B-FARM
ActiveSummary
The computed 12-month bankruptcy probability of B-FARM is 2.9% (moderate). The 2024 annual accounts show equity of €98k and a net result of €91k. Equity is growing by ~103.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 6720 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency72▲+40
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 0.59 in 2023; short-term debt: 39.7% and cash: 6.6% of total assets), but 52.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
27 d late
2022
122 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€98k▲ 1,312%
2023 · €7k
2021: €11k
2022: €25k▲ +123% vs 2021
2023: €7k▼ -71.8% vs 2022lowest in 4 years
2024: €98k▲ +1312% vs 2023highest in 4 years
2021 → 2024
Total assets
€209k▲ 105%
2023 · €102k
2021: €21klowest in 4 years
2022: €64k▲ +200% vs 2021
2023: €102k▲ +58.2% vs 2022
2024: €209k▲ +105% vs 2023highest in 4 years
2021 → 2024
Net result
€91k
2023 · €-18k
2021: €10k
2022: €14k▲ +41.8% vs 2021
2023: €-18k▼ -230% vs 2022lowest in 4 years
2024: €91k▲ +615% vs 2023highest in 4 years
2021 → 2024
Working capital
€73k
2023 · €-23k
2021: €11k
2022: €1k▼ -87.5% vs 2021
2023: €-23k▼ -1764% vs 2022lowest in 4 years
2024: €73k▲ +416% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€11k-€25k▲ 123%€7k▼ 71.8%€98k▲ 1,312%
2021: €11k
2022: €25k▲ +123% vs 2021
2023: €7k▼ -71.8% vs 2022lowest in 4 years
2024: €98k▲ +1312% vs 2023highest in 4 years
Operating result€10k-€20k▲ 86.9%€-15k€124k
2021: €10k
2022: €20k▲ +86.9% vs 2021
2023: €-15k▼ -177% vs 2022lowest in 4 years
2024: €124k▲ +920% vs 2023highest in 4 years
Net result€10k-€14k▲ 41.8%€-18k€91k
2021: €10k
2022: €14k▲ +41.8% vs 2021
2023: €-18k▼ -230% vs 2022lowest in 4 years
2024: €91k▲ +615% vs 2023highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €124k after a loss of €15k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €209k
Fixed assets
€53k ▼ 22.7%
Current assets
€156k ▲ 365%
Equity and liabilities €209k
Equity
€98k ▲ 1,312%
Debt
€110k ▲ 16.5%
Debt's share of the balance-sheet total falls from 93.1% to 52.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€143k▲
2023 · €-693
Cash flow
€110k▲
2023 · €-3k
Current ratio
1.88▲
2023 · 0.59
Debt to equity
1.12▼
2023 · 13.59
ROE
92.9%▲
2023 · -254.7%
ROA
43.8%▲
2023 · -17.5%
Interest coverage
47.96▲
2023 · -0.27
Debt ≤ 1 year
€83k▲
2023 · €57k
Debt > 1 year
€28k▼
2023 · €38k
Income taxes
€30k▲
2023 · €95
Staff costs
€33k▼
2023 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1k | - |
| Remuneration, social security and pensions62 | €3k | €33k | €36k | €33k | ▼ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €12k | €14k | €19k | ▲ 31.2% |
| Other operating charges640/8 | €2k | €284 | €484 | €387 | ▼ 20.1% |
| Gross operating margin9900 | €16k | €65k | €35k | €176k | ▲ 398% |
| Operating profit (loss)9901 | €10k | €20k | €-15k | €124k | ▲ 920% |
| Financial charges65/66B | €873 | €611 | €3k | €3k | ▲ 18.1% |
| Recurring financial charges65 | €873 | €611 | €3k | €3k | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €10k | €19k | €-18k | €121k | ▲ 786% |
| Income taxes67/77 | - | €5k | €95 | €30k | ▲ 31,031% |
| Profit (loss) for the period9904 | €10k | €14k | €-18k | €91k | ▲ 615% |
| Profit (loss) for the period to be appropriated9905 | €10k | €14k | €-18k | €91k | ▲ 615% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €21k | €64k | €102k | €209k | ▲ 105% |
| Fixed assets21/28 | - | €23k | €68k | €53k | ▼ 22.7% |
| Tangible fixed assets22/27 | - | €23k | €68k | €53k | ▼ 22.7% |
| Furniture and vehicles24 | - | €23k | €68k | €53k | ▼ 22.7% |
| Current assets29/58 | €21k | €41k | €34k | €156k | ▲ 365% |
| Amounts receivable within one year40/41 | €9 | €30k | €32k | €107k | ▲ 237% |
| Trade receivables40 | - | €29k | €32k | €107k | ▲ 237% |
| Other amounts receivable41 | €9 | €1k | - | - | - |
| Cash at bank and in hand54/58 | €12k | €2k | - | €14k | - |
| Deferred charges and accrued income490/1 | €10k | €9k | €2k | €35k | ▲ 1,878% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €21k | €64k | €102k | €209k | ▲ 105% |
| Equity10/15 | €11k | €25k | €7k | €98k | ▲ 1,312% |
| Contributions10/11 | €2k | €2k | €2k | €2k | = |
| Reserves13 | - | €14k | €14k | €97k | ▲ 612% |
| Distributable reserves133 | - | €14k | €14k | €97k | ▲ 612% |
| Profit (loss) carried forward14 | €10k | €10k | €-8k | - | - |
| Amounts payable17/49 | €10k | €40k | €95k | €110k | ▲ 16.5% |
| Amounts payable after more than one year17 | - | - | €38k | €28k | ▼ 27.6% |
| Financial debts170/4 | - | - | €38k | €28k | ▼ 27.6% |
| Amounts payable within one year42/48 | €10k | €40k | €57k | €83k | ▲ 46.1% |
| Current portion of amounts payable after more than one year42 | - | - | €10k | €10k | ▲ 4.9% |
| Trade debts44 | €4k | €17k | €15k | €6k | ▼ 60.0% |
| Suppliers440/4 | €4k | €17k | €15k | €6k | ▼ 60.0% |
| Taxes, remuneration and social security45 | €5k | €7k | €16k | €43k | ▲ 172% |
| Taxes450/3 | €4k | €5k | €16k | €43k | ▲ 172% |
| Remuneration and social security454/9 | €2k | €2k | - | - | - |
| Other amounts payable47/48 | €1k | €15k | €16k | €24k | ▲ 46.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €14k | €-18k | €91k | ▲ 615% |
| + Depreciation and write-downs630 | - | €12k | €14k | €19k | ▲ 31.2% |
| Operating cash flow (approximation) | €10k | €25k | €-3k | €110k | ▲ 3,432% |
| Investment in fixed assets (approximation) | - | - | €-59k | €-4k | ▲ 94.1% |
| Change in cash | - | €-10k | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €91k
Net result €91k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.88
Current ratio from 0.59 to 1.88.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2020
Ground area
852 m²
Building footprint
164 m²
Volume, LiDAR
548 m³
Parcel 71052C0041/00Y012, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
B-FARM
since 20202.308.945.141
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71052C0041/00Y012 | Flanders | 852 m² | 1 · 164 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 6,339 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
43120Site preparation
43310Plastering work
43320Joinery installation
43410Roofing work
53200Other postal and courier activities
Contact
E-mail
bayramali@live.be
Phone
0465/356007
Scores and ratios are computed by Checked and are not a credit decision.