FERNAND
ActiveFrom the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
FERNAND has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103,325 and a net result of €1,267. Equity has been growing by about 3.6% per year since 2018. Its solvency ranks better than 56% of 16,961 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
KBO- Status
- Active since 28-11-2011 Normal situation
- Activity
- Cafés and bars NACE 56301and 2 others
- Establishment unit
- 2.213.012.240 8500 Kortrijk, since 01-01-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €69,107
- ▼ 27.9%
- Turnover
- ≈ €250,000
- estimated
- Profit
- €1,267
- ▼ 92.6%
- Equity
- €103,325
- ▼ 18.7%
- Total assets
- €281,720
- ▼ 13.4%
- Staff
- 0.6 FTE
- ▼ 45.5%
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Liquidity: current ratio 1.26, cash €4,884, halvedlowers riskFounded in 2011Figures for financial year 2025 (filed on 17-06-2026)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 56, micro). It does better than 56% of them on solvency, 52% on liquidity, 36% on profitability and 26% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 17-06-2026 at the NBB all 14 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 58% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as FERNAND: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €262,000 and €300,000, founded between 2009 and 2013.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| FERNAND Kortrijk | 2011 | €281,720 | €103,325 | €69,107 | €1,267 | 2025 |
| SHKUP Anderlecht | 2011 | €299,953 | €275,214 | €75,180 | €21,627 | 2025 |
| DANIS LUC Herenthout | 2011 | €287,449 | €165,733 | €59,557 | €1,782 | 2025 |
| JOINT JOINT Lessines | 2010 | €265,701 | €196,512 | €77,147 | €30,378 | 2025 |
| SUCCULENT Meise | 2012 | €279,015 | €221,216 | €83,228 | -€56,308 | 2025 |
| MVMS Aalst | 2013 | €261,636 | €197,536 | €69,964 | €26,974 | 2025 |
| La Ville de Dinant.BOZ Elsene | 2009 | €272,231 | €159,220 | €72,110 | €5,019 | 2025 |
They were chosen from the 5,015 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 10,904 companies had the same profile as FERNAND has now. Two years later, 0.7% had gone bankrupt and 95.2% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of FERNAND itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,445 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 10,904 companies, not a prediction for FERNAND. 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.
Subsidies and aid
Flemish government
2022 · 1 entry · €266 awarded · €266 paid| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €34,145 | €59,787 | €60,025 | €41,967 | €32,951 | ▼ 21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,663 | €30,278 | €30,503 | €26,273 | €23,844 | €39,861 | €22,810 | €22,179 | ▼ 2.8% |
| Other operating charges640/8 | - | - | - | €2,309 | €2,448 | €3,065 | €7,503 | €3,994 | ▼ 46.8% |
| Gross operating margin9900 | €177,451 | €183,637 | €59,566 | €80,883 | €92,077 | €110,193 | €95,873 | €69,107 | ▼ 27.9% |
| Operating profit (loss)9901 | €58,783 | €48,911 | -€11,711 | €18,156 | €5,997 | €7,242 | €23,593 | €9,983 | ▼ 57.7% |
| Financial income75/76B | - | - | - | €325 | €758 | €1,604 | €1,861 | €1,608 | ▼ 13.6% |
| Recurring financial income75 | €375 | €689 | €2,142 | €325 | €758 | €1,604 | €1,861 | €1,608 | ▼ 13.6% |
| Financial charges65/66B | - | - | - | €5,491 | €3,455 | €6,575 | €6,373 | €8,637 | ▲ 35.5% |
| Recurring financial charges65 | €5,059 | €6,317 | €3,581 | €5,491 | €3,455 | €6,575 | €6,373 | €8,637 | ▲ 35.5% |
