Active BE 0893.023.867Public limited companyOpen bankruptcy

FMP+

Nijverheidsstraat 9 ·2570 Duffel, Belgium· 18 yrs active

Sector: Specialised construction (43343)

Conclusion Checked

A bankruptcy procedure is open for FMP+ according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-345k) and a net result of €-510k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-345k
Net result	€-510k
Staff (FTE)	33.1
Better than sector	5%

Snowflake analysis 5 axes · computed by Checked

34 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 100

Solvency 40

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2020 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 13-07-2021 with the NBB · fiscal year 2020 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-10.1%	30.6%	better than 5% of 384 sector peers
Net result	€-838k	€24k	better than 5% of 384 sector peers
Equity	€-345k	€212k	better than 5% of 384 sector peers
Gross operating margin	€1.51M	€307k	better than 93% of 384 sector peers
Employees (FTE)	33.1	6.5	better than 95% of 283 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-692k

- far below sector median

Net profit

€-510k

- far below sector median

Cash flow

€-341k

- far below sector median

Total assets

€3.41M

-4.5% +104% vs sector

Equity

€-345k

- far below sector median

Working capital

€-654k

- far below sector median

Employees (FTE)

33

-0.9% +124% vs sector

Income taxes

€0

-100.0% -100% vs sector

Dividends

€0

- 18-20

Debt

€3.75M

+22.0% +113% vs sector

Debt ≤ 1y

€3.54M

+26.4% +182% vs sector

Debt > 1y

€215k

-22.8% -53% vs sector

Current ratio

0.82

-20.4% -23% vs sector

Quick ratio

0.69

-20.1% -12% vs sector

Solvency

-10.1%

- far below sector median

Debt / equity

-0.62

- far below sector median

ROE

147.8%

+122.3% far above sector median

ROA

-15.0%

- far below sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Revenue	-
EBITDA	€-692k
Net profit	€-510k
Cash flow	€-341k
Staff costs	-
Income taxes	€0
Dividends	-
Total assets	€3.41M
Equity	€-345k
Debt	€3.75M
of which ≤ 1y	€3.54M
of which > 1y	€215k
Working capital	€-654k
Employees (FTE)	33.1

Ratios (computed)

	2020
Current ratio	0.82
Quick ratio	0.69
Working capital ratio	-19.2%
Solvency	-10.1%
Debt / equity	-0.62
Long-term debt ratio	-0.62
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-15.0%
ROE	147.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €524k · 15.4% Current assets €2.88M · 84.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.41M
Fixed assets	21/28	€524k
Formation expenses	20	€0
Tangible fixed assets	22/27	€523k
Financial fixed assets	28	€810
Current assets	29/58	€2.88M
Stocks & contracts in progress	3	€441k
Amounts receivable within one year	40/41	€1.31M
Cash & bank	54/58	€313k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.41M
Equity	10/15	€-345k
Contributions / capital	10/11	€150k
Reserves	13	€15k
Accumulated profits (losses)	14	€-510k
Amounts payable	17/49	€3.75M
Amounts payable after one year	17	€215k
Amounts payable within one year	42/48	€3.54M
Trade debts payable within one year	44	€1.06M
Income statement
Gross operating margin	9900	€1.51M
Operating result	9901	€-861k
Financial income	75	€94k
Financial charges	65	€71k
Result before taxes	9903	€-838k
Income taxes	67/77	€0
Net result for the period	9904	€-838k
Result to be appropriated	9905	€-838k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	YVES DESUTTER BOONHOF 24, 2890. PUURS-SINT- AMANDS	19-12-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43343)
Legal form	Public limited company(014)
Incorporation	24-10-2007
Status	Active
Postal code	2570
First BS signal	23-12-2022
Latest BS signal	23-12-2022

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

FMP+

Nijverheidsstraat 9, 2570 DuffelVervaardiging van motoren met inwendige verbranding en onderdelen daarvan, voor divers gebruik :voor railvoertuigen, landbouwwerktuigen en machines voor de bouwnijverheid, scheepsmotoren en buitenboot

since 20072.166.687.218

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12302B0253/00F000	Flanders	1.5 ha	1 · 2,570 m²	7.7 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

23-12-2022

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Mechelen · FMP+ NV NIJVERHEIDS- STRAAT 9, 2570 DUFFEL · event 19-12-2022

2021

13-07-2021