Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PHARMACIE ERGO from Estinnes, company number BE0869621727, closed financial year 2025 with a result of € 22,169 after tax. For that financial year PHARMACIE ERGO recorded a gross margin of € 309,919 and equity of € 832,717. Compared with financial year 2024, the result moved from € 36,903 to € 22,169. 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 May 25, 2026.
€ 832,717
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,169
▼ 40% vs 2024
Profit after tax over the fiscal year.
€ 51,510
▼ 10% 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 € 732,717.
People and assets in 2025
2.7
Average over the fiscal year, from the social balance sheet.
€ 157,551
▲ 3% vs 2024
€ 58,400 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.
€ 11,087
▲ 69% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 205,718
▲ 78% vs 2024
€ 83,230 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 191,979
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,833
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 288,324 | € 289,955 | € 307,470 | € 309,919 | ▲ 1% |
| Profit after taxes | € 44,533 | € 25,163 | € 36,903 | € 22,169 | ▼ 40% |
| Equity | € 748,481 | € 773,644 | € 810,547 | € 832,717 | ▲ 3% |
| Total debts | € 336,719 | € 272,260 | € 313,311 | € 420,753 | ▲ 34% |
| Cash | € 58,171 | € 81,729 | € 57,234 | € 51,510 | ▼ 10% |
| Land & buildings | € 337,658 | € 321,452 | € 301,546 | € 404,266 | ▲ 34% |
| Retained profit | € 648,481 | € 673,644 | € 710,547 | € 732,717 | ▲ 3% |
| Bank debt | € 102,546 | € 75,267 | € 115,556 | € 205,718 | ▲ 78% |
| Balance sheet total | € 1,085,200 | € 1,045,904 | € 1,123,859 | € 1,253,469 | ▲ 12% |
| Employees (FTE) | 2.7 | 2.7 | 2.7 | 2.7 |
Key figures of PHARMACIE ERGO, 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 PHARMACIE ERGO?
What happened at PHARMACIE ERGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,169 (▼ 40% vs 2024). Source: NBB ↗
- Nicolas GEUDENS became a director. NBB
- Pharmacie Estinnes became a director. NBB
- New establishment in Estinnes. KBO
- Start of the company according to the CBE. KBO
In short
From € 44,533 profit in 2022 to € 22,169 profit in 2025.
Paid € 100,465 in corporate taxes since 2022.
Best year ever: 2022, with € 44,533 profit.
On average € 114,800 of value added per employee in 2025.
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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 PHARMACIE ESTINNES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PHARMACIE ERGOBehind PHARMACIE ERGO are Nicolas GEUDENS and Pharmacie Estinnes. The shares are held by PHARMACIE ESTINNES (100%).
Directors
According to the 2025 annual accounts
Nicolas GEUDENS
Director
since 2022
Director · represented by Cécile SCIEUR
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Grande(EVL) 117
7120 Estinnes
Rue Grande(EMT) 127
7120 Estinnes
Active since 1 November 2004
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0869.621.727
- VAT number
- BE 0869.621.727
- Registered office
- Rue Grande(EVL) 117, 7120 Estinnes
- Names & denominations
- PHARMACIE ERGO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 October 2004
- Peppol
- Active · Active since 20 Aug 2025
- Activities · NACE
Detailhandel in farmaceutische producten
Apothekers