Ferret
ActiveSummary
The computed 12-month bankruptcy probability of Ferret is 2.0% (moderate). The 2025 annual accounts show equity of €58,379 and a net result of €21,284. Equity is growing by ~30.3% per year across the filed fiscal years. Its solvency ranks better than 77% of 7564 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+28
Solvency94▲+37
Growth52=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 3.43 against 0.57 in 2024; short-term debt: 27.3% and cash: 5.2% of total assets), and 31.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
68.9%
Return on assets
25.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-03-2026, 52 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
52 d early
2024
51 d early
2023
55 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 53 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€58,379▲ 53.8%
2024 · €37,954
Total assets
€84,719▼ 28.3%
2024 · €118,106
Net result
€21,284▲ 527%
2024 · €3,395
Working capital
€56,129
2024 · -€13,809
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€46,223-€8,973▼ 80.6%€27,636▲ 208%
Net result€32,159above the sector's middle half-€3,395within the sector's middle half▼ 89.4%€21,284within the sector's middle half▲ 527%
Equity€35,359within the sector's middle half-€37,954within the sector's middle half▲ 7.3%€58,379within the sector's middle half▲ 53.8%
Total assets€187,394within the sector's middle half-€118,106within the sector's middle half▼ 37.0%€84,719within the sector's middle half▼ 28.3%
Debt€152,035-€80,152▼ 47.3%€26,340▼ 67.1%
Working capital-€57--€13,809▼ 24,126%€56,129
Solvency18.9%within the sector's middle half-32.1%within the sector's middle half▲ 13.3pp68.9%above the sector's middle half▲ 36.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 208% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84,719
Fixed assets
€5,466 ▼ 94.5%
Current assets
€79,253 ▲ 332%
Equity and liabilities €84,719
Equity
€58,379 ▲ 53.8%
Debt
€26,340 ▼ 67.1%
Debt's share of the balance-sheet total falls from 67.9% to 31.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,136▼
2024 · €38,718
Cash flow
€21,784▼
2024 · €33,140
Current ratio
3.43▲
2024 · 0.57
Quick ratio
3.33▲
2024 · 0.39
Debt to equity
0.45▼
2024 · 2.11
ROE
36.5%▲
2024 · 8.9%
ROA
25.1%▲
2024 · 2.9%
Interest coverage
12.56▲
2024 · 10.47
Debt ≤ 1 year
€23,124▼
2024 · €32,138
Income taxes
€5,561▲
2024 · €1,879
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,719 | €29,745 | €500 | ▼ 98.3% |
| Other operating charges640/8 | €683 | €1,864 | €471 | ▼ 74.7% |
| Non-recurring operating charges66A | €3,550 | - | - | - |
| Gross operating margin9900 | €64,175 | €40,582 | €28,607 | ▼ 29.5% |
| Operating profit (loss)9901 | €46,223 | €8,973 | €27,636 | ▲ 208% |
| Financial income75/76B | €114 | - | €1,449 | - |
| Recurring financial income75 | €114 | - | €1,449 | - |
| Financial charges65/66B | €2,387 | €3,699 | €2,240 | ▼ 39.4% |
| Recurring financial charges65 | €2,387 | €3,699 | €2,240 | ▼ 39.4% |
| Profit (loss) for the period before taxes9903 | €43,950 | €5,274 | €26,845 | ▲ 409% |
| Income taxes67/77 | €11,791 | €1,879 | €5,561 | ▲ 196% |
| Profit (loss) for the period9904 | €32,159 | €3,395 | €21,284 | ▲ 527% |
| Profit (loss) for the period to be appropriated9905 | €32,159 | €3,395 | €21,284 | ▲ 527% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €187,394 | €118,106 | €84,719 | ▼ 28.3% |
| Fixed assets21/28 | €89,700 | €99,777 | €5,466 | ▼ 94.5% |
| Tangible fixed assets22/27 | €89,700 | €99,777 | €5,466 | ▼ 94.5% |
| Plant, machinery and equipment23 | €45,338 | €33,533 | €5,466 | ▼ 83.7% |
| Furniture and vehicles24 | €44,362 | €66,244 | - | - |
| Current assets29/58 | €97,694 | €18,329 | €79,253 | ▲ 332% |
| Stocks and contracts in progress3 | €1,750 | €5,750 | €2,332 | ▼ 59.4% |
| Stocks30/36 | €1,750 | €5,750 | €2,332 | ▼ 59.4% |
| Amounts receivable within one year40/41 | €68,985 | €4,380 | €72,474 | ▲ 1,555% |
| Trade receivables40 | €68,685 | €752 | €72,129 | ▲ 9,492% |
| Other amounts receivable41 | €300 | €3,628 | €345 | ▼ 90.5% |
| Cash at bank and in hand54/58 | €26,354 | €7,431 | €4,447 | ▼ 40.2% |
| Deferred charges and accrued income490/1 | €605 | €768 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €187,394 | €118,106 | €84,719 | ▼ 28.3% |
| Equity10/15 | €35,359 | €37,954 | €58,379 | ▲ 53.8% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €31,359 | €33,954 | €33,954 | = |
| Distributable reserves133 | €31,359 | €33,954 | €33,954 | = |
| Profit (loss) carried forward14 | - | - | €20,425 | - |
| Amounts payable17/49 | €152,035 | €80,152 | €26,340 | ▼ 67.1% |
| Amounts payable after more than one year17 | €52,964 | €48,014 | - | - |
| Financial debts170/4 | €52,964 | €48,014 | - | - |
| Amounts payable within one year42/48 | €97,751 | €32,138 | €23,124 | ▼ 28.0% |
| Current portion of amounts payable after more than one year42 | €10,909 | €16,400 | - | - |
| Trade debts44 | €32,013 | €11,315 | €2,948 | ▼ 73.9% |
| Suppliers440/4 | €32,013 | €11,315 | €2,948 | ▼ 73.9% |
| Taxes, remuneration and social security45 | €13,563 | - | €4,604 | - |
| Taxes450/3 | €13,563 | - | €4,604 | - |
| Other amounts payable47/48 | €41,266 | €4,423 | €15,572 | ▲ 252% |
| Accrued charges and deferred income492/3 | €1,320 | - | €3,216 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,159 | €3,395 | €21,284 | ▲ 527% |
| + Depreciation and write-downs630 | €13,719 | €29,745 | €500 | ▼ 98.3% |
| Operating cash flow (approximation) | €45,878 | €33,140 | €21,784 | ▼ 34.3% |
| Investment in fixed assets (approximation) | - | -€39,822 | €93,811 | ▲ 336% |
| Change in cash | - | -€18,923 | -€2,984 | ▲ 84.2% |
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
Next filing, fiscal year 2026, expected by
2026
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity times 6current ratio 3.43
Current ratio from 0.57 to 3.43; short-term debt falls from €32,138 to €23,124.
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €3,395 ▼89.4%
Net result drops to €3,395, the lowest in the series; recovery starts the following year.
06-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wevelgem · 1 establishment unit since 2022
Ground area
739 m²
Building footprint
95 m²
Volume, LiDAR
516 m³
Parcel 34029A0178/00G000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Ferret
since 20222.338.788.873
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34029A0178/00G000 | Flanders | 739 m² | 1 · 95 m² | 8.3 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 491 EUR awarded · 491 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 195 EUR | 195 EUR |
| 2024 | 1 | 296 EUR | 296 EUR |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,171 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-12-2022
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
01480Raising of other animals
43910Bricklaying and masonry work
43990Other specialised construction activities
47120Other non-specialised retail sale
47762Retail sale of pets, pet food and pet supplies
96995Pet boarding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794528879
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.