Summary
FARMEKA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €479,196 and a net result of -€12,514. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 34% of 2445 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
30 d late
2022
30 d late
2021
19 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#10 oldest company in Middelkerke, Finance and insurance sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€479,196▼ 2.5%
2024 · €491,711
Net result
-€12,514
2024 · €7,451
Total assets
€1.1m▲ 16.6%
2024 · €977,132
Solvency
42.1%▼ 8.3pp
2024 · 50.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,190▼ 10.9%€27,534▲ 1.3%€18,559▼ 32.6%€18,499▼ 0.3%-€6,036
Net result€16,059within the sector's middle half▲ 27.5%€16,618within the sector's middle half▲ 3.5%€8,801within the sector's middle half▼ 47.0%€7,451within the sector's middle half▼ 15.3%-€12,514below the sector's middle half
Equity€458,841within the sector's middle half▼ 5.4%€475,459within the sector's middle half▲ 3.6%€484,260within the sector's middle half▲ 1.9%€491,711within the sector's middle half▲ 1.5%€479,196below the sector's middle half▼ 2.5%
Total assets€973,868within the sector's middle half▲ 1.3%€980,219within the sector's middle half▲ 0.7%€979,533within the sector's middle half▼ 0.1%€977,132within the sector's middle half▼ 0.2%€1.1mbelow the sector's middle half▲ 16.6%
Debt€471,352▲ 9.0%€461,084▼ 2.2%€451,597▼ 2.1%€441,744▼ 2.2%€616,530▲ 39.6%
Working capital-€194,519below the sector's middle half▲ 15.0%-€186,029below the sector's middle half▲ 4.4%-€186,474below the sector's middle half▼ 0.2%-€193,941below the sector's middle half▼ 4.0%-€230,135within the sector's middle half▼ 18.7%
Solvency47.1%within the sector's middle half▼ 3.4pp48.5%within the sector's middle half▲ 1.4pp49.4%within the sector's middle half▲ 0.9pp50.3%within the sector's middle half▲ 0.9pp42.1%within the sector's middle half▼ 8.3pp
Current ratio0.34within the sector's middle half▼ 0.030.34below the sector's middle half=0.35below the sector's middle half▲ 0.010.35within the sector's middle half=0.25below the sector's middle half▼ 0.10
Return on assets (ROA)1.6%within the sector's middle half▲ 0.3pp1.7%within the sector's middle half=0.9%within the sector's middle half▼ 0.8pp0.8%within the sector's middle half▼ 0.1pp-1.1%below the sector's middle half▼ 1.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,036 after €18,499 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€1.1m ▲ 21.6%
Current assets
€75,442 ▼ 26.4%
Equity and liabilities €1.1m
Equity
€479,196 ▼ 2.5%
Provisions
€43,676 =
Debt
€616,530 ▲ 39.6%
Debt's share of the balance-sheet total rises from 45.2% to 54.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-2.6%▼
2024 · 1.5%
Debt ≤ 1 year
€305,576▲
2024 · €296,449
Debt > 1 year
€309,862▲
2024 · €144,210
Income taxes
€300▼
2024 · €4,529
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,220 | €11,197 | €11,452 | €12,029 | €12,728 | ▲ 5.8% |
| Other operating charges640/8 | €1,504 | €1,183 | €2,046 | €2,783 | €2,886 | ▲ 3.7% |
| Gross operating margin9900 | €40,914 | €39,914 | €32,057 | €33,312 | €9,578 | ▼ 71.2% |
| Operating profit (loss)9901 | €27,190 | €27,534 | €18,559 | €18,499 | -€6,036 | ▼ 133% |
| Financial income75/76B | €1 | €105 | €164 | €461 | €438 | ▼ 4.9% |
| Recurring financial income75 | €1 | €105 | €164 | €461 | €438 | ▼ 4.9% |
| Financial charges65/66B | €4,730 | €4,397 | €6,047 | €6,980 | €6,617 | ▼ 5.2% |
| Recurring financial charges65 | €4,730 | €4,397 | €6,047 | €6,980 | €6,617 | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €22,460 | €23,242 | €12,677 | €11,980 | -€12,215 | ▼ 202% |
| Income taxes67/77 | €6,401 | €6,624 | €3,876 | €4,529 | €300 | ▼ 93.4% |
| Profit (loss) for the period9904 | €16,059 | €16,618 | €8,801 | €7,451 | -€12,514 | ▼ 268% |
| Profit (loss) for the period to be appropriated9905 | €16,059 | €16,618 | €8,801 | €7,451 | -€12,514 | ▼ 268% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €973,868 | €980,219 | €979,533 | €977,132 | €1.1m | ▲ 16.6% |
| Fixed assets21/28 | €873,023 | €882,590 | €878,925 | €874,623 | €1.1m | ▲ 21.6% |
| Tangible fixed assets22/27 | €244,753 | €254,320 | €250,655 | €246,354 | €435,691 | ▲ 76.9% |
| Land and buildings22 | €218,986 | €233,081 | €233,945 | €234,172 | €226,673 | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | - | - | €1,744 | - |
