LO-PHARMA
ActiveSummary
LO-PHARMA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79,136 and a net result of -€15,388. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-26
Solvency38▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.14 in 2024; short-term debt: 44.4% and cash: 9% of total assets), and 86.8% 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 · 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.2%
Return on assets
-2.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 10519 sector peers (2025).
NBB · sector comparisonPosition among 10519 sector peers
Solvency
better than 23%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
21 d late
2023
29 d late
2022
28 d early
2021
8 d late
2020
30 d early
2019
39 d late
← 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 1 day after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 8 August (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€79,136▼ 16.3%
2024 · €94,523
Total assets
€597,566▼ 14.5%
2024 · €698,997
Net result
-€15,388
2024 · €21,894
Working capital
€3,327▼ 91.6%
2024 · €39,654
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€60,753▲ 5.1%€46,328▼ 23.7%€35,072▼ 24.3%€49,339▲ 40.7%€3,900▼ 92.1%
Net result€36,359within the sector's middle half=€14,715within the sector's middle half▼ 59.5%€14,359within the sector's middle half▼ 2.4%€21,894within the sector's middle half▲ 52.5%-€15,388below the sector's middle half
Equity€57,556below the sector's middle half▲ 39.7%€72,271below the sector's middle half▲ 25.6%€72,629below the sector's middle half▲ 0.5%€94,523below the sector's middle half▲ 30.1%€79,136within the sector's middle half▼ 16.3%
Total assets€734,944within the sector's middle half▼ 5.5%€691,499within the sector's middle half▼ 5.9%€702,426within the sector's middle half▲ 1.6%€698,997within the sector's middle half▼ 0.5%€597,566within the sector's middle half▼ 14.5%
Debt€677,388▼ 8.0%€619,228▼ 8.6%€629,796▲ 1.7%€604,474▼ 4.0%€518,431▼ 14.2%
Working capital€62,937within the sector's middle half▼ 6.0%€51,999within the sector's middle half▼ 17.4%€31,111within the sector's middle half▼ 40.2%€39,654within the sector's middle half▲ 27.5%€3,327within the sector's middle half▼ 91.6%
Solvency7.8%below the sector's middle half▲ 2.5pp10.5%below the sector's middle half▲ 2.6pp10.3%below the sector's middle half▼ 0.1pp13.5%below the sector's middle half▲ 3.2pp13.2%below the sector's middle half▼ 0.3pp
Current ratio1.30within the sector's middle half▼ 0.031.25within the sector's middle half▼ 0.051.13within the sector's middle half▼ 0.131.14within the sector's middle half▲ 0.011.01within the sector's middle half▼ 0.13
Return on assets (ROA)4.9%within the sector's middle half▲ 0.3pp2.1%within the sector's middle half▼ 2.8pp2.0%within the sector's middle half▼ 0.1pp3.1%within the sector's middle half▲ 1.1pp-2.6%below the sector's middle half▼ 5.7pp
Staff (FTE)1.4below the sector's middle half▲ 7.7%1.5below the sector's middle half▲ 7.1%1.7within the sector's middle half▲ 13.3%1.5within the sector's middle half▼ 11.8%1.3below the sector's middle half▼ 13.3%
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €597,566
Fixed assets
€328,858 ▼ 12.2%
Current assets
€268,709 ▼ 17.2%
Equity and liabilities €597,566
Equity
€79,136 ▼ 16.3%
Debt
€518,431 ▼ 14.2%
Debt's share of the balance-sheet total rises from 86.5% to 86.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€54,859▼
2024 · €100,975
Cash flow
€35,572▼
2024 · €73,529
Quick ratio
0.45▼
2024 · 0.60
Debt to equity
6.55▲
2024 · 6.39
ROE
-19.4%▼
2024 · 23.2%
Interest coverage
2.84▼
2024 · 5.08
Debt ≤ 1 year
€265,382▼
2024 · €284,788
Debt > 1 year
€248,292▼
2024 · €316,598
Staff costs
€89,967▲
2024 · €84,326
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,166 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,166 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 | €78,135 | €97,342 | €103,232 | €84,326 | €89,967 | ▲ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,163 | €44,091 | €45,055 | €51,636 | €50,959 | ▼ 1.3% |
| Other operating charges640/8 | €2,832 | €2,880 | €2,585 | €3,115 | €3,368 | ▲ 8.1% |
| Non-recurring operating charges66A | - | - | €3,851 | - | €1,936 | - |
| Gross operating margin9900 | €184,884 | €190,641 | €189,795 | €188,417 | €150,129 | ▼ 20.3% |
| Operating profit (loss)9901 | €60,753 | €46,328 | €35,072 | €49,339 | €3,900 | ▼ 92.1% |
| Financial income75/76B | €11 | €3 | €32 | €2,009 | €14 | ▼ 99.3% |
| Recurring financial income75 | €11 | €3 | €32 | €12 | €14 | ▲ 13.7% |
| Non-recurring financial income76B | - | - | - | €1,997 | - | - |
| Financial charges65/66B | €19,924 | €25,109 | €19,932 | €19,874 | €19,301 | ▼ 2.9% |
| Recurring financial charges65 | €19,924 | €25,109 | €19,932 | €19,874 | €19,301 | ▼ 2.9% |
| Profit (loss) for the period before taxes9903 | €40,840 | €21,223 | €15,172 | €31,474 | -€15,388 | ▼ 149% |
| Income taxes67/77 | €4,481 | €6,508 | €813 | €9,580 | - | - |
| Profit (loss) for the period9904 | €36,359 | €14,715 | €14,359 | €21,894 | -€15,388 | ▼ 170% |
