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Finastad

Active
Public limited companyfounded 200619 yrs activeHoog Mosscher(Kor) 81, 8500 Kortrijk, BelgiumKBO/BCE: BE 0885.960.287
Summary

Finastad has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20.5m and a net result of -€1.5m. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 87% of 10958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
FinastadActiveChecked score 92/100
Risk analysis ReportCompare

Overview

Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101NACE 70111
#7 company by equity in Kortrijk, Real estate sector1 site
Size
€24.4mtotal assets 2025
Equity
€20.5m
Loss
-€1.5m
Turnover not published (abridged schema)
Financial health
92 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Board
1 member
Holdings
3
Accounts 3 d early2 of 14 deeds read
Why 92- Liquidity: current ratio 5.67, cash €86,305, halved- Loss of €1.5m (FY 2025)+ Size: total assets €24.4m+ Founded in 2006Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Better than 53% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 100=
equity 84.3% of total assets
Liquidity 50-2
short-term debt 5.6% · cash 0.4%
Profitability 16-16
return on assets -6.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (1,713 companies)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● 0.0% vs 11-2024lowest value 01-2025: < 0.1%● 0.0% vs 12-2024lowest value 02-2025: < 0.1%● 0.0% vs 01-2025lowest value 03-2025: < 0.1%▲ +2.5% vs 02-2025 04-2025: < 0.1%▲ +7.3% vs 03-2025 05-2025: < 0.1%● 0.0% vs 04-2025 06-2025: < 0.1%▲ +13.6% vs 05-2025 07-2025: 0.1%▲ +62.0% vs 06-2025 08-2025: 0.1%▲ +74.1% vs 07-2025 09-2025: 0.2%▲ +31.2% vs 08-2025 10-2025: 0.3%▲ +74.1% vs 09-2025 11-2025: 0.3%▲ +7.5% vs 10-2025 12-2025: 0.4%▲ +21.1% vs 11-2025 01-2026: 0.9%▲ +106% vs 12-2025 02-2026: 0.9%▲ +1.9% vs 01-2026 03-2026: 0.9%▲ +0.8% vs 02-2026highest value 04-2026: 0.8%▼ -11.1% vs 03-2026 05-2026: 0.1%▼ -83.0% vs 04-2026 06-2026: 0.1%● 0.0% vs 05-2026 07-2026: 0.1%● 0.0% vs 06-2026 08-2026: 0.1%● 0.0% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%▼ -3.0% vs 09-2026
  • Liquidity: current ratio 5.67, cash €86,305, halved raises the probability
  • Size: total assets €24.4m lowers the probability for this profile
  • Loss of €1.5m (FY 2025) raises the probability
  • Founded in 2006 lowers the probability for this profile
Credit up to €1,850,000 at 30 days acceptable
Liquidity ample (current ratio 5.67 against 6.65 in 2023; short-term debt: 5.6% and cash: 0.4% of total assets), and 15.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 92%, liquidity 59%, profitability 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 5.67, cash €86,305, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €24.4m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Loss of €1.5m (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2006
In the bankruptcy model this factor lowers the probability for this profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2023
13 d early
2022
5 d early
2021
15 d early
2020
16 d early
2019
13 d early
2018
21 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 6 days before the deadline; the sector median for financial year 2023 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: DESPRIETCaroline (director)Appointment: GTEINVEST (director) · Permanent…
  2. Resignation: Carine STADSBADER (director)State Gazette act
  3. Annual accounts filedfiscal year 2025 · abbreviated…

Key points

  • Caution: Among the weakest 5% on net resultsector median €10,301 · 10,946 companies -€1.5m View
  • Caution: Board changedlatest change 15-06-2026 · 1 in office 1 joined · 2 left View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View

By topic

Financials

Fiscal year
2025
Total assets
€24.4m
Loss
-€1.5m
Solvency
84.3%
Total assets▼ 6.8%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2016
  1. 18-06-2026Resignation: DESPRIETCaroline (director)
  2. 07-05-2026Resignation: Carine STADSBADER (director)
  3. 27-04-2026Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
27-12-2006
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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