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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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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 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GANDAFAR from Izegem, company number BE0434323141, closed financial year 2025 with a result of € -42,313 after tax. For that financial year GANDAFAR recorded a gross margin of € 253,436 and equity of € -649,097. Compared with financial year 2024, the result moved from € -48,210 to € -42,313. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 12, 2026.
€ -649,097
▼ € 42,313 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -42,313
▲ 12 % less loss than in 2024
Profit after tax over the fiscal year.
€ 7,941
▲ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -899,097.
People and assets in 2025
2.2
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 145,593
▲ 21% vs 2024
€ 66,200 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.
€ 6,158
▼ 29% 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.
€ 89,323
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,300
▲ 33% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 73,074 | € 5,395 | € 230,795 | € 253,436 | ▲ 10% |
| Profit after taxes | € -56,123 | € -118,010 | € -48,210 | € -42,313 | ▲ € 5,897 |
| Equity | € -440,565 | € -558,575 | € -606,785 | € -649,097 | ▼ € 42,313 |
| Total debts | € 941,840 | € 1,016,628 | € 1,536,530 | € 1,506,176 | ▼ 2% |
| Cash | - | - | € 6,379 | € 7,941 | ▲ 24% |
| Land & buildings | € 334,207 | € 322,640 | € 330,071 | € 330,045 | |
| Retained profit | € -690,565 | € -808,575 | € -856,785 | € -899,097 | ▼ € 42,313 |
| Balance sheet total | € 501,275 | € 458,053 | € 929,745 | € 857,078 | ▼ 8% |
| Employees (FTE) | 1 | 0.9 | 2 | 2.2 | ▲ 0.2 |
Key figures of GANDAFAR, 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 GANDAFAR?
What happened at GANDAFAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New establishment in Boussu. KBO
- New annual accounts for financial year 2025: loss of € 42,313. Source: NBB ↗
- Alexo BV became a director. NBB
- Sodiap BV became a director. NBB
- New establishment in Boussu. KBO
- Start of the company according to the CBE. KBO
In short
From € 56,123 loss in 2022 to € 42,313 loss in 2025.
Paid € 700 in corporate taxes since 2022.
On average € 115,200 of value added per employee in 2025.
Management
The stake of SODIAP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GANDAFARBehind GANDAFAR are Sodiap BV and Alexo BV. The shares are held by SODIAP (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Tom Goderis
Also active at: SDC, HC Pharma, APOTHEEK JENNE, Apotheek de Lisseweg, Apotheek Seurinck, APOTHEEK SCARPHOUT, C.E. FARMA, SANIFAR +24 more
since 2020
Chairman of the board · represented by Olivier Delaere
Also active at: SDC, HC Pharma, SODIAP, APOTHEEK JENNE, PANNOC CHEMIE, Apotheek de Lisseweg, Apotheek Seurinck, APOTHEEK SCARPHOUT +34 more
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Noordkaai 9
8870 Izegem
Rue de Dour(B-B) 549
7300 Boussu
Active since 24 June 1988
Rue Saint Antoine(B) 2
7300 Boussu
Active since 7 July 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0434.323.141
- VAT number
- BE 0434.323.141
- Registered office
- Noordkaai 9, 8870 Izegem
- Names & denominations
- GANDAFAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 1988
- Peppol
- Active · Active since 6 Jun 2025
- Activities · NACE
Apothekers
Detailhandel in farmaceutische producten
Detailhandel in drogisterijartikelen en onderhoudsproducten
Gespecialiseerde detailhandel in drogisterijartikelen en onderhoudsproducten
Detailhandel in drogisterijartikelen en onderhoudsproducten in gespecialiseerde winkels