F.M.R.
ActiveF.M.R. has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1k) and a net result of €14k. Equity is shrinking by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+1
Solvency25▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.33 in 2024; short-term debt: 60.6% and cash: 0.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 43
Relative position
BE, all sectors
reference
Sector 43
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
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 2025Solvency, return and age of the figures
Solvency
-0.4%
Return on assets
4.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 27676 sector peers (2025).
NBB · sector comparisonPosition among 27676 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
6 d late
2023
68 d late
2022
70 d late
2021
19 d early
2020
27 d late
2019
119 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-1k▲ 92.0%
2024 · €-15k
2018: €85k
2019: €72k
2020: €69k
2021: €93k
2022: €42k
2023: €-32k
2024: €-15k
2018 → 2025
Total assets
€290k▼ 25.6%
2024 · €389k
2018: €498k
2019: €536k
2020: €564k
2021: €521k
2022: €441k
2023: €448k
2024: €389k
2018 → 2025
Net result
€14k▼ 19.4%
2024 · €17k
2018: €-45k
2019: €-13k
2020: €-3k
2021: €24k
2022: €-51k
2023: €-74k
2024: €17k
2018 → 2025
Working capital
€-142k▲ 19.5%
2024 · €-177k
2018: €72k
2019: €50k
2020: €-54k
2021: €-35k
2022: €-91k
2023: €-191k
2024: €-177k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€42k▼ 54.9%€-32k€-15k▲ 53.3%€-1k▲ 92.0%
Operating result€31k-€-46k€-69k▼ 50.6%€23k€19k▼ 18.4%
Net result€24k-€-51k€-74k▼ 44.7%€17k€14k▼ 19.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290k
Fixed assets
€256k▼ 15.1%
Current assets
€33k▼ 61.9%
Key figures and ratios
EBITDA
€40k▼
2024 · €45k
Cash flow
€36k▼
2024 · €39k
Solvency
-0.4%▲
2024 · -3.9%
Current ratio
0.19▼
2024 · 0.33
Quick ratio
0.04▼
2024 · 0.23
ROA
4.8%▲
2024 · 4.4%
Interest coverage
8.27▲
2024 · 7.67
Debt
€291k▼
2024 · €404k
Debt ≤ 1 year
€176k▼
2024 · €264k
Debt > 1 year
€115k▼
2024 · €140k
A ratio outside any meaningful range has been withheld (balance sheet total €290k, equity €-1k).
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€389k€290k▼
Fixed assets21/28€302k€256k▼
Tangible fixed assets22/27€275k€253k▼
Land and buildings22€180k€173k▼
Furniture and vehicles24€41k€31k▼
Other tangible fixed assets26€54k€49k▼
Financial fixed assets28€27k€3k▼
Current assets29/58€87k€33k▼
Stocks and contracts in progress3€27k€27k=
Stocks30/36€27k€27k=
Amounts receivable within one year40/41€53k€100▼
Trade receivables40€17k-
Other amounts receivable41€36k€100▼
Current investments50/53€10-
Cash at bank and in hand54/58€6k€2k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€389k€290k▼
Equity10/15€-15k€-1k▲
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€-37k€-23k▲
Amounts payable17/49€404k€291k▼
Amounts payable after more than one year17€140k€115k▼
Financial debts170/4€140k€115k▼
Amounts payable within one year42/48€264k€176k▼
Current portion of amounts payable after more than one year42€24k€26k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€14k€2k▼
Taxes450/3€14k€2k▼
Other amounts payable47/48€222k€144k▼
Accrued charges and deferred income492/3-€150
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k=
Other operating charges640/8€3k€39k▲
Gross operating margin9900€48k€79k▲
Operating profit (loss)9901€23k€19k▼
Financial income75/76B€55€0▼
Recurring financial income75€55€0▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€17k€14k▼
Profit (loss) for the period9904€17k€14k▼
Profit (loss) for the period to be appropriated9905€17k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€-23k▲
Profit (loss) brought forward from the previous period14P€-54k€-37k▲
The notes to these accounts (7 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
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet €-74k
Net result drops to €-74k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €24k
Net result €24k after 3 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 127 days late
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tubize · 1 establishment unit since 1988
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 Bolle 461480 TubizeGround area
1,280 m²
Building footprint
82 m²
Volume, LiDAR
683 m³
Parcel 25077F0007/00D002, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Bolle 46, 1480 Tubize
since 19882.038.344.142
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25077F0007/00D002 | Wallonia | 1,280 m² | 1 · 82 m² | 11.7 m · 3 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.
Similar companies · same sector, comparable size
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ISOPOLY
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DA Concept
BE 0767.512.203
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D'CO Concept
BE 0507.960.888
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JOZO
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Of 914 companies in sector 43333 we hold annual accounts for 400. 322 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-05-1988
Fiscal year end31-12
Activities, NACEBEL
43333Wallpapering and laying of floor and wall coverings in other materials
45433
Sources
Crossroads Bank for EnterprisesNational Bank · 37 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.