Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 11.4 to 7.
Financials
Financial year 2025
MOES from Heers, company number BE0473330504, closed financial year 2025 with a result of € 686,307 after tax. For that financial year MOES recorded a gross margin of € 2.1 million and equity of € 8.2 million. Compared with financial year 2024, the result moved from € 1.3 million to € 686,307. The company is profitable. 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 September 30, 2026.
€ 8.2 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 686,307
▼ 46% vs 2024
Profit after tax over the fiscal year.
€ 1 million
▼ 59% 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 € 7.5 million.
People and assets in 2025
7
▼ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 436,887
▼ 11% vs 2024
€ 62,400 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.
€ 110,039
▼ 15% vs 2024
Of which on lease € 5,822.
Debts at end 2025
€ 7.3 million
▲ 5% vs 2024
€ 889,476 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 202,047
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 158,751
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,862,910 | € 1,943,008 | € 2,079,193 | € 2,081,624 | |
| Profit after taxes | € 583,808 | € 536,929 | € 1,278,449 | € 686,307 | ▼ 46% |
| Equity | € 5,671,029 | € 6,199,276 | € 7,471,283 | € 8,151,148 | ▲ 9% |
| Total debts | € 9,780,647 | € 9,109,504 | € 7,960,910 | € 8,251,350 | ▲ 4% |
| Cash | € 519,493 | € 363,745 | € 2,562,699 | € 1,041,469 | ▼ 59% |
| Land & buildings | € 4,426,269 | € 4,602,788 | € 4,543,382 | € 6,033,791 | ▲ 33% |
| Retained profit | € 5,041,312 | € 5,578,241 | € 6,856,689 | € 7,542,997 | ▲ 10% |
| Bank debt | € 8,694,051 | € 7,803,511 | € 6,949,727 | € 7,307,798 | ▲ 5% |
| Balance sheet total | € 15,451,677 | € 15,308,780 | € 15,445,939 | € 16,415,777 | ▲ 6% |
| Employees (FTE) | 15.5 | 11.4 | 9.5 | 7 | ▼ 2.5 |
Key figures of MOES, 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 MOES?
What happened at MOES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corinne BLISTIN stepped down as director. NBB
- Francis MOES stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 686,307 (▼ 46% vs 2024). filed late Source: NBB ↗
- Corinne BLISTIN became a director. NBB
- Francis MOES became a director. NBB
- New establishment in Heers. KBO
- New establishment in Oupeye. KBO
- Start of the company according to the CBE. KBO
In short
From € 583,808 profit in 2022 to € 686,307 profit in 2025.
Paid € 820,827 in corporate taxes since 2022.
Best year ever: 2024, with € 1.3 million profit.
On average € 297,400 of value added per employee in 2025.
Management
It owns 100% of Pharmayou WANZE, 100% of Pharmayou Glons, 99% of Pharmayou Waremme Saint Eloi and 10% of Arthiro itself.
Directors
According to the 2025 annual accounts
Corinne BLISTIN
Managing director
Also active at: PHARMAYOU GLONS, Pharmacie d'Oupeye - Bernard, PHARMAYOU WANZE, PHARMAYOU WAREMME SAINT-ELOI, Pharmayou Tongeren, ARTHIRO, PHARMAYOU WAREMME GARE, DE PAUW H. MANAGEMENT
since 2023 · until 2029
Francis MOES
Managing director
Also active at: MAC, PHARMAYOU WANZE, PHARMAYOU WAREMME SAINT-ELOI, Pharmayou Tongeren, ARTHIRO, PHARMAYOU WAREMME GARE, DE PAUW H. MANAGEMENT
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Opheersstraat(Oph.) 111
3870 Heers
Avenue Reine Fabiola 60
4684 Oupeye
Active since 13 December 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0473.330.504
- VAT number
- BE 0473.330.504
- Registered office
- Opheersstraat(Oph.) 111, 3870 Heers
- Names & denominations
- MOES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 November 2000
- Peppol
- Active · Active since 19 Sept 2025
- Activities · NACE
Detailhandel in farmaceutische producten
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