Skip to content

FARNIENTE

Active
Public limited companyfounded 1990active for 35 yearsRue Bourie 14, 5300 Andenne, BelgiumKBO/BCE: BE 0442.297.828
Summary

FARNIENTE has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.2m and a net result of €521,814. Equity is growing by about 2.7% per year across the filed financial years. Its solvency ranks better than 23% of 869 sector peers (NACE 10, financial year 2024). The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisFollow ReportCompare
FARNIENTEActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of food products
NACE 10111Manufacture of food products NACE 10850
5th oldest company in Andenne, Manufacturing sector1 site
Size
€14.0mturnover 2024
Staff
45 FTE
Equity
€1.2m
Profit
€521,814
Financial health
55 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.4%
Structure
Auditor: REWISÉ AD REVISEUR D'ENTREPRISESAccounts 82 days overdue1 of 7 deeds read
Why 55raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 28-08-2025)Equity €1.2m (17.5% of total assets)Sector: Manufacture of food products (NACE 10)lowers riskFounded in 1990Show the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 41% of its sector peers (NACE 10, small)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 42+4
equity 17.5% of total assets
Liquidity 29+13
short-term debt 61.9% · cash 8.9%
Profitability 71+27
return on assets 7.7%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (629 companies, NACE 10, small)
Last 24 months 11-2024: 2.3% 12-2024: 2.3%● unchanged vs 11-2024 01-2025: 2.3%● unchanged vs 12-2024 02-2025: 2.3%● unchanged vs 01-2025 03-2025: 2.2%▼ -0.1 percentage points vs 02-2025 04-2025: 2.2%● unchanged vs 03-2025 05-2025: 2.3%▲ +0.1 percentage points vs 04-2025 06-2025: 2.3%● unchanged vs 05-2025 07-2025: 2.5%▲ +0.2 percentage points vs 06-2025 08-2025: 3.1%▲ +0.6 percentage points vs 07-2025highest value 09-2025: 0.5%▼ -2.6 percentage points vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026lowest value 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.4 percentage points vs 07-2026 09-2026: 1.1%▲ +0.2 percentage points vs 08-2026 10-2026: 1.4%▲ +0.3 percentage points vs 09-2026
Credit of up to €60,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity tight (current ratio 1.28, compared with 1.17 in 2023, below the usual 1.5; short-term debt: 61.9% and cash: 8.9% of total assets), and 82.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, small): better than 24% on solvency, 23% on liquidity, 50% on profitability and 69% on growth.

The bankruptcy probability was computed on 20-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 28-08-2025)
NBB · annual accounts
raises risk · Equity €1.2m (17.5% of total assets)
NBB · annual accounts
lowers risk · Founded in 1990
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 869 sector peers (2024).
NBB · sector comparison
Position among 869 sector peers
Solvency
better than 23%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 82 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline21-10-2026 today
neutral · 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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
28 days late
2023
57 days late
2022
30 days late
2021
8 days late
2020
9 days late
2019
35 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 16 days after the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Permanent representative: Axel DUMONTAppointment: REWISE AD REVISEUR D'ENTREPRISES…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Highest result from 2018 to 2024net €521,814 ▲2,195%

Financials · financial year 2024, full format

In the rankings #5 oldest company in Andenne, Manufacturing sector#7 employer in the province of Namur, Food products sector#7 company by total assets in Andenne, Manufacturing sector

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 21 October 2026.

