Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LABORATORIA QUALIPHAR from Bornem, company number BE0403086468, closed financial year 2025 with a result of € 122,806 after tax. For that financial year LABORATORIA QUALIPHAR recorded revenue of € 44.9 million and equity of € 25.6 million. Compared with financial year 2024, the result moved from € 2 million to € 122,806. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 25.6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 122,806
▼ 94% vs 2024
Profit after tax over the fiscal year.
€ 3.8 million
▲ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 25 million.
People and assets in 2025
186.1
▼ 8.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 15.1 million
▼ 9% vs 2024
€ 81,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.6 million
▼ 11% vs 2024
Of which on lease € 2.4 million.
Debts at end 2025
€ 13.1 million
▲ 17% vs 2024
€ 1.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 5.2 million
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 76 days on average.
€ 2.7 million
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 45,689,852 | € 55,879,053 | € 51,511,710 | € 44,917,563 | ▼ 13% |
| Profit after taxes | € 15,933,323 | € 2,360,685 | € 1,997,495 | € 122,806 | ▼ 94% |
| Equity | € 21,083,320 | € 23,444,005 | € 25,441,500 | € 25,564,306 | |
| Total debts | € 26,961,599 | € 25,891,743 | € 25,713,572 | € 24,918,723 | ▼ 3% |
| Cash | € 396,689 | € 2,739,342 | € 2,414,928 | € 3,834,280 | ▲ 59% |
| Land & buildings | € 3,208,712 | € 2,937,679 | € 2,681,301 | € 2,429,606 | ▼ 9% |
| Retained profit | € 20,524,329 | € 22,885,014 | € 24,882,509 | € 25,005,315 | |
| Bank debt | € 12,635,255 | € 11,498,610 | € 11,252,387 | € 13,138,180 | ▲ 17% |
| Balance sheet total | € 48,706,885 | € 49,890,867 | € 51,612,931 | € 50,795,023 | ▼ 2% |
| Employees (FTE) | 169.6 | 193.1 | 194.8 | 186.1 | ▼ 8.7 |
Key figures of LABORATORIA QUALIPHAR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to LABORATORIA QUALIPHAR?
What happened at LABORATORIA QUALIPHAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Karl Verlinden stepped down as director. NBB
- ESPEJO BV stepped down as director. NBB
- BAPTISTE BV stepped down as director. NBB
- Jan-Karl Verlinden stepped down as director. NBB
- Paulien Verlinden stepped down as director. NBB
- PETER HEERWEGH BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 122,806 (▼ 94% vs 2024). Source: NBB ↗
- ESPEJO BV became a director. NBB
In short
From € 15.9 million profit in 2022 to € 122,806 profit in 2025.
Paid € 4.7 million in corporate taxes since 2022.
Best year ever: 2022, with € 15.9 million profit.
Pays suppliers within 76 days on average.
Management
The stake of MusQteers comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LABORATORIA QUALIPHARThe shares are held by MusQteers (99.9%).
Directors
According to the 2025 annual accounts
Karl Verlinden
Managing director
Also active at: Liantis sociaal secretariaat, Liantis group, Liantis sociaal verzekeringsfonds, LIANTIS EXTERNE DIENST VOOR PREVENTIE EN BESCHERMING, SYNTRA PROVINCIES ANTWERPEN EN VLAAMS - BRABANT, Liantis risk solutions, Liantis corporate, Liantis afwezigheidscontrole +7 more
since 2023 · until 2029
Director · represented by Filip De Spiegeleire
Also active at: Leopold Van de Casserie, CULINOR, PANISTAR, Culinor Food Group, LOGIVEST, PRESTIGE BREAKFAST
since 2023 · until 2029
Director · represented by Frédéric Boone
since 2023 · until 2029
Jan-Karl Verlinden
Director
since 2023 · until 2029
Paulien Verlinden
Director
since 2023 · until 2029
Director · represented by Peter Heerwegh
since 2023 · until 2029
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rijksweg(BOR) 9
2880 Bornem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.086.468
- VAT number
- BE 0403.086.468
- Registered office
- Rijksweg(BOR) 9, 2880 Bornem
- Names & denominations
- LABORATORIA QUALIPHAR · QUALIPHAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 March 1958
- Peppol
- Active · Active since 22 May 2025
- Contact
- [email protected]
- Activities · NACE
Vervaardiging van overige farmaceutische producten
Vervaardiging van overige farmaceutische preparaten
Vervaardiging van geneesmiddelen
Groothandel in farmaceutische en medische artikelen
Groothandel in farmaceutische producten