Losses
-€1.0m in five years
Every financial year from 2021 to 2025 closed with a loss. 2024 was the heaviest.
FIFRA
Lifetime
20 annual accounts with figures on one time axispeak €124,565 (2021)
€19,335▲ €37,461
lowest -€363,324 (2024)
-€124,530▲ €238,794
peak €3.8m (2020)
€2.8m▼ 4.3%
€230,461▼ 1.8%
peak 0 FTE (2024)
0 FTE
Board8 names since 2017
1 director
Owners3 names in the annual accounts
consolidates
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Gross margin from -€18,127 to €19,335Loss of €124,530Cash from €25,645 to €36,578
Key points
from the 2025 annual accountsFilings
20 annual accounts since 2006
Eight of the last ten came late. The 2021 accounts came latest: 137 days after the end of the period.
Position in the sector
-€124,530
Lower net result than 90% of companies in forestry. Sector median €24,783 · 162 companies.
Net result +66%: other schema
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 8,613 companies had the same profile as FIFRA has now. Each dot stands for 22 companies, two years later.
94.1%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 8,613 companies, not a prediction for FIFRA. 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
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Signals
Board and ownership
Director, since 24-06-2024
Auditor,
- consolidatesannual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0876045996
1 director appointed, 1 statutory auditor appointed, 2 resignations
Resignations: and · Appointments: and (statutory auditor) · Permanent representative: · General meeting of 24-06-2024 · Gazette deed
Demerger: GLIMSINVEST splits off to FIFRA
Capital increase of €85,655.27 to €835,655.27 · Capital from €750,000 to €835,655.27, 4,258 new shares · Permanent representative: · General meeting of 27-05-2020 · Gazette deed
Demerger proposal: Glimsinvest splits off to Fifra
Issue of 4,258 shares · holds 310 shares · holds 281 shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FIFRA Philippeville | €3.0m | €19,335 | 92.3% | 0 |
| IMMOBILIERE DE MASBOURG Uccle | €2.1m | €76,083 | 71.8% | 0 |
| GROUPEMENT FORESTIER FAMENNE-ARDENNE Chaumont-Gistoux | €5.0m | €21,613 | 99.9% | - |
| GROUPEMENT FORESTIER DE SEVRY Namur | €2.6m | €119,983 | 99.0% | 0.3 |
| HERMAN FRUYTIER FINANCE Somme-Leuze | €0.9m | €17,886 | 90.2% | - |
| GROUPEMENT FORESTIER DE BIRON ET RECOGNE Ramillies | €2.4m | €45,657 | 96.7% | - |
| LES PIQUETS D'ARDENNE Florenville | €1.0m | €17,165 | 8.4% | 1.4 |
These companies have the same main activity as FIFRA: logging (NACE 02200). They are comparable in size and age: total assets between €921,000 and €5m, founded between 1990 and 2011.
Official details
Source: KBO- Status
- Active since 14-09-2005Normal situation
- Activity
- LoggingNACE 02200and 2 others
- Establishment unit
- 2.155.876.1715600 Philippeville, since 19-06-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Annual accounts 2025
- ≈ €130,000estimated
- €3.0m▼ 4.1%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on FIFRA
FIFRA files the abbreviated format. That format states no turnover. The gross margin fell from €84,212 in 2006 to €19,335 in 2025.
The balance sheet grew most from 2008 to 2010 through fixed assets.
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 FIFRA
- What is the company number of FIFRA?
- The company number of FIFRA is 0876.045.996. The VAT number is the same number with BE in front: BE 0876.045.996.
- Where is FIFRA based?
- The registered office is at Chemin d'Houzenne 22/24, 5600 Philippeville.Company details
- What does FIFRA do?
- According to the KBO register, the main activity is logging (NACE 02200).
- What is the legal form of FIFRA?
- FIFRA is a public limited company (NV).
- When was FIFRA founded?
- FIFRA was founded on 14-09-2005.
- Is FIFRA still active?
- Yes, FIFRA is an active enterprise in the KBO register.
- What is the turnover of FIFRA?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €19,335 and 2,735 comparable companies of the same size. It probably lies between €55,000 and €330,000. It is a rough estimate.Financials
- Is FIFRA profitable?
- In financial year 2025, FIFRA made a loss of €124,530.
- Where can I find the annual accounts of FIFRA?
- FIFRA filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FIFRA due?
- FIFRA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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