FDM PHARMA
ActiveSummary
FDM PHARMA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €357,146. Equity is growing by ~28.7% per year across the filed fiscal years. Its solvency ranks better than 77% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+3
Solvency90▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 5.03 against 1.86 in 2024; short-term debt: 11.3% and cash: 18.9% of total assets), and 34.9% of the assets are financed with debt.
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Signals
Five 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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
65.1%
Return on assets
12.6%
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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
4 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
27 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 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 (2)
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. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€357,146▲ 15.7%
2024 · €308,750
Working capital
€1.3m▲ 60.5%
2024 · €809,133
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
Line20212022202320242025
Operating result€254,178▲ 53.9%€407,239▲ 60.2%€447,954▲ 10.0%€512,774▲ 14.5%€577,910▲ 12.7%
Net result€131,710above the sector's middle half▲ 13.4%€234,549above the sector's middle half▲ 78.1%€278,226above the sector's middle half▲ 18.6%€308,750above the sector's middle half▲ 11.0%€357,146above the sector's middle half▲ 15.7%
Equity€671,162within the sector's middle half▲ 24.4%€905,711above the sector's middle half▲ 34.9%€1.2mabove the sector's middle half▲ 30.7%€1.5mabove the sector's middle half▲ 26.1%€1.8mabove the sector's middle half▲ 23.9%
Total assets€2.0mwithin the sector's middle half▲ 82.9%€3.0mabove the sector's middle half▲ 46.3%€3.2mabove the sector's middle half▲ 6.8%€3.3mabove the sector's middle half▲ 2.1%€2.8mabove the sector's middle half▼ 13.1%
Debt€1.4m▲ 137%€2.1m▲ 51.8%€2.0m▼ 3.5%€1.8m▼ 11.9%€990,519▼ 44.2%
Working capital€484,116above the sector's middle half▲ 577%€95,795within the sector's middle half▼ 80.2%€323,903within the sector's middle half▲ 238%€809,133above the sector's middle half▲ 150%€1.3mabove the sector's middle half▲ 60.5%
Solvency32.8%within the sector's middle half▼ 15.4pp30.3%within the sector's middle half▼ 2.5pp37.0%within the sector's middle half▲ 6.8pp45.7%within the sector's middle half▲ 8.7pp65.1%above the sector's middle half▲ 19.4pp
Current ratio2.17within the sector's middle half▲ 0.061.07within the sector's middle half▼ 1.101.28within the sector's middle half▲ 0.211.86within the sector's middle half▲ 0.585.03above the sector's middle half▲ 3.17
Return on assets (ROA)6.4%within the sector's middle half▼ 3.9pp7.8%within the sector's middle half▲ 1.4pp8.7%within the sector's middle half▲ 0.9pp9.5%within the sector's middle half▲ 0.8pp12.6%above the sector's middle half▲ 3.1pp
Staff (FTE)1.6below the sector's middle half1.9below the sector's middle half▲ 18.8%1.7below the sector's middle half▼ 10.5%1.8below the sector's middle half▲ 5.9%3within the sector's middle half▲ 66.7%
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 risen four years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€1.2m ▼ 19.8%
Current assets
€1.6m ▼ 7.2%
Equity and liabilities €2.8m
Equity
€1.8m ▲ 23.9%
Debt
€990,519 ▼ 44.2%
Debt's share of the balance-sheet total falls from 54.3% to 34.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€881,311▲
