DERMOPHYSIO
ActiveSummary
DERMOPHYSIO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €282k and a net result of €31k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 1059 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+1
Solvency61▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.28 in 2024; short-term debt: 25.1% of total assets), and 63.8% 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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
36.2%
Return on assets
4%
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 11-08-2026, 11 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
11 d late
2024
32 d late
2023
30 d late
2022
227 d late
2021
345 d late
2020
2 d early
2019
13 d late
← 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, abbreviated schema
Equity
€282k▲ 12.4%
2024 · €251k
2018: €166k
2019: €160k▼ -3.5% vs 2018lowest in 8 years
2020: €173k▲ +7.9% vs 2019
2021: €189k▲ +9.3% vs 2020
2022: €210k▲ +11.4% vs 2021
2023: €220k▲ +4.5% vs 2022
2024: €251k▲ +14.2% vs 2023
2025: €282k▲ +12.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€778k▼ 9.0%
2024 · €855k
2018: €709klowest in 8 years
2019: €1.06M▲ +49.4% vs 2018highest in 8 years
2020: €981k▼ -7.4% vs 2019
2021: €906k▼ -7.6% vs 2020
2022: €916k▲ +1.2% vs 2021
2023: €817k▼ -10.9% vs 2022
2024: €855k▲ +4.7% vs 2023
2025: €778k▼ -9.0% vs 2024
2018 → 2025
Net result
€31k▼ 0.4%
2024 · €31k
2018: €51khighest in 8 years
2019: €-6k▼ -111% vs 2018lowest in 8 years
2020: €13k▲ +317% vs 2019
2021: €16k▲ +27.1% vs 2020
2022: €21k▲ +33.6% vs 2021
2023: €9k▼ -55.9% vs 2022
2024: €31k▲ +230% vs 2023
2025: €31k▼ -0.4% vs 2024
2018 → 2025
Working capital
€-158k▲ 3.8%
2024 · €-164k
2018: €-34khighest in 8 years
2019: €-301k▼ -795% vs 2018lowest in 8 years
2020: €-150k▲ +50.2% vs 2019
2021: €-118k▲ +20.9% vs 2020
2022: €-85k▲ +28.1% vs 2021
2023: €-66k▲ +22.1% vs 2022
2024: €-164k▼ -147% vs 2023
2025: €-158k▲ +3.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€189k-€210k▲ 11.4%€220k▲ 4.5%€251k▲ 14.2%€282k▲ 12.4%
2021: €189klowest in 5 years
2022: €210k▲ +11.4% vs 2021
2023: €220k▲ +4.5% vs 2022
2024: €251k▲ +14.2% vs 2023
2025: €282k▲ +12.4% vs 2024highest in 5 years
Operating result€35k-€45k▲ 28.1%€32k▼ 28.4%€62k▲ 93.0%€56k▼ 9.7%
2021: €35k
2022: €45k▲ +28.1% vs 2021
2023: €32k▼ -28.4% vs 2022lowest in 5 years
2024: €62k▲ +93.0% vs 2023highest in 5 years
2025: €56k▼ -9.7% vs 2024
Net result€16k-€21k▲ 33.6%€9k▼ 55.9%€31k▲ 230%€31k▼ 0.4%
2021: €16k
2022: €21k▲ +33.6% vs 2021
2023: €9k▼ -55.9% vs 2022lowest in 5 years
2024: €31k▲ +230% vs 2023highest in 5 years
2025: €31k▼ -0.4% vs 2024
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 falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €778k
Fixed assets
€741k ▼ 6.3%
Current assets
€37k ▼ 42.2%
Equity and liabilities €778k
Equity
€282k ▲ 12.4%
Debt
€496k ▼ 17.9%
Debt's share of the balance-sheet total falls from 70.7% to 63.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€127k▼
2024 · €141k
Cash flow
€103k▼
2024 · €111k
Current ratio
0.19▼
2024 · 0.28
Debt to equity
1.76▼
2024 · 2.41
ROE
11.0%▼
2024 · 12.5%
ROA
4.0%▲
2024 · 3.7%
Interest coverage
7.78▲
2024 · 7.78
Debt ≤ 1 year
€195k▼
2024 · €229k
Debt > 1 year
€301k▼
2024 · €375k
Income taxes
€8k▼
2024 · €13k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€855k€778k▼
