Result
€140,165 €140,165
Back in profit in 2025, after a loss of €1.2m in 2024.
FIVANCO
Lifetime
19 annual accounts with figures on one time axis, 48 filings since 1977peak €3.0m (2009)
€120,500▼ 4.1%
lowest -€4.5m (2012)
€140,165▲ €1.4m
peak €80.5m (2008)
€56.6m▲ 0.2%
€39.3m▲ 27.2%
peak 5.2 FTE (2009)
2.8 FTEunchanged
Board4 names since 2020
2 directorsDAVHOLD and 1 other
Owners2 names in the annual accounts
99.99%DAVHOLD
Documentsfilings and deeds
09-07-202622 days before the deadline
2025financial year
Back to profit: €140,165Reappointment: BDO Bedrijfsrevisoren - BDO Réviseurs d'entrep… 29-01Debts from €30.9m to €39.3mInvestments €9.7mCash from €421,079 to €1.1m
Key points
from the 2025 annual accountsInvestments
€36,371 3.2 × depreciation
Green is investment, beige is depreciation.
Staff
2.8 FTE from 5.2 in 2009
Between 2009 and 2025, 46% of the full-time equivalents disappeared.
Payment terms
100 days to suppliers
FIVANCO pays its suppliers 32 days later than in 2024. Customers pay 8 days later.
Filings
48 annual accounts 49 filings since 1977
The 2017 accounts came 1 day late. The other nine of the last ten were filed on time.
Position in the sector
€56.6m
More equity than 85% of companies in financial services. Sector median €5.2m · 3,031 companies.
Financial institution: outside the modelBankruptcy probability: sector outside the model
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal, which does not raise the risk
1 signal.
neutral
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 days early
2024
17 days early
2023
27 days early
2022
12 days early
2021
12 days early
2020
32 days early
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
FB
Fransiska Bulkens
Director, since 24-06-2022
Shares in 29 companies, including Afidavid and Bovanco
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0407099793
Reappointment: BDO Bedrijfsrevisoren - BDO Réviseurs d'entreprises BV (statutory auditor)
Permanent representative: Veerle Catry · General meeting of 24-05-2024 · Gazette deed
Registered office moved from Zonnebeke to Kortrijk
New registered office: Beneluxpark 29 bus 0021, 8500 Kortrijk · Previous registered office: leperstraat 188, 8980 Zonnebeke · Board meeting of 25-04-2023 · Gazette deed
Appointment: Fransiska Bulkens (director)
General meeting of 24-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FIVANCO Kortrijk | €120,500 | - | 59.0% | 2.8 |
| BELCASINOS Middelkerke | €63,848 | -75.3% | 84.7% | 1.2 |
| ADGAR INVESTMENT AND DEVELOPMENT BELGIUM Antwerp | €178,483 | - | 20.5% | 1.5 |
| DR. IR. U. VANDEURZEN MANAGEMENT FIRM Lubbeek | €359,917 | - | 96.9% | 2.1 |
| ADRIAENSSENS MANAGEMENT EN BEHEER HOLDING Schilde | €225,078 | - | 67.2% | 2.1 |
| SERVICES ET PROMOTION DE LASNE Lasne | €261,107 | - | 58.9% | 0.8 |
| ANTEMM REAL ESTATE Waregem | €410,568 | -71.2% | 67.7% | 5.7 |
These companies have the same main activity as FIVANCO: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €30m and €130m, founded between 1985 and 1997.
Official details
Source: KBO- Status
- Active since 21-05-1970Normal situation
- Registered office
- 21 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Activities of holding companiesNACE 64210and 1 other
- Establishment unit
- 2.039.453.6058500 Kortrijk, since 01-10-1969
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €95.9m▲ 9.8%
- Employeeson 31-12-2025
- 3▼ 25.0%
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Companies linked to FIVANCO
Subsidiaries and holdings
- Centrimo100%
- INAFZO100%
- CONAFIN99.97%
- KORTRIJKSE VASTGOEDMAATSCHAPPIJ50%
- DE BERG25%
- KN DEVELOPMENT25%
- Miix18%
- Miix Holding17.8%
Insights on FIVANCO
FIVANCO has existed since 1970. Turnover fell from €3.0m in 2009 to €591,581 in 2010.
Solvency fell in 2025 from 64.6% to 59.0% because of higher long-term debts.
DAVHOLD holds all the shares.
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 FIVANCO
- What is the company number of FIVANCO?
- The company number of FIVANCO is 0407.099.793. The VAT number is the same number with BE in front: BE 0407.099.793.
- Where is FIVANCO based?
- The registered office is at Beneluxpark 29, 8500 Kortrijk.Company details
- What does FIVANCO do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of FIVANCO?
- FIVANCO is a public limited company (NV).
- When was FIVANCO founded?
- FIVANCO was founded on 21-05-1970.
- Is FIVANCO still active?
- Yes, FIVANCO is an active enterprise in the KBO register.
- How many employees does FIVANCO have?
- FIVANCO had an average of 2.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of FIVANCO?
- The turnover of FIVANCO was €120,500 in financial year 2025, according to the filed annual accounts.
- Is FIVANCO profitable?
- In financial year 2025, FIVANCO made a profit of €140,165.
- Where can I find the annual accounts of FIVANCO?
- FIVANCO filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FIVANCO due?
- FIVANCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies See the other companies in the same group.DAVHOLD · 38 companies
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