F.M. INDUSTRIES
ActiveF.M. INDUSTRIES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161k and a net result of €20k. Equity is growing by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 1904 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-7
Solvency67▼-33
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 5.74 in 2024; short-term debt: 54.4% and cash: 5.1% of total assets), but 57.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 25
higher
← 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 2025Solvency, return and age of the figures
Solvency
42.4%
Return on assets
5.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
14 d late
2023
41 d early
2022
28 d early
2021
on the day
2020
2 d early
2019
49 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€161k▼ 40.4%
2024 · €269k
2019: €55k
2020: €73k
2021: €133k
2022: €175k
2023: €233k
2024: €269k
2019 → 2025
Total assets
€379k▲ 13.9%
2024 · €333k
2019: €124k
2020: €125k
2021: €235k
2022: €277k
2023: €383k
2024: €333k
2019 → 2025
Net result
€20k▼ 44.6%
2024 · €37k
2019: €9k
2020: €18k
2021: €60k
2022: €42k
2023: €77k
2024: €37k
2019 → 2025
Working capital
€155k▼ 37.1%
2024 · €247k
2019: €48k
2020: €68k
2021: €94k
2022: €146k
2023: €205k
2024: €247k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€133k-€175k▲ 31.5%€233k▲ 33.1%€269k▲ 15.7%€161k▼ 40.4%
Operating result€84k-€60k▼ 28.2%€107k▲ 78.3%€53k▼ 50.8%€30k▼ 42.5%
Net result€60k-€42k▼ 30.7%€77k▲ 82.7%€37k▼ 52.3%€20k▼ 44.6%
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 two years in a row; 2025 is 43% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €379k
Fixed assets
€18k▼ 47.6%
Current assets
€361k▲ 20.9%
Equity and liabilities €379k
Equity
€161k▼ 40.4%
Debt
€218k▲ 245%
The debt ratio rises from 19.0% to 57.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€50k▼
2024 · €72k
Cash flow
€40k▼
2024 · €56k
Solvency
42.4%▼
2024 · 81.0%
Current ratio
1.75▼
2024 · 5.74
Quick ratio
1.75▼
2024 · 5.74
Debt / equity
1.36▲
2024 · 0.23
ROE
12.6%▼
2024 · 13.6%
ROA
5.3%▼
2024 · 11.0%
Interest coverage
19.87▼
2024 · 86.03
Debt
€218k▲
2024 · €63k
Debt ≤ 1 year
€206k▲
2024 · €52k
Debt > 1 year
€12k▲
2024 · €11k
Income taxes
€8k▼
2024 · €15k
Staff costs
€36
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€333k€379k▲
Fixed assets21/28€34k€18k▼
Tangible fixed assets22/27€34k€18k▼
Plant, machinery and equipment23€1k€4k▲
Furniture and vehicles24€33k€14k▼
Current assets29/58€299k€361k▲
Amounts receivable within one year40/41€270k€340k▲
Trade receivables40€10k€13k▲
Other amounts receivable41€260k€327k▲
Cash at bank and in hand54/58€26k€19k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€333k€379k▲
Equity10/15€269k€161k▼
Contributions10/11€12k€12k=
Reserves13€244k€135k▼
Distributable reserves133€244k€135k▼
Profit (loss) carried forward14€13k€13k=
Amounts payable17/49€63k€218k▲
Amounts payable after more than one year17€11k€12k▲
Financial debts170/4€11k€12k▲
Amounts payable within one year42/48€52k€206k▲
Current portion of amounts payable after more than one year42€13k€38k▲
Trade debts44€15k€29k▲
Suppliers440/4€15k€29k▲
Taxes, remuneration and social security45€24k€10k▼
Taxes450/3€21k€7k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48-€129k
Income statement
Code20242025
Remuneration, social security and pensions62-€36
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€20k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€73k€51k▼
Operating profit (loss)9901€53k€30k▼
Financial income75/76B€48€4▼
Recurring financial income75€48€4▼
Financial charges65/66B€837€3k▲
Recurring financial charges65€837€3k▲
Profit (loss) for the period before taxes9903€52k€28k▼
Income taxes67/77€15k€8k▼
Profit (loss) for the period9904€37k€20k▼
Profit (loss) for the period to be appropriated9905€37k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€33k▼
Profit (loss) brought forward from the previous period14P€13k€13k=
Transfer from equity791/2-€129k
Transfer to equity691/2€37k€20k▼
To other reserves6921€37k€20k▼
Profit to be distributed694/7-€129k
Return on contributions (dividend)694-€129k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
14-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
30-06
Financial
Liquidity doublescurrent ratio 5.74
Current ratio from 2.63 to 5.74; short-term debt falls from €126k to €52k.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €77k ▲82.7%
Operating result €107k, net result €77k, both a record.
30-06
Financial
Equity above €200kEq €233k ▲33.1%
5 profitable years in a row build equity to €233k.
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €150kEq €175k ▲31.5%
4 profitable years in a row build equity to €175k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €100kEq €133k ▲83.2%
3 profitable years in a row build equity to €133k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lokeren · 1 establishment unit since 2007
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.
Moerhofstraat 429180 LokerenGround area
116 m²
Parcel 44045H1157/00D003, Flanders. Linked by address, not a title deed.
1 establishment unit
F.M. Industries
since 20072.167.721.554
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44045H1157/00D003 | Flanders | 115 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 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
VERSTRAETE METAALCONSTRUCTIE
BE 0897.831.406
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ERKO CONSTRUCT
BE 0554.820.697
Buggenhout · Eq €160k
BRUS
BE 0723.725.215
Sint-Gillis (bij-Brussel) · Eq €161k
SWICO VERSPANING
BE 0780.930.766
Bree · Eq €160k
Gecar Constructie
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Staden · Eq €161k
Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,660 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2007
Fiscal year end30-06
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.