ACTIVE

FARMAD

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Financial year 2025 · closed on 31/12/2025

Net result

16,2 k €

-20.0% YoY

Gross margin

4,6 M €

Equity

649,5 k €

+2.6% YoY

Workforce

38,2 ETP

+0.8% YoY

What does FARMAD do?

FARMAD is a Public limited company incorporated in 2000. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 38,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.035.544

Incorporation

13/10/2000

Legal form

Public limited company

Registered office

Schaarbeekstraat(MEL) 19 box 1
9120 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map

Contributed capital

361 500,00 €

Latest accounts

31/12/2025

Average workforce

38,2 ETP

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	4,6 M €		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	897,6 k €	+10.9%	809,7 k €	+11.5%	726,3 k €	+55.4%	467,3 k €	+11.2%	420,1 k €	+30.8%	321,2 k €	+71.1%	187,7 k €	+504%	-46,4 k €	-109%	496,9 k €	+212%	159,3 k €	-0.7%	160,4 k €	-39.8%	266,4 k €	-27.1%	365,2 k €	+159%	140,9 k €
Operating result	170,5 k €	-0.8%	172 k €	-13.3%	198,3 k €	+648%	26,5 k €	+15.3%	23 k €	-92.1%	292,4 k €	+106%	141,8 k €	+261%	-88,3 k €	-125%	354,9 k €	+236%	105,5 k €	-36.6%	166,6 k €	+0.9%	165,1 k €	-36.0%	258 k €	+1715%	-16 k €
Net result	16,2 k €	-20.0%	20,2 k €	+322%	4,8 k €	+108%	-63,4 k €	+1.3%	-64,3 k €	-136%	177,9 k €	+50.0%	118,7 k €	+223%	-96,5 k €	-158%	167,2 k €	+120%	76,1 k €	-51.0%	155,4 k €	+13.2%	137,3 k €	-17.3%	166 k €	+485%	-43,1 k €
Balance sheet
Equity	649,5 k €	+2.6%	633,3 k €	+3.3%	613,1 k €	+0.8%	608,3 k €	+63.6%	371,8 k €	-34.3%	565,6 k €	+16.0%	487,7 k €	+4.0%	469 k €	-29.5%	665,5 k €	+11.2%	598,3 k €	-3.8%	622,2 k €	-11.8%	705,3 k €	+5.6%	668,1 k €	-16.7%	802,1 k €
Total assets	9 M €	+3.3%	8,7 M €	+6.5%	8,2 M €	-4.6%	8,6 M €	+23.8%	6,9 M €	+43.3%	4,8 M €	+109%	2,3 M €	+6.0%	2,2 M €	-11.0%	2,5 M €	+11.5%	2,2 M €	+11.3%	2 M €	-3.7%	2,1 M €	-2.5%	2,1 M €	-3.9%	2,2 M €
Cash	303,6 k €	-30.2%	435 k €	-1.8%	442,9 k €	-33.4%	665,1 k €	-13.1%	765,3 k €	+81.0%	422,8 k €	-24.2%	557,6 k €	+707%	69,1 k €	-87.1%	534,4 k €	+23.9%	431,3 k €	-32.8%	641,8 k €	-7.7%	695,1 k €	+21.6%	571,9 k €	+51.3%	378 k €
Debts	6,6 M €	+4.2%	6,4 M €	+9.1%	5,8 M €	-5.9%	6,2 M €	+24.5%	5 M €	+46.4%	3,4 M €	+246%	984,7 k €	+3.3%	952,9 k €	-13.7%	1,1 M €	+14.0%	968,7 k €	+24.5%	778,3 k €	-1.4%	789,5 k €	-13.7%	914,9 k €	+10.4%	828,6 k €
Other
Workforce	38,2 ETP	+0.8%	37,9 ETP	+2.7%	36,9 ETP	-4.4%	38,6 ETP	-4.2%	40,3 ETP	-8.4%	44,0 ETP	+15.8%	38,0 ETP	+10.1%	34,5 ETP	-2.0%	35,2 ETP	+2.0%	34,5 ETP	-2.0%	35,2 ETP	+8.0%	32,6 ETP	-3.0%	33,6 ETP	-4.8%	35,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 64 ended

