FARM.MEISER
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2024
2 d early
2023
5 d late
2022
10 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€125k▼ 35.8%
2023 · €195k
2019: €-218klowest in 6 years
2020: €254k▲ +217% vs 2019highest in 6 years
2021: €78k▼ -69.1% vs 2020
2022: €24k▼ -69.3% vs 2021
2023: €195k▲ +708% vs 2022
2024: €125k▼ -35.8% vs 2023
2019 → 2024
Working capital
€445k▲ 27.4%
2023 · €350k
2019: €238klowest in 6 years
2020: €450k▲ +88.8% vs 2019
2021: €488k▲ +8.4% vs 2020highest in 6 years
2022: €457k▼ -6.5% vs 2021
2023: €350k▼ -23.5% vs 2022
2024: €445k▲ +27.4% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€439k-€502k▲ 14.4%€511k▲ 1.8%€691k▲ 35.2%€801k▲ 15.9%
2020: €439klowest in 5 years
2021: €502k▲ +14.4% vs 2020
2022: €511k▲ +1.8% vs 2021
2023: €691k▲ +35.2% vs 2022
2024: €801k▲ +15.9% vs 2023highest in 5 years
Operating result€260k-€94k▼ 64.0%€32k▼ 66.2%€231k▲ 630%€151k▼ 34.7%
2020: €260khighest in 5 years
2021: €94k▼ -64.0% vs 2020
2022: €32k▼ -66.2% vs 2021lowest in 5 years
2023: €231k▲ +630% vs 2022
2024: €151k▼ -34.7% vs 2023
Net result€254k-€78k▼ 69.1%€24k▼ 69.3%€195k▲ 708%€125k▼ 35.8%
2020: €254khighest in 5 years
2021: €78k▼ -69.1% vs 2020
2022: €24k▼ -69.3% vs 2021lowest in 5 years
2023: €195k▲ +708% vs 2022
2024: €125k▼ -35.8% vs 2023
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 35% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.19M
Fixed assets
€1.40M ▼ 8.2%
Current assets
€798k ▼ 16.0%
Equity and liabilities €2.19M
Equity
€801k ▲ 15.9%
Debt
€1.39M ▼ 21.7%
Debt's share of the balance-sheet total falls from 72.0% to 63.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€284k▼
2023 · €343k
Cash flow
€258k▼
2023 · €307k
Current ratio
2.26▲
2023 · 1.58
Quick ratio
1.86▲
2023 · 1.32
Debt to equity
1.74▼
2023 · 2.58
ROE
15.6%▼
2023 · 28.2%
ROA
5.7%▼
2023 · 7.9%
Interest coverage
4.23▼
2023 · 7.66
Debt ≤ 1 year
€353k▼
2023 · €600k
Debt > 1 year
€1.04M▼
2023 · €1.18M
Income taxes
€36k▼
2023 · €56k
Staff costs
€467k▲
2023 · €408k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.47M€2.19M▼
Fixed assets21/28€1.52M€1.40M▼
Tangible fixed assets22/27€1.52M€1.40M▼
Land and buildings22€1.21M€1.16M▼
Plant, machinery and equipment23€111k€87k▼
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€200k€149k▼
Financial fixed assets28€283€283=
Current assets29/58€950k€798k▼
Stocks and contracts in progress3€159k€144k▼
Stocks30/36€159k€144k▼
Amounts receivable within one year40/41€676k€557k▼
Trade receivables40€8k€4k▼
Other amounts receivable41€668k€553k▼
Cash at bank and in hand54/58€81k€53k▼
Deferred charges and accrued income490/1€34k€45k▲
Equity and liabilities
Total equity and liabilities10/49€2.47M€2.19M▼
Equity10/15€691k€801k▲
Contributions10/11€300k€300k=
Profit (loss) carried forward14€334k€459k▲
Investment grants15€57k€41k▼
Amounts payable17/49€1.78M€1.39M▼
Amounts payable after more than one year17€1.18M€1.04M▼
Financial debts170/4€1.18M€1.04M▼
Amounts payable within one year42/48€600k€353k▼
Current portion of amounts payable after more than one year42€136k€139k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€391k€146k▼
Suppliers440/4€391k€146k▼
Taxes, remuneration and social security45€71k€66k▼
Taxes450/3€20k€7k▼
Remuneration and social security454/9€51k€59k▲
Other amounts payable47/48€2k€2k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€408k€467k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€133k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€18k€19k▲
Gross operating margin9900€769k€770k▲
Operating profit (loss)9901€231k€151k▼
Financial income75/76B€65k€77k▲
Recurring financial income75€65k€77k▲
Financial charges65/66B€45k€67k▲
Recurring financial charges65€45k€67k▲
Profit (loss) for the period before taxes9903€251k€161k▼
Income taxes67/77€56k€36k▼
Profit (loss) for the period9904€195k€125k▼
Profit (loss) for the period to be appropriated9905€195k€125k▼
Appropriation of the result
Profit (loss) to be appropriated9906€334k€459k▲
Profit (loss) brought forward from the previous period14P€139k€334k▲
Social balance
Average headcount (FTE)90879.29.7▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €129 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €573k | €448k | €408k | €467k | ▲ 14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88k | €91k | €94k | €112k | €133k | ▲ 18.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2k | €6k | €0 | - | - |
| Other operating charges640/8 | - | €12k | €15k | €18k | €19k | ▲ 7.9% |
