Equity
€2.9m ▲ 23.2%
FERO has made a profit in every financial year since 2007.
FERO
Lifetime
19 annual accounts with figures on one time axis, 37 filings since 1989peak €25.2m (2023)
€16.2m▲ 13.5%
peak €2.1m (2023)
€571,561▲ 133%
peak €4.4m (2019)
€2.9m▲ 23.2%
€4.5m▼ 31.3%
peak 22 FTE (2024)
21.1 FTE▼ 4.1%
Board5 names since 2020
1 directorUNIFIRE
Owners3 names in the annual accounts
100%UNIFIRE
Documentsfilings and deeds
28-11-202564 days before the deadline
2025financial year
Turnover from €14.2m to €16.2mResult from €245,442 to €571,561Permanent representative: Patrick Bauwens 27-05Dividend €28,578Equity from €2.3m to €2.9mDebts from €6.5m to €4.5m
Key points
from the 2025 annual accountsResult
€571,561 ▲ 133%
The result rose in 2025 from €245,442 to €571,561.
Staff
22 employees on 30-06-2025
In 2025, 1 person joined and 1 left.
Payment terms
20 days to suppliers
FERO pays its suppliers 13 days earlier than in 2024. Customers pay 4 days later.
Liquidity
2.06 was 1.31 in 2024
Short-term debts fell from €6.5m to €3.4m.
Filings
37 annual accounts since 1989
The last five annual accounts were filed 10 to 84 days before the end of the period.
Checked score
93
Excellent
Financially stronger than 54% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% 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 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025highest value
01-2026: 0.1%▼ -0.3 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 2.06, cash €291,179
lowers risk
Founded in 1988
Profit of €571,561 (financial year 2025)
Legal form: public limited company
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 46% of them on solvency, 33% on liquidity, 55% on profitability and 84% 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 30-06-2025.
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, 20,137 companies had the same profile as FERO has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of FERO itself: 0.1% 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 20,137 companies, not a prediction for FERO. 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 €260,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.06 (1.31 in 2024), above the usual 1.5. Short-term debt is 46.2% and cash 3.9% of total assets. However, 60.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €2.9m
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-11-2025, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 days early
2024
84 days early
2023
51 days early
2022
54 days early
2021
10 days early
2020
71 days early
2019
122 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 65 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 financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 8 December (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0435384203
Permanent representative: Patrick Bauwens
Gazette deed
Reappointment: Baker Tilly Bedrijfsrevisoren (statutory auditor)
General meeting of 30-11-2023 · Gazette deed
1 director appointed, 2 resignations
Resignations: B-LOGIC (managing director) and STOVEPLANET · Permanent representatives: BAUWENS Patrick and DE VOS Fabien Marie-Agnès Laurent · Appointment: UNIFIRE (sole director) · General meeting of 25-03-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FERO Oudenaarde | €16.2m | 5.8% | 39.2% | 21.1 |
| CHAUFFAGE INDUSTRIE SANITAIRE DOFNY Charleroi | €14.8m | 3.4% | 54.5% | 27.6 |
| UBBINK Ghent | €13.4m | 3.1% | 81.2% | 22.3 |
| PIPING LOGISTICS Aalst | €20.8m | 13.0% | 30.4% | 17 |
| GIACOMINI (BENELUX) Wavre | €15.5m | 6.3% | 85.5% | 21.9 |
| SYSTEMAIR Aarschot | €22.8m | 7.8% | 51.9% | 28.2 |
| Ets DETANDT - SIMON Mons | €19.8m | 1.6% | 19.2% | 39.1 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as FERO: wholesale trade (NACE 46842). They are comparable in size and age: total assets between €5.5m and €15m, founded between 1969 and 1989.
Official details
Source: KBO- Status
- Active since 27-09-1988Normal situation
- Activity
- Wholesale tradeNACE 46842and 3 others
- Joint committee
- 149.04Metal trade · annual accounts 30-06-2025
- Establishment unit
- 2.040.464.8789700 Oudenaarde, since 11-10-1988
- Financial year end
- 30 June
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-06-2025
- €7.4m▼ 16.9%
- Employeeson 30-06-2025
- 22=
- Filing
- Filed on 28-11-2025, 64 days before the end of the filing period
Insights on FERO
Solvency rose in 2025 from 26.4% to 39.2% because of the retained profit and lower debts.
UNIFIRE holds all the shares.
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 FERO
- What is the company number of FERO?
- The company number of FERO is 0435.384.203. The VAT number is the same number with BE in front: BE 0435.384.203.
- Where is FERO based?
- The registered office is at Industriepark "De Bruwaan" 17, 9700 Oudenaarde.Company details
- What does FERO do?
- According to the KBO register, the main activity is wholesale trade (NACE 46842).
- What is the legal form of FERO?
- FERO is a public limited company (NV).
- When was FERO founded?
- FERO was founded on 27-09-1988.
- Is FERO still active?
- Yes, FERO is an active enterprise in the KBO register.
- How many employees does FERO have?
- FERO had an average of 21.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FERO fall under?
- In its 30-06-2025 annual accounts, FERO states joint committee 149.04 (Metal trade).
- What is the turnover of FERO?
- The turnover of FERO was €16.2m in financial year 2025, according to the filed annual accounts.
- Is FERO profitable?
- In financial year 2025, FERO made a profit of €571,561.
- Where can I find the annual accounts of FERO?
- FERO filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FERO due?
- FERO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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