PHARMA MULTISERVICES
ActiveSummary
PHARMA MULTISERVICES has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €354,317 and a net result of €23,161. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 9525 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▲+7
Solvency54▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.29 against 1.06 in 2023; short-term debt: 69.7% and cash: 0.1% of total assets), and 70.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
91 d late
2022
32 d late
2021
13 d early
2020
111 d late
2019
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 61 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€354,317▲ 7.0%
2023 · €331,156
Total assets
€1.2m▼ 29.8%
2023 · €1.7m
Net result
€23,161▲ 46.8%
2023 · €15,780
Working capital
-€605,613
2023 · €41,393
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€33,320▼ 76.4%€27,518▼ 17.4%€11,671▼ 57.6%€48,794▲ 318%€53,518▲ 9.7%
Net result€14,700within the sector's middle half▼ 85.5%€16,352within the sector's middle half▲ 11.2%€1,175within the sector's middle half▼ 92.8%€15,780within the sector's middle half▲ 1,243%€23,161within the sector's middle half▲ 46.8%
Equity€321,349above the sector's middle half▲ 4.8%€322,700above the sector's middle half▲ 0.4%€323,875above the sector's middle half▲ 0.4%€331,156above the sector's middle half▲ 2.2%€354,317above the sector's middle half▲ 7.0%
Total assets€1.2mabove the sector's middle half▼ 0.6%€1.1mabove the sector's middle half▼ 11.5%€1.9mabove the sector's middle half▲ 80.8%€1.7mabove the sector's middle half▼ 9.3%€1.2mabove the sector's middle half▼ 29.8%
Debt€875,079▼ 2.5%€736,548▼ 15.8%€1.6m▲ 116%€1.4m▼ 11.7%€864,452▼ 38.5%
Working capital-€496,873below the sector's middle half▼ 2.7%-€519,876below the sector's middle half▼ 4.6%€60,287within the sector's middle half€41,393within the sector's middle half▼ 31.3%-€605,613below the sector's middle half
Solvency26.9%within the sector's middle half▲ 1.4pp30.5%within the sector's middle half▲ 3.6pp16.9%within the sector's middle half▼ 13.6pp19.1%within the sector's middle half▲ 2.2pp29.1%within the sector's middle half▲ 10.0pp
Current ratio0.28below the sector's middle half▲ 0.010.13below the sector's middle half▼ 0.151.07within the sector's middle half▲ 0.941.06within the sector's middle half▼ 0.010.29below the sector's middle half▼ 0.77
Return on assets (ROA)1.2%within the sector's middle half▼ 7.2pp1.5%within the sector's middle half▲ 0.3pp0.1%within the sector's middle half▼ 1.5pp0.9%within the sector's middle half▲ 0.8pp1.9%within the sector's middle half▲ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 10% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€975,209 =
Current assets
€243,559 ▼ 68.0%
Equity and liabilities €1.2m
Equity
€354,317 ▲ 7.0%
Debt
€864,452 ▼ 38.5%
Debt's share of the balance-sheet total falls from 80.9% to 70.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53,555▲
2023 · €52,379
Cash flow
€23,198▲
2023 · €19,366
Debt to equity
2.44▼
2023 · 4.24
ROE
6.5%▲
2023 · 4.8%
Interest coverage
2.37▲
2023 · 1.68
Debt ≤ 1 year
€849,172▲
2023 · €719,496
Debt > 1 year
€15,279▼
2023 · €685,483
Income taxes
€7,720▲
2023 · €1,913
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,191 | €22,215 | €3,586 | €3,586 | €37 | ▼ 99.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €170,000 | - | - |
| Other operating charges640/8 | - | €5,470 | €9,567 | €4,479 | €4,541 | ▲ 1.4% |
| Gross operating margin9900 | €63,894 | €55,204 | €24,824 | €226,858 | €58,096 | ▼ 74.4% |
| Operating profit (loss)9901 | €33,320 | €27,518 | €11,671 | €48,794 | €53,518 | ▲ 9.7% |
| Financial charges65/66B | - | €5,221 | €9,564 | €31,100 | €22,636 | ▼ 27.2% |
| Recurring financial charges65 | €11,012 | €5,221 | €9,564 | €31,100 | €22,636 | ▼ 27.2% |
| Profit (loss) for the period before taxes9903 | €22,309 | €22,297 | €2,107 | €17,694 | €30,881 | ▲ 74.5% |
| Income taxes67/77 | €7,609 | €5,946 | €932 | €1,913 | €7,720 | ▲ 304% |
| Profit (loss) for the period9904 | €14,700 | €16,352 | €1,175 | €15,780 | €23,161 | ▲ 46.8% |
| Profit (loss) for the period to be appropriated9905 | €14,700 | €16,352 | €1,175 | €15,780 | €23,161 | ▲ 46.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.1m | €1.9m | €1.7m | €1.2m | ▼ 29.8% |
| Fixed assets21/28 | €1.0m | €982,501 | €978,915 | €975,246 | €975,209 | = |
