FARMA - IMMO
ActiveSummary
FARMA - IMMO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.33M and a net result of €1.14M. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 76% of 1208 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+25
Solvency91▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.09 in 2024; short-term debt: 23.3% and cash: 4.7% of total assets), and 33.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.2%
Return on assets
10.3%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €7.33M
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
28 d late
2022
21 d early
2021
25 d early
2020
27 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€7.33M▲ 18.4%
2024 · €6.19M
Total assets
€11.08M▲ 0.8%
2024 · €10.99M
Net result
€1.14M▲ 1,748%
2024 · €62k
Working capital
€-1.99M▲ 38.0%
2024 · €-3.20M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€202k▲ 15.4%€248k▲ 22.6%€299k▲ 20.6%€239k▼ 20.1%€1.63M▲ 584%
Net result€61k▲ 766%€258k▲ 320%€75k▼ 71.1%€62k▼ 17.1%€1.14M▲ 1,748%
Equity€5.90M▲ 1.7%€6.07M▲ 2.8%€6.13M▲ 1.1%€6.19M▲ 0.9%€7.33M▲ 18.4%
Total assets€11.70M▼ 1.6%€11.73M▲ 0.3%€11.49M▼ 2.0%€10.99M▼ 4.4%€11.08M▲ 0.8%
Debt€5.04M▼ 1.9%€4.88M▼ 3.2%€4.57M▼ 6.2%€4.05M▼ 11.4%€2.94M▼ 27.4%
Working capital€-3.99M▲ 1.3%€-3.93M▲ 1.3%€-3.54M▲ 10.1%€-3.20M▲ 9.5%€-1.99M▲ 38.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 584% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.08M
Fixed assets
€10.48M ▼ 2.0%
Current assets
€602k ▲ 101%
Equity and liabilities €11.08M
Equity
€7.33M ▲ 18.4%
Provisions
€809k ▲ 8.3%
Debt
€2.94M ▼ 27.4%
Debt's share of the balance-sheet total falls from 36.9% to 26.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.09M▲
2024 · €700k
Cash flow
€1.60M▲
2024 · €523k
Current ratio
0.23▲
2024 · 0.09
Debt to equity
0.40▼
2024 · 0.65
ROE
15.6%▲
2024 · 1.0%
ROA
10.3%▲
2024 · 0.6%
Interest coverage
17.82▲
2024 · 4.51
Debt ≤ 1 year
€2.59M▼
2024 · €3.50M
Debt > 1 year
€354k▼
2024 · €479k
Income taxes
€313k▲
2024 · €60k
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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €53k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €469k | €464k | €465k | €461k | €461k | ▼ 0.1% |
| Other operating charges640/8 | - | €140k | €345k | €128k | €181k | ▲ 40.7% |
| Non-recurring operating charges66A | - | - | €687 | - | - | - |
| Gross operating margin9900 | €750k | €851k | €1.11M | €828k | €2.28M | ▲ 175% |
| Operating profit (loss)9901 | €202k | €248k | €299k | €239k | €1.63M | ▲ 584% |
| Financial income75/76B | - | €246k | - | - | €0 | - |
| Recurring financial income75 | €31 | €246k | - | - | €0 | - |
| Non-recurring financial income76B | - | €246k | - | - | - | - |
| Financial charges65/66B | - | €179k | €164k | €155k | €118k | ▼ 24.3% |
| Recurring financial charges65 | €157k | €179k | €164k | €155k | €118k | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | €46k | €315k | €135k | €84k | €1.52M | ▲ 1,714% |
| Transfer from deferred taxes780 | - | €40k | €4k | €38k | €34k | ▼ 9.4% |
| Transfer to deferred taxes680 | - | €62k | - | - | €96k | - |
| Income taxes67/77 | €23k | €35k | €64k | €60k | €313k | ▲ 426% |
| Profit (loss) for the period9904 | €61k | €258k | €75k | €62k | €1.14M | ▲ 1,748% |
| Transfer from tax-exempt reserves789 | - | €119k | €117k | €148k | €102k | ▼ 31.0% |
| Transfer to tax-exempt reserves689 | - | €185k | - | - | €288k | - |
| Profit (loss) for the period to be appropriated9905 | €178k | €193k | €191k | €210k | €956k | ▲ 355% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.70M | €11.73M | €11.49M | €10.99M | €11.08M | ▲ 0.8% |
| Fixed assets21/28 | €11.54M | €11.55M | €11.08M | €10.69M | €10.48M | ▼ 2.0% |
| Tangible fixed assets22/27 | €11.51M | €11.52M | €11.05M | €10.66M | €10.45M | ▼ 2.0% |
| Land and buildings22 | - | €11.50M | €11.05M | €10.66M | €10.28M | ▼ 3.6% |
| Furniture and vehicles24 | - | €942 | €630 | €319 | €15k | ▲ 4,610% |
| Assets under construction and advance payments27 | - | €12k | - | - | €153k | - |
| Financial fixed assets28 | €29k | €29k | €29k | €29k | €33k | ▲ 13.2% |
