FERASER
ActiveSummary
FERASER has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.2m and a net result of €63,921. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 73% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73=
Solvency93▲+6
Growth35=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 3.21 against 2.66 in 2023; short-term debt: 11% and cash: 15.8% of total assets), and 31.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
68.1%
Return on assets
3.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
29 d late
2022
31 d late
2021
339 d late
2020
170 d late
2019
181 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 130 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#5 company by equity in Ittre, Wholesale and retail trade sector#6 company by total assets in Ittre, Wholesale and retail trade sector#9 oldest company in Ittre, Wholesale and retail trade sector
Turnover
€711,682▼ 19.6%
2019 · €884,980
EBIT margin
35.8%▲ 28.0pp
2019 · 7.8%
Net result
€63,921▼ 4.7%
2023 · €67,080
Working capital
€439,086▲ 6.6%
2023 · €411,822
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€711,682▼ 19.6%
Operating result€255,057▲ 269%€92,939▼ 63.6%€30,247▼ 67.5%€120,017▲ 297%€79,216▼ 34.0%
Net result€221,207▲ 542%€50,916▼ 77.0%€90,963▲ 78.7%€67,080▼ 26.3%€63,921▼ 4.7%
EBIT margin35.8%▲ 28.0pp
Equity€1.2m▲ 67.1%€1.2m▲ 4.3%€1.1m▼ 11.3%€1.2m▲ 6.1%€1.2m▲ 5.5%
Total assets€2.1m▲ 12.4%€2.2m▲ 4.4%€1.9m▼ 12.8%€1.9m▼ 0.7%€1.8m▼ 4.1%
Debt€892,523▼ 21.7%€933,740▲ 4.6%€796,546▼ 14.7%€716,237▼ 10.1%€574,920▼ 19.7%
Working capital€510,471€507,310▼ 0.6%€338,878▼ 33.2%€411,822▲ 21.5%€439,086▲ 6.6%
Staff (FTE)4.5
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.2m ▼ 4.5%
Current assets
€637,981 ▼ 3.4%
Equity and liabilities €1.8m
Equity
€1.2m ▲ 5.5%
Debt
€574,920 ▼ 19.7%
Debt's share of the balance-sheet total falls from 38.1% to 31.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€138,247▼
2023 · €184,469
Cash flow
€122,952▼
2023 · €131,532
Current ratio
3.21▲
2023 · 2.66
Quick ratio
2.89▲
2023 · 2.39
Debt to equity
0.47▼
2023 · 0.62
ROE
5.2%▼
2023 · 5.8%
ROA
3.6%▼
2023 · 3.6%
Interest coverage
9.19▲
2023 · 8.52
Debt ≤ 1 year
€198,895▼
2023 · €248,318
Debt > 1 year
€376,025▼
2023 · €467,919
Income taxes
€28,160▼
2023 · €31,298
Staff costs
€184,103▼
2023 · €240,760
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €711,682 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €277,846 | - | - | - |
| Remuneration, social security and pensions62 | - | €171,763 | €207,814 | €240,760 | €184,103 | ▼ 23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74,642 | €69,478 | €65,240 | €64,452 | €59,031 | ▼ 8.4% |
| Other operating charges640/8 | - | €1,481 | €5,935 | €7,490 | €8,217 | ▲ 9.7% |
| Non-recurring operating charges66A | - | - | €5,536 | - | - | - |
| Gross operating margin9900 | €465,032 | €335,661 | €314,772 | €432,719 | €330,567 | ▼ 23.6% |
| Operating profit (loss)9901 | €255,057 | €92,939 | €30,247 | €120,017 | €79,216 | ▼ 34.0% |
| Financial income75/76B | - | €7,142 | €4,517 | - | €27,905 | - |
| Recurring financial income75 | €2,267 | €7,142 | €4,517 | - | €27,905 | - |
| Non-recurring financial income76B | - | €7,142 | - | - | - | - |
| Financial charges65/66B | - | €30,740 | €30,526 | €21,639 | €15,040 | ▼ 30.5% |
| Recurring financial charges65 | €24,521 | €27,926 | €30,526 | €21,639 | €15,040 | ▼ 30.5% |
| Non-recurring financial charges66B | - | €2,814 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €232,803 | €69,340 | €4,238 | €98,378 | €92,081 | ▼ 6.4% |
| Transfer from deferred taxes780 | - | - | €194,156 | - | - | - |
| Income taxes67/77 | €11,596 | €18,424 | €107,430 | €31,298 | €28,160 | ▼ 10.0% |
| Profit (loss) for the period9904 | €221,207 | €50,916 | €90,963 | €67,080 | €63,921 | ▼ 4.7% |
| Transfer from tax-exempt reserves789 | - | €23,512 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €221,207 | €74,428 | €90,963 | €67,080 | €63,921 | ▼ 4.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.2m | €1.9m | €1.9m | €1.8m | ▼ 4.1% |
| Formation expenses20 | - | - | - | €31 | €31 | = |
| Fixed assets21/28 | €1.4m | €1.4m | €1.3m | €1.2m | €1.2m | ▼ 4.5% |
| Tangible fixed assets22/27 | €1.4m | €1.4m | €1.3m | €1.2m | €1.2m | ▼ 4.5% |
| Land and buildings22 | - | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 2.9% |
| Plant, machinery and equipment23 | - | €4,045 | €2,385 | - | €1,777 | - |
| Furniture and vehicles24 | - | €83,721 | €58,610 | €37,831 | €14,866 | ▼ 60.7% |
| Financial fixed assets28 | €485 | €485 | €485 | €485 | €485 | = |
| Current assets29/58 | €682,503 | €789,771 | €612,493 | €660,140 | €637,981 | ▼ 3.4% |
| Stocks and contracts in progress3 | €78,496 | €74,000 | €62,871 | €66,360 | €63,511 | ▼ 4.3% |
| Stocks30/36 | - | €74,000 | €62,871 | €66,360 | €63,511 | ▼ 4.3% |
| Amounts receivable within one year40/41 | €288,066 | €235,503 | €175,236 | €124,580 | €118,584 | ▼ 4.8% |
| Trade receivables40 | - | €222,719 | €169,659 | €124,580 | €110,021 | ▼ 11.7% |
| Other amounts receivable41 | - | €12,783 | €5,577 | - | €8,563 | - |
| Current investments50/53 | €247,231 | €277,079 | €175,890 | €215,960 | €171,580 | ▼ 20.6% |
| Cash at bank and in hand54/58 | €68,711 | €203,189 | €196,864 | €253,240 | €284,306 | ▲ 12.3% |
| Deferred charges and accrued income490/1 | - | - | €1,632 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.2m | €1.9m | €1.9m | €1.8m | ▼ 4.1% |
| Equity10/15 | €1.2m | €1.2m | €1.1m | €1.2m | €1.2m | ▲ 5.5% |
| Contributions10/11 | €252,900 | €252,900 | €252,900 | €252,900 | €252,900 | = |
| Capital10 | - | €252,900 | €252,900 | €252,900 | €252,900 | = |
| Issued capital100 | - | €252,900 | €252,900 | €252,900 | €252,900 | = |
| Reserves13 | €408,191 | €384,679 | €153,956 | €221,036 | €284,957 | ▲ 28.9% |
| Non-distributable reserves130/1 | - | €104,600 | €104,600 | €104,600 | €104,600 | = |
| Legal reserve130 | - | €104,600 | €104,600 | €104,600 | €104,600 | = |
| Tax-exempt reserves132 | - | €230,723 | - | - | - | - |
| Distributable reserves133 | - | €49,356 | €49,356 | €116,436 | €180,357 | ▲ 54.9% |
| Profit (loss) carried forward14 | €522,421 | €596,849 | €687,812 | €687,812 | €687,812 | = |
| Amounts payable17/49 | €892,523 | €933,740 | €796,546 | €716,237 | €574,920 | ▼ 19.7% |
| Amounts payable after more than one year17 | €720,491 | €651,279 | €521,470 | €467,919 | €376,025 | ▼ 19.6% |
| Financial debts170/4 | - | €651,279 | €521,470 | €467,919 | €376,025 | ▼ 19.6% |
| Amounts payable within one year42/48 | €172,032 | €282,461 | €273,615 | €248,318 | €198,895 | ▼ 19.9% |
| Current portion of amounts payable after more than one year42 | - | €39,636 | €96,363 | €91,495 | €95,564 | ▲ 4.4% |
| Financial debts43 | - | €6,309 | €1,875 | - | - | - |
| Credit institutions430/8 | - | €6,309 | €1,875 | - | - | - |
| Trade debts44 | €52,415 | €162,008 | €53,778 | €23,416 | €9,750 | ▼ 58.4% |
| Suppliers440/4 | - | €162,008 | €53,778 | €23,416 | €9,750 | ▼ 58.4% |
| Taxes, remuneration and social security45 | - | €27,717 | €52,448 | €52,594 | €23,001 | ▼ 56.3% |
| Taxes450/3 | - | €12,000 | €14,990 | €26,298 | €6,392 | ▼ 75.7% |
| Remuneration and social security454/9 | - | €15,717 | €37,458 | €26,296 | €16,609 | ▼ 36.8% |
| Other amounts payable47/48 | - | €46,792 | €69,150 | €80,813 | €70,580 | ▼ 12.7% |
| Accrued charges and deferred income492/3 | - | - | €1,462 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €221,207 | €50,916 | €90,963 | €67,080 | €63,921 | ▼ 4.7% |
| + Depreciation and write-downs630 | €74,642 | €69,478 | €65,240 | €64,452 | €59,031 | ▼ 8.4% |
| Operating cash flow (approximation) | €295,849 | €120,395 | €156,203 | €131,532 | €122,952 | ▼ 6.5% |
| Investment in fixed assets (approximation) | - | -€54,344 | €34,437 | -€3,545 | -€3,794 | ▼ 7.0% |
| Change in cash | - | €134,478 | -€6,324 | €56,376 | €31,066 | ▼ 44.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 339 days late
2022
17-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 170 days late
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 181 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 3.97
Current ratio from 0.91 to 3.97; short-term debt falls from €418,850 to €172,032.
31-12
Financial
Equity above €1mEq €1.2m ▲67.1%
3 profitable years in a row build equity to €1.2m.
2019
31-12
Financial
Weakest financial yearnet €34,451 ▼88%
Net result drops to €34,451, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
2016
21-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ittre · 1 establishment unit since 1984
Ground area
2,910 m²
Building footprint
317 m²
Volume, LiDAR
2,354 m³
Parcel 25044A0133/00A000, Wallonia · tallest building 15.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FERASER
since 19842.026.439.074
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25044A0133/00A000 | Wallonia | 2,910 m² | 1 · 317 m² | 15.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 805 companies in sector 46610 we hold annual accounts for 566. 451 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-12-1984
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
46610Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.