FERRANT
InactiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 36 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€10,229
2024 · €283,177
Working capital
€601,623▼ 0.1%
2024 · €602,183
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€24,176
2025
20182025
Net result
-€10,229
2025
20182025
Equity
€508,084
▼ 2.0%
2025
20182025
Total assets
€603,732
▼ 2.7%
2025
20182025
Debt
€65
▼ 99.0%
2025
20182025
Working capital
€601,623
▼ 0.1%
2025
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€9,559-€6,386▼ 33.2%€17,067▲ 167%€139,703▲ 719%€154,682▲ 10.7%€136,443▼ 11.8%€379,712▲ 178%-€24,176
Net result€920-€1,343▲ 46.0%€4,762▲ 255%€130,393▲ 27×€146,674▲ 12.5%€133,482▼ 9.0%€283,177▲ 112%-€10,229
Equity€237,482-€238,825▲ 0.6%€243,587▲ 2.0%€219,980▼ 9.7%€226,654▲ 3.0%€235,136▲ 3.7%€518,313▲ 120%€508,084▼ 2.0%
Total assets€389,830-€396,078▲ 1.6%€369,985▼ 6.6%€477,157▲ 29.0%€448,389▼ 6.0%€436,515▼ 2.6%€620,238▲ 42.1%€603,732▼ 2.7%
Debt€152,348-€157,254▲ 3.2%€126,398▼ 19.6%€257,176▲ 103%€221,734▼ 13.8%€201,379▼ 9.2%€6,342▼ 96.9%€65▼ 99.0%
Working capital€188,902-€203,612▲ 7.8%€214,037▲ 5.1%€186,315▼ 13.0%€208,885▲ 12.1%€224,543▲ 7.5%€602,183▲ 168%€601,623▼ 0.1%
Staff (FTE)10.2-10.8▲ 5.9%10.7▼ 0.9%9.8▼ 8.4%9.4▼ 4.1%10▲ 6.4%1.6▼ 84.0%
The operating result for 2025 is a loss of €24,176, after a profit of €379,712 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €603,732
Fixed assets
€2,044 ▼ 43.1%
Current assets
€601,688 ▼ 1.1%
Equity and liabilities €603,732
Equity
€508,084 ▼ 2.0%
Provisions
€95,583 =
Debt
€65 ▼ 99.0%
Debt's share of the balance-sheet total falls from 1.0% to 0.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€14,507▼
2024 · €392,463
Cash flow
-€560▼
2024 · €295,928
Debt to equity
0.00▼
2024 · 0.01
ROE
-2.0%▼
2024 · 54.6%
ROA
-1.7%▼
2024 · 45.7%
Interest coverage
-6.49▼
2024 · over 100
Debt ≤ 1 year
€65▼
2024 · €6,342
Income taxes
€783▲
2024 · €4
Staff costs
€4,633▼
2024 · €65,143
A ratio outside any meaningful range has been withheld (balance sheet total €603,732, equity €508,084).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 10 | 10 | - |
| full-time | 10 | 10 | 10 | - |
| part-time | 0 | 0 | 0 | - |
| in full-time equivalents | 10 | 10 | 10 | - |
| Average over the year, in full-time equivalents | 9.8 | 9.4 | 10 | 1.6 |
| On a permanent contract | 10 | 9 | 9 | - |
| Joined | 3 | 3 | 1 | 0 |
| Left | 3 | 3 | 2 | 10 |
| Training hours | - | 368 | 11 | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €6,184 | - | - | - | - |
| Carrying value of the other pledged assets | €9,217 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €17,372 | - | €955 | €4,646 | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €20,784 | €10,818 | €10,959 | €12,751 | €9,669 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,500 | €15,000 | €382,332 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €335,710 | €302,643 | €322,205 | €65,143 | €4,633 | ▼ 92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,519 | €26,835 | €21,385 | €20,784 | €10,818 | €10,959 | €12,751 | €9,669 | ▼ 24.2% |
| Other operating charges640/8 | - | - | - | €2,759 | €8,276 | €14,096 | €899 | €5,777 | ▲ 542% |
| Gross operating margin9900 | €384,814 | €378,640 | €430,361 | €498,956 | €476,419 | €483,704 | €458,506 | -€4,097 | - |
| Operating profit (loss)9901 | €9,559 | €6,386 | €17,067 | €139,703 | €154,682 | €136,443 | €379,712 | -€24,176 | - |
| Financial income75/76B | - | - | - | €1,232 | €1,123 | €1,119 | €586 | €16,966 | ▲ 29× |
| Recurring financial income75 | €801 | €636 | €1,452 | €1,232 | €1,123 | €1,119 | €586 | €16,966 | ▲ 29× |
| Financial charges65/66B | - | - | - | €2,084 | €1,802 | €1,781 | €1,535 | €2,236 | ▲ 45.6% |
| Recurring financial charges65 | €3,091 | €2,918 | €2,270 | €2,084 | €1,802 | €1,781 | €1,535 | €2,236 | ▲ 45.6% |
| Profit (loss) for the period before taxes9903 | €7,269 | €4,105 | €16,249 | €138,851 | €154,003 | €135,782 | €378,763 | -€9,446 | - |
| Transfer to deferred taxes680 | - | - | - | - | - | - | €95,583 | €0 | ▼ 100% |
| Income taxes67/77 | €6,349 | €2,762 | €11,487 | €8,458 | €7,329 | €2,300 | €4 | €783 | ▲ 211× |
| Profit (loss) for the period9904 | €920 | €1,343 | €4,762 | €130,393 | €146,674 | €133,482 | €283,177 | -€10,229 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €286,749 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €920 | €1,343 | €4,762 | €130,393 | €146,674 | €133,482 | -€3,572 | -€10,229 | ▼ 186% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €389,830 | €396,078 | €369,985 | €477,157 | €448,389 | €436,515 | €620,238 | €603,732 | ▼ 2.7% |
