Certipharm
ActiveSummary
Certipharm has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €92k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 63% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency90▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.85 against 15.32 in 2024; short-term debt: 34.7% and cash: 86.8% of total assets), and 34.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.3%
Return on assets
58.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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
14 d late
2024
18 d late
2023
156 d early
2022
on the day
2021
5 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€103k▲ 68.2%
2024 · €61k
2021: €116k
2022: €193k▲ +66.7% vs 2021
2023: €296k▲ +53.7% vs 2022highest in 5 years
2024: €61k▼ -79.4% vs 2023lowest in 5 years
2025: €103k▲ +68.2% vs 2024
2021 → 2025
Total assets
€157k▲ 141%
2024 · €65k
2021: €138k
2022: €211k▲ +53.0% vs 2021
2023: €317k▲ +50.3% vs 2022highest in 5 years
2024: €65k▼ -79.4% vs 2023lowest in 5 years
2025: €157k▲ +141% vs 2024
2021 → 2025
Net result
€92k▲ 55.1%
2024 · €59k
2021: €114khighest in 5 years
2022: €77k▼ -32.2% vs 2021
2023: €104k▲ +35.5% vs 2022
2024: €59k▼ -43.4% vs 2023lowest in 5 years
2025: €92k▲ +55.1% vs 2024
2021 → 2025
Working capital
€101k▲ 69.3%
2024 · €60k
2021: €103k
2022: €185k▲ +79.4% vs 2021
2023: €294k▲ +58.5% vs 2022highest in 5 years
2024: €60k▼ -79.7% vs 2023lowest in 5 years
2025: €101k▲ +69.3% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€116k-€193k▲ 66.7%€296k▲ 53.7%€61k▼ 79.4%€103k▲ 68.2%
2021: €116k
2022: €193k▲ +66.7% vs 2021
2023: €296k▲ +53.7% vs 2022highest in 5 years
2024: €61k▼ -79.4% vs 2023lowest in 5 years
2025: €103k▲ +68.2% vs 2024
Operating result€146k-€97k▼ 33.1%€134k▲ 37.2%€84k▼ 37.1%€123k▲ 46.4%
2021: €146khighest in 5 years
2022: €97k▼ -33.1% vs 2021
2023: €134k▲ +37.2% vs 2022
2024: €84k▼ -37.1% vs 2023lowest in 5 years
2025: €123k▲ +46.4% vs 2024
Net result€114k-€77k▼ 32.2%€104k▲ 35.5%€59k▼ 43.4%€92k▲ 55.1%
2021: €114khighest in 5 years
2022: €77k▼ -32.2% vs 2021
2023: €104k▲ +35.5% vs 2022
2024: €59k▼ -43.4% vs 2023lowest in 5 years
2025: €92k▲ +55.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 46% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157k
Fixed assets
€2k ▲ 23.7%
Current assets
€156k ▲ 144%
Equity and liabilities €157k
Equity
€103k ▲ 68.2%
Debt
€55k ▲ 1,210%
Debt's share of the balance-sheet total rises from 6.4% to 34.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€124k▲
2024 · €85k
Cash flow
€92k▲
2024 · €60k
Current ratio
2.85▼
2024 · 15.32
Debt to equity
0.53▲
2024 · 0.07
ROE
89.2%▼
2024 · 96.7%
ROA
58.3%▼
2024 · 90.6%
Interest coverage
1758.42▲
2024 · 1152.78
Debt ≤ 1 year
€55k▲
2024 · €4k
Income taxes
€32k▲
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€65k€157k▲
Fixed assets21/28€1k€2k▲
Tangible fixed assets22/27€1k€2k▲
Furniture and vehicles24€1k€2k▲
Current assets29/58€64k€156k▲
Amounts receivable within one year40/41€16k€19k▲
Trade receivables40€16k€19k▲
Cash at bank and in hand54/58€47k€137k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€65k€157k▲
Equity10/15€61k€103k▲
Contributions10/11€2k€2k=
Reserves13€59k€101k▲
Distributable reserves133€59k€101k▲
Amounts payable17/49€4k€55k▲
Amounts payable within one year42/48€4k€55k▲
Trade debts44-€127
Suppliers440/4-€127
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€4k€4k▼
Other amounts payable47/48€179€51k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€529€529=
Other operating charges640/8€906€776▼
Gross operating margin9900€86k€125k▲
Operating profit (loss)9901€84k€123k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€73€70▼
Recurring financial charges65€73€70▼
Profit (loss) for the period before taxes9903€84k€123k▲
Income taxes67/77€25k€32k▲
Profit (loss) for the period9904€59k€92k▲
Profit (loss) for the period to be appropriated9905€59k€92k▲
Appropriation of the result
Profit (loss) to be appropriated9906€59k€92k▲
Transfer from equity791/2€294k-
Transfer to equity691/2€59k€42k▼
