Summary
FINOPAL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €278k and a net result of €183k. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 46% of 8048 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 31-03-2026, 122 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
122 d early
2024
143 d early
2023
132 d early
2022
138 d early
2021
113 d early
2020
65 d early
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€278k▼ 29.6%
2024 · €395k
2019: €25klowest in 7 years
2020: €41k▲ +59.2% vs 2019
2021: €49k▲ +20.0% vs 2020
2022: €193k▲ +298% vs 2021
2023: €298k▲ +53.9% vs 2022
2024: €395k▲ +32.6% vs 2023highest in 7 years
2025: €278k▼ -29.6% vs 2024
2019 → 2025
Net result
€183k▼ 7.2%
2024 · €197k
2019: €14k
2020: €16k▲ +14.5% vs 2019
2021: €2k▼ -87.9% vs 2020lowest in 7 years
2022: €145k▲ +7468% vs 2021
2023: €179k▲ +23.8% vs 2022
2024: €197k▲ +10.0% vs 2023highest in 7 years
2025: €183k▼ -7.2% vs 2024
2019 → 2025
Total assets
€597k▼ 4.9%
2024 · €628k
2019: €45klowest in 7 years
2020: €108k▲ +139% vs 2019
2021: €110k▲ +1.4% vs 2020
2022: €295k▲ +169% vs 2021
2023: €452k▲ +53.0% vs 2022
2024: €628k▲ +39.0% vs 2023highest in 7 years
2025: €597k▼ -4.9% vs 2024
2019 → 2025
Solvency
46.5%▼ 16.4pp
2024 · 62.9%
2019: 56.0%
2020: 37.3%▼ -33.3% vs 2019lowest in 7 years
2021: 44.2%▲ +18.4% vs 2020
2022: 65.5%▲ +48.1% vs 2021
2023: 65.9%▲ +0.6% vs 2022highest in 7 years
2024: 62.9%▼ -4.5% vs 2023
2025: 46.5%▼ -26.0% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€49k-€193k▲ 298%€298k▲ 53.9%€395k▲ 32.6%€278k▼ 29.6%
2021: €49klowest in 5 years
2022: €193k▲ +298% vs 2021
2023: €298k▲ +53.9% vs 2022
2024: €395k▲ +32.6% vs 2023highest in 5 years
2025: €278k▼ -29.6% vs 2024
Operating result€4k-€189k▲ 5,034%€239k▲ 26.4%€251k▲ 5.1%€259k▲ 3.1%
2021: €4klowest in 5 years
2022: €189k▲ +5034% vs 2021
2023: €239k▲ +26.4% vs 2022
2024: €251k▲ +5.1% vs 2023
2025: €259k▲ +3.1% vs 2024highest in 5 years
Net result€2k-€145k▲ 7,468%€179k▲ 23.8%€197k▲ 10.0%€183k▼ 7.2%
2021: €2klowest in 5 years
2022: €145k▲ +7468% vs 2021
2023: €179k▲ +23.8% vs 2022
2024: €197k▲ +10.0% vs 2023highest in 5 years
2025: €183k▼ -7.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €597k
Fixed assets
€65k ▼ 7.5%
Current assets
€532k ▼ 4.5%
Equity and liabilities €597k
Equity
€278k ▼ 29.6%
Debt
€320k ▲ 37.1%
Debt's share of the balance-sheet total rises from 37.1% to 53.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
65.8%▲
2024 · 49.9%
ROA
30.6%▼
2024 · 31.4%
Debt ≤ 1 year
€309k▲
2024 · €220k
Debt > 1 year
€10k▼
2024 · €13k
Income taxes
€62k▲
2024 · €59k
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€628k€597k▼
Fixed assets21/28€71k€65k▼
Tangible fixed assets22/27€70k€65k▼
Land and buildings22€70k€63k▼
Furniture and vehicles24€699€2k▲
Financial fixed assets28€100€100=
Current assets29/58€557k€532k▼
Amounts receivable after more than one year29€20k€10k▼
Other amounts receivable291€20k€10k▼
Amounts receivable within one year40/41€29k€29k▼
Trade receivables40€28k€29k▲
Other amounts receivable41€2k€213▼
Current investments50/53€330k€477k▲
Cash at bank and in hand54/58€177k€12k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€628k€597k▼
Equity10/15€395k€278k▼
Contributions10/11€19k€19k=
Reserves13€376k€259k▼
Tax-exempt reserves132€42k€42k=
Distributable reserves133€334k€217k▼
Amounts payable17/49€233k€320k▲
Amounts payable after more than one year17€13k€10k▼
Financial debts170/4€13k€10k▼
Amounts payable within one year42/48€220k€309k▲
Current portion of amounts payable after more than one year42€29k€31k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€47€7k▲
Taxes450/3€47€7k▲
Other amounts payable47/48€189k€268k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€171€283▲
Non-recurring operating charges66A-€5k
Gross operating margin9900€259k€272k▲
Operating profit (loss)9901€251k€259k▲
Financial income75/76B€19k€8k▼
Recurring financial income75€19k€8k▼
Financial charges65/66B€14k€22k▲
Recurring financial charges65€14k€22k▲
Profit (loss) for the period before taxes9903€256k€245k▼
Income taxes67/77€59k€62k▲
Profit (loss) for the period9904€197k€183k▼
Transfer to tax-exempt reserves689€42k-
Profit (loss) for the period to be appropriated9905€155k€183k▲
Appropriation of the result
Profit (loss) to be appropriated9906€155k€183k▲
Transfer from equity791/2€100k€300k▲
Transfer to equity691/2€155k€183k▲
To other reserves6921€155k€183k▲
Profit to be distributed694/7€100k€300k▲
Return on contributions (dividend)694€100k€300k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €7k | €8k | €7k | ▼ 6.2% |
| Other operating charges640/8 | €62 | €196 | €188 | €171 | €283 | ▲ 65.4% |
| Non-recurring operating charges66A | - | - | - | - | €5k | - |
