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PORTFINECO

Active
Public limited companyfounded 2011active for 15 yearsIsabellalaan 1, 8380 Brugge, Belgium10 active companies are registered at this addressKBO/BCE: BE 0837.729.216

From the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

PORTFINECO has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.5m and a net result of €528,902. Equity has been growing by about 10% per year since 2018. The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
PORTFINECOActiveChecked score 87/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 06-07-2011 Normal situation
Legal form
Public limited company
Registered office
Isabellalaan 1, 8380 Brugge
Activity
No activity registered in the KBO
Establishment unit
2.292.298.357 8380 Brugge, since 06-07-2011
Financial year end
31 December
Peppol
Reachable
Company details

Board and ownership

Board
Auditor
BDO Bedrijfsrevisoren BV CVBA
Shareholders
Holdings
Shares in 3 companies including Seagull I and ICO WINDPARK
Board & ownership

Financial position

87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Profit
€528,902
▼ 80.7%
Equity
€5.5m
▼ 3.0%
Total assets
€6.2m
▼ 19.1%
2025 accounts filed 72 days before the deadline
Filed on 20-05-2026PDF
Financials
Score breakdownraises riskLiquidity: current ratio 3.44, cash €2,170, halvedNo main activity registeredlowers riskSize: total assets €6.2mFounded in 2011Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 52% of small companies without a NACE code
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 100+1
equity 88.7% of total assets
Liquidity 49+9
short-term debt 11.3% · cash 0.0%
Profitability 59-41
return on assets 8.5%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: 0.1%▲ +0.1 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.2 percentage points vs 05-2026highest value 07-2026: 0.3%● unchanged vs 06-2026highest value 08-2026: 0.3%● unchanged vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026highest value 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €480,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.44 (1.94 in 2024), above the usual 1.5. Short-term debt is 11.3% and cash 0% of total assets. 11.3% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small). It does better than 82% of them on solvency, 39% on liquidity, 61% on profitability and 28% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 3.44, cash €2,170, halved
NBB · annual accounts
lowers risk · Size: total assets €6.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · No main activity registered
KBO
lowers risk · Founded in 2011
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 filings
Deviation from the deadline
2025
72 days early
2024
65 days early
2023
49 days early
2022
68 days early
2021
39 days early
2020
67 days early
2019
52 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 59 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 27 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2025from €2.7m to €528,902 ▼ 80.7% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €528,902 8 years View
  • New directorslatest change 31-08-2026 · 4 in office 2 joined View

Documents

Annual accounts at the NBB

All 14 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about PORTFINECO

What is the company number of PORTFINECO?
The company number of PORTFINECO is 0837.729.216. The VAT number is the same number with BE in front: BE 0837.729.216.
Where is PORTFINECO based?
The registered office is at Isabellalaan 1, 8380 Brugge.Company details
What is the legal form of PORTFINECO?
The legal form of PORTFINECO is Public limited company (NV).
When was PORTFINECO founded?
PORTFINECO was founded on 06-07-2011.
Is PORTFINECO still active?
Yes, PORTFINECO is an active enterprise in the KBO register.
What is the turnover of PORTFINECO?
The annual accounts for financial year 2025 state no turnover.Financials
Is PORTFINECO profitable?
In financial year 2025, PORTFINECO made a profit of €528,902.
Where can I find the annual accounts of PORTFINECO?
PORTFINECO filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of PORTFINECO due?
PORTFINECO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Companies linked to PORTFINECO

Next steps

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