IN2PHARMA
ActiveSummary
IN2PHARMA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69,300 and a net result of €984,888. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 10% of 8113 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency30=
Growth68=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.05 in 2023; short-term debt: 94.6% and cash: 9.8% of total assets), and 94.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8113 sector peers (2024).
NBB · sector comparisonPosition among 8113 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
77 d early
2022
13 d early
2021
138 d early
2020
116 d early
2019
95 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 77 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, abbreviated schema
Equity
€69,300=
2023 · €69,300
Total assets
€1.3m▼ 10.2%
2023 · €1.5m
Net result
€984,888▼ 13.6%
2023 · €1.1m
Working capital
€70,753▲ 4.5%
2023 · €67,712
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€702,507▼ 1.3%€705,751▲ 0.5%€928,727▲ 31.6%€1.1m▲ 20.1%€987,561▼ 11.5%
Net result€699,310above the sector's middle half▼ 1.0%€702,210above the sector's middle half▲ 0.4%€939,127above the sector's middle half▲ 33.7%€1.1mabove the sector's middle half▲ 21.4%€984,888above the sector's middle half▼ 13.6%
Equity€69,300below the sector's middle half=€69,300below the sector's middle half=€69,300below the sector's middle half=€69,300below the sector's middle half=€69,300below the sector's middle half=
Total assets€967,881within the sector's middle half▲ 1.9%€857,036within the sector's middle half▼ 11.5%€1.2mwithin the sector's middle half▲ 39.4%€1.5mwithin the sector's middle half▲ 24.3%€1.3mwithin the sector's middle half▼ 10.2%
Debt€898,581▲ 2.0%€787,736▼ 12.3%€1.1m▲ 42.9%€1.4m▲ 25.8%€1.3m▼ 10.7%
Working capital€68,022within the sector's middle half▼ 1.5%€68,060within the sector's middle half▲ 0.1%€69,300within the sector's middle half▲ 1.8%€67,712within the sector's middle half▼ 2.3%€70,753within the sector's middle half▲ 4.5%
Solvency7.2%below the sector's middle half▼ 0.1pp8.1%below the sector's middle half▲ 0.9pp5.8%below the sector's middle half▼ 2.3pp4.7%below the sector's middle half▼ 1.1pp5.2%below the sector's middle half▲ 0.5pp
Current ratio1.08within the sector's middle half=1.09within the sector's middle half▲ 0.011.06within the sector's middle half▼ 0.021.05within the sector's middle half▼ 0.011.06within the sector's middle half▲ 0.01
Return on assets (ROA)72.3%above the sector's middle half▼ 2.1pp81.9%above the sector's middle half▲ 9.7pp78.6%above the sector's middle half▼ 3.3pp76.7%above the sector's middle half▼ 1.9pp73.8%above the sector's middle half▼ 2.9pp
Staff (FTE)8.2above the sector's middle half▲ 3.8%8.8above the sector's middle half▲ 7.3%8.9above the sector's middle half▲ 1.1%8.6above the sector's middle half▼ 3.4%11.3above the sector's middle half▲ 31.4%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€974 ▼ 38.7%
Current assets
€1.3m ▼ 10.1%
Equity and liabilities €1.3m
Equity
€69,300 =
Debt
€1.3m ▼ 10.7%
Debt's share of the balance-sheet total falls from 95.3% to 94.8%. Debt is lower.
Key figures and ratios
EBITDA
€988,174▼
2023 · €1.1m
Cash flow
€985,502▼
2023 · €1.1m
Debt to equity
18.26▼
2023 · 20.44
Interest coverage
162.99▼
2023 · 417.62
Debt ≤ 1 year
€1.3m▼
2023 · €1.4m
Income taxes
€3,914▼
2023 · €4,646
Staff costs
€851,814▲
2023 · €664,747
A ratio outside any meaningful range has been withheld (balance sheet total €1.3m, equity €69,300).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 535 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 535 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €155 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | €513,108 | €664,747 | €851,814 | ▲ 28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €509 | €649 | €0 | €254 | €614 | ▲ 142% |
| Other operating charges640/8 | - | - | €27,936 | €9,012 | €61,050 | ▲ 577% |
| Non-recurring operating charges66A | - | - | €445 | €0 | €4,987 | - |
| Gross operating margin9900 | €1.2m | €1.3m | €1.5m | €1.8m | €1.9m | ▲ 6.5% |
| Operating profit (loss)9901 | €702,507 | €705,751 | €928,727 | €1.1m | €987,561 | ▼ 11.5% |
| Financial income75/76B | - | - | €13,835 | €31,584 | €7,305 | ▼ 76.9% |
| Recurring financial income75 | €0 | €0 | €13,835 | €31,584 | €7,305 | ▼ 76.9% |
| Financial charges65/66B | - | - | €104 | €2,671 | €6,063 | ▲ 127% |
| Recurring financial charges65 | €142 | €67 | €104 | €2,671 | €6,063 | ▲ 127% |
| Profit (loss) for the period before taxes9903 | €702,366 | €705,684 | €942,458 | €1.1m | €988,802 | ▼ 13.6% |
| Income taxes67/77 | €3,056 | €3,474 | €3,331 | €4,646 | €3,914 | ▼ 15.8% |
| Profit (loss) for the period9904 | €699,310 | €702,210 | €939,127 | €1.1m | €984,888 | ▼ 13.6% |
