LYNAPHARMA
ActiveSummary
The computed 12-month bankruptcy probability of LYNAPHARMA is 1.6% (moderate). The 2024 annual accounts show equity of €142,374 and a net result of €14,628. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 26049 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-5
Solvency99▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 3.49 against 3.37 in 2023; short-term debt: 25.9% and cash: 31% of total assets), and 25.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
61 d late
2022
30 d late
2021
31 d late
2020
61 d late
2019
65 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 51 days 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€142,374▲ 11.5%
2023 · €127,746
Total assets
€192,062▲ 7.8%
2023 · €178,164
Net result
€14,628▼ 28.1%
2023 · €20,334
Working capital
€123,792▲ 3.8%
2023 · €119,266
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
Line20202021202220232024
Operating result-€4,254€3,068€31,245▲ 919%€26,601▼ 14.9%€19,799▼ 25.6%
Net result-€3,295below the sector's middle half€847within the sector's middle half€25,872above the sector's middle half▲ 2,954%€20,334above the sector's middle half▼ 21.4%€14,628within the sector's middle half▼ 28.1%
Equity€92,693within the sector's middle half▼ 3.4%€93,541within the sector's middle half▲ 0.9%€107,413within the sector's middle half▲ 14.8%€127,746above the sector's middle half▲ 18.9%€142,374above the sector's middle half▲ 11.5%
Total assets€140,374within the sector's middle half▲ 4.6%€146,435within the sector's middle half▲ 4.3%€173,324within the sector's middle half▲ 18.4%€178,164within the sector's middle half▲ 2.8%€192,062within the sector's middle half▲ 7.8%
Debt€47,681▲ 24.6%€52,895▲ 10.9%€65,912▲ 24.6%€50,418▼ 23.5%€49,688▼ 1.4%
Working capital€79,393above the sector's middle half▲ 10.2%€90,241above the sector's middle half▲ 13.7%€101,106above the sector's middle half▲ 12.0%€119,266above the sector's middle half▲ 18.0%€123,792above the sector's middle half▲ 3.8%
Solvency66.0%above the sector's middle half▼ 5.5pp63.9%above the sector's middle half▼ 2.2pp62.0%above the sector's middle half▼ 1.9pp71.7%above the sector's middle half▲ 9.7pp74.1%above the sector's middle half▲ 2.4pp
Current ratio2.67within the sector's middle half▼ 0.222.71within the sector's middle half▲ 0.042.53within the sector's middle half▼ 0.173.37above the sector's middle half▲ 0.833.49above the sector's middle half▲ 0.13
Return on assets (ROA)-2.3%below the sector's middle half▼ 11.7pp0.6%within the sector's middle half▲ 2.9pp14.9%above the sector's middle half▲ 14.3pp11.4%within the sector's middle half▼ 3.5pp7.6%within the sector's middle half▼ 3.8pp
Staff (FTE)0.8within the sector's middle half
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 26% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €192,062
Fixed assets
€18,582 ▲ 119%
Current assets
€173,480 ▲ 2.2%
Equity and liabilities €192,062
Equity
€142,374 ▲ 11.5%
Debt
€49,688 ▼ 1.4%
Debt's share of the balance-sheet total falls from 28.3% to 25.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,225▼
2023 · €28,088
Cash flow
€18,053▼
2023 · €21,821
Quick ratio
2.85▲
2023 · 2.68
Debt to equity
0.35▼
2023 · 0.39
ROE
10.3%▼
2023 · 15.9%
Interest coverage
28.74▼
2023 · 77.01
Debt ≤ 1 year
€49,688▼
2023 · €50,418
Income taxes
€4,979▼
2023 · €5,905
Staff costs
€40,671▲
2023 · €33,795
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,338 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% | 1.9% |
| 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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €40,216 | €29,438 | €33,795 | €40,671 | ▲ 20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,675 | €10,000 | €1,190 | €1,487 | €3,426 | ▲ 130% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,183 | €2,075 | - | - | - |
| Other operating charges640/8 | - | €1,352 | €1,433 | €789 | €4,636 | ▲ 488% |
| Gross operating margin9900 | €40,308 | €56,819 | €65,381 | €62,672 | €68,533 | ▲ 9.4% |
| Operating profit (loss)9901 | -€4,254 | €3,068 | €31,245 | €26,601 | €19,799 | ▼ 25.6% |
| Financial income75/76B | - | €5 | €5 | €2 | €615 | ▲ 31,141% |
| Recurring financial income75 | €0 | €5 | €5 | €2 | €615 | ▲ 31,141% |
| Financial charges65/66B | - | €706 | €139 | €365 | €808 | ▲ 122% |
| Recurring financial charges65 | €149 | €706 | €139 | €365 | €808 | ▲ 122% |
| Profit (loss) for the period before taxes9903 | -€4,404 | €2,367 | €31,111 | €26,238 | €19,607 | ▼ 25.3% |
| Income taxes67/77 | -€1,109 | €1,520 | €5,239 | €5,905 | €4,979 | ▼ 15.7% |
| Profit (loss) for the period9904 | -€3,295 | €847 | €25,872 | €20,334 | €14,628 | ▼ 28.1% |
| Profit (loss) for the period to be appropriated9905 | -€3,295 | €847 | €25,872 | €20,334 | €14,628 | ▼ 28.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140,374 | €146,435 | €173,324 | €178,164 | €192,062 | ▲ 7.8% |
