ACTIVE

FINCIOEN

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

368 k €

+28.4% YoY

Gross margin

2,5 M €

+9.7% YoY

Equity

2,3 M €

+19.0% YoY

Workforce

28,7 ETP

+10.8% YoY

What does FINCIOEN do?

FINCIOEN is a Private limited company incorporated in 1982. Its registered office is in Maldegem. It employs on average 28,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.341.760

Incorporation

01/01/1982

Legal form

Private limited company

Registered office

Aardenburgkalseide 254 box 3
9990 Maldegem · FlandreSee on map

Contributed capital

7 452,78 €

Latest accounts

31/12/2025

Average workforce

28,7 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	2,5 M €	+9.7%	2,3 M €	-6.2%	2,5 M €	-0.7%	2,5 M €	+28.7%	1,9 M €	+0.0%	1,9 M €		–		–		–		–		–		–		–		–		967,8 k €	+17.3%	825,4 k €	-3.2%	852,2 k €	+10.7%	769,7 k €
EBITDA	708,8 k €	+6.8%	663,8 k €	+8.4%	612,6 k €	-20.9%	774,8 k €	+49.5%	518,1 k €	+0.6%	515,3 k €	+508%	84,8 k €	-35.8%	131,9 k €	-56.0%	300 k €	+8.1%	277,6 k €	-44.0%	495,9 k €	+39.7%	354,8 k €	-3.3%	367 k €	+76.3%	208,2 k €	+22.9%	169,4 k €	-8.1%	184,3 k €	-3.0%	190 k €	+56.2%	121,6 k €
Operating result	474,2 k €	+43.5%	330,4 k €	-34.8%	507,1 k €	-29.3%	717,1 k €	+91.8%	373,9 k €	+19.6%	312,7 k €	+288%	-166 k €	-66.8%	-99,5 k €	-234%	74,3 k €	-4.6%	77,9 k €	-61.5%	202,5 k €	+84.0%	110 k €	+190%	-121,6 k €	-348%	-27,1 k €	-141%	65,9 k €	-44.1%	117,8 k €	-9.1%	129,5 k €	+149%	51,9 k €
Net result	368 k €	+28.4%	286,5 k €	-18.4%	351,2 k €	-31.2%	510,4 k €	+92.1%	265,6 k €	-5.0%	279,7 k €	+231%	-213,8 k €	-26.5%	-169 k €	-1692%	10,6 k €	+445%	1,9 k €	-98.3%	114,6 k €	+70.4%	67,2 k €	+134%	-195,4 k €	-38.9%	-140,7 k €	-359%	54,4 k €	-59.2%	133,4 k €	+14.4%	116,6 k €	+69.3%	68,9 k €
Balance sheet
Equity	2,3 M €	+19.0%	1,9 M €	+4.7%	1,8 M €	+23.5%	1,5 M €	+51.5%	987,4 k €	+36.8%	721,8 k €	+63.3%	442,1 k €	-32.6%	655,8 k €	-20.5%	824,8 k €	+1.3%	814,2 k €	+0.2%	812,3 k €	+16.4%	697,7 k €	+10.7%	630,4 k €	-23.7%	825,8 k €	-14.6%	966,5 k €	+6.0%	912,2 k €	+17.1%	778,8 k €	+17.6%	662,1 k €
Total assets	4,8 M €	+8.5%	4,5 M €	-2.3%	4,6 M €	+7.9%	4,2 M €	+16.4%	3,6 M €	+28.0%	2,8 M €	-26.3%	3,9 M €	-11.3%	4,4 M €	-8.7%	4,8 M €	+1.5%	4,7 M €	+5.3%	4,5 M €	-5.3%	4,7 M €	-9.6%	5,2 M €	-6.4%	5,6 M €	-0.3%	5,6 M €	+153%	2,2 M €	+11.3%	2 M €	+11.4%	1,8 M €
Cash	788,2 k €	-18.4%	965,7 k €	+10.4%	874,6 k €	-0.4%	877,8 k €	-9.1%	966 k €	+33.5%	723,5 k €	+103%	357,1 k €	+2.2%	349,6 k €	+12.6%	310,4 k €	-25.6%	417,1 k €	+93.6%	215,5 k €	-17.9%	262,4 k €	-52.5%	552,4 k €	+101%	275,5 k €	-58.7%	666,5 k €	+115%	310,5 k €	+4.6%	296,8 k €	+99.3%	149 k €
Debts	2,5 M €	+0.5%	2,5 M €	-2.2%	2,6 M €	-2.6%	2,7 M €	+1.4%	2,6 M €	+23.6%	2,1 M €	-38.0%	3,4 M €	-7.3%	3,7 M €	-6.3%	3,9 M €	+1.5%	3,9 M €	+6.6%	3,6 M €	-9.0%	4 M €	-12.6%	4,6 M €	-3.6%	4,7 M €	+2.8%	4,6 M €	+256%	1,3 M €	+7.5%	1,2 M €	+7.7%	1,1 M €
Other
Workforce	28,7 ETP	+10.8%	25,9 ETP	-2.6%	26,6 ETP	+3.1%	25,8 ETP	-5.5%	27,3 ETP	-11.7%	30,9 ETP	-4.9%	32,5 ETP	-0.3%	32,6 ETP	-7.1%	35,1 ETP	+2.3%	34,3 ETP	-7.3%	37,0 ETP	-3.1%	38,2 ETP	+4.4%	36,6 ETP	-3.4%	37,9 ETP	+112%	17,9 ETP	+50.4%	11,9 ETP	-17.9%	14,5 ETP	+0.7%	14,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

