PHARMACOACH
ActiveSummary
PHARMACOACH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172,482 and a net result of €22,487. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 29% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▲+11
Solvency54▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 3.28 against 4.14 in 2024; short-term debt: 25.5% and cash: 8.3% of total assets), but 71.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.7%
Return on assets
3.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
3 d early
2024
8 d early
2023
on the day
2022
3 d early
2021
26 d early
2020
2 d early
2019
1 d early
← 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 6 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 27 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
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
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#9 company by total assets in Chièvres, Professional and technical services sector#10 company by equity in Chièvres, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22,487▲ 97.1%
2024 · €11,407
Working capital
€349,370▼ 4.2%
2024 · €364,583
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10,633▲ 1,082%€88,083▲ 728%€58,838▼ 33.2%€39,048▼ 33.6%€48,519▲ 24.3%
Net result€3,358within the sector's middle half€60,363within the sector's middle half▲ 1,698%€35,775within the sector's middle half▼ 40.7%€11,407within the sector's middle half▼ 68.1%€22,487within the sector's middle half▲ 97.1%
Equity€77,251within the sector's middle half▲ 4.5%€132,814within the sector's middle half▲ 71.9%€168,588within the sector's middle half▲ 26.9%€179,995within the sector's middle half▲ 6.8%€172,482within the sector's middle half▼ 4.2%
Total assets€140,861within the sector's middle half▲ 38.6%€253,061below the sector's middle half▲ 79.7%€575,829above the sector's middle half▲ 128%€579,337above the sector's middle half▲ 0.6%€601,143above the sector's middle half▲ 3.8%
Debt€63,611▲ 129%€120,248▲ 89.0%€407,240▲ 239%€399,342▼ 1.9%€428,661▲ 7.3%
Working capital€10,128within the sector's middle half▼ 45.7%€64,518within the sector's middle half▲ 537%€349,137above the sector's middle half▲ 441%€364,583above the sector's middle half▲ 4.4%€349,370above the sector's middle half▼ 4.2%
Solvency54.8%within the sector's middle half▼ 17.9pp52.5%within the sector's middle half▼ 2.4pp29.3%within the sector's middle half▼ 23.2pp31.1%within the sector's middle half▲ 1.8pp28.7%within the sector's middle half▼ 2.4pp
Current ratio1.21within the sector's middle half▼ 0.461.58within the sector's middle half▲ 0.364.03within the sector's middle half▲ 2.454.14within the sector's middle half▲ 0.123.28within the sector's middle half▼ 0.87
Return on assets (ROA)2.4%within the sector's middle half▲ 3.9pp23.9%above the sector's middle half▲ 21.5pp6.2%within the sector's middle half▼ 17.6pp2.0%within the sector's middle half▼ 4.2pp3.7%within the sector's middle half▲ 1.8pp
Staff (FTE)2.3▲ 43.8%2.7within the sector's middle half▲ 17.4%2.7=2.7=2.2▼ 18.5%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €601,143
Fixed assets
€98,218 ▼ 0.5%
Current assets
€502,925 ▲ 4.6%
Equity and liabilities €601,143
Equity
€172,482 ▼ 4.2%
Debt
€428,661 ▲ 7.3%
Debt's share of the balance-sheet total rises from 68.9% to 71.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€49,728▲
2024 · €39,809
Cash flow
€23,696▲
2024 · €12,168
Debt to equity
2.49▲
2024 · 2.22
ROE
13.0%▲
2024 · 6.3%
Interest coverage
3.72▲
2024 · 2.62
Debt ≤ 1 year
€153,555▲
2024 · €116,046
Debt > 1 year
€275,106▼
2024 · €283,297
Income taxes
€12,761▲
2024 · €12,428
Staff costs
€182,511▼
2024 · €196,512
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,508 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,300 | - | €23,922 | €0 | - | - |
| Remuneration, social security and pensions62 | €118,033 | €181,324 | €193,975 | €196,512 | €182,511 | ▼ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,747 | €7,296 | €7,599 | €762 | €1,209 | ▲ 58.7% |
| Other operating charges640/8 | €882 | €697 | €1,348 | €338 | €949 | ▲ 181% |
| Non-recurring operating charges66A | - | - | €207 | €6,083 | €0 | ▼ 100% |
| Gross operating margin9900 | €136,296 | €277,401 | €261,966 | €242,742 | €233,188 | ▼ 3.9% |
| Operating profit (loss)9901 | €10,633 | €88,083 | €58,838 | €39,048 | €48,519 | ▲ 24.3% |
| Financial income75/76B | €33 | €30 | €12 | €2 | €108 | ▲ 5,882% |
| Recurring financial income75 | €33 | €30 | €12 | €2 | €108 | ▲ 5,882% |
| Financial charges65/66B | €560 | €553 | €3,014 | €15,214 | €13,379 | ▼ 12.1% |
| Recurring financial charges65 | €560 | €553 | €3,014 | €15,214 | €13,379 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €10,106 | €87,560 | €55,837 | €23,835 | €35,248 | ▲ 47.9% |
| Income taxes67/77 | €6,749 | €27,197 | €20,062 | €12,428 | €12,761 | ▲ 2.7% |
| Profit (loss) for the period9904 | €3,358 | €60,363 | €35,775 | €11,407 | €22,487 | ▲ 97.1% |
