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 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Kerckaert Pharma from Lievegem, company number BE0645736522, closed financial year 2025 with a result of € 134,064 after tax. For that financial year Kerckaert Pharma recorded a gross margin of € 191,890 and equity of € 37,144. Compared with financial year 2024, the result moved from € 120,683 to € 134,064. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 37,144
▲ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 134,064
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 87,607
▲ 147% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 125,000 paid out
93 % of the profit went to the shareholders, mostly to TINE KERCKAERT (100 % of the shares). That is where the money ends up.
People and assets in 2025
0.8
Average over the fiscal year, from the social balance sheet.
€ 43,299
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,811
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8,100
▼ 75% vs 2024
Loans from banks and other lenders, long and short.
€ 137,878
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,720
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -62,657 | € 104,930 | € 178,957 | € 191,890 | ▲ 7% |
| Profit after taxes | € -64,748 | € 80,885 | € 120,683 | € 134,064 | ▲ 11% |
| Equity | € -43,489 | € 17,396 | € 28,080 | € 37,144 | ▲ 32% |
| Total debts | € 340,645 | € 257,278 | € 267,533 | € 313,200 | ▲ 17% |
| Cash | € 32,051 | € 36,452 | € 35,496 | € 87,607 | ▲ 147% |
| Retained profit | € -62,039 | € -1,154 | € 9,530 | € 18,594 | ▲ 95% |
| Dividend | € 0 | € 20,000 | € 110,000 | € 125,000 | ▲ 14% |
| Bank debt | € 61,500 | € 32,400 | € 32,400 | € 8,100 | ▼ 75% |
| Balance sheet total | € 297,156 | € 274,674 | € 295,612 | € 350,343 | ▲ 19% |
| Employees (FTE) | 0 | 0.2 | 0.8 | 0.8 |
Key figures of Kerckaert 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 Kerckaert Pharma?
What happened at Kerckaert 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 € 134,064 (▲ 11% vs 2024). Source: NBB ↗
- Tine Kerckaert BV became a director. NBB
- New establishment in Lievegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 64,748 loss in 2022 to € 134,064 profit in 2025.
Paid € 9,935 in corporate taxes since 2022.
Best year ever: 2025, with € 134,064 profit.
Paid out € 255,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of TINE KERCKAERT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Kerckaert PharmaBehind Kerckaert Pharma is Tine Kerckaert BV. The shares are held by TINE KERCKAERT (100%).
Directors
According to the 2025 annual accounts
Director · represented by Kerckaert Tine
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Molendreef 10
9920 Lievegem
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
Google Workspace
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Website info
Features
Security
Details
- Company number
- 0645.736.522
- VAT number
- BE 0645.736.522
- Registered office
- Molendreef 10, 9920 Lievegem
- Names & denominations
- Kerckaert Pharma
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2015
- Peppol
- Active · Active since 9 Dec 2025
- Contact
- remedi-apotheek.be
- Activities · NACE
Detailhandel in farmaceutische producten