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 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FARMAPEL from Hulshout, company number BE0846986380, closed financial year 2025 with a result of € 129,624 after tax. For that financial year FARMAPEL recorded a gross margin of € 126,017 and equity of € 849,415. Compared with financial year 2024, the result moved from € 130,402 to € 129,624. The company is profitable. 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 May 5, 2026.
€ 849,415
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 129,624
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 13,982
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 66,831 paid out
52 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 28,465
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 206,634
▼ 33% vs 2024
€ 110,080 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 6,274
▲ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,493
▼ 32% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 123,859 | € 119,480 | € 119,266 | € 126,017 | ▲ 6% |
| Profit after taxes | € 114,646 | € 120,185 | € 130,402 | € 129,624 | ▼ 1% |
| Equity | € 725,617 | € 729,445 | € 786,622 | € 849,415 | ▲ 8% |
| Total debts | € 578,834 | € 547,392 | € 525,765 | € 445,434 | ▼ 15% |
| Cash | € 16,129 | € 3,118 | € 13,794 | € 13,982 | ▲ 1% |
| Retained profit | € 700,617 | € 704,445 | € 761,622 | € 824,415 | ▲ 8% |
| Dividend | € 75,444 | € 116,356 | € 73,226 | € 66,831 | ▼ 9% |
| Bank debt | € 455,223 | € 366,727 | € 306,400 | € 206,634 | ▼ 33% |
| Balance sheet total | € 1,304,451 | € 1,276,837 | € 1,312,387 | € 1,294,849 | ▼ 1% |
Key figures of FARMAPEL, 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 FARMAPEL?
What happened at FARMAPEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 129,624 (▼ 1% vs 2024). Source: NBB ↗
- Ellen Celis became a director. NBB
- New establishment in Hulshout. KBO
- Mattias Pelgrims became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 114,646 profit in 2022 to € 129,624 profit in 2025.
Paid € 128,071 in corporate taxes since 2022.
Best year ever: 2024, with € 130,402 profit.
Paid out € 331,856 in dividends to the owners in total.
Management
Behind FARMAPEL are Mattias Pelgrims and Ellen Celis. It owns 100% of Pelgrims itself.
Directors
According to the 2025 annual accounts
since 2012
Ellen Celis
Bestuurder
since 2020
Establishments
Establishment units
Physical locations of this company
Vennekensstraat 36a
2235 Hulshout
Vennekensstraat 36A
2235 Hulshout
Active since 27 June 2012
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
- 0846.986.380
- VAT number
- BE 0846.986.380
- Registered office
- Vennekensstraat 36a, 2235 Hulshout
- Names & denominations
- FARMAPEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 June 2012
- Peppol
- Active · Active since 27 Mar 2025
- Activities · NACE
Activiteiten van holdings
Holdings