| Profit (loss) for the period to be appropriated9905 | €3,358 | €60,363 | €35,775 | €11,407 | €22,487 | ▲ 97.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140,861 | €253,061 | €575,829 | €579,337 | €601,143 | ▲ 3.8% |
| Fixed assets21/28 | €83,274 | €76,730 | €111,282 | €98,709 | €98,218 | ▼ 0.5% |
| Tangible fixed assets22/27 | €28,024 | €21,480 | €56,032 | €43,459 | €42,968 | ▼ 1.1% |
| Land and buildings22 | - | - | €41,282 | €41,282 | €41,282 | = |
| Furniture and vehicles24 | €28,024 | €21,480 | €14,750 | €2,177 | €1,686 | ▼ 22.6% |
| Financial fixed assets28 | €55,250 | €55,250 | €55,250 | €55,250 | €55,250 | = |
| Current assets29/58 | €57,587 | €176,332 | €464,547 | €480,629 | €502,925 | ▲ 4.6% |
| Amounts receivable after more than one year29 | - | - | €331,598 | €316,515 | €300,212 | ▼ 5.2% |
| Other amounts receivable291 | - | - | €331,598 | €316,515 | €300,212 | ▼ 5.2% |
| Amounts receivable within one year40/41 | €47,254 | €168,472 | €131,271 | €162,574 | €151,862 | ▼ 6.6% |
| Trade receivables40 | €45,952 | €168,472 | €131,271 | €162,330 | €151,618 | ▼ 6.6% |
| Other amounts receivable41 | €1,301 | - | - | €244 | €244 | = |
| Cash at bank and in hand54/58 | €9,585 | €7,860 | €735 | €79 | €49,828 | ▲ 63,149% |
| Deferred charges and accrued income490/1 | €748 | - | €944 | €1,461 | €1,024 | ▼ 29.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140,861 | €253,061 | €575,829 | €579,337 | €601,143 | ▲ 3.8% |
| Equity10/15 | €77,251 | €132,814 | €168,588 | €179,995 | €172,482 | ▼ 4.2% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €62,991 | €112,354 | €148,128 | €159,535 | €152,022 | ▼ 4.7% |
| Amounts payable17/49 | €63,611 | €120,248 | €407,240 | €399,342 | €428,661 | ▲ 7.3% |
| Amounts payable after more than one year17 | €16,151 | €8,434 | €291,831 | €283,297 | €275,106 | ▼ 2.9% |
| Financial debts170/4 | €16,151 | €8,434 | €291,831 | €283,297 | €275,106 | ▼ 2.9% |
| Amounts payable within one year42/48 | €47,460 | €111,813 | €115,410 | €116,046 | €153,555 | ▲ 32.3% |
| Current portion of amounts payable after more than one year42 | €9,535 | €10,238 | €18,535 | €11,718 | €8,860 | ▼ 24.4% |
| Financial debts43 | - | - | - | €260 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €260 | €0 | ▼ 100% |
| Trade debts44 | €3,710 | €13,895 | €14,033 | €36,729 | €44,089 | ▲ 20.0% |
| Suppliers440/4 | €3,710 | €13,895 | €14,033 | €36,729 | €44,089 | ▲ 20.0% |
| Taxes, remuneration and social security45 | €29,123 | €66,512 | €55,987 | €37,649 | €47,776 | ▲ 26.9% |
| Taxes450/3 | €10,743 | €44,010 | €25,696 | €8,741 | €24,144 | ▲ 176% |
| Remuneration and social security454/9 | €18,380 | €22,503 | €30,290 | €28,908 | €23,632 | ▼ 18.3% |
| Other amounts payable47/48 | €5,092 | €21,168 | €26,854 | €29,690 | €52,831 | ▲ 77.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,358 | €60,363 | €35,775 | €11,407 | €22,487 | ▲ 97.1% |
| + Depreciation and write-downs630 | €6,747 | €7,296 | €7,599 | €762 | €1,209 | ▲ 58.7% |
| Operating cash flow (approximation) | €10,105 | €67,659 | €43,373 | €12,168 | €23,696 | ▲ 94.7% |
| Investment in fixed assets (approximation) | - | -€751 | -€42,151 | €11,811 | -€718 | ▼ 106% |
| Change in cash | - | -€1,726 | -€7,124 | -€657 | €49,749 | ▲ 7,676% |
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
Next filing, fiscal year 2026, expected by
2026
22-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 4.03
Current ratio from 1.58 to 4.03.
30-09
Financial
Equity above €150,000Eq €168,588 ▲26.9%
3 profitable years in a row build equity to €168,588.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Equity above €100,000Eq €132,814 ▲71.9%
2 profitable years in a row build equity to €132,814.
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €3,358
Net result €3,358 after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Weakest financial yearnet -€1,557
Net result drops to -€1,557, the lowest in the series; recovery starts the following year.
Show earlier events
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Chièvres · 1 establishment unit since 2015
Ground area
1,252 m²
Building footprint
265 m²
Volume, LiDAR
1,957 m³
Parcel 51034B0490/00K000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Pharmacoach
since 20152.249.068.724
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51034B0490/00K000 | Wallonia | 1,252 m² | 1 · 265 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
VRIJGO
BE 0801.474.673
Londerzeel · Eq €172,458
EJT
BE 0769.616.905
Bree · Eq €172,523
MOMENTUM ADVIES
BE 0864.098.665
Hoegaarden · Eq €172,532
365 SHERPAS BRUSSELS
BE 0721.785.017
Brussel · Eq €172,540
MONIQUE MARIAME
BE 0696.801.379
Sint-Lambrechts-Woluwe · Eq €172,541
Of 82,601 companies in this sector we hold annual accounts for 52,629. 40,685 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded29-12-2015
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
71209Other technical testing and analysis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644955374
Also
9925:BE0644955374
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.