PHARMACITY
ActiveSummary
PHARMACITY is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€296,494) and a net result of -€47,304. Equity is shrinking by about 50% per year across the filed financial years. Its solvency ranks better than 7% of 77 sector peers (NACE 65, financial year 2025). The company has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€296,494
- Loss
- -€47,304
- Jean-Antoine LacroixDirector
- Laurent LacroixDirector
- Pierre MassarDirector
Signalsraises riskWeak solvency vs sector2025 accounts filed 76 days lateShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
This company filed its last 7 accounts on average 45 days after the deadline; the sector median (NACE 65) for financial year 2024 is 29 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (76 days) Filed on 15 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00563664.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €34,437 in 2025 against €36,639 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 65, Insurance, reinsurance and pension funding, except compulsory social security: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86,071 | €115,989 | €116,926 | €131,029 | €140,925 | €140,791 | €115,584 | €121,038 | ▲ 4.7% |
| Other operating charges640/8 | - | - | - | €6,298 | €4,346 | €4,581 | €8,242 | €11,070 | ▲ 34.3% |
| Gross operating margin9900 | €91,027 | €90,630 | €103,114 | €71,137 | €97,575 | €115,021 | €87,187 | €97,670 | ▲ 12.0% |
| Operating profit (loss)9901 | €1,978 | -€113,743 | -€14,680 | -€66,189 | -€47,696 | -€30,351 | -€36,639 | -€34,437 | ▲ 6.0% |
| Financial income75/76B | - | - | - | - | - | €59 | €54 | €21,389 | ▲ 394× |
| Recurring financial income75 | €0 | €4 | - | - | - | €59 | €54 | €21,389 | ▲ 394× |
| Financial charges65/66B | - | - | - | €59,624 | €39,371 | €45,870 | €24,504 | €34,011 | ▲ 38.8% |
| Recurring financial charges65 | €55,919 | €57,146 | €46,596 | €59,624 | €39,371 | €45,870 | €24,504 | €34,011 | ▲ 38.8% |
| Profit (loss) for the period before taxes9903 | -€53,942 | -€170,885 | -€61,276 | -€125,813 | -€87,068 | -€76,162 | -€61,088 | -€47,060 | ▲ 23.0% |
| Income taxes67/77 | - | €4,038 | - | €129 | €73 | €97 | €239 | €244 | ▲ 2.4% |
| Profit (loss) for the period9904 | -€53,942 | -€174,923 | -€61,276 | -€125,942 | -€87,141 | -€76,259 | -€61,327 | -€47,304 | ▲ 22.9% |
| Profit (loss) for the period to be appropriated9905 | -€53,942 | -€174,923 | -€61,276 | -€125,942 | -€87,141 | -€76,259 | -€61,327 | -€47,304 | ▲ 22.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.2m | €2.0m | €1.9m | €2.4m | €2.3m | €2.2m | €2.2m | €2.4m | ▲ 8.9% |
| Fixed assets21/28 | €2.1m | €2.0m | €1.8m | €2.3m | €2.2m | €2.1m | €2.2m | €2.3m | ▲ 7.2% |
| Tangible fixed assets22/27 | €2.1m | €2.0m | €1.8m | €2.3m | €2.2m | €2.1m | €2.2m | €2.3m | ▲ 7.2% |
| Land and buildings22 | - | - | - | €2.1m | €2.0m | €1.9m | €2.1m | €2.3m | ▲ 8.5% |
| Plant, machinery and equipment23 | - | - | - | €50 | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.08m | ▼ 21.2% |
| Financial fixed assets28 | €0.003m | - | - | - | - | - | - | - | - |
| Current assets29/58 | €0.2m | €0.08m | €0.1m | €0.06m | €0.05m | €0.1m | €0.04m | €0.08m | ▲ 101% |
| Amounts receivable within one year40/41 | €0.1m | €0.06m | €0.08m | €0.008m | €0.002m | €0.05m | €0.002m | €0.006m | ▲ 162% |
| Trade receivables40 | - | - | - | - | €0.002m | €0.002m | €0.002m | €0.006m | ▲ 162% |
| Other amounts receivable41 | - | - | - | €0.008m | €0 | €0.05m | €0 | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.02m | €0.02m | €0.05m | €0.05m | €0.05m | €0.04m | €0.07m | ▲ 98.1% |
| Deferred charges and accrued income490/1 | - | - | - | €417 | €451 | €255 | €263 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.2m | €2.0m | €1.9m | €2.4m | €2.3m | €2.2m | €2.2m | €2.4m | ▲ 8.9% |
| Equity10/15 | €0.3m | €0.2m | €0.1m | -€0.02m | -€0.1m | -€0.2m | -€0.2m | -€0.3m | ▼ 19.0% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Revaluation surpluses12 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Reserves not available under the articles1311 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.3m | -€0.4m | -€0.5m | -€0.6m | -€0.7m | -€0.7m | -€0.8m | ▼ 6.3% |
| Amounts payable17/49 | €1.9m | €1.9m | €1.8m | €2.4m | €2.4m | €2.4m | €2.5m | €2.7m | ▲ 9.9% |
| Amounts payable after more than one year17 | €0.8m | €0.8m | €0.7m | €0.4m | €0.7m | €0.7m | €0.8m | €1.0m | ▲ 22.4% |
| Financial debts170/4 | - | - | - | €0.4m | €0.7m | €0.7m | €0.8m | €1.0m | ▲ 22.4% |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €1.2m | €2.0m | €1.6m | €1.7m | €1.7m | €1.7m | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.08m | €0.08m | €0.09m | €0.09m | ▲ 0.6% |
| Trade debts44 | €0.003m | - | €0.01m | €0.002m | €332 | €0.007m | €0.004m | €0.01m | ▲ 138% |
