Financials
Financial year 2026
RUSSELL FINEX NV from Mechelen, company number BE0412850905, closed financial year 2026 with a result of € 421,851 after tax. For that financial year RUSSELL FINEX NV recorded revenue of € 16.7 million and equity of € 3.3 million. Compared with financial year 2025, the result moved from € 211,314 to € 421,851. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 3.3 million
▼ 2% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 421,851
▲ 100% vs 2025
Profit after tax over the fiscal year.
€ 2.3 million
▲ 136% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 494,357 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
35.4
▲ 5 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 3.8 million
▲ 12% vs 2025
€ 106,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 436,069
▲ 21% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 382,545
▼ 57% vs 2025
Loans from banks and other lenders, long and short.
€ 7.9 million
▲ 96% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 234 days on average.
€ 430,957
▲ 29% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 15,547,723 | € 17,510,188 | € 16,103,611 | € 16,659,663 | ▲ 3% |
| Profit after taxes | € 228,208 | € 128,627 | € 211,314 | € 421,851 | ▲ 100% |
| Equity | € 3,006,862 | € 3,135,488 | € 3,346,802 | € 3,274,296 | ▼ 2% |
| Total debts | € 6,012,733 | € 5,711,880 | € 6,098,357 | € 9,864,758 | ▲ 62% |
| Cash | € 1,195,562 | € 919,245 | € 983,380 | € 2,320,667 | ▲ 136% |
| Land & buildings | € 2,498,379 | € 2,415,998 | € 2,388,739 | € 3,409,285 | ▲ 43% |
| Retained profit | € 2,581,862 | € 2,710,488 | € 2,921,802 | € 2,849,296 | ▼ 2% |
| Dividend | € 0 | € 0 | € 0 | € 494,357 | |
| Bank debt | € 1,885,991 | € 1,389,554 | € 888,420 | € 382,545 | ▼ 57% |
| Balance sheet total | € 9,062,686 | € 8,847,369 | € 9,445,159 | € 13,139,055 | ▲ 39% |
| Employees (FTE) | 28.8 | 29.5 | 30.4 | 35.4 | ▲ 5 |
Key figures of RUSSELL FINEX NV, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to RUSSELL FINEX NV?
What happened at RUSSELL FINEX NV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wardlaw Ian stepped down as director. NBB
- Kenneth Amour John stepped down as director. NBB
- Robert O'Connell stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 421,851 (▲ 100% vs 2025). Source: NBB ↗
- Wardlaw Ian became a director. NBB
- Kenneth Amour John became a director. NBB
- Robert O'Connell became a director. NBB
- New establishment in Mechelen. KBO
In short
From € 228,208 profit in 2023 to € 421,851 profit in 2026.
Paid € 512,438 in corporate taxes since 2023.
Best year ever: 2026, with € 421,851 profit.
Paid out € 494,357 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Russell Finex LTD (100%) and Russell Hurst Trustees LTD (0.4%).
Directors
According to the 2026 annual accounts
Wardlaw Ian
Director
since 2023 · until 2029
Kenneth Amour John
Director
since 2023 · until 2029
Robert O'Connell
Managing director
since 2023 · until 2029
Shareholders
Russell Finex LTD
100%
Russell Hurst Trustees LTD
0.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Blarenberglaan 23
2800 Mechelen
Zandvoortstraat 20
2800 Mechelen
Active since 12 September 1988
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
UKNOC-AS, GB
DNS
GoDaddy DNS
Domain
Domain
russellfinex.com
Registered
1997-05-22
Registrar
GoDaddy.com, LLC
Expires
2027-05-23
Website info
Features
Security
Details
- Company number
- 0412.850.905
- VAT number
- BE 0412.850.905
- Registered office
- Blarenberglaan 23, 2800 Mechelen
- Names & denominations
- RUSSELL FINEX NV
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 January 1973
- Peppol
- Active · Active since 13 Nov 2025
- Contact
- russellfinex.com
- Activities · NACE
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