F&M Projects
ActiveF&M Projects has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26k and a net result of €10k. Equity is growing by ~51.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▼-19
Solvency49▼-24
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.57 against 1.63 in 2023; short-term debt: 76% and cash: 13.5% of total assets), and 76% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24%
Return on assets
9.5%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Sector 80
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 30-09-2025, 61 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
54 d late
2022
123 d late
2021
487 d late
2020
685 d late
2019
121 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€26k▲ 65.7%
2023 · €16k
2018: €11k
2019: €-17k
2020: €-13k
2021: €9k
2022: €4k
2023: €16k
2018 → 2024
Total assets
€108k▲ 230%
2023 · €33k
2018: €29k
2019: €7k
2020: €7k
2021: €16k
2022: €11k
2023: €33k
2018 → 2024
Net result
€10k▼ 10.8%
2023 · €11k
2018: €-7k
2019: €-28k
2020: €3k
2021: €22k
2022: €-5k
2023: €11k
2018 → 2024
Working capital
€-35k
2023 · €11k
2018: €6k
2019: €-22k
2020: €-18k
2021: €4k
2022: €369
2023: €11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-13k-€9k€4k▼ 53.9%€16k▲ 279%€26k▲ 65.7%
Operating result€4k-€23k▲ 486%€-5k€11k€25k▲ 119%
Net result€3k-€22k▲ 574%€-5k€11k€10k▼ 10.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 119% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €108k
Fixed assets
€61k▲ 1,160%
Current assets
€47k▲ 67.7%
Equity and liabilities €108k
Equity
€26k▲ 65.7%
Debt
€82k▲ 380%
The debt ratio rises from 52.1% to 76.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33k▲
2023 · €11k
Cash flow
€19k▲
2023 · €12k
Solvency
24.0%▼
2023 · 47.9%
Current ratio
0.57▼
2023 · 1.63
Quick ratio
0.57▼
2023 · 1.63
Debt / equity
3.16▲
2023 · 1.09
ROE
39.6%▼
2023 · 73.6%
ROA
9.5%▼
2023 · 35.2%
Interest coverage
114.20▲
2023 · 56.20
Debt
€82k▲
2023 · €17k
Debt ≤ 1 year
€82k▲
2023 · €17k
Income taxes
€14k
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€33k€108k▲
Fixed assets21/28€5k€61k▲
Tangible fixed assets22/27€1k€57k▲
Furniture and vehicles24€1k€57k▲
Financial fixed assets28€4k€4k=
Current assets29/58€28k€47k▲
Amounts receivable within one year40/41€19k€32k▲
Trade receivables40€12k€30k▲
Other amounts receivable41€7k€2k▼
Cash at bank and in hand54/58€8k€15k▲
Equity and liabilities
Total equity and liabilities10/49€33k€108k▲
Equity10/15€16k€26k▲
Contributions10/11€19k€19k=
Reserves13-€7k
Distributable reserves133-€7k
Profit (loss) carried forward14€-3k-
Amounts payable17/49€17k€82k▲
Amounts payable within one year42/48€17k€82k▲
Trade debts44€4k€72k▲
Suppliers440/4€4k€72k▲
Taxes, remuneration and social security45€13k€10k▼
Taxes450/3€10k€10k▼
Remuneration and social security454/9€3k-
Income statement
Code20232024
Non-recurring operating income76A-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51€9k▲
Other operating charges640/8€109€168▲
Non-recurring operating charges66A-€10k
Gross operating margin9900€11k€43k▲
Operating profit (loss)9901€11k€25k▲
Financial income75/76B€363€108▼
Recurring financial income75€363€108▼
Financial charges65/66B€202€292▲
Recurring financial charges65€202€292▲
Profit (loss) for the period before taxes9903€11k€25k▲
Income taxes67/77-€14k
Profit (loss) for the period9904€11k€10k▼
Profit (loss) for the period to be appropriated9905€11k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€7k▲
Profit (loss) brought forward from the previous period14P€-14k€-3k▲
Transfer to equity691/2-€7k
To other reserves6921-€7k
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 487 days late
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 685 days late
2021
31-12
Financial
Highest result since 2018net €22k ▲574%
Net result €22k, the highest in the series.
31-12
Financial
Liquidity times 17current ratio 1.54
Current ratio from 0.09 to 1.54; short-term debt falls from €20k to €7k.
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 121 days late
04-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 370 days late
2019
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
05-10-2023
DAGLIOGLU, Ali: Resigned as Director
31-01-2022
EVLEK, Furkan: Resigned as Director
13-08-2018
EVLEK JALE: Resigned as Manager
13-08-2018
EVLEK MUSTAFA: Resigned as Manager
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2017
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.
Uitbreidingstraat 842600 AntwerpenGround area
9,631 m²
Building footprint
998 m²
Volume, LiDAR
20,276 m³
Parcel 11303B0445/00N008, Flanders · tallest building 25.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
F&M Projects
since 20172.264.893.481
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0445/00N008 | Flanders | 9,631 m² | 1 · 998 m² | 25.2 m · 6 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 89 EUR awarded · 89 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 89 EUR | 89 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 460 companies in sector 80090 we hold annual accounts for 258. 183 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2017
Fiscal year end31-12
Activities, NACEBEL
80090Investigation and security activities
80200Investigation and security activities
41001General construction of residential buildings
42110Construction of roads and motorways
43211General electrical installation work
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
80010Investigation and private security services
80100Investigation and security activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.