F.E.M.
ActiveSummary
F.E.M. has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €320,549 and a net result of €4,698. Equity has been growing by about 9.7% per year since 2018. Its solvency ranks better than 75% of 2,331 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-07-2012 Normal situation
- Activity
- Machining of metals NACE 25530
- Establishment unit
- 2.211.760.544 9220 Hamme (Vl.), since 19-07-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2022
Board and ownership
- Fransen WernerDirector · since 09-07-2012
- CLAES Kitty MarciaDirector · since 29-11-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €36,870
- ▼ 72.8%
- Turnover
- ≈ €150,000
- estimated
- Profit
- €4,698
- ▼ 93.6%
- Equity
- €320,549
- ▼ 24.4%
- Total assets
- €458,790
- ▼ 8.9%
Score breakdownraises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskLiquidity: current ratio 3.06, cash €180,117Equity €320,549 (69.9% of total assets)Founded in 2012Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 75% of them on solvency, 85% on liquidity, 38% on profitability and 15% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 13 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 97% lower than in 2024 and the lowest since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,854 | €1,648 | €53,477 | €2,795 | €2,645 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €28,000 | €27,554 | €34,505 | €35,189 | €32,560 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as F.E.M.: machining of metals (NACE 25530). They are comparable in size and age: total assets between €301,000 and €483,000, founded between 2008 and 2016.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| F.E.M. Hamme (Vl.) | 2012 | €458,790 | €320,549 | €36,870 | - | €4,698 | - | 2025 |
| GICON-CONSTRUCT Assenede | 2008 | €481,276 | €122,053 | €54,349 | - | €2,971 | - | 2025 |
| SVDS Pelt | 2008 | €482,703 | €120,937 | €38,505 | - | -€44,588 | - | 2025 |
| MUS & FILS Sint-Pieters-Leeuw | 2013 | €378,509 | €357,192 | €52,273 | €412,346 | -€78,931 | 1 | 2024 |
| DE RAEDT Merchtem | 2016 | €400,212 | €45,490 | €37,166 | - | €5,308 | - | 2025 |
| RAKOU Zonhoven | 2010 | €368,391 | €340,358 | €25,301 | - | €23,570 | - | 2025 |
| ATELIERS PLUMIER Charleroi | 2012 | €301,325 | €115,857 | €43,928 | - | €54 | - | 2025 |
They were chosen from the 1,622 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 6,049 companies had the same profile as F.E.M. has now. Two years later, 0.4% had gone bankrupt and 96.0% were still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of F.E.M. itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for F.E.M.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,457 | €22,081 | €12,013 | €28,000 | €27,554 | €34,505 | €35,189 | €32,560 | ▼ 7.5% |
| Other operating charges640/8 | - | - | - | €2,443 | €1,186 | €542 | €1,119 | €949 | ▼ 15.2% |
| Gross operating margin9900 | €125,159 | €95,862 | €148,680 | €147,390 | €154,954 | €116,853 | €135,338 | €36,870 | ▼ 72.8% |
| Operating profit (loss)9901 | €94,328 | €71,616 | €134,866 | €116,947 | €126,215 | €81,806 | €99,030 | €3,361 | ▼ 96.6% |
| Financial income75/76B | - | - | - | €1,880 | €2,257 | €2,278 | €5,396 | €5,637 | ▲ 4.5% |
| Recurring financial income75 | €6 | €27 | €376 | €1,880 | €1,757 | €2,278 | €5,396 | €5,637 | ▲ 4.5% |
| Non-recurring financial income76B | - | - | - | - | €500 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €1,161 | €997 | €1,189 | €981 | €1,325 | ▲ 35.1% |
| Recurring financial charges65 | €1,361 | €443 | €641 | €1,161 | €997 | €1,189 | €981 | €1,325 | ▲ 35.1% |
| Profit (loss) for the period before taxes9903 | €92,973 | €71,201 | €151,600 | €117,666 | €127,474 | €82,895 | €103,445 | €7,673 | ▼ 92.6% |
| Income taxes67/77 | €26,429 | €22,002 | €43,315 | €34,738 | €37,169 | €23,558 | €29,596 | €2,975 | ▼ 89.9% |
| Profit (loss) for the period9904 | €66,544 | €49,198 | €108,285 | €82,929 | €90,305 | €59,336 | €73,849 | €4,698 | ▼ 93.6% |
| Profit (loss) for the period to be appropriated9905 | €66,544 | €49,198 | €108,285 | €82,929 | €90,305 | €59,336 | €73,849 | €4,698 | ▼ 93.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €280,140 | €318,420 | €459,962 | €497,056 | €512,906 | €521,047 | €503,651 | €458,790 | ▼ 8.9% |
