PHARMEDIC
ActiveSummary
The computed 12-month bankruptcy probability of PHARMEDIC is 2.6% (moderate). The 2025 annual accounts show equity of €129,921 and a net result of €54,336. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 1910 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+11
Solvency35▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.94 in 2024; short-term debt: 27.4% and cash: 4.4% of total assets), and 89.9% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
10.1%
Return on assets
4.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1910 sector peers (2025).
NBB · sector comparisonPosition among 1910 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 7 filingsDeviation from the deadline
2025
26 d late
2024
60 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
31 d late
← 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 39 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 company by total assets in Assesse, Manufacturing sector
Equity
€129,921▲ 71.9%
2024 · €75,585
Total assets
€1.3m▼ 0.3%
2024 · €1.3m
Net result
€54,336▲ 189%
2024 · €18,777
Working capital
€5,100
2024 · -€21,273
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€5,811▼ 40.5%€11,339▲ 95.1%€19,928▲ 75.8%€57,144▲ 187%€109,203▲ 91.1%
Net result€4,441▼ 40.9%€10,286▲ 132%€1,594▼ 84.5%€18,777▲ 1,078%€54,336▲ 189%
Equity€44,929▲ 11.0%€55,214▲ 22.9%€56,808▲ 2.9%€75,585▲ 33.1%€129,921▲ 71.9%
Total assets€151,059▲ 2.8%€183,165▲ 21.3%€1.3m▲ 607%€1.3m▼ 0.5%€1.3m▼ 0.3%
Debt€106,131▼ 0.3%€127,950▲ 20.6%€1.2m▲ 868%€1.2m▼ 2.0%€1.2m▼ 4.8%
Working capital€22,057▲ 74.1%€33,269▲ 50.8%-€12,003-€21,273▼ 77.2%€5,100
Staff (FTE)2.9▲ 38.1%3.1▲ 6.9%2▼ 35.5%0.5▼ 75.0%0.9▲ 80.0%
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 four years in a row; 2025 is 91% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€927,829 ▼ 4.3%
Current assets
€356,868 ▲ 11.6%
Equity and liabilities €1.3m
Equity
€129,921 ▲ 71.9%
Debt
€1.2m ▼ 4.8%
Debt's share of the balance-sheet total falls from 94.1% to 89.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€188,181▲
2024 · €131,352
Cash flow
€133,315▲
2024 · €92,985
Current ratio
1.01▲
2024 · 0.94
Quick ratio
0.42▼
2024 · 0.46
Debt to equity
8.89▼
2024 · 16.05
ROE
41.8%▲
2024 · 24.8%
ROA
4.2%▲
2024 · 1.5%
Interest coverage
4.50▲
2024 · 3.60
Debt ≤ 1 year
€351,768▲
2024 · €340,975
Debt > 1 year
€803,008▼
2024 · €872,395
Income taxes
€13,167▲
2024 · €1,870
Staff costs
€34,009▲
2024 · €29,163
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €71,378 | €81,550 | €73,422 | €29,163 | €34,009 | ▲ 16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,826 | €22,941 | €85,767 | €74,208 | €78,978 | ▲ 6.4% |
| Other operating charges640/8 | €309 | €164 | €768 | €1,904 | €1,733 | ▼ 9.0% |
| Gross operating margin9900 | €104,324 | €115,994 | €179,884 | €162,418 | €223,924 | ▲ 37.9% |
| Operating profit (loss)9901 | €5,811 | €11,339 | €19,928 | €57,144 | €109,203 | ▲ 91.1% |
| Financial income75/76B | €1 | - | €581 | - | €81 | - |
| Recurring financial income75 | €1 | - | €581 | - | €81 | - |
| Financial charges65/66B | €1,372 | €1,053 | €18,915 | €36,497 | €41,781 | ▲ 14.5% |
| Recurring financial charges65 | €1,372 | €1,053 | €18,915 | €36,497 | €41,781 | ▲ 14.5% |
| Profit (loss) for the period before taxes9903 | €4,441 | €10,286 | €1,594 | €20,647 | €67,503 | ▲ 227% |
| Income taxes67/77 | - | - | - | €1,870 | €13,167 | ▲ 604% |
| Profit (loss) for the period9904 | €4,441 | €10,286 | €1,594 | €18,777 | €54,336 | ▲ 189% |
| Profit (loss) for the period to be appropriated9905 | €4,441 | €10,286 | €1,594 | €18,777 | €54,336 | ▲ 189% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151,059 | €183,165 | €1.3m | €1.3m | €1.3m | ▼ 0.3% |
| Fixed assets21/28 | €46,735 | €23,793 | €976,044 | €969,253 | €927,829 | ▼ 4.3% |
| Intangible fixed assets21 | €3,354 | €1,496 | €182,419 | €162,661 | €143,500 | ▼ 11.8% |
| Tangible fixed assets22/27 | €43,381 | €22,297 | €793,625 | €806,591 | €784,329 | ▼ 2.8% |
| Land and buildings22 | - | - | €721,213 | €702,345 | €709,016 | ▲ 0.9% |
| Plant, machinery and equipment23 | €23,545 | €11,754 | €6,910 | €45,040 | €34,137 | ▼ 24.2% |
| Furniture and vehicles24 | €19,835 | €10,543 | €65,502 | €59,207 | €41,176 | ▼ 30.5% |
| Current assets29/58 | €104,325 | €159,371 | €318,961 | €319,702 | €356,868 | ▲ 11.6% |
| Stocks and contracts in progress3 | €35,000 | €68,400 | €145,983 | €163,384 | €210,245 | ▲ 28.7% |