Turnover
€14.0m▲ 0.3%
2023 · €14.0m
EBIT margin
6.5%▲ 4.3pp
2023 · 2.3%
Net result
€521,814▲ 2,195%
2023 · €22,735
Working capital
€1.2m▲ 97.6%
2023 · €594,539
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 189% above 2023 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€14.0m 2024 Operating result€0.9m 2024 Net result€0.5m 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Turnover€11.9m€14.0m▲ 17.2%€14.0m▲ 0.3%
Operating result€0.2m-€0.4m▲ 97.8%€0.1m▼ 67.8%€0.6m▲ 330%€0.1m▼ 81.5%€0.3m▲ 209%€0.9m▲ 189%
Net result€0.06m-€0.1m▲ 119%€0.002mwithin the sector's middle half▼ 98.8%€0.3mwithin the sector's middle half▲ 16,627%-€0.07mbelow the sector's middle half€0.02mwithin the sector's middle half€0.5mwithin the sector's middle half▲ 2,195%
EBIT margin0.9%2.3%▲ 1.4pp6.5%▲ 4.3pp
Equity€0.6m-€0.8m▲ 38.9%€0.8mwithin the sector's middle half▼ 1.7%€0.7mwithin the sector's middle half▼ 6.3%€0.6mwithin the sector's middle half▼ 10.6%€0.7mwithin the sector's middle half▲ 2.7%€1.2mwithin the sector's middle half▲ 78.2%
Total assets€4.2m-€4.7m▲ 10.2%€4.9mwithin the sector's middle half▲ 5.2%€5.1mwithin the sector's middle half▲ 3.9%€5.3mwithin the sector's middle half▲ 3.5%€5.1mwithin the sector's middle half▼ 3.5%€6.7mwithin the sector's middle half▲ 32.5%
Debt€3.7m-€3.9m▲ 5.9%€4.1m▲ 6.5%€4.4m▲ 5.8%€4.6m▲ 5.8%€4.2m▼ 10.2%€5.3m▲ 27.4%
Working capital-€0.2m-€0.07m€0.2mwithin the sector's middle half▲ 265%€0.3mwithin the sector's middle half▲ 9.1%€0.1mwithin the sector's middle half▼ 50.3%€0.6mwithin the sector's middle half▲ 354%€1.2mwithin the sector's middle half▲ 97.6%
Solvency13.3%-16.8%▲ 3.5pp15.7%below the sector's middle half▼ 1.1pp14.1%below the sector's middle half▼ 1.5pp12.2%below the sector's middle half▼ 1.9pp13.0%below the sector's middle half▲ 0.8pp17.5%below the sector's middle half▲ 4.5pp
Current ratio0.92-1.02▲ 0.101.08within the sector's middle half▲ 0.061.07within the sector's middle half=1.03within the sector's middle half▼ 0.041.17within the sector's middle half▲ 0.141.28within the sector's middle half▲ 0.11
Return on assets (ROA)1.5%-3.0%▲ 1.5pp0.0%below the sector's middle half▼ 3.0pp5.6%within the sector's middle half▲ 5.5pp-1.3%below the sector's middle half▼ 6.9pp0.4%within the sector's middle half▲ 1.8pp7.7%within the sector's middle half▲ 7.3pp
Staff (FTE)43-45.3▲ 5.3%43.9within the sector's middle half▼ 3.1%43.8within the sector's middle half▼ 0.2%45.2within the sector's middle half▲ 3.2%43.3within the sector's middle half▼ 4.2%45within the sector's middle half▲ 3.9%
above within below the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.7m
Fixed assets €1.4m ▲ 45.6%
Current assets €5.3m ▲ 29.5%
Equity and liabilities €6.7m
Equity €1.2m ▲ 78.2%
Provisions €272,627 =
Debt €5.3m ▲ 27.4%
Debt's share of the balance-sheet total falls from 81.7% to 78.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€1.2m▲
2023 · €606,855
Cash flow
€840,031▲
2023 · €313,061
Quick ratio
1.16▲
2023 · 1.03
Debt to equity
4.49▼
2023 · 6.29
ROE
44.4%▲
2023 · 3.4%
Interest coverage
10.16▲
2023 · 3.38
Debt ≤ 1 year
€4.2m▲
2023 · €3.5m
Debt > 1 year
€973,211▲
2023 · €607,008
Income taxes
€250,368▲
2023 · €86,601
Staff costs
€2.6m▲
2023 · €2.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97.3% are still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.0% stopped otherwise
97.3% still going

