PHARMASCHMIDT
ActiveSummary
PHARMASCHMIDT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €255,697 and a net result of €68,577. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 4630 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+3
Solvency77▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.45 in 2023; short-term debt: 34.9% and cash: 15.4% of total assets), and 47.8% of the assets are financed with debt.
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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 · 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 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
not confirmed
2024
46 d late
2023
35 d early
2022
38 d late
2021
31 d late
2020
31 d late
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 29 days after 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 (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€0
2023 · €0
EBIT margin
Not included in this filing
Net result
€68,577▲ 14.9%
2023 · €59,683
Working capital
€127,807▲ 26.4%
2023 · €101,088
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€0€0€0€0€0
Operating result€67,479▲ 54.3%€73,960▲ 9.6%€104,954▲ 41.9%€103,002▼ 1.9%€103,357▲ 0.3%
Net result€30,865within the sector's middle half▲ 145%€36,294within the sector's middle half▲ 17.6%€59,277within the sector's middle half▲ 63.3%€59,683within the sector's middle half▲ 0.7%€68,577within the sector's middle half▲ 14.9%
Equity€111,002within the sector's middle half▲ 5.6%€147,296within the sector's middle half▲ 32.7%€202,373within the sector's middle half▲ 37.4%€199,735within the sector's middle half▼ 1.3%€255,697within the sector's middle half▲ 28.0%
Total assets€583,298within the sector's middle half▼ 12.2%€563,895within the sector's middle half▼ 3.3%€570,961within the sector's middle half▲ 1.3%€535,271within the sector's middle half▼ 6.3%€490,283within the sector's middle half▼ 8.4%
Debt€472,296▼ 15.6%€416,599▼ 11.8%€368,588▼ 11.5%€335,536▼ 9.0%€234,587▼ 30.1%
Working capital€82,833within the sector's middle half▲ 3.5%€112,737within the sector's middle half▲ 36.1%€156,152within the sector's middle half▲ 38.5%€101,088within the sector's middle half▼ 35.3%€127,807within the sector's middle half▲ 26.4%
Solvency19.0%within the sector's middle half▲ 3.2pp26.1%within the sector's middle half▲ 7.1pp35.4%within the sector's middle half▲ 9.3pp37.3%within the sector's middle half▲ 1.9pp52.2%within the sector's middle half▲ 14.8pp
Current ratio1.51within the sector's middle half▲ 0.071.65within the sector's middle half▲ 0.131.81within the sector's middle half▲ 0.171.45within the sector's middle half▼ 0.371.75within the sector's middle half▲ 0.30
Return on assets (ROA)5.3%within the sector's middle half▲ 3.4pp6.4%within the sector's middle half▲ 1.1pp10.4%within the sector's middle half▲ 3.9pp11.2%within the sector's middle half▲ 0.8pp14.0%above the sector's middle half▲ 2.8pp
Staff (FTE)1below the sector's middle half▼ 9.1%1.1within the sector's middle half▲ 10.0%1.1within the sector's middle half=1.4within the sector's middle half▲ 27.3%1.7within the sector's middle half▲ 21.4%
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 2024; 2024 is 0% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €490,283
Fixed assets
€191,597 ▼ 8.3%
Current assets
€298,687 ▼ 8.5%
Equity and liabilities €490,283
Equity
€255,697 ▲ 28.0%
Debt
€234,587 ▼ 30.1%
