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Generated 22-07-2026
Active BE 0458.489.207Private limited company

PHARMA & FLO

Rue du Pont des Ardennes(JB) 20 ·5100 Namur, Belgium· 30 yrs active
Sector: Retail trade (47730)
Conclusion Checked

The computed 12-month bankruptcy probability of PHARMA & FLO is 0.5% (low). The 2024 annual accounts show equity of €1.45M and a net result of €315k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 858 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €1.45M
Net result €315k
Staff (FTE) 8.1
Better than sector 84%
Snowflake analysis 5 axes · computed by Checked
Health100Profitability100Solvency87Growth78Stability100
93 / 100

Exceptional profile, strong across almost every axis.

Health 100
Profitability 100
Solvency 87
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.5% Low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1996, 30 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
100 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 28-08-2025 with the NBB · fiscal year 2024 · volledig
€0€100k€200k€300kOperating result 2020: €234k€234kNet result 2020: €241k€241kOperating result 2021: €257k€257kNet result 2021: €274k€274kOperating result 2022: €297k€297kNet result 2022: €290k€290kOperating result 2023: €289k€289kNet result 2023: €282k€282kOperating result 2024: €305k€305kNet result 2024: €315k€315k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~17.3%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€1.00M€2.00M€3.00M2025: €1.95M (€1.84M - €2.07M)2026: €2.29M (€2.18M - €2.41M)2027: €2.69M (€2.57M - €2.81M)2018: €471k2019: €762k2020: €879k2021: €1.02M2022: €1.25M2023: €1.42M2024: €1.45M2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 55.7% 17.5%
better than 84% of 858 sector peers
Net result €315k €14k
better than 93% of 859 sector peers
Equity €1.45M €101k
better than 92% of 860 sector peers
Gross operating margin €762k €213k
better than 85% of 787 sector peers
Staff costs €445k €219k
higher than 71% of 708 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€310k
+3.4% +7% vs sector
Net profit
€315k
+11.9% far above sector median
Cash flow
€321k
+9.7% +55% vs sector
Total assets
€2.60M
+8.4% +107% vs sector
Equity
€1.45M
+2.1% +238% vs sector
Working capital
€526k
-8.9% +21% vs sector
Employees (FTE)
8
+6.6% +108% vs sector
Staff costs
€445k
-5.4% +60% vs sector
Income taxes
€104k
+10.4% +131% vs sector
Dividends
€285k
+159.1% far above sector median
Debt
€1.15M
+17.6% +39% vs sector
Debt ≤ 1y
€1.02M
+34.2% +61% vs sector
Debt > 1y
€133k
-39.7% -63% vs sector
Current ratio
1.51
-13.9% ≈ vs sector
Quick ratio
1.14
-10.9% -13% vs sector
Solvency
55.7%
-5.8% +63% vs sector
Debt / equity
0.80
+15.1% -59% vs sector
ROE
21.7%
+9.6% ≈ vs sector
ROA
12.1%
+3.2% +152% vs sector
Interest coverage
51.58
+130.7% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€310k
Net profit€315k
Cash flow€321k
Staff costs€445k
Income taxes€104k
Dividends€285k
Total assets€2.60M
Equity€1.45M
Debt€1.15M
of which ≤ 1y€1.02M
of which > 1y€133k
Working capital€526k
Employees (FTE)8.1
Ratios (computed)
2024
Current ratio1.51
Quick ratio1.14
Working capital ratio20.2%
Solvency55.7%
Debt / equity0.80
Long-term debt ratio0.09
Interest coverage51.58
Gross margin-
Net margin-
ROA12.1%
ROE21.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€2.60M
Fixed assets 21/28€1.06M
Tangible fixed assets 22/27€16k
Financial fixed assets 28€1.04M
Current assets 29/58€1.55M
Stocks & contracts in progress 3€384k
Amounts receivable within one year 40/41€730k
Cash & bank 54/58€424k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.60M
Equity 10/15€1.45M
Contributions / capital 10/11€19k
Reserves 13€1.37M
Accumulated profits (losses) 14€62k
Amounts payable 17/49€1.15M
Amounts payable after one year 17€133k
Amounts payable within one year 42/48€1.02M
Trade debts payable within one year 44€207k
Income statement
Gross operating margin 9900€762k
Operating result 9901€305k
Financial income 75€121k
Financial charges 65€6k
Result before taxes 9903€419k
Income taxes 67/77€104k
Net result for the period 9904€315k
Result to be appropriated 9905€315k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Retail trade(47730)
Legal form Private limited company(610)
Incorporation29-06-1996
StatusActive
Postal code5100
Establishment units 1 location
Rue de Dave(JB) 217, 5100 Namur
Bemiddelingsactiviteiten in verband met goederenvervoer
since 19962.078.557.075
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92067B0374/00A000 Wallonia 471 m² 1 · 425 m² 24.3 m · 7 fl.
92322F0766/00_000 Wallonia 210 m² 1 · 95 m² 14.4 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
28-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
26-02-2025
State Gazette act Director changes
Louis JADOUL
2024
26-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
20-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
07-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
02-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
30-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
03-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
06-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
04-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
29-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
26-02-2025 Change in the board of directors Director changes·Louis JADOUL
Notary: Louis JADOUL · Namur
Technical details 
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  "act_meta": {
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  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2025-02-25",
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  "is_correction": false,
  "subject_company": {
    "kbo": "0458.489.207",
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  "publication_proxy": {
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  "co_filed_documents": [],
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Apotheken47730Detailhandel in farmaceutische producten47730Apothekers52310
Primary activity highlighted.
Names & trade names
Legal nameFR PHARMA & FLO
Registered office
Rue du Pont des Ardennes(JB) 20
5100 Namur, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative