Ferrowood Design
ActiveSummary
Ferrowood Design has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86,324 and a net result of €12,707. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 57% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+76
Solvency94▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 4.2 against 3.41 in 2023; short-term debt: 22% of total assets), and 31.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
76 d late
2022
58 d late
2021
31 d late
2020
31 d late
2019
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 58 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€86,324▲ 17.3%
2023 · €73,617
Total assets
€125,447▲ 12.8%
2023 · €111,243
Net result
€12,707
2023 · -€12,211
Working capital
€88,441▲ 31.1%
2023 · €67,456
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Line20202021202220232024
Operating result-€25,065-€11,126▲ 55.6%-€5,991▲ 46.2%-€16,031▼ 168%€8,291
Net result-€25,444below the sector's middle half-€12,107below the sector's middle half▲ 52.4%-€2,722below the sector's middle half▲ 77.5%-€12,211below the sector's middle half▼ 349%€12,707within the sector's middle half
Equity€100,657within the sector's middle half▼ 20.2%€88,550within the sector's middle half▼ 12.0%€85,828within the sector's middle half▼ 3.1%€73,617within the sector's middle half▼ 14.2%€86,324within the sector's middle half▲ 17.3%
Total assets€143,911within the sector's middle half▼ 15.0%€122,129within the sector's middle half▼ 15.1%€124,330within the sector's middle half▲ 1.8%€111,243within the sector's middle half▼ 10.5%€125,447within the sector's middle half▲ 12.8%
Debt€43,255▲ 0.2%€33,579▼ 22.4%€38,502▲ 14.7%€37,626▼ 2.3%€39,123▲ 4.0%
Working capital€69,409within the sector's middle half▼ 33.3%€64,937within the sector's middle half▼ 6.4%€71,884within the sector's middle half▲ 10.7%€67,456within the sector's middle half▼ 6.2%€88,441within the sector's middle half▲ 31.1%
Solvency69.9%within the sector's middle half▼ 4.5pp72.5%within the sector's middle half▲ 2.6pp69.0%within the sector's middle half▼ 3.5pp66.2%within the sector's middle half▼ 2.9pp68.8%within the sector's middle half▲ 2.6pp
Current ratio2.76within the sector's middle half▼ 0.763.33within the sector's middle half▲ 0.573.33within the sector's middle half=3.41within the sector's middle half▲ 0.074.20within the sector's middle half▲ 0.80
Return on assets (ROA)-17.7%below the sector's middle half▼ 59.0pp-9.9%below the sector's middle half▲ 7.8pp-2.2%below the sector's middle half▲ 7.7pp-11.0%below the sector's middle half▼ 8.8pp10.1%within the sector's middle half▲ 21.1pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €8,291 after a loss of €16,031 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €125,447
Fixed assets
€9,403 ▼ 40.3%
Current assets
€116,045 ▲ 21.5%
Equity and liabilities €125,447
Equity
€86,324 ▲ 17.3%
Debt
€39,123 ▲ 4.0%
Debt's share of the balance-sheet total falls from 33.8% to 31.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,214▲
2023 · -€10,169
Cash flow
€18,630▲
2023 · -€6,349
Quick ratio
4.09▲
2023 · 3.22
Debt to equity
0.45▼
2023 · 0.51
ROE
14.7%▲
2023 · -16.6%
Interest coverage
11.35▲
2023 · -6.86
Debt ≤ 1 year
€27,603▼
2023 · €28,026
Income taxes
€84▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
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 0.2% 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 34,679 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,000 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,285 | €7,918 | €7,750 | €5,862 | €5,923 | ▲ 1.0% |
| Other operating charges640/8 | - | €1,156 | €1,454 | €1,109 | €1,836 | ▲ 65.6% |
| Gross operating margin9900 | -€17,307 | -€2,052 | €3,213 | -€9,060 | €16,050 | ▲ 277% |
| Operating profit (loss)9901 | -€25,065 | -€11,126 | -€5,991 | -€16,031 | €8,291 | ▲ 152% |
| Financial income75/76B | - | €49 | €4,893 | €5,304 | €5,753 | ▲ 8.5% |
| Recurring financial income75 | €84 | €49 | €4,893 | €5,304 | €5,753 | ▲ 8.5% |
| Financial charges65/66B | - | €815 | €1,403 | €1,483 | €1,252 | ▼ 15.6% |
| Recurring financial charges65 | €261 | €815 | €1,403 | €1,483 | €1,252 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | -€25,242 | -€11,893 | -€2,501 | -€12,211 | €12,791 | ▲ 205% |
| Income taxes67/77 | €202 | €214 | €221 | €0 | €84 | - |
| Profit (loss) for the period9904 | -€25,444 | -€12,107 | -€2,722 | -€12,211 | €12,707 | ▲ 204% |
