ACTIVE

FINED

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Financial year 2025 · closed on 30/09/2025

Net result

51,4 k €

-19.5% YoY

Gross margin

80,5 k €

-5.0% YoY

Equity

120,6 k €

-13.3% YoY

What does FINED do?

FINED is a Private limited company incorporated in 2008. Its main activity is: Activities of holding companies. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.967.629

Incorporation

16/01/2008

Legal form

Private limited company

Registered office

Brillandstraat 13
9051 Gent · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	80,5 k €	-5.0%	84,7 k €	+9.5%	77,4 k €	+22.9%	62,9 k €	-3.1%	65 k €	+22.3%	53,1 k €	+6.0%	50,1 k €	+7.5%	46,7 k €	-1.5%	47,3 k €	+20.2%	39,4 k €	-9.5%	43,5 k €	+13.4%	38,4 k €	+110%	18,2 k €	+595%	-3,7 k €
EBITDA	79,5 k €	-5.1%	83,7 k €	+9.2%	76,7 k €	+23.2%	62,2 k €	-2.9%	64,1 k €	+22.6%	52,3 k €	+6.3%	49,2 k €	+7.6%	45,7 k €	+0.5%	45,5 k €	+17.7%	38,7 k €	-9.0%	42,5 k €	+12.7%	37,7 k €	+115%	17,6 k €	+524%	-4,2 k €
Operating result	79 k €	-5.1%	83,2 k €	+9.1%	76,3 k €	+23.3%	61,9 k €	+4.3%	59,3 k €	+24.9%	47,5 k €	+7.0%	44,4 k €	+8.5%	41 k €	-0.4%	41,1 k €	+7.0%	38,4 k €	-9.1%	42,3 k €	+12.7%	37,5 k €	+113%	17,6 k €	+524%	-4,2 k €
Net result	51,4 k €	-19.5%	63,9 k €	-8.8%	70 k €	+24.7%	56,1 k €	+5.3%	53,3 k €	+28.9%	41,4 k €	+27.0%	32,6 k €	+14.3%	28,5 k €	+4.5%	27,3 k €	+5.4%	25,9 k €	+107%	-371,5 k €	-2839%	13,6 k €	+387%	2,8 k €	+117%	-16,8 k €
Balance sheet
Equity	120,6 k €	-13.3%	139,1 k €	-24.9%	185,3 k €	+60.7%	115,3 k €	+94.8%	59,2 k €	+904%	5,9 k €	+117%	-35,5 k €	+47.9%	-68 k €	+29.5%	-96,5 k €	+22.0%	-123,8 k €	+17.3%	-149,6 k €	-167%	221,8 k €	+6.5%	208,3 k €	+1.4%	205,5 k €
Total assets	184,6 k €	+29.0%	143,1 k €	-48.4%	277,3 k €	+11.6%	248,6 k €	+22.1%	203,5 k €	+27.1%	160,2 k €	+31.9%	121,4 k €	+41.1%	86 k €	+15.5%	74,5 k €	+25.3%	59,5 k €	+80.2%	33 k €	-92.2%	423,1 k €	+0.5%	421,1 k €	+2.3%	411,4 k €
Cash	164,1 k €	+53.0%	107,3 k €	-58.6%	259,3 k €	+9.6%	236,7 k €	+24.2%	190,6 k €	+35.8%	140,4 k €	+41.3%	99,3 k €	+60.7%	61,8 k €	+35.9%	45,5 k €	-4.3%	47,5 k €	+117%	21,9 k €	+107%	10,6 k €	+7.2%	9,9 k €	+404%	2 k €
Debts	60,7 k €	+1649%	3,5 k €	-95.7%	79,9 k €	-37.2%	127,2 k €	-7.8%	138 k €	-6.6%	147,8 k €	-5.5%	156,4 k €	+1.8%	153,6 k €	-9.9%	170,5 k €	-6.7%	182,7 k €	+0.3%	182,1 k €	-9.3%	200,7 k €	-0.9%	202,6 k €	+3.4%	195,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

Ann Westen

Director

Active

Ended mandates

Ann Westen

Director · since 01 février 2012

Ended

Ann Westen

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Factorio● Active	1010.995.960
Immo Anbar● Active	0600.861.649

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	27/03/2026	07/03/2025	19/03/2024	28/04/2023	11/04/2022	31/03/2021
General meeting	07/03/2026	01/03/2025	02/03/2024	27/04/2023	05/03/2022	06/03/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	07/03/2026	27/03/2026	Dutch	PDF
Micro model	30/09/2024	01/03/2025	07/03/2025	Dutch	PDF
Micro model	30/09/2023	02/03/2024	19/03/2024	Dutch	PDF
Micro model	30/09/2022	27/04/2023	28/04/2023	Dutch	PDF
Micro model	30/09/2021	05/03/2022	11/04/2022	Dutch	PDF
Micro model	30/09/2020	06/03/2021	31/03/2021	Dutch	PDF
Micro model	30/09/2019	07/03/2020	06/04/2020	Dutch	PDF
Micro model	30/09/2018	02/03/2019	30/04/2019	Dutch	PDF
Micro model	30/09/2017	03/03/2018	27/04/2018	Dutch	PDF
Abridged model	30/09/2016	04/03/2017	26/04/2017	Dutch	PDF
Abridged model	30/09/2015	05/03/2016	30/03/2016	Dutch	PDF
Abridged model	30/09/2014	07/03/2015	27/03/2015	Dutch	PDF
Abridged model	30/09/2013	01/03/2014	29/04/2014	Dutch	PDF
Abridged model	30/09/2012	02/03/2013	29/04/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 1 active · 2 ended

Active mandates

Ann Westen

Director

Active

Ended mandates

Ann Westen

Director · since 01 février 2012

Ended

Ann Westen

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/09/2012
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring12/06/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates16/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/03/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Other25/01/2008
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 202551,4 k €↓
2024
Annual accounts 202463,9 k €↓
2023
Annual accounts 202370 k €↑
2022
Annual accounts 202256,1 k €↑
2021
Annual accounts 202153,3 k €↑
2020
Annual accounts 202041,4 k €↑
2019
Annual accounts 201932,6 k €↑
2018
Annual accounts 201828,5 k €↑
2017
Annual accounts 201727,3 k €↑
2016
Annual accounts 201625,9 k €↑
2015
Annual accounts 2015-371,5 k €↓
2014
Annual accounts 201413,6 k €↑
2013
Annual accounts 20132,8 k €↑
2012
Annual accounts 2012-16,8 k €
16/01/2008
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

FINED

Overview

What does FINED do?

Trend over 14 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