CITYPHAR
ActiveSummary
CITYPHAR has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €729,499 and a net result of €74,884. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 4231 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+57
Solvency58▲+2
Growth61▲+16
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.64 in 2024; short-term debt: 65.6% and cash: 1.5% of total assets), and 67.1% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
32.9%
Return on assets
3.4%
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 08-09-2026, 39 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
39 d late
2024
61 d late
2023
107 d late
2022
238 d late
2021
145 d late
2020
89 d late
2019
122 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 114 days after 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 16 November (4 of the last 5 filed years within 69 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, full schema
Turnover
€2.1m▼ 1.2%
2022 · €2.1m
EBIT margin
1.1%▼ 4.4pp
2022 · 5.6%
Net result
€74,884
2024 · -€57,049
Working capital
-€488,293▲ 4.8%
2024 · -€512,643
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
Turnover€2.1m€2.1m▼ 1.2%
Operating result€68,711▼ 87.6%€117,574▲ 71.1%€23,750▼ 79.8%-€65,982€106,614
Net result€83,525within the sector's middle half▼ 86.2%€90,867within the sector's middle half▲ 8.8%€3,592within the sector's middle half▼ 96.0%-€57,049below the sector's middle half€74,884within the sector's middle half
EBIT margin5.6%1.1%▼ 4.4pp
Equity€757,204above the sector's middle half▲ 8.4%€798,071above the sector's middle half▲ 5.4%€801,663within the sector's middle half▲ 0.5%€684,614within the sector's middle half▼ 14.6%€729,499within the sector's middle half▲ 6.6%
Total assets€2.5mabove the sector's middle half▼ 0.1%€2.5mabove the sector's middle half▲ 1.8%€2.5mabove the sector's middle half▼ 0.7%€2.2mwithin the sector's middle half▼ 11.9%€2.2mwithin the sector's middle half▲ 0.6%
Debt€1.6m▼ 3.6%€1.6m▲ 0.3%€1.6m▼ 1.3%€1.5m▼ 4.1%€1.5m▼ 2.1%
Working capital-€458,926below the sector's middle half▲ 6.9%-€435,956below the sector's middle half▲ 5.0%-€462,088below the sector's middle half▼ 6.0%-€512,643below the sector's middle half▼ 10.9%-€488,293below the sector's middle half▲ 4.8%
Solvency30.6%within the sector's middle half▲ 2.4pp31.7%within the sector's middle half▲ 1.1pp32.0%within the sector's middle half▲ 0.4pp31.1%within the sector's middle half▼ 1.0pp32.9%within the sector's middle half▲ 1.8pp
Current ratio0.65below the sector's middle half▲ 0.030.68below the sector's middle half▲ 0.030.67below the sector's middle half▼ 0.010.64below the sector's middle half▼ 0.040.66below the sector's middle half▲ 0.03
Return on assets (ROA)3.4%within the sector's middle half▼ 21.1pp3.6%within the sector's middle half▲ 0.2pp0.1%within the sector's middle half▼ 3.5pp-2.6%below the sector's middle half▼ 2.7pp3.4%within the sector's middle half▲ 6.0pp
Staff (FTE)5.3within the sector's middle half▲ 10.4%5.8within the sector's middle half▲ 9.4%6.3within the sector's middle half▲ 8.6%4.5within the sector's middle half▼ 28.6%3.9within the sector's middle half▼ 13.3%
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 returns to profit in 2025: €106,614 after a loss of €65,982 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.3m ▼ 3.6%
Current assets
€966,162 ▲ 6.6%
Equity and liabilities €2.2m
Equity
€729,499 ▲ 6.6%
Debt
€1.5m ▼ 2.1%
Debt's share of the balance-sheet total falls from 68.9% to 67.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€152,847▲
2024 · -€20,229
Cash flow
€121,118▲
2024 · -€11,296
Quick ratio
0.52▲
2024 · 0.48
Debt to equity
2.04▼
2024 · 2.22
ROE
10.3%▲
2024 · -8.3%
Interest coverage
7.76▲
2024 · -0.83
Debt ≤ 1 year
€1.5m▲
2024 · €1.4m
Income taxes
€27,767▼
2024 · €91,154
Staff costs
€260,110▼
2024 · €305,444
