Farys is a water company in Gent. Opdrachthoudende vereniging (Vlaams Gewest), started on 16 February 1923, 102 establishments.

What is the address of Farys?

The registered office of Farys is located at Stropstraat 1, 9000 Gent.

Is Farys still active?

Yes. According to the CBE (29 October 2026) Farys is active, legal situation “Normale toestand”, started on 16 February 1923.

Is Farys registered on Peppol?

Yes, Farys is registered on the Peppol network with ID 0208:0200068636.

What is the enterprise number of Farys?

The enterprise number of Farys is BE0200068636.

When was Farys founded?

Farys was founded on 16 February 1923.

Is Farys a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 16 February 1923; 5 annual accounts filed, latest fiscal year 2025; 15 directors known from the annual account; 102 establishments in the CBE.

How much profit did Farys make in 2025?

Farys posted a profit after taxes of € 40,275,898 in financial year 2025.

What is the revenue of Farys?

In its most recent annual accounts (2025), Farys reported revenue of € 576,927,502.

How much does an employee at Farys earn?

The average wage cost per full-time employee at Farys was € 106,900 in 2025: staff costs of € 104.1 million for 974 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Farys have?

According to the 2025 annual accounts, Farys has 974 full-time equivalents (FTE).

Farys - Gent - BE0200068636

Q: Who are the directors of Farys?

According to the 2025 annual accounts, the directors of Farys are: Greet RIEBBELS, Minou ESQUENET, Frank DE MULDER, Jan VERMEULEN, Pablo ANNYS, Frank DE VIS, Christophe PEETERS, Yoeri VASTERSAVENDTS.

Dossier Farys, printed on 29 October 2026 from databakkes.be/en/0200068636/farys. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Farys from Gent, company number BE0200068636, closed financial year 2025 with a result of € 40.3 million after tax. For that financial year Farys recorded revenue of € 576.9 million and equity of € 2 billion. Compared with financial year 2024, the result moved from € 38.2 million to € 40.3 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.

What it is worth Growing

€ 2 billion

▲ 6% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 40.3 million

▲ 5% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 5.8 million

▼ 36% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 538.1 million.

People and assets in 2025

Full-time equivalents

974

▲ 24.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 87 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 104.1 million

▲ 8% vs 2024

€ 106,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 4.9 million

▲ 34% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 20 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.5 billion

▲ 4% vs 2024

€ 73.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.

Owed to suppliers

€ 54.5 million

▲ 13% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 58 days on average.

