SEPHABEL
ActiveSummary
SEPHABEL has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €706,579 and a net result of -€10,698. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 71% of 9634 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▲+5
Solvency83▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 3.85 against 4.46 in 2023; short-term debt: 21.8% and cash: 11.1% of total assets), and 41.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 →
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 2024Solvency, return and age of the figures
Solvency
58.2%
Return on assets
-0.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
29 d early
2022
52 d early
2021
48 d early
2020
54 d early
2019
24 d early
← 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 36 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€706,579▼ 1.5%
2023 · €717,277
Total assets
€1.2m▼ 0.4%
2023 · €1.2m
Net result
-€10,698▲ 35.1%
2023 · -€16,487
Working capital
€756,074▲ 1.8%
2023 · €742,689
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Operating result€92,827▲ 149%€25,358▼ 72.7%€57,287▲ 126%-€40€5,025
Net result€84,711within the sector's middle half▲ 171%€13,381within the sector's middle half▼ 84.2%€38,013within the sector's middle half▲ 184%-€16,487below the sector's middle half-€10,698below the sector's middle half▲ 35.1%
Equity€702,370above the sector's middle half▲ 2.1%€715,751above the sector's middle half▲ 1.9%€733,764above the sector's middle half▲ 2.5%€717,277above the sector's middle half▼ 2.2%€706,579within the sector's middle half▼ 1.5%
Total assets€1.5mwithin the sector's middle half▲ 6.0%€1.3mwithin the sector's middle half▼ 11.6%€1.3mwithin the sector's middle half▲ 2.3%€1.2mwithin the sector's middle half▼ 8.1%€1.2mwithin the sector's middle half▼ 0.4%
Debt€761,384▲ 9.8%€578,784▼ 24.0%€590,910▲ 2.1%€500,547▼ 15.3%€506,831▲ 1.3%
Working capital€541,751above the sector's middle half▲ 7.2%€577,767above the sector's middle half▲ 6.6%€763,600above the sector's middle half▲ 32.2%€742,689above the sector's middle half▼ 2.7%€756,074above the sector's middle half▲ 1.8%
Solvency48.0%within the sector's middle half▼ 1.8pp55.3%within the sector's middle half▲ 7.3pp55.4%within the sector's middle half▲ 0.1pp58.9%within the sector's middle half▲ 3.5pp58.2%within the sector's middle half▼ 0.7pp
Current ratio2.08within the sector's middle half▼ 0.212.61within the sector's middle half▲ 0.543.91above the sector's middle half▲ 1.294.46above the sector's middle half▲ 0.553.85above the sector's middle half▼ 0.61
Return on assets (ROA)5.8%within the sector's middle half▲ 3.5pp1.0%below the sector's middle half▼ 4.8pp2.9%within the sector's middle half▲ 1.8pp-1.4%below the sector's middle half▼ 4.2pp-0.9%below the sector's middle half▲ 0.5pp
Staff (FTE)4.8within the sector's middle half▼ 9.4%4.8within the sector's middle half=6.2within the sector's middle half▲ 29.2%4.6within the sector's middle half▼ 25.8%4.3within the sector's middle half▼ 6.5%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5,025 after a loss of €40 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€192,395 ▼ 26.2%
Current assets
€1.0m ▲ 6.7%
Equity and liabilities €1.2m
Equity
€706,579 ▼ 1.5%
Debt
€506,831 ▲ 1.3%
Debt's share of the balance-sheet total rises from 41.1% to 41.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€75,626▲
2023 · €69,875
Cash flow
€59,903▲
2023 · €53,429
Quick ratio
2.57▼
2023 · 2.91
Debt to equity
0.72▲
2023 · 0.70
ROE
-1.5%▲
2023 · -2.3%
Interest coverage
3.92▲
2023 · 3.38
Debt ≤ 1 year
€264,941▲
2023 · €214,598
Debt > 1 year
€239,497▼
2023 · €283,395
Income taxes
€302
Staff costs
€359,760▲
2023 · €345,904
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 12,321 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €344,807 | €348,017 | €345,904 | €359,760 | ▲ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71,329 | €69,222 | €67,921 | €69,916 | €70,601 | ▲ 1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,286 | - |
| Other operating charges640/8 | - | €4,525 | €4,271 | €4,675 | €4,946 | ▲ 5.8% |
| Gross operating margin9900 | €461,204 | €443,911 | €477,496 | €420,454 | €442,618 | ▲ 5.3% |
| Operating profit (loss)9901 | €92,827 | €25,358 | €57,287 | -€40 | €5,025 | ▲ 12,624% |
| Financial income75/76B | - | €7,152 | €2,862 | €4,207 | €3,880 | ▼ 7.8% |
| Recurring financial income75 | €4,609 | €6,864 | €2,862 | €4,207 | €3,880 | ▼ 7.8% |
| Non-recurring financial income76B | - | €288 | - | - | - | - |
| Financial charges65/66B | - | €12,953 | €14,152 | €20,653 | €19,301 | ▼ 6.5% |
| Recurring financial charges65 | €13,008 | €12,953 | €14,152 | €20,653 | €19,301 | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | €86,428 | €19,557 | €45,998 | -€16,487 | -€10,397 | ▲ 36.9% |
| Income taxes67/77 | €1,717 | €6,177 | €7,985 | - | €302 | - |
| Profit (loss) for the period9904 | €84,711 | €13,381 | €38,013 | -€16,487 | -€10,698 | ▲ 35.1% |
