La Fermette

Active

Non-profit associationfounded 196164 yrs activeRue des Hauts-degrés 23, 7800 Ath, BelgiumKBO/BCE: BE 0409.756.704

La Fermette has been active since 1961 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.78M and a net result of €37k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 83% of 691 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

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Checked score

Score 2024

90 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability71▼-1

Solvency95▼-4

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €160k at 30 days acceptable

Liquidity ample (current ratio 3.71 against 6.2 in 2023; short-term debt: 24.6% and cash: 36.6% of total assets), and 30.2% 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

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

−lowers risk+raises risk○neutral

Lower-risk legal form

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

KBO · legal form

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 87

Relative position

BE, all sectors

reference

Sector 87

lower

← fewer bankruptcies more bankruptcies →

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

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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

69.8%

Return on assets

1.4%

Age of the figures

21 mo

Higher-failure-rate region

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

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

29 d early

2023

33 d early

2022

10 d late

2021

2 d late

2020

12 d late

2019

25 d late

← 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

Not included in this filing

EBIT margin

Not included in this filing

Net result

€37k▼ 47.9%

2023 · €70k

2018: €49k 2019: €37k 2020: €3k 2021: €12k 2022: €-22k 2023: €70k

2018 → 2024

Working capital

€1.70M▼ 3.7%

2023 · €1.77M

2018: €1.47M 2019: €1.59M 2020: €1.72M 2021: €1.62M 2022: €1.59M 2023: €1.77M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€1.69M-€1.70M▲ 0.6%€1.68M▼ 1.4%€1.75M▲ 4.1%€1.78M▲ 2.1%

Operating result€4k-€13k▲ 249%€-22k€69k€34k▼ 51.7%

Net result€3k-€12k▲ 264%€-22k€70k€37k▼ 47.9%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 52% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.56M

91.3%

Fixed assets €223k▼ 9.9%

Current assets €2.33M▲ 10.6%

Equity and liabilities €2.56M

69.8%

30.2%

Equity €1.78M▲ 2.1%

Debt €773k▲ 26.7%

The debt ratio rises from 25.9% to 30.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€61k▼

2023 · €98k

Cash flow

€64k▼

2023 · €99k

Solvency

69.8%▼

2023 · 74.1%

Current ratio

3.71▼

2023 · 6.20

Quick ratio

3.71▼

2023 · 6.20

Debt / equity

0.43▲

2023 · 0.35

ROE

2.1%▼

2023 · 4.0%

ROA

1.4%▼

2023 · 3.0%

Interest coverage

98.45▼

2023 · 165.33

Debt

€773k▲

2023 · €611k

Debt ≤ 1 year

€629k▲

2023 · €341k

Income taxes

€370▲

2023 · €295

Staff costs

€2.29M▲

2023 · €2.23M

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 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€2.36M€2.56M▲

Fixed assets21/28€248k€223k▼

Tangible fixed assets22/27€248k€223k▼

Land and buildings22€30k€30k=

Plant, machinery and equipment23€42k€35k▼

Furniture and vehicles24€62k€45k▼

Assets under construction and advance payments27€113k€113k=

Current assets29/58€2.11M€2.33M▲

Amounts receivable within one year40/41€244k€184k▼

Trade receivables40€14k€7k▼

Other amounts receivable41€230k€177k▼

Current investments50/53€1.18M€1.19M▲

Cash at bank and in hand54/58€654k€936k▲

Deferred charges and accrued income490/1€29k€25k▼

Equity and liabilities

Total equity and liabilities10/49€2.36M€2.56M▲

Equity10/15€1.75M€1.78M▲

Contributions10/11€297k€297k=

Capital10€297k€297k=

Profit (loss) carried forward14€1.45M€1.49M▲

Investment grants15€600-

Amounts payable17/49€611k€773k▲

Amounts payable within one year42/48€341k€629k▲

Trade debts44€18k€33k▲

Suppliers440/4€18k€33k▲

Taxes, remuneration and social security45€292k€295k▲

Taxes450/3€42k€56k▲

Remuneration and social security454/9€250k€240k▼

Accrued charges and deferred income492/3€270k€144k▼

Income statement Code20232024

Non-recurring operating income76A€28k€5k▼

Remuneration, social security and pensions62€2.23M€2.29M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€27k▼

Other operating charges640/8€9k€7k▼

Non-recurring operating charges66A€203-

Gross operating margin9900€2.34M€2.36M▲

Operating profit (loss)9901€69k€34k▼

Financial income75/76B€2k€4k▲

Recurring financial income75€2k€4k▲

Financial charges65/66B€593€620▲

Recurring financial charges65€593€620▲

Profit (loss) for the period before taxes9903€71k€37k▼

Income taxes67/77€295€370▲

Profit (loss) for the period9904€70k€37k▼

Profit (loss) for the period to be appropriated9905€70k€37k▼

Appropriation of the result

Profit (loss) to be appropriated9906€1.45M€1.49M▲

Profit (loss) brought forward from the previous period14P€1.38M€1.45M▲

Social balance

Average headcount (FTE)908735.835.5▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

02-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

28-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Back to profitnet €70k

Net result €70k after one loss-making year.

10-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 10 days late

2022

31-12

Financial Weakest financial yearnet €-22k ▼283%

Net result drops to €-22k, the lowest in the series; recovery starts the following year.

02-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 2 days late

2021

12-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 12 days late

2020

25-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 25 days late

2019

26-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

16-01

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 169 days late

2017

09-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 9 days late

2016

07-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Ath · 4 establishment units since 2006

establishment All 4 establishment units on the map

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.

Rue des Hauts-degrés 237800 Ath

Ground area

3,412 m²

Building footprint

636 m²

Volume, LiDAR

1,612 m³

4 parcels, Wallonia · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.

4 establishment units

Aide à l'Enfance abandonnée et inadaptée - Comité provincial du Hainaut - Home la Fermette

Rue des Hauts-degrés 23, 7800 AthEducation

since 20062.154.886.375

le Clos

Rue de la Tannerie(Arb) 17, 7811 AthResidential care activities

since 20082.212.328.983

La Maison

Route de Flobecq(Ost) 338, 7804 AthResidential care activities

since 20082.212.329.181

L'Esplanade

Rue Isidore Hoton 10, 7800 AthSocial work activities without accommodation

since 20222.331.206.443

4 parcels

Wallonia 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
51048B0389/00R000	Wallonia	1,734 m²	1 · 301 m²	-
51002B0243/00F000	Wallonia	1,351 m²	1 · 191 m²	-
51004D0056/00E000	Wallonia	201 m²	1 · 60 m²	12.6 m · 3 fl.
51004B0807/00W027	Wallonia	127 m²	1 · 84 m²	13.3 m · 4 fl.