PHALADEL
ActiveSummary
PHALADEL has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €437k and a net result of €2k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 76% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-5
Solvency88▲+31
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.49 against 1.43 in 2024; short-term debt: 21.9% and cash: 9.6% of total assets), and 37% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
63%
Return on assets
0.4%
Age of the figures
9 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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
4 d late
2023
43 d late
2022
26 d early
2021
31 d late
2020
26 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k▼ 95.3%
2024 · €53k
2018: €40k
2019: €10k▼ -75.2% vs 2018
2020: €13k▲ +36.3% vs 2019
2021: €47k▲ +252% vs 2020
2022: €67k▲ +41.6% vs 2021highest in 8 years
2023: €33k▼ -49.8% vs 2022
2024: €53k▲ +59.0% vs 2023
2025: €2k▼ -95.3% vs 2024lowest in 8 years
2018 → 2025
Working capital
€379k▼ 5.5%
2024 · €401k
2018: €1.22M
2019: €1.24M▲ +1.9% vs 2018highest in 8 years
2020: €754k▼ -39.4% vs 2019
2021: €556k▼ -26.4% vs 2020
2022: €405k▼ -27.1% vs 2021
2023: €1.13M▲ +178% vs 2022
2024: €401k▼ -64.4% vs 2023
2025: €379k▼ -5.5% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.33M-€1.18M▼ 11.5%€1.16M▼ 1.8%€435k▼ 62.4%€437k▲ 0.6%
2021: €1.33Mhighest in 5 years
2022: €1.18M▼ -11.5% vs 2021
2023: €1.16M▼ -1.8% vs 2022
2024: €435k▼ -62.4% vs 2023lowest in 5 years
2025: €437k▲ +0.6% vs 2024
Operating result€51k-€77k▲ 49.8%€49k▼ 36.1%€56k▲ 14.8%€4k▼ 92.7%
2021: €51k
2022: €77k▲ +49.8% vs 2021highest in 5 years
2023: €49k▼ -36.1% vs 2022
2024: €56k▲ +14.8% vs 2023
2025: €4k▼ -92.7% vs 2024lowest in 5 years
Net result€47k-€67k▲ 41.6%€33k▼ 49.8%€53k▲ 59.0%€2k▼ 95.3%
2021: €47k
2022: €67k▲ +41.6% vs 2021highest in 5 years
2023: €33k▼ -49.8% vs 2022
2024: €53k▲ +59.0% vs 2023
2025: €2k▼ -95.3% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 93% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €694k
Fixed assets
€163k ▲ 267%
Current assets
€531k ▼ 60.0%
Equity and liabilities €694k
Equity
€437k ▲ 0.6%
Debt
€257k ▼ 72.5%
Debt's share of the balance-sheet total falls from 68.3% to 37.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27k▼
2024 · €62k
Cash flow
€25k▼
2024 · €59k
Current ratio
3.49▲
2024 · 1.43
Quick ratio
2.70▲
2024 · 1.27
Debt to equity
0.59▼
2024 · 2.16
ROE
0.6%▼
2024 · 12.2%
ROA
0.4%▼
2024 · 3.9%
Interest coverage
8.54▼
2024 · 44.68
Debt ≤ 1 year
€152k▼
2024 · €926k
Debt > 1 year
€105k▲
2024 · €11k
Income taxes
€165▼
2024 · €25k
Staff costs
€230k▲
2024 · €178k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.37M€694k▼
Fixed assets21/28€45k€163k▲
Tangible fixed assets22/27€45k€163k▲
Land and buildings22€25k€150k▲
Plant, machinery and equipment23€2k€938▼
Furniture and vehicles24€17k€13k▼
Current assets29/58€1.33M€531k▼
Stocks and contracts in progress3€146k€121k▼
Stocks30/36€146k€121k▼
Amounts receivable within one year40/41€1.05M€339k▼
Trade receivables40€82k€93k▲
Other amounts receivable41€968k€246k▼
Current investments50/53€50k-
Cash at bank and in hand54/58€80k€67k▼
Deferred charges and accrued income490/1€285€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.37M€694k▼
Equity10/15€435k€437k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€287k€287k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€281k€281k=
Profit (loss) carried forward14€85k€88k▲
Amounts payable17/49€937k€257k▼
Amounts payable after more than one year17€11k€105k▲
Financial debts170/4€11k€105k▲
Amounts payable within one year42/48€926k€152k▼
Current portion of amounts payable after more than one year42€5k€12k▲
