Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MACHINEBOUW FAGARD from Tongeren-Borgloon, company number BE0424906421, closed financial year 2025 with a result of € 13,599 after tax. For that financial year MACHINEBOUW FAGARD recorded a gross margin of € 104,871 and equity of € 608,449. Compared with financial year 2024, the result moved from € 29,210 to € 13,599. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 26, 2026.
€ 608,449
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,599
▼ 53% vs 2024
Profit after tax over the fiscal year.
€ 63,579
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 533,949.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 81,025
▲ 5% vs 2024
€ 40,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6,837
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,490
▲ 69% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 107,867 | € 100,416 | € 127,635 | € 104,871 | ▼ 18% |
| Profit after taxes | € 19,823 | € 14,157 | € 29,210 | € 13,599 | ▼ 53% |
| Equity | € 1,065,484 | € 1,065,640 | € 594,850 | € 608,449 | ▲ 2% |
| Total debts | € 123,225 | € 115,579 | € 554,677 | € 563,328 | ▲ 2% |
| Cash | € 5,755 | € 98,591 | € 85,648 | € 63,579 | ▼ 26% |
| Land & buildings | € 97,848 | € 97,848 | € 97,848 | € 97,848 | |
| Retained profit | € 990,984 | € 991,140 | € 520,350 | € 533,949 | ▲ 3% |
| Dividend | € 0 | € 14,000 | € 500,000 | € 0 | ▼ 100% |
| Balance sheet total | € 1,188,708 | € 1,181,219 | € 1,149,527 | € 1,171,777 | ▲ 2% |
| Employees (FTE) | 2 | 2 | 2 | 2 |
Key figures of MACHINEBOUW FAGARD, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MACHINEBOUW FAGARD?
What happened at MACHINEBOUW FAGARD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FMG-Services stepped down as director. NBB
- Danfag stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 13,599 (▼ 53% vs 2024). Source: NBB ↗
- FMG-Services became a director. NBB
- Danfag became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Tongeren-Borgloon. KBO
In short
From € 19,823 profit in 2022 to € 13,599 profit in 2025.
Paid € 27,749 in corporate taxes since 2022.
Best year ever: 2024, with € 29,210 profit.
On average € 52,400 of value added per employee in 2025.
Management
The stake of DANFAG, FMG-Services comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MACHINEBOUW FAGARDThe shares are held by DANFAG (50%) and FMG-Services (50%).
Directors
According to the 2025 annual accounts
Managing director · represented by Michel Fagard
since 2023 · until 2029
Managing director · represented by Danny Fagard
since 2023 · until 2029
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gasthuisbosdreef 8
3700 Tongeren-Borgloon
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0424.906.421
- VAT number
- BE 0424.906.421
- Registered office
- Gasthuisbosdreef 8, 3700 Tongeren-Borgloon
- Names & denominations
- MACHINEBOUW FAGARD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 1983
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Verspanend bewerken van metalen
Algemene metaalbewerking
Vervaardiging van niet-verspanende machines voor de metaalbewerking en van gereedschapswerktuigen voor metaalbewerking
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Groothandel in gereedschapswerktuigen
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Vervaardiging van industriële ovens en branders, inclusief elektrische