Active mandates

AXOM

Managing director · until 19 juin 2028 · 0894.599.623

Represented by Luc Mertens

Active

Dieter Stas

Director · until 19 juin 2028

Active

Hendrik Tobback

Director · until 19 juin 2028

Active

Liesbeth Debruyn

Director · until 19 juin 2028

Active

Paul Meyten

Director · until 19 juin 2028

Active

Tijs Neutens

Director · until 19 juin 2028

Active

Ended mandates

Dieter Stas

Director · since 19 juin 2023 · until 13 juin 2028

Ended

Hendrik Tobback

Bestuurder · since 13 juin 2022 · until 13 juin 2028

Ended

Yelle Corrynen

Bestuurder · since 13 juin 2022 · until 13 juin 2028

Ended

Tijs Neutens

Bestuurder · since 14 juin 2021 · until 10 juin 2024

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Full model	Full 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	13/07/2026	15/07/2025	20/08/2024	26/06/2023	14/07/2022	16/07/2021
General meeting	22/06/2026	17/06/2025	17/06/2024	12/06/2023	13/06/2022	14/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/06/2026	13/07/2026	Dutch	PDF
Full model	31/12/2024	17/06/2025	15/07/2025	Dutch	PDF
Full model	31/12/2023	17/06/2024	20/08/2024	Dutch	PDF
Full model	31/12/2022	12/06/2023	26/06/2023	Dutch	PDF
Full model	31/12/2021	13/06/2022	14/07/2022	Dutch	PDF
Full model	31/12/2020	14/06/2021	16/07/2021	Dutch	PDF
Full model	31/12/2019	15/06/2020	02/07/2020	Dutch	PDF
Full model	31/12/2018	10/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	12/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	13/06/2017	21/08/2017	Dutch	PDF
Full model	31/12/2015	10/05/2016	09/08/2016	Dutch	PDF
Full model	31/12/2014	08/06/2015	25/08/2015	Dutch	PDF
Full model	31/12/2013	10/06/2014	04/07/2014	Dutch	PDF
Full model	31/12/2012	10/06/2013	26/08/2013	Dutch	PDF
Full model	31/12/2011	11/06/2012	11/07/2012	Dutch	PDF
Full model	31/12/2010	14/06/2011	29/06/2011	Dutch	PDF
Full modelCorrection	31/12/2009	11/05/2010	12/03/2012	Dutch	PDF
Full model	31/12/2009	11/05/2010	19/07/2010	Dutch	PDF
Full modelCorrection	31/12/2008	25/05/2009	12/03/2012	Dutch	PDF
Full model	31/12/2008	25/05/2009	18/06/2009	Dutch	PDF
Full model	31/12/2007	26/05/2008	22/07/2008	Dutch	PDF
Full model	31/12/2006	08/05/2007	05/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 6 active · 64 ended

Active mandates

AXOM

Managing director · until 19 juin 2028 · 0894.599.623

Represented by Luc Mertens

Active

Dieter Stas

Director · until 19 juin 2028

Active

Hendrik Tobback

Director · until 19 juin 2028

Active

Liesbeth Debruyn

Director · until 19 juin 2028

Active

Paul Meyten

Director · until 19 juin 2028

Active

Tijs Neutens

Director · until 19 juin 2028

Active

Ended mandates

Dieter Stas

Director · since 19 juin 2023 · until 13 juin 2028

Ended

Hendrik Tobback

Bestuurder · since 13 juin 2022 · until 13 juin 2028

Ended

Yelle Corrynen

Bestuurder · since 13 juin 2022 · until 13 juin 2028

Ended

Tijs Neutens

Bestuurder · since 14 juin 2021 · until 10 juin 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates23/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/02/2016
MAATSCHAPPELIJKE ZETEL - 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 202516,2 k €↓
2024
Annual accounts 202420,2 k €↑
2023
Annual accounts 20234,8 k €↑
2022
Annual accounts 2022-63,4 k €↑
2021
Annual accounts 2021-64,3 k €↓
2014
Annual accounts 2014177,9 k €↑
2013
Annual accounts 2013118,7 k €↑
2012
Annual accounts 2012-96,5 k €↓
2011
Annual accounts 2011167,2 k €↑
2010
Annual accounts 201076,1 k €↓
2009
Annual accounts 2009155,4 k €↑
2008
Annual accounts 2008137,3 k €↓
2008
Name changeFARMAD
2007
Annual accounts 2007166 k €↑
2006
Annual accounts 2006-43,1 k €
2006
Name changeFARM@D
13/10/2000
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

FARMAD

Overview

What does FARMAD do?

Trend over 14 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