FARRAMED
ActiveSummary
FARRAMED has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €553,723 and a net result of €53,046. Equity remains stable across the filed financial years (±1.6% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Financials · financial year 2025, micro format
2025 annual accounts filed late (246 days) Filed on 4 October 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00545642.
Turnover
€2,919
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€53,046
2024 · -€2,063
Working capital
-€2,194▲ 98.7%
2024 · -€175,416
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is nearly 11 times 2024 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.
Operating result€0.06m
2025
Net result€0.05m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.8m
2025
Equity€0.6m
2025
Debt€0.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.002m
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.7
2020
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.003m
Operating result€0.04m-€0.05m▲ 29.7%€0.06m▲ 27.5%€0.006m▼ 89.9%€0.008m▲ 30.6%€0.005m▼ 28.7%€0.06m▲ 989%
Net result-€0.04m-€0.02m€0.02m▲ 20.4%-€0.002m-€0.008m▼ 359%-€0.002m▲ 75.3%€0.05m
Equity€0.5m-€0.5m▲ 3.2%€0.5m▲ 3.7%€0.5m▼ 0.4%€0.5m▼ 1.6%€0.5m▼ 0.4%€0.6m▲ 10.6%
Total assets€1.5m-€1.4m▼ 5.5%€1.5m▲ 7.8%€1.4m▼ 10.7%€0.8m▼ 41.5%€1.2m▲ 51.8%€0.8m▼ 34.0%
Debt€1.0m-€0.9m▼ 9.6%€1.0m▲ 10.0%€0.8m▼ 16.0%€0.3m▼ 65.7%€0.7m▲ 143%€0.2m▼ 65.9%
Working capital-€0.2m--€0.2m▼ 29.6%-€0.08m▲ 62.7%-€0.2m▼ 145%-€0.1m▲ 49.3%-€0.2m▼ 72.1%-€0.002m▲ 98.7%
Staff (FTE)0.8-0.7▼ 12.5%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €792,587
Fixed assets
€655,644 ▼ 43.7%
Current assets
€136,943 ▲ 276%
Equity and liabilities €792,587
Equity
€553,723 ▲ 10.6%
Debt
€238,864 ▼ 65.9%
Debt's share of the balance-sheet total falls from 58.3% to 30.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65,656▲
2024 · €11,741
Cash flow
€59,336▲
2024 · €4,227
Current ratio
0.98▲
2024 · 0.17
Debt to equity
0.43▼
2024 · 1.40
ROE
9.6%▲
2024 · -0.4%
ROA
6.7%▲
2024 · -0.2%
Interest coverage
10.39▲
2024 · 1.56
Debt ≤ 1 year
€139,137▼
2024 · €211,847
Debt > 1 year
€99,727▼
2024 · €489,013
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €2,919 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €6,178 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,566 | €36,566 | €7,939 | €6,290 | €6,290 | €6,290 | €6,290 | = |
| Other operating charges640/8 | - | - | - | €936 | - | - | €980 | - |
| Gross operating margin9900 | €102,661 | €101,256 | €72,724 | €13,076 | €13,932 | €11,741 | €66,636 | ▲ 468% |
| Operating profit (loss)9901 | €35,165 | €45,612 | €58,140 | €5,850 | €7,642 | €5,451 | €59,366 | ▲ 989% |
| Recurring financial income75 | €4,180 | €4,325 | €496 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €5,229 | €16,000 | €7,514 | €6,320 | ▼ 15.9% |
| Recurring financial charges65 | €75,521 | €28,693 | €27,168 | €5,229 | €16,000 | €7,514 | €6,320 | ▼ 15.9% |
| Profit (loss) for the period before taxes9903 | -€36,176 | €21,244 | €31,468 | €622 | -€8,358 | -€2,063 | €53,046 | - |
| Income taxes67/77 | €3,360 | €6,036 | €13,156 | €2,442 | - | - | - | - |
| Profit (loss) for the period9904 | -€39,536 | €15,208 | €18,313 | -€1,821 | -€8,358 | -€2,063 | €53,046 | - |
| Profit (loss) for the period to be appropriated9905 | -€39,536 | €15,208 | €18,313 | -€1,821 | -€8,358 | -€2,063 | €53,046 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.5m | €1.4m | €1.5m | €1.4m | €0.8m | €1.2m | €0.8m | ▼ 34.0% |
