FARMAGORA
ActiveFARMAGORA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.59M and a net result of €3k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 95% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability1=
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 7.38 against 6.65 in 2024), and 10.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
89.3%
Return on assets
0.2%
Age of the figures
8 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
6 d early
2022
4 d early
2021
4 d early
2020
71 d early
2019
63 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▼ 5.1%
2024 · €4k
2018: €13k
2019: €601
2020: €-2k
2021: €-6k
2022: €-6k
2023: €-1k
2024: €4k
2018 → 2025
Working capital
€1.21M▲ 5.1%
2024 · €1.15M
2018: €1.44M
2019: €1.33M
2020: €1.29M
2021: €1.23M
2022: €1.18M
2023: €1.14M
2024: €1.15M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.59M-€1.58M▼ 0.4%€1.58M▼ 0.1%€1.59M▲ 0.2%€1.59M▲ 0.2%
Operating result€-102-€-4k▼ 3,898%€3k€10k▲ 259%€8k▼ 16.7%
Net result€-6k-€-6k=€-1k▲ 81.0%€4k€3k▼ 5.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.78M
Fixed assets
€381k▼ 12.6%
Current assets
€1.40M▲ 3.2%
Equity and liabilities €1.78M
Equity
€1.59M▲ 0.2%
Debt
€190k▼ 7.0%
The debt ratio falls from 11.4% to 10.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€67k▲
2024 · €38k
Cash flow
€62k▲
2024 · €32k
Solvency
89.3%▲
2024 · 88.6%
Current ratio
7.38▲
2024 · 6.65
Quick ratio
6.46▲
2024 · 5.84
Debt / equity
0.12▼
2024 · 0.13
ROE
0.2%▼
2024 · 0.2%
ROA
0.2%▼
2024 · 0.2%
Interest coverage
56.35▲
2024 · 20.46
Debt
€190k▼
2024 · €204k
Debt ≤ 1 year
€190k▼
2024 · €204k
Income taxes
€4k▼
2024 · €5k
Staff costs
€230k▲
2024 · €222k
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€1.79M€1.78M▼
Fixed assets21/28€436k€381k▼
Tangible fixed assets22/27€431k€376k▼
Land and buildings22€372k€327k▼
Plant, machinery and equipment23€30k€28k▼
Furniture and vehicles24€29k€21k▼
Financial fixed assets28€5k€5k▼
Current assets29/58€1.36M€1.40M▲
Stocks and contracts in progress3€164k€174k▲
Stocks30/36€164k€174k▲
Amounts receivable within one year40/41€694k€698k▲
Trade receivables40€123k€125k▲
Other amounts receivable41€570k€573k▲
Cash at bank and in hand54/58€498k€527k▲
Equity and liabilities
Total equity and liabilities10/49€1.79M€1.78M▼
Equity10/15€1.59M€1.59M▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€1.46M€1.47M▲
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Distributable reserves133€1.45M€1.45M▲
Amounts payable17/49€204k€190k▼
Amounts payable within one year42/48€204k€190k▼
Current portion of amounts payable after more than one year42€21k-
Trade debts44€93k€90k▼
Suppliers440/4€93k€90k▼
Taxes, remuneration and social security45€36k€42k▲
Taxes450/3-€2k
Remuneration and social security454/9€36k€40k▲
Other amounts payable47/48€53k€58k▲
Income statement
Code20242025
Remuneration, social security and pensions62€222k€230k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€59k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€262k€300k▲
Operating profit (loss)9901€10k€8k▼
Financial income75/76B€814€550▼
Recurring financial income75€814€550▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€9k€7k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€4k€3k▼
Profit (loss) for the period to be appropriated9905€4k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€3k▼
Transfer to equity691/2€4k€3k▼
To other reserves6921€4k€3k▼
Social balance
Average headcount (FTE)90873.13.1=
The notes to these accounts (8 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 4 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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
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, Ternat · 1 establishment unit since 1988
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.
Marktplein 101740 TernatGround area
187 m²
Building footprint
185 m²
Volume, LiDAR
1,697 m³
Parcel 23086E0352/00C002, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FARMAGORA NV
since 19882.041.317.092
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086E0352/00C002 | Flanders | 187 m² | 1 · 185 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 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 siteTernat2.041.317.092
Similar companies · same sector, comparable size
PHARMACIE DE VISSCHER
BE 0471.464.936
Anderlecht · Eq €1.59M
BB FARMA MANAGEMENT
BE 0861.674.655
Riemst · Eq €1.60M
FIMOVAR
BE 0462.346.837
Niel · Eq €1.61M
Apotheek An Sofie Stragier
BE 0472.709.605
Brugge · Eq €1.57M
K & K MANAGEMENT
BE 0881.071.586
Mol · Eq €1.57M
Of 5,209 companies in sector 47730 we hold annual accounts for 3,851. 2,602 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-12-1988
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
52310
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.