FIMACO
ActiveSummary
FIMACO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €172,178 and a net result of €59,793. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 88% of 7454 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 3.92 against 3.35 in 2023; short-term debt: 19.4% and cash: 9.6% of total assets), and 20.9% of the assets are financed with debt.
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Signals
Four 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 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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €172,178
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
33 d early
2023
18 d early
2022
38 d early
2021
30 d early
2020
3 d early
2019
31 d early
← 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 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#7 oldest company in Maarkedal, Construction sector
Equity
€172,178▲ 53.2%
2023 · €112,385
Total assets
€217,558▲ 49.5%
2023 · €145,522
Net result
€59,793▲ 20.0%
2023 · €49,829
Working capital
€123,191▲ 110%
2023 · €58,754
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€9,757▼ 45.0%€24,614▲ 152%€16,718▼ 32.1%€56,841▲ 240%€59,763▲ 5.1%
Net result€8,952▲ 70.1%€24,474▲ 173%-€114,623€49,829€59,793▲ 20.0%
Equity€226,705▲ 4.1%€251,179▲ 10.8%€136,555▼ 45.6%€112,385▼ 17.7%€172,178▲ 53.2%
Total assets€295,056▲ 12.7%€330,828▲ 12.1%€205,684▼ 37.8%€145,522▼ 29.2%€217,558▲ 49.5%
Debt€68,351▲ 54.9%€79,649▲ 16.5%€69,129▼ 13.2%€33,137▼ 52.1%€45,380▲ 36.9%
Working capital€79,336▲ 14.1%€99,520▲ 25.4%€97,041▼ 2.5%€58,754▼ 39.5%€123,191▲ 110%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 5% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €217,558
Fixed assets
€52,116 ▼ 15.6%
Current assets
€165,442 ▲ 97.5%
Equity and liabilities €217,558
Equity
€172,178 ▲ 53.2%
Debt
€45,380 ▲ 36.9%
Debt's share of the balance-sheet total falls from 22.8% to 20.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73,625▼
2023 · €74,765
Cash flow
€73,655▲
2023 · €67,753
Current ratio
3.92▲
2023 · 3.35
Quick ratio
3.82▲
2023 · 3.01
Debt to equity
0.26▼
2023 · 0.29
ROE
34.7%▼
2023 · 44.3%
ROA
27.5%▼
2023 · 34.2%
Interest coverage
143.52▲
2023 · 36.60
Debt ≤ 1 year
€42,251▲
2023 · €25,000
Debt > 1 year
€3,129▼
2023 · €8,137
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,324 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,663 | €14,376 | €15,932 | €17,924 | €13,862 | ▼ 22.7% |
| Other operating charges640/8 | - | €1,277 | €1,084 | €1,444 | €616 | ▼ 57.3% |
| Gross operating margin9900 | €23,154 | €40,267 | €33,734 | €76,209 | €74,241 | ▼ 2.6% |
| Operating profit (loss)9901 | €9,757 | €24,614 | €16,718 | €56,841 | €59,763 | ▲ 5.1% |
| Financial income75/76B | - | €303 | €982 | €14 | €543 | ▲ 3,779% |
| Recurring financial income75 | - | €303 | €982 | €14 | €543 | ▲ 3,779% |
| Non-recurring financial income76B | - | - | €982 | €14 | - | - |
| Financial charges65/66B | - | €443 | €132,323 | €2,043 | €513 | ▼ 74.9% |
| Recurring financial charges65 | €805 | €443 | €2,648 | €2,043 | €513 | ▼ 74.9% |
| Non-recurring financial charges66B | - | - | €129,675 | - | - | - |
| Profit (loss) for the period before taxes9903 | €8,952 | €24,474 | -€114,623 | €54,812 | €59,793 | ▲ 9.1% |
| Income taxes67/77 | - | - | - | €4,983 | - | - |
| Profit (loss) for the period9904 | €8,952 | €24,474 | -€114,623 | €49,829 | €59,793 | ▲ 20.0% |
| Profit (loss) for the period to be appropriated9905 | €8,952 | €24,474 | -€114,623 | €49,829 | €59,793 | ▲ 20.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €295,056 | €330,828 | €205,684 | €145,522 | €217,558 | ▲ 49.5% |
| Fixed assets21/28 | €167,291 | €181,392 | €58,000 | €61,768 | €52,116 | ▼ 15.6% |
| Tangible fixed assets22/27 | €30,950 | €45,051 | €51,228 | €41,663 | €32,011 | ▼ 23.2% |
| Plant, machinery and equipment23 | - | €2,504 | €1,760 | €1,016 | €271 | ▼ 73.3% |
| Furniture and vehicles24 | - | €2,442 | €22,217 | €26,251 | €26,321 | ▲ 0.3% |
| Leasing and similar rights25 | - | €40,105 | €27,251 | €14,396 | €5,419 | ▼ 62.4% |
| Financial fixed assets28 | €136,341 | €136,341 | €6,772 | €20,105 | €20,105 | = |
| Current assets29/58 | €127,765 | €149,436 | €147,684 | €83,754 | €165,442 | ▲ 97.5% |
| Stocks and contracts in progress3 | €21,694 | €10,865 | €11,642 | €8,396 | €4,251 | ▼ 49.4% |
| Stocks30/36 | - | €10,865 | €11,642 | €8,396 | €4,251 | ▼ 49.4% |
| Amounts receivable within one year40/41 | €78,158 | €78,007 | €106,599 | €71,748 | €140,379 | ▲ 95.7% |
| Trade receivables40 | - | €78,007 | €86,599 | €46,748 | €38,929 | ▼ 16.7% |
| Other amounts receivable41 | - | - | €20,000 | €25,000 | €101,450 | ▲ 306% |
| Cash at bank and in hand54/58 | €15,988 | €60,564 | €29,443 | €3,610 | €20,812 | ▲ 477% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €295,056 | €330,828 | €205,684 | €145,522 | €217,558 | ▲ 49.5% |
| Equity10/15 | €226,705 | €251,179 | €136,555 | €112,385 | €172,178 | ▲ 53.2% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €34,068 | €34,068 | = |
| Capital10 | - | €74,368 | - | - | - | - |
| Issued capital100 | - | €74,368 | - | - | - | - |
| Reserves13 | €152,337 | €176,811 | €62,187 | €78,317 | €138,110 | ▲ 76.3% |
| Non-distributable reserves130/1 | - | €7,437 | €7,437 | - | - | - |
| Legal reserve130 | - | €7,437 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €7,437 | - | - | - |
| Distributable reserves133 | - | €169,374 | €54,750 | €78,317 | €138,110 | ▲ 76.3% |
| Profit (loss) carried forward14 | €130,685 | - | - | - | - | - |
| Amounts payable17/49 | €68,351 | €79,649 | €69,129 | €33,137 | €45,380 | ▲ 36.9% |
| Amounts payable after more than one year17 | €19,922 | €29,733 | €18,486 | €8,137 | €3,129 | ▼ 61.5% |
| Financial debts170/4 | - | €29,733 | €18,486 | €8,137 | €3,129 | ▼ 61.5% |
| Amounts payable within one year42/48 | €48,429 | €49,916 | €50,643 | €25,000 | €42,251 | ▲ 69.0% |
| Current portion of amounts payable after more than one year42 | - | €17,554 | €12,425 | €9,666 | €5,009 | ▼ 48.2% |
| Trade debts44 | €36,950 | €18,626 | €29,989 | €4,733 | €10,452 | ▲ 121% |
| Suppliers440/4 | - | €18,626 | €29,989 | €4,733 | €10,452 | ▲ 121% |
| Taxes, remuneration and social security45 | - | €12,851 | €7,410 | €9,419 | €26,758 | ▲ 184% |
| Taxes450/3 | - | €12,851 | €7,410 | €9,419 | €26,758 | ▲ 184% |
| Other amounts payable47/48 | - | €885 | €819 | €1,182 | €32 | ▼ 97.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,952 | €24,474 | -€114,623 | €49,829 | €59,793 | ▲ 20.0% |
| + Depreciation and write-downs630 | €12,663 | €14,376 | €15,932 | €17,924 | €13,862 | ▼ 22.7% |
| Operating cash flow (approximation) | €21,615 | €38,850 | -€98,691 | €67,753 | €73,655 | ▲ 8.7% |
| Investment in fixed assets (approximation) | - | -€28,477 | €107,460 | -€21,692 | -€4,210 | ▲ 80.6% |
| Change in cash | - | €44,576 | -€31,121 | -€25,833 | €17,202 | ▲ 167% |
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
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €59,793 ▲20%
Operating result €59,763, net result €59,793, both a record.
31-12
Financial
Equity above €150,000Eq €172,178 ▲53.2%
2 profitable years in a row build equity to €172,178.
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €49,829
Net result €49,829 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€114,623
Net result drops to -€114,623, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 33 days late
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 142 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, Maarkedal · 1 establishment unit since 1999
Ground area
1,360 m²
Building footprint
314 m²
Volume, LiDAR
977 m³
Parcel 45044C0362/00D000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FIMACO
since 19992.055.065.061
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45044C0362/00D000 | Flanders | 1,360 m² | 1 · 314 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
98%
According to the 2021 annual accounts of FIMACO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 1,468 EUR awarded · 1,468 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 43 EUR | 43 EUR |
| 2023 | 1 | 1,425 EUR | 1,425 EUR |
Similar companies · same sector, comparable size
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,473 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
Founded23-10-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445558513
Registered
20-11-2020
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.