| Profit (loss) for the period to be appropriated9905 | €84,711 | €13,381 | €38,013 | -€16,487 | -€10,698 | ▲ 35.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 0.4% |
| Fixed assets21/28 | €419,492 | €358,864 | €298,343 | €260,537 | €192,395 | ▼ 26.2% |
| Tangible fixed assets22/27 | €415,202 | €354,574 | €294,054 | €256,247 | €188,105 | ▼ 26.6% |
| Land and buildings22 | - | €180,984 | €170,209 | €159,434 | €148,660 | ▼ 6.8% |
| Plant, machinery and equipment23 | - | €173,591 | €123,845 | €95,659 | €38,539 | ▼ 59.7% |
| Furniture and vehicles24 | - | - | - | €1,154 | €906 | ▼ 21.5% |
| Financial fixed assets28 | €4,290 | €4,290 | €4,290 | €4,290 | €4,290 | = |
| Current assets29/58 | €1.0m | €935,670 | €1.0m | €957,287 | €1.0m | ▲ 6.7% |
| Stocks and contracts in progress3 | €310,911 | €326,921 | €319,260 | €332,996 | €339,361 | ▲ 1.9% |
| Stocks30/36 | - | €326,921 | €319,260 | €332,996 | €339,361 | ▲ 1.9% |
| Amounts receivable within one year40/41 | €586,766 | €469,672 | €510,222 | €499,463 | €510,173 | ▲ 2.1% |
| Trade receivables40 | - | €178,282 | €175,637 | €175,807 | €182,264 | ▲ 3.7% |
| Other amounts receivable41 | - | €291,390 | €334,585 | €323,656 | €327,909 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €107,260 | €106,556 | €157,951 | €84,519 | €135,114 | ▲ 59.9% |
| Deferred charges and accrued income490/1 | - | €32,522 | €38,897 | €40,310 | €36,368 | ▼ 9.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 0.4% |
| Equity10/15 | €702,370 | €715,751 | €733,764 | €717,277 | €706,579 | ▼ 1.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €426,255 | €426,255 | €426,255 | €426,255 | €426,255 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €420,055 | €420,055 | €420,055 | €420,055 | = |
| Profit (loss) carried forward14 | €214,116 | €227,496 | €245,509 | €229,023 | €218,324 | ▼ 4.7% |
| Amounts payable17/49 | €761,384 | €578,784 | €590,910 | €500,547 | €506,831 | ▲ 1.3% |
| Amounts payable after more than one year17 | €257,524 | €220,100 | €326,132 | €283,395 | €239,497 | ▼ 15.5% |
| Financial debts170/4 | - | €220,100 | €326,132 | €283,395 | €239,497 | ▼ 15.5% |
| Amounts payable within one year42/48 | €502,511 | €357,904 | €262,730 | €214,598 | €264,941 | ▲ 23.5% |
| Current portion of amounts payable after more than one year42 | - | €37,424 | €42,785 | €42,737 | €43,498 | ▲ 1.8% |
| Financial debts43 | - | €175,000 | - | - | - | - |
| Credit institutions430/8 | - | €175,000 | - | - | - | - |
| Trade debts44 | €165,953 | €85,571 | €130,221 | €117,898 | €143,727 | ▲ 21.9% |
| Suppliers440/4 | - | €85,571 | €130,221 | €117,898 | €143,727 | ▲ 21.9% |
| Taxes, remuneration and social security45 | - | €59,520 | €69,061 | €46,954 | €74,035 | ▲ 57.7% |
| Taxes450/3 | - | €6,674 | €6,495 | €5,396 | €6,774 | ▲ 25.5% |
| Remuneration and social security454/9 | - | €52,846 | €62,566 | €41,559 | €67,261 | ▲ 61.8% |
| Other amounts payable47/48 | - | €388 | €20,664 | €7,008 | €3,680 | ▼ 47.5% |
| Accrued charges and deferred income492/3 | - | €780 | €2,047 | €2,554 | €2,393 | ▼ 6.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84,711 | €13,381 | €38,013 | -€16,487 | -€10,698 | ▲ 35.1% |
| + Depreciation and write-downs630 | €71,329 | €69,222 | €67,921 | €69,916 | €70,601 | ▲ 1.0% |
| Operating cash flow (approximation) | €156,041 | €82,602 | €105,934 | €53,429 | €59,903 | ▲ 12.1% |
| Investment in fixed assets (approximation) | - | -€8,594 | -€7,400 | -€32,109 | -€2,459 | ▲ 92.3% |
| Change in cash | - | -€704 | €51,395 | -€73,431 | €50,595 | ▲ 169% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €84,711 ▲171%
Operating result €92,827, net result €84,711, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €31,257
Net result €31,257 after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Leuven · 1 establishment unit since 1993
Ground area
355 m²
Building footprint
159 m²
Volume, LiDAR
1,462 m³
Parcel 24434F0287/00H002, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
APOTHEEK
since 19932.062.574.247
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24434F0287/00H002 | Flanders | 355 m² | 1 · 159 m² | 14.9 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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- BARKER
- SEPHABEL
Highest known parent: BARKER. The sources do not say who stands above it.
Owners 1
- BARKERparent100%
Holdings 1
-
1.5%
According to the 2024 annual accounts of SEPHABEL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
PHARMACIE FANNY GARIN
BE 0822.057.083
Mons · Eq €706,740
APOTHEEK DELBEKE - AERTS
BE 0480.325.984
Hooglede · Eq €706,387
VITACURA
BE 0413.594.340
Liège · Eq €706,330
PHARMACIE RONLEZ
BE 0898.511.988
Ath · Eq €707,121
PHARMACIE CARRA
BE 0478.938.983
Seraing · Eq €707,527
Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 3,224 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
47750Retail sale of cosmetics and toilet articles
Contact
E-mail
mail@apotheekkerre.beLeuven
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449100694
Also
9925:BE0449100694
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.