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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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
11 Finance from Amay, company number BE0651718056, closed financial year 2023 with a result of € -127,487 after tax. For that financial year 11 Finance recorded a gross margin of € 87,722 and equity of € -19,679. Compared with financial year 2022, the result moved from € 101,796 to € -127,487. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2024.
€ -19,679
▼ € 127,487 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -127,487
▼ still € 101,796 profit in 2022
Profit after tax over the fiscal year.
€ 9,559
▲ € 9,290 vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -119,679.
People and assets in 2023
€ 184,553
▲ 62% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2023
€ 343,412
▼ 13% vs 2022
€ 59,500 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2,218
▼ 93% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 58,827
▲ 133% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 168,968 | € 298,867 | € 87,722 | ▼ 71% |
| Profit after taxes | € 22,982 | € 101,796 | € -127,487 | ▼ € 229,283 |
| Equity | € 63,412 | € 107,808 | € -19,679 | ▼ € 127,487 |
| Total debts | € 156,961 | € 450,504 | € 424,457 | ▼ 6% |
| Cash | - | € 268 | € 9,559 | ▲ € 9,290 |
| Retained profit | € 51,012 | € 7,808 | € -119,679 | ▼ € 127,487 |
| Dividend | € 0 | € 145,000 | € 0 | ▼ 100% |
| Bank debt | € 134,079 | € 393,212 | € 343,412 | ▼ 13% |
| Balance sheet total | € 220,373 | € 558,312 | € 404,778 | ▼ 27% |
Key figures of 11 Finance, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to 11 Finance?
What happened at 11 Finance in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
11 Finance is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 127,487 (▼ € 229,283 vs 2022). filed late Source: NBB ↗
- New establishment in Fléron. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,982 profit in 2021 to € 127,487 loss in 2023.
Paid € 26,158 in corporate taxes since 2021.
Best year ever: 2022, with € 101,796 profit.
Paid out € 145,000 in dividends to the owners in total.
Management
Behind 11 Finance is Giuseppe MOTKIN.
Directors
According to the 2023 annual accounts
Giuseppe MOTKIN
Manager
Establishments
Establishment units
Physical locations of this company
Rue Campagne(AMA) 53
4540 Amay
Rue de la Clef 18
4621 Fléron
Active since 7 April 2016
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0651.718.056
- VAT number
- BE 0651.718.056
- Registered office
- Rue Campagne(AMA) 53, 4540 Amay
- Names & denominations
- 11 Finance
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 7 April 2016
- Peppol
- Active · Active since 14 Sept 2026
- Activities · NACE
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