2024 · €814,947
Cash flow
€660,547▲
2024 · €610,924
Quick ratio
4.01▲
2024 · 1.54
Debt to equity
0.54▼
2024 · 1.19
ROE
19.3%▼
2024 · 20.7%
Interest coverage
29.70▲
2024 · 24.43
Debt ≤ 1 year
€322,116▼
2024 · €936,873
Debt > 1 year
€668,402▼
2024 · €837,320
Income taxes
€194,377▲
2024 · €175,207
Staff costs
€156,927▲
2024 · €80,333
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €78,930 | €90,270 | €80,824 | €80,333 | €156,927 | ▲ 95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €149,670 | €250,229 | €251,368 | €302,174 | €303,401 | ▲ 0.4% |
| Other operating charges640/8 | €3,132 | €8,731 | €4,672 | €4,287 | €6,004 | ▲ 40.1% |
| Gross operating margin9900 | €485,909 | €756,470 | €784,817 | €899,567 | €1.0m | ▲ 16.1% |
| Operating profit (loss)9901 | €254,178 | €407,239 | €447,954 | €512,774 | €577,910 | ▲ 12.7% |
| Financial income75/76B | €162 | €2,938 | €7,128 | €4,548 | €3,291 | ▼ 27.6% |
| Recurring financial income75 | €162 | €2,938 | €7,128 | €4,548 | €3,291 | ▼ 27.6% |
| Financial charges65/66B | €18,780 | €18,860 | €18,638 | €33,365 | €29,677 | ▼ 11.1% |
| Recurring financial charges65 | €18,780 | €18,860 | €18,638 | €33,365 | €29,677 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €235,559 | €391,317 | €436,444 | €483,957 | €551,523 | ▲ 14.0% |
| Income taxes67/77 | €103,849 | €156,768 | €158,218 | €175,207 | €194,377 | ▲ 10.9% |
| Profit (loss) for the period9904 | €131,710 | €234,549 | €278,226 | €308,750 | €357,146 | ▲ 15.7% |
| Transfer to tax-exempt reserves689 | - | - | - | €84,200 | €126,300 | ▲ 50.0% |
| Profit (loss) for the period to be appropriated9905 | €131,710 | €234,549 | €278,226 | €224,550 | €230,846 | ▲ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €3.0m | €3.2m | €3.3m | €2.8m | ▼ 13.1% |
| Fixed assets21/28 | €1.2m | €1.6m | €1.7m | €1.5m | €1.2m | ▼ 19.8% |
| Intangible fixed assets21 | €548,298 | €1.0m | €780,229 | €541,936 | €303,642 | ▼ 44.0% |
| Tangible fixed assets22/27 | €167,788 | €164,546 | €500,757 | €544,197 | €481,479 | ▼ 11.5% |
| Land and buildings22 | €161,640 | €157,950 | €141,517 | €130,890 | €120,263 | ▼ 8.1% |
| Plant, machinery and equipment23 | €705 | €2,120 | €16,323 | €14,636 | €12,215 | ▼ 16.5% |
| Furniture and vehicles24 | €3,793 | €3,376 | €20,194 | €14,535 | €12,217 | ▼ 15.9% |
| Leasing and similar rights25 | - | - | - | €91,731 | €76,876 | ▼ 16.2% |
| Other tangible fixed assets26 | €1,650 | €1,100 | €322,724 | €292,404 | €259,909 | ▼ 11.1% |
| Financial fixed assets28 | €434,741 | €434,741 | €434,741 | €434,741 | €434,741 | = |
| Current assets29/58 | €896,193 | €1.4m | €1.5m | €1.7m | €1.6m | ▼ 7.2% |
| Stocks and contracts in progress3 | €129,187 | €180,289 | €265,420 | €300,365 | €330,031 | ▲ 9.9% |
| Stocks30/36 | €129,187 | €180,289 | €265,420 | €300,365 | €330,031 | ▲ 9.9% |
| Amounts receivable within one year40/41 | €33,866 | €49,021 | €24,803 | €30,144 | €25,501 | ▼ 15.4% |
| Trade receivables40 | €6,174 | €47,134 | €22,649 | €21,570 | €13,893 | ▼ 35.6% |
| Other amounts receivable41 | €27,692 | €1,887 | €2,154 | €8,574 | €11,608 | ▲ 35.4% |
| Current investments50/53 | - | - | - | - | €500,000 | - |
| Cash at bank and in hand54/58 | €623,311 | €976,892 | €1.0m | €1.2m | €537,485 | ▼ 54.1% |
| Deferred charges and accrued income490/1 | €109,829 | €177,202 | €191,370 | €245,294 | €227,472 | ▼ 7.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €3.0m | €3.2m | €3.3m | €2.8m | ▼ 13.1% |
