FBGM
ActiveSummary
FBGM has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225,546 and a net result of €52,517. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-15
Solvency100▲+23
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 2.45 against 0.99 in 2024; short-term debt: 10.6% and cash: 2.8% of total assets), and 23.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
76.7%
Return on assets
17.8%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
27 d late
2023
68 d late
2022
25 d late
2021
30 d late
2020
29 d late
2019
58 d late
← 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 38 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€225,546▲ 30.4%
2024 · €173,029
Total assets
€294,244▼ 12.2%
2024 · €335,319
Net result
€52,517▲ 64.3%
2024 · €31,965
Working capital
€45,248
2024 · -€1,212
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€14,623-€23,531▼ 60.9%-€15,602▲ 33.7%€3,484€4,297▲ 23.4%
Net result€43,329within the sector's middle half▼ 16.5%€36,616within the sector's middle half▼ 15.5%€50,822within the sector's middle half▲ 38.8%€31,965within the sector's middle half▼ 37.1%€52,517within the sector's middle half▲ 64.3%
Equity€146,227within the sector's middle half▲ 42.1%€182,843within the sector's middle half▲ 25.0%€224,314within the sector's middle half▲ 22.7%€173,029within the sector's middle half▼ 22.9%€225,546within the sector's middle half▲ 30.4%
Total assets€229,018within the sector's middle half▼ 3.4%€231,102within the sector's middle half▲ 0.9%€244,599within the sector's middle half▲ 5.8%€335,319within the sector's middle half▲ 37.1%€294,244within the sector's middle half▼ 12.2%
Debt€82,791▼ 38.3%€48,260▼ 41.7%€20,285▼ 58.0%€162,289▲ 700%€68,698▼ 57.7%
Working capital€10,471€29,275▲ 180%€64,439▲ 120%-€1,212€45,248
Solvency63.8%within the sector's middle half▲ 20.4pp79.1%above the sector's middle half▲ 15.3pp91.7%above the sector's middle half▲ 12.6pp51.6%within the sector's middle half▼ 40.1pp76.7%within the sector's middle half▲ 25.1pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
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 three years in a row; 2025 is 23% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €294,244
Fixed assets
€217,714 ▼ 2.4%
Current assets
€76,529 ▼ 31.8%
Equity and liabilities €294,244
Equity
€225,546 ▲ 30.4%
Debt
€68,698 ▼ 57.7%
Debt's share of the balance-sheet total falls from 48.4% to 23.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9,757▼
2024 · €10,049
Cash flow
€57,976▲
2024 · €38,530
Current ratio
2.45▲
2024 · 0.99
Debt to equity
0.30▼
2024 · 0.94
ROE
23.3%▲
2024 · 18.5%
ROA
17.8%▲
2024 · 9.5%
Interest coverage
3.05▼
2024 · 11.13
Debt ≤ 1 year
€31,281▼
2024 · €113,357
Debt > 1 year
€37,417▼
2024 · €48,932
Income taxes
€266▼
2024 · €289
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10,645 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,706 | €9,847 | €3,602 | €6,566 | €5,460 | ▼ 16.8% |
| Other operating charges640/8 | €4,147 | €1,101 | €1,969 | €1,368 | €1,690 | ▲ 23.5% |
| Gross operating margin9900 | -€770 | -€12,583 | -€10,031 | €11,417 | €11,447 | ▲ 0.3% |
| Operating profit (loss)9901 | -€14,623 | -€23,531 | -€15,602 | €3,484 | €4,297 | ▲ 23.4% |
| Financial income75/76B | €60,000 | €62,634 | €68,217 | €29,673 | €51,687 | ▲ 74.2% |
| Recurring financial income75 | €60,000 | €62,634 | €68,217 | €29,673 | €51,687 | ▲ 74.2% |
| Financial charges65/66B | €1,622 | €1,887 | €1,308 | €903 | €3,202 | ▲ 255% |
| Recurring financial charges65 | €1,622 | €1,887 | €1,308 | €903 | €3,202 | ▲ 255% |
| Profit (loss) for the period before taxes9903 | €43,756 | €37,216 | €51,306 | €32,254 | €52,782 | ▲ 63.6% |
| Income taxes67/77 | €426 | €600 | €485 | €289 | €266 | ▼ 8.0% |
| Profit (loss) for the period9904 | €43,329 | €36,616 | €50,822 | €31,965 | €52,517 | ▲ 64.3% |
| Profit (loss) for the period to be appropriated9905 | €43,329 | €36,616 | €50,822 | €31,965 | €52,517 | ▲ 64.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €229,018 | €231,102 | €244,599 | €335,319 | €294,244 | ▼ 12.2% |
| Fixed assets21/28 | €171,216 | €163,099 | €161,406 | €223,174 | €217,714 | ▼ 2.4% |
| Tangible fixed assets22/27 | €33,084 | €24,967 | €23,274 | €16,709 | €11,249 | ▼ 32.7% |
| Furniture and vehicles24 | €30,858 | €23,012 | €21,589 | €15,293 | €10,104 | ▼ 33.9% |
| Other tangible fixed assets26 | €2,226 | €1,956 | €1,685 | €1,415 | €1,145 | ▼ 19.1% |
