Fero Group
ActiveFero Group has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.35M and a net result of €-909k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▲+1
Solvency39▲+1
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 2.55 in 2024; short-term debt: 10.9% and cash: 7.4% of total assets), but 86.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.6%
Return on assets
-1.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-909k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 4860 sector peers (2025).
NBB · sector comparisonPosition among 4860 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
on the day
2023
1 d early
2022
4 d early
2021
3 d early
2020
3 d early
2019
18 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€35.89M▼ 10.9%
2024 · €40.29M
2024: €40.29M
2024 → 2025
EBIT margin
10.7%▼ 2.5pp
2024 · 13.2%
2024: 13.2%
2024 → 2025
Net result
€-909k▼ 29.1%
2024 · €-704k
2018: €953k
2019: €45k
2020: €-84k
2021: €254k
2022: €94k
2023: €-1.89M
2024: €-704k
2018 → 2025
Working capital
€8.31M▼ 30.7%
2024 · €11.98M
2018: €1.07M
2019: €1.04M
2020: €945k
2021: €1.23M
2022: €1.14M
2023: €18.95M
2024: €11.98M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€40.29M€35.89M▼ 10.9%
Equity€1.33M-€1.43M▲ 7.0%€10.97M▲ 670%€10.26M▼ 6.4%€9.35M▼ 8.9%
Operating result€395k-€160k▼ 59.4%€3.39M▲ 2,012%€5.33M▲ 57.3%€3.84M▼ 27.9%
Net result€254k-€94k▼ 63.0%€-1.89M€-704k▲ 62.7%€-909k▼ 29.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68.90M
Fixed assets
€53.07M▼ 7.1%
Current assets
€15.83M▼ 19.7%
Equity and liabilities €68.90M
Equity
€9.35M▼ 8.9%
Debt
€59.54M▼ 10.5%
The debt ratio falls from 86.6% to 86.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9.62M▼
2024 · €11.31M
Cash flow
€4.87M▼
2024 · €5.27M
Solvency
13.6%▲
2024 · 13.4%
Current ratio
2.11▼
2024 · 2.55
Quick ratio
2.10▼
2024 · 2.55
Debt / equity
6.37▼
2024 · 6.49
ROE
-9.7%▼
2024 · -6.9%
ROA
-1.3%▼
2024 · -0.9%
Interest coverage
2.80▲
2024 · 2.45
Debt
€59.54M▼
2024 · €66.56M
Debt ≤ 1 year
€7.52M▼
2024 · €7.73M
Debt > 1 year
€52.02M▼
2024 · €58.83M
Income taxes
€1.30M▼
2024 · €1.45M
Staff costs
€13.75M▲
2024 · €13.17M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€76.83M€68.90M▼
Fixed assets21/28€57.11M€53.07M▼
Intangible fixed assets21€35.29M€30.83M▼
Tangible fixed assets22/27€2.55M€2.98M▲
Land and buildings22€13k€11k▼
Plant, machinery and equipment23€1.07M€1.01M▼
Furniture and vehicles24€1.14M€1.49M▲
Leasing and similar rights25€0-
Other tangible fixed assets26€325k€460k▲
Financial fixed assets28€19.27M€19.26M▼
Affiliated companies280/1€19.25M€19.25M=
Participating interests280€19.25M€19.25M=
Other financial fixed assets284/8€24k€14k▼
Amounts receivable and cash guarantees285/8€24k€14k▼
Current assets29/58€19.71M€15.83M▼
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Goods purchased for resale34€2k€2k=
Amounts receivable within one year40/41€17.59M€10.60M▼
Trade receivables40€17.23M€10.49M▼
Other amounts receivable41€360k€110k▼
Cash at bank and in hand54/58€1.96M€5.07M▲
Deferred charges and accrued income490/1€159k€159k▲
Equity and liabilities
Total equity and liabilities10/49€76.83M€68.90M▼
Equity10/15€10.26M€9.35M▼
Contributions10/11€620k€620k=
Capital10€620k€620k=
Issued capital100€620k€620k=
Reserves13€2.10M€2.10M=
Non-distributable reserves130/1€44k€44k=
Legal reserve130€44k€44k=
Tax-exempt reserves132€752k€0▼
Distributable reserves133€1.30M€2.05M▲
Profit (loss) carried forward14€7.55M€6.64M▼
Amounts payable17/49€66.56M€59.54M▼
Amounts payable after more than one year17€58.83M€52.02M▼
Financial debts170/4€58.83M€52.02M▼
Credit institutions173€34k€11k▼
Other loans174€58.80M€52.01M▼
Amounts payable within one year42/48€7.73M€7.52M▼
Current portion of amounts payable after more than one year42€32k€22k▼
Financial debts43€266k€2.06M▲
