Summary
FERO Management is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €116k and a net result of €148k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 6156 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €116k
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 23-06-2025, 38 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
36 d early
2022
34 d early
2021
32 d early
2020
29 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€116k▲ 113%
2023 · €55k
2018: €12k
2019: €40k
2020: €89k
2021: €117k
2022: €20k
2023: €55k
2018 → 2024
Net result
€148k▲ 323%
2023 · €35k
2018: €-6k
2019: €28k
2020: €49k
2021: €28k
2022: €23k
2023: €35k
2018 → 2024
Total assets
€401k▲ 613%
2023 · €56k
2018: €43k
2019: €69k
2020: €118k
2021: €125k
2022: €60k
2023: €56k
2018 → 2024
Solvency
29.0%▼ 68.4pp
2023 · 97.4%
2018: 28.6%
2019: 58.4%
2020: 75.1%
2021: 93.8%
2022: 33.1%
2023: 97.4%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€89k-€117k▲ 31.6%€20k▼ 83.0%€55k▲ 176%€116k▲ 113%
Operating result€63k-€37k▼ 40.6%€37k▼ 0.1%€45k▲ 21.3%€33k▼ 27.3%
Net result€49k-€28k▼ 42.5%€23k▼ 18.2%€35k▲ 52.1%€148k▲ 323%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 27% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €401k
Fixed assets
€370k ▲ 2,088%
Current assets
€31k ▼ 20.8%
Equity and liabilities €401k
Equity
€116k ▲ 113%
Debt
€284k ▲ 19,299%
Debt's share of the balance-sheet total rises from 2.6% to 71.0%. Equity and debt are higher.
Key figures and ratios
ROE
126.9%▲
2023 · 63.7%
ROA
36.8%▼
2023 · 62.1%
Debt ≤ 1 year
€43k▲
2023 · €1k
Debt > 1 year
€241k
Income taxes
€5k▼
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€56k€401k▲
Fixed assets21/28€17k€370k▲
Tangible fixed assets22/27€8k€360k▲
Land and buildings22-€275k
Plant, machinery and equipment23€560€355▼
Furniture and vehicles24€7k€85k▲
Financial fixed assets28€9k€9k=
Current assets29/58€39k€31k▼
Amounts receivable within one year40/41€8k€8k▼
Other amounts receivable41€8k€8k▼
Cash at bank and in hand54/58€31k€24k▼
Equity and liabilities
Total equity and liabilities10/49€56k€401k▲
Equity10/15€55k€116k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€36k€98k▲
Amounts payable17/49€1k€284k▲
Amounts payable after more than one year17-€241k
Financial debts170/4-€241k
Amounts payable within one year42/48€1k€43k▲
Current portion of amounts payable after more than one year42-€20k
Trade debts44€1k€936▼
Suppliers440/4€1k€936▼
Other amounts payable47/48-€22k
Income statement
Code20232024
Non-recurring operating income76A-€14k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€60k▲
Other operating charges640/8€528€2k▲
Non-recurring operating charges66A€479-
Gross operating margin9900€49k€95k▲
Operating profit (loss)9901€45k€33k▼
Financial income75/76B€68€125k▲
Recurring financial income75€68€125k▲
Financial charges65/66B€309€5k▲
Recurring financial charges65€309€5k▲
Profit (loss) for the period before taxes9903€45k€153k▲
Income taxes67/77€10k€5k▼
Profit (loss) for the period9904€35k€148k▲
Profit (loss) for the period to be appropriated9905€35k€148k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€184k▲
Profit (loss) brought forward from the previous period14P€1k€36k▲
Profit to be distributed694/7-€86k
Return on contributions (dividend)694-€86k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €148k ▲323%
Net result €148k, the highest in the series.
31-12
Financial
Equity above €100kEq €116k ▲113%
6 profitable years in a row build equity to €116k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 26current ratio 26.81
Current ratio from 1.03 to 26.81; short-term debt falls from €40k to €1k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 13.15
Current ratio from 3.41 to 13.15; short-term debt falls from €28k to €8k.
31-12
Financial
Equity above €100kEq €117k ▲31.6%
3 profitable years in a row build equity to €117k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.07
Current ratio from 0.61 to 2.07.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oostende · 1 establishment unit since 2017
Ground area
541 m²
Building footprint
114 m²
Volume, LiDAR
679 m³
Parcel 35026B0368/00D002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FERO Management
since 20172.269.517.413
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35026B0368/00D002 | Flanders | 541 m² | 1 · 114 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
69940027QL4X710H6X48
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 12,681 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.