BPHARMA
ActiveSummary
BPHARMA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €536,490 and a net result of €101,700. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 58% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+10
Solvency68▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.27 in 2024; short-term debt: 9.3% and cash: 1.1% of total assets), and 56.8% 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
43.2%
Return on assets
8.2%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
16 d early
2023
26 d early
2022
12 d early
2021
20 d early
2020
23 d early
2019
27 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 13 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 11 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€101,700▲ 50.0%
2024 · €67,790
Working capital
-€93,891▲ 1.1%
2024 · -€94,900
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€37,560▼ 9.1%€40,363▲ 7.5%€39,486▼ 2.2%€28,276▼ 28.4%€31,842▲ 12.6%
Net result€39,811above the sector's middle half▼ 68.0%€51,187above the sector's middle half▲ 28.6%€87,166above the sector's middle half▲ 70.3%€67,790above the sector's middle half▼ 22.2%€101,700above the sector's middle half▲ 50.0%
Equity€238,647above the sector's middle half▲ 20.0%€289,834above the sector's middle half▲ 21.4%€377,000above the sector's middle half▲ 30.1%€434,790above the sector's middle half▲ 15.3%€536,490above the sector's middle half▲ 23.4%
Total assets€1.2mabove the sector's middle half▼ 0.2%€1.2mabove the sector's middle half▼ 0.5%€1.2mabove the sector's middle half▲ 2.3%€1.3mabove the sector's middle half▲ 0.3%€1.2mabove the sector's middle half▼ 0.8%
Debt€987,272▼ 4.1%€929,476▼ 5.9%€870,516▼ 6.3%€816,968▼ 6.2%€705,707▼ 13.6%
Working capital-€66,608below the sector's middle half▼ 22.6%-€68,245below the sector's middle half▼ 2.5%-€58,268below the sector's middle half▲ 14.6%-€94,900below the sector's middle half▼ 62.9%-€93,891below the sector's middle half▲ 1.1%
Solvency19.5%within the sector's middle half▲ 3.3pp23.8%within the sector's middle half▲ 4.3pp30.2%within the sector's middle half▲ 6.4pp34.7%within the sector's middle half▲ 4.5pp43.2%within the sector's middle half▲ 8.5pp
Current ratio0.23below the sector's middle half▼ 0.030.19below the sector's middle half▼ 0.040.33below the sector's middle half▲ 0.150.27below the sector's middle half▼ 0.060.19below the sector's middle half▼ 0.08
Return on assets (ROA)3.2%within the sector's middle half▼ 6.9pp4.2%within the sector's middle half▲ 1.0pp7.0%within the sector's middle half▲ 2.8pp5.4%within the sector's middle half▼ 1.6pp8.2%within the sector's middle half▲ 2.8pp
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
The operating result recovers in 2025; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.2m ▲ 0.3%
Current assets
€21,512 ▼ 38.8%
Equity and liabilities €1.2m
Equity
€536,490 ▲ 23.4%
Debt
€705,707 ▼ 13.6%
Debt's share of the balance-sheet total falls from 65.3% to 56.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34,726▲
2024 · €29,810
Cash flow
€104,585▲
2024 · €69,324
Debt to equity
1.32▼
2024 · 1.88
ROE
19.0%▲
2024 · 15.6%
Interest coverage
3.39▲
2024 · 2.62
Debt ≤ 1 year
€115,402▼
2024 · €130,028
Debt > 1 year
€589,681▼
2024 · €686,940
Income taxes
€5,793▲
2024 · €4,781
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 | €2,674 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,601 | €2,601 | €782 | €1,534 | €2,884 | ▲ 88.0% |
| Other operating charges640/8 | €1,525 | €928 | €1,085 | €1,036 | €1,069 | ▲ 3.2% |
| Gross operating margin9900 | €41,687 | €43,891 | €41,353 | €30,846 | €35,795 | ▲ 16.0% |
| Operating profit (loss)9901 | €37,560 | €40,363 | €39,486 | €28,276 | €31,842 | ▲ 12.6% |
| Financial income75/76B | €25,000 | €34,700 | €72,304 | €55,688 | €85,902 | ▲ 54.3% |
| Recurring financial income75 | €25,000 | €34,700 | €72,304 | €55,688 | €85,902 | ▲ 54.3% |
| Financial charges65/66B | €13,616 | €12,874 | €12,118 | €11,393 | €10,251 | ▼ 10.0% |
| Recurring financial charges65 | €13,616 | €12,874 | €12,118 | €11,393 | €10,251 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €48,944 | €62,188 | €99,672 | €72,571 | €107,493 | ▲ 48.1% |
| Income taxes67/77 | €9,133 | €11,002 | €12,505 | €4,781 | €5,793 | ▲ 21.2% |
| Profit (loss) for the period9904 | €39,811 | €51,187 | €87,166 | €67,790 | €101,700 | ▲ 50.0% |
| Profit (loss) for the period to be appropriated9905 | €39,811 | €51,187 | €87,166 | €67,790 | €101,700 | ▲ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.3m | €1.2m | ▼ 0.8% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 0.3% |
| Tangible fixed assets22/27 | €2,601 | - | €14,561 | €13,026 | €17,083 | ▲ 31.1% |
| Furniture and vehicles24 | €2,601 | - | - | - | €5,590 | - |
