Summary
DPHARMA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.3m and a net result of €123,673. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 67% of 6,680 sector peers (NACE 64, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €1.3m
- Profit
- €123,673
Signalsraises risk2025 accounts filed 26 days lateShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
This company filed its last 7 accounts on average 33 days after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2018 to 2025net €123,673 ▲9.3%
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00429324.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 24% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | €3,116 | €6,575 | €6,575 | €6,575 | €6,575 | = |
| Other operating charges640/8 | - | - | - | €1,393 | €1,742 | €1,238 | €1,258 | €1,296 | ▲ 3.0% |
| Gross operating margin9900 | €136,579 | €136,482 | €136,070 | €155,000 | €169,327 | €176,155 | €200,680 | €154,161 | ▼ 23.2% |
| Operating profit (loss)9901 | €134,785 | €133,087 | €134,728 | €150,491 | €161,009 | €168,342 | €192,847 | €146,289 | ▼ 24.1% |
| Financial income75/76B | - | - | - | €1 | - | - | - | €44,000 | - |
| Recurring financial income75 | - | €0 | €0 | €1 | - | - | - | €44,000 | - |
| Financial charges65/66B | - | - | - | €21,392 | €18,284 | €24,489 | €33,386 | €30,015 | ▼ 10.1% |
| Recurring financial charges65 | €23,359 | €22,416 | €21,458 | €21,392 | €18,284 | €24,489 | €33,386 | €30,015 | ▼ 10.1% |
| Profit (loss) for the period before taxes9903 | €111,425 | €110,671 | €113,271 | €129,100 | €142,725 | €143,852 | €159,461 | €160,274 | ▲ 0.5% |
| Income taxes67/77 | €32,057 | €31,751 | €31,795 | €36,670 | €40,995 | €41,366 | €46,338 | €36,601 | ▼ 21.0% |
| Profit (loss) for the period9904 | €79,368 | €78,920 | €81,476 | €92,429 | €101,731 | €102,487 | €113,123 | €123,673 | ▲ 9.3% |
| Profit (loss) for the period to be appropriated9905 | €79,368 | €78,920 | €81,476 | €92,429 | €101,731 | €102,487 | €113,123 | €123,673 | ▲ 9.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.5m | €1.5m | €1.2m | €1.2m | €1.6m | €1.7m | €1.7m | €1.8m | ▲ 4.7% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.6% |
| Tangible fixed assets22/27 | - | - | - | €0.03m | €0.02m | €0.02m | €0.01m | €0.003m | ▼ 65.5% |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €0.003m | - |
| Leasing and similar rights25 | - | - | - | €0.03m | €0.02m | €0.02m | €0.01m | €0 | ▼ 100% |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €0.4m | €0.4m | €0.1m | €0.1m | €0.5m | €0.5m | €0.6m | €0.7m | ▲ 14.4% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.02m | €0.02m | €0.4m | €0.5m | €0.6m | €0.7m | ▲ 15.9% |
| Trade receivables40 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 11.6% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.4m | €0.5m | €0.6m | €0.7m | ▲ 16.0% |
| Cash at bank and in hand54/58 | €0.09m | €0.1m | €0.09m | €0.08m | €0.07m | €0.05m | €0.02m | €0.01m | ▼ 31.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 5.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.2m | €1.2m | €1.6m | €1.7m | €1.7m | €1.8m | ▲ 4.7% |
| Equity10/15 | €0.6m | €0.6m | €0.7m | €0.8m | €0.9m | €1.0m | €1.1m | €1.3m | ▲ 11.0% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.5m | €0.6m | €0.7m | €0.8m | €0.9m | €1.0m | €1.1m | €1.2m | ▲ 11.1% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.8m | €0.9m | €1.0m | €1.1m | €1.2m | ▲ 11.1% |
| Amounts payable17/49 | €0.9m | €0.8m | €0.5m | €0.4m | €0.7m | €0.6m | €0.6m | €0.6m | ▼ 6.9% |
| Amounts payable after more than one year17 | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | €0.06m | ▼ 49.7% |
| Financial debts170/4 | - | - | - | €0.3m | €0.2m | €0.2m | €0.1m | €0.06m | ▼ 49.7% |
| Amounts payable within one year42/48 | €0.5m | €0.4m | €0.2m | €0.1m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 3.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | ▼ 7.3% |
| Financial debts43 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 19.3% |
| Credit institutions430/8 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 19.3% |
| Trade debts44 | €0.001m | €0.001m | - | €0.003m | €0.001m | €0.001m | €0.001m | €98 | ▼ 85.1% |
| Suppliers440/4 | - | - | - | €0.003m | €0.001m | €0.001m | €0.001m | €98 | ▼ 85.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.007m | €0.02m | €0.01m | €0.02m | €0.02m | ▲ 10.2% |
| Taxes450/3 | - | - | - | €0.007m | €0.02m | €0.01m | €0.02m | €0.02m | ▲ 10.2% |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 5.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79,368 | €78,920 | €81,476 | €92,429 | €101,731 | €102,487 | €113,123 | €123,673 | ▲ 9.3% |
| + Depreciation and write-downs630 | €0 | - | - | €3,116 | €6,575 | €6,575 | €6,575 | €6,575 | = |
| Operating cash flow (approximation) | €79,368 | €78,920 | €81,476 | €95,546 | €108,306 | €109,062 | €119,699 | €130,248 | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€32,876 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €9,106 | -€1,188 | -€15,772 | -€9,862 | -€20,359 | -€28,691 | -€5,989 | ▲ 79.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00429324 |
| 31-12-2024 | full format | 28-08-2025 | 2025-00427085 |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00420697 |
| 31-12-2022 | full format | 29-08-2023 | 2023-00370805 |
| 31-12-2021 | full format | 28-08-2022 | 2022-20339906 |
| 31-12-2020 | full format | 30-08-2021 | 2021-57900164 |
