FIMAA
ActiveSummary
FIMAA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14,576 and a net result of €146,175. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 26041 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+36
Solvency29▲+29
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.44 in 2023; short-term debt: 95.7% and cash: 41.6% of total assets), and 95.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 · 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 2024Solvency, return and age of the figures
Solvency
4.3%
Return on assets
43.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
243 d late
2022
116 d late
2021
19 d late
2020
30 d late
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 100 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€146,175
2023 · -€4,710
Working capital
-€103,360▲ 4.9%
2023 · -€108,714
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
Line20202021202220232024
Operating result-€38,586€10,237-€75,687€3,621€156,446▲ 4,221%
Net result-€31,996▼ 694%€9,886-€73,836-€4,710▲ 93.6%€146,175
Equity€3,061▼ 91.3%€12,947▲ 323%-€60,889-€65,598▼ 7.7%€14,576
Total assets€81,345▼ 32.7%€145,053▲ 78.3%€61,092▼ 57.9%€128,759▲ 111%€336,590▲ 161%
Debt€78,284▼ 8.7%€132,106▲ 68.8%€121,981▼ 7.7%€194,358▲ 59.3%€322,014▲ 65.7%
Working capital-€803-€11,075▼ 1,279%-€81,157▼ 633%-€108,714▼ 34.0%-€103,360▲ 4.9%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 4,221% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €336,590
Fixed assets
€117,936 ▲ 174%
Current assets
€218,654 ▲ 155%
Equity and liabilities €336,590
Equity
€14,576
Debt
€322,014
Debt finances 95.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€173,031▲
2023 · €4,029
Cash flow
€162,760▲
2023 · -€4,302
Current ratio
0.68▲
2023 · 0.44
Quick ratio
0.61▲
2023 · 0.36
Debt to equity
22.09▲
2023 · -2.96
ROA
43.4%▲
2023 · -3.7%
Interest coverage
151.74▲
2023 · 6.72
Debt ≤ 1 year
€322,014▲
2023 · €194,358
Income taxes
€9,164▲
2023 · €7,731
Staff costs
€238,289
A ratio outside any meaningful range has been withheld (balance sheet total €336,590, equity €14,576).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €238,289 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,322 | €2,012 | €3,753 | €408 | €16,585 | ▲ 3,968% |
| Other operating charges640/8 | - | €562 | €4,721 | €14,855 | €16,268 | ▲ 9.5% |
| Gross operating margin9900 | €21,889 | €12,810 | -€67,213 | €18,883 | €427,588 | ▲ 2,164% |
| Operating profit (loss)9901 | -€38,586 | €10,237 | -€75,687 | €3,621 | €156,446 | ▲ 4,221% |
| Financial income75/76B | - | - | - | €0 | €33 | ▲ 331,000% |
| Recurring financial income75 | €7,250 | - | - | €0 | €33 | ▲ 331,000% |
| Financial charges65/66B | - | €351 | €454 | €600 | €1,140 | ▲ 90.2% |
| Recurring financial charges65 | €240 | €351 | €454 | €600 | €1,140 | ▲ 90.2% |
| Profit (loss) for the period before taxes9903 | -€31,576 | €9,886 | -€76,141 | €3,021 | €155,339 | ▲ 5,041% |
| Income taxes67/77 | €420 | - | -€2,306 | €7,731 | €9,164 | ▲ 18.5% |
| Profit (loss) for the period9904 | -€31,996 | €9,886 | -€73,836 | -€4,710 | €146,175 | ▲ 3,204% |
| Profit (loss) for the period to be appropriated9905 | -€31,996 | €9,886 | -€73,836 | -€4,710 | €146,175 | ▲ 3,204% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,345 | €145,053 | €61,092 | €128,759 | €336,590 | ▲ 161% |
| Fixed assets21/28 | €3,864 | €24,022 | €20,268 | €43,116 | €117,936 | ▲ 174% |
| Tangible fixed assets22/27 | €3,804 | €3,962 | €208 | €23,056 | €97,876 | ▲ 325% |
| Land and buildings22 | - | - | - | €7,154 | €7,828 | ▲ 9.4% |
| Furniture and vehicles24 | - | €3,962 | €208 | €15,902 | €90,048 | ▲ 466% |
