Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FARMAS from Lede, company number BE0450794929, closed financial year 2025 with a result of € 215,197 after tax. For that financial year FARMAS recorded a gross margin of € 84,757 and equity of € 546,849. Compared with financial year 2024, the result moved from € 25,126 to € 215,197. 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 July 31, 2026.
€ 546,849
▲ 65% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 215,197
▲ € 190,071 vs 2024
Profit after tax over the fiscal year.
€ 3,384
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 484,849.
People and assets in 2025
€ 15,094
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 140,837
▼ 16% vs 2024
€ 6,104 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 21,381
▲ € 16,946 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 88,132 | € 92,507 | € 87,655 | € 84,757 | ▼ 3% |
| Profit after taxes | € 31,471 | € 31,790 | € 25,126 | € 215,197 | ▲ € 190,071 |
| Equity | € 274,736 | € 306,526 | € 331,652 | € 546,849 | ▲ 65% |
| Total debts | € 455,861 | € 473,403 | € 418,411 | € 170,250 | ▼ 59% |
| Cash | € 5,830 | € 6,167 | € 7,338 | € 3,384 | ▼ 54% |
| Land & buildings | € 166,454 | € 207,951 | € 151,730 | € 125,419 | ▼ 17% |
| Retained profit | € 212,736 | € 244,526 | € 269,652 | € 484,849 | ▲ 80% |
| Bank debt | € 186,416 | € 192,532 | € 167,893 | € 140,837 | ▼ 16% |
| Balance sheet total | € 730,597 | € 779,930 | € 750,064 | € 717,100 | ▼ 4% |
Key figures of FARMAS, 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 FARMAS?
What happened at FARMAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lieve Asselman stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 215,197 (▲ € 190,071 vs 2024). Source: NBB ↗
- Lieve Asselman became a director. NBB
- New establishment in Haaltert. KBO
- Start of the company according to the CBE. KBO
In short
From € 31,471 profit in 2022 to € 215,197 profit in 2025.
Paid € 69,749 in corporate taxes since 2022.
Best year ever: 2025, with € 215,197 profit.
Management
It owns 100% of BURMS itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Rammelstraat 1/11
9340 Lede
Vondelen(DE) 94
9450 Haaltert
Active since 24 September 1993
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.794.929
- VAT number
- BE 0450.794.929
- Registered office
- Rammelstraat 1/11, 9340 Lede
- Names & denominations
- FARMAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 August 1993
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Activiteiten van holdings
Holdings
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