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.
Financials
Financial year 2025
FINO from Temse, company number BE0456886925, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year FINO recorded a gross margin of € 376,968 and equity of € 65.1 million. Compared with financial year 2024, the result moved from € -2.1 million to € -1.1 million. The company made a loss. 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 August 27, 2026.
€ 65.1 million
▲ € 56 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▲ 49 % less loss than in 2024
Profit after tax over the fiscal year.
€ 349,125
▲ € 267,680 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7.7 million.
People and assets in 2025
€ 106,276
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 10.4 million
▲ 1% vs 2024
€ 573,438 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 67,057
▼ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 204,107
▼ 88% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -647,683 | € 2,116,281 | € -239,165 | € 376,968 | ▲ € 616,133 |
| Profit after taxes | € 11,282,769 | € -3,115,506 | € -2,129,251 | € -1,094,992 | ▲ € 1 million |
| Equity | € 14,291,499 | € 11,175,993 | € 9,046,742 | € 65,069,823 | ▲ € 56 million |
| Total debts | € 9,683,266 | € 14,726,841 | € 33,989,797 | € 11,054,548 | ▼ 67% |
| Cash | € 399,297 | € 179,348 | € 81,445 | € 349,125 | ▲ € 267,680 |
| Land & buildings | € 3,500,758 | € 11,122,630 | € 10,916,420 | € 16,061,886 | ▲ 47% |
| Retained profit | € 14,018,816 | € 10,903,310 | € 8,774,059 | € 7,679,067 | ▼ 12% |
| Bank debt | € 9,214,640 | € 10,224,701 | € 10,230,667 | € 10,353,044 | ▲ 1% |
| Balance sheet total | € 29,507,117 | € 31,146,220 | € 47,944,253 | € 76,124,371 | ▲ 59% |
Key figures of FINO, 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 FINO?
What happened at FINO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Filip CORDEEL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.1 million. filed late Source: NBB ↗
- Filip CORDEEL became a director. NBB
- New establishment in Temse. KBO
- Start of the company according to the CBE. KBO
In short
From € 11.3 million profit in 2022 to € 1.1 million loss in 2025.
Paid € 604,592 in corporate taxes since 2022.
Best year ever: 2022, with € 11.3 million profit.
Management
The stake of C2F1 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FINOThe shares are held by C2F1 (100%). It owns 100% of C-Ground, 50% of Sobeltec, 50% of C-Biotech, 33% of HFT INTERNATIONAL, 25% of FLYWEL and NEURON FACTORY itself.
Directors
According to the 2025 annual accounts
Filip CORDEEL
Managing director
Also active at: CORDEEL ZETEL HOESELT, CORDEEL GROUP, BERNARD CONSTRUCTION, TENNIS MIDDELKERKE, DEMCOR, VLAECO, Immo Cordeel-Aertssen, NOVEA +24 more
since 2025 · until 2031
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Rotstraat 16
9140 Temse
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0456.886.925
- VAT number
- BE 0456.886.925
- Registered office
- Rotstraat 16, 9140 Temse
- Names & denominations
- FINO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 1995
- Peppol
- Active · Active since 23 Sept 2025
- Activities · NACE
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