ACTIVE

PHARMARO

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Financial year 2025 · closed on 31/12/2025

Net result

160,5 k €

+9.6% YoY

Gross margin

311,4 k €

+8.7% YoY

Equity

139,9 k €

-5.5% YoY

Workforce

2,0 ETP

0.0% YoY

What does PHARMARO do?

PHARMARO is a Private limited company incorporated in 2008. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Charleroi. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.156.742

Incorporation

09/07/2008

Legal form

Private limited company

Registered office

Rue Masses Diarbois 46
6043 Charleroi · WallonieSee on map

Contributed capital

120 387,30 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Activities (NACE)

47730Dispensing chemist in specialised stores· main 47730Dispensing chemist in specialised stores

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	311,4 k €	+8.7%	286,6 k €	+6.0%	270,5 k €	-2.7%	278,1 k €	+9.3%	254,5 k €	+25.5%	202,8 k €	+5.7%	191,9 k €	+10.0%	174,5 k €	+7.3%	162,7 k €	+7.2%	151,8 k €	+1.4%	149,6 k €	+9.8%	136,3 k €	+11.6%	122,1 k €	+35.3%	90,2 k €	-1.9%	92 k €	+11.5%	82,5 k €	-20.3%	103,5 k €
EBITDA	212,9 k €	+10.4%	192,8 k €	+8.1%	178,4 k €	-8.0%	193,9 k €	+7.2%	180,8 k €	+24.1%	145,7 k €	+4.1%	139,9 k €	+11.6%	125,3 k €	+13.2%	110,8 k €	+8.8%	101,8 k €	-1.2%	103 k €	+4.4%	98,7 k €	+11.7%	88,3 k €	+31.8%	67 k €	+17.8%	56,9 k €	+8.3%	52,5 k €	-23.3%	68,5 k €
Operating result	210,5 k €	+10.6%	190,3 k €	+8.1%	176 k €	-8.6%	192,5 k €	+7.2%	179,6 k €	+25.2%	143,5 k €	+5.1%	136,5 k €	+13.1%	120,7 k €	+15.5%	104,5 k €	+10.2%	94,8 k €	-0.9%	95,6 k €	+3.0%	92,9 k €	+12.0%	82,9 k €	+39.1%	59,6 k €	+16.2%	51,3 k €	+62.8%	31,5 k €	-17.5%	38,2 k €
Net result	160,5 k €	+9.6%	146,4 k €	+9.1%	134,2 k €	-7.2%	144,6 k €	+8.8%	132,9 k €	+23.3%	107,8 k €	+8.2%	99,7 k €	+22.2%	81,6 k €	+18.2%	69 k €	+7.0%	64,5 k €	-2.0%	65,8 k €	-15.7%	78,1 k €	+28.8%	60,6 k €	+43.7%	42,2 k €	+17.3%	35,9 k €	+73.9%	20,7 k €	+389%	4,2 k €
Balance sheet
Equity	139,9 k €	-5.5%	148 k €	-4.1%	154,4 k €	-0.8%	155,7 k €	-9.4%	171,9 k €	-7.5%	185,9 k €	+4.4%	178,1 k €	-0.2%	178,4 k €	-27.7%	246,9 k €	+38.8%	177,9 k €	-10.4%	198,4 k €	+2.5%	193,6 k €	-30.4%	278 k €	+22.2%	227,4 k €	+10.8%	205,2 k €	+21.2%	169,3 k €	+1.6%	166,6 k €
Total assets	493,2 k €	-6.4%	527 k €	-18.0%	643,1 k €	+7.6%	597,7 k €	+0.9%	592,4 k €	+3.2%	574,2 k €	+23.0%	467 k €	-5.9%	496,4 k €	+0.1%	495,8 k €	+8.3%	457,7 k €	+25.8%	363,8 k €	-8.0%	395,5 k €	-11.1%	445 k €	+0.3%	443,7 k €	+1.5%	437 k €	+11.5%	392,1 k €	+0.7%	389,4 k €
Cash	195,6 k €	-22.8%	253,5 k €	-5.4%	268 k €	-20.8%	338,3 k €	-10.7%	378,7 k €	+13.8%	332,8 k €	+43.8%	231,4 k €	-0.6%	232,9 k €	-18.8%	286,9 k €	+67.1%	171,7 k €	+13.5%	151,3 k €	-27.6%	209 k €	+253%	59,2 k €	-34.6%	90,5 k €	-26.5%	123,1 k €	-39.3%	202,6 k €	+235%	60,6 k €
Debts	346,9 k €	-8.5%	379 k €	-21.3%	481,3 k €	+10.8%	434,3 k €	+5.3%	412,3 k €	+9.5%	376,6 k €	+36.1%	276,6 k €	-9.3%	305,2 k €	+29.6%	235,5 k €	-11.4%	265,7 k €	+76.3%	150,7 k €	-19.1%	186,2 k €	+23.0%	151,4 k €	-24.3%	200 k €	-3.7%	207,6 k €	+1.1%	205,4 k €	-7.8%	222,8 k €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 ETP	+20.0%	1,5 ETP	+7.1%	1,4 ETP	-6.7%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	-6.3%	1,6 ETP	+23.1%	1,3 ETP	+30.0%	1,0 ETP	-9.1%	1,1 ETP	+22.2%	0,9 ETP	-55.0%	2,0 ETP	+100%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

