FM FINITIONS
ActiveSummary
FM FINITIONS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €130,123 and a net result of €46,915. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 3557 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+15
Solvency54▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.81 in 2023; short-term debt: 60.2% and cash: 4% of total assets), and 70.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
20 d late
2022
25 d late
2021
26 d late
2020
23 d late
2019
63 d early
← 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 10 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check 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
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, full schema
In the rankings
#7 company by total assets in Bouillon, Construction sector#8 oldest company in Bouillon, Construction sector#10 company by equity in Bouillon, Construction sector
Turnover
€532,516
EBIT margin
8.4%
Net result
€46,915▲ 84.8%
2023 · €25,390
Working capital
-€8,536▲ 83.2%
2023 · -€50,827
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€532,516
Operating result€81,592▲ 300%€44,788▼ 45.1%-€61,450€39,456€59,814▲ 51.6%
Net result€55,819above the sector's middle half▲ 891%€31,715above the sector's middle half▼ 43.2%-€72,875below the sector's middle half€25,390within the sector's middle half€46,915within the sector's middle half▲ 84.8%
EBIT margin8.4%
Equity€98,977within the sector's middle half▲ 129%€130,692above the sector's middle half▲ 32.0%€57,818below the sector's middle half▼ 55.8%€83,207within the sector's middle half▲ 43.9%€130,123within the sector's middle half▲ 56.4%
Total assets€300,335above the sector's middle half▼ 15.5%€314,884above the sector's middle half▲ 4.8%€388,034within the sector's middle half▲ 23.2%€412,472within the sector's middle half▲ 6.3%€441,903within the sector's middle half▲ 7.1%
Debt€201,358▼ 35.5%€184,192▼ 8.5%€330,216▲ 79.3%€329,265▼ 0.3%€311,780▼ 5.3%
Working capital€20,957within the sector's middle half€57,454within the sector's middle half▲ 174%€19,220within the sector's middle half▼ 66.5%-€50,827below the sector's middle half-€8,536below the sector's middle half▲ 83.2%
Solvency33.0%within the sector's middle half▲ 20.8pp41.5%within the sector's middle half▲ 8.5pp14.9%below the sector's middle half▼ 26.6pp20.2%below the sector's middle half▲ 5.3pp29.4%within the sector's middle half▲ 9.3pp
Current ratio1.19within the sector's middle half▲ 0.451.46within the sector's middle half▲ 0.281.08below the sector's middle half▼ 0.390.81below the sector's middle half▼ 0.270.97below the sector's middle half▲ 0.16
Return on assets (ROA)18.6%above the sector's middle half▲ 17.0pp10.1%within the sector's middle half▼ 8.5pp-18.8%below the sector's middle half▼ 28.9pp6.2%within the sector's middle half▲ 24.9pp10.6%within the sector's middle half▲ 4.5pp
Staff (FTE)4.4above the sector's middle half=3.1▼ 29.5%3.6within the sector's middle half▲ 16.1%1.6below the sector's middle half▼ 55.6%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 52% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €441,903
Fixed assets
€184,569 ▼ 5.2%
Current assets
€257,333 ▲ 18.2%
Equity and liabilities €441,903
Equity
€130,123 ▲ 56.4%
Debt
€311,780 ▼ 5.3%
Debt's share of the balance-sheet total falls from 79.8% to 70.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€104,973▲
2023 · €69,421
Cash flow
€92,074▲
2023 · €55,355
Debt to equity
2.40▼
2023 · 3.96
ROE
36.1%▲
2023 · 30.5%
Interest coverage
8.00▲
2023 · 4.82
Debt ≤ 1 year
€265,870▼
2023 · €268,572
Debt > 1 year
€41,810▼
2023 · €60,624
Staff costs
€29,720▼
2023 · €48,362
