PHARMAQUA
ActivePHARMAQUA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102k and a net result of €57k. Equity is growing by ~115.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 3102 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+38
Growth78=
Stability94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.54 against 1.08 in 2024), and 29.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
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
70.4%
Return on assets
39.4%
Age of the figures
9 mo
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 12-07-2026, 19 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
19 d early
2024
8 d early
2023
31 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€102k▲ 127%
2024 · €45k
2023: €-2k
2024: €45k
2023 → 2025
Total assets
€146k▲ 27.1%
2024 · €114k
2023: €70k
2024: €114k
2023 → 2025
Net result
€57k▲ 22.7%
2024 · €47k
2023: €-4k
2024: €47k
2023 → 2025
Working capital
€66k▲ 1,178%
2024 · €5k
2023: €-22k
2024: €5k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-2k-€45k€102k▲ 127%
Operating result€-851-€62k€73k▲ 17.7%
Net result€-4k-€47k€57k▲ 22.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 18% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €146k
Fixed assets
€36k▼ 11.6%
Current assets
€109k▲ 48.7%
Equity and liabilities €146k
Equity
€102k▲ 127%
Debt
€43k▼ 37.8%
The debt ratio falls from 60.6% to 29.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€84k▲
2024 · €71k
Cash flow
€68k▲
2024 · €56k
Solvency
70.4%▲
2024 · 39.4%
Current ratio
2.54▲
2024 · 1.08
Quick ratio
2.54▲
2024 · 1.08
Debt / equity
0.42▼
2024 · 1.54
ROE
55.9%▼
2024 · 103.4%
ROA
39.4%▼
2024 · 40.8%
Interest coverage
513.70▲
2024 · 78.91
Debt
€43k▼
2024 · €69k
Debt ≤ 1 year
€43k▼
2024 · €68k
Income taxes
€18k▲
2024 · €15k
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€114k€146k▲
Fixed assets21/28€41k€36k▼
Tangible fixed assets22/27€41k€36k▼
Plant, machinery and equipment23€11k€12k▲
Furniture and vehicles24€23k€16k▼
Other tangible fixed assets26€7k€8k▲
Current assets29/58€74k€109k▲
Amounts receivable within one year40/41€67k€93k▲
Trade receivables40€67k€53k▼
Other amounts receivable41-€40k
Cash at bank and in hand54/58€6k€16k▲
Deferred charges and accrued income490/1€699€741▲
Equity and liabilities
Total equity and liabilities10/49€114k€146k▲
Equity10/15€45k€102k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€43k€100k▲
Amounts payable17/49€69k€43k▼
Amounts payable after more than one year17€981-
Financial debts170/4€981-
Amounts payable within one year42/48€68k€43k▼
Current portion of amounts payable after more than one year42€12k€981▼
Trade debts44€7k€12k▲
Suppliers440/4€7k€12k▲
Taxes, remuneration and social security45€37k€30k▼
Taxes450/3€37k€30k▼
Other amounts payable47/48€14k-
Income statement
Code20242025
Non-recurring operating income76A-€572
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€11k▲
Other operating charges640/8€2k€9k▲
Gross operating margin9900€73k€93k▲
Operating profit (loss)9901€62k€73k▲
Financial income75/76B€3€3k▲
Recurring financial income75€3€3k▲
Financial charges65/66B€904€163▼
Recurring financial charges65€904€163▼
Profit (loss) for the period before taxes9903€61k€76k▲
Income taxes67/77€15k€18k▲
Profit (loss) for the period9904€47k€57k▲
Profit (loss) for the period to be appropriated9905€47k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€100k▲
Profit (loss) brought forward from the previous period14P€-4k€43k▲
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
Next filing, fiscal year 2026, expected by
2026
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €57k ▲22.7%
Operating result €73k, net result €57k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.54
Current ratio from 1.08 to 2.54; short-term debt falls from €68k to €43k.
31-12
Financial
Equity above €100kEq €102k ▲127%
2 profitable years in a row build equity to €102k.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro 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, Gesves · 1 establishment unit since 2022
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.
Drève des Arches 135340 GesvesGround area
6,433 m²
Building footprint
135 m²
Parcel 92042D0196/00D004, Wallonia. Linked by address, not a title deed.
1 establishment unit
PHARMAQUA
since 20222.337.119.285
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92042D0196/00D004 | Wallonia | 6,433 m² | 1 · 135 m² | - |
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.
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Of 93 companies in sector 01280 we hold annual accounts for 19. 12 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-2022
Fiscal year end31-12
Activities, NACEBEL
01280Crop and animal production, hunting and related service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.
Contact details
1 entryPhone:0494/80.89.96