What does FIN - COL do?

FIN - COL is a holding company in Wevelgem. Public Limited, started on 18 December 1989, 1 establishment.

What is the address of FIN - COL?

The registered office of FIN - COL is located at Zuidstraat 18, 8560 Wevelgem.

Is FIN - COL still active?

Yes. According to the CBE (30 October 2026) FIN - COL is active, legal situation “Normale toestand”, started on 18 December 1989.

Is FIN - COL registered on Peppol?

Yes, FIN - COL is registered on the Peppol network with ID 0208:0439607562.

What is the enterprise number of FIN - COL?

The enterprise number of FIN - COL is BE0439607562.

When was FIN - COL founded?

FIN - COL was founded on 18 December 1989.

Who are the directors of FIN - COL?

According to the 2025 annual accounts, the directors of FIN - COL are: XAVIER-FRANCIS VERSTRAETE, THIMACON BV, LUC VANDEWALLE, Hikari BV.

Is FIN - COL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 18 December 1989; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did FIN - COL make in 2025?

FIN - COL recorded a loss after taxes of € 2,583,551 in financial year 2025.

What is the revenue of FIN - COL?

In its most recent annual accounts (2025), FIN - COL reported revenue of € 1,290,886.

How much does an employee at FIN - COL earn?

The average wage cost per full-time employee at FIN - COL was € 86,100 in 2025: staff costs of € 318,402 for 3.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does FIN - COL have?

According to the 2025 annual accounts, FIN - COL has 3.7 full-time equivalents (FTE).

FIN - COL (Public Limited) - Wevelgem - BE0439607562

Dossier FIN - COL, printed on 30 October 2026 from databakkes.be/en/0439607562/fin-col. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

FIN - COL from Wevelgem, company number BE0439607562, closed financial year 2025 with a result of € -2.6 million after tax. For that financial year FIN - COL recorded revenue of € 1.3 million and equity of € 745,172. Compared with financial year 2024, the result moved from € -190,013 to € -2.6 million. The company made a loss. The buffer shrank hard: equity is 78 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 24, 2026.

What it is worth Shrank hard

€ 745,172

▼ 78% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -2.6 million

▼ 1260 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 5,034

▲ € 4,939 vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -1.5 million.

People and assets in 2025

Full-time equivalents

3.7

▲ 1.3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 629,642 in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 318,402

▲ 14% vs 2024

€ 86,100 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.

Vehicles and equipment

€ 56,518

▼ 38% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 14.3 million

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 369,627

▼ 27% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 214 days on average.

Taxes and wages

€ 117,492

▲ 26% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 1,466,639 Revenue 2022: € 1,466,639 First fiscal year in the series	€ 1,696,493 Revenue 2023: € 1,696,493 ▲ 16% vs 2022 (€ 1,466,639) Favourable step	€ 1,501,214 Revenue 2024: € 1,501,214 ▼ 12% vs 2023 (€ 1,696,493) Unfavourable step	€ 1,290,886 Revenue 2025: € 1,290,886 ▼ 14% vs 2024 (€ 1,501,214) Unfavourable step	▼ 14%
Profit after taxes	€ 5,171 Profit after taxes 2022: € 5,171 First fiscal year in the series	€ -16,523 Profit after taxes 2023: € -16,523 ▼ € 21,693 vs 2022 (€ 5,171) Unfavourable step	€ -190,013 Profit after taxes 2024: € -190,013 ▼ € 173,490 vs 2023 (€ -16,523) Unfavourable step	€ -2,583,551 Profit after taxes 2025: € -2,583,551 ▼ € 2.4 million vs 2024 (€ -190,013) Unfavourable step	▼ € 2.4 million
Equity	€ 3,535,259 Equity 2022: € 3,535,259 First fiscal year in the series	€ 3,518,736 Equity 2023: € 3,518,736 Unchanged (€ 3,535,259) Unfavourable step	€ 3,328,723 Equity 2024: € 3,328,723 ▼ 5% vs 2023 (€ 3,518,736) Unfavourable step	€ 745,172 Equity 2025: € 745,172 ▼ 78% vs 2024 (€ 3,328,723) Unfavourable step	▼ 78%
Total debts	€ 19,743,580 Total debts 2022: € 19,743,580 First fiscal year in the series	€ 19,964,165 Total debts 2023: € 19,964,165 ▲ 1% vs 2022 (€ 19,743,580) Unfavourable step	€ 18,701,614 Total debts 2024: € 18,701,614 ▼ 6% vs 2023 (€ 19,964,165) Favourable step	€ 21,687,278 Total debts 2025: € 21,687,278 ▲ 16% vs 2024 (€ 18,701,614) Unfavourable step	▲ 16%
Cash	€ 294 Cash 2022: € 294 First fiscal year in the series	€ 64 Cash 2023: € 64 ▼ 78% vs 2022 (€ 294) Unfavourable step	€ 95 Cash 2024: € 95 ▲ 48% vs 2023 (€ 64) Favourable step	€ 5,034 Cash 2025: € 5,034 ▲ € 4,939 vs 2024 (€ 95) Favourable step	▲ € 4,939
Retained profit	€ 1,251,330 Retained profit 2022: € 1,251,330 First fiscal year in the series	€ 1,234,807 Retained profit 2023: € 1,234,807 ▼ 1% vs 2022 (€ 1,251,330) Unfavourable step	€ 1,044,794 Retained profit 2024: € 1,044,794 ▼ 15% vs 2023 (€ 1,234,807) Unfavourable step	€ -1,538,757 Retained profit 2025: € -1,538,757 ▼ € 2.6 million vs 2024 (€ 1,044,794) Unfavourable step	▼ € 2.6 million
Bank debt	€ 13,079,434 Bank debt 2022: € 13,079,434 First fiscal year in the series	€ 13,078,775 Bank debt 2023: € 13,078,775 Unchanged (€ 13,079,434) Favourable step	€ 14,278,775 Bank debt 2024: € 14,278,775 ▲ 9% vs 2023 (€ 13,078,775) Unfavourable step	€ 14,278,775 Bank debt 2025: € 14,278,775 Unchanged (€ 14,278,775) Unchanged
Balance sheet total	€ 23,278,839 Balance sheet total 2022: € 23,278,839 First fiscal year in the series	€ 23,482,901 Balance sheet total 2023: € 23,482,901 ▲ 1% vs 2022 (€ 23,278,839) Unchanged	€ 22,030,337 Balance sheet total 2024: € 22,030,337 ▼ 6% vs 2023 (€ 23,482,901) Unchanged	€ 22,432,449 Balance sheet total 2025: € 22,432,449 ▲ 2% vs 2024 (€ 22,030,337) Unchanged	▲ 2%
Employees (FTE)	4.6 Employees (FTE) 2022: 4.6 First fiscal year in the series	3.3 Employees (FTE) 2023: 3.3 ▼ 1.3 vs 2022 (4.6) Unchanged	2.4 Employees (FTE) 2024: 2.4 ▼ 0.9 vs 2023 (3.3) Unchanged	3.7 Employees (FTE) 2025: 3.7 ▲ 1.3 vs 2024 (2.4) Unchanged	▲ 1.3

