FERRODUR
ActiveSummary
FERRODUR has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €281,679 and a net result of -€124,442. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 83 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 5.63 against 10.45 in 2024; short-term debt: 14.8% and cash: 3.1% of total assets), and 14.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 24
Relative position
BE, all sectors
reference
Manufacture of basic metals (NACE 24)
about 47% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€124,442
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 29-01-2026, 91 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
91 d early
2024
49 d early
2023
61 d early
2022
4 d early
2021
30 d early
2020
26 d late
2019
72 d 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 40 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% 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
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€281,679▼ 32.8%
2024 · €419,280
Total assets
€330,680▼ 27.7%
2024 · €457,611
Net result
-€124,442▼ 63.0%
2024 · -€76,324
Working capital
€226,843▼ 37.4%
2024 · €362,230
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 24, Manufacture of basic metals, 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
Line20212022202320242025
Operating result€64,460€147,634▲ 129%€238,801▲ 61.8%-€78,426-€124,906▼ 59.3%
Net result€45,577within the sector's middle half€103,683above the sector's middle half▲ 127%€165,442above the sector's middle half▲ 59.6%-€76,324below the sector's middle half-€124,442below the sector's middle half▼ 63.0%
Equity€488,469within the sector's middle half▼ 5.9%€503,320above the sector's middle half▲ 3.0%€521,920above the sector's middle half▲ 3.7%€419,280above the sector's middle half▼ 19.7%€281,679above the sector's middle half▼ 32.8%
Total assets€613,066below the sector's middle half▲ 8.7%€727,783above the sector's middle half▲ 18.7%€762,643above the sector's middle half▲ 4.8%€457,611within the sector's middle half▼ 40.0%€330,680within the sector's middle half▼ 27.7%
Debt€124,597▲ 178%€224,463▲ 80.2%€240,723▲ 7.2%€38,332▼ 84.1%€49,001▲ 27.8%
Working capital€460,709▲ 2.0%€445,499▼ 3.3%€462,182▲ 3.7%€362,230▼ 21.6%€226,843▼ 37.4%
Solvency79.7%above the sector's middle half▼ 12.4pp69.2%within the sector's middle half▼ 10.5pp68.4%within the sector's middle half▼ 0.7pp91.6%above the sector's middle half▲ 23.2pp85.2%above the sector's middle half▼ 6.4pp
Staff (FTE)3below the sector's middle half▼ 25.0%4▲ 33.3%4=4=3▼ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 24, Manufacture of basic metals, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €124,906 in 2025 against €78,426 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €330,680
Fixed assets
€54,836 ▼ 3.9%
Current assets
€275,844 ▼ 31.1%
Equity and liabilities €330,680
Equity
€281,679 ▼ 32.8%
Debt
€49,001 ▲ 27.8%
Debt's share of the balance-sheet total rises from 8.4% to 14.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€112,672▼
2024 · -€66,918
Cash flow
-€112,209▼
2024 · -€64,817
Current ratio
5.63▼
2024 · 10.45
Quick ratio
5.55▼
2024 · 10.37
Debt to equity
0.17▲
2024 · 0.09
ROE
-44.2%▼
2024 · -18.2%
ROA
-37.6%▼
2024 · -16.7%
Interest coverage
-279.05▼
2024 · -53.12
Debt ≤ 1 year
€49,001▲
2024 · €38,332
Income taxes
€352▲
2024 · -€2,293
Staff costs
€229,085▼
2024 · €238,658
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 5,836 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €219,027 | €236,060 | €238,658 | €229,085 | ▼ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,898 | €21,258 | €19,374 | €11,508 | €12,233 | ▲ 6.3% |
| Other operating charges640/8 | - | €3,666 | €5,139 | €3,409 | €3,733 | ▲ 9.5% |
| Gross operating margin9900 | €297,711 | €391,585 | €499,373 | €175,149 | €120,145 | ▼ 31.4% |
| Operating profit (loss)9901 | €64,460 | €147,634 | €238,801 | -€78,426 | -€124,906 | ▼ 59.3% |
| Financial income75/76B | - | €0 | €981 | €1,068 | €1,219 | ▲ 14.1% |
| Recurring financial income75 | €91 | €0 | €981 | €1,068 | €1,219 | ▲ 14.1% |
| Financial charges65/66B | - | €842 | €1,007 | €1,260 | €404 | ▼ 67.9% |
| Recurring financial charges65 | €297 | €842 | €1,007 | €1,260 | €404 | ▼ 67.9% |
| Profit (loss) for the period before taxes9903 | €64,253 | €146,793 | €238,775 | -€78,617 | -€124,091 | ▼ 57.8% |
| Income taxes67/77 | €18,676 | €43,109 | €73,333 | -€2,293 | €352 | ▲ 115% |
| Profit (loss) for the period9904 | €45,577 | €103,683 | €165,442 | -€76,324 | -€124,442 | ▼ 63.0% |
| Transfer from tax-exempt reserves789 | - | €8,302 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €45,577 | €111,985 | €165,442 | -€76,324 | -€124,442 | ▼ 63.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €613,066 | €727,783 | €762,643 | €457,611 | €330,680 | ▼ 27.7% |
| Fixed assets21/28 | €27,760 | €80,816 | €66,564 | €57,050 | €54,836 | ▼ 3.9% |
| Tangible fixed assets22/27 | €27,549 | €80,605 | €66,353 | €56,839 | €54,625 | ▼ 3.9% |
| Land and buildings22 | - | €757 | - | - | - | - |
| Plant, machinery and equipment23 | - | €79,848 | €66,353 | €56,839 | €54,625 | ▼ 3.9% |