| Gross operating margin9900 | €889k | €772k | €596k | €769k | €770k | ▲ 0.1% |
| Operating profit (loss)9901 | €260k | €94k | €32k | €231k | €151k | ▼ 34.7% |
| Financial income75/76B | - | €45k | €46k | €65k | €77k | ▲ 19.6% |
| Recurring financial income75 | €41k | €45k | €46k | €65k | €77k | ▲ 19.6% |
| Financial charges65/66B | - | €31k | €32k | €45k | €67k | ▲ 49.6% |
| Recurring financial charges65 | €33k | €31k | €32k | €45k | €67k | ▲ 49.6% |
| Profit (loss) for the period before taxes9903 | €268k | €108k | €46k | €251k | €161k | ▼ 35.8% |
| Income taxes67/77 | €14k | €29k | €22k | €56k | €36k | ▼ 35.9% |
| Profit (loss) for the period9904 | €254k | €78k | €24k | €195k | €125k | ▼ 35.8% |
| Profit (loss) for the period to be appropriated9905 | €254k | €78k | €24k | €195k | €125k | ▼ 35.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.54M | €1.58M | €1.40M | €2.47M | €2.19M | ▼ 11.2% |
| Fixed assets21/28 | €532k | €460k | €391k | €1.52M | €1.40M | ▼ 8.2% |
| Tangible fixed assets22/27 | €532k | €459k | €390k | €1.52M | €1.40M | ▼ 8.2% |
| Land and buildings22 | - | - | - | €1.21M | €1.16M | ▼ 4.1% |
| Plant, machinery and equipment23 | - | €160k | €138k | €111k | €87k | ▼ 21.5% |
| Furniture and vehicles24 | - | €1k | €892 | €4k | €3k | ▼ 25.1% |
| Other tangible fixed assets26 | - | €298k | €252k | €200k | €149k | ▼ 25.5% |
| Financial fixed assets28 | - | €463 | €283 | €283 | €283 | = |
| Current assets29/58 | €1.01M | €1.12M | €1.00M | €950k | €798k | ▼ 16.0% |
| Stocks and contracts in progress3 | €216k | €200k | €196k | €159k | €144k | ▼ 9.5% |
| Stocks30/36 | - | €200k | €196k | €159k | €144k | ▼ 9.5% |
| Amounts receivable within one year40/41 | €748k | €854k | €738k | €676k | €557k | ▼ 17.6% |
| Trade receivables40 | - | €11k | €18k | €8k | €4k | ▼ 43.5% |
| Other amounts receivable41 | - | €844k | €720k | €668k | €553k | ▼ 17.3% |
| Cash at bank and in hand54/58 | €41k | €56k | €52k | €81k | €53k | ▼ 34.7% |
| Deferred charges and accrued income490/1 | - | €10k | €19k | €34k | €45k | ▲ 30.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.54M | €1.58M | €1.40M | €2.47M | €2.19M | ▼ 11.2% |
| Equity10/15 | €439k | €502k | €511k | €691k | €801k | ▲ 15.9% |
| Contributions10/11 | - | €300k | €300k | €300k | €300k | = |
| Profit (loss) carried forward14 | €37k | €115k | €139k | €334k | €459k | ▲ 37.5% |
| Investment grants15 | - | €87k | €72k | €57k | €41k | ▼ 26.8% |
| Amounts payable17/49 | €1.11M | €1.08M | €884k | €1.78M | €1.39M | ▼ 21.7% |
| Amounts payable after more than one year17 | €533k | €436k | €336k | €1.18M | €1.04M | ▼ 11.6% |
| Financial debts170/4 | - | €436k | €336k | €1.18M | €1.04M | ▼ 11.6% |
| Amounts payable within one year42/48 | €562k | €632k | €548k | €600k | €353k | ▼ 41.2% |
| Current portion of amounts payable after more than one year42 | - | €98k | €99k | €136k | €139k | ▲ 2.1% |
| Financial debts43 | - | €118 | €352 | €0 | - | - |
| Credit institutions430/8 | - | €118 | €352 | €0 | - | - |
| Trade debts44 | €356k | €419k | €408k | €391k | €146k | ▼ 62.7% |
| Suppliers440/4 | - | €419k | €408k | €391k | €146k | ▼ 62.7% |
| Taxes, remuneration and social security45 | - | €90k | €39k | €71k | €66k | ▼ 7.7% |
| Taxes450/3 | - | €22k | €2k | €20k | €7k | ▼ 67.8% |
| Remuneration and social security454/9 | - | €68k | €38k | €51k | €59k | ▲ 16.2% |
| Other amounts payable47/48 | - | €25k | €506 | €2k | €2k | ▲ 32.9% |
| Accrued charges and deferred income492/3 | - | €10k | €0 | €2k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €254k | €78k | €24k | €195k | €125k | ▼ 35.8% |
| + Depreciation and write-downs630 | €88k | €91k | €94k | €112k | €133k | ▲ 18.5% |
| Operating cash flow (approximation) | €342k | €170k | €118k | €307k | €258k | ▼ 16.0% |
| Investment in fixed assets (approximation) | - | €-19k | €-25k | €-1.24M | €-8k | ▲ 99.3% |
| Change in cash | - | €15k | €-4k | €29k | €-28k | ▼ 196% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
25-07
State Gazette act
General meeting · Merger
Accounting effect · Power of attorney
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 5 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Equity above €500kEq €502k ▲14.4%
2 profitable years in a row build equity to €502k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €254k
Net result €254k after one loss-making year.
31-12
Financial
Equity above €200kEq €439k ▲120%
Equity rises from €199k to €439k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:färm.coop