FMA
ActiveSummary
FMA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.0m and a net result of €903,158. Equity is growing by ~37.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability64▼-1
Solvency68▲+4
Growth75=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330,000 at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.55 in 2023; short-term debt: 56.8% and cash: 14.9% of total assets), but 56.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
43.2%
Return on assets
7.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
15 d early
2022
12 d early
2021
8 d early
2020
31 d early
2019
10 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€38.8m▲ 11.3%
2023 · €34.8m
EBIT margin
3.2%▼ 0.1pp
2023 · 3.3%
Net result
€903,158▲ 9.5%
2023 · €824,990
Working capital
€4.3m▲ 26.5%
2023 · €3.4m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€23.8m▼ 7.3%€35.8m▲ 50.6%€39.5m▲ 10.5%€34.8m▼ 11.9%€38.8m▲ 11.3%
Operating result€813,967▲ 237%€894,647▲ 9.9%€1.7m▲ 94.7%€1.1m▼ 34.1%€1.2m▲ 7.9%
Net result€596,089▲ 416%€612,356▲ 2.7%€1.2m▲ 104%€824,990▼ 33.8%€903,158▲ 9.5%
EBIT margin3.4%▲ 2.5pp2.5%▼ 0.9pp4.4%▲ 1.9pp3.3%▼ 1.1pp3.2%▼ 0.1pp
Equity€1.4m▲ 38.7%€2.0m▲ 43.1%€3.3m▲ 61.3%€4.1m▲ 25.2%€5.0m▲ 22.0%
Total assets€8.9m▲ 46.1%€8.6m▼ 2.7%€10.1m▲ 16.8%€10.4m▲ 3.3%€11.6m▲ 11.3%
Debt€7.4m▲ 47.6%€6.6m▼ 11.5%€6.8m▲ 3.1%€6.3m▼ 7.2%€6.6m▲ 4.4%
Working capital€1.2m▲ 34.5%€1.6m▲ 34.8%€3.1m▲ 93.7%€3.4m▲ 8.0%€4.3m▲ 26.5%
Staff (FTE)19.3▲ 16.3%17.8▼ 7.8%18.7▲ 5.1%17.6▼ 5.9%18.8▲ 6.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 8% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.6m
Fixed assets
€723,256 ▼ 13.4%
Current assets
€10.9m ▲ 13.5%
Equity and liabilities €11.6m
Equity
€5.0m ▲ 22.0%
Debt
€6.6m ▲ 4.4%
Debt's share of the balance-sheet total falls from 60.6% to 56.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.5m▲
2023 · €1.4m
Cash flow
€1.2m▲
2023 · €1.1m
Current ratio
1.65▲
2023 · 1.55
Quick ratio
0.81▲
2023 · 0.59
Debt to equity
1.31▼
2023 · 1.54
ROE
18.0%▼
2023 · 20.1%
ROA
7.8%▼
2023 · 7.9%
Interest coverage
126.52▲
2023 · 86.80
Debt ≤ 1 year
€6.6m▲
2023 · €6.2m
Income taxes
€328,366▲
2023 · €319,513
Staff costs
€1.7m▲
2023 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €36.0m | €39.8m | €35.1m | €38.9m | ▲ 10.7% |
| Turnover70 | €23.8m | €35.8m | €39.5m | €34.8m | €38.8m | ▲ 11.3% |
| Other operating income74 | - | €234,289 | €277,942 | €283,485 | €110,324 | ▼ 61.1% |
| Operating charges60/66A | - | €35.1m | €38.1m | €34.0m | €37.6m | ▲ 10.8% |
| Goods for resale, raw materials and consumables60 | - | €31.4m | €33.8m | €30.2m | €33.3m | ▲ 10.6% |
| Purchases600/8 | - | €31.2m | €34.7m | €30.6m | €33.1m | ▲ 8.2% |
| Change in stocks: decrease (increase)609 | - | €249,824 | -€885,054 | -€447,676 | €248,618 | ▲ 156% |
| Services and other goods61 | - | €1.9m | €2.3m | €2.1m | €2.2m | ▲ 5.9% |
| Remuneration, social security and pensions62 | - | €1.4m | €1.6m | €1.6m | €1.7m | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €114,816 | €244,106 | €259,402 | €270,854 | €270,492 | ▼ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,792 | €65,570 | -€199,997 | €110,688 | ▲ 155% |
| Other operating charges640/8 | - | €62,897 | €23,452 | €48,321 | €32,324 | ▼ 33.1% |
| Operating profit (loss)9901 | €813,967 | €894,647 | €1.7m | €1.1m | €1.2m | ▲ 7.9% |
