FALGRYMACO
ActiveSummary
The computed 12-month bankruptcy probability of FALGRYMACO is 2.0% (moderate). The 2025 annual accounts show negative equity (-€11,893) and a net result of €45,553. Equity fluctuates too strongly from year to year to read a trend from it. The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-09-2015 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.245.880.095 7861 Lessines, since 01-10-2015
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.0%
- Gross margin
- €46,466
- Turnover
- ≈ €170,000
- estimated
- Profit
- €45,553
- Equity
- -€11,893
- ▲ 79.3%
- Total assets
- €4,938
- ▼ 22.9%
- Negative equity on 31-12-2025
- 2025 accounts filed 26 days after the deadline
Score breakdownraises riskLast filed accounts filed 26 days late; 2 of the last 3 accounts lateLiquidity: current ratio 0.29, cash €0, halvedSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €4,938Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 1% on liquidity, 92% on profitability and 89% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 247 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00437315.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 9 filings
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result for 2025 is a profit of €45,648, after a loss of €3,356 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 3.7 |
| On a permanent contract | 1 |
| Joined | 2 |
| Left | 7 |
Source: social balance sheet in the 2021 annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €1,301 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €175,777 | €81 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,730 | €17,001 | €52,654 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €2,225 | €2,188 | €2,560 | €818 | ▼ 68.0% |
| Gross operating margin9900 | €97,237 | €99,942 | €131,340 | €308,427 | -€38,476 | -€797 | €46,466 | - |
| Operating profit (loss)9901 | -€31,563 | -€41,354 | -€3,427 | €130,425 | -€40,745 | -€3,356 | €45,648 | - |
| Financial income75/76B | - | - | - | €771 | €0 | - | €0 | - |
| Recurring financial income75 | €0 | €3 | €1,021 | €16 | €0 | - | €0 | - |
| Non-recurring financial income76B | - | - | - | €754 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €4,959 | €1,147 | €139 | €95 | ▼ 31.4% |
| Recurring financial charges65 | €4,399 | €4,600 | €2,856 | €2,697 | €1,147 | €139 | €95 | ▼ 31.4% |
| Non-recurring financial charges66B | - | - | - | €2,262 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€35,670 | -€46,468 | -€11,936 | €126,237 | -€41,892 | -€3,496 | €45,553 | - |
| Income taxes67/77 | - | - | - | €175 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€35,670 | -€46,468 | -€11,936 | €126,062 | -€41,892 | -€3,496 | €45,553 | - |
| Profit (loss) for the period to be appropriated9905 | -€35,670 | -€46,468 | -€11,936 | €126,062 | -€41,892 | -€3,496 | €45,553 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €155,431 | €82,079 | €121,752 | €192,468 | €30,334 | €6,400 | €4,938 | ▼ 22.9% |
| Formation expenses20 | €727 | €485 | - | - | - | - | - | - |
| Fixed assets21/28 | €49,636 | €32,877 | €25,178 | - | - | - | - | - |
| Tangible fixed assets22/27 | €49,611 | €32,852 | €25,153 | - | - | - | - | - |
| Financial fixed assets28 | €25 | €25 | €25 | - | - | - | - | - |
| Current assets29/58 | €105,067 | €48,717 | €96,574 | €192,468 | €30,334 | €6,400 | €4,938 | ▼ 22.9% |
| Stocks and contracts in progress3 | €40,479 | €31,552 | €62,494 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €10,155 | €13,519 | €30,608 | €189,754 | €18,430 | €5,756 | €4,938 | ▼ 14.2% |
| Trade receivables40 | - | - | - | €189,754 | €18,430 | €4,938 | €4,938 | = |
| Other amounts receivable41 | - | - | - | - | - | €818 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €54,433 | €3,646 | €3,472 | €2,714 | €11,904 | €644 | €0 | ▼ 100% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €155,431 | €82,079 | €121,752 | €192,468 | €30,334 | €6,400 | €4,938 | ▼ 22.9% |
