Equity
-€67,883
Debts exceed assets in financial year 2025.
FinUp
Lifetime
17 annual accounts with figures on one time axis, 25 filings since 2001peak €50,082 (2025)
€50,082▲ 143%
lowest -€12,543 (2013)
€27,395▲ 87.8%
peak -€55,658 (2012)
-€67,883▲ €27,395
€132,220▼ 5.1%
Board6 names since 2000
1 director
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €20,647 to €50,082Result from €14,587 to €27,395Equity from -€95,278 to -€67,883Cash from €5,516 to €9,417
Key points
from the 2025 annual accountsDebts
€132,220 206% of the balance sheet
Financial debts 11%Suppliers 2%Taxes and wages 9%Other 78%
Of this, €117,655 falls due within a year.
Position in the sector
-€67,883
Less equity than 89% of companies in paper. Sector median €89,706 · 56 companies.
2025 accounts filed 31 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,795 companies had the same profile as FinUp has now. Each dot stands for 10 companies, two years later.
91.4%
were still trading
5.4%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,795 companies, not a prediction for FinUp. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Company renamed from TRI-INDUSTRIAL PACKAGING & MACHINERY to FinUp
Registered office moved from Herzele to Zwalm · New registered office: Hundelgemsebaan 48, 9630 Zwalm (Hundelgem) · Previous registered office: Kauwstraat 48, 9550 Herzele · General meeting of 24-01-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0471425542
Resignation: (director)
Appointment: (director) · General meeting of 14-04-2023 · Gazette deed
New manager
appointed, resigned · General meeting of 01-05-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FinUp Zwalm | €64,336 | €50,082 | -105.5% | - |
| AGRI PACKAGING Zottegem | €81,036 | €20,019 | 34.0% | 1 |
| FLORIENT - MULLER Anderlecht | €190,037 | €22,301 | 39.6% | - |
| Atelier V.O. Auderghem | €165,493 | €51,481 | 90.1% | - |
| B.A.S.H. Pelt | €219,100 | €45,678 | 54.6% | - |
| DE WITTE OOIEVAAR Grimbergen | €316,422 | €81,611 | 36.9% | 1 |
| C.D. PAPER PRODUCTS Villers-la-Ville | €474,296 | €31,343 | 54.6% | - |
These companies have the same main activity as FinUp: manufacture of paper and paper products (NACE 17210). They are comparable in size and age: total assets between €81,000 and €474,000, founded between 1986 and 2011.
Official details
Source: KBO- Status
- Active since 14-03-2000Normal situation
- Activity
- Manufacture of paper and paper productsNACE 17210and 4 others
- Establishment unit
- 2.097.187.9069630 Zwalm, since 16-03-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 21-01-2024
Annual accounts 2025
- ≈ €150,000estimated
- €64,336▲ 46.3%
- ≈ 0 FTEestimated
- Filing
- Filed on 31-08-2026
Insights on FinUp
FinUp files the micro format. That format states no turnover. The gross margin rose from €3,944 in 2009 to €50,082 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FinUp
- What is the company number of FinUp?
- The company number of FinUp is 0471.425.542. The VAT number is the same number with BE in front: BE 0471.425.542.
- Where is FinUp based?
- The registered office is at Hundelgemsebaan 48, 9630 Zwalm.Company details
- What does FinUp do?
- According to the KBO register, the main activity is manufacture of paper and paper products (NACE 17210).
- What is the legal form of FinUp?
- FinUp is a private limited company (BV).
- When was FinUp founded?
- FinUp was founded on 14-03-2000.
- Is FinUp still active?
- Yes, FinUp is an active enterprise in the KBO register.
- What is the turnover of FinUp?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €50,082 and 2,662 comparable companies of the same size. It probably lies between €99,000 and €260,000. It is a rough estimate.Financials
- Is FinUp profitable?
- In financial year 2025, FinUp made a profit of €27,395.
- Where can I find the annual accounts of FinUp?
- FinUp filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FinUp due?
- FinUp must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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