ACTIVE

FM DEVELOPPEMENT

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Financial year 2025 · Closed on 31/12/2025

Net result
65,6 k €
-57,5 %over 1 year
Gross margin
876,9 k €
-6,8 %over 1 year
Equity
407,5 k €
-46,1 %over 1 year
Workforce
16,1 ETP
+11,8 %over 1 year

Identity

Source · BCE/KBO

FM DEVELOPPEMENT is a Private limited company incorporated in 1995. Its main activity is: Radio broadcasting. Its registered office is in Etterbeek. It employs on average 16,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0455.941.273
Incorporation
07/09/1995
Legal form
Private limited company
Registered office
Rue des Francs 79
1040 Etterbeek · BruxellesSee on map
Contributed capital
152 892,01 €
Latest accounts
31/12/2025
Average workforce
16,1 ETP
Joint committees (1)
  • 218
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin876,9 k €940,9 k €631,3 k €681,8 k €909 k €
EBITDA197,4 k €298,7 k €104 €83,6 k €320,4 k €
Operating result92,4 k €238,3 k €-82,4 k €15 k €269,2 k €
Net result65,6 k €154,5 k €-83,4 k €26,4 k €220,5 k €
Balance sheet
Equity407,5 k €756,1 k €601,6 k €685,1 k €763,7 k €
Total assets1,6 M €2,7 M €886,3 k €1,5 M €1,3 M €
Cash125,3 k €1,2 M €114,3 k €175,3 k €123 k €
Debts1,2 M €1,9 M €284,2 k €835,7 k €494,7 k €
Other
Workforce16,1 ETP14,4 ETP–––

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 14 ended

Active mandates

MAJA Group

Director · since 29 juin 2026 · until 29 juin 2032 · 1031.340.622

Represented by François Le Hodey

Active
IPM Group

Director · since 21 décembre 2023 · until 29 juin 2026 · 0403.508.716

Represented by François LE HODEY

Active

Ended mandates

IPM Group

Director · since 21 décembre 2023 · 0403.508.716

Represented by François LE HODEY

Ended
Willy Decourty

Director · since 12 septembre 2022 · until 21 décembre 2023

Ended
Willy Decourty

Director · since 12 septembre 2022

Ended
Laura Facco

Director · since 04 juin 2008 · until 21 décembre 2023

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/07/202601/07/202519/07/202422/06/202321/06/202222/06/2021
General meeting29/06/202630/06/202524/06/202419/06/202316/06/202216/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/06/202627/07/2026FrenchPDF
Abridged model31/12/202430/06/202501/07/2025FrenchPDF
Micro model31/12/202324/06/202419/07/2024FrenchPDF
Micro model31/12/202219/06/202322/06/2023FrenchPDF
Micro model31/12/202116/06/202221/06/2022FrenchPDF
Abridged model31/12/202016/06/202122/06/2021FrenchPDF
Abridged model31/12/201925/06/202012/08/2020FrenchPDF
Abridged model31/12/201825/06/201926/06/2019FrenchPDF
Abridged model31/12/201715/06/201827/06/2018FrenchPDF
Abridged model31/12/201616/06/201720/06/2017FrenchPDF
Abridged model31/12/201529/06/201606/07/2016FrenchPDF
Abridged model31/12/201423/06/201503/08/2015FrenchPDF
Abridged model31/12/201310/06/201420/06/2014FrenchPDF
Abridged model31/12/201212/06/201314/06/2013FrenchPDF
Abridged model31/12/201112/06/201212/06/2012FrenchPDF
Abridged model31/12/201020/05/201125/05/2011FrenchPDF
Abridged model31/12/200917/06/201020/07/2010FrenchPDF
Abridged model31/12/200826/06/200907/07/2009FrenchPDF
Abridged model31/12/200704/06/200823/06/2008FrenchPDF
Abridged model31/12/200620/06/200702/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 14 ended

Active mandates

MAJA Group

Director · since 29 juin 2026 · until 29 juin 2032 · 1031.340.622

Represented by François Le Hodey

Active
IPM Group

Director · since 21 décembre 2023 · until 29 juin 2026 · 0403.508.716

Represented by François LE HODEY

Active

Ended mandates

IPM Group

Director · since 21 décembre 2023 · 0403.508.716

Represented by François LE HODEY

Ended
Willy Decourty

Director · since 12 septembre 2022 · until 21 décembre 2023

Ended
Willy Decourty

Director · since 12 septembre 2022

Ended
Laura Facco

Director · since 04 juin 2008 · until 21 décembre 2023

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates09/09/2026
    5. DEMISSION ET NOMINATION D'UN ADMINISTRATEUR (extrait AGO du 29.
    PDF
  • Restructuring26/08/2025
    SIEGE SOCIAL - CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Other04/07/2025
    DIVERS
    PDF
  • Restructuring27/05/2025
    SIEGE SOCIAL - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates17/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/10/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/09/2009
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202565,6 k €↓
  2. 2024
    Annual accounts 2024154,5 k €↑
  3. 2023
    Annual accounts 2023-83,4 k €↓
  4. 2022
    Annual accounts 202226,4 k €↓
  5. 2021
    Annual accounts 2021220,5 k €↑
  6. 2020
    Annual accounts 202030,9 k €↑
  7. 2019
    Annual accounts 20199,7 k €↓
  8. 2018
    Annual accounts 201846,9 k €↓
  9. 2017
    Annual accounts 201762,9 k €↓
  10. 2016
    Annual accounts 201692,7 k €↑
  11. 2015
    Annual accounts 201579 k €↑
  12. 2014
    Annual accounts 201466,1 k €↓
  13. 2013
    Annual accounts 2013104 k €↓
  14. 2012
    Annual accounts 2012109,2 k €↑
  15. 2011
    Annual accounts 2011100,1 k €↑
  16. 2010
    Annual accounts 201050,1 k €↓
  17. 2009
    Annual accounts 200989,4 k €↑
  18. 2008
    Annual accounts 200822,7 k €↑
  19. 2007
    Annual accounts 20074,9 k €↓
  20. 2006
    Annual accounts 20066 k €
  21. 07/09/1995
    IncorporationPrivate limited company