Farmafyt
ActiveFarmafyt has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €533k and a net result of €37k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+1
Solvency100▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 5.22 against 2.71 in 2023; short-term debt: 19.1% and cash: 7.6% of total assets), and 19.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 46
Relative position
BE, all sectors
reference
Sector 46
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 2024Solvency, return and age of the figures
Solvency
80.9%
Return on assets
5.6%
Age of the figures
21 mo
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
34 d early
2022
59 d early
2021
97 d early
2020
43 d early
2019
86 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€37k▼ 9.5%
2023 · €40k
2018: €79k
2019: €140k
2020: €2k
2021: €-40k
2022: €-8k
2023: €40k
2018 → 2024
Working capital
€532k▲ 7.5%
2023 · €495k
2018: €326k
2019: €364k
2020: €545k
2021: €484k
2022: €456k
2023: €495k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€505k-€464k▼ 8.0%€456k▼ 1.8%€497k▲ 8.9%€533k▲ 7.4%
Operating result€2k-€-36k€-3k▲ 92.8%€56k€64k▲ 15.2%
Net result€2k-€-40k€-8k▲ 79.2%€40k€37k▼ 9.5%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 15% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €659k
Fixed assets
€915▼ 21.3%
Current assets
€658k▼ 16.1%
Equity and liabilities €659k
Equity
€533k▲ 7.4%
Debt
€126k▼ 56.4%
The debt ratio falls from 36.8% to 19.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65k▲
2023 · €56k
Cash flow
€37k▼
2023 · €41k
Solvency
80.9%▲
2023 · 63.2%
Current ratio
5.22▲
2023 · 2.71
Quick ratio
2.41▲
2023 · 1.17
Debt / equity
0.24▼
2023 · 0.58
ROE
6.9%▼
2023 · 8.2%
ROA
5.6%▲
2023 · 5.2%
Interest coverage
9.34▲
2023 · 5.95
Debt
€126k▼
2023 · €289k
Debt ≤ 1 year
€126k▼
2023 · €289k
Income taxes
€21k▲
2023 · €6k
Staff costs
€177k▲
2023 · €141k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€785k€659k▼
Fixed assets21/28€1k€915▼
Tangible fixed assets22/27€1k€915▼
Plant, machinery and equipment23€1k€915▼
Current assets29/58€784k€658k▼
Stocks and contracts in progress3€446k€354k▼
Stocks30/36€446k€354k▼
Amounts receivable within one year40/41€205k€248k▲
Trade receivables40€179k€225k▲
Other amounts receivable41€26k€24k▼
Cash at bank and in hand54/58€96k€50k▼
Deferred charges and accrued income490/1€38k€7k▼
Equity and liabilities
Total equity and liabilities10/49€785k€659k▼
Equity10/15€497k€533k▲
Contributions10/11€219k€219k=
Capital10€219k€219k=
Issued capital100€219k€219k=
Reserves13€126k€126k=
Non-distributable reserves130/1€22k€22k=
Legal reserve130€22k€22k=
Distributable reserves133€104k€104k=
Profit (loss) carried forward14€152k€188k▲
Amounts payable17/49€289k€126k▼
Amounts payable within one year42/48€289k€126k▼
Financial debts43€125k€48k▼
Credit institutions430/8€125k€48k▼
Trade debts44€139k€54k▼
Suppliers440/4€139k€54k▼
Taxes, remuneration and social security45€25k€24k▼
Taxes450/3€6k€701▼
Remuneration and social security454/9€19k€23k▲
Income statement
Code20232024
Remuneration, social security and pensions62€141k€177k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89€248▲
Other operating charges640/8€737€2k▲
Gross operating margin9900€198k€243k▲
Operating profit (loss)9901€56k€64k▲
Financial income75/76B€106€6▼
Recurring financial income75€106€6▼
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€46k€57k▲
Income taxes67/77€6k€21k▲
Profit (loss) for the period9904€40k€37k▼
Profit (loss) for the period to be appropriated9905€40k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€170k€188k▲
Profit (loss) brought forward from the previous period14P€129k€152k▲
Transfer to equity691/2€18k€0▼
To the legal reserve6920€18k€0▼
Social balance
Average headcount (FTE)90872.02.4▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €500kEq €533k ▲7.4%
2 profitable years in a row build equity to €533k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €40k
Net result €40k after 2 loss-making years.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-40k ▼2292%
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 5current ratio 12.36
Current ratio from 2.58 to 12.36; short-term debt falls from €230k to €48k.
31-12
Financial
Equity above €500kEq €505k ▲66.6%
3 profitable years in a row build equity to €505k.
06-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €140k ▲77.6%
Operating result €175k, net result €140k, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Chaudfontaine · 2 establishment units since 2006
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.
Drève St-Lambert 224052 ChaudfontaineGround area
3.1 ha
Parcel 46442C1176/00D000, Flanders. Linked by address, not a title deed.
2 establishment units
Farmafyt
since 20062.155.232.508
Drève St-Lambert 22, 4052 Chaudfontaine
since 20172.269.918.477
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C1176/00D000 | Flanders | 3.1 ha | - | - |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Niklaas2.155.232.508
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Of 1,641 companies in sector 46170 we hold annual accounts for 671. 363 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-07-2006
Fiscal year end31-12
Activities, NACEBEL
46170Agents in the wholesale of food, beverages and tobacco
46389Wholesale of other food products
51384
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0473/215536