FARMDESK
ActiveSummary
FARMDESK has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127k and a net result of €30k. Equity is shrinking by ~18% per year across the filed fiscal years. Its solvency ranks better than 56% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+37
Solvency87=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 6.01 in 2024; short-term debt: 37.6% and cash: 42.1% of total assets), and 37.6% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
62.4%
Return on assets
14.7%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-10-2025, 110 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
110 d early
2024
1 d early
2023
27 d early
2022
27 d early
2021
5 d early
2020
on the day
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€127k▲ 30.8%
2024 · €97k
2019: €-48k
2020: €336k
2021: €453k
2022: €181k
2023: €192k
2024: €97k
2019 → 2025
Total assets
€203k▲ 29.9%
2024 · €156k
2019: €116k
2020: €361k
2021: €488k
2022: €205k
2023: €459k
2024: €156k
2019 → 2025
Net result
€30k
2024 · €-95k
2019: €-116k
2020: €-146k
2021: €-283k
2022: €-272k
2023: €-89k
2024: €-95k
2019 → 2025
Working capital
€72k▼ 6.1%
2024 · €77k
2019: €99k
2020: €335k
2021: €425k
2022: €149k
2023: €157k
2024: €77k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€453k-€181k▼ 60.1%€192k▲ 5.9%€97k▼ 49.5%€127k▲ 30.8%
Operating result€-283k-€-272k▲ 4.0%€-90k▲ 66.8%€-94k▼ 4.2%€26k
Net result€-283k-€-272k▲ 3.9%€-89k▲ 67.2%€-95k▼ 6.0%€30k
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 2025: €26k after a loss of €94k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €203k
Fixed assets
€55k ▼ 14.8%
Current assets
€148k ▲ 61.1%
Equity and liabilities €203k
Equity
€127k ▲ 30.8%
Debt
€76k ▲ 28.5%
Debt's share of the balance-sheet total falls from 38.0% to 37.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€154k▲
2024 · €8k
Cash flow
€157k▲
2024 · €7k
Current ratio
1.94▼
2024 · 6.01
Debt to equity
0.60▼
2024 · 0.61
ROE
23.5%▲
2024 · -97.9%
ROA
14.7%▲
2024 · -60.7%
Interest coverage
281.60▲
2024 · 7.97
Debt ≤ 1 year
€76k▲
2024 · €15k
Staff costs
€147k▲
2024 · €112k
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 · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€156k€203k▲
Fixed assets21/28€64k€55k▼
Intangible fixed assets21€62k€51k▼
Tangible fixed assets22/27€2k€4k▲
Furniture and vehicles24€2k€4k▲
Current assets29/58€92k€148k▲
Amounts receivable within one year40/41€60k€63k▲
Trade receivables40€41k€62k▲
Other amounts receivable41€19k€27▼
Cash at bank and in hand54/58€31k€85k▲
Deferred charges and accrued income490/1€1k€313▼
Equity and liabilities
Total equity and liabilities10/49€156k€203k▲
Equity10/15€97k€127k▲
Contributions10/11€1.10M€1.10M=
Profit (loss) carried forward14€-1.00M€-972k▲
Amounts payable17/49€59k€76k▲
Amounts payable within one year42/48€15k€76k▲
Trade debts44€10k€54k▲
Suppliers440/4€10k€54k▲
Taxes, remuneration and social security45€5k€22k▲
Taxes450/3€0€13k▲
Remuneration and social security454/9€5k€9k▲
Other amounts payable47/48€315€463▲
Accrued charges and deferred income492/3€44k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€112k€147k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€102k€127k▲
Other operating charges640/8€502€715▲
Gross operating margin9900€121k€301k▲
Operating profit (loss)9901€-94k€26k▲
Financial income75/76B€148€4k▲
Recurring financial income75€148€4k▲
Financial charges65/66B€1k€546▼
Recurring financial charges65€1k€546▼
Profit (loss) for the period before taxes9903€-95k€30k▲
Profit (loss) for the period9904€-95k€30k▲
Profit (loss) for the period to be appropriated9905€-95k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.00M€-972k▲
Profit (loss) brought forward from the previous period14P€-907k€-1.00M▼
The notes to these accounts (9 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
23-03
State Gazette act
Appointments: BV Govaerts & Co (non-statutory director) and CommV Pecutex (non-statutory director)Permanent representatives: Wim Govaerts and Jef Aernouts · Mandate compensation · Power of attorney11 facts ▸
State Gazette act
Appointments: BV Govaerts & Co (non-statutory director) and CommV Pecutex (non-statutory director)
Permanent representatives: Wim Govaerts and Jef Aernouts · Mandate compensation · Power of attorney11 facts ▸
- General meeting, 03/02/2026
- Director appointment, BV Govaerts & Co (non-statutory director)
- Permanent representative, Wim Govaerts
- Mandate compensation, BV Govaerts & Co
- Director appointment, CommV Pecutex (non-statutory director)
- Permanent representative, Jef Aernouts
- Mandate compensation, CommV Pecutex
- Power of attorney, BV liberoo Tax & Legal
- Board meeting, 03/02/2026
- Director appointment, CommV Pecutex (day-to-day manager)
- Power of attorney, BV liberoo Tax & Legal
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €30k
Net result €30k after 6 loss-making years.
30-06
Financial
Equity above €100kEq €127k ▲30.8%
Equity rises from €97k to €127k.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity quadruplescurrent ratio 6.01
Current ratio from 1.59 to 6.01; short-term debt falls from €263k to €15k.
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €-283k
Net result drops to €-283k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
30-06
Financial
Equity above €200kEq €336k
Equity rises from €-48k to €336k.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
BV Govaerts & Co
CurrentNon-statutory director · since 01-11-2024 · Legal entity · perm. rep.: Wim Govaerts
CommV Pecutex
CurrentNon-statutory director · since 01-11-2024 · Legal entity · perm. rep.: Jef Aernouts
01-11-2024
BV Govaerts & Co: Appointed as Non-statutory director
01-11-2024
CommV Pecutex: Appointed as Non-statutory director
01-11-2024
CommV Pecutex: Appointed as Day-to-day manager
Location & real-estate footprint
Registered office, Brecht · 1 establishment unit since 2018
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.
Ringlaan 172960 BrechtGround area
6,368 m²
Building footprint
2,054 m²
Volume, LiDAR
4 m³
Parcel 11333D0783/00M002, Flanders · tallest building 0.6 m. Linked by address, not a title deed.
1 establishment unit
FARMDESK
since 20182.272.706.040
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333D0783/00M002 | Flanders | 6,368 m² | 1 · 2,054 m² | 0.6 m |
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.
Similar companies · same sector, comparable size
BURO BRUSSEL
BE 0808.499.849
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JERBEES
BE 0479.053.801
Brasschaat · Eq €126,632
JOCA
BE 0719.766.328
Halle · Eq €126,634
Leo Invest
BE 1017.208.514
Verviers · Eq €126,636
Maxhenges
BE 0752.815.911
Antwerpen · Eq €126,650
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 40,844 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2018
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.