ACTIVE

FINOST - FINEST

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Financial year 2025 · Closed on 31/12/2025

Net result2,7 M €-4,6 %over 1 year
Equity64,6 M €+2,7 %over 1 year
Workforce0,6 ETP-14,3 %over 1 year

Identity

Source · BCE/KBO

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
Joint committees (2)
  • 200
  • 218
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 20 filings

Trend over 17 financial years

20252024202320222021
Income statement
EBITDA-140,3 k €-156,2 k €-145,2 k €-123,1 k €-132,5 k €
Operating result-140,8 k €-156,2 k €-145,3 k €-123,5 k €-135,5 k €
Net result2,7 M €2,8 M €2,6 M €2,6 M €2,5 M €
Balance sheet
Equity64,6 M €62,9 M €61,1 M €59,5 M €57,5 M €
Total assets70 M €69,1 M €67,9 M €66,6 M €65,5 M €
Cash60,1 k €1,1 M €1,1 M €2,4 M €1,3 M €
Debts5,4 M €6,1 M €6,8 M €7,1 M €7,9 M €
Other
Workforce0,6 ETP0,7 ETP0,6 ETP0,6 ETP0,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

12 active · 46 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Wertz Frederik
Director09/12/2025 → 12/05/2026Vice-chairman of the board of directors11/03/2025 → 08/12/2025
Fabrice PAULUS
Chairman of the board of directors26/06/2019 → 17/06/2031Vice-chairman of the board of directors26/06/2018 → 2018 accountsendedDirector13/09/2010 → 2018 accountsended
Freddy RENIER
Director17/06/2025 → 17/06/2031
Gabrielle SCHRÖDER
Director17/06/2025 → 17/06/2031
Gerd MALMENDIER
Director17/06/2025 → 17/06/2031
José HECK
Director26/06/2019 → 17/06/2031
Laurent CRASSON
Director26/06/2019 → 17/06/2031
Mathieu BRONLET
Director26/06/2019 → 17/06/2031
Michelle HABETS
Director26/06/2019 → 17/06/2031
Patrick HEYEN
Director02/12/2024 → 17/06/2031
Reinhold ADAMS
Director17/06/2025 → 17/06/2031
Serge DOLLENDORF
Director26/06/2019 → 17/06/2031

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Björn Klinkenberg
Director02/12/2024 → 2024 accounts
Marcel Goffinet
Director02/12/2024 → 2024 accounts
August BOFFENRATH
Vice-chairman of the board of directors26/06/2019 → 2023 accounts
Etienne Simar
Director26/06/2019 → 2024 accounts

Other companies at this address

Place de l'Hôtel de Ville 14 4700 Eupen
CompanyCBE no.
Rat für Stadtmarketing Eupen V.o.G.● Active
0895.362.359
Verkehrsverein Eupen● Active
0406.510.469

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/07/202611/07/202511/07/202422/06/202330/06/202224/06/2021
General meeting16/06/202617/06/202511/06/202413/06/202315/06/202216/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202516/06/202601/07/2026FrenchPDF
Full model31/12/202417/06/202511/07/2025FrenchPDF
Full model31/12/202311/06/202411/07/2024FrenchPDF
Full model31/12/202213/06/202322/06/2023FrenchPDF
Full model31/12/202115/06/202230/06/2022FrenchPDF
Full model31/12/202016/06/202124/06/2021FrenchPDF
Full model31/12/201917/06/202013/07/2020FrenchPDF
Full model31/12/201826/06/201911/07/2019FrenchPDF
Full model31/12/201726/06/201806/07/2018FrenchPDF
Full model31/12/201621/06/201711/07/2017FrenchPDF
Full model31/12/201522/06/201606/07/2016FrenchPDF
Full model31/12/201425/06/201524/07/2015FrenchPDF
Full model31/12/201326/06/201403/07/2014FrenchPDF
Full model31/12/201218/06/201302/07/2013FrenchPDF
Full model31/12/201119/06/201209/07/2012FrenchPDF
Full model31/12/201028/06/201106/07/2011FrenchPDF
Full model31/12/200922/06/201020/07/2010FrenchPDF
Full model31/12/200816/06/200915/07/2009FrenchPDF
Full model31/12/200724/06/200823/07/2008FrenchPDF
Full model31/12/200613/06/200713/07/2007FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

12 active · 46 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Wertz Frederik
Director09/12/2025 → 12/05/2026Vice-chairman of the board of directors11/03/2025 → 08/12/2025
Fabrice PAULUS
Chairman of the board of directors26/06/2019 → 17/06/2031Vice-chairman of the board of directors26/06/2018 → 2018 accountsendedDirector13/09/2010 → 2018 accountsended
Freddy RENIER
Director17/06/2025 → 17/06/2031
Gabrielle SCHRÖDER
Director17/06/2025 → 17/06/2031
Gerd MALMENDIER
Director17/06/2025 → 17/06/2031
José HECK
Director26/06/2019 → 17/06/2031
Laurent CRASSON
Director26/06/2019 → 17/06/2031
Mathieu BRONLET
Director26/06/2019 → 17/06/2031
Michelle HABETS
Director26/06/2019 → 17/06/2031
Patrick HEYEN
Director02/12/2024 → 17/06/2031
Reinhold ADAMS
Director17/06/2025 → 17/06/2031
Serge DOLLENDORF
Director26/06/2019 → 17/06/2031

