What is the address of FINORA?

The registered office of FINORA is located at Dejonckerstraat 45, 1060 Sint-Gillis (bij-Brussel).

Is FINORA still active?

Yes. According to the CBE (18 September 2026) FINORA is active, legal situation “Normale toestand”, started on 22 June 2009.

Is FINORA registered on Peppol?

No, FINORA is currently not registered on the Peppol network.

What is the enterprise number of FINORA?

The enterprise number of FINORA is BE0812682925.

When was FINORA founded?

FINORA was founded on 22 June 2009.

Who are the directors of FINORA?

According to the 2025 annual accounts, the directors of FINORA are: Christophe Thibaut de Maisières, Alexis GURDJIAN, Pierre MILCHIOR.

Is FINORA a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 June 2009; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did FINORA make in 2025?

FINORA posted a profit after taxes of € 99,602 in financial year 2025.

What is the revenue of FINORA?

As a small company, FINORA is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -22,282.

FINORA (Public Limited) - Sint-Gillis (bij-Brussel)

Dossier FINORA, printed on 18 September 2026 from databakkes.be/en/0812682925/finora. 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.

Not on Peppol Peppol

Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.

Financials

Financial year 2025

FINORA from Sint-Gillis (bij-Brussel), company number BE0812682925, closed financial year 2025 with a result of € 99,602 after tax. For that financial year FINORA recorded a gross margin of € -22,282 and equity of € 149 million. Compared with financial year 2024, the result moved from € 152,925 to € 99,602. 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 3, 2026.

What it is worth Growing

€ 149 million

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

Profit Healthy

€ 99,602

▼ 35% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 469,335

▼ 37% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 148 million.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 6,974

▲ 90% vs 2024

Supplier invoices still open on the last day of the fiscal year.

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -14,732 Gross margin 2022: € -14,732 First fiscal year in the series	€ -27,133 Gross margin 2023: € -27,133 ▼ € 12,401 vs 2022 (€ -14,732) Unfavourable step	€ -18,784 Gross margin 2024: € -18,784 ▲ € 8,349 vs 2023 (€ -27,133) Favourable step	€ -22,282 Gross margin 2025: € -22,282 ▼ € 3,497 vs 2024 (€ -18,784) Unfavourable step	▼ € 3,497
Profit after taxes	€ 47,205 Profit after taxes 2022: € 47,205 First fiscal year in the series	€ 91,355 Profit after taxes 2023: € 91,355 ▲ 94% vs 2022 (€ 47,205) Favourable step	€ 152,925 Profit after taxes 2024: € 152,925 ▲ 67% vs 2023 (€ 91,355) Favourable step	€ 99,602 Profit after taxes 2025: € 99,602 ▼ 35% vs 2024 (€ 152,925) Unfavourable step	▼ 35%
Equity	€ 148,700,747 Equity 2022: € 148,700,747 First fiscal year in the series	€ 148,792,103 Equity 2023: € 148,792,103 Unchanged (€ 148,700,747) Favourable step	€ 148,945,028 Equity 2024: € 148,945,028 Unchanged (€ 148,792,103) Favourable step	€ 149,044,630 Equity 2025: € 149,044,630 Unchanged (€ 148,945,028) Favourable step
Total debts	€ 1,874 Total debts 2022: € 1,874 First fiscal year in the series	€ 5,839 Total debts 2023: € 5,839 ▲ 212% vs 2022 (€ 1,874) Unfavourable step	€ 3,666 Total debts 2024: € 3,666 ▼ 37% vs 2023 (€ 5,839) Favourable step	€ 7,125 Total debts 2025: € 7,125 ▲ 94% vs 2024 (€ 3,666) Unfavourable step	▲ 94%
Cash	€ 2,588,192 Cash 2022: € 2,588,192 First fiscal year in the series	€ 164,053 Cash 2023: € 164,053 ▼ 94% vs 2022 (€ 2,588,192) Unfavourable step	€ 742,627 Cash 2024: € 742,627 ▲ € 578,574 vs 2023 (€ 164,053) Favourable step	€ 469,335 Cash 2025: € 469,335 ▼ 37% vs 2024 (€ 742,627) Unfavourable step	▼ 37%
Retained profit	€ 147,700,747 Retained profit 2022: € 147,700,747 First fiscal year in the series	€ 147,792,103 Retained profit 2023: € 147,792,103 Unchanged (€ 147,700,747) Favourable step	€ 147,945,028 Retained profit 2024: € 147,945,028 Unchanged (€ 147,792,103) Favourable step	€ 148,044,630 Retained profit 2025: € 148,044,630 Unchanged (€ 147,945,028) Favourable step
Balance sheet total	€ 148,702,621 Balance sheet total 2022: € 148,702,621 First fiscal year in the series	€ 148,797,941 Balance sheet total 2023: € 148,797,941 Unchanged (€ 148,702,621) Unchanged	€ 148,948,693 Balance sheet total 2024: € 148,948,693 Unchanged (€ 148,797,941) Unchanged	€ 149,051,755 Balance sheet total 2025: € 149,051,755 Unchanged (€ 148,948,693) Unchanged

Key figures of FINORA, 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 FINORA?

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

2029 Christophe Thibaut de Maisières stepped down as director. NBB
2029 Alexis GURDJIAN stepped down as director. NBB
2029 Pierre MILCHIOR stepped down as director. NBB
Jun 3, 2026 New annual accounts for financial year 2025: profit of € 99,602 (▼ 35% vs 2024). Source: NBB ↗
2025 Christophe Thibaut de Maisières became a director. NBB
2023 Alexis GURDJIAN became a director. NBB
2023 Pierre MILCHIOR became a director. NBB
Jun 22, 2009 New establishment in Elsene. KBO

In short

From € 47,205 profit in 2022 to € 99,602 profit in 2025.

Best year ever: 2024, with € 152,925 profit.

Original PDFs at the National Bank ↗

A new publication or filing at FINORA? We notify you, reason included.

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My folder 3 companies

De Lijn 8 June 2026 New annual account 2025

filed on 8 June 2026

What was left

€ 20 k ▼ 91%
Money in the bank

€ 178 k ▼ 98%

Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit

Real filings at the National Bank

Management

FINORA

HAH 57.4%

MILINVEST 46.8%

ETAM DEVELOPPEMENT 37.5%

It owns 57.4% of HAH, 46.8% of MILINVEST and 37.5% of ETAM DEVELOPPEMENT itself.

See the full network in the app

Directors

According to the 2025 annual accounts

Christophe Thibaut de Maisières

Director

Also active at: MORDKA, PFP Adrien

since 2025 · until 2029

Alexis GURDJIAN

Director

Also active at: MORDKA

since 2023 · until 2029

Pierre MILCHIOR

Chairman of the board

Also active at: MORDKA

since 2023 · until 2029

Establishments

Establishment units

Physical locations of this company

Registered office

Dejonckerstraat 45

1060 Sint-Gillis (bij-Brussel)

2.275.914.364

Louizalaan 130 A

1050 Elsene

Active since 22 June 2009

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

MORDKA same network

€ 888,602 gross margin · 2025

VINTAGE SERVICES

€ 1.1 million gross margin · 2025

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

Details

Company number: 0812.682.925
VAT number: BE 0812.682.925
Registered office: Dejonckerstraat 45, 1060 Sint-Gillis (bij-Brussel)
Names & denominations: FINORA
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 22 June 2009
Peppol: Not registered

View on CBE Public ↗ Annual accounts (NBB) ↗