| Profit (loss) for the period before taxes9903 | €54,099 | €43,282 | -€13,149 | €12,990 | €3,300 | €2,270 | €19,081 | €2,953 | ▼ 84.5% |
| Income taxes67/77 | €10,411 | €9,944 | €131 | €1,306 | €446 | €367 | €1,905 | €1,687 | ▼ 11.5% |
| Profit (loss) for the period9904 | €43,688 | €33,339 | -€13,281 | €11,684 | €2,854 | €1,903 | €17,176 | €1,267 | ▼ 92.6% |
| Profit (loss) for the period to be appropriated9905 | €43,688 | €33,339 | -€13,281 | €11,684 | €2,854 | €1,903 | €17,176 | €1,267 | ▼ 92.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €224,594 | €284,654 | €225,479 | €228,689 | €336,374 | €346,747 | €325,446 | €281,720 | ▼ 13.4% |
| Fixed assets21/28 | €167,414 | €161,961 | €145,906 | €151,749 | €265,775 | €248,631 | €230,559 | €235,243 | ▲ 2.0% |
| Intangible fixed assets21 | €11,825 | €7,825 | €3,825 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €153,939 | €152,487 | €140,432 | €150,099 | €265,580 | €246,981 | €228,909 | €233,593 | ▲ 2.0% |
| Land and buildings22 | - | - | - | €92,702 | €199,387 | €187,880 | €180,066 | €194,551 | ▲ 8.0% |
| Plant, machinery and equipment23 | - | - | - | €25,727 | €36,568 | €32,452 | €32,329 | €26,017 | ▼ 19.5% |
| Furniture and vehicles24 | - | - | - | €12,979 | €13,282 | €10,438 | €2,881 | €1,578 | ▼ 45.2% |
| Other tangible fixed assets26 | - | - | - | €18,691 | €16,342 | €16,212 | €13,632 | €11,446 | ▼ 16.0% |
| Financial fixed assets28 | €1,650 | €1,650 | €1,650 | €1,650 | €195 | €1,650 | €1,650 | €1,650 | = |
| Current assets29/58 | €57,180 | €122,693 | €79,572 | €76,940 | €70,599 | €98,115 | €94,887 | €46,478 | ▼ 51.0% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €49,148 | €28,299 | ▼ 42.4% |
| Other amounts receivable291 | - | - | - | - | - | - | €49,148 | €28,299 | ▼ 42.4% |
| Stocks and contracts in progress3 | €1,885 | €2,956 | €244 | €1,244 | €2,376 | €2,576 | €2,914 | €2,178 | ▼ 25.3% |
| Stocks30/36 | - | - | - | €1,244 | €2,376 | €2,576 | €2,914 | €2,178 | ▼ 25.3% |
| Amounts receivable within one year40/41 | €10,362 | €30,576 | €26,946 | €16,145 | €23,927 | €37,856 | €2,176 | €2,591 | ▲ 19.1% |
| Trade receivables40 | - | - | - | €12,415 | €1,844 | €1,040 | €2,176 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €3,730 | €22,083 | €36,816 | €0 | €2,591 | - |
| Cash at bank and in hand54/58 | €44,933 | €89,161 | €52,146 | €59,551 | €41,385 | €54,069 | €36,894 | €4,884 | ▼ 86.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,910 | €3,614 | €3,755 | €8,526 | ▲ 127% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €224,594 | €284,654 | €225,479 | €228,689 | €336,374 | €346,747 | €325,446 | €281,720 | ▼ 13.4% |
| Equity10/15 | €80,382 | €106,721 | €93,440 | €105,125 | €107,979 | €109,882 | €127,058 | €103,325 | ▼ 18.7% |
| Contributions10/11 | €14,880 | €14,880 | - | €14,880 | €14,880 | €14,880 | €14,880 | €14,880 | = |
| Reserves13 | €64,860 | €89,860 | €78,560 | €90,245 | €93,099 | €95,002 | €112,178 | €88,445 | ▼ 21.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €88,385 | €91,239 | €93,142 | €112,178 | €88,445 | ▼ 21.2% |
| Profit (loss) carried forward14 | €642 | €1,981 | €0 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €144,212 | €177,934 | €132,038 | €123,564 | €228,395 | €236,865 | €198,388 | €178,395 | ▼ 10.1% |
| Amounts payable after more than one year17 | €96,323 | €105,455 | €93,842 | €82,025 | €183,146 | €171,701 | €149,977 | €141,556 | ▼ 5.6% |
| Financial debts170/4 | - | - | - | €82,025 | €183,146 | €171,701 | €149,977 | €141,556 | ▼ 5.6% |
