Financials
- Fiscal year
- 2025
- Total assets
- €292,531
- Profit
- €140
- Solvency
- -35.4%
Total assets▼ 0.7%
Net result
20182025
BELAFARM
ActiveThe file of BELAFARM contains 5 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 10.0% (high). The 2025 annual accounts show negative equity (-€103,558) and a net result of €140. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 20110 sector peers (fiscal year 2025).
Overview
What they do
Retail sale of pharmaceutical products
NACE 47730
1 site
How big
€292,531total assets 2025
- Staff
- 0.8 FTE
- Equity
- -€103,558
- Profit
- €140
Who decides
Accounts filed 53 d late0 of 2 deeds read
Why 31- Reorganisation plan being carried out (approved, Gazette 03-11-2023)- Latest accounts 53 days late; 2 of the last 3 late- Negative equity -€103,558+ Size: total assets €292,531Show the evidence
Checked score
Score 2025
31
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 26% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
0=
equity -35.4% of total assets
Liquidity
8+8
short-term debt 114.3% · cash 6.5%
Profitability
69+54
return on assets 0.0%
Bankruptcy probability, 12 months
10.0%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 3 months
08-2026: 17.6%
09-2026: 18.4%▲ +4.7% vs 08-2026highest value
10-2026: 10.0%▼ -45.7% vs 09-2026lowest value
- Reorganisation plan being carried out (approved, Gazette 03-11-2023) raises the probabilityWhile the plan runs, the probability is at least 10.0%: the measured failure rate of plans of that age.
- Latest accounts 53 days late; 2 of the last 3 late raises the probability
- Size: total assets €292,531 lowers the probability for this profile
- Negative equity -€103,558 raises the probability
No credit on open account
Liquidity short (current ratio 0.42 against 0.36 in 2024; short-term debt: 114.3% and cash: 6.5% of total assets), and equity is negative.
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 (NACE 47, micro). Better than this share of them on solvency 6%, liquidity 9%, profitability 49%, growth against the median 39%. 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 20110 sector peers (2025).
NBB · sector comparisonPosition among 20110 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
53 d late
2024
29 d late
2023
205 d late
2022
47 d early
2021
31 d early
2020
30 d early
2019
96 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 39 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed 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 29 August (4 of the last 5 filed years within 76 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €140
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 19
- Since
- 2017
- Next accounts
- by 31-07-2027
- 22-09-2026Annual accounts filed
- 31-12-2025Back to profit
- 29-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Retail sale of pharmaceutical productsNACE 47730
- Founded
- 30-10-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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