Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FERO from Oudenaarde, company number BE0435384203, closed financial year 2025 with a result of € 571,561 after tax. For that financial year FERO recorded revenue of € 16.2 million and equity of € 2.9 million. Compared with financial year 2024, the result moved from € 245,442 to € 571,561. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on November 28, 2025.
€ 2.9 million
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 571,561
▲ 133% vs 2024
Profit after tax over the fiscal year.
€ 291,179
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 28,578 paid out
5 % of the profit went to the shareholders, mostly to UNIFIRE (100 % of the shares). That is where the money ends up.
People and assets in 2025
21.1
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▼ 5% vs 2024
€ 65,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 51,790
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.4 million
▲ 51% vs 2024
€ 507,793 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 763,791
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 20 days on average.
€ 278,184
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 20,665,558 | € 25,153,890 | € 14,234,828 | € 16,156,079 | ▲ 13% |
| Profit after taxes | € 1,777,743 | € 2,057,238 | € 245,442 | € 571,561 | ▲ 133% |
| Equity | € 3,178,697 | € 2,112,130 | € 2,345,299 | € 2,888,282 | ▲ 23% |
| Total debts | € 3,054,042 | € 5,751,354 | € 6,528,716 | € 4,484,994 | ▼ 31% |
| Cash | € 1,553,702 | € 404,927 | € 296,960 | € 291,179 | ▼ 2% |
| Retained profit | € 3,116,327 | € 2,049,760 | € 2,282,929 | € 2,825,912 | ▲ 24% |
| Dividend | € 2,655,026 | € 3,102,862 | € 12,272 | € 28,578 | ▲ 133% |
| Bank debt | € 25,629 | € 2,167,299 | € 2,242,543 | € 3,385,624 | ▲ 51% |
| Balance sheet total | € 6,232,739 | € 7,863,483 | € 8,874,016 | € 7,373,276 | ▼ 17% |
| Employees (FTE) | 20 | 21.5 | 22 | 21.1 | ▼ 0.9 |
Key figures of FERO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to FERO?
What happened at FERO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- UNIFIRE BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 571,561 (▲ 133% vs 2024). Source: NBB ↗
- UNIFIRE BV became a director. NBB
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.8 million profit in 2022 to € 571,561 profit in 2025.
Paid € 1.6 million in corporate taxes since 2022.
Best year ever: 2023, with € 2.1 million profit.
Paid out € 5.8 million in dividends to the owners in total.
Management
The stake of UNIFIRE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FEROThe shares are held by UNIFIRE (100%).
Directors
According to the 2025 annual accounts
Director · represented by PATRICK BAUWENS
Also active at: FLEXINOX, SOCOTHERMIC, STOVEPLANET, BELGOFIRE, OUTDOOR CAMPUS, UNIFIRE SERVICE
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industriepark "De Bruwaan" 17
9700 Oudenaarde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.384.203
- VAT number
- BE 0435.384.203
- Registered office
- Industriepark "De Bruwaan" 17, 9700 Oudenaarde
- Names & denominations
- FERO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 September 1988
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Groothandel in installatiemateriaal voor loodgieterswerk en verwarming
Groothandel in loodgietersmateriaal en verwarmingsinstallaties
Groothandel in ijzerwaren
Groothandel in niet-elektrische huishoudelijke artikelen
Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur