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F.M.K.

Active
Public limited companyfounded 199234 yrs activeKerkplein 33, 8800 Roeselare, BelgiumKBO/BCE: BE 0446.681.832
Summary

F.M.K. has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23.7m and a net result of €238,181. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 77% of 2353 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
F.M.K.ActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121NACE 74203
#8 company by equity in West Flanders, Architecture and engineering sector2 sites
Size
€33.2mtotal assets 2025
Equity
€23.7m
Profit
€238,181
Financial health
93 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Holdings
7
Accounts 1 d early0 of 10 deeds read
Why 93- Liquidity: current ratio 0.57, cash €74,024- Figures for FY 2025 (filed 01-11-2025)+ Size: total assets €33.2m+ Sector Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Better than 55% of its sector peers (NACE 71, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 97+1
equity 71.5% of total assets
Liquidity 44=
short-term debt 19.7% · cash 0.2%
Profitability 49-2
return on assets 0.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (162 companies)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● 0.0% vs 11-2024lowest value 01-2025: < 0.1%● 0.0% vs 12-2024lowest value 02-2025: < 0.1%● 0.0% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: < 0.1%● 0.0% vs 03-2025lowest value 05-2025: 0.1%● 0.0% vs 04-2025lowest value 06-2025: < 0.1%● 0.0% vs 05-2025lowest value 07-2025: 0.1%▲ +6.0% vs 06-2025 08-2025: 0.1%▲ +5.7% vs 07-2025 09-2025: 0.1%▲ +1.8% vs 08-2025 10-2025: 0.1%▲ +56.1% vs 09-2025 11-2025: 0.2%▲ +93.3% vs 10-2025highest value 12-2025: 0.1%▼ -67.4% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%● 0.0% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%● 0.0% vs 03-2026 05-2026: 0.1%● 0.0% vs 04-2026 06-2026: 0.1%▲ +3.6% vs 05-2026 07-2026: 0.1%▲ +6.9% vs 06-2026 08-2026: 0.1%▲ +3.2% vs 07-2026 09-2026: 0.1%▲ +1.6% vs 08-2026 10-2026: 0.1%▲ +70.8% vs 09-2026
  • Liquidity: current ratio 0.57, cash €74,024 raises the probability
  • Size: total assets €33.2m lowers the probability for this profile
  • Figures for FY 2025 (filed 01-11-2025) raises the probability
  • Sector Architectural and engineering activities; technical testing and analysis (NACE 71) lowers the probability
Credit up to €2,200,000 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.55 in 2024; short-term debt: 19.7% and cash: 0.2% of total assets), and 28.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, medium-sized). Better than this share of them on solvency 86%, liquidity 53%, profitability 36%, growth against the median 44%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.57, cash €74,024
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €33.2m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Figures for FY 2025 (filed 01-11-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Architectural and engineering activities; technical testing and analysis (NACE 71)
In the bankruptcy model this factor lowers the probability.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
6 d early
2023
4 d early
2021
20 d late
2020
6 d early
2019
4 d late
2018
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 27 October (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close03-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Auditor report · General meetingLegal-form conversion · Capital conversion
  2. Incorporation · FounderFounding capital · Capital contribution
  3. Duration · CapitalOther statement · Board rule

Key points

  • Positive: Among the best 5% on equitysector median €200,308 · 2,355 companies €23.7m View
  • Caution: Result fell in 2025from €462,819 to €238,181 ▼ 48.5% View
  • Heads a groupcompanies controlled 17 View
  • Positive: 6 profitable years in a rowprofit 2025: €238,181 6 years View

By topic

Financials

Fiscal year
2025
Total assets
€33.2m
Profit
€238,181
Solvency
71.5%
Turnover▲ 116%
Net result
20192023
Go to Financials

Timeline

Events
15
Since
2015
Next accounts
by 31-10-2026
  1. 22-07-2026Auditor report · General meeting
  2. 02-06-2026Incorporation · Founder
  3. 02-06-2026Duration · Capital
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121
Founded
24-02-1992
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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