CiGuPhar
The computed 12-month bankruptcy probability of CiGuPhar is 1.8% (moderate). The 2024 annual accounts show equity of €36k and a net result of €31k. Equity is shrinking by ~29.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 35% of 3316 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €36k |
| Net result | €31k |
| Better than sector | 35% |
| Active | 5 yrs |
Mixed profile: strong on profitability, weaker on solvency.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 9.4% | 25.2% | |
| Net result | €31k | €4k | |
| Equity | €36k | €22k | |
| Gross operating margin | €59k | €19k | |
| Total assets | €384k | €105k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €57k |
| Net profit | €31k |
| Cash flow | €45k |
| Staff costs | - |
| Income taxes | €10k |
| Dividends | €106k |
| Total assets | €384k |
| Equity | €36k |
| Debt | €348k |
| of which ≤ 1y | €344k |
| of which > 1y | €4k |
| Working capital | €-8k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.98 |
| Quick ratio | 0.98 |
| Working capital ratio | -2.0% |
| Solvency | 9.4% |
| Debt / equity | 9.69 |
| Long-term debt ratio | 0.12 |
| Interest coverage | 37.70 |
| Gross margin | - |
| Net margin | - |
| ROA | 8.1% |
| ROE | 86.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €384k |
| Fixed assets | 21/28 | €48k |
| Tangible fixed assets | 22/27 | €48k |
| Current assets | 29/58 | €336k |
| Amounts receivable within one year | 40/41 | €226k |
| Cash & bank | 54/58 | €110k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €384k |
| Equity | 10/15 | €36k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €31k |
| Amounts payable | 17/49 | €348k |
| Amounts payable after one year | 17 | €4k |
| Amounts payable within one year | 42/48 | €344k |
| Trade debts payable within one year | 44 | €250k |
| Income statement | ||
| Gross operating margin | 9900 | €59k |
| Operating result | 9901 | €43k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €41k |
| Income taxes | 67/77 | €10k |
| Net result for the period | 9904 | €31k |
| Result to be appropriated | 9905 | €31k |
-
Current25-11-2025 → present
Former directors (1)
-
Former- → 25-11-2025
| NACE primary | Wholesale trade(46450) |
| Legal form | Private limited company(610) |
| Incorporation | 11-05-2021 |
| Status | Active |
| Postal code | 1480 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105A0515/00C000 | Wallonia | 6.3 ha | - | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
06-01-2026 Registered office moved from Denderleeuw to Tubize
- Spruitjeshof 2, 9472 Denderleeuw → Rue François Englert 10, 1480 Tubize
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Tubize",
"region": "Waals",
"street": "Rue Fran\u00E7ois Englert",
"country": "BE",
"postcode": "1480",
"box_number": null,
"street_number": "10"
},
"old_address": {
"city": "Denderleeuw",
"region": "Waals",
"street": "Spruitjeshof",
"country": "BE",
"postcode": "9472",
"box_number": null,
"street_number": "2"
},
"effective_date": "2025-09-03",
"evidence_quote": "De zetel wordt verplaatst van 9472 Denderleeuw, Spruitjeshof 2 naar 1480 Tubize, Rue Fran\u00E7ois Englert 10."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0768.329.971",
"name_full": "CIGUPHAR",
"legal_form": "BV"
}
}25-11-2025 1 director appointed, 1 resigning
- Favoreel Sebastiaan, Bestuurder
- MEDICAZU CONSULTING & CONCEPT, Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "MEDICAZU CONSULTING \u0026 CONCEPT",
"address": null,
"birth_date": null
},
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction du g\u00E9rant actuel, mentionn\u00E9 ci-apr\u00E8s: - La soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e \u003C\u003C MEDICAZU CONSULTING \u0026 CONCEPT \u00BB, dont le si\u00E8ge social est situ\u00E9 \u00E0 9472 Iddergem (Denderleeuw), Spruitjeshof 2, num\u00E9ro d\u0027entreprise 0541.715.405, repr\u00E9sent\u00E9e \u00E0 son to",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Favoreel Sebastiaan",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0765522317",
"name": "COSMEX",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "Est appel\u00E9 aux fonctions d\u0027administrateur non statutaire pour une dur\u00E9e illimit\u00E9e: - La soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e \u003C COSMEX \u00BB, dont le si\u00E8ge social est situ\u00E9 \u00E0 1480 Tubize, Rue Fran\u00E7ois Englert 10, TVA BE0765.522.317, registre des personnes morales Brabant wallon division Nivelles, ici repr\u00E9se"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0768.329.971",
"name_full": "CIGUPHAR",
"legal_form": "BV"
}
}14-05-2021 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "Spruitjeshof 2, 9472 Iddergem",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1984-12-17",
"name": "Sebastiaan FAVOREEL",
"niss": null,
"address": "Spruitjeshof 2, 9472 Denderleeuw (Iddergem)"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 5000,
"holder_person_name": "Sebastiaan FAVOREEL",
"is_subscriber_only": true,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 5000,
"subject_company": {
"kbo": "0768.329.971",
"name_full": "CiGuPhar",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2021-05-10",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | CiGuPhar |