FARMADA
ActiveSummary
The computed 12-month bankruptcy probability of FARMADA is 2.9% (moderate). The 2024 annual accounts show negative equity (€-124k) and a net result of €24k. Equity is shrinking by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 6% of 26043 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
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 0.29 in 2023; short-term debt: 133.5% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-187.1%
Return on assets
36.6%
Age of the figures
21 mo
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 26043 sector peers (2024).
NBB · sector comparisonPosition among 26043 sector peers
Solvency
better than 6%
← weakest
strongest →
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 23-06-2025, 38 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
29 d early
2022
19 d early
2021
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-124k▲ 16.3%
2023 · €-148k
2021: €-33khighest in 4 years
2022: €-107k▼ -224% vs 2021
2023: €-148k▼ -37.8% vs 2022lowest in 4 years
2024: €-124k▲ +16.3% vs 2023
2021 → 2024
Total assets
€66k▲ 42.9%
2023 · €46k
2021: €32klowest in 4 years
2022: €38k▲ +17.3% vs 2021
2023: €46k▲ +23.2% vs 2022
2024: €66k▲ +42.9% vs 2023highest in 4 years
2021 → 2024
Net result
€24k
2023 · €-41k
2021: €-83klowest in 4 years
2022: €-74k▲ +10.7% vs 2021
2023: €-41k▲ +45.4% vs 2022
2024: €24k▲ +160% vs 2023highest in 4 years
2021 → 2024
Working capital
€-33k▲ 54.2%
2023 · €-72k
2021: €-45k
2022: €-102k▼ -129% vs 2021lowest in 4 years
2023: €-72k▲ +29.7% vs 2022
2024: €-33k▲ +54.2% 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€-33k-€-107k▼ 224%€-148k▼ 37.8%€-124k▲ 16.3%
2021: €-33khighest in 4 years
2022: €-107k▼ -224% vs 2021
2023: €-148k▼ -37.8% vs 2022lowest in 4 years
2024: €-124k▲ +16.3% vs 2023
Operating result€-83k-€-71k▲ 13.7%€-37k▲ 47.5%€30k
2021: €-83klowest in 4 years
2022: €-71k▲ +13.7% vs 2021
2023: €-37k▲ +47.5% vs 2022
2024: €30k▲ +180% vs 2023highest in 4 years
Net result€-83k-€-74k▲ 10.7%€-41k▲ 45.4%€24k
2021: €-83klowest in 4 years
2022: €-74k▲ +10.7% vs 2021
2023: €-41k▲ +45.4% vs 2022
2024: €24k▲ +160% 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: €30k after a loss of €37k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €66k
Fixed assets
€11k ▼ 39.1%
Current assets
€55k ▲ 93.4%
Key figures and ratios
EBITDA
€37k▲
2023 · €-31k
Cash flow
€31k▲
2023 · €-34k
Solvency
-187.1%▲
2023 · -319.6%
Current ratio
0.63▲
2023 · 0.29
Debt to equity
-1.53▼
2023 · -1.31
ROA
36.6%▲
2023 · -87.6%
Interest coverage
6.31▲
2023 · -9.35
Debt
€190k▼
2023 · €194k
Debt ≤ 1 year
€88k▼
2023 · €101k
Debt > 1 year
€61k▲
2023 · €59k
Staff costs
€91k▲
2023 · €79k
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 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€46k€66k▲
Fixed assets21/28€18k€11k▼
Intangible fixed assets21€18k€11k▼
Current assets29/58€29k€55k▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€23k€54k▲
Trade receivables40€23k€54k▲
Cash at bank and in hand54/58€4k€20▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€46k€66k▲
Equity10/15€-148k€-124k▲
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-198k€-174k▲
Amounts payable17/49€194k€190k▼
Amounts payable after more than one year17€59k€61k▲
Financial debts170/4€59k€61k▲
Amounts payable within one year42/48€101k€88k▼
Current portion of amounts payable after more than one year42€73k€55k▼
Trade debts44€23k€19k▼
Suppliers440/4€23k€19k▼
Taxes, remuneration and social security45€5k€14k▲
Taxes450/3€1k€4k▲
Remuneration and social security454/9€3k€10k▲
Other amounts payable47/48€71€71=
Accrued charges and deferred income492/3€34k€40k▲
Income statement
Code20232024
Non-recurring operating income76A€862€4k▲
Remuneration, social security and pensions62€79k€91k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€510€513▲
Non-recurring operating charges66A-€182
Gross operating margin9900€49k€129k▲
Operating profit (loss)9901€-37k€30k▲
Financial income75/76B€183€0▼
Recurring financial income75€183€0▼
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€-41k€24k▲
Profit (loss) for the period9904€-41k€24k▲
Profit (loss) for the period to be appropriated9905€-41k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-198k€-174k▲
Profit (loss) brought forward from the previous period14P€-157k€-198k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €862 | €4k | ▲ 340% |
| Remuneration, social security and pensions62 | - | €31k | €79k | €91k | ▲ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €6k | €6k | €7k | ▲ 7.2% |
