Losses
-€15,252 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
FERSIE
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €244,064 (2019)
€30,414▼ 22.0%
lowest -€72,261 (2018)
-€11,613▼ €7,974
peak €358,020 (2008)
€308,480▼ 3.6%
€44,899▼ 54.1%
peak 2.1 FTE (2008)
-not published
Board2 names since 2018
2 directorsBlieck Fernand and 1 other
Documentsfilings and deeds
19-06-202642 days before the deadline
2025abbreviated format
Gross margin from €38,998 to €30,414Loss of €11,613Debts from €97,828 to €44,899
Key points
from the 2025 annual accountsLiquidity
5.50 was 3.32 in 2024
Short-term debts fell from €62,679 to €31,647.
Position in the sector
87.3%
Higher solvency than 89% of companies in wholesale trade. Sector median 42.9% · 9,901 companies.
Checked score
95
Excellent
Financially stronger than 61% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%highest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1994
Liquidity: current ratio 5.50, cash €65,828
Equity €308,480 (87.3% of total assets)
Size: total assets €353,379
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 78% on liquidity, 45% on profitability and 33% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as FERSIE has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FERSIE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for FERSIE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.5 (3.32 in 2024), above the usual 1.5. Short-term debt is 9% and cash 18.6% of total assets. 12.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
44 days early
2023
33 days early
2022
49 days early
2021
31 days late
2020
30 days early
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0452372564
2 directors resigning, 2 reappointments
Resignations: Blieck Fernand (managing director) and Blieck Marnix · Reappointments: Blieck Fernand (managing director) and Blieck Marnix · Director discharge: Blieck Fernand · General meeting of 05-01-2024 · Gazette deed
Merger: FERSIE takes over FIRST LEVEL
Resignation: Blieck Femand (manager) · The company holds all the shares of FIRST LEVEL · Director discharge: Blieck Femand · General meeting of 28-09-2018 · Gazette deed
Reappointments: Blieck Fernand (managing director) and Blieck Marnix (director)
General meeting of 17-05-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FERSIE Ledegem | €353,379 | €30,414 | 87.3% | - |
| OMNIS OGAWA Genappe | €436,439 | €35,909 | 52.1% | 1.5 |
| ELLIEN Meise | €285,435 | €31,195 | 5.2% | - |
| BLUE STYLE Kortrijk | €291,077 | €22,363 | 52.8% | - |
| MER D'OCRE Knokke-Heist | €480,566 | €35,175 | 13.3% | - |
| Leeloo Bruges | €302,549 | €51,679 | 56.9% | - |
| NORVIK Forest | €475,796 | €24,530 | 21.6% | - |
These companies have the same main activity as FERSIE: wholesale of clothing, excluding workwear and underwear (NACE 46423). They are comparable in size and age: total assets between €285,000 and €481,000, founded between 1994 and 2000.
Official details
Source: KBO- Status
- Active since 19-03-1994Normal situation
- Activity
- Wholesale of clothing, excluding workwear and underwearNACE 46423and 3 others
- Establishment unit
- 2.066.613.5068880 Ledegem, since 02-05-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- ≈ €160,000estimated
- €353,379▼ 15.4%
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Insights on FERSIE
FERSIE files the abbreviated format. That format states no turnover. The gross margin fell from €155,174 in 2006 to €30,414 in 2025.
The balance sheet grew most in 2007 through fixed assets, financed with long-term debt.
In January 2024, the Official Gazette published the appointment of Blieck Fernand as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FERSIE
- What is the company number of FERSIE?
- The company number of FERSIE is 0452.372.564. The VAT number is the same number with BE in front: BE 0452.372.564.
- Where is FERSIE based?
- The registered office is at Nijverheidslaan 15, 8880 Ledegem.Company details
- What does FERSIE do?
- According to the KBO register, the main activity is wholesale of clothing, excluding workwear and underwear (NACE 46423).
- What is the legal form of FERSIE?
- FERSIE is a public limited company (NV).
- When was FERSIE founded?
- FERSIE was founded on 19-03-1994.
- Is FERSIE still active?
- Yes, FERSIE is an active enterprise in the KBO register.
- How many employees does FERSIE have?
- FERSIE had an average of 1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of FERSIE?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €30,414 and 34 comparable companies (NACE 464). It probably lies between €98,000 and €310,000.
- Is FERSIE profitable?
- In financial year 2025, FERSIE made a loss of €11,613.
- Where can I find the annual accounts of FERSIE?
- FERSIE filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FERSIE due?
- FERSIE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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