ACTIVE

FMBA

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Financial year 2025 · closed on 31/12/2025

Net result

30 k €

-1.9% YoY

Gross margin

354,6 k €

+25.7% YoY

Equity

181,7 k €

+2.9% YoY

What does FMBA do?

FMBA is a Private limited company incorporated in 2007. Its main activity is: Freight transport by road. Its registered office is in Saint-Gilles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0893.449.479

Incorporation

14/11/2007

Legal form

Private limited company

Registered office

Rue Théodore Verhaegen 196
1060 Saint-Gilles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 60242Television programming and broadcasting activities 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.53200Other postal and courier activities+2

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	354,6 k €	+25.7%	282,2 k €	+21.8%	231,8 k €	-12.5%	264,9 k €	+31.9%	200,8 k €	+40.2%	143,3 k €	-23.4%	187,1 k €	+19.1%	157,2 k €	-41.2%	267,2 k €	-36.6%	421,2 k €	-26.7%	574,5 k €	-3.5%	595,5 k €	+28.0%	465,3 k €	+95.0%	238,6 k €	-1.6%	242,5 k €	+49.6%	162,1 k €	+374%	34,2 k €	-26.0%	46,2 k €
EBITDA	91,6 k €	+5.8%	86,6 k €	+198%	29 k €	-66.1%	85,6 k €	+92.4%	44,5 k €	+1.7%	43,7 k €	-52.9%	92,8 k €	+973%	-10,6 k €	+71.2%	-36,9 k €	-244%	25,6 k €	+56.1%	16,4 k €	-42.3%	28,5 k €	+319%	6,8 k €	-74.9%	27 k €	-1.4%	27,4 k €	-65.3%	79 k €	+772%	9,1 k €	-56.9%	21 k €
Operating result	49,9 k €	-10.1%	55,4 k €	+406%	11 k €	-83.4%	66,1 k €	+375%	13,9 k €	-12.9%	16 k €	-78.1%	73 k €	+399%	-24,4 k €	+48.1%	-47 k €	-380%	16,8 k €	+97.5%	8,5 k €	-60.8%	21,7 k €	+792%	2,4 k €	-87.6%	19,6 k €	-1.9%	20 k €	-69.9%	66,5 k €	+2080%	3,1 k €	-85.2%	20,6 k €
Net result	30 k €	-1.9%	30,6 k €	+1172%	2,4 k €	-94.0%	40,3 k €	+705%	5 k €	-37.8%	8,1 k €	-88.2%	68,2 k €	+363%	-25,9 k €	+52.0%	-54,1 k €	-1339%	4,4 k €	+20.3%	3,6 k €	+410%	-1,2 k €	-148%	2,4 k €	-80.8%	12,7 k €	+960%	-1,5 k €	-103%	51,3 k €	+4359%	-1,2 k €	-106%	20,3 k €
Balance sheet
Equity	181,7 k €	+2.9%	176,7 k €	+21.0%	146,1 k €	+1.7%	143,6 k €	+39.1%	103,3 k €	+5.1%	98,3 k €	+8.9%	90,2 k €	+309%	22 k €	-54.1%	48 k €	-53.0%	102,1 k €	+4.5%	97,7 k €	+3.9%	94,1 k €	-1.2%	95,3 k €	+2.6%	92,8 k €	+6.0%	87,6 k €	-1.7%	89 k €	+136%	37,7 k €	-3.1%	38,9 k €
Total assets	341 k €	-4.2%	355,8 k €	+3.3%	344,5 k €	-3.4%	356,7 k €	+68.9%	211,3 k €	-2.8%	217,4 k €	+37.1%	158,6 k €	+15.9%	136,8 k €	-8.4%	149,4 k €	-53.5%	321 k €	-8.4%	350,6 k €	+3.4%	339,1 k €	+15.8%	292,9 k €	-17.4%	354,6 k €	-4.7%	372,1 k €	+90.8%	195 k €	+114%	91,2 k €	+51.3%	60,3 k €
Cash	58,8 k €	+147%	23,8 k €	+496%	4 k €	-62.6%	10,7 k €	+69.9%	6,3 k €	+55.5%	4 k €	-81.3%	21,6 k €	+133%	9,3 k €	+337%	2,1 k €	+280%	558,7 €	-99.2%	73,4 k €	+7.6%	68,2 k €	+18.6%	57,5 k €	+34.7%	42,7 k €	-13.7%	49,5 k €	+0.8%	49,1 k €	+49.7%	32,8 k €	+54.6%	21,2 k €
Debts	159,3 k €	-11.1%	179,1 k €	-9.7%	198,4 k €	-6.9%	213,1 k €	+97.4%	108 k €	-9.3%	119,1 k €	+74.2%	68,4 k €	-40.5%	114,8 k €	+13.2%	101,4 k €	-53.7%	218,9 k €	-13.4%	252,8 k €	+3.2%	245 k €	+24.0%	197,6 k €	-24.5%	261,7 k €	-8.0%	284,5 k €	+168%	106 k €	+98.3%	53,4 k €	+150%	21,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		11,5 ETP	-8.0%	12,5 ETP	+78.6%	7,0 ETP	-100.0%	203 984,0 ETP	+5099500%	4,0 ETP	0.0%	4,0 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

FADWA BAHROU EL LATIFI

Director

Active

Mohammed Fellouss

Director

Active

Ended mandates

FADWA BAHROU EL LATIFI

Director · since 03 octobre 2023

Ended

Mohammed Fellouss

Director · since 03 octobre 2023

Ended

Mohammed Fellouss

Director · since 01 décembre 2020

Ended

Fadwa Bahrou El latifi

Manager · since 18 octobre 2017

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/06/2026	20/06/2025	22/07/2024	29/06/2023	01/07/2022	28/06/2021
General meeting	24/06/2026	05/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	24/06/2026	25/06/2026	French	PDF
Micro model	31/12/2024	05/06/2025	20/06/2025	French	PDF
Micro model	31/12/2023	24/06/2024	22/07/2024	French	PDF
Micro model	31/12/2022	26/06/2023	29/06/2023	French	PDF
Micro model	31/12/2021	27/06/2022	01/07/2022	French	PDF
Micro model	31/12/2020	28/06/2021	28/06/2021	French	PDF
Micro model	31/12/2019	29/06/2020	30/06/2020	French	PDF
Micro model	31/12/2018	24/06/2019	01/07/2019	French	PDF
Micro model	31/12/2017	25/06/2018	29/06/2018	French	PDF
Micro model	31/12/2016	26/06/2017	30/06/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	30/06/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	28/09/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	05/09/2014	French	PDF
Abridged model	31/12/2012	20/06/2013	11/03/2014	French	PDF
Abridged model	31/12/2011	05/06/2012	16/08/2012	French	PDF
Abridged model	31/12/2010	20/06/2011	30/09/2011	French	PDF
Abridged model	31/12/2009	25/05/2010	04/11/2010	French	PDF
Abridged model	31/12/2008	25/06/2009	29/07/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

FADWA BAHROU EL LATIFI

Director

Active

Mohammed Fellouss

Director

Active

Ended mandates

FADWA BAHROU EL LATIFI

Director · since 03 octobre 2023

Ended

Mohammed Fellouss

Director · since 03 octobre 2023

Ended

Mohammed Fellouss

Director · since 01 décembre 2020

Ended

Fadwa Bahrou El latifi

Manager · since 18 octobre 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates27/07/2021
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Registered office06/02/2018
SIEGE SOCIAL
PDF
Mandates18/10/2017
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office15/12/2016
SIEGE SOCIAL
PDF
Registered office10/04/2012
SIEGE SOCIAL
PDF
Other07/09/2010
OBJET
PDF
Other14/12/2007
DIVERS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202530 k €↓
2024
Annual accounts 202430,6 k €↑
2023
Annual accounts 20232,4 k €↓
2022
Annual accounts 202240,3 k €↑
2021
Annual accounts 20215 k €↓
2020
Annual accounts 20208,1 k €↓
2019
Annual accounts 201968,2 k €↑
2018
Annual accounts 2018-25,9 k €↑
2017
Annual accounts 2017-54,1 k €↓
2016
Annual accounts 20164,4 k €↑
2015
Annual accounts 20153,6 k €↑
2014
Annual accounts 2014-1,2 k €↓
2013
Annual accounts 20132,4 k €↓
2012
Annual accounts 201212,7 k €↑
2011
Annual accounts 2011-1,5 k €↓
2010
Annual accounts 201051,3 k €↑
2009
Annual accounts 2009-1,2 k €↓
2008
Annual accounts 200820,3 k €
14/11/2007
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FMBA

Overview

What does FMBA do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline