ARSPHARMA
ActiveSummary
ARSPHARMA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197,851 and a net result of €28,113. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 2028 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+2
Solvency49=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.7 in 2024; short-term debt: 59.7% and cash: 12.9% of total assets), and 76.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
23.6%
Return on assets
3.4%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
2 d late
2022
2 d early
2021
1 d early
2020
91 d early
2019
90 d 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 26 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
Equity
€197,851▲ 16.6%
2024 · €169,738
Total assets
€839,146▲ 19.2%
2024 · €703,875
Net result
€28,113▲ 125%
2024 · €12,475
Working capital
-€92,498▲ 16.1%
2024 · -€110,296
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,942▼ 40.3%€8,752▼ 68.7%€53,742▲ 514%€25,051▼ 53.4%€65,010▲ 160%
Net result€14,014within the sector's middle half▼ 46.8%-€1,118below the sector's middle half€32,250within the sector's middle half€12,475within the sector's middle half▼ 61.3%€28,113within the sector's middle half▲ 125%
Equity€126,131within the sector's middle half▲ 12.5%€125,013within the sector's middle half▼ 0.9%€157,263within the sector's middle half▲ 25.8%€169,738within the sector's middle half▲ 7.9%€197,851within the sector's middle half▲ 16.6%
Total assets€872,010within the sector's middle half▼ 13.5%€775,262within the sector's middle half▼ 11.1%€847,696within the sector's middle half▲ 9.3%€703,875within the sector's middle half▼ 17.0%€839,146within the sector's middle half▲ 19.2%
Debt€745,879▼ 16.8%€650,249▼ 12.8%€690,433▲ 6.2%€534,137▼ 22.6%€641,295▲ 20.1%
Working capital€43,148▼ 85.0%€35,542▼ 17.6%€4,973▼ 86.0%-€110,296-€92,498▲ 16.1%
Solvency14.5%below the sector's middle half▲ 3.3pp16.1%below the sector's middle half▲ 1.7pp18.6%below the sector's middle half▲ 2.4pp24.1%within the sector's middle half▲ 5.6pp23.6%within the sector's middle half▼ 0.5pp
Staff (FTE)0.5below the sector's middle half▲ 66.7%0.5below the sector's middle half=0.5below the sector's middle half=0.5below the sector's middle half=0.5below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 160% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €839,146
Fixed assets
€430,349 ▼ 2.5%
Current assets
€408,797 ▲ 55.9%
Equity and liabilities €839,146
Equity
€197,851 ▲ 16.6%
Debt
€641,295 ▲ 20.1%
Debt's share of the balance-sheet total rises from 75.9% to 76.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76,237▲
2024 · €35,236
Cash flow
€39,341▲
2024 · €22,659
Current ratio
0.82▲
2024 · 0.70
Debt to equity
3.24▲
2024 · 3.15
ROE
14.2%▲
2024 · 7.3%
ROA
3.4%▲
2024 · 1.8%
Interest coverage
6.11▼
2024 · 14.33
Debt ≤ 1 year
€501,295▲
2024 · €372,595
Debt > 1 year
€130,000▼
2024 · €161,542
Income taxes
€24,411▲
2024 · €10,154
Staff costs
€22,890▼
2024 · €28,703
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €66,116 | - |
| Remuneration, social security and pensions62 | €21,586 | €21,409 | €26,961 | €28,703 | €22,890 | ▼ 20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,772 | €9,772 | €9,772 | €10,184 | €11,227 | ▲ 10.2% |
| Other operating charges640/8 | €1,076 | €587 | €1,932 | €6,004 | €2,728 | ▼ 54.6% |
| Gross operating margin9900 | €60,376 | €40,521 | €92,408 | €69,943 | €101,856 | ▲ 45.6% |
| Operating profit (loss)9901 | €27,942 | €8,752 | €53,742 | €25,051 | €65,010 | ▲ 160% |
| Financial income75/76B | €0 | €280 | €434 | €36 | €1 | ▼ 98.3% |
| Recurring financial income75 | €0 | €280 | €434 | €36 | €1 | ▼ 98.3% |
| Financial charges65/66B | €7,860 | €8,929 | €4,711 | €2,459 | €12,487 | ▲ 408% |
| Recurring financial charges65 | €7,860 | €8,929 | €4,711 | €2,459 | €12,487 | ▲ 408% |
| Profit (loss) for the period before taxes9903 | €20,082 | €103 | €49,465 | €22,628 | €52,524 | ▲ 132% |
| Income taxes67/77 | €6,068 | €1,221 | €17,215 | €10,154 | €24,411 | ▲ 140% |
| Profit (loss) for the period9904 | €14,014 | -€1,118 | €32,250 | €12,475 | €28,113 | ▲ 125% |
| Profit (loss) for the period to be appropriated9905 | €14,014 | -€1,118 | €32,250 | €12,475 | €28,113 | ▲ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €872,010 | €775,262 | €847,696 | €703,875 | €839,146 | ▲ 19.2% |
| Fixed assets21/28 | €464,090 | €454,317 | €444,545 | €441,576 | €430,349 | ▼ 2.5% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €39,090 | €29,317 | €19,545 | €16,576 | €5,349 | ▼ 67.7% |
| Furniture and vehicles24 | - | - | - | €6,804 | €5,349 | ▼ 21.4% |
| Other tangible fixed assets26 | €39,090 | €29,317 | €19,545 | €9,772 | €0 | ▼ 100% |
| Financial fixed assets28 | €425,000 | €425,000 | €425,000 | €425,000 | €425,000 | = |
| Current assets29/58 | €407,920 | €320,945 | €403,151 | €262,299 | €408,797 | ▲ 55.9% |