| Stocks30/36 | - | - | €109,183 | €163,384 | €210,245 | ▲ 28.7% |
| Contracts in progress37 | €35,000 | €68,400 | €36,800 | - | - | - |
| Amounts receivable within one year40/41 | €59,907 | €84,509 | €50,539 | €54,167 | €87,242 | ▲ 61.1% |
| Trade receivables40 | €59,611 | €84,213 | €46,013 | €35,646 | €62,279 | ▲ 74.7% |
| Other amounts receivable41 | €296 | €296 | €4,526 | €18,521 | €24,963 | ▲ 34.8% |
| Cash at bank and in hand54/58 | €8,502 | €3,306 | €117,486 | €100,486 | €57,121 | ▼ 43.2% |
| Deferred charges and accrued income490/1 | €916 | €3,156 | €4,953 | €1,666 | €2,261 | ▲ 35.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151,059 | €183,165 | €1.3m | €1.3m | €1.3m | ▼ 0.3% |
| Equity10/15 | €44,929 | €55,214 | €56,808 | €75,585 | €129,921 | ▲ 71.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €8,220 | €8,220 | €8,220 | €26,920 | €81,256 | ▲ 202% |
| Non-distributable reserves130/1 | €720 | €720 | €720 | €720 | €720 | = |
| Reserves not available under the articles1311 | €720 | €720 | €720 | €720 | €720 | = |
| Distributable reserves133 | €7,500 | €7,500 | €7,500 | €26,200 | €80,536 | ▲ 207% |
| Profit (loss) carried forward14 | €18,109 | €28,394 | €29,988 | €30,065 | €30,065 | = |
| Amounts payable17/49 | €106,131 | €127,950 | €1.2m | €1.2m | €1.2m | ▼ 4.8% |
| Amounts payable after more than one year17 | €23,863 | €1,848 | €907,232 | €872,395 | €803,008 | ▼ 8.0% |
| Financial debts170/4 | €23,863 | €1,848 | €907,232 | €872,395 | €803,008 | ▼ 8.0% |
| Amounts payable within one year42/48 | €82,268 | €126,102 | €330,964 | €340,975 | €351,768 | ▲ 3.2% |
| Current portion of amounts payable after more than one year42 | €21,730 | €22,015 | €58,936 | €74,436 | €70,429 | ▼ 5.4% |
| Financial debts43 | - | - | - | €6,757 | €6,732 | ▼ 0.4% |
| Credit institutions430/8 | - | - | - | €6,757 | €6,732 | ▼ 0.4% |
| Trade debts44 | €32,860 | €65,210 | €50,578 | €20,557 | €47,536 | ▲ 131% |
| Suppliers440/4 | €32,860 | €65,210 | €50,578 | €20,557 | €47,536 | ▲ 131% |
| Taxes, remuneration and social security45 | €22,917 | €7,017 | €7,522 | €4,761 | €9,109 | ▲ 91.3% |
| Taxes450/3 | €11,109 | - | €629 | €2,006 | €3,682 | ▲ 83.5% |
| Remuneration and social security454/9 | €11,809 | €7,017 | €6,894 | €2,754 | €5,427 | ▲ 97.1% |
| Other amounts payable47/48 | €4,761 | €31,861 | €213,927 | €234,465 | €217,962 | ▼ 7.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,441 | €10,286 | €1,594 | €18,777 | €54,336 | ▲ 189% |
| + Depreciation and write-downs630 | €26,826 | €22,941 | €85,767 | €74,208 | €78,978 | ▲ 6.4% |
| Operating cash flow (approximation) | €31,267 | €33,227 | €87,360 | €92,985 | €133,315 | ▲ 43.4% |
| Investment in fixed assets (approximation) | - | €0 | -€1.0m | -€67,417 | -€37,554 | ▲ 44.3% |
| Change in cash | - | -€5,196 | €114,180 | -€17,001 | -€43,365 | ▼ 155% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Highest result since 2019net €54,336 ▲189%
Operating result €109,203, net result €54,336, both a record.
31-12
Financial
Equity above €100,000Eq €129,921 ▲71.9%
7 profitable years in a row build equity to €129,921.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €1,594 ▼84.5%
Net result drops to €1,594, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Assesse · 3 establishment units since 2018
Ground area
1.3 ha
Building footprint
555 m²
3 parcels, Wallonia. Linked by address, not a title deed.
3 establishment units
STEEL & MORE
since 20182.282.785.033
STEEL & MORE
since 20222.339.827.862
Pharma Courrière
since 20232.346.335.572
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92088B0140/00T000 | Wallonia | 9,474 m² | 1 · 216 m² | - |
| 92063B0076/00H000 | Wallonia | 2,369 m² | 1 · 146 m² | - |
| 92028A0513/00H005 | Wallonia | 1,240 m² | 1 · 193 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 980 companies in sector 25401 we hold annual accounts for 407. 322 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
Founded11-12-2018
Fiscal year end31-12
Trade name FR
STEEL & MORE / PHARMACOURRIERE
Activities, NACEBEL 2025
25401Forging of metal
47730Retail sale of pharmaceutical products
Contact
E-mail
info@steelandmore.be
Phone
+32474860277
Phone
+3281479124Assesse
E-invoicing
Reachable via Peppol
Peppol ID
0208:0715682133
Also
9925:BE0715682133
Registered
18-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.