Apotheek Merchtem DF
ActiveApotheek Merchtem DF has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €354k and a net result of €110k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 10310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-16
Solvency51▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.71 in 2024; short-term debt: 41.5% and cash: 15.8% of total assets), and 74% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 47
higher
← 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
26%
Return on assets
8.1%
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
29 d late
2023
58 d late
2022
74 d late
2021
59 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€354k▼ 15.5%
2024 · €419k
2018: €241k
2019: €235k
2020: €268k
2021: €308k
2022: €316k
2023: €383k
2024: €419k
2018 → 2025
Total assets
€1.36M▲ 51.5%
2024 · €899k
2018: €739k
2019: €865k
2020: €902k
2021: €949k
2022: €860k
2023: €847k
2024: €899k
2018 → 2025
Net result
€110k▼ 19.0%
2024 · €136k
2018: €53k
2019: €104k
2020: €133k
2021: €140k
2022: €108k
2023: €168k
2024: €136k
2018 → 2025
Working capital
€252k▼ 25.9%
2024 · €339k
2018: €269k
2019: €243k
2020: €265k
2021: €294k
2022: €297k
2023: €364k
2024: €339k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€308k-€316k▲ 2.5%€383k▲ 21.4%€419k▲ 9.3%€354k▼ 15.5%
Operating result€217k-€168k▼ 22.7%€253k▲ 50.8%€213k▼ 15.9%€173k▼ 18.9%
Net result€140k-€108k▼ 23.1%€168k▲ 55.8%€136k▼ 19.0%€110k▼ 19.0%
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 two years in a row; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.36M
Fixed assets
€545k▲ 586%
Current assets
€817k▼ 0.3%
Equity and liabilities €1.36M
Equity
€354k▼ 15.5%
Debt
€1.01M▲ 110%
The debt ratio rises from 53.4% to 74.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€233k▲
2024 · €215k
Cash flow
€170k▲
2024 · €138k
Solvency
26.0%▼
2024 · 46.6%
Current ratio
1.44▼
2024 · 1.71
Quick ratio
1.05▼
2024 · 1.23
Debt / equity
2.85▲
2024 · 1.15
ROE
31.1%▼
2024 · 32.4%
ROA
8.1%▼
2024 · 15.1%
Interest coverage
5.15▼
2024 · 6.28
Debt
€1.01M▲
2024 · €480k
Debt ≤ 1 year
€566k▲
2024 · €480k
Debt > 1 year
€443k
Income taxes
€23k▼
2024 · €47k
Staff costs
€188k▲
2024 · €144k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€899k€1.36M▲
Fixed assets21/28€79k€545k▲
Tangible fixed assets22/27€72k€538k▲
Land and buildings22€62k€370k▲
Plant, machinery and equipment23€1k€12k▲
Furniture and vehicles24€9k€19k▲
Leasing and similar rights25-€137k
Financial fixed assets28€7k€7k=
Current assets29/58€820k€817k▼
Stocks and contracts in progress3€229k€225k▼
Stocks30/36€229k€225k▼
Amounts receivable within one year40/41€190k€217k▲
Trade receivables40€119k€137k▲
Other amounts receivable41€71k€80k▲
Current investments50/53€229k€154k▼
Cash at bank and in hand54/58€169k€216k▲
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€899k€1.36M▲
Equity10/15€419k€354k▼
Contributions10/11€145k€145k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€272k€207k▼
Amounts payable17/49€480k€1.01M▲
Amounts payable after more than one year17-€443k
Financial debts170/4-€443k
Amounts payable within one year42/48€480k€566k▲
Current portion of amounts payable after more than one year42-€56k
Trade debts44€424k€387k▼
Suppliers440/4€424k€387k▼
Taxes, remuneration and social security45€14k€11k▼
Taxes450/3€723€930▲
Remuneration and social security454/9€13k€10k▼
Other amounts payable47/48€43k€111k▲
Income statement
Code20242025
Remuneration, social security and pensions62€144k€188k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€60k▲
Other operating charges640/8€1k€575▼
Gross operating margin9900€360k€422k▲
Operating profit (loss)9901€213k€173k▼
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€34k€45k▲
Recurring financial charges65€34k€45k▲
Profit (loss) for the period before taxes9903€183k€133k▼
Income taxes67/77€47k€23k▼
Profit (loss) for the period9904€136k€110k▼
Profit (loss) for the period to be appropriated9905€136k€110k▼
Appropriation of the result
Profit (loss) to be appropriated9906€372k€382k▲
Profit (loss) brought forward from the previous period14P€236k€272k▲
Profit to be distributed694/7€100k€175k▲
Return on contributions (dividend)694€100k€175k▲
Social balance
Average headcount (FTE)90872.63.0▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
31-12
Financial
Highest result since 2018net €168k ▲55.8%
Operating result €253k, net result €168k, both a record.
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 74 days late
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 59 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Merchtem · 1 establishment unit since 1992
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.
Varkensmarkt 101785 MerchtemGround area
602 m²
Building footprint
258 m²
Volume, LiDAR
2,313 m³
Parcel 23602H0131/00C000, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Varkensmarkt 10, 1785 Merchtem
since 19922.057.906.369
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602H0131/00C000 | Flanders | 602 m² | 1 · 258 m² | 15.3 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesMerchtem2.057.906.369
Zellik
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Of 5,222 companies in sector 47730 we hold annual accounts for 3,861. 3,466 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-05-1992
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
52310
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.