FERROTECH
ActiveSummary
The computed 12-month bankruptcy probability of FERROTECH is 1.5% (moderate). The 2025 annual accounts show equity of €42,464 and a net result of €3,479. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 20% of 1913 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-30
Solvency41▲+3
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.09 in 2024; short-term debt: 41.1% and cash: 0% of total assets), and 84% of the assets are financed with debt.
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Signals
Six 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
16%
Return on assets
1.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1913 sector peers (2025).
NBB · sector comparisonPosition among 1913 sector peers
Solvency
better than 20%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €42,464
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 22-07-2026, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
9 d early
2024
26 d late
2023
29 d late
2022
30 d late
2021
24 d late
2020
29 d early
2019
17 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 8 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€42,464▲ 8.9%
2024 · €38,985
Total assets
€265,011▼ 10.1%
2024 · €294,928
Net result
€3,479▼ 87.5%
2024 · €27,743
Working capital
-€565
2024 · €10,445
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€35,376▲ 67.6%-€46,317€28,074€40,819▲ 45.4%€19,078▼ 53.3%
Net result€13,072within the sector's middle half▲ 76.1%-€63,177below the sector's middle half€14,676within the sector's middle half€27,743within the sector's middle half▲ 89.0%€3,479within the sector's middle half▼ 87.5%
Equity€59,743within the sector's middle half▲ 28.0%-€3,434below the sector's middle half€11,242below the sector's middle half€38,985within the sector's middle half▲ 247%€42,464within the sector's middle half▲ 8.9%
Total assets€306,098within the sector's middle half▲ 35.9%€319,742within the sector's middle half▲ 4.5%€367,133within the sector's middle half▲ 14.8%€294,928within the sector's middle half▼ 19.7%€265,011within the sector's middle half▼ 10.1%
Debt€246,355▲ 38.0%€323,175▲ 31.2%€355,891▲ 10.1%€255,943▼ 28.1%€222,547▼ 13.0%
Working capital€29,599▲ 286%-€24,563-€24,216▲ 1.4%€10,445-€565
Solvency19.5%within the sector's middle half▼ 1.2pp-1.1%below the sector's middle half▼ 20.6pp3.1%below the sector's middle half▲ 4.1pp13.2%below the sector's middle half▲ 10.2pp16.0%below the sector's middle half▲ 2.8pp
Staff (FTE)2.5▲ 78.6%2.4▼ 4.0%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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 falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265,011
Fixed assets
€156,638 ▼ 9.8%
Current assets
€108,373 ▼ 10.6%
Equity and liabilities €265,011
Equity
€42,464 ▲ 8.9%
Debt
€222,547 ▼ 13.0%
Debt's share of the balance-sheet total falls from 86.8% to 84.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,084▼
2024 · €64,177
Cash flow
€24,484▼
2024 · €51,101
Current ratio
0.99▼
2024 · 1.09
Quick ratio
0.87▲
2024 · 0.81
Debt to equity
5.24▼
2024 · 6.57
ROE
8.2%▼
2024 · 71.2%
ROA
1.3%▼
2024 · 9.4%
Interest coverage
2.86▼
2024 · 5.24
Debt ≤ 1 year
€108,938▼
2024 · €110,839
Debt > 1 year
€113,609▼
2024 · €145,104
Income taxes
€2,830▲
2024 · €1,167
Staff costs
€4,410▲
2024 · €1,092
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,058 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 3,270 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 | €93,216 | €75,295 | €656 | €1,092 | €4,410 | ▲ 304% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,723 | €45,197 | €39,276 | €23,359 | €21,005 | ▼ 10.1% |
| Other operating charges640/8 | €9,845 | €4,340 | €3,999 | €20,290 | €3,456 | ▼ 83.0% |
| Gross operating margin9900 | €178,159 | €78,515 | €72,005 | €85,560 | €47,949 | ▼ 44.0% |
| Operating profit (loss)9901 | €35,376 | -€46,317 | €28,074 | €40,819 | €19,078 | ▼ 53.3% |
| Financial income75/76B | €931 | €11 | €1,291 | €347 | €1,236 | ▲ 256% |
| Recurring financial income75 | €931 | €11 | €1,291 | €347 | €1,236 | ▲ 256% |
| Financial charges65/66B | €16,296 | €16,463 | €14,311 | €12,256 | €14,005 | ▲ 14.3% |
| Recurring financial charges65 | €16,296 | €16,463 | €14,311 | €12,256 | €14,005 | ▲ 14.3% |
| Profit (loss) for the period before taxes9903 | €20,010 | -€62,769 | €15,054 | €28,910 | €6,309 | ▼ 78.2% |
| Income taxes67/77 | €6,938 | €408 | €378 | €1,167 | €2,830 | ▲ 142% |
| Profit (loss) for the period9904 | €13,072 | -€63,177 | €14,676 | €27,743 | €3,479 | ▼ 87.5% |
| Profit (loss) for the period to be appropriated9905 | €13,072 | -€63,177 | €14,676 | €27,743 | €3,479 | ▼ 87.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €306,098 | €319,742 | €367,133 | €294,928 | €265,011 | ▼ 10.1% |