| Suppliers440/4 | - | - | - | €0.002m | €332 | €0.007m | €0.004m | €0.01m | ▲ 138% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.005m | €0.007m | €0.001m | €244 | ▼ 74.4% |
| Taxes450/3 | - | - | - | €0.01m | €0.005m | €0.007m | €0.001m | €244 | ▼ 74.4% |
| Other amounts payable47/48 | - | - | - | €1.9m | €1.5m | €1.6m | €1.6m | €1.6m | ▲ 3.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€53,942 | -€174,923 | -€61,276 | -€125,942 | -€87,141 | -€76,259 | -€61,327 | -€47,304 | ▲ 22.9% |
| + Depreciation and write-downs630 | €86,071 | €115,989 | €116,926 | €131,029 | €140,925 | €140,791 | €115,584 | €121,038 | ▲ 4.7% |
| Operating cash flow (approximation) | €32,129 | -€58,934 | €55,650 | €5,087 | €53,784 | €64,533 | €54,257 | €73,733 | ▲ 35.9% |
| Investment in fixed assets (approximation) | - | €2,587 | -€9,611 | -€634,748 | €0 | €0 | -€231,141 | -€278,723 | ▼ 20.6% |
| Change in cash | - | -€12,109 | €1,792 | €26,296 | -€2,388 | €317 | -€9,728 | €37,130 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 15-10-2026 | 2026-00563664 |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00460919 |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00486911 |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00426986 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20398325 |
| 31-12-2020 | full format | 31-08-2021 | 2021-66000358 |
| 31-12-2019 | full format | 23-09-2020 | 2020-55500172 |
| 31-12-2018 | full format | 10-10-2019 | 2019-69600458 |
| 31-12-2017 | full format | 30-08-2018 | 2018-58300341 |
| 31-12-2016 | full format | 31-08-2017 | 2017-56600271 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jean-Antoine Lacroix |
|
| Laurent Lacroix |
|
| Pierre Massar |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-02
Gazette deed
Resignations: Pierre Massar, Laurent Lacroix and Jean-Antoine LacroixAppointments: Pierre Massar, Laurent Lacroix and Jean-Antoine Lacroix · Capital conversion · Reserve release17 facts ▸
- General meeting, 13-12-2023
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, formes et majorités de la modification des statuts” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, Pierre Massar (manager)
- Director resignation, Laurent Lacroix (manager)
- Director resignation, Jean-Antoine Lacroix (manager)
- Director appointment, Pierre Massar (director (not named in the articles))
- Director appointment, Laurent Lacroix (director (not named in the articles))
- Director appointment, Jean-Antoine Lacroix (director (not named in the articles))
- Director discharge, Pierre Massar
- +5 further facts in this act
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21684B0002/00Z010 | Brussels | 102 m² | - | - |
| 21684B0002/00A011 | Brussels | 91 m² | 1 · 167 m² | 12.2 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La constitution et la gestion d’un patrimoine immobilier et la location financement de biens immeubles aux tiers,l’acquisition par l’achat…” (deed in French)
3 activities (deed in French)
- La constitution et la gestion d’un patrimoine immobilier et la location financement de biens immeubles aux tiers,l’acquisition par l’achat ou autrement,la vente,l’échange,la construction,la transformation,l’amélioration,l’équipement,l’aménagement,l’embellissement,l’entretien,la location,la prise en location,le lotissement,la prospection et l’exploitation de biens immobiliers,ainsi que toutes opérations qui,directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l’accroissement et le rapport d’un patrimoine immobilier,de même que se porter caution pour la bonne fin d’engagements pris par des tiers qui auraient la jouissance de ces biens immobiliers
- Toutes opérations industrielles et commerciales,financières et civiles,mobilières et immobilières ayant un rapport direct ou indirect avec son objet et pouvant en faciliter directement ou indirectement,entièrement ou partiellement,la réalisation
- S'intéresser par voie d'association,d'apport,de fusion,d'intervention financière ou autrement dans toutes sociétés,associations ou entreprises dont l'objet est analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PHARMACITY
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, simple décision” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, 1” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Prix notification initiale ou expert en cas contestation, moitié cédant,moitié acquéreurs au prorata actions si plusieurs” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions – Droit de préférence, organe qui procède à l’émission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Wednesday of April at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision de l'assemblée générale délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, administrateurs en fonction” (deed in French)