Summary
FARMA+ has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €374,843 and a net result of €102,776. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 53% of 10,584 sector peers (NACE 70, fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, abbreviated schema
Equity
€374,843▼ 9.2%
2024 · €412,973
Total assets
€676,797▼ 9.1%
2024 · €744,280
Net result
€102,776▼ 0.2%
2024 · €103,024
Working capital
-€27,478
2024 · €53,375
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result recovers in 2025; 2025 is 5% above 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€54,996
2025
Net result€102,776
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€676,797
2025
Equity€374,843
2025
Debt€301,954
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€27,478
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)15.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency55.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.77
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€7,183-€9,369▲ 30.4%€7,576▼ 19.1%€8,425▲ 11.2%€22,563▲ 168%€63,640▲ 182%€52,533▼ 17.5%€54,996▲ 4.7%
Net result€42,243-€35,848▼ 15.1%€41,999within the sector's middle half▲ 17.2%€43,013within the sector's middle half▲ 2.4%€55,894within the sector's middle half▲ 29.9%€70,161within the sector's middle half▲ 25.5%€103,024within the sector's middle half▲ 46.8%€102,776within the sector's middle half▼ 0.2%
Equity€338,210-€374,059▲ 10.6%€381,058within the sector's middle half▲ 1.9%€389,070within the sector's middle half▲ 2.1%€317,879within the sector's middle half▼ 18.3%€345,797within the sector's middle half▲ 8.8%€412,973within the sector's middle half▲ 19.4%€374,843within the sector's middle half▼ 9.2%
Total assets€654,414-€637,866▼ 2.5%€630,378within the sector's middle half▼ 1.2%€629,311within the sector's middle half▼ 0.2%€785,093within the sector's middle half▲ 24.8%€638,572within the sector's middle half▼ 18.7%€744,280within the sector's middle half▲ 16.6%€676,797within the sector's middle half▼ 9.1%
Debt€316,203-€263,807▼ 16.6%€249,321▼ 5.5%€240,241▼ 3.6%€467,215▲ 94.5%€292,775▼ 37.3%€331,307▲ 13.2%€301,954▼ 8.9%
Working capital-€241,073--€64,722▲ 73.2%-€108,874below the sector's middle half▼ 68.2%-€145,213below the sector's middle half▼ 33.4%-€57,386within the sector's middle half▲ 60.5%-€63,189within the sector's middle half▼ 10.1%€53,375within the sector's middle half-€27,478within the sector's middle half
Solvency51.7%-58.6%▲ 7.0pp60.4%within the sector's middle half▲ 1.8pp61.8%within the sector's middle half▲ 1.4pp40.5%within the sector's middle half▼ 21.3pp54.2%within the sector's middle half▲ 13.7pp55.5%within the sector's middle half▲ 1.3pp55.4%within the sector's middle half▼ 0.1pp
Current ratio0.22-0.45▲ 0.230.29below the sector's middle half▼ 0.160.23below the sector's middle half▼ 0.060.78within the sector's middle half▲ 0.540.46below the sector's middle half▼ 0.321.50within the sector's middle half▲ 1.050.77within the sector's middle half▼ 0.73
Return on assets (ROA)6.5%-5.6%▼ 0.8pp6.7%within the sector's middle half▲ 1.0pp6.8%within the sector's middle half▲ 0.2pp7.1%within the sector's middle half▲ 0.3pp11.0%within the sector's middle half▲ 3.9pp13.8%within the sector's middle half▲ 2.9pp15.2%within the sector's middle half▲ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €676,797
Fixed assets
€585,000 =
Current assets
€91,797 ▼ 42.4%
Equity and liabilities €676,797
Equity
€374,843 ▼ 9.2%
Debt
€301,954 ▼ 8.9%
Debt's share of the balance-sheet total rises from 44.5% to 44.6%. Equity and debt are lower.
