HESBIPHAR
ActiveHESBIPHAR has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €256k and a net result of €-17k. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
78
/ 100
Excellent▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
balance sheet total too small for a liquidity verdict, and 0.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€17k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
20 d late
2023
23 d late
2022
42 d early
2021
40 d late
2020
20 d late
2019
73 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-17k▲ 30.5%
2024 · €-24k
2018: €-28k
2019: €-31k
2020: €-31k
2021: €-26k
2022: €-32k
2023: €-25k
2024: €-24k
2018 → 2025
Working capital
€53k▲ 8.7%
2024 · €48k
2018: €131k
2019: €120k
2020: €108k
2021: €66k
2022: €55k
2023: €52k
2024: €48k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€354k-€322k▼ 9.1%€297k▼ 7.6%€273k▼ 8.2%€256k▼ 6.2%
Operating result€-25k-€-32k▼ 26.8%€-24k▲ 23.8%€-24k=€-17k▲ 31.1%
Net result€-26k-€-32k▼ 25.8%€-25k▲ 23.9%€-24k▲ 0.5%€-17k▲ 30.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2025 against €24k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €256k
Fixed assets
€203k▼ 9.5%
Current assets
€53k▲ 2.0%
Equity and liabilities €256k
Equity
€256k▼ 6.2%
Debt
€156▼ 95.3%
The debt ratio falls from 1.2% to 0.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€4k▲
2024 · €-3k
Cash flow
€4k▲
2024 · €-3k
Solvency
99.9%▲
2024 · 98.8%
Debt / equity
0.00▼
2024 · 0.01
ROE
-6.6%▲
2024 · -9.0%
ROA
-6.6%▲
2024 · -8.9%
Interest coverage
50.98▲
2024 · -53.28
Debt
€156▼
2024 · €3k
Debt ≤ 1 year
€156▼
2024 · €3k
Income taxes
€249▲
2024 · €168
Staff costs
€23k▲
2024 · €15k
A ratio outside any meaningful range has been withheld (balance sheet total €256k, equity €256k).
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€276k€256k▼
Fixed assets21/28€224k€203k▼
Tangible fixed assets22/27€224k€203k▼
Land and buildings22€212k€203k▼
Furniture and vehicles24€12k€0▼
Current assets29/58€52k€53k▲
Amounts receivable within one year40/41€29k€31k▲
Trade receivables40€3k€611▼
Other amounts receivable41€26k€30k▲
Cash at bank and in hand54/58€23k€22k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€276k€256k▼
Equity10/15€273k€256k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€16k€16k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€10k€10k=
Profit (loss) carried forward14€195k€178k▼
Amounts payable17/49€3k€156▼
Amounts payable within one year42/48€3k€156▼
Trade debts44€0-
Suppliers440/4€0-
Taxes, remuneration and social security45€3k€156▼
Taxes450/3€705€156▼
Remuneration and social security454/9€3k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€15k€23k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k=
Other operating charges640/8€963€928▼
Gross operating margin9900€13k€28k▲
Operating profit (loss)9901€-24k€-17k▲
Financial income75/76B€216€180▼
Recurring financial income75€216€180▼
Financial charges65/66B€61€86▲
Recurring financial charges65€61€86▲
Profit (loss) for the period before taxes9903€-24k€-17k▲
Income taxes67/77€168€249▲
Profit (loss) for the period9904€-24k€-17k▲
Profit (loss) for the period to be appropriated9905€-24k€-17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€195k€178k▼
Profit (loss) brought forward from the previous period14P€219k€195k▼
The notes to these accounts (6 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
31-12
Financial
Liquidity times 22current ratio 338.19
Current ratio from 15.51 to 338.19; short-term debt falls from €3k to €156.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Liquidity times 5current ratio 13.65
Current ratio from 2.58 to 13.65; short-term debt falls from €35k to €4k.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 40 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 73 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 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, Hannut · 1 establishment unit since 1996
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 de Lincent (PT HT) 14280 HannutGround area
944 m²
Building footprint
247 m²
Volume, LiDAR
1,454 m³
2 parcels, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HESBIPHAR SA
since 19962.075.073.290
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64433A0401/00E000 | Wallonia | 792 m² | 1 · 183 m² | 6.2 m · 1 fl. |
| 25046B0179/00S002 | Wallonia | 152 m² | 1 · 63 m² | 11.3 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOrp-Jauche2.075.073.290
Similar companies · same sector, comparable size
PHARMASCHMIDT
BE 0824.492.872
Liège · Eq €256k
Apotheek Gorissen
BE 0432.724.621
Zonhoven · Eq €255k
SOMAPI
BE 0479.661.733
Liège · Eq €255k
Apotheek Coopman
BE 0813.219.096
Damme · Eq €256k
MEDIFARM+
BE 0629.857.424
Brugge · Eq €255k
Of 5,208 companies in sector 47730 we hold annual accounts for 3,850. 3,522 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-12-1995
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
52310
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.