SUPERFARMA
ActiveFinancials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 08-09-2026 at the NBB all 15 filings
Turnover
≈ €370,000
Estimated: probably between €300,000 and €480,000
Total assets
€1.9m▲ 1.2%
2025 · €1.9m
Net result
€150,419▲ 63.0%
2025 · €92,271
Working capital
-€895,846▲ 4.0%
2025 · -€932,910
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€227,816
▲ 54.5%
2026
20192026
Net result
€150,419
▲ 63.0%
2026
20192026
Equity
€971,392
▲ 18.3%
2026
20192026
Total assets
€1.9m
▲ 1.2%
2026
20192026
Debt
€908,824
▼ 12.3%
2026
20192026
Working capital
-€895,846
▲ 4.0%
2026
20192026
Solvency
51.7%
▲ 7.5pp
2026
20192026
Current ratio
0.01
▼ 0.03
2026
20192026
Return on assets (ROA)
8.0%
▲ 3.0pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.1m-€0.1m▲ 3.0%€0.1m▲ 2.8%€0.1m▼ 3.9%€0.2m▲ 19.9%€0.08m▼ 49.1%€0.1m▲ 76.5%€0.2m▲ 54.5%
Net result€0.06m-€0.07m▲ 9.6%€0.08mwithin the sector's middle half▲ 11.2%€0.08mwithin the sector's middle half▼ 1.6%€0.1mwithin the sector's middle half▲ 24.9%€0.05mwithin the sector's middle half▼ 52.6%€0.09mwithin the sector's middle half▲ 102%€0.2m▲ 63.0%
Equity€0.4m-€0.4m▲ 19.6%€0.5mwithin the sector's middle half▲ 18.2%€0.6mwithin the sector's middle half▲ 15.2%€0.7mwithin the sector's middle half▲ 16.4%€0.7mwithin the sector's middle half▲ 6.7%€0.8mwithin the sector's middle half▲ 12.7%€1.0m▲ 18.3%
Total assets€1.9m-€1.9m▲ 0.3%€1.9mwithin the sector's middle half▲ 0.5%€1.9mwithin the sector's middle half▼ 0.7%€1.9mwithin the sector's middle half▲ 2.5%€1.9mwithin the sector's middle half▼ 3.5%€1.9mwithin the sector's middle half▲ 0.1%€1.9m▲ 1.2%
Debt€1.5m-€1.4m▼ 4.3%€1.4m▼ 4.7%€1.3m▼ 6.5%€1.2m▼ 3.8%€1.1m▼ 9.1%€1.0m▼ 8.0%€0.9m▼ 12.3%
Working capital-€0.8m--€0.8m▼ 2.5%-€0.8mbelow the sector's middle half▼ 2.0%-€0.8mbelow the sector's middle half▼ 2.6%-€0.9mbelow the sector's middle half▼ 0.7%-€0.9mbelow the sector's middle half▼ 7.2%-€0.9mbelow the sector's middle half▼ 2.1%-€0.9m▲ 4.0%
Solvency19.2%-22.9%▲ 3.7pp27.0%within the sector's middle half▲ 4.0pp31.3%within the sector's middle half▲ 4.3pp35.5%within the sector's middle half▲ 4.2pp39.3%within the sector's middle half▲ 3.7pp44.2%within the sector's middle half▲ 4.9pp51.7%▲ 7.5pp
Current ratio0.07-0.08▲ 0.010.08below the sector's middle half▲ 0.010.07below the sector's middle half▼ 0.010.12below the sector's middle half▲ 0.050.05below the sector's middle half▼ 0.070.05below the sector's middle half=0.01▼ 0.03
Return on assets (ROA)3.4%-3.8%▲ 0.3pp4.2%within the sector's middle half▲ 0.4pp4.1%within the sector's middle half=5.0%within the sector's middle half▲ 0.9pp2.5%within the sector's middle half▼ 2.6pp5.0%within the sector's middle half▲ 2.5pp8.0%▲ 3.0pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 54% higher than in 2025 and the highest since 2022. It is the second rise in a row, after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.9m ▲ 3.1%
Current assets
€12,978 ▼ 72.0%
Equity and liabilities €1.9m
Equity
€971,392 ▲ 18.3%
Debt
€908,824 ▼ 12.3%
Debt's share of the balance-sheet total falls from 55.8% to 48.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€232,929▲
2025 · €147,613
Cash flow
€155,531▲
2025 · €92,419
Debt to equity
0.94▼
2025 · 1.26
ROE
15.5%▲
2025 · 11.2%
Interest coverage
38.30▲
2025 · 12.79
Debt ≤ 1 year
€908,824▼
2025 · €979,193
Income taxes
€71,316▲
2025 · €43,651
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €60,809 |
| Depreciation and write-downs of the year | €148 | €148 | €148 | €148 | €5,113 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148 | €148 | €148 | €148 | €148 | €148 | €148 | €5,113 | ▲ 35× |
| Other operating charges640/8 | - | - | - | - | - | - | - | €176 | - |
| Gross operating margin9900 | €134,790 | €144,366 | €142,544 | €136,982 | €164,218 | €83,709 | €147,613 | €233,104 | ▲ 57.9% |
| Operating profit (loss)9901 | €134,580 | €138,556 | €142,396 | €136,834 | €164,070 | €83,561 | €147,465 | €227,816 | ▲ 54.5% |
| Recurring financial income75 | - | €323 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €23,450 | €19,529 | €16,049 | €11,543 | €6,081 | ▼ 47.3% |
| Recurring financial charges65 | €37,170 | €28,187 | €27,251 | €23,450 | €19,529 | €16,049 | €11,543 | €6,081 | ▼ 47.3% |
