ACTIVE

FARNAS DEVELOPMENT

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Financial year 2025 · Closed on 31/12/2025

Net result88,8 k €-3,9 %over 1 year
Gross margin132,8 k €-3,4 %over 1 year
Equity1,2 M €+8,2 %over 1 year

Identity

Source · BCE/KBO

FARNAS DEVELOPMENT is a Private limited company incorporated in 2003. Its main activity is: Market research and public opinion polling. Its registered office is in Oupeye.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0859.555.602
Incorporation
02/07/2003
Legal form
Private limited company
Registered office
Square Roi Baudouin 22
4684 Oupeye · WallonieSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin132,8 k €137,5 k €139,6 k €146,7 k €146,8 k €
EBITDA130,8 k €135,8 k €138,1 k €144 k €144,8 k €
Operating result129,4 k €134,6 k €136,6 k €140,8 k €142,2 k €
Net result88,8 k €92,4 k €94 k €96 k €96,8 k €
Balance sheet
Equity1,2 M €1,1 M €985 k €891,8 k €796,6 k €
Total assets1,2 M €1,1 M €1 M €943,7 k €854,1 k €
Cash––124,9 €13,8 k €10 k €
Debts41,2 k €32,3 k €47,1 k €50,4 k €56 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

DirectorMandates in this companyPeriod
Michel D'HULSTER
Directorsince 18/07/2024Manager2019 accountsended

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro 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 date07/06/202605/05/202516/04/202420/04/202301/06/202216/08/2021
General meeting05/06/202608/04/202511/04/202405/04/202327/05/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202505/06/202607/06/2026FrenchPDF
Micro model31/12/202408/04/202505/05/2025FrenchPDF
Micro model31/12/202311/04/202416/04/2024FrenchPDF
Micro model31/12/202205/04/202320/04/2023FrenchPDF
Micro model31/12/202127/05/202201/06/2022FrenchPDF
Micro model31/12/202028/05/202116/08/2021FrenchPDF
Micro model31/12/201922/05/202007/08/2020FrenchPDF
Micro model31/12/201830/06/201924/07/2019FrenchPDF
Micro model31/12/201730/06/201824/08/2018FrenchPDF
Micro model31/12/201626/05/201707/08/2017FrenchPDF
Abridged model31/12/201515/06/201611/07/2016FrenchPDF
Abridged model31/12/201422/05/201501/06/2015FrenchPDF
Abridged model31/12/201330/06/201407/08/2014FrenchPDF
Abridged model31/12/201230/04/201302/05/2013FrenchPDF
Abridged model31/12/201130/06/201210/08/2012FrenchPDF
Abridged model31/12/201030/06/201108/08/2011FrenchPDF
Abridged model31/12/200930/06/201023/07/2010FrenchPDF
Abridged model31/12/200830/06/200923/07/2009FrenchPDF
Abridged model31/12/200730/06/200818/07/2008FrenchPDF
Abridged model31/12/200629/06/200719/07/2007FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

DirectorMandates in this companyPeriod
Michel D'HULSTER
Directorsince 18/07/2024Manager2019 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates26/07/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office01/09/2006
    TRANSFERT DU SIEGE SOCIAL
    PDF
  • Other22/07/2003
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings20 filings
Mandates
Michel D'HULSTER
200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
FARNAS DEVELOPMENT
Square Roi Baudouin 22, 4684 Haccourt
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Square Roi Baudouin 22, 4684 HaccourtCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00141787

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
FARNAS DEVELOPMENTCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00141787

Events

  1. 2025
    Annual accounts 202588,8 k €↓
  2. 2024
    Annual accounts 202492,4 k €↓
  3. 2023
    Annual accounts 202394 k €↓
  4. 2022
    Annual accounts 202296 k €↓
  5. 2021
    Annual accounts 202196,8 k €↑
  6. 2020
    Annual accounts 202090,4 k €↓
  7. 2019
    Annual accounts 201996,3 k €↑
  8. 2018
    Annual accounts 201890,7 k €↓
  9. 2017
    Annual accounts 201795,5 k €↑
  10. 2016
    Annual accounts 201685,1 k €↑
  11. 2015
    Annual accounts 201582,5 k €↓
  12. 2014
    Annual accounts 201483,7 k €↑
  13. 2013
    Annual accounts 201347,2 k €↑
  14. 2012
    Annual accounts 201214,4 k €↑
  15. 2011
    Annual accounts 20113,1 k €↑
  16. 2010
    Annual accounts 2010-510,7 €↑
  17. 2009
    Annual accounts 2009-4,6 k €↓
  18. 2008
    Annual accounts 2008-3,4 k €↓
  19. 2007
    Annual accounts 2007-2,2 k €↓
  20. 2006
    Annual accounts 2006-2,2 k €
  21. 02/07/2003
    IncorporationPrivate limited company