ACTIVE

FARMAC

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Financial year 2025 · closed on 31/12/2025

Net result

306,1 k €

-27.4% YoY

Gross margin

4,4 M €

+10.3% YoY

Equity

2,2 M €

+6.2% YoY

Workforce

49,0 ETP

+3.6% YoY

What does FARMAC do?

FARMAC is a Private limited company incorporated in 2000. Its registered office is in Peer. It employs on average 49,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.489.968

Incorporation

28/07/2000

Legal form

Private limited company

Registered office

Nijverheidsstraat 6
3990 Peer · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

49,0 ETP

Joint committees (3)

149
14901
200

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	4,4 M €	+10.3%	4 M €	+10.1%	3,6 M €	+3.9%	3,5 M €	-7.4%	3,7 M €	+15.4%	3,2 M €	+12.3%	2,9 M €	+5.8%	2,7 M €	+14.4%	2,4 M €	+37.1%	1,7 M €	+4.9%	1,7 M €	-9.7%	1,8 M €	+3.5%	1,8 M €	+15.5%	1,5 M €	+4.6%	1,5 M €	+44.3%	1 M €	-10.3%	1,1 M €	+4.7%	1,1 M €	+34.1%	809,3 k €	+1.3%	799,2 k €
EBITDA	1,1 M €	-8.8%	1,2 M €	+22.2%	965 k €	+5.9%	911,6 k €	-32.4%	1,3 M €	+17.6%	1,1 M €	+31.4%	873 k €	-1.0%	881,3 k €	+32.1%	667,3 k €	+43.2%	465,9 k €	-27.1%	639 k €	-6.0%	679,7 k €	-3.0%	700,5 k €	+25.8%	556,9 k €	-13.3%	642,7 k €	+69.7%	378,8 k €	-26.8%	517,7 k €	-3.2%	534,8 k €	+44.7%	369,5 k €	+0.8%	366,7 k €
Operating result	534 k €	-23.9%	701,3 k €	+30.7%	536,4 k €	+0.2%	535,4 k €	-48.4%	1 M €	+18.9%	872,5 k €	+62.1%	538,1 k €	-13.5%	622,1 k €	+50.3%	413,9 k €	+102%	205,2 k €	-41.0%	347,7 k €	+2.1%	340,7 k €	+2.2%	333,4 k €	+66.2%	200,6 k €	-43.2%	353,4 k €	+132%	152,6 k €	-44.7%	276 k €	-24.2%	364 k €	+86.3%	195,3 k €	+16.1%	168,3 k €
Net result	306,1 k €	-27.4%	421,5 k €	+26.0%	334,5 k €	-11.3%	377,1 k €	-51.7%	780,8 k €	+32.7%	588,4 k €	+62.5%	362,1 k €	-11.9%	411,1 k €	+62.5%	253 k €	+110%	120,3 k €	-70.9%	413,8 k €	+105%	202,2 k €	-1.3%	204,8 k €	+27.5%	160,7 k €	-16.7%	192,8 k €	+176%	69,8 k €	-56.3%	159,6 k €	-26.6%	217,5 k €	+98.0%	109,8 k €	+22.3%	89,8 k €
Balance sheet
Equity	2,2 M €	+6.2%	2 M €	+13.5%	1,8 M €	+9.4%	1,6 M €	+13.7%	1,4 M €	+46.8%	982 k €	+71.2%	573,6 k €	+24.3%	461,5 k €	+53.6%	300,4 k €	+35.1%	222,4 k €	-19.7%	277,1 k €	-67.9%	863,3 k €	+30.6%	661,1 k €	+0.7%	656,3 k €	-15.3%	774,7 k €	+33.1%	582 k €	+13.6%	512,4 k €	+45.2%	352,9 k €	-12.9%	405,2 k €	-9.0%	445,5 k €
Total assets	5,7 M €	+7.1%	5,3 M €	+9.2%	4,9 M €	+19.4%	4,1 M €	+29.1%	3,1 M €	+18.7%	2,7 M €	-13.6%	3,1 M €	+13.8%	2,7 M €	+37.6%	2 M €	+1.3%	1,9 M €	-11.3%	2,2 M €	+7.6%	2 M €	-8.3%	2,2 M €	+2.6%	2,2 M €	+14.1%	1,9 M €	+3.9%	1,8 M €	+6.6%	1,7 M €	+16.6%	1,5 M €	+0.3%	1,5 M €	+10.4%	1,3 M €
Cash	127,7 k €	-83.0%	751,7 k €	+44.4%	520,7 k €	+93.6%	268,9 k €	-61.1%	691,5 k €	+51.3%	457,2 k €	+68.9%	270,8 k €	+145%	110,6 k €	-30.9%	160,1 k €	-53.4%	343,5 k €	+10.2%	311,7 k €	-37.0%	494,6 k €	+78.4%	277,2 k €	+548%	42,8 k €	-31.5%	62,5 k €	+342%	14,1 k €	-42.9%	24,7 k €	-54.8%	54,6 k €	-55.7%	123,4 k €	+2173%	5,4 k €
Debts	3,5 M €	+7.6%	3,3 M €	+6.6%	3,1 M €	+26.2%	2,4 M €	+42.1%	1,7 M €	+2.1%	1,7 M €	-33.1%	2,5 M €	+11.7%	2,2 M €	+34.7%	1,7 M €	-3.1%	1,7 M €	-10.0%	1,9 M €	+66.4%	1,1 M €	-25.4%	1,5 M €	+2.7%	1,5 M €	+34.1%	1,1 M €	-9.9%	1,2 M €	+3.6%	1,2 M €	+7.5%	1,1 M €	+5.3%	1,1 M €	+21.4%	865,9 k €
Other
Workforce	49,0 ETP	+3.6%	47,3 ETP	+4.4%	45,3 ETP	0.0%	45,3 ETP	0.0%	45,3 ETP	+6.1%	42,7 ETP	+3.4%	41,3 ETP	+5.9%	39,0 ETP	+3.4%	37,7 ETP	+32.7%	28,4 ETP	+14.1%	24,9 ETP	0.0%	24,9 ETP	+2.0%	24,4 ETP	+11.9%	21,8 ETP	+18.5%	18,4 ETP	+13.6%	16,2 ETP	+11.0%	14,6 ETP	+25.9%	11,6 ETP	+31.8%	8,8 ETP	-14.6%	10,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