| Equity10/15 | €671,162 | €905,711 | €1.2m | €1.5m | €1.8m | ▲ 23.9% |
| Contributions10/11 | €14,260 | €14,260 | €14,260 | €14,260 | €14,260 | = |
| Reserves13 | €293,220 | €527,769 | €805,994 | €1.1m | €1.5m | ▲ 32.0% |
| Tax-exempt reserves132 | - | - | - | €84,200 | €210,500 | ▲ 150% |
| Distributable reserves133 | €293,220 | €527,769 | €805,994 | €1.0m | €1.3m | ▲ 22.4% |
| Profit (loss) carried forward14 | €363,682 | €363,682 | €363,682 | €363,682 | €363,682 | = |
| Amounts payable17/49 | €1.4m | €2.1m | €2.0m | €1.8m | €990,519 | ▼ 44.2% |
| Amounts payable after more than one year17 | €962,344 | €800,547 | €855,183 | €837,320 | €668,402 | ▼ 20.2% |
| Financial debts170/4 | €962,344 | €800,547 | €855,183 | €837,320 | €668,402 | ▼ 20.2% |
| Amounts payable within one year42/48 | €412,077 | €1.3m | €1.2m | €936,873 | €322,116 | ▼ 65.6% |
| Current portion of amounts payable after more than one year42 | €145,457 | €220,227 | €209,063 | €187,001 | €167,771 | ▼ 10.3% |
| Trade debts44 | €163,751 | €174,020 | €325,208 | €286,590 | €70,376 | ▼ 75.4% |
| Suppliers440/4 | €163,751 | €174,020 | €325,208 | €286,590 | €70,376 | ▼ 75.4% |
| Taxes, remuneration and social security45 | €69,869 | €160,361 | €142,766 | €100,716 | €83,271 | ▼ 17.3% |
| Taxes450/3 | €60,692 | €145,550 | €123,513 | €81,338 | €52,263 | ▼ 35.7% |
| Remuneration and social security454/9 | €9,177 | €14,812 | €19,253 | €19,378 | €31,008 | ▲ 60.0% |
| Other amounts payable47/48 | €33,000 | €733,000 | €481,811 | €362,567 | €699 | ▼ 99.8% |
| Accrued charges and deferred income492/3 | €1,437 | €48 | €511 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €131,710 | €234,549 | €278,226 | €308,750 | €357,146 | ▲ 15.7% |
| + Depreciation and write-downs630 | €149,670 | €250,229 | €251,368 | €302,174 | €303,401 | ▲ 0.4% |
| Operating cash flow (approximation) | €281,380 | €484,778 | €529,593 | €610,924 | €660,547 | ▲ 8.1% |
| Investment in fixed assets (approximation) | - | -€709,914 | -€356,584 | -€107,320 | -€2,390 | ▲ 97.8% |
| Change in cash | - | €353,581 | €24,266 | €169,045 | -€632,718 | ▼ 474% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €357,146 ▲15.7%
Operating result €577,910, net result €357,146, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.03
Current ratio from 1.86 to 5.03; short-term debt falls from €936,873 to €322,116.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Equity above €1mEq €1.2m ▲30.7%
6 profitable years in a row build equity to €1.2m.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €500,000Eq €539,452 ▲27.4%
3 profitable years in a row build equity to €539,452.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 1.24
Current ratio from 0.60 to 1.24; short-term debt falls from €59,123 to €58,770.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial 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, Charleroi · 1 establishment unit since 2014
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.
Rue Wattelar Maximilien 686040 Charleroi1 establishment unit
PHARMACIE de MUNCK Francois
since 20142.226.974.203
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of FDM PHARMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 2,456 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
Founded14-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0546573521
Registered
31-10-2024
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.