Taxes and wages

€ 15.3 million

▲ 17% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 453,986,888 Revenue 2022: € 453,986,888 First fiscal year in the series	€ 495,967,858 Revenue 2023: € 495,967,858 ▲ 9% vs 2022 (€ 453,986,888) Favourable step	€ 506,292,269 Revenue 2024: € 506,292,269 ▲ 2% vs 2023 (€ 495,967,858) Favourable step	€ 576,927,502 Revenue 2025: € 576,927,502 ▲ 14% vs 2024 (€ 506,292,269) Favourable step	▲ 14%
Profit after taxes	€ 28,687,944 Profit after taxes 2022: € 28,687,944 First fiscal year in the series	€ 29,230,030 Profit after taxes 2023: € 29,230,030 ▲ 2% vs 2022 (€ 28,687,944) Favourable step	€ 38,180,199 Profit after taxes 2024: € 38,180,199 ▲ 31% vs 2023 (€ 29,230,030) Favourable step	€ 40,275,898 Profit after taxes 2025: € 40,275,898 ▲ 5% vs 2024 (€ 38,180,199) Favourable step	▲ 5%
Equity	€ 1,800,168,014 Equity 2022: € 1,800,168,014 First fiscal year in the series	€ 1,862,490,687 Equity 2023: € 1,862,490,687 ▲ 3% vs 2022 (€ 1,800,168,014) Favourable step	€ 1,920,852,147 Equity 2024: € 1,920,852,147 ▲ 3% vs 2023 (€ 1,862,490,687) Favourable step	€ 2,040,928,719 Equity 2025: € 2,040,928,719 ▲ 6% vs 2024 (€ 1,920,852,147) Favourable step	▲ 6%
Total debts	€ 1,552,613,212 Total debts 2022: € 1,552,613,212 First fiscal year in the series	€ 1,661,986,120 Total debts 2023: € 1,661,986,120 ▲ 7% vs 2022 (€ 1,552,613,212) Unfavourable step	€ 1,720,341,516 Total debts 2024: € 1,720,341,516 ▲ 4% vs 2023 (€ 1,661,986,120) Unfavourable step	€ 1,753,763,323 Total debts 2025: € 1,753,763,323 ▲ 2% vs 2024 (€ 1,720,341,516) Unfavourable step	▲ 2%
Cash	€ 5,087,038 Cash 2022: € 5,087,038 First fiscal year in the series	€ 16,128,975 Cash 2023: € 16,128,975 ▲ 217% vs 2022 (€ 5,087,038) Favourable step	€ 9,006,384 Cash 2024: € 9,006,384 ▼ 44% vs 2023 (€ 16,128,975) Unfavourable step	€ 5,806,492 Cash 2025: € 5,806,492 ▼ 36% vs 2024 (€ 9,006,384) Unfavourable step	▼ 36%
Land & buildings	€ 234,924,940 Land & buildings 2022: € 234,924,940 First fiscal year in the series	€ 243,265,799 Land & buildings 2023: € 243,265,799 ▲ 4% vs 2022 (€ 234,924,940) Unchanged	€ 265,029,761 Land & buildings 2024: € 265,029,761 ▲ 9% vs 2023 (€ 243,265,799) Unchanged	€ 284,291,228 Land & buildings 2025: € 284,291,228 ▲ 7% vs 2024 (€ 265,029,761) Unchanged	▲ 7%
Retained profit	€ 399,605,548 Retained profit 2022: € 399,605,548 First fiscal year in the series	€ 437,014,574 Retained profit 2023: € 437,014,574 ▲ 9% vs 2022 (€ 399,605,548) Favourable step	€ 491,732,702 Retained profit 2024: € 491,732,702 ▲ 13% vs 2023 (€ 437,014,574) Favourable step	€ 538,061,927 Retained profit 2025: € 538,061,927 ▲ 9% vs 2024 (€ 491,732,702) Favourable step	▲ 9%
Bank debt	€ 1,282,934,926 Bank debt 2022: € 1,282,934,926 First fiscal year in the series	€ 1,381,447,438 Bank debt 2023: € 1,381,447,438 ▲ 8% vs 2022 (€ 1,282,934,926) Unfavourable step	€ 1,424,386,299 Bank debt 2024: € 1,424,386,299 ▲ 3% vs 2023 (€ 1,381,447,438) Unfavourable step	€ 1,482,288,781 Bank debt 2025: € 1,482,288,781 ▲ 4% vs 2024 (€ 1,424,386,299) Unfavourable step	▲ 4%
Balance sheet total	€ 3,370,061,887 Balance sheet total 2022: € 3,370,061,887 First fiscal year in the series	€ 3,544,030,537 Balance sheet total 2023: € 3,544,030,537 ▲ 5% vs 2022 (€ 3,370,061,887) Unchanged	€ 3,655,171,752 Balance sheet total 2024: € 3,655,171,752 ▲ 3% vs 2023 (€ 3,544,030,537) Unchanged	€ 3,813,056,906 Balance sheet total 2025: € 3,813,056,906 ▲ 4% vs 2024 (€ 3,655,171,752) Unchanged	▲ 4%
Employees (FTE)	962.1 Employees (FTE) 2022: 962.1 First fiscal year in the series	935.9 Employees (FTE) 2023: 935.9 ▼ 26.2 vs 2022 (962.1) Unchanged	949.4 Employees (FTE) 2024: 949.4 ▲ 13.5 vs 2023 (935.9) Unchanged	974 Employees (FTE) 2025: 974 ▲ 24.6 vs 2024 (949.4) Unchanged	▲ 24.6

Key figures of Farys, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Farys?

What happened at Farys in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 23, 2026 New annual accounts for financial year 2025: profit of € 40.3 million (▲ 5% vs 2024). Source: NBB ↗
May 1, 2026 New establishment in Oosterzele. KBO
2025 Greet RIEBBELS became a director. NBB
2025 Minou ESQUENET became a director. NBB
2025 Jan VERMEULEN became a director. NBB
2025 Pablo ANNYS became a director. NBB
2025 Christophe PEETERS became a director. NBB
2025 Yoeri VASTERSAVENDTS became a director. NBB

In short

From € 28.7 million profit in 2022 to € 40.3 million profit in 2025.

Paid € 1.3 million in corporate taxes since 2022.

Best year ever: 2025, with € 40.3 million profit.

Pays suppliers within 58 days on average.

