PORTFINECO
ActivePORTFINECO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.53M and a net result of €529k. Equity is growing by ~10.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
75
/ 100
Excellent▼ -18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-52
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €410k at 30 days acceptable
Liquidity ample (current ratio 3.44 against 1.94 in 2024), and 11.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.7%
Return on assets
8.5%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
65 d early
2023
49 d early
2022
68 d early
2021
39 d early
2020
67 d early
2019
52 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€529k▼ 80.7%
2024 · €2.73M
2018: €78k
2019: €100k
2020: €242k
2021: €884k
2022: €465k
2023: €1.90M
2024: €2.73M
2018 → 2025
Working capital
€1.72M▼ 9.1%
2024 · €1.89M
2018: €-1.28M
2019: €809k
2020: €843k
2021: €393k
2022: €258k
2023: €1.16M
2024: €1.89M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.20M-€4.07M▼ 3.2%€4.97M▲ 22.1%€5.70M▲ 14.8%€5.53M▼ 3.0%
Operating result€81k-€-32k€-47k▼ 46.4%€-50k▼ 4.9%€-48k▲ 2.8%
Net result€884k-€465k▼ 47.4%€1.90M▲ 308%€2.73M▲ 44.1%€529k▼ 80.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48k in 2025 against €50k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.23M
Fixed assets
€3.81M=
Current assets
€2.42M▼ 37.8%
Equity and liabilities €6.23M
Equity
€5.53M▼ 3.0%
Debt
€704k▼ 64.9%
The debt ratio falls from 26.0% to 11.3%: debt falls faster than equity shrinks.
Key figures and ratios
Solvency
88.7%▲
2024 · 74.0%
Current ratio
3.44▲
2024 · 1.94
Quick ratio
3.44▲
2024 · 1.94
Debt / equity
0.13▼
2024 · 0.35
ROE
9.6%▼
2024 · 48.0%
ROA
8.5%▼
2024 · 35.5%
Debt
€704k▼
2024 · €2.01M
Debt ≤ 1 year
€704k▼
2024 · €2.01M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.71M€6.23M▼
Fixed assets21/28€3.81M€3.81M=
Financial fixed assets28€3.81M€3.81M=
Companies linked by participating interests282/3€3.81M€3.81M=
Participating interests282€3.81M€3.81M=
Current assets29/58€3.90M€2.42M▼
Amounts receivable within one year40/41€3.85M€2.42M▼
Other amounts receivable41€3.85M€2.42M▼
Cash at bank and in hand54/58€31k€2k▼
Deferred charges and accrued income490/1€18k€6k▼
Equity and liabilities
Total equity and liabilities10/49€7.71M€6.23M▼
Equity10/15€5.70M€5.53M▼
Contributions10/11€3.60M€3.60M=
Capital10€3.60M€3.60M=
Issued capital100€3.60M€3.60M=
Reserves13€323k€360k▲
Non-distributable reserves130/1€323k€360k▲
Legal reserve130€323k€360k▲
Profit (loss) carried forward14€1.78M€1.57M▼
Amounts payable17/49€2.01M€704k▼
Amounts payable within one year42/48€2.01M€704k▼
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Other amounts payable47/48€2.00M€700k▼
Income statement
Code20242025
Operating charges60/66A€50k€48k▼
Services and other goods61€47k€48k▲
Other operating charges640/8€2k€185▼
Operating profit (loss)9901€-50k€-48k▲
Financial income75/76B€2.78M€577k▼
Recurring financial income75€2.78M€577k▼
Income from financial fixed assets750€2.76M€541k▼
Income from current assets751€22k€37k▲
Financial charges65/66B€121€370▲
Recurring financial charges65€121€370▲
Other financial charges652/9€121€370▲
Profit (loss) for the period before taxes9903€2.73M€529k▼
Profit (loss) for the period9904€2.73M€529k▼
Profit (loss) for the period to be appropriated9905€2.73M€529k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.91M€2.31M▼
Profit (loss) brought forward from the previous period14P€1.18M€1.78M▲
Transfer to equity691/2€137k€37k▼
To the legal reserve6920€137k€37k▼
Profit to be distributed694/7€2.00M€700k▼
Return on contributions (dividend)694€2.00M€700k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment · Permanent representative11 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment · Permanent representative11 facts ▸
- General meeting, 2025-03-26
- Auditor reappointment, commissaris, 3 years
- Permanent representative, Michaël Delbeke
- Director appointment, Dirk De Fauw (bestuurder)
- Director appointment, Tom Hautekiet (bestuurder)
- Director appointment, Mieke Hoste (bestuurder)
- Director appointment, Christophe De Waele (bestuurder)
- Board composition, A-bestuurder, 2025-03-26
- Board composition, A-bestuurder, 2025-03-26
- Board composition, B-bestuurder, 2025-03-26
- Board composition, B-bestuurder, 2025-03-26
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €2.73M ▲44.1%
Net result €2.73M, the highest in the series.
31-12
Financial
Equity above €5MEq €5.70M ▲14.8%
7 profitable years in a row build equity to €5.70M.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity triplescurrent ratio 5.09
Current ratio from 2.02 to 5.09; short-term debt falls from €796k to €206k.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 9current ratio 2.02
Current ratio from 0.22 to 2.02; short-term debt falls from €1.64M to €796k.
31-12
Financial
Equity above €2MEq €3.68M ▲780%
2 profitable years in a row build equity to €3.68M.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2025
This board is reconstructed from a single act (26109855). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Christophe De Waele
CurrentDirector · since 26-03-2025
Dirk De Fauw
CurrentDirector · since 26-03-2025
Mieke Hoste
CurrentDirector · since 26-03-2025
Tom Hautekiet
CurrentDirector · since 26-03-2025
26-03-2025
Christophe De Waele: Appointed as Director
26-03-2025
Dirk De Fauw: Appointed as Director
26-03-2025
Mieke Hoste: Appointed as Director
26-03-2025
Tom Hautekiet: Appointed as Director
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Isabellalaan 18380 BruggeGround area
2,909 m²
Building footprint
2,909 m²
Volume, LiDAR
28,513 m³
Parcel 31812S0246/00B000, Flanders · tallest building 37.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PORTFINECO
since 20112.292.298.357
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812S0246/00B000 | Flanders | 2,909 m² | 1 · 2,909 m² | 37.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| BDO Bedrijfsrevisoren BV CVBACurrent Statutory auditor · represented by Michaël Delbeke | 26-03-2025 → present |
Structure & network
Connections & network
8 connected companiesLinked via shared directors
viaDirk De Fauw · Director
→
viaDirk De Fauw · Director
→
viaDirk De Fauw · B bestuurder
→
viaDirk De Fauw · Director
former→
Show 4 more companies with a shared director
viaDirk De Fauw · Director
former→
viaDirk De Fauw · Director
former→
viaDirk De Fauw · Director
former→
viaDirk De Fauw · Director
former→
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-07-2011
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.