Debt's share of the balance-sheet total falls from 62.7% to 47.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€138,881▼
2023 · €169,491
Cash flow
€104,101▼
2023 · €126,172
Quick ratio
1.08▲
2023 · 0.99
Debt to equity
0.92▼
2023 · 1.68
ROE
26.8%▼
2023 · 29.9%
Interest coverage
19.27▲
2023 · 18.30
Debt ≤ 1 year
€170,879▼
2023 · €225,228
Debt > 1 year
€63,707▼
2023 · €110,308
Income taxes
€27,884▼
2023 · €34,272
Staff costs
€96,446▲
2023 · €68,188
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | €0 | €0 | €0 | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | €0 | €0 | €0 | - |
| Remuneration, social security and pensions62 | - | €54,218 | €61,849 | €68,188 | €96,446 | ▲ 41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,653 | €62,115 | €63,323 | €66,489 | €35,524 | ▼ 46.6% |
| Other operating charges640/8 | - | €1,666 | €1,220 | €1,581 | €1,641 | ▲ 3.8% |
| Non-recurring operating charges66A | - | €45 | €319 | €378 | €64 | ▼ 83.1% |
| Gross operating margin9900 | €180,698 | €192,003 | €231,665 | €239,638 | €237,031 | ▼ 1.1% |
| Operating profit (loss)9901 | €67,479 | €73,960 | €104,954 | €103,002 | €103,357 | ▲ 0.3% |
| Financial income75/76B | - | €125 | €0 | €215 | €311 | ▲ 44.3% |
| Recurring financial income75 | €103 | €125 | €0 | €215 | €311 | ▲ 44.3% |
| Financial charges65/66B | - | €12,050 | €10,264 | €9,263 | €7,206 | ▼ 22.2% |
| Recurring financial charges65 | €14,310 | €12,050 | €10,264 | €9,263 | €7,206 | ▼ 22.2% |
| Profit (loss) for the period before taxes9903 | €53,272 | €62,035 | €94,690 | €93,955 | €96,461 | ▲ 2.7% |
| Income taxes67/77 | €22,407 | €25,740 | €35,412 | €34,272 | €27,884 | ▼ 18.6% |
| Profit (loss) for the period9904 | €30,865 | €36,294 | €59,277 | €59,683 | €68,577 | ▲ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €30,865 | €36,294 | €59,277 | €59,683 | €68,577 | ▲ 14.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €583,298 | €563,895 | €570,961 | €535,271 | €490,283 | ▼ 8.4% |
| Fixed assets21/28 | €339,441 | €277,326 | €223,034 | €208,954 | €191,597 | ▼ 8.3% |
| Intangible fixed assets21 | €104,330 | €69,553 | €34,777 | €0 | €0 | - |
| Tangible fixed assets22/27 | €235,047 | €207,709 | €188,193 | €207,890 | €190,532 | ▼ 8.3% |
| Land and buildings22 | - | €207,705 | €180,271 | €199,911 | €183,342 | ▼ 8.3% |
| Plant, machinery and equipment23 | - | €0 | €427 | €3,427 | €2,594 | ▼ 24.3% |
| Furniture and vehicles24 | - | €4 | €7,495 | €4,551 | €4,597 | ▲ 1.0% |
| Other tangible fixed assets26 | - | €0 | €0 | €0 | €0 | - |
| Assets under construction and advance payments27 | - | - | - | - | €0 | - |
| Financial fixed assets28 | €64 | €64 | €64 | €1,064 | €1,064 | = |
| Current assets29/58 | €243,856 | €286,568 | €347,928 | €326,317 | €298,687 | ▼ 8.5% |
| Stocks and contracts in progress3 | €99,363 | €87,977 | €98,872 | €103,658 | €114,365 | ▲ 10.3% |
| Stocks30/36 | - | €87,977 | €98,872 | €103,658 | €114,365 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €46,367 | €59,908 | €79,575 | €79,907 | €102,948 | ▲ 28.8% |
| Trade receivables40 | - | €59,908 | €79,304 | €79,907 | €90,472 | ▲ 13.2% |
| Other amounts receivable41 | - | €0 | €271 | €0 | €12,475 | - |
| Cash at bank and in hand54/58 | €93,648 | €130,464 | €164,436 | €137,866 | €75,654 | ▼ 45.1% |
| Deferred charges and accrued income490/1 | - | €8,219 | €5,044 | €4,886 | €5,720 | ▲ 17.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €583,298 | €563,895 | €570,961 | €535,271 | €490,283 | ▼ 8.4% |
