ASAPHARM
ActiveSummary
ASAPHARM has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €160,138 and a net result of €139,678. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 19% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-3
Solvency34▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.35 in 2024; short-term debt: 28.7% and cash: 0.4% of total assets), and 91.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Retail trade (NACE 47)
about 45% more 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
8.6%
Return on assets
7.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 10519 sector peers (2025).
NBB · sector comparisonPosition among 10519 sector peers
Solvency
better than 19%
← weakest
strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
20 d early
2023
13 d early
2022
33 d early
2021
11 d early
2020
26 d late
2019
45 d late
← 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 5 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€139,678▲ 14.4%
2024 · €122,045
Working capital
-€508,173▼ 296%
2024 · -€128,421
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€17,105▼ 32.1%€6,282▼ 63.3%€34,888▲ 455%€43,834▲ 25.6%€83,048▲ 89.5%
Net result€10,881within the sector's middle half▼ 42.0%-€7,166below the sector's middle half€108,722within the sector's middle half€122,045within the sector's middle half▲ 12.3%€139,678above the sector's middle half▲ 14.4%
Equity€93,946within the sector's middle half▲ 13.1%€45,603within the sector's middle half▼ 51.5%€130,325within the sector's middle half▲ 186%€252,370within the sector's middle half▲ 93.6%€160,138within the sector's middle half▼ 36.5%
Total assets€144,351within the sector's middle half▲ 57.2%€1.3mabove the sector's middle half▲ 769%€1.3mwithin the sector's middle half▲ 1.9%€1.3mwithin the sector's middle half▲ 1.9%€1.9mabove the sector's middle half▲ 42.8%
Debt€50,406▲ 474%€1.2m▲ 2,298%€1.1m▼ 5.0%€1.1m▼ 8.5%€1.7m▲ 61.9%
Working capital€92,127above the sector's middle half▲ 14.2%-€127,641below the sector's middle half-€173,048below the sector's middle half▼ 35.6%-€128,421below the sector's middle half▲ 25.8%-€508,173below the sector's middle half▼ 296%
Solvency65.1%above the sector's middle half▼ 25.4pp3.6%below the sector's middle half▼ 61.4pp10.2%below the sector's middle half▲ 6.6pp19.4%within the sector's middle half▲ 9.2pp8.6%below the sector's middle half▼ 10.8pp
Current ratio2.83above the sector's middle half▼ 7.360.29below the sector's middle half▼ 2.540.17below the sector's middle half▼ 0.120.35below the sector's middle half▲ 0.180.05below the sector's middle half▼ 0.30
Return on assets (ROA)7.5%within the sector's middle half▼ 12.9pp-0.6%within the sector's middle half▼ 8.1pp8.5%within the sector's middle half▲ 9.1pp9.4%within the sector's middle half▲ 0.9pp7.5%within the sector's middle half▼ 1.9pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 89% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.8m ▲ 48.6%
Current assets
€26,557 ▼ 61.1%
Equity and liabilities €1.9m
Equity
€160,138 ▼ 36.5%
Debt
€1.7m ▲ 61.9%
Debt's share of the balance-sheet total rises from 80.6% to 91.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€94,549▲
2024 · €52,692
Cash flow
€151,178▲
2024 · €130,903
Debt to equity
10.62▲
2024 · 4.16
ROE
87.2%▲
2024 · 48.4%
Interest coverage
3.71▼
2024 · 3.74
Debt ≤ 1 year
€534,729▲
2024 · €196,681
Debt > 1 year
€1.2m▲
2024 · €849,913
Income taxes
€17,898▲
2024 · €7,705
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,045 | €53,047 | €9,115 | €8,858 | €11,500 | ▲ 29.8% |
| Other operating charges640/8 | €430 | €2,702 | €2,296 | €2,573 | €2,557 | ▼ 0.6% |
| Gross operating margin9900 | €18,580 | €62,031 | €46,299 | €55,265 | €97,106 | ▲ 75.7% |
| Operating profit (loss)9901 | €17,105 | €6,282 | €34,888 | €43,834 | €83,048 | ▲ 89.5% |
| Financial income75/76B | €112 | - | €92,000 | €100,000 | €100,000 | = |
| Recurring financial income75 | €112 | - | €92,000 | €100,000 | €100,000 | = |
| Financial charges65/66B | €823 | €13,013 | €11,636 | €14,084 | €25,472 | ▲ 80.9% |
| Recurring financial charges65 | €823 | €13,013 | €11,636 | €14,084 | €25,472 | ▲ 80.9% |
| Profit (loss) for the period before taxes9903 | €16,395 | -€6,731 | €115,252 | €129,750 | €157,576 | ▲ 21.4% |
| Income taxes67/77 | €5,513 | €435 | €6,530 | €7,705 | €17,898 | ▲ 132% |
| Profit (loss) for the period9904 | €10,881 | -€7,166 | €108,722 | €122,045 | €139,678 | ▲ 14.4% |
