FM-ITS
ActiveSummary
FM-ITS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €67k and a net result of €19k. Equity is growing by ~32.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+12
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity ample (current ratio 5.47 against 6.03 in 2023; short-term debt: 18.1% and cash: 59.8% of total assets), and 18.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-12-2025, 151 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
151 d late
2023
70 d late
2022
30 d late
2021
153 d late
2020
90 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€67k▲ 38.8%
2023 · €48k
2020: €22klowest in 5 years
2021: €28k▲ +28.3% vs 2020
2022: €41k▲ +47.4% vs 2021
2023: €48k▲ +18.3% vs 2022
2024: €67k▲ +38.8% vs 2023highest in 5 years
2020 → 2024
Total assets
€82k▲ 41.8%
2023 · €57k
2020: €49klowest in 5 years
2021: €63k▲ +28.7% vs 2020
2022: €61k▼ -2.0% vs 2021
2023: €57k▼ -6.1% vs 2022
2024: €82k▲ +41.8% vs 2023highest in 5 years
2020 → 2024
Net result
€19k▲ 151%
2023 · €7k
2020: €17k
2021: €6k▼ -66.0% vs 2020lowest in 5 years
2022: €13k▲ +133% vs 2021
2023: €7k▼ -43.2% vs 2022
2024: €19k▲ +151% vs 2023highest in 5 years
2020 → 2024
Working capital
€66k▲ 39.8%
2023 · €47k
2020: €17klowest in 5 years
2021: €22k▲ +31.1% vs 2020
2022: €38k▲ +73.2% vs 2021
2023: €47k▲ +25.2% vs 2022
2024: €66k▲ +39.8% vs 2023highest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€22k-€28k▲ 28.3%€41k▲ 47.4%€48k▲ 18.3%€67k▲ 38.8%
2020: €22klowest in 5 years
2021: €28k▲ +28.3% vs 2020
2022: €41k▲ +47.4% vs 2021
2023: €48k▲ +18.3% vs 2022
2024: €67k▲ +38.8% vs 2023highest in 5 years
Operating result€23k-€10k▼ 57.0%€20k▲ 103%€12k▼ 40.9%€29k▲ 149%
2020: €23k
2021: €10k▼ -57.0% vs 2020lowest in 5 years
2022: €20k▲ +103% vs 2021
2023: €12k▼ -40.9% vs 2022
2024: €29k▲ +149% vs 2023highest in 5 years
Net result€17k-€6k▼ 66.0%€13k▲ 133%€7k▼ 43.2%€19k▲ 151%
2020: €17k
2021: €6k▼ -66.0% vs 2020lowest in 5 years
2022: €13k▲ +133% vs 2021
2023: €7k▼ -43.2% vs 2022
2024: €19k▲ +151% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 149% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €82k
Fixed assets
€680 ▼ 18.6%
Current assets
€81k ▲ 42.7%
Equity and liabilities €82k
Equity
€67k ▲ 38.8%
Debt
€15k ▲ 57.5%
Debt's share of the balance-sheet total rises from 16.3% to 18.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29k▲
2023 · €17k
Cash flow
€19k▲
2023 · €13k
Current ratio
5.47▼
2023 · 6.03
Debt to equity
0.22▲
2023 · 0.20
ROE
27.9%▲
2023 · 15.4%
ROA
22.9%▲
2023 · 12.9%
Interest coverage
42.37▲
2023 · 40.51
Debt ≤ 1 year
€15k▲
2023 · €9k
Income taxes
€10k▲
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€57k€82k▲
Fixed assets21/28€836€680▼
Tangible fixed assets22/27€156-
Plant, machinery and equipment23€156-
Financial fixed assets28€680€680=
Current assets29/58€57k€81k▲
Amounts receivable within one year40/41€7k€30k▲
Trade receivables40€360€21k▲
Other amounts receivable41€6k€8k▲
Cash at bank and in hand54/58€48k€49k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€57k€82k▲
Equity10/15€48k€67k▲
Contributions10/11€5k€5k=
Reserves13€20k€36k▲
Distributable reserves133€20k€36k▲
Profit (loss) carried forward14€23k€26k▲
Amounts payable17/49€9k€15k▲
Amounts payable within one year42/48€9k€15k▲
Current portion of amounts payable after more than one year42€3k-
Trade debts44€723€2k▲
Suppliers440/4€723€2k▲
Taxes, remuneration and social security45€5k€13k▲
Taxes450/3€5k€13k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€156▼
Other operating charges640/8€102€760▲
Gross operating margin9900€17k€30k▲
Operating profit (loss)9901€12k€29k▲
Financial income75/76B€88€252▲
Recurring financial income75€88€252▲
Financial charges65/66B€420€689▲
Recurring financial charges65€420€689▲
Profit (loss) for the period before taxes9903€11k€29k▲
Income taxes67/77€4k€10k▲
Profit (loss) for the period9904€7k€19k▲
Profit (loss) for the period to be appropriated9905€7k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€42k▲
Profit (loss) brought forward from the previous period14P€21k€23k▲
Transfer to equity691/2€5k€16k▲
To other reserves6921€5k€16k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €999 | €6k | €6k | €5k | €156 | ▼ 97.1% |