| Profit (loss) for the period to be appropriated9905 | €699,310 | €702,210 | €939,127 | €1.1m | €984,888 | ▼ 13.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €967,881 | €857,036 | €1.2m | €1.5m | €1.3m | ▼ 10.2% |
| Fixed assets21/28 | €1,278 | €1,240 | €0 | €1,588 | €974 | ▼ 38.7% |
| Tangible fixed assets22/27 | €1,278 | €1,240 | €0 | €1,588 | €974 | ▼ 38.7% |
| Furniture and vehicles24 | - | - | €0 | €1,588 | €974 | ▼ 38.7% |
| Current assets29/58 | €966,602 | €855,796 | €1.2m | €1.5m | €1.3m | ▼ 10.1% |
| Amounts receivable after more than one year29 | - | - | - | €201,343 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | €201,343 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €568,922 | €554,694 | €707,031 | €1.2m | €1.2m | ▲ 1.7% |
| Trade receivables40 | - | - | €578,965 | €576,047 | €518,107 | ▼ 10.1% |
| Other amounts receivable41 | - | - | €128,066 | €604,705 | €683,039 | ▲ 13.0% |
| Cash at bank and in hand54/58 | €397,192 | €300,790 | €484,462 | €101,402 | €130,701 | ▲ 28.9% |
| Deferred charges and accrued income490/1 | - | - | €3,267 | €489 | €1,619 | ▲ 231% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €967,881 | €857,036 | €1.2m | €1.5m | €1.3m | ▼ 10.2% |
| Equity10/15 | €69,300 | €69,300 | €69,300 | €69,300 | €69,300 | = |
| Contributions10/11 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Capital10 | - | - | €63,000 | €63,000 | €63,000 | = |
| Issued capital100 | - | - | €63,000 | €63,000 | €63,000 | = |
| Reserves13 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Non-distributable reserves130/1 | - | - | €6,300 | €6,300 | €6,300 | = |
| Legal reserve130 | - | - | €6,300 | €6,300 | €6,300 | = |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €898,581 | €787,736 | €1.1m | €1.4m | €1.3m | ▼ 10.7% |
| Amounts payable within one year42/48 | €898,581 | €787,736 | €1.1m | €1.4m | €1.3m | ▼ 10.8% |
| Trade debts44 | €68,669 | €20,644 | €47,225 | €119,762 | €88,326 | ▼ 26.2% |
| Suppliers440/4 | - | - | €47,225 | €119,762 | €88,326 | ▼ 26.2% |
| Taxes, remuneration and social security45 | - | - | €124,641 | €149,865 | €183,886 | ▲ 22.7% |
| Taxes450/3 | - | - | €21,946 | €23,277 | €25,081 | ▲ 7.8% |
| Remuneration and social security454/9 | - | - | €102,695 | €126,588 | €158,804 | ▲ 25.4% |
| Other amounts payable47/48 | - | - | €953,594 | €1.1m | €990,501 | ▼ 13.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,427 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €699,310 | €702,210 | €939,127 | €1.1m | €984,888 | ▼ 13.6% |
| + Depreciation and write-downs630 | €509 | €649 | €0 | €254 | €614 | ▲ 142% |
| Operating cash flow (approximation) | €699,819 | €702,859 | €939,127 | €1.1m | €985,502 | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | -€611 | €1,240 | -€1,841 | €0 | ▲ 100% |
| Change in cash | - | -€96,403 | €183,673 | -€383,061 | €29,299 | ▲ 108% |
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
2026
12-02
State Gazette act
RestructuringMerger · Accounting effect · Merger condition8 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Merger condition8 facts ▸
- Board meeting, 15-01-2026
- Merger, sister merger by absorption
- Merger, sister merger by absorption
- Accounting effect, 01-01-2026
- Merger condition, zonder uitreiking van nieuwe aandelen in de Overnemende Vennootschap
- Tax treatment, WIB art. 211 en volgende; BTW art. 11 en 18, paragraaf 3
- Personnel transfer, Het personeel van de Over te Nemen Vennootschappen gaat automatisch en van rechtswege over op de Overnemende Vennootschap met naleving van de voorwaarden en de…
- Real estate, De Over te Nemen Vennootschappen bezitten geen onroerende goederen of onroerende zakelijke rechten in Vlaanderen, Wallonië en/of Brussel.
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.1m ▲21.4%
Operating result €1.1m, net result €1.1m, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kampenhout · 2 establishment units since 2014
Ground area
5,215 m²
Building footprint
2,374 m²
Volume, LiDAR
17,386 m³
2 parcels, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
IN2PHARMA
since 20142.231.419.078
IN2PHARMA
since 20262.388.528.493
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0014/00G002 | Flanders | 3,095 m² | 1 · 2,335 m² | 9.2 m · 2 fl. |
| 23038B0344/00G000 | Flanders | 2,120 m² | 1 · 39 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
2 transactionsTook over:KDT Consulting BV
Took over:Studio Pharma BV
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 285 EUR awarded · 285 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 285 EUR | 285 EUR |
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 39,623 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895730662
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.