Financials
- Fiscal year
- 2025
- Total assets
- €67,062
- Profit
- €7,505
- Solvency
- 21.0%
Total assets▼ 22.0%
Net result
20182025
CIRBA
ActiveSummary
CIRBA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,096 and a net result of €7,505. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 34% of 12348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Activity
Wholesale of pharmaceutical and medical goods
NACE 46460
1 site
Size
€67,062total assets 2025
- Equity
- €14,096
- Profit
- €7,505
Structure
Accounts filed 49 d late0 of 6 deeds read
Why 67- Latest accounts 49 days late; 3 of the last 3 late- Equity €14,096 (21.0% of total assets)+ Founded in 2005Show the evidence
Checked score
Score 2025
67
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 27% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
46-20
equity 21.0% of total assets
Liquidity
23+2
short-term debt 79.0% · cash 13.3%
Profitability
65-14
return on assets 11.2%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 11 months
12-2025: 1.1%
01-2026: 1.0%▼ -1.6% vs 12-2025
02-2026: 1.0%● 0.0% vs 01-2026
03-2026: 1.0%▼ -1.5% vs 02-2026
04-2026: 1.0%▲ +0.5% vs 03-2026
05-2026: 1.0%▼ -2.1% vs 04-2026
06-2026: 1.0%▼ -2.3% vs 05-2026
07-2026: 1.0%▲ +3.1% vs 06-2026
08-2026: 1.6%▲ +57.8% vs 07-2026
09-2026: 1.7%▲ +9.5% vs 08-2026highest value
10-2026: 0.8%▼ -55.6% vs 09-2026lowest value
- Latest accounts 49 days late; 3 of the last 3 late raises the probability
- Founded in 2005 lowers the probability for this profile
- Equity €14,096 (21.0% of total assets) raises the probability
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.16 in 2024; short-term debt: 79% and cash: 13.3% of total assets), and 79% of the assets are financed with debt.
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 46, micro). Better than this share of them on solvency 32%, liquidity 22%, profitability 48%, growth against the median 8%. 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 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
49 d late
2024
47 d late
2023
62 d late
2022
52 d late
2021
75 d late
2020
61 d late
2019
106 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 65 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 21 September (5 of the last 5 filed years within 30 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…
- Highest result since 2018net €7,505 ▲6.9%
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 18-09-2026Annual accounts filed
- 31-12-2025Highest result since 2018
- 16-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale of pharmaceutical and medical goodsNACE 46460
- Founded
- 18-11-2005
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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