Credit institutions430/8€266k€2.06M▲
Trade debts44€3.35M€2.41M▼
Suppliers440/4€3.35M€2.41M▼
Taxes, remuneration and social security45€4.08M€3.02M▼
Taxes450/3€2.86M€1.68M▼
Remuneration and social security454/9€1.23M€1.34M▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Operating income70/76A€41.61M€37.17M▼
Turnover70€40.29M€35.89M▼
Other operating income74€1.20M€1.18M▼
Non-recurring operating income76A€118k€103k▼
Operating charges60/66A€36.28M€33.32M▼
Goods for resale, raw materials and consumables60€4.42M€3.39M▼
Purchases600/8€4.42M€3.39M▼
Services and other goods61€12.33M€9.99M▼
Remuneration, social security and pensions62€13.17M€13.75M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5.98M€5.78M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€25k€12k▼
Other operating charges640/8€302k€370k▲
Non-recurring operating charges66A€56k€39k▼
Operating profit (loss)9901€5.33M€3.84M▼
Financial income75/76B€40k€29▼
Recurring financial income75€40k€29▼
Income from current assets751€40k€0▼
Other financial income752/9€277€29▼
Financial charges65/66B€4.63M€3.45M▼
Recurring financial charges65€4.63M€3.45M▼
Debt charges650€4.61M€3.44M▼
Other financial charges652/9€16k€17k▲
Profit (loss) for the period before taxes9903€742k€389k▼
Transfer from deferred taxes780€0-
Income taxes67/77€1.45M€1.30M▼
Taxes670/3€1.45M€1.30M▼
Profit (loss) for the period9904€-704k€-909k▼
Transfer from tax-exempt reserves789€0€752k▲
Profit (loss) for the period to be appropriated9905€-704k€-158k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7.55M€7.39M▼
Profit (loss) brought forward from the previous period14P€8.25M€7.55M▼
Transfer to equity691/2-€752k
To other reserves6921-€752k
Social balance
Average headcount (FTE)9087174.0178.8▲
The notes to these accounts (86 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-1.89M ▼2112%
Net result drops to €-1.89M, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €10MEq €10.97M ▲670%
Equity rises from €1.43M to €10.97M.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €254k
Net result €254k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Willebroek · 5 establishment units since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jozef De Blockstraat 812830 WillebroekGround area
3.2 ha
Building footprint
4,268 m²
Volume, LiDAR
28,461 m³
5 parcels, Flanders, Wallonia · tallest building 19.1 m, ±2 floors. Linked by address, not a title deed.
5 establishment units
Fero Group
since 20232.341.491.314
Fero Group
since 20232.341.491.413
Fero Group
since 20232.341.491.512
Fero Group
since 20232.341.491.611
Fero Group
since 20232.344.090.518
5 parcels
Flanders
4
(80%)
Wallonia
1
(20%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92410C0006/00V003 | Wallonia | 1.3 ha | - | - |
| 31808K0263/00C000 | Flanders | 6,278 m² | 1 · 1,475 m² | 8.4 m · 2 fl. |
| 44001B0566/00T000 | Flanders | 6,272 m² | 1 · 246 m² | 6.6 m · 2 fl. |
| 71037A2173/00Y000 | Flanders | 4,806 m² | 1 · 1,048 m² | 19.1 m · 2 fl. |
| 12036A0325/00T000 | Flanders | 1,914 m² | 1 · 1,500 m² | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 9,000 EUR awarded · 9,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 9,000 EUR | 9,000 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Recognitions · licences · registrations
Recognised contractor
1 categoryFero Group NV40061
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Of 2,124 companies in sector 46500 we hold annual accounts for 1,404. 300 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-09-2005
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
45230
46500Wholesale of information and communication equipment
46520Wholesale trade
46900Non-specialised wholesale trade
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:boekhouder@ferogroup.be
Phone:03 288 75 28