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
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 0.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 3,818 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €532,516 | - | - | - | - |
| Non-recurring operating income76A | - | €2,857 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €357,842 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €149,387 | €181,177 | €48,362 | €29,720 | ▼ 38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,882 | €18,549 | €16,530 | €29,965 | €45,159 | ▲ 50.7% |
| Other operating charges640/8 | - | €2,489 | - | €690 | €1,467 | ▲ 113% |
| Non-recurring operating charges66A | - | €8,908 | €4,278 | €490 | €279 | ▼ 43.2% |
| Gross operating margin9900 | €301,963 | €224,121 | €140,535 | €118,963 | €136,439 | ▲ 14.7% |
| Operating profit (loss)9901 | €81,592 | €44,788 | -€61,450 | €39,456 | €59,814 | ▲ 51.6% |
| Financial income75/76B | - | €481 | €272 | €349 | €225 | ▼ 35.6% |
| Recurring financial income75 | €2,053 | €481 | €252 | €0 | €2 | ▲ 290% |
| Non-recurring financial income76B | - | - | €19 | €349 | €223 | ▼ 36.0% |
| Financial charges65/66B | - | €6,622 | €9,366 | €14,416 | €13,123 | ▼ 9.0% |
| Recurring financial charges65 | €9,760 | €6,622 | €8,635 | €14,416 | €13,123 | ▼ 9.0% |
| Non-recurring financial charges66B | - | - | €731 | - | - | - |
| Profit (loss) for the period before taxes9903 | €73,886 | €38,648 | -€70,544 | €25,390 | €46,915 | ▲ 84.8% |
| Income taxes67/77 | €18,067 | €6,933 | €2,331 | - | - | - |
| Profit (loss) for the period9904 | €55,819 | €31,715 | -€72,875 | €25,390 | €46,915 | ▲ 84.8% |
| Profit (loss) for the period to be appropriated9905 | €55,819 | €31,715 | -€72,875 | €25,390 | €46,915 | ▲ 84.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €300,335 | €314,884 | €388,034 | €412,472 | €441,903 | ▲ 7.1% |
| Fixed assets21/28 | €166,250 | €133,238 | €118,165 | €194,728 | €184,569 | ▼ 5.2% |
| Tangible fixed assets22/27 | €166,030 | €133,238 | €118,058 | €194,621 | €184,462 | ▼ 5.2% |
| Land and buildings22 | - | €131,704 | €116,000 | €101,500 | €87,000 | ▼ 14.3% |
| Plant, machinery and equipment23 | - | - | €1,291 | €11,724 | €34,315 | ▲ 193% |
| Furniture and vehicles24 | - | €1,535 | €767 | €81,396 | €63,147 | ▼ 22.4% |
| Financial fixed assets28 | €220 | - | €107 | €107 | €107 | = |
| Current assets29/58 | €134,085 | €181,646 | €269,868 | €217,744 | €257,333 | ▲ 18.2% |
| Amounts receivable within one year40/41 | €83,550 | €166,222 | €265,097 | €202,662 | €235,454 | ▲ 16.2% |
| Trade receivables40 | - | €81,442 | €31,608 | €35,337 | €76,050 | ▲ 115% |
| Other amounts receivable41 | - | €84,780 | €233,488 | €167,325 | €159,404 | ▼ 4.7% |
| Cash at bank and in hand54/58 | €50,535 | €9,770 | €1,909 | €11,162 | €17,722 | ▲ 58.8% |
| Deferred charges and accrued income490/1 | - | €5,654 | €2,863 | €3,920 | €4,157 | ▲ 6.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €300,335 | €314,884 | €388,034 | €412,472 | €441,903 | ▲ 7.1% |
| Equity10/15 | €98,977 | €130,692 | €57,818 | €83,207 | €130,123 | ▲ 56.4% |
| Contributions10/11 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Outside capital11 | - | €18,750 | - | - | - | - |
| Other1109/19 | - | €18,750 | - | - | - | - |
| Reserves13 | €1,875 | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Non-distributable reserves130/1 | - | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Reserves not available under the articles1311 | - | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Profit (loss) carried forward14 | €78,352 | €110,067 | €37,193 | €62,582 | €109,498 | ▲ 75.0% |
