FERROMASTERS · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of FERROMASTERS is 1.0% (low). The 2025 annual accounts show equity of €1.33M and a net result of €191k. Its solvency ranks better than 40% of 48 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-04-2026, 95 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	27-04-2026	95 d early	2026-00089072

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Young company

Founded in 2024, under 3 years, statistically higher risk.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.0% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€191k

Working capital€469k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 27-04-2026 with the NBB · fiscal year 2025 · verkort

Sector comparison

Fiscal year 2025 · NACE 25 · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	31.9%	36.6%	better than 40% of 48 sector peers
Net result	€191k	€58k	better than 85% of 48 sector peers
Equity	€1.33M	€286k	better than 92% of 48 sector peers
Gross operating margin	€4.08M	€437k	better than 95% of 48 sector peers
Staff costs	€2.45M	€355k	higher than 95% of 33 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€669k
Net profit	€191k
Cash flow	€511k
Staff costs	€2.45M
Income taxes	€74k
Dividends	-
Total assets	€4.17M
Equity	€1.33M
Debt	€2.84M
of which ≤ 1y	€2.06M
of which > 1y	€759k
Working capital	€469k
Employees (FTE)	36.8

Ratios (computed)

	2025
Current ratio	1.23
Quick ratio	0.70
Working capital ratio	11.3%
Solvency	31.9%
Debt / equity	2.14
Long-term debt ratio	0.57
Interest coverage	7.85
Gross margin	-
Net margin	-
ROA	4.6%
ROE	14.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €1.63M · 39.2% Current assets €2.53M · 60.8%

Equity & liabilities

Equity €1.33M · 31.9% Debt €2.84M · 68.1%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.17M
Fixed assets	21/28	€1.63M
Tangible fixed assets	22/27	€1.63M
Current assets	29/58	€2.53M
Stocks & contracts in progress	3	€1.09M
Amounts receivable within one year	40/41	€1.43M
Cash & bank	54/58	€76
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.17M
Equity	10/15	€1.33M
Contributions / capital	10/11	€10k
Accumulated profits (losses)	14	€41k
Amounts payable	17/49	€2.84M
Amounts payable after one year	17	€759k
Amounts payable within one year	42/48	€2.06M
Trade debts payable within one year	44	€869k
Income statement
Gross operating margin	9900	€4.08M
Operating result	9901	€348k
Financial income	75	€5k
Financial charges	65	€85k
Result before taxes	9903	€265k
Income taxes	67/77	€74k
Net result for the period	9904	€191k
Result to be appropriated	9905	€191k

Ratios computed by Checked.

Health barometer

FY 2025 · computed

73 / 100 Healthy

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

Current directors & mandates

Gentle ArtLegal entity
Director· perm. rep.: DHONT Yves
State Gazette act 26006342 (14-01-2026)

Current
01-06-2025 → present

Former directors (1)

DHONT Yves
Director
State Gazette act 26006342 (14-01-2026)

Former
- → 01-06-2025

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Bewerken van metaal en poedermetallurgie(25402)
Legal form	Private limited company(610)
Incorporation	23-09-2024
Status	Active
Postal code	8501

Structure & network

Connections & network

1 connected company

Group structure

Gentle Art

Sits on the board · 1 subsidiary · 1 location

Control→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party

Control over this companysits on this company's board1

Gentle Art

1 subsidiary · 1 location

controls

FERROMASTERSBE 1013.943.869

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank

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.

Ringlaan(Heu) 178501 Kortrijk

Establishment units

1 location

FERROMASTERS

Ringlaan(Heu) 17, 8501 KortrijkGieten van ijzeren eindproducten en halffabrikaten

since 20242.364.968.777

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2.8 ha

Buildings1

Building footprint1.4 ha

Volume (LiDAR)121,869 m³

Tallest building13.6 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)