Original PDFs at the National Bank ↗

Management

Stadsontwikkeling Gent (sogent) 0%

The stake of Stadsontwikkeling Gent (sogent) comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Farys

Farys Solar 100%

Creat 69.5%

Mainvault 50%

Waterunie 50%

Behind Farys are Greet RIEBBELS, Minou ESQUENET, Frank DE MULDER, Jan VERMEULEN, Pablo ANNYS and Frank DE VIS. The shares are held by Stadsontwikkeling Gent (sogent) (0%). It owns 100% of Farys Solar, 69.5% of Creat, 50% of Mainvault, 50% of Waterunie, 50% of Waterunie Operator and 32% of De Stroomlijn itself.

Directors

According to the 2025 annual accounts

Greet RIEBBELS

Director

since 2025

Minou ESQUENET

Director

Also active at: De Korrelatie, LUCHTHAVENONTWIKKELINGSMAATSCHAPPIJ VLAANDEREN, Creat Services, Stadmakers

since 2025

Frank DE MULDER

Director

Also active at: SYNDUCTIS, Zonneberg, ENSOMME, Waterunie, TERRANOVA SOLAR, ARTEVELDE-STADION

since 2017

Jan VERMEULEN

Chairman of the board

Also active at: European Cyclists' Federation, Creat, Creat Services, Waterunie, CULTUURREGIO LEIE SCHELDE

since 2025

Pablo ANNYS

Director

since 2025

Frank DE VIS

Director

Also active at: Dimensa Woonmaatschappij

since 2022

Christophe PEETERS

Vice-chairman of the board

Also active at: Intercommunale Maatschappij Opera voor Vlaanderen, Stadsontwikkeling Gent (sogent), AquaFlanders, Collegium Vocale Gent, VLAAMSE ENERGIEHOLDING, Fluvius System Operator, Investeringsmaatschappij Modest, SYNDUCTIS +2 more

since 2025

Yoeri VASTERSAVENDTS

Director

since 2025

Eddy DEKNOPPER

Director

Also active at: WOONPUNT ZENNEVALLEI, Autonoom Gemeentebedrijf Beersel

since 2019

Sofie D'HONDT

Director

Also active at: Intergemeentelijke opdrachthoudende Vereniging voor huisvuilverwerking Meetjesland

since 2025

Jan FOULON

Director

Also active at: Woonmaatschappij Vlaamse Ardennen

since 2025

Goedele UYTTERSPROT

Director

Also active at: ADVOKATENKANTOOR GOEDELE UYTTERSPROT

since 2022

Marie-Mausanne LEGRAND

Director

since 2025

Ann BRUSSEEL

Director

Also active at: Autonoom Gemeentebedrijf Oostende, Brussels Philharmonic, Cultuurcentrum De Grote Post, OPDRACHTHOUDENDE VERENIGING VOOR CREMATORIUMBEHEER IN HET ARRONDISSEMENT OOSTENDE

since 2025

Philippe VERLEYEN

Director

since 2017

Shareholders

Stadsontwikkeling Gent (sogent)