KIRT

Director · since 31 juillet 2025 · 1024.799.159

Represented by Gert Thijs

Active

Metro Solutions

Director · since 31 juillet 2025 · 0822.941.169

Represented by Bert Wouters

Active

Ended mandates

MILAX

Director · since 29 avril 2016 · 0651.955.311

Represented by Thijs GERT

Ended

MILAX

Director · since 29 avril 2016 · 0651.955.311

Represented by Gert THIJS

Ended

MILAX

Manager · since 29 avril 2016 · 0651.955.311

Represented by GERT THIJS

Ended

MILAX

Manager · since 29 avril 2016 · 0651.955.311

Represented by GERT THIJS

Ended

At this address

Other companies at this address

Company	CBE no.
AT PROJECTONTWIKKELING● Active	1042.384.764
BG PARTNERS● Active	1025.157.168
GETHIJ● Active	0758.911.172
KIRT● Active	1024.799.159
MILAX● Active	0651.955.311
PWR2● Active	1033.255.777
Tijdelijke Maatschap FARMAC-APK● Active	1011.514.020

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	02/07/2026	23/06/2025	24/06/2024	19/07/2023	07/07/2022	06/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	28/04/2023	25/04/2022	24/04/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	28/04/2023	19/07/2023	Dutch	PDF
Abridged model	31/12/2021	25/04/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2020	24/04/2021	06/07/2021	Dutch	PDF
Abridged model	31/12/2019	24/04/2020	26/06/2020	Dutch	PDF
Abridged model	31/12/2018	24/04/2019	09/07/2019	Dutch	PDF
Abridged model	31/12/2017	24/04/2018	27/06/2018	Dutch	PDF
Abridged model	31/12/2016	24/04/2017	07/06/2017	Dutch	PDF
Abridged model	31/12/2015	29/04/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	28/04/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	28/04/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/04/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	28/04/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	28/04/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/04/2010	19/07/2010	Dutch	PDF
Abridged model	31/12/2008	23/03/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	28/04/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	28/04/2007	03/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 6 ended

Active mandates

KIRT

Director · since 31 juillet 2025 · 1024.799.159

Represented by Gert Thijs

Active

Metro Solutions

Director · since 31 juillet 2025 · 0822.941.169

Represented by Bert Wouters

Active

Ended mandates

MILAX

Director · since 29 avril 2016 · 0651.955.311

Represented by Thijs GERT

Ended

MILAX

Director · since 29 avril 2016 · 0651.955.311

Represented by Gert THIJS

Ended

MILAX

Manager · since 29 avril 2016 · 0651.955.311

Represented by GERT THIJS

Ended

MILAX

Manager · since 29 avril 2016 · 0651.955.311

Represented by GERT THIJS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other27/08/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING
PDF
Mandates27/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/08/2012
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/04/2008
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 2025306,1 k €↓
2024
Annual accounts 2024421,5 k €↑
2023
Annual accounts 2023334,5 k €↓
2022
Annual accounts 2022377,1 k €↓
2021
Annual accounts 2021780,8 k €↑
2020
Annual accounts 2020588,4 k €↑
2019
Annual accounts 2019362,1 k €↓
2018
Annual accounts 2018411,1 k €↑
2017
Annual accounts 2017253 k €↑
2016
Annual accounts 2016120,3 k €↓
2015
Annual accounts 2015413,8 k €↑
2014
Annual accounts 2014202,2 k €↓
2013
Annual accounts 2013204,8 k €↑
2012
Annual accounts 2012160,7 k €↓
2011
Annual accounts 2011192,8 k €↑
2010
Annual accounts 201069,8 k €↓
2009
Annual accounts 2009159,6 k €↓
2008
Annual accounts 2008217,5 k €↑
2007
Annual accounts 2007109,8 k €↑
2006
Annual accounts 200689,8 k €
28/07/2000
IncorporationPrivate 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

FARMAC

Overview

What does FARMAC do?

Trend over 20 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