Pharmacopé
ActivePharmacopé has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €203k and a net result of €11k. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 8091 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▼-25
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 52.07 against 12.95 in 2023; short-term debt: 1.9% and cash: 36% of total assets), and 1.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
33 d early
2022
17 d early
2021
41 d early
2020
44 d early
2019
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€203k▲ 5.6%
2023 · €192k
2018: €43k
2019: €57k
2020: €80k
2021: €124k
2022: €140k
2023: €192k
2018 → 2024
Total assets
€207k▼ 0.6%
2023 · €208k
2018: €51k
2019: €98k
2020: €109k
2021: €149k
2022: €153k
2023: €208k
2018 → 2024
Net result
€11k▼ 79.5%
2023 · €53k
2018: €10k
2019: €24k
2020: €39k
2021: €59k
2022: €16k
2023: €53k
2018 → 2024
Working capital
€202k▲ 5.9%
2023 · €190k
2018: €32k
2019: €8k
2020: €45k
2021: €99k
2022: €127k
2023: €190k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€80k-€124k▲ 54.2%€140k▲ 13.2%€192k▲ 36.9%€203k▲ 5.6%
Operating result€53k-€81k▲ 50.7%€24k▼ 70.8%€75k▲ 217%€14k▼ 81.6%
Net result€39k-€59k▲ 51.1%€16k▼ 72.1%€53k▲ 222%€11k▼ 79.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 82% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €207k
Fixed assets
€1k▼ 25.3%
Current assets
€206k▼ 0.4%
Equity and liabilities €207k
Equity
€203k▲ 5.6%
Debt
€4k▼ 75.2%
The debt ratio falls from 7.7% to 1.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14k▼
2023 · €86k
Cash flow
€11k▼
2023 · €64k
Solvency
98.1%▲
2023 · 92.3%
Current ratio
52.07▲
2023 · 12.95
Quick ratio
52.07▲
2023 · 12.95
Debt / equity
0.02▼
2023 · 0.08
ROE
5.3%▼
2023 · 27.4%
ROA
5.2%▼
2023 · 25.3%
Interest coverage
104.26▼
2023 · 864.06
Debt
€4k▼
2023 · €16k
Debt ≤ 1 year
€4k▼
2023 · €16k
Income taxes
€6k▼
2023 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€208k€207k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€704€273▼
Plant, machinery and equipment23€704€273▼
Financial fixed assets28€1k€1k=
Current assets29/58€206k€206k▼
Amounts receivable within one year40/41€837€5k▲
Trade receivables40€303€454▲
Other amounts receivable41€534€4k▲
Current investments50/53€100k€125k▲
Cash at bank and in hand54/58€105k€74k▼
Deferred charges and accrued income490/1€692€2k▲
Equity and liabilities
Total equity and liabilities10/49€208k€207k▼
Equity10/15€192k€203k▲
Contributions10/11€19k€19k=
Reserves13€158k€169k▲
Distributable reserves133€158k€169k▲
Profit (loss) carried forward14€15k€16k▲
Amounts payable17/49€16k€4k▼
Amounts payable within one year42/48€16k€4k▼
Trade debts44€3k€60▼
Suppliers440/4€3k€60▼
Taxes, remuneration and social security45€9k€1k▼
Taxes450/3€9k€1k▼
Other amounts payable47/48€4k€3k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€431▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€88k€16k▼
Operating profit (loss)9901€75k€14k▼
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€100€136▲
Recurring financial charges65€100€136▲
Profit (loss) for the period before taxes9903€75k€17k▼
Income taxes67/77€22k€6k▼
Profit (loss) for the period9904€53k€11k▼
Profit (loss) for the period to be appropriated9905€53k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€26k▼
Profit (loss) brought forward from the previous period14P€15k€15k▲
Transfer to equity691/2€52k€11k▼
To other reserves6921€52k€11k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 52.07
Current ratio from 12.95 to 52.07; short-term debt falls from €16k to €4k.
31-12
Financial
Equity above €200kEq €203k ▲5.6%
7 profitable years in a row build equity to €203k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150kEq €192k ▲36.9%
6 profitable years in a row build equity to €192k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 10.83
Current ratio from 5.00 to 10.83; short-term debt falls from €25k to €13k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €59k ▲51.1%
Operating result €81k, net result €59k, both a record.
31-12
Financial
Equity above €100kEq €124k ▲54.2%
4 profitable years in a row build equity to €124k.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 2.57
Current ratio from 1.22 to 2.57; short-term debt falls from €36k to €29k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Turnhout · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oude Vaartstraat 92300 TurnhoutGround area
285 m²
Building footprint
168 m²
Volume, LiDAR
1,305 m³
Parcel 13454Q0662/00A000, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pharmacopé
since 20112.198.004.360
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13454Q0662/00A000 | Flanders | 285 m² | 1 · 168 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
mact
BE 0763.482.149
Roeselare · Eq €203k
WOW Consulting
BE 0790.307.401
Westerlo · Eq €203k
MNm
BE 0894.678.807
Vosselaar · Eq €204k
Vandonink Machines
BE 0762.848.976
Lommel · Eq €202k
ALISILY
BE 0841.774.116
Berlaar · Eq €204k
Of 5,691 companies in sector 70100 we hold annual accounts for 3,489. 2,362 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-03-2011
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
46150Agents in the wholesale of furniture, household goods and hardware
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.