Equity
€2.04bn ▲ 6.3%
Farys has made a profit in every financial year since 2008.
Farys
Lifetime
18 annual accounts with figures on one time axis, 49 filings since 1977peak €576.9m (2025)
€576.9m▲ 14.0%
peak €40.3m (2025)
€40.3m▲ 5.5%
peak €2.04bn (2025)
€2.04bn▲ 6.3%
€1.75bn▲ 1.9%
peak 974 FTE (2025)
974 FTE▲ 2.6%
Board396 names since 2002all names
18 directorsPhilippe VERLEYEN and 17 others
Owners2 names in the annual accounts
Documentsfilings and deeds
23-06-202638 days before the deadline
2025financial year
Turnover from €506.3m to €576.9mTransfer proposal: Farys transfers a branch of activity to WA… 31-10Appointment: FIGURAD Bedrijfsrevisoren bv (statutory auditor) 01-099 directors appointed, 15 resignations, 7 reappointments 19-08Investments €213.2mCash from €9.0m to €5.8m
Key points
from the 2025 annual accountsInvestments
€224.4m 2.5 × depreciation
Green is investment, beige is depreciation.
Staff
1,042 employees on 31-12-2025
In 2025, 97 people joined and 76 left. On top of that, 17.4 agency workers worked there on average.
Position in the sector
€40.3m
Higher net result than 95% of companies in water collection and supply. Sector median €50,951 · 65 companies.
Public support
€176.7m awarded from 2022 to 2025
Flemish support, mostly Algemene werkingstoelage aan de exploitanten van een openbaar waterdistributienetwerk.
Public contracts
682 awards
Public contracts awarded. To 291 suppliers, 2018 to 2026.
Bankruptcy probability: legal form outside the modelStandalone figures, without subsidiaries
Group, consolidated 2025: turnover €623.2m, result €41.1m
Checked score
65
Healthy
Without a bankruptcy probability, the score rests on the figures alone.
= on 2024
Bankruptcy probability within 12 months
The KBO gives the legal form as “Opdrachthoudende vereniging (Vlaams Gewest)”. Checked does not compute a bankruptcy probability for it. The model is built on companies and gives no reliable figure for this form.
Financial strengthStrong
Credit verdict
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.
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Signals
1 signal, which does not raise the risk
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
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 13 others
- Stadsontwikkeling Gent (sogent) 0.01%score 67equity €204.8m (2025) · 2025 annual accounts of Stadsontwikkeling Gent (sogent)
Shares in 9 companies, including Farys Solar and Creat
Board & ownershipRecent changes
Environmental permit granted
Verbouwen / Wijzigen Infrastructuur · Departement Omgeving
Environmental permit granted
Hoogstammige bomen vellen die geen deel uitmaken van een bos · Eeklo
New establishment in Oosterzele
Oosterzele BT Hogeveld, Hogeveld 2
Transfer proposal: Farys transfers a branch of activity to WATERUNIE OPERATOR
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Farys Ghent | €576.9m | 12.9% | 53.5% | 974 |
| Pidpa Grobbendonk | €402.7m | 8.6% | 53.9% | 715.6 |
| VIVAQUA Brussels | €356.0m | 8.8% | 32.4% | 1,260.3 |
| SOCIETE WALLONNE DES EAUX Verviers | €631.3m | 3.9% | 59.6% | 1,318.2 |
| Vlaamse Maatschappij voor Watervoorziening Schaerbeek | €974.0m | 3.8% | 53.2% | 1,591.5 |
| Water-Link Antwerp | €254.5m | 8.0% | 54.9% | 481 |
| Compagnie Intercommunale Liégeoise des Eaux Liège | €159.7m | 2.7% | 79.7% | 393.7 |
Grey: the largest companies of the sector (water collection and supply (NACE 36)), without their names. Blue: the sector peers from the table.
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.
Official details
Source: KBO- Status
- Active since 16-02-1923Normal situation
- Activity
- Water collection, treatment and supplyNACE 36000and 3 others
- Establishment units
- 2.158.292.7589000 Ghent, since 16-02-1923
- 2.175.916.5691730 Asse, since 01-01-1950and 100 others
- Financial year end
- 31 December
- Peppol
- Reachable since 28-08-2023
Annual accounts 2025
- €3.81bn▲ 4.3%
- Employeeson 31-12-2025
- 1,042▲ 2.2%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Companies linked to Farys
Subsidiaries and holdings
- MAINVAULT50%
- Waterunie50%
- Waterunie Operator50%
- DE STROOMLIJN32.03%
- SYNDUCTIS22.12%
- Creat Services15.81%
- Doccle0.15%
Insights on Farys
Farys has existed since 1923. Turnover grew from €232.6m in 2008 to €576.9m in 2025 and staff from 612.8 to 974 full-time equivalents.
Turnover has grown every year since 2021.
In August 2025, nine directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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 Ghent.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?
- Legal form of Farys: 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
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