FERMOD

Active Public limited companyfounded 1989active for 37 yearsPieter Verhaeghestraat 20, 8520 KuurneKBO/BCE: BE 0437.503.553

FERMOD

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Overview

Lifetime

19 annual accounts with figures on one time axis, 36 filings since 1990

Compare with

peak €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 accounts

Equity

€882,898 ▲ 0.8%

FERMOD paid out €80,000 in dividends. That is 92% of the 2025 profit.

Result

€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

Linum Charity seat since 13-07-2020
GROEP VANDERBEKE seat since 01-01-2016
Prihoda seat since 29-01-1993

Checked score

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 strength

Weak

55-12equity 29.9% of total assets

13-7short-term debt 70.1% · cash 0.1%

45-23return on assets 2.9%

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

Small
20 years or older
solvency 10 to 30%
a profit under 5% of the balance sheet

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

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

Liquidity: current ratio 1.43, cash €3,737

NBB · annual accounts

Founded in 1989

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

Last filed accounts filed 31 days late; 1 of the last 3 accounts late

NBB · filings

Size: total assets €3.0m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

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 filings

Deviation 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)

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 months

Where today falls in the filing period

10-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

VANROOCO

Managing director, Vanderbeke Jan

Managing director

Managing director

Managing director

Director, since 05-09-2023

2PG GROUP 50%score 79equity €10.9m (2025) · 2025 annual accounts of 2PG GROUP

Board & ownership

Recent changes

24-09-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0437503553

20-09-2023

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

28-08-2020

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

23-07-2019

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

All 44 events

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

Company details

Annual accounts 2025

: €124,313▼ 64.1%
: €87,136▼ 66.1%
: €882,898▲ 0.8%
: €3.0m▲ 41.1%
Filing: Filed on 31-08-2026

Financials

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.

Financials

Annual accounts 2025

full format, filed on 31-08-2026, 31 days late

€124,313

▼ 64.1%

€118,209

▼ 65.2%

29.9%

▼ 11.9 percentage points

1.43

▼ 0.29

The turnover shown is an estimate from the gross margin.

Turnover ≈ €640,000. Estimated: probably between €300,000 and €1.1m.

Money flows

no detail for 2025

Balance sheet

balance sheet total €3.0m on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

29.9%

Higher than 33% of 6,192 companies in 2025.

1.43

Higher than 36% of 6,112 companies in 2025.

2.9%

Higher than 47% of 6,176 companies in 2025.

FERMOD Middle half of the sector 80% of the sector Full accounts in wholesale trade (NACE 46)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	3.0m	2.1m	2.3m	2.5m	2.5m	2.6m	3.3m	2.6m	2.4m	2.3m	1.9m	1.6m	1.5m	680,484	730,786	562,582	665,020	509,697	579,336
`21/28`	-	-	-	-	-	-	-	-	-	101	306	511	852	-	-	-	-	-	60
`22/27`	-	-	-	-	-	-	-	-	-	101	306	511	852	-	-	-	-	-	60
`26`	-	-	-	-	-	-	-	-	-	101	306	511	852	-	-	-	-	-	60
`29/58`	3.0m	2.1m	2.3m	2.5m	2.5m	2.6m	3.3m	2.6m	2.4m	2.3m	1.9m	1.6m	1.5m	680,484	730,786	562,582	665,020	509,697	579,276
`3`	1.6m	1.0m	1.4m	1.3m	1.4m	1.6m	1.8m	1.6m	1.4m	1.4m	1.0m	998,811	923,984	421,415	428,338	310,258	353,699	254,771	260,249
`30/36`	1.6m	1.0m	1.4m	1.3m	1.4m	1.6m	1.8m	1.6m	1.4m	1.4m	1.0m	998,811	923,984	421,415	428,338	310,258	353,699	254,771	260,249
`34`	-	-	-	-	-	-	-	-	-	-	-	-	923,984	-	-	-	-	-	-
`40/41`	1.4m	1.0m	922,547	1.0m	956,166	833,037	1.3m	903,693	804,324	755,148	781,114	614,777	532,355	258,034	300,190	251,313	304,011	252,489	314,075
`40`	1.3m	466,643	559,658	1.0m	956,166	828,107	1.2m	903,693	804,324	740,610	781,114	614,765	531,097	254,786	300,190	251,033	295,011	236,726	280,010
`41`	39,176	578,034	362,889	-	0	4,929	56,620	-	-	14,538	-	12	1,258	3,248	-	280	9,000	15,763	34,065
`54/58`	3,737	0	1,784	-	-	0	48	4,651	5	77	40	12	-	-	79	79	1,604	1,578	934
`490/1`	0	1,650	5,811	136,746	143,676	139,445	124,176	119,821	112,423	108,616	88,425	1,232	1,453	1,035	2,179	932	5,706	859	4,017
Balance sheet: equity and liabilities
`10/49`	3.0m	2.1m	2.3m	2.5m	2.5m	2.6m	3.3m	2.6m	2.4m	2.3m	1.9m	1.6m	1.5m	680,484	730,786	562,582	665,020	509,697	579,336
`10/15`	882,898	875,763	843,431	806,532	781,478	674,208	640,790	591,614	525,157	458,457	375,785	336,126	312,321	308,082	305,393	303,447	297,730	293,772	265,227
`10/11`	61,500	61,500	61,500	61,500	61,500	61,500	61,500	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`10`	61,500	61,500	61,500	61,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	61,500	61,500	61,500	61,500	61,500	61,500	61,500	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`13`	821,398	814,263	781,931	745,032	719,978	612,708	579,290	573,014	506,557	439,857	357,185	317,526	293,721	289,482	286,793	284,847	279,130	275,172	246,627
`130/1`	6,150	6,150	6,150	6,150	6,150	6,150	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	6,150	6,150	6,150	6,150	6,150	6,150	6,150	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`133`	815,248	808,113	775,781	738,882	713,828	606,558	573,140	571,154	504,697	437,997	355,325	315,666	291,861	287,622	284,933	282,987	277,270	273,312	244,767
`14`	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	2.1m	1.2m	1.5m	1.6m	1.7m	1.9m	2.6m	2.0m	1.8m	1.8m	1.5m	1.3m	1.1m	372,402	425,393	259,135	367,290	215,925	314,108
`42/48`	2.1m	1.2m	1.5m	1.6m	1.7m	1.9m	2.6m	2.0m	1.8m	1.8m	1.5m	1.3m	1.1m	372,361	423,654	257,797	366,299	215,890	313,630
`43`	-	0	8,459	17,518	0	16,695	66,712	40,000	-	-	-	-	-	-	-	-	-	-	-
`430/8`	-	0	8,459	17,518	0	16,695	66,712	40,000	-	-	-	-	-	-	-	-	-	-	-
`44`	1.8m	957,302	1.1m	631,993	882,366	639,993	1.4m	1.6m	355,597	477,524	561,727	417,074	1.0m	102,952	193,291	87,854	172,500	62,266	78,578
`440/4`	1.8m	957,302	1.1m	631,993	882,366	639,993	1.4m	1.6m	355,597	477,524	561,727	417,074	1.0m	102,952	193,291	87,854	172,500	62,266	78,578
`46`	112,721	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`45`	30,535	36,640	29,448	53,211	20,566	57,355	13	3,482	4,689	87,143	28,753	26,549	6,603	22,318	27,696	24,184	28,404	34,934	22,644
`450/3`	30,535	36,640	29,448	53,211	20,566	57,355	13	3,482	4,689	87,143	28,753	26,549	6,603	22,318	27,696	24,184	28,404	34,934	21,668