For this company itself Checked computes a higher bankruptcy probability: 1.4% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,613 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 against 2023 · 79 lines
Balance sheet Code20232024
Assets
Total assets20/58€5.1m€6.7m▲
Fixed assets21/28€1.0m€1.4m▲
Tangible fixed assets22/27€0.9m€1.4m▲
Land and buildings22€0.5m€0.4m▼
Plant, machinery and equipment23€0.4m€0.3m▼
Furniture and vehicles24€0.02m€0.02m▲
Leasing and similar rights25€0.03m€0.6m▲
Financial fixed assets28€0.02m€0.02m▼
Other financial fixed assets284/8€0.02m€0.02m▼
Amounts receivable and cash guarantees285/8€0.02m€0.02m▼
Current assets29/58€4.1m€5.3m▲
Stocks and contracts in progress3€0.5m€0.5m▲
Stocks30/36€0.5m€0.5m▲
Raw materials and consumables30/31€0.5m€0.5m▲
Amounts receivable within one year40/41€3.5m€4.2m▲
Trade receivables40€1.4m€1.5m▲
Other amounts receivable41€2.1m€2.7m▲
Cash at bank and in hand54/58€0.1m€0.6m▲
Deferred charges and accrued income490/1€0.04m€0.05m▲
Equity and liabilities
Total equity and liabilities10/49€5.1m€6.7m▲
Equity10/15€0.7m€1.2m▲
Contributions10/11€0.5m€0.5m=
Capital10€0.5m€0.5m=
Issued capital100€0.5m€0.5m=
Reserves13€0.05m€0.05m=
Non-distributable reserves130/1€0.05m€0.05m=
Legal reserve130€0.05m€0.05m=
Profit (loss) carried forward14-€0.03m€0.5m▲
Investment grants15€0.1m€0.1m▼
Provisions and deferred taxes16€0.3m€0.3m=
Provisions for liabilities and charges160/5€0.3m€0.3m=
Other liabilities and charges164/5€0.3m€0.3m=
Amounts payable17/49€4.2m€5.3m▲
Amounts payable after more than one year17€0.6m€1.0m▲
Financial debts170/4€0.6m€1.0m▲
Subordinated loans170€0.08m€0.05m▼
Leasing and similar obligations172€0.02m€0.5m▲
Credit institutions173€0.5m€0.4m▼
Amounts payable within one year42/48€3.5m€4.2m▲
Current portion of amounts payable after more than one year42€0.1m€0.2m▲
Financial debts43€1.3m€1.7m▲
Credit institutions430/8€1.3m€1.7m▲
Trade debts44€1.7m€1.8m▲
Suppliers440/4€1.7m€1.8m▲
Taxes, remuneration and social security45€0.4m€0.5m▲
Taxes450/3€0.1m€0.2m▲
Remuneration and social security454/9€0.3m€0.4m▲
Accrued charges and deferred income492/3€0.009m€0.1m▲
Income statement Code20232024
Operating income70/76A€14.1m€14.2m▲
Turnover70€14.0m€14.0m▲
Other operating income74€0.2m€0.2m▲
Operating charges60/66A€13.8m€13.3m▼
Goods for resale, raw materials and consumables60€7.9m€7.6m▼
Purchases600/8€7.9m€7.6m▼
Change in stocks: decrease (increase)609€0.04m-€0.01m▼
Services and other goods61€2.8m€2.6m▼
Remuneration, social security and pensions62€2.4m€2.6m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.04m€0.009m▼
Other operating charges640/8€0.09m€0.09m▲
Non-recurring operating charges66A€0.3m-
Operating profit (loss)9901€0.3m€0.9m▲
Financial income75/76B€0.008m€0.006m▼
Recurring financial income75€0.008m€0.006m▼
Income from current assets751€0.002m€0.001m▼
Other financial income752/9€0.006m€0.006m▼
Financial charges65/66B€0.2m€0.2m▼
Recurring financial charges65€0.2m€0.2m▼
Debt charges650€0.2m€0.1m▼
Other financial charges652/9€0.04m€0.03m▼
Profit (loss) for the period before taxes9903€0.1m€0.8m▲
Income taxes67/77€0.09m€0.3m▲
Taxes670/3€0.09m€0.3m▲
Tax adjustments and reversals of tax provisions77€90€0.002m▲
Profit (loss) for the period9904€0.02m€0.5m▲
Profit (loss) for the period to be appropriated9905€0.02m€0.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.03m€0.5m▲
Profit (loss) brought forward from the previous period14P-€0.05m-€0.03m▲
Social balance sheet
Average headcount (FTE)908743.345.0▲

