GESTIPHARMA
ActiveSummary
GESTIPHARMA has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €815,663 and a net result of €77,529. Equity is shrinking by about 5.3% per year across the filed financial years. Its solvency ranks better than 92% of 10,789 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 1.3 FTE
- Equity
- €815,663
- Profit
- €77,529
- Holdings
- 1
- FINPHARMADirector · permanent representative BOULANGER Philippe
- Hecq PierreManaging director
Why 96lowers riskLiquidity: current ratio 9.41, cash €409,067Equity €815,663 (94.9% of total assets)Size: total assets €859,421Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 86% on solvency, 97% on liquidity, 47% on profitability and 58% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 4 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €77,529
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €76,706 after a loss of €40,926 in 2024, the highest 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 70, Activities of head offices; management consultancy activities: 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).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 31,368 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €46,241 | €48,305 | €53,908 | €87,359 | €69,041 | ▼ 21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €89,872 | €90,223 | €90,483 | €90,606 | €91,060 | €92,977 | €77,541 | ▼ 16.6% |
| Other operating charges640/8 | - | - | - | €3,909 | €4,490 | €5,195 | €5,580 | €6,871 | ▲ 23.1% |
| Gross operating margin9900 | €88,901 | €88,242 | €80,449 | €95,883 | €49,567 | €151,445 | €144,990 | €230,159 | ▲ 58.7% |
| Operating profit (loss)9901 | €85,117 | -€26,396 | -€63,246 | -€44,750 | -€93,834 | €1,282 | -€40,926 | €76,706 | - |
| Financial income75/76B | - | - | - | - | - | €277 | €790 | €1,518 | ▲ 92.2% |
| Recurring financial income75 | €60,000 | - | - | - | - | €277 | €790 | €1,518 | ▲ 92.2% |
| Financial charges65/66B | - | - | - | €99 | €108 | €143 | €197 | €444 | ▲ 125% |
| Recurring financial charges65 | €48 | €67 | €76 | €99 | €108 | €143 | €197 | €444 | ▲ 125% |
| Profit (loss) for the period before taxes9903 | €145,069 | -€26,463 | -€63,322 | -€44,849 | -€93,942 | €1,416 | -€40,333 | €77,780 | - |
| Income taxes67/77 | - | - | - | - | - | - | €237 | €251 | ▲ 5.9% |
| Profit (loss) for the period9904 | €145,069 | -€26,463 | -€63,322 | -€44,849 | -€93,942 | €1,416 | -€40,570 | €77,529 | - |
| Profit (loss) for the period to be appropriated9905 | €145,069 | -€26,463 | -€63,322 | -€44,849 | -€93,942 | €1,416 | -€40,570 | €77,529 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.0m | €1.0m | €0.9m | €0.8m | €0.8m | €0.8m | €0.9m | ▲ 11.9% |
| Fixed assets21/28 | €1.0m | €0.9m | €0.9m | €0.8m | €0.7m | €0.6m | €0.5m | €0.4m | ▼ 13.9% |
| Tangible fixed assets22/27 | €1.0m | €0.9m | €0.9m | €0.8m | €0.7m | €0.6m | €0.5m | €0.4m | ▼ 13.9% |
| Land and buildings22 | - | - | - | €0.8m | €0.7m | €0.6m | €0.5m | €0.4m | ▼ 14.4% |
| Furniture and vehicles24 | - | - | - | - | - | €0.005m | €0.004m | €0.006m | ▲ 57.6% |
| Financial fixed assets28 | - | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €0.009m | €0.03m | €0.09m | €0.1m | €0.1m | €0.2m | €0.2m | €0.4m | ▲ 65.9% |
| Stocks and contracts in progress3 | - | - | €0.03m | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | €0.005m | - | - | €0.04m | €0.001m | - | - |
| Trade receivables40 | - | - | - | - | - | €0.04m | - | - | - |
| Other amounts receivable41 | - | - | - | - | - | - | €0.001m | - | - |
| Cash at bank and in hand54/58 | €0.007m | €0.03m | €0.05m | €0.1m | €0.1m | €0.2m | €0.2m | €0.4m | ▲ 67.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.003m | €0.003m | €0.003m | ▼ 3.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.0m | €0.9m | €0.8m | €0.8m | €0.8m | €0.9m | ▲ 11.9% |
| Equity10/15 | €1.0m | €1.0m | €0.9m | €0.9m | €0.8m | €0.8m | €0.7m | €0.8m | ▲ 10.5% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | - | - | - | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Issued capital100 | - | - | - | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Non-distributable reserves130/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Legal reserve130 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.5m | -€0.6m | -€0.6m | -€0.7m | -€0.7m | -€0.7m | -€0.7m | ▲ 10.4% |
| Amounts payable17/49 | €0.04m | €0.003m | €0.03m | €0.009m | €0.01m | €0.03m | €0.03m | €0.04m | ▲ 46.6% |
| Amounts payable within one year42/48 | €0.04m | €0.003m | €0.03m | €0.009m | €0.01m | €0.03m | €0.03m | €0.04m | ▲ 46.6% |
| Trade debts44 | €0.003m | €0.003m | €0.03m | - | €0.001m | €0.001m | €0.001m | €14 | ▼ 98.0% |
| Suppliers440/4 | - | - | - | - | €0.001m | €0.001m | €0.001m | €14 | ▼ 98.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.009m | €0.009m | €0.03m | €0.03m | €0.04m | ▲ 50.1% |
| Taxes450/3 | - | - | - | €0.004m | €0.003m | €0.02m | €0.02m | €0.04m | ▲ 64.8% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.006m | €0.007m | €0.006m | €0.005m | ▼ 11.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €145,069 | -€26,463 | -€63,322 | -€44,849 | -€93,942 | €1,416 | -€40,570 | €77,529 | - |
| + Depreciation and write-downs630 | - | €89,872 | €90,223 | €90,483 | €90,606 | €91,060 | €92,977 | €77,541 | ▼ 16.6% |
| Operating cash flow (approximation) | €145,069 | €63,409 | €26,901 | €45,634 | -€3,336 | €92,476 | €52,407 | €155,070 | ▲ 196% |
| Investment in fixed assets (approximation) | - | -€50 | -€5,909 | -€642 | -€909 | -€18,595 | €0 | -€5,420 | - |
