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MAREPHAR

Active Private limited companyfounded 2003active for 23 yearsAstridlaan 4, 8810 LichterveldeKBO/BCE: BE 0479.955.109
MAREPHAR
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Overview

Lifetime

20 annual accounts with figures on one time axis, 22 filings since 2004
peak €223,440 (2015)
€203,218▼ 6.4%
lowest -€90,038 (2021)
€17,387▲ 18.0%
peak €522,667 (2025)
€522,667▲ 3.2%
€969,263▼ 7.9%
peak 1.9 FTE (2024)
1.7 FTE▼ 10.5%
Board1 name since 2003
1 directorMaertens Tania
Documentsfilings and deeds
03-04-202627 days before the deadline
2025abbreviated format
Staff from 1.9 FTE to 1.7 FTEDividend €1,383Cash from €162,421 to €96,571

Key points

from the 2025 annual accounts

Equity

€522,667 ▲ 3.2%
506,6642024+17,387Profit-1,383Dividend522,6672025

MAREPHAR paid out €1,383 in dividends. That is 8% of the 2025 profit.

Turnover

≈ €950,000 estimated

The abbreviated format states no turnover.

Filings

22 annual accounts since 2004
deadline20102020

The 2017 accounts came 9 days late. The other nine of the last ten were filed on time.

Checked score

87
Excellent
Financially stronger than 52% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2%lowest value 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.3%▲ +0.1 percentage points vs 03-2025 05-2025: 0.2%▼ -0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.3%▲ +0.1 percentage points vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 0.2%▼ -0.2 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Strong

60+2equity 35.0% of total assets
52-6short-term debt 19.6% · cash 6.5%
70=return on assets 1.2%

Score breakdown

raises risk
Sector: Retail trade (NACE 47)
lowers risk
Founded in 2003
Size: 1.7 FTE, total assets €1.5m
Figures for financial year 2025 (filed on 03-04-2026)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 50% of them on solvency, 57% on liquidity, 52% on profitability and 48% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-09-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 17,041 companies had the same profile as MAREPHAR has now. Each dot stands for 43 companies, two years later.

94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MAREPHAR itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,041 companies, not a prediction for MAREPHAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €45,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.16 (1.37 in 2024), below the usual 1.5. Short-term debt is 19.6% and cash 6.5% of total assets. 65% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2003
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: 1.7 FTE, total assets €1.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Figures for financial year 2025 (filed on 03-04-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-04-2026, 27 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
27 days early
2024
26 days early
2023
32 days early
2022
2 days early
2021
2 days early
2020
on the day
2019
20 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 4 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

MT
Maertens Tania
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0479955109
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments “1. Het administratief en commercieel beheer van één of meer apotheken uitgebaat onder het wetenschappelijk…” (deed in Dutch) · General meeting of 24-08-2023 · Gazette deed
Environmental permit granted Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden · Lichtervelde
First establishment MAREPHAR BVBA, Astridlaan 4, Lichtervelde
All 35 events

Comparable companies

same main activity, similar in size and age
Company
MAREPHAR Lichtervelde €1.5m €203,218 35.0% 1.7
Apotheek Vertommen Lubbeek €1.6m €235,118 26.0% 1.6
HDS - FARMA Erpe-Mere €1.5m €260,766 27.9% 2
APOTHEEK ANN DAMS Zonhoven €1.6m €241,689 38.2% 1.6
PHARMACIE VRANCKEN Faimes €1.3m €273,406 38.3% 1.7
APOTHEEK VIAENE Deerlijk €1.1m €223,019 56.9% 1.6
APOTHEEK BULTYNCK Ostend €1.4m €147,088 85.5% 2

These companies have the same main activity as MAREPHAR: retail sale of pharmaceutical products (NACE 47730). They are comparable in size and age: total assets between €1.1m and €1.6m, founded between 2000 and 2007.

