FIRMIN
ActiveSummary
FIRMIN has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €274,692 and a net result of -€27,055. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 1631 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability61▼-39
Solvency61=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 2.67 in 2023; short-term debt: 32.7% and cash: 2.1% of total assets), but 64.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% 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
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
35.6%
Return on assets
-3.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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
26 d late
2023
15 d early
2022
29 d late
2021
29 d late
2020
61 d late
2019
28 d late
← 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 after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€27,055
2023 · €514,394
Working capital
€145,383▼ 62.6%
2023 · €388,601
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-€70,855-€1,858▲ 97.4%-€66,813▼ 3,497%€721,407-€42,315
Net result-€85,805▼ 980%-€16,278▲ 81.0%-€71,419▼ 339%€514,394-€27,055
Equity-€123,812▼ 231%-€140,659▼ 13.6%-€212,648▼ 51.2%€301,746€274,692▼ 9.0%
Total assets€690,625▼ 19.2%€609,307▼ 11.8%€468,521▼ 23.1%€837,596▲ 78.8%€771,969▼ 7.8%
Debt€814,437▼ 8.7%€749,965▼ 7.9%€681,169▼ 9.2%€332,967▼ 51.1%€301,086▼ 9.6%
Working capital-€233,919▼ 17.5%-€217,923▲ 6.8%-€257,982▼ 18.4%€388,601€145,383▼ 62.6%
Staff (FTE)1=1=1=
Why a figure moved sharply
- 2023 Total assets +79% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €42,315 after €721,407 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €771,969
Fixed assets
€373,900 ▲ 73.2%
Current assets
€398,069 ▼ 36.0%
Equity and liabilities €771,969
Equity
€274,692 ▼ 9.0%
Provisions
€196,191 ▼ 3.3%
Debt
€301,086 ▼ 9.6%
Debt's share of the balance-sheet total falls from 39.8% to 39.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€26,651▼
2023 · €765,633
Cash flow
€41,911▼
2023 · €558,620
Current ratio
1.58▼
2023 · 2.67
Quick ratio
1.50▼
2023 · 2.47
Debt to equity
1.10▼
2023 · 1.10
ROE
-9.8%▼
2023 · 170.5%
ROA
-3.5%▼
2023 · 61.4%
Interest coverage
5.65▼
2023 · 83.36
Debt ≤ 1 year
€252,686▲
2023 · €233,117
Debt > 1 year
€48,400▼
2023 · €99,849
Income taxes
€103▼
2023 · €123
Staff costs
€1,224▼
2023 · €12,218
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 8,594 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €11 | €102 | €2 | - | - |
| Remuneration, social security and pensions62 | - | €17,403 | €19,602 | €12,218 | €1,224 | ▼ 90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90,341 | €80,657 | €80,669 | €44,225 | €68,966 | ▲ 55.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €25,315 | €11,500 | -€34,060 | ▼ 396% |
| Other operating charges640/8 | - | €5,960 | €6,246 | €3,653 | €2,083 | ▼ 43.0% |
| Non-recurring operating charges66A | - | €588 | €445 | €45 | €1,996 | ▲ 4,302% |
| Gross operating margin9900 | €48,848 | €102,750 | €65,464 | €793,049 | -€2,107 | ▼ 100% |
| Operating profit (loss)9901 | -€70,855 | -€1,858 | -€66,813 | €721,407 | -€42,315 | ▼ 106% |
| Financial income75/76B | - | €5,549 | €9,843 | €5,789 | €16,679 | ▲ 188% |
| Recurring financial income75 | €569 | €569 | €1,333 | €5,789 | €16,273 | ▲ 181% |
