Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FARGAN from Braine-l'Alleud, company number BE0438709224, closed financial year 2025 with a result of € -43,766 after tax. For that financial year FARGAN recorded revenue of € 615,695 and equity of € -654,491. Compared with financial year 2024, the result moved from € -44,431 to € -43,766. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ -654,491
▼ € 43,766 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -43,766
▲ 1 % less loss than in 2024
Profit after tax over the fiscal year.
€ 8,891
▼ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -951,971.
People and assets in 2025
2.6
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 134,160
▲ 13% vs 2024
€ 51,600 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.
€ 461
▼ 71% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3,262
Loans from banks and other lenders, long and short.
€ 218,521
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37,472
▼ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 383,300 | € 380,600 | € 545,875 | € 615,695 | ▲ 13% |
| Gross margin | € -16,421 | € 34,171 | € 161,572 | € 167,038 | ▲ 3% |
| Profit after taxes | € -209,719 | € -162,234 | € -44,431 | € -43,766 | ▲ € 665 |
| Equity | € -404,059 | € -566,294 | € -610,725 | € -654,491 | ▼ € 43,766 |
| Total debts | € 2,219,507 | € 2,257,527 | € 2,423,307 | € 2,404,983 | ▼ 1% |
| Cash | € 101 | € 22,386 | € 9,722 | € 8,891 | ▼ 9% |
| Retained profit | € -701,539 | € -863,774 | € -908,205 | € -951,971 | ▼ € 43,766 |
| Bank debt | € 64,861 | € 28,550 | € 0 | € 3,262 | |
| Balance sheet total | € 1,815,448 | € 1,691,233 | € 1,812,582 | € 1,750,493 | ▼ 3% |
| Employees (FTE) | 2.8 | 2.8 | 2.8 | 2.6 | ▼ 0.2 |
Key figures of FARGAN, 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 FARGAN?
What happened at FARGAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 43,766. Source: NBB ↗
- Jean-Philippe LEROY stepped down as director. NBB
- ORELYS SRL stepped down as director. NBB
- Jean-Philippe LEROY became a director. NBB
- ORELYS SRL became a director. NBB
- New establishment in Braine-l'Alleud. KBO
- Start of the company according to the CBE. KBO
In short
From € 209,719 loss in 2022 to € 43,766 loss in 2025.
Paid € 3,350 in corporate taxes since 2022.
On average € 64,200 of value added per employee in 2025.
Management
It owns 100% of PHARMA 5, 99% of PACHECO and 72.5% of PHARMACIES DE GARE itself.
Directors
According to the 2025 annual accounts
Jean-Philippe LEROY
Director
Also active at: Les Pharmacies de Gare, PHARMACIE CENTRALE DE BRAINE L'ALLEUD, LEARGEST, PHARMA 5, ORELYS
since 2020 · until 2026
Managing director · represented by Virginie DELVAULX
Also active at: Les Pharmacies de Gare, PACHECO, PHARMACIE CENTRALE DE BRAINE L'ALLEUD, LEARGEST
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Avenue du Commerce 42
1420 Braine-l'Alleud
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.709.224
- VAT number
- BE 0438.709.224
- Registered office
- Avenue du Commerce 42, 1420 Braine-l'Alleud
- Names & denominations
- FARGAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 October 1989
- Peppol
- Active · Active since 16 Oct 2025
- Activities · NACE
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Overige activiteiten i .v.m. administratie, n.e.g.
Diverse administratieve activiteiten ten behoeve van kantoren