FEMACO
ActiveThe computed 12-month bankruptcy probability of FEMACO is 1.7% (moderate). The 2025 annual accounts show negative equity (€-1.10M) and a net result of €-206k. Equity is shrinking by ~47.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 674 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
27
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▼-30
Solvency0=
Growth43▼-4
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.62 against 0.74 in 2024; short-term debt: 103.5% and cash: 0% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
-43.7%
Return on assets
-8.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-1.10M
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 · 7 filingsDeviation from the deadline
2025
27 d late
2024
27 d late
2023
29 d late
2022
60 d late
2021
25 d late
2020
18 d early
2019
62 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.49M▼ 4.3%
2024 · €2.60M
2019: €1.45M
2020: €1.41M
2021: €1.62M
2022: €2.10M
2023: €2.67M
2024: €2.60M
2019 → 2025
EBIT margin
-4.2%▼ 1.5pp
2024 · -2.6%
2019: -6.7%
2020: -19.9%
2021: -18.5%
2022: -17.7%
2023: -8.4%
2024: -2.6%
2019 → 2025
Net result
€-206k▼ 56.4%
2024 · €-132k
2019: €-120k
2020: €-319k
2021: €-342k
2022: €-434k
2023: €-299k
2024: €-132k
2019 → 2025
Working capital
€-996k▼ 62.6%
2024 · €-613k
2019: €1.32M
2020: €507k
2021: €689k
2022: €-91k
2023: €-160k
2024: €-613k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.62M-€2.10M▲ 29.6%€2.67M▲ 27.3%€2.60M▼ 2.7%€2.49M▼ 4.3%
Equity€-32k-€-466k▼ 1,371%€-765k▼ 64.1%€-897k▼ 17.2%€-1.10M▼ 23.0%
Operating result€-300k-€-372k▼ 24.1%€-225k▲ 39.7%€-69k▲ 69.5%€-103k▼ 50.8%
Net result€-342k-€-434k▼ 26.9%€-299k▲ 31.2%€-132k▲ 55.9%€-206k▼ 56.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €103k in 2025 against €69k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.52M
Fixed assets
€909k▼ 23.6%
Current assets
€1.62M▼ 5.9%
Key figures and ratios
EBITDA
€300k▼
2024 · €528k
Cash flow
€197k▼
2024 · €465k
Solvency
-43.7%▼
2024 · -30.8%
Current ratio
0.62▼
2024 · 0.74
Quick ratio
0.01▼
2024 · 0.02
Debt / equity
-3.29▲
2024 · -4.24
ROA
-8.2%▼
2024 · -4.5%
Interest coverage
2.92▼
2024 · 8.36
Debt
€3.63M▼
2024 · €3.80M
Debt ≤ 1 year
€2.61M▲
2024 · €2.33M
Debt > 1 year
€1.01M▼
2024 · €1.46M
Staff costs
€344k▼
2024 · €409k
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€2.91M€2.52M▼
Fixed assets21/28€1.19M€909k▼
Intangible fixed assets21€80k€55k▼
Tangible fixed assets22/27€1.11M€854k▼
Land and buildings22€5k€4k▼
Plant, machinery and equipment23€1.10M€849k▼
Furniture and vehicles24€3k€912▼
Current assets29/58€1.72M€1.62M▼
Stocks and contracts in progress3€1.66M€1.60M▼
Stocks30/36€1.66M€1.60M▼
Raw materials and consumables30/31€1.38M€1.36M▼
Work in progress32€108k€84k▼
Finished goods33€176k€155k▼
Amounts receivable within one year40/41€54k€13k▼
Trade receivables40€41k€10k▼
Other amounts receivable41€13k€3k▼
Cash at bank and in hand54/58€664€575▼
Deferred charges and accrued income490/1€335-
Equity and liabilities
Total equity and liabilities10/49€2.91M€2.52M▼
Equity10/15€-897k€-1.10M▼
Contributions10/11€750k€750k=
Capital10€750k€750k=
Issued capital100€750k€750k=
Profit (loss) carried forward14€-1.65M€-1.85M▼
Amounts payable17/49€3.80M€3.63M▼
Amounts payable after more than one year17€1.46M€1.01M▼
Financial debts170/4€1.46M€1.01M▼
Credit institutions173€1.46M€1.01M▼
Amounts payable within one year42/48€2.33M€2.61M▲
Current portion of amounts payable after more than one year42€561k€484k▼
Trade debts44€351k€361k▲
Suppliers440/4€351k€361k▲
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€76k€62k▼
Taxes450/3€15k€18k▲
Remuneration and social security454/9€60k€45k▼
Other amounts payable47/48€1.34M€1.70M▲
Accrued charges and deferred income492/3€12k€1k▼
Income statement
Code20242025
Operating income70/76A€2.74M€2.56M▼
Turnover70€2.60M€2.49M▼
Other operating income74€142k€73k▼
Operating charges60/66A€2.81M€2.66M▼
Goods for resale, raw materials and consumables60€1.57M€1.39M▼
Purchases600/8€1.57M€1.34M▼
Change in stocks: decrease (increase)609€-3k€59k▲
Services and other goods61€236k€522k▲
Remuneration, social security and pensions62€409k€344k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€596k€404k▼
Other operating charges640/8€1k€1k▲
Operating profit (loss)9901€-69k€-103k▼
Financial income75/76B-€0
Recurring financial income75-€0
Other financial income752/9-€0
Financial charges65/66B€63k€103k▲
Recurring financial charges65€63k€103k▲
Debt charges650€63k€103k▲
Other financial charges652/9€6-
Profit (loss) for the period before taxes9903€-132k€-206k▼
Profit (loss) for the period9904€-132k€-206k▼
Profit (loss) for the period to be appropriated9905€-132k€-206k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.65M€-1.85M▼
Profit (loss) brought forward from the previous period14P€-1.51M€-1.65M▼
Social balance
Average headcount (FTE)90876.55.5▼
The notes to these accounts (50 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 · full schema · 27 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €-434k
Net result drops to €-434k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 62 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Deinze · 1 establishment unit since 2018
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.
Moorstraat 249850 DeinzeGround area
3.1 ha
Building footprint
1.1 ha
Volume, LiDAR
71,949 m³
Parcel 44030C0392/00H000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FEMACO
since 20182.281.733.077
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44030C0392/00H000 | Flanders | 3.1 ha | 1 · 1.1 ha | 9.9 m · 2 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
METAALONTWERPEN TINEL
BE 0473.464.918
Gent · Eq €311k
NIC-RACK
BE 0541.406.092
Oostkamp · Eq €311k
DMPS
BE 0630.883.941
Kuurne · Eq €310k
FALK CULINAIR
BE 0447.797.530
Haacht · Eq €311k
MACHINEBOUW QUAEGEBEUR
BE 0418.059.508
Roeselare · Eq €310k
Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,643 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-11-2018
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25402Manufacture of fabricated metal products, except machinery and equipment
25502Manufacture of fabricated metal products, except machinery and equipment
25510Coating of metals
25530Machining of metals
25610Manufacture of fabricated metal products, except machinery and equipment
46820Wholesale trade
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.