FM AGENCY

Active

Private limited company (pre-2019)founded 2016active for 10 yearsKlaterstraat 35, 2830 Willebroek, BelgiumKBO/BCE: BE 0659.707.787

Summary

The computed 12-month bankruptcy probability of FM AGENCY is 5.8% (elevated). The 2025 annual accounts show negative equity (-€262,229) and a net result of -€148,444. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 13,642 sector peers (NACE 46, financial year 2025). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

FM AGENCYActiveChecked score 33/100

Risk analysis Report Compare

Activity

Wholesale of wines and spirits

NACE 46341Retail sale of wines and spirits NACE 47251

1 site

Size

€311,863total assets 2025

Staff: 1.6 FTE
Equity: -€262,229
Loss: -€148,444

Turnover not published (abbreviated or micro format)

Financial health

33 Weak Checked score 2025

Bankruptcy probabilitywithin 12 months: 5.8%

Structure

BV BranonDirector · permanent representative Ulrik Vercruysse
BV KOGENIDirector · permanent representative Inge Vercruysse

2025 accounts 35 days early3 of 6 deeds summarised

Why 33raises riskLoss of €148,444, the second in a row (financial year 2025)1 change of registered office in 24 monthsNegative equity -€262,229lowers riskSize: total assets €311,863Show the evidence

Checked score

Score 2025

33 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 5% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0-2

equity -84.1% of total assets

Liquidity 2-30

short-term debt 96.9% · cash 1.6%

Profitability 0-3

return on assets -47.6%

Bankruptcy probability, 12 months

5.8% Elevated

0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,881 companies, NACE 46, micro)

Last 24 months 11-2024: 4.1% 12-2024: 4.1%● unchanged vs 11-2024 01-2025: 4.0%▼ -0.1 percentage points vs 12-2024 02-2025: 4.0%● unchanged vs 01-2025 03-2025: 4.0%● unchanged vs 02-2025 04-2025: 4.1%▲ +0.1 percentage points vs 03-2025 05-2025: 4.3%▲ +0.2 percentage points vs 04-2025 06-2025: 4.2%▼ -0.1 percentage points vs 05-2025 07-2025: 4.2%● unchanged vs 06-2025 08-2025: 4.8%▲ +0.6 percentage points vs 07-2025 09-2025: 4.8%● unchanged vs 08-2025 10-2025: 2.6%▼ -2.2 percentage points vs 09-2025 11-2025: 2.6%● unchanged vs 10-2025 12-2025: 2.6%● unchanged vs 11-2025 01-2026: 2.7%▲ +0.1 percentage points vs 12-2025 02-2026: 2.7%● unchanged vs 01-2026 03-2026: 2.6%▼ -0.1 percentage points vs 02-2026 04-2026: 2.7%▲ +0.1 percentage points vs 03-2026 05-2026: 2.6%▼ -0.1 percentage points vs 04-2026 06-2026: 2.5%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 3.4%▲ +0.9 percentage points vs 06-2026 08-2026: 3.4%● unchanged vs 07-2026 09-2026: 3.4%● unchanged vs 08-2026 10-2026: 5.8%▲ +2.4 percentage points vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.74, compared with 0.97 in 2024, below 1; short-term debt: 96.9% and cash: 1.6% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 6% on solvency, 5% on liquidity, 6% on profitability and 4% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Loss of €148,444, the second in a row (financial year 2025)

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

Size: total assets €311,863

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity -€262,229

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€262,229

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

35 days early

2024

89 days late

2023

78 days late

2022

4 days late

2021

31 days early

2020

40 days early

2019

3 days 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 9 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 August (4 of the last 5 filed years within 75 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

15-09-2026 Registered officeRegistered-office move · Power of…
26-06-2026 Annual accounts filedfinancial year 2025 · micro…
31-12-2025 Weakest financial yearnet -€148,444

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€262,229 View
Risk: 4 loss-making years in a rowloss financial year 2025 -€148,444 View
Caution: Result fell in 2025from -€62,096 to -€148,444 ▼ 139% View
Caution: Among the weakest 5% on net resultsector median €5,649 · 13,648 companies -€148,444 View

By topic

Financials

Financial year: 2025
Total assets: €311,863
Loss: -€148,444
Solvency: -84.1%

Total assets▼ 38.3%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members

BV BranonDirector
BV KOGENIDirector

Go to Board & ownership

Timeline

Events: 14
Since: 2018
Next accounts: by 31-07-2027

28-10-2025Annual accounts filed
13-08-2025Appointments: BV Branon (director) and BV Kogeni…
17-10-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company (pre-2019)
Activity: Wholesale of wines and spiritsNACE 46341
Founded: 15-07-2016
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about FM AGENCY

What is the company number of FM AGENCY?: 0659.707.787. In Belgium the VAT number is the company number with BE in front: BE 0659.707.787.
Where is FM AGENCY based?: The registered office is at Klaterstraat 35, 2830 Willebroek.Company details
What does FM AGENCY do?: According to the KBO register, the main activity is wholesale of wines and spirits (NACE 46341).
What is the legal form of FM AGENCY?: Private limited company (pre-2019) (BVBA).
When was FM AGENCY founded?: On 15-07-2016.
Is FM AGENCY still active?: Yes, FM AGENCY is an active enterprise in the KBO register.
How many employees does FM AGENCY have?: On average 1.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of FM AGENCY?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is FM AGENCY profitable?: In financial year 2025, FM AGENCY made a loss of €148,444.
Where can I find the annual accounts of FM AGENCY?: FM AGENCY filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FM AGENCY due?: By 31-07-2027, for financial year 2026.Timeline