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FIMACO

Active Private limited companyfounded 1991active for 35 yearsOmer Wattezstraat 7, 9688 MaarkedalKBO/BCE: BE 0445.558.513 #7 oldest company in Maarkedal, Construction sector

Lifetime

19 annual accounts with figures on one time axis, 32 filings since 1992
peak €125,849 (2013)
€59,714▼ 19.6%
lowest -€220,333 (2010)
€46,263▼ 22.6%
peak €314,287 (2007)
€218,441▲ 26.9%
€51,743▲ 14.0%
peak 0 FTE (2007)
-not published
Board3 names since 2021
1 director
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from €74,241 to €59,714Equity from €172,178 to €218,441

Key points

from the 2025 annual accounts

Turnover

≈ €220,000 estimated

The abbreviated format states no turnover.

Filings

32 annual accounts since 1992
AprilJune31 JulyOctober200020102020

The 2016 accounts came 33 days late. The other nine of the last ten were filed on time.

Position in the sector

80.8%

Higher solvency than 88% of companies in specialised construction. Sector median 44.0% · 9,974 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 31,368 companies had the same profile as FIMACO has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 31,368 companies, not a prediction for FIMACO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director

Shares in 1 company,

Board & ownership

Recent changes

Change of role: , from manager to director Resignation: (statutory manager and director) · “De ontwikkeling, aanpassing, productie, installatie en commercialisatie van datanetwerken en aanverwante hard-…” (deed in Dutch) · Director discharge: · General meeting of 08-08-2023 · Gazette deed
Resignation: (director) Appointment: (director) · General meeting of 17-06-2022 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0445558513
Registered office moved from Wetteren to Maarkedal-Schorisse New registered office: Omer Wattezstraat 7, 9688 Maarkedal-Schorisse · Previous registered office: Kortewagenstraat 53, 9230 Wetteren · Gazette deed
All 43 events

Comparable companies

same main activity, similar in size and age
Company
FIMACO Maarkedal €270,184 €59,714 80.8% -
VANDERWEGEN Bertem €276,959 €63,127 64.3% -
ADE - ART DECOR ELEC Auderghem €290,537 €58,323 93.0% -
DE SINTE Vorselaar €237,916 €58,070 73.1% -
ECLIPS Uccle €239,328 €51,722 62.3% -
RIK DESMET Ardooie €285,532 €51,549 42.5% -
Verlichting Boucquet Roeselare €230,240 €66,431 90.0% -

These companies have the same main activity as FIMACO: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €230,000 and €291,000, founded between 1988 and 1994.

Official details

Source: KBO
Status
Active since 23-10-1991Normal situation
Activity
General electrical installation workNACE 43211and 1 other
Establishment unit
2.055.065.0619688 Maarkedal, since 19-01-1999
Financial year end
31 December
Peppol
Reachable since 20-11-2020
Company details

Annual accounts 2025

€270,184▲ 24.2%
Filing
Filed on 30-06-2026, 31 days before the end of the filing period
Financials

Insights on FIMACO

FIMACO files the abbreviated format. That format states no turnover. The gross margin rose from €33,675 in 2007 to €59,714 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about FIMACO

What is the company number of FIMACO?
The company number of FIMACO is 0445.558.513. The VAT number is the same number with BE in front: BE 0445.558.513.
Where is FIMACO based?
The registered office is at Omer Wattezstraat 7, 9688 Maarkedal.Company details
What does FIMACO do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of FIMACO?
FIMACO is a private limited company (BV).
When was FIMACO founded?
FIMACO was founded on 23-10-1991.
Is FIMACO still active?
Yes, FIMACO is an active enterprise in the KBO register.
What is the turnover of FIMACO?
The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €59,714 and 52 comparable companies (NACE 43211). It probably lies between €140,000 and €330,000.Financials
Is FIMACO profitable?
In financial year 2025, FIMACO made a profit of €46,263.
Where can I find the annual accounts of FIMACO?
FIMACO filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FIMACO due?
FIMACO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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