FEMI
ActiveSummary
The computed 12-month bankruptcy probability of FEMI is 2.4% (moderate). For FEMI, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €3k and a net result of €-7k. Equity is shrinking by ~20.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 61% of 33673 sector peers (fiscal year 2023). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-94
Solvency80▼-20
Growth32=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
55%
Return on assets
-122.4%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-06-2024, 33 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
33 d early
2022
30 d late
2021
61 d late
2020
70 d late
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2023, micro schema
Equity
€3k▼ 69.0%
2022 · €10k
Total assets
€6k▼ 43.9%
2022 · €10k
Net result
€-7k
2022 · €2k
Working capital
€3k▼ 69.0%
2022 · €10k
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
Line20192020202120222023
Operating result€14k▲ 64.8%€-7k€-4k▲ 42.1%€2k€-4k
Net result€12k▲ 57.9%€-7k€-5k▲ 33.3%€2k€-7k
Equity€20k▲ 34.9%€13k▼ 36.0%€8k▼ 37.6%€10k▲ 29.5%€3k▼ 69.0%
Total assets€57k▲ 77.1%€18k▼ 67.9%€11k▼ 41.6%€10k▼ 2.7%€6k▼ 43.9%
Debt€37k▲ 113%€5k▼ 85.2%€3k▼ 51.0%€56▼ 97.9%€3k▲ 4,562%
Working capital€20k▲ 70.1%€13k▼ 35.3%€8k▼ 38.6%€10k▲ 29.4%€3k▼ 69.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €4k after €2k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €6k
Equity
€3k ▼ 69.0%
Debt
€3k ▲ 4,562%
Debt's share of the balance-sheet total rises from 0.5% to 45.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
2.22
Debt to equity
0.82▲
2022 · 0.01
ROE
-222.6%▼
2022 · 22.8%
ROA
-122.4%▼
2022 · 22.6%
Debt ≤ 1 year
€3k▲
2022 · €56
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | - | - | - | - | - |
| Other operating charges640/8 | - | - | €319 | €102 | €356 | ▲ 249% |
| Gross operating margin9900 | €17k | €-4k | €-4k | €2k | €-4k | ▼ 301% |
| Operating profit (loss)9901 | €14k | €-7k | €-4k | €2k | €-4k | ▼ 332% |
| Financial income75/76B | - | - | €547 | €868 | €319 | ▼ 63.3% |
| Recurring financial income75 | €928 | €426 | €547 | €868 | €319 | ▼ 63.3% |
| Financial charges65/66B | - | - | €502 | €297 | €3k | ▲ 1,017% |
| Recurring financial charges65 | €533 | €1k | €502 | €297 | €3k | ▲ 1,017% |
| Profit (loss) for the period before taxes9903 | €15k | €-7k | €-4k | €2k | €-7k | ▼ 403% |
| Income taxes67/77 | €2k | - | €1k | - | - | - |
| Profit (loss) for the period9904 | €12k | €-7k | €-5k | €2k | €-7k | ▼ 403% |
| Profit (loss) for the period to be appropriated9905 | €12k | €-7k | €-5k | €2k | €-7k | ▼ 403% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57k | €18k | €11k | €10k | €6k | ▼ 43.9% |
| Fixed assets21/28 | €2k | - | - | - | - | - |
| Tangible fixed assets22/27 | €2k | - | - | - | - | - |
| Current assets29/58 | €55k | €18k | €11k | €10k | €6k | ▼ 43.9% |
| Amounts receivable within one year40/41 | €12k | €8k | €6k | €8k | €6k | ▼ 29.3% |
| Trade receivables40 | - | - | €480 | €3k | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €5k | €5k | €6k | ▲ 11.8% |
| Cash at bank and in hand54/58 | €20k | €9k | €4k | €2k | €1 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | - | €412 | €645 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57k | €18k | €11k | €10k | €6k | ▼ 43.9% |
| Equity10/15 | €20k | €13k | €8k | €10k | €3k | ▼ 69.0% |
| Contributions10/11 | €6k | - | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €12k | €5k | €-85 | €2k | €-5k | ▼ 314% |
| Amounts payable17/49 | €37k | €5k | €3k | €56 | €3k | ▲ 4,562% |
| Amounts payable within one year42/48 | €35k | €5k | €3k | €56 | €3k | ▲ 4,562% |
| Trade debts44 | €2k | €3k | €2k | - | - | - |
| Suppliers440/4 | - | - | €2k | - | - | - |
| Taxes, remuneration and social security45 | - | - | €414 | €56 | €307 | ▲ 446% |
| Taxes450/3 | - | - | €414 | €56 | €307 | ▲ 446% |
| Other amounts payable47/48 | - | - | - | - | €2k | - |
| Accrued charges and deferred income492/3 | - | - | €4 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €-7k | €-5k | €2k | €-7k | ▼ 403% |
| + Depreciation and write-downs630 | €2k | - | - | - | - | - |
| Operating cash flow (approximation) | €14k | €-7k | €-5k | €2k | €-7k | ▼ 403% |
| Change in cash | - | €-11k | €-4k | €-3k | €-2k | ▲ 49.4% |
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
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-12
Financial
Liquidity times 47current ratio 184.70
Current ratio from 3.97 to 184.70; short-term debt falls from €3k to €56.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
09-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 70 days late
2020
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.46
Current ratio from 1.57 to 3.46; short-term debt falls from €35k to €5k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Highest result since 2018net €12k ▲57.9%
Operating result €14k, net result €12k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 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, Lokeren · 1 establishment unit since 2014
Ground area
3,920 m²
Building footprint
508 m²
Volume, LiDAR
2,810 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FEMI
since 20142.237.576.796
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46007C0384/00E000 | Flanders | 2,374 m² | 1 · 332 m² | 10.2 m · 2 fl. |
| 46011A0232/00B000 | Flanders | 1,546 m² | 1 · 176 m² | 7.9 m · 2 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.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 2,685 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
Founded19-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.