ACTIVE

FINAC

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Financial year 2025 · closed on 31/12/2025

Net result

279,3 k €

-26.6% YoY

Gross margin

3,4 M €

+2.3% YoY

Equity

68,2 k €

-59.7% YoY

Workforce

50,4 ETP

0.0% YoY

What does FINAC do?

FINAC is a Public limited company incorporated in 1988. Its main activity is: General secondary education. Its registered office is in Liège. It employs on average 50,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.807.952

Incorporation

25/03/1988

Legal form

Public limited company

Registered office

Bld de la Constitution 59
4020 Liège · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

50,4 ETP

Activities (NACE)

85315General secondary education· main 87301Residential care activities for the elderly and disabled 87301Residential care activities for the elderly and disabled

Joint committees (4)

201
30502
330
401

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy 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		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,4 M €	+2.3%	3,4 M €	+1.1%	3,3 M €	+21.8%	2,7 M €	+7.6%	2,5 M €	+8.1%	2,3 M €	+7.8%	2,2 M €	+4.6%	2,1 M €	+6.2%	2 M €	+0.9%	1,9 M €	+2.2%	1,9 M €	+8.5%	1,7 M €	+1.4%	1,7 M €	+5.8%	1,6 M €	+23.4%	1,3 M €	+12.6%	1,2 M €	-2.0%	1,2 M €	+15.0%	1 M €
EBITDA	410,1 k €	-23.3%	534,7 k €	+2.6%	521,2 k €	+6.3%	490,1 k €	+7.0%	458,1 k €	+38.8%	330 k €	+69.8%	194,4 k €	+8.0%	179,9 k €	+16.2%	154,9 k €	+13.3%	136,8 k €	+17.2%	116,7 k €	+138%	49 k €	-57.2%	114,5 k €	+12.6%	101,7 k €	+646%	13,6 k €	+122%	-63 k €	-193%	67,9 k €	+185%	-80,1 k €
Operating result	357,2 k €	-25.0%	476,4 k €	+1.0%	471,5 k €	+5.2%	448,4 k €	+7.0%	418,9 k €	+32.1%	317,2 k €	+77.5%	178,7 k €	+9.9%	162,6 k €	+17.7%	138,2 k €	+18.3%	116,8 k €	+20.1%	97,2 k €	+361%	21,1 k €	-68.7%	67,5 k €	+24.4%	54,2 k €	+252%	-35,8 k €	+66.3%	-106 k €	-709%	17,4 k €	+112%	-142,4 k €
Net result	279,3 k €	-26.6%	380,7 k €	+7.8%	353,1 k €	+4.5%	337,9 k €	+7.7%	313,9 k €	+42.2%	220,7 k €	+85.5%	119 k €	+9.6%	108,6 k €	+24.3%	87,4 k €	+10.8%	78,9 k €	+20.5%	65,4 k €	+380%	13,6 k €	-78.9%	64,5 k €	+5.9%	60,9 k €	+318%	-27,9 k €	+74.5%	-109,5 k €	-919%	13,4 k €	+109%	-145,4 k €
Balance sheet
Equity	68,2 k €	-59.7%	169,2 k €	-81.0%	888,5 k €	+66.0%	535,4 k €	+171%	197,5 k €	+9.2%	180,9 k €	-49.8%	360,1 k €	+49.4%	241,1 k €	+3.7%	232,6 k €	-5.2%	245,2 k €	+47.4%	166,3 k €	+64.8%	100,9 k €	+15.6%	87,3 k €	+284%	22,7 k €	+160%	-38,2 k €	-273%	-10,2 k €	-110%	99,3 k €	+15.6%	85,9 k €
Total assets	1,6 M €	-32.6%	2,4 M €	+23.5%	1,9 M €	+28.6%	1,5 M €	+12.2%	1,3 M €	-0.3%	1,3 M €	+34.7%	992,3 k €	-3.1%	1 M €	+16.5%	878,6 k €	+8.2%	811,9 k €	+22.1%	665,1 k €	+25.5%	529,7 k €	+9.3%	484,5 k €	+20.8%	401,2 k €	+24.1%	323,4 k €	-8.5%	353,3 k €	-8.6%	386,4 k €	-0.2%	387,2 k €
Cash	1,1 M €	-31.5%	1,7 M €	+124%	740,9 k €	-44.3%	1,3 M €	+10.4%	1,2 M €	+4.1%	1,2 M €	+44.4%	802,2 k €	-2.7%	824,3 k €	+22.2%	674,7 k €	+20.6%	559,4 k €	+17.4%	476,4 k €	+51.7%	314 k €	+2.3%	306,9 k €	+59.6%	192,3 k €	+222%	59,7 k €	+14.6%	52,1 k €	-28.6%	72,9 k €	+292%	18,6 k €
Debts	1,1 M €	-40.3%	1,8 M €	+183%	627,3 k €	+8.8%	576,7 k €	-25.6%	775,2 k €	-11.9%	879,9 k €	+123%	394,1 k €	-31.5%	575,7 k €	+20.9%	476,1 k €	+9.5%	434,7 k €	+1.5%	428,3 k €	+1.8%	420,9 k €	+6.2%	396,3 k €	+4.9%	377,8 k €	+4.6%	361,1 k €	+3.1%	350,2 k €	+22.0%	287,1 k €	-4.7%	301,3 k €
Other
Workforce	50,4 ETP	0.0%	50,4 ETP	0.0%	50,4 ETP	0.0%	50,4 ETP	+4.1%	48,4 ETP	+7.6%	45,0 ETP	-5.5%	47,6 ETP	-2.5%	48,8 ETP	+13.8%	42,9 ETP	-2.1%	43,8 ETP	-7.4%	47,3 ETP	+16.2%	40,7 ETP	+7.1%	38,0 ETP	+3.0%	36,9 ETP	+14.6%	32,2 ETP	-1.8%	32,8 ETP	+42.6%	23,0 ETP	-6.5%	24,6 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 · 2 active · 12 ended

Active mandates

CHRISTIAN CREUVEN

Director · since 01 décembre 2022

Active

MAXANE

Director · since 01 décembre 2022 · 0476.337.009

Represented by PETIT PASCALE

Active

Ended mandates

CHRISTIAN CREUVEN

Director · since 09 octobre 2017 · until 24 juin 2023

Ended

CHRISTIAN CREUVEN

Director · since 09 octobre 2017

Ended

MAXANE

Director · since 09 octobre 2017 · until 24 mai 2023 · 0476.337.009

Represented by PASCAL PETIT

Ended

MAXANE

Director · since 09 octobre 2017 · until 24 mai 2023 · 0476.337.009

Represented by PETIT PASCALE

Ended

At this address

Other companies at this address

Company	CBE no.
Master Service● Liquidation	0406.097.230
MAXFIN UNIT● Active	0656.802.341

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	30/07/2026	17/07/2025	03/07/2024	19/06/2023	26/08/2022	23/08/2021
General meeting	22/05/2026	23/05/2025	24/05/2024	26/05/2023	27/05/2022	28/05/2021
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
Abridged model	31/12/2025	22/05/2026	30/07/2026	French	PDF
Abridged model	31/12/2024	23/05/2025	17/07/2025	French	PDF
Abridged model	31/12/2023	24/05/2024	03/07/2024	French	PDF
Abridged model	31/12/2022	26/05/2023	19/06/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	26/08/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	23/08/2021	French	PDF
Abridged model	31/12/2019	22/06/2020	27/07/2020	French	PDF
Abridged model	31/12/2018	24/05/2019	11/07/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	23/07/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	19/06/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	22/06/2016	French	PDF
Abridged model	31/12/2014	30/05/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	23/05/2014	19/06/2014	French	PDF
Abridged model	31/12/2012	24/05/2013	17/06/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	05/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	08/07/2011	French	PDF
Abridged model	31/12/2009	29/06/2010	01/07/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	11/09/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	22/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	24/08/2007	French	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 · 2 active · 12 ended

Active mandates

CHRISTIAN CREUVEN

Director · since 01 décembre 2022

Active

MAXANE

Director · since 01 décembre 2022 · 0476.337.009

Represented by PETIT PASCALE

Active

Ended mandates

CHRISTIAN CREUVEN

Director · since 09 octobre 2017 · until 24 juin 2023

Ended

CHRISTIAN CREUVEN

Director · since 09 octobre 2017

Ended

MAXANE

Director · since 09 octobre 2017 · until 24 mai 2023 · 0476.337.009

Represented by PASCAL PETIT

Ended

MAXANE

Director · since 09 octobre 2017 · until 24 mai 2023 · 0476.337.009

Represented by PETIT PASCALE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/01/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/01/2012
CAPITAL, ACTIONS
PDF
Mandates01/12/2011
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates27/07/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2008
DEMISSIONS, NOMINATIONS
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 2025279,3 k €↓
2024
Annual accounts 2024380,7 k €↑
2023
Annual accounts 2023353,1 k €↑
2022
Annual accounts 2022337,9 k €↑
2021
Annual accounts 2021313,9 k €↑
2018
Annual accounts 2018220,7 k €↑
2017
Annual accounts 2017119 k €↑
2016
Annual accounts 2016108,6 k €↑
2015
Annual accounts 201587,4 k €↑
2014
Annual accounts 201478,9 k €↑
2013
Annual accounts 201365,4 k €↑
2012
Annual accounts 201213,6 k €↓
2011
Annual accounts 201164,5 k €↑
2010
Annual accounts 201060,9 k €↑
2009
Annual accounts 2009-27,9 k €↑
2008
Annual accounts 2008-109,5 k €↓
2007
Annual accounts 200713,4 k €↑
2006
Annual accounts 2006-145,4 k €
25/03/1988
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

FINAC

Overview

What does FINAC 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