TORNAPHAR
ActiveTORNAPHAR has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €919k and a net result of €6k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 6592 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability3▼-10
Solvency29=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days only on tighter terms
Liquidity short (current ratio 0.49 against 0.46 in 2023), and 73.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 47
higher
← 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 2024Solvency, return and age of the figures
Solvency
26.1%
Return on assets
0.2%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 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
74 d late
2023
78 d late
2022
73 d late
2021
78 d late
2020
96 d late
2019
123 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€0
2023 · €0
2018: €0
2019: €0
2020: €0
2021: €0
2022: €0
2023: €0
2018 → 2024
EBIT margin
Not included in this filing
Net result
€6k▼ 73.8%
2023 · €24k
2018: €111k
2019: €348k
2020: €22k
2021: €99k
2022: €20k
2023: €24k
2018 → 2024
Working capital
€-941k▲ 1.0%
2023 · €-951k
2018: €-805k
2019: €-437k
2020: €-494k
2021: €-561k
2022: €-883k
2023: €-951k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0-€0€0€0€0
Equity€829k-€878k▲ 6.0%€898k▲ 2.3%€923k▲ 2.7%€919k▼ 0.4%
Operating result€38k-€146k▲ 281%€41k▼ 71.8%€64k▲ 55.6%€52k▼ 19.7%
Net result€22k-€99k▲ 350%€20k▼ 79.6%€24k▲ 19.4%€6k▼ 73.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.53M
Fixed assets
€2.62M▼ 4.1%
Current assets
€906k▲ 11.3%
Equity and liabilities €3.53M
Equity
€919k▼ 0.4%
Provisions
€97k▼ 6.1%
Debt
€2.51M▼ 0.4%
The debt ratio rises from 71.1% to 71.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€180k▲
2023 · €176k
Cash flow
€135k▼
2023 · €136k
Solvency
26.1%▲
2023 · 26.0%
Current ratio
0.49▲
2023 · 0.46
Quick ratio
0.29▲
2023 · 0.26
Debt / equity
2.73=
2023 · 2.73
ROE
0.7%▼
2023 · 2.6%
ROA
0.2%▼
2023 · 0.7%
Interest coverage
5.17▼
2023 · 7.58
Debt
€2.51M▼
2023 · €2.52M
Debt ≤ 1 year
€1.85M▲
2023 · €1.76M
Debt > 1 year
€658k▼
2023 · €755k
Income taxes
€17k▼
2023 · €23k
Staff costs
€666k▲
2023 · €466k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.55M€3.53M▼
Fixed assets21/28€2.73M€2.62M▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€1.14M€1.05M▼
Land and buildings22€1.02M€970k▼
Plant, machinery and equipment23€729€6k▲
Furniture and vehicles24€89k€65k▼
Other tangible fixed assets26€28k€14k▼
Financial fixed assets28€1.60M€1.57M▼
Current assets29/58€814k€906k▲
Stocks and contracts in progress3€347k€376k▲
Stocks30/36€347k€376k▲
Amounts receivable within one year40/41€357k€390k▲
Trade receivables40€333k€369k▲
Other amounts receivable41€24k€21k▼
Current investments50/53€3k€3k=
Cash at bank and in hand54/58€90k€125k▲
Deferred charges and accrued income490/1€17k€12k▼
Equity and liabilities
Total equity and liabilities10/49€3.55M€3.53M▼
Equity10/15€923k€919k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€795k€830k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€238k€219k▼
Distributable reserves133€551k€605k▲
Profit (loss) carried forward14€66k€28k▼
Provisions and deferred taxes16€104k€97k▼
Deferred taxes168€104k€97k▼
Amounts payable17/49€2.52M€2.51M▼
Amounts payable after more than one year17€755k€658k▼
Financial debts170/4€729k€658k▼
Other amounts payable178/9€26k€0▼
Amounts payable within one year42/48€1.76M€1.85M▲
Current portion of amounts payable after more than one year42€122k€132k▲
Financial debts43€20k€0▼
Credit institutions430/8€20k€0▼
Trade debts44€1.09M€1.10M▲
Suppliers440/4€1.09M€1.10M▲
Taxes, remuneration and social security45€108k€148k▲
Taxes450/3€28k€41k▲
Remuneration and social security454/9€80k€106k▲
Other amounts payable47/48€423k€470k▲
Accrued charges and deferred income492/3-€5k
Income statement
Code20232024
Turnover70€0€0=
Goods, raw materials, services and sundry goods60/61€0€0=
Remuneration, social security and pensions62€466k€666k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€129k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€961-
Other operating charges640/8€12k€13k▲
Gross operating margin9900€655k€859k▲
Operating profit (loss)9901€64k€52k▼
Financial charges65/66B€23k€35k▲
Recurring financial charges65€23k€35k▲
Profit (loss) for the period before taxes9903€41k€17k▼
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€23k€17k▼
Profit (loss) for the period9904€24k€6k▼
Transfer from tax-exempt reserves789€19k€19k=
Profit (loss) for the period to be appropriated9905€43k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€88k€92k▲
Profit (loss) brought forward from the previous period14P€45k€66k▲
Transfer to equity691/2€22k€54k▲
To other reserves6921€22k€54k▲
Profit to be distributed694/7-€10k
Directors or managers695-€10k
Social balance
Average headcount (FTE)90877.310.0▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 74 days late
2024
31-12
Financial
Weakest financial yearnet €6k ▼73.8%
Net result drops to €6k, the lowest in the series.
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 78 days late
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 73 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 78 days late
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 96 days late
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 123 days late
2019
31-12
Financial
Highest result since 2018net €348k ▲213%
Operating result €511k, net result €348k, both a record.
31-12
Financial
Equity above €500kEq €807k ▲75.8%
2 profitable years in a row build equity to €807k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Tournai · 4 establishment units since 1993
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.
Rue de Roubaix(TEM) 127520 TournaiGround area
6,543 m²
Building footprint
550 m²
Volume, LiDAR
4,116 m³
5 parcels, Wallonia · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
4 establishment units
PHARMACIE TORNAPHAR
since 19932.060.496.665
TORNAPHAR
since 20032.178.160.932
TORNAPHAR
since 20082.178.160.140
TORNAPHAR
since 20082.178.161.229
5 parcels
Wallonia
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57026B0398/00C000 | Wallonia | 3,065 m² | 1 · 90 m² | 11.4 m · 3 fl. |
| 57042A0277/00P008 | Wallonia | 1,613 m² | 1 · 141 m² | 12.3 m · 3 fl. |
| 57031B0394/00V002 | Wallonia | 1,033 m² | 1 · 186 m² | 6.8 m · 2 fl. |
| 57078D1062/00S008 | Wallonia | 615 m² | 1 · 4 m² | 8.9 m · 3 fl. |
| 57078D0814/00L000 | Wallonia | 217 m² | 1 · 128 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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APOTHEKEN PEETERS
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APOTHEEK I. DE BAUW
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Of 5,208 companies in sector 47730 we hold annual accounts for 3,850. 3,068 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-09-1992
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
52310
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.