Pharmadons
ActiveSummary
Pharmadons has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98,180 and a net result of -€9,746. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 10429 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17=
Solvency41▼-59
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.19 against 4.39 in 2024; short-term debt: 81.7% and cash: 8.2% of total assets), and 83.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.1%
Return on assets
-1.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
14 d late
2024
11 d late
2023
36 d early
2022
28 d late
2021
38 d early
2020
26 d early
2019
25 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 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€9,746▼ 35.5%
2024 · -€7,195
Working capital
€96,664▼ 76.4%
2024 · €408,794
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€96,063▼ 13.0%€88,239▼ 8.1%€78,988▼ 10.5%-€3,359-€10,809▼ 222%
Net result€74,964▼ 12.3%€69,316▼ 7.5%€56,867▼ 18.0%-€7,195-€9,746▼ 35.5%
Equity€276,538▲ 37.2%€345,854▲ 25.1%€415,121▲ 20.0%€407,926▼ 1.7%€98,180▼ 75.9%
Total assets€334,988▲ 20.8%€424,624▲ 26.8%€469,098▲ 10.5%€534,160▲ 13.9%€608,875▲ 14.0%
Debt€58,449▼ 22.9%€78,770▲ 34.8%€53,977▼ 31.5%€126,234▲ 134%€510,695▲ 305%
Working capital€272,089▲ 39.4%€337,535▲ 24.1%€409,549▲ 21.3%€408,794▼ 0.2%€96,664▼ 76.4%
Staff (FTE)2=2=2.3▲ 15.0%2▼ 13.0%1.3▼ 35.0%
Why a figure moved sharply
- 2025 Equity -76% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,809 in 2025 against €3,359 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €608,875
Fixed assets
€14,621 ▲ 195%
Current assets
€594,254 ▲ 12.3%
Equity and liabilities €608,875
Equity
€98,180 ▼ 75.9%
Debt
€510,695 ▲ 305%
Debt's share of the balance-sheet total rises from 23.6% to 83.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€8,741▼
2024 · -€1,503
Cash flow
-€7,678▼
2024 · -€5,339
Current ratio
1.19▼
2024 · 4.39
Quick ratio
1.03▼
2024 · 3.55
Debt to equity
5.20▲
2024 · 0.31
ROE
-9.9%▼
2024 · -1.8%
ROA
-1.6%▼
2024 · -1.3%
Interest coverage
-1.97▼
2024 · -0.39
Debt ≤ 1 year
€497,590▲
2024 · €120,412
Debt > 1 year
€13,105▲
2024 · €5,822
Income taxes
-€5,434▼
2024 · €0
Staff costs
€118,426▼
2024 · €150,691
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,164 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,164 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €113,222 | €123,488 | €125,399 | €150,691 | €118,426 | ▼ 21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,990 | €2,130 | €2,746 | €1,856 | €2,068 | ▲ 11.4% |
| Other operating charges640/8 | €1 | €0 | - | €392 | €416 | ▲ 6.3% |
| Gross operating margin9900 | €211,276 | €213,857 | €207,133 | €149,579 | €110,101 | ▼ 26.4% |
| Operating profit (loss)9901 | €96,063 | €88,239 | €78,988 | -€3,359 | -€10,809 | ▼ 222% |
| Financial income75/76B | €1 | - | - | €3 | €67 | ▲ 2,505% |
| Recurring financial income75 | €1 | - | - | €3 | €67 | ▲ 2,505% |
| Financial charges65/66B | €2,101 | €1,633 | €2,192 | €3,839 | €4,439 | ▲ 15.6% |
| Recurring financial charges65 | €2,101 | €1,633 | €2,192 | €3,839 | €4,439 | ▲ 15.6% |
| Profit (loss) for the period before taxes9903 | €93,962 | €86,605 | €76,797 | -€7,195 | -€15,180 | ▼ 111% |
| Income taxes67/77 | €18,998 | €17,289 | €19,930 | €0 | -€5,434 | - |
| Profit (loss) for the period9904 | €74,964 | €69,316 | €56,867 | -€7,195 | -€9,746 | ▼ 35.5% |
| Profit (loss) for the period to be appropriated9905 | €74,964 | €69,316 | €56,867 | -€7,195 | -€9,746 | ▼ 35.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €334,988 | €424,624 | €469,098 | €534,160 | €608,875 | ▲ 14.0% |
| Fixed assets21/28 | €4,449 | €8,319 | €5,573 | €4,955 | €14,621 | ▲ 195% |
| Tangible fixed assets22/27 | €4,449 | €8,319 | €5,573 | €4,955 | €10,121 | ▲ 104% |
| Plant, machinery and equipment23 | €921 | €2,257 | €1,179 | €0 | €4,937 | - |
| Furniture and vehicles24 | €3,528 | €6,062 | €4,393 | €4,955 | €5,184 | ▲ 4.6% |
| Financial fixed assets28 | - | - | - | - | €4,500 | - |
| Current assets29/58 | €330,538 | €416,305 | €463,526 | €529,205 | €594,254 | ▲ 12.3% |
| Stocks and contracts in progress3 | €95,388 | €98,111 | €99,537 | €101,210 | €81,593 | ▼ 19.4% |
