FDM
ActiveSummary
FDM has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €18k. Its solvency ranks better than 24% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+20
Solvency46▲+18
Growth78
Track record82
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.44 in 2024; short-term debt: 58.3% and cash: 18.8% of total assets), and 78.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
46 d early
2024
43 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▲ 610%
2024 · €3k
2024: €3k
2025: €21k▲ +610% vs 2024
2024 → 2025
Total assets
€98k▼ 13.7%
2024 · €113k
2024: €113k
2025: €98k▼ -13.7% vs 2024
2024 → 2025
Net result
€18k▲ 831%
2024 · €2k
2024: €2k
2025: €18k▲ +831% vs 2024
2024 → 2025
Working capital
€-17k▲ 57.0%
2024 · €-38k
2024: €-38k
2025: €-17k▲ +57.0% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€3k-€21k▲ 610%
2024: €3k
2025: €21k▲ +610% vs 2024
Operating result€3k-€29k▲ 862%
2024: €3k
2025: €29k▲ +862% vs 2024
Net result€2k-€18k▲ 831%
2024: €2k
2025: €18k▲ +831% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 862% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98k
Fixed assets
€57k ▼ 31.4%
Current assets
€40k ▲ 36.3%
Equity and liabilities €98k
Equity
€21k ▲ 610%
Debt
€77k ▼ 30.1%
Debt's share of the balance-sheet total falls from 97.4% to 78.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▲
2024 · €4k
Cash flow
€44k▲
2024 · €3k
Current ratio
0.71▲
2024 · 0.44
Quick ratio
0.63▲
2024 · 0.31
Debt to equity
3.74▼
2024 · 38.00
ROE
85.9%▲
2024 · 65.5%
ROA
18.1%▲
2024 · 1.7%
Interest coverage
13.25▲
2024 · 9.12
Debt ≤ 1 year
€57k▼
2024 · €68k
Debt > 1 year
€20k▼
2024 · €42k
Income taxes
€7k▲
2024 · €710
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€113k€98k▼
Fixed assets21/28€84k€57k▼
Intangible fixed assets21€1€1▼
Tangible fixed assets22/27€84k€57k▼
Plant, machinery and equipment23€21k€13k▼
Furniture and vehicles24€1k€612▼
Leasing and similar rights25€62k€44k▼
Current assets29/58€30k€40k▲
Stocks and contracts in progress3€8k€5k▼
Stocks30/36€8k€5k▼
Amounts receivable within one year40/41€11k€16k▲
Trade receivables40€11k€13k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€9k€18k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€113k€98k▼
Equity10/15€3k€21k▲
Contributions10/11€1k€1k=
Reserves13€2k€20k▲
Distributable reserves133€2k€20k▲
Amounts payable17/49€110k€77k▼
Amounts payable after more than one year17€42k€20k▼
Financial debts170/4€42k€20k▼
Amounts payable within one year42/48€68k€57k▼
Current portion of amounts payable after more than one year42€20k€22k▲
Trade debts44€6k€7k▲
Suppliers440/4€6k€7k▲
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€2k€7k▲
Other amounts payable47/48€41k€21k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€851€26k▲
Other operating charges640/8€153€2k▲
Gross operating margin9900€4k€57k▲
Operating profit (loss)9901€3k€29k▲
Financial income75/76B-€59
Recurring financial income75-€59
Financial charges65/66B€427€4k▲
Recurring financial charges65€427€4k▲
Profit (loss) for the period before taxes9903€3k€25k▲
Income taxes67/77€710€7k▲
Profit (loss) for the period9904€2k€18k▲
Profit (loss) for the period to be appropriated9905€2k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€18k▲
Transfer to equity691/2€2k€18k▲
To other reserves6921€2k€18k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €851 | €26k | ▲ 2,984% |
| Other operating charges640/8 | €153 | €2k | ▲ 1,123% |
| Gross operating margin9900 | €4k | €57k | ▲ 1,319% |
