ACTIVE

FINIMO

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Financial year 2025 · closed on 31/12/2025

Net result

3,7 M €

-11.5% YoY

Gross margin

-119,3 k €

-56.9% YoY

Equity

106,3 M €

+2.1% YoY

Workforce

1,3 ETP

0.0% YoY

What does FINIMO do?

FINIMO is a Cooperative society incorporated in 1996. Its main activity is: General public administration activities. Its registered office is in Verviers. It employs on average 1,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0257.884.101

Incorporation

24/04/1996

Legal form

Cooperative society

Registered office

Place du Marché 55
4800 Verviers · WallonieSee on map

Contributed capital

50 210 798,47 €

Latest accounts

31/12/2025

Average workforce

1,3 ETP

Activities (NACE)

84119General public administration activities· main 84119General public administration activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	-119,3 k €	-56.9%	-76 k €	+32.7%	-113 k €	-23.4%	-91,5 k €	-35.7%	-67,5 k €	+9.8%	-74,8 k €	+16.8%	-89,9 k €	-0.4%	-89,5 k €	-12.1%	-79,8 k €		–		–		–		–		–		–		–		–		–
EBITDA	-309,7 k €	-18.9%	-260,5 k €	+8.5%	-284,8 k €	-12.1%	-254,2 k €	-44.3%	-176,1 k €	+2.3%	-180,2 k €	-2.7%	-175,4 k €	+20.4%	-220,5 k €	-40.6%	-156,8 k €	+7.9%	-170,2 k €	+21.3%	-216,4 k €	-107%	2,9 M €	-36.7%	4,6 M €	-36.8%	7,3 M €	+33.6%	5,5 M €	+3.8%	5,3 M €	-4.0%	5,5 M €	+103%	2,7 M €
Operating result	-310,9 k €	-18.9%	-261,6 k €	+8.2%	-284,8 k €	-12.1%	-254,2 k €	-44.2%	-176,3 k €	+2.5%	-180,9 k €	-2.7%	-176,1 k €	+20.5%	-221,4 k €	-40.8%	-157,3 k €	+8.1%	-171,1 k €	+21.4%	-217,7 k €	-107%	3,1 M €	-32.4%	4,6 M €	-36.8%	7,3 M €	+33.6%	5,5 M €	+3.8%	5,3 M €	-4.0%	5,5 M €	+103%	2,7 M €
Net result	3,7 M €	-11.5%	4,2 M €	-79.8%	20,8 M €	+467%	3,7 M €	+2.0%	3,6 M €	-0.8%	3,6 M €	-9.1%	4 M €	+10.9%	3,6 M €	-29.2%	5,1 M €	+112%	2,4 M €	-15.0%	2,8 M €	-21.6%	3,6 M €	-22.5%	4,7 M €	-36.6%	7,3 M €	+35.5%	5,4 M €	-5.5%	5,7 M €	-28.7%	8 M €	+165%	3 M €
Balance sheet
Equity	106,3 M €	+2.1%	104,1 M €	+4.2%	99,9 M €	+26.4%	79,1 M €	+4.9%	75,4 M €	+5.0%	71,8 M €	+5.3%	68,1 M €	+6.2%	64,1 M €	+6.0%	60,5 M €	+9.2%	55,4 M €	+4.5%	53 M €	+444%	9,8 M €	-64.1%	27,2 M €	+4.5%	26 M €	+22.4%	21,2 M €	+108%	10,2 M €	+33.9%	7,6 M €	+204%	2,5 M €
Total assets	121,1 M €	+0.5%	120,4 M €	+2.4%	117,6 M €	+20.0%	98 M €	+2.6%	95,6 M €	-0.5%	96 M €	+1.9%	94,3 M €	+2.3%	92,2 M €	+1.0%	91,3 M €	+4.7%	87,2 M €	+30.5%	66,8 M €	+135%	28,5 M €	-38.2%	46,1 M €	-0.2%	46,2 M €	+5.2%	43,9 M €	+85.2%	23,7 M €	+109%	11,3 M €	+119%	5,2 M €
Cash	18,7 M €	+14.6%	16,3 M €	+19.5%	13,6 M €	+2.4%	13,3 M €	+20.8%	11 M €	+9.8%	10 M €	+11.1%	9 M €	+37.6%	6,6 M €	-11.0%	7,4 M €	+76.5%	4,2 M €	-41.5%	7,1 M €	-33.1%	10,7 M €	+36.0%	7,9 M €	+38.6%	5,7 M €	-42.7%	9,9 M €	-50.0%	19,8 M €	+164%	7,5 M €	+263%	2,1 M €
Debts	14,8 M €	-9.6%	16,3 M €	-7.9%	17,7 M €	-6.7%	19 M €	-5.9%	20,2 M €	-16.8%	24,2 M €	-7.2%	26,1 M €	-6.7%	28 M €	-8.9%	30,7 M €	-3.1%	31,7 M €	+133%	13,6 M €	-26.3%	18,5 M €	-0.9%	18,6 M €	-6.2%	19,9 M €	-5.3%	21 M €	+73.1%	12,1 M €	+443%	2,2 M €	-1.9%	2,3 M €
Other
Workforce	1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP	+8.3%	1,2 ETP	+9.1%	1,1 ETP	0.0%	1,1 ETP	+22.2%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	+125%	0,4 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 15 active · 93 ended

