MEPHARMA
ActiveSummary
MEPHARMA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €453,300 and a net result of €60,000. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 77% of 11293 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Financials · fiscal year 2025, abbreviated schema
Equity
€453,300▲ 15.3%
2024 · €393,300
Total assets
€701,341▲ 2.5%
2024 · €684,404
Net result
€60,000▼ 7.7%
2024 · €65,000
Working capital
€617,407▲ 6.3%
2024 · €580,569
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€89,632▲ 83.9%€113,155▲ 26.2%€93,429▼ 17.4%€102,344▲ 9.5%€88,043▼ 14.0%
Net result€60,500within the sector's middle half▲ 56.3%€69,195within the sector's middle half▲ 14.4%€60,036within the sector's middle half▼ 13.2%€65,000within the sector's middle half▲ 8.3%€60,000within the sector's middle half▼ 7.7%
Equity€199,070within the sector's middle half▲ 43.7%€268,265within the sector's middle half▲ 34.8%€328,300within the sector's middle half▲ 22.4%€393,300within the sector's middle half▲ 19.8%€453,300within the sector's middle half▲ 15.3%
Total assets€692,919within the sector's middle half▲ 20.7%€779,373within the sector's middle half▲ 12.5%€599,124within the sector's middle half▼ 23.1%€684,404within the sector's middle half▲ 14.2%€701,341within the sector's middle half▲ 2.5%
Debt€486,732▲ 13.5%€508,879▲ 4.5%€262,303▼ 48.5%€282,351▲ 7.6%€239,017▼ 15.3%
Working capital€562,101above the sector's middle half▲ 14.3%€649,347above the sector's middle half▲ 15.5%€527,512above the sector's middle half▼ 18.8%€580,569above the sector's middle half▲ 10.1%€617,407above the sector's middle half▲ 6.3%
Solvency28.7%within the sector's middle half▲ 4.6pp34.4%within the sector's middle half▲ 5.7pp54.8%within the sector's middle half▲ 20.4pp57.5%within the sector's middle half▲ 2.7pp64.6%above the sector's middle half▲ 7.2pp
Current ratio7.58above the sector's middle half▼ 9.757.54above the sector's middle half▼ 0.0411.82above the sector's middle half▲ 4.289.04above the sector's middle half▼ 2.7811.64above the sector's middle half▲ 2.61
Return on assets (ROA)8.7%within the sector's middle half▲ 2.0pp8.9%within the sector's middle half▲ 0.1pp10.0%within the sector's middle half▲ 1.1pp9.5%within the sector's middle half▼ 0.5pp8.6%within the sector's middle half▼ 0.9pp
Staff (FTE)2within the sector's middle half▲ 25.0%1.1below the sector's middle half▼ 45.0%1.1below the sector's middle half=1.4within the sector's middle half▲ 27.3%1.2below the sector's middle half▼ 14.3%
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 14% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €701,341
Fixed assets
€25,932 ▼ 18.0%
Current assets
€675,409 ▲ 3.5%
Equity and liabilities €701,341
Equity
€453,300 ▲ 15.3%
Provisions
€9,023 ▲ 3.1%
Debt
€239,017 ▼ 15.3%
Debt's share of the balance-sheet total falls from 41.3% to 34.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96,326▼
2024 · €109,502
Cash flow
€68,282▼
2024 · €72,158
Quick ratio
7.85▲
2024 · 6.01
Debt to equity
0.53▼
2024 · 0.72
ROE
13.2%▼
2024 · 16.5%
Interest coverage
13.55▲
2024 · 10.63
Debt ≤ 1 year
€58,002▼
2024 · €72,221
Debt > 1 year
€181,016▼
2024 · €210,130
Income taxes
€24,632▼
2024 · €27,955
Staff costs
€87,685▲
2024 · €85,635
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 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 of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,366 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 34,696 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 | €62,204 | €72,378 | €72,362 | €85,635 | €87,685 | ▲ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,208 | €12,960 | €9,092 | €7,158 | €8,282 | ▲ 15.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €265 | -€4,887 | €6,291 | €232 | €270 | ▲ 16.5% |
| Other operating charges640/8 | €695 | €669 | €1,972 | €728 | €1,662 | ▲ 128% |
| Gross operating margin9900 | €165,004 | €194,276 | €183,147 | €196,098 | €185,943 | ▼ 5.2% |
| Operating profit (loss)9901 | €89,632 | €113,155 | €93,429 | €102,344 | €88,043 | ▼ 14.0% |
| Financial income75/76B | €1,201 | €997 | €1,056 | €907 | €3,698 | ▲ 308% |
| Recurring financial income75 | €1,201 | €997 | €1,056 | €907 | €3,698 | ▲ 308% |
| Financial charges65/66B | €6,301 | €16,387 | €10,295 | €10,297 | €7,109 | ▼ 31.0% |
| Recurring financial charges65 | €6,301 | €10,387 | €10,295 | €10,297 | €7,109 | ▼ 31.0% |