| Operating profit (loss)9901 | €3k | €29k | ▲ 862% |
| Financial income75/76B | - | €59 | - |
| Recurring financial income75 | - | €59 | - |
| Financial charges65/66B | €427 | €4k | ▲ 881% |
| Recurring financial charges65 | €427 | €4k | ▲ 881% |
| Profit (loss) for the period before taxes9903 | €3k | €25k | ▲ 861% |
| Income taxes67/77 | €710 | €7k | ▲ 941% |
| Profit (loss) for the period9904 | €2k | €18k | ▲ 831% |
| Profit (loss) for the period to be appropriated9905 | €2k | €18k | ▲ 831% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €113k | €98k | ▼ 13.7% |
| Fixed assets21/28 | €84k | €57k | ▼ 31.4% |
| Intangible fixed assets21 | €1 | €1 | ▼ 10.2% |
| Tangible fixed assets22/27 | €84k | €57k | ▼ 31.4% |
| Plant, machinery and equipment23 | €21k | €13k | ▼ 39.0% |
| Furniture and vehicles24 | €1k | €612 | ▼ 45.3% |
| Leasing and similar rights25 | €62k | €44k | ▼ 28.6% |
| Current assets29/58 | €30k | €40k | ▲ 36.3% |
| Stocks and contracts in progress3 | €8k | €5k | ▼ 42.3% |
| Stocks30/36 | €8k | €5k | ▼ 42.3% |
| Amounts receivable within one year40/41 | €11k | €16k | ▲ 49.3% |
| Trade receivables40 | €11k | €13k | ▲ 25.1% |
| Other amounts receivable41 | - | €3k | - |
| Cash at bank and in hand54/58 | €9k | €18k | ▲ 109% |
| Deferred charges and accrued income490/1 | €2k | €1k | ▼ 36.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €113k | €98k | ▼ 13.7% |
| Equity10/15 | €3k | €21k | ▲ 610% |
| Contributions10/11 | €1k | €1k | = |
| Reserves13 | €2k | €20k | ▲ 931% |
| Distributable reserves133 | €2k | €20k | ▲ 931% |
| Amounts payable17/49 | €110k | €77k | ▼ 30.1% |
| Amounts payable after more than one year17 | €42k | €20k | ▼ 52.3% |
| Financial debts170/4 | €42k | €20k | ▼ 52.3% |
| Amounts payable within one year42/48 | €68k | €57k | ▼ 16.4% |
| Current portion of amounts payable after more than one year42 | €20k | €22k | ▲ 10.8% |
| Trade debts44 | €6k | €7k | ▲ 16.2% |
| Suppliers440/4 | €6k | €7k | ▲ 16.2% |
| Taxes, remuneration and social security45 | €2k | €7k | ▲ 239% |
| Taxes450/3 | €2k | €7k | ▲ 239% |
| Other amounts payable47/48 | €41k | €21k | ▼ 47.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €18k | ▲ 831% |
| + Depreciation and write-downs630 | €851 | €26k | ▲ 2,984% |
| Operating cash flow (approximation) | €3k | €44k | ▲ 1,497% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €10k | - |
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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2024
Ground area
838 m²
Building footprint
607 m²
Volume, LiDAR
2,165 m³
Parcel 34453F0137/00F000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FDM
since 20242.358.877.177
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F0137/00F000 | Flanders | 838 m² | 1 · 607 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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
Pellegroms Innovation and Management
BE 1022.287.948
Ranst · Eq €20,562
KR Service Line
BE 1015.189.924
Harelbeke · Eq €20,668
ESPECO
BE 0546.813.150
Bütgenbach · Eq €20,460
GOSWIN139
BE 0637.764.013
Mechelen · Eq €20,460
IIMF
BE 1009.397.539
Mechelen · Eq €20,456
Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 1,601 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
Founded22-04-2024
Fiscal year end30-06
Activities, NACEBEL 2025
70100Activities of head offices
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43320Joinery installation
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.