WALPHARMA
ActiveSummary
WALPHARMA has been active since 1990 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €98,407 and a net result of -€27,936. Equity is shrinking by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability2▼-5
Solvency74▲+3
Growth58=
Track record92
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.89 against 1.8 in 2023; short-term debt: 51.5% and cash: 24.3% of total assets), but 51.5% 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
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
48.5%
Return on assets
-13.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€27,936
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
31 d late
2023
29 d late
2022
211 d late
2021
423 d late
2020
788 d late
2019
1153 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 439 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
History
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Financials · fiscal year 2024, micro schema
Equity
€98,407▼ 22.1%
2023 · €126,343
Total assets
€202,753▼ 26.7%
2023 · €276,687
Net result
-€27,936▼ 4.2%
2023 · -€26,815
Working capital
€93,020▼ 16.6%
2023 · €111,561
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-€36,482▲ 32.4%-€73,636▼ 102%-€16,590▲ 77.5%-€24,464▼ 47.5%-€28,281▼ 15.6%
Net result-€38,380below the sector's middle half▲ 30.5%-€75,529below the sector's middle half▼ 96.8%-€18,971below the sector's middle half▲ 74.9%-€26,815below the sector's middle half▼ 41.3%-€27,936below the sector's middle half▼ 4.2%
Equity€247,658above the sector's middle half▼ 13.4%€172,129above the sector's middle half▼ 30.5%€153,158above the sector's middle half▼ 11.0%€126,343above the sector's middle half▼ 17.5%€98,407within the sector's middle half▼ 22.1%
Total assets€459,829above the sector's middle half▲ 12.7%€290,993within the sector's middle half▼ 36.7%€288,268within the sector's middle half▼ 0.9%€276,687within the sector's middle half▼ 4.0%€202,753within the sector's middle half▼ 26.7%
Debt€212,171▲ 74.2%€118,864▼ 44.0%€135,109▲ 13.7%€150,344▲ 11.3%€104,346▼ 30.6%
Working capital€221,173above the sector's middle half▼ 12.7%€150,247above the sector's middle half▼ 32.1%€134,361above the sector's middle half▼ 10.6%€111,561above the sector's middle half▼ 17.0%€93,020above the sector's middle half▼ 16.6%
Solvency53.9%within the sector's middle half▼ 16.3pp59.2%within the sector's middle half▲ 5.3pp53.1%within the sector's middle half▼ 6.0pp45.7%within the sector's middle half▼ 7.5pp48.5%within the sector's middle half▲ 2.9pp
Current ratio2.37within the sector's middle half▼ 3.192.85above the sector's middle half▲ 0.482.21within the sector's middle half▼ 0.641.80within the sector's middle half▼ 0.411.89within the sector's middle half▲ 0.09
Return on assets (ROA)-8.3%below the sector's middle half▲ 5.2pp-26.0%below the sector's middle half▼ 17.6pp-6.6%below the sector's middle half▲ 19.4pp-9.7%below the sector's middle half▼ 3.1pp-13.8%below the sector's middle half▼ 4.1pp
Staff (FTE)1within the sector's middle half=1=1=1=
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28,281 in 2024 against €24,464 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €202,753
Fixed assets
€5,387 ▼ 79.3%
Current assets
€197,366 ▼ 21.3%
Equity and liabilities €202,753
Equity
€98,407 ▼ 22.1%
Debt
€104,346 ▼ 30.6%
Debt's share of the balance-sheet total falls from 54.3% to 51.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€7,617▼
2023 · -€3,654
Cash flow
-€7,273▼
2023 · -€6,006
Quick ratio
1.16▼
2023 · 1.29
Debt to equity
1.06▼
2023 · 1.19
ROE
-28.4%▼
2023 · -21.2%
Interest coverage
-15.23▼
2023 · -2.14
Debt ≤ 1 year
€104,346▼
2023 · €139,075
Income taxes
€354▼
2023 · €932
Staff costs
€46,759▲
2023 · €46,347
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 5,834 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 | €42,582 | €43,646 | €45,461 | €46,347 | €46,759 | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,142 | €23,742 | €19,858 | €20,809 | €20,663 | ▼ 0.7% |
| Other operating charges640/8 | €463 | €546 | €631 | €512 | €594 | ▲ 16.0% |
| Gross operating margin9900 | €29,705 | -€5,703 | €49,361 | €43,206 | €39,736 | ▼ 8.0% |
| Operating profit (loss)9901 | -€36,482 | -€73,636 | -€16,590 | -€24,464 | -€28,281 | ▼ 15.6% |
| Financial income75/76B | €1,122 | €561 | €382 | €287 | €1,199 | ▲ 317% |
| Recurring financial income75 | €1,122 | €561 | €382 | €287 | €1,199 | ▲ 317% |
| Non-recurring financial income76B | - | - | - | - | €1,199 | - |
| Financial charges65/66B | €2,576 | €2,396 | €2,395 | €1,707 | €500 | ▼ 70.7% |
| Recurring financial charges65 | €2,576 | €2,396 | €2,395 | €1,707 | €500 | ▼ 70.7% |
| Profit (loss) for the period before taxes9903 | -€37,935 | -€75,471 | -€18,603 | -€25,883 | -€27,582 | ▼ 6.6% |
| Income taxes67/77 | €444 | €58 | €368 | €932 | €354 | ▼ 62.0% |