| Profit (loss) for the period to be appropriated9905 | €36,359 | €14,715 | €14,359 | €21,894 | -€15,388 | ▼ 170% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €734,944 | €691,499 | €702,426 | €698,997 | €597,566 | ▼ 14.5% |
| Fixed assets21/28 | €464,773 | €435,346 | €424,647 | €374,555 | €328,858 | ▼ 12.2% |
| Tangible fixed assets22/27 | €464,773 | €435,346 | €424,647 | €374,555 | €328,858 | ▼ 12.2% |
| Land and buildings22 | €356,036 | €344,247 | €321,527 | €299,229 | €279,902 | ▼ 6.5% |
| Plant, machinery and equipment23 | €108,736 | €91,099 | €68,759 | €47,916 | €28,498 | ▼ 40.5% |
| Furniture and vehicles24 | - | - | €34,362 | €27,410 | €20,457 | ▼ 25.4% |
| Current assets29/58 | €270,172 | €256,153 | €277,778 | €324,442 | €268,709 | ▼ 17.2% |
| Stocks and contracts in progress3 | €122,134 | €122,587 | €145,516 | €152,346 | €150,254 | ▼ 1.4% |
| Stocks30/36 | €122,134 | €122,587 | €145,516 | €152,346 | €150,254 | ▼ 1.4% |
| Amounts receivable within one year40/41 | €49,911 | €46,460 | €72,909 | €99,855 | €58,423 | ▼ 41.5% |
| Trade receivables40 | €48,309 | €38,751 | €63,676 | €63,247 | €51,199 | ▼ 19.0% |
| Other amounts receivable41 | €1,601 | €7,710 | €9,233 | €36,608 | €7,224 | ▼ 80.3% |
| Cash at bank and in hand54/58 | €80,466 | €69,475 | €53,675 | €69,093 | €53,775 | ▼ 22.2% |
| Deferred charges and accrued income490/1 | €17,661 | €17,631 | €5,677 | €3,148 | €6,257 | ▲ 98.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €734,944 | €691,499 | €702,426 | €698,997 | €597,566 | ▼ 14.5% |
| Equity10/15 | €57,556 | €72,271 | €72,629 | €94,523 | €79,136 | ▼ 16.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,136 | €2,136 | €2,136 | €2,136 | €2,136 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Tax-exempt reserves132 | €136 | €136 | €136 | €136 | €136 | = |
| Distributable reserves133 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €35,420 | €50,135 | €50,493 | €72,387 | €57,000 | ▼ 21.3% |
| Amounts payable17/49 | €677,388 | €619,228 | €629,796 | €604,474 | €518,431 | ▼ 14.2% |
| Amounts payable after more than one year17 | €467,478 | €411,571 | €380,144 | €316,598 | €248,292 | ▼ 21.6% |
| Financial debts170/4 | €467,478 | €411,571 | €380,144 | €316,598 | €248,292 | ▼ 21.6% |
| Amounts payable within one year42/48 | €207,235 | €204,155 | €246,667 | €284,788 | €265,382 | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | €53,047 | €54,474 | €62,618 | €65,029 | €68,305 | ▲ 5.0% |
| Financial debts43 | €50,000 | €50,000 | - | €50,000 | €50,000 | = |
| Credit institutions430/8 | €50,000 | €50,000 | - | €50,000 | €50,000 | = |
| Trade debts44 | €54,631 | €47,796 | €52,731 | €57,811 | €47,695 | ▼ 17.5% |
| Suppliers440/4 | €54,631 | €47,796 | €52,731 | €57,811 | €47,695 | ▼ 17.5% |
| Taxes, remuneration and social security45 | €12,505 | €17,210 | €23,722 | €17,519 | €11,971 | ▼ 31.7% |
| Taxes450/3 | €471 | €931 | €5,392 | €1,526 | €1,064 | ▼ 30.3% |
| Remuneration and social security454/9 | €12,035 | €16,280 | €18,330 | €15,993 | €10,907 | ▼ 31.8% |
| Other amounts payable47/48 | €37,052 | €34,675 | €107,596 | €94,429 | €87,411 | ▼ 7.4% |
| Accrued charges and deferred income492/3 | €2,676 | €3,503 | €2,985 | €3,088 | €4,757 | ▲ 54.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,359 | €14,715 | €14,359 | €21,894 | -€15,388 | ▼ 170% |
| + Depreciation and write-downs630 | €43,163 | €44,091 | €45,055 | €51,636 | €50,959 | ▼ 1.3% |
| Operating cash flow (approximation) | €79,522 | €58,806 | €59,413 | €73,529 | €35,572 | ▼ 51.6% |
| Investment in fixed assets (approximation) | - | -€14,665 | -€34,356 | -€1,543 | -€5,262 | ▼ 241% |
| Change in cash | - | -€10,991 | -€15,800 | €15,417 | -€15,318 | ▼ 199% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
31-12
Financial
Highest result since 2018net €36,359 ▲0%
Operating result €60,753, net result €36,359, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 39 days late
2019
31-12
Financial
Back to profitnet €12,558
Net result €12,558 after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 13 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lubbeek · 1 establishment unit since 2008
Ground area
587 m²
Building footprint
144 m²
Volume, LiDAR
968 m³
Parcel 24090B0250/00K004, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lostraat(PEL) 54, 3212 Lubbeek
since 20082.174.769.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24090B0250/00K004 | Flanders | 587 m² | 1 · 144 m² | 9.1 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.
Structure & network
Owners and holdings
1 ownerChain of control
- L&F HEALTH
- LO-PHARMA
Highest known parent: L&F HEALTH. The sources do not say who stands above it.
Owners 1
- L&F HEALTHparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 750 EUR awarded · 750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 750 EUR | 750 EUR |
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Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 3,234 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
Founded23-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807456110
Also
9925:BE0807456110
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.