Subsidiaries and holdings
- MAINVAULT50%
- Waterunie50%
- Waterunie Operator50%
- DE STROOMLIJN32.03%
- SYNDUCTIS22.12%
- Creat Services15.81%
- Doccle0.15%
Farys
ActiveSummary
Farys has the legal form “Opdrachthoudende vereniging (Vlaams Gewest)” in the KBO. Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €2.04bn and a net result of €40.3m. Equity has been growing by about 3.3% per year since 2018. Its solvency ranks better than 56% of 65 sector peers (NACE 36, financial year 2025). The company has been active since 1923 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 16-02-1923 Normal situation
- Activity
- Water collection, treatment and supply NACE 36000and 3 others
- Establishment units
- 2.158.292.758 9000 Gent, since 16-02-1923
- 2.175.916.569 1730 Asse, since 01-01-1950and 100 others
- Financial year end
- 31 December
- Peppol
- Reachable since 28-08-2023
Board and ownership
Board
- Jan VERMEULENChair
- PEETERS ChristopheDirector · since 28-03-2025
- De Mulder, Frank Marie JosephDirector · since 22-12-2017
- Auditor
- Figurad Bedrijfsrevisoren bv
Shareholders
- Stadsontwikkeling Gent (sogent)0.01%· score 672025 annual accounts of Stadsontwikkeling Gent (sogent)
- Holdings
- Shares in 9 companies including Farys Solar and Creat
Financial position
Bankruptcy probability: legal form outside the model
Annual accounts 2025
- Turnover
- €576.9m
- ▲ 14.0%
- Profit
- €40.3m
- ▲ 5.5%
- Equity
- €2.04bn
- ▲ 6.3%
- Total assets
- €3.81bn
- ▲ 4.3%
- Employees on 31-12-2025
- 1,042
- ▲ 2.2%
Standalone figures, without subsidiaries
Group, consolidated 2025: turnover €623.2m, result €41.1m
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Score 2025
65
/ 100
Healthy= on 2024
Without a bankruptcy probability, the score rests on the figures alone.
Financial strength · tick: 2024
Strong
Solvency
79+1
equity 53.5% of total assets
Liquidity
50=
short-term debt 7.8% · cash 0.2%
Profitability
67-1
return on assets 1.1%
Bankruptcy probability within 12 months
The KBO gives the legal form as “Opdrachthoudende vereniging (Vlaams Gewest)”. There is no bankruptcy probability for it. The model is built on companies and gives no reliable figure for this form.
Credit of up to €57,650,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.42 (1.04 in 2024), below the usual 1.5. Short-term debt is 7.8% and cash 0.2% of total assets. 46.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
38 days early
2024
23 days early
2023
29 days early
2022
27 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 4 accounts on average 29 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Positive: Largest company by total assets in Belgium, Water collection and supply sectorin the Checked rankings No. 1 View
- Flemish supportawarded from 2022 to 2025 €176.7m View
- Positive: 8 profitable years in a rowprofit 2025: €40.3m 8 years View
- Positive: Always filed on timeaccounts within the deadline every year 4 years View
Recent changes
- · Gazette deed Transfer proposal: Farys transfers a branch of activity to WATERUNIE OPERATOR
- · Gazette deed Appointment: FIGURAD Bedrijfsrevisoren bv (statutory auditor)
- · Gazette deed Change of role: Christophe PEETERS, from director to vice-chairResignations: Hina BHATTI, Frank DE MULDER and 13 others · Reappointments: Eddy DEKNOPPER, Frank DE VIS and 5 others · Appointments: Michèle ESQUENET, Jan VERMEULEN and 7 others
Companies linked to Farys
Comparable companies
These companies have the same main activity as Farys: water collection, treatment and supply (NACE 36000). They are comparable in size and age: total assets between €460m and €2.6bn, founded between 1913 and 1986.
| Company | Total assets | Turnover |
|---|---|---|
| Farys Gent | €3,813.1m | €576.9m |
| Pidpa Grobbendonk | €1,594.8m | €402.7m |
| VIVAQUA Brussel | €1,759.6m | €356.0m |
| SOCIETE WALLONNE DES EAUX Verviers | €2,555.9m | €631.3m |
| Vlaamse Maatschappij voor Watervoorziening Schaarbeek | €2,419.8m | €974.0m |
| Water-Link Antwerpen | €571.5m | €254.5m |
| Compagnie Intercommunale Liégeoise des Eaux Liège | €460.1m | €159.7m |
Key facts about Farys
- What is the company number of Farys?
- The company number of Farys is 0200.068.636. The VAT number is the same number with BE in front: BE 0200.068.636.
- Where is Farys based?
- The registered office is at Stropstraat 1, 9000 Gent.Company details
- What does Farys do?
- According to the KBO register, the main activity is water collection, treatment and supply (NACE 36000).
- What is the legal form of Farys?
- The legal form of Farys is Opdrachthoudende vereniging (Vlaams Gewest).
- When was Farys founded?
- Farys was founded on 16-02-1923.
- Is Farys still active?
- Yes, Farys is an active enterprise in the KBO register.
- How many employees does Farys have?
- Farys had an average of 974 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Farys?
- The turnover of Farys was €576.9m in financial year 2025, according to the filed annual accounts.
- Is Farys profitable?
- In financial year 2025, Farys made a profit of €40.3m.
- Where can I find the annual accounts of Farys?
- Farys filed 73 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Farys due?
- Farys must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.