| Other tangible fixed assets26 | - | - | €14,561 | €13,026 | €11,492 | ▼ 11.8% |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €19,715 | €15,707 | €29,352 | €35,128 | €21,512 | ▼ 38.8% |
| Amounts receivable within one year40/41 | - | €586 | €11,067 | €12,152 | €3,266 | ▼ 73.1% |
| Trade receivables40 | - | - | €211 | €0 | - | - |
| Other amounts receivable41 | - | €586 | €10,856 | €12,152 | €3,266 | ▼ 73.1% |
| Cash at bank and in hand54/58 | €15,064 | €10,539 | €13,654 | €18,347 | €13,565 | ▼ 26.1% |
| Deferred charges and accrued income490/1 | €4,650 | €4,582 | €4,631 | €4,629 | €4,681 | ▲ 1.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.3m | €1.2m | ▼ 0.8% |
| Equity10/15 | €238,647 | €289,834 | €377,000 | €434,790 | €536,490 | ▲ 23.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €50,860 | €100,860 | €150,860 | €140,860 | €140,860 | = |
| 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 | €49,000 | €99,000 | €149,000 | €139,000 | €139,000 | = |
| Profit (loss) carried forward14 | €181,587 | €182,774 | €219,940 | €287,730 | €389,430 | ▲ 35.3% |
| Amounts payable17/49 | €987,272 | €929,476 | €870,516 | €816,968 | €705,707 | ▼ 13.6% |
| Amounts payable after more than one year17 | €900,949 | €845,525 | €782,896 | €686,940 | €589,681 | ▼ 14.2% |
| Financial debts170/4 | €900,949 | €845,525 | €782,896 | €686,940 | €589,681 | ▼ 14.2% |
| Amounts payable within one year42/48 | €86,323 | €83,951 | €87,620 | €130,028 | €115,402 | ▼ 11.2% |
| Current portion of amounts payable after more than one year42 | €60,089 | €60,830 | €68,032 | €101,357 | €102,034 | ▲ 0.7% |
| Trade debts44 | €9,739 | €10,359 | €10,487 | €10,542 | €10,958 | ▲ 3.9% |
| Suppliers440/4 | €9,739 | €10,359 | €10,487 | €10,542 | €10,958 | ▲ 3.9% |
| Taxes, remuneration and social security45 | €6,719 | €12,763 | €9,101 | €8,629 | €2,411 | ▼ 72.1% |
| Taxes450/3 | €6,719 | €11,747 | €7,990 | €8,629 | €2,411 | ▼ 72.1% |
| Remuneration and social security454/9 | - | €1,016 | €1,112 | €0 | - | - |
| Other amounts payable47/48 | €9,775 | - | - | €9,500 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €624 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,811 | €51,187 | €87,166 | €67,790 | €101,700 | ▲ 50.0% |
| + Depreciation and write-downs630 | €2,601 | €2,601 | €782 | €1,534 | €2,884 | ▲ 88.0% |
| Operating cash flow (approximation) | €42,412 | €53,788 | €87,948 | €69,324 | €104,585 | ▲ 50.9% |
| Investment in fixed assets (approximation) | - | €0 | -€15,343 | €0 | -€6,941 | - |
| Change in cash | - | -€4,526 | €3,115 | €4,694 | -€4,782 | ▼ 202% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €500,000Eq €536,490 ▲23.4%
6 profitable years in a row build equity to €536,490.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €238,647 ▲20%
2 profitable years in a row build equity to €238,647.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €124,413
Net result €124,413 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €198,836 ▲167%
Equity rises from €74,423 to €198,836.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet -€2,972
Net result drops to -€2,972, the lowest in the series; recovery starts the following year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
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, Gerpinnes · 1 establishment unit since 2012
Ground area
1,838 m²
Building footprint
198 m²
Volume, LiDAR
1,315 m³
2 parcels, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Sart-les-Moulins 52, 6044 Charleroi
since 20122.207.939.239
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52025C0470/00D004 | Wallonia | 1,107 m² | 1 · 134 m² | 7.7 m · 2 fl. |
| 52061C0170/00B004 | Wallonia | 731 m² | 1 · 64 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of BPHARMA 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.
Similar companies · same sector, comparable size
APOTHEEK LEEMPUT
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PHARMACIE Charleroi Nord
BE 0430.858.855
Charleroi · Eq €537,327
HALLEPHAR
BE 0426.472.178
Zoersel · Eq €537,464
PHARMACIE DE MARIE
BE 0676.494.727
Binche · Eq €537,474
MEDIGREX
BE 0465.660.871
Wuustwezel · Eq €535,052
Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 3,337 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
Founded24-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
10860Manufacture of food products
21100Manufacture of basic pharmaceutical products and pharmaceutical preparations
46150Agents in the wholesale of furniture, household goods and hardware
46460Wholesale of pharmaceutical and medical goods
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843945431
Registered
27-11-2025
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.