PHARMEDIC
The computed 12-month bankruptcy probability of PHARMEDIC is 2.6% (moderate). The 2025 annual accounts show equity of €130k and a net result of €54k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 15% of 1839 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €130k |
| Net result | €54k |
| Staff (FTE) | 0.9 |
| Better than sector | 15% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 10.1% | 45.5% | |
| Net result | €54k | €12k | |
| Equity | €130k | €77k | |
| Gross operating margin | €224k | €48k | |
| Staff costs | €34k | €43k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €188k | €131k | €106k | €34k | €33k |
| Net profit | €54k | €19k | €2k | €10k | €4k |
| Cash flow | €133k | €93k | €87k | €33k | €31k |
| Staff costs | €34k | €29k | €73k | €82k | €71k |
| Income taxes | €13k | €2k | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €1.28M | €1.29M | €1.30M | €183k | €151k |
| Equity | €130k | €76k | €57k | €55k | €45k |
| Debt | €1.15M | €1.21M | €1.24M | €128k | €106k |
| of which ≤ 1y | €352k | €341k | €331k | €126k | €82k |
| of which > 1y | €803k | €872k | €907k | €2k | €24k |
| Working capital | €5k | €-21k | €-12k | €33k | €22k |
| Employees (FTE) | 0.9 | 0.5 | 2.0 | 3.1 | 2.9 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.01 | 0.94 | 0.96 | 1.26 | 1.27 |
| Quick ratio | 0.42 | 0.46 | 0.52 | 0.72 | 0.84 |
| Working capital ratio | 0.4% | -1.7% | -0.9% | 18.2% | 14.6% |
| Solvency | 10.1% | 5.9% | 4.4% | 30.1% | 29.7% |
| Debt / equity | 8.89 | 16.05 | 21.80 | 2.32 | 2.36 |
| Long-term debt ratio | 6.18 | 11.54 | 15.97 | 0.03 | 0.53 |
| Interest coverage | 4.50 | 3.60 | 5.59 | 32.56 | 23.79 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 4.2% | 1.5% | 0.1% | 5.6% | 2.9% |
| ROE | 41.8% | 24.8% | 2.8% | 18.6% | 9.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.28M | €1.29M | €1.30M | €183k | €151k |
| Fixed assets | 21/28 | €928k | €969k | €976k | €24k | €47k |
| Intangible fixed assets | 21 | €143k | €163k | €182k | €1k | €3k |
| Tangible fixed assets | 22/27 | €784k | €807k | €794k | €22k | €43k |
| Current assets | 29/58 | €357k | €320k | €319k | €159k | €104k |
| Stocks & contracts in progress | 3 | €210k | €163k | €146k | €68k | €35k |
| Amounts receivable within one year | 40/41 | €87k | €54k | €51k | €85k | €60k |
| Cash & bank | 54/58 | €57k | €100k | €117k | €3k | €9k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.28M | €1.29M | €1.30M | €183k | €151k |
| Equity | 10/15 | €130k | €76k | €57k | €55k | €45k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €81k | €27k | €8k | €8k | €8k |
| Accumulated profits (losses) | 14 | €30k | €30k | €30k | €28k | €18k |
| Amounts payable | 17/49 | €1.15M | €1.21M | €1.24M | €128k | €106k |
| Amounts payable after one year | 17 | €803k | €872k | €907k | €2k | €24k |
| Amounts payable within one year | 42/48 | €352k | €341k | €331k | €126k | €82k |
| Trade debts payable within one year | 44 | €48k | €21k | €51k | €65k | €33k |
| Income statement | ||||||
| Gross operating margin | 9900 | €224k | €162k | €180k | €116k | €104k |
| Operating result | 9901 | €109k | €57k | €20k | €11k | €6k |
| Financial income | 75 | €81 | - | €581 | - | €1 |
| Financial charges | 65 | €42k | €36k | €19k | €1k | €1k |
| Result before taxes | 9903 | €68k | €21k | €2k | €10k | €4k |
| Income taxes | 67/77 | €13k | €2k | - | - | - |
| Net result for the period | 9904 | €54k | €19k | €2k | €10k | €4k |
| Result to be appropriated | 9905 | €54k | €19k | €2k | €10k | €4k |
| NACE primary | Forging of metal(25401) |
| Legal form | Private limited company(610) |
| Incorporation | 11-12-2018 |
| Status | Active |
| Postal code | 5336 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92088B0140/00T000 | Wallonia | 9,474 m² | 1 · 216 m² | - |
| 92063B0076/00H000 | Wallonia | 2,369 m² | 1 · 146 m² | - |
| 92028A0513/00H005 | Wallonia | 1,240 m² | 1 · 193 m² | - |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
19-07-2023 Registered office moved to Courrière
- 5336 Courrière, Rue du Fays, numéro 1
Technical details
{
"events": [
{
"kind": "zetel_clause_amendment_no_move",
"seat_type": "siege_social",
"new_address": null,
"old_address": {
"raw": "5380 Hemptinne (Fernelmont), Rue des Cortys, 12",
"city": "Hemptinne",
"region": "waals_gewest",
"street": "Rue des Cortys",
"country": "BE",
"postcode": "5380",
"box_number": null,
"street_number": "12",
"locality_suffix": "(Fernelmont)"
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": "La soci\u00E9t\u00E9 rev\u00EAt la forme d\u0027une soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e.\nElle est d\u00E9nomm\u00E9e PHARMEDIC.\nElle peut \u00E9galement utiliser les appellations commerciales suivantes :\n \u2022 STEEL \u0026 MORE ;\n \u2022 PHARMACOURRIERE.",
"statute_article_number": 1,
"effective_date_qualifier": "not_specified",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
},
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "5336 Courri\u00E8re,\nRue du Fays, num\u00E9ro 1",
"city": "Courri\u00E8re",
"region": "waals_gewest",
"street": "Rue du Fays",
"country": "BE",
"postcode": "5336",
"box_number": null,
"street_number": "1",
"locality_suffix": null
},
"old_address": null,
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "not_specified",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "David REMY",
"firm_city": null,
"firm_name": null,
"office_city": "Fernelmont",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-07-19",
"filing_date": "2023-07-15",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-06-28",
"unanimous": true
},
"subject_company": {
"kbo": "0715.682.133",
"name_full": "STEEL \u0026 MORE",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "David REMY",
"org_rep_person_name": null,
"person_role_at_subject": "Notaire"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad - 19/07/2023 - Annexes du Moniteur belge"
]
}| Legal nameFR | PHARMEDIC |
| Trade nameFR | STEEL & MORE / PHARMACOURRIERE |