Summary
FIONN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €14,548 and a net result of €50,962. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 8102 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8102 sector peers (2025).
NBB · sector comparisonPosition among 8102 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
11 d early
2024
on the day
2023
34 d early
2022
11 d early
2021
78 d late
2020
9 d early
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€14,548
2024 · -€36,413
Net result
€50,962
2024 · -€15,811
Total assets
€471,743▼ 4.3%
2024 · €492,905
Solvency
3.1%▲ 10.5pp
2024 · -7.4%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€96,000
Operating result€40,882€42,058▲ 2.9%€41,144▼ 2.2%€6,234▼ 84.8%€67,540▲ 983%
Net result€28,417within the sector's middle half€31,984within the sector's middle half▲ 12.6%€20,061within the sector's middle half▼ 37.3%-€15,811below the sector's middle half€50,962within the sector's middle half
Equity-€72,647below the sector's middle half▲ 28.1%-€40,663below the sector's middle half▲ 44.0%-€20,603below the sector's middle half▲ 49.3%-€36,413below the sector's middle half▼ 76.7%€14,548below the sector's middle half
Total assets€596,423within the sector's middle half▼ 6.2%€638,217within the sector's middle half▲ 7.0%€516,823within the sector's middle half▼ 19.0%€492,905within the sector's middle half▼ 4.6%€471,743within the sector's middle half▼ 4.3%
Debt€669,071▼ 9.2%€678,880▲ 1.5%€537,425▼ 20.8%€529,319▼ 1.5%€457,194▼ 13.6%
Working capital-€207,593below the sector's middle half▲ 5.1%€19,836within the sector's middle half-€64,428below the sector's middle half-€99,537below the sector's middle half▼ 54.5%-€66,316below the sector's middle half▲ 33.4%
Solvency-12.2%below the sector's middle half▲ 3.7pp-6.4%below the sector's middle half▲ 5.8pp-4.0%below the sector's middle half▲ 2.4pp-7.4%below the sector's middle half▼ 3.4pp3.1%below the sector's middle half▲ 10.5pp
Current ratio0.00below the sector's middle half=1.32within the sector's middle half▲ 1.310.01below the sector's middle half▼ 1.300.01below the sector's middle half▼ 0.010.05below the sector's middle half▲ 0.04
Return on assets (ROA)4.8%within the sector's middle half▲ 10.4pp5.0%within the sector's middle half▲ 0.2pp3.9%within the sector's middle half▼ 1.1pp-3.2%below the sector's middle half▼ 7.1pp10.8%within the sector's middle half▲ 14.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 recovers in 2025; 2025 is 983% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €471,743
Fixed assets
€468,313 ▼ 4.8%
Current assets
€3,430 ▲ 340%
Equity and liabilities €471,743
Equity
€14,548
Debt
€457,194
Debt finances 96.9% of the balance-sheet total.
Key figures and ratios
ROE
350.3%
Debt ≤ 1 year
€69,746▼
2024 · €100,317
Debt > 1 year
€387,448▼
2024 · €429,002
Income taxes
€1,075
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €96,000 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €9,157 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,863 | €39,863 | €39,863 | €23,813 | €23,813 | = |
| Other operating charges640/8 | €6,098 | €6,484 | €7,101 | €7,668 | €2,216 | ▼ 71.1% |
| Non-recurring operating charges66A | - | - | - | €50,000 | - | - |
| Gross operating margin9900 | €86,843 | €88,405 | €88,109 | €87,714 | €93,568 | ▲ 6.7% |
| Operating profit (loss)9901 | €40,882 | €42,058 | €41,144 | €6,234 | €67,540 | ▲ 983% |
| Financial charges65/66B | €12,464 | €10,074 | €21,084 | €22,044 | €15,503 | ▼ 29.7% |
| Recurring financial charges65 | €12,464 | €10,074 | €21,084 | €22,044 | €15,503 | ▼ 29.7% |
| Profit (loss) for the period before taxes9903 | €28,417 | €31,984 | €20,061 | -€15,811 | €52,037 | ▲ 429% |
| Income taxes67/77 | - | - | - | - | €1,075 | - |
| Profit (loss) for the period9904 | €28,417 | €31,984 | €20,061 | -€15,811 | €50,962 | ▲ 422% |
| Profit (loss) for the period to be appropriated9905 | €28,417 | €31,984 | €20,061 | -€15,811 | €50,962 | ▲ 422% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €596,423 | €638,217 | €516,823 | €492,905 | €471,743 | ▼ 4.3% |
| Fixed assets21/28 | €595,664 | €555,801 | €515,938 | €492,125 | €468,313 | ▼ 4.8% |
| Tangible fixed assets22/27 | €595,664 | €555,801 | €515,938 | €492,125 | €468,313 | ▼ 4.8% |
| Land and buildings22 | €595,664 | €555,801 | €515,938 | €492,125 | €468,313 | ▼ 4.8% |
| Current assets29/58 | €760 | €82,417 | €885 | €780 | €3,430 | ▲ 340% |
| Amounts receivable after more than one year29 | - | €70,100 | - | - | - | - |
