FINIMO
ActiveSummary
FINIMO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €104.10M and a net result of €4.21M. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 51 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability23▼-59
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 10.03 against 8.8 in 2023; short-term debt: 1.6% and cash: 13.5% of total assets), and 13.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 84
Relative position
BE, all sectors
reference
Public administration and defence; compulsory social security (NACE 84)
about 85% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
86.4%
Return on assets
3.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
35 d early
2022
128 d late
2021
30 d early
2020
29 d early
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4.21M▼ 79.8%
2023 · €20.84M
2018: €3.61M
2019: €4.00M▲ +10.9% vs 2018
2020: €3.63M▼ -9.1% vs 2019
2021: €3.60M▼ -0.8% vs 2020lowest in 7 years
2022: €3.68M▲ +2.0% vs 2021
2023: €20.84M▲ +467% vs 2022highest in 7 years
2024: €4.21M▼ -79.8% vs 2023
2018 → 2024
Working capital
€17.43M▲ 18.8%
2023 · €14.67M
2018: €7.67M
2019: €9.78M▲ +27.4% vs 2018
2020: €1.96M▼ -80.0% vs 2019lowest in 7 years
2021: €10.65M▲ +444% vs 2020
2022: €9.27M▼ -12.9% vs 2021
2023: €14.67M▲ +58.2% vs 2022
2024: €17.43M▲ +18.8% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€71.77M-€75.38M▲ 5.0%€79.05M▲ 4.9%€99.89M▲ 26.4%€104.10M▲ 4.2%
2020: €71.77Mlowest in 5 years
2021: €75.38M▲ +5.0% vs 2020
2022: €79.05M▲ +4.9% vs 2021
2023: €99.89M▲ +26.4% vs 2022
2024: €104.10M▲ +4.2% vs 2023highest in 5 years
Operating result€-181k-€-176k▲ 2.5%€-254k▼ 44.2%€-285k▼ 12.1%€-262k▲ 8.2%
2020: €-181k
2021: €-176k▲ +2.5% vs 2020highest in 5 years
2022: €-254k▼ -44.2% vs 2021
2023: €-285k▼ -12.1% vs 2022lowest in 5 years
2024: €-262k▲ +8.2% vs 2023
Net result€3.63M-€3.60M▼ 0.8%€3.68M▲ 2.0%€20.84M▲ 467%€4.21M▼ 79.8%
2020: €3.63M
2021: €3.60M▼ -0.8% vs 2020lowest in 5 years
2022: €3.68M▲ +2.0% vs 2021
2023: €20.84M▲ +467% vs 2022highest in 5 years
2024: €4.21M▼ -79.8% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €262k in 2024 against €285k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €120.42M
Fixed assets
€101.07M =
Current assets
€19.36M ▲ 16.9%
Equity and liabilities €120.42M
Equity
€104.10M ▲ 4.2%
Debt
€16.32M ▼ 7.9%
Debt's share of the balance-sheet total falls from 15.1% to 13.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-261k
Cash flow
€4.21M
Current ratio
10.03▲
2023 · 8.80
Debt to equity
0.16▼
2023 · 0.18
ROE
4.0%▼
2023 · 20.9%
ROA
3.5%▼
2023 · 17.7%
Interest coverage
-1.43
Debt ≤ 1 year
€1.93M▲
2023 · €1.88M
Debt > 1 year
€14.39M▼
2023 · €15.84M
Staff costs
€183k▲
2023 · €172k
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€117.62M€120.42M▲
Fixed assets21/28€101.06M€101.07M=
Tangible fixed assets22/27-€3k
Furniture and vehicles24-€3k
Financial fixed assets28€101.06M€101.06M=
Current assets29/58€16.55M€19.36M▲
Amounts receivable within one year40/41€2.91M€3.05M▲
Trade receivables40€1k€197▼
Other amounts receivable41€2.91M€3.05M▲
Cash at bank and in hand54/58€13.63M€16.30M▲
Deferred charges and accrued income490/1€15k€15k▼
Equity and liabilities
Total equity and liabilities10/49€117.62M€120.42M▲
Equity10/15€99.89M€104.10M▲
Contributions10/11€50.21M€50.21M=
Reserves13€49.68M€53.89M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€49.68M€53.89M▲
Amounts payable17/49€17.73M€16.32M▼
Amounts payable after more than one year17€15.84M€14.39M▼
Financial debts170/4€15.84M€14.39M▼
Amounts payable within one year42/48€1.88M€1.93M▲
Current portion of amounts payable after more than one year42€1.74M€1.75M▲
Trade debts44€6k€10k▲
