FERRAWAL
ActiveSummary
The computed 12-month bankruptcy probability of FERRAWAL is 10.2% (high). For FERRAWAL, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€72,655) and a net result of -€36,661. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2016 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0=
Solvency0=
Growth55▲+23
Track record92
Bankruptcy probability, 12 months
10.2%
High
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
-149.3%
Return on assets
-75.3%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 23-12-2024, 145 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
145 d late
2022
31 d early
2021
24 d late
2019
87 d late
2018
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 50 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2023, micro schema
Turnover
€21,748▲ 104%
2022 · €10,685
EBIT margin
-166.8%▲ 103.2pp
2022 · -270.0%
Net result
-€36,661▼ 26.6%
2022 · -€28,952
Working capital
-€84,946▼ 136%
2022 · -€35,994
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202120222023
Turnover€10,685€21,748▲ 104%
Operating result€323--€28,853-€36,274▼ 25.7%
Net result€232--€28,952-€36,661▼ 26.6%
EBIT margin-270.0%-166.8%▲ 103.2pp
Equity-€5,012--€5,296▼ 5.7%-€7,042--€35,994▼ 411%-€72,655▼ 102%
Total assets€152-€335▲ 121%€3,842-€8,824▲ 130%€48,664▲ 451%
Debt€5,163-€5,631▲ 9.1%€10,884-€44,818▲ 312%€121,319▲ 171%
Working capital-€5,012--€5,296▼ 5.7%-€7,042--€35,994▼ 411%-€84,946▼ 136%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36,274 in 2023 against €28,853 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
Assets €48,664
Fixed assets
€12,291
Current assets
€36,373
Key figures and ratios
Solvency
-149.3%▲
2022 · -407.9%
Current ratio
0.30▲
2022 · 0.20
Debt to equity
-1.67▼
2022 · -1.25
ROA
-75.3%▲
2022 · -328.1%
Debt ≤ 1 year
€121,319▲
2022 · €44,818
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €10,685 | €21,748 | ▲ 104% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €39,538 | €58,018 | ▲ 46.7% |
| Gross operating margin9900 | - | - | €323 | -€28,853 | -€36,274 | ▼ 25.7% |
| Operating profit (loss)9901 | - | - | €323 | -€28,853 | -€36,274 | ▼ 25.7% |
| Financial income75/76B | - | - | - | - | €50 | - |
| Recurring financial income75 | - | - | - | - | €50 | - |
| Financial charges65/66B | - | - | €91 | €99 | €437 | ▲ 341% |
| Recurring financial charges65 | - | - | €91 | €99 | €437 | ▲ 341% |
| Profit (loss) for the period before taxes9903 | - | - | €232 | -€28,952 | -€36,661 | ▼ 26.6% |
| Profit (loss) for the period9904 | - | - | €232 | -€28,952 | -€36,661 | ▼ 26.6% |
| Profit (loss) for the period to be appropriated9905 | - | - | €232 | -€28,952 | -€36,661 | ▼ 26.6% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152 | €335 | €3,842 | €8,824 | €48,664 | ▲ 451% |
| Fixed assets21/28 | - | - | - | - | €12,291 | - |
| Tangible fixed assets22/27 | - | - | - | - | €12,291 | - |
| Furniture and vehicles24 | - | - | - | - | €12,291 | - |
| Current assets29/58 | €152 | €335 | €3,842 | €8,824 | €36,373 | ▲ 312% |
| Amounts receivable within one year40/41 | €152 | €335 | €2,905 | €8,710 | €32,410 | ▲ 272% |
| Trade receivables40 | - | - | - | €2,605 | €28,921 | ▲ 1,010% |
| Other amounts receivable41 | - | - | €2,905 | €6,105 | €3,489 | ▼ 42.8% |
| Cash at bank and in hand54/58 | - | - | €937 | €115 | €3,963 | ▲ 3,358% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152 | €335 | €3,842 | €8,824 | €48,664 | ▲ 451% |
| Equity10/15 | -€5,012 | -€5,296 | -€7,042 | -€35,994 | -€72,655 | ▼ 102% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €284 | - | €284 | €284 | €284 | ▼ 0.2% |
| Non-distributable reserves130/1 | - | - | €284 | €284 | €284 | ▼ 0.2% |
| Legal reserve130 | - | - | €284 | €284 | €284 | ▼ 0.2% |
| Profit (loss) carried forward14 | -€23,896 | -€23,896 | -€25,926 | -€54,878 | -€91,539 | ▼ 66.8% |
| Amounts payable17/49 | €5,163 | €5,631 | €10,884 | €44,818 | €121,319 | ▲ 171% |
| Amounts payable within one year42/48 | €5,163 | €5,631 | €10,884 | €44,818 | €121,319 | ▲ 171% |
| Trade debts44 | €349 | - | €1,245 | - | €370 | - |
| Suppliers440/4 | - | - | €1,245 | - | €370 | - |
| Other amounts payable47/48 | - | - | €9,639 | €44,818 | €120,949 | ▲ 170% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | - | €232 | -€28,952 | -€36,661 | ▼ 26.6% |
| Operating cash flow (approximation) | - | - | €232 | -€28,952 | -€36,661 | ▼ 26.6% |
| Change in cash | - | - | - | -€822 | €3,848 | ▲ 568% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
10-11
KBO administration
Address struck
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 145 days late
2023
31-12
Financial
Weakest financial yearnet -€36,661
Net result drops to -€36,661, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tubize · 1 establishment unit since 2016
Ground area
109 m²
Building footprint
61 m²
Volume, LiDAR
377 m³
Parcel 25019B0009/00Z000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20162.255.843.876
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25019B0009/00Z000 | Wallonia | 109 m² | 1 · 61 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-2016
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.