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Björn Klinkenberg
Director02/12/2024 → 2024 accounts
Marcel Goffinet
Director02/12/2024 → 2024 accounts
August BOFFENRATH
Vice-chairman of the board of directors26/06/2019 → 2023 accounts
Etienne Simar
Director26/06/2019 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates14/07/2026
    Assemblée générale ordinaire du 16 juin 2026 - Nomination statutaire
    PDF
  • Other14/07/2026
    Ordentliche Generalversammlung vom 16. Juni 2026 - Statutarische
    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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings17 filings
Mandates
Wertz Frederik
Gerd MALMENDIER
Laurent CRASSON
Fabrice PAULUS
Mathieu BRONLET
Freddy RENIER
Patrick HEYEN
Reinhold ADAMS
Michelle HABETS
José HECK
Gabrielle SCHRÖDER
Serge DOLLENDORF
199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031
FINEST-FINOSTFINOST - FINEST
Place de l'Hôtel de Ville 14, 4700 Eupen
Vice-chairman of the board of directors
Director
Director
Chairman of the board of directorsDirector
Director
Director
Director
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Place de l'Hôtel de Ville 14, 4700 EupenCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00251290

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
FINOST - FINESTCurrent
CBE
FINEST-FINOST
accounts 2021 → 2025
Accounts 2025 · 2026-00251290
FINOST - FINEST
accounts 2009 → 2020
Accounts 2020 · 2021-24000196

Events

  1. 2025
    Annual accounts 20252,7 M €↓
  2. 17/06/2025
    nominationPatrick HEYEN · administrateur
  3. 17/06/2025
    nominationReinhold ADAMS · administrateur
  4. 17/06/2025
    nominationSerge DOLLENDORF · administrateur
  5. 17/06/2025
    nominationJosé HECK · administrateur
  6. 17/06/2025
    nominationFabrice PAULUS · Président
  7. 17/06/2025
    nominationFreddy RENIER · administrateur
  8. 17/06/2025
    nominationGerd MALMENDIER · administrateur
  9. 17/06/2025
    nominationMathieu BRONLET · administrateur
  10. 17/06/2025
    nominationMichelle HABETS · administrateur
  11. 17/06/2025
    nominationFrederik WERTZ · Vice-Président
  12. 17/06/2025
    nominationGaby SCHRÖDER · administrateur
  13. 17/06/2025
    nominationLaurent CRASSON · administrateur
  14. 17/06/2025
    nominationPatrick HEYEN · Mitglied des Verwaltungsrates
  15. 17/06/2025
    nominationReinhold ADAMS · Mitglied des Verwaltungsrates
  16. 17/06/2025
    nominationSerge DOLLENDORF · Mitglied des Verwaltungsrates
  17. 17/06/2025
    nominationJosé HECK · Mitglied des Verwaltungsrates
  18. 17/06/2025
    nominationFabrice PAULUS · Präsident / Mitglied des Verwaltungsrates
  19. 17/06/2025
    nominationFreddy RENIER · Mitglied des Verwaltungsrates
  20. 17/06/2025
    nominationGerd MALMENDIER · Mitglied des Verwaltungsrates
  21. 17/06/2025
    nominationMathieu BRONLET · Mitglied des Verwaltungsrates
  22. 17/06/2025
    nominationMichelle HABETS · Mitglied des Verwaltungsrates
  23. 17/06/2025
    nominationFrederik WERTZ · Vizepräsident / Mitglied des Verwaltungsrates
  24. 17/06/2025
    nominationGaby SCHRÖDER · Mitglied des Verwaltungsrates
  25. 17/06/2025
    nominationLaurent CRASSON · Mitglied des Verwaltungsrates
  26. 2024
    Annual accounts 20242,8 M €↑
  27. 02/12/2024
    nominationPatrick HEYEN · administrateur
  28. 02/12/2024
    nominationBjörn KLINKENBERG · administrateur
  29. 02/12/2024
    nominationFrederik WERTZ · administrateur
  30. 02/12/2024
    nominationMarcel GOFFINET · administrateur
  31. 02/12/2024
    nominationPatrick HEYEN · Mitglied des Verwaltungsrates
  32. 02/12/2024
    nominationBjörn KLINKENBERG · Mitglied des Verwaltungsrates
  33. 02/12/2024
    nominationFrederik WERTZ · Mitglied des Verwaltungsrates
  34. 02/12/2024
    nominationMarcel GOFFINET · Mitglied des Verwaltungsrates
  35. 2023
    Annual accounts 20232,6 M €↑
  36. 2022
    Annual accounts 20222,6 M €↑
  37. 01/07/2022
    nominationCallens Pirenne, Theunissen & Co Scrl · Wirtschaftsprüfer
  38. 01/07/2022
    nominationBoudewijn CALLENS · Contrôleur aux comptes
  39. 01/07/2022
    nominationLieven VAN BRUSSEL · Contrôleur aux comptes
  40. 2021
    Annual accounts 20212,5 M €↓
  41. 2021
    Name changeFINEST-FINOST
  42. 2020
    Annual accounts 20202,5 M €↓
  43. 2019
    Annual accounts 20194,7 M €↑
  44. 2018
    Annual accounts 20182,9 M €↓
  45. 2017
    Annual accounts 20173,1 M €↑
  46. 2016
    Annual accounts 20162 M €↓
  47. 2015
    Annual accounts 20153,4 M €↑
  48. 2014
    Annual accounts 20142,2 M €↓
  49. 2013
    Annual accounts 20133,9 M €↓
  50. 2012
    Annual accounts 20125,3 M €↓
  51. 2011
    Annual accounts 20115,4 M €↑
  52. 2010
    Annual accounts 20104,8 M €↓
  53. 2009
    Annual accounts 20095,9 M €
  54. 26/04/1996
    IncorporationCooperative society