F.E.M.
ActiveSummary
F.E.M. has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €424,137 and a net result of €73,849. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 87% of 2439 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+4
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 5.51 against 3.44 in 2023; short-term debt: 15.8% and cash: 32.2% of total assets), and 15.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84.2%
Return on assets
14.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
13 d early
2022
20 d early
2021
18 d early
2020
15 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€424,137▲ 6.6%
2023 · €397,887
Total assets
€503,651▼ 3.3%
2023 · €521,047
Net result
€73,849▲ 24.5%
2023 · €59,336
Working capital
€358,799▲ 19.4%
2023 · €300,436
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€134,866▲ 88.3%€116,947▼ 13.3%€126,215▲ 7.9%€81,806▼ 35.2%€99,030▲ 21.1%
Net result€108,285above the sector's middle half▲ 120%€82,929above the sector's middle half▼ 23.4%€90,305above the sector's middle half▲ 8.9%€59,336above the sector's middle half▼ 34.3%€73,849above the sector's middle half▲ 24.5%
Equity€292,417above the sector's middle half▲ 25.6%€334,345above the sector's middle half▲ 14.3%€405,050above the sector's middle half▲ 21.1%€397,887above the sector's middle half▼ 1.8%€424,137above the sector's middle half▲ 6.6%
Total assets€459,962above the sector's middle half▲ 44.5%€497,056above the sector's middle half▲ 8.1%€512,906above the sector's middle half▲ 3.2%€521,047above the sector's middle half▲ 1.6%€503,651above the sector's middle half▼ 3.3%
Debt€167,545▲ 95.8%€162,711▼ 2.9%€107,856▼ 33.7%€123,161▲ 14.2%€79,514▼ 35.4%
Working capital€223,898above the sector's middle half▲ 15.0%€267,888above the sector's middle half▲ 19.6%€344,201above the sector's middle half▲ 28.5%€300,436above the sector's middle half▼ 12.7%€358,799above the sector's middle half▲ 19.4%
Solvency63.6%within the sector's middle half▼ 9.5pp67.3%above the sector's middle half▲ 3.7pp79.0%above the sector's middle half▲ 11.7pp76.4%above the sector's middle half▼ 2.6pp84.2%above the sector's middle half▲ 7.8pp
Current ratio3.09above the sector's middle half▼ 0.193.17above the sector's middle half▲ 0.084.83above the sector's middle half▲ 1.663.44above the sector's middle half▼ 1.385.51above the sector's middle half▲ 2.07
Return on assets (ROA)23.5%above the sector's middle half▲ 8.1pp16.7%above the sector's middle half▼ 6.9pp17.6%above the sector's middle half▲ 0.9pp11.4%within the sector's middle half▼ 6.2pp14.7%within the sector's middle half▲ 3.3pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 21% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €503,651
Fixed assets
€65,338 ▼ 33.1%
Current assets
€438,313 ▲ 3.5%
Equity and liabilities €503,651
Equity
€424,137 ▲ 6.6%
Debt
€79,514 ▼ 35.4%
Debt's share of the balance-sheet total falls from 23.6% to 15.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€134,219▲
2023 · €116,311
Cash flow
€109,038▲
2023 · €93,842
Debt to equity
0.19▼
2023 · 0.31
ROE
17.4%▲
2023 · 14.9%
Interest coverage
136.86▲
2023 · 97.78
Debt ≤ 1 year
€79,514▼
2023 · €122,879
Income taxes
€29,596▲
2023 · €23,558
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,810 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,013 | €28,000 | €27,554 | €34,505 | €35,189 | ▲ 2.0% |
| Other operating charges640/8 | - | €2,443 | €1,186 | €542 | €1,119 | ▲ 107% |
| Gross operating margin9900 | €148,680 | €147,390 | €154,954 | €116,853 | €135,338 | ▲ 15.8% |
| Operating profit (loss)9901 | €134,866 | €116,947 | €126,215 | €81,806 | €99,030 | ▲ 21.1% |
| Financial income75/76B | - | €1,880 | €2,257 | €2,278 | €5,396 | ▲ 137% |
| Recurring financial income75 | €376 | €1,880 | €1,757 | €2,278 | €5,396 | ▲ 137% |
| Non-recurring financial income76B | - | - | €500 | €0 | - | - |
| Financial charges65/66B | - | €1,161 | €997 | €1,189 | €981 | ▼ 17.5% |
| Recurring financial charges65 | €641 | €1,161 | €997 | €1,189 | €981 | ▼ 17.5% |
| Profit (loss) for the period before taxes9903 | €151,600 | €117,666 | €127,474 | €82,895 | €103,445 | ▲ 24.8% |
| Income taxes67/77 | €43,315 | €34,738 | €37,169 | €23,558 | €29,596 | ▲ 25.6% |
| Profit (loss) for the period9904 | €108,285 | €82,929 | €90,305 | €59,336 | €73,849 | ▲ 24.5% |
