Active BE 0896.096.094Private limited company

FARMA HEYLEN

Gemeentestraat 44 ·2560 Nijlen, Belgium· 18 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

FARMA HEYLEN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.52M and a net result of €2.39M. Equity is growing by ~39.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 5424 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€4.52M
Net result	€2.39M
Better than sector	87%
Active	18 yrs

Financial profile 4 of 5 axes measured · computed by Checked

94 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 100

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2008, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview18 NBB filings

Annual accounts filed on 18-08-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~39.6%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	91.8%	51.8%	better than 87% of 5424 sector peers
Net result	€2.39M	€53k	better than 95% of 5425 sector peers
Equity	€4.52M	€622k	better than 87% of 5425 sector peers
Gross operating margin	€45k	€87k	better than 36% of 5421 sector peers
Total assets	€4.92M	€1.54M	better than 79% of 5425 sector peers

Net profit

€2.39M

+116.5% 20-25

Total assets

€4.92M

+103.8% 20-25

Equity

€4.52M

+103.6% 20-25

Income taxes

€263k

+49.5% 20-25

Dividends

€94k

+41.6% 20-25

Debt

€401k

+106.6% 20-25

Debt ≤ 1y

€392k

+101.6% 20-25

Debt > 1y

€0

-100.0% 20-25

Solvency

91.8%

-0.1% 20-25

ROE

53.0%

+6.4% 20-25

ROA

48.6%

+6.2% 20-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	micro schema	micro schema	micro schema	micro schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€2.39M	€1.11M	€188k	€352k	€163k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-	-
Income taxes	€263k	€176k	€83k	€125k	€33k
Dividends	€94k	€67k	€66k	€109k	€26k
Total assets	€4.92M	€2.41M	€1.41M	€1.32M	€1.13M
Equity	€4.52M	€2.22M	€1.18M	€1.06M	€816k
Debt	€401k	€194k	€233k	€258k	€311k
of which ≤ 1y	€392k	€194k	€233k	€257k	€285k
of which > 1y	-	-	-	€0	€25k
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-	-

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	91.8%	91.9%	83.5%	80.4%	72.4%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	48.6%	45.8%	13.3%	26.7%	14.5%
ROE	53.0%	49.8%	15.9%	33.2%	20.0%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €53k · 1.1% Current assets €4.87M · 98.9%

Equity & liabilities

Equity €4.52M · 91.8% Debt €401k · 8.2%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.92M	€2.41M	€1.41M	€1.32M	€1.13M
Fixed assets	21/28	€53k	€1.12M	€1.12M	€1.10M	€1.10M
Tangible fixed assets	22/27	€53k	€20k	€18k	-	-
Financial fixed assets	28	€0	€1.10M	€1.10M	€1.10M	€1.10M
Current assets	29/58	€4.87M	€1.29M	€296k	€216k	€27k
Amounts receivable within one year	40/41	€500k	€173k	€8k	-	-
Investments	50/53	€4.05M	€934k	€200k	-	-
Cash & bank	54/58	€126k	€185k	€86k	€215k	€27k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.92M	€2.41M	€1.41M	€1.32M	€1.13M
Equity	10/15	€4.52M	€2.22M	€1.18M	€1.06M	€816k
Contributions / capital	10/11	€6k	€6k	€6k	€6k	€6k
Reserves	13	€4.51M	€2.21M	€1.17M	€1.05M	€810k
Accumulated profits (losses)	14	€0	€0	€0	€0	-
Amounts payable	17/49	€401k	€194k	€233k	€258k	€311k
Amounts payable after one year	17	-	-	-	€0	€25k
Amounts payable within one year	42/48	€392k	€194k	€233k	€257k	€285k
Trade debts payable within one year	44	€3k	€4k	€22k	€3k	€3k
Income statement
Gross operating margin	9900	€45k	€271k	€271k	€380k	€107k
Operating result	9901	€40k	€269k	€270k	€380k	€105k
Financial income	75	€2.62M	€1.01M	€1k	€100k	€100k
Financial charges	65	-	€0	€187	€4k	€8k
Result before taxes	9903	€2.66M	€1.28M	€271k	€476k	€196k
Income taxes	67/77	€263k	€176k	€83k	€125k	€33k
Net result for the period	9904	€2.39M	€1.11M	€188k	€352k	€163k
Result to be appropriated	9905	€2.39M	€1.11M	€188k	€352k	€163k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	19-02-2008
Status	Active
Postal code	2560

Establishment units 1 location

Farma Heylen

Gemeentestraat 44, 2560 NijlenFinancial service activities, except insurance and pension funding

since 20082.169.729.553

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12026D0281/00M003	Flanders	411 m²	1 · 140 m²	10.2 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 15Financial 4Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

18-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 18 days late

2025

31-12

Financial Highest result since 2020net €2.39M ▲117%

Net result €2.39M, the highest in the series.

11-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 11 days late

2024

31-12

Financial Liquidity times 5current ratio 6.66

Current ratio from 1.27 to 6.66; short-term debt falls from €233k to €194k.

31-12

Financial Equity above €2MEq €2.22M ▲88%

5 profitable years in a row build equity to €2.22M.

21-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2023

24-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 24 days late

24-04

State Gazette act Director changes

Jan VAN ERMENGEM

2022

31-12

Financial Equity above €1MEq €1.06M ▲29.7%

3 profitable years in a row build equity to €1.06M.

22-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 22 days late

2021

24-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 24 days late

2020

18-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 18 days late

2019

20-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 20 days late

2018

07-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 7 days late

2017

23-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 23 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2023

24-04-2023 Change in the board of directors Director changes·Jan VAN ERMENGEM

Notary: Jan VAN ERMENGEM · MeerhoutFirm: Atlas Notarissen

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210Business and other management consultancy70200Business consulting70220

Names & trade names

Legal nameNL

FARMA HEYLEN

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