FIMOVAR
ActiveFIMOVAR has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.61M and a net result of €279k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 4489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-12
Solvency57▲+10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.2 in 2024), and 54.5% 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
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 · 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
45.5%
Return on assets
7.9%
Age of the figures
8 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
17 d early
2023
76 d early
2022
90 d early
2021
19 d late
2020
17 d late
2019
74 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€279k▲ 5.5%
2024 · €264k
2019: €-215k
2020: €-215k
2021: €79k
2022: €154k
2023: €132k
2024: €264k
2019 → 2025
Working capital
€-972k▲ 18.6%
2024 · €-1.19M
2019: €85k
2020: €-36k
2021: €-481k
2022: €-1.53M
2023: €-1.39M
2024: €-1.19M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€780k-€934k▲ 19.8%€1.07M▲ 14.1%€1.33M▲ 24.8%€1.61M▲ 20.9%
Operating result€103k-€139k▲ 34.9%€123k▼ 11.2%€206k▲ 67.5%€240k▲ 16.5%
Net result€79k-€154k▲ 95.8%€132k▼ 14.5%€264k▲ 100%€279k▲ 5.5%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.53M
Fixed assets
€3.24M▼ 2.0%
Current assets
€291k▼ 0.6%
Equity and liabilities €3.53M
Equity
€1.61M▲ 20.9%
Debt
€1.92M▼ 15.2%
The debt ratio falls from 63.0% to 54.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€306k▲
2024 · €274k
Cash flow
€344k▲
2024 · €332k
Solvency
45.5%▲
2024 · 37.0%
Current ratio
0.23▲
2024 · 0.20
Quick ratio
0.23▲
2024 · 0.20
Debt / equity
1.20▼
2024 · 1.71
ROE
17.3%▼
2024 · 19.9%
ROA
7.9%▲
2024 · 7.3%
Interest coverage
8.91▲
2024 · 5.09
Debt
€1.92M▼
2024 · €2.27M
Debt ≤ 1 year
€1.26M▼
2024 · €1.49M
Debt > 1 year
€643k▼
2024 · €751k
Income taxes
€54k▲
2024 · €39k
Staff costs
€31k▲
2024 · €27k
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€3.60M€3.53M▼
Fixed assets21/28€3.31M€3.24M▼
Tangible fixed assets22/27€1.12M€1.05M▼
Land and buildings22€1.11M€1.05M▼
Plant, machinery and equipment23€8k€5k▼
Financial fixed assets28€2.19M€2.19M=
Current assets29/58€292k€291k▼
Amounts receivable within one year40/41€70k€70k▲
Trade receivables40€70k€70k▲
Other amounts receivable41€20-
Current investments50/53€204k€207k▲
Cash at bank and in hand54/58€22€180▲
Deferred charges and accrued income490/1€19k€13k▼
Equity and liabilities
Total equity and liabilities10/49€3.60M€3.53M▼
Equity10/15€1.33M€1.61M▲
Contributions10/11€67k€67k=
Capital10€67k€67k=
Issued capital100€124k€124k=
Uncalled capital101€57k€57k=
Reserves13€1.24M€1.52M▲
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Tax-exempt reserves132€71€71=
Distributable reserves133€1.23M€1.51M▲
Profit (loss) carried forward14€20k€23k▲
Amounts payable17/49€2.27M€1.92M▼
Amounts payable after more than one year17€751k€643k▼
Financial debts170/4€751k€643k▼
Amounts payable within one year42/48€1.49M€1.26M▼
Current portion of amounts payable after more than one year42€110k€115k▲
Financial debts43€10k€23k▲
Other loans439€10k€23k▲
Trade debts44€12k€11k▼
Suppliers440/4€12k€11k▼
Taxes, remuneration and social security45€13k€31k▲
Taxes450/3€12k€30k▲
Remuneration and social security454/9€2k€1k▼
Other amounts payable47/48€1.34M€1.08M▼
Accrued charges and deferred income492/3€32k€18k▼
Income statement
Code20242025
Remuneration, social security and pensions62€27k€31k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€66k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€303k€339k▲
Operating profit (loss)9901€206k€240k▲
Financial income75/76B€151k€126k▼
Recurring financial income75€151k€126k▼
Financial charges65/66B€54k€34k▼
Recurring financial charges65€54k€34k▼
Profit (loss) for the period before taxes9903€303k€332k▲
Income taxes67/77€39k€54k▲
Profit (loss) for the period9904€264k€279k▲
Profit (loss) for the period to be appropriated9905€264k€279k▲
Appropriation of the result
Profit (loss) to be appropriated9906€264k€298k▲
Profit (loss) brought forward from the previous period14P-€20k
Transfer to equity691/2€244k€275k▲
To other reserves6921€244k€275k▲
Social balance
Average headcount (FTE)90870.40.4=
The notes to these accounts (7 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €279k ▲5.5%
Operating result €240k, net result €279k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.07M ▲14.1%
3 profitable years in a row build equity to €1.07M.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
31-12
Financial
Back to profitnet €79k
Net result €79k after 2 loss-making years.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
07-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
14-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2017
03-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Niel · 1 establishment unit since 1998
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.
Heideplaats 422845 NielGround area
475 m²
Building footprint
232 m²
Volume, LiDAR
1,592 m³
Parcel 11030A0330/00S000, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FIMOVAR
since 19982.086.964.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11030A0330/00S000 | Flanders | 475 m² | 1 · 232 m² | 13.1 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.
Similar companies · same sector, comparable size
BB FARMA MANAGEMENT
BE 0861.674.655
Riemst · Eq €1.60M
PHARMALORRAINE
BE 0455.089.059
Aubange · Eq €1.62M
Apoteek Jespers - Cuijpers
BE 0440.256.175
Anderlecht · Eq €1.63M
APOTHEEK 'T HOUTEN KRUIS
BE 0476.200.318
Waasmunster · Eq €1.63M
PHARMACIE DE VISSCHER
BE 0471.464.936
Anderlecht · Eq €1.59M
Of 5,208 companies in sector 47730 we hold annual accounts for 3,850. 2,592 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-01-1998
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.