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2PHARMA HOLDING

Active
Public limited companyfounded 201510 yrs activeKortrijksesteenweg 1091, 9051 Gent, BelgiumKBO/BCE: BE 0644.751.377
Summary

2PHARMA HOLDING has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,480 and a net result of -€3,205. Equity is shrinking by ~8.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Overview

What they do
Activity not known
How big
€1.9mtotal assets 2025
Equity
€34,480
Loss
-€3,205
Financially healthy?
64 Healthy Checked score 2025
Bankruptcy chance 12 m
1.0%
Who decides
Parent
Ceres Pharma · 100%
Board
3 members
Holdings
1
Accounts 1 d early1 of 6 deeds read
Why 64- Liquidity: current ratio 0.00- No establishment unit in the KBO+ Size: total assets €1.9m+ No main activity registeredShow the evidence

Checked score

Score 2025
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 18% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency 27=
equity 1.8% of total assets
Liquidity 0=
short-term debt 98.2%
Profitability 37=
return on assets -0.2%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 4 months 07-2026: 1.4%highest value 08-2026: 0.9%▼ -35.5% vs 07-2026lowest value 09-2026: 1.0%▲ +13.2% vs 08-2026 10-2026: 1.0%● 0.0% vs 09-2026
  • Liquidity: current ratio 0.00 raises the probability
  • Size: total assets €1.9m lowers the probability for this profile
  • No establishment unit in the KBO raises the probability
  • No main activity registered lowers the probability
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.02 in 2024; short-term debt: 98.2% of total assets), and 98.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 17%, liquidity 1%, profitability 28%, growth against the median 26%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.00
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €1.9m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · No establishment unit in the KBO
In the bankruptcy model this factor raises the probability.
KBO · seat and establishments
lowers risk · No main activity registered
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3,205
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
1 d early
2023
6 d early
2022
31 d late
2021
20 d early
2020
19 d early
2019
25 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 1 day after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Permanent representatives: DEBEL Mario, IMSCHOOT Anja…Resignations: MD CONSULT, AQUITANIA and…
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: 7 loss-making years in a rowloss fiscal year 2025 -€3,205 View
  • Controlled by Ceres Pharmaultimately: Ceres Invest 100% View
  • New directorslatest change 30-03-2026 · 3 in office 2 joined View

By topic

Financials

Fiscal year
2025
Total assets
€1.9m
Loss
-€3,205
Solvency
1.8%
Total assets▼ 2.1%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 30-07-2026Annual accounts filed
  2. 29-04-2026Permanent representatives: DEBEL Mario, IMSCHOOT Anja and…
  3. 30-07-2025Annual accounts filed
Go to Timeline

Company details

Legal form
Public limited company
Founded
22-12-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
48
Who signs
Each director alone
Purpose
1. het beleggen, het intekenen op, vast overnemen, plaatsen, kopen, verkopen en…
Go to Articles of association

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