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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BePharBel Manufacturing from Courcelles, company number BE0844689955, closed financial year 2025 with a result of € -3.6 million after tax. For that financial year BePharBel Manufacturing recorded revenue of € 17 million and equity of € 10.4 million. Compared with financial year 2024, the result moved from € -3 million to € -3.6 million. The company made a loss. 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 June 15, 2026.
€ 10.4 million
▲ 139% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.6 million
▼ 21 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2.6 million
▲ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -12.4 million.
People and assets in 2025
100.2
▲ 7.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8 million
▲ 12% vs 2024
€ 80,100 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.
€ 1.2 million
▼ 16% vs 2024
Of which on lease € 866,462.
Debts at end 2025
€ 9.7 million
▼ 39% vs 2024
€ 1.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 3.1 million
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 99 days on average.
€ 1.4 million
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,753,935 | € 15,670,796 | € 17,131,561 | € 17,049,867 | |
| Profit after taxes | € 933,380 | € -1,748,638 | € -2,976,517 | € -3,607,798 | ▼ € 631,281 |
| Equity | € 7,863,882 | € 7,552,327 | € 4,357,528 | € 10,424,872 | ▲ 139% |
| Total debts | € 17,538,036 | € 18,848,715 | € 22,570,837 | € 16,984,441 | ▼ 25% |
| Cash | € 941,868 | € 882,273 | € 1,340,236 | € 2,638,394 | ▲ 97% |
| Land & buildings | € 1,543,194 | € 1,430,836 | € 1,492,201 | € 1,345,858 | ▼ 10% |
| Retained profit | € -3,368,915 | € -5,117,553 | € -8,094,070 | € -12,425,425 | ▼ € 4.3 million |
| Bank debt | € 11,914,172 | € 13,714,547 | € 15,797,410 | € 9,656,913 | ▼ 39% |
| Balance sheet total | € 25,665,918 | € 26,401,042 | € 26,928,364 | € 27,409,313 | ▲ 2% |
| Employees (FTE) | 79.1 | 83.3 | 92.5 | 100.2 | ▲ 7.7 |
Key figures of BePharBel Manufacturing, 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 BePharBel Manufacturing?
What happened at BePharBel Manufacturing in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Antoine DE ROCHECHOUART DE MORTEMART stepped down as director. NBB
- Yves-Gérard NOEL stepped down as director. NBB
- Cyril WOLKONSKY stepped down as director. NBB
- TALENCE SA stepped down as director. NBB
- Vincent STEPHENNE stepped down as director. NBB
- Jean STEPHENNE stepped down as director. NBB
- Nomainvest SA stepped down as director. NBB
- SAMBRINVEST SPIN-OFF/SPIN-OUT SA stepped down as director. NBB
In short
From € 933,380 profit in 2022 to € 3.6 million loss in 2025.
Paid € 5,316 in corporate taxes since 2022.
Best year ever: 2022, with € 933,380 profit.
Pays suppliers within 99 days on average.
A new publication or filing at BePharBel Manufacturing? We notify you, reason included.
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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 NOMAINVEST, IRIS BELGIUM, Wallonie Entreprendre, TALENCE, BePharBel comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BePharBel ManufacturingThe shares are held by NOMAINVEST (25.3%), IRIS BELGIUM (21.8%), Wallonie Entreprendre (14.3%), TALENCE (10.8%) and BePharBel (0.2%).
Directors
According to the 2025 annual accounts
since 2017 · until 2028
Yves-Gérard NOEL
Director
since 2017 · until 2028
Cyril WOLKONSKY
Director
Also active at: LEX 84, DOLCE LA HULPE, IRIS BELGIUM, extend holding, VLASMARKT, Promiris, Compagnie de Développement Promiris, Promiris Demot +11 more
since 2017 · until 2028
since 2017 · until 2028
since 2017 · until 2028
since 2017 · until 2028
Denis BEDORET
Administrateur Indépendant
since 2023 · until 2026
Director · represented by Bernard JOLLY
Also active at: SPRIMOGLASS, LEROI INDUSTRIES, ENTWICKLUNGS- UND BETEILIGUNGSGESELLSCHAFT OSTBELGIENS, SYNERGLASS SOFT, REALCO, CARRELAGES ARCHAMBEAU TH., SPRIMO INVEST, R.M.D. TRANSPORTS +14 more
since 2024 · until 2028
Bernard PLUTA
Administrateur Indépendant
since 2023 · until 2026
SAMBRINVEST SPIN-OFF/SPIN-OUT SA
Director · represented by Fabrice CAROSELLA
Also active at: BE ANGELS, Brussels South Charleroi BioPark Dev, 50°NORTH VENTURES, THEODORUS III, EMAsphere, AQUILON PHARMACEUTICALS, APIQUIET, BigCaptain +25 more
since 2024 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Luxembourg(CO) 13
6180 Courcelles
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0844.689.955
- VAT number
- BE 0844.689.955
- Registered office
- Rue du Luxembourg(CO) 13, 6180 Courcelles
- Names & denominations
- BePharBel Manufacturing
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 March 2012
- Peppol
- Active · Active since 18 Apr 2025
- Activities · NACE
Vervaardiging van farmaceutische grondstoffen
Vervaardiging van geneesmiddelen
Groothandel in farmaceutische en medische artikelen