PHARMALAW
ActivePHARMALAW has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €434k and a net result of €178k. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 60% of 12642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+11
Solvency91▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.92 against 8.69 in 2024; short-term debt: 34.2% and cash: 68.2% of total assets), and 34.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
65.8%
Return on assets
27%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
14 d early
2024
26 d late
2023
6 d early
2022
3 d early
2021
23 d late
2020
27 d late
2019
28 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€434k▼ 29.4%
2024 · €614k
2019: €114k
2020: €241k
2021: €357k
2022: €479k
2023: €609k
2024: €614k
2019 → 2025
Total assets
€659k▼ 5.0%
2024 · €694k
2019: €189k
2020: €350k
2021: €463k
2022: €551k
2023: €651k
2024: €694k
2019 → 2025
Net result
€178k▲ 58.1%
2024 · €112k
2019: €108k
2020: €127k
2021: €116k
2022: €122k
2023: €130k
2024: €112k
2019 → 2025
Working capital
€433k▼ 29.3%
2024 · €612k
2019: €114k
2020: €240k
2021: €355k
2022: €473k
2023: €605k
2024: €612k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€357k-€479k▲ 34.2%€609k▲ 27.2%€614k▲ 0.8%€434k▼ 29.4%
Operating result€164k-€174k▲ 6.2%€171k▼ 1.4%€147k▼ 14.4%€256k▲ 74.3%
Net result€116k-€122k▲ 5.4%€130k▲ 6.7%€112k▼ 13.7%€178k▲ 58.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 74% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €659k
Fixed assets
€1k▼ 52.1%
Current assets
€658k▼ 4.8%
Equity and liabilities €659k
Equity
€434k▼ 29.4%
Debt
€225k▲ 183%
The debt ratio rises from 11.5% to 34.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€257k▲
2024 · €148k
Cash flow
€179k▲
2024 · €114k
Solvency
65.8%▼
2024 · 88.5%
Current ratio
2.92▼
2024 · 8.69
Quick ratio
2.92▼
2024 · 8.69
Debt / equity
0.52▲
2024 · 0.13
ROE
41.0%▲
2024 · 18.3%
ROA
27.0%▲
2024 · 16.2%
Interest coverage
22.74▼
2024 · 31.88
Debt
€225k▲
2024 · €80k
Debt ≤ 1 year
€225k▲
2024 · €80k
Income taxes
€77k▲
2024 · €47k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€694k€659k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€414€0▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€691k€658k▼
Amounts receivable within one year40/41€234k€58k▼
Trade receivables40€0€49k▲
Other amounts receivable41€234k€10k▼
Current investments50/53€106k€142k▲
Cash at bank and in hand54/58€349k€450k▲
Deferred charges and accrued income490/1€3k€8k▲
Equity and liabilities
Total equity and liabilities10/49€694k€659k▼
Equity10/15€614k€434k▼
Contributions10/11€6k€6k=
Reserves13€608k€428k▼
Distributable reserves133€608k€428k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€80k€225k▲
Amounts payable within one year42/48€80k€225k▲
Trade debts44€11k€11k▲
Suppliers440/4€11k€11k▲
Taxes, remuneration and social security45€1k€93k▲
Taxes450/3€1k€93k▲
Other amounts payable47/48€67k€121k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8-€458
Gross operating margin9900€148k€257k▲
Operating profit (loss)9901€147k€256k▲
Financial income75/76B€17k€24k▲
Recurring financial income75€17k€24k▲
Financial charges65/66B€5k€25k▲
Recurring financial charges65€5k€11k▲
Non-recurring financial charges66B-€14k
Profit (loss) for the period before taxes9903€159k€254k▲
Income taxes67/77€47k€77k▲
Profit (loss) for the period9904€112k€178k▲
Profit (loss) for the period to be appropriated9905€112k€178k▲
Appropriation of the result
Profit (loss) to be appropriated9906€112k€178k▲
Transfer from equity791/2€108k€358k▲
Transfer to equity691/2€112k€178k▲
To other reserves6921€112k€178k▲
Profit to be distributed694/7€108k€358k▲
Return on contributions (dividend)694€108k€358k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €178k ▲58.1%
Operating result €256k, net result €178k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 15.64
Current ratio from 7.60 to 15.64; short-term debt falls from €72k to €41k.
31-12
Financial
Equity above €500kEq €609k ▲27.2%
5 profitable years in a row build equity to €609k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €200kEq €241k ▲111%
2 profitable years in a row build equity to €241k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Tervuren · 1 establishment unit since 2018
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.
Beukenlaan 73080 TervurenGround area
988 m²
Building footprint
124 m²
Volume, LiDAR
936 m³
Parcel 24302F0075/00N002, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Beukenlaan 7, 3080 Tervuren
since 20182.278.489.319
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302F0075/00N002 | Flanders | 988 m² | 1 · 124 m² | 10.2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500EDA76QQQKQ4W26
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Of 2,761 companies in sector 69109 we hold annual accounts for 1,209. 775 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-08-2018
Fiscal year end31-12
Activities, NACEBEL
69109Other legal services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.