`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	975
`47/48`	80,000	225,000	331,500	945,817	798,084	1.2m	1.2m	371,276	1.5m	1.2m	918,498	835,594	122,392	247,091	202,667	145,759	165,395	118,690	212,409
`492/3`	-	-	-	-	-	-	-	25	-	-	-	-	1,700	41	1,739	1,338	991	35	478
Income statement
`70/76A`	-	-	-	-	-	-	-	-	-	-	-	-	3.8m	-	-	-	-	-	-
`70`	-	-	-	-	-	-	-	-	-	-	-	-	3.7m	-	-	-	-	-	-
`9900`	124,313	346,535	470,506	679,330	341,573	261,263	247,473	418,563	428,462	416,319	338,723	217,128	-	85,255	102,651	112,615	93,736	112,703	109,979
`60/66A`	-	-	-	-	-	-	-	-	-	-	-	-	3.7m	-	-	-	-	-	-
`60`	-	-	-	-	-	-	-	-	-	-	-	-	2.8m	-	-	-	-	-	-
`600/8`	-	-	-	-	-	-	-	-	-	-	-	-	3.3m	-	-	-	-	-	-
`609`	-	-	-	-	-	-	-	-	-	-	-	-	-502,569	-	-	-	-	-	-
`61`	-	-	-	-	-	-	-	-	-	-	-	-	867,711	-	-	-	-	-	-
`630`	-	-	-	-	-	-	-	-	101	205	205	341	173	-	-	-	-	60	269
`631/4`	2,095	5,505	-25,573	9,991	-19,686	-11,270	-	-	-	-	-	-	-	-	-	-	-	-17,907	17,907
`640/8`	4,010	1,094	19,108	982	1,079	4,114	2,849	4,143	4,022	4,230	4,858	6,201	2,417	2,112	5,033	556	577	1,051	1,315
`9901`	118,209	339,936	476,971	668,357	360,180	268,419	244,624	414,419	424,339	411,884	333,660	210,586	96,834	83,143	97,618	112,059	93,159	129,500	90,488
`75/76B`	14,038	21,324	38,181	5,626	6,529	4,883	4,099	1,702	844	1,426	958	4,835	5,463	13,589	10,499	1,125	12,256	5,837	5,478
`75`	14,038	21,324	38,181	5,626	6,529	4,883	4,099	1,702	844	1,426	958	4,835	5,463	13,589	10,499	1,125	12,256	5,837	5,478
`751`	-	-	-	-	-	-	-	-	-	-	-	-	2,558	-	-	-	-	-	-
`752/9`	-	-	-	-	-	-	-	-	-	-	-	-	2,905	-	-	-	-	-	-
`65/66B`	14,401	17,548	23,952	26,838	48,677	92,541	65,806	51,182	58,794	37,624	37,944	40,648	24,316	22,292	15,666	15,376	11,160	11,593	18,766
`65`	14,401	17,548	23,952	26,838	48,677	92,541	65,806	51,182	58,794	37,624	37,944	40,648	24,316	22,292	15,666	15,376	11,160	11,593	18,766
`650`	-	-	-	-	-	-	-	-	-	-	-	-	7,398	-	-	-	-	-	-
`652/9`	-	-	-	-	-	-	-	-	-	-	-	-	16,918	-	-	-	-	-	-
`9903`	117,846	343,713	491,200	647,145	318,031	180,760	182,916	364,939	366,389	375,685	296,673	174,773	77,981	74,440	92,451	97,808	94,255	123,744	77,200
`67/77`	30,710	86,381	122,800	122,092	120,761	57,342	43,740	123,482	124,689	126,513	97,263	55,968	23,742	21,752	27,505	29,091	27,297	38,199	22,698
`670/3`	-	-	-	-	-	-	-	-	-	-	-	-	23,742	-	-	-	-	-	-
`9904`	87,136	257,331	368,400	525,053	197,270	123,418	139,176	241,457	241,700	249,172	199,410	118,805	54,239	52,688	64,946	68,717	66,958	85,545	54,502
`9905`	87,136	257,331	368,400	525,053	197,270	123,418	139,176	241,457	241,700	249,172	199,410	118,805	54,239	52,688	64,946	68,717	66,958	85,545	54,502
Appropriation of the result
`9906`	87,136	257,331	368,400	525,053	197,270	123,418	139,176	241,457	241,700	249,172	199,410	118,805	54,239	52,688	64,946	68,717	66,958	85,545	54,502
`691/2`	7,136	32,331	36,900	25,053	107,270	33,418	49,176	66,457	66,700	82,672	39,660	23,805	4,239	2,688	1,946	5,717	3,958	28,545	502
`6920`	-	-	-	-	-	0	4,290	-	-	-	-	-	-	-	-	-	-	-	-
`6921`	7,136	32,331	36,900	25,053	107,270	33,418	44,886	66,457	66,700	82,672	39,660	23,805	4,239	2,688	1,946	5,717	3,958	28,545	502
`694/7`	80,000	225,000	331,500	500,000	90,000	90,000	90,000	175,000	175,000	166,500	159,750	95,000	50,000	50,000	63,000	63,000	63,000	57,000	54,000
`694`	80,000	225,000	331,500	500,000	90,000	90,000	90,000	175,000	175,000	166,500	159,750	95,000	50,000	50,000	63,000	63,000	63,000	57,000	54,000
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 17 older financial years (1990-2006) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00498271.

