ASSENTFARMA
ActiveFinancials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 12-06-2025 PDF all 23 filings
Turnover
≈ €920,000
Estimated: probably between €620,000 and €1.8m
Total assets
€1.1m▲ 9.9%
2023 · €983,938
Net result
€136,937▲ 17.4%
2023 · €116,630
Working capital
€789,548▲ 11.1%
2023 · €710,577
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€168,962
▲ 15.1%
2024
20182024
Net result
€136,937
▲ 17.4%
2024
highest quarter of the sector
20182024
Equity
€831,368
▲ 10.2%
2024
highest quarter of the sector
20182024
Total assets
€1.1m
▲ 9.9%
2024
middle half of the sector
20182024
Debt
€250,377
▲ 9.1%
2024
20182024
Working capital
€789,548
▲ 11.1%
2024
highest quarter of the sector
20182024
Solvency
76.9%
▲ 0.2pp
2024
highest quarter of the sector
20182024
Current ratio
4.26
▲ 0.07
2024
highest quarter of the sector
20182024
Return on assets (ROA)
12.7%
▲ 0.8pp
2024
highest quarter of the sector
20182024
Staff (FTE)
0.3
▲ 200%
2024
lowest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€0.07m-€0.06m▼ 19.8%€0.1m▲ 103%€0.2m▲ 65.2%€0.2m▼ 14.1%€0.1m▼ 12.5%€0.2m▲ 15.1%
Net result€0.06m-€0.05m▼ 24.8%€0.1mabove the sector's middle half▲ 138%€0.2mabove the sector's middle half▲ 58.1%€0.1mabove the sector's middle half▼ 15.7%€0.1mwithin the sector's middle half▼ 21.2%€0.1mabove the sector's middle half▲ 17.4%
Equity€0.5m-€0.6m▲ 4.1%€0.6mwithin the sector's middle half▲ 2.0%€0.6mwithin the sector's middle half▲ 9.0%€0.7mabove the sector's middle half▲ 11.1%€0.8mabove the sector's middle half▲ 10.5%€0.8mabove the sector's middle half▲ 10.2%
Total assets€0.8m-€0.8m▼ 0.4%€0.8mwithin the sector's middle half▲ 6.5%€0.9mwithin the sector's middle half▲ 11.1%€0.9mwithin the sector's middle half▲ 1.0%€1.0mwithin the sector's middle half▲ 3.7%€1.1mwithin the sector's middle half▲ 9.9%
Debt€0.3m-€0.2m▼ 9.3%€0.3m▲ 17.0%€0.3m▲ 15.3%€0.3m▼ 18.2%€0.2m▼ 13.6%€0.3m▲ 9.1%
Working capital€0.5m-€0.5m▲ 8.2%€0.5mabove the sector's middle half▲ 3.3%€0.6mabove the sector's middle half▲ 9.6%€0.7mabove the sector's middle half▲ 12.6%€0.7mabove the sector's middle half▲ 5.8%€0.8mabove the sector's middle half▲ 11.1%
Solvency66.7%-69.7%▲ 3.0pp66.7%above the sector's middle half▼ 3.0pp65.4%above the sector's middle half▼ 1.3pp72.0%above the sector's middle half▲ 6.6pp76.7%above the sector's middle half▲ 4.7pp76.9%above the sector's middle half▲ 0.2pp
Current ratio2.88-3.24▲ 0.362.97above the sector's middle half▼ 0.272.87above the sector's middle half▼ 0.103.58above the sector's middle half▲ 0.714.18above the sector's middle half▲ 0.614.26above the sector's middle half▲ 0.07
Return on assets (ROA)7.8%-5.9%▼ 1.9pp13.1%above the sector's middle half▲ 7.2pp18.7%above the sector's middle half▲ 5.6pp15.6%above the sector's middle half▼ 3.1pp11.9%above the sector's middle half▼ 3.8pp12.7%above the sector's middle half▲ 0.8pp
Staff (FTE)1-1=0.9below the sector's middle half▼ 10.0%0.9below the sector's middle half=0.1below the sector's middle half▼ 88.9%0.1below the sector's middle half=0.3below the sector's middle half▲ 200%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 15% higher than in 2023. It is a recovery after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€49,675 ▼ 0.9%
Current assets
€1.0m ▲ 10.5%
Equity and liabilities €1.1m
Equity
€831,368 ▲ 10.2%
Debt
€250,377 ▲ 9.1%
Debt's share of the balance-sheet total falls from 23.3% to 23.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€181,627▲
2023 · €157,901
Cash flow
€149,602▲
2023 · €127,688
Quick ratio
3.70▲
2023 · 3.58
Debt to equity
0.30▼
2023 · 0.30
ROE
16.5%▲
2023 · 15.5%
Interest coverage
17.06▼
2023 · 19.68
Debt ≤ 1 year
€242,523▲
2023 · €223,228
Income taxes
€27,533▲
2023 · €24,906
Staff costs
€14,083▲
2023 · €10,796
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 2 |
| part-time | 1 | 1 | 1 | 2 |
| in full-time equivalents | 0.9 | 0.1 | 0.1 | 0.2 |
| Average over the year, in full-time equivalents | 0.9 | 0.1 | 0.1 | 0.3 |
| On a permanent contract | 1 | 1 | 1 | - |
| Joined | 1 | 0 | 3 | 1 |
| Left | 1 | 1 | 3 | 2 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €7,140 | €4,045 | €45,185 | €12,206 |
| Depreciation and write-downs of the year | €9,262 | €11,388 | €11,058 | €12,665 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €23,329 | €293 | €242 | ▼ 17.4% |
| Remuneration, social security and pensions62 | - | - | - | €9,073 | €8,080 | €10,796 | €14,083 | ▲ 30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,074 | €20,844 | €24,456 | €9,262 | €11,388 | €11,058 | €12,665 | ▲ 14.5% |
| Other operating charges640/8 | - | - | - | €921 | €868 | €960 | €968 | ▲ 0.8% |
| Gross operating margin9900 | €162,984 | €149,204 | €209,496 | €214,608 | €188,089 | €169,657 | €196,677 | ▲ 15.9% |