To other reserves6921€59k€42k▼
Profit to be distributed694/7€294k€50k▼
Return on contributions (dividend)694€294k€50k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €8k | €5k | €529 | €529 | = |
| Other operating charges640/8 | €101 | €164 | €172 | €906 | €776 | ▼ 14.3% |
| Gross operating margin9900 | €151k | €105k | €139k | €86k | €125k | ▲ 45.5% |
| Operating profit (loss)9901 | €146k | €97k | €134k | €84k | €123k | ▲ 46.4% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €74 | €69 | €69 | €73 | €70 | ▼ 4.2% |
| Recurring financial charges65 | €74 | €69 | €69 | €73 | €70 | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €146k | €97k | €134k | €84k | €123k | ▲ 46.5% |
| Income taxes67/77 | €32k | €20k | €29k | €25k | €32k | ▲ 26.0% |
| Profit (loss) for the period9904 | €114k | €77k | €104k | €59k | €92k | ▲ 55.1% |
| Profit (loss) for the period to be appropriated9905 | €114k | €77k | €104k | €59k | €92k | ▲ 55.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138k | €211k | €317k | €65k | €157k | ▲ 141% |
| Fixed assets21/28 | €12k | €7k | €2k | €1k | €2k | ▲ 23.7% |
| Tangible fixed assets22/27 | €12k | €7k | €2k | €1k | €2k | ▲ 23.7% |
| Furniture and vehicles24 | €12k | €7k | €2k | €1k | €2k | ▲ 23.7% |
| Current assets29/58 | €126k | €204k | €316k | €64k | €156k | ▲ 144% |
| Amounts receivable within one year40/41 | €13k | €13k | €44k | €16k | €19k | ▲ 22.0% |
| Trade receivables40 | €13k | €8k | €44k | €16k | €19k | ▲ 22.0% |
| Other amounts receivable41 | - | €5k | €0 | - | - | - |
| Cash at bank and in hand54/58 | €113k | €191k | €271k | €47k | €137k | ▲ 191% |
| Deferred charges and accrued income490/1 | - | €978 | €767 | €1k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138k | €211k | €317k | €65k | €157k | ▲ 141% |
| Equity10/15 | €116k | €193k | €296k | €61k | €103k | ▲ 68.2% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | €114k | €191k | €294k | €59k | €101k | ▲ 70.5% |
| Distributable reserves133 | €114k | €191k | €294k | €59k | €101k | ▲ 70.5% |
| Profit (loss) carried forward14 | - | - | €0 | - | - | - |
| Amounts payable17/49 | €22k | €19k | €22k | €4k | €55k | ▲ 1,210% |
| Amounts payable within one year42/48 | €22k | €19k | €22k | €4k | €55k | ▲ 1,210% |
| Trade debts44 | €1k | €2k | €487 | - | €127 | - |
| Suppliers440/4 | €1k | €2k | €487 | - | €127 | - |
| Taxes, remuneration and social security45 | €21k | €16k | €20k | €4k | €4k | ▼ 9.9% |
| Taxes450/3 | €21k | €16k | €20k | €4k | €4k | ▼ 9.9% |
| Other amounts payable47/48 | €665 | €514 | €1k | €179 | €51k | ▲ 28,314% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €114k | €77k | €104k | €59k | €92k | ▲ 55.1% |
| + Depreciation and write-downs630 | €5k | €8k | €5k | €529 | €529 | = |
| Operating cash flow (approximation) | €118k | €85k | €110k | €60k | €92k | ▲ 54.6% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €0 | €-869 | - |
| Change in cash | - | €78k | €80k | €-224k | €90k | ▲ 140% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Equity above €100kEq €103k ▲68.2%
5 profitable years in a row build equity to €103k.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €59k ▼43.4%
Net result drops to €59k, the lowest in the series; recovery starts the following year.
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €296k ▲53.7%
3 profitable years in a row build equity to €296k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €193k ▲66.7%
2 profitable years in a row build equity to €193k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Vorselaar · 1 establishment unit since 2020
Ground area
3,260 m²
Building footprint
247 m²
Volume, LiDAR
93 m³
Parcel 13044C0551/00F002, Flanders · tallest building 6.4 m. Linked by address, not a title deed.
1 establishment unit
Certipharm
since 20202.307.848.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13044C0551/00F002 | Flanders | 3,260 m² | 1 · 247 m² | 6.4 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 7,196 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.