Participations

100%

69.5%

50%

50%

50%

32%

22.1%

15.8%

Establishments

Establishment units

Physical locations of this company

Registered office

Stropstraat 1

9000 Gent

2.257.173.271

Leopold II-laan ZN box 1

8420 De Haan

Active since 1 May 2009

2.257.176.043

Nieuwenhuyse 49

8520 Kuurne

Active since 1 April 2016

2.257.176.142

Eikstraat 85

9041 Gent

Active since 27 June 2016

2.257.176.340

Koning Albert-I-laan 114 box B

8370 Blankenberge

Active since 1 October 2013

2.257.176.538

Zeistraat 41

9850 Deinze

Active since 1 September 2016

2.257.746.957

Nederzwijnaarde 2

9052 Gent

Active since 1 June 2016

2.257.747.353

Familie Van Rysselberghedreef 2 box 1

9000 Gent

Active since 1 January 2010

2.175.916.569

Huinegem 47

1730 Asse

Active since 1 January 1950

2.175.916.866

Peraltastraat 18

8000 Brugge

Active since 1 January 1950

2.175.916.965

Ninoofsesteenweg 583 box A

9600 Ronse

Active since 1 January 2009

2.207.103.356

Stropstraat 31

9000 Gent

Active since 1 September 2008

2.207.103.653

Veermanplein 1

9000 Gent

Active since 1 September 2008

2.207.105.138

Peerstraat 1

9000 Gent

Active since 1 September 2008

2.207.105.336

Oudenaardsesteenweg 74

9000 Gent

Active since 1 September 2008

2.207.106.623

Driepikkelstraat 30

9030 Gent

Active since 1 September 2008

2.207.106.821

Driebeekstraat 22

9050 Gent

Active since 1 September 2008

2.207.107.613

Ter Linden 29

9052 Gent

Active since 1 September 2008

2.207.108.108

Keiskantstraat 3

9031 Gent

Active since 1 September 2008

2.207.108.405

Botestraat 98

9032 Gent

Active since 1 September 2008

2.207.115.531

Tolhuislaan 77

9000 Gent

Active since 1 September 2008

2.207.115.630

Wolfputstraat 92

9041 Gent

Active since 1 September 2008

2.207.115.828

Dracenastraat 8

9000 Gent

Active since 1 September 2008

2.207.116.323

Sportstraat 1

8730 Beernem

Active since 1 January 2010

2.207.117.808

Eric Jameslaan 16

8370 Blankenberge

Active since 1 July 2010

2.207.118.501

Graaf Jansdijk 18

8420 De Haan

Active since 1 January 2006

2.207.118.994

Nieuwe Steenweg 74

8420 De Haan

Active since 1 May 2009

2.207.180.956

Prinsengoeddreef 33

9910 Aalter

Active since 1 January 2010

2.207.181.847

Urselseweg 185

9910 Aalter

Active since 1 January 2010

2.207.183.827

Koning Albert I-straat 124

9280 Lebbeke

Active since 1 July 2008

2.207.187.884

Sportlaan 5

1770 Liedekerke

Active since 1 January 2006

2.207.188.874

Iepersestraat 52 box H

8890 Moorslede

Active since 1 February 2010

2.207.195.309

Albrecht Rodenbachstraat 42

8020 Oostkamp

Active since 1 September 2008

2.207.196.792

Sportstraat 2

8020 Oostkamp

Active since 1 September 2008

2.207.198.079

Van Cauwelaertstraat 40 box .

1740 Ternat

Active since 1 January 2011

2.207.214.808

Oostkade 1

9060 Zelzate

Active since 1 January 2006

2.207.216.390

Vissersdijk 1

9000 Gent

Active since 26 November 2010

2.208.517.774

Heirbaan 9

1830 Machelen (Brab.)

Active since 1 January 2012

2.208.518.170

Sportstraat 1

8470 Gistel

Active since 1 January 2012

2.208.519.457

Dorpsstraat 38 box E

8470 Gistel

Active since 1 January 2012

2.208.519.853

Burg. Lionel Pussemierstraat 157

9900 Eeklo

Active since 1 February 2012

2.208.521.140

Kleine Weg 3

9950 Lievegem

Active since 1 May 2012

2.208.521.239

Pluimstraat(ESE) 18

8600 Diksmuide

Active since 1 May 2012

2.208.533.315

Ach Van Ackersquare 2

8370 Blankenberge

Active since 1 September 2007

2.229.448.295

Koedreef 1

9070 Destelbergen

Active since 1 April 2012

2.229.448.691

Parkwegel .1

9840 Nazareth-De Pinte

Active since 19 August 2013

2.229.449.087

Wellingstraat 29 box A

8730 Beernem

Active since 30 August 2013

2.229.449.582

Zandstraat 15

8810 Lichtervelde

Active since 1 January 2014

2.229.719.303

Sportlaan 3

1770 Liedekerke

Active since 1 January 2014

2.229.719.796

Heirbaan 10

1830 Machelen (Brab.)

Active since 1 April 2014

2.229.720.489

Vuurkruisenlaan 28

1830 Machelen (Brab.)

Active since 1 April 2014

2.229.720.984

Kosterstraat 70

1831 Machelen (Brab.)

Active since 1 April 2014

2.229.721.380

Alfons De Cockplein 10

1831 Machelen (Brab.)

Active since 1 April 2014

2.229.721.578

Corneille Peetersstraat 39

1830 Machelen (Brab.)

Active since 1 April 2014

2.231.469.558

Rue Malenroye(H) 40

7334 Saint-Ghislain

Active since 1 January 1950

2.259.137.225

Zuiderlaan 10

9000 Gent

Active since 1 January 2017

2.259.137.324

Zuiderlaan 12

9000 Gent

Active since 1 January 2017

2.251.590.922

Boer Janssensstraat 15

9050 Gent

Active since 11 June 2015

2.251.591.120

Borluutstraat 21

9051 Gent

Active since 11 June 2015

2.251.591.417

Botestraat 98 box C

9032 Gent

Active since 11 June 2015

2.250.727.127

Den Boer 17.

