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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Shrinking team NBB
FTE fell two years in a row, from 14.9 to 11.9.
Financials
Financial year 2025
FINISHING from Wingene, company number BE0844854558, closed financial year 2025 with a result of € 192,265 after tax. For that financial year FINISHING recorded a gross margin of € 1.2 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 189,735 to € 192,265. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 1.1 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 192,265
▲ 1% vs 2024
Profit after tax over the fiscal year.
€ 143,473
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 180,000 paid out
94 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
11.9
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 774,214
▼ 30% vs 2024
€ 65,100 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.
€ 209,543
▲ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 901,661
▲ 1% vs 2024
€ 66,883 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 1.1 million
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 79,367
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,015,779 | € 1,146,516 | € 1,656,146 | € 1,202,670 | ▼ 27% |
| Profit after taxes | € 100,240 | € 126,678 | € 189,735 | € 192,265 | ▲ 1% |
| Equity | € 901,099 | € 1,027,777 | € 1,047,512 | € 1,059,777 | ▲ 1% |
| Total debts | € 1,542,801 | € 1,522,620 | € 3,226,670 | € 2,219,109 | ▼ 31% |
| Cash | € 307,558 | € 679,232 | € 652,581 | € 143,473 | ▼ 78% |
| Land & buildings | € 432,178 | € 405,777 | € 369,420 | € 348,001 | ▼ 6% |
| Retained profit | € 829,581 | € 987,777 | € 997,512 | € 1,009,777 | ▲ 1% |
| Dividend | € 0 | € 0 | € 180,000 | € 180,000 | |
| Bank debt | € 990,533 | € 864,933 | € 889,999 | € 901,661 | ▲ 1% |
| Balance sheet total | € 2,443,901 | € 2,550,397 | € 4,274,182 | € 3,278,885 | ▼ 23% |
| Employees (FTE) | 13.3 | 14.9 | 12.4 | 11.9 | ▼ 0.5 |
Key figures of FINISHING, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to FINISHING?
What happened at FINISHING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 192,265 (▲ 1% vs 2024). Source: NBB ↗
- Intomotive BV became a director. NBB
- VF Management BV became a director. NBB
- New establishment in Wingene. KBO
- Start of the company according to the CBE. KBO
In short
From € 100,240 profit in 2021 to € 192,265 profit in 2025.
Paid € 175,525 in corporate taxes since 2021.
Best year ever: 2025, with € 192,265 profit.
On average € 101,100 of value added per employee in 2025.
Management
Behind FINISHING are Intomotive BV and VF Management BV. Intomotive BV is also behind VF Management.
Directors
According to the 2025 annual accounts
since 2023
Director · represented by Bart FRIJTERS
since 2023
Establishments
Establishment units
Physical locations of this company
Industriestraat 39
8755 Wingene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0844.854.558
- VAT number
- BE 0844.854.558
- Registered office
- Industriestraat 39, 8755 Wingene
- Names & denominations
- FINISHING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 2012
- Peppol
- Active · Active since 27 Mar 2024
- Activities · NACE
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