FARMA V.T.B.
ActiveFARMA V.T.B. has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170k and a net result of €117k. Equity is growing by ~37% per year across the filed fiscal years. Its solvency ranks better than 50% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency62▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.33 in 2024; short-term debt: 62.7% and cash: 29.8% of total assets), and 62.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
37.3%
Return on assets
25.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
37 d early
2023
35 d early
2022
80 d early
2021
93 d early
2020
121 d early
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€170k▲ 21.7%
2024 · €140k
2018: €97k
2019: €22k
2020: €38k
2021: €44k
2022: €58k
2023: €93k
2024: €140k
2018 → 2025
Total assets
€457k▲ 0.7%
2024 · €453k
2018: €100k
2019: €108k
2020: €42k
2021: €258k
2022: €348k
2023: €359k
2024: €453k
2018 → 2025
Net result
€117k▼ 20.2%
2024 · €147k
2018: €32k
2019: €10k
2020: €16k
2021: €6k
2022: €74k
2023: €110k
2024: €147k
2018 → 2025
Working capital
€124k▲ 20.8%
2024 · €102k
2018: €96k
2019: €21k
2020: €38k
2021: €30k
2022: €33k
2023: €50k
2024: €102k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€58k▲ 30.9%€93k▲ 59.4%€140k▲ 50.9%€170k▲ 21.7%
Operating result€8k-€80k▲ 868%€123k▲ 54.5%€164k▲ 33.3%€128k▼ 21.9%
Net result€6k-€74k▲ 1,045%€110k▲ 48.5%€147k▲ 34.3%€117k▼ 20.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €457k
Fixed assets
€47k▲ 24.2%
Current assets
€410k▼ 1.4%
Equity and liabilities €457k
Equity
€170k▲ 21.7%
Debt
€287k▼ 8.6%
The debt ratio falls from 69.2% to 62.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€137k▼
2024 · €175k
Cash flow
€126k▼
2024 · €158k
Solvency
37.3%▲
2024 · 30.8%
Current ratio
1.43▲
2024 · 1.33
Quick ratio
0.95▲
2024 · 0.91
Debt / equity
1.68▼
2024 · 2.24
ROE
69.0%▼
2024 · 105.2%
ROA
25.7%▼
2024 · 32.4%
Interest coverage
66.52▼
2024 · 117.32
Debt
€287k▼
2024 · €314k
Debt ≤ 1 year
€287k▼
2024 · €314k
Income taxes
€10k▼
2024 · €16k
Staff costs
€72k▲
2024 · €69k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€453k€457k▲
Fixed assets21/28€37k€47k▲
Tangible fixed assets22/27€32k€38k▲
Land and buildings22€25k€23k▼
Plant, machinery and equipment23€8k€15k▲
Financial fixed assets28€5k€9k▲
Current assets29/58€416k€410k▼
Stocks and contracts in progress3€131k€138k▲
Stocks30/36€131k€138k▲
Amounts receivable within one year40/41€153k€132k▼
Trade receivables40€149k€120k▼
Other amounts receivable41€4k€11k▲
Cash at bank and in hand54/58€128k€136k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€453k€457k▲
Equity10/15€140k€170k▲
Contributions10/11€19k€19k=
Reserves13€121k€152k▲
Distributable reserves133€121k€152k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€314k€287k▼
Amounts payable within one year42/48€314k€287k▼
Trade debts44€85k€73k▼
Suppliers440/4€85k€73k▼
Taxes, remuneration and social security45€14k€15k▲
Taxes450/3€5k€5k▲
Remuneration and social security454/9€9k€9k▲
Other amounts payable47/48€214k€199k▼
Income statement
Code20242025
Remuneration, social security and pensions62€69k€72k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€8k▼
Other operating charges640/8€997€920▼
Gross operating margin9900€246k€210k▼
Operating profit (loss)9901€164k€128k▼
Financial income75/76B€370€974▲
Recurring financial income75€370€974▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€163k€127k▼
Income taxes67/77€16k€10k▼
Profit (loss) for the period9904€147k€117k▼
Profit (loss) for the period to be appropriated9905€147k€117k▼
Appropriation of the result
Profit (loss) to be appropriated9906€147k€117k▼
Transfer to equity691/2€47k€30k▼
To other reserves6921€47k€30k▼
Profit to be distributed694/7€100k€87k▼
Directors or managers695€100k€87k▼
Social balance
Average headcount (FTE)90870.8-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150kEq €170k ▲21.7%
8 profitable years in a row build equity to €170k.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €147k ▲34.3%
Operating result €164k, net result €147k, both a record.
31-12
Financial
Equity above €100kEq €140k ▲50.9%
7 profitable years in a row build equity to €140k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €6k ▼60%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 8current ratio 10.09
Current ratio from 1.25 to 10.09; short-term debt falls from €86k to €4k.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
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.
Directors · office · real estate
Directors
3 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, Oud-Turnhout · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Draaiboom 352360 Oud-TurnhoutGround area
1,219 m²
Building footprint
301 m²
Volume, LiDAR
1,897 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Apotheek Van Tendeloo
since 19922.056.652.101
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F0678/00M000 | Flanders | 617 m² | 1 · 143 m² | 9.5 m · 2 fl. |
| 13036B0014/00L000 | Flanders | 602 m² | 1 · 158 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 108 EUR awarded · 108 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 108 EUR | 108 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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APOTHEEK SYNAPS PARK
BE 0683.892.956
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BE 0446.071.227
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ELAPHARMA
BE 0785.990.208
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APOTHEEK DE REIGER
BE 0425.748.440
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PHARMACIE EVRARD - NORTIER
BE 0464.369.880
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Of 5,222 companies in sector 47730 we hold annual accounts for 3,861. 3,573 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-1991
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
52310
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.