FM
ActiveSummary
The computed 12-month bankruptcy probability of FM is 2.3% (moderate). The 2025 annual accounts show negative equity (-€73,237) and a net result of €4,595. Equity is shrinking by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 13560 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+77
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.08 in 2024; short-term debt: 429.7% and cash: 40.8% of total assets), and equity is negative.
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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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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 2025Solvency, return and age of the figures
Solvency
-329.7%
Return on assets
20.7%
Age of the figures
9 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 13560 sector peers (2025).
NBB · sector comparisonPosition among 13560 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
on the day
2023
68 d late
2022
31 d late
2021
22 d late
2020
53 d late
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€73,237▲ 10.2%
2024 · -€81,532
Total assets
€22,211▲ 9.8%
2024 · €20,220
Net result
€4,595
2024 · -€16,031
Working capital
-€82,021▲ 12.4%
2024 · -€93,594
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
Line20212022202320242025
Operating result-€3,776-€42,900▼ 1,036%€10,697-€14,831€7,461
Net result-€3,455-€43,481▼ 1,158%-€2,833▲ 93.5%-€16,031▼ 466%€4,595
Equity-€19,188▼ 22.0%-€62,669▼ 227%-€65,501▼ 4.5%-€81,532▼ 24.5%-€73,237▲ 10.2%
Total assets€69,946▼ 3.5%€26,334▼ 62.4%€24,971▼ 5.2%€20,220▼ 19.0%€22,211▲ 9.8%
Debt€89,134▲ 1.1%€89,003▼ 0.1%€90,472▲ 1.7%€101,752▲ 12.5%€95,448▼ 6.2%
Working capital-€31,793▼ 18.5%-€73,965▼ 133%-€73,459▲ 0.7%-€93,594▼ 27.4%-€82,021▲ 12.4%
Staff (FTE)8.4▲ 110%7.5▼ 10.7%4.7▼ 37.3%3.6▼ 23.4%4.5▲ 25.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7,461 after a loss of €14,831 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22,211
Fixed assets
€8,784 ▼ 27.2%
Current assets
€13,427 ▲ 64.6%
Key figures and ratios
EBITDA
€10,739▲
2024 · -€11,102
Cash flow
€7,873▲
2024 · -€12,302
Solvency
-329.7%▲
2024 · -403.2%
Current ratio
0.14▲
2024 · 0.08
Quick ratio
0.12▲
2024 · 0.07
Debt to equity
-1.30▼
2024 · -1.25
ROA
20.7%▲
2024 · -79.3%
Interest coverage
3.90▲
2024 · -10.47
Debt ≤ 1 year
€95,448▼
2024 · €101,752
Income taxes
€141▲
2024 · €140
Staff costs
€73,515▲
2024 · €62,926
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,639 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,058 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 3,639 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €57,445 | €66,499 | €57,852 | €62,926 | €73,515 | ▲ 16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,074 | €3,227 | €3,339 | €3,729 | €3,278 | ▼ 12.1% |
| Other operating charges640/8 | €3,310 | €5,629 | €4,805 | €2,860 | €2,756 | ▼ 3.6% |
| Gross operating margin9900 | €60,052 | €32,455 | €76,693 | €54,683 | €87,010 | ▲ 59.1% |
| Operating profit (loss)9901 | -€3,776 | -€42,900 | €10,697 | -€14,831 | €7,461 | ▲ 150% |
| Financial income75/76B | €1,121 | €1,587 | €410 | €0 | €29 | ▲ 26,173% |
| Recurring financial income75 | €1,121 | €1,587 | €410 | €0 | €29 | ▲ 26,173% |
| Financial charges65/66B | €800 | €2,168 | €1,313 | €1,060 | €2,754 | ▲ 160% |
| Recurring financial charges65 | €800 | €2,168 | €1,313 | €1,060 | €2,754 | ▲ 160% |
| Profit (loss) for the period before taxes9903 | -€3,455 | -€43,481 | €9,794 | -€15,892 | €4,736 | ▲ 130% |
| Income taxes67/77 | - | - | €12,626 | €140 | €141 | ▲ 1.0% |
| Profit (loss) for the period9904 | -€3,455 | -€43,481 | -€2,833 | -€16,031 | €4,595 | ▲ 129% |
| Profit (loss) for the period to be appropriated9905 | -€3,455 | -€43,481 | -€2,833 | -€16,031 | €4,595 | ▲ 129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69,946 | €26,334 | €24,971 | €20,220 | €22,211 | ▲ 9.8% |
| Fixed assets21/28 | €12,605 | €11,297 | €7,957 | €12,061 | €8,784 | ▼ 27.2% |
| Tangible fixed assets22/27 | €9,605 | €8,297 | €4,957 | €9,061 | €5,784 | ▼ 36.2% |
| Plant, machinery and equipment23 | €3,817 | €5,280 | €3,619 | €2,036 | €677 | ▼ 66.7% |
| Furniture and vehicles24 | €4,913 | €2,338 | €855 | €6,738 | €5,014 | ▼ 25.6% |
| Other tangible fixed assets26 | €875 | €679 | €484 | €288 | €92 | ▼ 68.0% |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €57,341 | €15,038 | €17,014 | €8,158 | €13,427 | ▲ 64.6% |
| Stocks and contracts in progress3 | €1,250 | €1,250 | - | €1,500 | €1,500 | = |
| Stocks30/36 | €1,250 | €1,250 | - | €1,500 | €1,500 | = |
| Amounts receivable within one year40/41 | €45,017 | €11,321 | €16,906 | €6,572 | €2,457 | ▼ 62.6% |
| Trade receivables40 | €3,123 | €2,700 | €3,072 | €1,252 | €1,889 | ▲ 51.0% |
| Other amounts receivable41 | €41,893 | €8,621 | €13,834 | €5,320 | €568 | ▼ 89.3% |
| Cash at bank and in hand54/58 | €5,765 | €845 | - | €87 | €9,052 | ▲ 10,346% |
| Deferred charges and accrued income490/1 | €5,310 | €1,622 | €108 | - | €418 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69,946 | €26,334 | €24,971 | €20,220 | €22,211 | ▲ 9.8% |
| Equity10/15 | -€19,188 | -€62,669 | -€65,501 | -€81,532 | -€73,237 | ▲ 10.2% |
| Contributions10/11 | €14,900 | €14,900 | €14,900 | €14,900 | €18,600 | ▲ 24.8% |
| Reserves13 | €10,549 | €10,549 | €10,549 | €10,549 | €10,549 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €8,689 | €8,689 | €8,689 | €8,689 | €8,689 | = |
| Profit (loss) carried forward14 | -€44,637 | -€88,117 | -€90,950 | -€106,981 | -€102,386 | ▲ 4.3% |
| Amounts payable17/49 | €89,134 | €89,003 | €90,472 | €101,752 | €95,448 | ▼ 6.2% |
| Amounts payable within one year42/48 | €89,134 | €89,003 | €90,472 | €101,752 | €95,448 | ▼ 6.2% |
| Financial debts43 | €1,891 | €2,493 | €2,497 | - | €494 | - |
| Credit institutions430/8 | €1,891 | €2,493 | €2,497 | - | €494 | - |
| Trade debts44 | €56,639 | €58,520 | €40,892 | €34,140 | €39,663 | ▲ 16.2% |
| Suppliers440/4 | €56,639 | €58,520 | €40,892 | €34,140 | €39,663 | ▲ 16.2% |
| Taxes, remuneration and social security45 | €6,005 | €3,390 | €22,483 | €15,473 | €12,559 | ▼ 18.8% |
| Taxes450/3 | - | - | €14,933 | €9,417 | €297 | ▼ 96.8% |
| Remuneration and social security454/9 | €6,005 | €3,390 | €7,550 | €6,056 | €12,262 | ▲ 102% |
| Other amounts payable47/48 | €24,600 | €24,600 | €24,600 | €52,139 | €42,733 | ▼ 18.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,455 | -€43,481 | -€2,833 | -€16,031 | €4,595 | ▲ 129% |
| + Depreciation and write-downs630 | €3,074 | €3,227 | €3,339 | €3,729 | €3,278 | ▼ 12.1% |
| Operating cash flow (approximation) | -€382 | -€40,254 | €507 | -€12,302 | €7,873 | ▲ 164% |
| Investment in fixed assets (approximation) | - | -€1,919 | €0 | -€7,833 | €0 | ▲ 100% |
| Change in cash | - | -€4,920 | - | - | €8,965 | - |
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
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4,595
Net result €4,595 after 4 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€43,481
Net result drops to -€43,481, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 53 days late
2020
31-12
Financial
Back to profitnet €24,636
Net result €24,636 after 2 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
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, Oudenaarde · 1 establishment unit since 2014
Ground area
108 m²
Building footprint
122 m²
Volume, LiDAR
1,140 m³
Parcel 45508B0095/00X000, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Pizza Talia Oudenaarde
since 20142.229.890.735
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45508B0095/00X000 | Flanders | 107 m² | 1 · 122 m² | 14.0 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudenaarde2.229.890.735
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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 21,859 companies in sector 56112 we hold annual accounts for 9,779. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded16-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0550681074
Also
9925:BE0550681074
Registered
20-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.