| Fixed assets21/28 | €13,300 | €3,300 | €6,307 | €8,481 | €18,582 | ▲ 119% |
| Intangible fixed assets21 | €9,000 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,000 | - | €3,007 | €5,181 | €15,282 | ▲ 195% |
| Plant, machinery and equipment23 | - | - | €3,007 | €1,608 | €209 | ▼ 87.0% |
| Furniture and vehicles24 | - | - | - | €3,573 | €10,956 | ▲ 207% |
| Other tangible fixed assets26 | - | - | - | - | €4,118 | - |
| Financial fixed assets28 | €3,300 | €3,300 | €3,300 | €3,300 | €3,300 | = |
| Current assets29/58 | €127,074 | €143,135 | €167,018 | €169,683 | €173,480 | ▲ 2.2% |
| Amounts receivable after more than one year29 | - | - | €45,000 | €45,000 | €32,153 | ▼ 28.5% |
| Other amounts receivable291 | - | - | €45,000 | €45,000 | €32,153 | ▼ 28.5% |
| Stocks and contracts in progress3 | €46,469 | €44,123 | €46,661 | €34,534 | €31,872 | ▼ 7.7% |
| Stocks30/36 | - | €44,123 | €46,661 | €34,534 | €31,872 | ▼ 7.7% |
| Amounts receivable within one year40/41 | €23,557 | €28,145 | €18,540 | €16,802 | €49,919 | ▲ 197% |
| Trade receivables40 | - | €23,165 | €18,540 | €16,802 | €38,295 | ▲ 128% |
| Other amounts receivable41 | - | €4,980 | - | - | €11,624 | - |
| Cash at bank and in hand54/58 | €55,886 | €70,867 | €56,817 | €73,348 | €59,536 | ▼ 18.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140,374 | €146,435 | €173,324 | €178,164 | €192,062 | ▲ 7.8% |
| Equity10/15 | €92,693 | €93,541 | €107,413 | €127,746 | €142,374 | ▲ 11.5% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Capital10 | - | €60,000 | - | - | - | - |
| Issued capital100 | - | €60,000 | - | - | - | - |
| Reserves13 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Non-distributable reserves130/1 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Legal reserve130 | - | €6,000 | - | - | - | - |
| Other1319 | - | - | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €26,693 | €27,541 | €41,413 | €61,746 | €76,374 | ▲ 23.7% |
| Amounts payable17/49 | €47,681 | €52,895 | €65,912 | €50,418 | €49,688 | ▼ 1.4% |
| Amounts payable within one year42/48 | €47,681 | €52,895 | €65,912 | €50,418 | €49,688 | ▼ 1.4% |
| Trade debts44 | €23,607 | €35,364 | €35,441 | €27,140 | €22,901 | ▼ 15.6% |
| Suppliers440/4 | - | €35,364 | €35,441 | €27,140 | €22,901 | ▼ 15.6% |
| Taxes, remuneration and social security45 | - | €12,506 | €13,632 | €14,195 | €21,614 | ▲ 52.3% |
| Taxes450/3 | - | €5,298 | €3,566 | €3,912 | €12,155 | ▲ 211% |
| Remuneration and social security454/9 | - | €7,208 | €10,066 | €10,283 | €9,460 | ▼ 8.0% |
| Other amounts payable47/48 | - | €5,025 | €16,840 | €9,082 | €5,173 | ▼ 43.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,295 | €847 | €25,872 | €20,334 | €14,628 | ▼ 28.1% |
| + Depreciation and write-downs630 | €10,675 | €10,000 | €1,190 | €1,487 | €3,426 | ▲ 130% |
| Operating cash flow (approximation) | €7,380 | €10,847 | €27,063 | €21,821 | €18,053 | ▼ 17.3% |
| Investment in fixed assets (approximation) | - | €0 | -€4,197 | -€3,662 | -€13,527 | ▼ 269% |
| Change in cash | - | €14,982 | -€14,050 | €16,530 | -€13,812 | ▼ 184% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €25,872 ▲2,954%
Operating result €31,245, net result €25,872, both a record.
31-12
Financial
Equity above €100,000Eq €107,413 ▲14.8%
2 profitable years in a row build equity to €107,413.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €847
Net result €847 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet -€3,295
Net result drops to -€3,295, the lowest in the series; recovery starts the following year.
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 65 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2017
Ground area
94 m²
Building footprint
89 m²
Volume, LiDAR
1,366 m³
Parcel 21562A0195/00L002, Brussels · tallest building 20.5 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
LYNAPHARMA
since 20172.260.253.022
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0195/00L002 | Brussels | 94 m² | 1 · 88 m² | 20.5 m · 5 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.
Similar companies · same sector, comparable size
PHARMACIE NOVAPHARMA
BE 0849.488.386
Sint-Gillis (bij-Brussel) · Eq €142,231
HILDE BRAEKEN
BE 0660.962.651
Hasselt · Eq €142,190
APOTHEEK MOLENVELD
BE 0424.329.567
Grimbergen · Eq €142,699
APOTHEEK LEUPE
BE 0886.646.316
Tielt · Eq €141,756
Pharmacie Dosogne
BE 0407.677.835
Gembloux · Eq €141,718
Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 3,560 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
Founded21-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
47750Retail sale of cosmetics and toilet articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0666517583
Registered
27-03-2026
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.