9930 Lievegem

Active since 1 January 2006

2.250.727.226

Heilig Hartstraat 15

8870 Izegem

Active since 2 June 2014

2.250.728.117

Sint-Jorisstraat 62

8870 Izegem

Active since 2 June 2015

2.250.728.315

Hogestraat 15

8870 Izegem

Active since 2 June 2015

2.250.728.414

Merelstraat 37

8870 Izegem

Active since 2 June 2015

2.250.728.711

Pieter De Coninckstraat zn

8870 Izegem

Active since 2 June 2015

2.261.878.068

Kleinkouterken 13

9051 Gent

Active since 1 January 2017

2.261.878.266

Frederik Burvenichstraat 171

9050 Gent

Active since 1 January 2017

2.261.878.365

Galvestonstraat 37

9000 Gent

Active since 1 January 2017

2.261.878.662

Alfons Braeckmanlaan 2

9040 Gent

Active since 1 January 2017

2.261.878.959

Sint-Gerolfstraat 16

9031 Gent

Active since 1 January 2017

2.261.879.256

Polderkenslaan 31

9030 Gent

Active since 1 January 2017

2.261.879.454

Papiermolenstraat 1

9000 Gent

Active since 1 January 2017

2.261.879.553

Hogeweg 135

9000 Gent

Active since 1 January 2017

2.270.489.193

Sportparklaan 6

8400 Oostende

Active since 1 August 2017

2.275.036.020

Dokter Eduard Moreauxlaan 1 box a

8400 Oostende

Active since 1 January 2018

2.277.088.460

Nieuwstraat 21

9570 Lierde

Active since 12 May 2018

2.277.088.559

Sint-Jozefstraat 13

9041 Gent

Active since 22 May 2018

2.281.162.559

Guido Gezellestraat 126

1654 Beersel

Active since 1 November 2018

2.283.930.029

Veltemweg 35

8310 Brugge

Active since 1 July 2019

2.283.930.425

Keizer Karelstraat 41

8000 Brugge

Active since 1 July 2019

2.285.114.419

Torhoutsesteenweg 584

8400 Oostende

Active since 1 January 2019

2.290.501.976

Moerhofstraat 18B

9180 Lokeren

Active since 1 January 2019

2.290.502.273

Klokhofstraat 10

8400 Oostende

Active since 1 September 2018

2.292.285.093

Schapenstraat 45 box A

8400 Oostende

Active since 28 June 2019

2.295.816.289

Ommersheimplein 2

8570 Anzegem

Active since 6 April 2020

2.297.163.205

Tondelierlaan 6

9000 Gent

Active since 2 September 2019

2.297.164.787

Kompasplein 2

9000 Gent

Active since 2 September 2019

2.308.114.208

Sportstraat 24

9920 Lievegem

Active since 1 October 2020

2.308.114.802

Neerstraat 43

9921 Lievegem

Active since 1 October 2020

2.308.115.196

Kanunnik Triestlaan 1

9920 Lievegem

Active since 1 October 2020

2.308.115.394

Tulpenstraat 1

9920 Lievegem

Active since 1 October 2020

2.312.450.405

Dijck 34

1780 Wemmel

Active since 1 November 2020

2.312.450.603

Egemstraat 47

8740 Pittem

Active since 1 January 2021

2.317.003.465

Oudenburgsesteenweg 101

8400 Oostende

Active since 17 May 2021

2.332.237.613

Hondelee 1B

9052 Gent

Active since 2 June 2022

2.329.121.141

Zandvleuge 66

9900 Eeklo

Active since 1 May 2022

2.334.164.052

Northlaan 14

8400 Oostende

Active since 1 May 2021

2.353.108.647

Bellevue 30

9050 Gent

Active since 20 January 2024

2.352.654.727

Jagersstraat 68

9660 Brakel

Active since 20 March 2023

2.356.699.726

Jagersstraat 64

9660 Brakel

Active since 1 January 2024

2.388.858.392

Hogeveld 2

9860 Oosterzele

Active since 1 May 2026

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

Creat same network

€ 50.2 million revenue · 2025

FARYS btw-eenheid

Waterunie same network

€ 224,984 revenue · 2025

Farys Solar same network

€ 1.1 million revenue · 2025

Waterunie Operator same network

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0200.068.636

VAT number

BE 0200.068.636

Registered office

Stropstraat 1, 9000 Gent

Names & denominations

Farys

Enterprise type

Rechtspersoon

Legal form

Opdrachthoudende vereniging (Vlaams Gewest)

Legal situation

Normale toestand

Start date

16 February 1923

Peppol

Active · Active since 28 Aug 2023

Activities · NACE

Winning, behandeling en distributie van water

Winning, zuivering en distributie van water

Overige recreatie- en ontspanningsactiviteiten, neg

Exploitatie van sportaccommodaties

Activiteiten van watersportclubs

View on CBE Public ↗ Annual accounts (NBB) ↗

Farys

Financials

What happened to Farys?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions