Ferrari Elec
ActiveThe computed 12-month bankruptcy probability of Ferrari Elec is 2.2% (moderate). The 2025 annual accounts show equity of €84k and a net result of €15k. Equity is growing by ~30.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 191 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-35
Solvency47▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.2 in 2024; short-term debt: 77.8% and cash: 2.5% of total assets), and 77.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Sector 27
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
22.2%
Return on assets
3.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
30 d late
2024
25 d late
2023
19 d early
2022
33 d early
2021
5 d late
2020
88 d late
2019
82 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15k▼ 84.3%
2024 · €95k
2019: €3k
2020: €-91
2021: €21k
2022: €32k
2023: €127k
2024: €95k
2019 → 2025
Working capital
€78k▲ 13.4%
2024 · €69k
2019: €-7k
2020: €72k
2021: €56k
2022: €33k
2023: €72k
2024: €69k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€40k▲ 9.3%€70k▲ 74.8%€70k▲ 0.5%€84k▲ 20.1%
Operating result€26k-€45k▲ 71.2%€160k▲ 258%€129k▼ 19.3%€27k▼ 79.5%
Net result€21k-€32k▲ 54.1%€127k▲ 296%€95k▼ 25.2%€15k▼ 84.3%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 79% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €381k
Fixed assets
€7k▼ 2.9%
Current assets
€374k▼ 9.4%
Equity and liabilities €381k
Equity
€84k▲ 20.1%
Debt
€296k▼ 15.2%
The debt ratio falls from 83.3% to 77.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▼
2024 · €135k
Cash flow
€20k▼
2024 · €101k
Solvency
22.2%▲
2024 · 16.7%
Current ratio
1.26▲
2024 · 1.20
Quick ratio
0.87▼
2024 · 0.95
Debt / equity
3.51▼
2024 · 4.97
ROE
17.7%▼
2024 · 135.7%
ROA
3.9%▼
2024 · 22.7%
Interest coverage
4.56▼
2024 · 26.94
Debt
€296k▼
2024 · €349k
Debt ≤ 1 year
€296k▼
2024 · €344k
Income taxes
€5k▼
2024 · €29k
Staff costs
€146k▼
2024 · €176k
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€420k€381k▼
Fixed assets21/28€7k€7k▼
Tangible fixed assets22/27€7k€7k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€1k€4k▲
Current assets29/58€413k€374k▼
Amounts receivable after more than one year29€98k-
Trade receivables290€98k-
Stocks and contracts in progress3€85k€116k▲
Stocks30/36€85k€116k▲
Amounts receivable within one year40/41€230k€246k▲
Trade receivables40€206k€213k▲
Other amounts receivable41€24k€33k▲
Cash at bank and in hand54/58-€10k
Deferred charges and accrued income490/1€241€3k▲
Equity and liabilities
Total equity and liabilities10/49€420k€381k▼
Equity10/15€70k€84k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€51k€66k▲
Amounts payable17/49€349k€296k▼
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€344k€296k▼
Current portion of amounts payable after more than one year42€14k€10k▼
Financial debts43€38k€38k=
Credit institutions430/8€38k€38k=
Trade debts44€194k€51k▼
Suppliers440/4€194k€51k▼
Advances received on contracts in progress46€640€640=
Taxes, remuneration and social security45€98k€54k▼
Taxes450/3€89k€23k▼
Remuneration and social security454/9€10k€31k▲
Other amounts payable47/48€30€143k▲
Income statement
Code20242025
Non-recurring operating income76A-€848
Remuneration, social security and pensions62€176k€146k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A-€387
Gross operating margin9900€314k€181k▼
Operating profit (loss)9901€129k€27k▼
Financial income75/76B€5-
Recurring financial income75€5-
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€124k€20k▼
Income taxes67/77€29k€5k▼
Profit (loss) for the period9904€95k€15k▼
Profit (loss) for the period to be appropriated9905€95k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€146k€66k▼
Profit (loss) brought forward from the previous period14P€51k€51k▲
Profit to be distributed694/7€95k€833▼
Return on contributions (dividend)694€95k€833▼
The notes to these accounts (5 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €127k ▲296%
Operating result €160k, net result €127k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Weakest financial yearnet €-91 ▼103%
Net result drops to €-91, the lowest in the series; recovery starts the following year.
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 82 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Charleroi · 1 establishment unit since 2018
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.
Rue Arcade Douchamps 56001 CharleroiGround area
1,487 m²
Building footprint
479 m²
Volume, LiDAR
5,814 m³
Parcel 52045A0361/00M006, Wallonia · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Ferrari Elec
since 20182.282.920.635
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52045A0361/00M006 | Wallonia | 1,487 m² | 1 · 479 m² | 14.7 m · 4 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.
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SMAPPEE SERVICES
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eHS-projects
BE 0784.922.119
Zoersel · Eq €89k
GAM HIFI
BE 0436.923.632
Wommelgem · Eq €80k
Of 262 companies in sector 27110 we hold annual accounts for 173. 107 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2018
Fiscal year end31-12
Activities, NACEBEL
27110Manufacture of electrical equipment
43211General electrical installation work
33200Installation of industrial machinery and equipment
42220Construction of utility projects for electricity and telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.