BELGIOPHAR
ActiveThe computed 12-month bankruptcy probability of BELGIOPHAR is 4.6% (elevated). The 2025 annual accounts show negative equity (€-124k) and a net result of €-28k. Equity is shrinking by ~190.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 7892 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
5
/ 100
Critical▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33=
Solvency33▼-4
Growth22=
Stability94
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.65 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-116.3%
Return on assets
-26.4%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€124k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 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 · 5 filingsDeviation from the deadline
2025
39 d late
2024
59 d late
2023
31 d late
2022
74 d late
2021
159 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€152k▲ 119%
2024 · €69k
2022: €275k
2023: €227k
2024: €69k
2022 → 2025
EBIT margin
-73.0%▲ 47.0pp
2024 · -120.0%
2022: -1.1%
2023: 4.3%
2024: -120.0%
2022 → 2025
Net result
€-28k▲ 66.3%
2024 · €-84k
2021: €-27k
2022: €4k
2023: €-2k
2024: €-84k
2021 → 2025
Working capital
€-119k▼ 15.5%
2024 · €-103k
2021: €-20k
2022: €-19k
2023: €-18k
2024: €-103k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€275k€227k▼ 17.6%€69k▼ 69.4%€152k▲ 119%
Equity€-15k-€-11k▲ 25.8%€-13k▼ 16.6%€-96k▼ 663%€-124k▼ 29.3%
Operating result€-26k-€-3k▲ 88.7%€10k€-83k€-111k▼ 33.4%
Net result€-27k-€4k€-2k€-84k▼ 4,557%€-28k▲ 66.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €111k in 2025 against €83k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€6k▼ 11.2%
Current assets
€101k▼ 46.1%
Key figures and ratios
EBITDA
€-108k▼
2024 · €-81k
Cash flow
€-25k▲
2024 · €-81k
Solvency
-116.3%▼
2024 · -49.5%
Current ratio
0.46▼
2024 · 0.65
Quick ratio
0.25▼
2024 · 0.41
Debt / equity
-1.86▲
2024 · -3.02
ROE
22.7%▼
2024 · 86.9%
ROA
-26.4%▲
2024 · -43.0%
Interest coverage
-4.64▲
2024 · -125.07
Debt
€231k▼
2024 · €290k
Debt ≤ 1 year
€220k▼
2024 · €290k
Staff costs
€59k▲
2024 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€194k€107k▼
Fixed assets21/28€7k€6k▼
Intangible fixed assets21€407€107▼
Tangible fixed assets22/27€5k€5k▼
Plant, machinery and equipment23€4k€5k▲
Furniture and vehicles24€648-
Financial fixed assets28€1k€1k=
Current assets29/58€187k€101k▼
Stocks and contracts in progress3€69k€46k▼
Stocks30/36€69k€46k▼
Amounts receivable within one year40/41€114k€21k▼
Trade receivables40€106k€17k▼
Other amounts receivable41€8k€3k▼
Cash at bank and in hand54/58€4k€34k▲
Deferred charges and accrued income490/1-€227
Equity and liabilities
Total equity and liabilities10/49€194k€107k▼
Equity10/15€-96k€-124k▼
Contributions10/11€12k€12k=
Capital10€12k€12k=
Issued capital100€12k€12k=
Profit (loss) carried forward14€-108k€-136k▼
Amounts payable17/49€290k€231k▼
Amounts payable within one year42/48€290k€220k▼
Trade debts44€87k€92k▲
Suppliers440/4€87k€92k▲
Advances received on contracts in progress46€7k-
Taxes, remuneration and social security45€44k€25k▼
Taxes450/3€2k€25k▲
Remuneration and social security454/9€42k-
Other amounts payable47/48€153k€103k▼
Accrued charges and deferred income492/3-€11k
Income statement
Code20242025
Turnover70€69k€152k▲
Goods, raw materials, services and sundry goods60/61€94k€201k▲
Remuneration, social security and pensions62€55k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€190€795▲
Gross operating margin9900€-25k€-48k▼
Operating profit (loss)9901€-83k€-111k▼
Financial income75/76B€360€106k▲
Recurring financial income75€360€106k▲
Financial charges65/66B€644€23k▲
Recurring financial charges65€644€23k▲
Profit (loss) for the period before taxes9903€-84k€-28k▲
Profit (loss) for the period9904€-84k€-28k▲
Profit (loss) for the period to be appropriated9905€-84k€-28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-108k€-136k▼
Profit (loss) brought forward from the previous period14P€-25k€-108k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 39 days late
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Weakest financial yearnet €-84k
Net result drops to €-84k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 159 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Researchdreef 121070 AnderlechtGround area
2,276 m²
Building footprint
1,024 m²
Volume, LiDAR
13,845 m³
Parcel 21307F0170/00A003, Brussels · tallest building 22.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BELGIOPHAR
since 20202.311.041.232
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307F0170/00A003 | Brussels | 2,276 m² | 1 · 1,024 m² | 22.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
AL.RAYANE
BE 0700.461.843
Anderlecht
ALPHA FREEZE
BE 0812.081.723
Anderlecht
AMAN FOOD
BE 0644.562.327
Anderlecht
AN - KEE
BE 0459.132.672
Anderlecht
CRO'VETTES
BE 0820.955.342
Anderlecht
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 1,413 companies in sector 46389 we hold annual accounts for 843.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2020
Fiscal year end31-12
Activities, NACEBEL
46389Wholesale of other food products
46460Wholesale of pharmaceutical and medical goods
10890Manufacture of food products
21201Manufacture of basic pharmaceutical products and pharmaceutical preparations
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.