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	31-08-2026	2026-00498271	PDF
31-12-2024	abbreviated format	22-07-2025	2025-00299085	PDF
31-12-2023	abbreviated format	26-07-2024	2024-00297306	PDF
30-09-2022	abbreviated format	31-03-2023	2023-00052452	PDF
30-09-2021	abbreviated format	31-03-2022	2022-09600393	PDF
30-09-2020	abbreviated format	30-03-2021	2021-08900556	PDF
30-09-2019	abbreviated format	02-04-2020	2020-08400171	PDF
30-09-2018	abbreviated format	02-04-2019	2019-09000266	PDF
30-09-2017	abbreviated format	28-03-2018	2018-08200430	PDF
30-09-2016	abbreviated format	31-03-2017	2017-08400425	PDF
30-09-2015	abbreviated format	25-08-2016	2016-47400447	PDF
30-09-2014	abbreviated format	18-03-2015	2015-06600342	PDF
30-09-2013	full format	04-03-2014	2014-05900547	PDF
30-09-2012	abbreviated format	18-03-2013	2013-06600148	PDF
30-09-2011	abbreviated format	16-03-2012	2012-06400274	PDF
30-09-2010	abbreviated format	15-03-2011	2011-05900236	PDF
30-09-2009	abbreviated format	22-03-2010	2010-07200072	PDF
30-09-2008	abbreviated format	13-03-2009	2009-07700023	PDF
30-09-2007	abbreviated format	17-03-2008	2008-07300169	PDF
30-09-2006	abbreviated format	15-03-2007	2007-07601242	PDF
30-09-2005	abbreviated format	09-03-2006	2006-06703979	PDF
30-09-2004	abbreviated format	16-03-2005	2005-07704040	PDF
30-09-2003	abbreviated format	11-03-2004	2004-07004710	PDF
30-09-2002	abbreviated format	30-04-2003	2003-12503925	PDF
30-09-2001	abbreviated format	21-03-2002	2002-07300439	PDF
30-09-2000	abbreviated format	19-03-2001	2001-06803516	PDF
30-09-1999	abbreviated format	05-04-2000	2000-09000739	PDF
30-09-1998	abbreviated format	31-03-1999	1999-06800333	PDF
30-09-1997	abbreviated format	23-03-1998	1998-05002586	PDF
30-09-1996	abbreviated format	24-03-1997	1997-04100087	PDF
30-09-1995	abbreviated format	22-02-1996	1996-03000580	PDF
30-09-1994	abbreviated format	28-04-1995	1995-06701670	PDF
30-09-1993	abbreviated format	09-03-1994	1994-03602657	PDF
30-09-1992	abbreviated format	12-03-1993	1993-03502223	PDF
30-09-1991	abbreviated format	23-03-1992	1992-03103047	PDF
30-09-1990	abbreviated format	11-03-1991	1991-02501640	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
-	-	-	-	-	-	-	-	424,440	412,089	333,865	210,927	97,007	-	-	-	-	129,560	90,757
-	-	-	-	-	-	-	-	241,801	249,377	199,615	119,146	54,412	-	-	-	-	85,605	54,771
-	-	-	-	-	0	-	-	0	0	-0	0	1,025	-	-	-	-	0	-
3,737	-1,784	-	-	-	-48	-4,603	4,646	-71	37	28	-	-	-	0	-1,525	26	644	-
882,898	875,763	843,431	806,532	781,478	674,208	640,790	591,639	525,157	458,356	375,479	335,615	313,169	308,123	307,132	304,785	298,721	293,806	265,646
-	-	-	-	-	-	-	-	-	-	-	-	2.6%	-	-	-	-	-	-
29.9%	41.8%	36.6%	32.9%	31.5%	25.8%	19.6%	22.5%	22.2%	20.2%	19.9%	20.8%	21.4%	45.3%	41.8%	53.9%	44.8%	57.6%	45.8%
1.43	1.72	1.58	1.49	1.46	1.35	1.24	1.29	1.29	1.25	1.25	1.26	1.27	1.83	1.72	2.18	1.82	2.36	1.85
0.67	0.86	0.64	0.71	0.65	0.50	0.54	0.50	0.50	0.48	0.58	0.48	0.47	0.70	0.71	0.98	0.85	1.18	1.02
2.35	1.39	1.73	2.04	2.18	2.87	4.09	3.44	3.50	3.94	4.02	3.81	3.67	1.21	1.39	0.85	1.23	0.74	1.18
9.9%	29.4%	43.7%	65.1%	25.2%	18.3%	21.7%	40.8%	46.0%	54.4%	53.1%	35.3%	17.4%	17.1%	21.3%	22.6%	22.5%	29.1%	20.5%
2.9%	12.3%	16.0%	21.4%	7.9%	4.7%	4.3%	9.2%	10.2%	11.0%	10.6%	7.4%	3.7%	7.7%	8.9%	12.2%	10.1%	16.8%	9.4%
-	-	-	-	-	-	-	-	-	-	-	-	13.11	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-	52 days	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-	101 days	-	-	-	-	-	-

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on FERMOD

The operating result for 2025 is 65% lower than in 2024 and the lowest since 2013. It is the third fall in a row.

Debt's share of the balance-sheet total rises from 58.2% to 70.1%. Equity and debt are higher.

Large changes and their cause

2025 Net result -66% on 2024. The accounts now follow the full format, last year the abbreviated format.

Board & ownership

Board

5 directors, 4 in day-to-day management, last change in 2023

VANROOCO

Director and managing director, permanent representative Vanderbeke Jan

appointed by deed of 23-07-2019 6-year term from 2023

earlier manager, until 23-07-2019

2pg Group NV

Director

since 05-09-2023 term until 04-09-2029

listed in the 2025 annual accounts, filed on 31-08-2026

HAAS Pierre

Director and managing director

director current term since 05-09-2023 managing director appointed by deed of 23-07-2019 6-year term from 2023

earlier manager, until 23-07-2019

listed in the 2025 annual accounts, filed on 31-08-2026

HAAS Xavier

Director and managing director

director current term since 05-09-2023 managing director appointed by deed of 23-07-2019 6-year term from 2023

earlier manager, until 23-07-2019

listed in the 2025 annual accounts, filed on 31-08-2026

VANDERBEKE Freddy

Director and managing director

director current term since 05-09-2023 managing director appointed by deed of 23-07-2019 6-year term from 2023

listed in the 2025 annual accounts, filed on 31-08-2026

: HAAS Pierre, HAAS Xavier, VANDERBEKE Freddy, VANROOCO
Signing authority: “Artikel 20: Vertegenwoordiging van de vennootschap Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer zij…”
deed of 23-07-2019

Permanent representatives 1

Vanderbeke Jan

Permanent representative, for VANROOCO

appointed by deed of 23-07-2019

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today

HAAS Pierre
Director, Managing director

HAAS Xavier
Director, Managing director

VANROOCO
Director, Managing director

VANDERBEKE Freddy
Director, Managing director

2pg Group NV
Director

Vanderbeke Jan
Manager

LeadershipBoardEarlierRest of the termmandate already running before its first mention

Mandates as a list

HAAS Pierre
- Director, from 20-06-2019 to date
- Manager, until 23-07-2019
- Managing director, appointed by deed of 23-07-2019, still in office
HAAS Xavier
- Director, from 20-06-2019 to date
- Manager, until 23-07-2019
- Managing director, appointed by deed of 23-07-2019, still in office
VANROOCO
- Director, from 20-06-2019 to date
- Manager, until 23-07-2019
- Managing director, appointed by deed of 23-07-2019, still in office
VANDERBEKE Freddy
- Director, appointed by deed of 23-07-2019, still in office
- Managing director, appointed by deed of 23-07-2019, still in office
2pg Group NV
- Director, from 05-09-2023 to date
Vanderbeke Jan
- Manager, until 23-07-2019

