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FM RENOVATION

Active
Private limited companyfounded 2018active for 8 yearsEdingensesteenweg 69, 1500 Halle, BelgiumKBO/BCE: BE 0690.950.004

From the official registers: KBO 7 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of FM RENOVATION is 7.4% (elevated). The 2024 annual accounts show equity of €40,701 and a net result of -€9,230. Equity has been growing by about 21% per year since 2018. Its solvency ranks better than 24% of 2,407 sector peers (NACE 25, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 26-02-2018 Normal situation
Activity
Manufacture of metal structures and parts of structures NACE 25110and 4 others
Establishment unit
2.273.810.652 1060 Sint-Gillis (bij-Brussel), since 26-02-2018
Financial year end
31 December
Peppol
Reachable since 29-01-2026

Board and ownership

Financial position

33 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
7.4%
Annual accounts 2024
Gross margin
€23,095
▲ 191%
Turnover
≈ €160,000
estimated
Loss
€9,230
▼ 81.9%
Equity
€40,701
▼ 18.5%
Total assets
€201,344
▼ 62.8%
Staff
1 FTE
=
2025 accounts not filed, 93 days past the deadline
Filed on 09-03-2026PDF
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 221 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 09-03-2026)Founded in 2018Size: total assets €201,344Show the evidence

Checked score

Score 2024
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 18% of micro companies in fabricated metal products (NACE 25)
Financial strength · tick: 2023
Weak
Solvency 45+11
equity 20.2% of total assets
Liquidity 33+26
short-term debt 77.1% · cash 20.3%
Profitability 20+13
return on assets -4.6%
Bankruptcy probability within 12 months
7.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,706 companies, NACE 25, micro)
Last 24 months 11-2024: 9.5% 12-2024: 10.3%▲ +0.8 percentage points vs 11-2024 01-2025: 6.3%▼ -4.0 percentage points vs 12-2024 02-2025: 6.3%● unchanged vs 01-2025 03-2025: 6.3%● unchanged vs 02-2025 04-2025: 6.8%▲ +0.5 percentage points vs 03-2025 05-2025: 6.8%● unchanged vs 04-2025 06-2025: 6.5%▼ -0.3 percentage points vs 05-2025 07-2025: 6.4%▼ -0.1 percentage points vs 06-2025 08-2025: 7.2%▲ +0.8 percentage points vs 07-2025 09-2025: 7.9%▲ +0.7 percentage points vs 08-2025 10-2025: 11.4%▲ +3.5 percentage points vs 09-2025 11-2025: 11.6%▲ +0.2 percentage points vs 10-2025 12-2025: 12.4%▲ +0.8 percentage points vs 11-2025 01-2026: 14.9%▲ +2.5 percentage points vs 12-2025 02-2026: 14.9%● unchanged vs 01-2026 03-2026: 15.2%▲ +0.3 percentage points vs 02-2026highest value 04-2026: 4.2%▼ -11.0 percentage points vs 03-2026 05-2026: 4.2%● unchanged vs 04-2026 06-2026: 4.0%▼ -0.2 percentage points vs 05-2026 07-2026: 3.8%▼ -0.2 percentage points vs 06-2026lowest value 08-2026: 4.4%▲ +0.6 percentage points vs 07-2026 09-2026: 5.2%▲ +0.8 percentage points vs 08-2026 10-2026: 7.4%▲ +2.2 percentage points vs 09-2026
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.19 (1.07 in 2023), below the usual 1.5. Short-term debt is 77.1% and cash 20.3% of total assets. 79.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 23% of them on solvency, 20% on liquidity, 13% on profitability and 17% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Eight signals.
raises risk
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 221 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Figures for financial year 2024 (filed on 09-03-2026)
NBB · annual accounts
raises risk · Founded in 2018
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: total assets €201,344
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€9,230
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2407 sector peers (2024).
NBB · sector comparison
Position among 2407 sector peers
Solvency
better than 24%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 7 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 221 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 7 filings
Deviation from the deadline
2025
not filed
2024
221 days late
2023
139 days late
2022
59 days late
2021
40 days late
2020
68 days late
2019
69 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 99 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 85% of companies in fabricated metal productssector median €11,260 · 2,409 companies -€9,230 View
  • Caution: 2 loss-making years in a rowloss in financial year 2024 -€9,230 View

Comparable companies

These companies have the same main activity as FM RENOVATION: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €135,000 and €205,000, founded between 2017 and 2019.

CompanyTotal assetsGross margin
FM RENOVATION Halle€201,344€23,095
LEROY MOTOREN Westerlo€205,334€29,179
Custom Fix Alveringem€183,366€17,487
KY BUILD Tienen€204,963€28,070
RAMO Grimbergen€140,602€17,998
VPH Consult Zemst€134,518€28,614
ZS-Constructions Londerzeel€163,591€34,715
Full comparison

Documents

Annual accounts at the NBB

All 7 annual accounts

Articles and registers

Key facts about FM RENOVATION

What is the company number of FM RENOVATION?
The company number of FM RENOVATION is 0690.950.004. The VAT number is the same number with BE in front: BE 0690.950.004.
Where is FM RENOVATION based?
The registered office is at Edingensesteenweg 69, 1500 Halle.Company details
What does FM RENOVATION do?
According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
What is the legal form of FM RENOVATION?
The legal form of FM RENOVATION is Private limited company (BV).
When was FM RENOVATION founded?
FM RENOVATION was founded on 26-02-2018.
Is FM RENOVATION still active?
Yes, FM RENOVATION is an active enterprise in the KBO register.
How many employees does FM RENOVATION have?
FM RENOVATION had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of FM RENOVATION?
The turnover in financial year 2024 is ≈ €160,000. This figure is estimated from the gross margin of €23,095 and 36 comparable companies (NACE 25). It probably lies between €66,000 and €300,000. It is a rough estimate.
Is FM RENOVATION profitable?
In financial year 2024, FM RENOVATION made a loss of €9,230.
Where can I find the annual accounts of FM RENOVATION?
FM RENOVATION filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

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