| Change in cash | - | €24,763 | €20,996 | €51,077 | -€4,087 | €51,284 | €92,593 | €164,994 | ▲ 78.2% |
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 42 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00242806 |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00276115 |
| 31-12-2023 | micro format | 06-08-2024 | 2024-00333540 |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00351205 |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20292743 |
| 31-12-2020 | full format | 09-08-2021 | 2021-47200420 |
| 31-12-2019 | full format | 25-08-2020 | 2020-45100510 |
| 31-12-2018 | full format | 08-08-2019 | 2019-44900088 |
| 31-12-2017 | full format | 20-07-2018 | 2018-35900148 |
| 31-12-2016 | full format | 03-07-2017 | 2017-26400051 |
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
Board 2
Day-to-day management 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| FINPHARMA |
|
| Hecq Pierre |
|
| ASSCOT |
|
| UNIVERSAL PHARMA |
|
Owners and capital
Capital and shareholders
- 11-01-2023 Capital stated in the deed · 59,862 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- FINANCIERE DU LOUVYsubsidiarySourceact 19-01-2026100%
Sources: the companies' annual accounts, 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
7 connected companiesShow 3 more companies with a shared director
Board mandates elsewhere
4 board mandatesHistory
Acts, filings and financial milestones
25-11
Gazette deed
Reappointments: FINPHARMA (director) and HECQ Pierre-Pascal (director)Director discharge6 facts ▸
- General meeting, 03-06-2024
- General meeting, 25-11-2022
- Director reappointment, FINPHARMA (director)
- Director reappointment, HECQ Pierre-Pascal (director)
- Director reappointment, HECQ Pierre-Pascal (managing director)
- Director discharge, HECQ Pierre-Pascal
11-01
Gazette deed
Reappointment: HECQ Pierre Pascal (director)Appointment: FINPHARMA (director) · Permanent representatives: BOULANGER Philippe and HECQ Pierre Pascal · Resignations: UNIVERSAL PHARMA (director) and ASSCOT (director)14 facts ▸
- General meeting, 25-11-2022
- Amendment of the articles
- Capital
- Power of attorney, Christophe CAUCHIES
- Director reappointment, HECQ Pierre Pascal (director)
- Director reappointment, HECQ Pierre Pascal (managing director)
- Director appointment, FINPHARMA (director (not named in the articles))
- Permanent representative, BOULANGER Philippe (director and permanent representative)
- Director resignation, UNIVERSAL PHARMA (director)
- Director resignation, ASSCOT (director)
- Director discharge, UNIVERSAL PHARMA
- Director discharge, ASSCOT
- +2 further facts in this act
Show earlier events
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 7 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 31 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
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53028A0282/00E003 | Wallonia | 7,354 m² | 1 · 5,065 m² | 6.3 m · 2 |
| 53042B0175/00S000 | Wallonia | 3,379 m² | 1 · 197 m² | 13.7 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes prestations de services et tous actes quelconques dans le cadre du management des entreprises dans son acceptation la plus large…” (deed in French)
8 activities (deed in French)
- Toutes prestations de services et tous actes quelconques dans le cadre du management des entreprises dans son acceptation la plus large
- Toutes opérations immobilières,l'achat,la vente,l'échange,la location,le courtage,la négociation,la publicité,le lotissement,la construction,la transformation d'immeubies et la promotion immobilière et générale et tout ce qui s'y rapporte directement ou indirectement
- Tout ce qui est utile ou nécessaire à l'accomplissement de son objet social
- Exercer les fonctions d'administrateur,de liquidateur,de gérant dans toutes autres sociétés civiles ou commerciales
- Toutes prestations liées au développement de la clientèle,de gestion de sociétés,de constitution d'entreprises,de restructuration,de liquidation de branche d'activités et de sociétés
- Se porter caution au profit de ses propres administrateurs et actionnaires
- Toutes opérations commerciales,industrielles ou financières,mobilières ou immobilières,se rapportant directement ou indirectement à son objet social ou qui serait de nature à en faciliter directement ou indirectement,entièrement ou partiellement ta réalisation
- S'intéresser par voie d'apport,de fusion,de souscription,de prise de participation,ou de toute autre manière dans toute affaire,entreprise,association ou société ayant un objet ou une activité identique,analogue,connexe ou complémentaire au sien ou qui sont de nature à favoriser le développement de son entreprise et à lui procurer des matières premières ou à faciliter l'écoulement de ses produits
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GESTIPHARMA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, organe d'administration” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “13, six ans” (deed in French)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, tout actionnaire” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié cessionnaire(s), cessions et transmissions à tiers non-actionnaires soumises à litera B et litera C” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 15:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque raison que ce soit et à tout moment, organe d administration en fonction en collège de liquidateurs” (deed in French)1 more provision on this in the deed