FM TRANS
Open bankruptcyA bankruptcy procedure is open for FM TRANS according to publications in the Belgian State Gazette; curator: GUNTHER PEETERS.
Summary
The 2020 annual accounts show negative equity (€-51k) and a net result of €-54k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Turnover
€32k▼ 66.7%
2019 · €96k
2018: €107k
2019: €96k
2018 → 2020
EBIT margin
-168.4%▼ 156.0pp
2019 · -12.4%
2018: 12.6%
2019: -12.4%
2018 → 2020
Net result
€-54k▼ 229%
2019 · €-16k
2018: €7k
2019: €-16k
2018 → 2020
Working capital
€-70k▼ 65.6%
2019 · €-42k
2018: €-9k
2019: €-42k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€107k-€96k▼ 9.7%€32k▼ 66.7%
Equity€8k-€-8k€-51k▼ 524%
Operating result€13k-€-12k€-54k▼ 350%
Net result€7k-€-16k€-54k▼ 229%
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 €54k in 2020 against €12k in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €47k
Fixed assets
€19k ▼ 59.4%
Current assets
€28k ▲ 0.2%
Key figures and ratios
EBITDA
€-34k▼
2019 · €8k
Cash flow
€-34k▼
2019 · €3k
Solvency
-107.6%▼
2019 · -10.9%
Current ratio
0.29▼
2019 · 0.40
ROA
-114.0%▼
2019 · -21.8%
Debt
€98k▲
2019 · €83k
Debt ≤ 1 year
€98k▲
2019 · €71k
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 · 2020 against 2019 · 25 lines
Balance sheet
Code20192020
Assets
Total assets20/58€75k€47k▼
Fixed assets21/28€47k€19k▼
Intangible fixed assets21€1k€526▼
Tangible fixed assets22/27€41k€14k▼
Financial fixed assets28€5k€5k=
Current assets29/58€28k€28k▲
Amounts receivable within one year40/41€27k€25k▼
Cash at bank and in hand54/58-€4k
Equity and liabilities
Total equity and liabilities10/49€75k€47k▼
Equity10/15€-8k€-51k▼
Contributions10/11€6k€17k▲
Reserves13€423€423=
Profit (loss) carried forward14€-15k€-69k▼
Amounts payable17/49€83k€98k▲
Amounts payable after more than one year17€13k-
Amounts payable within one year42/48€71k€98k▲
Trade debts44€32k€67k▲
Income statement
Code20192020
Turnover70€96k€32k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Gross operating margin9900€10k€-29k▼
Operating profit (loss)9901€-12k€-54k▼
Recurring financial charges65€4k-
Profit (loss) for the period before taxes9903€-16k€-54k▼
Profit (loss) for the period9904€-16k€-54k▼
Profit (loss) for the period to be appropriated9905€-16k€-54k▼
Timeline · acts, filings and financial milestones
2022
04-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · FM TRANS BV KEIZERS- LAAN 10, 1000 BRUSSEL · event 29-03-2022
14-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 198 days late
2021
12-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 165 days late
2020
31-12
Financial
Weakest financial yearnet €-54k
Net result drops to €-54k, the lowest in the series.
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 118 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2016
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.
Keizerslaan 101000 BrusselGround area
747 m²
Building footprint
563 m²
Volume, LiDAR
12,002 m³
2 parcels, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
FM TRANS
since 20162.252.267.546
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 fl. |
| 21522B0026/00S000 | Brussels | 76 m² | 1 · 75 m² | 17.8 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUNTHER PEETERS KUNSTLAAN 24 BUS 9,
1000 BRUSSEL 1 |
29-03-2022 → present |
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 3,584 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
52210Service activities incidental to land transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.