FINVESCO
ActiveSummary
FINVESCO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €267,054 and a net result of €7,020. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 18934 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+12
Solvency52▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 1.99 against 1.3 in 2023; short-term debt: 13.2% and cash: 23.4% of total assets), but 72.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d late
2023
30 d late
2022
6 d early
2021
9 d early
2020
8 d early
2019
7 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 7 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 company by total assets in Wevelgem, Accommodation and food service sector#7 company by equity in Wevelgem, Accommodation and food service sector
Equity
€267,054▲ 2.7%
2023 · €260,034
Total assets
€983,820▼ 9.9%
2023 · €1.1m
Net result
€7,020
2023 · -€12,722
Working capital
€127,940▲ 156%
2023 · €49,946
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20202021202220232024
Operating result€39,308▲ 12.8%€138,576▲ 253%-€17,610-€17,330▲ 1.6%€275
Net result€315within the sector's middle half€111,931above the sector's middle half▲ 35,457%-€21,822below the sector's middle half-€12,722below the sector's middle half▲ 41.7%€7,020within the sector's middle half
Equity€182,646above the sector's middle half▲ 0.2%€294,577above the sector's middle half▲ 61.3%€272,756above the sector's middle half▼ 7.4%€260,034above the sector's middle half▼ 4.7%€267,054above the sector's middle half▲ 2.7%
Total assets€1.5mabove the sector's middle half▼ 13.1%€1.4mabove the sector's middle half▼ 8.3%€1.2mabove the sector's middle half▼ 14.8%€1.1mabove the sector's middle half▼ 6.7%€983,820above the sector's middle half▼ 9.9%
Debt€1.3m▼ 14.7%€1.1m▼ 18.0%€897,299▼ 16.9%€831,453▼ 7.3%€716,766▼ 13.8%
Working capital-€234,003below the sector's middle half▲ 47.9%€86,523above the sector's middle half€68,833above the sector's middle half▼ 20.4%€49,946above the sector's middle half▼ 27.4%€127,940above the sector's middle half▲ 156%
Solvency12.2%within the sector's middle half▲ 1.6pp21.4%within the sector's middle half▲ 9.3pp23.3%within the sector's middle half▲ 1.9pp23.8%within the sector's middle half▲ 0.5pp27.1%within the sector's middle half▲ 3.3pp
Current ratio0.46within the sector's middle half▲ 0.301.32within the sector's middle half▲ 0.871.43within the sector's middle half▲ 0.111.30within the sector's middle half▼ 0.141.99within the sector's middle half▲ 0.69
Return on assets (ROA)0.0%within the sector's middle half▲ 0.4pp8.1%within the sector's middle half▲ 8.1pp-1.9%within the sector's middle half▼ 10.0pp-1.2%within the sector's middle half▲ 0.7pp0.7%within the sector's middle half▲ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 returns to profit in 2024: €275 after a loss of €17,330 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €983,820
Fixed assets
€726,432 ▼ 16.8%
Current assets
€257,388 ▲ 17.7%
Equity and liabilities €983,820
Equity
€267,054 ▲ 2.7%
Debt
€716,766 ▼ 13.8%
Debt's share of the balance-sheet total falls from 76.2% to 72.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69,640▲
2023 · €62,124
Cash flow
€76,385▲
2023 · €66,732
Debt to equity
2.68▼
2023 · 3.20
ROE
2.6%▲
2023 · -4.9%
Interest coverage
5.47▲
2023 · 4.24
Debt ≤ 1 year
€129,448▼
2023 · €168,758
Debt > 1 year
€587,318▼
2023 · €662,695
Income taxes
€456▲
2023 · €371
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,681 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,211 | €78,836 | €78,567 | €79,454 | €69,365 | ▼ 12.7% |
| Other operating charges640/8 | - | €3,971 | €4,923 | €3,344 | €3,405 | ▲ 1.8% |
| Gross operating margin9900 | €124,951 | €221,383 | €65,880 | €65,468 | €73,045 | ▲ 11.6% |
| Operating profit (loss)9901 | €39,308 | €138,576 | -€17,610 | -€17,330 | €275 | ▲ 102% |
| Financial income75/76B | - | €15 | €12,459 | €19,617 | €19,943 | ▲ 1.7% |
| Recurring financial income75 | €8 | €15 | €12,459 | €19,617 | €19,943 | ▲ 1.7% |
| Financial charges65/66B | - | €21,963 | €16,217 | €14,638 | €12,741 | ▼ 13.0% |
| Recurring financial charges65 | €38,599 | €21,963 | €16,217 | €14,638 | €12,741 | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | €717 | €116,629 | -€21,368 | -€12,351 | €7,477 | ▲ 161% |
| Income taxes67/77 | €402 | €4,698 | €454 | €371 | €456 | ▲ 22.8% |
| Profit (loss) for the period9904 | €315 | €111,931 | -€21,822 | -€12,722 | €7,020 | ▲ 155% |
| Profit (loss) for the period to be appropriated9905 | €315 | €111,931 | -€21,822 | -€12,722 | €7,020 | ▲ 155% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.2m | €1.1m | €983,820 | ▼ 9.9% |
| Fixed assets21/28 | €1.3m | €1.0m | €941,514 | €872,783 | €726,432 | ▼ 16.8% |
| Tangible fixed assets22/27 | €959,197 | €620,581 | €542,014 | €473,283 | €405,880 | ▼ 14.2% |
| Land and buildings22 | - | €594,571 | €528,443 | €471,526 | €403,797 | ▼ 14.4% |