| Fixed assets21/28 | €56,147 | €38,108 | €128,814 | €105,667 | €78,761 | €97,732 | €65,338 | €35,423 | ▼ 45.8% |
| Tangible fixed assets22/27 | €55,147 | €37,108 | €127,814 | €104,667 | €78,761 | €97,732 | €65,338 | €35,423 | ▼ 45.8% |
| Plant, machinery and equipment23 | - | - | - | €1,669 | €848 | €27 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €77,996 | €57,061 | €81,002 | €52,784 | €27,018 | ▼ 48.8% |
| Other tangible fixed assets26 | - | - | - | €25,002 | €20,853 | €16,703 | €12,554 | €8,404 | ▼ 33.1% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €0 | - | - | - | - |
| Current assets29/58 | €223,993 | €280,313 | €331,148 | €391,389 | €434,145 | €423,315 | €438,313 | €423,368 | ▼ 3.4% |
| Amounts receivable after more than one year29 | - | - | - | €130,097 | €120,721 | €111,222 | €101,598 | €91,849 | ▼ 9.6% |
| Other amounts receivable291 | - | - | - | €130,097 | €120,721 | €111,222 | €101,598 | €91,849 | ▼ 9.6% |
| Amounts receivable within one year40/41 | €99,219 | €36,300 | €65,695 | €9,256 | €66,852 | €52,143 | €30,814 | €70,195 | ▲ 128% |
| Trade receivables40 | - | - | - | - | €57,475 | €42,630 | €21,175 | €42,794 | ▲ 102% |
| Other amounts receivable41 | - | - | - | €9,256 | €9,377 | €9,513 | €9,639 | €27,401 | ▲ 184% |
| Current investments50/53 | - | - | - | - | - | €129,110 | €141,214 | €78,524 | ▼ 44.4% |
| Cash at bank and in hand54/58 | €124,773 | €244,013 | €126,100 | €249,492 | €244,821 | €128,085 | €161,931 | €180,117 | ▲ 11.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2,545 | €1,751 | €2,756 | €2,756 | €2,683 | ▼ 2.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €280,140 | €318,420 | €459,962 | €497,056 | €512,906 | €521,047 | €503,651 | €458,790 | ▼ 8.9% |
| Equity10/15 | €234,233 | €232,832 | €292,417 | €334,345 | €405,050 | €397,887 | €424,137 | €320,549 | ▼ 24.4% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €8,060 | €8,060 | €6,200 | ▼ 23.1% |
| Reserves13 | €228,033 | €226,632 | €286,217 | €328,145 | €398,850 | €389,827 | €416,077 | €314,349 | ▼ 24.4% |
| 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 | €314,349 | ▼ 24.4% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €45,907 | €85,589 | €167,545 | €162,711 | €107,856 | €123,161 | €79,514 | €138,241 | ▲ 73.9% |
| Amounts payable after more than one year17 | €4,292 | - | €60,295 | €39,210 | €17,912 | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €39,210 | €17,912 | €0 | - | - | - |
| Amounts payable within one year42/48 | €41,615 | €85,589 | €107,250 | €123,501 | €89,944 | €122,879 | €79,514 | €138,241 | ▲ 73.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,085 | €21,298 | €17,912 | €0 | - | - |
| Financial debts43 | - | - | - | €8,047 | €7,424 | €6,857 | €6,852 | €6,977 | ▲ 1.8% |
| Credit institutions430/8 | - | - | - | €8,047 | €7,424 | €6,857 | €6,852 | €6,977 | ▲ 1.8% |
| Trade debts44 | €2,473 | €5,690 | €1,535 | €6,569 | €5,124 | €4,605 | €7,405 | €2,871 | ▼ 61.2% |
| Suppliers440/4 | - | - | - | €6,569 | €5,124 | €4,605 | €7,405 | €2,871 | ▼ 61.2% |
| Taxes, remuneration and social security45 | - | - | - | €48,103 | €40,670 | €28,618 | €17,508 | €23,291 | ▲ 33.0% |
| Taxes450/3 | - | - | - | €44,618 | €37,143 | €25,029 | €17,508 | €19,599 | ▲ 11.9% |
| Remuneration and social security454/9 | - | - | - | €3,485 | €3,527 | €3,589 | €0 | €3,692 | - |
| Other amounts payable47/48 | - | - | - | €39,696 | €15,429 | €64,888 | €47,748 | €105,103 | ▲ 120% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €281 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,544 | €49,198 | €108,285 | €82,929 | €90,305 | €59,336 | €73,849 | €4,698 | ▼ 93.6% |
| + Depreciation and write-downs630 | €28,457 | €22,081 | €12,013 | €28,000 | €27,554 | €34,505 | €35,189 | €32,560 | ▼ 7.5% |
| Operating cash flow (approximation) | €95,001 | €71,280 | €120,299 | €110,929 | €117,859 | €93,842 | €109,038 | €37,258 | ▼ 65.8% |
| Investment in fixed assets (approximation) | - | -€4,042 | -€102,719 | -€4,854 | -€648 | -€53,477 | -€2,795 | -€2,645 | ▲ 5.4% |
| Change in cash | - | €119,239 | -€117,913 | €123,391 | -€4,670 | -€116,736 | €33,846 | €18,186 | ▼ 46.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-06-2026 | 2026-00191300 | NBB |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00279687 | |
