Equity
-€11,733
Debts exceed assets in financial year 2025.
Bharmacy
Overview
Lifetime
1 annual account with figurespeak -€12,133 (2025)
-€12,133
lowest -€12,733 (2025)
-€12,733
peak -€11,733 (2025)
-€11,733
€29,433
Board3 names since 2024
2 directorsCasteleyn Ywein and 1 other
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Loss of €12,733First year with figures
Key points
from the 2025 annual accountsDebts
€29,433 166% of the balance sheet
Board
1 left
A director left. Latest change 20-03-2026 · 1 in office.
Turnover not published (micro format)
Checked score
54
Fair
Financially stronger than 29% of micro companies in beverages (NACE 11)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 550 companies (NACE 11, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 1.0%
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.1%▲ +0.1 percentage points vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.3%▲ +0.2 percentage points vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.4%▲ +0.1 percentage points vs 04-2026
06-2026: 1.4%● unchanged vs 05-2026highest value
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 0.8%▼ -0.6 percentage points vs 07-2026lowest value
09-2026: 0.9%▲ +0.1 percentage points vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€11,733
lowers risk
Liquidity: current ratio 0.60, cash €13,205
Size: total assets €17,700
Sector: Manufacture of beverages (NACE 11)
Calculation
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 11, micro). It does better than 13% of them on solvency, 61% on liquidity and 13% on profitability.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as Bharmacy has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Bharmacy itself is lower: 0.9% within 12 months. It rests on far more data about Bharmacy than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Bharmacy. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.6, below 1. Short-term debt is 166.3% and cash 74.6% of total assets. Equity is negative.
Credit check for an amount and term of your choice
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.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 · 1 filingDeviation from the deadline
2025
1 day early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
HB
Hagedoren Ben
Director
- HAGEDOREN Benjamin Walter Birgit 50 sharesdeed of 03-10-2024
- CASTELEYN Ywein 50 sharesdeed of 03-10-2024
Recent changes
Registered office moved from Berchem to Borgerhout
New registered office: Lodewijk Van Berckenlaan 182 bus 701, 2140 Borgerhout · Previous registered office: Frans Birontlaan 9 bus 1, 2600 Berchem · Resignation: Casteleyn Ywein (director) · General meeting of 20-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1014388980
Incorporation
Founding capital of €1,000, 100 shares · Founders: HAGEDOREN Benjamin Walter Birgit and CASTELEYN Ywein · Appointments: HAGEDOREN Benjamin Walter Birgit (director) and CASTELEYN Ywein (director) · published on 03-10-2024 · Gazette deed
First establishment
Oudeleeuwenrui 12, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Bharmacy Antwerp | €17,700 | -€12,133 | -66.3% | - |
| Inti-Syrups Deinze | €14,846 | -€2,150 | -249.1% | - |
| Toost Drinks Wichelen | €37,941 | -€11,725 | -21.2% | - |
| Othentique Spirits Rochefort | €7,204 | -€2,812 | 2.5% | - |
| HYPT Antwerp | €46,319 | -€13,135 | -19.3% | - |
| L'ALCHYMISTE Fleurus | €8,061 | -€7,837 | -88.8% | - |
| BB Spirits Seneffe | €27,271 | €828 | 92.8% | - |
These companies have the same main activity as Bharmacy: manufacture of beverages (NACE 11010). They are comparable in size and age: total assets between €7,200 and €46,300, founded between 2022 and 2025.
Official details
Source: KBO- Status
- Active since 01-10-2024Normal situation
- Activity
- Manufacture of beveragesNACE 11010and 5 others
- Establishment unit
- 2.364.537.9202000 Antwerp, since 01-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 09-04-2025
Annual accounts 2025
- -€12,133
- €12,733
- -€11,733
- €17,700
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on Bharmacy
Bharmacy has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€11,733) and a net result of -€12,733.
Its solvency ranks better than 15% of 380 sector peers (NACE 11, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadline-€12,133
-€12,620
-€12,733
-€11,733
-66.3%
0.60
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €17,700 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-66.3%
Higher than 15% of 380 companies in 2025.
0.60
Higher than 25% of 365 companies in 2025.
-71.9%
Lower than 95% of 367 companies in 2025.
Bharmacy
Middle half of the sector
80% of the sector
Micro accounts in beverages (NACE 11)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
17,700 | |
29/58 |
17,700 | |
3 |
1,483 | |
30/36 |
1,483 | |
40/41 |
2,589 | |
40 |
180 | |
41 |
2,409 | |
54/58 |
13,205 | |
490/1 |
423 | |
| Balance sheet: equity and liabilities | ||
10/49 |
17,700 | |
10/15 |
-11,733 | |
10/11 |
1,000 | |
14 |
-12,733 | |
17/49 |
29,433 | |
42/48 |
29,433 | |
44 |
433 | |
440/4 |
433 | |
47/48 |
29,000 | |
| Income statement | ||
9900 |
-12,133 | |
640/8 |
488 | |
9901 |
-12,620 | |
75/76B |
0 | |
75 |
0 | |
65/66B |
113 | |
65 |
113 | |
9903 |
-12,733 | |
9904 |
-12,733 | |
9905 |
-12,733 | |
| Appropriation of the result | ||
9906 |
-12,733 | |
| Document | ||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00378694 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -11,733 | ||
| -66.3% | ||
| 0.60 | ||
| 0.55 | ||
| -71.9% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on Bharmacy
Equity is negative. Debt (€29,433) exceeds the balance-sheet total (€17,700).
