DEVAPHAR
Judicial reorganisationSummary
The file of DEVAPHAR contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show equity of €654,190 and a net result of €49,077. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 57% of 26049 sector peers (fiscal year 2024).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Opened
- 26 May 2026
- Track
- Reorganisation by collective agreement
- Docket number
- 20260109
- Moratorium until
- 23 September 2026 (passed; an extension would be in a later judgment)
- Delegated judge
- Cedric Van Zeeland
- Official Gazette
- 02-06-2026 (pdf) ↗search the document for 2026/123124
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
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Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-23
Solvency65▲+6
Growth78=
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity tight (current ratio 1.48 against 1.27 in 2023; short-term debt: 59.8% and cash: 0.4% of total assets), and 59.8% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-11-2025, 106 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
106 d late
2023
1 d early
2022
140 d late
2021
116 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 81 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Retail sale of pharmaceutical products sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€49,077▼ 27.7%
2023 · €67,885
Working capital
€464,186▲ 48.3%
2023 · €313,099
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
Line20202021202220232024
Operating result€126,421▲ 215%€148,599▲ 17.5%€236,187▲ 58.9%€138,994▼ 41.2%€80,022▼ 42.4%
Net result€85,003above the sector's middle half▲ 304%€91,371within the sector's middle half▲ 7.5%€158,839above the sector's middle half▲ 73.8%€67,885above the sector's middle half▼ 57.3%€49,077above the sector's middle half▼ 27.7%
Equity€287,018above the sector's middle half▲ 42.1%€378,389within the sector's middle half▲ 31.8%€537,228above the sector's middle half▲ 42.0%€605,113above the sector's middle half▲ 12.6%€654,190above the sector's middle half▲ 8.1%
Total assets€650,787above the sector's middle half▲ 53.6%€721,052within the sector's middle half▲ 10.8%€1.1mabove the sector's middle half▲ 56.6%€1.8mabove the sector's middle half▲ 56.6%€1.6mabove the sector's middle half▼ 8.0%
Debt€363,769▲ 64.2%€342,663▼ 5.8%€591,740▲ 72.7%€1.2m▲ 96.4%€972,263▼ 16.4%
Working capital€223,038above the sector's middle half▲ 19.9%€273,251within the sector's middle half▲ 22.5%€389,756above the sector's middle half▲ 42.6%€313,099above the sector's middle half▼ 19.7%€464,186above the sector's middle half▲ 48.3%
Solvency44.1%within the sector's middle half▼ 3.6pp52.5%within the sector's middle half▲ 8.4pp47.6%within the sector's middle half▼ 4.9pp34.2%within the sector's middle half▼ 13.4pp40.2%within the sector's middle half▲ 6.0pp
Current ratio1.69within the sector's middle half▼ 0.421.85within the sector's middle half▲ 0.161.67within the sector's middle half▼ 0.181.27within the sector's middle half▼ 0.401.48within the sector's middle half▲ 0.21
Return on assets (ROA)13.1%within the sector's middle half▲ 8.1pp12.7%above the sector's middle half▼ 0.4pp14.1%above the sector's middle half▲ 1.4pp3.8%within the sector's middle half▼ 10.2pp3.0%within the sector's middle half▼ 0.8pp
Staff (FTE)2.3
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 has fallen two years in a row; 2024 is 42% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€190,004 ▼ 34.9%
Current assets
€1.4m ▼ 2.7%
Equity and liabilities €1.6m
Equity
€654,190 ▲ 8.1%
Debt
€972,263 ▼ 16.4%
Debt's share of the balance-sheet total falls from 65.8% to 59.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€106,665▼
2023 · €161,279