See the board, name and registered office on a given date →

Control

Shareholder

2PG GROUP

Equity €10.9m

Profit €460,739 in 2025 (profit €655,170 in 2024)

Checked score 79

Source: accounts 2PG GROUP 2025

50%

This company

FERMOD

Equity €882,898

Profit €87,136 in 2025

Capital

Capital: €61,500
Source: 2025 annual accounts

Owners through the years

as the annual accounts name them

2PG GROUP

50%

Owners as a list

2PG GROUP
- 2006 to 2025: 50%

Source: lists of holdings in the owners' accounts

Articles of association

Duration: Unlimited
deed of 23-07-2019 (in Dutch)
Board rule: At least 3 directors
At most 4 directors
Term of at most 6 years
deed of 23-07-2019 (in Dutch)
Annual meeting: First Monday of June at 18:00
deed of 20-09-2023 (in Dutch)

Network & group

No group

FERMOD has no parent and no holdings in its annual accounts.

At the same address

Pieter Verhaeghestraat 20, 8520 Kuurne · 6 other companies

2PG GROUP registered office since 28-09-1990 · founded in 1990 · group VANJANCO	58 FTE (2025) 0441.459.272
LINUM EUROPE registered office since 01-10-1983 · founded in 1983 · group VANJANCO	13 FTE (2025) 0424.584.935
PLASTIBAC registered office since 18-02-1982 · founded in 1982 · group VANJANCO	4.8 FTE (2025) 0422.488.745
Prihoda registered office since 29-01-1993 · founded in 1992	4.8 FTE (2025) 0448.879.970
Linum Charity registered office since 13-07-2020	founded in 2013 0537.393.163
GROEP VANDERBEKE registered office since 01-01-2016	founded in 2016 0644.501.454

Connections & network

5 current directors

Depth

The network starts from the directors of FERMOD. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

44 events since 1989

Board

Capital

Filings

Financial

Establishments

Address

19901995200020052010201520202025

Deadline for the 2026 accounts: 31-07-2027

2026

31-08-2026

Annual accounts 2025 filed NBBfull format · 31 days late

2025

24-09-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0437503553

22-07-2025

Annual accounts 2024 filed PDFabbreviated format · 9 days before the deadline

2024

26-07-2024

Annual accounts 2023 filed PDFabbreviated format · 5 days before the deadline

2023

20-09-2023

4 directors appointed, 4 reappointmentsReappointments: VANROOCO, HAAS Pierre, VANDERBEKE Freddy and HAAS Xavier · Permanent representative: Vanderbeke Jan · Appointments: VANROOCO, HAAS Pierre, VANDERBEKE Freddy and HAAS Xavier · General meeting of 05-09-202312 points ▸

General meeting, 05-09-2023
General meeting, 2024-06
Director reappointment, VANROOCO
Director reappointment, HAAS Pierre
Director reappointment, VANDERBEKE Freddy
Director reappointment, HAAS Xavier
Permanent representative, Vanderbeke Jan
Director appointment, VANROOCO (managing director)
Director appointment, HAAS Pierre (managing director)
Director appointment, VANDERBEKE Freddy (managing director)
Director appointment, HAAS Xavier (managing director)
Power of attorney, Michaël Mullie
The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

31-03-2023

Annual accounts 2022 filed PDFabbreviated format · 30 days before the deadline

2022

30-09-2022

Highest result from 2007 to 2025 net €525,053 ▲166% The operating result of €668,357 and the net result of €525,053 are both a record.

