FINEMECA
ActiveFINEMECA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-49k) and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+17
Solvency0=
Growth43▼-5
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.41 against 1.86 in 2024; short-term debt: 28.5% and cash: 13.9% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-51.3%
Return on assets
18.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2041 sector peers (2025).
NBB · sector comparisonPosition among 2041 sector peers
Solvency
better than 5%
← weakest
strongest →
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 18-07-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
43 d early
2023
9 d early
2022
3 d early
2021
3 d early
2020
26 d late
2019
11 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€52k▼ 30.0%
2024 · €74k
2018: €79k
2019: €111k
2020: €48k
2021: €11k
2022: €22k
2023: €48k
2024: €74k
2018 → 2025
EBIT margin
48.6%▲ 18.3pp
2024 · 30.3%
2018: 3.1%
2019: 26.7%
2020: -24.8%
2021: -301.9%
2022: -152.0%
2023: -4.5%
2024: 30.3%
2018 → 2025
Net result
€18k▲ 72.2%
2024 · €10k
2018: €-5k
2019: €27k
2020: €-18k
2021: €-38k
2022: €-39k
2023: €-13k
2024: €10k
2018 → 2025
Working capital
€39k▲ 35.2%
2024 · €29k
2018: €39k
2019: €50k
2020: €58k
2021: €44k
2022: €109k
2023: €27k
2024: €29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11k-€22k▲ 105%€48k▲ 122%€74k▲ 54.5%€52k▼ 30.0%
Equity€-26k-€-3k▲ 89.0%€-78k▼ 2,646%€-67k▲ 13.4%€-49k▲ 26.6%
Operating result€-32k-€-33k▼ 3.4%€-2k▲ 93.4%€22k€25k▲ 12.2%
Net result€-38k-€-39k▼ 3.3%€-13k▲ 67.5%€10k€18k▲ 72.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96k
Fixed assets
€30k▼ 18.1%
Current assets
€66k▲ 6.7%
Key figures and ratios
EBITDA
€32k▲
2024 · €29k
Cash flow
€24k▲
2024 · €17k
Solvency
-51.3%▲
2024 · -68.1%
Current ratio
2.41▲
2024 · 1.86
Quick ratio
0.52▲
2024 · 0.30
Debt / equity
-2.95▼
2024 · -2.47
ROA
18.6%▲
2024 · 10.5%
Interest coverage
4.35▲
2024 · 2.44
Debt
€145k▼
2024 · €166k
Debt ≤ 1 year
€27k▼
2024 · €33k
Debt > 1 year
€118k▼
2024 · €132k
Staff costs
€422
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€99k€96k▼
Fixed assets21/28€37k€30k▼
Tangible fixed assets22/27€36k€30k▼
Land and buildings22€17k€17k▼
Plant, machinery and equipment23€19k€13k▼
Financial fixed assets28€200€200=
Current assets29/58€62k€66k▲
Stocks and contracts in progress3€52k€52k=
Stocks30/36€52k€52k=
Amounts receivable within one year40/41€10k€833▼
Trade receivables40€10k€823▼
Other amounts receivable41€10€10=
Cash at bank and in hand54/58€243€13k▲
Equity and liabilities
Total equity and liabilities10/49€99k€96k▼
Equity10/15€-67k€-49k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-129k€-111k▲
Amounts payable17/49€166k€145k▼
Amounts payable after more than one year17€132k€118k▼
Financial debts170/4€132k€118k▼
Amounts payable within one year42/48€33k€27k▼
Current portion of amounts payable after more than one year42€15k€14k▼
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Advances received on contracts in progress46-€6k
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€10k-
Income statement
Code20242025
Turnover70€74k€52k▼
Goods, raw materials, services and sundry goods60/61€43k€35k▼
Remuneration, social security and pensions62-€422
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€31k€36k▲
Operating profit (loss)9901€22k€25k▲
Financial charges65/66B€12k€7k▼
Recurring financial charges65€12k€7k▼
Profit (loss) for the period before taxes9903€10k€18k▲
Profit (loss) for the period9904€10k€18k▲
Profit (loss) for the period to be appropriated9905€10k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-129k€-111k▲
Profit (loss) brought forward from the previous period14P€-139k€-129k▲
The notes to these accounts (10 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
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after 4 loss-making years.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 11 days late
2019
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 63 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Walcourt · 1 establishment unit since 1999
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.
Allée de Linaires(Cha) 25650 Walcourt1 establishment unit
Finemeca
since 19992.059.832.513
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 6,074 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-10-1992
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
33190Repair, maintenance and installation of machinery and equipment
43212Electrical installation work in industrial facilities
43240Other construction installation
43299Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filings
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.