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FBM

Active
Private limited companyfounded 20178 yrs activeRue Voie des Vaux 331, 4420 Saint-Nicolas, BelgiumKBO/BCE: BE 0686.922.920
Summary

FBM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €403,643 and a net result of -€22,960. Equity remains stable across the filed fiscal years (±0.3% per year). The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability25▲+3
Solvency70▼-8
Growth58=
Track record100
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.08 against 0.3 in 2024; short-term debt: 55% and cash: 1.9% of total assets), and 55% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€22,960
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filings
Deviation from the deadline
2025
30 d late
2024
27 d early
2023
24 d early
2022
18 d early
2021
30 d late
2020
60 d late
2019
4 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 7 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 13 July (5 of the last 5 filed years within 48 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 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

History

On 29 December 2017, FBM was incorporated.1 Total assets went from EUR 465,220 in 2018 to EUR 897,816 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€403,643▼ 5.4%
2024 · €426,602
Total assets
€897,816▲ 11.7%
2024 · €803,665
Net result
-€22,960▲ 10.0%
2024 · -€25,504
Working capital
-€456,345▼ 73.5%
2024 · -€262,985
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€10,383▼ 27.8%€65,256▲ 528%€23,541▼ 63.9%€1,330▼ 94.3%€5,128▲ 286%
Net result-€4,115▼ 1,273%€50,989€4,335▼ 91.5%-€25,504-€22,960▲ 10.0%
Equity€396,783▼ 1.0%€447,772▲ 12.9%€452,107▲ 1.0%€426,602▼ 5.6%€403,643▼ 5.4%
Total assets€776,287▼ 0.8%€824,051▲ 6.2%€822,280▼ 0.2%€803,665▼ 2.3%€897,816▲ 11.7%
Debt€379,505▼ 0.5%€376,279▼ 0.9%€370,173▼ 1.6%€377,063▲ 1.9%€494,173▲ 31.1%
Working capital-€321,711▲ 4.5%-€153,664▲ 52.2%-€63,303▲ 58.8%-€262,985▼ 315%-€456,345▼ 73.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000-€25,000€0€25,000€50,000€75,000Operating result 2021: €10,383€10,383Net result 2021: -€4,115-€4,115Operating result 2022: €65,256€65,256Net result 2022: €50,989€50,989Operating result 2023: €23,541€23,541Net result 2023: €4,335€4,335Operating result 2024: €1,330€1,330Net result 2024: -€25,504-€25,504Operating result 2025: €5,128€5,128Net result 2025: -€22,960-€22,96020212022202320242025-€40,000-€20,000€0€20,000Operating result 2023: €23,541€23,500Net result 2023: €4,335€4,330Operating result 2024: €1,330€1,330Net result 2024: -€25,504-€25,500Operating result 2025: €5,128€5,130Net result 2025: -€22,960-€23,000202320242025
The operating result recovers in 2025; 2025 is 286% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €897,816
Fixed assets €860,732 ▲ 24.5%
Current assets €37,084 ▼ 67.0%
Equity and liabilities €897,816
Equity €403,643 ▼ 5.4%
Debt €494,173 ▲ 31.1%
Debt's share of the balance-sheet total rises from 46.9% to 55.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€32,478▲
2024 · €24,353
Cash flow
€4,391▲
2024 · -€2,481
Current ratio
0.08▼
2024 · 0.30
Debt to equity
1.22▲
2024 · 0.88
ROE
-5.7%▲
2024 · -6.0%
ROA
-2.6%▲
2024 · -3.2%
Interest coverage
1.14▲
2024 · 0.89
Debt ≤ 1 year
€493,428▲
2024 · €375,443
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 928 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
1.5% went bankrupt
5.6% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 928 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€803,665€897,816▲
Fixed assets21/28€691,208€860,732▲
Tangible fixed assets22/27€691,208€860,732▲
Land and buildings22€691,208€860,732▲
Current assets29/58€112,458€37,084▼
Amounts receivable within one year40/41€18,325€18,737▲
Other amounts receivable41€18,325€18,737▲
Cash at bank and in hand54/58€93,099€17,239▼
Deferred charges and accrued income490/1€1,034€1,108▲
Equity and liabilities
Total equity and liabilities10/49€803,665€897,816▲
Equity10/15€426,602€403,643▼
Contributions10/11€540,000€540,000=
Profit (loss) carried forward14-€113,398-€136,357▼
Amounts payable17/49€377,063€494,173▲
Amounts payable within one year42/48€375,443€493,428▲
Trade debts44€64-
Suppliers440/4€64-
Taxes, remuneration and social security45€8,133€8,505▲
Taxes450/3€8,133€8,505▲
Other amounts payable47/48€367,246€484,923▲
Accrued charges and deferred income492/3€1,620€745▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,023€27,350▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2,063-
Other operating charges640/8€6,537€7,788▲
Gross operating margin9900€32,952€40,266▲
Operating profit (loss)9901€1,330€5,128▲
Financial income75/76B€413€413=
Recurring financial income75€413€413=
Financial charges65/66B€27,247€28,500▲
Recurring financial charges65€27,247€28,500▲
Profit (loss) for the period before taxes9903-€25,504-€22,960▲
Profit (loss) for the period9904-€25,504-€22,960▲
Profit (loss) for the period to be appropriated9905-€25,504-€22,960▲
Appropriation of the result
Profit (loss) to be appropriated9906-€113,398-€136,357▼
Profit (loss) brought forward from the previous period14P-€87,894-€113,398▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,937€20,010€18,443€23,023€27,350▲ 18.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€2,063--
Provisions for liabilities and charges: additions (uses and reversals)635/8-€215-----
Other operating charges640/8€7,571€7,312€6,486€6,537€7,788▲ 19.1%
Gross operating margin9900€40,677€92,579€48,471€32,952€40,266▲ 22.2%
Operating profit (loss)9901€10,383€65,256€23,541€1,330€5,128▲ 286%
Financial income75/76B€250€489€413€413€413=
Recurring financial income75€250€489€413€413€413=
Financial charges65/66B€14,748€14,756€19,619€27,247€28,500▲ 4.6%
Recurring financial charges65€14,748€14,756€19,619€27,247€28,500▲ 4.6%
Profit (loss) for the period before taxes9903-€4,115€50,989€4,335-€25,504-€22,960▲ 10.0%
Profit (loss) for the period9904-€4,115€50,989€4,335-€25,504-€22,960▲ 10.0%
Profit (loss) for the period to be appropriated9905-€4,115€50,989€4,335-€25,504-€22,960▲ 10.0%
Line20212022202320242025Change
Assets
Total assets20/58€776,287€824,051€822,280€803,665€897,816▲ 11.7%
Fixed assets21/28€720,790€602,926€517,780€691,208€860,732▲ 24.5%
Tangible fixed assets22/27€720,790€602,926€517,780€691,208€860,732▲ 24.5%
Land and buildings22€720,790€602,926€517,780€691,208€860,732▲ 24.5%
Current assets29/58€55,498€221,125€304,500€112,458€37,084▼ 67.0%
Amounts receivable within one year40/41€20,507€17,496€18,084€18,325€18,737▲ 2.3%
Other amounts receivable41€20,507€17,496€18,084€18,325€18,737▲ 2.3%
Cash at bank and in hand54/58€30,845€201,668€285,466€93,099€17,239▼ 81.5%
Deferred charges and accrued income490/1€4,145€1,961€950€1,034€1,108▲ 7.1%
Equity and liabilities
Total equity and liabilities10/49€776,287€824,051€822,280€803,665€897,816▲ 11.7%
Equity10/15€396,783€447,772€452,107€426,602€403,643▼ 5.4%
Contributions10/11€540,000€540,000€540,000€540,000€540,000=
Profit (loss) carried forward14-€143,217-€92,228-€87,894-€113,398-€136,357▼ 20.2%
Amounts payable17/49€379,505€376,279€370,173€377,063€494,173▲ 31.1%
Amounts payable within one year42/48€377,209€374,789€367,803€375,443€493,428▲ 31.4%
Trade debts44€2,092€932€64€64--
Suppliers440/4€2,092€932€64€64--
Taxes, remuneration and social security45€4,388€4,386€5,841€8,133€8,505▲ 4.6%
Taxes450/3€4,388€4,386€5,841€8,133€8,505▲ 4.6%
Other amounts payable47/48€370,728€369,471€361,898€367,246€484,923▲ 32.0%
Accrued charges and deferred income492/3€2,296€1,490€2,370€1,620€745▼ 54.0%
Line20212022202320242025Change
Profit (loss) for the period9904-€4,115€50,989€4,335-€25,504-€22,960▲ 10.0%
+ Depreciation and write-downs630€22,937€20,010€18,443€23,023€27,350▲ 18.8%
Operating cash flow (approximation)€18,823€70,999€22,777-€2,481€4,391▲ 277%
Investment in fixed assets (approximation)-€97,854€66,703-€196,451-€196,875▼ 0.2%
Change in cash-€170,823€83,798-€192,367-€75,861▲ 60.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
04-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
07-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €50,989
Net result €50,989 after 4 loss-making years.
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
29-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
27-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Saint-Nicolas · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
1,332 m²
Building footprint
170 m²
Volume, LiDAR
392 m³
2 parcels, Wallonia · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FBM
Rue Lieutenant Jungling 8, 4671 BlégnyReal estate activities
since 20182.273.913.095
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62010A0173/00X000 Wallonia 778 m² 1 · 80 m² 6.1 m · 2 fl.
62073B1320/00G000 Wallonia 555 m² 1 · 90 m² -
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.

Identification & contact

Identification
Legal formPrivate limited company
Founded29-12-2017
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.