FERMIMMO
ActiveSummary
FERMIMMO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €430,170 and a net result of -€24,955. Equity is shrinking by ~4.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability26▲+4
Solvency89=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 21.69 against 15.82 in 2023; short-term debt: 0.2% and cash: 0.6% of total assets), and 36.4% 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 · 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
63.6%
Return on assets
-3.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€24,955
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 17-03-2025, 136 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
136 d early
2023
160 d early
2022
70 d early
2021
30 d late
2020
3 d early
2019
107 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 74 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€430,170▼ 5.5%
2023 · €455,126
Total assets
€676,152▼ 5.3%
2023 · €714,002
Net result
-€24,955▲ 13.0%
2023 · -€28,677
Working capital
€26,669▼ 11.7%
2023 · €30,194
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
Operating result-€21,564▲ 8.1%-€18,956▲ 12.1%-€25,893▼ 36.6%-€24,820▲ 4.1%-€23,062▲ 7.1%
Net result-€27,164▲ 1.8%-€24,321▲ 10.5%-€32,477▼ 33.5%-€28,677▲ 11.7%-€24,955▲ 13.0%
Equity€540,001▲ 2.4%€516,280▼ 4.4%€483,803▼ 6.3%€455,126▼ 5.9%€430,170▼ 5.5%
Total assets€827,369▼ 4.2%€794,345▼ 4.0%€752,711▼ 5.2%€714,002▼ 5.1%€676,152▼ 5.3%
Debt€182,100▼ 2.2%€177,675▼ 2.4%€173,397▼ 2.4%€168,245▼ 3.0%€160,229▼ 4.8%
Working capital€41,289▲ 1.5%€44,782▲ 8.5%€36,665▼ 18.1%€30,194▼ 17.6%€26,669▼ 11.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,062 in 2024 against €24,820 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €676,152
Fixed assets
€648,193 ▼ 4.9%
Current assets
€27,958 ▼ 13.3%
Equity and liabilities €676,152
Equity
€430,170 ▼ 5.5%
Provisions
€85,752 ▼ 5.4%
Debt
€160,229 ▼ 4.8%
Debt's share of the balance-sheet total rises from 23.6% to 23.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10,514▲
2023 · €9,817
Cash flow
€8,621▲
2023 · €5,960
Current ratio
21.69▲
2023 · 15.82
Debt to equity
0.37▲
2023 · 0.37
ROE
-5.8%▲
2023 · -6.3%
ROA
-3.7%▲
2023 · -4.0%
Interest coverage
1.44▲
2023 · 1.03
Debt ≤ 1 year
€1,289▼
2023 · €2,037
Debt > 1 year
€150,000▼
2023 · €156,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,594 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,884 | €36,302 | €34,570 | €34,637 | €33,577 | ▼ 3.1% |
| Other operating charges640/8 | - | €4,216 | €3,939 | €3,760 | €4,053 | ▲ 7.8% |
| Non-recurring operating charges66A | - | - | - | - | €215 | - |
| Gross operating margin9900 | €19,511 | €21,562 | €12,616 | €13,578 | €14,783 | ▲ 8.9% |
| Operating profit (loss)9901 | -€21,564 | -€18,956 | -€25,893 | -€24,820 | -€23,062 | ▲ 7.1% |
| Financial income75/76B | - | €0 | €234 | €785 | €520 | ▼ 33.7% |
| Recurring financial income75 | €327 | €0 | €234 | €785 | €520 | ▼ 33.7% |
| Financial charges65/66B | - | €10,243 | €11,697 | €9,521 | €7,292 | ▼ 23.4% |
| Recurring financial charges65 | €10,708 | €10,243 | €11,697 | €9,521 | €7,292 | ▼ 23.4% |
| Profit (loss) for the period before taxes9903 | -€31,944 | -€29,199 | -€37,356 | -€33,556 | -€29,834 | ▲ 11.1% |
| Transfer from deferred taxes780 | - | €4,879 | €4,879 | €4,879 | €4,879 | = |
| Income taxes67/77 | €98 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | -€27,164 | -€24,321 | -€32,477 | -€28,677 | -€24,955 | ▲ 13.0% |
| Transfer from tax-exempt reserves789 | - | €14,637 | €14,637 | €14,637 | €14,637 | = |
| Profit (loss) for the period to be appropriated9905 | -€12,527 | -€9,684 | -€17,841 | -€14,040 | -€10,319 | ▲ 26.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €827,369 | €794,345 | €752,711 | €714,002 | €676,152 | ▼ 5.3% |
| Fixed assets21/28 | €785,239 | €748,938 | €714,368 | €681,770 | €648,193 | ▼ 4.9% |
| Tangible fixed assets22/27 | €785,239 | €748,938 | €714,368 | €681,770 | €648,193 | ▼ 4.9% |
| Land and buildings22 | - | €77,822 | €70,524 | €63,226 | €57,124 | ▼ 9.6% |
| Other tangible fixed assets26 | - | €671,116 | €643,844 | €618,545 | €591,069 | ▼ 4.4% |
| Current assets29/58 | €42,130 | €45,407 | €38,343 | €32,231 | €27,958 | ▼ 13.3% |
| Amounts receivable within one year40/41 | €0 | - | €3,370 | €235 | €156 | ▼ 33.7% |
| Trade receivables40 | - | - | €3,370 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €235 | €156 | ▼ 33.7% |
| Current investments50/53 | €31,028 | €31,028 | €29,213 | €29,213 | €23,438 | ▼ 19.8% |
| Cash at bank and in hand54/58 | €10,629 | €13,907 | €5,285 | €2,238 | €3,796 | ▲ 69.6% |
| Deferred charges and accrued income490/1 | - | €472 | €475 | €545 | €568 | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €827,369 | €794,345 | €752,711 | €714,002 | €676,152 | ▼ 5.3% |
| Equity10/15 | €540,001 | €516,280 | €483,803 | €455,126 | €430,170 | ▼ 5.5% |
| Contributions10/11 | €255,834 | €255,834 | €255,834 | €255,834 | €255,834 | = |
| Capital10 | - | €255,834 | €255,834 | €255,834 | €255,834 | = |
| Issued capital100 | - | €255,834 | €255,834 | €255,834 | €255,834 | = |
| Reserves13 | €341,387 | €326,751 | €312,114 | €297,477 | €282,840 | ▼ 4.9% |
| Non-distributable reserves130/1 | - | €25,583 | €25,583 | €25,583 | €25,583 | = |
| Legal reserve130 | - | €25,583 | €25,583 | €25,583 | €25,583 | = |
| Tax-exempt reserves132 | - | €301,167 | €286,530 | €271,894 | €257,257 | ▼ 5.4% |
| Profit (loss) carried forward14 | -€57,220 | -€66,304 | -€84,145 | -€98,185 | -€108,504 | ▼ 10.5% |
| Provisions and deferred taxes16 | €105,268 | €100,389 | €95,510 | €90,631 | €85,752 | ▼ 5.4% |
| Deferred taxes168 | - | €100,389 | €95,510 | €90,631 | €85,752 | ▼ 5.4% |
| Amounts payable17/49 | €182,100 | €177,675 | €173,397 | €168,245 | €160,229 | ▼ 4.8% |
| Amounts payable after more than one year17 | €171,000 | €167,000 | €162,000 | €156,000 | €150,000 | ▼ 3.8% |
| Other amounts payable178/9 | - | €167,000 | €162,000 | €156,000 | €150,000 | ▼ 3.8% |
| Amounts payable within one year42/48 | €840 | €625 | €1,677 | €2,037 | €1,289 | ▼ 36.7% |
| Trade debts44 | €218 | €98 | €532 | €585 | €299 | ▼ 48.9% |
| Suppliers440/4 | - | €98 | €532 | €585 | €299 | ▼ 48.9% |
| Other amounts payable47/48 | - | €527 | €1,146 | €1,453 | €990 | ▼ 31.8% |
| Accrued charges and deferred income492/3 | - | €10,050 | €9,720 | €10,207 | €8,940 | ▼ 12.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,164 | -€24,321 | -€32,477 | -€28,677 | -€24,955 | ▲ 13.0% |
| + Depreciation and write-downs630 | €36,884 | €36,302 | €34,570 | €34,637 | €33,577 | ▼ 3.1% |
| Operating cash flow (approximation) | €9,720 | €11,981 | €2,093 | €5,960 | €8,621 | ▲ 44.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,040 | €0 | ▲ 100% |
| Change in cash | - | €3,277 | -€8,621 | -€3,047 | €1,558 | ▲ 151% |
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
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€32,477
Net result drops to -€32,477, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-03
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 7 acts read
About the unread acts
We know of 7 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
7 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, Haaltert · 1 establishment unit since 1986
Ground area
1,742 m²
Building footprint
569 m²
Volume, LiDAR
3,184 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dreef(HA) 29, 9450 Haaltert
since 19862.036.513.812
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41024B0184/00G000 | Flanders | 927 m² | 1 · 317 m² | 7.6 m · 2 fl. |
| 41024B0149/00G002 | Flanders | 815 m² | 1 · 252 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600WP13TAMD2GPV18
Identification & contact
Identification
Legal formPublic limited company
Founded13-06-1986
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429168481
Registered
26-05-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.