FERCEN
ActiveFERCEN has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61k and a net result of €615. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 18938 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
81
/ 100
Excellent▼ -13 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability5▼-70
Solvency95▲+29
Growth78=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 1.59 in 2023), and 50% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
50%
Return on assets
0.5%
Age of the figures
20 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 24-09-2025, 55 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
55 d late
2023
20 d early
2022
156 d late
2021
6 d early
2020
79 d late
2019
18 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€61k▲ 1.0%
2023 · €61k
2018: €12k
2019: €23k
2020: €52k
2021: €60k
2022: €52k
2023: €61k
2018 → 2024
Total assets
€123k▼ 30.8%
2023 · €177k
2018: €42k
2019: €51k
2020: €113k
2021: €144k
2022: €141k
2023: €177k
2018 → 2024
Net result
€615▼ 93.2%
2023 · €9k
2018: €438
2019: €11k
2020: €29k
2021: €9k
2022: €-9k
2023: €9k
2018 → 2024
Working capital
€53k▼ 6.3%
2023 · €57k
2018: €-1k
2019: €13k
2020: €44k
2021: €45k
2022: €56k
2023: €57k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€52k-€60k▲ 16.9%€52k▼ 14.2%€61k▲ 17.5%€61k▲ 1.0%
Operating result€38k-€22k▼ 41.1%€-3k€16k€4k▼ 77.6%
Net result€29k-€9k▼ 70.1%€-9k€9k€615▼ 93.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 78% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €123k
Fixed assets
€17k▼ 29.7%
Current assets
€106k▼ 31.0%
Equity and liabilities €123k
Equity
€61k▲ 1.0%
Debt
€61k▼ 47.4%
The debt ratio falls from 65.8% to 50.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€7k▼
2023 · €20k
Cash flow
€4k▼
2023 · €12k
Solvency
50.0%▲
2023 · 34.2%
Current ratio
2.01▲
2023 · 1.59
Quick ratio
2.01▲
2023 · 1.59
Debt / equity
1.00▼
2023 · 1.92
ROE
1.0%▼
2023 · 14.9%
ROA
0.5%▼
2023 · 5.1%
Interest coverage
2.41▼
2023 · 7.12
Debt
€61k▼
2023 · €117k
Debt ≤ 1 year
€53k▼
2023 · €97k
Debt > 1 year
€9k▼
2023 · €20k
Income taxes
€288▼
2023 · €5k
Staff costs
€2k▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€177k€123k▼
Fixed assets21/28€24k€17k▼
Intangible fixed assets21€1k€900▼
Tangible fixed assets22/27€23k€16k▼
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€4k-
Other tangible fixed assets26€12k€10k▼
Current assets29/58€153k€106k▼
Amounts receivable within one year40/41€54k€41k▼
Trade receivables40€31k€32k▲
Other amounts receivable41€23k€9k▼
Cash at bank and in hand54/58€99k€65k▼
Equity and liabilities
Total equity and liabilities10/49€177k€123k▼
Equity10/15€61k€61k▲
Contributions10/11€19k€19k=
Reserves13€4k€4k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€38k€38k▲
Amounts payable17/49€117k€61k▼
Amounts payable after more than one year17€20k€9k▼
Financial debts170/4€20k€9k▼
Amounts payable within one year42/48€97k€53k▼
Current portion of amounts payable after more than one year42€13k€17k▲
Trade debts44€59k€15k▼
Suppliers440/4€59k€15k▼
Advances received on contracts in progress46€3k€3k=
Taxes, remuneration and social security45€21k€18k▼
Taxes450/3€17k€15k▼
Remuneration and social security454/9€5k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€2k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€2k€417▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€24k€10k▼
Operating profit (loss)9901€16k€4k▼
Financial income75/76B€694-
Recurring financial income75€694-
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€14k€903▼
Income taxes67/77€5k€288▼
Profit (loss) for the period9904€9k€615▼
Profit (loss) for the period to be appropriated9905€9k€615▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€38k▲
Profit (loss) brought forward from the previous period14P€29k€38k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 156 days late
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet €-9k ▼200%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 79 days late
2020
31-12
Financial
Highest result since 2018net €29k ▲155%
Operating result €38k, net result €29k, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-05
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.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-01-2024
BEGDAS Alper: Resigned as Manager
05-08-2013
BEGDAS Alper: Resigned as Manager
05-08-2013
Pagac Aziz: Resigned as Manager
16-11-2009
Feryat Yanikoglu: Resigned as Manager
23-07-2004
YUCEL Cengiz: Resigned as Manager
Location & real-estate footprint
Registered office, Temse · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Cauwerburg 1059140 TemseGround area
249 m²
Building footprint
183 m²
Volume, LiDAR
927 m³
2 parcels, Flanders · tallest building 15.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PIZZA HOT
since 20042.136.953.154
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B1091/00B003indicative | Flanders | 145 m² | 1 · 45 m² | - |
| 42452B0240/00F000 | Flanders | 104 m² | 1 · 138 m² | 15.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 21,633 companies in sector 56112 we hold annual accounts for 9,660. 8,183 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-04-2004
Fiscal year end31-12
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.