FM44
ActiveThe computed 12-month bankruptcy probability of FM44 is 2.4% (moderate). The 2024 annual accounts show equity of €87k and a net result of €84k. Its solvency ranks better than 86% of 7427 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability100
Solvency100
Growth-
Stability67
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 4.18), and 22.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 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 · 1 filingDeviation from the deadline
2024
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€87k
Total assets
€112k
Net result
€84k
Working capital
€80k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €112k
Fixed assets
€7k
Current assets
€105k
Equity and liabilities €112k
Equity
€87k
Debt
€25k
Debt finances 22.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€107k
Cash flow
€85k
Solvency
77.6%
Current ratio
4.18
Quick ratio
4.18
Debt / equity
0.29
ROE
96.6%
ROA
74.9%
Interest coverage
1114.96
Debt
€25k
Debt ≤ 1 year
€25k
Income taxes
€22k
Staff costs
€3k
Filed annual accounts
As filed with the NBB · 2024
Balance sheet
Code2024
Assets
Total assets20/58€112k
Fixed assets21/28€7k
Tangible fixed assets22/27€7k
Plant, machinery and equipment23€7k
Furniture and vehicles24€427
Current assets29/58€105k
Amounts receivable within one year40/41€83k
Trade receivables40€79k
Other amounts receivable41€4k
Cash at bank and in hand54/58€19k
Deferred charges and accrued income490/1€3k
Equity and liabilities
Total equity and liabilities10/49€112k
Equity10/15€87k
Contributions10/11€3k
Profit (loss) carried forward14€84k
Amounts payable17/49€25k
Amounts payable within one year42/48€25k
Trade debts44€4k
Suppliers440/4€4k
Taxes, remuneration and social security45€22k
Taxes450/3€22k
Income statement
Code2024
Remuneration, social security and pensions62€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k
Other operating charges640/8€1k
Gross operating margin9900€111k
Operating profit (loss)9901€106k
Financial charges65/66B€96
Recurring financial charges65€96
Profit (loss) for the period before taxes9903€106k
Income taxes67/77€22k
Profit (loss) for the period9904€84k
Profit (loss) for the period to be appropriated9905€84k
Appropriation of the result
Profit (loss) to be appropriated9906€84k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Asse · 1 establishment unit since 2023
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.
Koensborre 311730 AsseGround area
223 m²
Building footprint
75 m²
Volume, LiDAR
440 m³
Parcel 23002F0016/00F004, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FM44
since 20232.349.993.858
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002F0016/00F004 | Flanders | 223 m² | 1 · 75 m² | 10.4 m · 2 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.
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GW TECHNICS
BE 0735.723.026
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ERYILMAZ SERKAN CONSULTING SERVICES
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De.Light
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,269. 8,761 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-09-2023
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
41001General construction of residential buildings
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.