| 31-12-2023 | micro format | 18-07-2024 | 2024-00257187 | |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00224004 | |
| 31-12-2021 | micro format | 13-07-2022 | 2022-20179124 | |
| 31-12-2020 | micro format | 16-07-2021 | 2021-37200420 | |
| 31-12-2019 | micro format | 16-07-2020 | 2020-31500475 | |
| 31-12-2018 | micro format | 16-07-2019 | 2019-34100014 | |
| 31-12-2017 | micro format | 16-07-2018 | 2018-35100231 | |
| 31-12-2016 | micro format | 14-07-2017 | 2017-32600258 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 28-12-2023 Capital stated in the deed · 186 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CLAES Kitty Marcia |
|
| Fransen Werner |
|
| Fransen Louis |
|
Network & group
Board mandates elsewhere
1 board mandateCompanies at the same address
1 other companyConnections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
28-12
Gazette deed
Resignations: Fransen Louis (manager) and Fransen Werner (manager)Appointment: CLAES Kitty Marcia (director) · Reappointment: Fransen Werner (director) · Amendment of the articles14 points ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “van rechtswege”, EUR (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing” (deed in Dutch)
- Other provision, “niet gestort deel kapitaal verleden, vrijstelling volstortingsplicht” (deed in Dutch)
- Reserve release, “opheffing eigen vermogensrekening niet-opgevraagde inbrengen, aandelen integraal volstort” (deed in Dutch)
- Capital
- Power of attorney, Paul VERHAVERT
- Director resignation, Fransen Louis (manager)
- Director discharge, Fransen Louis
- Director appointment, CLAES Kitty Marcia (director (not named in the articles))
- Director resignation, Fransen Werner (manager)
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
19 activities
- Het uitoefenen van elke activiteit in verband met metaalbewerking.
- Het uitvoeren van alle draai-, frees-,tap-, boor- en slijpwerkzaamheden van alle materialen.
- Het bouwen van machines.
- Het herstellen en onderhouden van machines.
- Industriele automatisering.
- Huishoudelijke automatisering(domotica)
- Ingenieursactiviteiten en technische studieën.
- Electrische engineering.
- IT-dienstverlening.
- Consultancy, opleiding, technische expertise en bijstand op voornoemd gebied(en).
- Het geven van advies en verstrekken van diensten met betrekking tot de organisatie en het beheer van bedrijven die op dit(die) domein(en) actief zijn, de vertegenwoordiging en het optreden als commercieel tussenpersoon.
- De aankoop, de verkoop, de import, de export, de commercialisatie, de distributie, de bemiddeling, de algemene vertegenwoordiging van alle elektrische en elektronische materialen, producten, toestellen, toebehoren en installaties, alsmede de onderdelen die er betrekking op hebben.
- De plaatsing, het onderhoud, de herstelling van alle elektrische en elektronische installaties.
- Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie, de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al dan niet een participatie aanhoudt.
- Het waarnemen van alle bestuursopdrachten en opdrachten van vereffenaars, het uitoefenen van opdrachten en functies.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen, alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren , huren, verkavelen, prospecteren en uitbaten van onroerende goederen.
- De vennootschap mag alle verrichtingen stellen van commerciële, industriële, onroerende, roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant zijn of de verwezenlijking ervan kunnen bevorderen.
- De vennootschap mag betrokken zijn bij wijze van inbreng, samensmelting, inschrijving of op elke andere wijze, in de ondernemingen, verenigingen of vennootschappen, die een gelijkaardig, soortgelijk of samenhangend voorwerp hebben of die nuttig zijn voor de verwezenlijking van het geheel of een gedeelte van haar voorwerp.
- De vennootschap mag haar voorwerp verwezenlijken zowel in Belgie als in het buitenland, op alle wijzen en manieren, die zij het best geschikt zou achten.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42008A1683/00F000 | Flanders | 814 m² | 1 · 177 m² | 9.0 m · 2 |