LUDAPHAR
ActiveLUDAPHAR has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €859k and a net result of €56k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 64% of 6592 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
66
/ 100
Healthy▼ -5 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33▼-7
Solvency77▲+1
Growth38=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.45 in 2023), and 55% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Sector 47
higher
← 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 2024Solvency, return and age of the figures
Solvency
45%
Return on assets
3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
84 d late
2023
89 d late
2022
71 d late
2021
89 d late
2020
115 d late
2019
131 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€2.40M▲ 9.9%
2019 · €2.18M
2018: €2.20M
2019: €2.18M
2018 → 2021
EBIT margin
4.7%▼ 0.5pp
2019 · 5.2%
2018: 5.8%
2019: 5.2%
2018 → 2021
Net result
€56k▼ 19.5%
2023 · €70k
2018: €113k
2019: €103k
2020: €154k
2021: €109k
2022: €150k
2023: €70k
2018 → 2024
Working capital
€275k▼ 12.9%
2023 · €315k
2018: €411k
2019: €318k
2020: €156k
2021: €87k
2022: €385k
2023: €315k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€2.40M
Equity€920k-€898k▼ 2.4%€893k▼ 0.6%€882k▼ 1.2%€859k▼ 2.7%
Operating result€166k-€113k▼ 31.7%€156k▲ 37.7%€74k▼ 52.7%€60k▼ 19.0%
Net result€154k-€109k▼ 29.7%€150k▲ 38.2%€70k▼ 53.4%€56k▼ 19.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 19% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.91M
Fixed assets
€977k▼ 2.6%
Current assets
€933k▼ 8.9%
Equity and liabilities €1.91M
Equity
€859k▼ 2.7%
Debt
€1.05M▼ 8.2%
The debt ratio falls from 56.5% to 55.0%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€117k▼
2023 · €134k
Cash flow
€114k▼
2023 · €130k
Solvency
45.0%▲
2023 · 43.5%
Current ratio
1.42▼
2023 · 1.45
Quick ratio
0.92▼
2023 · 1.01
Debt / equity
1.22▼
2023 · 1.30
ROE
6.6%▼
2023 · 7.9%
ROA
3.0%▼
2023 · 3.5%
Interest coverage
12.82▼
2023 · 13.97
Debt
€1.05M▼
2023 · €1.14M
Debt ≤ 1 year
€658k▼
2023 · €708k
Debt > 1 year
€393k▼
2023 · €436k
Income taxes
€319▲
2023 · €235
Staff costs
€546k▲
2023 · €475k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.03M€1.91M▼
Fixed assets21/28€1.00M€977k▼
Intangible fixed assets21€50k€50k=
Tangible fixed assets22/27€954k€927k▼
Land and buildings22€921k€875k▼
Plant, machinery and equipment23€5k€20k▲
Furniture and vehicles24€27k€32k▲
Current assets29/58€1.02M€933k▼
Stocks and contracts in progress3€308k€328k▲
Stocks30/36€308k€328k▲
Amounts receivable within one year40/41€580k€530k▼
Trade receivables40€112k€148k▲
Other amounts receivable41€467k€383k▼
Cash at bank and in hand54/58€131k€61k▼
Deferred charges and accrued income490/1€5k€12k▲
Equity and liabilities
Total equity and liabilities10/49€2.03M€1.91M▼
Equity10/15€882k€859k▼
Contributions10/11€660k€660k=
Capital10€660k€660k=
Issued capital100€660k€660k=
Reserves13€207k€188k▼
Non-distributable reserves130/1€66k€66k=
Legal reserve130€66k€66k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€139k€120k▼
Investment grants15€16k€11k▼
Amounts payable17/49€1.14M€1.05M▼
Amounts payable after more than one year17€436k€393k▼
Financial debts170/4€436k€393k▼
Amounts payable within one year42/48€708k€658k▼
Current portion of amounts payable after more than one year42€53k€55k▲
Trade debts44€326k€330k▲
Suppliers440/4€326k€330k▲
Taxes, remuneration and social security45€102k€123k▲
Taxes450/3€5k€20k▲
Remuneration and social security454/9€97k€102k▲
Other amounts payable47/48€227k€150k▼
Accrued charges and deferred income492/3€84€336▲
Income statement
Code20232024
Non-recurring operating income76A€15k-
Remuneration, social security and pensions62€475k€546k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€57k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€614k€669k▲
Operating profit (loss)9901€74k€60k▼
Financial income75/76B€6k€6k▲
Recurring financial income75€6k€6k▲
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€70k€57k▼
Income taxes67/77€235€319▲
Profit (loss) for the period9904€70k€56k▼
Profit (loss) for the period to be appropriated9905€70k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€70k€56k▼
Profit (loss) brought forward from the previous period14P€13-
Transfer from equity791/2€5k€19k▲
Profit to be distributed694/7€75k€75k=
Directors or managers695€75k€75k=
Social balance
Average headcount (FTE)90877.67.5▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 84 days late
2024
31-12
Financial
Weakest financial yearnet €56k ▼19.5%
Net result drops to €56k, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 89 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 71 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 89 days late
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 115 days late
2020
31-12
Financial
Highest result since 2018net €154k ▲50.3%
Operating result €166k, net result €154k, both a record.
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 131 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 91 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 87 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Beauvechain · 3 establishment units since 1979
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place du Moulin,T.-la-G. 11320 BeauvechainGround area
3,653 m²
Building footprint
361 m²
Volume, LiDAR
3,409 m³
3 parcels, Wallonia · tallest building 20.6 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
PHARMACIE GOES
since 19792.016.863.887
Rue de l'Eglise Saint-Sulpice 9, 1320 Beauvechain
since 20242.365.122.690
Chaussée de Louvain,H.-M. 11, 1320 Beauvechain
since 20242.365.123.482
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25103E0375/00F002 | Wallonia | 2,983 m² | 1 · 164 m² | 20.6 m · 3 fl. |
| 25038C0393/00Y000 | Wallonia | 512 m² | 1 · 132 m² | 11.8 m · 3 fl. |
| 25005B0041/00N000 | Wallonia | 158 m² | 1 · 66 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
APOTHEEK DE BRABANDERE OUDENAARDE
BE 0829.433.538
Oudenaarde · Eq €859k
Apotheek C. Wouters
BE 0832.746.285
Lommel · Eq €859k
Apotheek Omnia
BE 0405.813.851
Koksijde · Eq €860k
APOTHEEK VERZELE-HAEMS
BE 0878.050.532
Gent · Eq €857k
PHARMACIE VAN HAREN
BE 0477.842.289
Sprimont · Eq €861k
Of 5,209 companies in sector 47730 we hold annual accounts for 3,851. 3,118 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-1979
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
52310
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.