| Profit (loss) for the period9904 | -€38,380 | -€75,529 | -€18,971 | -€26,815 | -€27,936 | ▼ 4.2% |
| Profit (loss) for the period to be appropriated9905 | -€38,380 | -€75,529 | -€18,971 | -€26,815 | -€27,936 | ▼ 4.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €459,829 | €290,993 | €288,268 | €276,687 | €202,753 | ▼ 26.7% |
| Fixed assets21/28 | €77,128 | €59,642 | €42,843 | €26,050 | €5,387 | ▼ 79.3% |
| Tangible fixed assets22/27 | €77,079 | €59,592 | €42,794 | €24,951 | €4,287 | ▼ 82.8% |
| Plant, machinery and equipment23 | - | - | €1,830 | €931 | €32 | ▼ 96.5% |
| Furniture and vehicles24 | - | - | €4,038 | €4,164 | €1,468 | ▼ 64.7% |
| Other tangible fixed assets26 | €77,079 | €59,592 | €36,925 | €19,856 | €2,787 | ▼ 86.0% |
| Financial fixed assets28 | €50 | €50 | €50 | €1,100 | €1,100 | = |
| Current assets29/58 | €382,701 | €231,352 | €245,424 | €250,636 | €197,366 | ▼ 21.3% |
| Stocks and contracts in progress3 | €73,247 | €60,961 | €58,554 | €71,403 | €76,785 | ▲ 7.5% |
| Stocks30/36 | €73,247 | €60,961 | €58,554 | €71,403 | €76,785 | ▲ 7.5% |
| Amounts receivable within one year40/41 | €61,609 | €37,977 | €69,153 | €55,957 | €18,815 | ▼ 66.4% |
| Trade receivables40 | €25,570 | €2,814 | €20,383 | €20,957 | €17,782 | ▼ 15.1% |
| Other amounts receivable41 | €36,039 | €35,163 | €48,770 | €35,000 | €1,033 | ▼ 97.0% |
| Current investments50/53 | €114,264 | €94,270 | €62,499 | €60,453 | €45,453 | ▼ 24.8% |
| Cash at bank and in hand54/58 | €122,982 | €33,888 | €48,528 | €53,691 | €49,208 | ▼ 8.3% |
| Deferred charges and accrued income490/1 | €10,599 | €4,256 | €6,691 | €9,133 | €7,104 | ▼ 22.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €459,829 | €290,993 | €288,268 | €276,687 | €202,753 | ▼ 26.7% |
| Equity10/15 | €247,658 | €172,129 | €153,158 | €126,343 | €98,407 | ▼ 22.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €227,207 | €151,678 | €132,707 | €105,892 | €77,956 | ▼ 26.4% |
| Amounts payable17/49 | €212,171 | €118,864 | €135,109 | €150,344 | €104,346 | ▼ 30.6% |
| Amounts payable after more than one year17 | €50,643 | €37,760 | €24,046 | €11,268 | - | - |
| Financial debts170/4 | €50,643 | €37,760 | €24,046 | €11,268 | - | - |
| Amounts payable within one year42/48 | €161,528 | €81,105 | €111,064 | €139,075 | €104,346 | ▼ 25.0% |
| Current portion of amounts payable after more than one year42 | €12,641 | €12,883 | €13,714 | €13,382 | €11,224 | ▼ 16.1% |
| Trade debts44 | €118,680 | €26,598 | €35,154 | €37,282 | €22,656 | ▼ 39.2% |
| Suppliers440/4 | €118,680 | €26,598 | €35,154 | €37,282 | €22,656 | ▼ 39.2% |
| Taxes, remuneration and social security45 | €13,578 | €14,854 | €22,153 | €25,614 | €4,326 | ▼ 83.1% |
| Taxes450/3 | €2,343 | €3,690 | €19,949 | €19,292 | €4,326 | ▼ 77.6% |
| Remuneration and social security454/9 | €11,236 | €11,164 | €2,204 | €6,322 | - | - |
| Other amounts payable47/48 | €16,629 | €26,769 | €40,042 | €62,797 | €66,139 | ▲ 5.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€38,380 | -€75,529 | -€18,971 | -€26,815 | -€27,936 | ▼ 4.2% |
| + Depreciation and write-downs630 | €23,142 | €23,742 | €19,858 | €20,809 | €20,663 | ▼ 0.7% |
| Operating cash flow (approximation) | -€15,238 | -€51,787 | €888 | -€6,006 | -€7,273 | ▼ 21.1% |
| Investment in fixed assets (approximation) | - | -€6,255 | -€3,060 | -€4,017 | €0 | ▲ 100% |
| Change in cash | - | -€89,094 | €14,641 | €5,163 | -€4,483 | ▼ 187% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
08-03
KBO administration
Strikeout withdrawn
event 27-02-2024
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 211 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 423 days late
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 788 days late
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1153 days late
2021
31-12
Financial
Weakest financial yearnet -€75,529
Net result drops to -€75,529, the lowest in the series; recovery starts the following year.
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
30-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Arlon · 1 establishment unit since 1991
Ground area
1,154 m²
Building footprint
230 m²
Volume, LiDAR
3,347 m³
Parcel 81001A1029/00Y002, Wallonia · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de la Gare 13, 6700 Arlon
since 19912.051.088.952
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81001A1029/00Y002 | Wallonia | 1,154 m² | 1 · 230 m² | 16.1 m · 5 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
Legal Entity Identifier
967600O33X68KXEA8T41
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Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 3,411 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
Founded10-12-1990
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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442452731
Registered
30-12-2025
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.