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 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
APOTHEEK M GRILLET-LOUWAEGE from Kortemark, company number BE0427571446, closed financial year 2025 with a result of € 52,911 after tax. For that financial year APOTHEEK M GRILLET-LOUWAEGE recorded a gross margin of € 115,304 and equity of € 431,484. Compared with financial year 2024, the result moved from € 38,577 to € 52,911. Profitable, and profit is growing. 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 29, 2026.
€ 431,484
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 52,911
▲ 37% vs 2024
Profit after tax over the fiscal year.
€ 60,995
▲ 281% 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 € 412,884.
People and assets in 2025
€ 1,954
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 65,298
▼ 45% vs 2024
€ 54,559 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 62,491
Supplier invoices still open on the last day of the fiscal year.
€ 2,085
▲ 83% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 90,059 | € 116,815 | € 91,191 | € 115,304 | ▲ 26% |
| Profit after taxes | € 33,836 | € 56,254 | € 38,577 | € 52,911 | ▲ 37% |
| Equity | € 283,741 | € 339,995 | € 378,573 | € 431,484 | ▲ 14% |
| Total debts | € 298,781 | € 296,132 | € 245,572 | € 189,904 | ▼ 23% |
| Cash | € 29,189 | € 27,926 | € 15,993 | € 60,995 | ▲ 281% |
| Land & buildings | € 250,548 | € 294,227 | € 280,255 | € 266,283 | ▼ 5% |
| Retained profit | € 265,141 | € 321,395 | € 359,973 | € 412,884 | ▲ 15% |
| Bank debt | € 161,193 | € 171,139 | € 118,755 | € 65,298 | ▼ 45% |
| Balance sheet total | € 582,522 | € 636,127 | € 624,145 | € 621,387 |
Key figures of APOTHEEK M GRILLET-LOUWAEGE, 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 APOTHEEK M GRILLET-LOUWAEGE?
What happened at APOTHEEK M GRILLET-LOUWAEGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 52,911 (▲ 37% vs 2024). Source: NBB ↗
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,836 profit in 2022 to € 52,911 profit in 2025.
Paid € 67,683 in corporate taxes since 2022.
Best year ever: 2023, with € 56,254 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of GRILLET-LOUWAEGE FINANCE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
APOTHEEK M GRILLET-LOUWAEGEBehind APOTHEEK M GRILLET-LOUWAEGE is Martine Grillet. The shares are held by GRILLET-LOUWAEGE FINANCE (100%).
Directors
According to the 2025 annual accounts
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nieuwstraat 20
8610 Kortemark
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
- 0427.571.446
- VAT number
- BE 0427.571.446
- Registered office
- Nieuwstraat 20, 8610 Kortemark
- Names & denominations
- APOTHEEK M GRILLET-LOUWAEGE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 July 1985
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
Detailhandel in farmaceutische producten
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