COFRANIS

Mandate · 0827.642.404

Represented by François STEEMAN

Active

Ended mandates

COFRANIS

Director · since 01 août 2010 · 0827.642.404

Represented by François STEEMAN

Ended

François STEEMAN

Director · since 01 août 2010

Ended

François STEEMAN

Managing director · since 01 août 2010

Ended

Marylène POELAERT

Director · since 01 août 2010

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/06/2026	24/06/2025	31/07/2024	26/07/2023	31/07/2022	28/07/2021
General meeting	04/06/2026	19/06/2025	18/07/2024	02/06/2023	27/05/2022	20/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/06/2026	24/06/2026	French	PDF
Abridged model	31/12/2024	19/06/2025	24/06/2025	French	PDF
Abridged model	31/12/2023	18/07/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	02/06/2023	26/07/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	31/07/2022	French	PDF
Abridged model	31/12/2020	20/05/2021	28/07/2021	French	PDF
Abridged model	31/12/2019	21/05/2020	31/07/2020	French	PDF
Abridged model	31/12/2018	16/05/2019	31/08/2019	French	PDF
Abridged model	31/12/2017	17/05/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	18/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	19/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	21/05/2015	21/08/2015	French	PDF
Abridged model	31/12/2013	15/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	16/05/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	17/05/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	19/05/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	10/08/2010	French	PDF
Abridged model	31/12/2008	30/09/2009	30/09/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/12/2025 · 1 active · 8 ended

Active mandates

COFRANIS

Mandate · 0827.642.404

Represented by François STEEMAN

Active

Ended mandates

COFRANIS

Director · since 01 août 2010 · 0827.642.404

Represented by François STEEMAN

Ended

François STEEMAN

Director · since 01 août 2010

Ended

François STEEMAN

Managing director · since 01 août 2010

Ended

Marylène POELAERT

Director · since 01 août 2010

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates03/12/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates06/01/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2010
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other18/07/2008
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2025
Annual accounts 2025160,5 k €↑
2024
Annual accounts 2024146,4 k €↑
2023
Annual accounts 2023134,2 k €↓
2022
Annual accounts 2022144,6 k €↑
2021
Annual accounts 2021132,9 k €↑
2020
Annual accounts 2020107,8 k €↑
2019
Annual accounts 201999,7 k €↑
2018
Annual accounts 201881,6 k €↑
2017
Annual accounts 201769 k €↑
2016
Annual accounts 201664,5 k €↓
2015
Annual accounts 201565,8 k €↓
2014
Annual accounts 201478,1 k €↑
2013
Annual accounts 201360,6 k €↑
2012
Annual accounts 201242,2 k €↑
2011
Annual accounts 201135,9 k €↑
2010
Annual accounts 201020,7 k €↑
2009
Annual accounts 20094,2 k €
09/07/2008
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PHARMARO

Overview

What does PHARMARO do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline