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 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PharmaSpace from Gent, company number BE0676525015, closed financial year 2025 with a result of € 52,304 after tax. For that financial year PharmaSpace recorded a gross margin of € 341,697 and equity of € 148,504. Compared with financial year 2024, the result moved from € 26,236 to € 52,304. 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 November 17, 2025.
€ 148,504
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 52,304
▲ 99% vs 2024
Profit after tax over the fiscal year.
€ 39,536
▼ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 25,000 paid out
48 % of the profit went to the shareholders, mostly to PHARMAPHIE HOLDING (100 % of the shares). That is where the money ends up.
People and assets in 2025
2.5
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 206,032
▲ 1% vs 2024
€ 82,400 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.
€ 763
▲ € 649 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 146,418
▼ 26% vs 2024
€ 52,302 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 109,767
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 28,633
▲ 58% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 250,170 | € 280,206 | € 310,402 | € 341,697 | ▲ 10% |
| Profit after taxes | € 12,236 | € 48,517 | € 26,236 | € 52,304 | ▲ 99% |
| Equity | € 56,447 | € 104,964 | € 121,200 | € 148,504 | ▲ 23% |
| Total debts | € 530,719 | € 455,253 | € 433,475 | € 338,076 | ▼ 22% |
| Cash | € 41,854 | € 34,903 | € 69,154 | € 39,536 | ▼ 43% |
| Retained profit | € -18,553 | € 29,964 | € 46,200 | € 73,504 | ▲ 59% |
| Dividend | € 0 | € 0 | € 10,000 | € 25,000 | ▲ 150% |
| Bank debt | € 378,324 | € 251,022 | € 198,720 | € 146,418 | ▼ 26% |
| Balance sheet total | € 587,166 | € 560,217 | € 554,675 | € 486,580 | ▼ 12% |
| Employees (FTE) | 2.5 | 2 | 2.8 | 2.5 | ▼ 0.3 |
Key figures of PharmaSpace, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to PharmaSpace?
What happened at PharmaSpace in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 52,304 (▲ 99% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Alexandre Flamant became a director. NBB
- Pharmaphie Holding BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 12,236 profit in 2022 to € 52,304 profit in 2025.
Paid € 37,248 in corporate taxes since 2022.
Best year ever: 2025, with € 52,304 profit.
On average € 136,700 of value added per employee in 2025.
Management
The stake of PHARMAPHIE HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PharmaSpaceBehind PharmaSpace are Alexandre Flamant and Pharmaphie Holding BV. The shares are held by PHARMAPHIE HOLDING (99.5%).
Directors
According to the 2025 annual accounts
since 2017
Director · represented by Sophie DE BRABANDERE
Also active at: Pharmaphie EVG, Pharmaphie SDW
since 2017
Shareholders
99.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hogeheerweg 63
9051 Gent
Kortrijksesteenweg 1133
9051 Gent
Active since 1 July 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0676.525.015
- VAT number
- BE 0676.525.015
- Registered office
- Hogeheerweg 63, 9051 Gent
- Names & denominations
- PharmaSpace
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 2017
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Detailhandel in farmaceutische producten
Detailhandel in cosmetica en toiletartikelen
Detailhandel in drogisterijartikelen en onderhoudsproducten
Detailhandel in medische en orthopedische artikelen, muv corrigerende brillen, lenzen en zonnebrillen
Detailhandel in drogisterijartikelen en onderhoudsproducten in gespecialiseerde winkels
Detailhandel in medische en orthopedische artikelen in gespecialiseerde winkels