| Operating profit (loss)9901 | €72,462 | €58,138 | €118,233 | €195,351 | €167,753 | €146,844 | €168,962 | ▲ 15.1% |
| Financial income75/76B | - | - | - | €4,092 | €8,307 | €2,716 | €6,155 | ▲ 127% |
| Recurring financial income75 | €2,794 | €2,712 | €2,518 | €2,592 | €2,512 | €2,662 | €4,048 | ▲ 52.0% |
| Non-recurring financial income76B | - | - | - | €1,500 | €5,795 | €54 | €2,107 | ▲ 39× |
| Financial charges65/66B | - | - | - | €6,305 | €6,313 | €8,023 | €10,646 | ▲ 32.7% |
| Recurring financial charges65 | €8,072 | €6,837 | €6,631 | €6,305 | €6,313 | €8,023 | €10,646 | ▲ 32.7% |
| Profit (loss) for the period before taxes9903 | €67,237 | €56,358 | €116,120 | €193,139 | €169,746 | €141,537 | €164,470 | ▲ 16.2% |
| Income taxes67/77 | €5,244 | €9,725 | €5,131 | €17,611 | €21,725 | €24,906 | €27,533 | ▲ 10.5% |
| Profit (loss) for the period9904 | €61,993 | €46,633 | €110,989 | €175,529 | €148,021 | €116,630 | €136,937 | ▲ 17.4% |
| Profit (loss) for the period to be appropriated9905 | €61,993 | €46,633 | €110,989 | €175,529 | €148,021 | €116,630 | €136,937 | ▲ 17.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | €1.0m | €1.1m | ▲ 9.9% |
| Fixed assets21/28 | €0.05m | €0.03m | €0.03m | €0.02m | €0.02m | €0.05m | €0.05m | ▼ 0.9% |
| Tangible fixed assets22/27 | €0.05m | €0.03m | €0.03m | €0.02m | €0.02m | €0.05m | €0.05m | ▼ 0.9% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.01m | €0.05m | €0.05m | ▲ 2.3% |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.005m | €0.002m | €0.001m | ▼ 61.9% |
| Current assets29/58 | €0.7m | €0.8m | €0.8m | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 10.5% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 0.6% |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 0.6% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | ▼ 15.4% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 0.1% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 26.6% |
| Current investments50/53 | - | - | - | - | - | - | €0.3m | - |
| Cash at bank and in hand54/58 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.5m | €0.4m | ▼ 22.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 4.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | €1.0m | €1.1m | ▲ 9.9% |
| Equity10/15 | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | €0.8m | €0.8m | ▲ 10.2% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 14.1% |
| Amounts payable17/49 | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 9.1% |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 8.6% |
| Trade debts44 | €0.07m | €0.07m | €0.05m | €0.08m | €0.07m | €0.07m | €0.08m | ▲ 7.1% |
| Suppliers440/4 | - | - | - | €0.08m | €0.07m | €0.07m | €0.08m | ▲ 7.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.006m | €0.004m | €0.004m | ▲ 22.2% |
| Taxes450/3 | - | - | - | €0.009m | €0.006m | €0.004m | €0.004m | ▲ 22.2% |
| Remuneration and social security454/9 | - | - | - | €0.001m | €0.001m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 9.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.005m | €0.006m | €0.008m | ▲ 25.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,993 | €46,633 | €110,989 | €175,529 | €148,021 | €116,630 | €136,937 | ▲ 17.4% |
| + Depreciation and write-downs630 | €28,074 | €20,844 | €24,456 | €9,262 | €11,388 | €11,058 | €12,665 | ▲ 14.5% |
| Operating cash flow (approximation) | €90,068 | €67,477 | €135,445 | €184,791 | €159,409 | €127,688 | €149,602 | ▲ 17.2% |
| Investment in fixed assets (approximation) | - | -€1,500 | -€17,814 | -€7,140 | -€4,045 | -€45,185 | -€12,206 | ▲ 73.0% |
| Change in cash | - | €49,032 | €30,914 | €71,517 | -€10,548 | €28,568 | -€102,595 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as ASSENTFARMA has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ASSENTFARMA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,368 companies, not a prediction for ASSENTFARMA. 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.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 12-06-2025 | 2025-00142284 | |
| 31-12-2023 | abbreviated format | 28-05-2024 | 2024-00100597 | |
| 31-12-2022 | abbreviated format | 13-07-2023 | 2023-00238302 | |
| 31-12-2021 | abbreviated format | 02-06-2022 | 2022-20051180 | |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-34500420 | |
| 31-12-2019 | abbreviated format | 04-06-2020 | 2020-14800236 | |
| 31-12-2018 | abbreviated format | 07-06-2019 | 2019-17100061 | |
| 31-12-2017 | abbreviated format | 25-05-2018 | 2018-14000593 | |
| 31-12-2016 | abbreviated format | 08-06-2017 | 2017-16200005 | |
| 31-12-2015 | abbreviated format | 27-05-2016 | 2016-13700419 |