VALOPHAR
ActiveVALOPHAR has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €263k and a net result of €31k. Equity is growing by ~40.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-2
Solvency51▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.64 in 2024; short-term debt: 23.7% and cash: 9.5% of total assets), but 74.2% 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
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
25.8%
Return on assets
3%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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
31 d late
2024
29 d late
2023
61 d late
2022
29 d late
2021
30 d late
2020
31 d late
2019
27 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
23-09-2026 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
€31k▼ 43.8%
2024 · €55k
2018: €-13k
2019: €-26k
2020: €36k
2021: €69k
2022: €50k
2023: €44k
2024: €55k
2018 → 2025
Working capital
€164k▲ 12.3%
2024 · €147k
2018: €-324k
2019: €-65k
2020: €-32k
2021: €43k
2022: €88k
2023: €106k
2024: €147k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€84k-€143k▲ 71.2%€180k▲ 25.7%€234k▲ 29.6%€263k▲ 12.5%
Operating result€99k-€91k▼ 8.4%€84k▼ 7.0%€95k▲ 12.4%€61k▼ 35.4%
Net result€69k-€50k▼ 27.0%€44k▼ 11.3%€55k▲ 23.6%€31k▼ 43.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€613k▼ 6.7%
Current assets
€406k▲ 7.7%
Equity and liabilities €1.02M
Equity
€263k▲ 12.5%
Debt
€756k▼ 5.5%
The debt ratio falls from 77.4% to 74.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€111k▼
2024 · €143k
Cash flow
€81k▼
2024 · €104k
Solvency
25.8%▲
2024 · 22.6%
Current ratio
1.68▲
2024 · 1.64
Quick ratio
0.98▲
2024 · 0.96
Debt / equity
2.88▼
2024 · 3.43
ROE
11.7%▼
2024 · 23.5%
ROA
3.0%▼
2024 · 5.3%
Interest coverage
6.61▼
2024 · 8.16
Debt
€756k▼
2024 · €800k
Debt ≤ 1 year
€242k▲
2024 · €231k
Debt > 1 year
€514k▼
2024 · €570k
Income taxes
€14k▼
2024 · €22k
Staff costs
€93k▲
2024 · €83k
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€1.03M€1.02M▼
Fixed assets21/28€657k€613k▼
Tangible fixed assets22/27€657k€613k▼
Land and buildings22€526k€502k▼
Plant, machinery and equipment23€106k€93k▼
Furniture and vehicles24€25k€18k▼
Current assets29/58€377k€406k▲
Stocks and contracts in progress3€157k€169k▲
Stocks30/36€157k€169k▲
Amounts receivable within one year40/41€110k€137k▲
Trade receivables40€68k€82k▲
Other amounts receivable41€42k€54k▲
Cash at bank and in hand54/58€107k€97k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.02M▼
Equity10/15€234k€263k▲
Contributions10/11€30k€30k=
Outside capital11€30k€30k=
Other1109/19€30k€30k=
Reserves13€202k€232k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€199k€229k▲
Profit (loss) carried forward14€2k€1k▼
Amounts payable17/49€800k€756k▼
Amounts payable after more than one year17€570k€514k▼
Financial debts170/4€570k€514k▼
Amounts payable within one year42/48€231k€242k▲
Current portion of amounts payable after more than one year42€61k€55k▼
Trade debts44€144k€157k▲
Suppliers440/4€144k€157k▲
Taxes, remuneration and social security45€24k€28k▲
Taxes450/3€5k€8k▲
Remuneration and social security454/9€19k€20k▲
Other amounts payable47/48€2k€2k=
Income statement
Code20242025
Remuneration, social security and pensions62€83k€93k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€50k▲
Other operating charges640/8€1€1▲
Gross operating margin9900€227k€205k▼
Operating profit (loss)9901€95k€61k▼
Financial charges65/66B€18k€17k▼
Recurring financial charges65€18k€17k▼
Profit (loss) for the period before taxes9903€77k€44k▼
Income taxes67/77€22k€14k▼
Profit (loss) for the period9904€55k€31k▼
Profit (loss) for the period to be appropriated9905€55k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€33k▼
Profit (loss) brought forward from the previous period14P€3k€2k▼
Transfer to equity691/2€54k€30k▼
To other reserves6921€54k€30k▼
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
Social balance
Average headcount (FTE)90870.91.4▲
The notes to these accounts (10 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Equity above €200kEq €234k ▲29.6%
5 profitable years in a row build equity to €234k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Equity above €150kEq €180k ▲25.7%
4 profitable years in a row build equity to €180k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Equity above €100kEq €143k ▲71.2%
3 profitable years in a row build equity to €143k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €69k ▲90.8%
Operating result €99k, net result €69k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €36k
Net result €36k after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gembloux · 2 establishment units since 2013
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 la Croix-Rouge, Bos. 205032 GemblouxGround area
2,031 m²
Building footprint
178 m²
Volume, LiDAR
726 m³
2 parcels, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Valophar sprl
since 20132.214.997.473
Pharmacie Brodéoux
since 20192.311.909.975
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92011C0230/00A003 | Wallonia | 1,030 m² | 1 · 58 m² | - |
| 92019C0274/00R000 | Wallonia | 1,001 m² | 1 · 120 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
BLRCE
BE 0734.605.150
Lessines · Eq €263k
Guerder Gentelet Robin
BE 0727.493.664
Elsene · Eq €263k
PHARMADRIES
BE 0894.114.425
Watermaal-Bosvoorde · Eq €263k
PHARMACIE BERG
BE 0457.863.853
Habay · Eq €263k
PHARMACIE PASTEUR
BE 0421.805.290
Liège · Eq €262k
Of 5,220 companies in sector 47730 we hold annual accounts for 3,861. 3,527 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2012
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:valophar@gmail.com
Phone:081/633997