VISA PHARMA
ActiveVISA PHARMA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185k and a net result of €123k. Equity is growing by ~43.7% per year across the filed fiscal years. Its solvency ranks better than 42% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
91
/ 100
Excellent▲ +20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency64▲+33
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.39 in 2024), but 69.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
30.1%
Return on assets
20%
Age of the figures
8 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 26-08-2026, 26 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
26 d late
2024
29 d late
2023
29 d late
2022
72 d late
2021
23 d late
2020
31 d late
2019
69 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€123k▲ 1.2%
2024 · €122k
2018: €-44k
2019: €20k
2020: €-12k
2021: €61k
2022: €92k
2023: €106k
2024: €122k
2018 → 2025
Working capital
€241k▲ 34.7%
2024 · €179k
2018: €-36k
2019: €-1k
2020: €-4k
2021: €76k
2022: €124k
2023: €117k
2024: €179k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-146k-€-55k▲ 62.7%€52k€124k▲ 139%€185k▲ 49.6%
Operating result€64k-€97k▲ 51.2%€120k▲ 23.2%€161k▲ 34.0%€171k▲ 6.4%
Net result€61k-€92k▲ 50.9%€106k▲ 16.1%€122k▲ 14.5%€123k▲ 1.2%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 6% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €615k
Fixed assets
€53k▼ 18.9%
Current assets
€563k▼ 11.4%
Equity and liabilities €615k
Equity
€185k▲ 49.6%
Debt
€430k▼ 25.3%
The debt ratio falls from 82.3% to 69.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€195k▲
2024 · €185k
Cash flow
€148k▲
2024 · €147k
Solvency
30.1%▲
2024 · 17.7%
Current ratio
1.75▲
2024 · 1.39
Quick ratio
1.05▲
2024 · 0.95
Debt / equity
2.33▼
2024 · 4.66
ROE
66.7%▼
2024 · 98.5%
ROA
20.0%▲
2024 · 17.4%
Interest coverage
11.26▼
2024 · 21.25
Debt
€430k▼
2024 · €576k
Debt ≤ 1 year
€322k▼
2024 · €456k
Debt > 1 year
€107k▼
2024 · €120k
Income taxes
€31k▼
2024 · €34k
Staff costs
€208k▼
2024 · €212k
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€700k€615k▼
Formation expenses20€0-
Fixed assets21/28€65k€53k▼
Intangible fixed assets21€20k€10k▼
Tangible fixed assets22/27€45k€42k▼
Plant, machinery and equipment23€4k€15k▲
Furniture and vehicles24€7k€4k▼
Other tangible fixed assets26€34k€24k▼
Financial fixed assets28€50€50=
Current assets29/58€635k€563k▼
Stocks and contracts in progress3€202k€226k▲
Stocks30/36€202k€226k▲
Amounts receivable within one year40/41€356k€203k▼
Trade receivables40€78k€88k▲
Other amounts receivable41€278k€116k▼
Cash at bank and in hand54/58€77k€133k▲
Deferred charges and accrued income490/1€992€1k▲
Equity and liabilities
Total equity and liabilities10/49€700k€615k▼
Equity10/15€124k€185k▲
Contributions10/11€60k€60k=
Reserves13€64k€125k▲
Distributable reserves133€64k€125k▲
Profit (loss) carried forward14€212€0▼
Amounts payable17/49€576k€430k▼
Amounts payable after more than one year17€120k€107k▼
Financial debts170/4€120k€107k▼
Amounts payable within one year42/48€456k€322k▼
Current portion of amounts payable after more than one year42€32k€32k▼
Financial debts43€100k€8k▼
Credit institutions430/8€100k€8k▼
Trade debts44€191k€191k▲
Suppliers440/4€191k€191k▲
Taxes, remuneration and social security45€37k€23k▼
Taxes450/3€8k€2k▼
Remuneration and social security454/9€29k€21k▼
Other amounts payable47/48€97k€68k▼
Accrued charges and deferred income492/3-€922
Income statement
Code20242025
Remuneration, social security and pensions62€212k€208k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€24k▼
Other operating charges640/8€180€400▲
Gross operating margin9900€398k€403k▲
Operating profit (loss)9901€161k€171k▲
Financial income75/76B€4k€450▼
Recurring financial income75€4k€450▼
Financial charges65/66B€9k€17k▲
Recurring financial charges65€9k€17k▲
Profit (loss) for the period before taxes9903€156k€154k▼
Income taxes67/77€34k€31k▼
Profit (loss) for the period9904€122k€123k▲
Profit (loss) for the period to be appropriated9905€122k€123k▲
Appropriation of the result
Profit (loss) to be appropriated9906€114k€124k▲
Profit (loss) brought forward from the previous period14P€-8k€212▲
Transfer to equity691/2€64k€62k▼
To other reserves6921€64k€62k▼
Profit to be distributed694/7€50k€62k▲
Return on contributions (dividend)694€50k-
Directors or managers695-€62k
Social balance
Average headcount (FTE)90873.63.2▼
The notes to these accounts (17 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Highest result since 2018net €123k ▲1.2%
Operating result €171k, net result €123k, both a record.
31-12
Financial
Equity above €150kEq €185k ▲49.6%
5 profitable years in a row build equity to €185k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Equity above €100kEq €124k ▲139%
4 profitable years in a row build equity to €124k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 72 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
31-12
Financial
Back to profitnet €61k
Net result €61k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Chaudfontaine · 1 establishment unit 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.
Place de la Bouxhe 104052 ChaudfontaineGround area
477 m²
Building footprint
97 m²
Volume, LiDAR
717 m³
Parcel 62012C0091/00Y000, Wallonia · tallest building 8.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LIVE UP
since 20132.220.290.309
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012C0091/00Y000indicative | Wallonia | 477 m² | 1 · 97 m² | 8.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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
Food safety, FASFC
1 siteLiège2.220.290.309
Similar companies · same sector, comparable size
PHARMACIE LAPERCHE
BE 0476.445.687
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DALUPHAR
BE 0860.093.852
Anderlecht · Eq €185k
PHARDUP
BE 0433.142.810
Etterbeek · Eq €185k
NZOSSHEALTH
BE 0803.966.583
Sint-Lambrechts-Woluwe · Eq €185k
PHARMACIE DE LAUZELLE
BE 0466.774.391
Ottignies-Louvain-la-Neuve · Eq €185k
Of 5,209 companies in sector 47730 we hold annual accounts for 3,851. 3,572 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2012
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 13 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.
Contact details
2 entriesE-mail:sabrine.elsen@gmail.com
Phone:04/233.15.55