| Other operating charges640/8 | €757 | €467 | €510 | €513 | ▲ 0.6% |
| Non-recurring operating charges66A | - | - | - | €182 | - |
| Gross operating margin9900 | €-80k | €-33k | €49k | €129k | ▲ 164% |
| Operating profit (loss)9901 | €-83k | €-71k | €-37k | €30k | ▲ 180% |
| Financial income75/76B | - | €0 | €183 | €0 | ▼ 99.8% |
| Recurring financial income75 | - | €0 | €183 | €0 | ▼ 99.8% |
| Financial charges65/66B | €589 | €3k | €3k | €6k | ▲ 76.8% |
| Recurring financial charges65 | €589 | €3k | €3k | €6k | ▲ 76.8% |
| Profit (loss) for the period before taxes9903 | €-83k | €-74k | €-41k | €24k | ▲ 160% |
| Profit (loss) for the period9904 | €-83k | €-74k | €-41k | €24k | ▲ 160% |
| Profit (loss) for the period to be appropriated9905 | €-83k | €-74k | €-41k | €24k | ▲ 160% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €32k | €38k | €46k | €66k | ▲ 42.9% |
| Fixed assets21/28 | €17k | €10k | €18k | €11k | ▼ 39.1% |
| Intangible fixed assets21 | €17k | €10k | €18k | €11k | ▼ 39.1% |
| Current assets29/58 | €15k | €27k | €29k | €55k | ▲ 93.4% |
| Stocks and contracts in progress3 | - | €7k | €0 | - | - |
| Stocks30/36 | - | €7k | €0 | - | - |
| Amounts receivable within one year40/41 | €7k | €13k | €23k | €54k | ▲ 134% |
| Trade receivables40 | €2k | €13k | €23k | €54k | ▲ 134% |
| Other amounts receivable41 | €5k | €0 | - | - | - |
| Cash at bank and in hand54/58 | €7k | €7k | €4k | €20 | ▼ 99.5% |
| Deferred charges and accrued income490/1 | €770 | €0 | €1k | €1k | ▲ 0.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €32k | €38k | €46k | €66k | ▲ 42.9% |
| Equity10/15 | €-33k | €-107k | €-148k | €-124k | ▲ 16.3% |
| Contributions10/11 | €50k | €50k | €50k | €50k | = |
| Profit (loss) carried forward14 | €-83k | €-157k | €-198k | €-174k | ▲ 12.2% |
| Amounts payable17/49 | €65k | €145k | €194k | €190k | ▼ 2.2% |
| Amounts payable after more than one year17 | - | - | €59k | €61k | ▲ 3.0% |
| Financial debts170/4 | - | - | €59k | €61k | ▲ 3.0% |
| Amounts payable within one year42/48 | €60k | €129k | €101k | €88k | ▼ 12.1% |
| Current portion of amounts payable after more than one year42 | €35k | €120k | €73k | €55k | ▼ 24.2% |
| Trade debts44 | €25k | €3k | €23k | €19k | ▼ 16.0% |
| Suppliers440/4 | €25k | €3k | €23k | €19k | ▼ 16.0% |
| Taxes, remuneration and social security45 | - | €6k | €5k | €14k | ▲ 203% |
| Taxes450/3 | - | €2k | €1k | €4k | ▲ 150% |
| Remuneration and social security454/9 | - | €4k | €3k | €10k | ▲ 227% |
| Other amounts payable47/48 | - | €71 | €71 | €71 | = |
| Accrued charges and deferred income492/3 | €5k | €16k | €34k | €40k | ▲ 17.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-83k | €-74k | €-41k | €24k | ▲ 160% |
| + Depreciation and write-downs630 | €2k | €6k | €6k | €7k | ▲ 7.2% |
| Operating cash flow (approximation) | €-81k | €-68k | €-34k | €31k | ▲ 191% |
| Investment in fixed assets (approximation) | - | €0 | €-14k | €0 | ▲ 100% |
| Change in cash | - | €-196 | €-3k | €-4k | ▼ 69.7% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €24k
Net result €24k after 3 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Sint-Truiden · 1 establishment unit since 2020
Ground area
191 m²
Building footprint
137 m²
Volume, LiDAR
1,355 m³
Parcel 71053H0212/00N000, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FARMADA
since 20202.311.980.647
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053H0212/00N000 | Flanders | 191 m² | 1 · 137 m² | 12.9 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 9,964 EUR awarded · 9,964 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,463 EUR | 1,463 EUR |
| 2023 | 1 | 4,073 EUR | 4,073 EUR |
| 2022 | 1 | 4,428 EUR | 4,428 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector and region
ANTWERP PHARMACIES
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APOTHEEK CERESA-VAN BOSSTRAETEN
BE 0865.301.762
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APOTHEEK DE MAN
BE 0442.732.447
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APOTHEEK DONVIL
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 5,220 companies in sector 47730 we hold annual accounts for 3,861. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
47730Retail sale of pharmaceutical products
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
Contact
Website
www.farmada.be
E-mail
info@farmada.be
Scores and ratios are computed by Checked and are not a credit decision.