LIFE PHARMA
Open bankruptcySummary
A bankruptcy procedure is open for LIFE PHARMA according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2016 annual accounts show negative equity (-€3.5m) and a net result of -€6.3m.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Commercial Court of Liège, Liège division
- Declared bankrupt
- 7 November 2017
- Official Gazette
- 13-11-2017 (pdf) ↗search the document for 2017/143417
Deadlines
- Appeal or third-party opposition until
- passed on 28 November 2017Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 7 December 2017art. XX.104 and XX.155 CEL
- First verification report
- passed on 21 December 2017Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 7 November 2018Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Bisinella YvesRue Matteotti 34, 4102 Ougree
- Ramquet PierreIlot St Michel Place Verte 13, 4000 Liege 1
- Stas De Richelle LaurentRue Louvrex 81, 4000 Liege 1
On 13 June 2023 the court published a change of trustee. Who runs the file now is in that publication (reference 2023/123939) and in RegSol.That day's Gazette (pdf) ↗
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Wholesale of pharmaceutical and medical goods sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2016, full schema, statutory accounts
Turnover
€101.8m▼ 14.3%
2015 · €118.9m
EBIT margin
-5.8%▼ 5.3pp
2015 · -0.5%
Net result
-€6.3m▼ 745%
2015 · -€745,276
Working capital
-€271,521
2015 · €2.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2013201420152016
Turnover€90.0m-€93.5m▲ 3.9%€118.9m▲ 27.1%€101.8m▼ 14.3%
Operating result-€1.1m-€122,156-€538,481-€5.9m▼ 990%
Net result-€1.1m-€4,029-€745,276-€6.3m▼ 745%
EBIT margin-1.2%-0.1%▲ 1.4pp-0.5%▼ 0.6pp-5.8%▼ 5.3pp
Equity€3.7m-€3.7m▲ 1.1%€3.0m▼ 19.9%-€3.5m
Total assets€22.0m-€23.4m▲ 6.7%€26.3m▲ 12.3%€20.0m▼ 24.1%
Debt€18.2m-€19.7m▲ 8.0%€23.3m▲ 18.5%€20.9m▼ 10.4%
Working capital€2.4m-€3.7m▲ 54.2%€2.6m▼ 27.9%-€271,521
Staff (FTE)64.2-59.4▼ 7.5%59.9▲ 0.8%62▲ 3.5%
Why a figure moved sharply
- 2016 Net result -745% on 2015. The previous fiscal year ran 15 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5.9m in 2016 against €538,481 in 2015; the loss grows and 2016 has the lowest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €20.0m
Fixed assets
€1.9m ▼ 48.6%
Current assets
€18.0m ▼ 20.0%
Key figures and ratios
EBITDA
-€4.9m▼
2015 · €518,982
Cash flow
-€5.4m▼
2015 · €312,187
Solvency
-17.4%▼
2015 · 11.3%
Current ratio
0.99▼
2015 · 1.13
Quick ratio
0.61▲
2015 · 0.57
Debt to equity
-0.73▼
2015 · 1.13
ROA
-31.5%▼
2015 · -2.8%
Interest coverage
-28.65▼
2015 · 1.52
Debt ≤ 1 year
€18.3m▼
2015 · €19.9m
Debt > 1 year
€2.5m▼
2015 · €3.4m
Income taxes
€69▼
2015 · €981
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|
| Turnover70 | €90.0m | €93.5m | €118.9m | €101.8m | ▼ 14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €568,328 | €727,493 | €1.1m | €922,113 | ▼ 12.8% |
| Operating profit (loss)9901 | -€1.1m | €122,156 | -€538,481 | -€5.9m | ▼ 990% |
| Recurring financial income75 | €158,435 | €147,474 | €205,810 | €199,808 | ▼ 2.9% |
| Recurring financial charges65 | €203,847 | €267,467 | €363,272 | €323,175 | ▼ 11.0% |
| Debt charges650 | €197,618 | €260,989 | €341,975 | €172,677 | ▼ 49.5% |
| Profit (loss) for the period before taxes9903 | -€1.1m | €2,359 | -€747,563 | -€6.3m | ▼ 743% |
| Income taxes67/77 | €814 | €945 | €981 | €69 | ▼ 93.0% |
| Profit (loss) for the period9904 | -€1.1m | €4,029 | -€745,276 | -€6.3m | ▼ 745% |
| Profit (loss) for the period to be appropriated9905 | -€1.1m | €7,952 | -€740,373 | -€6.3m | ▼ 750% |
| Line | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €22.0m | €23.4m | €26.3m | €20.0m | ▼ 24.1% |
| Formation expenses20 | €335,774 | €1.2m | €799,928 | €0 | ▼ 100% |
| Fixed assets21/28 | €3.4m | €4.3m | €3.8m | €1.9m | ▼ 48.6% |
| Intangible fixed assets21 | €587,952 | €652,590 | €757,387 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €2.4m | €2.1m | €1.8m | €1.7m | ▼ 4.1% |
