Debts
€423,830 81% of the balance sheet
Financial debts 39%Suppliers 5%Taxes and wages 3%Other 53%
Of this, €258,593 falls due within a year.
FM
Lifetime
14 annual accounts with figures on one time axis, 15 filings since 2010peak €63,088 (2021)
€22,467▼ 42.0%
lowest -€26,793 (2019)
-€3,548▼ €13,541
peak €105,925 (2023)
€102,377▼ 3.3%
€423,830▼ 30.2%
Board3 names since 2019
2 directorsFrederik Mijten and 1 other
Documentsfilings and deeds
28-08-202528 days late
2024micro format
Gross margin from €38,742 to €22,467Loss of €3,548Debts from €607,177 to €423,830Cash from €7,585 to €3,668
Key points
from the 2024 annual accountsFilings
15 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€3,548
Lower net result than 91% of companies in veterinary activities. Sector median €29,560 · 1,467 companies.
Checked score
53
Fair
Financially stronger than 16% of micro companies in veterinary activities (NACE 75)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 1,971 companies (NACE 75, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.2%▲ +0.1 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%▼ -0.2 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026
10-2026: 0.8%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 0.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 29-08-2025)
Liquidity: current ratio 0.34, cash €3,668, halved
lowers risk
Size: total assets €526,207
Sector: Veterinary activities (NACE 75)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 75, micro). It does better than 22% of them on solvency, 6% on liquidity, 9% on profitability and 27% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,423 companies had the same profile as FM has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FM itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,423 companies, not a prediction for FM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is insufficient, with a current ratio of 0.34 (0.63 in 2023), below 1. Short-term debt is 49.1% and cash 0.7% of total assets. 80.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1467 sector peers (2024).
NBB · sector comparisonPosition among 1467 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 28 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
28 days late
2023
46 days late
2022
29 days late
2021
26 days late
2020
61 days late
2019
58 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 41 days after the deadline. In the sector (NACE 75), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
Reappointments: Frederik Mijten (director) and Winde Auwerx (director)
General meeting of 28-05-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0821142414
Environmental permit granted
Bouwen of herbouwen · Hasselt
1 director appointed, 1 resignation, 1 reappointment
Reappointment: Mijten Frederik (managing director) · Appointment: Auwerx Winde (managing director) · Resignation: Herreman Estelle · General meeting of 13-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FM Hasselt | €526,207 | €22,467 | 19.5% | - |
| Taurovet Kaprijke | €439,550 | €18,278 | 63.8% | - |
| CABINET GERADON MILCAMP Rochefort | €373,586 | €25,358 | 98.6% | - |
| CABINET VETERINAIRE XMV Couvin | €369,414 | €21,403 | 74.3% | - |
| BOLLE KRIS DIERENARTSPRAKTIJK Kortemark | €393,142 | €21,017 | 77.3% | - |
| DAP Van Hove F & E Herentals | €336,386 | €32,296 | 35.1% | - |
| Expert-Vet Herstal | €950,108 | €26,180 | 10.2% | - |
These companies have the same main activity as FM: veterinary services (NACE 75000). They are comparable in size and age: total assets between €336,000 and €950,000, founded between 2000 and 2013.
Official details
Source: KBO- Status
- Active since 02-12-2009Normal situation
- Activity
- Veterinary servicesNACE 75000and 4 others
- Establishment unit
- 2.186.225.5903560 Lummen, since 04-12-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 21-01-2026
Insights on FM
FM files the micro format. That format states no turnover. The gross margin fell from €53,773 in 2011 to €22,467 in 2024.
The balance sheet grew most from 2017 to 2019 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FM
- What is the company number of FM?
- The company number of FM is 0821.142.414. The VAT number is the same number with BE in front: BE 0821.142.414.
- Where is FM based?
- The registered office is at Wijerstraat 127, 3510 Hasselt.Company details
- What does FM do?
- According to the KBO register, the main activity is veterinary services (NACE 75000).
- What is the legal form of FM?
- FM is a public limited company (NV).
- When was FM founded?
- FM was founded on 02-12-2009.
- Is FM still active?
- Yes, FM is an active enterprise in the KBO register.
- What is the turnover of FM?
- The turnover in financial year 2024 is ≈ €170,000. This figure is estimated from the gross margin of €22,467 and 6,299 comparable companies of the same size. It probably lies between €78,000 and €410,000. It is a rough estimate.Financials
- Is FM profitable?
- In financial year 2024, FM made a loss of €3,548.
- Where can I find the annual accounts of FM?
- FM filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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