DISTEPHAR
ActiveDISTEPHAR has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €223k and a net result of €68k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 10331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-2
Solvency47▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.37 in 2024; short-term debt: 63.4% and cash: 12.5% of total assets), and 77.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 47
higher
← 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
22.2%
Return on assets
6.7%
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 21-08-2026, 21 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
21 d late
2024
27 d late
2023
29 d late
2022
21 d late
2021
8 d late
2020
52 d early
2019
47 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€223k▲ 4.1%
2024 · €215k
2018: €92k
2019: €173k
2020: €181k
2021: €190k
2022: €191k
2023: €204k
2024: €215k
2018 → 2025
Total assets
€1.01M▲ 39.4%
2024 · €721k
2018: €1.16M
2019: €1.01M
2020: €1.01M
2021: €1.00M
2022: €918k
2023: €946k
2024: €721k
2018 → 2025
Net result
€68k▲ 20.2%
2024 · €56k
2018: €8k
2019: €81k
2020: €53k
2021: €60k
2022: €23k
2023: €62k
2024: €56k
2018 → 2025
Working capital
€136k▲ 11.7%
2024 · €122k
2018: €64k
2019: €115k
2020: €107k
2021: €116k
2022: €125k
2023: €99k
2024: €122k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€190k-€191k▲ 0.9%€204k▲ 6.7%€215k▲ 5.1%€223k▲ 4.1%
Operating result€76k-€41k▼ 45.5%€82k▲ 98.0%€75k▼ 8.8%€88k▲ 17.8%
Net result€60k-€23k▼ 60.8%€62k▲ 165%€56k▼ 8.9%€68k▲ 20.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.01M
Fixed assets
€232k▼ 13.2%
Current assets
€773k▲ 70.5%
Equity and liabilities €1.01M
Equity
€223k▲ 4.1%
Debt
€782k▲ 54.4%
The debt ratio rises from 70.2% to 77.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€134k▲
2024 · €121k
Cash flow
€114k▲
2024 · €103k
Solvency
22.2%▼
2024 · 29.8%
Current ratio
1.21▼
2024 · 1.37
Quick ratio
0.93▲
2024 · 0.87
Debt / equity
3.50▲
2024 · 2.36
ROE
30.3%▲
2024 · 26.3%
ROA
6.7%▼
2024 · 7.8%
Interest coverage
8.42▼
2024 · 8.59
Debt
€782k▲
2024 · €507k
Debt ≤ 1 year
€638k▲
2024 · €332k
Debt > 1 year
€144k▼
2024 · €175k
Income taxes
€5k▼
2024 · €6k
Staff costs
€158k▲
2024 · €135k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€721k€1.01M▲
Fixed assets21/28€267k€232k▼
Tangible fixed assets22/27€267k€232k▼
Plant, machinery and equipment23€3k€696▼
Leasing and similar rights25€182k€157k▼
Other tangible fixed assets26€83k€74k▼
Current assets29/58€454k€773k▲
Stocks and contracts in progress3€166k€178k▲
Stocks30/36€166k€178k▲
Amounts receivable within one year40/41€132k€464k▲
Trade receivables40€132k€464k▲
Other amounts receivable41€199€7▼
Cash at bank and in hand54/58€153k€126k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€721k€1.01M▲
Equity10/15€215k€223k▲
Contributions10/11€79k€79k=
Reserves13€52k€60k▲
Distributable reserves133€52k€60k▲
Profit (loss) carried forward14€84k€84k=
Amounts payable17/49€507k€782k▲
Amounts payable after more than one year17€175k€144k▼
Financial debts170/4€175k€144k▼
Amounts payable within one year42/48€332k€638k▲
Current portion of amounts payable after more than one year42€35k€30k▼
Trade debts44€96k€356k▲
Suppliers440/4€96k€356k▲
Advances received on contracts in progress46€116-
Taxes, remuneration and social security45€26k€51k▲
Taxes450/3€9k€32k▲
Remuneration and social security454/9€17k€19k▲
Other amounts payable47/48€175k€201k▲
Accrued charges and deferred income492/3-€226
Income statement
Code20242025
Remuneration, social security and pensions62€135k€158k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€47k▼
Other operating charges640/8€1k€4k▲
Gross operating margin9900€258k€296k▲
Operating profit (loss)9901€75k€88k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€14k€16k▲
Recurring financial charges65€14k€16k▲
Profit (loss) for the period before taxes9903€63k€73k▲
Income taxes67/77€6k€5k▼
Profit (loss) for the period9904€56k€68k▲
Profit (loss) for the period to be appropriated9905€56k€68k▲
Appropriation of the result
Profit (loss) to be appropriated9906€140k€151k▲
Profit (loss) brought forward from the previous period14P€84k€84k=
Transfer to equity691/2€10k€9k▼
To other reserves6921€10k€9k▼
Profit to be distributed694/7€46k€59k▲
Directors or managers695€46k€59k▲
Social balance
Average headcount (FTE)90871.81.9▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Equity above €200kEq €204k ▲6.7%
6 profitable years in a row build equity to €204k.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
31-12
Financial
Highest result since 2018net €81k ▲863%
Operating result €108k, net result €81k, both a record.
31-12
Financial
Equity above €150kEq €173k ▲87.8%
2 profitable years in a row build equity to €173k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zedelgem · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stationsstraat 78210 ZedelgemGround area
1,668 m²
Building footprint
278 m²
Volume, LiDAR
2,232 m³
Parcel 31017C0400/00S002, Flanders · tallest building 18.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Distephar
since 20062.159.765.079
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31017C0400/00S002 | Flanders | 1,668 m² | 1 · 278 m² | 18.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Apotheek Rechtstro
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R&B FARMA
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APOTHEEK KOEN D'HAEYERE
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Of 5,222 companies in sector 47730 we hold annual accounts for 3,861. 3,545 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2006
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
52310
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.