| Fixed assets21/28 | €1.4m | €1.3m | €1.3m | €1.3m | €0.8m | €1.2m | €0.7m | ▼ 43.7% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 4.2% |
| Land and buildings22 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 4.4% |
| Other tangible fixed assets26 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | €0.6m | €1.0m | €0.5m | ▼ 49.5% |
| Current assets29/58 | €0.1m | €0.06m | €0.2m | €0.03m | €0.02m | €0.04m | €0.1m | ▲ 276% |
| Amounts receivable after more than one year29 | - | - | - | €0.02m | €0.01m | €0.03m | €0.05m | ▲ 72.3% |
| Other amounts receivable291 | - | - | - | €0.02m | €0.01m | €0.03m | €0.05m | ▲ 72.3% |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €0.1m | €0.001m | - | - | - | - |
| Trade receivables40 | - | - | - | €0.001m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.01m | €0.004m | €469 | - | €0.007m | €0.007m | €0.03m | ▲ 390% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.001m | €0.05m | ▲ 47× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.5m | €1.4m | €0.8m | €1.2m | €0.8m | ▼ 34.0% |
| Equity10/15 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 10.6% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | €48 | €56 | €68 | -€0.002m | -€0.01m | -€0.01m | €0.04m | - |
| Amounts payable17/49 | €1.0m | €0.9m | €1.0m | €0.8m | €0.3m | €0.7m | €0.2m | ▼ 65.9% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.7m | €0.6m | €0.2m | €0.5m | €0.1m | ▼ 79.6% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 8.4% |
| Other amounts payable178/9 | - | - | - | €0.4m | - | €0.4m | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.3m | €0.2m | €0.1m | €0.2m | €0.1m | ▼ 34.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.09m | €0.1m | €0.09m | ▼ 27.2% |
| Financial debts43 | - | - | - | €0.05m | - | €0.02m | €0.03m | ▲ 42.0% |
| Credit institutions430/8 | - | - | - | €0.05m | - | €0.02m | €0.03m | ▲ 42.0% |
| Trade debts44 | €0.01m | €0.004m | €0.06m | - | €0.002m | - | - | - |
| Suppliers440/4 | - | - | - | - | €0.002m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | = |
| Taxes450/3 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | = |
| Other amounts payable47/48 | - | - | - | €0.09m | - | €0.05m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,536 | €15,208 | €18,313 | -€1,821 | -€8,358 | -€2,063 | €53,046 | - |
| + Depreciation and write-downs630 | €36,566 | €36,566 | €7,939 | €6,290 | €6,290 | €6,290 | €6,290 | = |
| Operating cash flow (approximation) | -€2,970 | €51,774 | €26,252 | €4,470 | -€2,068 | €4,227 | €59,336 | ▲ 14× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €549,255 | -€400,068 | €503,171 | - |
| Change in cash | - | -€8,114 | -€3,738 | - | - | -€231 | €27,157 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 04-10-2026 | 2026-00545642 |
| 30-06-2024 | micro format | 14-08-2026 | 2026-00399016 |
| 30-06-2023 | micro format | 20-02-2024 | 2024-00032122 |
| 30-06-2022 | micro format | 01-09-2025 | 2025-00458186 |
| 30-06-2021 | full format | 07-02-2022 | 2022-05200041 |
| 30-06-2020 | full format | 30-07-2021 | 2021-44200412 |
| 30-06-2019 | full format | 15-01-2020 | 2020-01200134 |
| 30-06-2018 | full format | 11-01-2019 | 2019-01100085 |
| 30-06-2017 | full format | 10-01-2018 | 2018-01200001 |
| 30-06-2016 | full format | 16-01-2017 | 2017-01400408 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.