FARNIENTE

Active

Public limited companyfounded 199035 yrs activeRue Bourie 14, 5300 Andenne, BelgiumKBO/BCE: BE 0442.297.828

FARNIENTE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.18M and a net result of €522k. Its solvency ranks better than 37% of 122 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2024

78 / 100

Excellent▲ +15 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability63▲+41

Solvency29▲+5

Growth63

Stability100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €90k at 30 days acceptable

Liquidity tight (current ratio 1.28 against 1.17 in 2023), and 82.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

7 signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

17.5%

Return on assets

7.7%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

57 d late

2022

30 d late

2021

8 d late

2020

9 d late

2019

35 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

€14.00M▲ 0.3%

2023 · €13.96M

2023: €13.96M

2023 → 2024

EBIT margin

6.5%▲ 4.3pp

2023 · 2.3%

2023: 2.3%

2023 → 2024

Net result

€522k▲ 2,195%

2023 · €23k

2023: €23k

2023 → 2024

Working capital

€1.18M▲ 97.6%

2023 · €595k

2023: €595k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Turnover€13.96M-€14.00M▲ 0.3%

Equity€660k-€1.18M▲ 78.2%

Operating result€317k-€916k▲ 189%

Net result€23k-€522k▲ 2,195%

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 189% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €6.74M

20.6%

79.4%

Fixed assets €1.39M▲ 45.6%

Current assets €5.35M▲ 29.5%

Equity and liabilities €6.74M

17.5%

78.5%

Equity €1.18M▲ 78.2%

Provisions €273k=

Debt €5.29M▲ 27.4%

The debt ratio falls from 81.7% to 78.5%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€1.23M▲

2023 · €607k

Cash flow

€840k▲

2023 · €313k

Solvency

17.5%▲

2023 · 13.0%

Current ratio

1.28▲

2023 · 1.17

Quick ratio

1.16▲

2023 · 1.03

Debt / equity

4.49▼

2023 · 6.29

ROE

44.4%▲

2023 · 3.4%

ROA

7.7%▲

2023 · 0.4%

Interest coverage

10.16▲

2023 · 3.38

Debt

€5.29M▲

2023 · €4.15M

Debt ≤ 1 year

€4.17M▲

2023 · €3.53M

Debt > 1 year

€973k▲

2023 · €607k

Income taxes

€250k▲

2023 · €87k

Staff costs

€2.63M▲

2023 · €2.40M

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

Balance sheet Code2024

Total assets 20/58€6.74M

Fixed assets 21/28€1.39M

Tangible fixed assets 22/27€1.37M

Financial fixed assets 28€20k

Current assets 29/58€5.35M

Stocks & contracts in progress 3€489k

Amounts receivable within one year 40/41€4.21M

Cash & bank 54/58€597k

Total equity & liabilities 10/49€6.74M

Equity 10/15€1.18M

Contributions / capital 10/11€500k

Reserves 13€54k

Accumulated profits (losses) 14€494k

Provisions & deferred taxes 16€273k

Amounts payable 17/49€5.29M

Amounts payable after one year 17€973k

Amounts payable within one year 42/48€4.17M

Trade debts payable within one year 44€1.77M

Income statement Code2024

Turnover 70€14.00M

Operating result 9901€916k

Financial income 75€6k

Financial charges 65€150k

Result before taxes 9903€772k

Income taxes 67/77€250k

Net result for the period 9904€522k

Result to be appropriated 9905€522k

This is the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Timeline · acts, filings and financial milestones

All 17Financial 1Gazette 6Filings 10

2025

11-12

State Gazette act Director changes

v3.2

28-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 28 days late

2024

31-12

Financial Equity above €1MEq €1.18M ▲78.2%

2 profitable years in a row build equity to €1.18M.

26-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 57 days late

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 30 days late

2022

08-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 8 days late

2021

09-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 9 days late

2020

08-12

State Gazette act Director changes

v3.2

26-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

13-01

State Gazette act Director changes

v3.2

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 29 days late

2018

25-04

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

02-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

12-05

State Gazette act Director changes

v3.2

2016

29-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

2015

21-12

State Gazette act Director changes

v3.2

2014

22-09

State Gazette act Director changes

v3.2

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

6 of 7 acts read

About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 6 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

5 directors, last change in 2020

SCS BEDEL HOLDING

Director · since 02-01-2017 · Legal entity · perm. rep.: Bernard DELFOSSE

Not recently confirmed

27-11-2020 DELFOSSE Roland: Resigned as Director

13-01-2020 SCS BEDEL HOLDING: Mandate renewed as Director

13-01-2020 SCS BEDEL HOLDING: Appointed as Managing director

13-01-2020 DELFOSSE Roland: Mandate renewed as Director

10-12-2019 Géraldine DELFOSSE: Resigned as Director

02-01-2017 SCS BEDEL HOLDING: Appointed as Director

7 further events in the mandate history. Available in Kantoor S. See plans →

Not every act has been read: a resignation may be missing here

1 of this company's 7 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Andenne · 1 establishment unit since 2002

exact location from the address register On OpenStreetMap

Ground area

9,167 m²

Building footprint

896 m²

Parcel 92411E0021/00M002, Wallonia. Linked by address, not a title deed.

1 establishment unit

Rue Bourie 14, 5300 Andenne

NACE 1513103

since 20022.102.802.325