OPENING OF BANKRUPTCY

LIFE PHARMA

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Financial year 2016 · closed on 31/12/2016
Net result
-6,3 M €
-745.4% YoY
Revenue
101,8 M €
-14.3% YoY
Equity
-3,5 M €
-217.2% YoY
Workforce
62,0 ETP
+3.5% YoY

Company — Opening of bankruptcy.

What does LIFE PHARMA do?

LIFE PHARMA is a Cooperative company with limited liability incorporated in 1963. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Herstal. It employs on average 62,0 ETP workers (FTE).

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0403.899.486
Incorporation
22/04/1963
Legal form
Cooperative company with limited liability
Registered office
Route de Liers 140
4042 Herstal · WallonieSee on map
Latest accounts
31/12/2016
Average workforce
62,0 ETP
Activities (NACE)
46460Wholesale of pharmaceutical goods· main46460Wholesale of pharmaceutical goods51460Air transport
Joint committees (1)
  • 321
Signals
Healthy social debtsHigh revenue
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Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2016201520142013201220112010200920082007
Income statement
Revenue101,8 M €118,9 M €93,5 M €90 M €95,2 M €107,8 M €101,7 M €96 M €80,7 M €–
EBITDA-4,2 M €517,3 k €883 k €-502 k €573,9 k €311,3 k €336,7 k €563,9 k €166,1 k €294,6 k €
Operating result-5,9 M €-538,5 k €122,2 k €-1,1 M €-69,7 k €-171,9 k €-80,1 k €184,8 k €4,7 k €124,5 k €
Net result-6,3 M €-745,3 k €4 k €-1,1 M €-55,4 k €-110,3 k €1,8 k €133 k €72,8 k €146,8 k €
Balance sheet
Equity-3,5 M €3 M €3,7 M €3,7 M €4 M €4 M €4,1 M €3,4 M €3,3 M €3,1 M €
Total assets20 M €26,3 M €23,4 M €22 M €21,1 M €22,1 M €23,8 M €19,4 M €13,8 M €11,6 M €
Cash941,4 k €844,8 k €1,3 M €2,3 M €1,5 M €758,4 k €4,2 M €1,2 M €325,7 k €272,9 k €
Debts20,8 M €23,3 M €19,6 M €18,2 M €16,9 M €18 M €19,6 M €15,9 M €10,5 M €8,4 M €
Other
Workforce62,0 ETP59,9 ETP59,4 ETP64,2 ETP66,5 ETP71,8 ETP64,9 ETP47,1 ETP42,1 ETP39,8 ETP
Governance

Board of directors

Seen on filing of 31/12/2016 · 10 active · 52 ended

Active mandates

Alain FIGAS

Director · since 27 janvier 2015 · until 27 mai 2019

Active
Jean-François BLAIRVACQ

Director · since 27 janvier 2015 · until 27 mai 2019

Active
Philippe LAMBERT

Director · since 27 janvier 2015 · until 27 mai 2019

Active
Pierre WAGNER

Director · since 27 janvier 2015 · until 27 mai 2019

Active
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

Director · since 09 octobre 2013 · 0426.887.397

Represented by Valérie POTIER

Active
Benoit DEBOR

Director · since 18 février 2013 · until 29 mai 2017

Active
Jacques PENELLE

Director · since 18 février 2013 · until 29 mai 2017

Active
Martine WIJNEN

Director · since 18 février 2013 · until 29 mai 2017

Active
Michel KOHL

Director · since 18 février 2013 · until 29 mai 2017

Active
Vinciane DECKERS

Director · since 18 février 2013 · until 29 mai 2017

Active

Ended mandates

Jean-françois BLAIRVACQ

Chairman of the board of directors · since 27 janvier 2015 · until 27 mai 2019

Ended
Alain FIGAS

Director · since 26 janvier 2015 · until 27 mai 2019

Ended
Benoit DEBOR

Director · since 18 février 2013 · until 23 janvier 2017

Ended
Jacques PENELLE

Director · since 18 février 2013 · until 23 janvier 2017

Ended
Annual accounts

Full financial information

201620152014201320122011
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/201601/10/201401/10/201301/10/201201/10/201101/10/2010
Closing of the financial year31/12/201631/12/201530/09/201430/09/201330/09/201230/09/2011
Length of the financial year12 months15 months12 months12 months12 months12 months
Filing date30/10/201702/09/201613/03/201526/03/201429/03/201327/03/2012
General meeting27/10/201730/05/201627/01/201527/01/201418/02/201323/01/2012
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/201627/10/201730/10/2017FrenchPDF
Full model31/12/201530/05/201602/09/2016FrenchPDF
Consolidated accounts31/12/201530/05/201602/09/2016FrenchPDF
Full model30/09/201427/01/201513/03/2015FrenchPDF
Full model30/09/201327/01/201426/03/2014FrenchPDF
Full model30/09/201218/02/201329/03/2013FrenchPDF
Full model30/09/201123/01/201227/03/2012FrenchPDF
Full model30/09/201024/01/201125/05/2011FrenchPDF
Full model30/09/200925/01/201010/05/2010FrenchPDF
Abridged model30/09/200802/01/200919/02/2009FrenchPDF
Abridged model30/09/200728/01/200831/01/2008FrenchPDF
Abridged model30/09/200622/01/200721/02/2007FrenchPDF
Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2016 · 10 active · 52 ended

Active mandates

Alain FIGAS

Director · since 27 janvier 2015 · until 27 mai 2019

Active
Jean-François BLAIRVACQ

Director · since 27 janvier 2015 · until 27 mai 2019

Active
Philippe LAMBERT

Director · since 27 janvier 2015 · until 27 mai 2019

Active
Pierre WAGNER

Director · since 27 janvier 2015 · until 27 mai 2019

Active
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

Director · since 09 octobre 2013 · 0426.887.397

Represented by Valérie POTIER

Active
Benoit DEBOR

Director · since 18 février 2013 · until 29 mai 2017

Active
Jacques PENELLE

Director · since 18 février 2013 · until 29 mai 2017

Active
Martine WIJNEN

Director · since 18 février 2013 · until 29 mai 2017

Active
Michel KOHL

Director · since 18 février 2013 · until 29 mai 2017

Active
Vinciane DECKERS

Director · since 18 février 2013 · until 29 mai 2017

Active

Ended mandates

Jean-françois BLAIRVACQ

Chairman of the board of directors · since 27 janvier 2015 · until 27 mai 2019

Ended
Alain FIGAS

Director · since 26 janvier 2015 · until 27 mai 2019

Ended
Benoit DEBOR

Director · since 18 février 2013 · until 23 janvier 2017

Ended
Jacques PENELLE

Director · since 18 février 2013 · until 23 janvier 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/08/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/06/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/10/2015
    DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
    PDF
  • Mandates17/07/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/03/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/02/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/01/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/10/2013
    DEMISSIONS, NOMINATIONS
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2016
    Annual accounts 2016-6,3 M €↓
  2. 2015
    Annual accounts 2015-745,3 k €↓
  3. 2014
    Annual accounts 20144 k €↑
  4. 2013
    Annual accounts 2013-1,1 M €↓
  5. 2012
    Annual accounts 2012-55,4 k €↑
  6. 2011
    Annual accounts 2011-110,3 k €↓
  7. 2010
    Annual accounts 20101,8 k €↓
  8. 2009
    Annual accounts 2009133 k €↑
  9. 2008
    Annual accounts 200872,8 k €↓
  10. 2007
    Annual accounts 2007146,8 k €
  11. 22/04/1963
    IncorporationCooperative company with limited liability