Summary
JOIN PHARMA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €569,132 and a net result of €41,311. Equity is growing by about 2.9% per year across the filed financial years. Its solvency ranks better than 48% of 6,658 sector peers (NACE 64, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €569,132
- Profit
- €41,311
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
This company filed its last 7 accounts on average 21 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 35% above 2024 and is 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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €255 | €613 | €737 | €815 | €203 | €79 | €0 | €145 | - |
| Other operating charges640/8 | - | - | - | €172 | €807 | €126 | €0 | €998 | - |
| Gross operating margin9900 | €12,915 | €12,717 | €12,981 | €12,516 | €11,749 | €3,226 | €15,075 | €21,456 | ▲ 42.3% |
| Operating profit (loss)9901 | €12,660 | €12,105 | €12,245 | €11,529 | €10,739 | €3,021 | €15,075 | €20,313 | ▲ 34.7% |
| Financial income75/76B | - | - | - | €41,826 | €49,889 | €59,867 | €20,403 | €30,196 | ▲ 48.0% |
| Recurring financial income75 | €2,174 | €2,754 | €31,587 | €41,826 | €49,889 | €59,867 | €20,403 | €30,196 | ▲ 48.0% |
| Financial charges65/66B | - | - | - | €769 | €1,154 | €1,096 | €981 | €746 | ▼ 24.0% |
| Recurring financial charges65 | €972 | €881 | €785 | €769 | €1,154 | €1,096 | €981 | €746 | ▼ 24.0% |
| Profit (loss) for the period before taxes9903 | €13,862 | €13,978 | €43,047 | €52,586 | €59,474 | €61,793 | €34,498 | €49,763 | ▲ 44.2% |
| Income taxes67/77 | €3,616 | €3,644 | €6,402 | €7,224 | €7,325 | €6,373 | €6,077 | €8,452 | ▲ 39.1% |
| Profit (loss) for the period9904 | €10,246 | €10,334 | €36,645 | €45,362 | €52,149 | €55,419 | €28,420 | €41,311 | ▲ 45.4% |
| Profit (loss) for the period to be appropriated9905 | €8,826 | €8,840 | €36,645 | €45,362 | €52,149 | €55,419 | €28,420 | €41,311 | ▲ 45.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.1m | €1.2m | €1.0m | €1.0m | €1.1m | €1.1m | €1.2m | ▲ 4.7% |
| Fixed assets21/28 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | ▲ 0.2% |
| Tangible fixed assets22/27 | €0.001m | €0.001m | €0.001m | €281 | €79 | €0 | - | €0.002m | - |
| Plant, machinery and equipment23 | - | - | - | €281 | €79 | €0 | - | €0.002m | - |
| Financial fixed assets28 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Current assets29/58 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 19.0% |
| Amounts receivable within one year40/41 | €0.04m | €0.004m | €0.02m | €0.01m | €0.02m | €0.05m | €0.05m | €0.03m | ▼ 40.9% |
| Trade receivables40 | - | - | - | €0.01m | €0.02m | €0.01m | €0.01m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €12 | €0 | €0.04m | €0.04m | €0.03m | ▼ 25.3% |
| Current investments50/53 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 29.4% |
| Cash at bank and in hand54/58 | €0.03m | €0.06m | €0.06m | €0.07m | €0.07m | €0.07m | €0.009m | €0.02m | ▲ 127% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 1.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.2m | €1.0m | €1.0m | €1.1m | €1.1m | €1.2m | ▲ 4.7% |
| Equity10/15 | €0.6m | €0.6m | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 7.8% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.3m | €0.3m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 18.4% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 18.8% |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Amounts payable17/49 | €0.6m | €0.6m | €0.8m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 1.9% |
| Amounts payable within one year42/48 | €0.6m | €0.6m | €0.8m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 1.9% |
| Trade debts44 | €0.002m | €0.001m | €0.003m | €0.002m | €0.003m | €0.004m | €0.005m | €0.02m | ▲ 232% |
| Suppliers440/4 | - | - | - | €0.002m | €0.003m | €0.004m | €0.005m | €0.02m | ▲ 232% |
| Taxes, remuneration and social security45 | - | - | - | €0.003m | €0.007m | €0.005m | €0.003m | €0.009m | ▲ 212% |
| Taxes450/3 | - | - | - | €0.001m | €0.005m | €0.002m | €0 | €0.006m | - |
| Remuneration and social security454/9 | - | - | - | €0.003m | €0.002m | €0.003m | €0.003m | €0.003m | ▲ 0.6% |
| Other amounts payable47/48 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 1.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €450 | €300 | ▼ 33.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,246 | €10,334 | €36,645 | €45,362 | €52,149 | €55,419 | €28,420 | €41,311 | ▲ 45.4% |
| + Depreciation and write-downs630 | €255 | €613 | €737 | €815 | €203 | €79 | €0 | €145 | - |
| Operating cash flow (approximation) | €10,501 | €10,947 | €37,381 | €46,178 | €52,352 | €55,498 | €28,420 | €41,455 | ▲ 45.9% |
| Investment in fixed assets (approximation) | - | -€1,074 | -€608 | €0 | €0 | €0 | €0 | -€2,087 | - |
| Change in cash | - | €28,674 | €2,855 | €8,530 | -€2,353 | €4,533 | -€64,799 | €11,822 | - |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00227876 |
| 31-12-2024 | abbreviated format | 30-06-2025 | 2025-00200816 |
| 31-12-2023 | abbreviated format | 05-07-2024 | 2024-00223427 |
| 31-12-2022 | abbreviated format | 05-07-2023 | 2023-00201669 |
| 31-12-2021 | abbreviated format | 30-07-2022 | 2022-20267455 |
| 31-12-2020 | abbreviated format | 28-07-2021 | 2021-42900018 |
| 31-12-2019 | abbreviated format | 03-07-2020 | 2020-26300463 |
| 31-12-2018 | abbreviated format | 08-07-2019 | 2019-30300506 |
| 31-12-2017 | abbreviated format | 24-07-2018 | 2018-36900063 |
| 31-12-2016 | abbreviated format | 20-07-2017 | 2017-33700467 |
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
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ANNAERT Inge |
|
Owners and capital
Capital and shareholders
- 23-10-2023 Capital stated in the deed · 186 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
99.78%
According to the 2025 annual accounts of JOIN PHARMA and those of the other companies, 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-10
Gazette deed
Resignation: ANNAERT Inge (director)Appointment: ANNAERT Inge (director) · Registered office clause · Power of attorney11 facts ▸
- Registered office clause, “Lindenberg 16,3080 Tervuren” (deed in Dutch)
- Power of attorney, Mostaert,Maere & Van Elslande
- Power of attorney
- General meeting, 18-10-2023
- Amendment of the articles (2 times)
- Capital conversion, EUR, “van rechtswege omgezet” (deed in Dutch)
- Other provision, “beschikbaar voor uitkering” (deed in Dutch)
- Director resignation, ANNAERT Inge (director)
- Director appointment, ANNAERT Inge (director (not named in the articles))
- Other provision, “uitoefening mandaat als zaakvoerder, kwijting ontslagnemende bestuurder” (deed in Dutch)
- Capital
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has 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 28 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
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24114B0445/00S002 | Flanders | 1,901 m² | 1 · 215 m² | 6.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- JOIN PHARMA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Enkel besluit bestuursorgaan, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, met of zonder beperking van duur” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten,los van representatie-,reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft overdrager en helft koper(s) naar evenredigheid aantal bij meerdere kopers;zelfde bij weigering…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Een of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, bestuurder(s) in functie als vereffenaar(s) krachtens…” (deed in Dutch)