FM RENOVATION
ActiveFM RENOVATION has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €41k and a net result of €-9k. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 24% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability20▲+13
Solvency45▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.19 against 1.07 in 2023; short-term debt: 77.1% and cash: 20.3% of total assets), and 79.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20.2%
Return on assets
-4.6%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-9k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2438 sector peers (2024).
NBB · sector comparisonPosition among 2438 sector peers
Solvency
better than 24%
← weakest
strongest →
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 09-03-2026, 221 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
221 d late
2023
139 d late
2022
59 d late
2021
40 d late
2020
68 d late
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€41k▼ 18.5%
2023 · €50k
2018: €16k
2019: €24k
2020: €25k
2021: €84k
2022: €101k
2023: €50k
2018 → 2024
Total assets
€201k▼ 62.8%
2023 · €542k
2018: €41k
2019: €79k
2020: €204k
2021: €161k
2022: €383k
2023: €542k
2018 → 2024
Net result
€-9k▲ 81.9%
2023 · €-51k
2018: €4k
2019: €8k
2020: €369
2021: €59k
2022: €18k
2023: €-51k
2018 → 2024
Working capital
€30k▼ 14.6%
2023 · €35k
2018: €3k
2019: €-12k
2020: €-3k
2021: €-9k
2022: €30k
2023: €35k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€84k▲ 238%€101k▲ 21.0%€50k▼ 50.6%€41k▼ 18.5%
Operating result€2k-€76k▲ 4,047%€29k▼ 61.4%€-47k€-6k▲ 87.4%
Net result€369-€59k▲ 15,820%€18k▼ 70.1%€-51k€-9k▲ 81.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2024 against €47k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €201k
Fixed assets
€16k▼ 34.1%
Current assets
€185k▼ 64.2%
Equity and liabilities €201k
Equity
€41k▼ 18.5%
Debt
€161k▼ 67.3%
The debt ratio falls from 90.8% to 79.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▲
2023 · €-31k
Cash flow
€-932▲
2023 · €-35k
Solvency
20.2%▲
2023 · 9.2%
Current ratio
1.19▲
2023 · 1.07
Quick ratio
1.19▲
2023 · 1.07
Debt / equity
3.95▼
2023 · 9.85
ROE
-22.7%▲
2023 · -102.4%
ROA
-4.6%▲
2023 · -9.4%
Interest coverage
0.78▲
2023 · -9.10
Debt
€161k▼
2023 · €492k
Debt ≤ 1 year
€155k▼
2023 · €482k
Debt > 1 year
€5k▼
2023 · €9k
Income taxes
€717▲
2023 · €704
Staff costs
€15k▼
2023 · €33k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€542k€201k▼
Fixed assets21/28€24k€16k▼
Tangible fixed assets22/27€23k€15k▼
Plant, machinery and equipment23€382-
Furniture and vehicles24€3k-
Leasing and similar rights25€20k€15k▼
Financial fixed assets28€1k€1k=
Current assets29/58€518k€185k▼
Amounts receivable within one year40/41€434k€117k▼
Trade receivables40€413k€106k▼
Other amounts receivable41€20k€11k▼
Cash at bank and in hand54/58€29k€41k▲
Deferred charges and accrued income490/1€55k€28k▼
Equity and liabilities
Total equity and liabilities10/49€542k€201k▼
Equity10/15€50k€41k▼
Contributions10/11€12k€12k=
Reserves13€596€596=
Non-distributable reserves130/1€596€596=
Reserves not available under the articles1311€596€596=
Profit (loss) carried forward14€37k€28k▼
Amounts payable17/49€492k€161k▼
Amounts payable after more than one year17€9k€5k▼
Financial debts170/4€9k€5k▼
Amounts payable within one year42/48€482k€155k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€463k€143k▼
Suppliers440/4€463k€143k▼
Taxes, remuneration and social security45€15k€8k▼
Taxes450/3€12k€2k▼
Remuneration and social security454/9€4k€6k▲
Accrued charges and deferred income492/3€38-
Income statement
Code20232024
Remuneration, social security and pensions62€33k€15k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€8k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€8k€23k▲
Operating profit (loss)9901€-47k€-6k▲
Financial income75/76B€344€445▲
Recurring financial income75€344€445▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-50k€-9k▲
Income taxes67/77€704€717▲
Profit (loss) for the period9904€-51k€-9k▲
Profit (loss) for the period to be appropriated9905€-51k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€28k▼
Profit (loss) brought forward from the previous period14P€88k€37k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
09-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 221 days late
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 139 days late
2023
31-12
Financial
Weakest financial yearnet €-51k ▼391%
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Equity above €100kEq €101k ▲21%
5 profitable years in a row build equity to €101k.
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 40 days late
2021
31-12
Financial
Highest result since 2018net €59k ▲15820%
Operating result €76k, net result €59k, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 68 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
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, Halle · 1 establishment unit since 2018
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.
Edingensesteenweg 691500 HalleGround area
722 m²
Building footprint
488 m²
Volume, LiDAR
6,516 m³
2 parcels, Brussels, Flanders · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FM RENOVATION
since 20182.273.810.652
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0407/00Z000 | Brussels | 464 m² | 1 · 376 m² | 19.6 m · 5 fl. |
| 23027E0082/00K007 | Flanders | 258 m² | 1 · 111 m² | 11.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LASPRO CRAFT
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Rovi Industry
BE 0795.853.326
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LT-Constructions
BE 0791.627.589
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BAKKER MONTAGE
BE 0440.840.749
Gent · Eq €41k
CORKSOLUTIONS
BE 0722.759.470
Geraardsbergen · Eq €40k
Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 1,360 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2018
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
43350Other building finishing work
43120Site preparation
43992Specialised construction activities
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.