Summary
PARTFIN 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 €3.41M and a net result of €1.29M. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 82% of 2399 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 health 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.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.41M
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 · 5 filingsDeviation from the deadline
2025
22 d early
2024
20 d early
2023
26 d early
2022
32 d early
2021
31 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Equity
€3.41M▲ 9.5%
2024 · €3.12M
2018: €2.99Mlowest in 8 years
2019: €2.99M● +0.0% vs 2018
2020: €2.99M▲ +0.1% vs 2019
2021: €3.00M▲ +0.1% vs 2020
2022: €3.00M▲ +0.1% vs 2021
2023: €3.06M▲ +2.0% vs 2022
2024: €3.12M▲ +2.0% vs 2023
2025: €3.41M▲ +9.5% vs 2024highest in 8 years
2018 → 2025
Net result
€1.29M▲ 59.8%
2024 · €810k
2018: €2k
2019: €408▼ -78.4% vs 2018lowest in 8 years
2020: €3k▲ +635% vs 2019
2021: €2k▼ -28.7% vs 2020
2022: €2k▲ +0.2% vs 2021
2023: €559k▲ +25986% vs 2022
2024: €810k▲ +45.0% vs 2023
2025: €1.29M▲ +59.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€3.63M▲ 15.8%
2024 · €3.14M
2018: €3.01M
2019: €3.01M● -0.0% vs 2018lowest in 8 years
2020: €3.01M▲ +0.1% vs 2019
2021: €3.02M▲ +0.1% vs 2020
2022: €3.02M● +0.0% vs 2021
2023: €3.35M▲ +10.9% vs 2022
2024: €3.14M▼ -6.3% vs 2023
2025: €3.63M▲ +15.8% vs 2024highest in 8 years
2018 → 2025
Solvency
93.9%▼ 5.4pp
2024 · 99.3%
2018: 99.3%
2019: 99.3%● +0.0% vs 2018
2020: 99.3%● +0.0% vs 2019highest in 8 years
2021: 99.3%● -0.0% vs 2020
2022: 99.3%● +0.0% vs 2021
2023: 91.3%▼ -8.1% vs 2022lowest in 8 years
2024: 99.3%▲ +8.8% vs 2023
2025: 93.9%▼ -5.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€14k-€14k=€14k=€14k=€14k=
2021: €14khighest in 5 years
2022: €14k● 0.0% vs 2021highest in 5 years
2023: €14k● 0.0% vs 2022highest in 5 years
2024: €14k● 0.0% vs 2023highest in 5 years
2025: €14k● 0.0% vs 2024highest in 5 years
Equity€3.00M-€3.00M▲ 0.1%€3.06M▲ 2.0%€3.12M▲ 2.0%€3.41M▲ 9.5%
2021: €3.00Mlowest in 5 years
2022: €3.00M▲ +0.1% vs 2021
2023: €3.06M▲ +2.0% vs 2022
2024: €3.12M▲ +2.0% vs 2023
2025: €3.41M▲ +9.5% vs 2024highest in 5 years
Operating result€3k-€3k▲ 0.2%€-12k€-8k▲ 36.7%€-21k▼ 183%
2021: €3k
2022: €3k▲ +0.2% vs 2021highest in 5 years
2023: €-12k▼ -567% vs 2022
2024: €-8k▲ +36.7% vs 2023
2025: €-21k▼ -183% vs 2024lowest in 5 years
Net result€2k-€2k▲ 0.2%€559k▲ 25,986%€810k▲ 45.0%€1.29M▲ 59.8%
2021: €2klowest in 5 years
2022: €2k▲ +0.2% vs 2021
2023: €559k▲ +25986% vs 2022
2024: €810k▲ +45.0% vs 2023
2025: €1.29M▲ +59.8% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €8k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.63M
Fixed assets
€2.93M ▼ 2.2%
Current assets
€700k ▲ 405%
Equity and liabilities €3.63M
Equity
€3.41M ▲ 9.5%
Debt
€222k ▲ 876%
Debt's share of the balance-sheet total rises from 0.7% to 6.1%. Equity and debt are higher.
