HP PHARMA
ActiveSummary
HP PHARMA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €392k and a net result of €21k. Equity is shrinking by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-1
Solvency75▲+9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.81 in 2024; short-term debt: 34% and cash: 0.2% of total assets), and 49.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
50.3%
Return on assets
2.7%
Age of the figures
9 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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
21 d early
2023
22 d early
2022
20 d early
2021
18 d early
2020
25 d early
2019
3 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€392k▼ 11.0%
2024 · €441k
2018: €898khighest in 8 years
2019: €696k▼ -22.5% vs 2018
2020: €622k▼ -10.6% vs 2019
2021: €517k▼ -17.0% vs 2020
2022: €506k▼ -2.1% vs 2021
2023: €496k▼ -2.1% vs 2022
2024: €441k▼ -11.1% vs 2023
2025: €392k▼ -11.0% vs 2024lowest in 8 years
2018 → 2025
Total assets
€778k▼ 26.9%
2024 · €1.07M
2018: €1.13M
2019: €1.17M▲ +3.0% vs 2018highest in 8 years
2020: €1.16M▼ -0.8% vs 2019
2021: €1.16M▲ +0.5% vs 2020
2022: €1.15M▼ -1.5% vs 2021
2023: €1.10M▼ -4.3% vs 2022
2024: €1.07M▼ -2.9% vs 2023
2025: €778k▼ -26.9% vs 2024lowest in 8 years
2018 → 2025
Net result
€21k▼ 19.2%
2024 · €26k
2018: €75k
2019: €82k▲ +9.1% vs 2018highest in 8 years
2020: €70k▼ -14.3% vs 2019
2021: €81k▲ +15.2% vs 2020
2022: €68k▼ -16.1% vs 2021
2023: €64k▼ -4.8% vs 2022
2024: €26k▼ -59.2% vs 2023
2025: €21k▼ -19.2% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-217k▼ 187%
2024 · €-76k
2018: €21k
2019: €-216k▼ -1135% vs 2018
2020: €-247k▼ -14.1% vs 2019lowest in 8 years
2021: €-242k▲ +1.9% vs 2020
2022: €-72k▲ +70.4% vs 2021
2023: €68k▲ +195% vs 2022highest in 8 years
2024: €-76k▼ -211% vs 2023
2025: €-217k▼ -187% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€517k-€506k▼ 2.1%€496k▼ 2.1%€441k▼ 11.1%€392k▼ 11.0%
2021: €517khighest in 5 years
2022: €506k▼ -2.1% vs 2021
2023: €496k▼ -2.1% vs 2022
2024: €441k▼ -11.1% vs 2023
2025: €392k▼ -11.0% vs 2024lowest in 5 years
Operating result€89k-€54k▼ 39.3%€64k▲ 18.9%€61k▼ 4.1%€58k▼ 5.7%
2021: €89khighest in 5 years
2022: €54k▼ -39.3% vs 2021lowest in 5 years
2023: €64k▲ +18.9% vs 2022
2024: €61k▼ -4.1% vs 2023
2025: €58k▼ -5.7% vs 2024
Net result€81k-€68k▼ 16.1%€64k▼ 4.8%€26k▼ 59.2%€21k▼ 19.2%
2021: €81khighest in 5 years
2022: €68k▼ -16.1% vs 2021
2023: €64k▼ -4.8% vs 2022
2024: €26k▼ -59.2% vs 2023
2025: €21k▼ -19.2% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €778k
Fixed assets
€731k =
Current assets
€47k ▼ 85.8%
Equity and liabilities €778k
Equity
€392k ▼ 11.0%
Debt
€387k ▼ 38.1%
Debt's share of the balance-sheet total falls from 58.6% to 49.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€58k▼
2024 · €62k
Cash flow
€21k▼
2024 · €26k
Current ratio
0.18▼
2024 · 0.81
Debt to equity
0.99▼
2024 · 1.42
ROE
5.4%▼
2024 · 6.0%
ROA
2.7%▲
2024 · 2.5%
Interest coverage
2.06▼
2024 · 2.24
Debt ≤ 1 year
€265k▼
2024 · €410k
Debt > 1 year
€102k▼
2024 · €194k
Income taxes
€8k▲
2024 · €8k
Staff costs
€19k▼
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.07M€778k▼
Fixed assets21/28€731k€731k=
Tangible fixed assets22/27€1k€1k▼
