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FIMO

Active
Private limited company (pre-2019)founded 199234 yrs activeSint Jobsteenweg 20, 2970 Schilde, BelgiumKBO/BCE: BE 0447.635.303
Summary

FIMO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,472 and a net result of €2,300. Equity is shrinking by ~43.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 48% of 13521 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · fiscal year 2025, micro schema

Equity
€1,472
2024 · -€828
Total assets
€3,732▲ 98.0%
2024 · €1,885
Net result
€2,300
2024 · -€744
Working capital
€730
2024 · -€1,676
Trend over the years

2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years

The operating result returns to profit in 2025: €2,645 after a loss of €699 in 2024, the highest result in the available series.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€2,645 2025 Net result€2,300 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€455--€1,228-€178▲ 85.5%-€1,355▼ 660%-€171▲ 87.4%€77-€699€2,645
Net result€509--€1,279-€313within the sector's middle half▲ 75.5%-€1,400within the sector's middle half▼ 347%-€234within the sector's middle half▲ 83.3%€32within the sector's middle half-€744within the sector's middle half€2,300within the sector's middle half
Equity€3,111-€1,832▼ 41.1%€1,518below the sector's middle half▼ 17.1%€118below the sector's middle half▼ 92.2%-€116below the sector's middle half-€84below the sector's middle half▲ 27.7%-€828below the sector's middle half▼ 890%€1,472below the sector's middle half
Total assets€13,856-€2,843▼ 79.5%€2,607below the sector's middle half▼ 8.3%€2,019below the sector's middle half▼ 22.6%€2,124below the sector's middle half▲ 5.2%€2,242below the sector's middle half▲ 5.6%€1,885below the sector's middle half▼ 15.9%€3,732below the sector's middle half▲ 98.0%
Debt€10,745-€1,011▼ 90.6%€1,088▲ 7.7%€1,900▲ 74.6%€2,239▲ 17.8%€2,326▲ 3.9%€2,712▲ 16.6%€2,260▼ 16.7%
Working capital€1,626-€453▼ 72.1%€246within the sector's middle half▼ 45.8%-€1,048within the sector's middle half-€1,176within the sector's middle half▼ 12.2%-€1,038within the sector's middle half▲ 11.7%-€1,676within the sector's middle half▼ 61.5%€730within the sector's middle half
Solvency22.4%-
Current ratio1.15-
Return on assets (ROA)3.7%-
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3,732
Fixed assets €742 ▼ 12.5%
Current assets €2,989 ▲ 188%
Equity and liabilities €3,732
Equity €1,472
Debt €2,260
Debt finances 60.5% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2,751▲
2024 · -€593
Cash flow
€2,406▲
2024 · -€638
Interest coverage
7.97▲
2024 · -13.18
Debt ≤ 1 year
€2,260▼
2024 · €2,712
Ratios withheld: a balance sheet total of €3,732 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,372 companies that looked in July 2024 the way this one looks now, 0.5% 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
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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%

