ACTIVE

FINOST - FINEST

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Financial year 2025 · closed on 31/12/2025

Net result

2,7 M €

-4.6% YoY

Equity

64,6 M €

+2.7% YoY

Workforce

0,6 ETP

-14.3% YoY

What does FINOST - FINEST do?

FINOST - FINEST is a Cooperative society incorporated in 1996. Its main activity is: Other financial service activities, except insurance and pension funding n.e.c.. Its registered office is in Eupen. It employs on average 0,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0257.864.701

Incorporation

26/04/1996

Legal form

Cooperative society

Registered office

Place de l'Hôtel de Ville 14
4700 Eupen · WallonieSee on map

Contributed capital

41 016 660,34 €

Latest accounts

31/12/2025

Average workforce

0,6 ETP

Activities (NACE)

64999Other financial service activities, except insurance and pension funding n.e.c.· main 64999Other financial service activities, except insurance and pension funding n.e.c.

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
EBITDA	-140,3 k €	+10.2%	-156,2 k €	-7.5%	-145,2 k €	-18.0%	-123,1 k €	+7.1%	-132,5 k €	-21.4%	-109,2 k €	-2.9%	-106,1 k €	-15.3%	-92 k €	-34.9%	-68,2 k €	+4.1%	-71,2 k €	+15.7%	-84,5 k €	-104%	2,1 M €	-44.8%	3,9 M €	-26.7%	5,3 M €	-2.5%	5,4 M €	+9.8%	4,9 M €	-15.0%	5,8 M €
Operating result	-140,8 k €	+9.9%	-156,2 k €	-7.5%	-145,3 k €	-17.7%	-123,5 k €	+8.9%	-135,5 k €	-20.9%	-112,1 k €	-3.2%	-108,7 k €	-16.2%	-93,5 k €	-34.2%	-69,7 k €	+4.1%	-72,6 k €	+14.0%	-84,5 k €	-104%	2,1 M €	-44.8%	3,9 M €	-26.7%	5,3 M €	-2.5%	5,4 M €	+9.8%	4,9 M €	-15.0%	5,8 M €
Net result	2,7 M €	-4.6%	2,8 M €	+6.1%	2,6 M €	+2.7%	2,6 M €	+3.2%	2,5 M €	-1.1%	2,5 M €	-46.3%	4,7 M €	+59.6%	2,9 M €	-5.5%	3,1 M €	+53.2%	2 M €	-40.2%	3,4 M €	+51.3%	2,2 M €	-43.1%	3,9 M €	-25.8%	5,3 M €	-1.6%	5,4 M €	+11.1%	4,8 M €	-17.6%	5,9 M €
Balance sheet
Equity	64,6 M €	+2.7%	62,9 M €	+2.9%	61,1 M €	+2.8%	59,5 M €	+3.4%	57,5 M €	+3.2%	55,8 M €	+3.4%	53,9 M €	+8.1%	49,9 M €	+4.9%	47,6 M €	+5.5%	45,1 M €	+3.1%	43,7 M €	+432209%	10,1 k €	-99.8%	5,3 M €	-8.5%	5,8 M €	+17.4%	5 M €	+15.5%	4,3 M €	+3.1%	4,2 M €
Total assets	70 M €	+1.4%	69,1 M €	+1.7%	67,9 M €	+2.0%	66,6 M €	+1.8%	65,5 M €	-2.2%	66,9 M €	-7.5%	72,3 M €	+5.5%	68,6 M €	+3.0%	66,5 M €	+3.3%	64,4 M €	+41.2%	45,6 M €	+1523%	2,8 M €	-72.0%	10 M €	-15.3%	11,8 M €	-16.2%	14,1 M €	-0.9%	14,3 M €	+149%	5,7 M €
Cash	60,1 k €	-94.7%	1,1 M €	+4.5%	1,1 M €	-53.8%	2,4 M €	+81.7%	1,3 M €	-44.9%	2,4 M €	-67.5%	7,3 M €	+333%	1,7 M €	-10.5%	1,9 M €	+850%	197,7 k €	+453%	35,8 k €	+51.1%	23,7 k €	-10.9%	26,6 k €	+67.5%	15,9 k €	-98.4%	1 M €	+1982%	48,4 k €	+624%	6,7 k €
Debts	5,4 M €	-12.5%	6,1 M €	-9.7%	6,8 M €	-5.2%	7,1 M €	-9.8%	7,9 M €	-29.0%	11,1 M €	-39.4%	18,4 M €	-1.3%	18,7 M €	-1.6%	19 M €	-1.6%	19,3 M €	+930%	1,9 M €	-21.4%	2,4 M €	-49.0%	4,7 M €	-22.1%	6 M €	-31.0%	8,7 M €	-8.4%	9,5 M €	+771%	1,1 M €
Other
Workforce	0,6 ETP	-14.3%	0,7 ETP	+16.7%	0,6 ETP	0.0%	0,6 ETP	-25.0%	0,8 ETP	0.0%	0,8 ETP	+33.3%	0,6 ETP	+200%	0,2 ETP		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 13 active · 123 ended

