Skip to content

FOMECO

Active
Public limited companyfounded 1993active for 33 yearsBlokellestraat(Z) 121, 8550 Zwevegem, BelgiumKBO/BCE: BE 0450.254.796
Summary

FOMECO has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.9m and a net result of €2.5m. Equity remains stable across the filed financial years (±2.3% per year). Its solvency ranks better than 58% of 95 sector peers (NACE 29, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Manufacture of motor vehicles, trailers and semi-trailers
NACE 29320Machining of metals NACE 25530
2nd largest employer in Zwevegem1 site
Size
€41.0mturnover 2025
Staff
193.4 FTE
Equity
€8.9m
Profit
€2.5m
Net result +101%: 15-month year
Financial health
98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
FOMECO GROUP · 100%
Holdings
1
  • Vincent BayartDirector
Accounts 38 days early1 of 11 deeds read
Why 98lowers riskLiquidity: current ratio 1.68, cash €5.7mFounded in 1993Size: turnover €41.0m, 193.4 FTE, total assets €20.1mProfit of €2.5m (financial year 2025)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 83% of its sector peers (NACE 29)
Financial strength · tick = 2024
Strong
Solvency 69-11
equity 44.3% of total assets
Liquidity 63+18
short-term debt 46.3% · cash 28.2%
Profitability 79+8
return on assets 12.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (27 companies, NACE 29, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.2%▲ +0.1 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026highest value 10-2026: < 0.1%▼ -0.3 percentage points vs 09-2026lowest value
Credit of up to €850,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.68, compared with 2.46 in 2024, above the usual 1.5; short-term debt: 46.3% and cash: 28.2% of total assets), but 55.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 29): better than 63% on solvency, 98% on liquidity and 88% on profitability.

The bankruptcy probability was computed on 19-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 1.68, cash €5.7m
NBB · annual accounts
lowers risk · Founded in 1993
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €41.0m, 193.4 FTE, total assets €20.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Profit of €2.5m (financial year 2025)
NBB · annual accounts
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
38 days early
2024
23 days early
2023
13 days early
2022
24 days early
2021
30 days early
2020
24 days early
2019
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 29) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointment: Vincent Bayart (sole director)Permanent representative: BAYART Vincent Eddy…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Result rose in 202515-month financial year ▲ 101% View
  • Positive: 2nd largest employer in Zwevegemin the Checked rankings No. 2 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by FOMECO GROUPultimately: Per Vannesjö Invest AB 100% View
  • Flemish supportawarded from 2022 to 2025 €89,971 View

By topic

Financials

Financial year
2025
Turnover
€41.0m
Profit
€2.5m
Solvency
44.3%
Turnover▲ 24.4%
Net result
20192025
Go to Financials

Network & group

Group
Per Vannesjö Invest AB
Subsidiaries
1
Connected companies
1

1 subsidiary

Go to Network & group

Timeline

Events
35
Since
1994
  1. 17-04-2024Annual accounts filed
  2. 30-09-2023Back to profit
  3. 06-04-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of motor vehicles, trailers and semi-trailersNACE 29320
Founded
28-05-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.