FINKAS B.V.
ActiveFINKAS B.V. has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €690k and a net result of €-119k. Equity is shrinking by ~6.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▼-4
Solvency59=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 4.59 against 7.36 in 2024; short-term debt: 9.5% and cash: 0.2% of total assets), but 66.3% of the assets are financed with debt.
Credit advice 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 · 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-119k
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
on the day
2023
22 d early
2022
25 d early
2021
19 d early
2020
18 d early
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-119k▼ 98.6%
2024 · €-60k
2019: €-91k
2020: €-86k
2021: €-84k
2022: €101k
2023: €-104k
2024: €-60k
2019 → 2025
Working capital
€702k▼ 14.6%
2024 · €822k
2019: €-533k
2020: €-612k
2021: €-625k
2022: €-518k
2023: €-637k
2024: €822k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€872k-€973k▲ 11.6%€869k▼ 10.7%€809k▼ 6.9%€690k▼ 14.7%
Operating result€-96k-€84k€-106k€-43k▲ 59.7%€-108k▼ 153%
Net result€-84k-€101k€-104k€-60k▲ 42.3%€-119k▼ 98.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €108k in 2025 against €43k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.05M
Fixed assets
€1.15M▼ 19.2%
Current assets
€898k▼ 5.7%
Equity and liabilities €2.05M
Equity
€690k▼ 14.7%
Provisions
€257k▼ 21.4%
Debt
€1.10M▼ 11.2%
The debt ratio rises from 52.2% to 53.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€166k▲
2024 · €140k
Cash flow
€155k▲
2024 · €123k
Solvency
33.7%▼
2024 · 34.0%
Current ratio
4.59▼
2024 · 7.36
Quick ratio
4.59▼
2024 · 7.36
Debt / equity
1.60▲
2024 · 1.54
ROE
-17.2%▼
2024 · -7.4%
ROA
-5.8%▼
2024 · -2.5%
Interest coverage
2.05▲
2024 · 2.03
Debt
€1.10M▼
2024 · €1.24M
Debt ≤ 1 year
€196k▲
2024 · €129k
Debt > 1 year
€909k▼
2024 · €1.11M
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€2.38M€2.05M▼
Fixed assets21/28€1.43M€1.15M▼
Tangible fixed assets22/27€1.43M€1.15M▼
Land and buildings22€1.43M€1.15M▼
Current assets29/58€952k€898k▼
Amounts receivable within one year40/41€137k€894k▲
Other amounts receivable41€137k€894k▲
Cash at bank and in hand54/58€815k€3k▼
Deferred charges and accrued income490/1€480€480=
Equity and liabilities
Total equity and liabilities10/49€2.38M€2.05M▼
Equity10/15€809k€690k▼
Contributions10/11€34k€34k=
Reserves13€638k€502k▼
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€635k€499k▼
Profit (loss) carried forward14€137k€154k▲
Provisions and deferred taxes16€327k€257k▼
Deferred taxes168€327k€257k▼
Amounts payable17/49€1.24M€1.10M▼
Amounts payable after more than one year17€1.11M€909k▼
Financial debts170/4€1.11M€909k▼
Amounts payable within one year42/48€129k€196k▲
Current portion of amounts payable after more than one year42€120k€137k▲
Trade debts44€5k€55k▲
Suppliers440/4€5k€55k▲
Other amounts payable47/48€4k€4k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€183k€274k▲
Other operating charges640/8€37k€76k▲
Gross operating margin9900€177k€242k▲
Operating profit (loss)9901€-43k€-108k▼
Financial income75/76B€5k-
Recurring financial income75€5k-
Non-recurring financial income76B€5k-
Financial charges65/66B€69k€81k▲
Recurring financial charges65€69k€81k▲
Profit (loss) for the period before taxes9903€-107k€-189k▼
Transfer from deferred taxes780€47k€70k▲
Profit (loss) for the period9904€-60k€-119k▼
Transfer from tax-exempt reserves789€91k€136k▲
Profit (loss) for the period to be appropriated9905€31k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€137k€154k▲
Profit (loss) brought forward from the previous period14P€106k€137k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-119k
Net result drops to €-119k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Liquidity times 10573current ratio 7.36
Current ratio from 0.00 to 7.36; short-term debt falls from €637k to €129k.
17-06
State Gazette act
General meeting · Name change
Registered-office move · Statutes amendment
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-02
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €101k
Net result €101k after 3 loss-making years.
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
04-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2008
04-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
17-06-2024
Avi LESHEM: Resigned as Director
15-01-2021
Amnon LESHEM: Resigned as Director
Location & real-estate footprint
Registered office, Andenne
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.
Rue Bourie 14/A5300 AndenneGround area
9,167 m²
Building footprint
896 m²
Parcel 92411E0021/00M002, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92411E0021/00M002 | Wallonia | 9,167 m² | 1 · 895 m² | - |
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.
Structure & network
Ownership & control
1 partyFINKAS B.V.BE 0889.127.338
controls
Where this company holds controlthis company sits on their board1
1 location
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-2007
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.