Active BE 0425.626.003Public limited companyOpen bankruptcy

FM FRANS MAES

A. Dassonvillelaan 4 ·8860 Lendelede, Belgium· 42 yrs active

Sector: Landschapsverzorging (81300)

Conclusion Checked

A bankruptcy procedure is open for FM FRANS MAES according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €254k and a net result of €-56k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€254k
Net result	€-56k
Staff (FTE)	12.3
Better than sector	34%

Financial profile 5 of 5 axes measured · computed by Checked

21 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 8

Profitability 0

Solvency 65

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2020 · computed

8 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 21-04-2021 with the NBB · fiscal year 2020 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 81, Cleaning & landscape services · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	24.0%	34.8%	better than 34% of 65 sector peers
Net result	€1k	€21k	better than 25% of 65 sector peers
Equity	€254k	€193k	better than 58% of 65 sector peers
Gross operating margin	€524k	€365k	better than 57% of 65 sector peers
Employees (FTE)	12.3	8.5	better than 64% of 46 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€33k

- 18-20

Net profit

€-56k

+1.9% 18-20

Cash flow

€-31k

-100.3% 18-20

Total assets

€1.06M

-1.2% 18-20

Equity

€254k

+0.4% 18-20

Working capital

€141k

+16.0% 18-20

Employees (FTE)

12

-13.4% 18-20

Income taxes

€341

-69.5% 18-20

Show 9 other metrics

Debt

€805k

-1.7% 18-20

Debt ≤ 1y

€598k

-6.4% 18-20

Debt > 1y

€154k

-11.8% 18-20

Current ratio

1.24

+3.8% 18-20

Quick ratio

1.04

-0.7% 18-20

Solvency

24.0%

+1.7% 18-20

Debt / equity

0.61

-12.2% 18-20

ROE

-22.1%

+2.3% 18-20

ROA

-5.3%

+0.7% 18-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	verkort
Revenue	-
EBITDA	€33k
Net profit	€-56k
Cash flow	€-31k
Staff costs	-
Income taxes	€341
Dividends	-
Total assets	€1.06M
Equity	€254k
Debt	€805k
of which ≤ 1y	€598k
of which > 1y	€154k
Working capital	€141k
Employees (FTE)	12.3

Ratios (computed)

	2020
Current ratio	1.24
Quick ratio	1.04
Working capital ratio	13.3%
Solvency	24.0%
Debt / equity	0.61
Long-term debt ratio	0.61
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-5.3%
ROE	-22.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €320k · 30.2% Current assets €739k · 69.8%

Equity & liabilities

Equity €254k · 24.0% Debt €805k · 76.0%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.06M
Fixed assets	21/28	€320k
Tangible fixed assets	22/27	€276k
Financial fixed assets	28	€44k
Current assets	29/58	€739k
Stocks & contracts in progress	3	€115k
Amounts receivable within one year	40/41	€591k
Cash & bank	54/58	€25k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.06M
Equity	10/15	€254k
Contributions / capital	10/11	€180k
Reserves	13	€131k
Accumulated profits (losses)	14	€-56k
Amounts payable	17/49	€805k
Amounts payable after one year	17	€154k
Amounts payable within one year	42/48	€598k
Trade debts payable within one year	44	€292k
Income statement
Gross operating margin	9900	€524k
Operating result	9901	€8k
Financial income	75	€9k
Financial charges	65	€16k
Result before taxes	9903	€1k
Income taxes	67/77	€341
Net result for the period	9904	€1k
Result to be appropriated	9905	€1k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	NATHALIE BEERNAERT DAMMESTRAAT-WEST 6, 8800 ROESELARE	01-03-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Landschapsverzorging(81300)
Legal form	Public limited company(014)
Incorporation	02-03-1984
Status	Active
Postal code	8860
First BS signal	07-03-2022
Latest BS signal	07-03-2022

Establishment units 1 location

FM FRANS MAES NV

A. Dassonvillelaan 4, 8860 LendeledeTeelt van rijst

since 19842.024.419.989

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34025B0058/00L000	Flanders	1,098 m²	1 · 437 m²	11.9 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

07-03-2022

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · FM FRANS MAES NV A. DASSONVILLELAAN 4, 8860 LENDELEDE · event 01-03-2022

2021

21-04-2021