| Equity10/15 | -€72,077 | -€118,544 | -€130,480 | -€4,419 | -€46,311 | -€57,445 | -€11,893 | ▲ 79.3% |
| Contributions10/11 | €7,650 | €7,650 | €7,650 | €7,650 | €7,650 | €7,650 | €7,650 | = |
| Capital10 | - | - | - | €7,650 | - | €7,650 | €7,650 | = |
| Issued capital100 | - | - | - | €20,000 | - | €20,000 | €20,000 | = |
| Uncalled capital101 | - | - | - | €12,350 | - | €12,350 | €12,350 | = |
| Contributions outside capital11 | - | - | - | - | - | €0 | €0 | - |
| Profit (loss) carried forward14 | -€79,727 | -€126,194 | -€138,130 | -€12,069 | -€53,961 | -€65,095 | -€19,543 | ▲ 70.0% |
| Amounts payable17/49 | €227,507 | €200,623 | €252,232 | €196,887 | €76,645 | €63,845 | €16,830 | ▼ 73.6% |
| Amounts payable after more than one year17 | €64,359 | €39,077 | €26,205 | - | - | - | - | - |
| Amounts payable within one year42/48 | €163,148 | €161,547 | €202,917 | €196,887 | €76,645 | €63,845 | €16,830 | ▼ 73.6% |
| Trade debts44 | €55,367 | €82,719 | €76,605 | €112,897 | €2,131 | €0 | - | - |
| Suppliers440/4 | - | - | - | €112,897 | €2,131 | €0 | - | - |
| Advances received on contracts in progress46 | - | - | - | - | €49,322 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €67,773 | €9,649 | €0 | - | - |
| Taxes450/3 | - | - | - | €9,597 | €9,649 | €0 | - | - |
| Remuneration and social security454/9 | - | - | - | €58,176 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €16,216 | €15,543 | €63,845 | €16,830 | ▼ 73.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,670 | -€46,468 | -€11,936 | €126,062 | -€41,892 | -€3,496 | €45,553 | - |
| + Depreciation and write-downs630 | €17,730 | €17,001 | €52,654 | - | - | - | - | - |
| Operating cash flow (approximation) | -€17,940 | -€29,466 | €40,718 | €126,062 | -€41,892 | -€3,496 | €45,553 | - |
| Investment in fixed assets (approximation) | - | -€242 | -€44,956 | - | - | - | - | - |
| Change in cash | - | -€50,788 | -€174 | -€758 | €9,190 | - | -€644 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,632 companies had the same profile as FALGRYMACO has now. Two years later, 2.9% had gone bankrupt and 91.9% were still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FALGRYMACO itself: 2.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for FALGRYMACO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00437315 | |
| 31-12-2024 | micro format | 16-12-2025 | 2025-00583568 | |
| 31-12-2022 | micro format | 19-03-2024 | 2024-00048076 | |
| 31-12-2021 | micro format | 19-07-2022 | 2022-20224889 | |
| 31-12-2020 | micro format | 07-03-2022 | 2022-07200374 | |
| 31-12-2019 | micro format | 20-08-2021 | 2021-50900197 | |
| 31-12-2018 | micro format | 07-08-2021 | 2021-47000300 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-61700354 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-54400548 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Fanny Michon |
|
| LESY Yolande |
|
| Claude Michon |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “2”
Articles of association, deed of 09-03-2023 (in French)
Network & group
FALGRYMACO shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of FALGRYMACO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-03
Gazette deed
Registered office moved within LessinesResignation: Claude Michon (director)6 points ▸
- General meeting, 24-01-2023
- Registered-office move, 7861 Lessines, Marais de Wannebecq (W), 1
- Other provision, “radiation unité d'établissement, 1600 Sint-Pietersl-Leeuw, Bergensesteenweg”, 458 (deed in French)
- Director resignation, Claude Michon (director (not named in the articles))
- Other provision, “non-replacement of administrator” (deed in French)
- Director in office, Fanny Michon (administrateur non statutaire)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55512C0124/00H000 | Wallonia | 3,395 m² | 1 · 142 m² | 7.0 m · 2 |