Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FARMAD from Beveren-Kruibeke-Zwijndrecht, company number BE0473035544, closed financial year 2025 with a result of € 16,172 after tax. For that financial year FARMAD recorded a gross margin of € 4.6 million and equity of € 649,510. Compared with financial year 2024, the result moved from € 20,206 to € 16,172. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 649,510
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,172
▼ 20% vs 2024
Profit after tax over the fiscal year.
€ 303,629
▼ 30% 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 € 288,010.
People and assets in 2025
38.2
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.7 million
▲ 3% vs 2024
€ 97,200 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.
Debts at end 2025
€ 4.8 million
▲ 6% vs 2024
€ 1.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 981,557
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 863,473
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 9,135,725 | € 9,714,711 | € 9,355,952 | - | |
| Gross margin | - | - | - | € 4,628,916 | |
| Profit after taxes | € -63,429 | € 4,785 | € 20,206 | € 16,172 | ▼ 20% |
| Equity | € 608,347 | € 613,132 | € 633,338 | € 649,510 | ▲ 3% |
| Total debts | € 7,983,112 | € 7,583,963 | € 8,097,289 | € 8,369,402 | ▲ 3% |
| Cash | € 665,073 | € 442,942 | € 435,033 | € 303,629 | ▼ 30% |
| Land & buildings | € 1,945,240 | € 1,872,117 | € 1,798,994 | € 1,725,871 | ▼ 4% |
| Retained profit | € 246,847 | € 251,632 | € 271,838 | € 288,010 | ▲ 6% |
| Bank debt | € 3,615,775 | € 3,881,736 | € 4,512,060 | € 4,799,262 | ▲ 6% |
| Balance sheet total | € 8,591,459 | € 8,197,096 | € 8,730,627 | € 9,018,912 | ▲ 3% |
| Employees (FTE) | 38.6 | 36.9 | 37.9 | 38.2 | ▲ 0.3 |
Key figures of FARMAD, 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 FARMAD?
What happened at FARMAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Paul Meyten stepped down as director. NBB
- Axom BV stepped down as director. NBB
- Hendrik Tobback stepped down as director. NBB
- Tijs Neutens stepped down as director. NBB
- Dieter Stas stepped down as director. NBB
- Liesbeth Debruyn stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 16,172 (▼ 20% vs 2024). Source: NBB ↗
- New establishment in Mechelen. KBO
In short
From € 63,429 loss in 2022 to € 16,172 profit in 2025.
Paid € 150,378 in corporate taxes since 2022.
Best year ever: 2024, with € 20,206 profit.
On average € 121,200 of value added per employee in 2025.
A new publication or filing at FARMAD? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Paul Meyten
Director
· until 2028
Managing director · represented by Luc Mertens
· until 2028
Hendrik Tobback
Director
· until 2028
Tijs Neutens
Director
· until 2028
· until 2028
· until 2028
Establishments
Establishment units
Physical locations of this company
Schaarbeekstraat(MEL) 19 box 1
9120 Beveren-Kruibeke-Zwijndrecht
Lange Leemstraat 187
2018 Antwerpen
Active since 14 December 2000
Schaarbeekstraat(MEL) 19
9120 Beveren-Kruibeke-Zwijndrecht
Active since 25 March 2002
Schaliënhoevedreef 20 box 2D
2800 Mechelen
Active since 1 February 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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€ 433,588 gross margin · 2025
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VME Bedrijvenpark 16, Den Goeronde Heye te 9120 Beveren-Melsele
GROEP MIRAFLOR
X-GIN
€ -38,815 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
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Website info
Features
Security
Details
- Company number
- 0473.035.544
- VAT number
- BE 0473.035.544
- Registered office
- Schaarbeekstraat(MEL) 19 bus 1, 9120 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- FARMAD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 October 2000
- Peppol
- Active · Active since 16 Oct 2024
- Contact
- farmad.be
- Activities · NACE
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