1975–1986: early years

The club was established under the name KK ILR Železnik in 1975 on the joint initiative of the Ivo Lola Ribar Machine Factory (named after Yugoslav communist politician and military leader Ivo Lola Ribar) and the Železnik local community administrative board. Initially, the club was part of the Ivo Lola Ribar Sports Society, which, in addition to basketball, also fielded teams in football, handball, volleyball, boxing, bowling, archery, and chess.^[6]

During its beginnings, the club competed in the Belgrade Municipal League (Belgrade Zone), playing its home games on the outdoor concrete court belonging to the Braća Jerković Elementary School. Since the local league was run in the spring-summer period, the club also entered the Belgrade Winter League in order to maintain the fitness level until the start of the next season. The new club was well-received by Železnik residents who often packed the small home court. Over time, as interest in basketball grew throughout the community, the club started developing a youth system by adding various age categories.^[6]

In the 1980s, the Železnik's senior squad starting posting notable results as the club progressed from the lower leagues. By the mid-1980s, they made it to Serbian Provincial League. However, with promotion to a higher level of competition, the operating costs also started rising. Unable to cover the costs of renting a basketball hall in which to compete, ILR Železnik effectively folded in 1986 as basketball activities ceased.^[6]

1991–2011: years of success

The club was inactive until 1991 when it got reestablished under the name KK FMP Železnik on the initiative of the Fabrika metalnih proizvoda (Metal Products Factory), which became the club's owner. Almost immediately, the reestablished club continued where it had left-off in 1986. Following a season in the Second Serbian Provincial League, the club gained promotion to the First Provincial League. For the 1994–95 season, FMP Železnik made it to the YUBA B League, the 2nd-tier league in FR Yugoslavia. In this season, they won a top spot with only four losses, winning promotion to the YUBA League. On the club's 20th anniversary, in the 1995–96 season, FMP Železnik competed in the national top-tier league, finishing third the Group Three and gaining qualification into the second stage, the Championship League, where they finished ninth with a 19–17 record.^[7] In 1997, the club won its first major trophy, the Yugoslav Cup, after a 105–92 win over Partizan Inex in Niš.^[8] The club has never won a National League title, even they went into three finals (1996–97, 1997–98, 2002–03).^[6]

In the 2003–04 ABA season, the team, competing under the name KK Reflex, won the regional ABA League, defeating Croatian side Cibona in the final.^[9] Two years later, the club won another ABA title winning over Partizan in the Final.^[10]

FMP played in the final of the 2011 Radivoj Korać Cup against Partizan, where they lost 77–73.

2011–2015: agreement with Crvena zvezda

In August 2011, the club has reached a five-year agreement with KK Crvena zvezda after which the club used the Crvena zvezda's name, emblem, and colors in that period.^[11] The agreement stipulates that all the club's results within the specified period (including trophies) will be attributed to the Crvena zvezda. After this period, the contract stipulated that Crvena zvezda will continue where the FMP has left off.

In July 2015, Crvena zvezda became financially consolidate, and the agreement between the clubs ended a year before it was originally planned.^[1] In the meantime, KK Radnički Basket (formerly Radnički Novi Sad) changed its name to Radnički FMP and subsequently to KK FMP in 2013 with headquarters at the same address where the "original" FMP was based. Radnički FMP used the same team colors and partially modified logo, while "the original" FMP has changed its name to KK ILR Železnik and started competing with a youth system only.^[2][3]

Retired numbers

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KK FMP retired numbers
No	Nat.	Player	Position	Tenure	Ref.
4		Miloš Teodosić	PG	2004–2007
		Bojan Popović	PG	2001–2005
5		Reggie Freeman	SG	2002–2003, 2003–2005
10		Goran Bošković	SG/SF	1996–1998
12		Goran Nikolić	PF/C	1997–2003
14		Ognjen Aškrabić	PF/C	1998–2004
20		Duško Savanović	PF	2003–2004; 2005–2006

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Players in the NBA draft

More information Position, Player ...

Position	Player	Year	Round	Pick	Drafted by
PF	Vladimir Radmanović	2001	1st round	12th	Seattle SuperSonics
SG	Mladen Šekularac#	2002	2nd round	55th	Dallas Mavericks
C	Mile Ilić	2005	2nd round	43rd	New Jersey Nets

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Trophies

YUBA League

• Runners-up (3) – 1996–97, 1997–98, 2002–03

Yugoslav Cup / Radivoj Korać Cup

• Winners (4) – 1996–97, 2002–03, 2004–05, 2006–07
• Runners-up (4) – 1998–99, 2003–04, 2009–10, 2010–11

Adriatic League

• Winners (2) – 2003–04, 2005–06
• Runners-up (1) – 2006–07