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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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PALATINE from Etterbeek, company number BE0430811444, closed financial year 2025 with a result of € -60,905 after tax. For that financial year PALATINE recorded a gross margin of € 728,330 and equity of € 487,128. Compared with financial year 2024, the result moved from € -90,665 to € -60,905. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 22, 2026.
€ 487,128
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -60,905
▲ 33 % less loss than in 2024
Profit after tax over the fiscal year.
€ 114,808
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 425,214.
People and assets in 2025
7.4
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 522,087
▲ 3% vs 2024
€ 70,600 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.
€ 19,007
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.5 million
▼ 7% vs 2024
€ 281,857 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 827,116
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 135,865
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 707,913 | € 701,410 | € 685,268 | € 728,330 | ▲ 6% |
| Profit after taxes | € 121,407 | € 43,447 | € -90,665 | € -60,905 | ▲ € 29,760 |
| Equity | € 595,251 | € 638,698 | € 548,033 | € 487,128 | ▼ 11% |
| Total debts | € 2,480,191 | € 6,260,818 | € 6,256,314 | € 6,089,600 | ▼ 3% |
| Cash | € 189,784 | € 101,180 | € 110,847 | € 114,808 | ▲ 4% |
| Land & buildings | € 892,486 | € 842,876 | € 801,079 | € 755,665 | ▼ 6% |
| Retained profit | € 533,337 | € 576,784 | € 486,119 | € 425,214 | ▼ 13% |
| Dividend | € 40,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,013,407 | € 3,617,578 | € 3,791,773 | € 3,511,528 | ▼ 7% |
| Balance sheet total | € 3,075,442 | € 6,899,516 | € 6,804,347 | € 6,576,728 | ▼ 3% |
| Employees (FTE) | 7.2 | 6.2 | 7.1 | 7.4 | ▲ 0.3 |
Key figures of PALATINE, 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 PALATINE?
What happened at PALATINE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PHARMACOACH SRL stepped down as director. NBB
- BLUESTONE SRL stepped down as director. NBB
- CAROLINE DECARPENTRIE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 60,905. filed late Source: NBB ↗
- New establishment in Etterbeek. KBO
- PHARMACOACH SRL became a director. NBB
- BLUESTONE SRL became a director. NBB
- CAROLINE DECARPENTRIE became a director. NBB
In short
From € 121,407 profit in 2022 to € 60,905 loss in 2025.
Paid € 62,745 in corporate taxes since 2022.
Best year ever: 2022, with € 121,407 profit.
On average € 98,400 of value added per employee in 2025.
A new publication or filing at PALATINE? We notify you, reason included.
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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 BLUESTONE, IMMOLENANS, BEL MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PALATINEThe shares are held by BLUESTONE (51.4%), IMMOLENANS (12.2%) and BEL MANAGEMENT (2.3%).
Directors
According to the 2025 annual accounts
Director · represented by RANSART PAUL
Also active at: Europhar, ASKELA, PHARMACIE DES PAGODES
since 2016 · until 2028
Managing director · represented by RANSART PAUL
Also active at: COMPAGNIE FINANCIERE ET IMMOBILIERE DE LA DYLE, PHARMACIE de BARRY, LENANS, IMMOLENANS, ANCIAUX, DIGITALE, DELTAPHAR, Europhar +6 more
since 2016 · until 2028
since 2016 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gérardstraat 150
1040 Etterbeek
Tongerenstraat 25
1040 Etterbeek
Active since 1 January 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0430.811.444
- VAT number
- BE 0430.811.444
- Registered office
- Gérardstraat 150, 1040 Etterbeek
- Names & denominations
- PALATINE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 1987
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Detailhandel in farmaceutische producten
Apothekers