Lo Farma
ActiveSummary
Lo Farma has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €285,959 and a net result of €5,464. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 45% of 10645 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-11
Solvency58▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.03 in 2024; short-term debt: 26% and cash: 6.4% of total assets), and 67.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
32.7%
Return on assets
0.6%
Age of the figures
15 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €285,959
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-12-2025, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
39 d early
2023
65 d early
2022
8 d early
2021
21 d early
2020
9 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 23 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€285,959▲ 1.9%
2024 · €280,496
Total assets
€875,320▼ 8.8%
2024 · €959,323
Net result
€5,464▼ 92.9%
2024 · €76,764
Working capital
-€8,074
2024 · €7,045
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.02m€0.09m▲ 363%€0.05m▼ 42.9%€0.09m▲ 75.9%€0.02m▼ 82.6%
Net result€0.005mwithin the sector's middle half€0.08mwithin the sector's middle half▲ 1,338%€0.04mwithin the sector's middle half▼ 51.4%€0.08mwithin the sector's middle half▲ 108%€0.005mwithin the sector's middle half▼ 92.9%
Equity-€0.1mbelow the sector's middle half▲ 4.7%-€0.03mbelow the sector's middle half▲ 70.9%€0.006mbelow the sector's middle half€0.3mwithin the sector's middle half▲ 4,793%€0.3mwithin the sector's middle half▲ 1.9%
Total assets€1.1mabove the sector's middle half▼ 12.2%€1.1mwithin the sector's middle half▲ 2.4%€1.0mwithin the sector's middle half▼ 12.0%€1.0mwithin the sector's middle half▲ 0.9%€0.9mwithin the sector's middle half▼ 8.8%
Debt€1.2m▼ 11.6%€1.1m▼ 4.4%€0.9m▼ 15.0%€0.7m▼ 28.2%€0.6m▼ 13.2%
Working capital-€0.3mbelow the sector's middle half▲ 2.3%-€0.3mbelow the sector's middle half▲ 17.1%-€0.2mbelow the sector's middle half▲ 12.3%€0.007mbelow the sector's middle half-€0.008mbelow the sector's middle half
Solvency-10.1%below the sector's middle half▼ 0.8pp-2.9%below the sector's middle half▲ 7.2pp0.6%below the sector's middle half▲ 3.5pp29.2%within the sector's middle half▲ 28.6pp32.7%within the sector's middle half▲ 3.4pp
Current ratio0.38below the sector's middle half▼ 0.070.50below the sector's middle half▲ 0.120.46below the sector's middle half▼ 0.041.03below the sector's middle half▲ 0.560.96below the sector's middle half▼ 0.06
Return on assets (ROA)0.5%within the sector's middle half▲ 3.0pp7.0%within the sector's middle half▲ 6.5pp3.9%within the sector's middle half▼ 3.1pp8.0%within the sector's middle half▲ 4.1pp0.6%within the sector's middle half▼ 7.4pp
Staff (FTE)11below the sector's middle half=1.2below the sector's middle half▲ 20.0%1below the sector's middle half▼ 16.7%1.6within the sector's middle half▲ 60.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €875,320
Fixed assets
€656,141 ▼ 5.3%
Current assets
€219,179 ▼ 17.7%
Equity and liabilities €875,320
Equity
€285,959 ▲ 1.9%
Debt
€589,361 ▼ 13.2%
Debt's share of the balance-sheet total falls from 70.8% to 67.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67,979▼
2024 · €142,053
Cash flow
€57,870▼
2024 · €129,539
Quick ratio
0.52▼
2024 · 0.64
Debt to equity
2.06▼
2024 · 2.42
ROE
1.9%▼
2024 · 27.4%
Interest coverage
5.87▼
2024 · 11.04
Debt ≤ 1 year
€227,253▼
2024 · €259,294
Debt > 1 year
€355,585▼
2024 · €418,585
Staff costs
€117,614▲
2024 · €78,451
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 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% | 1.0% |
| 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% 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 10,905 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €68,625 | €83,917 | €78,451 | €117,614 | ▲ 49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65,804 | €65,208 | €64,638 | €52,776 | €52,406 | ▼ 0.7% |
| Other operating charges640/8 | - | €1,521 | €1,547 | €1,705 | €1,800 | ▲ 5.6% |
| Gross operating margin9900 | €150,365 | €224,272 | €200,864 | €222,210 | €187,394 | ▼ 15.7% |
| Operating profit (loss)9901 | €19,200 | €88,918 | €50,762 | €89,277 | €15,573 | ▼ 82.6% |
| Financial income75/76B | - | €152 | €1 | €353 | €1,479 | ▲ 319% |
| Recurring financial income75 | €513 | €152 | €1 | €353 | €1,479 | ▲ 319% |
| Financial charges65/66B | - | €13,315 | €13,943 | €12,866 | €11,589 | ▼ 9.9% |
| Recurring financial charges65 | €14,445 | €13,315 | €13,943 | €12,866 | €11,589 | ▼ 9.9% |
| Profit (loss) for the period before taxes9903 | €5,268 | €75,755 | €36,821 | €76,764 | €5,464 | ▼ 92.9% |
| Income taxes67/77 | - | - | - | €0 | - | - |
| Profit (loss) for the period9904 | €5,268 | €75,755 | €36,821 | €76,764 | €5,464 | ▼ 92.9% |