WAT*

Mandate · 1016.937.904

Represented by Stein Watteeuw

Active

Ended mandates

Ronny Fincioen

Director

Ended

Ronny Fincioen

Manager

Ended

WAT*

Director · 1016.937.904

Represented by Stein Watteeuw

Ended

At this address

Other companies at this address

Company	CBE no.
Fit4Motion● Active	0785.625.665
KLEINE HERKAUWERS VLAANDEREN● Active	0865.752.417
VALETTA● Bankrupt	0834.339.956
Vlaamse Piétrain Fokkerij VZW● Active	0479.920.168

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	20/07/2026	31/07/2025	22/07/2024	04/10/2023	29/08/2022	26/08/2021
General meeting	17/07/2026	31/07/2025	01/06/2024	03/10/2023	29/08/2022	21/08/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/07/2026	20/07/2026	Dutch	PDF
Abridged model	31/12/2024	31/07/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	22/07/2024	Dutch	PDF
Abridged model	31/12/2022	03/10/2023	04/10/2023	Dutch	PDF
Abridged model	31/12/2021	29/08/2022	29/08/2022	Dutch	PDF
Abridged model	31/12/2020	21/08/2021	26/08/2021	Dutch	PDF
Full model	31/12/2019	31/08/2020	31/08/2020	Dutch	PDF
Full model	31/12/2018	29/08/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	17/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	19/07/2016	Dutch	PDF
Full model	31/12/2014	20/06/2015	07/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	10/07/2014	Dutch	PDF
Full model	31/12/2012	01/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	21/08/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	16/07/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	21/08/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	27/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 1 active · 3 ended

Active mandates

WAT*

Mandate · 1016.937.904

Represented by Stein Watteeuw

Active

Ended mandates

Ronny Fincioen

Director

Ended

Ronny Fincioen

Manager

Ended

WAT*

Director · 1016.937.904

Represented by Stein Watteeuw

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/01/2025
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/03/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/11/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2013
ONTSLAGEN - BENOEMINGEN
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 2025368 k €↑
2024
Annual accounts 2024286,5 k €↓
2023
Annual accounts 2023351,2 k €↓
2022
Annual accounts 2022510,4 k €↑
2021
Annual accounts 2021265,6 k €↓
2020
Annual accounts 2020279,7 k €↑
2019
Annual accounts 2019-213,8 k €↓
2018
Annual accounts 2018-169 k €↓
2017
Annual accounts 201710,6 k €↑
2016
Annual accounts 20161,9 k €↓
2015
Annual accounts 2015114,6 k €↑
2014
Annual accounts 201467,2 k €↑
2013
Annual accounts 2013-195,4 k €↓
2012
Annual accounts 2012-140,7 k €↓
2011
Annual accounts 201154,4 k €↓
2010
Annual accounts 2010133,4 k €↑
2009
Annual accounts 2009116,6 k €↑
2008
Annual accounts 200868,9 k €
01/01/1982
IncorporationPrivate limited company

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

FINCIOEN

Overview

What does FINCIOEN do?

Trend over 18 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