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FMK

Active
Limited partnershipfounded 2009active for 17 yearsRue Hambursin 12, 5030 Gembloux, BelgiumKBO/BCE: BE 0811.877.429
Summary

The annual accounts of FMK for financial year 2025 show a net loss of 94% of total assets and of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €16,609 and a net result of -€19,774. Equity has been shrinking by about 16% per year since 2018. If that trend continues, it turns negative around financial year 2028. Its solvency ranks better than 81% of 13,741 sector peers (NACE 46, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 25-05-2009 Normal situation
Activity
Agents in non-specialised wholesale trade NACE 46190and 5 others
Establishment unit
2.178.685.722 1471 Genappe, since 18-06-2009
Financial year end
31 December
Peppol
Reachable since 24-11-2023

Board and ownership

Financial position

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
-€12,030
▼ 519%
Loss
€19,774
▲ 60.5%
Equity
€16,609
▼ 54.4%
Total assets
€21,041
▼ 47.9%
Turnover not published (micro format)
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year1 change of registered office in 24 monthsLoss of €19,774, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 3.72, cash €15,978Legal form: limited partnershipShow the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 49% of micro companies in wholesale trade (NACE 46)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 100=
equity 78.9% of total assets
Liquidity 93+4
short-term debt 21.1% · cash 75.9%
Profitability 0=
return on assets -94.0%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.1%▼ -0.1 percentage points vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.8%▲ +0.7 percentage points vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025highest value 05-2025: 0.2%▼ -0.6 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.2%▼ -0.1 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 3.72 (7.32 in 2024), above the usual 1.5. Short-term debt is 21.1% and cash 75.9% of total assets. 21.1% 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 46, micro). It does better than 90% of them on solvency, 91% on liquidity, 6% on profitability and 9% on growth.

The bankruptcy probability was computed on 02-11-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 3.72, cash €15,978
NBB · annual accounts
raises risk · Loss of €19,774, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Legal form: limited partnership
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€19,774
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 days early
2024
26 days late
2023
37 days early
2022
3 days early
2021
3 days late
2020
5 days early
2019
46 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 88% of companies in wholesale tradesector median €5,660 · 13,747 companies -€19,774 View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€19,774 View

Recent changes

  1. · Gazette deed Registered office moved from Genappe to GemblouxNew seat: Rue Hambursin 12, 5030 Gembloux · Previous seat: 1471 Genappe, Rue Baty Godin 22
  2. · Gazette deed Registered office moved to LoupoigneNew seat: Rue Baty Godin, 22 à 1471 Loupoigne · Appointment: Marbehant Jean-Michel (manager)
  3. · Gazette deed Incorporation
All 17 events

Comparable companies

These companies have the same main activity as FMK: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €15,900 and €26,400, founded between 2007 and 2011.

CompanyTotal assetsGross margin
FMK Gembloux€21,041-€12,030
SURA Maasmechelen€22,407-€6,006
DRE CONSULT Watermaal-Bosvoorde€17,311-€72
JANA-SAM Sint-Jans-Molenbeek€18,979-€6,684
RAF AND CO Liège€26,443-€16,230
COCHEZ Vorst€26,014-€13,324
DIMA CONSULT Jodoigne€15,928€780
Full comparison

Key facts about FMK

What is the company number of FMK?
The company number of FMK is 0811.877.429. The VAT number is the same number with BE in front: BE 0811.877.429.
Where is FMK based?
The registered office is at Rue Hambursin 12, 5030 Gembloux.Company details
What does FMK do?
According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
What is the legal form of FMK?
The legal form of FMK is Limited partnership (CommV).
When was FMK founded?
FMK was founded on 25-05-2009.
Is FMK still active?
Yes, FMK is an active enterprise in the KBO register.
What is the turnover of FMK?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is FMK profitable?
In financial year 2025, FMK made a loss of €19,774.
Where can I find the annual accounts of FMK?
FMK filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FMK due?
FMK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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