Financials
Financial year 2024
Pharma Force from Gent, company number BE0859585888, closed financial year 2024 with a result of € 1.9 million after tax. For that financial year Pharma Force recorded revenue of € 23.1 million and equity of € 11.2 million. Compared with financial year 2023, the result moved from € 2.2 million to € 1.9 million. The company is profitable. 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 23, 2025.
€ 11.2 million
▲ 21% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▼ 13% vs 2023
Profit after tax over the fiscal year.
€ 140,909
▼ 2% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -13.1 million.
People and assets in 2024
105.4
▼ 0.7 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 4.9 million
€ 46,100 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.
€ 721,427
▼ 12% vs 2023
Of which on lease € 284,061.
Debts at end 2024
€ 1.5 million
▲ 32% vs 2023
€ 215,487 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2.1 million
▼ 25% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 42 days on average.
€ 871,791
▼ 18% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 25,645,528 | € 23,826,577 | € 24,406,503 | € 23,129,723 | ▼ 5% |
| Profit after taxes | € 4,255,985 | € 2,841,367 | € 2,215,671 | € 1,929,557 | ▼ 13% |
| Equity | € 4,254,175 | € 7,095,542 | € 9,311,213 | € 11,240,770 | ▲ 21% |
| Total debts | € 9,916,761 | € 8,196,100 | € 5,017,746 | € 4,508,125 | ▼ 10% |
| Cash | € 349,072 | € 266,698 | € 143,867 | € 140,909 | ▼ 2% |
| Retained profit | € -20,116,481 | € -17,275,114 | € -15,059,443 | € -13,129,886 | ▲ € 1.9 million |
| Bank debt | € 1,934,218 | € 991,871 | € 1,172,797 | € 1,548,872 | ▲ 32% |
| Balance sheet total | € 14,170,936 | € 15,291,642 | € 14,328,959 | € 15,748,895 | ▲ 10% |
| Employees (FTE) | 113 | 106.5 | 106.1 | 105.4 | ▼ 0.7 |
Key figures of Pharma Force, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Pharma Force?
What happened at Pharma Force in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 1.9 million (▼ 13% vs 2023). Source: NBB ↗
- Peeters Mathieu Management BV became a director. NBB
- New establishment in Gent. KBO
- New establishment in Antwerpen. KBO
- New establishment in Liège. KBO
- New establishment in Sint-Gillis (bij-Brussel). KBO
- Start of the company according to the CBE. KBO
In short
From € 4.3 million profit in 2021 to € 1.9 million profit in 2024.
Paid € 787,044 in corporate taxes since 2021.
Best year ever: 2021, with € 4.3 million profit.
Pays suppliers within 42 days on average.
Management
The stake of peeters mathieu management comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Pharma ForceBehind Pharma Force is Peeters Mathieu Management BV. The shares are held by peeters mathieu management (100%).
Directors
According to the 2024 annual accounts
Managing director · represented by Mathieu Peeters
Also active at: APOTHEEK PEETERS - PETIT, PHARMA BASE, PEETERS PHARMA
since 2019
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Poortakkerstraat 41G
9051 Gent
Henri Jasparlaan 138
1060 Sint-Gillis (bij-Brussel)
Active since 8 July 2003
Quai de Rome 49c
4000 Liège
Active since 4 November 2003
Kloosterstraat 80
2180 Antwerpen
Active since 1 January 2007
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
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0859.585.888
- VAT number
- BE 0859.585.888
- Registered office
- Poortakkerstraat 41G, 9051 Gent
- Names & denominations
- Pharma Force
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 July 2003
- Peppol
- Active · Active since 24 Jun 2025
- Contact
- pharmaforce.be [email protected] 092151812
- Activities · NACE
Detailhandel in farmaceutische producten
Apothekers