Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
FINOR from Herve, company number BE0429813235, closed financial year 2025 with a result of € 1,584 after tax. For that financial year FINOR recorded a gross margin of € 19,920 and equity of € 205,587. Compared with financial year 2024, the result moved from € 1,707 to € 1,584. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ 205,587
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,584
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 26,011
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -154,413.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 18,334 | € 20,469 | € 20,046 | € 19,920 | ▼ 1% |
| Profit after taxes | € -8,204 | € -2,085 | € 1,707 | € 1,584 | ▼ 7% |
| Equity | € 294,381 | € 202,296 | € 204,003 | € 205,587 | ▲ 1% |
| Total debts | € 0 | € 90,000 | € 96,000 | € 84,000 | ▼ 12% |
| Cash | € 9,334 | € 33,225 | € 22,902 | € 26,011 | ▲ 14% |
| Land & buildings | € 264,477 | € 254,167 | € 244,844 | € 235,320 | ▼ 4% |
| Retained profit | € -155,619 | € -157,704 | € -155,997 | € -154,413 | ▲ € 1,584 |
| Balance sheet total | € 294,381 | € 292,296 | € 300,003 | € 289,587 | ▼ 3% |
Key figures of FINOR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FINOR?
What happened at FINOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,584 (▼ 7% vs 2024). Source: NBB ↗
- Agnès DE RYCKEL became a director. NBB
- Pauline ZURSTRASSEN became a director. NBB
- Catherine ZURSTRASSEN became a director. NBB
- New establishment in Herve. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,204 loss in 2022 to € 1,584 profit in 2025.
Best year ever: 2024, with € 1,707 profit.
Management
Behind FINOR are Agnès DE RYCKEL, Pauline ZURSTRASSEN and Catherine ZURSTRASSEN. Catherine ZURSTRASSEN is also behind Frédéric CLAES.
Directors
According to the 2025 annual accounts
Agnès DE RYCKEL
Director
since 2013
Pauline ZURSTRASSEN
Director
since 2013
since 2013
Establishments
Establishment units
Physical locations of this company
Sur la Commune 12
4651 Herve
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.813.235
- VAT number
- BE 0429.813.235
- Registered office
- Sur la Commune 12, 4651 Herve
- Names & denominations
- FINOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 November 1986
- Peppol
- Not registered