FARMAPHAR
ActiveFARMAPHAR has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €96k. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 18% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency12▼-8
Growth58▼-20
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.98 in 2024), and 92.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · 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
7.4%
Return on assets
15.2%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 10242 sector peers (2025).
NBB · sector comparisonPosition among 10242 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
14 d early
2023
23 d early
2022
30 d late
2021
3 d late
2020
4 d early
2019
1 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€47k▼ 61.5%
2024 · €122k
2018: €106k
2019: €153k
2020: €208k
2021: €249k
2022: €312k
2023: €374k
2024: €122k
2018 → 2025
Total assets
€635k▼ 30.2%
2024 · €909k
2018: €523k
2019: €561k
2020: €603k
2021: €698k
2022: €759k
2023: €829k
2024: €909k
2018 → 2025
Net result
€96k▲ 102%
2024 · €48k
2018: €38k
2019: €46k
2020: €55k
2021: €71k
2022: €81k
2023: €62k
2024: €48k
2018 → 2025
Working capital
€-102k▼ 657%
2024 · €-14k
2018: €-117k
2019: €-66k
2020: €-6k
2021: €59k
2022: €147k
2023: €225k
2024: €-14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€249k-€312k▲ 25.4%€374k▲ 20.0%€122k▼ 67.4%€47k▼ 61.5%
Operating result€117k-€137k▲ 17.1%€124k▼ 9.5%€108k▼ 12.4%€135k▲ 25.0%
Net result€71k-€81k▲ 14.5%€62k▼ 22.9%€48k▼ 23.6%€96k▲ 102%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €635k
Fixed assets
€152k▼ 6.0%
Current assets
€483k▼ 35.4%
Equity and liabilities €635k
Equity
€47k▼ 61.5%
Debt
€588k▼ 25.3%
The debt ratio rises from 86.6% to 92.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€145k▲
2024 · €117k
Cash flow
€106k▲
2024 · €57k
Solvency
7.4%▼
2024 · 13.4%
Current ratio
0.83▼
2024 · 0.98
Quick ratio
0.64▼
2024 · 0.85
Debt / equity
12.54▲
2024 · 6.46
ROE
205.6%▲
2024 · 39.1%
ROA
15.2%▲
2024 · 5.2%
Interest coverage
10.26▲
2024 · 2.45
Debt
€588k▼
2024 · €787k
Debt ≤ 1 year
€585k▼
2024 · €761k
Income taxes
€33k▲
2024 · €17k
Staff costs
€103k▲
2024 · €62k
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€909k€635k▼
Fixed assets21/28€162k€152k▼
Tangible fixed assets22/27€162k€152k▼
Land and buildings22€153k€146k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€2k€2k▼
Current assets29/58€748k€483k▼
Stocks and contracts in progress3€104k€107k▲
Stocks30/36€104k€107k▲
Amounts receivable within one year40/41€59k€87k▲
Trade receivables40€44k€85k▲
Other amounts receivable41€15k€2k▼
Current investments50/53€290k-
Cash at bank and in hand54/58€281k€286k▲
Deferred charges and accrued income490/1€14k€3k▼
Equity and liabilities
Total equity and liabilities10/49€909k€635k▼
Equity10/15€122k€47k▼
Contributions10/11€19k€19k=
Reserves13€103k€28k▼
Distributable reserves133€103k€28k▼
Amounts payable17/49€787k€588k▼
Amounts payable within one year42/48€761k€585k▼
Trade debts44€44k€68k▲
Suppliers440/4€44k€68k▲
Taxes, remuneration and social security45€13k€17k▲
Taxes450/3€10k€5k▼
Remuneration and social security454/9€3k€12k▲
Other amounts payable47/48€704k€501k▼
Accrued charges and deferred income492/3€26k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€62k€103k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€956€805▼
Gross operating margin9900€181k€249k▲
Operating profit (loss)9901€108k€135k▲
Financial income75/76B€4k€8k▲
Recurring financial income75€4k€8k▲
Financial charges65/66B€48k€14k▼
Recurring financial charges65€48k€14k▼
Profit (loss) for the period before taxes9903€65k€129k▲
Income taxes67/77€17k€33k▲
Profit (loss) for the period9904€48k€96k▲
Profit (loss) for the period to be appropriated9905€48k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€48k€96k▲
Transfer from equity791/2€252k€75k▼
Profit to be distributed694/7€300k€171k▼
Return on contributions (dividend)694€300k€171k▼
Social balance
Average headcount (FTE)90870.71.0▲
The notes to these accounts (4 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €96k ▲102%
Net result €96k, the highest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €208k ▲36.3%
3 profitable years in a row build equity to €208k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €153k ▲43.8%
2 profitable years in a row build equity to €153k.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Katelijne-Waver · 1 establishment unit since 2015
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.
Clemenceaustraat 432860 Sint-Katelijne-WaverGround area
1,243 m²
Building footprint
537 m²
Volume, LiDAR
2,508 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FARMAPHAR
since 20152.241.509.652
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422C0146/00L000 | Flanders | 692 m² | 1 · 341 m² | 9.1 m · 1 fl. |
| 12035E0416/00H007 | Flanders | 551 m² | 1 · 196 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 30 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 30 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Katelijne-Waver2.241.509.652
Similar companies · same sector, comparable size
PHARMACIE KLIPVELD
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KESTEMONT OPTI
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SULAYMAN
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BIOLOGIE CLINIQUE ANNE TAMIGNIAU
BE 0688.965.165
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Of 5,209 companies in sector 47730 we hold annual accounts for 3,851. 2,664 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-03-2015
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:015212293