ACTIVE

Nutrifarm

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Financial year 2025 · closed on 31/12/2025

Net result

240,4 k €

+1.9% YoY

Gross margin

382,2 k €

-16.7% YoY

Equity

1 M €

0.0% YoY

Workforce

1,0 ETP

-28.6% YoY

What does Nutrifarm do?

Nutrifarm is a Public limited company incorporated in 1990. Its main activity is: Manufacture of prepared feeds for farm animals. Its registered office is in Deerlijk. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.880.944

Incorporation

19/02/1990

Legal form

Public limited company

Registered office

Veemeersstraat 44
8540 Deerlijk · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

10910Manufacture of prepared feeds for farm animals· main 10910Manufacture of prepared feeds for farm animals 15710Manufacture of leather and related products 46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 51210Freight air transport+3

Joint committees (3)

118
1180
2200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	382,2 k €	-16.7%	459 k €	-10.0%	509,9 k €	-34.2%	775,4 k €	+28.6%	602,8 k €	+91.9%	314,1 k €	+15.9%	270,9 k €	+4.5%	259,4 k €	+16.6%	222,5 k €	+30.6%	170,3 k €	+4.9%	162,4 k €	-11.2%	182,8 k €	-22.9%	237,2 k €	-12.2%	270,1 k €	-30.5%	388,5 k €	+44.3%	269,2 k €	+28.4%	209,7 k €	+7.3%	195,4 k €
EBITDA	303,6 k €	-8.6%	332 k €	-17.2%	400,9 k €	-25.4%	537,6 k €	+33.9%	401,7 k €	+301%	100,1 k €	+105%	48,8 k €	-36.8%	77,1 k €	-15.4%	91,2 k €	+97.5%	46,2 k €	+22.7%	37,6 k €	-51.7%	78 k €	-51.5%	160,8 k €	+6.7%	150,7 k €	-36.4%	236,7 k €	+33.4%	177,4 k €	+44.9%	122,5 k €	+13.7%	107,7 k €
Operating result	285,3 k €	-8.8%	313 k €	-17.1%	377,5 k €	-26.3%	512,6 k €	+43.2%	357,8 k €	+454%	64,6 k €	+568%	9,7 k €	-83.6%	59 k €	+2.7%	57,4 k €	+204%	18,9 k €	+122%	8,5 k €	-82.0%	47,3 k €	-61.0%	121,3 k €	+13.3%	107 k €	-44.7%	193,5 k €	+54.1%	125,6 k €	+79.4%	70 k €	+48.5%	47,1 k €
Net result	240,4 k €	+1.9%	235,9 k €	-15.5%	279,3 k €	-29.4%	395,5 k €	+50.1%	263,5 k €	+419%	50,7 k €	+606%	7,2 k €	-83.8%	44,3 k €	+16.1%	38,2 k €	+29.0%	29,6 k €	+83.5%	16,1 k €	-71.4%	56,5 k €	-45.0%	102,6 k €	+9.6%	93,6 k €	-36.2%	146,7 k €	+72.8%	84,9 k €	+77.2%	47,9 k €	+64.2%	29,2 k €
Balance sheet
Equity	1 M €	0.0%	1 M €	0.0%	1 M €	0.0%	1 M €	-0.4%	1 M €	-5.7%	1,1 M €	+4.9%	1 M €	+0.7%	1 M €	+4.5%	974,5 k €	+4.1%	936,3 k €	+3.3%	906,7 k €	-2.6%	930,6 k €	+6.5%	874,1 k €	+13.3%	771,5 k €	+13.8%	677,9 k €	+27.6%	531,2 k €	+19.0%	446,4 k €	+12.0%	398,5 k €
Total assets	1,8 M €	+5.2%	1,7 M €	+3.7%	1,6 M €	+4.7%	1,6 M €	-12.2%	1,8 M €	+23.7%	1,4 M €	-18.8%	1,8 M €	+18.3%	1,5 M €	+15.1%	1,3 M €	+5.6%	1,2 M €	-4.7%	1,3 M €	-2.0%	1,3 M €	+5.0%	1,3 M €	-21.7%	1,6 M €	+25.1%	1,3 M €	+3.5%	1,2 M €	+26.1%	988,9 k €	+4.5%	946,1 k €
Cash	343 k €	+54.9%	221,5 k €	+435%	41,4 k €	-89.0%	377,3 k €	-24.6%	500,4 k €	-18.7%	615,6 k €	-26.1%	832,7 k €	-0.7%	838,7 k €	+45.0%	578,4 k €	+15.4%	501,3 k €	+5.8%	474 k €	+7.5%	440,7 k €	+7.5%	409,9 k €	-47.5%	780,1 k €	+25.1%	623,5 k €	+20.7%	516,7 k €	+56.4%	330,3 k €	-19.7%	411,1 k €
Debts	786,2 k €	+12.7%	697,5 k €	+9.7%	635,8 k €	+13.1%	562,3 k €	-27.5%	775,5 k €	+109%	371,3 k €	-50.9%	756,2 k €	+54.9%	488,4 k €	+46.0%	334,5 k €	+10.4%	303 k €	-22.9%	393,2 k €	-0.8%	396,3 k €	+16.8%	339,4 k €	-43.8%	604 k €	+49.7%	403,6 k €	+0.4%	402,1 k €	+17.9%	341,2 k €	-6.8%	366,2 k €
Other
Workforce	1,0 ETP	-28.6%	1,4 ETP	-36.4%	2,2 ETP	-56.9%	5,1 ETP	+6.2%	4,8 ETP	+26.3%	3,8 ETP	+40.7%	2,7 ETP	-3.6%	2,8 ETP	+21.7%	2,3 ETP	-4.2%	2,4 ETP	-4.0%	2,5 ETP	-7.4%	2,7 ETP	+92.9%	1,4 ETP	-41.7%	2,4 ETP	+71.4%	1,4 ETP	-44.0%	2,5 ETP	0.0%	2,5 ETP	-21.9%	3,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Eveline Melis

