APOTEEK KELLES
InactiveInactive since 05-09-2026; last annual accounts for fiscal year 2025. Dissolved without liquidation on 01-09-2026.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
28 d late
2023
30 d late
2022
26 d late
2021
30 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€1.21M▲ 5.1%
2024 · €1.15M
2018: €678klowest in 8 years
2019: €730k▲ +7.6% vs 2018
2020: €847k▲ +16.0% vs 2019
2021: €910k▲ +7.4% vs 2020
2022: €993k▲ +9.1% vs 2021
2023: €1.07M▲ +8.0% vs 2022
2024: €1.15M▲ +7.6% vs 2023
2025: €1.21M▲ +5.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.72M▲ 22.7%
2024 · €1.40M
2018: €1.11Mlowest in 8 years
2019: €1.17M▲ +5.4% vs 2018
2020: €1.25M▲ +6.9% vs 2019
2021: €1.30M▲ +4.2% vs 2020
2022: €1.38M▲ +6.2% vs 2021
2023: €1.38M▼ -0.6% vs 2022
2024: €1.40M▲ +1.9% vs 2023
2025: €1.72M▲ +22.7% vs 2024highest in 8 years
2018 → 2025
Net result
€59k▼ 27.2%
2024 · €81k
2018: €20klowest in 8 years
2019: €52k▲ +156% vs 2018
2020: €117k▲ +125% vs 2019highest in 8 years
2021: €63k▼ -46.0% vs 2020
2022: €83k▲ +32.0% vs 2021
2023: €79k▼ -4.6% vs 2022
2024: €81k▲ +2.6% vs 2023
2025: €59k▼ -27.2% vs 2024
2018 → 2025
Working capital
€953k▲ 10.1%
2024 · €866k
2018: €808k
2019: €738k▼ -8.6% vs 2018
2020: €661k▼ -10.5% vs 2019
2021: €652k▼ -1.4% vs 2020lowest in 8 years
2022: €660k▲ +1.2% vs 2021
2023: €764k▲ +15.9% vs 2022
2024: €866k▲ +13.2% vs 2023
2025: €953k▲ +10.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€910k-€993k▲ 9.1%€1.07M▲ 8.0%€1.15M▲ 7.6%€1.21M▲ 5.1%
2021: €910klowest in 5 years
2022: €993k▲ +9.1% vs 2021
2023: €1.07M▲ +8.0% vs 2022
2024: €1.15M▲ +7.6% vs 2023
2025: €1.21M▲ +5.1% vs 2024highest in 5 years
Operating result€79k-€109k▲ 38.4%€114k▲ 5.2%€116k▲ 1.4%€87k▼ 25.3%
2021: €79klowest in 5 years
2022: €109k▲ +38.4% vs 2021
2023: €114k▲ +5.2% vs 2022
2024: €116k▲ +1.4% vs 2023highest in 5 years
2025: €87k▼ -25.3% vs 2024
Net result€63k-€83k▲ 32.0%€79k▼ 4.6%€81k▲ 2.6%€59k▼ 27.2%
2021: €63k
2022: €83k▲ +32.0% vs 2021highest in 5 years
2023: €79k▼ -4.6% vs 2022
2024: €81k▲ +2.6% vs 2023
2025: €59k▼ -27.2% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.72M
Fixed assets
€298k ▼ 21.6%
Current assets
€1.42M ▲ 39.2%
Equity and liabilities €1.72M
Equity
€1.21M ▲ 5.1%
Debt
€507k ▲ 105%
Debt's share of the balance-sheet total rises from 17.7% to 29.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€166k▼
2024 · €198k
Cash flow
€139k▼
2024 · €163k
Current ratio
3.03▼
2024 · 6.54
Quick ratio
2.40▼
2024 · 4.29
Debt to equity
0.42▲
2024 · 0.21
ROE
4.9%▼
2024 · 7.1%
ROA
3.4%▼
2024 · 5.8%
Interest coverage
33.33▼
2024 · 56.76
Debt ≤ 1 year
€470k▲
2024 · €156k
Debt > 1 year
€37k▼
2024 · €92k
Income taxes
€27k▼
2024 · €36k
Staff costs
€314k▼
2024 · €319k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.40M€1.72M▲
Fixed assets21/28€380k€298k▼
Tangible fixed assets22/27€380k€298k▼
Land and buildings22€2k-
Plant, machinery and equipment23€35k€27k▼
Furniture and vehicles24€67k€49k▼
Other tangible fixed assets26€276k€223k▼
Current assets29/58€1.02M€1.42M▲
Stocks and contracts in progress3€351k€294k▼
Stocks30/36€351k€294k▼
Amounts receivable within one year40/41€430k€777k▲
Trade receivables40€335k€280k▼
Other amounts receivable41€94k€497k▲
Current investments50/53€10k€10k=
Cash at bank and in hand54/58€221k€336k▲
Deferred charges and accrued income490/1€10k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.72M▲
Equity10/15€1.15M€1.21M▲
Contributions10/11€19k€19k=
Reserves13€6k€6k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€1.13M€1.19M▲
