Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PHAR WEST from De Panne, company number BE0627814187, closed financial year 2025 with a result of € 123,340 after tax. For that financial year PHAR WEST recorded a gross margin of € 220,643 and equity of € 903,535. Compared with financial year 2024, the result moved from € 117,575 to € 123,340. Profitable, and profit is growing. 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 July 9, 2026.
€ 903,535
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 123,340
▲ 5% vs 2024
Profit after tax over the fiscal year.
€ 80,305
▲ 145% 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 € 753,535.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 535,264
▼ 14% vs 2024
€ 86,212 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 1,128
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,221
▲ 26% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 172,933 | € 203,459 | € 210,520 | € 220,643 | ▲ 5% |
| Profit after taxes | € 90,489 | € 112,680 | € 117,575 | € 123,340 | ▲ 5% |
| Equity | € 549,940 | € 662,620 | € 780,195 | € 903,535 | ▲ 16% |
| Total debts | € 1,026,420 | € 949,589 | € 855,499 | € 768,803 | ▼ 10% |
| Cash | € 71,588 | € 146,272 | € 32,825 | € 80,305 | ▲ 145% |
| Land & buildings | € 492,305 | € 456,664 | € 422,448 | € 388,504 | ▼ 8% |
| Retained profit | € 399,940 | € 512,620 | € 630,195 | € 753,535 | ▲ 20% |
| Bank debt | € 793,900 | € 707,688 | € 621,476 | € 535,264 | ▼ 14% |
| Balance sheet total | € 1,576,360 | € 1,612,208 | € 1,635,694 | € 1,672,338 | ▲ 2% |
Key figures of PHAR WEST, 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 PHAR WEST?
What happened at PHAR WEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 123,340 (▲ 5% vs 2024). Source: NBB ↗
- New establishment in De Panne. KBO
- Start of the company according to the CBE. KBO
In short
From € 90,489 profit in 2022 to € 123,340 profit in 2025.
Paid € 129,951 in corporate taxes since 2022.
Best year ever: 2025, with € 123,340 profit.
Management
Behind PHAR WEST are Tine Wouters and Monica Van Steenberghe. It owns 99.9% of Audopharma itself.
Directors
According to the 2025 annual accounts
Tine Wouters
Director
Monica Van Steenberghe
Director
Establishments
Establishment units
Physical locations of this company
Dorpsstraat 2
8660 De Panne
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
DSTNY-BACKBONE International Backbone, BE
Website info
Features
Security
Details
- Company number
- 0627.814.187
- VAT number
- BE 0627.814.187
- Registered office
- Dorpsstraat 2, 8660 De Panne
- Names & denominations
- PHAR WEST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 2015
- Peppol
- Active · Active since 6 Nov 2025
- Contact
- audopharma.be
- Activities · NACE
Activiteiten van holdings
Holdings