| Formation expenses20 | - | - | - | - | - | - | €8,120 | €0 | ▼ 100% |
| Fixed assets21/28 | €48,580 | €52,293 | €37,077 | €33,665 | €22,847 | €12,843 | €3,592 | €2,044 | ▼ 43.1% |
| Tangible fixed assets22/27 | €48,445 | €52,158 | €36,942 | €33,530 | €22,712 | €12,708 | €3,457 | €1,909 | ▼ 44.8% |
| Plant, machinery and equipment23 | - | - | - | €19,773 | €15,152 | €11,344 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €13,757 | €7,561 | €1,364 | €3,457 | €1,909 | ▼ 44.8% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €341,250 | €343,786 | €332,908 | €443,492 | €425,541 | €423,672 | €608,525 | €601,688 | ▼ 1.1% |
| Stocks and contracts in progress3 | €12,245 | €11,540 | €10,570 | €9,980 | €4,210 | €4,960 | €0 | - | - |
| Stocks30/36 | - | - | - | €9,980 | €4,210 | €4,960 | €0 | - | - |
| Amounts receivable within one year40/41 | €287,001 | €281,080 | €227,053 | €222,399 | €259,185 | €198,616 | €428,955 | €436,563 | ▲ 1.8% |
| Trade receivables40 | - | - | - | €203,950 | €254,309 | €178,376 | €117,095 | €23,923 | ▼ 79.6% |
| Other amounts receivable41 | - | - | - | €18,449 | €4,875 | €20,240 | €311,859 | €412,640 | ▲ 32.3% |
| Cash at bank and in hand54/58 | €34,266 | €48,927 | €89,533 | €205,580 | €156,574 | €214,668 | €179,570 | €165,086 | ▼ 8.1% |
| Deferred charges and accrued income490/1 | - | - | - | €5,532 | €5,572 | €5,428 | €0 | €39 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €389,830 | €396,078 | €369,985 | €477,157 | €448,389 | €436,515 | €620,238 | €603,732 | ▼ 2.7% |
| Equity10/15 | €237,482 | €238,825 | €243,587 | €219,980 | €226,654 | €235,136 | €518,313 | €508,084 | ▼ 2.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €175,482 | €176,825 | €181,587 | €157,273 | €157,273 | €157,273 | €444,022 | €444,022 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | - | €151,073 | €151,073 | €151,073 | €437,822 | €437,822 | = |
| Distributable reserves133 | - | - | - | €0 | - | - | - | - | - |
| Profit (loss) carried forward14 | - | - | - | €707 | €7,381 | €15,863 | €12,291 | €2,062 | ▼ 83.2% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €95,583 | €95,583 | = |
| Deferred taxes168 | - | - | - | - | - | - | €95,583 | €95,583 | = |
| Amounts payable17/49 | €152,348 | €157,254 | €126,398 | €257,176 | €221,734 | €201,379 | €6,342 | €65 | ▼ 99.0% |
| Amounts payable after more than one year17 | - | €13,530 | €6,184 | €0 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €152,348 | €140,173 | €118,871 | €257,176 | €216,656 | €199,129 | €6,342 | €65 | ▼ 99.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,184 | €0 | - | - | - | - |
| Trade debts44 | €26,657 | €39,734 | €34,380 | €37,578 | €28,283 | €13,547 | €3,885 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €37,578 | €28,283 | €13,547 | €3,885 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €59,415 | €48,374 | €53,825 | €2,457 | €65 | ▼ 97.3% |
| Taxes450/3 | - | - | - | €27,147 | €19,048 | €10,227 | €2,457 | €65 | ▼ 97.3% |
| Remuneration and social security454/9 | - | - | - | €32,268 | €29,326 | €43,598 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €154,000 | €140,000 | €131,757 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €5,078 | €2,250 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €920 | €1,343 | €4,762 | €130,393 | €146,674 | €133,482 | €283,177 | -€10,229 | - |
| + Depreciation and write-downs630 | €27,519 | €26,835 | €21,385 | €20,784 | €10,818 | €10,959 | €12,751 | €9,669 | ▼ 24.2% |
| Operating cash flow (approximation) | €28,439 | €28,178 | €26,147 | €151,178 | €157,492 | €144,441 | €295,928 | -€560 | - |
| Investment in fixed assets (approximation) | - | -€30,548 | -€6,169 | -€17,372 | €0 | -€955 | -€3,500 | -€8,120 | ▼ 132% |
| Change in cash | - | €14,661 | €40,606 | €116,047 | -€49,006 | €58,094 | -€35,098 | -€14,484 | ▲ 58.7% |
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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 09-07-2026 | 2026-00276304 | |
| 31-12-2024 | abbreviated format | 24-06-2025 | 2025-00173098 | |
| 31-12-2023 | abbreviated format | 20-06-2024 | 2024-00172415 | |
| 31-12-2022 | abbreviated format | 22-08-2023 | 2023-00344327 | |
| 31-12-2021 | abbreviated format | 29-08-2022 | 2022-20416869 | |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-65000157 | |
| 31-12-2019 | abbreviated format | 27-10-2020 | 2020-63900257 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-61100300 | |
| 31-12-2017 | abbreviated format | 24-08-2018 | 2018-50800557 | |
| 31-12-2016 | abbreviated format | 29-08-2017 | 2017-53200563 |