BENATPHARMA
ActiveSummary
BENATPHARMA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101,151 and a net result of €38,913. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 35% of 10522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+1
Solvency49=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.86 in 2024; short-term debt: 29.2% and cash: 15.9% of total assets), but 76% 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 · 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
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
24%
Return on assets
9.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
20 d late
2023
9 d early
2022
32 d early
2021
30 d late
2020
47 d early
2019
31 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 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 20 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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
€38,913▲ 5.0%
2024 · €37,067
Working capital
€96,875▲ 1.8%
2024 · €95,146
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€86,371▲ 48.9%€34,023▼ 60.6%€43,766▲ 28.6%€52,089▲ 19.0%€55,731▲ 7.0%
Net result€58,034within the sector's middle half▲ 63.3%€20,312within the sector's middle half▼ 65.0%€30,301within the sector's middle half▲ 49.2%€37,067within the sector's middle half▲ 22.3%€38,913within the sector's middle half▲ 5.0%
Equity€104,658within the sector's middle half▲ 28.2%€124,970within the sector's middle half▲ 19.4%€103,756within the sector's middle half▼ 17.0%€102,764within the sector's middle half▼ 1.0%€101,151within the sector's middle half▼ 1.6%
Total assets€551,385within the sector's middle half▲ 11.3%€476,593within the sector's middle half▼ 13.6%€453,450within the sector's middle half▼ 4.9%€432,650below the sector's middle half▼ 4.6%€420,772within the sector's middle half▼ 2.7%
Debt€446,727▲ 7.9%€351,623▼ 21.3%€349,694▼ 0.5%€329,886▼ 5.7%€319,621▼ 3.1%
Working capital€82,202within the sector's middle half▲ 17.2%€109,794within the sector's middle half▲ 33.6%€88,532within the sector's middle half▼ 19.4%€95,146within the sector's middle half▲ 7.5%€96,875within the sector's middle half▲ 1.8%
Solvency19.0%within the sector's middle half▲ 2.5pp26.2%within the sector's middle half▲ 7.2pp22.9%within the sector's middle half▼ 3.3pp23.8%within the sector's middle half▲ 0.9pp24.0%within the sector's middle half▲ 0.3pp
Current ratio1.56within the sector's middle half▼ 0.132.38above the sector's middle half▲ 0.821.84within the sector's middle half▼ 0.541.86within the sector's middle half▲ 0.021.79within the sector's middle half▼ 0.07
Return on assets (ROA)10.5%within the sector's middle half▲ 3.4pp4.3%within the sector's middle half▼ 6.3pp6.7%within the sector's middle half▲ 2.4pp8.6%within the sector's middle half▲ 1.9pp9.2%within the sector's middle half▲ 0.7pp
Staff (FTE)1below the sector's middle half▲ 100%0.5below the sector's middle half▼ 50.0%0.7below the sector's middle half▲ 40.0%0.7below the sector's middle half=0.7below 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 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €420,772
Fixed assets
€201,208 ▼ 11.5%
Current assets
€219,564 ▲ 7.0%
Equity and liabilities €420,772
Equity
€101,151 ▼ 1.6%
Debt
€319,621 ▼ 3.1%
Debt's share of the balance-sheet total falls from 76.2% to 76.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€90,089▲
2024 · €87,046
Cash flow
€73,271▲
2024 · €72,024
Quick ratio
1.44▲
2024 · 1.42
Debt to equity
3.16▼
2024 · 3.21
ROE
38.5%▲
2024 · 36.1%
Interest coverage
13.83▼
2024 · 15.49
Debt ≤ 1 year
€122,689▲
2024 · €110,094
Debt > 1 year
€196,932▼
2024 · €219,792
Income taxes
€11,597▲
2024 · €11,068
Staff costs
€69,049▲
2024 · €66,167
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €34,699 | €36,707 | €66,189 | €66,167 | €69,049 | ▲ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,825 | €39,180 | €35,764 | €34,957 | €34,358 | ▼ 1.7% |
| Other operating charges640/8 | €6 | €2,034 | €78 | €105 | €0 | ▼ 99.8% |
| Gross operating margin9900 | €157,900 | €111,944 | €145,797 | €153,318 | €159,139 | ▲ 3.8% |
| Operating profit (loss)9901 | €86,371 | €34,023 | €43,766 | €52,089 | €55,731 | ▲ 7.0% |
| Financial income75/76B | €2,684 | €2,859 | €1,982 | €1,664 | €1,293 | ▼ 22.3% |
| Recurring financial income75 | €2,684 | €2,859 | €1,982 | €1,664 | €1,293 | ▼ 22.3% |
| Financial charges65/66B | €7,191 | €6,104 | €6,114 | €5,618 | €6,514 | ▲ 15.9% |
| Recurring financial charges65 | €7,191 | €6,104 | €6,114 | €5,618 | €6,514 | ▲ 15.9% |
| Profit (loss) for the period before taxes9903 | €81,864 | €30,779 | €39,633 | €48,135 | €50,510 | ▲ 4.9% |
| Income taxes67/77 | €23,830 | €10,467 | €9,332 | €11,068 | €11,597 | ▲ 4.8% |
| Profit (loss) for the period9904 | €58,034 | €20,312 | €30,301 | €37,067 | €38,913 | ▲ 5.0% |
| Profit (loss) for the period to be appropriated9905 | €58,034 | €20,312 | €30,301 | €37,067 | €38,913 | ▲ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €551,385 | €476,593 | €453,450 | €432,650 | €420,772 | ▼ 2.7% |
| Fixed assets21/28 | €322,599 | €287,408 | €259,548 | €227,410 | €201,208 | ▼ 11.5% |
| Tangible fixed assets22/27 | €322,599 | €287,408 | €259,548 | €227,410 | €201,208 | ▼ 11.5% |
| Land and buildings22 | €268,766 | €246,355 | €223,944 | €201,533 | €179,122 | ▼ 11.1% |
| Plant, machinery and equipment23 | €12,411 | €12,549 | €12,614 | €9,720 | €13,960 | ▲ 43.6% |
| Furniture and vehicles24 | €41,422 | €28,504 | €22,990 | €16,157 | €8,126 | ▼ 49.7% |
| Current assets29/58 | €228,786 | €189,185 | €193,902 | €205,240 | €219,564 | ▲ 7.0% |
| Stocks and contracts in progress3 | €41,397 | €42,808 | €45,403 | €49,089 | €43,278 | ▼ 11.8% |
| Stocks30/36 | €41,397 | €42,808 | €45,403 | €49,089 | €43,278 | ▼ 11.8% |
| Amounts receivable within one year40/41 | €76,426 | €55,154 | €79,047 | €72,721 | €104,033 | ▲ 43.1% |
| Trade receivables40 | €75,033 | €47,129 | €64,046 | €58,274 | €89,965 | ▲ 54.4% |
| Other amounts receivable41 | €1,393 | €8,025 | €15,002 | €14,448 | €14,068 | ▼ 2.6% |
| Cash at bank and in hand54/58 | €91,046 | €84,917 | €60,304 | €77,591 | €66,802 | ▼ 13.9% |
| Deferred charges and accrued income490/1 | €19,918 | €6,306 | €9,147 | €5,838 | €5,451 | ▼ 6.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €551,385 | €476,593 | €453,450 | €432,650 | €420,772 | ▼ 2.7% |
| Equity10/15 | €104,658 | €124,970 | €103,756 | €102,764 | €101,151 | ▼ 1.6% |
| Contributions10/11 | €70,000 | €70,000 | €48,995 | €39,011 | €27,084 | ▼ 30.6% |
| Reserves13 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Non-distributable reserves130/1 | €7,000 | €7,000 | - | - | - | - |
| Reserves not available under the articles1311 | €7,000 | €7,000 | - | - | - | - |
| Distributable reserves133 | - | - | €7,000 | €7,000 | €7,000 | = |
| Profit (loss) carried forward14 | €27,658 | €47,970 | €47,761 | €56,754 | €67,067 | ▲ 18.2% |
| Amounts payable17/49 | €446,727 | €351,623 | €349,694 | €329,886 | €319,621 | ▼ 3.1% |
| Amounts payable after more than one year17 | €300,143 | €272,232 | €244,325 | €219,792 | €196,932 | ▼ 10.4% |
| Financial debts170/4 | €300,143 | €272,232 | €244,325 | €219,792 | €196,932 | ▼ 10.4% |
| Amounts payable within one year42/48 | €146,584 | €79,391 | €105,370 | €110,094 | €122,689 | ▲ 11.4% |
| Current portion of amounts payable after more than one year42 | €32,299 | €27,911 | €28,266 | €24,532 | €22,861 | ▼ 6.8% |
| Financial debts43 | €22,500 | €14,131 | €14,090 | €14,103 | €14,118 | ▲ 0.1% |
| Credit institutions430/8 | €22,500 | €14,131 | €14,090 | €14,103 | €14,118 | ▲ 0.1% |
| Trade debts44 | €48,306 | €27,656 | €37,449 | €30,817 | €46,285 | ▲ 50.2% |
| Suppliers440/4 | €48,306 | €27,656 | €37,449 | €30,817 | €46,285 | ▲ 50.2% |
| Taxes, remuneration and social security45 | €5,556 | €6,770 | €8,626 | €9,336 | €10,826 | ▲ 16.0% |
| Taxes450/3 | €1,772 | €2,666 | €1,059 | €992 | €2,131 | ▲ 115% |
| Remuneration and social security454/9 | €3,785 | €4,104 | €7,566 | €8,343 | €8,695 | ▲ 4.2% |
| Other amounts payable47/48 | €37,923 | €2,923 | €16,939 | €31,306 | €28,600 | ▼ 8.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,034 | €20,312 | €30,301 | €37,067 | €38,913 | ▲ 5.0% |
| + Depreciation and write-downs630 | €36,825 | €39,180 | €35,764 | €34,957 | €34,358 | ▼ 1.7% |
| Operating cash flow (approximation) | €94,859 | €59,492 | €66,066 | €72,024 | €73,271 | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | -€3,989 | -€7,904 | -€2,819 | -€8,155 | ▼ 189% |
| Change in cash | - | -€6,129 | -€24,613 | €17,287 | -€10,789 | ▼ 162% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €58,034 ▲63.3%
Operating result €86,371, net result €58,034, both a record.
31-12
Financial
Equity above €100,000Eq €104,658 ▲28.2%
2 profitable years in a row build equity to €104,658.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €35,548
Net result €35,548 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€26,815
Net result drops to -€26,815, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
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 2 acts read
About the unread acts
We know of 2 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
2 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, Jette · 1 establishment unit since 2009
Ground area
225 m²
Building footprint
128 m²
Volume, LiDAR
1,568 m³
Parcel 21464D0128/00C006, Brussels · tallest building 18.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Benatpharma
since 20092.182.150.701
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0128/00C006 | Brussels | 225 m² | 1 · 128 m² | 18.7 m · 4 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteJette2.182.150.701
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Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 3,420 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
Founded01-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0818169561
Also
9925:BE0818169561
Registered
14-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.