ACTIVE

FINOCAS

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Financial year 2025 · closed on 31/12/2025

Net result

5,7 M €

+34.8% YoY

Revenue

6,9 M €

-1.0% YoY

Equity

576,6 M €

+1.0% YoY

Workforce

22,3 ETP

+1.4% YoY

What does FINOCAS do?

FINOCAS is a Public limited company incorporated in 1986. Its main activity is: Casting of iron. Its registered office is in Zelzate. It employs on average 22,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.920.241

Incorporation

28/05/1986

Legal form

Public limited company

Registered office

Pres. J.F. Kennedylaan 3
9060 Zelzate · FlandreSee on map

Contributed capital

529 376 700,00 €

Latest accounts

31/12/2025

Average workforce

22,3 ETP

Activities (NACE)

24510Casting of iron· main 24510Casting of iron 24520Casting of steel 24520Casting of steel 27510Manufacture of electric domestic appliances

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Revenue	6,9 M €	-1.0%	6,9 M €	+5.5%	6,6 M €	+11.3%	5,9 M €	+14.2%	5,2 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-234,4 k €	-33.6%	-175,5 k €	-263%	-48,3 k €	-84.4%	-26,2 k €	-100%	5,9 M €	+321%	-2,7 M €	-2175%	-116,8 k €	+14.9%	-137,4 k €	-14.8%	-119,7 k €	+49.6%	-237,4 k €	+4.2%	-247,7 k €	+34.7%	-379,1 k €	+68.5%	-1,2 M €	-104%	-587,7 k €	-97.4%	-297,6 k €	-17.8%	-252,7 k €	+3.5%	-261,8 k €	+61.3%	-676,1 k €	-35.2%	-500 k €
Operating result	-898,3 k €	-7.8%	-833,6 k €	-8.1%	-771,4 k €	-2.2%	-755,1 k €	-115%	5,1 M €	+294%	-2,7 M €	-2175%	-116,8 k €	+58.0%	-278 k €	-132%	-119,8 k €	+49.6%	-237,6 k €	+4.2%	-247,9 k €	+34.8%	-380,2 k €	+68.5%	-1,2 M €	-104%	-591,5 k €	-97.9%	-298,8 k €	-18.0%	-253,3 k €	+3.5%	-262,4 k €	+61.2%	-676,4 k €	-35.3%	-500 k €
Net result	5,7 M €	+34.8%	4,2 M €	+184%	1,5 M €	+886%	-189,2 k €	-101%	15,6 M €	+5430%	-292,7 k €	-101%	27,1 M €	+2205%	-1,3 M €	-67.7%	-767,7 k €	-164%	1,2 M €	+207%	-1,1 M €	-344%	461,1 k €	+105%	-9,4 M €	-161%	-3,6 M €	+80.7%	-18,6 M €	-457%	5,2 M €	-33.9%	7,9 M €	+21.4%	6,5 M €	-43.0%	11,4 M €
Balance sheet
Equity	576,6 M €	+1.0%	570,9 M €	+136%	241,7 M €	+0.6%	240,2 M €	+19.9%	200,4 M €	+8.4%	184,8 M €	-0.2%	185,1 M €	+17.2%	158 M €	-0.8%	159,3 M €	-0.5%	160 M €	+0.8%	158,8 M €	-0.7%	160 M €	+0.3%	159,5 M €	-5.6%	168,9 M €	-4.4%	176,6 M €	-9.5%	195,2 M €	+2.7%	190 M €	+4.3%	182,1 M €	+3.7%	175,6 M €
Total assets	578,5 M €	+0.9%	573,2 M €	+135%	244 M €	+0.4%	243 M €	+19.4%	203,4 M €	+8.7%	187,1 M €	+0.7%	185,8 M €	+17.3%	158,4 M €	-0.8%	159,7 M €	-0.5%	160,5 M €	+0.8%	159,2 M €	-0.6%	160,2 M €	+0.1%	160,1 M €	-5.5%	169,3 M €	-4.2%	176,8 M €	-9.5%	195,4 M €	-3.8%	203,1 M €	+4.3%	194,7 M €	+10.8%	175,8 M €
Cash	9,7 k €	-3.3%	10 k €	-56.0%	22,8 k €	+718%	2,8 k €	-13.9%	3,2 k €	+2.1%	3,2 k €	+0.2%	3,2 k €	+0.8%	3,1 k €	+12.9%	2,8 k €	-17.3%	3,4 k €	+42.0%	2,4 k €	-25.4%	3,2 k €	+0.4%	3,2 k €		–		991,6 €	+108%	476,2 €	+3.8%	458,8 €	-53.8%	992,5 €	-41.0%	1,7 k €
Debts	1,9 M €	-14.7%	2,2 M €	+1.4%	2,2 M €	-21.2%	2,7 M €	-8.9%	3 M €	+31.0%	2,3 M €	+242%	672,3 k €	+82.7%	368 k €	-7.1%	396 k €	-14.8%	465,1 k €	+28.0%	363,4 k €	+55.0%	234,4 k €	-54.9%	519,5 k €	+24.9%	415,9 k €	+79.7%	231,5 k €	-10.2%	257,8 k €	-98.0%	13,1 M €	+4.1%	12,6 M €	+8055%	154,3 k €
Other
Workforce	22,3 ETP	+1.4%	22,0 ETP	+2.8%	21,4 ETP	+8.1%	19,8 ETP	+7.6%	18,4 ETP	+127%	8,1 ETP	-3.6%	8,4 ETP	+9.1%	7,7 ETP	+18.5%	6,5 ETP	-1.5%	6,6 ETP	0.0%	6,6 ETP	+1.5%	6,5 ETP	0.0%	6,5 ETP	+47.7%	4,4 ETP	+76.0%	2,5 ETP	+8.7%	2,3 ETP	+53.3%	1,5 ETP	+15.4%	1,3 ETP	+160%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 78 ended

