Apotheek Mares
ActiveSummary
Apotheek Mares has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €437k and a net result of €49k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 4.6 against 4.61 in 2024; short-term debt: 19% and cash: 14.4% of total assets), and 22.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.6%
Return on assets
8.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
14 d early
2023
51 d early
2022
24 d early
2021
69 d early
2020
47 d early
2019
57 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€437k▲ 3.3%
2024 · €423k
2018: €371k
2019: €377k▲ +1.8% vs 2018
2020: €363k▼ -3.7% vs 2019lowest in 8 years
2021: €379k▲ +4.3% vs 2020
2022: €397k▲ +4.9% vs 2021
2023: €417k▲ +5.0% vs 2022
2024: €423k▲ +1.5% vs 2023
2025: €437k▲ +3.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€563k▲ 2.9%
2024 · €548k
2018: €427k
2019: €448k▲ +4.9% vs 2018
2020: €424k▼ -5.5% vs 2019lowest in 8 years
2021: €467k▲ +10.2% vs 2020
2022: €499k▲ +6.9% vs 2021
2023: €496k▼ -0.5% vs 2022
2024: €548k▲ +10.3% vs 2023
2025: €563k▲ +2.9% vs 2024highest in 8 years
2018 → 2025
Net result
€49k▲ 35.3%
2024 · €36k
2018: €9k
2019: €15k▲ +64.2% vs 2018
2020: €-14k▼ -191% vs 2019lowest in 8 years
2021: €25k▲ +275% vs 2020
2022: €32k▲ +29.0% vs 2021
2023: €34k▲ +5.6% vs 2022
2024: €36k▲ +7.6% vs 2023
2025: €49k▲ +35.3% vs 2024highest in 8 years
2018 → 2025
Working capital
€386k▲ 1.5%
2024 · €380k
2018: €302klowest in 8 years
2019: €311k▲ +3.3% vs 2018
2020: €309k▼ -0.9% vs 2019
2021: €308k● -0.0% vs 2020
2022: €331k▲ +7.4% vs 2021
2023: €353k▲ +6.6% vs 2022
2024: €380k▲ +7.6% vs 2023
2025: €386k▲ +1.5% 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€379k-€397k▲ 4.9%€417k▲ 5.0%€423k▲ 1.5%€437k▲ 3.3%
2021: €379klowest in 5 years
2022: €397k▲ +4.9% vs 2021
2023: €417k▲ +5.0% vs 2022
2024: €423k▲ +1.5% vs 2023
2025: €437k▲ +3.3% vs 2024highest in 5 years
Operating result€25k-€37k▲ 48.3%€41k▲ 9.2%€47k▲ 15.3%€55k▲ 17.1%
2021: €25klowest in 5 years
2022: €37k▲ +48.3% vs 2021
2023: €41k▲ +9.2% vs 2022
2024: €47k▲ +15.3% vs 2023
2025: €55k▲ +17.1% vs 2024highest in 5 years
Net result€25k-€32k▲ 29.0%€34k▲ 5.6%€36k▲ 7.6%€49k▲ 35.3%
2021: €25klowest in 5 years
2022: €32k▲ +29.0% vs 2021
2023: €34k▲ +5.6% vs 2022
2024: €36k▲ +7.6% vs 2023
2025: €49k▲ +35.3% vs 2024highest 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 has risen four years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €563k
Fixed assets
€70k ▲ 12.9%
Current assets
€493k ▲ 1.6%
Equity and liabilities €563k
Equity
€437k ▲ 3.3%
Debt
€126k ▲ 1.5%
Debt's share of the balance-sheet total falls from 22.7% to 22.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57k▲
2024 · €49k
Cash flow
€51k▲
2024 · €38k
Current ratio
4.60▼
2024 · 4.61
Quick ratio
2.83▼
2024 · 2.91
Debt to equity
0.29▼
2024 · 0.29
ROE
11.2%▲
2024 · 8.6%
ROA
8.7%▲
2024 · 6.6%
Interest coverage
19.78▲
2024 · 15.83
Debt ≤ 1 year
€107k▲
2024 · €105k
Debt > 1 year
€18k▼
2024 · €19k
Income taxes
€6k▼
2024 · €10k
Staff costs
€132k▲
2024 · €131k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€548k€563k▲
Fixed assets21/28€62k€70k▲
Tangible fixed assets22/27€60k€68k▲
Land and buildings22€52k€51k▼
Plant, machinery and equipment23€7k€17k▲
Financial fixed assets28€3k€3k▼
Current assets29/58€485k€493k▲
Amounts receivable after more than one year29€111k€111k=
Other amounts receivable291€111k€111k=
Stocks and contracts in progress3€179k€189k▲