| Amounts payable within one year42/48 | €47,889 | €72,479 | €38,197 | €41,539 | €45,249 | €65,164 | €48,411 | €36,839 | ▼ 23.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,817 | €20,258 | €24,305 | €26,106 | €13,632 | ▼ 47.8% |
| Trade debts44 | €9,087 | €32,769 | €17,686 | €15,973 | €8,809 | €19,142 | €2,255 | €20,190 | ▲ 795% |
| Suppliers440/4 | - | - | - | €15,973 | €8,809 | €19,142 | €2,255 | €20,190 | ▲ 795% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €1,963 | €113 | ▼ 94.2% |
| Taxes, remuneration and social security45 | - | - | - | €12,300 | €16,182 | €21,717 | €18,087 | €2,904 | ▼ 83.9% |
| Taxes450/3 | - | - | - | €5,347 | €5,705 | €8,666 | €10,214 | €2,904 | ▼ 71.6% |
| Remuneration and social security454/9 | - | - | - | €6,953 | €10,477 | €13,051 | €7,872 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €1,449 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,688 | €33,339 | -€13,281 | €11,684 | €2,854 | €1,903 | €17,176 | €1,267 | ▼ 92.6% |
| + Depreciation and write-downs630 | €28,663 | €30,278 | €30,503 | €26,273 | €23,844 | €39,861 | €22,810 | €22,179 | ▼ 2.8% |
| Operating cash flow (approximation) | €72,351 | €63,617 | €17,223 | €37,957 | €26,698 | €41,764 | €39,986 | €23,446 | ▼ 41.4% |
| Investment in fixed assets (approximation) | - | -€24,826 | -€14,448 | -€32,116 | -€137,870 | -€22,718 | -€4,737 | -€26,863 | ▼ 467% |
| Change in cash | - | €44,228 | -€37,015 | €7,405 | -€18,166 | €12,684 | -€17,175 | -€32,011 | ▼ 86.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-06-2026 | 2026-00173773 | NBB |
| 31-12-2024 | micro format | 20-03-2025 | 2025-00057079 | |
| 31-12-2023 | micro format | 16-05-2024 | 2024-00095189 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00252970 | |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20090916 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-52600003 | |
| 31-12-2019 | micro format | 29-07-2020 | 2020-35900066 | |
| 31-12-2018 | micro format | 15-07-2019 | 2019-32200267 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-55900208 | |
| 31-12-2016 | micro format | 27-09-2017 | 2017-64500451 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 24-03-2023 Converted to unavailable equity
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, benoemd met of zonder beperking van duur”“Geheel van de bevoegdheden van de bestuurders aan hem toegekend,met mogelijkheid een deel te delegeren, iedere bestuurder,alleen…”“Of het mandaat al dan niet ten kosteloze titel wordt uitgeoefend, geboekt op de algemene kosten,los van eventuele representatie-,reis- en…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Na aanzuivering van alle schulden,lasten en kosten van de vereffening of consignatie van de nodige sommen om die te voldoen en,indien er…”
Articles of association, deed of 24-03-2023 (in Dutch)
Network & group
FERNAND shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of FERNAND. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-03
Gazette deed
Resignation: Joke Soubry (director)Reappointment: Joke Soubry (director) · Capital conversion · Reserve release9 points ▸
- General meeting, 21-03-2023
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, EUR, “niet-opgevraagde andere onbeschikbare inbreng buiten kapitaal” (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Amendment of the articles
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital
- Director resignation, Joke Soubry (director)
- Director reappointment, Joke Soubry (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34353B0106/00V011 | Flanders | 125 m² | 1 · 125 m² | 10.1 m · 1 |