| Non-recurring financial charges66B | - | €6,000 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €84,532 | €97,766 | €84,190 | €92,955 | €84,632 | ▼ 9.0% |
| Income taxes67/77 | €24,032 | €28,571 | €24,155 | €27,955 | €24,632 | ▼ 11.9% |
| Profit (loss) for the period9904 | €60,500 | €69,195 | €60,036 | €65,000 | €60,000 | ▼ 7.7% |
| Profit (loss) for the period to be appropriated9905 | €60,500 | €69,195 | €60,036 | €65,000 | €60,000 | ▼ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €692,919 | €779,373 | €599,124 | €684,404 | €701,341 | ▲ 2.5% |
| Fixed assets21/28 | €45,402 | €30,754 | €22,853 | €31,615 | €25,932 | ▼ 18.0% |
| Tangible fixed assets22/27 | €39,402 | €30,754 | €22,853 | €31,615 | €25,932 | ▼ 18.0% |
| Plant, machinery and equipment23 | €26,949 | €26,751 | €17,496 | €22,965 | €17,436 | ▼ 24.1% |
| Furniture and vehicles24 | €12,453 | €4,003 | €5,357 | €8,650 | €8,496 | ▼ 1.8% |
| Financial fixed assets28 | €6,000 | €0 | - | - | - | - |
| Current assets29/58 | €647,517 | €748,619 | €576,272 | €652,789 | €675,409 | ▲ 3.5% |
| Stocks and contracts in progress3 | €185,572 | €191,259 | €207,553 | €219,011 | €220,337 | ▲ 0.6% |
| Stocks30/36 | €185,572 | €191,259 | €207,553 | €219,011 | €220,337 | ▲ 0.6% |
| Amounts receivable within one year40/41 | €64,679 | €112,824 | €70,852 | €82,849 | €92,145 | ▲ 11.2% |
| Trade receivables40 | €61,431 | €112,824 | €70,852 | €82,534 | €91,056 | ▲ 10.3% |
| Other amounts receivable41 | €3,248 | - | - | €315 | €1,089 | ▲ 246% |
| Current investments50/53 | €107,421 | €107,421 | €107,421 | €109,893 | €112,270 | ▲ 2.2% |
| Cash at bank and in hand54/58 | €278,596 | €326,754 | €178,667 | €229,610 | €239,479 | ▲ 4.3% |
| Deferred charges and accrued income490/1 | €11,249 | €10,361 | €11,778 | €11,427 | €11,178 | ▼ 2.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €692,919 | €779,373 | €599,124 | €684,404 | €701,341 | ▲ 2.5% |
| Equity10/15 | €199,070 | €268,265 | €328,300 | €393,300 | €453,300 | ▲ 15.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €192,870 | €262,065 | €322,100 | €387,100 | €447,100 | ▲ 15.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €191,010 | €260,205 | €320,240 | €385,240 | €445,240 | ▲ 15.6% |
| Provisions and deferred taxes16 | €7,117 | €2,230 | €8,521 | €8,753 | €9,023 | ▲ 3.1% |
| Provisions for liabilities and charges160/5 | €7,117 | €2,230 | €8,521 | €8,753 | €9,023 | ▲ 3.1% |
| Other liabilities and charges164/5 | €7,117 | €2,230 | €8,521 | €8,753 | €9,023 | ▲ 3.1% |
| Amounts payable17/49 | €486,732 | €508,879 | €262,303 | €282,351 | €239,017 | ▼ 15.3% |
| Amounts payable after more than one year17 | €401,316 | €409,606 | €213,543 | €210,130 | €181,016 | ▼ 13.9% |
| Financial debts170/4 | €401,316 | €409,606 | €213,543 | €210,130 | €181,016 | ▼ 13.9% |
| Amounts payable within one year42/48 | €85,417 | €99,273 | €48,760 | €72,221 | €58,002 | ▼ 19.7% |
| Trade debts44 | €61,558 | €67,151 | €19,512 | €57,390 | €42,555 | ▼ 25.8% |
| Suppliers440/4 | €61,558 | €67,151 | €19,512 | €57,390 | €42,555 | ▼ 25.8% |
| Taxes, remuneration and social security45 | €23,859 | €32,122 | €29,248 | €14,831 | €15,447 | ▲ 4.2% |
| Taxes450/3 | €23,859 | €32,122 | €19,838 | €6,812 | €7,053 | ▲ 3.5% |
| Remuneration and social security454/9 | - | - | €9,410 | €8,019 | €8,394 | ▲ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,500 | €69,195 | €60,036 | €65,000 | €60,000 | ▼ 7.7% |
| + Depreciation and write-downs630 | €12,208 | €12,960 | €9,092 | €7,158 | €8,282 | ▲ 15.7% |
| Operating cash flow (approximation) | €72,708 | €82,156 | €69,128 | €72,158 | €68,282 | ▼ 5.4% |
| Investment in fixed assets (approximation) | - | €1,688 | -€1,191 | -€15,920 | -€2,599 | ▲ 83.7% |
| Change in cash | - | €48,158 | -€148,087 | €50,943 | €9,869 | ▼ 80.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
ALPHAR
BE 0426.424.371
Schaarbeek · Eq €453,289
PHARMACIE DE LA SALM
BE 0449.069.121
Vielsalm · Eq €453,184
PHARMACIE SCHNEIDER - DEPOUHON
BE 0439.400.397
Frameries · Eq €453,718
PHARMACIE FIORE
BE 0413.622.351
Verviers · Eq €452,803
JONCKHEERE-SOMERS
BE 0648.971.273
Jette · Eq €453,842
Of 5,225 companies in this sector we hold annual accounts for 3,872. 3,405 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 · 1 entry · €50 awarded · €50 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | €50 | €50 |