Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The accounts state no turnover.
Of this, €420,636 falls due within a year.
Less equity than 89% of companies in retail trade. Sector median €446,140 · 5,071 companies.
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 18% of them on solvency, 21% on liquidity, 22% on profitability and 4% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is insufficient, with a current ratio of 0.09 (0.13 in 2024), below 1. Short-term debt is 53.7% and cash 0.2% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 2 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BDM PHARMA Woluwe-Saint-Lambert | €0.8m | €8,836 | -2.5% | 0 |
| APOTHEEK PANORAMA BAAL Tremelo | €1.4m | €9,325 | -4.8% | - |
| PHARMACIE DU PERRON CHÂTELET Charleroi | €1.3m | €23,502 | 6.8% | - |
| An Brebels Oudsbergen | €0.3m | €10,426 | 30.3% | - |
| An Willems Lokeren | €0.3m | €14,830 | -37.9% | - |
| MANAGEMENT LORMANS-BEKKERS Beringen | €1.8m | €12,245 | -2.7% | - |
| MV PHARMA Saint-Ghislain | €0.5m | €23,202 | 90.8% | - |
These companies have the same main activity as BDM PHARMA: retail sale of pharmaceutical products (NACE 47730). They are comparable in size and age: total assets between €313,000 and €1.8m, founded between 2017 and 2023.
The computed 12-month bankruptcy probability of BDM PHARMA is 1.7% (moderate). The 2025 annual accounts show negative equity (-€19,884) and a net result of -€12,361.
Equity has been shrinking by about 135% per year since 2023. Its solvency ranks better than 12% of 5,070 sector peers (NACE 47, financial year 2025).
The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
See how customers, suppliers and banks see your own company and what to improve first.
If something looks wrong or is missing, please tell us.