| Furniture and vehicles24 | €2,006 | €1,439 | €872 | €306 | €3,498 | ▲ 1,044% |
| Other tangible fixed assets26 | €23,762 | €19,800 | €15,838 | €11,876 | €203,776 | ▲ 1,616% |
| Financial fixed assets28 | €628,270 | €628,270 | €628,270 | €628,270 | €628,270 | = |
| Current assets29/58 | €100,845 | €97,629 | €100,608 | €102,508 | €75,442 | ▼ 26.4% |
| Amounts receivable within one year40/41 | - | - | €3,775 | €3,775 | €3,939 | ▲ 4.3% |
| Trade receivables40 | - | - | €3,775 | €3,775 | €2,755 | ▼ 27.0% |
| Other amounts receivable41 | - | - | - | - | €1,184 | - |
| Cash at bank and in hand54/58 | €100,845 | €97,629 | €96,127 | €98,060 | €70,755 | ▼ 27.8% |
| Deferred charges and accrued income490/1 | - | - | €705 | €673 | €747 | ▲ 11.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €973,868 | €980,219 | €979,533 | €977,132 | €1.1m | ▲ 16.6% |
| Equity10/15 | €458,841 | €475,459 | €484,260 | €491,711 | €479,196 | ▼ 2.5% |
| Contributions10/11 | €194,317 | €194,317 | €194,317 | €194,317 | €194,317 | = |
| Capital10 | €194,317 | €194,317 | €194,317 | €194,317 | €194,317 | = |
| Issued capital100 | €194,317 | €194,317 | €194,317 | €194,317 | €194,317 | = |
| Reserves13 | €264,524 | €281,142 | €289,943 | €297,394 | €284,880 | ▼ 4.2% |
| Non-distributable reserves130/1 | €17,576 | €17,576 | €17,576 | €17,576 | €17,576 | = |
| Legal reserve130 | €17,576 | €17,576 | €17,576 | €17,576 | €17,576 | = |
| Distributable reserves133 | €246,948 | €263,566 | €272,367 | €279,818 | €267,304 | ▼ 4.5% |
| Profit (loss) carried forward14 | - | €0 | - | - | - | - |
| Provisions and deferred taxes16 | €43,676 | €43,676 | €43,676 | €43,676 | €43,676 | = |
| Provisions for liabilities and charges160/5 | €43,676 | €43,676 | €43,676 | €43,676 | €43,676 | = |
| Pensions and similar obligations160 | €43,676 | €43,676 | €43,676 | €43,676 | €43,676 | = |
| Amounts payable17/49 | €471,352 | €461,084 | €451,597 | €441,744 | €616,530 | ▲ 39.6% |
| Amounts payable after more than one year17 | €174,992 | €176,431 | €164,486 | €144,210 | €309,862 | ▲ 115% |
| Financial debts170/4 | €174,992 | €176,431 | €164,486 | €144,210 | €309,862 | ▲ 115% |
| Amounts payable within one year42/48 | €295,364 | €283,658 | €287,082 | €296,449 | €305,576 | ▲ 3.1% |
| Current portion of amounts payable after more than one year42 | €12,980 | €12,205 | €12,513 | €20,248 | €30,348 | ▲ 49.9% |
| Trade debts44 | €93,751 | €106,923 | €133,763 | €156,461 | €181,578 | ▲ 16.1% |
| Suppliers440/4 | €93,751 | €106,923 | €133,763 | €156,461 | €181,578 | ▲ 16.1% |
| Taxes, remuneration and social security45 | €12,743 | €15,069 | €12,417 | €10,046 | €810 | ▼ 91.9% |
| Taxes450/3 | €12,743 | €15,069 | €12,417 | €10,046 | €810 | ▼ 91.9% |
| Other amounts payable47/48 | €175,891 | €149,461 | €128,390 | €109,694 | €92,841 | ▼ 15.4% |
| Accrued charges and deferred income492/3 | €995 | €995 | €29 | €1,085 | €1,091 | ▲ 0.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,059 | €16,618 | €8,801 | €7,451 | -€12,514 | ▼ 268% |
| + Depreciation and write-downs630 | €12,220 | €11,197 | €11,452 | €12,029 | €12,728 | ▲ 5.8% |
| Operating cash flow (approximation) | €28,279 | €27,815 | €20,253 | €19,481 | €214 | ▼ 98.9% |
| Investment in fixed assets (approximation) | - | -€20,764 | -€7,786 | -€7,728 | -€202,066 | ▼ 2,515% |
| Change in cash | - | -€3,216 | -€1,502 | €1,933 | -€27,305 | ▼ 1,513% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
25-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 18/12/2025
- Registered-office move, Parijsstraat 13 b 5.02, 8430 Middelkerke
2025
31-12
Financial
Weakest financial yearnet -€12,514
Net result drops to -€12,514, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Middelkerke · 1 establishment unit since 2001
Ground area
749 m²
Building footprint
494 m²
Volume, LiDAR
4,797 m³
Parcel 35011B0180/00M095, Flanders · tallest building 19.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Parijsstraat 13, 8430 Middelkerke
since 20012.093.051.944
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011B0180/00M095 | Flanders | 749 m² | 1 · 494 m² | 19.1 m · 4 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 1
-
99.92%
According to the 2022 annual accounts of FARMEKA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,633 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473512527
Also
9925:BE0473512527
Registered
04-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.