Official details

Source: KBO
Status
Active since 07-04-2003Normal situation
Activity
Retail sale of pharmaceutical productsNACE 47730
Joint committee
313Pharmacies and pricing offices · annual accounts 30-09-2025
Establishment unit
2.126.603.7498810 Lichtervelde, since 14-04-2003
Financial year end
30 September
Peppol
Reachable since 22-09-2025
Company details

Annual accounts to 30-09-2025

€203,218▼ 6.4%
€17,387▲ 18.0%
€522,667▲ 3.2%
€1.5m▼ 4.3%
Employeeson 30-09-2025
2=
Filing
Filed on 03-04-2026, 27 days before the end of the filing period
Financials

Insights on MAREPHAR

MAREPHAR files the abbreviated format. That format states no turnover. The gross margin rose from €91,420 in 2006 to €203,218 in 2025.

The balance sheet grew most from 2022 to 2023 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 03-04-2026, 27 days before the deadline
€203,218
▼ 6.4%
€28,683
▼ 2.9%
€17,387
▲ 18.0%
€47,437
▼ 52.9%
35.0%
▲ 2.5 percentage points
1.16
▼ 0.21

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €950,000. Estimated: probably between €640,000 and €1.8m.

Balance sheet

balance sheet total €1.5m on 30-09-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

35.0%

Higher than 48% of 12,853 companies in 2025.

1.16

Higher than 34% of 12,643 companies in 2025.

1.2%

Higher than 33% of 12,717 companies in 2025.

MAREPHAR Middle half of the sector 80% of the sector Abbreviated accounts in retail trade (NACE 47)

Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half · Staff: middle half

Staff

€55,503

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.5m1.6m1.7m1.6m862,914960,209953,382958,312918,768989,925971,838786,461575,562623,013690,889719,945753,257817,120820,135934,933
20 -------0------------
21/28 1.2m1.2m1.3m1.1m326,438466,074494,284520,930557,492595,441627,174500,877352,481406,690467,216518,714540,835598,945674,830747,069
21 -------0-----12,87638,62864,38190,133115,885141,638167,390
22/27 1.1m1.2m1.3m1.1m320,038459,674491,784518,430554,992592,941624,674498,377349,981391,314428,588454,333450,702483,060533,192579,679
22 896,409892,433928,714766,329250,920368,725401,535412,244435,464458,684481,904420,453255,802267,790279,970292,150275,121284,381293,639302,898
23 253,192294,033333,782308,36768,24690,94990,072105,834115,804127,864133,18165,07394,047123,326148,354162,183175,581198,679239,553276,781
24 ---087201763523,7246,3939,58912,851132198264-----
26 -------0------------
27 -------0------------
28 2,5002,5002,5006,4006,4006,4002,5002,5002,5002,5002,5002,5002,5002,500------
29/58 339,828369,943456,175535,081536,476494,135459,099437,382361,276394,484344,664285,584223,081216,323223,673201,231212,422218,175145,305187,864
29 -------0------------
290 -------0------------
291 -------0------------
3 119,048116,405120,272103,558105,196111,528117,269117,661108,155110,168102,83696,20186,02392,404102,76198,68794,75793,72189,41372,965
30/36 119,048116,405120,272103,558105,196111,528117,269117,661108,155110,168102,83696,20186,02392,404102,76198,68794,75793,72189,41372,965
37 -------0------------
40/41 118,32785,565105,936110,818132,43582,29090,59174,01280,20372,54369,72870,50863,04558,17580,79881,28255,24666,57836,95544,985
40 115,11482,09697,98396,359104,96072,73375,50369,12273,12572,31169,48070,11353,79755,71672,66960,32841,64963,99635,74444,387
41 3,2123,4707,95314,45927,4749,55715,0874,8907,0782322483959,2482,4598,12920,95413,5972,5821,211598
50/53 -------0------------
54/58 96,571162,421224,854316,900294,117295,214247,358245,708172,917211,772172,100118,80374,01365,74440,11421,26262,41957,87618,93769,914
490/1 5,8835,5525,1123,8054,7285,1043,8810---72--------
Balance sheet: equity and liabilities
10/49 1.5m1.6m1.7m1.6m862,914960,209953,382958,312918,768989,925971,838786,461575,562623,013690,889719,945753,257817,120820,135934,933
10/15 522,667506,664493,350465,235395,254485,292422,088351,803290,431280,464218,779177,361166,979143,343118,362101,25381,05143,311-2,424-9,339
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 -------0------------
11 -------0------------
1100/10 -------0------------
12 -------0------------
13 504,067488,064474,750446,635376,654466,692403,488333,203271,831261,864200,179158,761148,379124,74399,76282,65362,45130,30230,30230,302
130/1 --01,8601,8601,860-0------------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
1311 --01,8601,8601,860--------------
1312 -------0------------
1319 -------0------------
132 13,17413,17413,17413,17413,17413,17413,17413,17413,17413,17413,17413,17313,17313,1749,1749,1749,1749,1749,1749,174
133 490,893474,890461,576431,602361,620451,658388,454318,170256,797246,831185,145143,728133,346109,70988,72871,61951,41719,26819,26819,268
14 000-0--0----------5,591-51,326-58,241
15 -------0------------
19 -------0------------
16 -------0------------
160/5 -------0------------
160 -------0------------
161 -------0------------
162 -------0------------
163 -------0------------
164/5 -------0------------
168 -------0------------
17/49 969,2631.1m1.2m1.2m467,660474,917531,294606,508628,337709,461753,059609,100408,583479,670572,527618,692672,206773,809822,559944,272
17 673,246777,666930,891775,360193,598248,927302,757355,130406,086457,202509,100359,485159,282226,106310,691395,276479,861564,446649,031733,616
170/4 673,246777,666880,891675,360193,598248,927302,757355,130406,086457,202509,100359,485159,282226,106310,691395,276479,861564,446649,031733,616
175 -050,000100,000---0------------
176 -------0------------
178/9 -------0------------
42/48 292,391269,244293,350374,392274,061223,255224,848246,164222,250251,929237,738241,492249,301252,527261,823223,404192,345209,363173,528208,086
42 104,419103,22596,777100,64155,32853,83052,37355,14055,18651,89850,55119,66715,71890,38384,58584,58584,58584,58584,58591,784
43 -------0----392-----288-
430/8 -------0----392-----288-
439 -------0------------
44 132,08579,670120,653206,178145,81294,94697,318112,11690,31198,65398,10875,43568,91967,29677,46868,94440,45856,40030,37368,493
440/4 132,08579,670120,653206,178145,81294,94697,318112,11690,31198,65398,10875,43568,91967,29677,46868,94440,45856,40030,37368,493
441 -------0------------
46 ---0110011460143931780-----4---
45 21,36224,26016,04710,2379,91313,42512,79816,21211,08431,83816,17814,31015,7019,28111,0538,97215,3154,7356,5082,348
450/3 6,3515,8134,2867251,9051,2017502,9662,63620,3366,8385,5065,4912,2962,5578977,7916931,8631,749
454/9 15,01218,44811,7629,5128,00912,22412,04813,2468,44811,5029,3408,80410,2106,9858,4968,0757,5244,0424,645599
47/48 34,52462,08959,87357,33562,89861,05362,24562,63665,52668,60972,121132,080148,57185,56788,71760,90351,98363,64351,77445,461
492/3 3,6265,3353,5811,18902,7363,6895,214-3296,2218,123-1,0371312---2,570
Income statement
9900 203,218217,015195,827207,360143,335206,615212,693220,951143,441222,227223,440177,774183,557186,499171,200168,377193,193192,482169,14191,420