Board & ownership
Board
1 director, no change since March 2026- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 03-10-2024
Mandates through the years
3 names, the dashed line is todayBoardEarliermandate already running before its first mentionend not dated
Mandates as a list
- Hagedoren Ben
- Director, since before 31-12-2025
- Casteleyn Ywein
- Director, appointed by deed of 03-10-2024, until 20-03-2026
- HAGEDOREN Benjamin Walter Birgit
- Director, appointed by deed of 03-10-2024, no longer listed in the 2025 annual accounts
Control
This company
Bharmacy
Equity -€11,733
Loss €12,733 in 2025
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- -€117 in 2025
- Source
- deed of 03-10-2024
Articles of association
deed of 03-10-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Salaris, beslist of het mandaat van de bestuurder(s) al dan niet bezoldigd is”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 20:00
Shareholders
At incorporation
deed of 03-10-2024 ↗
- HAGEDOREN Benjamin Walter Birgit 50 shares (50%)
- CASTELEYN Ywein 50 shares (50%)
Network & group
No group
Bharmacy has no parent and no holdings in its annual accounts. Hagedoren Ben is the only director. Bharmacy shares no director with another company.
At the same address
Lodewijk Van Berckenlaan 182, 2140 Antwerp · 4 other companies| Uma Umoja vzw
registered office since 12-03-2023 |
founded in 2023 0799.423.421 |
| El & E Enterprises
registered office since 03-05-2022 |
founded in 2022 0785.668.326 |
| Khan, Najmul (sole trader)
establishment since 01-04-2019 |
founded in 2019 0506.527.367 |
| De Maeyer, Joycie (sole trader)
establishment since 19-11-2018 |
founded in 2017 0669.516.665 |
Timeline
Timeline
5 events since 2024Board
Filings
Establishments
Address
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 1 day before the deadline
Registered office moved from Berchem to BorgerhoutNew registered office: Lodewijk Van Berckenlaan 182 bus 701, 2140 Borgerhout · Previous registered office: Frans Birontlaan 9 bus 1, 2600 Berchem · Resignation: Casteleyn Ywein (director) · General meeting of 20-03-20263 points ▸
- General meeting, 20-03-2026
- Director resignation, Casteleyn Ywein
- Registered-office move, Lodewijk Van Berckenlaan 182 bus 701, 2140 Borgerhout
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1014388980
2024
IncorporationFounding capital of €1,000, 100 shares · Founders: HAGEDOREN Benjamin Walter Birgit and CASTELEYN Ywein · Appointments: HAGEDOREN Benjamin Walter Birgit (director) and CASTELEYN Ywein (director) · published on 03-10-20246 points ▸
- Founder, HAGEDOREN Benjamin Walter Birgit
- Founder, CASTELEYN Ywein
- Founding capital, €1,000, 100 shares
- Director appointment, HAGEDOREN Benjamin Walter Birgit
- Director appointment, CASTELEYN Ywein
- Registered office clause, Frans Birontlaan 9 bus 1, 2600 Berchem
- The deed holds 1 more point.
First establishment Oudeleeuwenrui 12, Antwerp
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 1014.388.980
- VAT number
- BE 1014.388.980
- Peppol ID
- 0208:1014388980
- Other Peppol ID
- 9925:BE1014388980
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 01-10-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 20:00deed of 03-10-2024 (in Dutch)
- Peppol
- Reachable since 09-04-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Bharmacy in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 03-10-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 03-10-2024 (in Dutch)
Activities
NACEBEL 202511010
Manufacture of beverages main activity
11040
Manufacture of beverages
Codes under NACEBEL 2008
11010
Manufacture of beverages main activity
11040
Manufacture of beverages
46349
Wholesale of beverages, general range
47252
Retail trade
47910
Retail trade
72190
Scientific research and development
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Holding activiteiten, omvattende onder meer:; Het door middel van inschrijving, inbreng, fusie, samenwerking, financiële tussenkomst of…”deed of 03-10-2024 (in Dutch)
32 activities
- Holding activiteiten, omvattende onder meer:
- Het door middel van inschrijving, inbreng, fusie, samenwerking, financiële tussenkomst of anderszins verwerven van een belang of deelneming in alle bestaande of nog op te richten bedrijvigheden, vennootschappen of verenigingen in België of in het buitenland zonder onderscheid;
- Het beheren, valoriseren, verkopen, te gelde maken of anderszins vervreemden van deze participaties of belangen;
- Alle financiële transacties en financiële overeenkomsten, behoudens deze activiteiten die wettelijk voorbehouden zijn aan spaar- en depositobanken en aan vennootschappen voor vermogensbeheer en beleggingsadvies;
- Het rechtstreeks of onrechtstreeks deelnemen aan het bestuur, de directie, de controle en vereffening van de vennootschappen waarin zij een belang of deelneming heeft en in het algemeen alle verrichtingen die rechtstreeks of onrechtstreeks, geheel of gedeeltelijk verband houden met de activiteiten van een holding.
