FERRULEX
ActiveFERRULEX has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102k and a net result of €25k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 3253 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent▲ +59 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency63▲+17
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.37 against 2.15 in 2024), but 73.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
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
26.8%
Return on assets
6.5%
Age of the figures
8 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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
28 d early
2023
1 d early
2022
26 d early
2021
22 d late
2020
3 d late
2019
120 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€102k▲ 30.7%
2024 · €78k
2018: €67k
2019: €67k
2020: €67k
2021: €92k
2022: €127k
2023: €121k
2024: €78k
2018 → 2025
Total assets
€382k▼ 10.6%
2024 · €427k
2018: €542k
2019: €524k
2020: €496k
2021: €498k
2022: €522k
2023: €438k
2024: €427k
2018 → 2025
Net result
€25k
2024 · €-43k
2018: €37k
2019: €31k
2020: €445
2021: €25k
2022: €35k
2023: €-6k
2024: €-43k
2018 → 2025
Working capital
€145k▲ 22.3%
2024 · €119k
2018: €97k
2019: €97k
2020: €110k
2021: €148k
2022: €169k
2023: €139k
2024: €119k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€92k-€127k▲ 37.3%€121k▼ 4.6%€78k▼ 35.2%€102k▲ 30.7%
Operating result€47k-€60k▲ 27.4%€8k▼ 86.6%€-30k€37k
Net result€25k-€35k▲ 40.1%€-6k€-43k▼ 629%€25k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €37k after a loss of €30k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €382k
Fixed assets
€175k▼ 14.6%
Current assets
€206k▼ 6.8%
Equity and liabilities €382k
Equity
€102k▲ 30.7%
Debt
€279k▼ 19.8%
The debt ratio falls from 81.7% to 73.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€67k▲
2024 · €63
Cash flow
€55k▲
2024 · €-12k
Solvency
26.8%▲
2024 · 18.3%
Current ratio
3.37▲
2024 · 2.15
Quick ratio
3.37▲
2024 · 2.15
Debt / equity
2.73▼
2024 · 4.45
ROE
24.3%▲
2024 · -54.3%
ROA
6.5%▲
2024 · -10.0%
Interest coverage
5.37▲
2024 · 0.00
Debt
€279k▼
2024 · €348k
Debt ≤ 1 year
€61k▼
2024 · €103k
Debt > 1 year
€215k▼
2024 · €243k
Income taxes
€1k▲
2024 · €252
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€427k€382k▼
Fixed assets21/28€205k€175k▼
Tangible fixed assets22/27€205k€175k▼
Land and buildings22€177k€155k▼
Plant, machinery and equipment23€12k€10k▼
Furniture and vehicles24€5k-
Other tangible fixed assets26€11k€10k▼
Financial fixed assets28€223€223=
Current assets29/58€222k€206k▼
Amounts receivable within one year40/41€35k€29k▼
Trade receivables40€35k€12k▼
Other amounts receivable41€393€17k▲
Cash at bank and in hand54/58€180k€172k▼
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€427k€382k▼
Equity10/15€78k€102k▲
Contributions10/11€20k€20k=
Reserves13€74k€83k▲
Distributable reserves133€74k€83k▲
Profit (loss) carried forward14€-16k-
Amounts payable17/49€348k€279k▼
Amounts payable after more than one year17€243k€215k▼
Financial debts170/4€243k€215k▼
Amounts payable within one year42/48€103k€61k▼
Current portion of amounts payable after more than one year42€28k€28k▼
Trade debts44€64k€33k▼
Suppliers440/4€64k€33k▼
Taxes, remuneration and social security45€5k-
Taxes450/3€5k-
Other amounts payable47/48€5k€833▼
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€30k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€4k€71k▲
Operating profit (loss)9901€-30k€37k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€14k€13k▼
Recurring financial charges65€14k€13k▼
Profit (loss) for the period before taxes9903€-42k€26k▲
Income taxes67/77€252€1k▲
Profit (loss) for the period9904€-43k€25k▲
Profit (loss) for the period to be appropriated9905€-43k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€9k▲
Profit (loss) brought forward from the previous period14P-€-16k
Transfer from equity791/2€27k-
Transfer to equity691/2-€8k
To other reserves6921-€8k
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €102k ▲30.7%
Equity rises from €78k to €102k.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €127k ▲37.3%
5 profitable years in a row build equity to €127k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 3 days late
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
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.
Directors · office · real estate
Directors
7 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, Turnhout · 2 establishment units since 2009
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.
Steenweg op Zevendonk 602300 TurnhoutGround area
3,323 m²
Building footprint
289 m²
Volume, LiDAR
1,664 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Ferrulex Advocaten
since 20092.182.087.353
Ferrulex Advocaten
since 20132.220.683.356
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452M0042/00P000 | Flanders | 1,724 m² | 1 · 158 m² | 8.6 m · 2 fl. |
| 13373K0718/00T005 | Flanders | 1,598 m² | 1 · 131 m² | 5.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
2022 to 2023 · 2 entries · 1,541 EUR awarded · 1,541 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 654 EUR | 654 EUR |
| 2022 | 1 | 887 EUR | 887 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
6488JKK328H1BX74H230
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Of 22,018 companies in sector 69101 we hold annual accounts for 9,028. 7,535 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2009
Fiscal year end31-12
Activities, NACEBEL
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
8 entriesWebsite:www.ferrulex.be
E-mail:contact@ferrulex.be
Phone:+3214418822
Fax:+3214411283
E-mail:info@ferrulex.be
Phone:+3214448080
Phone:014418822
Fax:014411283