62 94,35698,60055,65866,63866,63669,18966,70567,74169,81067,35868,92880,82355,40856,59548,81146,91243,87033,96725,57513,678
630 76,20585,48990,64952,00334,20241,34938,72841,72140,23040,80770,78054,46970,81474,34472,16666,56062,18583,904104,278102,381
631/4 -------0------------
635/8 -------0------------
640/8 3,9743,3783,0703,1873,2473,3712,9323,9682,8372,6142,0232,2715,9862,4662,4273,2122,0452,2322,2972,169
649 -------0------------
66A ---0120,30904290--10010,600---250123---
9901 28,68329,54846,45085,533-81,05892,706103,898107,52130,564111,44981,70940,21151,34953,09447,79651,69385,09372,37936,991-26,808
75/76B 1,5721,9842,2142,2192,2342,3482,3422,5792,7002,9523,1862,8463,3183,5673,5083,9914,7314,0454,1544,412
75 1,5721,9842,2142,2192,2342,3482,3422,5792,7002,9523,1862,8463,3183,5673,5083,9914,7314,0454,1544,412
76B -------0------------
65/66B 12,73816,66419,10017,65911,10412,36914,69817,33116,55219,81921,69815,24419,29421,45025,24426,20727,06630,79634,33135,637
65 12,73816,66419,10017,65911,10412,36914,69817,33116,55219,81921,69815,24419,29421,45025,24426,20727,06630,79634,33135,637
66B -------0------------
9903 17,51714,86729,56370,093-89,92982,68591,54292,76916,71294,58163,09717,21335,37335,21126,06029,22762,63545,6286,814-58,033
67/77 13112712011110918,15319,90930,0685,68230,49619,2794,4319,3367,8306,5516,62511,495-107-101208
9904 17,38714,74129,44369,982-90,03864,53371,63362,70111,03064,08543,81812,78226,03727,38119,50922,60251,14045,7356,915-58,241
789 -------0------------
689 -------0-----4,000------
9905 17,38714,74129,44369,982-90,03864,53371,63362,70111,03064,08543,81812,78226,03723,38119,50922,60251,14045,7356,915-58,241
Appropriation of the result
9906 17,38714,74129,44369,982-90,03864,53371,63362,70111,03064,08543,81812,78226,03723,38119,50922,60245,549-5,591-51,326-58,241
791/2 ---090,038--0------------
691/2 16,00313,31428,11469,982063,20470,28561,3729,96761,68541,41810,38223,63720,98117,10920,20232,149---
691 -------0------------
6920 -------0------------
6921 16,00313,31428,11469,982063,20470,28561,3729,96761,68541,41810,38223,63720,98117,10920,20232,149---
694/7 1,3831,4271,329-01,3291,3491,3291,0632,4002,4002,4002,4002,4002,4002,40013,400---
694 1,3831,4271,329-01,3291,3491,3291,0632,4002,4002,4002,4002,4002,4002,4002,400---
695 -------0--------11,000---
696 -------0------------
Social balance sheet
9087 1.71.91.11.211.61.61.61.61.61.61.31.11.21110.90.70.4
Hours worked1013 2,2292,6381,3882,1452,6912,6612,7492,8002,8282,9583,0382,1441,8852,0861,7441,7161,7191,5301,154726
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 2 older financial years (2004-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 19 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 03-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-09-2025 abbreviated format 03-04-2026 2026-00072134 PDF
30-09-2024 abbreviated format 04-04-2025 2025-00063270 PDF
30-09-2023 abbreviated format 29-03-2024 2024-00052448 PDF
30-09-2022 abbreviated format 28-04-2023 2023-00069805 PDF
30-09-2021 abbreviated format 28-04-2022 2022-20010745 PDF
30-09-2020 abbreviated format 30-04-2021 2021-12000587 PDF
30-09-2019 abbreviated format 10-04-2020 2020-08900461 PDF
30-09-2018 abbreviated format 30-04-2019 2019-11800485 PDF
30-09-2017 abbreviated format 09-05-2018 2018-12300437 PDF
30-09-2016 abbreviated format 05-04-2017 2017-08200118 PDF
30-09-2015 abbreviated format 22-03-2016 2016-06700150 PDF
30-09-2014 abbreviated format 03-04-2015 2015-08600130 PDF
30-09-2013 abbreviated format 20-03-2014 2014-06700563 PDF
30-09-2012 abbreviated format 04-04-2013 2013-08000400 PDF
30-09-2011 abbreviated format 24-04-2012 2012-09400464 PDF
30-09-2010 abbreviated format 26-04-2011 2011-09000555 PDF
30-09-2009 abbreviated format 21-04-2010 2010-09300489 PDF
30-09-2008 abbreviated format 31-03-2009 2009-09400136 PDF
30-09-2007 abbreviated format 31-03-2008 2008-08400262 PDF
30-09-2006 abbreviated format 27-04-2007 2007-12600242 PDF
30-09-2005 abbreviated format 20-04-2006 2006-11302737 PDF
30-09-2004 abbreviated format 13-04-2005 2005-11601217 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
104,888115,037137,099137,535-46,856134,054142,626149,24270,794152,256152,48994,680122,163127,438119,962118,253147,278156,283141,26975,573
93,592100,230120,092121,984-55,836105,881110,361104,42251,260104,892114,59867,25196,851101,72591,67589,162113,325129,639111,19344,140
39,3419,459278,449806,66014,87513,13912,5115,1592,2819,074197,158213,46516,60413,81820,66844,4394,0758,01932,039199,896
-65,850-62,433-92,04622,783-1,09747,8561,65072,791-38,85539,67253,29744,7908,26925,63018,852-41,1574,54338,939-50,977-
47,437100,699162,826160,689262,414270,881234,251191,218139,025142,554106,92644,092-26,220-36,204-38,150-22,17320,0778,812-28,223-20,222
35.0%32.5%28.7%28.8%45.8%50.5%44.3%36.7%31.6%28.3%22.5%22.6%29.0%23.0%17.1%14.1%10.8%5.3%-0.3%-1.0%
1.161.371.561.431.962.212.041.781.631.571.451.180.890.860.850.901.101.040.840.90
0.760.941.151.151.571.711.521.301.141.131.020.780.550.490.460.460.610.590.320.55
1.852.082.492.471.180.981.261.722.162.533.443.432.453.354.846.118.2917.87--
3.3%2.9%6.0%15.0%-22.8%13.3%17.0%17.8%3.8%22.8%20.0%7.2%15.6%19.1%16.5%22.3%63.1%105.6%--
1.2%0.9%1.7%4.3%-10.4%6.7%7.5%6.5%1.2%6.5%4.5%1.6%4.5%4.4%2.8%3.1%6.8%5.6%0.8%-6.2%
8.236.907.187.79-4.22---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Employees at the balance-sheet date22212
full-time00101
part-time22111
in full-time equivalents1.71.71.901.6
1.71.91.11.21.5
On a permanent contract22212
Joined--1-1
Left--0-1

