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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FARAH from Waasmunster, company number BE0457588689, closed financial year 2025 with a result of € 21,842 after tax. For that financial year FARAH recorded a gross margin of € 34,037 and equity of € -74,910. Compared with financial year 2024, the result moved from € 26,418 to € 21,842. The company is profitable. 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 6, 2026.
€ -74,910
▲ € 21,842 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21,842
▼ 17% vs 2024
Profit after tax over the fiscal year.
€ 1,389
▼ 13% 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 € -143,081.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 70,201
▼ 32% vs 2024
€ 34,490 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 400
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 29,595 | € 26,335 | € 39,150 | € 34,037 | ▼ 13% |
| Profit after taxes | € 15,638 | € 13,016 | € 26,418 | € 21,842 | ▼ 17% |
| Equity | € -136,187 | € -123,171 | € -96,753 | € -74,910 | ▲ € 21,842 |
| Total debts | € 246,749 | € 226,777 | € 200,958 | € 183,602 | ▼ 9% |
| Cash | € 1,389 | € 1,723 | € 1,604 | € 1,389 | ▼ 13% |
| Land & buildings | € 104,872 | € 99,161 | € 93,451 | € 87,740 | ▼ 6% |
| Retained profit | € -204,357 | € -191,341 | € -164,923 | € -143,081 | ▲ € 21,842 |
| Bank debt | € 166,907 | € 135,402 | € 102,972 | € 70,201 | ▼ 32% |
| Balance sheet total | € 110,562 | € 103,607 | € 104,206 | € 108,692 | ▲ 4% |
Key figures of FARAH, 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 FARAH?
What happened at FARAH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 21,842 (▼ 17% vs 2024). Source: NBB ↗
- Martine De Leeuw became a director. NBB
- New establishment in Waasmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,638 profit in 2022 to € 21,842 profit in 2025.
Best year ever: 2024, with € 26,418 profit.
Management
Behind FARAH is Martine De Leeuw. Martine De Leeuw is also behind BELFAM.
Directors
According to the 2025 annual accounts
since 2016
Establishments
Establishment units
Physical locations of this company
De Sombe 7
9250 Waasmunster
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0457.588.689
- VAT number
- BE 0457.588.689
- Registered office
- De Sombe 7, 9250 Waasmunster
- Names & denominations
- FARAH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 1996
- Peppol
- Active · Active since 27 Mar 2026