Fixed assets21/28€790k€741k▼
Tangible fixed assets22/27€790k€741k▼
Land and buildings22€302k€289k▼
Plant, machinery and equipment23€332k€327k▼
Furniture and vehicles24€10k€8k▼
Other tangible fixed assets26€147k€117k▼
Financial fixed assets28€30€30=
Current assets29/58€65k€37k▼
Amounts receivable within one year40/41€54k€37k▼
Other amounts receivable41€54k€37k▼
Cash at bank and in hand54/58€10k-
Equity and liabilities
Total equity and liabilities10/49€855k€778k▼
Equity10/15€251k€282k▲
Contributions10/11€18k€18k=
Capital10€18k€18k=
Issued capital100€19k€19k=
Uncalled capital101€400€400=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€231k€262k▲
Amounts payable17/49€604k€496k▼
Amounts payable after more than one year17€375k€301k▼
Financial debts170/4€375k€301k▼
Amounts payable within one year42/48€229k€195k▼
Current portion of amounts payable after more than one year42€98k€75k▼
Financial debts43-€16k
Credit institutions430/8-€16k
Trade debts44€91k€60k▼
Suppliers440/4€91k€60k▼
Taxes, remuneration and social security45€37k€45k▲
Taxes450/3€37k€45k▲
Other amounts payable47/48€3k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€72k▼
Other operating charges640/8€4k€7k▲
Gross operating margin9900€145k€134k▼
Operating profit (loss)9901€62k€56k▼
Financial income75/76B€63€4▼
Recurring financial income75€63€4▼
Financial charges65/66B€18k€16k▼
Recurring financial charges65€18k€16k▼
Profit (loss) for the period before taxes9903€44k€40k▼
Income taxes67/77€13k€8k▼
Profit (loss) for the period9904€31k€31k▼
Profit (loss) for the period to be appropriated9905€31k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€231k€262k▲
Profit (loss) brought forward from the previous period14P€199k€231k▲
The notes to these accounts (6 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 | €142k | €103k | €121k | €79k | €72k | ▼ 9.9% |
| Other operating charges640/8 | €3k | €3k | €4k | €4k | €7k | ▲ 83.0% |
| Gross operating margin9900 | €180k | €151k | €156k | €145k | €134k | ▼ 7.5% |
| Operating profit (loss)9901 | €35k | €45k | €32k | €62k | €56k | ▼ 9.7% |
| Financial income75/76B | €0 | €1k | €99 | €63 | €4 | ▼ 93.9% |
| Recurring financial income75 | €0 | €1k | €99 | €63 | €4 | ▼ 93.9% |
| Financial charges65/66B | €24k | €17k | €19k | €18k | €16k | ▼ 9.9% |
| Recurring financial charges65 | €24k | €17k | €19k | €18k | €16k | ▼ 9.9% |
| Profit (loss) for the period before taxes9903 | €11k | €29k | €14k | €44k | €40k | ▼ 9.8% |
| Income taxes67/77 | €-5k | €8k | €4k | €13k | €8k | ▼ 33.0% |
| Profit (loss) for the period9904 | €16k | €21k | €9k | €31k | €31k | ▼ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €16k | €21k | €9k | €31k | €31k | ▼ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €906k | €916k | €817k | €855k | €778k | ▼ 9.0% |
| Fixed assets21/28 | €830k | €810k | €699k | €790k | €741k | ▼ 6.3% |
| Tangible fixed assets22/27 | €830k | €810k | €699k | €790k | €741k | ▼ 6.3% |
| Land and buildings22 | €342k | €329k | €316k | €302k | €289k | ▼ 4.4% |
| Plant, machinery and equipment23 | €228k | €257k | €195k | €332k | €327k | ▼ 1.5% |
| Furniture and vehicles24 | €24k | €23k | €12k | €10k | €8k | ▼ 16.3% |
| Leasing and similar rights25 | €7k | €4k | - | - | - | - |
| Other tangible fixed assets26 | €228k | €198k | €177k | €147k | €117k | ▼ 20.3% |