Active mandates

Albert ANDRE

Director · since 26 juin 2025 · until 26 juin 2031

Active

Amaury DELTOUR

Director · since 26 juin 2025 · until 26 juin 2031

Active

ANDRE SAMRAY

Vice-chairman of the board of directors · since 26 juin 2025 · until 26 juin 2031

Active

ARNAUD DEWEZ

Director · since 26 juin 2025 · until 26 juin 2031

Active

Audrey BEER

Director · since 26 juin 2025 · until 26 juin 2031

Active

BENOIT DORTHU

Chairman of the board of directors · since 26 juin 2025 · until 26 juin 2031

Active

BRUNO GAVRAY

Director · since 26 juin 2025 · until 26 juin 2031

Active

CAROLINE CASSART

Director · since 26 juin 2025 · until 26 juin 2031

Active

Christian VERDIN

Director · since 26 juin 2025 · until 26 juin 2031

Active

Damien WATHELET

Director · since 26 juin 2025 · until 26 juin 2031

Active

Hubert AUSSEMS

Director · since 26 juin 2025 · until 26 juin 2031

Active

JEAN-POL DELLICOUR

Director · since 26 juin 2025 · until 26 juin 2031

Active

Jessica KARACOSTAS

Director · since 26 juin 2025 · until 26 juin 2031

Active

Liliane LANNERS

Director · since 26 juin 2025 · until 26 juin 2031

Active

STEPHAN GODART

Director · since 26 juin 2025 · until 26 juin 2031

Active

Ended mandates

BENOIT DORTHU

Chairman of the board of directors · since 19 décembre 2024 · until 26 juin 2025

Ended

Mathieu DAELE

Director · since 19 décembre 2024 · until 26 juin 2025

Ended

Alfred BREUWER

Chairman of the board of directors · since 26 juin 2019 · until 26 juin 2025

Ended

Alfred BREUWER

Director · since 26 juin 2019 · until 26 juin 2025

Ended

At this address

Other companies at this address

Company	CBE no.
Commission d'Aide aux Inventeurs● Active	0408.447.796
ECOLE DES JEUNES● Liquidation	0463.951.196
La Maison Verviétoise des Sports● Active	0864.604.649
LA SEIGNEURIE DE LA VERVI-RIZ● Active	0443.075.313
LE COMITE DE JUMELAGE VERVIERS - ARLES● Active	0474.426.208
LES AMIS DU PATRIMOINE VERVIETOIS● Active	0501.760.610
REGIE DES QUARTIERS DE VERVIERS● Active	0870.897.474
REGION DE VERVIERS - CONFERENCE D'ARRONDISSEMENT DES BOURGMESTRES ET DU COLLEGE PROVINCIAL DE LIEGE● Active	0523.971.036
VERVIERS AU FILM DE L'EAU● Active	0874.265.453
VERVIERS MUSIC FESTIVALS● Active	0842.806.076
VERVIERS,WALLONIE ...● Active	0860.127.308
Ville de Verviers● Active	0206.644.741

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/06/2026	08/07/2025	26/06/2024	06/12/2023	01/07/2022	02/07/2021
General meeting	23/06/2026	26/06/2025	25/06/2024	30/11/2023	29/06/2022	29/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/06/2026	30/06/2026	French	PDF
Abridged model	31/12/2024	26/06/2025	08/07/2025	French	PDF
Abridged model	31/12/2023	25/06/2024	26/06/2024	French	PDF
Abridged model	31/12/2022	30/11/2023	06/12/2023	French	PDF
Abridged model	31/12/2021	29/06/2022	01/07/2022	French	PDF
Abridged model	31/12/2020	29/06/2021	02/07/2021	French	PDF
Abridged model	31/12/2019	25/11/2020	27/11/2020	French	PDF
Abridged model	31/12/2018	26/06/2019	16/07/2019	French	PDF
Abridged model	31/12/2017	27/06/2018	20/07/2018	French	PDF
Full model	31/12/2016	20/06/2017	22/08/2017	French	PDF
Full model	31/12/2015	21/06/2016	14/07/2016	French	PDF
Full model	31/12/2014	22/06/2015	30/07/2015	French	PDF
Full model	31/12/2013	30/06/2014	04/08/2014	French	PDF
Full model	31/12/2012	26/06/2013	02/08/2013	French	PDF
Full modelCorrection	31/12/2011	09/07/2012	28/11/2012	French	PDF
Full model	31/12/2011	09/07/2012	09/08/2012	French	PDF
Full model	31/12/2010	28/06/2011	20/07/2011	French	PDF
Full model	31/12/2009	22/06/2010	28/06/2010	French	PDF
Full model	31/12/2008	29/06/2009	01/07/2009	French	PDF
Full model	31/12/2007	27/06/2008	02/07/2008	French	PDF
Full model	31/12/2006	26/06/2007	05/07/2007	French	PDF