| Financial fixed assets28 | €19,800 | €319,800 | €419,800 | €210,000 | ▼ 50.0% |
| Current assets29/58 | €18.6m | €19.2m | €22.6m | €18.0m | ▼ 20.0% |
| Stocks and contracts in progress3 | €5.7m | €7.3m | €11.1m | €6.9m | ▼ 37.6% |
| Amounts receivable within one year40/41 | €10.6m | €10.4m | €10.6m | €9.9m | ▼ 6.1% |
| Cash at bank and in hand54/58 | €2.3m | €1.3m | €844,764 | €941,379 | ▲ 11.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €22.0m | €23.4m | €26.3m | €20.0m | ▼ 24.1% |
| Equity10/15 | €3.7m | €3.7m | €3.0m | -€3.5m | ▼ 217% |
| Contributions10/11 | €1.5m | €1.6m | €1.6m | €1.5m | ▼ 4.1% |
| Reserves13 | €122,294 | €118,768 | €113,865 | €109,944 | ▼ 3.4% |
| Profit (loss) carried forward14 | €642,772 | €650,327 | -€90,046 | -€6.4m | ▼ 6,993% |
| Provisions and deferred taxes16 | €68,463 | €56,278 | €41,045 | €2.6m | ▲ 6,186% |
| Amounts payable17/49 | €18.2m | €19.7m | €23.3m | €20.9m | ▼ 10.4% |
| Amounts payable after more than one year17 | €2.0m | €4.1m | €3.4m | €2.5m | ▼ 24.6% |
| Amounts payable within one year42/48 | €16.2m | €15.5m | €19.9m | €18.3m | ▼ 8.0% |
| Trade debts44 | €12.3m | €9.7m | €13.4m | €9.8m | ▼ 26.8% |
| Line | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.1m | €4,029 | -€745,276 | -€6.3m | ▼ 745% |
| + Depreciation and write-downs630 | €568,328 | €727,493 | €1.1m | €922,113 | ▼ 12.8% |
| Operating cash flow (approximation) | -€556,714 | €731,522 | €312,187 | -€5.4m | ▼ 1,823% |
| Investment in fixed assets (approximation) | - | -€1.6m | -€561,786 | €919,331 | ▲ 264% |
| Change in cash | - | -€962,153 | -€488,602 | €96,615 | ▲ 120% |
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
2023
20-06
Bankruptcy
Change of trustee
Tribunal de l’entreprise de Liège, division Liège · event 13-06-2023
2017
13-11
Bankruptcy
Opening
Tribunal de commerce de Liège, division Liège · event 07-11-2017
30-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 91 days late
20-09
Judicial reorganisation
Transfer under judicial authority
Tribunal de commerce de Liège · court-supervised transfer
2016
31-12
Financial
Weakest financial yearnet -€6.3m
Net result drops to -€6.3m, the lowest in the series.
02-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 33 days late
02-09
NBB filing
Annual accounts filed
fiscal year 2015 · consolidated · 33 days late
2015
13-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
30-09
Financial
Back to profitnet €4,029
Net result €4,029 after one loss-making year.
26-03
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
29-03
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
27-03
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
Show earlier events
2011
25-05
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 25 days late
2010
10-05
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 10 days late
2009
19-02
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Herstal · 1 establishment unit since 1963
Ground area
2.3 ha
Building footprint
8,261 m²
Volume, LiDAR
56,260 m³
Parcel 62064A0450/00K002, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Route de Liers 140, 4042 Herstal
since 19632.005.053.445
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62064A0450/00K002 | Wallonia | 2.3 ha | 1 · 8,261 m² | 9.9 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.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | BISINELLA YVES RUE MATTEOTTI 34, 4102 OUGREE |
07-11-2017 → present |
| Curator | RAMQUET PIERRE ILOT ST MICHEL PLACE VERTE 13, 4000 LIEGE 1 |
07-11-2017 → present |
| Curator | STAS DE RICHELLE LAURENT RUE LOUVREX 81, 4000 LIEGE 1 |
07-11-2017 → present |
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Of 1,903 companies in sector 46460 we hold annual accounts for 1,126. 665 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded22-04-1963
Fiscal year end31-12
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.