AJPhar
ActiveThe computed 12-month bankruptcy probability of AJPhar is 3.4% (moderate). The 2024 annual accounts show equity of €11k and a net result of €1k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 53% of 26056 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
76
/ 100
Excellent▼ -10 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability64▼-36
Solvency67▼-21
Growth52=
Stability94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 2.26 in 2023), and 63.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
36.2%
Return on assets
4.7%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
53 d late
2023
24 d late
2022
70 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€11k▲ 14.8%
2023 · €10k
2022: €8k
2023: €10k
2022 → 2024
Total assets
€31k▲ 36.9%
2023 · €22k
2022: €18k
2023: €22k
2022 → 2024
Net result
€1k▼ 31.2%
2023 · €2k
2022: €4k
2023: €2k
2022 → 2024
Working capital
€10k▼ 12.1%
2023 · €11k
2022: €6k
2023: €11k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€8k-€10k▲ 27.4%€11k▲ 14.8%
Operating result€6k-€4k▼ 25.5%€6k▲ 33.1%
Net result€4k-€2k▼ 42.2%€1k▼ 31.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 33% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €31k
Fixed assets
€1k▼ 23.8%
Current assets
€29k▲ 49.5%
Equity and liabilities €31k
Equity
€11k▲ 14.8%
Debt
€20k▲ 53.7%
The debt ratio rises from 56.9% to 63.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€7k▲
2023 · €6k
Cash flow
€3k▼
2023 · €3k
Solvency
36.2%▼
2023 · 43.1%
Current ratio
1.49▼
2023 · 2.26
Quick ratio
1.49▼
2023 · 2.26
Debt / equity
1.77▲
2023 · 1.32
ROE
12.9%▼
2023 · 21.5%
ROA
4.7%▼
2023 · 9.3%
Interest coverage
2.68▼
2023 · 4.35
Debt
€20k▲
2023 · €13k
Debt ≤ 1 year
€20k▲
2023 · €9k
Income taxes
€2k▲
2023 · €970
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€22k€31k▲
Formation expenses20€995€76▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€2k€1k▼
Current assets29/58€20k€29k▲
Amounts receivable within one year40/41-€5k
Trade receivables40-€5k
Cash at bank and in hand54/58€19k€24k▲
Deferred charges and accrued income490/1€38€474▲
Equity and liabilities
Total equity and liabilities10/49€22k€31k▲
Equity10/15€10k€11k▲
Contributions10/11€4k€4k=
Reserves13€6k€7k▲
Distributable reserves133€6k€7k▲
Profit (loss) carried forward14-€433
Amounts payable17/49€13k€20k▲
Amounts payable within one year42/48€9k€20k▲
Trade debts44€3k€761▼
Suppliers440/4€3k€761▼
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€6k€7k▲
Other amounts payable47/48-€12k
Accrued charges and deferred income492/3€4k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€42€2k▲
Gross operating margin9900€6k€10k▲
Operating profit (loss)9901€4k€6k▲
Financial income75/76B-€58
Recurring financial income75-€58
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€3k€3k▲
Income taxes67/77€970€2k▲
Profit (loss) for the period9904€2k€1k▼
Profit (loss) for the period to be appropriated9905€2k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€1k▼
Transfer to equity691/2€2k€1k▼
To other reserves6921€2k€1k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Weakest financial yearnet €1k ▼31.2%
Net result drops to €1k, the lowest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waterloo · 2 establishment units since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée Bara 2131410 WaterlooGround area
1,863 m²
Building footprint
278 m²
Volume, LiDAR
811 m³
2 parcels, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
AJPhar
since 20222.325.084.357
AJPhar
since 20262.393.394.628
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92013H0068/00M000 | Wallonia | 1,756 m² | 1 · 151 m² | - |
| 25110C0340/00_000 | Wallonia | 108 m² | 1 · 126 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMettet2.325.084.357
Similar companies · same sector, comparable size
ALBA2RO
BE 0738.728.937
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Apotheek DC Turnhout
BE 0436.019.057
Turnhout · Eq €11k
DL PHARMA +
BE 0755.325.637
Zulte · Eq €11k
PHARMACIE DUFRANE
BE 0477.954.434
Vorst · Eq €11k
PHARMACIE LADEUZE
BE 0465.325.628
Lessines · Eq €11k
Of 5,208 companies in sector 47730 we hold annual accounts for 3,850. 894 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2021
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
21201Manufacture of basic pharmaceutical products and pharmaceutical preparations
21209Manufacture of basic pharmaceutical products and pharmaceutical preparations
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.