ACTIVE

FINLAB

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Financial year 2025 · closed on 31/12/2025

Net result

1,3 M €

-4.2% YoY

Revenue

1,2 M €

+3.6% YoY

Equity

147,4 M €

+0.9% YoY

What does FINLAB do?

FINLAB is a Public limited company incorporated in 1983. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.285.315

Incorporation

29/12/1983

Legal form

Public limited company

Registered office

Kapeldreef 75
3001 Leuven · FlandreSee on map

Contributed capital

134 000 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities 71408Architectural and engineering activities; technical testing and analysis 77229Rental of video tapes and disks 77299Rental and leasing of other personal and household goods

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Revenue	1,2 M €	+3.6%	1,2 M €	+3.8%	1,1 M €	+7.0%	1 M €	+8.3%	962,2 k €	+2.0%	943,5 k €	+1.6%	928,7 k €	+2.3%	907,6 k €	+1.4%	895,3 k €	+0.3%	892,5 k €	+1.2%	882,3 k €	+1.5%	869,5 k €
EBITDA	1,2 M €	+3.6%	1,1 M €	+3.9%	1,1 M €	+6.5%	1 M €	+8.9%	932,5 k €	+1.6%	917,7 k €	+1.6%	903,3 k €	+4.6%	863,9 k €	+0.2%	862 k €	+0.3%	859,3 k €	+0.2%	857,8 k €	+1.5%	845,5 k €
Operating result	-971,1 k €	+18.8%	-1,2 M €	+4.9%	-1,3 M €	+5.9%	-1,3 M €	-1.0%	-1,3 M €	-113%	-620,8 k €	-249%	-178 k €	-90.2%	-93,6 k €	+59.9%	-233,5 k €	-248%	157,4 k €	-8.8%	172,6 k €	+7.7%	160,3 k €
Net result	1,3 M €	-4.2%	1,3 M €	+30.0%	1 M €	+125%	454 k €	+24.2%	365,4 k €	-62.6%	976,5 k €	-34.4%	1,5 M €	-10.6%	1,7 M €	+350%	369,8 k €	-49.0%	724,8 k €	+1.3%	715,5 k €	-8.0%	777,8 k €
Balance sheet
Equity	147,4 M €	+0.9%	146,2 M €	+0.9%	144,8 M €	+24.3%	116,6 M €	+12.9%	103,2 M €	+0.4%	102,9 M €	+1.0%	101,9 M €	+1.5%	100,4 M €	+1.7%	98,7 M €	+62.2%	60,9 M €	+27.8%	47,6 M €	+1.5%	46,9 M €
Total assets	147,8 M €	+0.7%	146,8 M €	+1.0%	145,4 M €	+24.5%	116,8 M €	+12.9%	103,5 M €	-0.1%	103,6 M €	+1.1%	102,4 M €	+1.0%	101,4 M €	+2.5%	98,9 M €	+62.0%	61 M €	+27.7%	47,8 M €	+1.5%	47,1 M €
Cash	734,7 k €	-21.8%	939,1 k €	-62.0%	2,5 M €	-60.5%	6,3 M €	+56.7%	4 M €	-57.8%	9,5 M €	-27.2%	13 M €	+31.8%	9,8 M €	+114%	4,6 M €	-71.8%	16,3 M €	+270%	4,4 M €	+53.6%	2,9 M €
Debts	167,6 k €	-64.3%	469,7 k €	+11.4%	421,4 k €	+547%	65,1 k €	-9.6%	72 k €	-86.9%	550,3 k €	+44.8%	379,9 k €	-54.1%	827,3 k €	+6688%	12,2 k €	-34.4%	18,6 k €	+2262%	786,5 €	-94.1%	13,3 k €