The notes to these accounts (59 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Operating income70/76A----€12.1m€14.1m€14.2m▲ 0.4%
Turnover70----€11.9m€14.0m€14.0m▲ 0.3%
Other operating income74----€0.2m€0.2m€0.2m▲ 10.7%
Operating charges60/66A----€12.0m€13.8m€13.3m▼ 3.9%
Goods for resale, raw materials and consumables60----€6.7m€7.9m€7.6m▼ 4.0%
Purchases600/8----€6.8m€7.9m€7.6m▼ 3.4%
Change in stocks: decrease (increase)609-----€0.2m€0.04m-€0.01m-
Services and other goods61----€2.7m€2.8m€2.6m▼ 6.2%
Remuneration, social security and pensions62---€2.1m€2.2m€2.4m€2.6m▲ 9.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.4m€0.4m€0.4m€0.3m€0.3m€0.3m▲ 9.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€0.001m-€0.04m€0.009m▼ 75.7%
Other operating charges640/8---€0.08m€0.07m€0.09m€0.09m▲ 3.6%
Non-recurring operating charges66A-----€0.3m--
Gross operating margin9900€2.6m€2.9m€2.8m€3.2m----
Operating profit (loss)9901€0.2m€0.4m€0.1m€0.6m€0.1m€0.3m€0.9m▲ 189%
Financial income75/76B---€0.007m€0.008m€0.008m€0.006m▼ 23.1%
Recurring financial income75€0.007m€0.01m€0.01m€0.007m€0.008m€0.008m€0.006m▼ 23.1%
Income from current assets751----€0.002m€0.002m€0.001m▼ 74.3%
Other financial income752/9----€0.006m€0.006m€0.006m▼ 0.9%
Financial charges65/66B---€0.1m€0.1m€0.2m€0.2m▼ 30.3%
Recurring financial charges65€0.1m€0.1m€0.1m€0.1m€0.1m€0.2m€0.2m▼ 30.3%
Debt charges650----€0.1m€0.2m€0.1m▼ 32.4%
Other financial charges652/9----€0.04m€0.04m€0.03m▼ 19.5%
Profit (loss) for the period before taxes9903€0.1m€0.3m€0.03m€0.4m-€0.04m€0.1m€0.8m▲ 606%
Income taxes67/77€0.04m€0.2m€0.03m€0.1m€0.03m€0.09m€0.3m▲ 189%
Taxes670/3----€0.03m€0.09m€0.3m▲ 191%
Tax adjustments and reversals of tax provisions77-----€90€0.002m▲ 2,348%
Profit (loss) for the period9904€0.06m€0.1m€0.002m€0.3m-€0.07m€0.02m€0.5m▲ 2,195%
Profit (loss) for the period to be appropriated9905€0.06m€0.1m€0.002m€0.3m-€0.07m€0.02m€0.5m▲ 2,195%
Line2018201920202021202220232024Change
Assets
Total assets20/58€4.2m€4.7m€4.9m€5.1m€5.3m€5.1m€6.7m▲ 32.5%
Fixed assets21/28€1.9m€1.7m€1.6m€1.3m€1.1m€1.0m€1.4m▲ 45.6%
Tangible fixed assets22/27€1.9m€1.7m€1.6m€1.3m€1.1m€0.9m€1.4m▲ 46.7%
Land and buildings22---€0.6m€0.5m€0.5m€0.4m▼ 8.5%
Plant, machinery and equipment23---€0.5m€0.5m€0.4m€0.3m▼ 25.5%
Furniture and vehicles24---€0.007m€0.02m€0.02m€0.02m▲ 2.6%
Leasing and similar rights25---€0.2m€0.07m€0.03m€0.6m▲ 2,081%
Financial fixed assets28€0.001m€0.001m€0.001m€0.01m€0.02m€0.02m€0.02m▼ 2.7%
Other financial fixed assets284/8----€0.02m€0.02m€0.02m▼ 2.7%
Amounts receivable and cash guarantees285/8----€0.02m€0.02m€0.02m▼ 2.7%
Current assets29/58€2.3m€2.9m€3.3m€3.8m€4.1m€4.1m€5.3m▲ 29.5%
Stocks and contracts in progress3€0.3m€0.3m€0.4m€0.3m€0.5m€0.5m€0.5m▲ 2.7%