Active mandates

Kristof VERBEECK

Director · since 11 décembre 2024 · until 14 mai 2026

Active

Jan CORNELIS

Director · since 26 septembre 2024 · until 15 mai 2026

Active

Davy SCHERLIPPENS

Director · since 14 mai 2020 · until 15 mai 2026

Active

Hanna PIORKOWSKA

Director · since 14 mai 2020 · until 15 mai 2026

Active

Ilse EVENEPOEL

Director · since 14 mai 2020 · until 15 mai 2026

Active

Koen DE VOLDERE

Director · since 14 mai 2020 · until 15 mai 2026

Active

Manfred VAN VLIERBERGHE

Director · since 14 mai 2020 · until 15 mai 2026

Active

Marc DE PAUW

Director · since 14 mai 2020 · until 15 mai 2026

Active

Ended mandates

Jan CORNELIS

Director · since 26 septembre 2024 · until 14 mai 2026

Ended

Koenraad MOLS

Director · since 17 mai 2021 · until 11 décembre 2024

Ended

Koenraad MOLS

Director · since 17 mai 2021 · until 14 mai 2026

Ended

Carl DE MARE

Director · since 14 mai 2020 · until 17 mai 2021

Ended

At this address

Other companies at this address

Company	CBE no.
FININDUS● Active	0404.535.926
GUARANTEED● Active	0730.896.384
ONDERZOEKSCENTRUM VOOR AANWENDING VAN STAAL● Active	0444.177.945