| Financial fixed assets28 | €60 | €20,060 | €20,060 | €20,060 | €20,060 | = |
| Current assets29/58 | €77,481 | €121,032 | €40,824 | €85,644 | €218,654 | ▲ 155% |
| Stocks and contracts in progress3 | €27,270 | €35,067 | €22,992 | €16,321 | €21,735 | ▲ 33.2% |
| Stocks30/36 | - | €35,067 | €22,992 | €16,321 | €21,735 | ▲ 33.2% |
| Amounts receivable within one year40/41 | €48,342 | €77,145 | €9,128 | €53,173 | €53,711 | ▲ 1.0% |
| Trade receivables40 | - | €74,159 | €5,255 | €47,625 | €41,526 | ▼ 12.8% |
| Other amounts receivable41 | - | €2,986 | €3,873 | €5,548 | €12,185 | ▲ 120% |
| Cash at bank and in hand54/58 | €1,869 | €8,820 | €8,438 | €15,734 | €139,976 | ▲ 790% |
| Deferred charges and accrued income490/1 | - | - | €266 | €415 | €3,232 | ▲ 679% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,345 | €145,053 | €61,092 | €128,759 | €336,590 | ▲ 161% |
| Equity10/15 | €3,061 | €12,947 | -€60,889 | -€65,598 | €14,576 | ▲ 122% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€11,199 | -€1,313 | -€75,149 | -€79,858 | €316 | ▲ 100% |
| Amounts payable17/49 | €78,284 | €132,106 | €121,981 | €194,358 | €322,014 | ▲ 65.7% |
| Amounts payable within one year42/48 | €78,284 | €132,106 | €121,981 | €194,358 | €322,014 | ▲ 65.7% |
| Trade debts44 | €32,137 | €22,869 | €25,355 | €73,264 | €63,990 | ▼ 12.7% |
| Suppliers440/4 | - | €22,869 | €25,355 | €73,264 | €63,990 | ▼ 12.7% |
| Advances received on contracts in progress46 | - | €49,792 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €2,456 | - | €15,964 | €19,652 | ▲ 23.1% |
| Taxes450/3 | - | €2,456 | - | €15,964 | €19,652 | ▲ 23.1% |
| Other amounts payable47/48 | - | €56,988 | €96,626 | €105,130 | €238,372 | ▲ 127% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,996 | €9,886 | -€73,836 | -€4,710 | €146,175 | ▲ 3,204% |
| + Depreciation and write-downs630 | €3,322 | €2,012 | €3,753 | €408 | €16,585 | ▲ 3,968% |
| Operating cash flow (approximation) | -€28,675 | €11,898 | -€70,083 | -€4,302 | €162,760 | ▲ 3,883% |
| Investment in fixed assets (approximation) | - | -€22,169 | €0 | -€23,255 | -€91,406 | ▼ 293% |
| Change in cash | - | €6,951 | -€382 | €7,297 | €124,242 | ▲ 1,603% |
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
31-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 243 days late
2024
31-12
Financial
Back to profitnet €146,175
Net result €146,175 after 2 loss-making years.
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 116 days late
2022
31-12
Financial
Weakest financial yearnet -€73,836
Net result drops to -€73,836, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
31-12
Financial
Back to profitnet €9,886
Net result €9,886 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 119 days late
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 141 days late
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 43 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 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, Frameries · 1 establishment unit since 2015
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.
Rue de Bavay 1707080 Frameries1 establishment unit
FIMAA
since 20152.241.439.970
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Of 1,314 companies in sector 47639 we hold annual accounts for 624. 336 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 (pre-2019)
Founded09-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47639Retail sale of other sporting goods
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
46496Wholesale trade
47721Retail sale of footwear
Contact
Scores and ratios are computed by Checked and are not a credit decision.