APOTHEEK LATEM
ActiveSummary
APOTHEEK LATEM has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €174k and a net result of €15k. Equity is growing by ~66.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-3
Solvency42▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.0 in 2023; short-term debt: 58.2% and cash: 23.8% of total assets), and 83.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9623 sector peers (2024).
NBB · sector comparisonPosition among 9623 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
30 d early
2022
26 d early
2021
25 d early
2020
25 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€174k▲ 9.2%
2023 · €160k
2018: €-53k
2019: €-49k
2020: €5k
2021: €65k
2022: €119k
2023: €160k
2018 → 2024
Total assets
€1.04M▲ 4.9%
2023 · €994k
2018: €1.22M
2019: €1.09M
2020: €1.05M
2021: €1.05M
2022: €1.07M
2023: €994k
2018 → 2024
Net result
€15k▼ 64.0%
2023 · €41k
2018: €-3k
2019: €4k
2020: €55k
2021: €71k
2022: €59k
2023: €41k
2018 → 2024
Working capital
€55k
2023 · €-2k
2018: €-329k
2019: €-312k
2020: €-248k
2021: €-151k
2022: €-70k
2023: €-2k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5k-€65k▲ 1,292%€119k▲ 84.1%€160k▲ 34.2%€174k▲ 9.2%
Operating result€64k-€93k▲ 45.1%€80k▼ 14.0%€64k▼ 20.3%€32k▼ 50.3%
Net result€55k-€71k▲ 29.7%€59k▼ 16.6%€41k▼ 31.4%€15k▼ 64.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 50% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.04M
Fixed assets
€380k ▼ 22.5%
Current assets
€661k ▲ 31.5%
Equity and liabilities €1.04M
Equity
€174k ▲ 9.2%
Debt
€868k ▲ 4.0%
Debt's share of the balance-sheet total falls from 83.9% to 83.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€153k▼
2023 · €189k
Cash flow
€137k▼
2023 · €166k
Current ratio
1.09▲
2023 · 1.00
Quick ratio
0.74▲
2023 · 0.61
Debt to equity
4.97▼
2023 · 5.22
ROE
8.4%▼
2023 · 25.5%
ROA
1.4%▼
2023 · 4.1%
Interest coverage
9.05▼
2023 · 12.11
Debt ≤ 1 year
€607k▲
2023 · €505k
Debt > 1 year
€260k▼
2023 · €327k
Income taxes
€7k▼
2023 · €13k
Staff costs
€162k▼
2023 · €171k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€994k€1.04M▲
Fixed assets21/28€491k€380k▼
Intangible fixed assets21€243k€155k▼
Tangible fixed assets22/27€247k€225k▼
Plant, machinery and equipment23€241k€216k▼
Furniture and vehicles24€6k€9k▲
Current assets29/58€503k€661k▲
Stocks and contracts in progress3€193k€212k▲
Stocks30/36€193k€212k▲
Amounts receivable within one year40/41€201k€199k▼
Trade receivables40€114k€102k▼
Other amounts receivable41€87k€97k▲
Cash at bank and in hand54/58€102k€248k▲
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€994k€1.04M▲
Equity10/15€160k€174k▲
Contributions10/11€19k€19k=
Reserves13€141k€156k▲
Distributable reserves133€141k€156k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€834k€868k▲
Amounts payable after more than one year17€327k€260k▼
Financial debts170/4€327k€260k▼
Amounts payable within one year42/48€505k€607k▲
Current portion of amounts payable after more than one year42€83k€66k▼
Financial debts43€50k€50k=
Credit institutions430/8€50k€50k=
Trade debts44€104k€223k▲
Suppliers440/4€104k€223k▲
Taxes, remuneration and social security45€41k€46k▲
Taxes450/3€10k€11k▲
Remuneration and social security454/9€31k€34k▲
Other amounts payable47/48€227k€221k▼
Accrued charges and deferred income492/3€2k€286▼
Income statement
Code20232024
Remuneration, social security and pensions62€171k€162k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€125k€122k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€362k€319k▼
Operating profit (loss)9901€64k€32k▼
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€16k€17k▲
Recurring financial charges65€16k€17k▲
Profit (loss) for the period before taxes9903€54k€22k▼
Income taxes67/77€13k€7k▼
Profit (loss) for the period9904€41k€15k▼
Profit (loss) for the period to be appropriated9905€41k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€15k▼
Transfer to equity691/2€41k€15k▼
To other reserves6921€41k€15k▼
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)90872.82.8=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150kEq €160k ▲34.2%
5 profitable years in a row build equity to €160k.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €119k ▲84.1%
4 profitable years in a row build equity to €119k.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €71k ▲29.7%
Operating result €93k, net result €71k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Martens-Latem · 1 establishment unit since 2015
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.
Maenhoutstraat 149830 Sint-Martens-LatemGround area
1,088 m²
Building footprint
310 m²
Volume, LiDAR
1,685 m³
Parcel 44064B0286/00Y000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Apotheek Latem
since 20152.248.633.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0286/00Y000 | Flanders | 1,088 m² | 1 · 310 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 10,789 EUR awarded · 10,789 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 10,789 EUR | 10,789 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Similar companies · same sector, comparable size
Brupharma
BE 0407.579.845
Brugge · Eq €174,489
PHARMACIE THIRY ANNE
BE 0643.904.212
Court-Saint-Etienne · Eq €175,000
Pharmacie KIEFFER
BE 0882.520.945
Arlon · Eq €175,089
Pharmacie de MAZY
BE 0418.958.242
Gembloux · Eq €173,762
Pharmacie Delvigne
BE 0408.150.561
Jemeppe-sur-Sambre · Eq €175,192
Of 5,220 companies in sector 47730 we hold annual accounts for 3,861. 3,576 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.