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	18/05/2026	19/05/2025	28/05/2024	25/05/2023	18/05/2022	26/05/2021
General meeting	15/05/2026	08/05/2025	09/05/2024	11/05/2023	12/05/2022	17/05/2021
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	15/05/2026	18/05/2026	Dutch	PDF
Full model	31/12/2024	08/05/2025	19/05/2025	Dutch	PDF
Full model	31/12/2023	09/05/2024	28/05/2024	Dutch	PDF
Full model	31/12/2022	11/05/2023	25/05/2023	Dutch	PDF
Full model	31/12/2021	12/05/2022	18/05/2022	Dutch	PDF
Full model	31/12/2020	17/05/2021	26/05/2021	Dutch	PDF
Full model	31/12/2019	14/05/2020	18/05/2020	Dutch	PDF
Full model	31/12/2018	09/05/2019	24/05/2019	Dutch	PDF
Full model	31/12/2017	14/05/2018	16/05/2018	Dutch	PDF
Full model	31/12/2016	11/05/2017	15/05/2017	Dutch	PDF
Full model	31/12/2015	12/05/2016	17/05/2016	Dutch	PDF
Full model	31/12/2014	18/05/2015	20/05/2015	Dutch	PDF
Full model	31/12/2013	08/05/2014	13/05/2014	Dutch	PDF
Full model	31/12/2012	10/05/2013	29/05/2013	Dutch	PDF
Full model	31/12/2011	10/05/2012	29/05/2012	Dutch	PDF
Full model	31/12/2010	12/05/2011	07/06/2011	Dutch	PDF
Full model	31/12/2009	17/05/2010	07/06/2010	Dutch	PDF
Full model	31/12/2008	14/05/2009	05/06/2009	Dutch	PDF
Full model	31/12/2007	08/05/2008	23/05/2008	Dutch	PDF
Full model	31/12/2006	14/05/2007	13/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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 · 8 active · 78 ended

Active mandates

Kristof VERBEECK

Director · since 11 décembre 2024 · until 14 mai 2026

Active

Jan CORNELIS

Director · since 26 septembre 2024 · until 15 mai 2026

Active

Davy SCHERLIPPENS

Director · since 14 mai 2020 · until 15 mai 2026

Active

Hanna PIORKOWSKA

Director · since 14 mai 2020 · until 15 mai 2026

Active

Ilse EVENEPOEL

Director · since 14 mai 2020 · until 15 mai 2026

Active

Koen DE VOLDERE

Director · since 14 mai 2020 · until 15 mai 2026

Active

Manfred VAN VLIERBERGHE

Director · since 14 mai 2020 · until 15 mai 2026

Active

Marc DE PAUW

Director · since 14 mai 2020 · until 15 mai 2026

Active

Ended mandates

Jan CORNELIS

Director · since 26 septembre 2024 · until 14 mai 2026

Ended

Koenraad MOLS

Director · since 17 mai 2021 · until 11 décembre 2024

Ended

Koenraad MOLS

Director · since 17 mai 2021 · until 14 mai 2026

Ended

Carl DE MARE

Director · since 14 mai 2020 · until 17 mai 2021

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/09/2026
ONTSLAG EN BENOEMING
PDF
Mandates02/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/01/2025
KAPITAAL - AANDELEN
PDF
Mandates07/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - KAPITAAL - AANDELEN
PDF
Mandates15/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2022
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 20255,7 M €↑
08/05/2025
nominationEvelien De Groote — bedrijfsrevisor
2024
Annual accounts 20244,2 M €↑
11/12/2024
nominationKristof Verbeeck — bestuurder
09/12/2024
augmentation_capital
25/09/2024
nominationJan Cornelis — bestuurder B
30/05/2024
augmentation_capital
30/05/2024
augmentation_capitalARCELORMITTAL HOLDING AND SERVICES BELGIUM
30/05/2024
augmentation_capitalHet Vlaamse Gewest
2023
Annual accounts 20231,5 M €↑
2022
Annual accounts 2022-189,2 k €↓
20/10/2022
augmentation_capital
01/01/2022
nominationErnst&Young Bedrijfsrevisoren BV — bedrijfsrevisor
01/01/2022
nominationLieve Cornelis — vertegenwoordiging van Ernst&Young
2021
Annual accounts 202115,6 M €↑
2020
Annual accounts 2020-292,7 k €↓
2019
Annual accounts 201927,1 M €↑
2018
Annual accounts 2018-1,3 M €↓
2017
Annual accounts 2017-767,7 k €↓
2016
Annual accounts 20161,2 M €↑
2015
Annual accounts 2015-1,1 M €↓
2014
Annual accounts 2014461,1 k €↑
2013
Annual accounts 2013-9,4 M €↓
2012
Annual accounts 2012-3,6 M €↑
2010
Annual accounts 2010-18,6 M €↓
2009
Annual accounts 20095,2 M €↓
2008
Annual accounts 20087,9 M €↑
2007
Annual accounts 20076,5 M €↓
2006
Annual accounts 200611,4 M €
28/05/1986
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

FINOCAS

Overview

What does FINOCAS 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