Cash flow
€75,720▼
2023 · €90,170
Quick ratio
1.29▲
2023 · 1.10
Debt to equity
1.49▼
2023 · 1.92
ROE
7.5%▼
2023 · 11.2%
Interest coverage
3.45▼
2023 · 6.79
Debt ≤ 1 year
€972,263▼
2023 · €1.2m
Staff costs
€123,419▲
2023 · €122,197
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,430 | - |
| Remuneration, social security and pensions62 | - | €38,261 | €71,774 | €122,197 | €123,419 | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,458 | €29,900 | €34,042 | €22,285 | €26,643 | ▲ 19.6% |
| Other operating charges640/8 | - | €940 | €42,704 | €32,243 | €15,904 | ▼ 50.7% |
| Non-recurring operating charges66A | - | - | - | - | €16,272 | - |
| Gross operating margin9900 | €175,837 | €217,699 | €384,708 | €315,719 | €262,261 | ▼ 16.9% |
| Operating profit (loss)9901 | €126,421 | €148,599 | €236,187 | €138,994 | €80,022 | ▼ 42.4% |
| Financial income75/76B | - | - | €24,109 | €3,760 | €12 | ▼ 99.7% |
| Recurring financial income75 | - | - | €24,109 | €3,760 | €12 | ▼ 99.7% |
| Financial charges65/66B | - | €13,233 | €19,544 | €23,743 | €30,957 | ▲ 30.4% |
| Recurring financial charges65 | €7,361 | €13,233 | €19,544 | €23,743 | €30,957 | ▲ 30.4% |
| Profit (loss) for the period before taxes9903 | €119,060 | €135,366 | €240,752 | €119,011 | €49,077 | ▼ 58.8% |
| Income taxes67/77 | €34,057 | €43,995 | €81,913 | €51,125 | - | - |
| Profit (loss) for the period9904 | €85,003 | €91,371 | €158,839 | €67,885 | €49,077 | ▼ 27.7% |
| Transfer to tax-exempt reserves689 | - | €91,371 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €85,003 | - | €158,839 | €67,885 | €49,077 | ▼ 27.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €650,787 | €721,052 | €1.1m | €1.8m | €1.6m | ▼ 8.0% |
| Fixed assets21/28 | €102,813 | €125,676 | €153,856 | €292,014 | €190,004 | ▼ 34.9% |
| Intangible fixed assets21 | - | - | - | €4,584 | €2,922 | ▼ 36.3% |
| Tangible fixed assets22/27 | €101,180 | €124,042 | €152,428 | €286,002 | €185,654 | ▼ 35.1% |
| Land and buildings22 | - | €2,636 | €947 | €947 | - | - |
| Plant, machinery and equipment23 | - | €53,485 | €99,318 | €120,980 | €112,646 | ▼ 6.9% |
| Furniture and vehicles24 | - | €67,921 | €52,163 | €164,074 | €62,856 | ▼ 61.7% |
| Other tangible fixed assets26 | - | - | - | - | €10,152 | - |
| Financial fixed assets28 | €1,633 | €1,633 | €1,428 | €1,428 | €1,428 | = |
| Current assets29/58 | €547,974 | €595,376 | €975,113 | €1.5m | €1.4m | ▼ 2.7% |
| Amounts receivable after more than one year29 | - | - | - | - | €197,904 | - |
| Other amounts receivable291 | - | - | - | - | €197,904 | - |
| Stocks and contracts in progress3 | €42,865 | €42,865 | €42,868 | €195,927 | €183,340 | ▼ 6.4% |
| Stocks30/36 | - | €42,865 | €42,868 | €195,927 | €183,340 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €361,792 | €467,533 | €804,189 | €1.1m | €1.0m | ▼ 10.0% |
| Trade receivables40 | - | - | €35,057 | €92,874 | €318,736 | ▲ 243% |
| Other amounts receivable41 | - | €467,533 | €769,132 | €1.1m | €713,803 | ▼ 32.3% |
| Current investments50/53 | €2,000 | €32,000 | €84,540 | €29,903 | €13,631 | ▼ 54.4% |
| Cash at bank and in hand54/58 | €141,317 | €52,593 | €42,026 | €5,590 | €6,289 | ▲ 12.5% |
| Deferred charges and accrued income490/1 | - | €385 | €1,490 | €96,405 | €2,745 | ▼ 97.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €650,787 | €721,052 | €1.1m | €1.8m | €1.6m | ▼ 8.0% |
| Equity10/15 | €287,018 | €378,389 | €537,228 | €605,113 | €654,190 | ▲ 8.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €280,818 | €372,189 | €372,189 | €372,189 | €372,189 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | €370,189 | - | - | - | - |
| Distributable reserves133 | - | - | €370,189 | €370,189 | €370,189 | = |