| Financial fixed assets28 | €138,132 | €138,132 | €138,132 | €206,465 | €206,465 | = |
| Current assets29/58 | €57,802 | €68,003 | €83,193 | €112,145 | €76,529 | ▼ 31.8% |
| Amounts receivable within one year40/41 | €24,229 | €25,541 | €63,535 | €87,307 | €67,950 | ▼ 22.2% |
| Trade receivables40 | €24,229 | €20,074 | €22,977 | €35,034 | €57,945 | ▲ 65.4% |
| Other amounts receivable41 | - | €5,467 | €40,558 | €52,273 | €10,005 | ▼ 80.9% |
| Cash at bank and in hand54/58 | €32,156 | €40,336 | €17,574 | €22,681 | €8,328 | ▼ 63.3% |
| Deferred charges and accrued income490/1 | €1,418 | €2,126 | €2,084 | €2,157 | €252 | ▼ 88.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €229,018 | €231,102 | €244,599 | €335,319 | €294,244 | ▼ 12.2% |
| Equity10/15 | €146,227 | €182,843 | €224,314 | €173,029 | €225,546 | ▲ 30.4% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €6,200 | - | - | - | - | - |
| Other1109/19 | €6,200 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €138,167 | €174,783 | €203,854 | €152,569 | €205,086 | ▲ 34.4% |
| Amounts payable17/49 | €82,791 | €48,260 | €20,285 | €162,289 | €68,698 | ▼ 57.7% |
| Amounts payable after more than one year17 | €35,460 | €9,531 | €1,531 | €48,932 | €37,417 | ▼ 23.5% |
| Financial debts170/4 | €35,460 | €9,531 | €1,531 | €48,932 | €37,417 | ▼ 23.5% |
| Amounts payable within one year42/48 | €47,331 | €38,729 | €18,754 | €113,357 | €31,281 | ▼ 72.4% |
| Current portion of amounts payable after more than one year42 | €26,508 | €25,928 | €8,000 | €12,598 | €11,515 | ▼ 8.6% |
| Trade debts44 | €28 | €766 | €1,794 | €468 | €1,329 | ▲ 184% |
| Suppliers440/4 | €28 | €766 | €1,794 | €468 | €1,329 | ▲ 184% |
| Taxes, remuneration and social security45 | €19,227 | €12,034 | €8,960 | €20,291 | €18,436 | ▼ 9.1% |
| Taxes450/3 | €16,727 | €12,034 | €8,960 | €17,291 | €15,436 | ▼ 10.7% |
| Remuneration and social security454/9 | €2,500 | - | - | €3,000 | €3,000 | = |
| Other amounts payable47/48 | €1,568 | - | - | €80,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,329 | €36,616 | €50,822 | €31,965 | €52,517 | ▲ 64.3% |
| + Depreciation and write-downs630 | €9,706 | €9,847 | €3,602 | €6,566 | €5,460 | ▼ 16.8% |
| Operating cash flow (approximation) | €53,035 | €46,463 | €54,424 | €38,530 | €57,976 | ▲ 50.5% |
| Investment in fixed assets (approximation) | - | -€1,731 | -€1,909 | -€68,333 | €0 | ▲ 100% |
| Change in cash | - | €8,180 | -€22,762 | €5,107 | -€14,353 | ▼ 381% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2019net €52,517 ▲64.3%
Net result €52,517, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.45
Current ratio from 0.99 to 2.45; short-term debt falls from €113,357 to €31,281.
31-12
Financial
Equity above €200,000Eq €225,546 ▲30.4%
7 profitable years in a row build equity to €225,546.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €31,965 ▼37.1%
Net result drops to €31,965, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 4.44
Current ratio from 1.76 to 4.44; short-term debt falls from €38,729 to €18,754.
31-12
Financial
Equity above €200,000Eq €224,314 ▲22.7%
5 profitable years in a row build equity to €224,314.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Equity above €150,000Eq €182,843 ▲25%
4 profitable years in a row build equity to €182,843.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Show earlier events
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Equity above €100,000Eq €102,897 ▲102%
2 profitable years in a row build equity to €102,897.
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Mons · 1 establishment unit since 2018
Ground area
3,113 m²
Building footprint
433 m²
Volume, LiDAR
5,936 m³
2 parcels, Wallonia · tallest building 15.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FBGM
since 20182.278.291.854
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53028C1317/00G000 | Wallonia | 2,659 m² | 1 · 390 m² | 15.9 m · 5 fl. |
| 53404B0665/00V004 | Wallonia | 454 m² | 1 · 43 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the 2025 annual accounts of FBGM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,278 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
E-mail
f.bognanni@outlook.com
Phone
0493563913
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700387213
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.