FERROMATRIX
ActiveSummary
FERROMATRIX has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.5m and a net result of -€343,306. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 94% of 70 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▼-44
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340,000 at 30 days acceptable
Liquidity ample (current ratio 7.66 against 8.09 in 2024; short-term debt: 13% of total assets), and 13.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 →
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
86.9%
Return on assets
-6.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
51 d early
2023
57 d early
2022
56 d early
2021
69 d early
2020
61 d early
2019
58 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 59 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€3.7m▼ 14.2%
2023 · €4.3m
EBIT margin
12.0%▲ 0.4pp
2023 · 11.6%
Net result
-€343,306
2024 · €599,044
Working capital
€4.5m▼ 7.1%
2024 · €4.8m
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
Turnover€7.0m▼ 30.1%€7.0m▲ 0.3%€4.3m▼ 38.7%€3.7m▼ 14.2%
Operating result€457,932▲ 488%€710,541▲ 55.2%€498,358▼ 29.9%€444,270▼ 10.9%-€20,988
Net result€454,636within the sector's middle half▲ 587%-€554,112below the sector's middle half-€26,356below the sector's middle half▲ 95.2%€599,044within the sector's middle half-€343,306below the sector's middle half
EBIT margin6.5%▲ 5.8pp10.1%▲ 3.6pp11.6%▲ 1.5pp12.0%▲ 0.4pp
Equity€4.8mwithin the sector's middle half▲ 10.5%€4.3mwithin the sector's middle half▼ 11.5%€4.2mwithin the sector's middle half▼ 0.6%€4.8mwithin the sector's middle half▲ 14.2%€4.5mabove the sector's middle half▼ 7.1%
Total assets€6.1mwithin the sector's middle half▲ 12.9%€5.1mwithin the sector's middle half▼ 16.8%€5.3mwithin the sector's middle half▲ 4.3%€5.5mwithin the sector's middle half▲ 3.8%€5.2mabove the sector's middle half▼ 6.4%
Debt€1.3m▲ 25.4%€834,839▼ 36.1%€1.1m▲ 29.4%€682,201▼ 36.8%€673,749▼ 1.2%
Working capital€4.8mwithin the sector's middle half▲ 10.2%€4.3mwithin the sector's middle half▼ 11.4%€4.2mwithin the sector's middle half▼ 0.6%€4.8mwithin the sector's middle half▲ 14.2%€4.5mabove the sector's middle half▼ 7.1%
Solvency78.5%above the sector's middle half▼ 1.8pp83.6%above the sector's middle half▲ 5.0pp79.6%above the sector's middle half▼ 3.9pp87.6%above the sector's middle half▲ 8.0pp86.9%above the sector's middle half▼ 0.7pp
Current ratio4.68above the sector's middle half▼ 0.516.10above the sector's middle half▲ 1.424.92above the sector's middle half▼ 1.188.09above the sector's middle half▲ 3.177.66above the sector's middle half▼ 0.42
Return on assets (ROA)7.4%within the sector's middle half▲ 6.2pp-10.9%below the sector's middle half▼ 18.3pp-0.5%within the sector's middle half▲ 10.4pp10.9%above the sector's middle half▲ 11.4pp-6.7%below the sector's middle half▼ 17.5pp
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20,988 after €444,270 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €5.2m
Equity
€4.5m ▼ 7.1%
Debt
€673,749 ▼ 1.2%
Debt's share of the balance-sheet total rises from 12.4% to 13.1%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.15▲
2024 · 0.14
ROE
-7.7%▼
2024 · 12.4%
Debt ≤ 1 year
€672,488▼
2024 · €680,796
Income taxes
€438,044
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 8,611 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €7.0m | €7.0m | €4.3m | €3.7m | - | - |
| Turnover70 | €7.0m | €7.0m | €4.3m | €3.7m | - | - |
| Other operating income74 | €120 | €2,116 | €19,176 | €26,038 | - | - |
| Operating charges60/66A | €6.5m | €6.3m | €3.8m | €3.3m | - | - |
| Goods for resale, raw materials and consumables60 | €5.8m | €5.8m | €3.6m | €3.2m | - | - |
| Purchases600/8 | €5.8m | €5.8m | €3.6m | €3.2m | - | - |
| Services and other goods61 | €339,169 | €290,179 | €216,026 | €107,133 | - | - |
| Remuneration, social security and pensions62 | €17,878 | €3,581 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,000 | €10,000 | €0 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €400,000 | -€1.6m | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€19,817 | -€5,404 | -€893 | - | - | - |
| Other operating charges640/8 | €1,160 | €1.8m | €2,047 | €10,718 | €2,206 | ▼ 79.4% |
| Gross operating margin9900 | - | - | - | - | -€18,782 | - |
| Operating profit (loss)9901 | €457,932 | €710,541 | €498,358 | €444,270 | -€20,988 | ▼ 105% |
| Financial income75/76B | €1,211 | €12 | €146,437 | €156,169 | €116,728 | ▼ 25.3% |
| Recurring financial income75 | €1,211 | €12 | €146,437 | €156,169 | €116,728 | ▼ 25.3% |
| Income from current assets751 | - | - | €146,412 | €156,169 | - | - |
| Other financial income752/9 | €1,211 | €12 | €25 | - | - | - |
| Financial charges65/66B | €4,507 | €1,117 | €1,244 | €1,396 | €1,002 | ▼ 28.2% |
| Recurring financial charges65 | €4,507 | €1,117 | €1,244 | €1,396 | €1,002 | ▼ 28.2% |
| Debt charges650 | €3,500 | €51 | - | - | - | - |
| Other financial charges652/9 | €1,007 | €1,066 | €1,244 | €1,396 | - | - |
| Profit (loss) for the period before taxes9903 | €454,636 | €709,436 | €643,551 | €599,044 | €94,738 | ▼ 84.2% |
| Income taxes67/77 | - | €1.3m | €669,907 | - | €438,044 | - |
| Taxes670/3 | €733,056 | €1.3m | €669,907 | - | - | - |
| Tax adjustments and reversals of tax provisions77 | €733,056 | - | - | - | - | - |
| Profit (loss) for the period9904 | €454,636 | -€554,112 | -€26,356 | €599,044 | -€343,306 | ▼ 157% |
| Profit (loss) for the period to be appropriated9905 | €454,636 | -€554,112 | -€26,356 | €599,044 | -€343,306 | ▼ 157% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.1m | €5.1m | €5.3m | €5.5m | €5.2m | ▼ 6.4% |
| Fixed assets21/28 | €10,000 | €0 | - | - | - | - |
| Intangible fixed assets21 | €10,000 | €0 | - | - | - | - |
| Current assets29/58 | €6.1m | €5.1m | €5.3m | €5.5m | €5.2m | ▼ 6.4% |
| Amounts receivable within one year40/41 | €5.8m | €5.0m | €5.2m | €5.4m | €5.1m | ▼ 5.1% |
| Trade receivables40 | €2.4m | €1.5m | €1.4m | €87,482 | - | - |
| Other amounts receivable41 | €3.3m | €3.5m | €3.8m | €5.3m | €5.1m | ▼ 3.5% |
| Cash at bank and in hand54/58 | €345,263 | €70,655 | €39,251 | €64,557 | - | - |
| Deferred charges and accrued income490/1 | - | - | €38,207 | €39,413 | €25,225 | ▼ 36.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.1m | €5.1m | €5.3m | €5.5m | €5.2m | ▼ 6.4% |
| Equity10/15 | €4.8m | €4.3m | €4.2m | €4.8m | €4.5m | ▼ 7.1% |
| Contributions10/11 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Capital10 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Issued capital100 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Reserves13 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Non-distributable reserves130/1 | €184,889 | €184,889 | €184,889 | €184,889 | €184,889 | = |
| Legal reserve130 | €184,889 | €184,889 | €184,889 | €184,889 | €184,889 | = |
| Tax-exempt reserves132 | €23,975 | €23,975 | €23,975 | €23,975 | €23,975 | = |
| Distributable reserves133 | €2.7m | €2.7m | €2.7m | €2.8m | €2.8m | = |
| Profit (loss) carried forward14 | - | -€554,112 | -€580,468 | - | -€343,306 | - |
| Provisions and deferred taxes16 | €6,297 | €893 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €6,297 | €893 | - | - | - | - |
| Pensions and similar obligations160 | €6,297 | €893 | - | - | - | - |
| Amounts payable17/49 | €1.3m | €834,839 | €1.1m | €682,201 | €673,749 | ▼ 1.2% |
| Amounts payable within one year42/48 | €1.3m | €833,712 | €1.1m | €680,796 | €672,488 | ▼ 1.2% |
