ACTIVE

FAROW

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Financial year 2025 · closed on 31/12/2025
Net result
-283,3 k €
-182.8% YoY
Gross margin
-217,9 k €
-194.5% YoY
Equity
840 k €
+266.6% YoY
Workforce
0,3 ETP

What does FAROW do?

FAROW is a Public limited company incorporated in 2017. Its main activity is: Computer programming, consultancy and related activities. Its registered office is in Hasselt. It employs on average 0,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0676.380.406
Incorporation
29/05/2017
Legal form
Public limited company
Registered office
Kempische steenweg 303 box 200
3500 Hasselt · FlandreSee on map
Contributed capital
2 017 078,73 €
Latest accounts
31/12/2025
Average workforce
0,3 ETP
Activities (NACE)
62100Computer programming, consultancy and related activities· main63100Data processing, hosting and related activities; web portals63110Data processing, hosting and related activities70210Public relations and communication activities73300Advertising and market research
Joint committees (2)
  • 200
  • 20000
Signals
Solid equityGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin-217,9 k €-74 k €-16,6 k €-16,1 k €22 k €-18,9 k €-150,5 k €-181,4 k €
EBITDA-235,9 k €-74,5 k €-17,1 k €-17 k €21,4 k €-56,6 k €-206,1 k €-215,1 k €
Operating result-264,3 k €-81,4 k €-33,3 k €-46,7 k €-28 k €-104,3 k €-251,3 k €-268,7 k €
Net result-283,3 k €-100,2 k €-45,2 k €-58,6 k €-40,1 k €-115,2 k €-260,7 k €-273,8 k €
Balance sheet
Equity840 k €-504,2 k €-404 k €-358,8 k €-362,6 k €-322,5 k €-207,3 k €53,4 k €
Total assets1,1 M €268,1 k €294,2 k €32,1 k €104,2 k €214,3 k €300,5 k €282,3 k €
Cash20,7 k €125,1 k €131 k €6 k €8,9 k €109,5 k €148,2 k €113,2 k €
Debts209,4 k €766,9 k €694,4 k €388,9 k €466,5 k €503,4 k €304,5 k €228,2 k €
Other
Workforce0,3 ETP0,0 ETP0,0 ETP–––1,1 ETP0,5 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 · 7 active · 18 ended

Active mandates

Niels Diepvens

Director · since 30 septembre 2025 · until 30 septembre 2031

Active
Willem Eeraerts

Director · since 30 septembre 2025 · until 30 septembre 2031

Active
Dirk Loeckx

Director · since 17 juillet 2025 · until 29 mai 2026

Active
Patrick Hellemans

Director · since 17 juillet 2025 · until 17 juillet 2031

Active
Rosalie Declercq

Director · since 17 juillet 2025 · until 17 juillet 2031

Active
Tim Buckinx

Director · since 17 juillet 2025 · until 17 juillet 2031

Active
Wilfried Vancraen

Director · since 17 juillet 2025 · until 17 juillet 2031

Active

Ended mandates

Patrick Hellemans

Director · since 24 octobre 2024 · until 24 octobre 2030

Ended
Dirk Loeckx

Director · since 21 février 2024 · until 21 février 2030

Ended
Tim Buckinx

Managing director · since 21 février 2024 · until 21 février 2030

Ended
Capital C Projects

Director · since 21 février 2018 · until 21 juin 2019 · 0633.954.188

Represented by Christiaan De Mey

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/06/202615/06/202505/06/202428/06/202313/07/202230/08/2021
General meeting29/05/202602/06/202529/05/202430/05/202330/05/202229/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/05/202601/06/2026DutchPDF
Abridged model31/12/202402/06/202515/06/2025DutchPDF
Abridged model31/12/202329/05/202405/06/2024DutchPDF
Micro model31/12/202230/05/202328/06/2023DutchPDF
Micro model31/12/202130/05/202213/07/2022DutchPDF
Micro model31/12/202029/06/202130/08/2021DutchPDF
Abridged model31/12/201929/05/202025/06/2020DutchPDF
Abridged model31/12/201821/06/201918/07/2019DutchPDF
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 · 7 active · 18 ended

Active mandates

Niels Diepvens

Director · since 30 septembre 2025 · until 30 septembre 2031

Active
Willem Eeraerts

Director · since 30 septembre 2025 · until 30 septembre 2031

Active
Dirk Loeckx

Director · since 17 juillet 2025 · until 29 mai 2026

Active
Patrick Hellemans

Director · since 17 juillet 2025 · until 17 juillet 2031

Active
Rosalie Declercq

Director · since 17 juillet 2025 · until 17 juillet 2031

Active
Tim Buckinx

Director · since 17 juillet 2025 · until 17 juillet 2031

Active
Wilfried Vancraen

Director · since 17 juillet 2025 · until 17 juillet 2031

Active

Ended mandates

Patrick Hellemans

Director · since 24 octobre 2024 · until 24 octobre 2030

Ended
Dirk Loeckx

Director · since 21 février 2024 · until 21 février 2030

Ended
Tim Buckinx

Managing director · since 21 février 2024 · until 21 février 2030

Ended
Capital C Projects

Director · since 21 février 2018 · until 21 juin 2019 · 0633.954.188

Represented by Christiaan De Mey

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/08/2026
    VERMOGENSVERMINDERING - ONTSLAG
    PDF
  • Mandates30/10/2025
    BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates15/10/2025
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates07/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/04/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Registered office04/09/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates01/07/2020
    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

Timeline

  1. 2025
    Annual accounts 2025-283,3 k €↓
  2. 2025
    Name changeFAROW
  3. 2024
    Annual accounts 2024-100,2 k €↓
  4. 2023
    Annual accounts 2023-45,2 k €↑
  5. 2022
    Annual accounts 2022-58,6 k €↓
  6. 2021
    Annual accounts 2021-40,1 k €↑
  7. 2021
    Name changeEpihunter
  8. 2020
    Annual accounts 2020-115,2 k €↑
  9. 2019
    Annual accounts 2019-260,7 k €↑
  10. 2018
    Annual accounts 2018-273,8 k €
  11. 29/05/2017
    IncorporationPublic limited company