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Debts secured on the company's own assets€777,666€880,891€977,668€776,002€248,927
Mortgages, amount registered€25,000€25,000€25,000€25,000€25,000
Carrying value of the mortgaged assets€826,614€822,638€858,919€696,534€181,125

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Tangible fixed assets€39,341€9,459€278,449€806,660€14,875
€76,205€85,489€90,649€52,003€34,202

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MAREPHAR

The operating result for 2025 is 3% lower than in 2024 and the lowest since 2021. It is the third fall in a row.

Debt's share of the balance-sheet total falls from 67.5% to 65.0%. Equity is higher and debt is lower.

Board & ownership

Board

1 director
Maertens Tania
Director
listed in the 2025 annual accounts, filed on 03-04-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Maertens Tania
Director
Board
Mandates as a list
  • Maertens Tania
    • Director, from 03-04-2003 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 05-09-2023 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
“Bestuurder, tenzij algemene vergadering anders beslist”

Network & group

No group

MAREPHAR has no parent and no holdings in its annual accounts. Maertens Tania is the only director. MAREPHAR shares no director with another company.

At the same address

Astridlaan 4, 8810 Lichtervelde · 1 other company
BICSUM
registered office since 01-07-2015 · founded in 2015
 total assets €294,617 (2025)
0632.667.256

