FINSTAR CAPITAL
ActiveSummary
FINSTAR CAPITAL has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.47M and a net result of €134k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+33
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €370k at 30 days acceptable
Liquidity ample (current ratio 9.92; short-term debt: 5.1% and cash: 10.6% of total assets), and 5.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
94.9%
Return on assets
2.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 16-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
1 d late
2023
7 d early
2022
2 d early
2021
370 d late
2020
2 d early
2019
8 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 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.47M▼ 9.2%
2024 · €4.92M
2018: €1.89M
2019: €2.65M
2020: €1.50M
2021: €2.99M
2022: €2.97M
2023: €4.89M
2024: €4.92M
2018 → 2025
Total assets
€4.71M▼ 4.5%
2024 · €4.93M
2018: €2.55M
2019: €3.20M
2020: €3.16M
2021: €3.69M
2022: €4.89M
2023: €5.15M
2024: €4.93M
2018 → 2025
Net result
€134k▲ 344%
2024 · €30k
2018: €14k
2019: €759k
2020: €53k
2021: €1.50M
2022: €-22k
2023: €1.92M
2024: €30k
2018 → 2025
Working capital
€2.16M▼ 17.0%
2024 · €2.60M
2018: €-368k
2019: €313k
2020: €-817k
2021: €695k
2022: €602k
2023: €2.56M
2024: €2.60M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.99M-€2.97M▼ 0.7%€4.89M▲ 64.6%€4.92M▲ 0.6%€4.47M▼ 9.2%
Operating result€58k-€58k▼ 0.4%€36k▼ 38.4%€-26k€78k
Net result€1.50M-€-22k€1.92M€30k▼ 98.4%€134k▲ 344%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €78k after a loss of €26k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.71M
Fixed assets
€2.31M ▼ 0.5%
Current assets
€2.40M ▼ 8.1%
Equity and liabilities €4.71M
Equity
€4.47M ▼ 9.2%
Debt
€242k ▲ 1,829%
Debt's share of the balance-sheet total rises from 0.3% to 5.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€89k▲
2024 · €-23k
Cash flow
€145k▲
2024 · €34k
Current ratio
9.92
Debt to equity
0.05▲
2024 · 0.00
ROE
3.0%▲
2024 · 0.6%
ROA
2.9%▲
2024 · 0.6%
Interest coverage
7.76▲
2024 · 4.29
Debt ≤ 1 year
€242k▲
2024 · €13k
Income taxes
€60k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.93M€4.71M▼
Fixed assets21/28€2.32M€2.31M▼
Tangible fixed assets22/27€57k€46k▼
Furniture and vehicles24€51k€40k▼
Other tangible fixed assets26€6k€6k=
Financial fixed assets28€2.26M€2.26M=
Current assets29/58€2.62M€2.40M▼
Amounts receivable after more than one year29€1.00M€1.00M=
Other amounts receivable291€1.00M€1.00M=
Amounts receivable within one year40/41€419k€822k▲
Trade receivables40€5k€2k▼
Other amounts receivable41€414k€820k▲
Current investments50/53€774k€0▼
Cash at bank and in hand54/58€365k€498k▲
Deferred charges and accrued income490/1€59k€83k▲
Equity and liabilities
Total equity and liabilities10/49€4.93M€4.71M▼
Equity10/15€4.92M€4.47M▼
Contributions10/11€800k€800k=
Capital10€800k€800k=
Issued capital100€800k€800k=
Reserves13€4.12M€3.67M▼
Non-distributable reserves130/1€80k€80k=
Legal reserve130€80k€80k=
Distributable reserves133€4.04M€3.59M▼
Profit (loss) carried forward14-€0
Amounts payable17/49€13k€242k▲
Amounts payable within one year42/48€13k€242k▲
Trade debts44€11k€2k▼
Suppliers440/4€11k€2k▼
Taxes, remuneration and social security45€1k€53k▲
Taxes450/3€1k€53k▲
Other amounts payable47/48€808€188k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€20k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€11k▲
Other operating charges640/8€100k€1k▼
Gross operating margin9900€77k€91k▲
Operating profit (loss)9901€-26k€78k▲
Financial income75/76B€54k€128k▲
Recurring financial income75€54k€128k▲
Financial charges65/66B€-5k€12k▲
Recurring financial charges65€-5k€12k▲
Profit (loss) for the period before taxes9903€34k€195k▲
Income taxes67/77€3k€60k▲
Profit (loss) for the period9904€30k€134k▲
Profit (loss) for the period to be appropriated9905€30k€134k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€134k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€588k
Transfer to equity691/2€30k€134k▲
To other reserves6921€30k€134k▲
Profit to be distributed694/7-€588k
Return on contributions (dividend)694-€588k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
30-12
Financial
Liquidity times 19current ratio 208.20
Current ratio from 11.14 to 208.20; short-term debt falls from €253k to €13k.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-12
Financial
Back to profitnet €1.92M
Net result €1.92M after one loss-making year.
30-12
Financial
Liquidity times 8current ratio 11.14
Current ratio from 1.31 to 11.14; short-term debt falls from €1.91M to €253k.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 370 days late
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-12
Financial
Weakest financial yearnet €-22k ▼101%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
2021
30-12
Financial
Liquidity quadruplescurrent ratio 2.00
Current ratio from 0.51 to 2.00; short-term debt falls from €1.66M to €695k.
30-12
Financial
Equity above €2MEq €2.99M ▲99.6%
4 profitable years in a row build equity to €2.99M.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-12
Financial
Liquidity quadruplescurrent ratio 1.56
Current ratio from 0.44 to 1.56; short-term debt falls from €657k to €555k.
30-12
Financial
Equity above €2MEq €2.65M ▲40%
2 profitable years in a row build equity to €2.65M.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-06
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.
Directors · office · real estate
Directors
7 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, Schilde · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bellevuedreef 142970 SchildeGround area
400 m²
Building footprint
229 m²
Volume, LiDAR
1,396 m³
Parcel 11922C0447/00T000, Flanders · tallest building 20.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FINSTAR CAPITAL
since 19982.089.549.452
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922C0447/00T000 | Flanders | 400 m² | 1 · 229 m² | 20.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900SUX04TZTK4TR70
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 12,186 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-11-1998
Fiscal year end30-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.