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FARMECHA SERVICES

Active
Private limited companyfounded 20242 yrs activeEgied De Jonghestraat(WIN) 131, 2880 Bornem, BelgiumKBO/BCE: BE 1010.661.707
Summary

The computed 12-month bankruptcy probability of FARMECHA SERVICES is 2.2% (moderate). The 2024 annual accounts show equity of €18,144 and a net result of €13,144. Its solvency ranks better than 80% of 26049 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability100
Solvency94
Growth-
Track record67
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 3.01; short-term debt: 30.8% and cash: 13.6% of total assets), and 30.8% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 · 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 2024
Solvency, return and age of the figures
Solvency
69.2%
Return on assets
50.1%
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 03-06-2025, 58 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
58 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 58 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FARMECHA SERVICES was incorporated on 24 June 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€18,144
Total assets
€26,221
Net result
€13,144
Working capital
€16,256

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €26,221
Fixed assets €1,888
Current assets €24,333
Equity and liabilities €26,221
Equity €18,144
Debt €8,078
Debt finances 30.8% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€17,475
Cash flow
€13,352
Current ratio
3.01
Debt to equity
0.45
ROE
72.4%
ROA
50.1%
Interest coverage
25.21
Debt ≤ 1 year
€8,078
Income taxes
€3,430

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 35 lines
Balance sheet Code2024
Assets
Total assets20/58€26,221
Fixed assets21/28€1,888
Tangible fixed assets22/27€1,888
Plant, machinery and equipment23€1,888
Current assets29/58€24,333
Amounts receivable within one year40/41€9,285
Trade receivables40€9,285
Current investments50/53€11,000
Cash at bank and in hand54/58€3,563
Deferred charges and accrued income490/1€485
Equity and liabilities
Total equity and liabilities10/49€26,221
Equity10/15€18,144
Contributions10/11€5,000
Reserves13€13,144
Distributable reserves133€13,144
Amounts payable17/49€8,078
Amounts payable within one year42/48€8,078
Trade debts44€577
Suppliers440/4€577
Taxes, remuneration and social security45€5,088
Taxes450/3€5,088
Other amounts payable47/48€2,412
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€209
Other operating charges640/8€50
Gross operating margin9900€17,525
Operating profit (loss)9901€17,267
Financial charges65/66B€693
Recurring financial charges65€693
Profit (loss) for the period before taxes9903€16,573
Income taxes67/77€3,430
Profit (loss) for the period9904€13,144
Profit (loss) for the period to be appropriated9905€13,144
Appropriation of the result
Profit (loss) to be appropriated9906€13,144
Transfer to equity691/2€13,144
To other reserves6921€13,144

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€209
Other operating charges640/8€50
Gross operating margin9900€17,525
Operating profit (loss)9901€17,267
Financial charges65/66B€693
Recurring financial charges65€693
Profit (loss) for the period before taxes9903€16,573
Income taxes67/77€3,430
Profit (loss) for the period9904€13,144
Profit (loss) for the period to be appropriated9905€13,144
Line2024
Assets
Total assets20/58€26,221
Fixed assets21/28€1,888
Tangible fixed assets22/27€1,888
Plant, machinery and equipment23€1,888
Current assets29/58€24,333
Amounts receivable within one year40/41€9,285
Trade receivables40€9,285
Current investments50/53€11,000
Cash at bank and in hand54/58€3,563
Deferred charges and accrued income490/1€485
Equity and liabilities
Total equity and liabilities10/49€26,221
Equity10/15€18,144
Contributions10/11€5,000
Reserves13€13,144
Distributable reserves133€13,144
Amounts payable17/49€8,078
Amounts payable within one year42/48€8,078
Trade debts44€577
Suppliers440/4€577
Taxes, remuneration and social security45€5,088
Taxes450/3€5,088
Other amounts payable47/48€2,412
Line2024
Profit (loss) for the period9904€13,144
+ Depreciation and write-downs630€209
Operating cash flow (approximation)€13,352

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
03-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Bornem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
535 m²
Building footprint
137 m²
Volume, LiDAR
683 m³
Parcel 12015B0518/00E000, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FARMECHA SERVICES
Egied De Jonghestraat(WIN) 131, 2880 BornemManufacture of basic pharmaceutical products and pharmaceutical preparations
since 20242.360.841.923
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12015B0518/00E000 Flanders 535 m² 1 · 137 m² 8.9 m · 1 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.

Similar companies · same sector, comparable size

Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 1,356 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded24-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
21201Manufacture of basic pharmaceutical products and pharmaceutical preparations
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
47750Retail sale of cosmetics and toilet articles
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010661707
Also 9925:BE1010661707
Registered 01-07-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.