FERSIE
ActiveSummary
FERSIE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €320k and a net result of €-4k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 80% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▼-2
Solvency100▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.32 against 3.36 in 2023; short-term debt: 15% and cash: 19.9% of total assets), and 23.4% of the assets are financed with debt.
Credit check for your own amount and term
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76.6%
Return on assets
-0.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
33 d early
2022
49 d early
2021
31 d late
2020
30 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€320k▼ 1.1%
2023 · €324k
2019: €207k
2020: €236k
2021: €234k
2022: €314k
2023: €324k
2019 → 2024
Total assets
€418k▼ 5.3%
2023 · €441k
2019: €673k
2020: €579k
2021: €554k
2022: €561k
2023: €441k
2019 → 2024
Net result
€-4k
2023 · €9k
2019: €155k
2020: €29k
2021: €-2k
2022: €81k
2023: €9k
2019 → 2024
Working capital
€145k▲ 0.1%
2023 · €145k
2019: €32k
2020: €67k
2021: €31k
2022: €126k
2023: €145k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€236k-€234k▼ 1.0%€314k▲ 34.6%€324k▲ 2.9%€320k▼ 1.1%
Operating result€40k-€6k▼ 83.9%€38k▲ 499%€24k▼ 35.9%€2k▼ 93.8%
Net result€29k-€-2k€81k€9k▼ 88.5%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 94% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €418k
Fixed assets
€210k ▼ 10.5%
Current assets
€208k ▲ 0.7%
Equity and liabilities €418k
Equity
€320k ▼ 1.1%
Debt
€98k ▼ 16.8%
Debt's share of the balance-sheet total falls from 26.6% to 23.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€32k▼
2023 · €55k
Cash flow
€27k▼
2023 · €40k
Current ratio
3.32▼
2023 · 3.36
Quick ratio
1.56▼
2023 · 1.90
Debt to equity
0.31▼
2023 · 0.36
ROE
-1.1%▼
2023 · 2.9%
ROA
-0.9%▼
2023 · 2.1%
Interest coverage
6.18▲
2023 · 5.82
Debt ≤ 1 year
€63k▲
2023 · €61k
Debt > 1 year
€35k▼
2023 · €56k
Income taxes
€0▼
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€441k€418k▼
Fixed assets21/28€235k€210k▼
Tangible fixed assets22/27€230k€205k▼
Land and buildings22€199k€180k▼
Furniture and vehicles24€31k€25k▼
Financial fixed assets28€5k€5k=
Current assets29/58€207k€208k▲
Stocks and contracts in progress3€90k€110k▲
Stocks30/36€90k€110k▲
Amounts receivable within one year40/41€12k€15k▲
Trade receivables40€10k€14k▲
Other amounts receivable41€2k€580▼
Cash at bank and in hand54/58€105k€83k▼
Equity and liabilities
Total equity and liabilities10/49€441k€418k▼
Equity10/15€324k€320k▼
Contributions10/11€94k€94k=
Capital10€94k€94k=
Issued capital100€94k€94k=
Reserves13€216k€216k=
Non-distributable reserves130/1€11k€11k=
Legal reserve130€11k€11k=
Distributable reserves133€205k€205k=
Profit (loss) carried forward14€13k€9k▼
Amounts payable17/49€118k€98k▼
Amounts payable after more than one year17€56k€35k▼
Financial debts170/4€56k€35k▼
Amounts payable within one year42/48€61k€63k▲
Current portion of amounts payable after more than one year42€20k€21k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€1k€24k▲
Suppliers440/4€1k€24k▲
Taxes, remuneration and social security45€17k€799▼
Taxes450/3€17k€799▼
Remuneration and social security454/9€0-
Other amounts payable47/48€23k€17k▼
Income statement
Code20232024
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€30k▼
Other operating charges640/8€10k€7k▼
Gross operating margin9900€66k€39k▼
Operating profit (loss)9901€24k€2k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Non-recurring financial income76B€0-
Financial charges65/66B€10k€5k▼
Recurring financial charges65€10k€5k▼
Profit (loss) for the period before taxes9903€15k€-4k▼
Income taxes67/77€6k€0▼
Profit (loss) for the period9904€9k€-4k▼
Profit (loss) for the period to be appropriated9905€9k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€9k▼
Profit (loss) brought forward from the previous period14P€13k€13k=
Transfer to equity691/2€9k€0▼
To other reserves6921€9k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €81k
Net result €81k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Ledegem · 1 establishment unit since 1994
Ground area
1,931 m²
Building footprint
1,064 m²
Volume, LiDAR
6,074 m³
Parcel 36010C0729/00D000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nijverheidslaan 15, 8880 Ledegem
since 19942.066.613.506
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010C0729/00D000 | Flanders | 1,931 m² | 1 · 1,064 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TEXARDENT
BE 0896.882.685
Nivelles · Eq €320,425
PINCOR
BE 0479.454.370
Maldegem · Eq €319,223
Pure Sense
BE 0723.686.613
Liedekerke · Eq €318,785
TANIA DA SILVA
BE 0478.034.509
Schoten · Eq €321,408
SOBRUNOL
BE 0448.969.250
Knokke-Heist · Eq €321,934
Of 1,308 companies in sector 46423 we hold annual accounts for 810. 558 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46180Agents specialised in the wholesale of other particular products
46425Wholesale trade
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.