F.G.M.
ActiveF.G.M. has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €205k and a net result of €6k. Equity is growing by ~32.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 501 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-3
Solvency89▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 2.1 in 2023; short-term debt: 28.8% and cash: 15% of total assets), and 35.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
27 d late
2022
31 d late
2021
46 d late
2020
54 d late
2019
59 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€205k▲ 3.0%
2023 · €199k
2018: €-52k
2019: €-25k
2020: €41k
2021: €145k
2022: €186k
2023: €199k
2018 → 2024
Total assets
€320k▼ 6.0%
2023 · €341k
2018: €207k
2019: €176k
2020: €262k
2021: €307k
2022: €297k
2023: €341k
2018 → 2024
Net result
€6k▼ 55.4%
2023 · €13k
2018: €12k
2019: €28k
2020: €-5k
2021: €103k
2022: €41k
2023: €13k
2018 → 2024
Working capital
€125k▲ 0.7%
2023 · €124k
2018: €-24k
2019: €8k
2020: €9k
2021: €97k
2022: €112k
2023: €124k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€41k-€145k▲ 249%€186k▲ 28.4%€199k▲ 7.2%€205k▲ 3.0%
Operating result€-1k-€105k€59k▼ 44.4%€22k▼ 62.9%€12k▼ 46.2%
Net result€-5k-€103k€41k▼ 60.2%€13k▼ 67.3%€6k▼ 55.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 46% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €320k
Fixed assets
€103k▼ 0.4%
Current assets
€217k▼ 8.5%
Equity and liabilities €320k
Equity
€205k▲ 3.0%
Debt
€115k▼ 18.8%
The debt ratio falls from 41.5% to 35.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▼
2023 · €47k
Cash flow
€17k▼
2023 · €38k
Solvency
64.1%▲
2023 · 58.5%
Current ratio
2.35▲
2023 · 2.10
Quick ratio
0.64▲
2023 · 0.53
Debt / equity
0.56▼
2023 · 0.71
ROE
2.9%▼
2023 · 6.7%
ROA
1.9%▼
2023 · 3.9%
Interest coverage
25.74▼
2023 · 62.37
Debt
€115k▼
2023 · €141k
Debt ≤ 1 year
€92k▼
2023 · €113k
Debt > 1 year
€23k▼
2023 · €28k
Income taxes
€5k▼
2023 · €8k
Staff costs
€64k▲
2023 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€341k€320k▼
Fixed assets21/28€103k€103k▼
Tangible fixed assets22/27€103k€103k▼
Land and buildings22€64k€61k▼
Plant, machinery and equipment23€21k€18k▼
Furniture and vehicles24€7k€9k▲
Assets under construction and advance payments27€11k€14k▲
Current assets29/58€237k€217k▼
Stocks and contracts in progress3€178k€159k▼
Stocks30/36€178k€159k▼
Amounts receivable within one year40/41€28k€8k▼
Trade receivables40€28k€8k▼
Cash at bank and in hand54/58€32k€48k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€341k€320k▼
Equity10/15€199k€205k▲
Contributions10/11€19k€19k=
Revaluation surpluses12€64k€64k=
Reserves13€9k€119k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€7k€117k▲
Profit (loss) carried forward14€107k€3k▼
Amounts payable17/49€141k€115k▼
Amounts payable after more than one year17€28k€23k▼
Financial debts170/4€28k-
Other amounts payable178/9-€23k
Amounts payable within one year42/48€113k€92k▼
Current portion of amounts payable after more than one year42€4k-
Trade debts44€52k€42k▼
Suppliers440/4€52k€42k▼
Advances received on contracts in progress46€15k€24k▲
Taxes, remuneration and social security45€42k€26k▼
Taxes450/3€36k€22k▼
Remuneration and social security454/9€6k€5k▼
Income statement
Code20232024
Remuneration, social security and pensions62€62k€64k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€11k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€112k€90k▼
Operating profit (loss)9901€22k€12k▼
Financial charges65/66B€749€868▲
Recurring financial charges65€749€868▲
Profit (loss) for the period before taxes9903€21k€11k▼
Income taxes67/77€8k€5k▼
Profit (loss) for the period9904€13k€6k▼
Profit (loss) for the period to be appropriated9905€13k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€107k€113k▲
Profit (loss) brought forward from the previous period14P€94k€107k▲
Transfer to equity691/2-€110k
To other reserves6921-€110k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Equity above €200kEq €205k ▲3%
4 profitable years in a row build equity to €205k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150kEq €186k ▲28.4%
2 profitable years in a row build equity to €186k.
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
31-12
Financial
Back to profitnet €103k
Net result €103k after one loss-making year.
31-12
Financial
Equity above €100kEq €145k ▲249%
Equity rises from €41k to €145k.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 54 days late
2020
31-12
Financial
Weakest financial yearnet €-5k ▼117%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Frameries · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Genly 1887080 FrameriesGround area
350 m²
Building footprint
217 m²
Parcel 53028C1510/00M011, Wallonia. Linked by address, not a title deed.
1 establishment unit
FGM
since 20012.098.396.644
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53028C1510/00M011indicative | Wallonia | 350 m² | 1 · 217 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MACOBA - GRANIET
BE 0449.143.157
Diksmuide · Eq €205k
Stone attitude
BE 0886.567.528
Linkebeek · Eq €206k
LENAERTS
BE 0457.387.959
Rijkevorsel · Eq €204k
SEEGERS NATUURSTEEN
BE 0447.891.065
Dilsen-Stokkem · Eq €207k
Ent. BERNARD Pierrot et Fils
BE 0463.677.816
Jodoigne · Eq €209k
Of 738 companies in sector 23700 we hold annual accounts for 491. 427 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2001
Fiscal year end31-12
Activities, NACEBEL
23700Cutting, shaping and finishing of stone
26700
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.