| Fixed assets21/28 | €116,661 | €222,896 | €225,288 | €173,644 | €156,638 | ▼ 9.8% |
| Intangible fixed assets21 | €1 | €1 | €1 | €1 | €1 | ▼ 25.0% |
| Tangible fixed assets22/27 | €116,660 | €222,895 | €224,087 | €173,643 | €156,638 | ▼ 9.8% |
| Land and buildings22 | - | €146,115 | €141,108 | €136,101 | €131,094 | ▼ 3.7% |
| Plant, machinery and equipment23 | €26,949 | €19,059 | €17,200 | €8,928 | €7,331 | ▼ 17.9% |
| Furniture and vehicles24 | €7,170 | €4,586 | €6,175 | €5,341 | €3,233 | ▼ 39.5% |
| Leasing and similar rights25 | €82,540 | €53,134 | €59,604 | €23,272 | €14,980 | ▼ 35.6% |
| Financial fixed assets28 | €0 | - | €1,200 | €0 | - | - |
| Current assets29/58 | €189,437 | €96,846 | €141,846 | €121,284 | €108,373 | ▼ 10.6% |
| Stocks and contracts in progress3 | €53,891 | €33,849 | €31,420 | €31,436 | €13,100 | ▼ 58.3% |
| Stocks30/36 | €53,891 | €33,849 | €31,420 | €31,436 | €13,100 | ▼ 58.3% |
| Amounts receivable within one year40/41 | €88,544 | €54,754 | €109,023 | €89,170 | €94,810 | ▲ 6.3% |
| Trade receivables40 | €68,480 | €32,358 | €88,458 | €85,700 | €68,036 | ▼ 20.6% |
| Other amounts receivable41 | €20,064 | €22,396 | €20,566 | €3,470 | €26,774 | ▲ 672% |
| Cash at bank and in hand54/58 | €46,536 | €7,778 | €0 | €539 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €465 | €465 | €1,402 | €139 | €462 | ▲ 233% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €306,098 | €319,742 | €367,133 | €294,928 | €265,011 | ▼ 10.1% |
| Equity10/15 | €59,743 | -€3,434 | €11,242 | €38,985 | €42,464 | ▲ 8.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €53,543 | €53,543 | €53,543 | €53,543 | €53,543 | = |
| Non-distributable reserves130/1 | €620 | €620 | €620 | €0 | - | - |
| Reserves not available under the articles1311 | €620 | €620 | €620 | €0 | - | - |
| Distributable reserves133 | €52,923 | €52,923 | €52,923 | €53,543 | €53,543 | = |
| Profit (loss) carried forward14 | €0 | -€63,177 | -€48,501 | -€20,758 | -€17,279 | ▲ 16.8% |
| Amounts payable17/49 | €246,355 | €323,175 | €355,891 | €255,943 | €222,547 | ▼ 13.0% |
| Amounts payable after more than one year17 | €86,516 | €201,766 | €189,830 | €145,104 | €113,609 | ▼ 21.7% |
| Financial debts170/4 | €86,516 | €201,766 | €189,830 | €145,104 | €113,609 | ▼ 21.7% |
| Amounts payable within one year42/48 | €159,838 | €121,409 | €166,061 | €110,839 | €108,938 | ▼ 1.7% |
| Current portion of amounts payable after more than one year42 | €40,673 | €59,943 | €56,878 | €41,018 | €31,495 | ▼ 23.2% |
| Financial debts43 | €25,000 | €25,000 | €3,943 | €0 | €28,771 | - |
| Credit institutions430/8 | €25,000 | €25,000 | €3,943 | €0 | €28,771 | - |
| Trade debts44 | €85,649 | €29,626 | €98,854 | €52,029 | €42,687 | ▼ 18.0% |
| Suppliers440/4 | €85,649 | €29,626 | €98,854 | €52,029 | €42,687 | ▼ 18.0% |
| Taxes, remuneration and social security45 | €8,516 | €6,840 | €6,387 | €16,127 | €5,985 | ▼ 62.9% |
| Taxes450/3 | €480 | €408 | €6,387 | €16,127 | €5,985 | ▼ 62.9% |
| Remuneration and social security454/9 | €8,036 | €6,432 | €0 | - | - | - |
| Other amounts payable47/48 | €0 | - | - | €1,665 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,072 | -€63,177 | €14,676 | €27,743 | €3,479 | ▼ 87.5% |
| + Depreciation and write-downs630 | €39,723 | €45,197 | €39,276 | €23,359 | €21,005 | ▼ 10.1% |
| Operating cash flow (approximation) | €52,795 | -€17,980 | €53,952 | €51,101 | €24,484 | ▼ 52.1% |
| Investment in fixed assets (approximation) | - | -€151,432 | -€41,668 | €28,285 | -€4,000 | ▼ 114% |
| Change in cash | - | -€38,758 | -€7,778 | €539 | -€539 | ▼ 200% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €14,676
Net result €14,676 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€63,177
Net result drops to -€63,177, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brugge · 1 establishment unit since 2019
Ground area
1.2 ha
Building footprint
2,923 m²
Volume, LiDAR
52,327 m³
Parcel 31807I0413/08H000, Flanders · tallest building 47.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ferrotech
since 20192.285.296.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0413/08H000indicative | Flanders | 1.2 ha | 1 · 2,923 m² | 47.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 980 companies in sector 25401 we hold annual accounts for 407. 292 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
Founded08-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
25401Forging of metal
25530Machining of metals
25402Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0717818212
Also
9925:BE0717818212
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.