| Financial fixed assets28 | €211 | €211 | €211 | €211 | €211 | = |
| Current assets29/58 | €585,306 | €646,967 | €696,078 | €400,562 | €275,844 | ▼ 31.1% |
| Stocks and contracts in progress3 | €3,215 | €2,875 | €3,318 | €2,955 | €4,102 | ▲ 38.8% |
| Stocks30/36 | - | €2,875 | €3,318 | €2,955 | €4,102 | ▲ 38.8% |
| Amounts receivable within one year40/41 | €188,587 | €184,078 | €206,625 | €136,949 | €121,825 | ▼ 11.0% |
| Trade receivables40 | - | €178,376 | €200,828 | €103,371 | €115,725 | ▲ 12.0% |
| Other amounts receivable41 | - | €5,703 | €5,797 | €33,578 | €6,100 | ▼ 81.8% |
| Current investments50/53 | €313,142 | €265,088 | €265,088 | €195,758 | €134,135 | ▼ 31.5% |
| Cash at bank and in hand54/58 | €79,670 | €190,033 | €215,379 | €60,203 | €10,400 | ▼ 82.7% |
| Deferred charges and accrued income490/1 | - | €4,893 | €5,669 | €4,696 | €5,382 | ▲ 14.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €613,066 | €727,783 | €762,643 | €457,611 | €330,680 | ▼ 27.7% |
| Equity10/15 | €488,469 | €503,320 | €521,920 | €419,280 | €281,679 | ▼ 32.8% |
| Contributions10/11 | €65,857 | €65,857 | €65,857 | €65,857 | €65,857 | = |
| Capital10 | - | €65,857 | €65,857 | €65,857 | €65,857 | = |
| Issued capital100 | - | €65,857 | €65,857 | €65,857 | €65,857 | = |
| Reserves13 | €415,611 | €430,461 | €449,062 | €422,746 | €412,220 | ▼ 2.5% |
| Non-distributable reserves130/1 | - | €6,586 | €6,586 | €6,586 | €6,586 | = |
| Legal reserve130 | - | €6,586 | €6,586 | €6,586 | €6,586 | = |
| Distributable reserves133 | - | €423,876 | €442,476 | €416,160 | €405,634 | ▼ 2.5% |
| Profit (loss) carried forward14 | €7,002 | €7,002 | €7,002 | -€69,323 | -€196,397 | ▼ 183% |
| Amounts payable17/49 | €124,597 | €224,463 | €240,723 | €38,332 | €49,001 | ▲ 27.8% |
| Amounts payable after more than one year17 | - | €22,995 | €6,826 | - | - | - |
| Financial debts170/4 | - | €22,995 | €6,826 | - | - | - |
| Amounts payable within one year42/48 | €124,597 | €201,468 | €233,897 | €38,332 | €49,001 | ▲ 27.8% |
| Current portion of amounts payable after more than one year42 | - | €15,876 | €21,221 | €6,826 | - | - |
| Trade debts44 | €33,210 | €61,356 | €18,832 | €17,886 | €21,690 | ▲ 21.3% |
| Suppliers440/4 | - | €61,356 | €18,832 | €17,886 | €21,690 | ▲ 21.3% |
| Taxes, remuneration and social security45 | - | €58,452 | €69,562 | €8,757 | €23,483 | ▲ 168% |
| Taxes450/3 | - | €43,905 | €58,251 | €8,757 | €13,764 | ▲ 57.2% |
| Remuneration and social security454/9 | - | €14,547 | €11,311 | - | €9,719 | - |
| Other amounts payable47/48 | - | €65,785 | €124,282 | €4,863 | €3,827 | ▼ 21.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,577 | €103,683 | €165,442 | -€76,324 | -€124,442 | ▼ 63.0% |
| + Depreciation and write-downs630 | €39,898 | €21,258 | €19,374 | €11,508 | €12,233 | ▲ 6.3% |
| Operating cash flow (approximation) | €85,475 | €124,941 | €184,816 | -€64,817 | -€112,209 | ▼ 73.1% |
| Investment in fixed assets (approximation) | - | -€74,314 | -€5,122 | -€1,993 | -€10,020 | ▼ 403% |
| Change in cash | - | €110,363 | €25,346 | -€155,176 | -€49,803 | ▲ 67.9% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€124,442
Net result drops to -€124,442, the lowest in the series.
12-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity quadruplescurrent ratio 10.45
Current ratio from 2.98 to 10.45; short-term debt falls from €233,897 to €38,332.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €165,442 ▲59.6%
Net result €165,442, the highest in the series.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €500,000Eq €503,320 ▲3%
2 profitable years in a row build equity to €503,320.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €45,577
Net result €45,577 after one loss-making year.
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
30-09
Financial
Liquidity doublescurrent ratio 11.08
Current ratio from 4.84 to 11.08; short-term debt falls from €117,949 to €44,798.
Show earlier events
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €500,000Eq €556,373 ▲18.3%
2 profitable years in a row build equity to €556,373.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial 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, Halle · 1 establishment unit since 1985
Ground area
2,948 m²
Building footprint
133 m²
Volume, LiDAR
814 m³
2 parcels, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bergensesteenweg 19, 1500 Halle
since 19852.076.728.527
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23043F0175/00L000 | Flanders | 2,908 m² | 1 · 90 m² | 6.4 m · 2 fl. |
| 23027G0578/00B000 | Flanders | 40 m² | 1 · 43 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2023 · 1 entry · 265 EUR awarded · 265 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 265 EUR | 265 EUR |
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Of 191 companies in sector 24100 we hold annual accounts for 136. 82 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-06-1985
Fiscal year end30-09
Activities, NACEBEL 2025
24100Manufacture of basic metals
25510Coating of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427508593
Also
9925:BE0427508593
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.