ACTIVE

FINARAX

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Financial year 2025 · closed on 30/09/2025

Net result

10,4 k €

+245.8% YoY

Gross margin

75,3 k €

+34.2% YoY

Equity

100,8 k €

+11.5% YoY

What does FINARAX do?

FINARAX is a Private limited company incorporated in 2007. Its main activity is: Specialised design activities. Its registered office is in Meerhout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.694.679

Incorporation

09/07/2007

Legal form

Private limited company

Registered office

Halfweg 19
2450 Meerhout · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

30/09/2025

Activities (NACE)

74142Specialised design activities· main 82100Office administrative and support activities 82110Combined office administrative service activities 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68310Real estate agencies+9

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008
Income statement
Gross margin	75,3 k €	+34.2%	56,1 k €	+68.4%	33,3 k €	-82.1%	186,1 k €	+154%	73,3 k €	-5.6%	77,6 k €	+6.3%	73 k €	+36.2%	53,6 k €	-77.6%	239,7 k €	+406%	47,4 k €	-16.4%	56,7 k €	-65.3%	163,3 k €	+90.1%	85,9 k €	+0.6%	85,4 k €	+21.1%	70,5 k €	+119%	32,2 k €	+57.4%	20,4 k €
EBITDA	71 k €	+38.8%	51,1 k €	+86.5%	27,4 k €	-84.6%	178,2 k €	+164%	67,6 k €	-7.1%	72,7 k €	+11.3%	65,3 k €	+41.6%	46,1 k €	-79.4%	223,5 k €	+405%	44,3 k €	-18.7%	54,5 k €	-66.0%	160,1 k €	+92.2%	83,3 k €	-1.3%	84,4 k €	+24.3%	67,9 k €	+118%	31,2 k €	+61.7%	19,3 k €
Operating result	16,7 k €	+913%	1,7 k €	+108%	-20,1 k €	-115%	130,7 k €	+3169%	-4,3 k €	-1280%	360,7 €	+105%	-7,2 k €	+72.7%	-26,3 k €	-117%	155,3 k €	+675%	-27 k €	-241%	19,2 k €	-81.2%	102,1 k €	+119%	46,6 k €	-9.4%	51,4 k €	+47.2%	34,9 k €	+60.6%	21,7 k €	+12.7%	19,3 k €
Net result	10,4 k €	+246%	-7,1 k €	+76.9%	-30,8 k €	-130%	102,3 k €	+624%	-19,5 k €	-24.5%	-15,7 k €	+32.2%	-23,2 k €	+46.9%	-43,6 k €	-152%	83,8 k €	+263%	-51,3 k €	-90091%	-56,9 €	-100%	40,6 k €	+147%	16,4 k €	-41.8%	28,2 k €	+52.4%	18,5 k €	+2720%	-705,4 €	-117%	4,2 k €
Balance sheet
Equity	100,8 k €	+11.5%	90,4 k €	-7.3%	97,5 k €	-24.0%	128,3 k €	+394%	26 k €	-42.9%	45,5 k €	-25.6%	61,2 k €	-27.5%	84,3 k €	-34.1%	128 k €	+190%	44,1 k €	-53.8%	95,4 k €	-0.1%	95,5 k €	+73.9%	54,9 k €	+18.1%	46,5 k €	+76.5%	26,4 k €	+66.1%	15,9 k €	-4.3%	16,6 k €
Total assets	467,2 k €	-11.3%	526,6 k €	-10.7%	589,6 k €	-13.2%	679,5 k €	-19.6%	845,4 k €	-8.8%	927 k €	-5.8%	983,8 k €	-7.1%	1,1 M €	-7.2%	1,1 M €	-8.1%	1,2 M €	+27.0%	977,5 k €	+48.6%	657,8 k €	-11.7%	745,3 k €	+4.9%	710,8 k €	+1.4%	701,2 k €	+158%	272,3 k €	+38.4%	196,7 k €
Cash	124,5 k €	-7.8%	135 k €	-25.1%	180,1 k €	+14024%	1,3 k €	-4.3%	1,3 k €	-90.4%	13,8 k €	+168%	5,1 k €	-24.0%	6,8 k €	-38.9%	11,1 k €	-37.5%	17,7 k €	-11.6%	20,1 k €	+2611%	740,7 €	+133%	318,1 €	-95.6%	7,3 k €	-84.1%	45,7 k €	+124%	20,4 k €	+50.8%	13,5 k €
Debts	363,9 k €	-16.1%	433,8 k €	-11.8%	492,1 k €	-10.3%	548,3 k €	-32.9%	817,4 k €	-7.1%	879,5 k €	-4.5%	920,7 k €	-5.4%	973 k €	-3.8%	1 M €	-15.5%	1,2 M €	+35.7%	882,1 k €	+56.9%	562,3 k €	-18.2%	687,7 k €	+3.5%	664,3 k €	-1.6%	674,9 k €	+163%	256,4 k €	+42.4%	180,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