| Profit (loss) carried forward14 | - | - | €158,839 | €226,724 | €275,801 | ▲ 21.6% |
| Amounts payable17/49 | €363,769 | €342,663 | €591,740 | €1.2m | €972,263 | ▼ 16.4% |
| Amounts payable after more than one year17 | €38,834 | €20,537 | €6,384 | €0 | - | - |
| Financial debts170/4 | - | €20,537 | €6,384 | €0 | - | - |
| Amounts payable within one year42/48 | €324,936 | €322,125 | €585,356 | €1.2m | €972,263 | ▼ 16.4% |
| Current portion of amounts payable after more than one year42 | - | €18,296 | €8,476 | €9,487 | - | - |
| Financial debts43 | - | - | €61,965 | €80,447 | €75,931 | ▼ 5.6% |
| Credit institutions430/8 | - | - | €61,965 | €80,447 | €75,931 | ▼ 5.6% |
| Trade debts44 | €227,749 | €184,478 | €310,607 | €878,966 | €738,914 | ▼ 15.9% |
| Suppliers440/4 | - | €184,478 | €310,607 | €878,966 | €738,914 | ▼ 15.9% |
| Taxes, remuneration and social security45 | - | €88,796 | €173,752 | €143,006 | €106,418 | ▼ 25.6% |
| Taxes450/3 | - | €79,291 | €162,936 | €133,622 | €79,393 | ▼ 40.6% |
| Remuneration and social security454/9 | - | €9,505 | €10,816 | €9,384 | €27,024 | ▲ 188% |
| Other amounts payable47/48 | - | €30,556 | €30,556 | €50,556 | €51,000 | ▲ 0.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85,003 | €91,371 | €158,839 | €67,885 | €49,077 | ▼ 27.7% |
| + Depreciation and write-downs630 | €18,458 | €29,900 | €34,042 | €22,285 | €26,643 | ▲ 19.6% |
| Operating cash flow (approximation) | €103,462 | €121,271 | €192,882 | €90,170 | €75,720 | ▼ 16.0% |
| Investment in fixed assets (approximation) | - | -€52,762 | -€62,223 | -€160,443 | €75,367 | ▲ 147% |
| Change in cash | - | -€88,724 | -€10,567 | -€36,436 | €699 | ▲ 102% |
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
2026
02-06
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement (SME) · event 26-05-2026
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 106 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 140 days late
2022
31-12
Financial
Highest result since 2018net €158,839 ▲73.8%
Operating result €236,187, net result €158,839, both a record.
31-12
Financial
Equity above €500,000Eq €537,228 ▲42%
5 profitable years in a row build equity to €537,228.
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 116 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €21,029 ▼33.8%
Net result drops to €21,029, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €202,015 ▲11.6%
2 profitable years in a row build equity to €202,015.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
Show earlier events
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial 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, Brussel · 2 establishment units since 2001
Ground area
1,737 m²
Building footprint
1,348 m²
Volume, LiDAR
25,581 m³
3 parcels, Brussels, Flanders · tallest building 30.6 m, ±7 floors. Linked by address, not a title deed.
75
companies at this address
See who is registered here
2 establishment units
Neerstallesteenweg 485, 1180 Ukkel
since 20012.100.261.915
PHARMACIE APOTEEK
since 20012.100.262.014
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0121/00B008 | Brussels | 1,451 m² | 1 · 1,103 m² | 30.6 m · 7 fl. |
| 22001B0108/00W005 | Flanders | 169 m² | 1 · 131 m² | 11.8 m · 3 fl. |
| 21616G0097/00S006 | Brussels | 117 m² | 1 · 114 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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 siteDrogenbos2.100.262.014
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Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 3,250 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
Founded03-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474481042
Registered
07-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.