| Plant, machinery and equipment23 | - | €3,246 | €2,035 | €1,440 | €844 | ▼ 41.4% |
| Furniture and vehicles24 | - | €22,763 | €11,536 | €317 | €1,239 | ▲ 290% |
| Financial fixed assets28 | €344,450 | €399,500 | €399,500 | €399,500 | €320,552 | ▼ 19.8% |
| Current assets29/58 | €195,576 | €353,961 | €228,540 | €218,704 | €257,388 | ▲ 17.7% |
| Amounts receivable after more than one year29 | - | - | - | - | €16,000 | - |
| Other amounts receivable291 | - | - | - | - | €16,000 | - |
| Amounts receivable within one year40/41 | €26,175 | €3,433 | €107,146 | €14,853 | €9,544 | ▼ 35.7% |
| Trade receivables40 | - | - | €2,603 | €11,631 | €2,368 | ▼ 79.6% |
| Other amounts receivable41 | - | €3,433 | €104,544 | €3,222 | €7,177 | ▲ 123% |
| Cash at bank and in hand54/58 | €167,574 | €344,632 | €119,094 | €201,729 | €230,024 | ▲ 14.0% |
| Deferred charges and accrued income490/1 | - | €5,895 | €2,300 | €2,122 | €1,820 | ▼ 14.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.2m | €1.1m | €983,820 | ▼ 9.9% |
| Equity10/15 | €182,646 | €294,577 | €272,756 | €260,034 | €267,054 | ▲ 2.7% |
| Contributions10/11 | - | €251,860 | €251,860 | €251,860 | €251,860 | = |
| Reserves13 | - | €42,717 | €42,717 | €42,717 | €42,717 | = |
| Distributable reserves133 | - | €42,717 | €42,717 | €42,717 | €42,717 | = |
| Profit (loss) carried forward14 | -€69,214 | - | -€21,822 | -€34,544 | -€27,523 | ▲ 20.3% |
| Amounts payable17/49 | €1.3m | €1.1m | €897,299 | €831,453 | €716,766 | ▼ 13.8% |
| Amounts payable after more than one year17 | €885,975 | €812,016 | €737,592 | €662,695 | €587,318 | ▼ 11.4% |
| Financial debts170/4 | - | €812,016 | €737,592 | €662,695 | €587,318 | ▼ 11.4% |
| Amounts payable within one year42/48 | €429,579 | €267,438 | €159,707 | €168,758 | €129,448 | ▼ 23.3% |
| Current portion of amounts payable after more than one year42 | - | €73,959 | €73,373 | €73,845 | €75,377 | ▲ 2.1% |
| Trade debts44 | €499 | €5,732 | €2,113 | €16,258 | €9,891 | ▼ 39.2% |
| Suppliers440/4 | - | €5,732 | €2,113 | €16,258 | €9,891 | ▼ 39.2% |
| Taxes, remuneration and social security45 | - | €32,674 | €22,804 | €15,193 | €20,049 | ▲ 32.0% |
| Taxes450/3 | - | €32,674 | €22,804 | €15,193 | €20,049 | ▲ 32.0% |
| Other amounts payable47/48 | - | €155,073 | €61,418 | €63,462 | €24,132 | ▼ 62.0% |
| Accrued charges and deferred income492/3 | - | €11 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €315 | €111,931 | -€21,822 | -€12,722 | €7,020 | ▲ 155% |
| + Depreciation and write-downs630 | €80,211 | €78,836 | €78,567 | €79,454 | €69,365 | ▼ 12.7% |
| Operating cash flow (approximation) | €80,525 | €190,767 | €56,745 | €66,732 | €76,385 | ▲ 14.5% |
| Investment in fixed assets (approximation) | - | €204,730 | €0 | -€10,723 | €76,986 | ▲ 818% |
| Change in cash | - | €177,058 | -€225,538 | €82,635 | €28,295 | ▼ 65.8% |
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
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
31-12
Financial
Back to profitnet €7,020
Net result €7,020 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€21,822
Net result drops to -€21,822, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €111,931 ▲35,457%
Operating result €138,576, net result €111,931, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.32
Current ratio from 0.46 to 1.32; short-term debt falls from €429,579 to €267,438.
31-12
Financial
Equity above €200,000Eq €294,577 ▲61.3%
2 profitable years in a row build equity to €294,577.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €315
Net result €315 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-06
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 5 acts read
About the unread acts
We know of 5 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
5 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, Wevelgem · 1 establishment unit since 2000
Ground area
1.3 ha
Building footprint
295 m²
Volume, LiDAR
1,545 m³
Parcel 34041C0076/00D000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
't Goed Indoye
since 20002.099.851.842
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0076/00D000 | Flanders | 1.3 ha | 1 · 295 m² | 10.2 m · 2 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
Owners and holdings
4 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 4
-
30.77%
-
17.02%
-
12.46%
-
12.45%
According to the 2024 annual accounts of FINVESCO and those 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWevelgem2.099.851.842
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Of 7,499 companies in sector 56210 we hold annual accounts for 2,451. 1,630 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
Founded15-09-2000
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
46190Agents in non-specialised wholesale trade
68310Real estate agency activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472767211
Also
9925:BE0472767211
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.