| Profit (loss) for the period to be appropriated9905 | €10,881 | -€7,166 | €108,722 | €122,045 | €139,678 | ▲ 14.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144,351 | €1.3m | €1.3m | €1.3m | €1.9m | ▲ 42.8% |
| Fixed assets21/28 | €1,819 | €1.2m | €1.2m | €1.2m | €1.8m | ▲ 48.6% |
| Tangible fixed assets22/27 | €1,819 | €342,522 | €333,406 | €324,548 | €331,368 | ▲ 2.1% |
| Land and buildings22 | - | €341,516 | €333,032 | €324,548 | €316,064 | ▼ 2.6% |
| Furniture and vehicles24 | €1,819 | €1,006 | €374 | €0 | €15,304 | - |
| Financial fixed assets28 | - | €860,000 | €910,000 | €910,000 | €1.5m | ▲ 65.2% |
| Current assets29/58 | €142,532 | €51,775 | €34,975 | €68,260 | €26,557 | ▼ 61.1% |
| Amounts receivable within one year40/41 | €126,405 | €32,217 | €14,698 | €686 | €17,903 | ▲ 2,510% |
| Trade receivables40 | €125,916 | €15,755 | €8,223 | €372 | €17,878 | ▲ 4,707% |
| Other amounts receivable41 | €489 | €16,462 | €6,475 | €314 | €25 | ▼ 92.0% |
| Cash at bank and in hand54/58 | €15,480 | €18,862 | €19,148 | €65,868 | €6,694 | ▼ 89.8% |
| Deferred charges and accrued income490/1 | €648 | €696 | €1,130 | €1,706 | €1,960 | ▲ 14.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144,351 | €1.3m | €1.3m | €1.3m | €1.9m | ▲ 42.8% |
| Equity10/15 | €93,946 | €45,603 | €130,325 | €252,370 | €160,138 | ▼ 36.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €73,486 | €25,143 | €109,865 | €231,910 | €139,678 | ▼ 39.8% |
| Amounts payable17/49 | €50,406 | €1.2m | €1.1m | €1.1m | €1.7m | ▲ 61.9% |
| Amounts payable after more than one year17 | - | €1.0m | €940,032 | €849,913 | €1.2m | ▲ 36.6% |
| Financial debts170/4 | - | €1.0m | €940,032 | €849,913 | €1.2m | ▲ 36.6% |
| Amounts payable within one year42/48 | €50,406 | €179,416 | €208,024 | €196,681 | €534,729 | ▲ 172% |
| Current portion of amounts payable after more than one year42 | - | €88,433 | €89,245 | €90,119 | €136,408 | ▲ 51.4% |
| Trade debts44 | €5,904 | €187 | €12,026 | €420 | €5,427 | ▲ 1,193% |
| Suppliers440/4 | €5,904 | €187 | €12,026 | €420 | €5,427 | ▲ 1,193% |
| Taxes, remuneration and social security45 | €2,140 | €9,778 | €5,903 | €6,626 | €13,202 | ▲ 99.2% |
| Taxes450/3 | €2,140 | €8,278 | €5,903 | €6,626 | €13,202 | ▲ 99.2% |
| Remuneration and social security454/9 | - | €1,500 | - | - | - | - |
| Other amounts payable47/48 | €42,362 | €81,018 | €100,850 | €99,515 | €379,692 | ▲ 282% |
| Accrued charges and deferred income492/3 | - | - | - | €3,844 | €4,598 | ▲ 19.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,881 | -€7,166 | €108,722 | €122,045 | €139,678 | ▲ 14.4% |
| + Depreciation and write-downs630 | €1,045 | €53,047 | €9,115 | €8,858 | €11,500 | ▲ 29.8% |
| Operating cash flow (approximation) | €11,926 | €45,881 | €117,838 | €130,903 | €151,178 | ▲ 15.5% |
| Investment in fixed assets (approximation) | - | -€1.3m | -€50,000 | €0 | -€611,256 | - |
| Change in cash | - | €3,382 | €286 | €46,721 | -€59,175 | ▼ 227% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €139,678 ▲14.4%
Operating result €83,048, net result €139,678, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €200,000Eq €252,370 ▲93.6%
2 profitable years in a row build equity to €252,370.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €108,722
Net result €108,722 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €130,325 ▲186%
Equity rises from €45,603 to €130,325.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€7,166
Net result drops to -€7,166, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 10.19
Current ratio from 2.97 to 10.19; short-term debt falls from €28,875 to €8,780.
Show earlier events
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Gembloux · 1 establishment unit since 2016
Ground area
850 m²
Building footprint
125 m²
Parcel 92056E0551/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Petit-Leez, Gd-L. 42, 5031 Gembloux
since 20162.249.679.626
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92056E0551/00N000 | Wallonia | 850 m² | 1 · 125 m² | - |
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 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
50%
According to the 2025 annual accounts of ASAPHARM 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.
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Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 3,568 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
Founded08-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0645733354
Also
9925:BE0645733354
Registered
12-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.