31-03-2022

Annual accounts 2021 filed PDFabbreviated format · 30 days before the deadline

2021

30-03-2021

Annual accounts 2020 filed PDFabbreviated format · 31 days before the deadline

2020

28-08-2020

Registered office moved from Kuurne to KuumeNew registered office: Pieter Verhaeghestraat 20, 8520 Kuume · Previous registered office: Sint-Katriensteenweg 29, 8520 Kuurne · Board meeting of 13-07-20202 points ▸

Board meeting, 13-07-2020
Registered-office move, Pieter Verhaeghestraat 20, 8520 Kuume
The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

02-04-2020

Annual accounts 2019 filed PDFabbreviated format · 28 days before the deadline

2019

23-07-2019

Capital increase of €42,900 to €61,500Capital from €18,600 to €61,500 · Changes of role: VANROOCO, HAAS Pierre and HAAS Xavier · Resignation: VANDERBEKE Jan (manager) · General meeting of 20-06-201924 points ▸

General meeting, 20-06-2019
Purpose change, “Het kopen,verkopen van alle materialen en apparatuur welke in verband staan of verwant zijn met…” (deed in Dutch)
Capital increase, €42,900
Legal-form conversion, from private limited company (pre-2019) to public limited company
Director resignation, VANROOCO (manager)
Director resignation, HAAS Pierre (manager)
Director resignation, VANDERBEKE Jan (manager)
Director resignation, HAAS Xavier (manager)
Director discharge, VANROOCO
Director discharge, HAAS Pierre
Director discharge, VANDERBEKE Jan
Director discharge, HAAS Xavier
Director appointment, VANROOCO
Director appointment, HAAS Pierre
Director appointment, VANDERBEKE Freddy
Director appointment, HAAS Xavier
Permanent representative, VANDERBEKE Jan, mentioned twice in the deed
Director appointment, VANROOCO (managing director)
Director appointment, HAAS Pierre (managing director)
Director appointment, VANDERBEKE Freddy (managing director)
Director appointment, HAAS Xavier (managing director)
Capital, €61,500, 750 shares
Registered office clause, Sint-Katriensteenweg 29, 8520 Kuurne
Power of attorney, Michaël Mullie
The deed holds 12 more points.

Open the deed in the Belgian Official Gazette

02-04-2019

Annual accounts 2018 filed PDFabbreviated format · 28 days before the deadline

2018

28-03-2018

Annual accounts 2017 filed PDFabbreviated format · 33 days before the deadline

2017

30-09-2017

Equity above €500,000 equity €525,157 ▲14.5% With a profit in every financial year since 2007, equity grows to €525,157.

