Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €21,142 falls due within a year.
Lower solvency than 82% of companies in retail trade. Sector median 33.1% · 22,917 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 14% of them on solvency, 33% on liquidity, 96% on profitability and 90% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 3,632 companies had the same profile as FMO has now. Each dot stands for 10 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FMO itself: 0.7% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for FMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.48 (0.37 in 2024), below 1. Short-term debt is 80.4% and cash 23.7% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 15 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| FMO Beersel | - | - | -16.4% | - |
| TRAINSERVICE.BE Braine-l'Alleud | - | - | -121.7% | - |
| PACMANIA Liège | €220,850 | -4.9% | 28.3% | - |
| MADE IN EUROPE Brussels | - | - | 90.1% | - |
| EDUC'ACTIF Bassenge | - | - | 28.6% | - |
| WAOW Mouscron | €21,180 | 84.2% | 63.4% | - |
| Don Domino Brecht | - | - | 41.8% | - |
These companies have the same main activity as FMO: retail sale of games and toys (NACE 47640). They are comparable in size and age: total assets between €13,700 and €58,800, founded between 2008 and 2021.
FMO has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,315) and a net result of €12,708.
Its solvency ranks better than 17% of 22,917 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €450,000. Estimated: probably between €250,000 and €760,000.
Higher than 17% of 22,917 companies in 2025.
Higher than 12% of 22,047 companies in 2025.
Higher than 95% of 22,197 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 186 short contracts started and 187 ended, on average 7 hours worked per contract. Staff averaged 1.3 full-time equivalents.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
26,285 | 29,749 | |
21/28 |
16,146 | 16,631 | |
22/27 |
16,146 | 16,631 | |
23 |
13,253 | 16,631 | |
24 |
2,893 | - | |
29/58 |
10,139 | 13,118 | |
40/41 |
765 | 8,654 | |
40 |
765 | 8,654 | |
54/58 |
6,240 | 4,357 | |
490/1 |
3,134 | 107 | |
| Balance sheet: equity and liabilities | |||
10/49 |
26,285 | 29,749 | |
10/15 |
-4,315 | -17,023 | |
10/11 |
3,600 | 3,600 | |
11 |
- | 3,600 | |
1109/19 |
- | 3,600 | |
13 |
1,398 | 1,398 | |
133 |
1,398 | 1,398 | |
14 |
-9,313 | -22,021 | |
17/49 |
30,600 | 46,772 | |
17 |
9,458 | 11,268 | |
170/4 |
9,458 | 11,268 | |
42/48 |
21,142 | 35,504 | |
42 |
4,910 | 3,284 | |
44 |
2,128 | 3,261 | |
440/4 |
2,128 | 3,261 | |
46 |
1,980 | 1,980 | |
45 |
10,993 | 3,955 | |
450/3 |
8,872 | 3,823 | |
454/9 |
2,121 | 132 | |
47/48 |
1,131 | 23,024 | |
| Income statement | |||
9900 |
48,965 | 30,456 | |
62 |
19,552 | 20,200 | |
630 |
11,900 | 9,729 | |
640/8 |
1,810 | 943 | |
9901 |
15,703 | -416 | |
65/66B |
2,665 | 92 | |
65 |
2,665 | 92 | |
9903 |
13,038 | -508 | |
67/77 |
330 | 143 | |
9904 |
12,708 | -651 | |
9905 |
12,708 | -651 | |
| Appropriation of the result | |||
9906 |
-9,313 | -22,021 | |
14P |
-22,021 | -21,370 | |
| Social balance sheet | |||
9087 |
1.3 | 0.8 | |
Hours worked1013 |
1,281 | 1,405 | |
| Document | |||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 27,603 | 9,313 | ||
| 24,608 | 9,078 | ||
| 11,415 | 7,740 | ||
| 1,883 | - | ||
| -11,003 | -22,386 | ||
| -16.4% | -57.2% | ||
| 0.48 | 0.37 | ||
| 48.3% | -2.2% | ||
| 10.36 | over 100 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | - | 1 |
| part-time | - | 1 |
| in full-time equivalents | - | 0.1 |
| 0.7 | 0.8 | |
| Joined | 186 | 201 |
| Left | 187 | 200 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €11,415 | €7,740 |
| €11,900 | €9,729 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €15,703, after a loss of €416 in 2024.
Equity is negative. Debt (€30,600) exceeds the balance-sheet total (€26,285).
FMO has no parent and no holdings in its annual accounts. FMO shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| L. Devillersstraat 49 registered office 1654 Beersel | ||
| Kerkstraat 107 1653 Beersel | 28-05-2015 | 2.243.391.353 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23017D0264/00K000 | 679 m² | 1 · 184 m² | 7.6 m · 1 |
| 23035A0397/00W008 | 333 m² | 1 · 113 m² | 11.2 m · 3 |
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