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €2.1m | €2.1m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €1.4m | €1.4m | - | - | - |
| Remuneration, social security and pensions62 | €316,667 | €373,730 | €431,937 | €305,444 | €260,110 | ▼ 14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,102 | €44,665 | €45,729 | €45,753 | €46,233 | ▲ 1.1% |
| Other operating charges640/8 | €1,191 | €1,354 | €1,490 | €2,939 | €1,501 | ▼ 48.9% |
| Gross operating margin9900 | €433,671 | €537,323 | €502,906 | €288,154 | €414,458 | ▲ 43.8% |
| Operating profit (loss)9901 | €68,711 | €117,574 | €23,750 | -€65,982 | €106,614 | ▲ 262% |
| Financial income75/76B | €44,875 | €7,760 | €9,001 | €8,772 | €15,736 | ▲ 79.4% |
| Recurring financial income75 | €44,875 | €7,760 | €9,001 | €8,772 | €15,736 | ▲ 79.4% |
| Financial charges65/66B | €21,141 | €18,431 | €24,054 | €24,420 | €19,699 | ▼ 19.3% |
| Recurring financial charges65 | €21,141 | €18,431 | €24,054 | €24,420 | €19,699 | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | €92,445 | €106,903 | €8,697 | -€81,630 | €102,651 | ▲ 226% |
| Transfer from deferred taxes780 | - | - | - | €115,736 | - | - |
| Income taxes67/77 | €8,920 | €16,036 | €5,105 | €91,154 | €27,767 | ▼ 69.5% |
| Profit (loss) for the period9904 | €83,525 | €90,867 | €3,592 | -€57,049 | €74,884 | ▲ 231% |
| Transfer from tax-exempt reserves789 | - | - | - | €347,208 | - | - |
| Profit (loss) for the period to be appropriated9905 | €83,525 | €90,867 | €3,592 | €290,159 | €74,884 | ▼ 74.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.5m | €2.5m | €2.2m | €2.2m | ▲ 0.6% |
| Fixed assets21/28 | €1.6m | €1.6m | €1.5m | €1.3m | €1.3m | ▼ 3.6% |
| Intangible fixed assets21 | €176,000 | €132,000 | €88,000 | €44,000 | - | - |
| Tangible fixed assets22/27 | €1,649 | €4,294 | €4,837 | €4,543 | €2,310 | ▼ 49.2% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €1,441 | €4,294 | €3,304 | €2,314 | €1,324 | ▼ 42.8% |
| Furniture and vehicles24 | €208 | - | €1,533 | €2,229 | €986 | ▼ 55.8% |
| Financial fixed assets28 | €1.4m | €1.4m | €1.4m | €1.2m | €1.2m | = |
| Current assets29/58 | €846,662 | €933,749 | €959,629 | €906,598 | €966,162 | ▲ 6.6% |
| Stocks and contracts in progress3 | €230,872 | €245,809 | €263,417 | €230,348 | €202,886 | ▼ 11.9% |
| Stocks30/36 | €230,872 | €245,809 | €263,417 | €230,348 | €202,886 | ▼ 11.9% |
| Amounts receivable within one year40/41 | €458,638 | €572,769 | €662,788 | €578,737 | €728,823 | ▲ 25.9% |
| Trade receivables40 | €100,528 | €146,356 | €185,420 | €116,985 | €250,967 | ▲ 115% |
| Other amounts receivable41 | €358,110 | €426,413 | €477,368 | €461,752 | €477,856 | ▲ 3.5% |
| Cash at bank and in hand54/58 | €155,083 | €113,054 | €30,944 | €59,254 | €32,999 | ▼ 44.3% |
| Deferred charges and accrued income490/1 | €2,069 | €2,117 | €2,480 | €38,259 | €1,454 | ▼ 96.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.5m | €2.5m | €2.2m | €2.2m | ▲ 0.6% |
| Equity10/15 | €757,204 | €798,071 | €801,663 | €684,614 | €729,499 | ▲ 6.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €353,408 | €353,408 | €353,408 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €347,208 | €347,208 | €347,208 | €0 | - | - |
| Profit (loss) carried forward14 | €341,796 | €382,663 | €386,255 | €616,414 | €661,299 | ▲ 7.3% |
| Provisions and deferred taxes16 | €115,736 | €115,736 | €115,736 | €0 | - | - |
| Deferred taxes168 | €115,736 | €115,736 | €115,736 | €0 | - | - |
| Amounts payable17/49 | €1.6m | €1.6m | €1.6m | €1.5m | €1.5m | ▼ 2.1% |
| Amounts payable after more than one year17 | €295,482 | €223,630 | €150,449 | €75,914 | - | - |
| Financial debts170/4 | €295,482 | €223,630 | €150,449 | €75,914 | - | - |
| Amounts payable within one year42/48 | €1.3m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 2.5% |
