Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Ferox P from Zele, company number BE0445840308, closed financial year 2025 with a result of € 20,403 after tax. For that financial year Ferox P recorded a gross margin of € 194,809 and equity of € 195,672. Compared with financial year 2024, the result moved from € 9,277 to € 20,403. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 195,672
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,403
▲ 120% vs 2024
Profit after tax over the fiscal year.
€ 8,486
▼ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 122,072.
People and assets in 2025
1.2
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 73,910
▲ 1% vs 2024
€ 61,600 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.
€ 10,528
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 668,160
▼ 10% vs 2024
€ 60,014 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 1,619
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,029
▲ 63% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 140,252 | € 136,804 | € 198,066 | € 194,809 | ▼ 2% |
| Profit after taxes | € 9,035 | € 28,834 | € 9,277 | € 20,403 | ▲ 120% |
| Equity | € 183,865 | € 112,992 | € 175,269 | € 195,672 | ▲ 12% |
| Total debts | € 327,102 | € 342,210 | € 768,205 | € 780,566 | ▲ 2% |
| Cash | € 10,084 | € 10,334 | € 23,889 | € 8,486 | ▼ 64% |
| Land & buildings | € 400,212 | € 375,357 | € 843,259 | € 894,527 | ▲ 6% |
| Retained profit | € 165,265 | € 94,392 | € 101,669 | € 122,072 | ▲ 20% |
| Dividend | € 123,000 | € 99,707 | € 0 | € 0 | |
| Bank debt | € 163,608 | € 221,171 | € 739,201 | € 668,160 | ▼ 10% |
| Balance sheet total | € 510,966 | € 455,202 | € 943,474 | € 976,238 | ▲ 3% |
| Employees (FTE) | - | - | 0.9 | 1.2 | ▲ 0.3 |
Key figures of Ferox P, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Ferox P?
What happened at Ferox P in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 20,403 (▲ 120% vs 2024). Source: NBB ↗
- New establishment in Zele. KBO
- New establishment in Zele. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,035 profit in 2022 to € 20,403 profit in 2025.
Paid € 5,167 in corporate taxes since 2022.
Best year ever: 2023, with € 28,834 profit.
On average € 162,300 of value added per employee in 2025.
Management
Behind Ferox P are Jef Smekens and Patrick Poppe. Patrick Poppe is also behind Thanatos.
Directors
According to the 2025 annual accounts
Jef Smekens
Director
Establishments
Establishment units
Physical locations of this company
Lokerenbaan 16
9240 Zele
Dokter Armand Rubbensstraat 2
9240 Zele
Active since 1 May 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.840.308
- VAT number
- BE 0445.840.308
- Registered office
- Lokerenbaan 16, 9240 Zele
- Names & denominations
- Ferox P
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 November 1991
- Peppol
- Active · Active since 20 Oct 2025
- Activities · NACE
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