31-03-2017

Annual accounts 2016 filed PDFabbreviated format · 30 days before the deadline

2016

25-08-2016

Annual accounts 2015 filed PDFabbreviated format · 117 days late

2015

18-03-2015

Annual accounts 2014 filed PDFabbreviated format · 43 days before the deadline

2014

04-03-2014

Annual accounts 2013 filed PDFfull format · 57 days before the deadline

2013

18-03-2013

Annual accounts 2012 filed PDFabbreviated format · 43 days before the deadline

2012

16-03-2012

Annual accounts 2011 filed PDFabbreviated format · 45 days before the deadline

2011

15-03-2011

Annual accounts 2010 filed PDFabbreviated format · 46 days before the deadline

2010

22-03-2010

Annual accounts 2009 filed PDFabbreviated format · 39 days before the deadline

2009

13-03-2009

Annual accounts 2008 filed PDFabbreviated format · 48 days before the deadline

2008

17-03-2008

Annual accounts 2007 filed PDFabbreviated format · 44 days before the deadline

2007

15-03-2007

Annual accounts 2006 filed PDFabbreviated format · 46 days before the deadline

2006

09-03-2006

Annual accounts 2005 filed PDFabbreviated format

2005

16-03-2005

Annual accounts 2004 filed PDFabbreviated format

2004

11-03-2004

Annual accounts 2003 filed PDFabbreviated format

2003

30-04-2003

Annual accounts 2002 filed PDFabbreviated format

2002

21-03-2002

Annual accounts 2001 filed PDFabbreviated format

2001

19-03-2001

Annual accounts 2000 filed PDFabbreviated format

2000

05-04-2000

Annual accounts 1999 filed PDFabbreviated format

1999

31-03-1999

Annual accounts 1998 filed PDFabbreviated format

1998

23-03-1998

Annual accounts 1997 filed PDFabbreviated format

1997

24-03-1997

Annual accounts 1996 filed PDFabbreviated format

1996

22-02-1996

Annual accounts 1995 filed PDFabbreviated format

1995

28-04-1995

Annual accounts 1994 filed PDFabbreviated format

1994

09-03-1994

Annual accounts 1993 filed PDFabbreviated format

1993

12-03-1993

Annual accounts 1992 filed PDFabbreviated format

1992

23-03-1992

Annual accounts 1991 filed PDFabbreviated format

1991

11-03-1991

Annual accounts 1990 filed PDFabbreviated format

1989

09-06-1989

First establishment FERMOD BVBA, Pieter Verhaeghestraat 20, Kuurne

25-05-1989

Incorporation published on 20-06-1989

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

FERMOD was incorporated on 25 May 1989.¹ The registered office was moved to Kuume in 2020.² Total assets went from €3.3m in 2019 to €3.0m in 2025.³

Company details

Identity

Enterprise number: 0437.503.553
VAT number: BE 0437.503.553
Peppol ID: 0208:0437503553
Legal form: Public limited company
Status: Active, normal situation
Founded: 25-05-1989
Financial year: ends on 31 December
Annual meeting: First Monday of June at 18:00
deed of 20-09-2023 (in Dutch)
Peppol: Reachable since 24-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: FERMOD in Dutch
Entity type: Legal entity
Duration: Unlimited
deed of 23-07-2019 (in Dutch)
Registered office clause: “Vlaams Gewest”
deed of 23-07-2019 (in Dutch)

Activities

NACEBEL 2025

46649 Wholesale of other machinery and equipment main activity

46643 Wholesale of electrical equipment, including installation materials

46647 Wholesale trade

46841 Wholesale trade

Codes under NACEBEL 2008

46699 Wholesale trade main activity

46693 Wholesale trade

46697 Wholesale trade

46741 Wholesale trade

Codes under NACEBEL 2003

51873 main activity

Purpose: “Het kopen, verkopen van alle materialen en apparatuur welke in verband staan of verwant zijn met koeltechniek, verwarming, klimatisatie…”
4 activities
Het kopen, verkopen van alle materialen en apparatuur welke in verband staan of verwant zijn met koeltechniek, verwarming, klimatisatie, winkelinrichting, isolatie, en installaties voor verwerking, bewaring en stockage van levensmiddelen (horeca en grootkeukentechniek), ziekenhuis-, medische- en labotechnieken en allerhande inrichtingen en toebehoren voor woningen en appartementen.
De activiteit van onderzoek, ontwikkeling, plaatsen en in het algemeen aannemingswerken betreffende materialen en apparatuur welke in verband staan of verwant zijn met koeltechniek, verwarming, klimatisatie, winkelinrichting, isolatie, en installaties voor verwerking, bewaring en stockage van levensmiddelen (horeca en grootkeukentechniek), ziekenhuis-, medische- en labotechnieken en allerhande inrichtingen en toebehoren voor woningen en appartementen.
Het verlenen van advies en/of het verrichten van studies en onderzoek in verband met voorgaande verrichtingen.
Voor zover de onderneming in het bezit is van een ministeriële erkenning, de uitoefening van alle activiteiten van financieringshuur.
deed of 23-07-2019 (in Dutch)

Registered office and establishments

1 establishment

Establishment	Since	Unit number
FERMOD BVBA registered office Pieter Verhaeghestraat 20, 8520 Kuurne	09-06-1989	2.043.661.722

1 former office

Sint-Katriensteenweg 29, 8520 Kuurne until 13-07-2020 · deed of 28-08-2020

Buildings and parcels at the address

Ground area: 3.4 ha
Buildings: 1.6 ha
Volume, LiDAR: 9,197 m³
Tallest building: 17.7 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

7 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
34023A0497/00C000	3.4 ha	1 · 1.6 ha	17.7 m

Overview

Lifetime

Key points

Equity

Result

Turnover

Debts

Filings

At the same address

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on FERMOD

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency29.9%

Current ratio1.43

Return on assets2.9%

Filed annual accounts

Filings

Key figures and ratios

Insights on FERMOD

Board & ownership

Board

Mandates through the years

Control

Capital

Owners through the years

Articles of association

Network & group

No group

At the same address

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

in euro

in euro

29.9%

1.43

2.9%