| Current portion of amounts payable after more than one year42 | €94,082 | €95,395 | €96,845 | €98,206 | €99,657 | ▲ 1.5% |
| Financial debts43 | - | €6,387 | €50,000 | €50,000 | €50,000 | = |
| Credit institutions430/8 | - | €6,387 | €50,000 | €50,000 | €50,000 | = |
| Trade debts44 | €620,150 | €649,341 | €643,142 | €742,711 | €734,695 | ▼ 1.1% |
| Suppliers440/4 | €620,150 | €649,341 | €643,142 | €742,711 | €734,695 | ▼ 1.1% |
| Taxes, remuneration and social security45 | €42,363 | €56,682 | €77,292 | €121,812 | €137,233 | ▲ 12.7% |
| Taxes450/3 | €21 | €5,811 | €15,052 | €77,513 | €93,280 | ▲ 20.3% |
| Remuneration and social security454/9 | €42,342 | €50,871 | €62,240 | €44,298 | €43,952 | ▼ 0.8% |
| Other amounts payable47/48 | €548,993 | €561,900 | €554,438 | €406,512 | €432,870 | ▲ 6.5% |
| Accrued charges and deferred income492/3 | €0 | €12,600 | €12,600 | €25,071 | €34,218 | ▲ 36.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,525 | €90,867 | €3,592 | -€57,049 | €74,884 | ▲ 231% |
| + Depreciation and write-downs630 | €47,102 | €44,665 | €45,729 | €45,753 | €46,233 | ▲ 1.1% |
| Operating cash flow (approximation) | €130,627 | €135,532 | €49,321 | -€11,296 | €121,118 | ▲ 1,172% |
| Investment in fixed assets (approximation) | - | -€3,310 | -€2,272 | €198,541 | €0 | ▼ 100% |
| Change in cash | - | -€42,029 | -€82,110 | €28,310 | -€26,255 | ▼ 193% |
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
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 39 days late
2025
31-12
Financial
Back to profitnet €74,884
Net result €74,884 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet -€57,049
Net result drops to -€57,049, the lowest in the series; recovery starts the following year.
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 107 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 238 days late
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 145 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
31-12
Financial
Back to profitnet €605,549
Net result €605,549 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €698,679 ▲467%
Equity rises from €123,130 to €698,679.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 92 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
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, Elsene · 2 establishment units since 1982
Ground area
457 m²
Building footprint
290 m²
Volume, LiDAR
3,967 m³
2 parcels, Brussels · tallest building 21.3 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
PHARMACIE DU PESAGE
since 19822.019.537.921
Pharmacie Ligny
since 20162.250.164.527
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0171/00V005 | Brussels | 299 m² | 1 · 167 m² | 21.3 m · 6 fl. |
| 21445C0264/00C013 | Brussels | 158 m² | 1 · 123 m² | 12.5 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
4 owners · 2 holdingsChain of control
- LES PHARMACIES RURALES
- CITYPHAR
Highest known parent: LES PHARMACIES RURALES. The sources do not say who stands above it.
Owners 4
-
50.5%
- 37.3%
-
31.3%
-
21%
Holdings 2
-
100%
- Sourceown accounts 2025Equity €729,804Result -€31,13724%
According to the 2025 annual accounts of CITYPHAR 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.019.537.921
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PHARMACIE DU BEGUINAGE
BE 0537.961.307
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DEKERK
BE 0539.811.532
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Apotheek Eversel
BE 0686.576.391
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Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 3,207 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-10-1981
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422011960
Also
9925:BE0422011960
Registered
20-10-2025
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.