Other tangible fixed assets26€1k€1k▼
Financial fixed assets28€730k€730k=
Current assets29/58€334k€47k▼
Amounts receivable within one year40/41€328k€40k▼
Trade receivables40€38k€25k▼
Other amounts receivable41€289k€14k▼
Cash at bank and in hand54/58€16€2k▲
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.07M€778k▼
Equity10/15€441k€392k▼
Contributions10/11€20k€20k=
Reserves13€339k€290k▼
Distributable reserves133€339k€290k▼
Profit (loss) carried forward14€81k€81k=
Amounts payable17/49€625k€387k▼
Amounts payable after more than one year17€194k€102k▼
Financial debts170/4€194k€102k▼
Amounts payable within one year42/48€410k€265k▼
Current portion of amounts payable after more than one year42€96k€92k▼
Trade debts44€3k€9k▲
Suppliers440/4€3k€9k▲
Taxes, remuneration and social security45€20k€12k▼
Taxes450/3€12k€12k▼
Remuneration and social security454/9€8k-
Other amounts payable47/48€292k€152k▼
Accrued charges and deferred income492/3€21k€20k▼
Income statement
Code20242025
Remuneration, social security and pensions62€42k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€121€165▲
Other operating charges640/8€240€877▲
Gross operating margin9900€104k€78k▼
Operating profit (loss)9901€61k€58k▼
Financial charges65/66B€28k€28k▲
Recurring financial charges65€28k€28k▲
Profit (loss) for the period before taxes9903€34k€30k▼
Income taxes67/77€8k€8k▲
Profit (loss) for the period9904€26k€21k▼
Profit (loss) for the period to be appropriated9905€26k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€108k€103k▼
Profit (loss) brought forward from the previous period14P€81k€81k=
Transfer from equity791/2€82k€70k▼
Transfer to equity691/2€26k€21k▼
To other reserves6921€26k€21k▼
Profit to be distributed694/7€82k€70k▼
Return on contributions (dividend)694€82k€70k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €41k | €43k | €42k | €19k | ▼ 54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €498 | €498 | €498 | €121 | €165 | ▲ 36.0% |
| Other operating charges640/8 | €363 | €658 | €358 | €240 | €877 | ▲ 265% |
| Gross operating margin9900 | €90k | €96k | €108k | €104k | €78k | ▼ 24.6% |
| Operating profit (loss)9901 | €89k | €54k | €64k | €61k | €58k | ▼ 5.7% |
| Financial income75/76B | €30k | €45k | €44k | - | - | - |
| Recurring financial income75 | €30k | €45k | €44k | - | - | - |
| Financial charges65/66B | €15k | €17k | €21k | €28k | €28k | ▲ 2.6% |
| Recurring financial charges65 | €15k | €17k | €21k | €28k | €28k | ▲ 2.6% |
| Profit (loss) for the period before taxes9903 | €104k | €82k | €87k | €34k | €30k | ▼ 12.4% |
| Income taxes67/77 | €24k | €14k | €22k | €8k | €8k | ▲ 11.0% |
| Profit (loss) for the period9904 | €81k | €68k | €64k | €26k | €21k | ▼ 19.2% |
| Profit (loss) for the period to be appropriated9905 | €81k | €68k | €64k | €26k | €21k | ▼ 19.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.16M | €1.15M | €1.10M | €1.07M | €778k | ▼ 26.9% |
| Fixed assets21/28 | €991k | €990k | €730k | €731k | €731k | = |
| Tangible fixed assets22/27 | €995 | €498 | - | €1k | €1k | ▼ 12.1% |
| Furniture and vehicles24 | €995 | €498 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €1k | €1k | ▼ 12.1% |
| Financial fixed assets28 | €990k | €990k | €730k | €730k | €730k | = |
