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FERRERO ARDENNES

Active
Public limited companyfounded 1988active for 38 yearsRue Pietro-Ferrero 5, 6700 Arlon, BelgiumKBO/BCE: BE 0434.445.776
Summary

FERRERO ARDENNES has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170.4m and a net result of €11.7m. Equity is growing by about 3.5% per year across the filed financial years. Its solvency ranks better than 85% of 788 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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FERRERO ARDENNESActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of cocoa, chocolate and sugar confectionery
NACE 10820
Largest employer in the province of Luxembourg, Manufacturing sector1 site
Size
€174.2mturnover 2025
Staff
1,228.1 FTE
Equity
€170.4m
Profit
€11.7m
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
Ferrero International S.A · 99.99%
Board
5 members
Auditor: PricewaterhouseCoopers Réviseurs d'entreprises2025 accounts 36 days early
Why 93raises riskLiquidity: current ratio 0.90, cash €3.5mSector: Manufacture of food products (NACE 10)lowers riskFounded in 1988Equity €170.4m (73.9% of total assets)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 76% of its sector peers (NACE 10, large)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 99+8
equity 73.9% of total assets
Liquidity 42=
short-term debt 25.6% · cash 1.5%
Profitability 83+1
return on assets 5.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (62 companies, NACE 10, large)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.3%▲ +0.1 percentage points vs 02-2025highest value 04-2025: 0.2%▼ -0.1 percentage points vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €15,800,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.9, compared with 0.8 in 2024, below 1; short-term debt: 25.6% and cash: 1.5% of total assets), and 26.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 10, large): better than 97% on solvency, 74% on liquidity, 93% on profitability and 41% on growth.

The bankruptcy probability was computed on 28-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.90, cash €3.5m
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
lowers risk · Equity €170.4m (73.9% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 23-02-2026, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
36 days early
2024
20 days early
2023
13 days early
2022
25 days early
2021
31 days early
2020
50 days early
2019
46 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 32 days before the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-08-2026 is due by 31-03-2027. Nothing is late today. The company usually files around 6 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-08-2026 year end28-10-2026 today31-03-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Permanent representatives: Griet Helsen and Mélanie…Gazette deed
  3. Resignation: Gabriele BERETTA (director)Appointment: Maria CRIVARO (director) ·…

Key points

  • Positive: Largest employer in the province of Luxembourg, Manufacturing sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by Ferrero International S.Aknown shareholders 100% 99.99% View
  • Positive: 7 profitable years in a rowprofit 2025: €11.7m 7 years View
  • A director leftlatest change 30-12-2025 · 5 in office 1 left View
  • Positive: Result rose in 2025from €8.8m to €11.7m ▲ 33.0% View

By topic

Financials

Financial year
2025
Turnover
€174.2m
Profit
€11.7m
Solvency
73.9%
Turnover▼ 3.5%
Net result
20192025
Go to Financials

Board & ownership

Board
5 members
Parent
Ferrero International S.A · 99.99%
Known shareholders
100%
Auditor
PricewaterhouseCoopers Réviseurs d'entreprises
  • Ilario BULGHERONIDirector
  • Alberto CECIDirector
  • Daniele PEROTTINODirector
  • Enrico CARBONIDirector
  • Maria CRIVARODirector
Go to Board & ownership

Timeline

Events
80
Since
1990
Next accounts
by 31-03-2027
  1. 31-08-2025Highest result from 2019 to 2025
  2. 11-03-2025Annual accounts filed
  3. 03-03-2025Reappointment: PricewaterhouseCoopers Réviseurs d'Entreprises (statutory auditor)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of cocoa, chocolate and sugar confectioneryNACE 10820
Founded
27-05-1988
Year ends
31-08
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
“Le développement, la production et la commercialisation de produits dans le secteur de la…” (deed in French)
Go to Articles of association

Key facts about FERRERO ARDENNES

What is the company number of FERRERO ARDENNES?
0434.445.776. In Belgium the VAT number is the company number with BE in front: BE 0434.445.776.
Where is FERRERO ARDENNES based?
The registered office is at Rue Pietro-Ferrero 5, 6700 Arlon.Company details
What does FERRERO ARDENNES do?
According to the KBO register, the main activity is manufacture of cocoa, chocolate and sugar confectionery (NACE 10820).
What is the legal form of FERRERO ARDENNES?
Public limited company (NV).
When was FERRERO ARDENNES founded?
On 27-05-1988.
Is FERRERO ARDENNES still active?
Yes, FERRERO ARDENNES is an active enterprise in the KBO register.
How many employees does FERRERO ARDENNES have?
On average 1,228.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of FERRERO ARDENNES?
€174.2m in financial year 2025, according to the filed annual accounts.
Is FERRERO ARDENNES profitable?
In financial year 2025, FERRERO ARDENNES made a profit of €11.7m.
Where can I find the annual accounts of FERRERO ARDENNES?
FERRERO ARDENNES filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FERRERO ARDENNES due?
By 31-03-2027, for financial year 2026.Timeline

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