ACTIVE

FINASPAN

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Financial year 2024 · closed on 31/12/2024

Net result

698,4 k €

-55.0% YoY

Revenue

11,6 M €

-11.6% YoY

Equity

8,2 M €

+7.9% YoY

Workforce

33,0 ETP

0.0% YoY

What does FINASPAN do?

FINASPAN is a Public limited company incorporated in 1985. Its main activity is: Manufacture of veneer sheets and wood-based panels. Its registered office is in Boortmeerbeek. It employs on average 33,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.433.864

Incorporation

21/06/1985

Legal form

Public limited company

Registered office

Stationsstraat 92
3191 Boortmeerbeek · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

33,0 ETP

Activities (NACE)

16210Manufacture of veneer sheets and wood-based panels· main 16210Manufacture of veneer sheets and wood-based panels 20200Manufacture of pesticides and other agrochemical products

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	11,6 M €	-11.6%	13,2 M €	+11.8%	11,8 M €	+12.9%	10,4 M €	+37.2%	7,6 M €	+11.7%	6,8 M €	+2.4%	6,6 M €	+1.4%	6,5 M €	-2.1%	6,7 M €	+8.9%	6,1 M €	-6.9%	6,6 M €	+2.3%	6,4 M €	-22.5%	8,3 M €	-25.3%	11,1 M €	-5.2%	11,7 M €	+3.8%	11,3 M €	-24.5%	15 M €	-13.6%	17,3 M €	+39.9%	12,4 M €
EBITDA	1,8 M €	-19.8%	2,3 M €	+68.3%	1,4 M €	-3.4%	1,4 M €	+188%	491,8 k €	+27.8%	384,7 k €	+6.9%	360 k €	-2.2%	368,2 k €	+14.0%	323 k €	+220%	100,8 k €	+2008%	-5,3 k €	-126%	20,5 k €	-49.0%	40,2 k €	-88.5%	350,2 k €	-25.1%	467,6 k €	+72.4%	271,3 k €	-33.1%	405,5 k €	+37.6%	294,7 k €	-24.0%	387,7 k €
Operating result	1 M €	-47.4%	1,9 M €	+80.8%	1,1 M €	-13.1%	1,2 M €	+282%	320,8 k €	+48.0%	216,8 k €	-23.4%	283,1 k €	-14.6%	331,5 k €	+20.4%	275,3 k €	+631%	37,6 k €	+129%	-127,9 k €	+8.7%	-140,2 k €	-0.3%	-139,7 k €	-204%	134 k €	-51.1%	273,9 k €	+330%	63,8 k €	-74.6%	251,1 k €	+31.1%	191,4 k €	-24.2%	252,6 k €
Net result	698,4 k €	-55.0%	1,6 M €	+99.8%	776,3 k €	-14.2%	904,5 k €	+249%	259,4 k €	+37.7%	188,4 k €	-38.9%	308,5 k €	-18.6%	378,8 k €	+32.7%	285,4 k €	+734%	34,2 k €	+131%	-110,6 k €	+32.7%	-164,2 k €	-112%	1,4 M €	+4431%	-32,3 k €	-145%	72,3 k €	+139%	-183,9 k €	+68.1%	-576,7 k €	-861%	75,8 k €	-5.8%	80,4 k €
Balance sheet
Equity	8,2 M €	+7.9%	7,6 M €	+23.7%	6,1 M €	+12.4%	5,5 M €	+14.6%	4,8 M €	+4.3%	4,6 M €	+2.1%	4,5 M €	+7.4%	4,2 M €	+8.9%	3,8 M €	+8.1%	3,5 M €	+1.0%	3,5 M €	-3.1%	3,6 M €	-4.3%	3,8 M €	+58.7%	2,4 M €	-1.3%	2,4 M €	+3.1%	2,3 M €	-7.3%	2,5 M €	-18.6%	3,1 M €	+2.5%	3 M €
Total assets	10,5 M €	+3.0%	10,2 M €	+17.5%	8,7 M €	+12.5%	7,7 M €	+40.3%	5,5 M €	+3.0%	5,3 M €	+5.8%	5 M €	+5.6%	4,8 M €	+6.3%	4,5 M €	+2.3%	4,4 M €	-1.9%	4,5 M €	-5.4%	4,7 M €	-13.4%	5,5 M €	-21.8%	7 M €	-9.5%	7,7 M €	-0.4%	7,8 M €	-4.0%	8,1 M €	-13.5%	9,3 M €	+31.3%	7,1 M €
Cash	4,8 M €	+22.1%	3,9 M €	+43.8%	2,7 M €	+28.0%	2,1 M €	+22.4%	1,7 M €	+13.3%	1,5 M €	+37.7%	1,1 M €	+10.6%	1 M €	+38.0%	731,1 k €	+19.0%	614,1 k €	+8.6%	565,7 k €	-12.5%	646,6 k €	-48.2%	1,2 M €	+364%	268,9 k €	+36.1%	197,6 k €	-65.7%	576,7 k €	+101%	286,2 k €		–		–
Debts	2,3 M €	-11.3%	2,6 M €	+4.4%	2,5 M €	+12.9%	2,2 M €	+219%	694,5 k €	+4.5%	664,8 k €	+15.5%	575,7 k €	-6.3%	614,4 k €	-7.8%	666,4 k €	-21.6%	850 k €	-6.4%	907,7 k €	-18.8%	1,1 M €	-33.8%	1,7 M €	-63.4%	4,6 M €	-13.2%	5,3 M €	-1.8%	5,4 M €	-2.5%	5,6 M €	-11.0%	6,2 M €	+52.6%	4,1 M €
Other
Workforce	33,0 ETP	0.0%	33,0 ETP	+8.6%	30,4 ETP	+0.7%	30,2 ETP	+1.3%	29,8 ETP	-1.0%	30,1 ETP	+0.3%	30,0 ETP	+4.2%	28,8 ETP	-4.0%	30,0 ETP	-3.2%	31,0 ETP	-5.2%	32,7 ETP	-10.2%	36,4 ETP	-3.4%	37,7 ETP	-4.1%	39,3 ETP	-1.8%	40,0 ETP	-4.8%	42,0 ETP	-8.7%	46,0 ETP	0.0%	46,0 ETP	+5.0%	43,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 4 ended

