR |
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 5,089 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 (pre-2019)
Founded27-03-2019
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0723680673
Registered
07-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.