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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Pharma Project II from Wavre, company number BE0823439235, closed financial year 2025 with a result of € 26,526 after tax. For that financial year Pharma Project II recorded a gross margin of € 76,950 and equity of € -222,890. Compared with financial year 2024, the result moved from € 23,094 to € 26,526. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ -222,890
▲ € 26,526 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,526
▲ 15% vs 2024
Profit after tax over the fiscal year.
€ 7,094
▲ 23% 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 € -285,390.
Debts at end 2025
€ 449,012
▼ 9% vs 2024
€ 44,503 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 1,542
Supplier invoices still open on the last day of the fiscal year.
€ 1,328
▼ 12% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 47,015 | € 78,957 | € 74,643 | € 76,950 | ▲ 3% |
| Profit after taxes | € -9,038 | € 23,316 | € 23,094 | € 26,526 | ▲ 15% |
| Equity | € -295,827 | € -272,510 | € -249,416 | € -222,890 | ▲ € 26,526 |
| Total debts | € 866,292 | € 807,799 | € 769,410 | € 717,814 | ▼ 7% |
| Cash | € 1,298 | € 2,306 | € 5,761 | € 7,094 | ▲ 23% |
| Land & buildings | € 495,277 | € 471,982 | € 448,688 | € 425,393 | ▼ 5% |
| Retained profit | € -358,327 | € -335,010 | € -311,916 | € -285,390 | ▲ € 26,526 |
| Bank debt | € 569,448 | € 529,669 | € 491,835 | € 449,012 | ▼ 9% |
| Balance sheet total | € 570,466 | € 535,289 | € 519,993 | € 494,924 | ▼ 5% |
Key figures of Pharma Project II, 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 Pharma Project II?
What happened at Pharma Project II in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- JEAN-JACQUES SMITS stepped down as director. NBB
- NICOLE VANSTEENKISTE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 26,526 (▲ 15% vs 2024). Source: NBB ↗
- JEAN-JACQUES SMITS became a director. NBB
- NICOLE VANSTEENKISTE became a director. NBB
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,038 loss in 2022 to € 26,526 profit in 2025.
Best year ever: 2025, with € 26,526 profit.
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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
Directors
According to the 2025 annual accounts
JEAN-JACQUES SMITS
Chairman of the board
Also active at: PHARMA PROJECT, PLANT SUN, PHARMACIE SMITS ECHT, PHARMACIE SMITS ZONING NORD, PHARMACIE SMITS
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Place Cardinal Mercier 6
1300 Wavre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0823.439.235
- VAT number
- BE 0823.439.235
- Registered office
- Place Cardinal Mercier 6, 1300 Wavre
- Names & denominations
- Pharma Project II
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 February 2010
- Peppol
- Active · Active since 19 May 2026