Stocks30/36---€0.3m€0.5m€0.5m€0.5m▲ 2.7%
Raw materials and consumables30/31----€0.5m€0.5m€0.5m▲ 2.7%
Amounts receivable within one year40/41€1.9m€2.5m€2.9m€3.4m€3.4m€3.5m€4.2m▲ 20.3%
Trade receivables40---€1.3m€1.4m€1.4m€1.5m▲ 8.5%
Other amounts receivable41---€2.1m€2.0m€2.1m€2.7m▲ 28.4%
Cash at bank and in hand54/58€0.06m€0.01m€0.01m€0.02m€0.2m€0.1m€0.6m▲ 405%
Deferred charges and accrued income490/1---€0.02m€0.07m€0.04m€0.05m▲ 42.9%
Equity and liabilities
Total equity and liabilities10/49€4.2m€4.7m€4.9m€5.1m€5.3m€5.1m€6.7m▲ 32.5%
Equity10/15€0.6m€0.8m€0.8m€0.7m€0.6m€0.7m€1.2m▲ 78.2%
Contributions10/11€0.5m€0.5m€0.5m€0.5m€0.5m€0.5m€0.5m=
Capital10---€0.5m€0.5m€0.5m€0.5m=
Issued capital100---€0.5m€0.5m€0.5m€0.5m=
Reserves13€0.05m€0.05m€0.05m€0.05m€0.05m€0.05m€0.05m=
Non-distributable reserves130/1---€0.05m€0.05m€0.05m€0.05m=
Legal reserve130---€0.05m€0.05m€0.05m€0.05m=
Profit (loss) carried forward14-€0.08m€0.06m€0.06m€0.02m-€0.05m-€0.03m€0.5m-
Investment grants15---€0.1m€0.1m€0.1m€0.1m▼ 4.1%
Provisions and deferred taxes16-----€0.3m€0.3m=
Provisions for liabilities and charges160/5-----€0.3m€0.3m=
Other liabilities and charges164/5-----€0.3m€0.3m=
Amounts payable17/49€3.7m€3.9m€4.1m€4.4m€4.6m€4.2m€5.3m▲ 27.4%
Amounts payable after more than one year17€1.1m€0.9m€1.0m€0.8m€0.6m€0.6m€1.0m▲ 60.3%
Financial debts170/4---€0.8m€0.6m€0.6m€1.0m▲ 60.3%
Subordinated loans170----€0.1m€0.08m€0.05m▼ 31.9%
Leasing and similar obligations172----€0.2m€0.02m€0.5m▲ 2,221%
Credit institutions173----€0.3m€0.5m€0.4m▼ 16.5%
Amounts payable within one year42/48€2.5m€2.9m€3.0m€3.5m€4.0m€3.5m€4.2m▲ 18.0%
Current portion of amounts payable after more than one year42---€0.2m€0.2m€0.1m€0.2m▲ 59.5%
Financial debts43---€0.7m€0.7m€1.3m€1.7m▲ 27.9%
Credit institutions430/8---€0.7m€0.7m€1.3m€1.7m▲ 27.9%
Trade debts44€1.5m€1.6m€1.8m€1.5m€2.2m€1.7m€1.8m▲ 3.4%
Suppliers440/4---€1.5m€2.2m€1.7m€1.8m▲ 3.4%
Taxes, remuneration and social security45---€0.7m€0.9m€0.4m€0.5m▲ 36.1%
Taxes450/3---€0.2m€0.07m€0.1m€0.2m▲ 31.3%
Remuneration and social security454/9---€0.5m€0.8m€0.3m€0.4m▲ 38.2%
Other amounts payable47/48---€0.3m----
Accrued charges and deferred income492/3---€0.02m-€0.009m€0.1m▲ 1,473%
Line2018201920202021202220232024Change
Profit (loss) for the period9904€64,403€140,968€1,693€283,234-€70,491€22,735€521,814▲ 2,195%
+ Depreciation and write-downs630€303,873€372,435€379,866€396,693€341,900€290,326€318,217▲ 9.6%
Operating cash flow (approximation)€368,276€513,403€381,559€679,927€271,410€313,061€840,031▲ 168%
Investment in fixed assets (approximation)--€214,339-€271,728-€70,903-€174,361-€120,496-€753,631▼ 525%
Change in cash--€50,538-€527€9,440€131,050-€32,134€478,600-