Timeline

Timeline

35 events since 2003

Deadline for the 2026 accounts: 30-04-2027

2026
Annual accounts 2025 filed PDFabbreviated format · 27 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0479955109
Annual accounts 2024 filed PDFabbreviated format · 26 days before the deadline
2024
Equity above €500,000 equity €506,664 ▲2.7% After 3 profitable years in a row, equity reaches €506,664.
Annual accounts 2023 filed PDFabbreviated format · 32 days before the deadline
2023
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments“1. Het administratief en commercieel beheer van één of meer apotheken uitgebaat onder het wetenschappelijk…” (deed in Dutch) · General meeting of 24-08-20233 points ▸
  • General meeting, 24-08-2023
  • Purpose change, “1. Het administratief en commercieel beheer van één of meer apotheken uitgebaat onder het wetenschappelijk toezicht, de leiding en verantwoordelijkheid van…” (deed in Dutch)
  • Registered office clause, Astridlaan 4, 8810 Lichtervelde
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 2 days before the deadline
2022
Back to profit net €69,982 The net result is €69,982, after one loss-making year.
Annual accounts 2021 filed PDFabbreviated format · 2 days before the deadline
2021
Weakest financial year net -€90,038 The net result drops to -€90,038, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFabbreviated format · on the deadline day
2020
Environmental permit granted OmgevingsloketVerbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden · Lichtervelde
Annual accounts 2019 filed PDFabbreviated format · 20 days before the deadline
2019
Highest result from 2006 to 2025 net €71,633 ▲14.2% The net result of €71,633 is the highest of those years.
Annual accounts 2018 filed PDFabbreviated format · on the deadline day
2018
Annual accounts 2017 filed PDFabbreviated format · 9 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 25 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 39 days before the deadline
2015
Equity above €200,000 equity €218,779 ▲23.4% After 9 profitable years in a row, equity reaches €218,779.
Annual accounts 2014 filed PDFabbreviated format · 27 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 41 days before the deadline
2013
Equity above €150,000 equity €166,979 ▲16.5% After 7 profitable years in a row, equity reaches €166,979.
Annual accounts 2012 filed PDFabbreviated format · 26 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 6 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 4 days before the deadline
2010
Equity above €100,000 equity €101,253 ▲24.9% After 4 profitable years in a row, equity reaches €101,253.
Annual accounts 2009 filed PDFabbreviated format · 9 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 30 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 30 days before the deadline
2007
Back to profit net €6,915 The net result is €6,915, after one loss-making year.
Annual accounts 2006 filed PDFabbreviated format · 3 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2003
First establishment MAREPHAR BVBA, Astridlaan 4, Lichtervelde
Incorporation PDFpublished on 15-04-2003

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MAREPHAR was incorporated on 7 April 2003.1 Maertens Tania is director of the company according to the 2025 annual accounts.2 Total assets rose from €953,382 in 2019 to €1.5m in 2025 and headcount from 1.6 to 1.7 full-time equivalents.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2025
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0479.955.109
VAT number
BE 0479.955.109
Peppol ID
0208:0479955109
Other Peppol ID
9925:BE0479955109
Legal form
Private limited company
Status
Active, normal situation
Founded
07-04-2003
Financial year
ends on 30 September
Peppol
Reachable since 22-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MAREPHAR in Dutch
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 05-09-2023 (in Dutch)

Activities

NACEBEL 2025
VAT activities
47730 Retail sale of pharmaceutical products main activity
Social security (RSZ) activities
47730 Retail sale of pharmaceutical products main activity
Joint committees annual accounts 30-09-2025
JC 313 Pharmacies and pricing offices
Codes under NACEBEL 2008
VAT activities
47730 Retail trade main activity
Social security (RSZ) activities
47730 Retail trade main activity
Codes under NACEBEL 2003
VAT activities
52310 main activity
Social security (RSZ) activities
52310 main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
MAREPHAR BVBA registered office Astridlaan 4, 8810 Lichtervelde 14-04-2003 2.126.603.749

Buildings and parcels at the address

Ground area
662 m²
Buildings
306 m²
Volume, LiDAR
1,584 m³
Tallest building
12.1 m
Buildings to scale, each on its own parcel
306 m², 12.1 m 306 m², 12.1 m

Environmental permits

1 application in Flanders since 2020 · 1 granted
05-10-2020 Granted Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 15-07-2020 · project 2020089749 Lichtervelde

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
36011F0298/00L000662 m² 1 · 306 m² 12.1 m · 1

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