FM IMMO
ActiveSummary
FM IMMO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €232,666 and a net result of €2,880. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 49% of 9354 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+1
Solvency55=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.07 in 2024; short-term debt: 65.8% and cash: 0% of total assets), and 69.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.1%
Return on assets
0.4%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 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
26 d late
2024
222 d late
2023
29 d late
2022
28 d late
2021
334 d late
2020
81 d late
2019
60 d late
← 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 111 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 1 March (4 of the last 5 filed years within 193 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 oldest company in Heist-op-den-Berg, Real estate sector
Equity
€232,666▲ 1.3%
2024 · €229,786
Total assets
€773,064▲ 0.6%
2024 · €768,364
Net result
€2,880
2024 · -€1,828
Working capital
-€468,613▲ 0.6%
2024 · -€471,493
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,410▼ 50.9%-€109-€3,061▼ 2,699%-€1,843▲ 39.8%-€2,816▼ 52.8%
Net result€107within the sector's middle half▼ 99.9%-€1,830within the sector's middle half-€1,272within the sector's middle half▲ 30.5%-€1,828within the sector's middle half▼ 43.7%€2,880within the sector's middle half
Equity€234,714within the sector's middle half=€232,885within the sector's middle half▼ 0.8%€231,613within the sector's middle half▼ 0.5%€229,786within the sector's middle half▼ 0.8%€232,666within the sector's middle half▲ 1.3%
Total assets€922,242within the sector's middle half▼ 2.1%€822,365within the sector's middle half▼ 10.8%€816,573within the sector's middle half▼ 0.7%€768,364within the sector's middle half▼ 5.9%€773,064within the sector's middle half▲ 0.6%
Debt€687,528▼ 2.8%€589,481▼ 14.3%€584,960▼ 0.8%€538,579▼ 7.9%€540,398▲ 0.3%
Working capital€197,530within the sector's middle half▲ 0.1%-€532,799below the sector's middle half-€534,071below the sector's middle half▼ 0.2%-€471,493below the sector's middle half▲ 11.7%-€468,613below the sector's middle half▲ 0.6%
Solvency25.5%within the sector's middle half▲ 0.5pp28.3%within the sector's middle half▲ 2.9pp28.4%within the sector's middle half=29.9%within the sector's middle half▲ 1.5pp30.1%within the sector's middle half▲ 0.2pp
Current ratio1.29within the sector's middle half▲ 0.010.10below the sector's middle half▼ 1.190.09below the sector's middle half▼ 0.010.07below the sector's middle half▼ 0.020.08below the sector's middle half▲ 0.01
Return on assets (ROA)0.0%within the sector's middle half▼ 9.7pp-0.2%within the sector's middle half▼ 0.2pp-0.2%within the sector's middle half▲ 0.1pp-0.2%within the sector's middle half▼ 0.1pp0.4%within the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,816 in 2025 against €1,843 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €773,064
Fixed assets
€733,184 =
Current assets
€39,880 ▲ 13.4%
Equity and liabilities €773,064
Equity
€232,666 ▲ 1.3%
Debt
€540,398 ▲ 0.3%
Debt's share of the balance-sheet total falls from 70.1% to 69.9%. Equity and debt are higher.
