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FGRMD

Active
Private limited companyfounded 2025active for 1 yearHeidje 8, 9681 Maarkedal, BelgiumKBO/BCE: BE 1020.260.945

From the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette

Summary

FGRMD has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €372,311 and a net result of €371,311. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Latest annual accounts filed

Annual accounts 2025

View at the NBB
Financial year ended
31-12-2025
Filed on
27-07-2026
Format
micro format
Reference
2026-00369685
Turnover
≈ €1.1m
Estimated: probably between €750,000 and €1.6m
Total assets
€420,419
Net result
€371,311
Working capital
€373,491

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €420,419
Equity €372,311
Debt €48,108
Debt finances 11.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€540,069
Cash flow
€372,860
Current ratio
8.96
Debt to equity
0.13
ROE
99.7%
ROA
88.3%
Interest coverage
over 100
Debt ≤ 1 year
€46,929
Income taxes
€167,428

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,279 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 · 33 lines

Source: Annual accounts 2025 at the NBB, filed with the National Bank on 27-07-2026.

Balance sheet Code2025
Assets
Total assets20/58€420,419
Current assets29/58€420,419
Current investments50/53€150,000
Cash at bank and in hand54/58€162,916
Deferred charges and accrued income490/1€107,503
Equity and liabilities
Total equity and liabilities10/49€420,419
Equity10/15€372,311
Contributions10/11€1,000
Reserves13€371,311
Distributable reserves133€371,311
Amounts payable17/49€48,108
Amounts payable within one year42/48€46,929
Trade debts44€1,020
Suppliers440/4€1,020
Taxes, remuneration and social security45€42,342
Taxes450/3€42,342
Other amounts payable47/48€3,567
Accrued charges and deferred income492/3€1,180
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,549
Other operating charges640/8€109
Gross operating margin9900€540,178
Operating profit (loss)9901€538,520
Financial income75/76B€289
Recurring financial income75€289
Financial charges65/66B€70
Recurring financial charges65€70
Profit (loss) for the period before taxes9903€538,739
Income taxes67/77€167,428
Profit (loss) for the period9904€371,311
Profit (loss) for the period to be appropriated9905€371,311
Appropriation of the result
Profit (loss) to be appropriated9906€371,311
Transfer to equity691/2€371,311
To other reserves6921€371,311

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the accounts filed with the National Bank.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,549
Other operating charges640/8€109
Gross operating margin9900€540,178
Operating profit (loss)9901€538,520
Financial income75/76B€289
Recurring financial income75€289
Financial charges65/66B€70
Recurring financial charges65€70
Profit (loss) for the period before taxes9903€538,739
Income taxes67/77€167,428
Profit (loss) for the period9904€371,311
Profit (loss) for the period to be appropriated9905€371,311
Line2025
Assets
Total assets20/58€420,419
Current assets29/58€420,419
Current investments50/53€150,000
Cash at bank and in hand54/58€162,916
Deferred charges and accrued income490/1€107,503
Equity and liabilities
Total equity and liabilities10/49€420,419
Equity10/15€372,311
Contributions10/11€1,000
Reserves13€371,311
Distributable reserves133€371,311
Amounts payable17/49€48,108
Amounts payable within one year42/48€46,929
Trade debts44€1,020
Suppliers440/4€1,020
Taxes, remuneration and social security45€42,342
Taxes450/3€42,342
Other amounts payable47/48€3,567
Accrued charges and deferred income492/3€1,180
Line2025
Profit (loss) for the period9904€371,311
+ Depreciation and write-downs630€1,549
Operating cash flow (approximation)€372,860

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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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 27-07-2026 2026-00369685 NBB

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.