| Current assets29/58 | €173k | €156k | €367k | €334k | €47k | ▼ 85.8% |
| Amounts receivable within one year40/41 | €78k | €75k | €347k | €328k | €40k | ▼ 87.9% |
| Trade receivables40 | €67k | €63k | €40k | €38k | €25k | ▼ 33.5% |
| Other amounts receivable41 | €11k | €13k | €308k | €289k | €14k | ▼ 95.0% |
| Cash at bank and in hand54/58 | €95k | €73k | €13k | €16 | €2k | ▲ 10,948% |
| Deferred charges and accrued income490/1 | - | €7k | €7k | €6k | €6k | ▼ 8.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.16M | €1.15M | €1.10M | €1.07M | €778k | ▼ 26.9% |
| Equity10/15 | €517k | €506k | €496k | €441k | €392k | ▼ 11.0% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €415k | €405k | €394k | €339k | €290k | ▼ 14.4% |
| Non-distributable reserves130/1 | €30k | - | - | - | - | - |
| Reserves not available under the articles1311 | €30k | - | - | - | - | - |
| Distributable reserves133 | €385k | €405k | €394k | €339k | €290k | ▼ 14.4% |
| Profit (loss) carried forward14 | €81k | €81k | €81k | €81k | €81k | = |
| Amounts payable17/49 | €647k | €640k | €602k | €625k | €387k | ▼ 38.1% |
| Amounts payable after more than one year17 | €222k | €396k | €290k | €194k | €102k | ▼ 47.7% |
| Financial debts170/4 | €222k | €396k | €290k | €194k | €102k | ▼ 47.7% |
| Amounts payable within one year42/48 | €415k | €228k | €299k | €410k | €265k | ▼ 35.4% |
| Current portion of amounts payable after more than one year42 | €78k | €121k | €106k | €96k | €92k | ▼ 3.7% |
| Trade debts44 | €985 | €2k | €5k | €3k | €9k | ▲ 253% |
| Suppliers440/4 | €985 | €2k | €5k | €3k | €9k | ▲ 253% |
| Taxes, remuneration and social security45 | €17k | €12k | €16k | €20k | €12k | ▼ 39.9% |
| Taxes450/3 | €17k | €10k | €8k | €12k | €12k | ▼ 0.4% |
| Remuneration and social security454/9 | - | €2k | €8k | €8k | - | - |
| Other amounts payable47/48 | €319k | €93k | €172k | €292k | €152k | ▼ 48.0% |
| Accrued charges and deferred income492/3 | €10k | €16k | €12k | €21k | €20k | ▼ 1.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81k | €68k | €64k | €26k | €21k | ▼ 19.2% |
| + Depreciation and write-downs630 | €498 | €498 | €498 | €121 | €165 | ▲ 36.0% |
| Operating cash flow (approximation) | €81k | €68k | €65k | €26k | €21k | ▼ 18.9% |
| Investment in fixed assets (approximation) | - | €0 | €260k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-21k | €-60k | €-13k | €2k | ▲ 114% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €21k ▼19.2%
Net result drops to €21k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Highest result since 2018net €82k ▲9.1%
Net result €82k, the highest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Esneux · 1 establishment unit since 2004
Ground area
1,320 m²
Building footprint
131 m²
Volume, LiDAR
909 m³
Parcel 62101A0141/00H000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HP PHARMA
since 20042.135.670.279
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62101A0141/00H000 | Wallonia | 1,320 m² | 1 · 130 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 36,516 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
Founded20-02-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.