Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FINESA from Zwalm, company number BE0809632175, closed financial year 2025 with a result of € 5,596 after tax. For that financial year FINESA recorded a gross margin of € 23,268 and equity of € -167,980. Compared with financial year 2024, the result moved from € -11,663 to € 5,596. Profitable, and profit is growing. 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 March 24, 2026.
€ -167,980
▲ € 5,596 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,596
▲ still € 11,663 loss in 2024
Profit after tax over the fiscal year.
€ 3,429
▲ 119% 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 € -186,580.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 682
▼ 80% vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 2,595
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 134,337
▼ 5% vs 2024
€ 7,161 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.
€ 5,069
▼ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,487
▲ 7% 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 | € 8,196 | € 31,869 | € 15,685 | € 23,268 | ▲ 48% |
| Profit after taxes | € -8,730 | € 14,567 | € -11,663 | € 5,596 | ▲ € 17,259 |
| Equity | € -176,479 | € -161,912 | € -173,576 | € -167,980 | ▲ € 5,596 |
| Total debts | € 537,301 | € 520,207 | € 519,801 | € 513,200 | ▼ 1% |
| Cash | € 11,254 | € 4,967 | € 1,566 | € 3,429 | ▲ 119% |
| Land & buildings | € 232,894 | € 224,640 | € 216,386 | € 208,133 | ▼ 4% |
| Retained profit | € -195,079 | € -180,512 | € -192,176 | € -186,580 | ▲ € 5,596 |
| Bank debt | € 162,372 | € 147,985 | € 141,271 | € 134,337 | ▼ 5% |
| Balance sheet total | € 360,822 | € 358,295 | € 346,226 | € 345,220 |
Key figures of FINESA, 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 FINESA?
What happened at FINESA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,596. Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Zwalm. KBO
- Filip Martens became a director. NBB
In short
From € 8,730 loss in 2022 to € 5,596 profit in 2025.
Paid € 275 in corporate taxes since 2022.
Best year ever: 2023, with € 14,567 profit.
Management
Behind FINESA is Filip Martens.
Directors
According to the 2025 annual accounts
Filip Martens
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Heufkensstraat(SDB) 41
9630 Zwalm
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0809.632.175
- VAT number
- BE 0809.632.175
- Registered office
- Heufkensstraat(SDB) 41, 9630 Zwalm
- Names & denominations
- FINESA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 February 2009
- Peppol
- Active · Active since 2 Sept 2023
- Activities · NACE
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