| Amounts receivable within one year40/41 | €119,716 | €137,753 | €215,464 | €143,313 | €300,338 | ▲ 110% |
| Trade receivables40 | €94,841 | €127,079 | €201,723 | €128,077 | €286,850 | ▲ 124% |
| Other amounts receivable41 | €24,875 | €10,674 | €13,741 | €15,236 | €13,487 | ▼ 11.5% |
| Cash at bank and in hand54/58 | €288,204 | €153,391 | €187,686 | €118,986 | €108,459 | ▼ 8.8% |
| Deferred charges and accrued income490/1 | - | €29,801 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €872,010 | €775,262 | €847,696 | €703,875 | €839,146 | ▲ 19.2% |
| Equity10/15 | €126,131 | €125,013 | €157,263 | €169,738 | €197,851 | ▲ 16.6% |
| Contributions10/11 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Outside capital11 | €6,300 | €6,300 | €6,300 | - | - | - |
| Other1109/19 | €6,300 | €6,300 | €6,300 | - | - | - |
| Reserves13 | €119,831 | €118,713 | €150,963 | €163,438 | €191,551 | ▲ 17.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €117,971 | €116,853 | €149,103 | €161,578 | €189,691 | ▲ 17.4% |
| Amounts payable17/49 | €745,879 | €650,249 | €690,433 | €534,137 | €641,295 | ▲ 20.1% |
| Amounts payable after more than one year17 | €350,107 | €246,346 | €177,781 | €161,542 | €130,000 | ▼ 19.5% |
| Financial debts170/4 | €350,107 | €246,346 | €177,781 | €161,542 | €130,000 | ▼ 19.5% |
| Amounts payable within one year42/48 | €364,772 | €285,403 | €398,177 | €372,595 | €501,295 | ▲ 34.5% |
| Current portion of amounts payable after more than one year42 | €59,383 | €70,230 | €68,565 | €69,439 | €12,106 | ▼ 82.6% |
| Trade debts44 | €297,960 | €206,893 | €303,522 | €266,459 | €459,241 | ▲ 72.3% |
| Suppliers440/4 | €297,960 | €206,893 | €303,522 | €266,459 | €459,241 | ▲ 72.3% |
| Advances received on contracts in progress46 | - | - | - | €357 | €357 | = |
| Taxes, remuneration and social security45 | €7,429 | €881 | €18,691 | €28,941 | €22,192 | ▼ 23.3% |
| Taxes450/3 | €6,109 | €852 | €17,227 | €27,473 | €19,869 | ▼ 27.7% |
| Remuneration and social security454/9 | €1,320 | €28 | €1,464 | €1,469 | €2,323 | ▲ 58.2% |
| Other amounts payable47/48 | - | €7,400 | €7,400 | €7,400 | €7,400 | = |
| Accrued charges and deferred income492/3 | €31,000 | €118,500 | €114,475 | - | €10,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,014 | -€1,118 | €32,250 | €12,475 | €28,113 | ▲ 125% |
| + Depreciation and write-downs630 | €9,772 | €9,772 | €9,772 | €10,184 | €11,227 | ▲ 10.2% |
| Operating cash flow (approximation) | €23,786 | €8,654 | €42,023 | €22,659 | €39,341 | ▲ 73.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€7,216 | €0 | ▲ 100% |
| Change in cash | - | -€134,814 | €34,296 | -€68,700 | -€10,527 | ▲ 84.7% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
30-09
Financial
Back to profitnet €32,250
Net result €32,250 after one loss-making year.
30-09
Financial
Equity above €150,000Eq €157,263 ▲25.8%
Equity rises from €125,013 to €157,263.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €100,000Eq €112,117 ▲30.7%
2 profitable years in a row build equity to €112,117.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €75,345
Net result €75,345 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
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 4 acts read
About the unread acts
We know of 4 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
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, Malle · 1 establishment unit since 2012
Ground area
2,310 m²
Building footprint
1,399 m²
Volume, LiDAR
847 m³
Parcel 11049B0378/00K003, Flanders · tallest building 13.7 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARS INTERIORS
since 20122.214.813.371
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049B0378/00K003 | Flanders | 2,310 m² | 1 · 1,399 m² | 13.7 m |
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.
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
- MDC-INTERIEUR
- ARSPHARMA
Highest known parent: MDC-INTERIEUR. The sources do not say who stands above it.
Owners 2
- MDC-INTERIEURparent100%
- REMEDIAparentSourceaccounts REMEDIA 2025100%
Holdings 1
-
100%
According to the annual accounts to 30-09-2025 of ARSPHARMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 1,344 EUR awarded · 1,344 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,020 EUR | 1,020 EUR |
| 2023 | 1 | 324 EUR | 324 EUR |
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Of 3,924 companies in sector 71112 we hold annual accounts for 1,296. 962 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
Founded12-10-2012
Fiscal year end30-09
Activities, NACEBEL 2025
71112Activities of interior architects
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849745437
Also
9925:BE0849745437
Registered
27-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.