FARMAVER
ActiveFARMAVER has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36k and a net result of €23k. Its solvency ranks better than 85% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100▲+10
Growth78
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 6.44 against 2.55 in 2023; short-term debt: 14.9% and cash: 28.1% of total assets), and 14.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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 03-07-2025, 28 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€36k▲ 153%
2023 · €14k
2023: €14k
2023 → 2024
Total assets
€43k▲ 92.4%
2023 · €22k
2023: €22k
2023 → 2024
Net result
€23k▲ 124%
2023 · €10k
2023: €10k
2023 → 2024
Working capital
€35k▲ 184%
2023 · €12k
2023: €12k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€14k-€36k▲ 153%
Operating result€13k-€29k▲ 117%
Net result€10k-€23k▲ 124%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 117% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43k
Fixed assets
€2k▼ 20.1%
Current assets
€41k▲ 105%
Equity and liabilities €43k
Equity
€36k▲ 153%
Debt
€6k▼ 18.9%
The debt ratio falls from 35.3% to 14.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▲
2023 · €15k
Cash flow
€23k▲
2023 · €12k
Solvency
85.1%▲
2023 · 64.7%
Current ratio
6.44▲
2023 · 2.55
Quick ratio
6.44▲
2023 · 2.55
Debt / equity
0.18▼
2023 · 0.55
ROE
62.9%▼
2023 · 71.0%
ROA
53.5%▲
2023 · 45.9%
Interest coverage
152.10
Debt
€6k▼
2023 · €8k
Debt ≤ 1 year
€6k▼
2023 · €8k
Income taxes
€6k▲
2023 · €3k
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€22k€43k▲
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€20k€41k▲
Amounts receivable within one year40/41€8k€9k▲
Trade receivables40€8k€8k▲
Other amounts receivable41-€206
Current investments50/53-€20k
Cash at bank and in hand54/58€12k€12k▼
Deferred charges and accrued income490/1€74€331▲
Equity and liabilities
Total equity and liabilities10/49€22k€43k▲
Equity10/15€14k€36k▲
Contributions10/11€5k€5k=
Reserves13€9k€31k▲
Distributable reserves133€9k€31k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€8k€6k▼
Amounts payable within one year42/48€8k€6k▼
Financial debts43€16€16=
Credit institutions430/8€16€16=
Trade debts44€671€197▼
Suppliers440/4€671€197▼
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€3k€4k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€2k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€438▼
Other operating charges640/8-€126
Gross operating margin9900€15k€30k▲
Operating profit (loss)9901€13k€29k▲
Financial income75/76B€0€345▲
Recurring financial income75€0€345▲
Financial charges65/66B-€194
Recurring financial charges65-€194
Profit (loss) for the period before taxes9903€13k€29k▲
Income taxes67/77€3k€6k▲
Profit (loss) for the period9904€10k€23k▲
Profit (loss) for the period to be appropriated9905€10k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€23k▲
Transfer to equity691/2€9k€22k▲
To other reserves6921€9k€22k▲
Profit to be distributed694/7€833€859▲
Return on contributions (dividend)694€833€859▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 6.44
Current ratio from 2.55 to 6.44; short-term debt falls from €8k to €6k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Roeselare · 1 establishment unit since 2023
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.
Rode-Beukenstraat 38800 RoeselareGround area
1,026 m²
Building footprint
245 m²
Volume, LiDAR
1,123 m³
Parcel 36302B1301/00E005, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FARMAVER
since 20232.344.156.042
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B1301/00E005 | Flanders | 1,026 m² | 1 · 245 m² | 7.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 75 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 75 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,503 companies in sector 82990 we hold annual accounts for 9,402. 6,589 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-04-2023
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 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 entryE-mail:chloe-verhelst@hotmail.com