FNM
ActiveFNM has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €140k and a net result of €1k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 73% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▼-9
Solvency92▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.68 against 7.67 in 2023; short-term debt: 32.9% and cash: 40% of total assets), and 32.9% 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.
−lowers risk+raises risk○neutral
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 →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
59 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€140k▲ 0.9%
2023 · €139k
2018: €60k
2019: €61k
2020: €117k
2021: €134k
2022: €135k
2023: €139k
2018 → 2024
Total assets
€209k▲ 35.2%
2023 · €155k
2018: €96k
2019: €97k
2020: €176k
2021: €176k
2022: €166k
2023: €155k
2018 → 2024
Net result
€1k▼ 68.4%
2023 · €4k
2018: €13k
2019: €223
2020: €56k
2021: €20k
2022: €675
2023: €4k
2018 → 2024
Working capital
€115k▲ 11.1%
2023 · €104k
2018: €39k
2019: €47k
2020: €49k
2021: €83k
2022: €95k
2023: €104k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€117k-€134k▲ 15.0%€135k▲ 0.5%€139k▲ 3.0%€140k▲ 0.9%
Operating result€84k-€35k▼ 58.3%€19k▼ 44.9%€13k▼ 30.8%€11k▼ 19.5%
Net result€56k-€20k▼ 64.6%€675▼ 96.6%€4k▲ 509%€1k▼ 68.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 20% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €209k
Fixed assets
€25k▼ 28.9%
Current assets
€184k▲ 54.1%
Equity and liabilities €209k
Equity
€140k▲ 0.9%
Debt
€69k▲ 341%
The debt ratio rises from 10.1% to 32.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▲
2023 · €27k
Cash flow
€18k▼
2023 · €18k
Solvency
67.1%▼
2023 · 89.9%
Current ratio
2.68▼
2023 · 7.67
Quick ratio
2.68▼
2023 · 7.67
Debt / equity
0.49▲
2023 · 0.11
ROE
0.9%▼
2023 · 3.0%
ROA
0.6%▼
2023 · 2.7%
Interest coverage
5.16▼
2023 · 9.93
Debt
€69k▲
2023 · €16k
Debt ≤ 1 year
€69k▲
2023 · €16k
Income taxes
€7k▼
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€155k€209k▲
Fixed assets21/28€35k€25k▼
Tangible fixed assets22/27€35k€25k▼
Land and buildings22€112-
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€24k€16k▼
Other tangible fixed assets26€2k€2k=
Current assets29/58€119k€184k▲
Amounts receivable within one year40/41€76k€99k▲
Trade receivables40€39k€32k▼
Other amounts receivable41€37k€67k▲
Cash at bank and in hand54/58€43k€84k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€155k€209k▲
Equity10/15€139k€140k▲
Contributions10/11€7k€7k=
Reserves13€131k€131k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€129k€129k=
Profit (loss) carried forward14€898€2k▲
Amounts payable17/49€16k€69k▲
Amounts payable within one year42/48€16k€69k▲
Trade debts44€7k€54k▲
Suppliers440/4€7k€54k▲
Taxes, remuneration and social security45€8k€14k▲
Taxes450/3€8k€14k▲
Other amounts payable47/48€279€279=
Income statement
Code20232024
Non-recurring operating income76A-€17k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€16k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€31k€31k▲
Operating profit (loss)9901€13k€11k▼
Financial income75/76B€728€3k▲
Recurring financial income75€728€3k▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€11k€8k▼
Income taxes67/77€7k€7k▼
Profit (loss) for the period9904€4k€1k▼
Profit (loss) for the period to be appropriated9905€4k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€2k▼
Profit (loss) brought forward from the previous period14P€898€898=
Transfer to equity691/2€4k-
To other reserves6921€4k-
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €56k ▲25054%
Operating result €84k, net result €56k, both a record.
31-12
Financial
Equity above €100kEq €117k ▲92.4%
3 profitable years in a row build equity to €117k.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Weakest financial yearnet €223 ▼98.3%
Net result drops to €223, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lokeren · 1 establishment unit since 2012
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.
Derbystraat 439160 LokerenGround area
271 m²
Building footprint
84 m²
Volume, LiDAR
572 m³
Parcel 46382B0419/00M000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FNM
since 20122.212.692.041
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B0419/00M000 | Flanders | 271 m² | 1 · 84 m² | 10.0 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.
Similar companies · same sector, comparable size
BRUNCO
BE 0861.170.354
Opwijk · Eq €140k
VAN DYCK RUBEN, afgekort VDR
BE 1011.060.494
Ranst · Eq €140k
JVD CONSTRUCT
BE 0759.711.126
Mons · Eq €140k
KG-Projects
BE 0784.451.668
Rumst · Eq €140k
ALLAERT HENDRIK GRONDWERKEN
BE 0883.541.623
Harelbeke · Eq €141k
Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 2,650 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2012
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
42110Construction of roads and motorways
42211Civil engineering
42212Civil engineering
42220Construction of utility projects for electricity and telecommunications
43130Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0488605591