Active mandates

Wertz Frederik

Director · since 09 décembre 2025 · until 12 mai 2026

Active

Fabrice PAULUS

Chairman of the board of directors · since 17 juin 2025 · until 17 juin 2031

Active

Freddy RENIER

Director · since 17 juin 2025 · until 17 juin 2031

Active

Frederik WERTZ

Vice-chairman of the board of directors · since 17 juin 2025 · until 08 décembre 2025

Active

Gabrielle SCHRÖDER

Director · since 17 juin 2025 · until 17 juin 2031

Active

Gerd MALMENDIER

Director · since 17 juin 2025 · until 17 juin 2031

Active

José HECK

Director · since 17 juin 2025 · until 17 juin 2031

Active

Laurent CRASSON

Director · since 17 juin 2025 · until 17 juin 2031

Active

Mathieu BRONLET

Director · since 17 juin 2025 · until 17 juin 2031

Active

Michelle HABETS

Director · since 17 juin 2025 · until 17 juin 2031

Active

Patrick HEYEN

Director · since 17 juin 2025 · until 17 juin 2031

Active

Reinhold ADAMS

Director · since 17 juin 2025 · until 17 juin 2031

Active

Serge DOLLENDORF

Director · since 17 juin 2025 · until 17 juin 2031

Active

Ended mandates

Frederik Wertz

Vice-chairman of the board of directors · since 11 mars 2025 · until 17 juin 2025

Ended

Björn Klinkenberg

Director · since 02 décembre 2024 · until 17 juin 2025

Ended

Marcel Goffinet

Director · since 02 décembre 2024 · until 17 juin 2025

Ended

Patrick Heyen

Director · since 02 décembre 2024 · until 17 juin 2025

Ended

At this address

Other companies at this address

Company	CBE no.
Rat für Stadtmarketing Eupen V.o.G.● Active	0895.362.359
Verkehrsverein Eupen● Active	0406.510.469

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/07/2026	11/07/2025	11/07/2024	22/06/2023	30/06/2022	24/06/2021
General meeting	16/06/2026	17/06/2025	11/06/2024	13/06/2023	15/06/2022	16/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	16/06/2026	01/07/2026	French	PDF
Full model	31/12/2024	17/06/2025	11/07/2025	French	PDF
Full model	31/12/2023	11/06/2024	11/07/2024	French	PDF
Full model	31/12/2022	13/06/2023	22/06/2023	French	PDF
Full model	31/12/2021	15/06/2022	30/06/2022	French	PDF
Full model	31/12/2020	16/06/2021	24/06/2021	French	PDF
Full model	31/12/2019	17/06/2020	13/07/2020	French	PDF
Full model	31/12/2018	26/06/2019	11/07/2019	French	PDF
Full model	31/12/2017	26/06/2018	06/07/2018	French	PDF
Full model	31/12/2016	21/06/2017	11/07/2017	French	PDF
Full model	31/12/2015	22/06/2016	06/07/2016	French	PDF
Full model	31/12/2014	25/06/2015	24/07/2015	French	PDF
Full model	31/12/2013	26/06/2014	03/07/2014	French	PDF
Full model	31/12/2012	18/06/2013	02/07/2013	French	PDF
Full model	31/12/2011	19/06/2012	09/07/2012	French	PDF
Full model	31/12/2010	28/06/2011	06/07/2011	French	PDF
Full model	31/12/2009	22/06/2010	20/07/2010	French	PDF
Full model	31/12/2008	16/06/2009	15/07/2009	French	PDF
Full model	31/12/2007	24/06/2008	23/07/2008	French	PDF
Full model	31/12/2006	13/06/2007	13/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 13 active · 123 ended

Active mandates

Wertz Frederik

Director · since 09 décembre 2025 · until 12 mai 2026

Active

Fabrice PAULUS

Chairman of the board of directors · since 17 juin 2025 · until 17 juin 2031

Active

Freddy RENIER

Director · since 17 juin 2025 · until 17 juin 2031

Active

Frederik WERTZ

Vice-chairman of the board of directors · since 17 juin 2025 · until 08 décembre 2025

Active

Gabrielle SCHRÖDER

Director · since 17 juin 2025 · until 17 juin 2031

Active

Gerd MALMENDIER

Director · since 17 juin 2025 · until 17 juin 2031

Active

José HECK

Director · since 17 juin 2025 · until 17 juin 2031

Active

Laurent CRASSON

Director · since 17 juin 2025 · until 17 juin 2031

Active

Mathieu BRONLET

Director · since 17 juin 2025 · until 17 juin 2031

Active

Michelle HABETS

Director · since 17 juin 2025 · until 17 juin 2031

Active

Patrick HEYEN

Director · since 17 juin 2025 · until 17 juin 2031

Active

Reinhold ADAMS

Director · since 17 juin 2025 · until 17 juin 2031

Active

Serge DOLLENDORF

Director · since 17 juin 2025 · until 17 juin 2031

Active

Ended mandates

Frederik Wertz

Vice-chairman of the board of directors · since 11 mars 2025 · until 17 juin 2025

