ACTIVE

FINASO

Financial year 2025 · closed on 31/12/2025
Net result
139,2 k €
+30.4% YoY
Gross margin
-13,2 k €
+67.5% YoY
Equity
16 M €
+0.9% YoY

What does FINASO do?

FINASO is a Public limited company incorporated in 1998. Its registered office is in Uccle.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0464.057.995
Incorporation
31/08/1998
Legal form
Public limited company
Registered office
Chaussée d'Alsemberg 842
1180 Uccle · BruxellesSee on map
Contributed capital
16 321 309,59 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202018201720162015201420132012201120102009200820072006
Income statement
Gross margin-13,2 k €-40,6 k €-8,8 k €-10 k €-5,5 k €-13,5 k €-16,1 k €-27 k €-35,5 k €-87,2 k €-94,5 k €-151,9 k €-159,1 k €-152,7 k €-293 k €-393,4 k €-284,7 k €-170,3 k €-243,7 k €
EBITDA-14,2 k €-41,6 k €-9,7 k €-10,9 k €-134,2 k €-14,4 k €-16,9 k €-28 k €-36,8 k €-89 k €-96,2 k €-155,1 k €-180,5 k €-154,7 k €-294,6 k €-394,8 k €-291,6 k €-172,1 k €-245,6 k €
Operating result-14,2 k €-41,6 k €-9,7 k €-10,9 k €-134,2 k €-14,4 k €-16,9 k €-28 k €-36,8 k €-89 k €-96,2 k €-155,1 k €-191,1 k €-165,3 k €-305,2 k €-405,4 k €-302,2 k €-173,9 k €-257,9 k €
Net result139,2 k €106,8 k €148,2 k €97,1 k €15,1 k €130,4 k €291,6 k €355,2 k €301,3 k €-823,8 k €363,6 k €194,3 k €1,7 k €298,9 k €-305,7 k €-427 k €-1,1 M €480,8 k €582,1 k €
Balance sheet
Equity16 M €15,9 M €15,7 M €15,6 M €15,5 M €15,5 M €15 M €14,8 M €14,4 M €14,1 M €14,9 M €14,6 M €14,4 M €14,4 M €14,1 M €14,4 M €14,8 M €15,9 M €15,4 M €
Total assets16,5 M €16,4 M €15,8 M €15,7 M €15,6 M €15,6 M €15 M €14,8 M €14,4 M €14,1 M €14,9 M €14,6 M €14,4 M €14,4 M €14,1 M €14,5 M €20 M €21,2 M €15,5 M €
Cash95,5 k €148,1 k €317,9 k €144,3 k €144,1 k €136,8 k €174,8 k €137,5 k €232,7 k €90,7 k €236 k €75,3 k €65,8 k €153 k €1,2 M €1,2 M €770,2 k €54,5 k €46,9 k €
Debts522,7 k €543,5 k €82,6 k €68,1 k €84,5 k €105 k €2 k €15,1 k €29,3 k €27,8 k €25,5 k €25,5 k €30,4 k €56,1 k €47,9 k €51,7 k €5,1 M €5,3 M €35,8 k €
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 31/12/2025 · 3 active · 26 ended