Active mandates

CAROLINE MARIEN

Mandate

Active

CHARLES MARIEN

Mandate

Active

LOUIS MARIEN

Mandate

Active

MARTIN HANKAR

Mandate

Active

Ended mandates

CAROLINE MARIEN

Director

Ended

CHARLES MARIEN

Director

Ended

MARTIN HANKAR

Director

Ended

SOPHIE² MARIEN

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
FINAMAR● Active	0427.500.675
Immobiliën Heverveld● Active	0422.649.388
MARFIN HOLDING● Active	0766.599.017

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/07/2025	26/06/2024	14/06/2023	14/06/2022	01/10/2021	24/06/2020
General meeting	15/07/2025	26/06/2024	19/05/2023	20/05/2022	28/05/2021	28/05/2020
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	31/12/2024	15/07/2025	15/07/2025	Dutch	PDF
Full model	31/12/2023	26/06/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	19/05/2023	14/06/2023	Dutch	PDF
Full model	31/12/2021	20/05/2022	14/06/2022	Dutch	PDF
Full modelCorrection	31/12/2020	28/05/2021	01/10/2021	Dutch	PDF
Full model	31/12/2020	28/05/2021	10/06/2021	Dutch	PDF
Full model	31/12/2019	28/05/2020	24/06/2020	Dutch	PDF
Full model	31/12/2018	17/05/2019	03/06/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	04/06/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	12/06/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	10/06/2016	Dutch	PDF
Full model	31/12/2014	17/05/2015	21/05/2015	Dutch	PDF
Full model	31/12/2013	16/05/2014	04/06/2014	Dutch	PDF
Full model	31/12/2012	17/05/2013	11/06/2013	Dutch	PDF
Full model	31/12/2011	18/05/2012	14/06/2012	Dutch	PDF
Full model	31/12/2010	20/05/2011	24/06/2011	Dutch	PDF
Full model	31/12/2009	15/05/2010	28/06/2010	Dutch	PDF
Full model	31/12/2008	16/05/2009	18/06/2009	Dutch	PDF
Full model	31/12/2007	16/05/2008	13/06/2008	Dutch	PDF
Full model	31/12/2006	18/05/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2024 · 4 active · 4 ended

Active mandates

CAROLINE MARIEN

Mandate

Active

CHARLES MARIEN

Mandate

Active

LOUIS MARIEN

Mandate

Active

MARTIN HANKAR

Mandate

Active

Ended mandates

CAROLINE MARIEN

Director

Ended

CHARLES MARIEN

Director

Ended

MARTIN HANKAR

Director

Ended

SOPHIE² MARIEN

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/05/2010
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

2024
Annual accounts 2024698,4 k €↓
2023
Annual accounts 20231,6 M €↑
2022
Annual accounts 2022776,3 k €↓
2021
Annual accounts 2021904,5 k €↑
2020
Annual accounts 2020259,4 k €↑
2019
Annual accounts 2019188,4 k €↓
2018
Annual accounts 2018308,5 k €↓
2017
Annual accounts 2017378,8 k €↑
2016
Annual accounts 2016285,4 k €↑
2015
Annual accounts 201534,2 k €↑
2014
Annual accounts 2014-110,6 k €↑
2013
Annual accounts 2013-164,2 k €↓
2012
Annual accounts 20121,4 M €↑
2011
Annual accounts 2011-32,3 k €↓
2010
Annual accounts 201072,3 k €↑
2009
Annual accounts 2009-183,9 k €↑
2008
Annual accounts 2008-576,7 k €↓
2007
Annual accounts 200775,8 k €↓
2006
Annual accounts 200680,4 k €
21/06/1985
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

FINASPAN

Overview

What does FINASPAN do?

Trend over 19 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