ACTIVE

FERO V (SRL)

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Financial year 2025 · closed on 31/12/2025
Net result
509,2 k €
+156.1% YoY
Gross margin
1,1 M €
+77.3% YoY
Equity
2,1 M €
+31.0% YoY
Workforce
4,7 ETP
+11.9% YoY

What does FERO V do?

FERO V is a Private limited company incorporated in 2012. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Ranst. It employs on average 4,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0508.469.347
Incorporation
10/12/2012
Legal form
Private limited company
Registered office
Ter Stratenweg 56
2520 Ranst · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Average workforce
4,7 ETP
Activities (NACE)
25401Manufacture of weapons and ammunition· main25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy47525Retail sale of hardware, paints and glass in specialised stores47525Retail sale of hardware, paints and glass in specialised stores
Joint committees (2)
  • 111
  • 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin1,1 M €596,7 k €823,3 k €731,7 k €987,5 k €458,7 k €397,5 k €331,2 k €366,2 k €324 k €217,9 k €153,3 k €69,5 k €
EBITDA768,9 k €320,6 k €548,2 k €454,2 k €715 k €243,4 k €157,1 k €108,3 k €162,1 k €149,7 k €67,1 k €59,1 k €30,5 k €
Operating result738,2 k €286,4 k €518,1 k €420,3 k €694,3 k €190,4 k €40,7 k €94,5 k €150 k €140,8 k €51,3 k €50,2 k €22,1 k €
Net result509,2 k €198,8 k €355 k €290,8 k €468,2 k €127,1 k €22 k €66,9 k €112,4 k €89,7 k €35,5 k €37,9 k €16,6 k €
Balance sheet
Equity2,1 M €1,6 M €1,4 M €1,1 M €920,5 k €478,4 k €351,3 k €329,3 k €262,3 k €185,9 k €96,2 k €60,7 k €22,8 k €
Total assets2,4 M €1,9 M €1,8 M €1,8 M €1,5 M €1,2 M €997,1 k €562,5 k €622,9 k €443,6 k €297,2 k €216,8 k €206 k €
Cash723,1 k €693,2 k €744,7 k €614,5 k €604,7 k €412,7 k €200,5 k €230,9 k €426,5 k €319 k €142,8 k €88 k €138,6 k €
Debts339,3 k €340,2 k €395,9 k €663,5 k €558,5 k €700,5 k €642,7 k €231 k €359,2 k €257,7 k €201 k €154,9 k €183,2 k €
Other
Workforce4,7 ETP4,2 ETP4,3 ETP4,7 ETP5,0 ETP4,4 ETP4,4 ETP4,5 ETP4,1 ETP3,7 ETP3,5 ETP2,4 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

PASCALE STEVENS

Director

Active
PHILIP VORSSELMANS

Director

Active

Ended mandates

PASCALE STEVENS

Manager

Ended
PHILIP VORSSELMANS

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202630/06/202511/07/202429/08/202310/08/202209/07/2021
General meeting12/06/202613/06/202514/06/202409/06/202310/06/202211/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/06/202630/06/2026DutchPDF
Abridged model31/12/202413/06/202530/06/2025DutchPDF
Abridged model31/12/202314/06/202411/07/2024DutchPDF
Abridged model31/12/202209/06/202329/08/2023DutchPDF
Abridged model31/12/202110/06/202210/08/2022DutchPDF
Abridged model31/12/202011/06/202109/07/2021DutchPDF
Abridged model31/12/201912/06/202014/07/2020DutchPDF
Abridged model31/12/201814/06/201918/07/2019DutchPDF
Abridged model31/12/201708/06/201817/08/2018DutchPDF
Abridged model31/12/201609/06/201714/07/2017DutchPDF
Abridged model31/12/201510/06/201628/07/2016DutchPDF
Abridged model31/12/201412/06/201521/08/2015DutchPDF
Abridged model31/12/201313/06/201418/07/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

PASCALE STEVENS

Director

Active
PHILIP VORSSELMANS

Director

Active

Ended mandates

PASCALE STEVENS

Manager

Ended
PHILIP VORSSELMANS

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/10/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/12/2012
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025509,2 k €↑
  2. 2024
    Annual accounts 2024198,8 k €↓
  3. 2023
    Annual accounts 2023355 k €↑
  4. 2022
    Annual accounts 2022290,8 k €↓
  5. 2021
    Annual accounts 2021468,2 k €↑
  6. 2020
    Annual accounts 2020127,1 k €↑
  7. 2019
    Annual accounts 201922 k €↓
  8. 2018
    Annual accounts 201866,9 k €↓
  9. 2017
    Annual accounts 2017112,4 k €↑
  10. 2016
    Annual accounts 201689,7 k €↑
  11. 2015
    Annual accounts 201535,5 k €↓
  12. 2014
    Annual accounts 201437,9 k €↑
  13. 2013
    Annual accounts 201316,6 k €
  14. 10/12/2012
    IncorporationPrivate limited company