ACTIVE

FINO

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Financial year 2025 · closed on 31/12/2025

Net result

-1,1 M €

+48.6% YoY

Gross margin

377 k €

+257.6% YoY

Equity

65,1 M €

+619.3% YoY

What does FINO do?

FINO is a Public limited company incorporated in 1995. Its main activity is: Activities of head offices. Its registered office is in Temse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.886.925

Incorporation

16/12/1995

Legal form

Public limited company

Registered office

Rotstraat 16
9140 Temse · FlandreSee on map

Contributed capital

57 390 756,00 €

Latest accounts

31/12/2025

Activities (NACE)

70100Activities of head offices· main 70100Activities of head offices 74203Photographic activities 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy

Signals

Solid equityGood liquidityPositive EBITDA

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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		2011		2010		2009		2008		2006
Income statement
Gross margin	377 k €	+258%	-239,2 k €	-111%	2,1 M €	+427%	-647,7 k €	-235%	479,1 k €	+105%	233,8 k €	-41.8%	401,5 k €	-69.9%	1,3 M €	+83.9%	726,1 k €	+99.5%	363,9 k €	-13.6%	421,2 k €	+6.7%	394,7 k €	-33.0%	589,2 k €	+92.4%	306,2 k €	-28.7%	429,4 k €	-38.7%	700,5 k €	+396%	141,3 k €	+44.7%	97,6 k €	-11.5%	110,3 k €
EBITDA	351 k €	+192%	-380,9 k €	-118%	2,1 M €	+418%	-657,3 k €	-238%	475,9 k €	+107%	230,3 k €	-42.1%	397,9 k €	-70.1%	1,3 M €	+84.3%	722,5 k €	+113%	338,4 k €	-19.0%	417,7 k €	+7.0%	390,5 k €	-33.4%	586,2 k €	+93.4%	303,1 k €	-28.9%	426,3 k €	-38.8%	696,9 k €	+404%	138,2 k €	+48.3%	93,2 k €	-13.4%	107,6 k €
Operating result	-739,3 k €	+61.7%	-1,9 M €	-206%	1,8 M €	+335%	-777,2 k €	-278%	436 k €	+253%	123,4 k €	-68.0%	386,1 k €	-70.6%	1,3 M €	+86.8%	702,1 k €	+121%	318 k €	-20.0%	397,3 k €	+7.8%	368,5 k €	-15.6%	436,5 k €	+54.3%	282,9 k €	-30.2%	405,5 k €	-40.0%	676,2 k €	+493%	114,1 k €	+61.7%	70,5 k €	-24.7%	93,6 k €
Net result	-1,1 M €	+48.6%	-2,1 M €	+31.7%	-3,1 M €	-128%	11,3 M €	+5195%	213,1 k €	+451%	-60,7 k €	-134%	179,6 k €	-80.1%	902,9 k €	+96.3%	460 k €	+116%	213 k €	-20.3%	267,4 k €	+11.3%	240,2 k €	-17.0%	289,3 k €	+46.6%	197,3 k €	-22.8%	255,5 k €	-39.8%	424,5 k €	+417%	82,1 k €	+68.6%	48,7 k €	-6.0%	51,8 k €
Balance sheet
Equity	65,1 M €	+619%	9 M €	-19.1%	11,2 M €	-21.8%	14,3 M €	+375%	3 M €	+7.6%	2,8 M €	-2.1%	2,9 M €	+6.7%	2,7 M €	+50.9%	1,8 M €	+9.2%	1,6 M €	+12.3%	1,4 M €	-3.5%	1,5 M €	+4.9%	1,4 M €	+15.3%	1,2 M €	+18.9%	1 M €	+32.5%	786 k €	+117%	361,4 k €	+1.7%	355,3 k €	-7.2%	382,7 k €
Total assets	76,1 M €	+58.8%	47,9 M €	+53.9%	31,1 M €	+5.6%	29,5 M €	+18.6%	24,9 M €	+9.9%	22,6 M €	+57.8%	14,3 M €	+38.0%	10,4 M €	+315%	2,5 M €	+27.0%	2 M €	+12.0%	1,8 M €	-9.6%	1,9 M €	+11.8%	1,7 M €	+10.5%	1,6 M €	-6.7%	1,7 M €	+24.1%	1,4 M €	+100%	679 k €	-3.8%	706,2 k €	+16.3%	607,4 k €
Cash	349,1 k €	+329%	81,4 k €	-54.6%	179,3 k €	-55.1%	399,3 k €	+8.1%	369,5 k €	-60.8%	942,3 k €	-18.7%	1,2 M €	+23.9%	935,3 k €	+728%	112,9 k €	+2912%	3,7 k €	-97.0%	124 k €	-43.7%	220,1 k €	+47.5%	149,2 k €	+759%	17,4 k €	-90.6%	185,5 k €	+47.2%	126 k €		–		–		26,1 k €
Debts	11,1 M €	-67.5%	34 M €	+133%	14,6 M €	+50.3%	9,7 M €	-38.4%	15,7 M €	+17.2%	13,4 M €	+173%	4,9 M €	+573%	728,8 k €	+0.1%	728,2 k €	+110%	346,2 k €	+10.4%	313,5 k €	-29.9%	447,3 k €	+43.3%	312,2 k €	-7.0%	335,6 k €	-48.0%	645,6 k €	+12.7%	573 k €	+95.8%	292,6 k €	-8.8%	320,9 k €	+90.4%	168,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

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

Active mandates

Filip CORDEEL

Managing director · since 08 juin 2025 · until 08 juin 2031

Active

Ended mandates

Aurèlie CORDEEL

Director · since 21 décembre 2023 · until 21 décembre 2029

Ended

Anja SUY

Director · since 08 juin 2019 · until 08 juin 2025

Ended

Filip CORDEEL

Managing director · since 08 juin 2019 · until 08 juin 2025

Ended

Anja SUY

Director · since 30 juin 2013 · until 30 juin 2019

Ended

At this address

Other companies at this address

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C2F1P2● Active	1012.647.237
C-FIL● Active	0790.351.644
DEL-AMO● Active	0790.341.251
Gheco● Active	0722.648.614
SUY● Active	0805.497.797

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	27/08/2026	04/09/2025	26/11/2024	27/07/2023	27/07/2022	31/08/2021
General meeting	30/06/2026	04/09/2025	31/10/2024	30/06/2023	21/05/2022	28/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	27/08/2026	Dutch	PDF
Abridged model	31/12/2024	04/09/2025	04/09/2025	Dutch	PDF
Abridged model	31/12/2023	31/10/2024	26/11/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	21/05/2022	27/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	08/10/2020	Dutch	PDF
Abridged model	31/12/2018	08/06/2019	16/09/2019	Dutch	PDF
Micro model	31/12/2018	08/06/2019	30/07/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	20/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	28/09/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	13/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	18/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	21/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	03/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	10/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	25/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	28/12/2007	28/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 12 ended

Active mandates

Filip CORDEEL

Managing director · since 08 juin 2025 · until 08 juin 2031

Active

Ended mandates

Aurèlie CORDEEL

Director · since 21 décembre 2023 · until 21 décembre 2029

Ended

Anja SUY

Director · since 08 juin 2019 · until 08 juin 2025

Ended

Filip CORDEEL

Managing director · since 08 juin 2019 · until 08 juin 2025

Ended

Anja SUY

Director · since 30 juin 2013 · until 30 juin 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares09/01/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares29/09/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates30/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/09/2024
KAPITAAL - AANDELEN
PDF
Mandates09/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/02/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates09/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/01/2024
DOEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-1,1 M €↑
2024
Annual accounts 2024-2,1 M €↑
2023
Annual accounts 2023-3,1 M €↓
2022
Annual accounts 202211,3 M €↑
2021
Annual accounts 2021213,1 k €↑
2020
Annual accounts 2020-60,7 k €↓
2019
Annual accounts 2019179,6 k €↓
2018
Annual accounts 2018902,9 k €↑
2017
Annual accounts 2017460 k €↑
2016
Annual accounts 2016213 k €↓
2015
Annual accounts 2015267,4 k €↑
2014
Annual accounts 2014240,2 k €↓
2013
Annual accounts 2013289,3 k €↑
2012
Annual accounts 2012197,3 k €↓
2011
Annual accounts 2011255,5 k €↓
2010
Annual accounts 2010424,5 k €↑
2009
Annual accounts 200982,1 k €↑
2008
Annual accounts 200848,7 k €↓
2006
Annual accounts 200651,8 k €
16/12/1995
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

FINO

Overview

What does FINO 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