Stocks30/36€179k€189k▲
Amounts receivable within one year40/41€83k€96k▲
Trade receivables40€77k€89k▲
Other amounts receivable41€6k€7k▲
Cash at bank and in hand54/58€95k€81k▼
Deferred charges and accrued income490/1€16k€16k▼
Equity and liabilities
Total equity and liabilities10/49€548k€563k▲
Equity10/15€423k€437k▲
Contributions10/11€120k€120k=
Reserves13€303k€317k▲
Distributable reserves133€303k€317k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€124k€126k▲
Amounts payable after more than one year17€19k€18k▼
Other amounts payable178/9€19k€18k▼
Amounts payable within one year42/48€105k€107k▲
Trade debts44€54k€57k▲
Suppliers440/4€54k€57k▲
Taxes, remuneration and social security45€21k€16k▼
Taxes450/3€5k€0▼
Remuneration and social security454/9€15k€16k▲
Other amounts payable47/48€30k€35k▲
Accrued charges and deferred income492/3€429€461▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€131k€132k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€28k€5k▼
Gross operating margin9900€208k€195k▼
Operating profit (loss)9901€47k€55k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€46k€55k▲
Income taxes67/77€10k€6k▼
Profit (loss) for the period9904€36k€49k▲
Profit (loss) for the period to be appropriated9905€36k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€49k▲
Transfer to equity691/2€6k€14k▲
To other reserves6921€6k€14k▲
Profit to be distributed694/7€30k€35k▲
Directors or managers695€30k€35k▲
Social balance
Average headcount (FTE)90871.71.6▼
The notes to these accounts (16 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 | - | - | €3k | €0 | - | - |
| Remuneration, social security and pensions62 | €101k | €113k | €115k | €131k | €132k | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €4k | €3k | €2k | €2k | ▲ 1.6% |
| Other operating charges640/8 | €4k | €4k | €3k | €28k | €5k | ▼ 80.6% |
| Gross operating margin9900 | €136k | €158k | €161k | €208k | €195k | ▼ 6.3% |
| Operating profit (loss)9901 | €25k | €37k | €41k | €47k | €55k | ▲ 17.1% |
| Financial income75/76B | €3k | €3k | €3k | €3k | €3k | ▲ 2.4% |
| Recurring financial income75 | €3k | €3k | €3k | €3k | €3k | ▲ 2.4% |
| Financial charges65/66B | €938 | €1k | €2k | €3k | €3k | ▼ 6.9% |
| Recurring financial charges65 | €938 | €1k | €2k | €3k | €3k | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €28k | €40k | €42k | €46k | €55k | ▲ 17.9% |
| Income taxes67/77 | €3k | €8k | €8k | €10k | €6k | ▼ 43.7% |
| Profit (loss) for the period9904 | €25k | €32k | €34k | €36k | €49k | ▲ 35.3% |
| Profit (loss) for the period to be appropriated9905 | €25k | €32k | €34k | €36k | €49k | ▲ 35.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €467k | €499k | €496k | €548k | €563k | ▲ 2.9% |
| Fixed assets21/28 | €71k | €67k | €64k | €62k | €70k | ▲ 12.9% |
| Tangible fixed assets22/27 | €68k | €65k | €62k | €60k | €68k | ▲ 13.7% |
| Land and buildings22 | €56k | €54k | €53k | €52k | €51k | ▼ 2.1% |
| Plant, machinery and equipment23 | €12k | €10k | €9k | €7k | €17k | ▲ 124% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | ▼ 4.3% |
| Current assets29/58 | €396k | €432k | €432k | €485k | €493k | ▲ 1.6% |
| Amounts receivable after more than one year29 | €89k | €104k | €114k | €111k | €111k | = |
| Other amounts receivable291 | €89k | €104k | €114k | €111k | €111k | = |
| Stocks and contracts in progress3 | €133k | €146k | €162k | €179k | €189k | ▲ 5.4% |
| Stocks30/36 | €133k | €146k | €162k | €179k | €189k | ▲ 5.4% |
| Amounts receivable within one year40/41 | €79k | €90k | €86k | €83k | €96k | ▲ 15.1% |
| Trade receivables40 | €68k | €78k | €79k | €77k | €89k | ▲ 15.4% |
| Other amounts receivable41 | €11k | €11k | €7k | €6k | €7k | ▲ 11.5% |
| Cash at bank and in hand54/58 | €77k | €76k | €50k | €95k | €81k | ▼ 14.9% |
| Deferred charges and accrued income490/1 | €17k | €17k | €18k | €16k | €16k | ▼ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €467k | €499k | €496k | €548k | €563k | ▲ 2.9% |
| Equity10/15 | €379k | €397k | €417k | €423k | €437k | ▲ 3.3% |
| Contributions10/11 | €120k | €120k | €120k | €120k | €120k | = |
| Reserves13 | €259k | €277k | €297k | €303k | €317k | ▲ 4.6% |
| Non-distributable reserves130/1 | €12k | €12k | - | - | - | - |
| Reserves not available under the articles1311 | €12k | €12k | - | - | - | - |
| Distributable reserves133 | €247k | €265k | €297k | €303k | €317k | ▲ 4.6% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €88k | €102k | €79k | €124k | €126k | ▲ 1.5% |
| Amounts payable after more than one year17 | €129 | €679 | €148 | €19k | €18k | ▼ 1.2% |
| Other amounts payable178/9 | €129 | €679 | €148 | €19k | €18k | ▼ 1.2% |
| Amounts payable within one year42/48 | €88k | €101k | €79k | €105k | €107k | ▲ 1.9% |
| Trade debts44 | €61k | €72k | €49k | €54k | €57k | ▲ 3.7% |
| Suppliers440/4 | €61k | €72k | €49k | €54k | €57k | ▲ 3.7% |
| Taxes, remuneration and social security45 | €17k | €16k | €16k | €21k | €16k | ▼ 23.9% |
| Taxes450/3 | - | €1k | €821 | €5k | €0 | ▼ 100% |
| Remuneration and social security454/9 | €17k | €14k | €15k | €15k | €16k | ▲ 3.0% |
| Other amounts payable47/48 | €9k | €13k | €14k | €30k | €35k | ▲ 16.7% |
| Accrued charges and deferred income492/3 | €429 | €590 | €611 | €429 | €461 | ▲ 7.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €32k | €34k | €36k | €49k | ▲ 35.3% |
| + Depreciation and write-downs630 | €7k | €4k | €3k | €2k | €2k | ▲ 1.6% |
| Operating cash flow (approximation) | €31k | €35k | €36k | €38k | €51k | ▲ 33.3% |
| Investment in fixed assets (approximation) | - | €12 | €-37 | €-83 | €-10k | ▼ 12,330% |
| Change in cash | - | €-836 | €-26k | €45k | €-14k | ▼ 131% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €49k ▲35.3%
Operating result €55k, net result €49k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-05
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, De Haan · 1 establishment unit since 1986
Ground area
237 m²
Building footprint
169 m²
Volume, LiDAR
1,657 m³
Parcel 35007A0007/00A003, Flanders · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
APOTEEK MARES
since 19862.035.901.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007A0007/00A003 | Flanders | 237 m² | 1 · 169 m² | 16.2 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDe Haan2.035.901.524
Similar companies · same sector, comparable size
PHARMACIE HELLEBORE
BE 0459.892.935
Boussu · Eq €437,140
CENTRUMAPOTHEEK BEERSE
BE 0424.367.971
Beerse · Eq €437,093
PHALADEL
BE 0417.176.313
Braine-le-Comte · Eq €437,036
PHARMACIE A-L SPRUMONT
BE 0840.536.078
Namur · Eq €436,776
APOTEEK BRECKPOT
BE 0450.803.243
Aalst · Eq €436,710
Of 5,220 companies in sector 47730 we hold annual accounts for 3,861. 3,410 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-07-1986
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
Scores and ratios are computed by Checked and are not a credit decision.