APOTHEEK PROOSTERBOS
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 35 filings
Turnover
≈ €1.7m
Estimated: probably between €1.3m and €2.7m
EBIT margin
Not included in this filing
Net result
€303,835▲ 36.3%
2024 · €222,893
Working capital
€172,122▼ 14.1%
2024 · €200,409
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€334,061
▲ 23.4%
2025
20182025
Net result
€303,835
▲ 36.3%
2025
highest quarter of the sector
20182025
Equity
€204,551
=
2025
middle half of the sector
20182025
Total assets
€1.1m
▲ 26.6%
2025
middle half of the sector
20182025
Debt
€924,022
▲ 34.6%
2025
20182025
Working capital
€172,122
▼ 14.1%
2025
middle half of the sector
20182025
Solvency
18.1%
▼ 4.8pp
2025
middle half of the sector
20182025
Current ratio
1.26
▼ 0.27
2025
middle half of the sector
20182025
Return on assets (ROA)
26.9%
▲ 1.9pp
2025
highest quarter of the sector
20182025
Staff (FTE)
1.5
▼ 11.8%
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m--€0.01m-€0.02m▼ 50.4%-€0.01m▲ 15.7%€0.01m€0.1m▲ 11×€0.3m▲ 111%€0.3m▲ 23.4%
Net result€0.006m--€0.02m-€0.02mbelow the sector's middle half▼ 28.2%-€0.02mbelow the sector's middle half▲ 11.6%€0.003mbelow the sector's middle half€0.09mwithin the sector's middle half▲ 28×€0.2mabove the sector's middle half▲ 155%€0.3mabove the sector's middle half▲ 36.3%
Equity€0.2m-€0.2m▼ 10.4%€0.1mwithin the sector's middle half▼ 14.9%€0.1mwithin the sector's middle half▼ 15.5%€0.1mwithin the sector's middle half▲ 2.8%€0.2mwithin the sector's middle half▲ 74.5%€0.2mwithin the sector's middle half=€0.2mwithin the sector's middle half=
Total assets€0.9m-€0.8m▼ 6.3%€0.8mwithin the sector's middle half▲ 1.6%€0.8mwithin the sector's middle half▼ 9.8%€0.8mwithin the sector's middle half▲ 3.3%€0.9mwithin the sector's middle half▲ 12.3%€0.9mwithin the sector's middle half▲ 1.6%€1.1mwithin the sector's middle half▲ 26.6%
Debt€0.7m-€0.7m▼ 5.2%€0.7m▲ 5.5%€0.6m▼ 8.7%€0.7m▲ 3.4%€0.7m▲ 1.3%€0.7m▲ 2.1%€0.9m▲ 34.6%
Working capital€0.3m-€0.3m▼ 15.2%€0.2mwithin the sector's middle half▼ 17.6%€0.2mwithin the sector's middle half▼ 21.2%€0.2mwithin the sector's middle half▼ 9.3%€0.2mwithin the sector's middle half▲ 33.6%€0.2mwithin the sector's middle half▼ 8.8%€0.2mwithin the sector's middle half▼ 14.1%
Solvency20.1%-19.2%▼ 0.9pp16.1%within the sector's middle half▼ 3.1pp15.1%below the sector's middle half▼ 1.0pp15.0%below the sector's middle half▼ 0.1pp23.3%within the sector's middle half▲ 8.3pp22.9%within the sector's middle half▼ 0.4pp18.1%within the sector's middle half▼ 4.8pp
Current ratio3.30-2.90▼ 0.402.02within the sector's middle half▼ 0.881.88within the sector's middle half▼ 0.141.61within the sector's middle half▼ 0.271.68within the sector's middle half▲ 0.071.53within the sector's middle half▼ 0.151.26within the sector's middle half▼ 0.27
Return on assets (ROA)0.7%--2.2%▼ 2.9pp-2.8%below the sector's middle half▼ 0.6pp-2.8%below the sector's middle half▲ 0.1pp0.4%below the sector's middle half▲ 3.2pp10.0%within the sector's middle half▲ 9.6pp25.0%above the sector's middle half▲ 15.0pp26.9%above the sector's middle half▲ 1.9pp
Staff (FTE)2.5-2.9▲ 16.0%2.9within the sector's middle half=2.6within the sector's middle half▼ 10.3%2.1within the sector's middle half▼ 19.2%2.5within the sector's middle half▲ 19.0%1.7within the sector's middle half▼ 32.0%1.5below the sector's middle half▼ 11.8%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 23% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€293,915 ▼ 5.8%
Current assets
€834,659 ▲ 44.1%
Equity and liabilities €1.1m
Equity
€204,551 =
Debt
€924,022 ▲ 34.6%
Debt's share of the balance-sheet total rises from 77.1% to 81.9%. Debt is higher.
