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Conforma

Active Public limited companyfounded 1957active for 69 yearsZenderstraat 10, 9070 DestelbergenKBO/BCE: BE 0400.131.235 subsidiary of #2 oldest company in East Flanders, Pharmaceuticals sector

Lifetime

20 annual accounts with figures on one time axis, 49 filings since 1977
peak €8.9m (2025)
€8.9m▲ 27.7%
lowest -€1.0m (2022)
€1.6m▲ €2.1m
peak €5.0m (2018)
€4.1m▲ 66.5%
€12.2m▲ 28.8%
peak 99.7 FTE (2024)
97 FTE▼ 2.7%
Board12 names since 2014
4 directors and 3 others
Owners3 names in the annual accounts
  
Documentsfilings and deeds
30-07-20261 day before the deadline
2025abbreviated format
Gross margin from €7.0m to €8.9mBack to profit: €1.6mEquity from €2.4m to €4.1mDebts from €9.5m to €12.2mInvestments €2.9mCash from €815,931 to €2.8m

Key points

from the 2025 annual accounts

Result

€1.6m €1.6m
-€464,0002024€1.6m2025

Back in profit in 2025, after a loss of €463,894 in 2024.

Debts

€12.2m 75% of the balance sheet
Financial debts 33%Suppliers 24%Taxes and wages 9%Other 34%

€4.2m of the debts are secured on the company's own assets. In 2021 that was €1.4m.

Investments

€2.9m 2.9 × depreciation
20212022202320242025

Green is investment, beige is depreciation. Land and buildings stand 43.5% higher than in 2024.

Staff

106 employees on 31-12-2025
3314202122182022422320232624202413152025

In 2025, 13 people joined and 15 left.

Filings

49 annual accounts since 1977
AprilJune31 JulyOctober1980199520102025

Six of the last ten came late. The 2021 accounts came latest: 148 days after the end of the period.

Position in the sector

€1.6m

Higher net result than 95% of companies in pharmaceuticals. Sector median -€4,260 · 84 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 377 companies had the same profile as Conforma has now. Each dot is one company, two years later.

97.3%
were still trading
2.4%
stopped another way
0.3%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 377 companies, not a prediction for Conforma. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Managing director,
Director, , since 27-06-2024
Director,
Director,
Auditor
  • 99%score equity €11.9m (2025) · 2025 annual accounts of
Board & ownership

Recent changes

1 statutory auditor appointed, 4 directors reappointed Reappointments: (managing director), , and · Permanent representatives: , , , and · Appointment: (statutory auditor) · General meeting of 27-06-2024 · Gazette deed
Amendment of the articles General meeting of 27-12-2023 · Gazette deed
Environmental permit granted Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies · Provincie Oost-Vlaanderen
1 director appointed, 4 reappointments, 1 statutory auditor reappointed Reappointments: (managing director), , , and (statutory auditor) · Permanent representatives: , , and · Appointment: (managing director) · General meeting of 25-10-2021 · Gazette deed
All 71 events

Comparable companies

same main activity, similar in size and age
Company
Conforma Destelbergen - - 25.0% 97
BIVIT Wevelgem - - 17.8% 23.5
Besins Manufacturing Belgium Ixelles €39.7m 7.1% 41.4% 104.7
Laboratoires Sterop Anderlecht €17.3m -1.5% 33.6% 101.5
Sanico Turnhout €22.3m 4.9% 54.9% 87.1
N.V. Farmaceutische Laboratoria Trenker Nivelles €29.0m 3.2% 39.4% 88.2
MEDGENIX BENELUX Wevelgem €42.9m 5.4% 44.5% 122.3

These companies have the same main activity as Conforma: manufacture of basic pharmaceutical products and pharmaceutical preparations (NACE 21201). They are comparable in size and age: total assets between €4.4m and €39m, founded between 1937 and 1989.

Official details

Source: KBO
Status
Active since 15-10-1957Normal situation
Activity
Manufacture of basic pharmaceutical products and pharmaceutical preparationsNACE 21201
Joint committees
116Chemical industry
207White-collar workers in the chemical industry · annual accounts 2025
Establishment unit
2.008.341.8449070 Destelbergen, since 01-10-1957
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

≈ €15.0mestimated
€16.3m▲ 36.6%
Employeeson 31-12-2025
106▼ 1.9%
Filing
Filed on 30-07-2026, 1 day before the end of the filing period
Financials

Insights on Conforma

Conforma files the abbreviated format. That format states no turnover. The gross margin rose from €1.9m in 2006 to €8.9m in 2025.

holds 99% of the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about Conforma

What is the company number of Conforma?
The company number of Conforma is 0400.131.235. The VAT number is the same number with BE in front: BE 0400.131.235.
Where is Conforma based?
The registered office is at Zenderstraat 10, 9070 Destelbergen.Company details
What does Conforma do?
According to the KBO register, the main activity is manufacture of basic pharmaceutical products and pharmaceutical preparations (NACE 21201).
What is the legal form of Conforma?
Conforma is a public limited company (NV).
When was Conforma founded?
Conforma was founded on 15-10-1957.
Is Conforma still active?
Yes, Conforma is an active enterprise in the KBO register.
How many employees does Conforma have?
Conforma had an average of 97 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Conforma fall under?
In its 2025 annual accounts, Conforma states joint committees 116 (Chemical industry) and 207 (White-collar workers in the chemical industry).
What is the turnover of Conforma?
The turnover in financial year 2025 is ≈ €15.0m. This figure is estimated from the gross margin of €8.9m and 1,585 comparable companies of the same size. It probably lies between €10.0m and €25.0m. It is a rough estimate.
Is Conforma profitable?
In financial year 2025, Conforma made a profit of €1.6m.
Where can I find the annual accounts of Conforma?
Conforma filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Conforma due?
Conforma must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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