Key figures and ratios
ROE
27.4%▲
2024 · 24.9%
Debt ≤ 1 year
€119,276▲
2024 · €105,905
Debt > 1 year
€182,679▼
2024 · €225,402
Income taxes
€20,437▲
2024 · €20,303
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | - | - | - | - | €400 | - |
| Gross operating margin9900 | €7,183 | €9,369 | €7,576 | €8,425 | €22,563 | €63,640 | €52,533 | €55,396 | ▲ 5.4% |
| Operating profit (loss)9901 | €7,183 | €9,369 | €7,576 | €8,425 | €22,563 | €63,640 | €52,533 | €54,996 | ▲ 4.7% |
| Financial income75/76B | - | - | - | €42,773 | €46,956 | €30,754 | €78,927 | €76,126 | ▼ 3.5% |
| Recurring financial income75 | €45,160 | €35,769 | €42,640 | €42,773 | €46,956 | €30,754 | €78,927 | €76,126 | ▼ 3.5% |
| Financial charges65/66B | - | - | - | €2,528 | €4,177 | €4,980 | €8,133 | €7,909 | ▼ 2.8% |
| Recurring financial charges65 | €5,257 | €4,500 | €2,887 | €2,528 | €4,177 | €4,980 | €8,133 | €7,909 | ▼ 2.8% |
| Profit (loss) for the period before taxes9903 | €47,086 | €40,638 | €47,329 | €48,671 | €65,341 | €89,413 | €123,327 | €123,213 | ▼ 0.1% |
| Income taxes67/77 | €4,843 | €4,789 | €5,330 | €5,658 | €9,448 | €19,252 | €20,303 | €20,437 | ▲ 0.7% |
| Profit (loss) for the period9904 | €42,243 | €35,848 | €41,999 | €43,013 | €55,894 | €70,161 | €103,024 | €102,776 | ▼ 0.2% |
| Profit (loss) for the period to be appropriated9905 | €42,243 | €35,848 | €41,999 | €43,013 | €55,894 | €70,161 | €103,024 | €102,776 | ▼ 0.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €654,414 | €637,866 | €630,378 | €629,311 | €785,093 | €638,572 | €744,280 | €676,797 | ▼ 9.1% |
| Fixed assets21/28 | €585,000 | €585,000 | €585,000 | €585,000 | €585,000 | €585,000 | €585,000 | €585,000 | = |
| Financial fixed assets28 | €585,000 | €585,000 | €585,000 | €585,000 | €585,000 | €585,000 | €585,000 | €585,000 | = |
| Current assets29/58 | €69,414 | €52,866 | €45,378 | €44,311 | €200,093 | €53,572 | €159,280 | €91,797 | ▼ 42.4% |
| Amounts receivable after more than one year29 | - | - | - | - | €174,281 | €46,914 | €6,783 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | - | €174,281 | €46,914 | €6,783 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €1,053 | €3,063 | €2,767 | €234 | €1,331 | €0 | €114,917 | €18,370 | ▼ 84.0% |
| Trade receivables40 | - | - | - | - | - | - | €9,000 | €9,500 | ▲ 5.6% |
| Other amounts receivable41 | - | - | - | €234 | €1,331 | €0 | €105,917 | €8,870 | ▼ 91.6% |
| Cash at bank and in hand54/58 | €65,994 | €47,436 | €40,244 | €41,710 | €19,236 | €5,329 | €35,213 | €71,060 | ▲ 102% |
| Deferred charges and accrued income490/1 | - | - | - | €2,367 | €5,246 | €1,329 | €2,367 | €2,367 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €654,414 | €637,866 | €630,378 | €629,311 | €785,093 | €638,572 | €744,280 | €676,797 | ▼ 9.1% |
| Equity10/15 | €338,210 | €374,059 | €381,058 | €389,070 | €317,879 | €345,797 | €412,973 | €374,843 | ▼ 9.2% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €241,188 | €277,037 | €284,035 | €292,048 | €220,857 | €248,954 | €316,130 | €278,000 | ▼ 12.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €290,188 | €218,997 | €247,094 | €314,270 | €276,140 | ▼ 12.1% |
| Profit (loss) carried forward14 | €84,622 | €84,622 | €84,622 | €84,622 | €84,622 | €84,443 | €84,443 | €84,443 | = |
| Amounts payable17/49 | €316,203 | €263,807 | €249,321 | €240,241 | €467,215 | €292,775 | €331,307 | €301,954 | ▼ 8.9% |
| Amounts payable after more than one year17 | - | €139,076 | €94,682 | €49,609 | €209,735 | €175,798 | €225,402 | €182,679 | ▼ 19.0% |
| Financial debts170/4 | - | - | - | €49,609 | €209,735 | €175,798 | €225,402 | €182,679 | ▼ 19.0% |
| Amounts payable within one year42/48 | €310,486 | €117,588 | €154,252 | €189,524 | €257,479 | €116,761 | €105,905 | €119,276 | ▲ 12.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €45,073 | €75,306 | €33,937 | €41,630 | €47,784 | ▲ 14.8% |
| Trade debts44 | €4,194 | €3,365 | €3,215 | €2,832 | €875 | €0 | €838 | €1,397 | ▲ 66.7% |
| Suppliers440/4 | - | - | - | €2,832 | €875 | €0 | €838 | €1,397 | ▲ 66.7% |
| Taxes, remuneration and social security45 | - | - | - | €5,560 | €7,928 | €13,487 | €4,554 | €8,082 | ▲ 77.5% |
| Taxes450/3 | - | - | - | €3,239 | €5,606 | €13,487 | €4,554 | €8,082 | ▲ 77.5% |
| Remuneration and social security454/9 | - | - | - | €2,322 | €2,322 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €136,058 | €173,371 | €69,337 | €58,883 | €62,012 | ▲ 5.3% |
| Accrued charges and deferred income492/3 | - | - | - | €1,108 | €0 | €215 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,243 | €35,848 | €41,999 | €43,013 | €55,894 | €70,161 | €103,024 | €102,776 | ▼ 0.2% |
| Operating cash flow (approximation) | €42,243 | €35,848 | €41,999 | €43,013 | €55,894 | €70,161 | €103,024 | €102,776 | ▼ 0.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€18,558 | -€7,192 | €1,466 | -€22,474 | -€13,907 | €29,884 | €35,847 | ▲ 20.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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