Suppliers440/4€6k€10k▲
Taxes, remuneration and social security45€30k€38k▲
Taxes450/3€4k€11k▲
Remuneration and social security454/9€26k€27k▲
Other amounts payable47/48€110k€131k▲
Accrued charges and deferred income492/3€7k€6k▼
Income statement
Code20232024
Remuneration, social security and pensions62€172k€183k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€175€2k▲
Gross operating margin9900€-113k€-76k▲
Operating profit (loss)9901€-285k€-262k▲
Financial income75/76B€22.01M€4.65M▼
Recurring financial income75€4.26M€4.65M▲
Non-recurring financial income76B€17.74M-
Financial charges65/66B€178k€183k▲
Recurring financial charges65€178k€183k▲
Profit (loss) for the period before taxes9903€21.54M€4.21M▼
Income taxes67/77€705k-
Profit (loss) for the period9904€20.84M€4.21M▼
Profit (loss) for the period to be appropriated9905€20.84M€4.21M▼
Appropriation of the result
Profit (loss) to be appropriated9906€20.84M€4.21M▼
Transfer to equity691/2€20.84M€4.21M▼
To other reserves6921€20.84M€4.21M▼
Social balance
Average headcount (FTE)90871.31.3=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €107k | €160k | €172k | €183k | ▲ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €696 | €179 | - | - | €1k | - |
| Other operating charges640/8 | - | €1k | €2k | €175 | €2k | ▲ 1,002% |
| Gross operating margin9900 | €-75k | €-67k | €-92k | €-113k | €-76k | ▲ 32.7% |
| Operating profit (loss)9901 | €-181k | €-176k | €-254k | €-285k | €-262k | ▲ 8.2% |
| Financial income75/76B | - | €4.05M | €4.13M | €22.01M | €4.65M | ▼ 78.8% |
| Recurring financial income75 | €4.22M | €4.05M | €4.13M | €4.26M | €4.65M | ▲ 9.2% |
| Non-recurring financial income76B | - | - | - | €17.74M | - | - |
| Financial charges65/66B | - | €268k | €198k | €178k | €183k | ▲ 2.5% |
| Recurring financial charges65 | €409k | €268k | €198k | €178k | €183k | ▲ 2.5% |
| Profit (loss) for the period before taxes9903 | €3.63M | €3.60M | €3.68M | €21.54M | €4.21M | ▼ 80.5% |
| Income taxes67/77 | - | - | - | €705k | - | - |
| Profit (loss) for the period9904 | €3.63M | €3.60M | €3.68M | €20.84M | €4.21M | ▼ 79.8% |
| Profit (loss) for the period to be appropriated9905 | €3.63M | €3.60M | €3.68M | €20.84M | €4.21M | ▼ 79.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96.02M | €95.57M | €98.05M | €117.62M | €120.42M | ▲ 2.4% |
| Fixed assets21/28 | €83.29M | €83.29M | €83.29M | €101.06M | €101.07M | = |
| Tangible fixed assets22/27 | €179 | - | - | - | €3k | - |
| Furniture and vehicles24 | - | - | - | - | €3k | - |
| Financial fixed assets28 | €83.29M | €83.29M | €83.29M | €101.06M | €101.06M | = |
| Current assets29/58 | €12.73M | €12.28M | €14.76M | €16.55M | €19.36M | ▲ 16.9% |
| Amounts receivable within one year40/41 | €2.69M | €1.27M | €1.44M | €2.91M | €3.05M | ▲ 4.8% |
| Trade receivables40 | - | €2k | €3k | €1k | €197 | ▼ 84.3% |
| Other amounts receivable41 | - | €1.27M | €1.44M | €2.91M | €3.05M | ▲ 4.9% |
| Cash at bank and in hand54/58 | €10.04M | €11.02M | €13.31M | €13.63M | €16.30M | ▲ 19.5% |
| Deferred charges and accrued income490/1 | - | €53 | €1k | €15k | €15k | ▼ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96.02M | €95.57M | €98.05M | €117.62M | €120.42M | ▲ 2.4% |
| Equity10/15 | €71.77M | €75.38M | €79.05M | €99.89M | €104.10M | ▲ 4.2% |
| Contributions10/11 | - | €50.21M | €50.21M | €50.21M | €50.21M | = |
| Reserves13 | €21.56M | €25.16M | €28.84M | €49.68M | €53.89M | ▲ 8.5% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €25.16M | €28.84M | €49.68M | €53.89M | ▲ 8.5% |
| Amounts payable17/49 | €24.25M | €20.20M | €18.99M | €17.73M | €16.32M | ▼ 7.9% |
| Amounts payable after more than one year17 | €13.47M | €18.55M | €13.51M | €15.84M | €14.39M | ▼ 9.2% |
| Financial debts170/4 | - | €18.55M | €13.51M | €15.84M | €14.39M | ▼ 9.2% |
| Amounts payable within one year42/48 | €10.77M | €1.63M | €5.48M | €1.88M | €1.93M | ▲ 2.6% |
| Current portion of amounts payable after more than one year42 | - | €1.54M | €5.34M | €1.74M | €1.75M | ▲ 0.9% |
| Trade debts44 | €7k | €7k | €23k | €6k | €10k | ▲ 66.5% |
| Suppliers440/4 | - | €7k | €23k | €6k | €10k | ▲ 66.5% |
| Taxes, remuneration and social security45 | - | €22k | €33k | €30k | €38k | ▲ 25.8% |
| Taxes450/3 | - | €5k | €2k | €4k | €11k | ▲ 188% |
| Remuneration and social security454/9 | - | €16k | €31k | €26k | €27k | ▲ 2.1% |
| Other amounts payable47/48 | - | €65k | €89k | €110k | €131k | ▲ 19.7% |
| Accrued charges and deferred income492/3 | - | €20k | €8k | €7k | €6k | ▼ 12.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.63M | €3.60M | €3.68M | €20.84M | €4.21M | ▼ 79.8% |
| + Depreciation and write-downs630 | €696 | €179 | - | - | €1k | - |
| Operating cash flow (approximation) | €3.63M | €3.60M | €3.68M | €20.84M | €4.21M | ▼ 79.8% |
| Investment in fixed assets (approximation) | - | €0 | €131 | €-17.77M | €-4k | ▲ 100.0% |
| Change in cash | - | €979k | €2.30M | €320k | €2.66M | ▲ 733% |
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
2026
16-03
State Gazette act
General meeting · Capital increase
Capital · Statutes amendment
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €100MEq €104.10M ▲4.2%
7 profitable years in a row build equity to €104.10M.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €20.84M ▲467%
Net result €20.84M, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 8.80
Current ratio from 2.69 to 8.80; short-term debt falls from €5.48M to €1.88M.
22-12
State Gazette act
General meeting · Capital increase
Capital · Statutes amendment
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 128 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €3.60M ▼0.8%
Net result drops to €3.60M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 6current ratio 7.52
Current ratio from 1.18 to 7.52; short-term debt falls from €10.77M to €1.63M.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 119 days late
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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
17 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, Verviers · 1 establishment unit since 2005
Ground area
554 m²
Building footprint
619 m²
Volume, LiDAR
8,414 m³
Parcel 63572B0335/02A000, Wallonia · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Finimo Association Intercommunale SCRL
since 20052.160.510.989
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63572B0335/02A000 | Wallonia | 554 m² | 1 · 619 m² | 15.8 m · 5 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
Intergemeentelijk Samenwerkingsverband van het Land van Waas
BE 0206.460.639
Sint-Niklaas · Eq €55.11M
Intercommunale pure de financement du Brabant Wallon
BE 0206.041.757
Ottignies-Louvain-la-Neuve · Eq €228.95M
Dender, Durme en Schelde
BE 0207.087.872
Dendermonde · Eq €38.11M
ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGEOIS
BE 0219.511.295
Herstal · Eq €35.54M
INTERGEMEENTELIJKE VERENIGING VOOR DUURZAAM AFVALBEHEER REGIO MECHELEN (IVAREM) (OPDRACHTHOUDENDE VERENIGING)
BE 0267.403.264
Mechelen · Eq €18.80M
Of 41 companies in sector 84119 we hold annual accounts for 18. 7 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded24-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
84119Public administration and defence; compulsory social security
Scores and ratios are computed by Checked and are not a credit decision.