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 · 3 active · 10 ended

Active mandates

Johan Hanssens

Director · since 25 avril 2024 · until 25 avril 2030

Active

Bart Van Bael

Director · since 27 avril 2023 · until 26 avril 2029

Active

Katleen Van Havere

Director · since 23 décembre 2021 · until 22 avril 2027

Active

Ended mandates

Johan Hanssens

Director · since 12 octobre 2018 · until 25 avril 2024

Ended

Bart Van Bael

Director · since 27 avril 2017 · until 27 avril 2023

Ended

Participatiemaatschappij Vlaanderen

Director · since 28 avril 2016 · until 12 octobre 2018 · 0455.777.660

Represented by Steven Adons

Ended

Participatiemaatschappij Vlaanderen

Director · since 28 avril 2016 · until 28 avril 2022 · 0455.777.660

Represented by Steven Adons

Ended

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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	20/05/2026	22/05/2025	24/05/2024	23/05/2023	13/06/2022	25/05/2021
General meeting	23/04/2026	24/04/2025	25/04/2024	27/04/2023	28/04/2022	22/04/2021
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	23/04/2026	20/05/2026	Dutch	PDF
Full model	31/12/2024	24/04/2025	22/05/2025	Dutch	PDF
Full model	31/12/2023	25/04/2024	24/05/2024	Dutch	PDF
Full model	31/12/2022	27/04/2023	23/05/2023	Dutch	PDF
Full model	31/12/2021	28/04/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	22/04/2021	25/05/2021	Dutch	PDF
Full model	31/12/2019	23/04/2020	12/05/2020	Dutch	PDF
Full model	31/12/2018	25/04/2019	21/05/2019	Dutch	PDF
Full model	31/12/2017	26/04/2018	28/05/2018	Dutch	PDF
Full model	31/12/2016	27/04/2017	29/05/2017	Dutch	PDF
Full model	31/12/2015	28/04/2016	27/05/2016	Dutch	PDF
Full model	31/12/2014	23/04/2015	08/05/2015	Dutch	PDF
Full model	31/12/2013	24/04/2014	09/05/2014	Dutch	PDF
Full model	31/12/2012	25/04/2013	14/05/2013	Dutch	PDF
Full model	31/12/2011	26/04/2012	04/05/2012	Dutch	PDF
Full model	31/12/2010	28/04/2011	25/05/2011	Dutch	PDF
Full model	31/12/2009	22/04/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	23/04/2009	19/05/2009	Dutch	PDF
Full model	31/12/2007	24/04/2008	23/05/2008	Dutch	PDF
Full model	31/12/2006	26/04/2007	31/05/2007	Dutch	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 · 3 active · 10 ended

Active mandates

Johan Hanssens

Director · since 25 avril 2024 · until 25 avril 2030

Active

Bart Van Bael

Director · since 27 avril 2023 · until 26 avril 2029

Active

Katleen Van Havere

Director · since 23 décembre 2021 · until 22 avril 2027

Active

Ended mandates

Johan Hanssens

Director · since 12 octobre 2018 · until 25 avril 2024

Ended

Bart Van Bael

Director · since 27 avril 2017 · until 27 avril 2023

Ended

Participatiemaatschappij Vlaanderen

Director · since 28 avril 2016 · until 12 octobre 2018 · 0455.777.660

Represented by Steven Adons

Ended

Participatiemaatschappij Vlaanderen

Director · since 28 avril 2016 · until 28 avril 2022 · 0455.777.660

Represented by Steven Adons

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2019
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 20251,3 M €↓
2024
Annual accounts 20241,3 M €↑
25/04/2024
reconductionJohan Hanssens — bestuurder
2023
Annual accounts 20231 M €↑
27/04/2023
reconductionBart Van Bael — bestuurder
27/04/2023
nominationEY Bedrijfsrevisoren BV — commissaris
2022
Annual accounts 2022454 k €↑
2019
Annual accounts 2019365,4 k €↓
2018
Annual accounts 2018976,5 k €↓
2017
Annual accounts 20171,5 M €↓
2016
Annual accounts 20161,7 M €↑
2015
Annual accounts 2015369,8 k €↓
2014
Annual accounts 2014724,8 k €↑
2013
Annual accounts 2013715,5 k €↓
2012
Annual accounts 2012777,8 k €
29/12/1983
IncorporationPublic 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

FINLAB

Overview

What does FINLAB do?

Trend over 12 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