| Stocks30/36 | €95,388 | €98,111 | €99,537 | €101,210 | €81,593 | ▼ 19.4% |
| Amounts receivable within one year40/41 | €49,561 | €34,982 | €37,851 | €365,228 | €455,489 | ▲ 24.7% |
| Trade receivables40 | €46,061 | €34,982 | €34,833 | €45,795 | €50,825 | ▲ 11.0% |
| Other amounts receivable41 | €3,500 | - | €3,018 | €319,433 | €404,664 | ▲ 26.7% |
| Cash at bank and in hand54/58 | €185,213 | €282,880 | €325,729 | €61,130 | €49,883 | ▼ 18.4% |
| Deferred charges and accrued income490/1 | €376 | €331 | €408 | €1,638 | €7,289 | ▲ 345% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €334,988 | €424,624 | €469,098 | €534,160 | €608,875 | ▲ 14.0% |
| Equity10/15 | €276,538 | €345,854 | €415,121 | €407,926 | €98,180 | ▼ 75.9% |
| Contributions10/11 | €6,200 | €6,200 | €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 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €268,478 | €337,794 | €394,661 | €387,466 | €77,720 | ▼ 79.9% |
| Amounts payable17/49 | €58,449 | €78,770 | €53,977 | €126,234 | €510,695 | ▲ 305% |
| Amounts payable after more than one year17 | - | - | - | €5,822 | €13,105 | ▲ 125% |
| Financial debts170/4 | - | - | - | €5,822 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | - | - | €13,105 | - |
| Amounts payable within one year42/48 | €58,449 | €78,770 | €53,977 | €120,412 | €497,590 | ▲ 313% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,178 | €18,329 | ▲ 29.3% |
| Financial debts43 | €7,926 | €4,264 | €4,099 | €0 | €28,379 | - |
| Credit institutions430/8 | €7,926 | €4,264 | €4,099 | €0 | €28,379 | - |
| Trade debts44 | €23,165 | €38,666 | €20,969 | €85,139 | €135,996 | ▲ 59.7% |
| Suppliers440/4 | €23,165 | €38,666 | €20,969 | €85,139 | €135,996 | ▲ 59.7% |
| Taxes, remuneration and social security45 | €23,790 | €28,434 | €28,908 | €17,441 | €14,886 | ▼ 14.7% |
| Taxes450/3 | €9,095 | €12,246 | €11,753 | €6,930 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €14,695 | €16,188 | €17,155 | €10,511 | €14,886 | ▲ 41.6% |
| Other amounts payable47/48 | €3,568 | €7,405 | - | €3,654 | €300,000 | ▲ 8,110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,964 | €69,316 | €56,867 | -€7,195 | -€9,746 | ▼ 35.5% |
| + Depreciation and write-downs630 | €1,990 | €2,130 | €2,746 | €1,856 | €2,068 | ▲ 11.4% |
| Operating cash flow (approximation) | €76,954 | €71,447 | €59,613 | -€5,339 | -€7,678 | ▼ 43.8% |
| Investment in fixed assets (approximation) | - | -€6,000 | €0 | -€1,238 | -€11,735 | ▼ 848% |
| Change in cash | - | €97,668 | €42,849 | -€264,599 | -€11,247 | ▲ 95.7% |
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
31-12
Financial
Weakest financial yearnet -€9,746
Net result drops to -€9,746, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 11 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €85,483 ▲187%
Operating result €110,390, net result €85,483, both a record.
31-12
Financial
Equity above €200,000Eq €201,574 ▲73.6%
3 profitable years in a row build equity to €201,574.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €116,092 ▲34.6%
2 profitable years in a row build equity to €116,092.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Elsene · 1 establishment unit since 2006
Ground area
108 m²
Building footprint
84 m²
Volume, LiDAR
1,974 m³
Parcel 21446D0012/00S004, Brussels · tallest building 26.1 m, ±8 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Pharmadons
since 20062.158.251.582
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0012/00S004 | Brussels | 108 m² | 1 · 84 m² | 26.1 m · 8 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
C.V.PHARMA
BE 1015.015.225
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Apo-M
BE 0837.707.638
Kortenberg · Eq €98,252
Pharmacie du Bien-être
BE 0727.381.323
Brussel · Eq €98,090
WALPHARMA
BE 0442.452.731
Arlon · Eq €98,407
PHARMACIE CHAUSSEE DE GAND
BE 0475.089.865
Sint-Jans-Molenbeek · Eq €97,902
Of 5,220 companies in sector 47730 we hold annual accounts for 3,860. 3,409 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
Founded08-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885520423
Also
9925:BE0885520423
Registered
04-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.