FERRIN TMJ
ActiveThe computed 12-month bankruptcy probability of FERRIN TMJ is 2.3% (moderate). The 2024 annual accounts show equity of €4k and a net result of €-75k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 10% of 1329 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
7
/ 100
Critical▼ -72 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-40
Solvency9▼-43
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 1.43 in 2023), and 98.1% 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.
+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 · 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 2024Solvency, return and age of the figures
Solvency
1.9%
Return on assets
-38.2%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1329 sector peers (2024).
NBB · sector comparisonPosition among 1329 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-05-2026, 291 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
291 d late
2023
198 d late
2022
143 d late
2021
121 d late
2020
172 d late
2019
132 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-75k
2023 · €6k
2019: €56k
2020: €17k
2021: €119k
2022: €-97k
2023: €6k
2019 → 2024
Working capital
€-24k
2023 · €69k
2019: €33k
2020: €76k
2021: €31k
2022: €-1k
2023: €69k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€69k-€169k▲ 145%€72k▼ 57.3%€79k▲ 8.6%€4k▼ 95.4%
Operating result€26k-€152k▲ 496%€-96k€13k€-78k
Net result€17k-€119k▲ 597%€-97k€6k€-75k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €78k after €13k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €196k
Fixed assets
€41k▼ 27.0%
Current assets
€154k▼ 32.8%
Equity and liabilities €196k
Equity
€4k▼ 95.4%
Debt
€192k▼ 7.7%
The debt ratio rises from 72.6% to 98.1%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-36k▼
2023 · €83k
Cash flow
€-33k▼
2023 · €76k
Solvency
1.9%▼
2023 · 27.4%
Current ratio
0.87▼
2023 · 1.43
Quick ratio
0.87▼
2023 · 1.24
Debt / equity
52.70▲
2023 · 2.65
ROA
-38.2%▼
2023 · 2.2%
Interest coverage
-8.29▼
2023 · 6.16
Debt
€192k▼
2023 · €208k
Debt ≤ 1 year
€179k▲
2023 · €161k
Debt > 1 year
€14k▼
2023 · €47k
Income taxes
€0▼
2023 · €79
Staff costs
€21k▼
2023 · €102k
A ratio outside any meaningful range has been withheld (balance sheet total €196k, equity €4k).
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€287k€196k▼
Fixed assets21/28€57k€41k▼
Tangible fixed assets22/27€57k€41k▼
Plant, machinery and equipment23€25k€31k▲
Furniture and vehicles24€32k€10k▼
Current assets29/58€230k€154k▼
Stocks and contracts in progress3€30k€0▼
Stocks30/36€30k€0▼
Amounts receivable within one year40/41€191k€121k▼
Trade receivables40€20k€17k▼
Other amounts receivable41€171k€104k▼
Cash at bank and in hand54/58€9k€33k▲
Deferred charges and accrued income490/1€633€633=
Equity and liabilities
Total equity and liabilities10/49€287k€196k▼
Equity10/15€79k€4k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€71k€-4k▼
Amounts payable17/49€208k€192k▼
Amounts payable after more than one year17€47k€14k▼
Financial debts170/4€47k€14k▼
Amounts payable within one year42/48€161k€179k▲
Current portion of amounts payable after more than one year42€34k€33k▼
Trade debts44€31k€24k▼
Suppliers440/4€31k€24k▼
Taxes, remuneration and social security45€72k€71k▼
Taxes450/3€36k€46k▲
Remuneration and social security454/9€36k€25k▼
Other amounts payable47/48€25k€50k▲
Income statement
Code20232024
Remuneration, social security and pensions62€102k€21k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€42k▼
Other operating charges640/8€13k€16k▲
Gross operating margin9900€198k€994▼
Operating profit (loss)9901€13k€-78k▼
Financial income75/76B€7k€8k▲
Recurring financial income75€7k€8k▲
Financial charges65/66B€13k€4k▼
Recurring financial charges65€13k€4k▼
Profit (loss) for the period before taxes9903€6k€-75k▼
Income taxes67/77€79€0▼
Profit (loss) for the period9904€6k€-75k▼
Profit (loss) for the period to be appropriated9905€6k€-75k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€-4k▼
Profit (loss) brought forward from the previous period14P€64k€71k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 291 days late
2025
14-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 198 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 143 days late
2022
31-12
Financial
Weakest financial yearnet €-97k ▼181%
Net result drops to €-97k, the lowest in the series; recovery starts the following year.
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 121 days late
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 172 days late
2021
31-12
Financial
Highest result since 2019net €119k ▲597%
Operating result €152k, net result €119k, both a record.
31-12
Financial
Equity above €150kEq €169k ▲145%
3 profitable years in a row build equity to €169k.
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 132 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wasseiges · 1 establishment unit since 2019
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 de Page(M) 374219 WasseigesGround area
6,679 m²
Building footprint
161 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
FERRIN TMJ
since 20192.283.494.222
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64048A0032/00D000 | Wallonia | 4,788 m² | 1 · 68 m² | - |
| 64048B0289/00L000 | Wallonia | 1,891 m² | 1 · 93 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,316 companies in sector 42110 we hold annual accounts for 1,086. 174 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-01-2019
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
42211Civil engineering
42212Civil engineering
43120Site preparation
43230Insulation installation
43291Specialised construction activities
43910Bricklaying and masonry work
43992Specialised construction activities
43994Specialised construction activities
81220Other building cleaning and industrial cleaning
81300Landscape service activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:samuel.ferrin@gmail.com
Phone:+32497536664