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

Download as CSV

Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference
31-12-2024 full format 28-08-2025 2025-00423253
31-12-2023 full format 26-09-2024 2024-00473544
31-12-2022 full format 30-08-2023 2023-00373439
31-12-2021 full format 08-08-2022 2022-20278975
31-12-2020 full format 09-08-2021 2021-47300128
31-12-2019 full format 26-06-2020 2020-21800447
31-12-2018 full format 29-08-2019 2019-54800024
31-12-2017 full format 25-04-2018 2018-10900300
31-12-2016 full format 02-06-2017 2017-15000292
31-12-2015 full format 29-06-2016 2016-24700166

Show all 33 filings

Similar companies · same sector, comparable size

Exportslachthuis Smekens
BE 0400.145.388
Lede · equity €1,176,605
Roche4Abatt
BE 0417.669.924
Mouscron · equity €1,191,372
ÛLKEM FOOD
BE 0878.209.987
Kapellen · equity €1,215,613
RUPELMEAT
BE 0423.280.185
Anderlecht · equity €1,130,493
VERDICKT
BE 0417.278.954
Aalst · equity €1,321,064
Of the 582 active companies whose main activity is manufacture of food products (NACE 10111), figures are known for 326. 186 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors

Statutory auditor 1

REWISÉ AD REVISEUR D'ENTREPRISES
Statutory auditor · since 11-12-2025 · permanent representative: Axel DUMONT
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2025, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
REWISÉ AD REVISEUR D'ENTREPRISES
  • Statutory auditor, from 11-12-2025 to date
See the board, name and registered office on a given date →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 21 December 1990, FARNIENTE was incorporated.1 Turnover went from €11.9m in 2022 to €14.0m in 2024 and headcount from 43 full-time equivalents in 2018 to 45 in 2024.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018, 2022 and 2024

Acts, filings and financial milestones

2025
11-12
Gazette deed Permanent representative: Axel DUMONT
Appointment: REWISE AD REVISEUR D'ENTREPRISES (statutory auditor)3 facts ▸
  • General meeting, 30-06-2025
  • Permanent representative, Axel DUMONT
  • Auditor appointment, REWISE AD REVISEUR D'ENTREPRISES (statutory auditor)
28-08
NBB filing Annual accounts filed
financial year 2024 · full format · 28 days late
2024
31-12
Financial Highest result from 2018 to 2024net €521,814 ▲2,195%
Operating result €916,076, net result €521,814, both a record.
31-12
Financial Equity above €1mequity €1.2m ▲78.2%
2 profitable years in a row build equity to €1.2m.
26-09
NBB filing Annual accounts filed
financial year 2023 · full format · 57 days late
2023
31-12
Financial Back to profitnet €22,735
Net result €22,735 after one loss-making year.
30-08
NBB filing Annual accounts filed
financial year 2022 · full format · 30 days late
2022
31-12
Financial Weakest financial yearnet -€70,491
Net result drops to -€70,491, the lowest in the series; recovery starts the following year.
08-08
NBB filing Annual accounts filed
financial year 2021 · full format · 8 days late
2021
09-08
NBB filing Annual accounts filed
financial year 2020 · full format · 9 days late
2020
26-06
NBB filing Annual accounts filed
financial year 2019 · full format
2019
29-08
NBB filing Annual accounts filed
financial year 2018 · full format · 29 days late
Show earlier events
2018
25-04
NBB filing Annual accounts filed
financial year 2017 · full format
2017
02-06
NBB filing Annual accounts filed
financial year 2016 · full format
2016
29-06
NBB filing Annual accounts filed
financial year 2015 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 33 annual accounts filed, the latest 10 are here; all 33 are under Financials.
1 of 7 deeds read
About the unread acts

Of the 7 Belgian Official Gazette deeds 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.

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

Register details

Identification
Legal formPublic limited company
Founded21-12-1990
Financial year end31-12
Activities, NACEBEL 2025
10111Manufacture of food products
10850Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID 0208:0442297828
Also 9925:BE0442297828
Registered 09-10-2025

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

Register as of 21 October 2026 · Peppol Directory

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

Recognitions · licences · registrations

Food safety, FASFC

1 site
Andenneunit no. 2.102.802.325
3 permissions
Authorisation · Fabrikant bereide gerechten · since 02-03-2020
Approval · Verwerking visserijproducten · since 20-11-2007
Approval · Fabrikant vleesproducten · since 01-01-2006

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Andenne · 1 establishment unit since 2002
registered office establishment The establishment unit on the map
Ground area
9,167 m²
Building footprint
896 m²
Parcel 92411E0021/00M002, Wallonia. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Rue Bourie 14, 5300 Andenne
Manufacture of food products
since 2002unit no. 2.102.802.325
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
92411E0021/00M002 Wallonia 9,167 m² 1 · 895 m² -
How the parcels are linked
Good to know
The parcel matches the address exactly.

We would like to set cookies. That happens only with your consent. What we measure