| Trade receivables290 | - | €70,100 | - | - | - | - |
| Amounts receivable within one year40/41 | - | €9,377 | - | - | - | - |
| Other amounts receivable41 | - | €9,377 | - | - | - | - |
| Cash at bank and in hand54/58 | €117 | €2,261 | €122 | €0 | €153 | ▲ 50,970% |
| Deferred charges and accrued income490/1 | €643 | €679 | €763 | €780 | €3,277 | ▲ 320% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €596,423 | €638,217 | €516,823 | €492,905 | €471,743 | ▼ 4.3% |
| Equity10/15 | -€72,647 | -€40,663 | -€20,603 | -€36,413 | €14,548 | ▲ 140% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | €12,400 | - | - | - | - | - |
| Other1109/19 | €12,400 | - | - | - | - | - |
| Reserves13 | - | - | - | - | €2,148 | - |
| Distributable reserves133 | - | - | - | - | €2,148 | - |
| Profit (loss) carried forward14 | -€85,047 | -€53,063 | -€33,003 | -€48,813 | - | - |
| Amounts payable17/49 | €669,071 | €678,880 | €537,425 | €529,319 | €457,194 | ▼ 13.6% |
| Amounts payable after more than one year17 | €460,718 | €616,300 | €472,112 | €429,002 | €387,448 | ▼ 9.7% |
| Financial debts170/4 | €457,620 | €401,329 | €343,830 | €281,529 | €216,232 | ▼ 23.2% |
| Other amounts payable178/9 | €3,098 | €214,971 | €128,283 | €147,473 | €171,217 | ▲ 16.1% |
| Amounts payable within one year42/48 | €208,352 | €62,581 | €65,313 | €100,317 | €69,746 | ▼ 30.5% |
| Current portion of amounts payable after more than one year42 | €60,182 | €56,291 | €57,500 | €62,301 | €65,297 | ▲ 4.8% |
| Trade debts44 | - | €6,290 | €7,813 | €38,016 | €3,374 | ▼ 91.1% |
| Suppliers440/4 | - | €6,290 | €7,813 | €38,016 | €3,374 | ▼ 91.1% |
| Taxes, remuneration and social security45 | - | - | - | - | €1,075 | - |
| Taxes450/3 | - | - | - | - | €1,075 | - |
| Other amounts payable47/48 | €148,171 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,417 | €31,984 | €20,061 | -€15,811 | €50,962 | ▲ 422% |
| + Depreciation and write-downs630 | €39,863 | €39,863 | €39,863 | €23,813 | €23,813 | = |
| Operating cash flow (approximation) | €68,280 | €71,847 | €59,924 | €8,002 | €74,774 | ▲ 834% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,144 | -€2,139 | -€122 | €153 | ▲ 225% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
20-03
State Gazette act
Resignation: Patrick Joseph Foley (non-statutory director)Appointments: Lucia Hurbaničová (non-statutory director) and Jack Daniel Ferns (non-statutory director) · Director discharge · Mandate compensation7 facts ▸
State Gazette act
Resignation: Patrick Joseph Foley (non-statutory director)
Appointments: Lucia Hurbaničová (non-statutory director) and Jack Daniel Ferns (non-statutory director) · Director discharge · Mandate compensation7 facts ▸
- General meeting, 01/10/2025
- Director resignation, Patrick Joseph Foley (non-statutory director)
- Director discharge, Patrick Joseph Foley
- Director appointment, Lucia Hurbaničová (non-statutory director)
- Mandate compensation, Lucia Hurbaničová
- Director appointment, Jack Daniel Ferns (non-statutory director)
- Mandate compensation, Jack Daniel Ferns
2025
31-12
Financial
Back to profitnet €50,962
Net result €50,962 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 361current ratio 1.32
Current ratio from 0.00 to 1.32; short-term debt falls from €208,352 to €62,581.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Back to profitnet €28,417
Net result €28,417 after 3 loss-making years.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet -€65,958
Net result drops to -€65,958, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2025
Jack Daniel Ferns
CurrentNon-statutory director · since 01-10-2025
Lucia Hurbaničová
CurrentNon-statutory director · since 01-10-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2016
Ground area
513 m²
Building footprint
448 m²
Volume, LiDAR
4,529 m³
Parcel 44815F1115/00B000, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
FIONN
since 20162.345.014.689
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F1115/00B000 | Flanders | 513 m² | 1 · 448 m² | 14.3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
3 people since 2025, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jack Daniel Ferns |
|
| Lucia Hurbaničová |
|
| FOLEY Patrick Joseph |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 6,289 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
Founded20-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0667911613
Registered
05-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.