Key figures and ratios
Debt to equity
2.32▼
2024 · 2.34
ROE
1.2%▲
2024 · -0.8%
Debt ≤ 1 year
€508,493▲
2024 · €506,674
Debt > 1 year
€31,905=
2024 · €31,905
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €291 | €1,259 | €977 | €0 | €1,702 | - |
| Gross operating margin9900 | €2,701 | €1,150 | -€2,084 | -€1,843 | -€1,114 | ▲ 39.5% |
| Operating profit (loss)9901 | €2,410 | -€109 | -€3,061 | -€1,843 | -€2,816 | ▼ 52.8% |
| Financial income75/76B | - | €724 | €7,318 | €6,960 | €13,920 | ▲ 100% |
| Recurring financial income75 | - | €724 | €7,318 | €6,960 | €13,920 | ▲ 100% |
| Financial charges65/66B | €2,303 | €2,444 | €5,505 | €6,945 | €8,224 | ▲ 18.4% |
| Recurring financial charges65 | €2,303 | €2,444 | €5,505 | €6,945 | €8,224 | ▲ 18.4% |
| Profit (loss) for the period before taxes9903 | €107 | -€1,830 | -€1,248 | -€1,828 | €2,880 | ▲ 258% |
| Income taxes67/77 | - | - | €24 | €0 | - | - |
| Profit (loss) for the period9904 | €107 | -€1,830 | -€1,272 | -€1,828 | €2,880 | ▲ 258% |
| Profit (loss) for the period to be appropriated9905 | €107 | -€1,830 | -€1,272 | -€1,828 | €2,880 | ▲ 258% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €922,242 | €822,365 | €816,573 | €768,364 | €773,064 | ▲ 0.6% |
| Fixed assets21/28 | €37,184 | €765,684 | €765,684 | €733,184 | €733,184 | = |
| Financial fixed assets28 | €37,184 | €765,684 | €765,684 | €733,184 | €733,184 | = |
| Current assets29/58 | €885,058 | €56,681 | €50,889 | €35,180 | €39,880 | ▲ 13.4% |
| Amounts receivable within one year40/41 | €885,054 | €56,680 | €50,889 | €35,179 | €39,880 | ▲ 13.4% |
| Other amounts receivable41 | €885,054 | €56,680 | €50,889 | €35,179 | €39,880 | ▲ 13.4% |
| Cash at bank and in hand54/58 | €3 | €1 | - | €1 | €0 | ▼ 56.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €922,242 | €822,365 | €816,573 | €768,364 | €773,064 | ▲ 0.6% |
| Equity10/15 | €234,714 | €232,885 | €231,613 | €229,786 | €232,666 | ▲ 1.3% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €73,719 | €73,719 | €73,719 | €167,812 | €170,692 | ▲ 1.7% |
| Non-distributable reserves130/1 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | €67,521 | €67,521 | €67,521 | €161,615 | €164,495 | ▲ 1.8% |
| Profit (loss) carried forward14 | €99,022 | €97,193 | €95,921 | €0 | - | - |
| Amounts payable17/49 | €687,528 | €589,481 | €584,960 | €538,579 | €540,398 | ▲ 0.3% |
| Amounts payable after more than one year17 | - | - | - | €31,905 | €31,905 | = |
| Other amounts payable178/9 | - | - | - | €31,905 | €31,905 | = |
| Amounts payable within one year42/48 | €687,528 | €589,481 | €584,960 | €506,674 | €508,493 | ▲ 0.4% |
| Financial debts43 | €677 | €1,630 | €415 | €0 | - | - |
| Credit institutions430/8 | €677 | €1,630 | €415 | €0 | - | - |
| Trade debts44 | €2,520 | €8,957 | €7,259 | €8,908 | €11,268 | ▲ 26.5% |
| Suppliers440/4 | €2,520 | €8,957 | €7,259 | €8,908 | €11,268 | ▲ 26.5% |
| Taxes, remuneration and social security45 | €14,572 | €4,372 | - | - | - | - |
| Taxes450/3 | €14,572 | €4,372 | - | - | - | - |
| Other amounts payable47/48 | €669,758 | €574,522 | €577,286 | €497,766 | €497,226 | ▼ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €107 | -€1,830 | -€1,272 | -€1,828 | €2,880 | ▲ 258% |
| Operating cash flow (approximation) | €107 | -€1,830 | -€1,272 | -€1,828 | €2,880 | ▲ 258% |
| Investment in fixed assets (approximation) | - | -€728,500 | €0 | €32,500 | €0 | ▼ 100% |
| Change in cash | - | -€3 | - | - | -€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
Next filing, fiscal year 2026, expected by
2026
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 222 days late
30-06
Financial
Back to profitnet €2,880
Net result €2,880 after 3 loss-making years.
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 334 days late
30-06
Financial
Weakest financial yearnet -€1,830
Net result drops to -€1,830, the lowest in the series; recovery starts the following year.
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 81 days late
2020
30-06
Financial
Back to profitnet €91,341
Net result €91,341 after one loss-making year.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
23-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Heist-op-den-Berg · 1 establishment unit since 1985
Ground area
1,099 m²
Building footprint
177 m²
Parcel 12014K1103/00A000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FM IMMO
since 19852.027.820.731
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K1103/00A000 | Flanders | 1,099 m² | 1 · 177 m² | - |
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 owner · 1 holdingChain of control
- FM-CONSTRUCTION
- FM IMMO
Highest known parent: FM-CONSTRUCTION. The sources do not say who stands above it.
Owners 1
- FM-CONSTRUCTIONparent84.8%
Holdings 1
-
81.62%
According to the annual accounts to 30-06-2025 of FM IMMO and those 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.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,860 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-08-1985
Fiscal year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
42990Civil engineering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427624795
Also
9925:BE0427624795
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.