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 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TORNAPHAR from Tournai, company number BE0448509588, closed financial year 2025 with a result of € 9,903 after tax. For that financial year TORNAPHAR recorded a gross margin of € 973,113 and equity of € 928,880. Compared with financial year 2024, the result moved from € 6,343 to € 9,903. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2026.
€ 928,880
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,903
▲ 56% vs 2024
Profit after tax over the fiscal year.
€ 256,299
▲ 106% 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 € 867,380.
People and assets in 2025
13.2
▲ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 763,850
▲ 15% vs 2024
€ 57,900 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.
€ 42,434
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 710,200
▼ 10% vs 2024
€ 91,339 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 1.3 million
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 155,456
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 570,731 | € 655,162 | € 858,962 | € 973,113 | ▲ 13% |
| Profit after taxes | € 20,314 | € 24,253 | € 6,343 | € 9,903 | ▲ 56% |
| Equity | € 898,382 | € 922,634 | € 918,977 | € 928,880 | ▲ 1% |
| Total debts | € 2,738,894 | € 2,519,312 | € 2,509,872 | € 2,720,107 | ▲ 8% |
| Cash | € 294,444 | € 89,618 | € 124,529 | € 256,299 | ▲ 106% |
| Land & buildings | € 1,038,315 | € 1,018,138 | € 969,822 | € 1,070,157 | ▲ 10% |
| Retained profit | € 836,881 | € 861,134 | € 857,477 | € 867,380 | ▲ 1% |
| Dividend | € 0 | € 0 | € 10,000 | € 0 | ▼ 100% |
| Bank debt | € 964,207 | € 871,216 | € 789,371 | € 710,200 | ▼ 10% |
| Balance sheet total | € 3,747,216 | € 3,545,520 | € 3,526,057 | € 3,739,827 | ▲ 6% |
| Employees (FTE) | 7 | 7.3 | 10 | 13.2 | ▲ 3.2 |
By gross margin, TORNAPHAR ranks 11th of 478 companies with main activity “Detailhandel in farmaceutische producten” in Hainaut that publish figures (fiscal year 2025).
Key figures of TORNAPHAR, 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.
Ask about TORNAPHAR the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to TORNAPHAR?
What happened at TORNAPHAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BLEUSTONE stepped down as director. NBB
- Serge Ransart stepped down as director. NBB
- BEL MANAGEMENT stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9,903 (▲ 56% vs 2024). filed late Source: NBB ↗
- BLEUSTONE became a director. NBB
- Serge Ransart became a director. NBB
- BEL MANAGEMENT became a director. NBB
- New establishment in Estaimpuis. KBO
In short
From € 20,314 profit in 2022 to € 9,903 profit in 2025.
Paid € 66,370 in corporate taxes since 2022.
Best year ever: 2023, with € 24,253 profit.
On average € 73,700 of value added per employee in 2025.
Management
The stake of ANTARES INVEST, LES PHARMACIES RURALES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TORNAPHARThe shares are held by ANTARES INVEST (80%) and LES PHARMACIES RURALES (20%).
Directors
According to the 2025 annual accounts
Director · represented by Paul Ransart
Also active at: COMPAGNIE FINANCIERE ET IMMOBILIERE DE LA DYLE, PHARMACIE de BARRY, PALATINE, LENANS, IMMOLENANS, ANCIAUX, DIGITALE, DELTAPHAR +7 more
since 2024 · until 2030
Serge Ransart
Director
Also active at: COMPAGNIE FINANCIERE ET IMMOBILIERE DE LA DYLE, LENANS, ANCIAUX, LES PHARMACIES RURALES, COMPAGNIE FONCIERE ET FINANCIERE, CAPITOLIUM, ANTARES INVEST
since 2024 · until 2030
Director · represented by Charles Ransart
Also active at: LA COMPAGNIE FINANCIERE ET IMMOBILIERE DU HAUT ESCAUT, IMMOLENANS, ANCIAUX
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Roubaix(TEM) 12
7520 Tournai
Chaussée de Lannoy(FRY) 107
7503 Tournai
Active since 28 January 1993
Rue des Combattants de Kain(K) 6
7540 Tournai
Active since 1 January 2008
Rue de Tournai(TEM) 92
7520 Tournai
Active since 1 January 2003
Rue des Tanneurs(ET) 66
7730 Estaimpuis
Active since 1 April 2008
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.
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Details
- Company number
- 0448.509.588
- VAT number
- BE 0448.509.588
- Registered office
- Rue de Roubaix(TEM) 12, 7520 Tournai
- Names & denominations
- TORNAPHAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 September 1992
- Peppol
- Active · Active since 19 Feb 2026
- Activities · NACE
Detailhandel in farmaceutische producten
Apothekers