GESTIPHARMA
ActiveSummary
GESTIPHARMA has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €815,663 and a net result of €77,529. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+18
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 9.41 against 8.31 in 2024; short-term debt: 5.1% and cash: 47.6% of total assets), and 5.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
94.9%
Return on assets
9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
17 d early
2023
6 d late
2022
23 d late
2021
16 d late
2020
9 d late
2019
25 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 4 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 7 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€77,529
2024 · -€40,570
Working capital
€367,878▲ 68.6%
2024 · €218,228
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result-€44,750▲ 29.2%-€93,834▼ 110%€1,282-€40,926€76,706
Net result-€44,849below the sector's middle half▲ 29.2%-€93,942below the sector's middle half▼ 109%€1,416below the sector's middle half-€40,570below the sector's middle half€77,529within the sector's middle half
Equity€871,230above the sector's middle half▼ 4.9%€777,288above the sector's middle half▼ 10.8%€778,704above the sector's middle half▲ 0.2%€738,134above the sector's middle half▼ 5.2%€815,663within the sector's middle half▲ 10.5%
Total assets€880,534above the sector's middle half▼ 7.4%€786,844above the sector's middle half▼ 10.6%€810,697above the sector's middle half▲ 3.0%€767,985above the sector's middle half▼ 5.3%€859,421within the sector's middle half▲ 11.9%
Debt€9,304▼ 73.3%€9,556▲ 2.7%€31,993▲ 235%€29,851▼ 6.7%€43,758▲ 46.6%
Working capital€96,185within the sector's middle half▲ 87.9%€91,940within the sector's middle half▼ 4.4%€165,821above the sector's middle half▲ 80.4%€218,228above the sector's middle half▲ 31.6%€367,878above the sector's middle half▲ 68.6%
Solvency98.9%above the sector's middle half▲ 2.6pp98.8%above the sector's middle half▼ 0.2pp96.1%above the sector's middle half▼ 2.7pp96.1%above the sector's middle half▲ 0.1pp94.9%above the sector's middle half▼ 1.2pp
Current ratio11.34above the sector's middle half▲ 8.8710.62above the sector's middle half▼ 0.726.18above the sector's middle half▼ 4.448.31above the sector's middle half▲ 2.139.41above the sector's middle half▲ 1.10
Return on assets (ROA)-5.1%below the sector's middle half▲ 1.6pp-11.9%below the sector's middle half▼ 6.8pp0.2%below the sector's middle half▲ 12.1pp-5.3%below the sector's middle half▼ 5.5pp9.0%within the sector's middle half▲ 14.3pp
Staff (FTE)1=1=1=1.5▲ 50.0%1.3within the sector's middle half▼ 13.3%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €76,706 after a loss of €40,926 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €859,421
Fixed assets
€447,785 ▼ 13.9%
Current assets
€411,636 ▲ 65.9%
Equity and liabilities €859,421
Equity
€815,663 ▲ 10.5%
Debt
€43,758 ▲ 46.6%
Debt's share of the balance-sheet total rises from 3.9% to 5.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€154,247▲
2024 · €52,051
Cash flow
€155,070▲
2024 · €52,407
Debt to equity
0.05▲
2024 · 0.04
ROE
9.5%▲
2024 · -5.5%
Interest coverage
347.40▲
2024 · 264.22
Debt ≤ 1 year
€43,758▲
2024 · €29,851
Income taxes
€251▲
2024 · €237
Staff costs
€69,041▼
2024 · €87,359
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 31,370 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €46,241 | €48,305 | €53,908 | €87,359 | €69,041 | ▼ 21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90,483 | €90,606 | €91,060 | €92,977 | €77,541 | ▼ 16.6% |
| Other operating charges640/8 | €3,909 | €4,490 | €5,195 | €5,580 | €6,871 | ▲ 23.1% |
| Gross operating margin9900 | €95,883 | €49,567 | €151,445 | €144,990 | €230,159 | ▲ 58.7% |
| Operating profit (loss)9901 | -€44,750 | -€93,834 | €1,282 | -€40,926 | €76,706 | ▲ 287% |
| Financial income75/76B | - | - | €277 | €790 | €1,518 | ▲ 92.2% |
| Recurring financial income75 | - | - | €277 | €790 | €1,518 | ▲ 92.2% |
| Financial charges65/66B | €99 | €108 | €143 | €197 | €444 | ▲ 125% |
| Recurring financial charges65 | €99 | €108 | €143 | €197 | €444 | ▲ 125% |
| Profit (loss) for the period before taxes9903 | -€44,849 | -€93,942 | €1,416 | -€40,333 | €77,780 | ▲ 293% |
| Income taxes67/77 | - | - | - | €237 | €251 | ▲ 5.9% |
| Profit (loss) for the period9904 | -€44,849 | -€93,942 | €1,416 | -€40,570 | €77,529 | ▲ 291% |
| Profit (loss) for the period to be appropriated9905 | -€44,849 | -€93,942 | €1,416 | -€40,570 | €77,529 | ▲ 291% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €880,534 | €786,844 | €810,697 | €767,985 | €859,421 | ▲ 11.9% |
| Fixed assets21/28 | €775,045 | €685,348 | €612,883 | €519,906 | €447,785 | ▼ 13.9% |
| Tangible fixed assets22/27 | €774,995 | €685,298 | €612,833 | €519,856 | €447,735 | ▼ 13.9% |
| Land and buildings22 | €774,995 | €685,298 | €607,997 | €516,020 | €441,690 | ▼ 14.4% |
| Furniture and vehicles24 | - | - | €4,836 | €3,836 | €6,045 | ▲ 57.6% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €105,489 | €101,496 | €197,814 | €248,079 | €411,636 | ▲ 65.9% |
| Amounts receivable within one year40/41 | - | - | €43,560 | €1,352 | - | - |
| Trade receivables40 | - | - | €43,560 | - | - | - |
| Other amounts receivable41 | - | - | - | €1,352 | - | - |
| Cash at bank and in hand54/58 | €104,283 | €100,196 | €151,480 | €244,073 | €409,067 | ▲ 67.6% |
| Deferred charges and accrued income490/1 | €1,206 | €1,300 | €2,774 | €2,654 | €2,569 | ▼ 3.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €880,534 | €786,844 | €810,697 | €767,985 | €859,421 | ▲ 11.9% |
| Equity10/15 | €871,230 | €777,288 | €778,704 | €738,134 | €815,663 | ▲ 10.5% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Issued capital100 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | €620 | €620 | €620 | €620 | €620 | = |
| Legal reserve130 | €620 | €620 | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | -€613,368 | -€707,310 | -€705,894 | -€746,464 | -€668,935 | ▲ 10.4% |
| Amounts payable17/49 | €9,304 | €9,556 | €31,993 | €29,851 | €43,758 | ▲ 46.6% |
| Amounts payable within one year42/48 | €9,304 | €9,556 | €31,993 | €29,851 | €43,758 | ▲ 46.6% |
| Trade debts44 | - | €868 | €1,272 | €709 | €14 | ▼ 98.0% |
| Suppliers440/4 | - | €868 | €1,272 | €709 | €14 | ▼ 98.0% |
| Taxes, remuneration and social security45 | €9,304 | €8,688 | €30,721 | €29,142 | €43,744 | ▲ 50.1% |
| Taxes450/3 | €3,739 | €2,661 | €23,903 | €23,568 | €38,829 | ▲ 64.8% |
| Remuneration and social security454/9 | €5,565 | €6,027 | €6,818 | €5,574 | €4,915 | ▼ 11.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€44,849 | -€93,942 | €1,416 | -€40,570 | €77,529 | ▲ 291% |
| + Depreciation and write-downs630 | €90,483 | €90,606 | €91,060 | €92,977 | €77,541 | ▼ 16.6% |
| Operating cash flow (approximation) | €45,634 | -€3,336 | €92,476 | €52,407 | €155,070 | ▲ 196% |
| Investment in fixed assets (approximation) | - | -€909 | -€18,595 | €0 | -€5,420 | - |
| Change in cash | - | -€4,087 | €51,284 | €92,593 | €164,994 | ▲ 78.2% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €77,529
Net result €77,529 after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Back to profitnet €1,416
Net result €1,416 after 4 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Weakest financial yearnet -€93,942
Net result drops to -€93,942, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Liquidity times 5current ratio 11.34
Current ratio from 2.47 to 11.34; short-term debt falls from €34,831 to €9,304.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 9 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
31-12
Financial
Liquidity times 51current ratio 10.52
Current ratio from 0.20 to 10.52; short-term debt falls from €41,677 to €3,171.
Show earlier events
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 8 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Mons · 1 establishment unit since 1984
Ground area
1.1 ha
Building footprint
5,263 m²
Volume, LiDAR
27,147 m³
2 parcels, Wallonia · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue Montavaux 155, 7080 Frameries
since 19842.024.258.653
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53028A0282/00E003 | Wallonia | 7,354 m² | 1 · 5,065 m² | 6.3 m · 2 fl. |
| 53042B0175/00S000 | Wallonia | 3,379 m² | 1 · 197 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 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 82,641 companies in sector 70200 we hold annual accounts for 52,623. 30,043 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
Founded31-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425530684
Also
9925:BE0425530684
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.