Key figures and ratios
EBITDA
€356,369▲
2024 · €293,849
Cash flow
€326,142▲
2024 · €246,038
Quick ratio
0.91▼
2024 · 0.96
Debt to equity
4.52▲
2024 · 3.36
ROE
148.5%▲
2024 · 109.0%
Interest coverage
36.15▲
2024 · 26.00
Debt ≤ 1 year
€662,537▲
2024 · €378,974
Debt > 1 year
€261,414▼
2024 · €307,756
Income taxes
€21,415▼
2024 · €38,976
Staff costs
€99,716▲
2024 · €94,012
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 3 | 2 | 2 |
| full-time | - | 0 | 0 | 0 | 0 |
| part-time | 3 | 3 | 3 | 2 | 2 |
| in full-time equivalents | 2.1 | 2.1 | 2.4 | 1.4 | 1.4 |
| Average over the year, in full-time equivalents | 2.6 | 2.1 | 2.5 | 1.7 | 1.5 |
| On a permanent contract | 3 | 3 | 3 | 2 | 2 |
| Joined | 0 | - | - | 2 | - |
| Left | 1 | - | - | 3 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €528,516 | - | - | - | - |
| Mortgages, amount registered | €25,000 | €25,000 | - | - | - |
| Carrying value of the mortgaged assets | €351,963 | €334,157 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,000 | - | €12,478 | - | €4,314 |
| Depreciation and write-downs of the year | €23,399 | €22,826 | €23,722 | €23,145 | €22,308 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €1,959 awarded · €1,959 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €0 | €864 |
| 2022 | 1 | €1,959 | €1,095 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €131,963 | €129,491 | €128,280 | €94,012 | €99,716 | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,141 | €27,412 | €25,967 | €23,399 | €22,826 | €23,722 | €23,145 | €22,308 | ▼ 3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,325 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €2,563 | €2,951 | €2,385 | €2,319 | €2,800 | ▲ 20.7% |
| Non-recurring operating charges66A | - | - | - | - | - | €1,030 | €0 | - | - |
| Gross operating margin9900 | €189,416 | €160,169 | €150,888 | €143,620 | €168,755 | €283,604 | €390,180 | €458,885 | ▲ 17.6% |
| Operating profit (loss)9901 | €26,004 | -€11,285 | -€16,972 | -€14,305 | €11,162 | €128,186 | €270,704 | €334,061 | ▲ 23.4% |
| Financial income75/76B | - | - | - | €2,126 | €2,203 | €5,277 | €2,469 | €1,046 | ▼ 57.6% |
| Recurring financial income75 | €3,880 | €3,416 | €2,678 | €2,126 | €2,203 | €5,277 | €2,469 | €1,046 | ▼ 57.6% |
| Financial charges65/66B | - | - | - | €8,717 | €10,217 | €13,557 | €11,304 | €9,858 | ▼ 12.8% |
| Recurring financial charges65 | €24,038 | €10,568 | €9,349 | €8,717 | €10,217 | €13,557 | €11,304 | €9,858 | ▼ 12.8% |
| Profit (loss) for the period before taxes9903 | €5,846 | -€18,437 | -€23,643 | -€20,895 | €3,148 | €119,907 | €261,870 | €325,249 | ▲ 24.2% |
| Income taxes67/77 | - | - | - | - | - | €32,567 | €38,976 | €21,415 | ▼ 45.1% |
| Profit (loss) for the period9904 | €5,846 | -€18,437 | -€23,643 | -€20,895 | €3,148 | €87,340 | €222,893 | €303,835 | ▲ 36.3% |
| Profit (loss) for the period to be appropriated9905 | €5,846 | -€18,437 | -€23,643 | -€20,895 | €3,148 | €87,340 | €222,893 | €303,835 | ▲ 36.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | €1.1m | ▲ 26.6% |
| Formation expenses20 | €0.008m | €0.004m | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 5.8% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 5.8% |
| Land and buildings22 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 6.4% |
| Plant, machinery and equipment23 | - | - | - | €0.005m | €0.003m | €0.001m | €0.001m | €0.001m | ▼ 24.6% |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.005m | €0.009m | €0.006m | €0.007m | ▲ 33.7% |