Isabelle Claes

Director

Active

Ended mandates

Isabelle Claes

Administrator - manager

Ended

Isabelle Claes

Manager

Ended

Jo Achiel Julien Désiré Gielen

Manager

Ended

Jo Gielen

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	04/04/2025	29/04/2024	28/04/2023	28/04/2022	30/04/2021
General meeting	27/03/2026	14/03/2025	23/02/2024	24/02/2023	25/02/2022	26/02/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	27/03/2026	30/04/2026	Dutch	PDF
Micro model	30/09/2024	14/03/2025	04/04/2025	Dutch	PDF
Micro model	30/09/2023	23/02/2024	29/04/2024	Dutch	PDF
Micro model	30/09/2022	24/02/2023	28/04/2023	Dutch	PDF
Micro model	30/09/2021	25/02/2022	28/04/2022	Dutch	PDF
Micro model	30/09/2020	26/02/2021	30/04/2021	Dutch	PDF
Micro model	30/09/2019	20/03/2020	29/06/2020	Dutch	PDF
Micro model	30/09/2018	08/03/2019	30/04/2019	Dutch	PDF
Micro model	30/09/2017	23/02/2018	25/04/2018	Dutch	PDF
Abridged model	30/09/2016	24/02/2017	31/03/2017	Dutch	PDF
Abridged model	30/09/2015	26/02/2016	30/03/2016	Dutch	PDF
Abridged model	30/09/2014	27/02/2015	25/04/2015	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	11/08/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/09/2025 · 1 active · 4 ended

Active mandates

Isabelle Claes

Director

Active

Ended mandates

Isabelle Claes

Administrator - manager

Ended

Isabelle Claes

Manager

Ended

Jo Achiel Julien Désiré Gielen

Manager

Ended

Jo Gielen

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/06/2023
WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other07/11/2013
ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office01/10/2010
MAATSCHAPPELIJKE ZETEL
PDF
Other18/07/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202510,4 k €↑
2024
Annual accounts 2024-7,1 k €↑
2023
Annual accounts 2023-30,8 k €↓
2022
Annual accounts 2022102,3 k €↑
2021
Annual accounts 2021-19,5 k €↓
2020
Annual accounts 2020-15,7 k €↑
2019
Annual accounts 2019-23,2 k €↑
2018
Annual accounts 2018-43,6 k €↓
2017
Annual accounts 201783,8 k €↑
2016
Annual accounts 2016-51,3 k €↓
2015
Annual accounts 2015-56,9 €↓
2014
Annual accounts 201440,6 k €↑
2012
Annual accounts 201216,4 k €↓
2011
Annual accounts 201128,2 k €↑
2010
Annual accounts 201018,5 k €↑
2009
Annual accounts 2009-705,4 €↓
2008
Annual accounts 20084,2 k €
09/07/2007
IncorporationPrivate 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

FINARAX

Overview

What does FINARAX do?

Trend over 17 financial years

Indicative valuation

Board of directors

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