| 31-12-2019 | full format | 29-09-2020 | 2020-57700455 |
| 31-12-2018 | full format | 26-08-2019 | 2019-51500334 |
| 31-12-2017 | full format | 14-08-2018 | 2018-46600252 |
| 31-12-2016 | full format | 08-08-2017 | 2017-42800195 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DETRY Vanessa |
|
Owners and capital
Capital and shareholders
- 26-04-2023 Converted to unavailable equity
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
According to the 2025 annual accounts of DPHARMA and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
26-04
Gazette deed
Appointment: DETRY Vanessa (director)Resignation: DETRY Vanessa (manager) · Purpose change · Legal form clause12 facts ▸
- General meeting, 05-04-2023
- Purpose change
- Legal form clause, “adaptation des statuts au Code des sociétés et des associations et conservation de la forme légale, société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “formes et majorités de la modification des statuts, dissolution du compte de capitaux propres créé par application de l'article 39,§2,troisième alinéa” (deed in French)
- Amendment of the articles
- Share issue, “Chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation, En rémunération des apports” (deed in French)
- Director appointment, DETRY Vanessa (director (not named in the articles))
- Director resignation, DETRY Vanessa (manager)
- Power of attorney
- Power of attorney, Herbert HOUBEN
- Registered office clause, “6687 Bertogne,Route de Houffalize 4” (deed in French)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 82005B1947/00E000 | Wallonia | 973 m² | 1 · 207 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Gestion des pharmacies; Commerce de détail par correspondance ou par Internet; Autres activités informatiques; Traitement de…” (deed in French)
26 activities (deed in French)
- Gestion des pharmacies
- Commerce de détail par correspondance ou par Internet
- Autres activités informatiques
- Traitement de données,hébergement et activités connexes
- Activités de gestion de holdings : intervention dans la gestion journalière,représentation des entreprises sur base de la possession ou du contrôle du capital social,etc.
- Détention à long terme des actions émanant de plusieurs autres entreprises classées dans différents secteurs économiques
- Autres activités auxiliaires de services financiers,hors assurance et caisses de retraite
- Activités des marchands de biens immobiliers
- Location et exploitation de biens immobiliers résidentiels propres ou loués,sauf logements sociaux
- Location et exploitation de logements sociaux
- Location et exploitation de biens immobiliers non résidentiels propres ou loués,sauf terrains
- Location et exploitation de terrains
- Conseil en relations publiques et en communication
- Conseil pour les affaires et autres conseils de gestion
- Location d'autres biens personnels et domestiques
- Services administratifs combinés de bureau
- Autres activités de soutien aux entreprises
- La gestion de pharmacies
- Toute activité de gestion,d’administration,de direction et d’organisation de toutes sociétés
- L’activité de conseil en matière financière,technique,informatique,marketing,commerciale et administrative,au sens large,l’assistance et la fourniture de services,directement ou indirectement,dans le domaine administratif,informatique et financier,dans les ventes,la production ou la gestion en général
- La prise de participation directe ou indirecte dans toutes sociétés ou entreprises commerciales,industrielles,financières,mobilières et immobilières
- La participation à la création et au développement d’entreprises industrielles,commerciales,financières ou immobilières et l’assistance de ces entreprises,que ce soit par des prêts,des avances,des garanties ou de toute autre manière
- La gestion au sens large de toutes sociétés ou entreprises de droit belge ou de droit étranger,commerciales,industrielles,financières,mobilières et immobilières et de pharmacies. A cet effet,elle peut notamment accomplir tous actes généralement quelconques nécessaires ou utiles à la réalisation de l'objet social des sociétés dont elle exerce ou contrôle la gestion,ou à la gestion desquelles elle participe,ainsi que les actes imposés par la loi auxdites sociétés,eu égard á leur objet social
- Le contrôle de la gestion desdites entreprises ou la participation à celle-ci par la prise de tous mandats au sein desdites sociétés ou entreprises
- L'achat,l'administration,la vente de toutes valeurs mobilières et immobilières,de tous droits sociaux et d'une manière plus générale toutes opérations de gestion du portefeuille ainsi constitué; la gestion de patrimoine
- La société a également pour objet la réalisation d'opérations d'achat,de vente,de location d'immeubles,ainsi que les opérations de promotion associées à Ia réalisation de magasins de grande surface
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DPHARMA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, adresse transférable en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique par…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommés avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, inscrites dans le registre des actions nominatives avec mentions requises par le Code des sociétés et des associations…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Saturday of May at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)