Le Fermoir
ActiveLe Fermoir has been active since 1928 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €276k and a net result of €-13k. Equity is shrinking by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+33
Solvency44▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.73 in 2024; short-term debt: 67.5% and cash: 8.8% of total assets), and 81.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-13k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 672 sector peers (2025).
NBB · sector comparisonPosition among 672 sector peers
Solvency
better than 17%
← weakest
strongest →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
49 d early
2023
27 d late
2022
31 d late
2021
31 d late
2020
60 d late
2019
122 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-13k▲ 93.8%
2024 · €-203k
2018: €26k
2019: €-32k
2020: €-75k
2021: €-233k
2022: €-57k
2023: €53k
2024: €-203k
2018 → 2025
Working capital
€-262k▲ 10.0%
2024 · €-291k
2018: €212k
2019: €142k
2020: €91k
2021: €-202k
2022: €-285k
2023: €-88k
2024: €-291k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€496k-€439k▼ 11.4%€492k▲ 12.0%€288k▼ 41.4%€276k▼ 4.4%
Operating result€-230k-€-1k▲ 99.5%€91k€-164k€20k
Net result€-233k-€-57k▲ 75.6%€53k€-203k€-13k▲ 93.8%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20k after a loss of €164k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.48M
Fixed assets
€742k▼ 7.5%
Current assets
€738k▼ 5.0%
Equity and liabilities €1.48M
Equity
€276k▼ 4.4%
Debt
€1.20M▼ 6.7%
The debt ratio falls from 81.7% to 81.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€80k▲
2024 · €-63k
Cash flow
€48k▲
2024 · €-103k
Solvency
18.6%▲
2024 · 18.3%
Current ratio
0.74▲
2024 · 0.73
Quick ratio
0.41▼
2024 · 0.46
Debt / equity
4.37▼
2024 · 4.48
ROE
-4.6%▲
2024 · -70.5%
ROA
-0.9%▲
2024 · -12.9%
Interest coverage
2.25▲
2024 · -1.64
Debt
€1.20M▼
2024 · €1.29M
Debt ≤ 1 year
€1,000k▼
2024 · €1.07M
Debt > 1 year
€180k▼
2024 · €223k
Income taxes
€881▲
2024 · €841
Staff costs
€617k▲
2024 · €599k
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€1.58M€1.48M▼
Fixed assets21/28€803k€742k▼
Tangible fixed assets22/27€454k€394k▼
Land and buildings22€355k€340k▼
Plant, machinery and equipment23€29k€20k▼
Furniture and vehicles24€38k€26k▼
Leasing and similar rights25€32k€9k▼
Financial fixed assets28€348k€348k=
Current assets29/58€777k€738k▼
Stocks and contracts in progress3€286k€326k▲
Stocks30/36€286k€326k▲
Amounts receivable within one year40/41€376k€273k▼
Trade receivables40€376k€263k▼
Other amounts receivable41€0€10k▲
Cash at bank and in hand54/58€93k€130k▲
Deferred charges and accrued income490/1€21k€9k▼
Equity and liabilities
Total equity and liabilities10/49€1.58M€1.48M▼
Equity10/15€288k€276k▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Revaluation surpluses12€3k€3k=
Reserves13€55k€55k=
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Tax-exempt reserves132€5k€5k=
Profit (loss) carried forward14€-270k€-283k▼
Amounts payable17/49€1.29M€1.20M▼
Amounts payable after more than one year17€223k€180k▼
Financial debts170/4€223k€180k▼
Amounts payable within one year42/48€1.07M€1,000k▼
Current portion of amounts payable after more than one year42€97k€48k▼
Financial debts43€258k€361k▲
Credit institutions430/8€258k€361k▲
Trade debts44€216k€115k▼
Suppliers440/4€216k€115k▼
Advances received on contracts in progress46€4k-
Taxes, remuneration and social security45€99k€99k▼
Taxes450/3€19k€14k▼
Remuneration and social security454/9€80k€85k▲
Other amounts payable47/48€393k€378k▼
Accrued charges and deferred income492/3-€24k
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€599k€617k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101k€60k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€-7k▼
Other operating charges640/8€48k€47k▼
Gross operating margin9900€595k€738k▲
Operating profit (loss)9901€-164k€20k▲
Financial income75/76B€11€4k▲
Recurring financial income75€11€4k▲
Financial charges65/66B€39k€36k▼
Recurring financial charges65€39k€36k▼
Profit (loss) for the period before taxes9903€-203k€-12k▲
Income taxes67/77€841€881▲
Profit (loss) for the period9904€-203k€-13k▲
Profit (loss) for the period to be appropriated9905€-203k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-270k€-283k▼
Profit (loss) brought forward from the previous period14P€-67k€-270k▼
Social balance
Average headcount (FTE)90876.6-
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
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-12
Financial
Back to profitnet €53k
Net result €53k after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-233k
Net result drops to €-233k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 60 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Jans-Molenbeek · 2 establishment units since 1928
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.
Gentsesteenweg 732-7341080 Sint-Jans-MolenbeekGround area
3,073 m²
Building footprint
802 m²
Volume, LiDAR
4,750 m³
2 parcels, Brussels · tallest building 16.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Josaphatstraat 22, 1210 Sint-Joost-ten-Node
since 19282.002.780.477
LE FERMOIR
since 19452.142.559.061
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0020/00H002 | Brussels | 2,908 m² | 1 · 639 m² | 14.6 m · 2 fl. |
| 21014A0537/00E010 | Brussels | 165 m² | 1 · 163 m² | 16.6 m · 2 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.
Similar companies · same sector, comparable size
Laswerken Leyten
BE 0660.806.065
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Metagam
BE 0403.650.355
Boechout · Eq €279k
JAVO TOEGANGSTECHNIEK
BE 0847.085.954
Hamont-Achel · Eq €282k
MARVINIC
BE 0454.856.754
Welkenraedt · Eq €262k
SLEUTELCENTRALE
BE 0432.673.349
Antwerpen · Eq €290k
Of 557 companies in sector 25999 we hold annual accounts for 351. 254 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-04-1928
Fiscal year end31-12
Activities, NACEBEL
25991Manufacture of fabricated metal products, except machinery and equipment
25999Manufacture of fabricated metal products, except machinery and equipment
28751
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.