| Gross operating margin9900 | €9k | €196k | €247k | €259k | €272k | ▲ 4.8% |
| Operating profit (loss)9901 | €4k | €189k | €239k | €251k | €259k | ▲ 3.1% |
| Financial income75/76B | €1k | €671 | €3k | €19k | €8k | ▼ 59.5% |
| Recurring financial income75 | €1k | €671 | €3k | €19k | €8k | ▼ 59.5% |
| Financial charges65/66B | €2k | €2k | €7k | €14k | €22k | ▲ 55.9% |
| Recurring financial charges65 | €2k | €2k | €7k | €14k | €22k | ▲ 55.9% |
| Profit (loss) for the period before taxes9903 | €2k | €187k | €234k | €256k | €245k | ▼ 4.5% |
| Income taxes67/77 | €357 | €43k | €55k | €59k | €62k | ▲ 4.4% |
| Profit (loss) for the period9904 | €2k | €145k | €179k | €197k | €183k | ▼ 7.2% |
| Transfer to tax-exempt reserves689 | - | - | - | €42k | - | - |
| Profit (loss) for the period to be appropriated9905 | €2k | €145k | €179k | €155k | €183k | ▲ 18.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110k | €295k | €452k | €628k | €597k | ▼ 4.9% |
| Fixed assets21/28 | €81k | €80k | €72k | €71k | €65k | ▼ 7.5% |
| Tangible fixed assets22/27 | €81k | €79k | €72k | €70k | €65k | ▼ 7.5% |
| Land and buildings22 | €81k | €75k | €70k | €70k | €63k | ▼ 9.3% |
| Furniture and vehicles24 | - | €4k | €2k | €699 | €2k | ▲ 168% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €29k | €216k | €380k | €557k | €532k | ▼ 4.5% |
| Amounts receivable after more than one year29 | - | - | - | €20k | €10k | ▼ 47.7% |
| Other amounts receivable291 | - | - | - | €20k | €10k | ▼ 47.7% |
| Amounts receivable within one year40/41 | €8k | €31k | €26k | €29k | €29k | ▼ 0.4% |
| Trade receivables40 | €8k | €23k | €25k | €28k | €29k | ▲ 4.7% |
| Other amounts receivable41 | €344 | €7k | €2k | €2k | €213 | ▼ 87.0% |
| Current investments50/53 | €10k | €34k | €237k | €330k | €477k | ▲ 44.6% |
| Cash at bank and in hand54/58 | €10k | €150k | €115k | €177k | €12k | ▼ 93.1% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €1k | €3k | ▲ 137% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110k | €295k | €452k | €628k | €597k | ▼ 4.9% |
| Equity10/15 | €49k | €193k | €298k | €395k | €278k | ▼ 29.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €30k | €175k | €279k | €376k | €259k | ▼ 31.1% |
| Non-distributable reserves130/1 | €692 | - | - | - | - | - |
| Reserves not available under the articles1311 | €692 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €42k | €42k | = |
| Distributable reserves133 | €29k | €175k | €279k | €334k | €217k | ▼ 35.0% |
| Amounts payable17/49 | €61k | €102k | €154k | €233k | €320k | ▲ 37.1% |
| Amounts payable after more than one year17 | €20k | €18k | €15k | €13k | €10k | ▼ 19.7% |
| Financial debts170/4 | €20k | €18k | €15k | €13k | €10k | ▼ 19.7% |
| Amounts payable within one year42/48 | €41k | €84k | €139k | €220k | €309k | ▲ 40.4% |
| Current portion of amounts payable after more than one year42 | €2k | €37k | €28k | €29k | €31k | ▲ 5.6% |
| Trade debts44 | €4k | €1k | €892 | €2k | €3k | ▲ 63.2% |
| Suppliers440/4 | €4k | €1k | €892 | €2k | €3k | ▲ 63.2% |
| Taxes, remuneration and social security45 | €1k | - | €9k | €47 | €7k | ▲ 14,198% |
| Taxes450/3 | €1k | - | €9k | €47 | €7k | ▲ 14,198% |
| Other amounts payable47/48 | €34k | €46k | €101k | €189k | €268k | ▲ 42.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €145k | €179k | €197k | €183k | ▼ 7.2% |
| + Depreciation and write-downs630 | €6k | €7k | €7k | €8k | €7k | ▼ 6.2% |
| Operating cash flow (approximation) | €7k | €152k | €187k | €205k | €190k | ▼ 7.2% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €-6k | €-2k | ▲ 66.9% |
| Change in cash | - | €140k | €-35k | €62k | €-165k | ▼ 367% |
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
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €197k ▲10%
Net result €197k, the highest in the series.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €298k ▲53.9%
5 profitable years in a row build equity to €298k.
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 2.56
Current ratio from 0.69 to 2.56.
31-12
Financial
Equity above €150kEq €193k ▲298%
4 profitable years in a row build equity to €193k.
09-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €2k ▼87.9%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Tessenderlo-Ham · 1 establishment unit since 2019
Ground area
1,747 m²
Building footprint
213 m²
Volume, LiDAR
1,291 m³
Parcel 71363C1565/00D000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FINOPAL
since 20192.285.319.307
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71363C1565/00D000 | Flanders | 1,747 m² | 1 · 213 m² | 9.9 m · 2 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.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,728 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.