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 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Aalst Pharma from Aalst, company number BE0444748067, closed financial year 2025 with a result of € 54,034 after tax. For that financial year Aalst Pharma recorded a gross margin of € 170,570 and equity of € 74,844. Compared with financial year 2024, the result moved from € 45,488 to € 54,034. Profitable, and profit is growing. The buffer shrank hard: equity is 66 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 13, 2026.
€ 74,844
▼ 66% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 54,034
▲ 19% vs 2024
Profit after tax over the fiscal year.
€ 21,736
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 200,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
1.4
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 83,534
▲ 242% vs 2024
€ 59,700 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.
€ 4,085
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 414,142
€ 14,135 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.
€ 70,355
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,013
▲ 145% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 166,649 | € 178,843 | € 73,495 | € 170,570 | ▲ 132% |
| Profit after taxes | € 143,648 | € 155,424 | € 45,488 | € 54,034 | ▲ 19% |
| Equity | € 220,097 | € 220,321 | € 220,810 | € 74,844 | ▼ 66% |
| Total debts | € 272,553 | € 206,203 | € 137,999 | € 705,764 | ▲ € 567,764 |
| Cash | € 254,883 | € 258,136 | € 70,866 | € 21,736 | ▼ 69% |
| Land & buildings | - | - | - | € 288,972 | |
| Retained profit | € 201,505 | € 201,729 | € 202,218 | € 56,252 | ▼ 72% |
| Dividend | € 143,500 | € 155,200 | € 45,000 | € 200,000 | ▲ € 155,000 |
| Bank debt | € 0 | € 0 | € 0 | € 414,142 | |
| Balance sheet total | € 492,650 | € 426,525 | € 358,809 | € 780,607 | ▲ 118% |
| Employees (FTE) | 0.5 | 0.5 | 0.6 | 1.4 | ▲ 0.8 |
Key figures of Aalst Pharma, 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 Aalst Pharma?
What happened at Aalst Pharma in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 54,034 (▲ 19% vs 2024). filed late Source: NBB ↗
- Pg Pharmaceuticals BV became a director. NBB
- Pieter Vermeersch became a director. NBB
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 143,648 profit in 2022 to € 54,034 profit in 2025.
Paid € 4,665 in corporate taxes since 2022.
Best year ever: 2023, with € 155,424 profit.
On average € 121,800 of value added per employee in 2025.
Management
The stake of PHARMAFIN, PG Pharmaceuticals comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Aalst PharmaBehind Aalst Pharma are Pg Pharmaceuticals BV and Pieter Vermeersch. The shares are held by PHARMAFIN (100%) and PG Pharmaceuticals (100%).
Directors
According to the 2025 annual accounts
Director
since 2024
Pieter Vermeersch
Vast vertegenwoordiger rechtspersoon
Also active at: ONE STOP MEDICAL SHOP, PG Pharmaceuticals, PV Invest Pharma
since 2024
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gentse steenweg 49
9300 Aalst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Website info
Features
Security
Network
Details
- Company number
- 0444.748.067
- VAT number
- BE 0444.748.067
- Registered office
- Gentse steenweg 49, 9300 Aalst
- Names & denominations
- Aalst Pharma
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 1991
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- aalstpharma.be
- Activities · NACE
Detailhandel in farmaceutische producten
Apothekers