| Other operating charges640/8 | - | €0 | €620 | €102 | €760 | ▲ 648% |
| Gross operating margin9900 | €24k | €16k | €27k | €17k | €30k | ▲ 74.8% |
| Operating profit (loss)9901 | €23k | €10k | €20k | €12k | €29k | ▲ 149% |
| Financial income75/76B | - | €32 | €55 | €88 | €252 | ▲ 187% |
| Recurring financial income75 | €0 | €32 | €55 | €88 | €252 | ▲ 187% |
| Financial charges65/66B | - | €777 | €554 | €420 | €689 | ▲ 63.9% |
| Recurring financial charges65 | €73 | €777 | €554 | €420 | €689 | ▲ 63.9% |
| Profit (loss) for the period before taxes9903 | €23k | €9k | €19k | €11k | €29k | ▲ 153% |
| Income taxes67/77 | €6k | €3k | €6k | €4k | €10k | ▲ 156% |
| Profit (loss) for the period9904 | €17k | €6k | €13k | €7k | €19k | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | €17k | €6k | €13k | €7k | €19k | ▲ 151% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49k | €63k | €61k | €57k | €82k | ▲ 41.8% |
| Fixed assets21/28 | €15k | €13k | €6k | €836 | €680 | ▼ 18.6% |
| Tangible fixed assets22/27 | €14k | €12k | €6k | €156 | - | - |
| Plant, machinery and equipment23 | - | €4k | €2k | €156 | - | - |
| Furniture and vehicles24 | - | €8k | €4k | - | - | - |
| Financial fixed assets28 | €680 | €680 | €680 | €680 | €680 | = |
| Current assets29/58 | €34k | €50k | €55k | €57k | €81k | ▲ 42.7% |
| Amounts receivable within one year40/41 | €9k | €13k | €12k | €7k | €30k | ▲ 343% |
| Trade receivables40 | - | €10k | €12k | €360 | €21k | ▲ 5,866% |
| Other amounts receivable41 | - | €3k | - | €6k | €8k | ▲ 28.4% |
| Cash at bank and in hand54/58 | €23k | €35k | €40k | €48k | €49k | ▲ 1.6% |
| Deferred charges and accrued income490/1 | - | €3k | €2k | €2k | €2k | ▲ 26.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49k | €63k | €61k | €57k | €82k | ▲ 41.8% |
| Equity10/15 | €22k | €28k | €41k | €48k | €67k | ▲ 38.8% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Reserves13 | - | €5k | €15k | €20k | €36k | ▲ 80.0% |
| Distributable reserves133 | - | €5k | €15k | €20k | €36k | ▲ 80.0% |
| Profit (loss) carried forward14 | €17k | €18k | €21k | €23k | €26k | ▲ 11.5% |
| Amounts payable17/49 | €27k | €35k | €21k | €9k | €15k | ▲ 57.5% |
| Amounts payable after more than one year17 | €10k | €7k | €3k | - | - | - |
| Financial debts170/4 | - | €7k | €3k | - | - | - |
| Amounts payable within one year42/48 | €17k | €28k | €17k | €9k | €15k | ▲ 57.5% |
| Current portion of amounts payable after more than one year42 | - | €3k | €3k | €3k | - | - |
| Trade debts44 | €3k | €845 | €0 | €723 | €2k | ▲ 178% |
| Suppliers440/4 | - | €845 | €0 | €723 | €2k | ▲ 178% |
| Taxes, remuneration and social security45 | - | €15k | €13k | €5k | €13k | ▲ 139% |
| Taxes450/3 | - | €15k | €13k | €5k | €13k | ▲ 139% |
| Other amounts payable47/48 | - | €9k | €1k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €6k | €13k | €7k | €19k | ▲ 151% |
| + Depreciation and write-downs630 | €999 | €6k | €6k | €5k | €156 | ▼ 97.1% |
| Operating cash flow (approximation) | €18k | €12k | €19k | €13k | €19k | ▲ 46.8% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €0 | €0 | - |
| Change in cash | - | €12k | €6k | €8k | €754 | ▼ 90.0% |
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
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 151 days late
2024
31-12
Financial
Highest result since 2020net €19k ▲151%
Operating result €29k, net result €19k, both a record.
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Weakest financial yearnet €6k ▼66%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tournai · 1 establishment unit since 2020
Ground area
94 m²
Building footprint
69 m²
Volume, LiDAR
419 m³
Parcel 57082B0081/00M000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FM-ITS
since 20202.308.990.671
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57082B0081/00M000 | Wallonia | 94 m² | 1 · 69 m² | 8.1 m · 2 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.
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,381 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
Founded22-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.