PHARDUP
ActivePHARDUP has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185k and a net result of €3k. Equity is growing by ~39.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 4126 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
61
/ 100
Healthy▼ -20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-91
Solvency54▼-2
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.47 against 3.84 in 2024), but 77.3% 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 2025Solvency, return and age of the figures
Solvency
22.7%
Return on assets
0.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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
7 d late
2024
29 d late
2023
28 d late
2022
30 d late
2021
29 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▼ 95.6%
2024 · €74k
2018: €27k
2019: €66k
2020: €72k
2021: €45k
2022: €41k
2023: €-18k
2024: €74k
2018 → 2025
Working capital
€576k▲ 1.6%
2024 · €567k
2018: €380k
2019: €501k
2020: €553k
2021: €453k
2022: €504k
2023: €493k
2024: €567k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€86k-€126k▲ 47.5%€109k▼ 14.1%€182k▲ 67.7%€185k▲ 1.8%
Operating result€81k-€82k▲ 1.5%€-10k€116k€18k▼ 84.4%
Net result€45k-€41k▼ 9.9%€-18k€74k€3k▼ 95.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 84% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €818k
Fixed assets
€9k▼ 39.1%
Current assets
€809k▲ 5.5%
Equity and liabilities €818k
Equity
€185k▲ 1.8%
Debt
€632k▲ 5.6%
The debt ratio rises from 76.7% to 77.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€23k▼
2024 · €121k
Cash flow
€8k▼
2024 · €79k
Solvency
22.7%▼
2024 · 23.3%
Current ratio
3.47▼
2024 · 3.84
Quick ratio
2.63▲
2024 · 2.57
Debt / equity
3.41▲
2024 · 3.29
ROE
1.8%▼
2024 · 40.4%
ROA
0.4%▼
2024 · 9.4%
Interest coverage
2.17▼
2024 · 12.35
Debt
€632k▲
2024 · €599k
Debt ≤ 1 year
€233k▲
2024 · €199k
Debt > 1 year
€367k=
2024 · €367k
Income taxes
€4k▼
2024 · €32k
Staff costs
€244k▼
2024 · €261k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€781k€818k▲
Fixed assets21/28€15k€9k▼
Tangible fixed assets22/27€14k€9k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€5k€3k▼
Financial fixed assets28€779€129▼
Current assets29/58€766k€809k▲
Stocks and contracts in progress3€255k€197k▼
Stocks30/36€255k€197k▼
Amounts receivable within one year40/41€460k€524k▲
Trade receivables40€213k€241k▲
Other amounts receivable41€247k€282k▲
Cash at bank and in hand54/58€48k€86k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€781k€818k▲
Equity10/15€182k€185k▲
Contributions10/11€62k€62k=
Outside capital11€62k€62k=
Other1109/19€62k€62k=
Reserves13€120k€123k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€117k€120k▲
Amounts payable17/49€599k€632k▲
Amounts payable after more than one year17€367k€367k=
Financial debts170/4€367k€367k=
Amounts payable within one year42/48€199k€233k▲
Current portion of amounts payable after more than one year42€4k€4k▼
Trade debts44€151k€193k▲
Suppliers440/4€151k€193k▲
Taxes, remuneration and social security45€41k€32k▼
Taxes450/3€7k€7k▼
Remuneration and social security454/9€33k€25k▼
Other amounts payable47/48€3k€3k=
Accrued charges and deferred income492/3€32k€32k=
Income statement
Code20242025
Remuneration, social security and pensions62€261k€244k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€4k€2k▼
Non-recurring operating charges66A€83-
Gross operating margin9900€387k€269k▼
Operating profit (loss)9901€116k€18k▼
Financial income75/76B€236€248▲
Recurring financial income75€236€248▲
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€106k€8k▼
Income taxes67/77€32k€4k▼
Profit (loss) for the period9904€74k€3k▼
Profit (loss) for the period to be appropriated9905€74k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€56k€3k▼
Profit (loss) brought forward from the previous period14P€-18k-
Transfer to equity691/2€56k€3k▼
To other reserves6921€56k€3k▼
Social balance
Average headcount (FTE)90874.34.0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 7 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
31-12
Financial
Equity above €150kEq €182k ▲67.7%
Equity rises from €109k to €182k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-18k ▼144%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Equity above €100kEq €126k ▲47.5%
5 profitable years in a row build equity to €126k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 86 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
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.
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, Etterbeek · 1 establishment unit since 1989
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.
Legerlaan 1381040 EtterbeekGround area
406 m²
Building footprint
225 m²
Volume, LiDAR
2,967 m³
Parcel 21362B0289/00G004, Brussels · tallest building 19.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
PHARMACIE DE L'ESCADRON
since 19892.033.587.875
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0289/00G004 | Brussels | 406 m² | 1 · 225 m² | 18.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PHARMACIE DE LAUZELLE
BE 0466.774.391
Ottignies-Louvain-la-Neuve · Eq €185k
Apotheek Suys
BE 0862.759.669
Laarne · Eq €185k
Pharmacie des Bastions
BE 0452.876.172
Tournai · Eq €185k
APOTEEK DE DECKER
BE 0437.713.785
Lebbeke · Eq €186k
VISA PHARMA
BE 0501.813.959
Chaudfontaine · Eq €185k
Of 5,224 companies in sector 47730 we hold annual accounts for 3,864. 3,584 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-01-1988
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
52310
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.