| Tangible fixed assets22/27 | €29,633 | €7,417 | €3,832 | €246 | €209 | ▼ 15.0% |
| Furniture and vehicles24 | - | €7,097 | €3,549 | - | - | - |
| Other tangible fixed assets26 | - | €320 | €283 | €246 | €209 | ▼ 15.0% |
| Financial fixed assets28 | €975,084 | €975,084 | €975,084 | €975,000 | €975,000 | = |
| Current assets29/58 | €191,712 | €76,747 | €935,953 | €760,889 | €243,559 | ▼ 68.0% |
| Stocks and contracts in progress3 | - | - | €810,000 | €640,000 | - | - |
| Stocks30/36 | - | - | €810,000 | €640,000 | - | - |
| Amounts receivable within one year40/41 | €189,218 | €73,044 | €121,931 | €117,000 | €242,472 | ▲ 107% |
| Trade receivables40 | - | - | €90,000 | €117,000 | €242,472 | ▲ 107% |
| Other amounts receivable41 | - | €73,044 | €31,931 | - | - | - |
| Cash at bank and in hand54/58 | €2,072 | €2,912 | €3,192 | €3,889 | €1,035 | ▼ 73.4% |
| Deferred charges and accrued income490/1 | - | €792 | €830 | - | €52 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.9m | €1.7m | €1.2m | ▼ 29.8% |
| Equity10/15 | €321,349 | €322,700 | €323,875 | €331,156 | €354,317 | ▲ 7.0% |
| Contributions10/11 | - | €12,500 | €12,500 | €19,000 | €19,000 | = |
| Reserves13 | €20,650 | €20,650 | €20,650 | €20,650 | €20,650 | = |
| Non-distributable reserves130/1 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Profit (loss) carried forward14 | €288,199 | €289,550 | €290,725 | €291,506 | €314,667 | ▲ 7.9% |
| Amounts payable17/49 | €875,079 | €736,548 | €1.6m | €1.4m | €864,452 | ▼ 38.5% |
| Amounts payable after more than one year17 | €186,494 | €139,925 | €715,327 | €685,483 | €15,279 | ▼ 97.8% |
| Financial debts170/4 | - | €127,925 | €703,327 | €673,483 | €3,279 | ▼ 99.5% |
| Other amounts payable178/9 | - | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Amounts payable within one year42/48 | €688,585 | €596,623 | €875,667 | €719,496 | €849,172 | ▲ 18.0% |
| Current portion of amounts payable after more than one year42 | - | €46,569 | €46,111 | €45,360 | €30,769 | ▼ 32.2% |
| Financial debts43 | - | - | €39 | - | - | - |
| Credit institutions430/8 | - | - | €39 | - | - | - |
| Trade debts44 | €281,764 | €246,659 | €255,452 | €16,880 | €30,561 | ▲ 81.0% |
| Suppliers440/4 | - | €246,659 | €255,452 | €16,880 | €30,561 | ▲ 81.0% |
| Taxes, remuneration and social security45 | - | €45,008 | €15,097 | €73,560 | €75,084 | ▲ 2.1% |
| Taxes450/3 | - | €45,008 | €15,097 | €73,560 | €72,084 | ▼ 2.0% |
| Remuneration and social security454/9 | - | - | - | - | €3,000 | - |
| Other amounts payable47/48 | - | €258,387 | €558,968 | €583,695 | €712,759 | ▲ 22.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,700 | €16,352 | €1,175 | €15,780 | €23,161 | ▲ 46.8% |
| + Depreciation and write-downs630 | €22,191 | €22,215 | €3,586 | €3,586 | €37 | ▼ 99.0% |
| Operating cash flow (approximation) | €36,891 | €38,567 | €4,760 | €19,366 | €23,198 | ▲ 19.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €84 | €0 | ▼ 100% |
| Change in cash | - | €839 | €281 | €696 | -€2,854 | ▼ 510% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €1,175 ▼92.8%
Net result drops to €1,175, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 8current ratio 1.07
Current ratio from 0.13 to 1.07.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 111 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Highest result since 2018net €101,342 ▲47.3%
Operating result €141,406, net result €101,342, both a record.
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 107 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2005
Ground area
519 m²
Building footprint
73 m²
Volume, LiDAR
1,041 m³
2 parcels, Brussels · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
PHARMA MULTISERVICES
since 20052.146.252.583
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0306/00H000 | Brussels | 349 m² | - | - |
| 21002A0094/00S008 | Brussels | 170 m² | 1 · 73 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
VAworks
BE 0544.704.191
Elsene · Eq €354,319
NETVISION
BE 0478.252.164
Etterbeek · Eq €354,354
EMERPOINT
BE 0770.794.662
Izegem · Eq €354,490
ART KIOSK
BE 0453.799.949
Brussel · Eq €354,823
LKDM
BE 0835.380.430
Elsene · Eq €354,887
Of 24,518 companies in sector 82990 we hold annual accounts for 9,421. 6,356 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0871504517
Registered
25-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.