Amounts payable17/49€248k€507k▲
Amounts payable after more than one year17€92k€37k▼
Financial debts170/4€92k€37k▼
Amounts payable within one year42/48€156k€470k▲
Current portion of amounts payable after more than one year42€57k€56k▼
Financial debts43€22k€21k▼
Credit institutions430/8€22k€21k▼
Trade debts44-€332k
Suppliers440/4-€332k
Taxes, remuneration and social security45€74k€57k▼
Taxes450/3€28k€7k▼
Remuneration and social security454/9€45k€50k▲
Other amounts payable47/48€4k€4k▲
Income statement
Code20242025
Non-recurring operating income76A-€238
Remuneration, social security and pensions62€319k€314k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€80k▼
Other operating charges640/8€7k€4k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€524k€487k▼
Operating profit (loss)9901€116k€87k▼
Financial income75/76B€5k€5k▼
Recurring financial income75€5k€5k▼
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€118k€86k▼
Income taxes67/77€36k€27k▼
Profit (loss) for the period9904€81k€59k▼
Profit (loss) for the period to be appropriated9905€81k€59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.13M€1.19M▲
Profit (loss) brought forward from the previous period14P€1.05M€1.13M▲
Social balance
Average headcount (FTE)90874.75.5▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €238 | - |
| Remuneration, social security and pensions62 | €242k | €309k | €307k | €319k | €314k | ▼ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €69k | €79k | €86k | €82k | €80k | ▼ 2.9% |
| Other operating charges640/8 | €3k | €3k | €3k | €7k | €4k | ▼ 49.2% |
| Non-recurring operating charges66A | - | - | - | - | €2k | - |
| Gross operating margin9900 | €392k | €501k | €510k | €524k | €487k | ▼ 7.2% |
| Operating profit (loss)9901 | €79k | €109k | €114k | €116k | €87k | ▼ 25.3% |
| Financial income75/76B | €5k | €7k | €6k | €5k | €5k | ▼ 14.0% |
| Recurring financial income75 | €5k | €7k | €6k | €5k | €5k | ▼ 14.0% |
| Financial charges65/66B | €4k | €3k | €4k | €3k | €5k | ▲ 43.0% |
| Recurring financial charges65 | €4k | €3k | €4k | €3k | €5k | ▲ 43.0% |
| Profit (loss) for the period before taxes9903 | €79k | €112k | €116k | €118k | €86k | ▼ 26.8% |
| Income taxes67/77 | €16k | €29k | €37k | €36k | €27k | ▼ 26.0% |
| Profit (loss) for the period9904 | €63k | €83k | €79k | €81k | €59k | ▼ 27.2% |
| Profit (loss) for the period to be appropriated9905 | €63k | €83k | €79k | €81k | €59k | ▼ 27.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.30M | €1.38M | €1.38M | €1.40M | €1.72M | ▲ 22.7% |
| Fixed assets21/28 | €539k | €545k | €462k | €380k | €298k | ▼ 21.6% |
| Tangible fixed assets22/27 | €539k | €545k | €462k | €380k | €298k | ▼ 21.6% |
| Land and buildings22 | €10k | €5k | €3k | €2k | - | - |
| Plant, machinery and equipment23 | €17k | €51k | €43k | €35k | €27k | ▼ 23.3% |
| Furniture and vehicles24 | €114k | €109k | €87k | €67k | €49k | ▼ 27.3% |
| Other tangible fixed assets26 | €398k | €380k | €329k | €276k | €223k | ▼ 19.3% |
| Current assets29/58 | €764k | €839k | €914k | €1.02M | €1.42M | ▲ 39.2% |
| Stocks and contracts in progress3 | €300k | €283k | €310k | €351k | €294k | ▼ 16.2% |
| Stocks30/36 | €300k | €283k | €310k | €351k | €294k | ▼ 16.2% |
| Amounts receivable within one year40/41 | €291k | €265k | €356k | €430k | €777k | ▲ 80.9% |
| Trade receivables40 | €258k | €243k | €311k | €335k | €280k | ▼ 16.4% |
| Other amounts receivable41 | €33k | €22k | €44k | €94k | €497k | ▲ 427% |
| Current investments50/53 | €10k | €10k | €10k | €10k | €10k | = |
