PHARDEC
ActivePHARDEC has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97k and a net result of €-92k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 41% of 4119 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency50▼-37
Growth32=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.22 against 1.7 in 2024), and 71.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.9%
Return on assets
-27.4%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€92k
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
50 d early
2023
29 d late
2022
30 d late
2021
30 d late
2020
31 d late
2019
55 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
13-09-2026 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
€-92k▼ 521%
2024 · €-15k
2018: €38k
2019: €26k
2020: €20k
2021: €-2k
2022: €-3k
2023: €-15k
2024: €-15k
2018 → 2025
Working capital
€51k▼ 63.5%
2024 · €139k
2018: €154k
2019: €163k
2020: €169k
2021: €162k
2022: €162k
2023: €145k
2024: €139k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€222k-€219k▼ 1.2%€204k▼ 7.0%€189k▼ 7.3%€97k▼ 48.7%
Operating result€502-€27k▲ 5,182%€-13k€-13k▼ 1.6%€-90k▼ 605%
Net result€-2k-€-3k▼ 42.4%€-15k▼ 499%€-15k▲ 3.3%€-92k▼ 521%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €90k in 2025 against €13k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €336k
Fixed assets
€49k▼ 10.5%
Current assets
€286k▼ 15.4%
Equity and liabilities €336k
Equity
€97k▼ 48.7%
Provisions
€3k=
Debt
€236k▲ 17.0%
The debt ratio rises from 51.2% to 70.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-84k▼
2024 · €-6k
Cash flow
€-86k▼
2024 · €-8k
Solvency
28.9%▼
2024 · 48.1%
Current ratio
1.22▼
2024 · 1.70
Quick ratio
0.86▼
2024 · 1.21
Debt / equity
2.43▲
2024 · 1.06
ROE
-94.9%▼
2024 · -7.8%
ROA
-27.4%▼
2024 · -3.8%
Interest coverage
-33.55▼
2024 · -2.47
Debt
€236k▲
2024 · €201k
Debt ≤ 1 year
€236k▲
2024 · €199k
Income taxes
€75▲
2024 · €74
Staff costs
€226k▲
2024 · €213k
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€393k€336k▼
Fixed assets21/28€55k€49k▼
Tangible fixed assets22/27€55k€49k▼
Land and buildings22€45k€45k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€6k€3k▼
Current assets29/58€338k€286k▼
Stocks and contracts in progress3€98k€84k▼
Stocks30/36€98k€84k▼
Amounts receivable within one year40/41€202k€159k▼
Trade receivables40€47k€37k▼
Other amounts receivable41€156k€121k▼
Cash at bank and in hand54/58€35k€42k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€393k€336k▼
Equity10/15€189k€97k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€162k€162k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€155k€155k=
Profit (loss) carried forward14€-35k€-127k▼
Provisions and deferred taxes16€3k€3k=
Provisions for liabilities and charges160/5€3k€3k=
Environmental obligations163€3k-
Other liabilities and charges164/5-€3k
Amounts payable17/49€201k€236k▲
Amounts payable within one year42/48€199k€236k▲
Trade debts44€59k€73k▲
Suppliers440/4€59k€73k▲
Taxes, remuneration and social security45€38k€38k=
Taxes450/3€3k€149▼
Remuneration and social security454/9€35k€38k▲
Other amounts payable47/48€102k€124k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€213k€226k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€212k€147k▼
Operating profit (loss)9901€-13k€-90k▼
Financial income75/76B€393€232▼
Recurring financial income75€393€232▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-15k€-92k▼
Income taxes67/77€74€75▲
Profit (loss) for the period9904€-15k€-92k▼
Profit (loss) for the period to be appropriated9905€-15k€-92k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-127k▼
Profit (loss) brought forward from the previous period14P€-20k€-35k▼
Social balance
Average headcount (FTE)90872.93.1▲
The notes to these accounts (6 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 55 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Koekelberg · 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.
Segherslaan 541081 KoekelbergGround area
150 m²
Building footprint
109 m²
Volume, LiDAR
796 m³
Parcel 21492B0096/00K005, Brussels · tallest building 14.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Segherslaan 54, 1081 Koekelberg
since 19862.038.792.322
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0096/00K005 | Brussels | 149 m² | 1 · 109 m² | 14.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKoekelberg2.038.792.322
Similar companies · same sector, comparable size
Pharmacie Saint-Pierre
BE 0825.406.157
Walcourt · Eq €97k
APOTHEEK VOSSELARE
BE 0698.795.621
Deinze · Eq €97k
FARMA BOOISCHOT
BE 0479.854.248
Heist-op-den-Berg · Eq €97k
PHARMACIE TAOUS
BE 0833.528.720
Brussel · Eq €97k
SOLIENA
BE 0632.870.758
Buggenhout · Eq €97k
Of 5,208 companies in sector 47730 we hold annual accounts for 3,850. 3,395 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-01-1986
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 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.