Financial debts43€59k€2k▼
Credit institutions430/8€59k€2k▼
Trade debts44€54k€96k▲
Suppliers440/4€54k€96k▲
Taxes, remuneration and social security45€31k€38k▲
Taxes450/3€786€2k▲
Remuneration and social security454/9€30k€36k▲
Other amounts payable47/48€777k€3k▼
Accrued charges and deferred income492/3€7-
Income statement
Code20242025
Remuneration, social security and pensions62€178k€230k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€23k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€13k
Other operating charges640/8€4€276▲
Gross operating margin9900€240k€269k▲
Operating profit (loss)9901€56k€4k▼
Financial income75/76B€23k€2k▼
Recurring financial income75€23k€2k▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€78k€3k▼
Income taxes67/77€25k€165▼
Profit (loss) for the period9904€53k€2k▼
Profit (loss) for the period to be appropriated9905€53k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€88k▲
Profit (loss) brought forward from the previous period14P€32k€85k▲
Transfer from equity791/2€775k-
Profit to be distributed694/7€775k-
Return on contributions (dividend)694€775k-
Social balance
Average headcount (FTE)90873.64.0▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €223 | €2k | €7k | - | - | - |
| Remuneration, social security and pensions62 | €103k | €151k | €171k | €178k | €230k | ▲ 29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €873 | €6k | €23k | ▲ 281% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €13k | - |
| Other operating charges640/8 | €25k | €24k | €0 | €4 | €276 | ▲ 7,491% |
| Non-recurring operating charges66A | €462 | €24k | €394 | - | - | - |
| Gross operating margin9900 | €183k | €280k | €221k | €240k | €269k | ▲ 12.3% |
| Operating profit (loss)9901 | €51k | €77k | €49k | €56k | €4k | ▼ 92.7% |
| Financial income75/76B | €12k | €14k | €17k | €23k | €2k | ▼ 92.8% |
| Recurring financial income75 | €12k | €14k | €17k | €23k | €2k | ▼ 92.8% |
| Financial charges65/66B | €430 | €612 | €21k | €1k | €3k | ▲ 124% |
| Recurring financial charges65 | €430 | €612 | €21k | €1k | €3k | ▲ 124% |
| Profit (loss) for the period before taxes9903 | €63k | €90k | €45k | €78k | €3k | ▼ 96.6% |
| Income taxes67/77 | €16k | €24k | €12k | €25k | €165 | ▼ 99.3% |
| Profit (loss) for the period9904 | €47k | €67k | €33k | €53k | €2k | ▼ 95.3% |
| Profit (loss) for the period to be appropriated9905 | €47k | €67k | €33k | €53k | €2k | ▼ 95.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.43M | €1.29M | €1.29M | €1.37M | €694k | ▼ 49.4% |
| Fixed assets21/28 | €782k | €779k | €29k | €45k | €163k | ▲ 267% |
| Tangible fixed assets22/27 | €31k | €28k | €29k | €45k | €163k | ▲ 267% |
| Land and buildings22 | €25k | €25k | €25k | €25k | €150k | ▲ 492% |
| Plant, machinery and equipment23 | €4k | €2k | €4k | €2k | €938 | ▼ 58.3% |
| Furniture and vehicles24 | €1k | €367 | €610 | €17k | €13k | ▼ 25.6% |
| Financial fixed assets28 | €751k | €751k | - | - | - | - |
| Current assets29/58 | €646k | €513k | €1.26M | €1.33M | €531k | ▼ 60.0% |
| Stocks and contracts in progress3 | €121k | €81k | €127k | €146k | €121k | ▼ 17.6% |
| Stocks30/36 | €121k | €81k | €127k | €146k | €121k | ▼ 17.6% |
| Amounts receivable within one year40/41 | €106k | €132k | €70k | €1.05M | €339k | ▼ 67.7% |
| Trade receivables40 | €99k | €108k | €61k | €82k | €93k | ▲ 12.9% |
| Other amounts receivable41 | €7k | €24k | €9k | €968k | €246k | ▼ 74.6% |
| Current investments50/53 | - | - | €980k | €50k | - | - |
| Cash at bank and in hand54/58 | €417k | €297k | €63k | €80k | €67k | ▼ 16.6% |
