FERMER
ActiveFERMER has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114k and a net result of €16k. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 48% of 3609 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-31
Solvency38▼-9
Growth78=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.82 against 1.39 in 2024), and 72.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.5%
Return on assets
3.8%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
41 d late
2023
21 d late
2022
31 d late
2021
21 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€114k▲ 15.9%
2024 · €98k
2018: €15k
2019: €31k
2020: €31k
2021: €67k
2022: €88k
2023: €78k
2024: €98k
2018 → 2025
Total assets
€415k▲ 6.8%
2024 · €388k
2018: €465k
2019: €452k
2020: €443k
2021: €457k
2022: €600k
2023: €412k
2024: €388k
2018 → 2025
Net result
€16k▼ 22.3%
2024 · €20k
2018: €-15k
2019: €16k
2020: €-597
2021: €36k
2022: €30k
2023: €23k
2024: €20k
2018 → 2025
Working capital
€-15k
2024 · €26k
2018: €2k
2019: €20k
2020: €31k
2021: €35k
2022: €31k
2023: €58k
2024: €26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€88k▲ 32.1%€78k▼ 10.8%€98k▲ 25.7%€114k▲ 15.9%
Operating result€45k-€41k▼ 9.1%€49k▲ 18.0%€28k▼ 41.7%€32k▲ 13.6%
Net result€36k-€30k▼ 15.9%€23k▼ 22.8%€20k▼ 13.0%€16k▼ 22.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 14% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €415k
Fixed assets
€348k▲ 17.0%
Current assets
€67k▼ 26.3%
Equity and liabilities €415k
Equity
€114k▲ 15.9%
Debt
€301k▲ 3.8%
The debt ratio falls from 74.6% to 72.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€71k▲
2024 · €57k
Cash flow
€54k▲
2024 · €49k
Solvency
27.5%▲
2024 · 25.4%
Current ratio
0.82▼
2024 · 1.39
Quick ratio
0.76▼
2024 · 1.31
Debt / equity
2.63▼
2024 · 2.94
ROE
13.7%▼
2024 · 20.4%
ROA
3.8%▼
2024 · 5.2%
Interest coverage
12.41▲
2024 · 9.98
Debt
€301k▲
2024 · €290k
Debt ≤ 1 year
€82k▲
2024 · €65k
Debt > 1 year
€215k▼
2024 · €220k
Income taxes
€11k▲
2024 · €3k
Staff costs
€84k▼
2024 · €98k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€388k€415k▲
Fixed assets21/28€297k€348k▲
Tangible fixed assets22/27€295k€346k▲
Land and buildings22€230k€240k▲
Plant, machinery and equipment23€23k€21k▼
Furniture and vehicles24€34k€33k▼
Other tangible fixed assets26€8k€51k▲
Financial fixed assets28€2k€2k=
Current assets29/58€91k€67k▼
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40€666€1k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€68k€49k▼
Deferred charges and accrued income490/1€16k€9k▼
Equity and liabilities
Total equity and liabilities10/49€388k€415k▲
Equity10/15€98k€114k▲
Contributions10/11€7k€7k=
Reserves13€77k€92k▲
Non-distributable reserves130/1€673€673=
Reserves not available under the articles1311€673€673=
Distributable reserves133€76k€91k▲
Profit (loss) carried forward14€15k€15k▲
Amounts payable17/49€290k€301k▲
Amounts payable after more than one year17€220k€215k▼
Financial debts170/4€220k€215k▼
Amounts payable within one year42/48€65k€82k▲
Current portion of amounts payable after more than one year42€15k€21k▲
Trade debts44€20k€4k▼
Suppliers440/4€20k€4k▼
Taxes, remuneration and social security45€30k€28k▼
Taxes450/3€19k€26k▲
Remuneration and social security454/9€12k€2k▼
Other amounts payable47/48-€30k
Accrued charges and deferred income492/3€4k€4k▼
Income statement
Code20242025
Non-recurring operating income76A€13k€31k▲
Remuneration, social security and pensions62€98k€84k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€39k▲
Other operating charges640/8€4k€6k▲
Non-recurring operating charges66A-€11k
Gross operating margin9900€159k€172k▲
Operating profit (loss)9901€28k€32k▲
Financial income75/76B€821€144▼
Recurring financial income75€821€144▼
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€24k€27k▲
Income taxes67/77€3k€11k▲
Profit (loss) for the period9904€20k€16k▼
Profit (loss) for the period to be appropriated9905€20k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€30k▼
Profit (loss) brought forward from the previous period14P€14k€15k▲
Transfer to equity691/2€20k€15k▼
To other reserves6921€20k€15k▼
Social balance
Average headcount (FTE)90873.02.1▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Equity above €100kEq €114k ▲15.9%
5 profitable years in a row build equity to €114k.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 41 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are 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, Halle · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vandenpeereboomstraat 81500 HalleGround area
252 m²
Building footprint
255 m²
Volume, LiDAR
2,387 m³
2 parcels, Flanders · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
mag's burgers
since 20042.134.773.327
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027G0306/00G000 | Flanders | 132 m² | 1 · 120 m² | 15.8 m · 4 fl. |
| 23413H0096/00R002 | Flanders | 120 m² | 1 · 135 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteHalle2.134.773.327
Similar companies · same sector, comparable size
DUCHE
BE 0450.736.531
Gerpinnes · Eq €114k
SOCRI
BE 0809.056.610
Knokke-Heist · Eq €114k
VELTWIJCK
BE 0893.788.484
Antwerpen · Eq €114k
DBM Rest
BE 0847.654.096
Flémalle · Eq €114k
TDORPSGENOT
BE 0886.291.968
Aarschot · Eq €114k
Of 20,234 companies in sector 56111 we hold annual accounts for 11,310. 9,312 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2003
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@magsburgers.be
Phone:023069523
Fax:023069523