Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FM DEVELOPPEMENT from Etterbeek, company number BE0455941273, closed financial year 2025 with a result of € 65,622 after tax. For that financial year FM DEVELOPPEMENT recorded a gross margin of € 876,909 and equity of € 407,509. Compared with financial year 2024, the result moved from € 154,498 to € 65,622. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 407,509
▼ 46% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 65,622
▼ 58% vs 2024
Profit after tax over the fiscal year.
€ 125,276
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 800,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
16.1
▲ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 669,431
▲ 10% vs 2024
€ 41,600 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.
€ 39,798
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 18,503
▼ 55% vs 2024
€ 13,008 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 131,744
▼ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 150,163
▲ 53% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 681,835 | € 631,258 | € 940,888 | € 876,909 | ▼ 7% |
| Profit after taxes | € 26,374 | € -83,412 | € 154,498 | € 65,622 | ▼ 58% |
| Equity | € 685,058 | € 601,646 | € 756,144 | € 407,509 | ▼ 46% |
| Total debts | € 837,734 | € 284,686 | € 1,896,248 | € 1,214,698 | ▼ 36% |
| Cash | € 175,257 | € 114,257 | € 1,228,121 | € 125,276 | ▼ 90% |
| Retained profit | € 591,466 | € 508,054 | € 662,552 | € 254,617 | ▼ 62% |
| Dividend | € 105,000 | € 0 | € 0 | € 800,000 | |
| Bank debt | € 93,437 | € 66,657 | € 40,821 | € 18,503 | ▼ 55% |
| Balance sheet total | € 1,522,792 | € 886,332 | € 2,652,393 | € 1,622,207 | ▼ 39% |
| Employees (FTE) | - | - | 14.4 | 16.1 | ▲ 1.7 |
Key figures of FM DEVELOPPEMENT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FM DEVELOPPEMENT?
What happened at FM DEVELOPPEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MAJA GROUP stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 65,622 (▼ 58% vs 2024). Source: NBB ↗
- MAJA GROUP became a director. NBB
- IPM Group SA stepped down as director. NBB
- New establishment in Etterbeek. KBO
- IPM Group SA became a director. NBB
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,374 profit in 2022 to € 65,622 profit in 2025.
Paid € 83,959 in corporate taxes since 2022.
Best year ever: 2024, with € 154,498 profit.
On average € 54,500 of value added per employee in 2025.
Management
The stake of MICRO - FM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FM DEVELOPPEMENTThe shares are held by MICRO - FM (100%).
Directors
According to the 2025 annual accounts
Director · represented by François Le Hodey
Also active at: MICRO - FM, ASSOCIATION DES GRANDS VOYAGEURS- VERENIGING VOOR GROTE REIZIGERS, WantoTravel, CARACTERE, IPM RADIO, LES NEWS 24, Capital-X
since 2026 · until 2032
Director · represented by François LE HODEY
Also active at: B en M, MICRO - FM, ASSOCIATION DES GRANDS VOYAGEURS- VERENIGING VOOR GROTE REIZIGERS, FUN RADIO BELGIQUE, WantoTravel, BSCOVERY, IPM RADIO, YAGO +3 more
since 2023 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Frankenstraat 79
1040 Etterbeek
Télémachuslaan 33
1190 Vorst
Active since 17 October 1995
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
All companies at this address →IPM Group same network
€ 48.8 million revenue · 2025
IPM Petite Ile
€ 2.9 million revenue · 2025
TRAVEL TEAM CONSULT and REPRESENTATIVE
€ 1 million gross margin · 2025
Axemédia
€ 1.5 million gross margin · 2025
MICRO - FM same network
€ 13,547 gross margin · 2025
+38 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0455.941.273
- VAT number
- BE 0455.941.273
- Registered office
- Frankenstraat 79, 1040 Etterbeek
- Names & denominations
- FM DEVELOPPEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 September 1995
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
Uitzenden van radioprogramma’s en distributie van audio
Productie en uitzending van radioprogramma's