Director · since 12 décembre 2022 · until 12 décembre 2028

Active

Ruben Vanhaecke

Managing director · since 12 décembre 2022 · until 12 décembre 2028

Active

Ended mandates

Ruben VANHAECKE

Director · since 12 décembre 2022 · until 12 décembre 2028

Ended

Elga DE GUSSEM

Director · since 08 juin 2018 · until 08 juin 2022

Ended

Frans GHEYSEN

Managing director · since 08 juin 2018 · until 08 juin 2022

Ended

Elga DE GUSSEM

Director · since 08 juin 2016 · until 08 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
Merelhoeve● Active	1018.772.192
VOEDERS VANHAECKE● Active	0428.083.170

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/08/2026	17/06/2025	13/11/2024	31/07/2023	21/06/2022	28/07/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	25/08/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	13/11/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	21/06/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	28/07/2021	Dutch	PDF
Abridged model	31/12/2019	12/06/2020	27/10/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	29/07/2019	Dutch	PDF
Abridged model	31/12/2017	08/06/2018	28/09/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	24/07/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	27/08/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	23/08/2011	Dutch	PDF
Abridged modelCorrection	31/12/2009	11/06/2010	01/12/2010	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	03/07/2009	03/08/2009	Dutch	PDF
Abridged model	31/12/2007	25/07/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	20/07/2007	24/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Eveline Melis

Director · since 12 décembre 2022 · until 12 décembre 2028

Active

Ruben Vanhaecke

Managing director · since 12 décembre 2022 · until 12 décembre 2028

Active

Ended mandates

Ruben VANHAECKE

Director · since 12 décembre 2022 · until 12 décembre 2028

Ended

Elga DE GUSSEM

Director · since 08 juin 2018 · until 08 juin 2022

Ended

Frans GHEYSEN

Managing director · since 08 juin 2018 · until 08 juin 2022

Ended

Elga DE GUSSEM

Director · since 08 juin 2016 · until 08 juin 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other19/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates28/12/2022
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/07/2020
KAPITAAL - AANDELEN
PDF
Mandates22/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/04/2006
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025240,4 k €↑
2024
Annual accounts 2024235,9 k €↓
2023
Annual accounts 2023279,3 k €↓
2023
Name changeNUTRIFARM
2022
Annual accounts 2022395,5 k €↑
2021
Annual accounts 2021263,5 k €↑
2018
Annual accounts 201850,7 k €↑
2017
Annual accounts 20177,2 k €↓
2016
Annual accounts 201644,3 k €↑
2015
Annual accounts 201538,2 k €↑
2014
Annual accounts 201429,6 k €↑
2013
Annual accounts 201316,1 k €↓
2012
Annual accounts 201256,5 k €↓
2011
Annual accounts 2011102,6 k €↑
2010
Annual accounts 201093,6 k €↓
2009
Annual accounts 2009146,7 k €↑
2008
Annual accounts 200884,9 k €↑
2007
Annual accounts 200747,9 k €↑
2006
Annual accounts 200629,2 k €
2006
Name changeGHEYSEN
19/02/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Nutrifarm

Overview

What does Nutrifarm do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline