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
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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.
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€14,014▼ 46.8%-€1,118€32,250€12,475▼ 61.3%€28,113▲ 125%
Equity€126,131▲ 12.5%€125,013▼ 0.9%€157,263▲ 25.8%€169,738▲ 7.9%€197,851▲ 16.6%
Total assets€872,010▼ 13.5%€775,262▼ 11.1%€847,696▲ 9.3%€703,875▼ 17.0%€839,146▲ 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%
Staff (FTE)0.5▲ 66.7%0.5=0.5=0.5=0.5=
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 1,294. 960 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.