Active mandates

Georges Keymeulen

Mandate

Active
Laura Briganti

Mandate

Active
Pierre Jean-Claude Soulé

Mandate

Active

Ended mandates

JULIOTTE CONSULT

Director · since 30 décembre 2019 · until 01 juin 2026 · 0635.556.965

Represented by Georges Keymeulen

Ended
JULIOTTE CONSULT

Director · since 30 décembre 2019 · until 01 juin 2026 · 0635.556.965

Represented by Georges KEYMEULEN

Ended
Pologinvest SPRL

Director · since 30 avril 2018 · until 03 juin 2024 · 0542.890.093

Represented by Carine Alboort

Ended
Pologinvest SRL

Director · since 30 avril 2018 · until 30 décembre 2019 · 0542.890.093

Represented by Carine Alboort

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/07/202622/08/202521/08/202431/07/202331/07/202231/08/2021
General meeting01/06/202602/06/202503/06/202405/06/202306/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202631/07/2026FrenchPDF
Abridged model31/12/202402/06/202522/08/2025FrenchPDF
Abridged model31/12/202303/06/202421/08/2024FrenchPDF
Abridged model31/12/202205/06/202331/07/2023FrenchPDF
Abridged model31/12/202106/06/202231/07/2022FrenchPDF
Abridged model31/12/202007/06/202131/08/2021FrenchPDF
Abridged model31/12/201915/10/202030/10/2020DutchPDF
Abridged model31/12/201805/06/201914/06/2019FrenchPDF
Abridged model31/12/201706/06/201806/08/2018FrenchPDF
Abridged model31/12/201606/07/201727/07/2017FrenchPDF
Abridged model31/12/201505/07/201626/07/2016FrenchPDF
Abridged model31/12/201410/06/201516/07/2015FrenchPDF
Abridged model31/12/201308/07/201425/08/2014FrenchPDF
Abridged model31/12/201203/06/201325/06/2013FrenchPDF
Abridged model31/12/201104/06/201201/08/2012FrenchPDF
Abridged model31/12/201030/05/201127/07/2011FrenchPDF
Abridged model31/12/200908/06/201023/08/2010FrenchPDF
Abridged model31/12/200830/06/200930/10/2009FrenchPDF
Abridged model31/12/200702/06/200830/07/2008FrenchPDF
Abridged model31/12/200604/06/200729/06/2007FrenchPDF
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 31/12/2025 · 3 active · 26 ended

Active mandates

Georges Keymeulen

Mandate

Active
Laura Briganti

Mandate

Active
Pierre Jean-Claude Soulé

Mandate

Active

Ended mandates

JULIOTTE CONSULT

Director · since 30 décembre 2019 · until 01 juin 2026 · 0635.556.965

Represented by Georges Keymeulen

Ended
JULIOTTE CONSULT

Director · since 30 décembre 2019 · until 01 juin 2026 · 0635.556.965

Represented by Georges KEYMEULEN

Ended
Pologinvest SPRL

Director · since 30 avril 2018 · until 03 juin 2024 · 0542.890.093

Represented by Carine Alboort

Ended
Pologinvest SRL

Director · since 30 avril 2018 · until 30 décembre 2019 · 0542.890.093

Represented by Carine Alboort

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office01/07/2024
    SIEGE SOCIAL
    PDF
  • Mandates08/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/03/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/10/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/08/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/08/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/02/2014
    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

Timeline

  1. 2025
    Annual accounts 2025139,2 k €
  2. 2024
    Annual accounts 2024106,8 k €
  3. 2023
    Annual accounts 2023148,2 k €
  4. 2022
    Annual accounts 202297,1 k €
  5. 2021
    Annual accounts 202115,1 k €
  6. 2020
    Annual accounts 2020130,4 k €
  7. 2018
    Annual accounts 2018291,6 k €
  8. 2017
    Annual accounts 2017355,2 k €
  9. 2016
    Annual accounts 2016301,3 k €
  10. 2015
    Annual accounts 2015-823,8 k €
  11. 2014
    Annual accounts 2014363,6 k €
  12. 2013
    Annual accounts 2013194,3 k €
  13. 2012
    Annual accounts 20121,7 k €
  14. 2011
    Annual accounts 2011298,9 k €
  15. 2010
    Annual accounts 2010-305,7 k €
  16. 2009
    Annual accounts 2009-427 k €
  17. 2008
    Annual accounts 2008-1,1 M €
  18. 2007
    Annual accounts 2007480,8 k €
  19. 2006
    Annual accounts 2006582,1 k €
  20. 31/08/1998
    IncorporationPublic limited company