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PHARMACITY

Active
Private limited companyfounded 2000active for 26 yearsPaul Wemaerestraat 4, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0472.480.862
Summary

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

Activity
Insurance, reinsurance and pension funding, except compulsory social security
NACE 65112
1 site
Size
€2.4mtotal assets 2025
Equity
-€296,494
Loss
-€47,304
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts filed 76 days late1 of 7 deeds summarised
Signalsraises riskWeak solvency vs sector2025 accounts filed 76 days lateShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months

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.

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Two signals.
raises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 77 sector peers (2025).
NBB · sector comparison
Position among 77 sector peers
Solvency
better than 7%
← weakest strongest →
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
76 days late
2024
30 days late
2023
61 days late
2022
32 days late
2021
31 days late
2020
31 days late
2019
54 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. 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.

Equity
-€296,494▼ 19.0%
2024 · -€249,190
Net result
-€47,304▲ 22.9%
2024 · -€61,327
Total assets
€2.4m▲ 8.9%
2024 · €2.2m
Solvency
-12.2%▼ 1.0pp
2024 · -11.2%
Trend over the years

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.

Operating result-€0.03m 2025 Net result-€0.05m 2025

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).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.002m--€0.1m-€0.01m▲ 87.1%-€0.07m▼ 351%-€0.05m▲ 27.9%-€0.03m▲ 36.4%-€0.04m▼ 20.7%-€0.03m▲ 6.0%
Net result-€0.05m--€0.2m▼ 224%-€0.06mbelow the sector's middle half▲ 65.0%-€0.1mbelow the sector's middle half▼ 106%-€0.09mbelow the sector's middle half▲ 30.8%-€0.08mbelow the sector's middle half▲ 12.5%-€0.06mbelow the sector's middle half▲ 19.6%-€0.05mbelow the sector's middle half▲ 22.9%
Equity€0.3m-€0.2m▼ 51.8%€0.1mwithin the sector's middle half▼ 37.6%-€0.02mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 356%-€0.2mbelow the sector's middle half▼ 68.3%-€0.2mbelow the sector's middle half▼ 32.6%-€0.3mbelow the sector's middle half▼ 19.0%
Total assets€2.2m-€2.0m▼ 9.4%€1.9mwithin the sector's middle half▼ 4.2%€2.4mabove the sector's middle half▲ 23.6%€2.3mabove the sector's middle half▼ 6.2%€2.2mabove the sector's middle half▼ 4.2%€2.2mabove the sector's middle half▲ 2.8%€2.4mabove the sector's middle half▲ 8.9%
Debt€1.9m-€1.9m▼ 1.9%€1.8m▼ 1.3%€2.4m▲ 31.7%€2.4m▼ 2.5%€2.4m▼ 0.8%€2.5m▲ 5.1%€2.7m▲ 9.9%
Working capital-€0.9m--€1.0m▼ 15.4%-€1.1mbelow the sector's middle half▼ 3.7%-€2.0mbelow the sector's middle half▼ 82.0%-€1.6mbelow the sector's middle half▲ 19.4%-€1.6mbelow the sector's middle half▼ 1.2%-€1.6mbelow the sector's middle half▼ 1.9%-€1.7mbelow the sector's middle half▼ 1.5%
Solvency15.0%-8.0%▼ 7.0pp5.2%below the sector's middle half▼ 2.8pp-1.0%below the sector's middle half▼ 6.2pp-4.9%below the sector's middle half▼ 3.9pp-8.7%below the sector's middle half▼ 3.7pp-11.2%below the sector's middle half▼ 2.5pp-12.2%below the sector's middle half▼ 1.0pp
Current ratio0.16-0.07▼ 0.090.09below the sector's middle half▲ 0.010.03below the sector's middle half▼ 0.060.03below the sector's middle half=0.06below the sector's middle half▲ 0.030.02below the sector's middle half▼ 0.030.05below the sector's middle half▲ 0.02
Return on assets (ROA)-2.4%--8.6%▼ 6.2pp-3.1%below the sector's middle half▲ 5.5pp-5.2%below the sector's middle half▼ 2.1pp-3.9%below the sector's middle half▲ 1.4pp-3.5%below the sector's middle half▲ 0.3pp-2.8%below the sector's middle half▲ 0.8pp-2.0%below the sector's middle half▲ 0.8pp
above within below 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets €2.3m ▲ 7.2%