| Cash at bank and in hand54/58 | €158k | €271k | €228k | €221k | €336k | ▲ 52.0% |
| Deferred charges and accrued income490/1 | €5k | €10k | €9k | €10k | €5k | ▼ 49.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.30M | €1.38M | €1.38M | €1.40M | €1.72M | ▲ 22.7% |
| Equity10/15 | €910k | €993k | €1.07M | €1.15M | €1.21M | ▲ 5.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €5k | €5k | €5k | €5k | = |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €5k | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €885k | €968k | €1.05M | €1.13M | €1.19M | ▲ 5.3% |
| Amounts payable17/49 | €393k | €391k | €303k | €248k | €507k | ▲ 105% |
| Amounts payable after more than one year17 | €281k | €211k | €154k | €92k | €37k | ▼ 59.2% |
| Financial debts170/4 | €281k | €211k | €154k | €92k | €37k | ▼ 59.2% |
| Amounts payable within one year42/48 | €112k | €179k | €149k | €156k | €470k | ▲ 201% |
| Current portion of amounts payable after more than one year42 | €57k | €57k | €57k | €57k | €56k | ▼ 1.9% |
| Financial debts43 | €10k | €16k | €22k | €22k | €21k | ▼ 4.9% |
| Credit institutions430/8 | €10k | €16k | €22k | €22k | €21k | ▼ 4.9% |
| Trade debts44 | - | €40k | - | - | €332k | - |
| Suppliers440/4 | - | €40k | - | - | €332k | - |
| Taxes, remuneration and social security45 | €43k | €64k | €66k | €74k | €57k | ▼ 22.6% |
| Taxes450/3 | €8k | €19k | €26k | €28k | €7k | ▼ 74.6% |
| Remuneration and social security454/9 | €35k | €46k | €41k | €45k | €50k | ▲ 10.1% |
| Other amounts payable47/48 | €2k | €2k | €4k | €4k | €4k | ▲ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63k | €83k | €79k | €81k | €59k | ▼ 27.2% |
| + Depreciation and write-downs630 | €69k | €79k | €86k | €82k | €80k | ▼ 2.9% |
| Operating cash flow (approximation) | €132k | €162k | €165k | €163k | €139k | ▼ 15.0% |
| Investment in fixed assets (approximation) | - | €-85k | €-3k | €0 | €2k | - |
| Change in cash | - | €113k | €-43k | €-7k | €115k | ▲ 1,659% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-09
State Gazette act
General meeting · MergerDissolution · Power of attorney8 facts ▸
State Gazette act
General meeting · Merger
Dissolution · Power of attorney8 facts ▸
- General meeting, 17-08-2026
- Merger, verrichting gelijkgesteld met fusie door overneming, algemene vergadering van de Overnemende Vennootschap tot eenzelfde besluit komt
- Dissolution, ontbinding zonder vereffening, ontbinding zonder vereffening
- Power of attorney, Anne Vandoolaeghe
- Power of attorney, Sandrine Labye
- Power of attorney, PARTENA - ONDERNEMINGSLOKET VZW
- General meeting, Kennisname van de fusievoorstellen
- Merger, 01-09-2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Equity above €1MEq €1.07M ▲8%
6 profitable years in a row build equity to €1.07M.
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 26 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €117k ▲125%
Operating result €147k, net result €117k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst
Ground area
277 m²
Building footprint
183 m²
Volume, LiDAR
1,277 m³
Parcel 41042C0366/00P002, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41042C0366/00P002 | Flanders | 277 m² | 1 · 183 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Other provisions of the articles (1)
- Accounting effect: 01-09-2026
Structure & network
Acquisitions and mergers
1 transactionTaken over by:BENU
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 2,660 EUR awarded · 2,660 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,660 EUR | 2,660 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)