| Deferred charges and accrued income490/1 | €2k | €2k | €17k | €285 | €5k | ▲ 1,568% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.43M | €1.29M | €1.29M | €1.37M | €694k | ▼ 49.4% |
| Equity10/15 | €1.33M | €1.18M | €1.16M | €435k | €437k | ▲ 0.6% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | - | €62k | €62k | €62k | = |
| Issued capital100 | - | - | €62k | €62k | €62k | = |
| Reserves13 | €1.27M | €1.12M | €1.06M | €287k | €287k | = |
| Non-distributable reserves130/1 | €5k | €5k | €6k | €6k | €6k | = |
| Legal reserve130 | - | - | €6k | €6k | €6k | = |
| Reserves not available under the articles1311 | €5k | €5k | - | - | - | - |
| Distributable reserves133 | €1.26M | €1.11M | €1.06M | €281k | €281k | = |
| Profit (loss) carried forward14 | - | - | €32k | €85k | €88k | ▲ 2.9% |
| Amounts payable17/49 | €97k | €114k | €130k | €937k | €257k | ▼ 72.5% |
| Amounts payable after more than one year17 | - | - | - | €11k | €105k | ▲ 875% |
| Financial debts170/4 | - | - | - | €11k | €105k | ▲ 875% |
| Amounts payable within one year42/48 | €91k | €108k | €130k | €926k | €152k | ▼ 83.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5k | €12k | ▲ 155% |
| Financial debts43 | - | - | €60k | €59k | €2k | ▼ 96.9% |
| Credit institutions430/8 | - | - | €60k | €59k | €2k | ▼ 96.9% |
| Trade debts44 | €76k | €82k | €42k | €54k | €96k | ▲ 77.0% |
| Suppliers440/4 | €76k | €82k | €42k | €54k | €96k | ▲ 77.0% |
| Taxes, remuneration and social security45 | €15k | €26k | €25k | €31k | €38k | ▲ 23.5% |
| Taxes450/3 | €1k | €5k | €1k | €786 | €2k | ▲ 207% |
| Remuneration and social security454/9 | €13k | €21k | €24k | €30k | €36k | ▲ 18.7% |
| Other amounts payable47/48 | - | - | €3k | €777k | €3k | ▼ 99.6% |
| Accrued charges and deferred income492/3 | €6k | €6k | - | €7 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47k | €67k | €33k | €53k | €2k | ▼ 95.3% |
| + Depreciation and write-downs630 | €3k | €3k | €873 | €6k | €23k | ▲ 281% |
| Operating cash flow (approximation) | €50k | €69k | €34k | €59k | €25k | ▼ 57.5% |
| Investment in fixed assets (approximation) | - | €0 | €749k | €-21k | €-141k | ▼ 573% |
| Change in cash | - | €-120k | €-234k | €17k | €-13k | ▼ 177% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €2k ▼95.3%
Net result drops to €2k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.49
Current ratio from 1.43 to 3.49; short-term debt falls from €926k to €152k.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 43 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 9.69
Current ratio from 4.75 to 9.69.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €67k ▲41.6%
Operating result €77k, net result €67k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Braine-le-Comte · 1 establishment unit since 1977
Ground area
560 m²
Building footprint
179 m²
Parcel 55302C0163/00G008, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de la Station 78, 7090 Braine-le-Comte
since 19772.013.642.794
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55302C0163/00G008 | Wallonia | 560 m² | 1 · 179 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBraine-le-Comte2.013.642.794
Legal Entity Identifier
254900KSI3KYR9NMFJ66
Similar companies · same sector, comparable size
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PHARMACIE A-L SPRUMONT
BE 0840.536.078
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APOTEEK BRECKPOT
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Of 5,220 companies in sector 47730 we hold annual accounts for 3,861. 3,410 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-05-1977
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
Scores and ratios are computed by Checked and are not a credit decision.