Key figures and ratios
ROE
38.0%▲
2024 · 26.0%
ROA
35.6%▲
2024 · 25.8%
Debt ≤ 1 year
€222k▲
2024 · €23k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.14M€3.63M▲
Fixed assets21/28€3.00M€2.93M▼
Financial fixed assets28€3.00M€2.93M▼
Affiliated companies280/1€3.00M€2.93M▼
Participating interests280€3.00M€2.93M▼
Current assets29/58€139k€700k▲
Amounts receivable within one year40/41-€5k
Trade receivables40-€4k
Other amounts receivable41-€646
Cash at bank and in hand54/58€138k€695k▲
Deferred charges and accrued income490/1€721€736▲
Equity and liabilities
Total equity and liabilities10/49€3.14M€3.63M▲
Equity10/15€3.12M€3.41M▲
Contributions10/11€3.00M€3.00M=
Capital10€3.00M€3.00M=
Issued capital100€3.00M€3.00M=
Reserves13€6k€29k▲
Non-distributable reserves130/1€6k€29k▲
Legal reserve130€6k€29k▲
Profit (loss) carried forward14€111k€382k▲
Amounts payable17/49€23k€222k▲
Amounts payable within one year42/48€23k€222k▲
Trade debts44€5k€18k▲
Suppliers440/4€5k€18k▲
Taxes, remuneration and social security45€224-
Taxes450/3€224-
Other amounts payable47/48€18k€204k▲
Accrued charges and deferred income492/3€73€44▼
Income statement
Code20242025
Operating income70/76A€14k€14k=
Turnover70€14k€14k=
Operating charges60/66A€22k€35k▲
Services and other goods61€21k€34k▲
Other operating charges640/8€967€998▲
Operating profit (loss)9901€-8k€-21k▼
Financial income75/76B€818k€1.32M▲
Recurring financial income75€818k€982k▲
Income from financial fixed assets750€818k€982k▲
Non-recurring financial income76B-€335k
Financial charges65/66B€624€570▼
Recurring financial charges65€624€570▼
Other financial charges652/9€624€570▼
Profit (loss) for the period before taxes9903€810k€1.29M▲
Profit (loss) for the period9904€810k€1.29M▲
Profit (loss) for the period to be appropriated9905€810k€1.29M▲
Appropriation of the result
Profit (loss) to be appropriated9906€864k€1.41M▲
Profit (loss) brought forward from the previous period14P€54k€111k▲
Transfer to equity691/2€3k€23k▲
To the legal reserve6920€3k€23k▲
Profit to be distributed694/7€750k€1.00M▲
Return on contributions (dividend)694€750k€1.00M▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €14k | €14k | €14k | €14k | €14k | = |
| Turnover70 | €14k | €14k | €14k | €14k | €14k | = |
| Operating charges60/66A | €11k | €11k | €26k | €22k | €35k | ▲ 64.0% |
| Services and other goods61 | €11k | €11k | €25k | €21k | €34k | ▲ 66.9% |
| Other operating charges640/8 | €868 | €868 | €960 | €967 | €998 | ▲ 3.2% |
| Operating profit (loss)9901 | €3k | €3k | €-12k | €-8k | €-21k | ▼ 183% |
| Financial income75/76B | €153 | €156 | €573k | €818k | €1.32M | ▲ 60.9% |
| Recurring financial income75 | €153 | €156 | €573k | €818k | €982k | ▲ 20.0% |
| Income from financial fixed assets750 | €103 | €106 | €573k | €818k | €982k | ▲ 20.0% |
| Income from current assets751 | €50 | €50 | €37 | - | - | - |
| Non-recurring financial income76B | - | - | - | - | €335k | - |
| Financial charges65/66B | €569 | €572 | €2k | €624 | €570 | ▼ 8.7% |
| Recurring financial charges65 | €569 | €572 | €2k | €624 | €570 | ▼ 8.7% |
| Debt charges650 | €100 | €100 | €992 | - | - | - |
| Other financial charges652/9 | €469 | €472 | €1k | €624 | €570 | ▼ 8.7% |
| Profit (loss) for the period before taxes9903 | €2k | €2k | €559k | €810k | €1.29M | ▲ 59.8% |
| Profit (loss) for the period9904 | €2k | €2k | €559k | €810k | €1.29M | ▲ 59.8% |
| Profit (loss) for the period to be appropriated9905 | €2k | €2k | €559k | €810k | €1.29M | ▲ 59.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.02M | €3.02M | €3.35M | €3.14M | €3.63M | ▲ 15.8% |
