Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
ISAPHAR from Saint-Ghislain, company number BE0870744254, closed financial year 2025 with a result of € -3,204 after tax. For that financial year ISAPHAR recorded a gross margin of € 256,682 and equity of € 587,656. Compared with financial year 2024, the result moved from € -23,451 to € -3,204. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 17, 2026.
€ 587,656
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,204
▲ 86 % less loss than in 2024
Profit after tax over the fiscal year.
€ 113,731
▲ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 369,056.
People and assets in 2025
3
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 212,403
▲ 3% vs 2024
€ 70,800 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.
€ 22,341
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 111,865
▼ 5% vs 2024
€ 28,686 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 188,757
▲ € 145,388 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,747
▲ 57% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 231,683 | € 198,137 | € 240,316 | € 256,682 | ▲ 7% |
| Profit after taxes | € -19,230 | € -36,846 | € -23,451 | € -3,204 | ▲ € 20,247 |
| Equity | € 687,770 | € 622,311 | € 598,861 | € 587,656 | ▼ 2% |
| Total debts | € 220,366 | € 201,826 | € 186,008 | € 340,369 | ▲ 83% |
| Cash | € 184,583 | € 121,161 | € 62,197 | € 113,731 | ▲ 83% |
| Land & buildings | € 323,842 | € 305,588 | € 287,334 | € 269,074 | ▼ 6% |
| Retained profit | € 469,170 | € 403,711 | € 380,261 | € 369,056 | ▼ 3% |
| Dividend | € 0 | € 28,613 | € 0 | € 0 | |
| Bank debt | € 155,936 | € 131,223 | € 117,316 | € 111,865 | ▼ 5% |
| Balance sheet total | € 908,136 | € 824,137 | € 784,869 | € 928,025 | ▲ 18% |
| Employees (FTE) | 2.7 | 2.7 | 3.1 | 3 | ▼ 0.1 |
Key figures of ISAPHAR, 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 ISAPHAR?
What happened at ISAPHAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,204. filed late Source: NBB ↗
- New establishment in Saint-Ghislain. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,230 loss in 2022 to € 3,204 loss in 2025.
Paid € 151 in corporate taxes since 2022.
On average € 85,600 of value added per employee in 2025.
Paid out € 28,613 in dividends to the owners in total.
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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
Claudine VANKERKEM
Director
Establishments
Establishment units
Physical locations of this company
Rue du Parc(B) 31 box A
7331 Saint-Ghislain
Rue du Parc(B) 31
7331 Saint-Ghislain
Active since 1 January 2005
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0870.744.254
- VAT number
- BE 0870.744.254
- Registered office
- Rue du Parc(B) 31 bus A, 7331 Saint-Ghislain
- Names & denominations
- ISAPHAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2004
- Peppol
- Active · Active since 3 Mar 2026
- Activities · NACE
Apothekers
Detailhandel in farmaceutische producten