Key figures of FIN - COL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to FIN - COL?

What happened at FIN - COL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2027 XAVIER-FRANCIS VERSTRAETE stepped down as director. NBB
2027 THIMACON BV stepped down as director. NBB
Apr 24, 2026 New annual accounts for financial year 2025: loss of € 2.6 million. Source: NBB ↗
2025 Hikari BV stepped down as director. NBB
2024 LUC VANDEWALLE stepped down as director. NBB
2024 Hikari BV became a director. NBB
2021 XAVIER-FRANCIS VERSTRAETE became a director. NBB
2021 THIMACON BV became a director. NBB

In short

From € 5,171 profit in 2022 to € 2.6 million loss in 2025.

Paid € 95,815 in corporate taxes since 2022.

Best year ever: 2022, with € 5,171 profit.

Original PDFs at the National Bank ↗

Management

FIN - COL

Groep Masureel Veredeling 100%

Verlimas 100%

Flocart 100%

Bleko NV 100%

It owns 100% of Groep Masureel Veredeling, 100% of Verlimas, 100% of Flocart, 100% of Bleko NV and 100% of Basaltex itself.

Directors

According to the 2025 annual accounts

XAVIER-FRANCIS VERSTRAETE

Managing director

Also active at: DUMOMAS, BLEKO, GROEP MASUREEL VEREDELING, THIMACON, POORTAKKER, PATRIMAS, FLOCART, BASALTEX +1 more

since 2021 · until 2027

THIMACON BV

Director · represented by HELLEPUTTE DENISE

Also active at: BLEKO, GROEP MASUREEL VEREDELING, FLOCART, BASALTEX, VERLIMAS

since 2021 · until 2027

LUC VANDEWALLE

Director

Also active at: Laboratorium voor Electronische Toepassingen L.E.T., DOMO INVESTMENT GROUP, LET AUTOMOTIVE, DELTRO SYSTEEMTECHNIEK, ALINSO GROUP

since 2021 · until 2024

Hikari BV

Director · represented by Thomas Beauduin

since 2024 · until 2025

Establishments

Establishment units

Physical locations of this company

Registered office

Zuidstraat 18

8560 Wevelgem

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

GROEP MASUREEL VEREDELING same network

€ 12.5 million revenue · 2025

FLOCART same network

€ 945,120 gross margin · 2025

BASALTEX same network

€ 696,730 gross margin · 2025

VERLIMAS same network

€ 672,905 gross margin · 2025

LCFB

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0439.607.562

VAT number

BE 0439.607.562

Registered office

Zuidstraat 18, 8560 Wevelgem

Names & denominations

FIN - COL

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

18 December 1989

Peppol

Active · Active since 8 Dec 2025

Contact

056/425427

Activities · NACE

Activiteiten van hoofdkantoren

Coördinatiecentra

Activiteiten van holdings

Holdings

View on CBE Public ↗ Annual accounts (NBB) ↗

FIN - COL

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Financials

What happened to FIN - COL?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions