Equity
€882,898 ▲ 0.8%
FERMOD paid out €80,000 in dividends. That is 92% of the 2025 profit.
FERMOD
Lifetime
19 annual accounts with figures on one time axis, 36 filings since 1990peak €679,330 (2022)
€124,313▼ 64.1%
peak €525,053 (2022)
€87,136▼ 66.1%
peak €882,898 (2025)
€882,898▲ 0.8%
€2.1m▲ 70.1%
Board6 names since 2019
5 directorsHAAS Pierre and 4 others
Owners
50%2PG GROUP
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Gross margin from €346,535 to €124,313Result from €257,331 to €87,136Dividend €80,000Debts from €1.2m to €2.1m
Key points
from the 2025 annual accountsResult
€87,136 ▼ 66.1%
The result fell in 2025: different schema filed.
Turnover
≈ €640,000 estimated
The accounts state no turnover.
Debts
€2.1m 70% of the balance sheet
Suppliers 89%Taxes and wages 1%Other 9%
Filings
36 annual accounts since 1990
The 2025 accounts came 31 days late. The other nine of the last ten were filed on time.
At the same address
6 companies
Checked score
85
Excellent
Financially stronger than 28% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.2 percentage points vs 06-2025
08-2025: 0.2%▼ -0.2 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -0.5 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.43, cash €3,737
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Founded in 1989
Size: total assets €3.0m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 35% of them on solvency, 10% on liquidity, 29% on profitability and 38% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as FERMOD has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of FERMOD itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for FERMOD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.43 (1.72 in 2024), below the usual 1.5. Short-term debt is 70.1% and cash 0.1% of total assets. 70.1% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
9 days early
2023
5 days early
2022
30 days early
2021
30 days early
2020
31 days early
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (3 of the last 3 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0437503553
4 directors appointed, 4 reappointments
Reappointments: VANROOCO, HAAS Pierre, VANDERBEKE Freddy and HAAS Xavier · Permanent representative: Vanderbeke Jan · Appointments: VANROOCO, HAAS Pierre, VANDERBEKE Freddy and HAAS Xavier · General meeting of 05-09-2023 · Gazette deed
Registered office moved from Kuurne to Kuume
New registered office: Pieter Verhaeghestraat 20, 8520 Kuume · Previous registered office: Sint-Katriensteenweg 29, 8520 Kuurne · Board meeting of 13-07-2020 · Gazette deed
Capital increase of €42,900 to €61,500
Capital from €18,600 to €61,500 · Changes of role: VANROOCO, HAAS Pierre and HAAS Xavier · Resignation: VANDERBEKE Jan (manager) · General meeting of 20-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FERMOD Kuurne | €3.0m | €124,313 | 29.9% | - |
| DE SMET Sint-Katelijne-Waver | €2.1m | €155,305 | 24.8% | 0 |
| POLYTEC Ixelles | €3.9m | €89,251 | 97.9% | 1 |
| Oostro - Pack Wevelgem | €1.8m | €153,104 | 59.0% | 0.6 |
| TOBACCO TRADING & SERVICES Sint-Niklaas | €3.9m | €160,081 | 12.3% | 0.6 |
| Farla Belgium Antwerp | €2.5m | €219,594 | 9.8% | - |
| EURO-CHARIOT Celles (lez-Tournai) | €2.2m | €153,277 | 88.2% | 0.2 |
These companies have the same main activity as FERMOD: wholesale of other machinery and equipment (NACE 46649). They are comparable in size and age: total assets between €1.8m and €3.9m, founded between 1989 and 1995.
Official details
Source: KBO- Status
- Active since 25-05-1989Normal situation
- Activity
- Wholesale of other machinery and equipmentNACE 46649and 3 others
- Establishment unit
- 2.043.661.7228520 Kuurne, since 09-06-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 24-09-2025
Insights on FERMOD
FERMOD has existed since 1989. The gross margin fell from €679,330 in 2022 to €124,313 in 2025.
The gross margin has fallen every year since 2022. Solvency fell in 2025 from 41.8% to 29.9% because of the dividend and higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FERMOD
- What is the company number of FERMOD?
- The company number of FERMOD is 0437.503.553. The VAT number is the same number with BE in front: BE 0437.503.553.
- Where is FERMOD based?
- The registered office is at Pieter Verhaeghestraat 20, 8520 Kuurne.Company details
- What does FERMOD do?
- According to the KBO register, the main activity is wholesale of other machinery and equipment (NACE 46649).
- What is the legal form of FERMOD?
- FERMOD is a public limited company (NV).
- When was FERMOD founded?
- FERMOD was founded on 25-05-1989.
- Is FERMOD still active?
- Yes, FERMOD is an active enterprise in the KBO register.
- What is the turnover of FERMOD?
- The turnover in financial year 2025 is ≈ €640,000. This figure is estimated from the gross margin of €124,313 and 102 comparable companies (NACE 46). It probably lies between €300,000 and €1.1m.Financials
- Is FERMOD profitable?
- In financial year 2025, FERMOD made a profit of €87,136.
- Where can I find the annual accounts of FERMOD?
- FERMOD filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FERMOD due?
- FERMOD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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