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 31,372 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€1,885€3,732▲
Fixed assets21/28€849€742▼
Intangible fixed assets21€849€742▼
Current assets29/58€1,036€2,989▲
Amounts receivable within one year40/41€913€2,409▲
Trade receivables40€468€163▼
Other amounts receivable41€445€2,247▲
Cash at bank and in hand54/58€123€580▲
Equity and liabilities
Total equity and liabilities10/49€1,885€3,732▲
Equity10/15-€828€1,472▲
Contributions10/11€6,197€6,197=
Reserves13€8,574€8,574=
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Tax-exempt reserves132€130€130=
Distributable reserves133€6,585€6,585=
Profit (loss) carried forward14-€15,599-€13,299▲
Amounts payable17/49€2,712€2,260▼
Amounts payable within one year42/48€2,712€2,260▼
Trade debts44€991€2,088▲
Suppliers440/4€991€2,088▲
Taxes, remuneration and social security45-€171
Taxes450/3-€171
Other amounts payable47/48€1,722-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€106€106=
Other operating charges640/8€122€642▲
Gross operating margin9900-€471€3,393▲
Operating profit (loss)9901-€699€2,645▲
Financial charges65/66B€45€345▲
Recurring financial charges65€45€345▲
Profit (loss) for the period before taxes9903-€744€2,300▲
Profit (loss) for the period9904-€744€2,300▲
Profit (loss) for the period to be appropriated9905-€744€2,300▲
Appropriation of the result
Profit (loss) to be appropriated9906-€15,599-€13,299▲
Profit (loss) brought forward from the previous period14P-€14,855-€15,599▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€106€106€106€106€106€106€106€106=
Other operating charges640/8---€101€797€505€122€642▲ 425%
Gross operating margin9900€1,005-€676€375-€1,148€732€688-€471€3,393▲ 821%
Operating profit (loss)9901€455-€1,228-€178-€1,355-€171€77-€699€2,645▲ 478%
Financial charges65/66B---€45€63€45€45€345▲ 667%
Recurring financial charges65€51€51€135€45€63€45€45€345▲ 667%
Profit (loss) for the period before taxes9903€509-€1,279-€313-€1,400-€234€32-€744€2,300▲ 409%
Profit (loss) for the period9904€509-€1,279-€313-€1,400-€234€32-€744€2,300▲ 409%
Profit (loss) for the period to be appropriated9905€509-€1,279-€313-€1,400-€234€32-€744€2,300▲ 409%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€13,856€2,843€2,607€2,019€2,124€2,242€1,885€3,732▲ 98.0%
Fixed assets21/28€1,485€1,379€1,273€1,167€1,061€955€849€742▼ 12.5%
Intangible fixed assets21€1,485€1,379€1,273€1,167€1,061€955€849€742▼ 12.5%
Current assets29/58€12,371€1,464€1,334€852€1,063€1,288€1,036€2,989▲ 188%
Amounts receivable within one year40/41€6,601€1,285€1,022€850€694€1,018€913€2,409▲ 164%
Trade receivables40-----€468€468€163▼ 65.2%
Other amounts receivable41---€850€694€549€445€2,247▲ 405%
Cash at bank and in hand54/58€5,770€179€312€3€369€270€123€580▲ 371%
Equity and liabilities
Total equity and liabilities10/49€13,856€2,843€2,607€2,019€2,124€2,242€1,885€3,732▲ 98.0%
Equity10/15€3,111€1,832€1,518€118-€116-€84-€828€1,472▲ 278%
Contributions10/11€6,197€6,197-€6,197€6,197€6,197€6,197€6,197=
Reserves13€8,574€8,574€8,574€8,574€8,574€8,574€8,574€8,574=
Non-distributable reserves130/1---€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311---€1,859€1,859€1,859€1,859€1,859=
Tax-exempt reserves132---€130€130€130€130€130=
Distributable reserves133---€6,585€6,585€6,585€6,585€6,585=
Profit (loss) carried forward14-€11,661-€12,939-€13,253-€14,653-€14,887-€14,855-€15,599-€13,299▲ 14.7%
Amounts payable17/49€10,745€1,011€1,088€1,900€2,239€2,326€2,712€2,260▼ 16.7%
Amounts payable within one year42/48€10,745€1,011€1,088€1,900€2,239€2,326€2,712€2,260▼ 16.7%
Trade debts44€548€435€158€213€579€975€991€2,088▲ 111%
Suppliers440/4---€213€579€975€991€2,088▲ 111%
Taxes, remuneration and social security45-------€171-
Taxes450/3-------€171-
Other amounts payable47/48---€1,687€1,661€1,351€1,722--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€509-€1,279-€313-€1,400-€234€32-€744€2,300▲ 409%
+ Depreciation and write-downs630€106€106€106€106€106€106€106€106=
Operating cash flow (approximation)€615-€1,173-€207-€1,294-€128€138-€638€2,406▲ 477%
Investment in fixed assets (approximation)-€0€0€0€0€0€0€0-
Change in cash--€5,590€132-€309€366-€99-€147€457▲ 411%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector, comparable size

Of 2,133 companies in this sector we hold annual accounts for 1,143. 192 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector