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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
S.A Therabel-Pharma N.V. from Vorst, company number BE0420515586, closed financial year 2025 with a result of € -98,457 after tax. For that financial year S.A Therabel-Pharma N.V. recorded revenue of € 15.7 million and equity of € 4.1 million. Compared with financial year 2024, the result moved from € -4.8 million to € -98,457. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ 4.1 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -98,457
▲ 98 % less loss than in 2024
Profit after tax over the fiscal year.
€ 402,211
▲ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -10.1 million.
People and assets in 2025
28.3
▼ 11.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.6 million
▲ 10% vs 2024
€ 199,100 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.
€ 42,059
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3 million
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 75 days on average.
€ 724,788
▼ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,005,644 | € 16,339,867 | € 16,730,347 | € 15,749,710 | ▼ 6% |
| Profit after taxes | € -2,262,923 | € -2,602,764 | € -4,756,763 | € -98,457 | ▲ € 4.7 million |
| Equity | € 5,496,282 | € 8,993,517 | € 4,236,754 | € 4,138,297 | ▼ 2% |
| Total debts | € 7,770,953 | € 4,371,629 | € 11,846,721 | € 8,711,242 | ▼ 26% |
| Cash | € 953,706 | € 710,445 | € 296,551 | € 402,211 | ▲ 36% |
| Retained profit | € -2,598,718 | € -5,201,483 | € -9,958,246 | € -10,056,703 | ▼ € 98,457 |
| Balance sheet total | € 13,267,234 | € 13,365,146 | € 16,083,475 | € 12,849,539 | ▼ 20% |
| Employees (FTE) | 40.1 | 39.2 | 39.8 | 28.3 | ▼ 11.5 |
Key figures of S.A Therabel-Pharma N.V., 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 S.A Therabel-Pharma N.V.?
What happened at S.A Therabel-Pharma N.V. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Healthcare Expert Consulting SRL stepped down as director. NBB
- Bawip Consultants SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 98,457. Source: NBB ↗
- Healthcare Expert Consulting SRL became a director. NBB
- Bawip Consultants SRL became a director. NBB
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.3 million loss in 2022 to € 98,457 loss in 2025.
Paid € 57,230 in corporate taxes since 2022.
Pays suppliers within 75 days on average.
Management
Directors
According to the 2025 annual accounts
Healthcare Expert Consulting SRL
Managing director · represented by Laurent Kirsch
Also active at: THERABEL IMMO, THERABEL INTERNATIONAL SERVICES
since 2024 · until 2027
Director · represented by Philippe Burtonboy
Also active at: THERABEL IMMO, THERABEL INTERNATIONAL SERVICES
since 2024 · until 2027
Establishments
Establishment units
Physical locations of this company
Humaniteitslaan 292
1190 Vorst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →BIOCODEX Benelux
€ 20 million revenue · 2025
ATAG Heating Belgium
€ 11.5 million revenue · 2025
THERABEL IMMO same network
€ 396,306 revenue · 2025
CARLOS INTERNATIONAL
ALERT MANAGEMENT CONSULTANTS
€ 78,724 gross margin · 2025
+15 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.515.586
- VAT number
- BE 0420.515.586
- Registered office
- Humaniteitslaan 292, 1190 Vorst
- Names & denominations
- S.A Therabel-Pharma N.V.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 April 1980
- Peppol
- Active · Active since 23 Jan 2026
- Activities · NACE
Groothandel in farmaceutische en medische artikelen
Groothandel in farmaceutische producten
Detailhandel in medische en orthopedische artikelen, muv corrigerende brillen, lenzen en zonnebrillen
Detailhandel in medische en orthopedische artikelen
Detailhandel in medische en orthopedische artikelen in gespecialiseerde winkels