| Financial fixed assets28 | €30 | €30 | €30 | €30 | €30 | = |
| Current assets29/58 | €76k | €106k | €117k | €65k | €37k | ▼ 42.2% |
| Amounts receivable within one year40/41 | €69k | €106k | €117k | €54k | €37k | ▼ 31.2% |
| Trade receivables40 | €39k | €53k | €52k | - | - | - |
| Other amounts receivable41 | €30k | €53k | €65k | €54k | €37k | ▼ 31.2% |
| Cash at bank and in hand54/58 | €6k | - | - | €10k | - | - |
| Deferred charges and accrued income490/1 | €905 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €906k | €916k | €817k | €855k | €778k | ▼ 9.0% |
| Equity10/15 | €189k | €210k | €220k | €251k | €282k | ▲ 12.4% |
| Contributions10/11 | €18k | €18k | €18k | €18k | €18k | = |
| Capital10 | €18k | €18k | €18k | €18k | €18k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | €400 | €400 | €400 | €400 | €400 | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €169k | €190k | €199k | €231k | €262k | ▲ 13.5% |
| Amounts payable17/49 | €717k | €706k | €597k | €604k | €496k | ▼ 17.9% |
| Amounts payable after more than one year17 | €523k | €515k | €413k | €375k | €301k | ▼ 19.9% |
| Financial debts170/4 | €523k | €515k | €413k | €375k | €301k | ▼ 19.9% |
| Amounts payable within one year42/48 | €194k | €191k | €184k | €229k | €195k | ▼ 14.6% |
| Current portion of amounts payable after more than one year42 | €170k | €119k | €102k | €98k | €75k | ▼ 24.2% |
| Financial debts43 | - | €35k | €21k | - | €16k | - |
| Credit institutions430/8 | - | €35k | €21k | - | €16k | - |
| Trade debts44 | €10k | €10k | €34k | €91k | €60k | ▼ 33.6% |
| Suppliers440/4 | €10k | €10k | €34k | €91k | €60k | ▼ 33.6% |
| Taxes, remuneration and social security45 | €12k | €25k | €24k | €37k | €45k | ▲ 23.0% |
| Taxes450/3 | €12k | €25k | €24k | €37k | €45k | ▲ 23.0% |
| Other amounts payable47/48 | €3k | €3k | €3k | €3k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €21k | €9k | €31k | €31k | ▼ 0.4% |
| + Depreciation and write-downs630 | €142k | €103k | €121k | €79k | €72k | ▼ 9.9% |
| Operating cash flow (approximation) | €158k | €124k | €130k | €111k | €103k | ▼ 7.2% |
| Investment in fixed assets (approximation) | - | €-83k | €-10k | €-170k | €-22k | ▲ 87.2% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 227 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 345 days late
2022
31-12
Financial
Equity above €200kEq €210k ▲11.4%
3 profitable years in a row build equity to €210k.
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 64 days late
2017
23-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 115 days late
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, Etterbeek · 1 establishment unit since 2003
Ground area
239 m²
Building footprint
129 m²
Volume, LiDAR
1,488 m³
Parcel 21005A0582/00V000, Brussels · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DERMOPHYSIO
since 20032.135.058.387
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0582/00V000 | Brussels | 239 m² | 1 · 128 m² | 20.4 m · 5 fl. |
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 6,709 companies in sector 96230 we hold annual accounts for 627. 347 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 (pre-2019)
Founded14-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
Scores and ratios are computed by Checked and are not a credit decision.