| Fixed assets21/28 | €3.00M | €3.00M | €3.00M | €3.00M | €2.93M | ▼ 2.2% |
| Financial fixed assets28 | €3.00M | €3.00M | €3.00M | €3.00M | €2.93M | ▼ 2.2% |
| Affiliated companies280/1 | €3.00M | €3.00M | €3.00M | €3.00M | €2.93M | ▼ 2.2% |
| Participating interests280 | €3.00M | €3.00M | €3.00M | €3.00M | €2.93M | ▼ 2.2% |
| Current assets29/58 | €17k | €18k | €349k | €139k | €700k | ▲ 405% |
| Amounts receivable within one year40/41 | €9k | €5k | €6k | - | €5k | - |
| Trade receivables40 | €4k | - | €4k | - | €4k | - |
| Other amounts receivable41 | €5k | €5k | €2k | - | €646 | - |
| Cash at bank and in hand54/58 | €7k | €13k | €342k | €138k | €695k | ▲ 403% |
| Deferred charges and accrued income490/1 | €664 | €723 | €738 | €721 | €736 | ▲ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.02M | €3.02M | €3.35M | €3.14M | €3.63M | ▲ 15.8% |
| Equity10/15 | €3.00M | €3.00M | €3.06M | €3.12M | €3.41M | ▲ 9.5% |
| Contributions10/11 | €3.00M | €3.00M | €3.00M | €3.00M | €3.00M | = |
| Capital10 | €3.00M | €3.00M | €3.00M | €3.00M | €3.00M | = |
| Issued capital100 | €3.00M | €3.00M | €3.00M | €3.00M | €3.00M | = |
| Reserves13 | - | - | €3k | €6k | €29k | ▲ 403% |
| Non-distributable reserves130/1 | - | - | €3k | €6k | €29k | ▲ 403% |
| Legal reserve130 | - | - | €3k | €6k | €29k | ▲ 403% |
| Profit (loss) carried forward14 | €-4k | €-2k | €54k | €111k | €382k | ▲ 245% |
| Amounts payable17/49 | €22k | €21k | €293k | €23k | €222k | ▲ 876% |
| Amounts payable within one year42/48 | €22k | €21k | €292k | €23k | €222k | ▲ 879% |
| Trade debts44 | €2k | €2k | €13k | €5k | €18k | ▲ 266% |
| Suppliers440/4 | €2k | €2k | €13k | €5k | €18k | ▲ 266% |
| Taxes, remuneration and social security45 | €303 | €301 | - | €224 | - | - |
| Taxes450/3 | €303 | €301 | - | €224 | - | - |
| Other amounts payable47/48 | €20k | €19k | €279k | €18k | €204k | ▲ 1,066% |
| Accrued charges and deferred income492/3 | €153 | €156 | €1k | €73 | €44 | ▼ 39.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €2k | €559k | €810k | €1.29M | ▲ 59.8% |
| Operating cash flow (approximation) | €2k | €2k | €559k | €810k | €1.29M | ▲ 59.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €67k | - |
| Change in cash | - | €5k | €329k | €-204k | €557k | ▲ 373% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.29M ▲59.8%
Net result €1.29M, the highest in the series.
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 5current ratio 6.11
Current ratio from 1.19 to 6.11; short-term debt falls from €292k to €23k.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
2019
31-12
Financial
Weakest financial yearnet €408 ▼78.4%
Net result drops to €408, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Saint-Nicolas · 1 establishment unit since 2016
Ground area
1.1 ha
Building footprint
595 m²
Volume, LiDAR
5,586 m³
Parcel 62102A0267/00E000, Wallonia · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 establishment unit
Partfin
since 20162.253.839.837
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62102A0267/00E000 | Wallonia | 1.1 ha | 1 · 595 m² | 13.1 m · 4 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.
Similar companies · same sector, comparable size
ANTOINE RAMAN HOLDING
BE 0832.212.884
Lede · Eq €3,411,755
Roasting Collective
BE 1010.124.148
Hemiksem · Eq €3,413,491
ARDEN SPIRITS
BE 0786.747.402
Namur · Eq €3,415,336
ORIM
BE 0849.315.073
Sint-Martens-Latem · Eq €3,416,457
Jack2
BE 0898.720.044
Middelkerke · Eq €3,406,532
Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 9,322 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.