NAGELS
ActiveNAGELS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €919k and a net result of €245k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 10206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
91
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+15
Solvency77▼-10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.82 in 2024), but 58.6% 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 2025Solvency, return and age of the figures
Solvency
41.4%
Return on assets
11.1%
Age of the figures
8 mo
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
16 d early
2023
14 d late
2022
21 d early
2021
23 d early
2020
33 d early
2019
13 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€919k=
2024 · €919k
2018: €479k
2019: €400k
2020: €400k
2021: €400k
2022: €568k
2023: €762k
2024: €919k
2018 → 2025
Total assets
€2.22M▲ 12.3%
2024 · €1.98M
2018: €1.73M
2019: €1.34M
2020: €1.34M
2021: €1.51M
2022: €1.67M
2023: €1.89M
2024: €1.98M
2018 → 2025
Net result
€245k▲ 56.3%
2024 · €157k
2018: €58k
2019: €115k
2020: €129k
2021: €134k
2022: €168k
2023: €194k
2024: €157k
2018 → 2025
Working capital
€701k▼ 1.8%
2024 · €714k
2018: €30k
2019: €19k
2020: €83k
2021: €106k
2022: €255k
2023: €510k
2024: €714k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€400k-€568k▲ 42.0%€762k▲ 34.2%€919k▲ 20.6%€919k=
Operating result€222k-€273k▲ 23.1%€295k▲ 8.0%€242k▼ 18.2%€363k▲ 50.4%
Net result€134k-€168k▲ 25.8%€194k▲ 15.5%€157k▼ 19.1%€245k▲ 56.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 50% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.22M
Fixed assets
€396k▲ 2.1%
Current assets
€1.82M▲ 14.8%
Equity and liabilities €2.22M
Equity
€919k=
Debt
€1.30M▲ 23.0%
The debt ratio rises from 53.5% to 58.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€403k▲
2024 · €337k
Cash flow
€285k▲
2024 · €253k
Solvency
41.4%▼
2024 · 46.5%
Current ratio
1.63▼
2024 · 1.82
Quick ratio
1.28▼
2024 · 1.43
Debt / equity
1.41▲
2024 · 1.15
ROE
26.7%▲
2024 · 17.1%
ROA
11.1%▲
2024 · 7.9%
Interest coverage
9.39▲
2024 · 8.72
Debt
€1.30M▲
2024 · €1.06M
Debt ≤ 1 year
€1.12M▲
2024 · €874k
Debt > 1 year
€150k▼
2024 · €180k
Income taxes
€84k▲
2024 · €54k
Staff costs
€207k▲
2024 · €204k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.98M€2.22M▲
Fixed assets21/28€388k€396k▲
Tangible fixed assets22/27€383k€389k▲
Land and buildings22€331k€334k▲
Plant, machinery and equipment23€26k€34k▲
Furniture and vehicles24€26k€21k▼
Financial fixed assets28€5k€7k▲
Current assets29/58€1.59M€1.82M▲
Stocks and contracts in progress3€342k€392k▲
Stocks30/36€342k€392k▲
Amounts receivable within one year40/41€198k€218k▲
Trade receivables40€176k€196k▲
Other amounts receivable41€22k€22k▼
Current investments50/53€941k€947k▲
Cash at bank and in hand54/58€81k€259k▲
Deferred charges and accrued income490/1€26k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.98M€2.22M▲
Equity10/15€919k€919k=
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€858k€858k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€852k€852k=
Amounts payable17/49€1.06M€1.30M▲
Amounts payable after more than one year17€180k€150k▼
Financial debts170/4€180k€150k▼
Amounts payable within one year42/48€874k€1.12M▲
Current portion of amounts payable after more than one year42€30k€33k▲
Trade debts44€208k€208k▼
Suppliers440/4€208k€208k▼
Taxes, remuneration and social security45€24k€26k▲
Taxes450/3-€253
Remuneration and social security454/9€24k€25k▲
Other amounts payable47/48€612k€855k▲
Accrued charges and deferred income492/3€3k€28k▲
Income statement
Code20242025
Non-recurring operating income76A-€154
Remuneration, social security and pensions62€204k€207k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€39k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€544k€613k▲
Operating profit (loss)9901€242k€363k▲
Financial income75/76B€9k€9k▲
Recurring financial income75€9k€9k▲
Financial charges65/66B€39k€43k▲
Recurring financial charges65€39k€43k▲
Profit (loss) for the period before taxes9903€211k€329k▲
Income taxes67/77€54k€84k▲
Profit (loss) for the period9904€157k€245k▲
Profit (loss) for the period to be appropriated9905€157k€245k▲
Appropriation of the result
Profit (loss) to be appropriated9906€157k€245k▲
Transfer to equity691/2€157k-
To other reserves6921€157k-
Profit to be distributed694/7-€245k
Return on contributions (dividend)694-€245k
Social balance
Average headcount (FTE)90874.04.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €245k ▲56.3%
Operating result €363k, net result €245k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €568k ▲42%
5 profitable years in a row build equity to €568k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2022
DYNAMIT
CurrentDirector · since 25-04-2022 · Legal entity · perm. rep.: DYNAMIT
25-04-2022
DYNAMIT: Appointed as Director
31-12-2021
MEES Jeroen: Resigned as Director
Location & real-estate footprint
Registered office, Stabroek · 1 establishment unit since 1986
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.
Hoge Weg 1012940 StabroekGround area
759 m²
Building footprint
232 m²
Volume, LiDAR
1,826 m³
Parcel 11020I0481/00C000, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Hoge Weg 101, 2940 Stabroek
since 19862.034.633.101
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11020I0481/00C000 | Flanders | 759 m² | 1 · 232 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
APOTHEEK DENYS ZANDHOVEN
BE 0473.669.806
Zandhoven · Eq €919k
TORNAPHAR
BE 0448.509.588
Tournai · Eq €919k
APOTHEEK I. DE BAUW
BE 0871.067.225
Putte · Eq €920k
APOTHEKEN PEETERS
BE 0449.228.675
Lummen · Eq €919k
Apotheek Waelput
BE 0448.997.657
Sint-Niklaas · Eq €920k
Of 5,208 companies in sector 47730 we hold annual accounts for 3,850. 3,068 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-09-1986
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
52310
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.