| Profit (loss) for the period to be appropriated9905 | €5,268 | €75,755 | €36,821 | €76,764 | €5,464 | ▼ 92.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €1.0m | €0.9m | ▼ 8.8% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.7m | €0.7m | €0.7m | ▼ 5.3% |
| Intangible fixed assets21 | €0.01m | €0.006m | - | - | - | - |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.7m | €0.7m | €0.7m | ▼ 5.3% |
| Land and buildings22 | - | €0.7m | €0.7m | €0.7m | €0.6m | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €0.06m | €0.04m | €0.03m | €0.02m | ▼ 27.7% |
| Furniture and vehicles24 | - | - | - | - | €0.006m | - |
| Current assets29/58 | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 17.7% |
| Stocks and contracts in progress3 | €0.07m | €0.08m | €0.1m | €0.1m | €0.1m | ▲ 0.3% |
| Stocks30/36 | - | €0.08m | €0.1m | €0.1m | €0.1m | ▲ 0.3% |
| Amounts receivable within one year40/41 | €0.01m | €0.008m | €0.004m | €0.005m | €0.009m | ▲ 79.5% |
| Trade receivables40 | - | €0.007m | €0.004m | €0.005m | €0.007m | ▲ 44.3% |
| Other amounts receivable41 | - | €109 | €130 | €22 | €0.002m | ▲ 7,791% |
| Current investments50/53 | €0.005m | €0.005m | €0.005m | €0.005m | - | - |
| Cash at bank and in hand54/58 | €0.09m | €0.1m | €0.06m | €0.1m | €0.06m | ▼ 43.7% |
| Deferred charges and accrued income490/1 | - | €0.04m | €0.05m | €0.06m | €0.05m | ▼ 5.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €1.0m | €0.9m | ▼ 8.8% |
| Equity10/15 | -€0.1m | -€0.03m | €0.006m | €0.3m | €0.3m | ▲ 1.9% |
| Contributions10/11 | - | €0.4m | €0.4m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.4m | -€0.4m | -€0.3m | -€0.3m | ▲ 2.0% |
| Amounts payable17/49 | €1.2m | €1.1m | €0.9m | €0.7m | €0.6m | ▼ 13.2% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 15.1% |
| Financial debts170/4 | - | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 15.1% |
| Amounts payable within one year42/48 | €0.6m | €0.6m | €0.5m | €0.3m | €0.2m | ▼ 12.4% |
| Current portion of amounts payable after more than one year42 | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Trade debts44 | €0.09m | €0.1m | €0.07m | €0.1m | €0.1m | ▲ 2.9% |
| Suppliers440/4 | - | €0.1m | €0.07m | €0.1m | €0.1m | ▲ 2.9% |
| Taxes, remuneration and social security45 | - | €0.004m | €0.004m | €0.005m | €0.002m | ▼ 50.3% |
| Taxes450/3 | - | €0.002m | €0.004m | €0.004m | €0.002m | ▼ 61.9% |
| Remuneration and social security454/9 | - | €0.003m | €261 | €0.001m | €0.001m | ▲ 4.7% |
| Other amounts payable47/48 | - | €0.4m | €0.3m | €0.09m | €0.06m | ▼ 36.6% |
| Accrued charges and deferred income492/3 | - | €303 | €471 | €0.001m | €0.007m | ▲ 588% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,268 | €75,755 | €36,821 | €76,764 | €5,464 | ▼ 92.9% |
| + Depreciation and write-downs630 | €65,804 | €65,208 | €64,638 | €52,776 | €52,406 | ▼ 0.7% |
| Operating cash flow (approximation) | €71,072 | €140,963 | €101,459 | €129,539 | €57,870 | ▼ 55.3% |
| Investment in fixed assets (approximation) | - | -€19,646 | -€3,704 | -€9,400 | -€15,563 | ▼ 65.6% |
| Change in cash | - | €55,439 | -€83,577 | €38,718 | -€43,497 | ▼ 212% |
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
2025
10-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Highest result since 2019net €76,764 ▲108%
Operating result €89,277, net result €76,764, both a record.
30-06
Financial
Liquidity doublescurrent ratio 1.03
Current ratio from 0.46 to 1.03; short-term debt falls from €462,986 to €259,294.
30-06
Financial
Equity above €200,000Eq €280,496 ▲4,793%
4 profitable years in a row build equity to €280,496.
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €5,268
Net result €5,268 after 2 loss-making years.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lochristi · 1 establishment unit since 2013
Ground area
179 m²
Building footprint
108 m²
Volume, LiDAR
31 m³
Parcel 44034C0411/00A002, Flanders · tallest building 8.1 m. Linked by address, not a title deed.
1 establishment unit
LO FARMA
since 2013unit no. 2.222.502.008
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0411/00A002 | Flanders | 179 m² | 1 · 108 m² | 8.1 m |
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.
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €2,159 awarded · €2,159 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €84 | €84 |
| 2024 | 1 | €75 | €75 |
| 2022 | 1 | €2,000 | €2,000 |
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BE 0811.141.714
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APOTHEEK TILLEGEM
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Of 5,219 companies in this sector we hold annual accounts for 3,862. 3,514 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded08-07-2013
Fiscal year end30-06
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
Contact
E-mail
coppens.johan@telenet.beLochristi
Phone
0494 41 17 21Lochristi
E-invoicing
Reachable via Peppol
Peppol ID
0208:0536717232
Also
9925:BE0536717232
Registered
10-04-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.