| Current assets29/58 | €163k | €186k | €417k | €299k | €602k | ▲ 101% |
| Amounts receivable after more than one year29 | - | - | - | €29k | - | - |
| Trade receivables290 | - | - | - | €6k | - | - |
| Other amounts receivable291 | - | - | - | €23k | - | - |
| Amounts receivable within one year40/41 | €7k | €74k | €43k | - | €58k | - |
| Trade receivables40 | - | €74k | €10k | - | €49k | - |
| Other amounts receivable41 | - | €541 | €32k | - | €9k | - |
| Cash at bank and in hand54/58 | €131k | €61k | €373k | €270k | €522k | ▲ 93.5% |
| Deferred charges and accrued income490/1 | - | €51k | €1k | - | €22k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.70M | €11.73M | €11.49M | €10.99M | €11.08M | ▲ 0.8% |
| Equity10/15 | €5.90M | €6.07M | €6.13M | €6.19M | €7.33M | ▲ 18.4% |
| Contributions10/11 | €1.71M | €1.71M | €1.71M | €1.71M | €1.71M | = |
| Capital10 | - | €1.71M | €1.71M | €1.71M | €1.71M | = |
| Issued capital100 | - | €1.71M | €1.71M | €1.71M | €1.71M | = |
| Reserves13 | €2.46M | €2.54M | €2.43M | €2.29M | €2.49M | ▲ 8.7% |
| Non-distributable reserves130/1 | - | €138k | €147k | €158k | €171k | ▲ 8.4% |
| Legal reserve130 | - | €138k | €147k | €158k | €171k | ▲ 8.4% |
| Tax-exempt reserves132 | - | €2.37M | €2.25M | €2.10M | €2.29M | ▲ 8.8% |
| Distributable reserves133 | - | €34k | €34k | €34k | €34k | = |
| Profit (loss) carried forward14 | €1.72M | €1.82M | €1.99M | €2.19M | €3.13M | ▲ 43.1% |
| Provisions and deferred taxes16 | €767k | €789k | €785k | €747k | €809k | ▲ 8.3% |
| Deferred taxes168 | - | €789k | €785k | €747k | €809k | ▲ 8.3% |
| Amounts payable17/49 | €5.04M | €4.88M | €4.57M | €4.05M | €2.94M | ▼ 27.4% |
| Amounts payable after more than one year17 | €854k | €729k | €604k | €479k | €354k | ▼ 26.1% |
| Financial debts170/4 | - | €729k | €604k | €479k | €354k | ▼ 26.1% |
| Amounts payable within one year42/48 | €4.15M | €4.12M | €3.95M | €3.50M | €2.59M | ▼ 26.1% |
| Current portion of amounts payable after more than one year42 | - | €125k | €125k | €125k | €125k | = |
| Trade debts44 | €9k | €102k | €39k | €5k | €47k | ▲ 794% |
| Suppliers440/4 | - | €102k | €39k | €5k | €47k | ▲ 794% |
| Taxes, remuneration and social security45 | - | €19k | €2k | €13k | - | - |
| Taxes450/3 | - | €19k | €2k | €13k | - | - |
| Other amounts payable47/48 | - | €3.87M | €3.79M | €3.36M | €2.42M | ▼ 28.0% |
| Accrued charges and deferred income492/3 | - | €28k | €15k | €74k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €258k | €75k | €62k | €1.14M | ▲ 1,748% |
| + Depreciation and write-downs630 | €469k | €464k | €465k | €461k | €461k | ▼ 0.1% |
| Operating cash flow (approximation) | €530k | €722k | €540k | €523k | €1.60M | ▲ 207% |
| Investment in fixed assets (approximation) | - | €-470k | €4k | €-78k | €-249k | ▼ 221% |
| Change in cash | - | €-69k | €311k | €-103k | €252k | ▲ 345% |
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
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-06
Financial
Highest result since 2019net €1.14M ▲1,748%
Operating result €1.63M, net result €1.14M, both a record.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €7k ▼84.6%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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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Directors · office · real estate
Directors
10 acts for this company are 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, Beernem · 1 establishment unit since 1987
Ground area
3,280 m²
Building footprint
1,232 m²
Volume, LiDAR
7,244 m³
Parcel 31003D0006/00L003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
FARMA IMMO NV
since 19872.029.693.029
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003D0006/00L003 | Flanders | 3,280 m² | 1 · 1,232 m² | 8.5 m · 2 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.
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Of 1,280 companies in sector 81100 we hold annual accounts for 678. 227 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-05-1987
Fiscal year end30-06
Activities, NACEBEL 2025
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.