| Equity10/15 | €111,002 | €147,296 | €202,373 | €199,735 | €255,697 | ▲ 28.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €1,000 | €1,000 | = |
| Reserves13 | €51,745 | €88,040 | €143,117 | €198,735 | €254,697 | ▲ 28.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €86,180 | €141,257 | €198,735 | €254,697 | ▲ 28.2% |
| Profit (loss) carried forward14 | €40,656 | €40,656 | €40,656 | €0 | - | - |
| Amounts payable17/49 | €472,296 | €416,599 | €368,588 | €335,536 | €234,587 | ▼ 30.1% |
| Amounts payable after more than one year17 | €311,273 | €242,760 | €176,813 | €110,308 | €63,707 | ▼ 42.2% |
| Financial debts170/4 | - | €242,760 | €176,813 | €110,308 | €63,707 | ▼ 42.2% |
| Amounts payable within one year42/48 | €161,023 | €173,832 | €191,776 | €225,228 | €170,879 | ▼ 24.1% |
| Current portion of amounts payable after more than one year42 | - | €68,513 | €65,948 | €71,228 | €47,495 | ▼ 33.3% |
| Financial debts43 | - | €3,750 | €1,260 | €0 | - | - |
| Credit institutions430/8 | - | €3,750 | €1,260 | €0 | - | - |
| Trade debts44 | €46,898 | €67,427 | €88,176 | €79,232 | €97,419 | ▲ 23.0% |
| Suppliers440/4 | - | €67,427 | €88,176 | €79,232 | €97,419 | ▲ 23.0% |
| Taxes, remuneration and social security45 | - | €21,118 | €32,403 | €35,801 | €13,980 | ▼ 60.9% |
| Taxes450/3 | - | €14,561 | €24,910 | €28,872 | €5,437 | ▼ 81.2% |
| Remuneration and social security454/9 | - | €6,556 | €7,492 | €6,929 | €8,544 | ▲ 23.3% |
| Other amounts payable47/48 | - | €13,025 | €3,990 | €38,967 | €11,985 | ▼ 69.2% |
| Accrued charges and deferred income492/3 | - | €7 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,865 | €36,294 | €59,277 | €59,683 | €68,577 | ▲ 14.9% |
| + Depreciation and write-downs630 | €64,653 | €62,115 | €63,323 | €66,489 | €35,524 | ▼ 46.6% |
| Operating cash flow (approximation) | €95,518 | €98,409 | €122,601 | €126,172 | €104,101 | ▼ 17.5% |
| Investment in fixed assets (approximation) | - | €0 | -€9,031 | -€52,410 | -€18,167 | ▲ 65.3% |
| Change in cash | - | €36,816 | €33,972 | -€26,571 | -€62,212 | ▼ 134% |
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
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 46 days late
2024
31-12
Financial
Highest result since 2018net €68,577 ▲14.9%
Net result €68,577, the highest in the series.
31-12
Financial
Equity above €200,000Eq €255,697 ▲28%
7 profitable years in a row build equity to €255,697.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 38 days late
2022
31-12
Financial
Equity above €200,000Eq €202,373 ▲37.4%
5 profitable years in a row build equity to €202,373.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
31-12
Financial
Equity above €100,000Eq €105,137 ▲12.6%
2 profitable years in a row build equity to €105,137.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Liège · 1 establishment unit since 2010
Ground area
111 m²
Building footprint
54 m²
Volume, LiDAR
626 m³
Parcel 62023A0774/00F000, Wallonia · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PHARMASCHMIDT
since 20102.187.993.267
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62023A0774/00F000 | Wallonia | 111 m² | 1 · 54 m² | 13.4 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.187.993.267
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 38,866 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
Founded30-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0824492872
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.