| Profit (loss) for the period before taxes9903 | €97,410 | €110,693 | €115,145 | €113,384 | €144,541 | €67,512 | €135,922 | €221,735 | ▲ 63.1% |
| Income taxes67/77 | €33,072 | €40,155 | €36,691 | €36,159 | €48,098 | €21,777 | €43,651 | €71,316 | ▲ 63.4% |
| Profit (loss) for the period9904 | €64,338 | €70,538 | €78,454 | €77,225 | €96,443 | €45,735 | €92,271 | €150,419 | ▲ 63.0% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €17,800 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €46,538 | €70,538 | €78,454 | €77,225 | €114,243 | €45,735 | €92,271 | €150,419 | ▲ 63.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | ▲ 1.2% |
| Fixed assets21/28 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.9m | ▲ 3.1% |
| Tangible fixed assets22/27 | €0.003m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.06m | ▲ 35× |
| Land and buildings22 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.001m | ▼ 9.1% |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €0.06m | - |
| Financial fixed assets28 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Current assets29/58 | €0.06m | €0.07m | €0.08m | €0.06m | €0.1m | €0.04m | €0.05m | €0.01m | ▼ 72.0% |
| Amounts receivable within one year40/41 | €0.06m | €0.06m | €0.07m | €0.06m | €0.1m | €0.04m | €0.05m | €0.01m | ▼ 73.7% |
| Trade receivables40 | - | - | - | €0.06m | €0.1m | €0.01m | €0.01m | €0.01m | = |
| Other amounts receivable41 | - | - | - | €0.002m | €0.006m | €0.03m | €0.03m | - | - |
| Cash at bank and in hand54/58 | €90 | €0.002m | €0.002m | €0.001m | €0.001m | €227 | €333 | €0.001m | ▲ 111% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €218 | - | €177 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | ▲ 1.2% |
| Equity10/15 | €0.4m | €0.4m | €0.5m | €0.6m | €0.7m | €0.7m | €0.8m | €1.0m | ▲ 18.3% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | €0.7m | €0.8m | €1.0m | ▲ 18.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.5m | €0.7m | €0.7m | €0.8m | €1.0m | ▲ 18.8% |
| Amounts payable17/49 | €1.5m | €1.4m | €1.4m | €1.3m | €1.2m | €1.1m | €1.0m | €0.9m | ▼ 12.3% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.5m | €0.4m | €0.3m | €0.2m | €0.06m | - | - |
| Financial debts170/4 | - | - | - | €0.4m | €0.3m | €0.2m | €0.06m | - | - |
| Amounts payable within one year42/48 | €0.8m | €0.9m | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | €0.9m | ▼ 7.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 41.6% |
| Trade debts44 | €249 | €73 | €74 | €285 | €87 | €88 | €0.001m | €0.001m | ▼ 14.8% |
| Suppliers440/4 | - | - | - | €285 | €87 | €88 | €0.001m | €0.001m | ▼ 14.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.02m | €0.008m | €0.003m | €0.02m | ▲ 550% |
| Taxes450/3 | - | - | - | €0.01m | €0.02m | €0.007m | €0.003m | €0.02m | ▲ 550% |
| Remuneration and social security454/9 | - | - | - | €0.001m | €0.001m | €0.001m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 3.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64,338 | €70,538 | €78,454 | €77,225 | €96,443 | €45,735 | €92,271 | €150,419 | ▲ 63.0% |
| + Depreciation and write-downs630 | €148 | €148 | €148 | €148 | €148 | €148 | €148 | €5,113 | ▲ 35× |
| Operating cash flow (approximation) | €64,486 | €70,686 | €78,602 | €77,373 | €96,591 | €45,883 | €92,419 | €155,531 | ▲ 68.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | -€60,809 | - |
| Change in cash | - | €1,623 | -€142 | -€347 | -€648 | -€349 | €106 | €368 | ▲ 247% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 08-09-2026 | 2026-00507193 | |
| 31-03-2025 | abbreviated format | 02-09-2025 | 2025-00469825 | |
| 31-03-2024 | abbreviated format | 04-09-2024 | 2024-00446180 | |
| 31-03-2023 | abbreviated format | 14-09-2023 | 2023-00445873 | |
| 31-03-2022 | abbreviated format | 20-09-2022 | 2022-20431772 | |
| 31-03-2021 | abbreviated format | 30-08-2021 | 2021-57300314 | |
| 31-03-2020 | abbreviated format | 25-09-2020 | 2020-55600501 | |
| 31-03-2019 | abbreviated format | 13-09-2019 | 2019-64200538 | |
| 31-03-2018 | abbreviated format | 27-09-2018 | 2018-65400048 | |
| 31-03-2017 | abbreviated format | 26-09-2017 | 2017-62600078 |