APOTHEEK PALMANS

Active

Public limited companyfounded 1989active for 37 yearsHilarion Thanslaan 7, 3621 Lanaken, BelgiumKBO/BCE: BE 0438.630.139

Summary

APOTHEEK PALMANS has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €266,002 and a net result of €41,528. Equity is growing by about 3.5% per year across the filed financial years. Its solvency ranks better than 40% of 5,019 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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APOTHEEK PALMANSActiveChecked score 89/100

Risk analysis Report Compare

Activity

Retail sale of pharmaceutical products

NACE 47730

1 site

Size

≈ €1.1mturnover 2025, estimated

Staff: 2.3 FTE
Equity: €266,002
Profit: €41,528

Turnover estimated from the gross margin

Financial health

89 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

Parent: VEPA Management · 88.16%

VEPA ManagementManaging director · permanent representative PALMANS Veerle

2025 accounts 42 days early1 of 3 deeds summarised

Why 89raises riskSector: Retail trade (NACE 47)lowers riskFounded in 1989Size: 2.3 FTE, total assets €964,574Figures for financial year 2025 (filed 19-06-2026)Show the evidence

Checked score

Score 2025

89 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 47% of its sector peers (NACE 47, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 53+1

equity 27.6% of total assets

Liquidity 46=

short-term debt 25.3% · cash 4.7%

Profitability 74-3

return on assets 4.3%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,259 companies, NACE 47, micro)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026highest value 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026

Credit of up to €23,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.03, compared with 2.22 in 2024, above the usual 1.5; short-term debt: 25.3% and cash: 4.7% of total assets), but 72.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 43% on solvency, 46% on liquidity, 59% on profitability and 38% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Founded in 1989

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Retail trade (NACE 47)

KBO

Size: 2.3 FTE, total assets €964,574

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Figures for financial year 2025 (filed 19-06-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

42 days early

2024

51 days early

2023

35 days early

2022

62 days early

2021

47 days early

2020

40 days early

2019

29 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 44 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

19-06-2026 Annual accounts filedfinancial year 2025 · full…
10-06-2025 Annual accounts filedfinancial year 2024 · abbreviated…
31-12-2024 Highest result from 2018 to 2025net €61,811 ▲2%

Key points

Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Controlled by VEPA Management 88.16% View
Positive: 7 profitable years in a rowprofit 2025: €41,528 7 years View

By topic

Financials

Financial year: 2025
Total assets: €964,574
Profit: €41,528
Solvency: 27.6%

Total assets▼ 0.5%

Net result

20182025

Go to Financials

Board & ownership

Board: 1 member
Parent: VEPA Management · 88.16%

VEPA ManagementManaging director

Go to Board & ownership

Timeline

Events: 39
Since: 1991
Next accounts: by 31-07-2027

26-06-2024Annual accounts filed
27-11-2023Resignation: BRUGGEN Cornelia (director)
30-05-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Retail sale of pharmaceutical productsNACE 47730
Founded: 16-10-1989
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 35

Annual meeting: Last Saturday of May at 16:00
Purpose: “De exploitatie, huur en verhuur van één of meer apotheken; Het verzorgen van vervangingen…” (deed in Dutch)

Go to Articles of association

Key facts about APOTHEEK PALMANS

What is the company number of APOTHEEK PALMANS?: 0438.630.139. In Belgium the VAT number is the company number with BE in front: BE 0438.630.139.
Where is APOTHEEK PALMANS based?: The registered office is at Hilarion Thanslaan 7, 3621 Lanaken.Company details
What does APOTHEEK PALMANS do?: According to the KBO register, the main activity is retail sale of pharmaceutical products (NACE 47730).
What is the legal form of APOTHEEK PALMANS?: Public limited company (NV).
When was APOTHEEK PALMANS founded?: On 16-10-1989.
Is APOTHEEK PALMANS still active?: Yes, APOTHEEK PALMANS is an active enterprise in the KBO register.
How many employees does APOTHEEK PALMANS have?: On average 2.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of APOTHEEK PALMANS?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is APOTHEEK PALMANS profitable?: In financial year 2025, APOTHEEK PALMANS made a profit of €41,528.
Where can I find the annual accounts of APOTHEEK PALMANS?: APOTHEEK PALMANS filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of APOTHEEK PALMANS due?: By 31-07-2027, for financial year 2026.Timeline

Companies related to APOTHEEK PALMANS

Parent and group

VEPA Management88.16%

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Overview