| Non-recurring financial income76B | - | €4,980 | €8,510 | - | €407 | - |
| Financial charges65/66B | - | €18,678 | €14,329 | €9,796 | €8,007 | ▼ 18.3% |
| Recurring financial charges65 | €15,265 | €15,711 | €11,093 | €9,185 | €4,720 | ▼ 48.6% |
| Non-recurring financial charges66B | - | €2,966 | €3,237 | €611 | €3,287 | ▲ 438% |
| Profit (loss) for the period before taxes9903 | -€85,741 | -€14,986 | -€71,299 | €717,400 | -€33,643 | ▼ 105% |
| Transfer from deferred taxes780 | - | - | - | €6,691 | €6,691 | = |
| Transfer to deferred taxes680 | - | - | - | €209,573 | - | - |
| Income taxes67/77 | €64 | €1,291 | €120 | €123 | €103 | ▼ 16.3% |
| Profit (loss) for the period9904 | -€85,805 | -€16,278 | -€71,419 | €514,394 | -€27,055 | ▼ 105% |
| Transfer from tax-exempt reserves789 | - | €11,000 | - | €20,073 | €20,073 | = |
| Transfer to tax-exempt reserves689 | - | - | - | €628,720 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€85,805 | -€5,278 | -€71,419 | -€94,253 | -€6,982 | ▲ 92.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €690,625 | €609,307 | €468,521 | €837,596 | €771,969 | ▼ 7.8% |
| Formation expenses20 | €100 | - | - | - | - | - |
| Fixed assets21/28 | €407,721 | €350,929 | €270,260 | €215,877 | €373,900 | ▲ 73.2% |
| Intangible fixed assets21 | €29,035 | €21,776 | €14,518 | €7,259 | - | - |
| Tangible fixed assets22/27 | €374,358 | €325,213 | €251,802 | €204,678 | €373,900 | ▲ 82.7% |
| Land and buildings22 | - | €227,900 | €208,800 | - | - | - |
| Plant, machinery and equipment23 | - | €13,554 | €9,721 | €39,942 | €82,788 | ▲ 107% |
| Leasing and similar rights25 | - | €67,166 | €20,875 | €164,737 | €139,351 | ▼ 15.4% |
| Other tangible fixed assets26 | - | €16,592 | €12,407 | - | €151,761 | - |
| Financial fixed assets28 | €4,328 | €3,940 | €3,940 | €3,940 | - | - |
| Current assets29/58 | €282,804 | €258,377 | €198,261 | €621,718 | €398,069 | ▼ 36.0% |
| Stocks and contracts in progress3 | €161,698 | €126,330 | €81,915 | €47,018 | €20,255 | ▼ 56.9% |
| Stocks30/36 | - | €126,330 | €81,915 | €47,018 | €20,255 | ▼ 56.9% |
| Amounts receivable within one year40/41 | €105,597 | €102,745 | €92,986 | €518,546 | €359,220 | ▼ 30.7% |
| Trade receivables40 | - | €101,157 | €92,805 | €259,800 | €79,450 | ▼ 69.4% |
| Other amounts receivable41 | - | €1,588 | €181 | €258,746 | €279,770 | ▲ 8.1% |
| Cash at bank and in hand54/58 | €14,240 | €27,720 | €21,876 | €56,154 | €16,493 | ▼ 70.6% |
| Deferred charges and accrued income490/1 | - | €1,582 | €1,483 | - | €2,102 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €690,625 | €609,307 | €468,521 | €837,596 | €771,969 | ▼ 7.8% |
| Equity10/15 | -€123,812 | -€140,659 | -€212,648 | €301,746 | €274,692 | ▼ 9.0% |
| Contributions10/11 | - | €141,155 | €141,155 | €143,816 | €143,816 | = |
| Reserves13 | €18,526 | €7,526 | €7,526 | €613,512 | €593,439 | ▼ 3.3% |
| Non-distributable reserves130/1 | - | €3,526 | €3,526 | €865 | €865 | = |
| Reserves not available under the articles1311 | - | €2,661 | €2,661 | - | - | - |
| Other1319 | - | €865 | €865 | €865 | €865 | = |
| Tax-exempt reserves132 | - | €4,000 | €4,000 | €612,647 | €592,574 | ▼ 3.3% |
| Profit (loss) carried forward14 | -€284,632 | -€289,909 | -€361,328 | -€455,581 | -€462,563 | ▼ 1.5% |
| Investment grants15 | - | €570 | - | - | - | - |
| Provisions and deferred taxes16 | - | - | - | €202,882 | €196,191 | ▼ 3.3% |
| Deferred taxes168 | - | - | - | €202,882 | €196,191 | ▼ 3.3% |
| Amounts payable17/49 | €814,437 | €749,965 | €681,169 | €332,967 | €301,086 | ▼ 9.6% |
| Amounts payable after more than one year17 | €297,714 | €273,665 | €224,926 | €99,849 | €48,400 | ▼ 51.5% |
| Financial debts170/4 | - | €273,665 | €224,926 | €99,849 | €48,400 | ▼ 51.5% |
| Amounts payable within one year42/48 | €516,723 | €476,300 | €456,243 | €233,117 | €252,686 | ▲ 8.4% |
| Current portion of amounts payable after more than one year42 | - | €47,439 | €48,740 | €50,076 | €51,449 | ▲ 2.7% |
| Trade debts44 | €228,175 | €224,061 | €202,694 | €171,576 | €201,151 | ▲ 17.2% |
| Suppliers440/4 | - | €224,061 | €202,694 | €171,576 | €201,151 | ▲ 17.2% |
| Taxes, remuneration and social security45 | - | €4,291 | €7,855 | €11,465 | €86 | ▼ 99.2% |
| Taxes450/3 | - | €2,921 | €5,472 | €11,465 | €86 | ▼ 99.2% |
| Remuneration and social security454/9 | - | €1,370 | €2,382 | - | - | - |
| Other amounts payable47/48 | - | €200,509 | €196,955 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€85,805 | -€16,278 | -€71,419 | €514,394 | -€27,055 | ▼ 105% |
| + Depreciation and write-downs630 | €90,341 | €80,657 | €80,669 | €44,225 | €68,966 | ▲ 55.9% |
| Operating cash flow (approximation) | €4,537 | €64,379 | €9,250 | €558,620 | €41,911 | ▼ 92.5% |
| Investment in fixed assets (approximation) | - | -€23,865 | €0 | €10,157 | -€226,988 | ▼ 2,335% |
| Change in cash | - | €13,481 | -€5,844 | €34,278 | -€39,662 | ▼ 216% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €514,394
Net result €514,394 after 5 loss-making years.
31-12
Financial
Liquidity times 6current ratio 2.67
Current ratio from 0.43 to 2.67; short-term debt falls from €456,243 to €233,117.
31-12
Financial
Equity above €200,000Eq €301,746
Equity rises from -€212,648 to €301,746.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet -€85,805
Net result drops to -€85,805, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Fosses-la-Ville · 1 establishment unit since 2000
Ground area
6,305 m²
Building footprint
160 m²
Parcel 92110A0188/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
FIRMIN
since 20002.093.663.935
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92110A0188/00B000 | Wallonia | 6,305 m² | 1 · 160 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFosses-la-Ville2.093.663.935
Similar companies · same sector, comparable size
ETS LEFEBVRE ANDRE
BE 0644.767.809
Pecq · Eq €274,446
VERVOORT SERVICE
BE 0884.640.691
Dilsen-Stokkem · Eq €274,239
CRYO-TEC
BE 0843.353.038
Antwerpen · Eq €275,679
KEIRSE JEAN-PIERRE
BE 0744.893.286
Durbuy · Eq €272,030
Nick-All-Fix
BE 0723.591.492
Heist-op-den-Berg · Eq €271,876
Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,081 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
Founded22-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
01500Mixed farming
43120Site preparation
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468554243
Also
9925:BE0468554243
Registered
06-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.