Ended

Björn Klinkenberg

Director · since 02 décembre 2024 · until 17 juin 2025

Ended

Marcel Goffinet

Director · since 02 décembre 2024 · until 17 juin 2025

Ended

Patrick Heyen

Director · since 02 décembre 2024 · until 17 juin 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates14/07/2026
ENTLASSUNG - ERNENNUNG
PDF
Other25/06/2026
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates22/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2025
ENTLASSUNG - ERNENNUNG
PDF
Mandates22/08/2022
ENTLASSUNG - ERNENNUNG
PDF
Mandates22/08/2022
DEMISSIONS, NOMINATIONS
PDF
Other17/01/2022
VERSCHIEDENES
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20252,7 M €↓
17/06/2025
nominationPatrick HEYEN — administrateur
17/06/2025
nominationReinhold ADAMS — administrateur
17/06/2025
nominationSerge DOLLENDORF — administrateur
17/06/2025
nominationJosé HECK — administrateur
17/06/2025
nominationFabrice PAULUS — Président
17/06/2025
nominationFreddy RENIER — administrateur
17/06/2025
nominationGerd MALMENDIER — administrateur
17/06/2025
nominationMathieu BRONLET — administrateur
17/06/2025
nominationMichelle HABETS — administrateur
17/06/2025
nominationFrederik WERTZ — Vice-Président
17/06/2025
nominationGaby SCHRÖDER — administrateur
17/06/2025
nominationLaurent CRASSON — administrateur
17/06/2025
nominationPatrick HEYEN — Mitglied des Verwaltungsrates
17/06/2025
nominationReinhold ADAMS — Mitglied des Verwaltungsrates
17/06/2025
nominationSerge DOLLENDORF — Mitglied des Verwaltungsrates
17/06/2025
nominationJosé HECK — Mitglied des Verwaltungsrates
17/06/2025
nominationFabrice PAULUS — Präsident / Mitglied des Verwaltungsrates
17/06/2025
nominationFreddy RENIER — Mitglied des Verwaltungsrates
17/06/2025
nominationGerd MALMENDIER — Mitglied des Verwaltungsrates
17/06/2025
nominationMathieu BRONLET — Mitglied des Verwaltungsrates
17/06/2025
nominationMichelle HABETS — Mitglied des Verwaltungsrates
17/06/2025
nominationFrederik WERTZ — Vizepräsident / Mitglied des Verwaltungsrates
17/06/2025
nominationGaby SCHRÖDER — Mitglied des Verwaltungsrates
17/06/2025
nominationLaurent CRASSON — Mitglied des Verwaltungsrates
2024
Annual accounts 20242,8 M €↑
02/12/2024
nominationPatrick HEYEN — administrateur
02/12/2024
nominationBjörn KLINKENBERG — administrateur
02/12/2024
nominationFrederik WERTZ — administrateur
02/12/2024
nominationMarcel GOFFINET — administrateur
02/12/2024
nominationPatrick HEYEN — Mitglied des Verwaltungsrates
02/12/2024
nominationBjörn KLINKENBERG — Mitglied des Verwaltungsrates
02/12/2024
nominationFrederik WERTZ — Mitglied des Verwaltungsrates
02/12/2024
nominationMarcel GOFFINET — Mitglied des Verwaltungsrates
2023
Annual accounts 20232,6 M €↑
2022
Annual accounts 20222,6 M €↑
01/07/2022
nominationCallens Pirenne, Theunissen & Co Scrl — Wirtschaftsprüfer
01/07/2022
nominationBoudewijn CALLENS — Contrôleur aux comptes
01/07/2022
nominationLieven VAN BRUSSEL — Contrôleur aux comptes
2021
Annual accounts 20212,5 M €↓
2021
Name changeFINEST-FINOST
2020
Annual accounts 20202,5 M €↓
2019
Annual accounts 20194,7 M €↑
2018
Annual accounts 20182,9 M €↓
2017
Annual accounts 20173,1 M €↑
2016
Annual accounts 20162 M €↓
2015
Annual accounts 20153,4 M €↑
2014
Annual accounts 20142,2 M €↓
2013
Annual accounts 20133,9 M €↓
2012
Annual accounts 20125,3 M €↓
2011
Annual accounts 20115,4 M €↑
2010
Annual accounts 20104,8 M €↓
2009
Annual accounts 20095,9 M €
2009
Name changeFINOST - FINEST
26/04/1996
IncorporationCooperative society

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FINOST - FINEST

Overview

What does FINOST - FINEST do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline