FERMET
ActiveSummary
The computed 12-month bankruptcy probability of FERMET is 4.0% (moderate). The 2024 annual accounts show equity of €29k and a net result of €66k. Equity is growing by ~71.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 2937 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+4
Solvency31▲+15
Growth78=
Track record94
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.43 in 2023; short-term debt: 85.6% and cash: 45.3% of total assets), and 93.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
6.2%
Return on assets
14%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2937 sector peers (2024).
NBB · sector comparisonPosition among 2937 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-03-2025, 129 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
129 d early
2023
133 d early
2022
124 d early
2021
87 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€29k
2023 · €-36k
2021: €-98klowest in 4 years
2022: €-71k▲ +27.3% vs 2021
2023: €-36k▲ +49.0% vs 2022
2024: €29k▲ +180% vs 2023highest in 4 years
2021 → 2024
Total assets
€467k▲ 17.1%
2023 · €398k
2021: €353klowest in 4 years
2022: €432k▲ +22.4% vs 2021
2023: €398k▼ -7.8% vs 2022
2024: €467k▲ +17.1% vs 2023highest in 4 years
2021 → 2024
Net result
€66k▲ 87.4%
2023 · €35k
2021: €-111klowest in 4 years
2022: €27k▲ +124% vs 2021
2023: €35k▲ +30.5% vs 2022
2024: €66k▲ +87.4% vs 2023highest in 4 years
2021 → 2024
Working capital
€-147k▲ 39.8%
2023 · €-244k
2021: €-355klowest in 4 years
2022: €-309k▲ +12.9% vs 2021
2023: €-244k▲ +21.1% vs 2022
2024: €-147k▲ +39.8% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€-98k-€-71k▲ 27.3%€-36k▲ 49.0%€29k
2021: €-98klowest in 4 years
2022: €-71k▲ +27.3% vs 2021
2023: €-36k▲ +49.0% vs 2022
2024: €29k▲ +180% vs 2023highest in 4 years
Operating result€-104k-€34k€44k▲ 31.6%€88k▲ 98.4%
2021: €-104klowest in 4 years
2022: €34k▲ +132% vs 2021
2023: €44k▲ +31.6% vs 2022
2024: €88k▲ +98.4% vs 2023highest in 4 years
Net result€-111k-€27k€35k▲ 30.5%€66k▲ 87.4%
2021: €-111klowest in 4 years
2022: €27k▲ +124% vs 2021
2023: €35k▲ +30.5% vs 2022
2024: €66k▲ +87.4% vs 2023highest in 4 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 98% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €467k
Fixed assets
€214k ▼ 0.9%
Current assets
€253k ▲ 38.6%
Equity and liabilities €467k
Equity
€29k
Debt
€438k
Debt finances 93.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€126k▲
2023 · €79k
Cash flow
€103k▲
2023 · €70k
Current ratio
0.63▲
2023 · 0.43
Quick ratio
0.58▲
2023 · 0.38
Debt to equity
15.04▲
2023 · -11.93
ROE
225.3%
ROA
14.0%▲
2023 · 8.8%
Interest coverage
5.67▼
2023 · 8.69
Debt ≤ 1 year
€399k▼
2023 · €426k
Income taxes
€417▲
2023 · €347
Staff costs
€592k▲
2023 · €537k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€398k€467k▲
Fixed assets21/28€216k€214k▼
Tangible fixed assets22/27€215k€213k▼
Plant, machinery and equipment23€19k€14k▼
Furniture and vehicles24€12k€9k▼
Other tangible fixed assets26€184k€190k▲
Financial fixed assets28€664€664=
Current assets29/58€182k€253k▲
Stocks and contracts in progress3€22k€22k▲
Stocks30/36€22k€22k▲
Amounts receivable within one year40/41€87k€10k▼
Trade receivables40€87k€10k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€70k€211k▲
Deferred charges and accrued income490/1€4k€9k▲
Equity and liabilities
Total equity and liabilities10/49€398k€467k▲
Equity10/15€-36k€29k▲
Contributions10/11€12k€12k=
Reserves13€1k€16k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133-€15k
Profit (loss) carried forward14€-50k€338▲
Amounts payable17/49€435k€438k▲
Amounts payable within one year42/48€426k€399k▼
Trade debts44€15k€61k▲
Suppliers440/4€15k€61k▲
Taxes, remuneration and social security45€20k€36k▲
Taxes450/3€9k€9k▼
Remuneration and social security454/9€11k€28k▲
Other amounts payable47/48€390k€302k▼
Accrued charges and deferred income492/3€9k€38k▲
Income statement
Code20232024
Remuneration, social security and pensions62€537k€592k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€38k▲
Other operating charges640/8€286€871▲
Non-recurring operating charges66A-€23
Gross operating margin9900€616k€719k▲
Operating profit (loss)9901€44k€88k▲
Financial income75/76B€11€0▼
Recurring financial income75€11€0▼
Financial charges65/66B€9k€22k▲
Recurring financial charges65€9k€22k▲
Profit (loss) for the period before taxes9903€35k€66k▲
Income taxes67/77€347€417▲
Profit (loss) for the period9904€35k€66k▲
Profit (loss) for the period to be appropriated9905€35k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-50k€15k▲
Profit (loss) brought forward from the previous period14P€-85k€-50k▲
Transfer to equity691/2-€15k
To other reserves6921-€15k
Social balance
Average headcount (FTE)908711.412.2▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €1k | €0 | - | - | - |
| Remuneration, social security and pensions62 | €255k | €415k | €537k | €592k | ▲ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €30k | €35k | €38k | ▲ 8.3% |
| Other operating charges640/8 | €1k | €2k | €286 | €871 | ▲ 205% |
| Non-recurring operating charges66A | - | - | - | €23 | - |
| Gross operating margin9900 | €169k | €481k | €616k | €719k | ▲ 16.6% |
| Operating profit (loss)9901 | €-104k | €34k | €44k | €88k | ▲ 98.4% |
| Financial income75/76B | €137 | €12 | €11 | €0 | ▼ 100% |
| Recurring financial income75 | €137 | €12 | €11 | €0 | ▼ 100% |
| Financial charges65/66B | €7k | €7k | €9k | €22k | ▲ 143% |
| Recurring financial charges65 | €3k | €7k | €9k | €22k | ▲ 143% |
| Non-recurring financial charges66B | €4k | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €-111k | €27k | €35k | €66k | ▲ 86.8% |
| Income taxes67/77 | €117 | €304 | €347 | €417 | ▲ 20.0% |
| Profit (loss) for the period9904 | €-111k | €27k | €35k | €66k | ▲ 87.4% |
| Profit (loss) for the period to be appropriated9905 | €-111k | €27k | €35k | €66k | ▲ 87.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €353k | €432k | €398k | €467k | ▲ 17.1% |
| Fixed assets21/28 | €259k | €245k | €216k | €214k | ▼ 0.9% |
| Tangible fixed assets22/27 | €258k | €245k | €215k | €213k | ▼ 1.0% |
| Plant, machinery and equipment23 | €24k | €22k | €19k | €14k | ▼ 26.5% |
| Furniture and vehicles24 | €19k | €17k | €12k | €9k | ▼ 24.8% |
| Other tangible fixed assets26 | €215k | €206k | €184k | €190k | ▲ 3.2% |
| Financial fixed assets28 | €664 | €664 | €664 | €664 | = |
| Current assets29/58 | €94k | €187k | €182k | €253k | ▲ 38.6% |
| Stocks and contracts in progress3 | €17k | €21k | €22k | €22k | ▲ 1.2% |
| Stocks30/36 | €17k | €21k | €22k | €22k | ▲ 1.2% |
| Amounts receivable within one year40/41 | €52k | €84k | €87k | €10k | ▼ 88.6% |
| Trade receivables40 | €4k | €83k | €87k | €10k | ▼ 88.6% |
| Other amounts receivable41 | €48k | €180 | €0 | - | - |
| Cash at bank and in hand54/58 | €25k | €76k | €70k | €211k | ▲ 204% |
| Deferred charges and accrued income490/1 | €226 | €5k | €4k | €9k | ▲ 119% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €353k | €432k | €398k | €467k | ▲ 17.1% |
| Equity10/15 | €-98k | €-71k | €-36k | €29k | ▲ 180% |
| Contributions10/11 | €12k | €12k | €12k | €12k | = |
| Reserves13 | €1k | €1k | €1k | €16k | ▲ 1,200% |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | - | - | €15k | - |
| Profit (loss) carried forward14 | €-112k | €-85k | €-50k | €338 | ▲ 101% |
| Amounts payable17/49 | €451k | €504k | €435k | €438k | ▲ 0.6% |
| Amounts payable within one year42/48 | €449k | €496k | €426k | €399k | ▼ 6.3% |
| Trade debts44 | €35k | €61k | €15k | €61k | ▲ 299% |
| Suppliers440/4 | €35k | €61k | €15k | €61k | ▲ 299% |
| Taxes, remuneration and social security45 | €117 | €30k | €20k | €36k | ▲ 78.6% |
| Taxes450/3 | €117 | €10k | €9k | €9k | ▼ 1.0% |
| Remuneration and social security454/9 | - | €20k | €11k | €28k | ▲ 140% |
| Other amounts payable47/48 | €414k | €404k | €390k | €302k | ▼ 22.6% |
| Accrued charges and deferred income492/3 | €2k | €8k | €9k | €38k | ▲ 336% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-111k | €27k | €35k | €66k | ▲ 87.4% |
| + Depreciation and write-downs630 | €17k | €30k | €35k | €38k | ▲ 8.3% |
| Operating cash flow (approximation) | €-95k | €57k | €70k | €103k | ▲ 47.8% |
| Investment in fixed assets (approximation) | - | €-17k | €-6k | €-36k | ▼ 531% |
| Change in cash | - | €51k | €-7k | €142k | ▲ 2,153% |
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
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €66k ▲87.4%
Operating result €88k, net result €66k, both a record.
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zandhoven · 1 establishment unit since 2021
Ground area
1,513 m²
Building footprint
367 m²
Volume, LiDAR
1,840 m³
Parcel 11027A0248/00D000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FERMET
since 20212.311.584.630
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11027A0248/00D000 | Flanders | 1,513 m² | 1 · 367 m² | 7.5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteZandhoven2.311.584.630
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,426 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.