Estimate

Indicative valuation

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 · 15 active · 93 ended

Active mandates

Albert ANDRE

Director · since 26 juin 2025 · until 26 juin 2031

Active

Amaury DELTOUR

Director · since 26 juin 2025 · until 26 juin 2031

Active

ANDRE SAMRAY

Vice-chairman of the board of directors · since 26 juin 2025 · until 26 juin 2031

Active

ARNAUD DEWEZ

Director · since 26 juin 2025 · until 26 juin 2031

Active

Audrey BEER

Director · since 26 juin 2025 · until 26 juin 2031

Active

BENOIT DORTHU

Chairman of the board of directors · since 26 juin 2025 · until 26 juin 2031

Active

BRUNO GAVRAY

Director · since 26 juin 2025 · until 26 juin 2031

Active

CAROLINE CASSART

Director · since 26 juin 2025 · until 26 juin 2031

Active

Christian VERDIN

Director · since 26 juin 2025 · until 26 juin 2031

Active

Damien WATHELET

Director · since 26 juin 2025 · until 26 juin 2031

Active

Hubert AUSSEMS

Director · since 26 juin 2025 · until 26 juin 2031

Active

JEAN-POL DELLICOUR

Director · since 26 juin 2025 · until 26 juin 2031

Active

Jessica KARACOSTAS

Director · since 26 juin 2025 · until 26 juin 2031

Active

Liliane LANNERS

Director · since 26 juin 2025 · until 26 juin 2031

Active

STEPHAN GODART

Director · since 26 juin 2025 · until 26 juin 2031

Active

Ended mandates

BENOIT DORTHU

Chairman of the board of directors · since 19 décembre 2024 · until 26 juin 2025

Ended

Mathieu DAELE

Director · since 19 décembre 2024 · until 26 juin 2025

Ended

Alfred BREUWER

Chairman of the board of directors · since 26 juin 2019 · until 26 juin 2025

Ended

Alfred BREUWER

Director · since 26 juin 2019 · until 26 juin 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/08/2025
DEMISSIONS, NOMINATIONS
PDF
Other10/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates02/01/2020
DEMISSIONS, NOMINATIONS
PDF
Other17/09/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Capital / shares13/08/2015
CAPITAL, ACTIONS
PDF
Mandates04/09/2013
DEMISSIONS, NOMINATIONS
PDF
Other14/02/2013
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other14/08/2012
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 20253,7 M €↓
26/06/2025
reconductionBenoît DORTHU — administrateur
26/06/2025
reconductionCaroline CASSART — administrateur
26/06/2025
reconductionJean-Pol DELLICOUR — administrateur
26/06/2025
reconductionAmaury DELTOUR — administrateur
26/06/2025
reconductionArnaud DEWEZ — administrateur
26/06/2025
reconductionBruno GAVRAY — administrateur
26/06/2025
reconductionJessica KARACOSTAS — administrateur
26/06/2025
reconductionAlexandre RENOTTE — administrateur
26/06/2025
reconductionChristian VERDIN — administrateur
26/06/2025
reconductionHubert AUSSEMS — administrateur
26/06/2025
reconductionAndré SAMRAY — administrateur
26/06/2025
reconductionDamien WATHELET — administrateur
26/06/2025
reconductionAlbert ANDRE — administrateur
26/06/2025
reconductionAudrey BEER — administrateur
26/06/2025
reconductionLiliane LANNERS — administrateur
26/06/2025
nominationValérie MAES — Secrétaire
2024
Annual accounts 20244,2 M €↓
2023
Annual accounts 202320,8 M €↑
2022
Annual accounts 20223,7 M €↑
2021
Annual accounts 20213,6 M €↓
2020
Annual accounts 20203,6 M €↓
2019
Annual accounts 20194 M €↑
2018
Annual accounts 20183,6 M €↓
2017
Annual accounts 20175,1 M €↑
2016
Annual accounts 20162,4 M €↓
2015
Annual accounts 20152,8 M €↓
2014
Annual accounts 20143,6 M €↓
2013
Annual accounts 20134,7 M €↓
2012
Annual accounts 20127,3 M €↑
2011
Annual accounts 20115,4 M €↓
2010
Annual accounts 20105,7 M €↓
2009
Annual accounts 20098 M €↑
2008
Annual accounts 20083 M €
24/04/1996
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

FINIMO

Overview

What does FINIMO do?

Trend over 18 financial years

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