Financials
- Fiscal year
- 2024
- Total assets
- €23,627
- Profit
- €22,659
- Solvency
- 16.4%
Total assets▼ 54.8%
Net result
20202024
E. FERRARI
ActiveSummary
The computed 12-month bankruptcy probability of E. FERRARI is 6.5% (elevated). The 2024 annual accounts show equity of €3,869 and a net result of €22,659. Equity is shrinking by ~99.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 19% of 36364 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Plastering work
NACE 43310
1 site
Size
€23,627total assets 2024
- Equity
- €3,869
- Profit
- €22,659
Turnover not published (abridged schema)
Structure
Accounts 64 d overdue0 of 3 deeds read
Why 36- Figures for FY 2024 (filed 29-08-2025)- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; latest accounts 29 days late; 1 of the last 3 late- Founded in 2019Show the evidence
Checked score
Score 2024
36
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 48% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
41+9
equity 16.4% of total assets
Liquidity
41+29
short-term debt 71.3% · cash 23.4%
Profitability
100+25
return on assets 95.9%
Bankruptcy probability, 12 months
6.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 4.7%
12-2024: 5.3%▲ +12.4% vs 11-2024
01-2025: 5.3%▲ +0.8% vs 12-2024
02-2025: 5.3%● 0.0% vs 01-2025
03-2025: 5.4%▲ +1.4% vs 02-2025
04-2025: 5.4%▼ -0.4% vs 03-2025
05-2025: 5.3%▼ -1.7% vs 04-2025
06-2025: 4.8%▼ -8.5% vs 05-2025
07-2025: 4.9%▲ +1.5% vs 06-2025
08-2025: 5.6%▲ +15.3% vs 07-2025
09-2025: 1.8%▼ -68.0% vs 08-2025lowest value
10-2025: 1.8%▲ +1.4% vs 09-2025
11-2025: 1.8%● 0.0% vs 10-2025
12-2025: 1.8%● 0.0% vs 11-2025
01-2026: 1.8%▼ -1.3% vs 12-2025
02-2026: 1.8%● 0.0% vs 01-2026
03-2026: 1.9%▲ +2.6% vs 02-2026
04-2026: 1.9%▲ +4.8% vs 03-2026
05-2026: 2.3%▲ +19.3% vs 04-2026
06-2026: 2.3%▼ -3.1% vs 05-2026
07-2026: 2.3%▲ +1.7% vs 06-2026
08-2026: 3.3%▲ +44.6% vs 07-2026
09-2026: 3.7%▲ +12.4% vs 08-2026
10-2026: 6.5%▲ +73.4% vs 09-2026highest value
- Figures for FY 2024 (filed 29-08-2025) raises the probability
- 1 change of registered office in 24 months raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 29 days late; 1 of the last 3 late raises the probability
- Founded in 2019 raises the probability for this profile
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.82 against 0.84 in 2023; short-term debt: 71.3% and cash: 23.4% of total assets), and 83.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 18%, liquidity 30%, profitability 93%, growth against the median 53%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36364 sector peers (2024).
NBB · sector comparisonPosition among 36364 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €3,869
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
118 d late
2022
28 d late
2021
30 d late
2020
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 47 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2020net €22,659 ▲751%
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 8
- Since
- 2021
- 29-08-2025Annual accounts filed
- 31-12-2024Highest result since 2020
- 26-11-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Plastering workNACE 43310
- Founded
- 17-06-2019
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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