| Profit (loss) for the period to be appropriated9905 | -€25,444 | -€12,107 | -€2,722 | -€12,211 | €12,707 | ▲ 204% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,911 | €122,129 | €124,330 | €111,243 | €125,447 | ▲ 12.8% |
| Fixed assets21/28 | €35,088 | €29,374 | €21,624 | €15,762 | €9,403 | ▼ 40.3% |
| Intangible fixed assets21 | €15,000 | €12,500 | €10,000 | €7,500 | €5,000 | ▼ 33.3% |
| Tangible fixed assets22/27 | €16,453 | €13,214 | €7,964 | €4,602 | €3,926 | ▼ 14.7% |
| Plant, machinery and equipment23 | - | €3,918 | €1,419 | €809 | €1,375 | ▲ 70.0% |
| Furniture and vehicles24 | - | €9,296 | €6,544 | €3,793 | €2,552 | ▼ 32.7% |
| Financial fixed assets28 | €3,635 | €3,660 | €3,660 | €3,660 | €476 | ▼ 87.0% |
| Current assets29/58 | €108,823 | €92,755 | €102,706 | €95,482 | €116,045 | ▲ 21.5% |
| Stocks and contracts in progress3 | €11,127 | €9,168 | €7,493 | €5,373 | €3,205 | ▼ 40.4% |
| Stocks30/36 | - | €9,168 | €7,493 | €5,373 | €3,205 | ▼ 40.4% |
| Amounts receivable within one year40/41 | €89,280 | €81,657 | €90,320 | €85,193 | €107,766 | ▲ 26.5% |
| Trade receivables40 | - | €15,723 | €22,951 | €8,033 | €28,690 | ▲ 257% |
| Other amounts receivable41 | - | €65,934 | €67,369 | €77,160 | €79,076 | ▲ 2.5% |
| Cash at bank and in hand54/58 | €6,468 | €11 | €0 | - | - | - |
| Deferred charges and accrued income490/1 | - | €1,919 | €4,893 | €4,916 | €5,073 | ▲ 3.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,911 | €122,129 | €124,330 | €111,243 | €125,447 | ▲ 12.8% |
| Equity10/15 | €100,657 | €88,550 | €85,828 | €73,617 | €86,324 | ▲ 17.3% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €88,257 | €76,150 | €73,428 | €61,217 | €73,924 | ▲ 20.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €74,290 | €71,568 | €61,217 | €73,924 | ▲ 20.8% |
| Amounts payable17/49 | €43,255 | €33,579 | €38,502 | €37,626 | €39,123 | ▲ 4.0% |
| Amounts payable within one year42/48 | €39,415 | €27,819 | €30,822 | €28,026 | €27,603 | ▼ 1.5% |
| Financial debts43 | - | €8,839 | €7,683 | €9,405 | €8,353 | ▼ 11.2% |
| Credit institutions430/8 | - | €8,839 | €7,683 | €9,405 | €8,353 | ▼ 11.2% |
| Trade debts44 | €15,815 | €16,843 | €14,322 | €7,188 | €16,049 | ▲ 123% |
| Suppliers440/4 | - | €16,843 | €14,322 | €7,188 | €16,049 | ▲ 123% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €2,136 | €8,817 | €11,433 | €3,202 | ▼ 72.0% |
| Taxes450/3 | - | €2,136 | €8,817 | €11,356 | €3,202 | ▼ 71.8% |
| Remuneration and social security454/9 | - | - | - | €77 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €5,760 | €7,680 | €9,600 | €11,520 | ▲ 20.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,444 | -€12,107 | -€2,722 | -€12,211 | €12,707 | ▲ 204% |
| + Depreciation and write-downs630 | €6,285 | €7,918 | €7,750 | €5,862 | €5,923 | ▲ 1.0% |
| Operating cash flow (approximation) | -€19,160 | -€4,188 | €5,028 | -€6,349 | €18,630 | ▲ 393% |
| Investment in fixed assets (approximation) | - | -€2,204 | €0 | €0 | €436 | - |
| Change in cash | - | -€6,456 | -€11 | - | - | - |
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
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €12,707
Net result €12,707 after 4 loss-making years.
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€25,444
Net result drops to -€25,444, the lowest in the series; recovery starts the following year.
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 121 days late
2019
31-12
Financial
Highest result since 2018net €69,992 ▲13,018%
Operating result €94,609, net result €69,992, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.52
Current ratio from 1.19 to 3.52; short-term debt falls from €72,977 to €41,262.
31-12
Financial
Equity above €100,000Eq €126,101 ▲118%
2 profitable years in a row build equity to €126,101.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Show earlier events
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Nazareth-De Pinte · 1 establishment unit since 2008
Ground area
1,230 m²
Building footprint
149 m²
Volume, LiDAR
816 m³
Parcel 44018A0655/00E000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RSS SERVICES
since 20082.169.925.533
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0655/00E000 | Flanders | 1,230 m² | 1 · 149 m² | 9.7 m · 2 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.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,577 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
Founded07-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897024920
Registered
03-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.