FM PRODUCT
ActiveFM PRODUCT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €4k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 7331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▼-18
Solvency32▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.5 against 1.59 in 2024; short-term debt: 37.4% and cash: 8% of total assets), and 93% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
7%
Return on assets
0.5%
Age of the figures
12 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7331 sector peers (2025).
NBB · sector comparisonPosition among 7331 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
7 d early
2023
34 d early
2022
74 d early
2021
25 d late
2020
30 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€56k▲ 7.0%
2024 · €52k
2018: €19k
2019: €19k
2020: €23k
2021: €40k
2023: €32k
2024: €52k
2018 → 2025
Total assets
€797k▲ 93.0%
2024 · €413k
2018: €86k
2019: €75k
2020: €86k
2021: €160k
2022: €121k
2023: €337k
2024: €413k
2018 → 2025
Net result
€4k▼ 82.7%
2024 · €21k
2018: €9k
2019: €9
2020: €4k
2021: €8k
2022: €30k
2023: €33k
2024: €21k
2018 → 2025
Working capital
€148k▲ 19.7%
2024 · €124k
2018: €14k
2019: €10k
2020: €-247
2021: €26k
2022: €-16k
2023: €-71k
2024: €124k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€32k€52k▲ 63.5%€56k▲ 7.0%
Operating result€11k-€36k▲ 211%€52k▲ 45.6%€38k▼ 27.2%€21k▼ 43.4%
Net result€8k-€30k▲ 279%€33k▲ 7.7%€21k▼ 35.6%€4k▼ 82.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €797k
Fixed assets
€351k▲ 336%
Current assets
€447k▲ 34.3%
Equity and liabilities €797k
Equity
€56k▲ 7.0%
Debt
€742k▲ 105%
The debt ratio rises from 87.4% to 93.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75k▲
2024 · €72k
Cash flow
€57k▲
2024 · €56k
Solvency
7.0%▼
2024 · 12.6%
Current ratio
1.50▼
2024 · 1.59
Quick ratio
1.23▼
2024 · 1.39
Debt / equity
13.32▲
2024 · 6.94
ROE
6.5%▼
2024 · 40.4%
ROA
0.5%▼
2024 · 5.1%
Interest coverage
4.57▼
2024 · 6.21
Debt
€742k▲
2024 · €361k
Debt ≤ 1 year
€298k▲
2024 · €209k
Debt > 1 year
€443k▲
2024 · €152k
Income taxes
€1k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€413k€797k▲
Fixed assets21/28€80k€351k▲
Tangible fixed assets22/27€79k€349k▲
Land and buildings22€4k€3k▼
Plant, machinery and equipment23€1k€307▼
Furniture and vehicles24€71k€342k▲
Other tangible fixed assets26€2k€4k▲
Financial fixed assets28€2k€2k=
Current assets29/58€333k€447k▲
Stocks and contracts in progress3€43k€80k▲
Stocks30/36€43k€80k▲
Amounts receivable within one year40/41€94k€288k▲
Trade receivables40€85k€274k▲
Other amounts receivable41€9k€14k▲
Cash at bank and in hand54/58€182k€63k▼
Deferred charges and accrued income490/1€13k€15k▲
Equity and liabilities
Total equity and liabilities10/49€413k€797k▲
Equity10/15€52k€56k▲
Reserves13€52k€56k▲
Distributable reserves133€52k€56k▲
Amounts payable17/49€361k€742k▲
Amounts payable after more than one year17€152k€443k▲
Financial debts170/4€152k€443k▲
Amounts payable within one year42/48€209k€298k▲
Current portion of amounts payable after more than one year42€56k€86k▲
Financial debts43€15k€15k=
Other loans439€15k€15k=
Trade debts44€90k€153k▲
Suppliers440/4€90k€153k▲
Taxes, remuneration and social security45€35k€38k▲
Taxes450/3€35k€38k▲
Other amounts payable47/48€13k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€53k▲
Other operating charges640/8€9k€6k▼
Gross operating margin9900€82k€81k▼
Operating profit (loss)9901€38k€21k▼
Financial income75/76B€608€59▼
Recurring financial income75€608€59▼
Financial charges65/66B€12k€16k▲
Recurring financial charges65€12k€16k▲
Profit (loss) for the period before taxes9903€27k€5k▼
Income taxes67/77€6k€1k▼
Profit (loss) for the period9904€21k€4k▼
Profit (loss) for the period to be appropriated9905€21k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€4k▼
Transfer to equity691/2€20k€4k▼
To other reserves6921€20k€4k▼
Profit to be distributed694/7€800-
Return on contributions (dividend)694€800-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity doublescurrent ratio 1.59
Current ratio from 0.65 to 1.59.
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €33k ▲7.7%
Operating result €52k, net result €33k, both a record.
15-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €9 ▼99.9%
Net result drops to €9, the lowest in the series; recovery starts the following year.
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, La Bruyère · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue d'Emines, Rhisnes 645080 La BruyèreGround area
789 m²
Building footprint
94 m²
Volume, LiDAR
675 m³
Parcel 92102B0034/00T000, Wallonia · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20152.240.798.582
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92102B0034/00T000 | Wallonia | 789 m² | 1 · 94 m² | 8.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
5 categoriesFM PRODUCT SRL42653
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SODA CONSTRUCT
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 13,135 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-12-2014
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
47813Retail trade
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43211General electrical installation work
43212Electrical installation work in industrial facilities
45112
47811Retail sale of cars and light vans (up to 3.5 tonnes)
45192
47812Retail trade
45310
47820Retail sale of motor vehicle parts and accessories
45401
45402
46180Agents specialised in the wholesale of other particular products
46720Wholesale of motor vehicle parts and accessories
46730Wholesale trade
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
47830Retail sale of motorcycles and motorcycle parts and accessories
71121Engineering and related technical consultancy, excluding land surveyors
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0484/276 106