| Financial income75/76B | - | €440 | €421 | €33,707 | €35,296 | ▲ 4.7% |
| Recurring financial income75 | €4,455 | €440 | €421 | €33,707 | €35,296 | ▲ 4.7% |
| Income from current assets751 | - | - | - | €31,415 | €34,956 | ▲ 11.3% |
| Other financial income752/9 | - | €440 | €421 | €2,292 | €341 | ▼ 85.1% |
| Financial charges65/66B | - | €50,931 | €49,278 | €36,397 | €41,530 | ▲ 14.1% |
| Recurring financial charges65 | €62,142 | €50,931 | €49,278 | €36,397 | €41,530 | ▲ 14.1% |
| Debt charges650 | €42,642 | €23,972 | €20,414 | €16,338 | €11,921 | ▼ 27.0% |
| Other financial charges652/9 | - | €26,959 | €28,864 | €20,059 | €29,609 | ▲ 47.6% |
| Profit (loss) for the period before taxes9903 | €756,280 | €844,156 | €1.7m | €1.1m | €1.2m | ▲ 7.6% |
| Income taxes67/77 | €160,191 | €231,800 | €446,563 | €319,513 | €328,366 | ▲ 2.8% |
| Taxes670/3 | - | €231,800 | €446,563 | €319,513 | €328,366 | ▲ 2.8% |
| Profit (loss) for the period9904 | €596,089 | €612,356 | €1.2m | €824,990 | €903,158 | ▲ 9.5% |
| Profit (loss) for the period to be appropriated9905 | €596,089 | €612,356 | €1.2m | €824,990 | €903,158 | ▲ 9.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.9m | €8.6m | €10.1m | €10.4m | €11.6m | ▲ 11.3% |
| Fixed assets21/28 | €369,933 | €535,747 | €318,617 | €834,712 | €723,256 | ▼ 13.4% |
| Intangible fixed assets21 | €17,175 | €8,471 | €2,000 | €8,580 | €22,681 | ▲ 164% |
| Tangible fixed assets22/27 | €345,558 | €520,076 | €309,417 | €818,932 | €693,375 | ▼ 15.3% |
| Plant, machinery and equipment23 | - | €3,170 | €1,781 | €27,970 | €76,794 | ▲ 175% |
| Furniture and vehicles24 | - | €80,434 | €48,601 | €566,966 | €450,009 | ▼ 20.6% |
| Other tangible fixed assets26 | - | €436,473 | €259,035 | €223,996 | €166,572 | ▼ 25.6% |
| Financial fixed assets28 | €7,200 | €7,200 | €7,200 | €7,200 | €7,200 | = |
| Other financial fixed assets284/8 | - | €7,200 | €7,200 | €7,200 | €7,200 | = |
| Amounts receivable and cash guarantees285/8 | - | €7,200 | €7,200 | €7,200 | €7,200 | = |
| Current assets29/58 | €8.5m | €8.1m | €9.8m | €9.6m | €10.9m | ▲ 13.5% |
| Stocks and contracts in progress3 | €4.7m | €4.4m | €5.3m | €5.9m | €5.6m | ▼ 6.0% |
| Stocks30/36 | - | €4.4m | €5.3m | €5.9m | €5.6m | ▼ 6.0% |
| Goods purchased for resale34 | - | €4.4m | €5.3m | €5.9m | €5.6m | ▼ 6.0% |
| Amounts receivable within one year40/41 | €3.1m | €2.5m | €2.2m | €1.5m | €2.0m | ▲ 27.9% |
| Trade receivables40 | - | €2.5m | €2.1m | €1.2m | €1.5m | ▲ 26.8% |
| Other amounts receivable41 | - | €13,200 | €92,888 | €317,628 | €419,929 | ▲ 32.2% |
| Current investments50/53 | - | - | - | €500,000 | €1.5m | ▲ 200% |
| Other investments51/53 | - | - | - | €500,000 | €1.5m | ▲ 200% |
| Cash at bank and in hand54/58 | €677,844 | €1.1m | €2.2m | €1.6m | €1.7m | ▲ 7.7% |
| Deferred charges and accrued income490/1 | - | €45,922 | €67,136 | €27,531 | €122,274 | ▲ 344% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.9m | €8.6m | €10.1m | €10.4m | €11.6m | ▲ 11.3% |
| Equity10/15 | €1.4m | €2.0m | €3.3m | €4.1m | €5.0m | ▲ 22.0% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Capital10 | - | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Issued capital100 | - | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Reserves13 | €1.1m | €1.7m | €3.0m | €3.8m | €4.7m | ▲ 23.7% |
| Non-distributable reserves130/1 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Legal reserve130 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Distributable reserves133 | - | €1.7m | €2.9m | €3.8m | €4.7m | ▲ 23.9% |
| Amounts payable17/49 | €7.4m | €6.6m | €6.8m | €6.3m | €6.6m | ▲ 4.4% |
| Amounts payable within one year42/48 | €7.3m | €6.5m | €6.6m | €6.2m | €6.6m | ▲ 6.3% |
| Financial debts43 | - | €6,416 | €6,416 | - | - | - |
| Credit institutions430/8 | - | €6,416 | €6,416 | - | - | - |
| Trade debts44 | €2.1m | €1.6m | €1.8m | €1.7m | €896,335 | ▼ 48.7% |
| Suppliers440/4 | - | €1.6m | €1.8m | €1.7m | €896,335 | ▼ 48.7% |
| Advances received on contracts in progress46 | - | €3.9m | €3.7m | €3.4m | €4.9m | ▲ 45.7% |
| Taxes, remuneration and social security45 | - | €371,986 | €610,541 | €642,582 | €668,410 | ▲ 4.0% |
| Taxes450/3 | - | €213,256 | €374,676 | €465,328 | €494,465 | ▲ 6.3% |
| Remuneration and social security454/9 | - | €158,730 | €235,865 | €177,254 | €173,945 | ▼ 1.9% |
| Other amounts payable47/48 | - | €569,724 | €448,524 | €409,045 | €77,548 | ▼ 81.0% |
| Accrued charges and deferred income492/3 | - | €121,211 | €173,778 | €116,028 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €596,089 | €612,356 | €1.2m | €824,990 | €903,158 | ▲ 9.5% |
| + Depreciation and write-downs630 | €114,816 | €244,106 | €259,402 | €270,854 | €270,492 | ▼ 0.1% |
| Operating cash flow (approximation) | €710,905 | €856,462 | €1.5m | €1.1m | €1.2m | ▲ 7.1% |
| Investment in fixed assets (approximation) | - | -€409,920 | -€42,272 | -€786,949 | -€159,036 | ▲ 79.8% |
| Change in cash | - | €378,425 | €1.1m | -€579,867 | €123,695 | ▲ 121% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €5mEq €5.0m ▲22%
6 profitable years in a row build equity to €5.0m.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.2m ▲104%
Operating result €1.7m, net result €1.2m, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2mEq €2.0m ▲43.1%
3 profitable years in a row build equity to €2.0m.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 10 days late
2019
31-12
Financial
Back to profitnet €115,572
Net result €115,572 after one loss-making year.
31-12
Financial
Equity above €1mEq €1.0m ▲12.7%
Equity rises from €908,723 to €1.0m.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 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, Wijnegem · 1 establishment unit since 2004
Ground area
1.0 ha
Building footprint
4,915 m²
Volume, LiDAR
35,684 m³
2 parcels, Flanders · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FMA
since 20042.137.969.575
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050A0120/00C000 | Flanders | 6,161 m² | 1 · 2,644 m² | 8.9 m · 2 fl. |
| 11050A0120/00B000 | Flanders | 4,149 m² | 1 · 2,271 m² | 9.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 995 EUR awarded · 995 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 280 EUR | 280 EUR |
| 2024 | 1 | 87 EUR | 87 EUR |
| 2023 | 1 | 346 EUR | 346 EUR |
| 2022 | 1 | 282 EUR | 282 EUR |
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Of 2,129 companies in sector 46711 we hold annual accounts for 1,128. 303 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
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)
46720Wholesale of motor vehicle parts and accessories
77110Renting and leasing of cars and light motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.