| Amounts payable17/49 | €201,358 | €184,192 | €330,216 | €329,265 | €311,780 | ▼ 5.3% |
| Amounts payable after more than one year17 | €88,230 | €60,000 | €39,999 | €60,624 | €41,810 | ▼ 31.0% |
| Financial debts170/4 | - | €60,000 | €39,999 | €60,624 | €41,810 | ▼ 31.0% |
| Amounts payable within one year42/48 | €113,128 | €124,192 | €250,649 | €268,572 | €265,870 | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | €20,000 | €21,910 | €20,722 | €22,249 | ▲ 7.4% |
| Financial debts43 | - | €25,000 | €62,841 | €60,197 | €62,101 | ▲ 3.2% |
| Credit institutions430/8 | - | €25,000 | €62,841 | €60,197 | €62,101 | ▲ 3.2% |
| Trade debts44 | €50,805 | €46,934 | €26,368 | €98,083 | €167,716 | ▲ 71.0% |
| Suppliers440/4 | - | €46,934 | €26,368 | €98,083 | €167,716 | ▲ 71.0% |
| Taxes, remuneration and social security45 | - | €30,679 | €13,101 | €20,364 | €12,224 | ▼ 40.0% |
| Taxes450/3 | - | €30,679 | €10,574 | €209 | - | - |
| Remuneration and social security454/9 | - | - | €2,526 | €20,155 | €12,224 | ▼ 39.3% |
| Other amounts payable47/48 | - | €1,579 | €126,429 | €69,205 | €1,579 | ▼ 97.7% |
| Accrued charges and deferred income492/3 | - | - | €39,568 | €69 | €4,100 | ▲ 5,815% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,819 | €31,715 | -€72,875 | €25,390 | €46,915 | ▲ 84.8% |
| + Depreciation and write-downs630 | €28,882 | €18,549 | €16,530 | €29,965 | €45,159 | ▲ 50.7% |
| Operating cash flow (approximation) | €84,701 | €50,264 | -€56,344 | €55,355 | €92,074 | ▲ 66.3% |
| Investment in fixed assets (approximation) | - | €14,463 | -€1,457 | -€106,528 | -€35,000 | ▲ 67.1% |
| Change in cash | - | -€40,765 | -€7,861 | €9,253 | €6,561 | ▼ 29.1% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Equity above €100,000Eq €130,123 ▲56.4%
2 profitable years in a row build equity to €130,123.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 20 days late
2023
31-12
Financial
Back to profitnet €25,390
Net result €25,390 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet -€72,875
Net result drops to -€72,875, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Equity above €100,000Eq €130,692 ▲32%
4 profitable years in a row build equity to €130,692.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Highest result since 2018net €55,819 ▲891%
Operating result €81,592, net result €55,819, both a record.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Bouillon · 1 establishment unit since 2002
Ground area
278 m²
Building footprint
204 m²
Volume, LiDAR
1,930 m³
Parcel 84010D0176/02E000, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Route de Florenville 1, 6830 Bouillon
since 20022.094.693.818
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84010D0176/02E000 | Wallonia | 278 m² | 1 · 204 m² | 11.6 m · 3 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.
Structure & network
Owners and holdings
1 ownerChain of control
- FM Group Construct SRL
- FM FINITIONS
Highest known parent: FM Group Construct SRL. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
SIKA-FEN
BE 0890.100.209
Awans · Eq €130,368
PLEISTERWERKEN ENGELEN T.
BE 0897.521.105
Houthalen-Helchteren · Eq €129,797
BLOMME WIM
BE 0881.741.381
Maldegem · Eq €129,624
Interpower
BE 0452.236.467
Antwerpen · Eq €130,629
DAVID BLOMME
BE 0687.663.682
Ieper · Eq €129,584
Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,473 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
Founded11-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43331Floor and wall tiling
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477293151
Also
9925:BE0477293151
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.