| Profit (loss) for the period to be appropriated9905 | €108,285 | €82,929 | €90,305 | €59,336 | €73,849 | ▲ 24.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €459,962 | €497,056 | €512,906 | €521,047 | €503,651 | ▼ 3.3% |
| Fixed assets21/28 | €128,814 | €105,667 | €78,761 | €97,732 | €65,338 | ▼ 33.1% |
| Tangible fixed assets22/27 | €127,814 | €104,667 | €78,761 | €97,732 | €65,338 | ▼ 33.1% |
| Plant, machinery and equipment23 | - | €1,669 | €848 | €27 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €77,996 | €57,061 | €81,002 | €52,784 | ▼ 34.8% |
| Other tangible fixed assets26 | - | €25,002 | €20,853 | €16,703 | €12,554 | ▼ 24.8% |
| Financial fixed assets28 | €1,000 | €1,000 | €0 | - | - | - |
| Current assets29/58 | €331,148 | €391,389 | €434,145 | €423,315 | €438,313 | ▲ 3.5% |
| Amounts receivable after more than one year29 | - | €130,097 | €120,721 | €111,222 | €101,598 | ▼ 8.7% |
| Other amounts receivable291 | - | €130,097 | €120,721 | €111,222 | €101,598 | ▼ 8.7% |
| Amounts receivable within one year40/41 | €65,695 | €9,256 | €66,852 | €52,143 | €30,814 | ▼ 40.9% |
| Trade receivables40 | - | - | €57,475 | €42,630 | €21,175 | ▼ 50.3% |
| Other amounts receivable41 | - | €9,256 | €9,377 | €9,513 | €9,639 | ▲ 1.3% |
| Current investments50/53 | - | - | - | €129,110 | €141,214 | ▲ 9.4% |
| Cash at bank and in hand54/58 | €126,100 | €249,492 | €244,821 | €128,085 | €161,931 | ▲ 26.4% |
| Deferred charges and accrued income490/1 | - | €2,545 | €1,751 | €2,756 | €2,756 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €459,962 | €497,056 | €512,906 | €521,047 | €503,651 | ▼ 3.3% |
| Equity10/15 | €292,417 | €334,345 | €405,050 | €397,887 | €424,137 | ▲ 6.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €8,060 | €8,060 | = |
| Reserves13 | €286,217 | €328,145 | €398,850 | €389,827 | €416,077 | ▲ 6.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €326,285 | €396,990 | €389,827 | €416,077 | ▲ 6.7% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €167,545 | €162,711 | €107,856 | €123,161 | €79,514 | ▼ 35.4% |
| Amounts payable after more than one year17 | €60,295 | €39,210 | €17,912 | €0 | - | - |
| Financial debts170/4 | - | €39,210 | €17,912 | €0 | - | - |
| Amounts payable within one year42/48 | €107,250 | €123,501 | €89,944 | €122,879 | €79,514 | ▼ 35.3% |
| Current portion of amounts payable after more than one year42 | - | €21,085 | €21,298 | €17,912 | €0 | ▼ 100% |
| Financial debts43 | - | €8,047 | €7,424 | €6,857 | €6,852 | ▼ 0.1% |
| Credit institutions430/8 | - | €8,047 | €7,424 | €6,857 | €6,852 | ▼ 0.1% |
| Trade debts44 | €1,535 | €6,569 | €5,124 | €4,605 | €7,405 | ▲ 60.8% |
| Suppliers440/4 | - | €6,569 | €5,124 | €4,605 | €7,405 | ▲ 60.8% |
| Taxes, remuneration and social security45 | - | €48,103 | €40,670 | €28,618 | €17,508 | ▼ 38.8% |
| Taxes450/3 | - | €44,618 | €37,143 | €25,029 | €17,508 | ▼ 30.0% |
| Remuneration and social security454/9 | - | €3,485 | €3,527 | €3,589 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €39,696 | €15,429 | €64,888 | €47,748 | ▼ 26.4% |
| Accrued charges and deferred income492/3 | - | - | - | €281 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €108,285 | €82,929 | €90,305 | €59,336 | €73,849 | ▲ 24.5% |
| + Depreciation and write-downs630 | €12,013 | €28,000 | €27,554 | €34,505 | €35,189 | ▲ 2.0% |
| Operating cash flow (approximation) | €120,299 | €110,929 | €117,859 | €93,842 | €109,038 | ▲ 16.2% |
| Investment in fixed assets (approximation) | - | -€4,854 | -€648 | -€53,477 | -€2,795 | ▲ 94.8% |
| Change in cash | - | €123,391 | -€4,670 | -€116,736 | €33,846 | ▲ 129% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €108,285 ▲120%
Operating result €134,866, net result €108,285, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €49,198 ▼26.1%
Net result drops to €49,198, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hamme (Vl.) · 1 establishment unit since 2012
Ground area
814 m²
Building footprint
177 m²
Volume, LiDAR
1,137 m³
Parcel 42008A1683/00F000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
F.E.M.
since 20122.211.760.544
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42008A1683/00F000 | Flanders | 814 m² | 1 · 177 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,315 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847510279
Also
9925:BE0847510279
Registered
11-12-2022
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.