FIMECO
InactiveFIMECO was declared bankrupt on 18-01-2022 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed for insufficient assets by judgment of 25-03-2025, published in the Belgian State Gazette on 31-03-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-07-2021, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
2 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 9 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
-€160,969▼ 32.8%
2019 · -€121,170
Total assets
€66,852▼ 41.6%
2019 · €114,549
Net result
€2,941
2019 · -€39,954
Working capital
-€49,278▼ 3.6%
2019 · -€47,588
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
Line201820192020
Operating result-€72,720--€65,164▲ 10.4%-€38,720▲ 40.6%
Net result-€33,126--€39,954▼ 20.6%€2,941
Equity-€54,451--€121,170▼ 123%-€160,969▼ 32.8%
Total assets€180,280-€114,549▼ 36.5%€66,852▼ 41.6%
Debt€234,731-€235,719▲ 0.4%€227,821▼ 3.4%
Working capital-€29,470--€47,588▼ 61.5%-€49,278▼ 3.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38,720 in 2020 against €65,164 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €66,852
Fixed assets
€49,808 ▼ 47.0%
Current assets
€17,044 ▼ 17.4%
Key figures and ratios
EBITDA
€5,390▲
2019 · -€7,878
Cash flow
€47,050▲
2019 · €17,332
Solvency
-240.8%▼
2019 · -105.8%
Current ratio
0.26▼
2019 · 0.30
Quick ratio
0.19▲
2019 · 0.19
Debt to equity
-1.00▲
2019 · -1.38
ROA
4.4%▲
2019 · -34.9%
Debt ≤ 1 year
€66,321▼
2019 · €68,219
Debt > 1 year
€161,500▼
2019 · €167,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82,783 | €57,285 | €44,109 | ▼ 23.0% |
| Gross operating margin9900 | €13,240 | -€5,930 | €7,464 | ▲ 226% |
| Operating profit (loss)9901 | -€72,720 | -€65,164 | -€38,720 | ▲ 40.6% |
| Recurring financial income75 | €42,393 | €26,788 | €42,741 | ▲ 59.6% |
| Recurring financial charges65 | €2,800 | €1,578 | €1,080 | ▼ 31.6% |
| Profit (loss) for the period before taxes9903 | -€33,126 | -€39,954 | €2,941 | ▲ 107% |
| Profit (loss) for the period9904 | -€33,126 | -€39,954 | €2,941 | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | -€33,126 | -€39,954 | €2,941 | ▲ 107% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €180,280 | €114,549 | €66,852 | ▼ 41.6% |
| Fixed assets21/28 | €150,519 | €93,918 | €49,808 | ▼ 47.0% |
| Intangible fixed assets21 | €99,269 | €51,700 | €17,130 | ▼ 66.9% |
| Tangible fixed assets22/27 | €51,200 | €42,218 | €32,678 | ▼ 22.6% |
| Financial fixed assets28 | €50 | - | - | - |
| Current assets29/58 | €29,761 | €20,631 | €17,044 | ▼ 17.4% |
| Stocks and contracts in progress3 | €9,831 | €7,850 | €4,480 | ▼ 42.9% |
| Amounts receivable within one year40/41 | €6,359 | €9,070 | €10,101 | ▲ 11.4% |
| Cash at bank and in hand54/58 | €12,152 | €3,243 | €827 | ▼ 74.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €180,280 | €114,549 | €66,852 | ▼ 41.6% |
| Equity10/15 | -€54,451 | -€121,170 | -€160,969 | ▼ 32.8% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Profit (loss) carried forward14 | -€146,756 | -€186,710 | -€183,769 | ▲ 1.6% |
| Amounts payable17/49 | €234,731 | €235,719 | €227,821 | ▼ 3.4% |
| Amounts payable after more than one year17 | €175,500 | €167,500 | €161,500 | ▼ 3.6% |
| Amounts payable within one year42/48 | €59,231 | €68,219 | €66,321 | ▼ 2.8% |
| Trade debts44 | €18,675 | €14,852 | €14,260 | ▼ 4.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,126 | -€39,954 | €2,941 | ▲ 107% |
| + Depreciation and write-downs630 | €82,783 | €57,285 | €44,109 | ▼ 23.0% |
| Operating cash flow (approximation) | €49,657 | €17,332 | €47,050 | ▲ 171% |
| Investment in fixed assets (approximation) | - | -€685 | €0 | ▲ 100% |
| Change in cash | - | -€8,909 | -€2,416 | ▲ 72.9% |
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
31-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 25-03-2025
2022
24-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 18-01-2022
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2,941
Net result €2,941 after 2 loss-making years.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€39,954
Net result drops to -€39,954, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
15-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 46 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
29-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 60 days late
2013
01-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
29-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TIM DIERYNCK STATIONSSTRAAT 82A/0001,
8860 LENDELEDE |
18-01-2022 → 25-03-2025 |