| Current assets29/58 | €0.5m | €0.4m | €0.5m | €0.4m | €0.4m | €0.5m | €0.6m | €0.8m | ▲ 44.1% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 6.9% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 6.9% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 4.1% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | ▲ 9.1% |
| Other amounts receivable41 | - | - | - | €0.008m | €0.01m | €0.004m | €0.008m | €0.001m | ▼ 85.3% |
| Current investments50/53 | - | €0.04m | €0.04m | €0.04m | €0.04m | €1 | €1 | €1 | = |
| Cash at bank and in hand54/58 | €0.2m | €0.07m | €0.07m | €0.03m | €0.02m | €0.1m | €0.2m | €0.4m | ▲ 118% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.004m | €0.01m | €0.008m | €0.005m | ▼ 43.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | €1.1m | ▲ 26.6% |
| Equity10/15 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | = |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.1m | €0.1m | €0.07m | €0.05m | €0.06m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.03m | €0.03m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €0.7m | €0.7m | €0.7m | €0.6m | €0.7m | €0.7m | €0.7m | €0.9m | ▲ 34.6% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 15.1% |
| Financial debts170/4 | - | - | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 15.1% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.7m | ▲ 74.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.09m | €0.04m | €0.04m | €0.04m | ▲ 5.4% |
| Trade debts44 | €0.09m | €0.08m | €0.1m | €0.09m | €0.1m | €0.2m | €0.08m | €0.1m | ▲ 19.5% |
| Suppliers440/4 | - | - | - | €0.09m | €0.1m | €0.2m | €0.08m | €0.1m | ▲ 19.5% |
| Advances received on contracts in progress46 | - | - | - | €0.004m | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.05m | €0.02m | €0.02m | ▲ 6.7% |
| Taxes450/3 | - | - | - | €0.003m | €0.002m | €0.04m | €0.003m | €0.003m | ▼ 22.3% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 13.1% |
| Other amounts payable47/48 | - | - | - | - | €0.04m | €0.03m | €0.2m | €0.5m | ▲ 112% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €10 | €72 | ▲ 600% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,846 | -€18,437 | -€23,643 | -€20,895 | €3,148 | €87,340 | €222,893 | €303,835 | ▲ 36.3% |
| + Depreciation and write-downs630 | €40,141 | €27,412 | €25,967 | €23,399 | €22,826 | €23,722 | €23,145 | €22,308 | ▼ 3.6% |
| Operating cash flow (approximation) | €45,987 | €8,975 | €2,325 | €2,503 | €25,975 | €111,062 | €246,038 | €326,142 | ▲ 32.6% |
| Investment in fixed assets (approximation) | - | -€22,256 | -€14,017 | -€9,000 | €0 | -€12,478 | €0 | -€4,314 | - |
| Change in cash | - | -€89,958 | €4,610 | -€36,071 | -€14,479 | €102,699 | €79,292 | €237,659 | ▲ 200% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,818 companies had the same profile as APOTHEEK PROOSTERBOS has now. Two years later, 95.1% were still going and 1.0% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.1%
was still going
3.7%
stopped otherwise
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of APOTHEEK PROOSTERBOS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for APOTHEEK PROOSTERBOS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 19-06-2026 | 2026-00176831 | |
| 31-12-2024 | abbreviated format | 06-06-2025 | 2025-00124508 | |
| 31-12-2023 | abbreviated format | 07-06-2024 | 2024-00116607 | |
| 31-12-2022 | abbreviated format | 27-06-2023 | 2023-00160630 | |
| 31-12-2021 | abbreviated format | 28-07-2022 | 2022-20234903 | |
| 31-12-2020 | abbreviated format | 22-07-2021 | 2021-38000382 | |
| 31-12-2019 | abbreviated format | 08-06-2020 | 2020-15200304 | |
| 31-12-2018 | abbreviated format | 24-06-2019 | 2019-22000146 | |
| 31-12-2017 | abbreviated format | 14-06-2018 | 2018-18300538 | |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-21500337 |