| Trade debts44 | €412,594 | €78,032 | €277,096 | - | €2,582 | - |
| Suppliers440/4 | €412,594 | €78,032 | €277,096 | - | €2,582 | - |
| Advances received on contracts in progress46 | €20,925 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €735,614 | €647,622 | €669,947 | €669,907 | €669,907 | = |
| Taxes450/3 | €733,347 | €647,581 | €669,907 | €669,907 | €669,907 | = |
| Remuneration and social security454/9 | €2,267 | €41 | €41 | - | - | - |
| Other amounts payable47/48 | €136,710 | €108,058 | €131,772 | €10,889 | - | - |
| Accrued charges and deferred income492/3 | €43 | €1,127 | €1,140 | €1,405 | €1,261 | ▼ 10.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €454,636 | -€554,112 | -€26,356 | €599,044 | -€343,306 | ▼ 157% |
| + Depreciation and write-downs630 | €10,000 | €10,000 | €0 | - | - | - |
| Operating cash flow (approximation) | €464,636 | -€544,112 | -€26,356 | €599,044 | -€343,306 | ▼ 157% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€274,608 | -€31,404 | €25,307 | - | - |
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
29-06
State Gazette act
Reappointment: Charles Beauduin (director)Resignation: Marc Delepierre (director)3 facts ▸
State Gazette act
Reappointment: Charles Beauduin (director)
Resignation: Marc Delepierre (director)3 facts ▸
- General meeting, 12-05-2026
- Director reappointment, Charles Beauduin (director)
- Director resignation, Marc Delepierre (director)
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €599,044
Net result €599,044 after 2 loss-making years.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€554,112
Net result drops to -€554,112, the lowest in the series; recovery starts the following year.
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity triplescurrent ratio 5.18
Current ratio from 1.91 to 5.18; short-term debt falls from €4.7m to €1.0m.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 21 acts read
About the unread acts
Of the 21 Belgian State Gazette acts we know for this company, 1 has been read. The other 20 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Charles Beauduin
CurrentDirector
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
20 of this company's 21 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1988
Ground area
7,200 m²
Building footprint
5,886 m²
Volume, LiDAR
53,621 m³
Parcel 34026A0123/00F008, Flanders · tallest building 15.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Michel Vandewielestraat(Mar) 7, 8510 Kortrijk
since 19882.033.940.342
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0123/00F008 | Flanders | 7,200 m² | 1 · 5,885 m² | 15.9 m · 3 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Charles Beauduin |
|
| Marc Delepierre |
|
Structure & network
Part of the group
VANDEWIELE GROUP
12 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
- VANDEWIELE GROUP
- FERROMATRIX
Highest known parent: VANDEWIELE GROUP. The sources do not say who stands above it.
Owners 2
-
90%
-
10%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of FERROMATRIX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
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Shareholding
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Of 54 companies in sector 24510 we hold annual accounts for 44. 23 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
Founded08-12-1987
Fiscal year end31-12
Activities, NACEBEL 2025
24510Manufacture of basic metals
28940Manufacture of machinery and equipment not elsewhere classified
46412Wholesale of household textiles and bedding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432779356
Also
9925:BE0432779356
Registered
12-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.