Current assets €81,425 ▲ 101%
Equity and liabilities
Equity-€296,494
Debt€2.7m
Equity is negative: debt (€2.7m) exceeds the balance-sheet total (€2.4m).
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€1.7m▲
2024 · €1.7m
Debt > 1 year
€980,947▲
2024 · €801,113
Income taxes
€244▲
2024 · €239
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.2m€2.4m▲
Fixed assets21/28€2.2m€2.3m▲
Tangible fixed assets22/27€2.2m€2.3m▲
Land and buildings22€2.1m€2.3m▲
Other tangible fixed assets26€0.1m€0.08m▼
Current assets29/58€0.04m€0.08m▲
Amounts receivable within one year40/41€0.002m€0.006m▲
Trade receivables40€0.002m€0.006m▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€0.04m€0.07m▲
Deferred charges and accrued income490/1€263€0▼
Equity and liabilities
Total equity and liabilities10/49€2.2m€2.4m▲
Equity10/15-€0.2m-€0.3m▼
Contributions10/11€0.3m€0.3m=
Revaluation surpluses12€0.2m€0.2m=
Reserves13€0.008m€0.008m=
Non-distributable reserves130/1€0.008m€0.008m=
Reserves not available under the articles1311€0.008m€0.008m=
Profit (loss) carried forward14-€0.7m-€0.8m▼
Amounts payable17/49€2.5m€2.7m▲
Amounts payable after more than one year17€0.8m€1.0m▲
Financial debts170/4€0.8m€1.0m▲
Amounts payable within one year42/48€1.7m€1.7m▲
Current portion of amounts payable after more than one year42€0.09m€0.09m▲
Trade debts44€0.004m€0.01m▲
Suppliers440/4€0.004m€0.01m▲
Taxes, remuneration and social security45€0.001m€244▼
Taxes450/3€0.001m€244▼
Other amounts payable47/48€1.6m€1.6m▲
Accrued charges and deferred income492/3€0.002m€0.002m=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▲
Other operating charges640/8€0.008m€0.01m▲
Gross operating margin9900€0.09m€0.1m▲
Operating profit (loss)9901-€0.04m-€0.03m▲
Financial income75/76B€54€0.02m▲
Recurring financial income75€54€0.02m▲
Financial charges65/66B€0.02m€0.03m▲
Recurring financial charges65€0.02m€0.03m▲
Profit (loss) for the period before taxes9903-€0.06m-€0.05m▲
Income taxes67/77€239€244▲
Profit (loss) for the period9904-€0.06m-€0.05m▲
Profit (loss) for the period to be appropriated9905-€0.06m-€0.05m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.7m-€0.8m▼
Profit (loss) brought forward from the previous period14P-€0.7m-€0.7m▼

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
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%
Line20182019202020212022202320242025Change
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=
Line20182019202020212022202320242025Change
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.

Download as CSV

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

Show all 25 filings

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 94 active companies whose main activity is insurance, reinsurance and pension funding, except compulsory social security (NACE 65112), figures are known for 53. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
under verification, last change in 2024
This board is reconstructed from a single act (24366240). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Jean-Antoine Lacroix
Director (not named in the articles) · since 23-02-2024
Current
Laurent Lacroix
Director (not named in the articles) · since 23-02-2024
Current
Pierre Massar
Director (not named in the articles) · since 23-02-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
6 of this company's 7 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2024, 3 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Jean-Antoine Lacroix
  • Manager, until 23-02-2024
  • Director (not named in the articles), from 23-02-2024 to date
Laurent Lacroix
  • Manager, until 23-02-2024
  • Director (not named in the articles), from 23-02-2024 to date
Pierre Massar
  • Manager, until 23-02-2024
  • Director (not named in the articles), from 23-02-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

Group and network

Connections & network

3 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

PHARMACITY was incorporated on 25 July 2000.1 Total assets went from €2.2m in 2018 to €2.4m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
15-10
NBB filing Annual accounts filed
financial year 2025 · micro format · 76 days late
2025
30-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 30 days late
2024
30-09
NBB filing Annual accounts filed
financial year 2023 · micro format · 61 days late
23-02
Gazette deed Resignations: Pierre Massar, Laurent Lacroix and Jean-Antoine Lacroix
Appointments: 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
2023
01-09
NBB filing Annual accounts filed
financial year 2022 · micro format · 32 days late
2022
31-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 31 days late
2021
31-08
NBB filing Annual accounts filed
financial year 2020 · full format · 31 days late
2020
23-09
NBB filing Annual accounts filed
financial year 2019 · full format · 54 days late
2019
31-12
Financial Weakest financial yearnet -€174,923
Net result drops to -€174,923, the lowest in the series; recovery starts the following year.
10-10
NBB filing Annual accounts filed
financial year 2018 · full format · 71 days late
2018
30-08
NBB filing Annual accounts filed
financial year 2017 · full format · 30 days late
2017
31-08
NBB filing Annual accounts filed
financial year 2016 · full format · 31 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 25 annual accounts filed, the latest 10 are here; all 25 are under Financials.
1 of 7 deeds read
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.

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Register details

Identification
Legal formPrivate limited company
Founded25-07-2000
Financial year end31-12
Activities, NACEBEL 2025
65112Insurance, reinsurance and pension funding, except compulsory social security
64999Other financial services
65122Insurance, reinsurance and pension funding, except compulsory social security
65200Insurance, reinsurance and pension funding, except compulsory social security
65300Insurance, reinsurance and pension funding, except compulsory social security
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:0472480862
Also 9925:BE0472480862
Registered 19-01-2026

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

Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2001
registered office establishment The establishment unit on the map
Ground area
194 m²
Building footprint
167 m²
Building volume
1,654 m³
2 parcels, Brussels · tallest building 12.2 m. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Paul Wemaerestraat 2 4, 1150 Sint-Pieters-Woluwe
NACE-BEL 2003 7031
since 2001unit no. 2.094.426.968
2 parcels
Brussels 2 (100%)
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
Good to know
Both parcels match the address exactly.

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)
  1. 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
  2. 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
  3. 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

The full purpose is in the deed

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)

deed of 23-02-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Avec ou sans limitation, 1” (deed in French)

deed of 23-02-2024

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)

deed of 23-02-2024

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

deed of 23-02-2024

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)

deed of 23-02-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Appels de fonds, traitement égal” (deed in French)
Other provision: “Nominatifs, nature des autres titres” (deed in French)
Other provision: “Indivisibilité des titres, titres indivisibles” (deed in French)
Other provision: “Fixe ou proportionnelle, rémunération des administrateurs” (deed in French)
Other provision: “Contrôle de la société, un ou plusieurs commissaires” (deed in French)
Other provision: “Toutes les décisions qui relèvent du pouvoir de l'assemblée générale, prise de décisions par procédure écrite” (deed in French)
Other provision: “Moyen de communication électronique mis à disposition par la société, participation à distance à l'assemblée générale par voie électronique” (deed in French)
Other provision: “Admission à l'assemblée générale, peut participer sans pouvoir voter” (deed in French)
Other provision: “Bureau et procès-verbaux, président,administrateurs présents et personnes désignées” (deed in French)
Other provision: “Tout actionnaire peut donner à toute autre personne,actionnaire ou non,procuration écrite par tout moyen de transmission, délibérations” (deed in French)
Other provision: “Organe d'administration, prorogation de l'assemblée générale” (deed in French)
Other provision: “Pouvoirs de l'assemblée générale, pouvoirs conférés par le Code des sociétés et des associations” (deed in French)
Other provision: “Répartition-réserves, assemblée générale” (deed in French)
Liquidation distribution: “Entre tous les actionnaires en proportion de leurs actions” (deed in French)
Other provision: “Siège, élection de domicile” (deed in French)
Other provision: “Droit commun” (deed in French)
2 more provisions in the deed, see the deed of 23-02-2024

deed of 23-02-2024