F&M CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of F&M CONSTRUCTION is 2.1% (moderate). The 2025 annual accounts show equity of €28k and a net result of €25k. Equity is shrinking by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 23% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▼-5
Solvency46▼-27
Growth32=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 4.75 in 2024; short-term debt: 44.8% and cash: 78% of total assets), but 79% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
21%
Return on assets
18.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 23%
← weakest
strongest →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
11 d early
2024
17 d early
2023
30 d late
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€28k▼ 29.8%
2024 · €40k
2021: €53k
2022: €45k
2023: €39k
2024: €40k
2021 → 2025
Total assets
€134k▲ 60.4%
2024 · €84k
2021: €141k
2022: €85k
2023: €74k
2024: €84k
2021 → 2025
Net result
€25k▲ 31.0%
2024 · €19k
2021: €48k
2022: €-8k
2023: €-6k
2024: €19k
2021 → 2025
Working capital
€73k▲ 11.0%
2024 · €65k
2021: €40k
2022: €37k
2023: €51k
2024: €65k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€53k-€45k▼ 15.3%€39k▼ 13.6%€40k▲ 3.0%€28k▼ 29.8%
Operating result€65k-€-7k€-7k▲ 8.7%€21k€31k▲ 45.8%
Net result€48k-€-8k€-6k▲ 24.8%€19k€25k▲ 31.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 46% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134k
Fixed assets
€1k ▲ 115%
Current assets
€133k ▲ 60.1%
Equity and liabilities €134k
Equity
€28k ▼ 29.8%
Debt
€106k ▲ 144%
Debt's share of the balance-sheet total rises from 52.1% to 79.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31k▲
2024 · €25k
Cash flow
€25k▲
2024 · €23k
Current ratio
2.21▼
2024 · 4.75
Quick ratio
1.86▼
2024 · 4.67
Debt to equity
3.77▲
2024 · 1.09
ROE
87.7%▲
2024 · 46.9%
ROA
18.4%▼
2024 · 22.5%
Interest coverage
66.19▲
2024 · 40.16
Debt ≤ 1 year
€60k▲
2024 · €17k
Income taxes
€7k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€84k€134k▲
Fixed assets21/28€581€1k▲
Tangible fixed assets22/27€56€722▲
Furniture and vehicles24€56€722▲
Financial fixed assets28€525€525=
Current assets29/58€83k€133k▲
Stocks and contracts in progress3€1k€21k▲
Stocks30/36€1k€21k▲
Amounts receivable within one year40/41€18k€6k▼
Trade receivables40€17k€2k▼
Other amounts receivable41€915€4k▲
Cash at bank and in hand54/58€63k€105k▲
Deferred charges and accrued income490/1€785€796▲
Equity and liabilities
Total equity and liabilities10/49€84k€134k▲
Equity10/15€40k€28k▼
Contributions10/11€5k€5k=
Reserves13€35k€23k▼
Distributable reserves133€35k€23k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€43k€106k▲
Amounts payable within one year42/48€17k€60k▲
Trade debts44€1k€11k▲
Suppliers440/4€1k€11k▲
Taxes, remuneration and social security45€10k€13k▲
Taxes450/3€10k€8k▼
Remuneration and social security454/9€0€5k▲
Other amounts payable47/48€6k€37k▲
Accrued charges and deferred income492/3€26k€46k▲
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€138▼
Other operating charges640/8€861€690▼
Gross operating margin9900€26k€32k▲
Operating profit (loss)9901€21k€31k▲
Financial income75/76B€725€399▼
Recurring financial income75€725€399▼
Financial charges65/66B€630€474▼
Recurring financial charges65€630€474▼
Profit (loss) for the period before taxes9903€21k€31k▲
Income taxes67/77€3k€7k▲
Profit (loss) for the period9904€19k€25k▲
Profit (loss) for the period to be appropriated9905€19k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€25k▲
Transfer from equity791/2€0€12k▲
Transfer to equity691/2€1k€0▼
To other reserves6921€1k€0▼
Profit to be distributed694/7€18k€37k▲
Return on contributions (dividend)694€18k€37k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-8k ▼117%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Menen · 1 establishment unit since 2021
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.
Gentstraat 18930 MenenGround area
211 m²
Building footprint
158 m²
Volume, LiDAR
828 m³
Parcel 34032B0636/00K002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
F&M CONSTRUCTION
since 20212.316.595.669
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34032B0636/00K002 | Flanders | 211 m² | 1 · 158 m² | 10.3 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
BEDA Consulting
BE 0684.957.382
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Alexander Van Overtfeldt
BE 0884.893.683
Zulte · Eq €28,079
PANNIS
BE 0786.192.720
Geraardsbergen · Eq €28,119
B. & B. BART RAMAEKERS
BE 0865.125.380
Genk · Eq €28,129
K-RENOVE
BE 0773.468.595
Morlanwelz · Eq €28,133
Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 6,694 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43343Specialised construction activities
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.