FM TELECOM
ActiveThe computed 12-month bankruptcy probability of FM TELECOM is 2.5% (moderate). The 2024 annual accounts show negative equity (€-19k) and a net result of €-6k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 26057 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
7
/ 100
Critical▼ -17 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+33
Solvency33=
Growth78=
Stability100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.2 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-44.2%
Return on assets
-14.5%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€19k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
107 d late
2022
151 d late
2021
121 d late
2020
61 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€289k
EBIT margin
20.2%
Net result
€-6k
2023 · €59k
2018: €-11k
2019: €-670
2020: €6k
2021: €7k
2022: €4k
2023: €59k
2018 → 2024
Working capital
€-31k▲ 4.5%
2023 · €-33k
2018: €-94k
2019: €-100k
2020: €-93k
2021: €-97k
2022: €-93k
2023: €-33k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€289k
Equity€-83k-€-76k▲ 8.9%€-72k▲ 5.2%€-13k▲ 82.3%€-19k▼ 48.9%
Operating result€7k-€11k▲ 49.8%€40k▲ 263%€58k▲ 47.5%€-4k
Net result€6k-€7k▲ 18.4%€4k▼ 47.3%€59k▲ 1,411%€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €4k after €58k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43k
Fixed assets
€12k▼ 39.1%
Current assets
€31k▲ 292%
Key figures and ratios
EBITDA
€185▼
2023 · €64k
Cash flow
€-2k▼
2023 · €65k
Solvency
-44.2%▲
2023 · -46.2%
Current ratio
0.50▲
2023 · 0.20
Quick ratio
0.28▲
2023 · 0.15
Debt / equity
-3.26▼
2023 · -3.16
ROE
32.8%▲
2023 · -464.1%
ROA
-14.5%▼
2023 · 214.5%
Interest coverage
0.09▼
2023 · 145.02
Debt
€62k▲
2023 · €40k
Debt ≤ 1 year
€62k▲
2023 · €40k
Income taxes
€26▲
2023 · €-1k
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€28k€43k▲
Fixed assets21/28€20k€12k▼
Tangible fixed assets22/27€16k€8k▼
Furniture and vehicles24€12k€5k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€4k€4k=
Current assets29/58€8k€31k▲
Stocks and contracts in progress3€2k€14k▲
Stocks30/36€2k€14k▲
Amounts receivable within one year40/41€5k€16k▲
Trade receivables40-€13k
Other amounts receivable41€5k€3k▼
Cash at bank and in hand54/58€1k€1k▼
Deferred charges and accrued income490/1€453€49▼
Equity and liabilities
Total equity and liabilities10/49€28k€43k▲
Equity10/15€-13k€-19k▼
Contributions10/11€7k€7k=
Outside capital11€7k-
Other1109/19€7k-
Reserves13€250€250=
Non-distributable reserves130/1€250€250=
Reserves not available under the articles1311€250€250=
Profit (loss) carried forward14€-20k€-27k▼
Amounts payable17/49€40k€62k▲
Amounts payable within one year42/48€40k€62k▲
Trade debts44€1k€15k▲
Suppliers440/4€1k€15k▲
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€15k€18k▲
Taxes450/3€14k€18k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€24k€27k▲
Income statement
Code20232024
Turnover70€289k-
Goods, raw materials, services and sundry goods60/61€226k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€2k€7k▲
Gross operating margin9900€65k€7k▼
Operating profit (loss)9901€58k€-4k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€438€2k▲
Recurring financial charges65€438€2k▲
Profit (loss) for the period before taxes9903€58k€-6k▼
Income taxes67/77€-1k€26▲
Profit (loss) for the period9904€59k€-6k▼
Profit (loss) for the period to be appropriated9905€59k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-27k▼
Profit (loss) brought forward from the previous period14P€-80k€-20k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 107 days late
2023
31-12
Financial
Highest result since 2018net €59k ▲1411%
Operating result €58k, net result €59k, both a record.
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
04-11-2024
ARROCHDI MOHAMMED: Resigned as Director
01-10-2024
El Ammouri El Marraki Nassir: Resigned as Director
05-06-2024
Jean VAN den WOUWER: Resigned as Managing director
23-01-2015
EL FALUSI Mimoun: Resigned as Manager
23-01-2015
EL HAMMOUTI Fatima: Resigned as Manager
Location & real-estate footprint
Registered office, Schaarbeek · 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.
Paleizenstraat 871030 SchaarbeekGround area
162 m²
Building footprint
131 m²
Volume, LiDAR
1,536 m³
Parcel 21909E0215/00R002, Brussels · tallest building 24.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FM TELECOM
since 20182.281.067.242
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21909E0215/00R002 | Brussels | 162 m² | 1 · 131 m² | 24.9 m · 5 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.
Similar companies · same sector and region
A&N SERVICES
BE 0808.978.911
Schaarbeek
AUBUREAU
BE 0433.909.506
Schaarbeek
BELMOBILE.BE
BE 0502.737.241
Schaarbeek
BI 2.0
BE 0832.725.204
Schaarbeek
BLEDNA GROUP
BE 0748.392.612
Schaarbeek
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 3,210 companies in sector 47400 we hold annual accounts for 1,795.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-2009
Fiscal year end31-12
Activities, NACEBEL
47400Retail sale of information and communication equipment
47420Retail trade
47812Retail trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.