FIMMO
ActiveSummary
FIMMO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€107,340) and a net result of €21,185. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 4813 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+14
Solvency0=
Growth53=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.5 in 2023; short-term debt: 197% and cash: 3.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-97%
Return on assets
19.1%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 4813 sector peers (2024).
NBB · sector comparisonPosition among 4813 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
28 d late
2022
30 d late
2021
5 d late
2020
25 d late
2019
1 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 19 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€611,122▼ 55.6%
2019 · €1.4m
EBIT margin
3.2%▼ 2.9pp
2019 · 6.1%
Net result
€21,185▲ 26.3%
2023 · €16,769
Working capital
-€107,340▲ 16.5%
2023 · -€128,525
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
Turnover€611,122▼ 55.6%
Operating result€19,647▼ 76.8%€21,585▲ 9.9%€66,704▲ 209%€16,999▼ 74.5%€21,394▲ 25.9%
Net result€12,855▼ 81.2%€20,440▲ 59.0%€52,474▲ 157%€16,769▼ 68.0%€21,185▲ 26.3%
EBIT margin3.2%▼ 2.9pp
Equity-€218,208▲ 5.6%-€197,768▲ 9.4%-€145,294▲ 26.5%-€128,525▲ 11.5%-€107,340▲ 16.5%
Total assets€2,528▼ 99.5%€56,139▲ 2,121%€126,515▲ 125%€126,166▼ 0.3%€110,667▼ 12.3%
Debt€220,736▼ 71.8%€253,907▲ 15.0%€271,809▲ 7.1%€254,691▼ 6.3%€218,007▼ 14.4%
Working capital-€218,208▲ 5.6%-€197,768▲ 9.4%-€145,294▲ 26.5%-€128,525▲ 11.5%-€107,340▲ 16.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 26% above 2023.
Key figures and ratios
Solvency
-97.0%▲
2023 · -101.9%
Current ratio
0.51▲
2023 · 0.50
Debt to equity
-2.03▼
2023 · -1.98
ROA
19.1%▲
2023 · 13.3%
Debt ≤ 1 year
€218,007▼
2023 · €254,691
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €611,122 | - | - | - | - | - |
| Non-recurring operating income76A | - | €2,715 | - | - | - | - |
| Other operating charges640/8 | - | €348 | €348 | €384 | €387 | ▲ 0.8% |
| Non-recurring operating charges66A | - | €94 | €3,106 | €20 | €127 | ▲ 535% |
| Gross operating margin9900 | €29,861 | €22,027 | €70,158 | €17,403 | €21,908 | ▲ 25.9% |
| Operating profit (loss)9901 | €19,647 | €21,585 | €66,704 | €16,999 | €21,394 | ▲ 25.9% |
| Financial charges65/66B | - | €1,145 | €14,230 | €230 | €209 | ▼ 9.1% |
| Recurring financial charges65 | €6,723 | €1,145 | €14,230 | €230 | €209 | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | €12,924 | €20,440 | €52,474 | €16,769 | €21,185 | ▲ 26.3% |
| Income taxes67/77 | €69 | - | - | - | - | - |
| Profit (loss) for the period9904 | €12,855 | €20,440 | €52,474 | €16,769 | €21,185 | ▲ 26.3% |
| Profit (loss) for the period to be appropriated9905 | €12,855 | €20,440 | €52,474 | €16,769 | €21,185 | ▲ 26.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,528 | €56,139 | €126,515 | €126,166 | €110,667 | ▼ 12.3% |
| Current assets29/58 | €2,528 | €56,139 | €126,515 | €126,166 | €110,667 | ▼ 12.3% |
| Amounts receivable within one year40/41 | €2,491 | €55,526 | €121,945 | €125,690 | €107,152 | ▼ 14.7% |
| Trade receivables40 | - | €2,715 | €6,480 | €22,059 | €4,704 | ▼ 78.7% |
| Other amounts receivable41 | - | €52,811 | €115,465 | €103,631 | €102,448 | ▼ 1.1% |
| Cash at bank and in hand54/58 | €37 | €613 | €4,570 | €476 | €3,515 | ▲ 638% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,528 | €56,139 | €126,515 | €126,166 | €110,667 | ▼ 12.3% |
| Equity10/15 | -€218,208 | -€197,768 | -€145,294 | -€128,525 | -€107,340 | ▲ 16.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - |
| Reserves13 | €27,620 | €27,620 | €27,620 | €27,620 | €27,620 | = |
| Non-distributable reserves130/1 | - | €620 | €620 | €620 | €620 | = |
| Legal reserve130 | - | €620 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €620 | €620 | €620 | = |
| Distributable reserves133 | - | €27,000 | €27,000 | €27,000 | €27,000 | = |
| Profit (loss) carried forward14 | -€252,028 | -€231,588 | -€179,114 | -€162,345 | -€141,160 | ▲ 13.0% |
| Amounts payable17/49 | €220,736 | €253,907 | €271,809 | €254,691 | €218,007 | ▼ 14.4% |
| Amounts payable within one year42/48 | €220,736 | €253,907 | €271,809 | €254,691 | €218,007 | ▼ 14.4% |
| Trade debts44 | €16,699 | €9,261 | €12,701 | €13,962 | - | - |
| Suppliers440/4 | - | €9,261 | €12,701 | €13,962 | - | - |
| Advances received on contracts in progress46 | - | - | €24,200 | €20,000 | - | - |
| Taxes, remuneration and social security45 | - | €2,146 | €3,809 | - | €310 | - |
| Taxes450/3 | - | €2,146 | €3,809 | - | €310 | - |
| Other amounts payable47/48 | - | €242,500 | €231,099 | €220,729 | €217,697 | ▼ 1.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,855 | €20,440 | €52,474 | €16,769 | €21,185 | ▲ 26.3% |
| Operating cash flow (approximation) | €12,855 | €20,440 | €52,474 | €16,769 | €21,185 | ▲ 26.3% |
| Change in cash | - | €576 | €3,957 | -€4,094 | €3,039 | ▲ 174% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 5 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €68,430
Net result €68,430 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial 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
Registered office, Vorst · 1 establishment unit since 2005
Ground area
411 m²
Building footprint
244 m²
Volume, LiDAR
4,702 m³
2 parcels, Brussels · tallest building 24.8 m, ±8 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
FIMMO
since 20052.144.925.762
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0036/00Y007 | Brussels | 230 m² | 1 · 143 m² | 21.2 m · 6 fl. |
| 21807G0218/00D015 | Brussels | 181 m² | 1 · 100 m² | 24.8 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.