- Adviesbureau op het gebied van bedrijfsvoering en beheer waaronder onder meer maar niet uitsluitend het verlenen van advies en praktische hulp aan bedrijven in verband met public relations en communicatie, het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op gebied van onder meer planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, het berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning, organisatie en efficiëntie, het verlenen van adviezen op het gebied van beheer in het algemeen;
- Managementactiviteiten in het algemeen waaronder onder meer het tussenkomen in het dagelijks bestuur en het vertegenwoordigen van bedrijven door onder meer het uitoefenen van mandaten van bestuurder, zaakvoerder, directeur of vereffenaar;
- Studie, organisatie en raadgevend bureau inzake financiële, handels, bedrijfseconomische of sociale aangelegenheden met inbegrip van alle handelingen die verband houden met advies, documentatie en publicatie over juridische, sociale, economische en financiële problemen;
- Groot- en kleinhandel in alcoholische en andere dranken
- Groot- en kleinhandel in wijn en geestrijke dranken
- Ontwikkeling en vervaardiging van huismerken = cocktail op maat voor restaurants, verkoop van recepturen
- Vervaardiging van gedistilleerde dranken voor distilleren, rectificeren, en mengen
- Vervaardiging van andere niet gedistilleerde gegiste dranken
- Detailhandel in dranken in gespecialiseerde winkels, algemeen assortiment
- Kleinhandel in alcoholische en andere dranken, inclusief thuisbezorging ervan.
- Detailhandel in allerlei producten via het internet (e-commerce).
- Andere drinkgelegenheden (bv. ambulante tapwagen)
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen doen en handelsbemiddeling algemeen assortiment;
- De functie van tussenpersoon in de handel en in alle roerende en onroerende verhandelingen;
- Webportalen webshop, gegevensverwerking, webhosting, detailhandel in allerlei producten via het internet, computerconsultancy-activiteiten, activiteiten van systeemintegrators, verwerking van gegevens
- De uitbating van alle horeca en horecagerelateerde bedrijven, waaronder restaurants, cafés, en het verzorgen van catering;
- Het organiseren van feesten, recepties, degustaties, proeverijen en dergelijke meer;
- Eetgelegenheden met volledige bediening; verkoop aan de toog of via telefoon, fax, internet van eetwaren en dranken; Klaarmaken, thuisbezorgen en eventueel serveren van maaltijden en bereide schotels.
- Catering- en traiteurdiensten.
- Opleidingen, organisatie van workshops, events.
- Verkoop en verhuur van accessoires, goederen, gadgets, merchandising-goederen
- Ontwikkeling van software, social-media content, … - met ontvangst van royalty’s
- Ontwikkeling van franchising-concepten op basis van licentievergoedingen.
- Het begeleiden van bedrijven op het gebied van handel, nijverheid en administratie, het verrichten van secretariaatswerkzaamheden, het domiciliëren van bedrijven, het ter beschikking stellen van kantoren, magazijnen en fabricageruimten, het verrichten van voorbereidende studies en adviezen op gebied van management, bedrijfsvoering, economische wetgeving, marketing, export en import, het drukken en uitgeven van studies, rapporten en het verlenen van hulp aan bedrijven in oprichting of bij overname van bestaande bedrijven, zenden en ontvangen van post en meer in het algemeen alles te doen wat de oprichting, de uitbating en het beheer van de bedrijven van nut kan zijn.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen, waaronder ook gronden, en onroerende zakelijke rechten zoals onder meer erfpacht- en opstalrechten en de huurfinanciering van onroerende goederen aan derden, het aankopen en verkopen zowel in volle eigendom als in vruchtgebruik en/of blote eigendom, ruilen, doen bouwen, doen verbouwen, onderhouden, verhuren, huren, verkavelen,
- Prospecteren en uitbaten van onroerende goederen, de aan- en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Lodewijk Van Berckenlaan 182 registered office 2140 Antwerp | |||
| Oudeleeuwenrui 12 2000 Antwerp | 01-10-2024 | 2.364.537.920 | Manufacturer of other drinks Lemonade facturer |
1 former office
- Frans Birontlaan 9 bus 1, 2600 Berchem until 20-03-2026 · deed of 24-06-2026
Buildings and parcels at the addresses
- Ground area
- 2,116 m²
- Buildings
- 359 m²
- Volume, LiDAR
- 6,149 m³
- Tallest building
- 23.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11313B0859/00N016 | 1,943 m² | 1 · 186 m² | 23.7 m · 8 |
| 11802B0111/00B000 | 174 m² | 1 · 173 m² | 17.2 m · 5 |
Recognitions
Food safety, FASFC
1 siteAntwerpunit number 2.364.537.920