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INPHAR

Active
Public limited companyfounded 200224 yrs activeDorpsstraat(STL) 138, 9980 Sint-Laureins, BelgiumKBO/BCE: BE 0477.970.765
Summary

INPHAR has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,096 and a net result of €174,466. Equity remains stable across the filed fiscal years (±0.2% per year). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+86
Solvency47▼-53
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.28; short-term debt: 78.3% and cash: 16.7% of total assets), and 78.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 24 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
21.7%
Return on assets
43.9%
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 31-08-2026, 31 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 filings
Deviation from the deadline
2025
31 d late
2024
31 d late
2023
15 d early
2022
1 d late
2021
25 d early
2020
81 d late
2019
54 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 23 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 16 July 2002, INPHAR was incorporated.1 Total assets went from EUR 199,962 in 2018 to EUR 397,566 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€86,096▼ 49.8%
2024 · €171,630
Total assets
€397,566▲ 132%
2024 · €171,630
Net result
€174,466
2024 · -€6,846
Working capital
€86,096▼ 48.7%
2023 · €167,881
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€45,963▲ 26.0%-€18,978-€10,689▲ 43.7%-€6,803▲ 36.4%€225,935
Net result€34,142▲ 31.6%-€19,097-€10,723▲ 43.8%-€6,846▲ 36.2%€174,466
Equity€208,296▲ 19.6%€189,199▼ 9.2%€178,476▼ 5.7%€171,630▼ 3.8%€86,096▼ 49.8%
Total assets€253,414▲ 25.3%€197,501▼ 22.1%€178,814▼ 9.5%€171,630▼ 4.0%€397,566▲ 132%
Debt€45,118▲ 52.4%€8,302▼ 81.6%€338▼ 95.9%€311,470
Working capital€196,019▲ 23.2%€176,928▼ 9.7%€167,881▼ 5.1%€86,096
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000Operating result 2021: €45,963€45,963Net result 2021: €34,142€34,142Operating result 2022: -€18,978-€18,978Net result 2022: -€19,097-€19,097Operating result 2023: -€10,689-€10,689Net result 2023: -€10,723-€10,723Operating result 2024: -€6,803-€6,803Net result 2024: -€6,846-€6,846Operating result 2025: €225,935€225,935Net result 2025: €174,466€174,46620212022202320242025-€100,000€0€100,000€200,000Operating result 2023: -€10,689-€10,700Net result 2023: -€10,723-€10,700Operating result 2024: -€6,803-€6,800Net result 2024: -€6,846-€6,850Operating result 2025: €225,935€226,000Net result 2025: €174,466€174,000202320242025
The operating result returns to profit in 2025: €225,935 after a loss of €6,803 in 2024, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €397,566
Equity €86,096
Debt €311,470
Debt finances 78.3% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.28
Debt to equity
3.62
ROE
202.6%▲
2024 · -4.0%
ROA
43.9%▲
2024 · -4.0%
Debt ≤ 1 year
€311,470
Income taxes
€51,470
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,815 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
0.8% went bankrupt
3.8% stopped otherwise
95% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 3,815 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€171,630€397,566▲
Fixed assets21/28€9,912-
Tangible fixed assets22/27€9,912-
Land and buildings22€9,912-
Current assets29/58€161,718€397,566▲
Amounts receivable within one year40/41€88,478€331,199▲
Trade receivables40€88,417€88,417=
Other amounts receivable41€61€242,782▲
Cash at bank and in hand54/58€72,631€66,367▼
Deferred charges and accrued income490/1€609-
Equity and liabilities
Total equity and liabilities10/49€171,630€397,566▲
Equity10/15€171,630€86,096▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€146,296€24,096▼
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€140,096€17,896▼
Profit (loss) carried forward14-€36,667-
Amounts payable17/49-€311,470
Amounts payable within one year42/48-€311,470
Taxes, remuneration and social security45-€51,470
Taxes450/3-€51,470
Other amounts payable47/48-€260,000
Income statement Code20242025
Non-recurring operating income76A-€242,588
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€683-
Other operating charges640/8€1,870€1,534▼
Gross operating margin9900-€4,249€227,469▲
Operating profit (loss)9901-€6,803€225,935▲
Financial income75/76B-€46
Recurring financial income75-€46
Financial charges65/66B€44€45▲
Recurring financial charges65€44€45▲
Profit (loss) for the period before taxes9903-€6,846€225,936▲
Income taxes67/77-€51,470
Profit (loss) for the period9904-€6,846€174,466▲
Profit (loss) for the period to be appropriated9905-€6,846€174,466▲
Appropriation of the result
Profit (loss) to be appropriated9906-€36,667€137,800▲
Profit (loss) brought forward from the previous period14P-€29,820-€36,667▼
Transfer from equity791/2-€122,200
Profit to be distributed694/7-€260,000
Return on contributions (dividend)694-€260,000

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€10,000---€242,588-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,206€1,894€683€683--
Other operating charges640/8€1,947€488€2,156€1,870€1,534▼ 18.0%
Non-recurring operating charges66A-€415€993---
Gross operating margin9900€50,116-€16,180-€6,856-€4,249€227,469▲ 5,453%
Operating profit (loss)9901€45,963-€18,978-€10,689-€6,803€225,935▲ 3,421%
Financial income75/76B€1,260€833€1-€46-
Recurring financial income75€1,260€833€1-€46-
Financial charges65/66B€333€667€36€44€45▲ 3.6%
Recurring financial charges65€333€667€36€44€45▲ 3.6%
Profit (loss) for the period before taxes9903€46,891-€18,812-€10,723-€6,846€225,936▲ 3,400%
Income taxes67/77€12,749€285--€51,470-
Profit (loss) for the period9904€34,142-€19,097-€10,723-€6,846€174,466▲ 2,648%
Profit (loss) for the period to be appropriated9905€34,142-€19,097-€10,723-€6,846€174,466▲ 2,648%
Line20212022202320242025Change
Assets
Total assets20/58€253,414€197,501€178,814€171,630€397,566▲ 132%
Fixed assets21/28€14,580€12,271€10,595€9,912--
Tangible fixed assets22/27€14,580€12,271€10,595€9,912--
Land and buildings22€11,962€11,278€10,595€9,912--
Plant, machinery and equipment23€2,619€993----
Current assets29/58€238,834€185,230€168,219€161,718€397,566▲ 146%
Stocks and contracts in progress3€94,721-----
Stocks30/36€94,721-----
Amounts receivable within one year40/41€87,546€89,997€88,838€88,478€331,199▲ 274%
Trade receivables40€68,469€89,456€88,417€88,417€88,417=
Other amounts receivable41€19,077€541€422€61€242,782▲ 397,838%
Cash at bank and in hand54/58€52,751€93,460€78,866€72,631€66,367▼ 8.6%
Deferred charges and accrued income490/1€3,816€1,773€515€609--
Equity and liabilities
Total equity and liabilities10/49€253,414€197,501€178,814€171,630€397,566▲ 132%
Equity10/15€208,296€189,199€178,476€171,630€86,096▼ 49.8%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€146,296€146,296€146,296€146,296€24,096▼ 83.5%
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Distributable reserves133€140,096€140,096€140,096€140,096€17,896▼ 87.2%
Profit (loss) carried forward14--€19,097-€29,820-€36,667--
Amounts payable17/49€45,118€8,302€338-€311,470-
Amounts payable within one year42/48€42,815€8,302€338-€311,470-
Trade debts44€36,035€944€53---
Suppliers440/4€36,035€944€53---
Taxes, remuneration and social security45€6,780€6,319€285-€51,470-
Taxes450/3€6,780€6,319€285-€51,470-
Other amounts payable47/48-€1,039--€260,000-
Accrued charges and deferred income492/3€2,303-----
Line20212022202320242025Change
Profit (loss) for the period9904€34,142-€19,097-€10,723-€6,846€174,466▲ 2,648%
+ Depreciation and write-downs630€2,206€1,894€683€683--
Operating cash flow (approximation)€36,348-€17,203-€10,040-€6,163€174,466▲ 2,931%
Investment in fixed assets (approximation)-€415€993€0--
Change in cash-€40,710-€14,595-€6,235-€6,264▼ 0.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial Back to profitnet €174,466
Net result €174,466 after 3 loss-making years.
31-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
16-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Liquidity times 22current ratio 497.20
Current ratio from 22.31 to 497.20; short-term debt falls from €8,302 to €338.
01-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
31-12
Financial Weakest financial yearnet -€19,097
Net result drops to -€19,097, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity quadruplescurrent ratio 22.31
Current ratio from 5.58 to 22.31; short-term debt falls from €42,815 to €8,302.
06-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Equity above €200,000Eq €208,296 ▲19.6%
4 profitable years in a row build equity to €208,296.
20-10
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 81 days late
2020
31-12
Financial Liquidity doublescurrent ratio 7.05
Current ratio from 3.32 to 7.05; short-term debt falls from €52,967 to €26,315.
Show earlier events
31-12
Financial Equity above €150,000Eq €174,154 ▲17.5%
3 profitable years in a row build equity to €174,154.
23-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
09-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 40 days late
2018
14-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 45 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 acts for this company are 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, Sint-Laureins · 1 establishment unit since 2002
seat establishment approximate The establishment unit on the map
Ground area
701 m²
Building footprint
245 m²
Volume, LiDAR
1,569 m³
2 parcels, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INPHAR
Dorpsstraat(STL) 102, 9980 Sint-LaureinsRetail trade
since 20022.114.467.069
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43014A0728/02K002 Flanders 512 m² 1 · 245 m² 11.5 m · 2 fl.
43014A0704/00C000indicative Flanders 189 m² - -
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. RYCKAERT-VERSCHOOTE 100%
  2. INPHAR

Highest known parent: RYCKAERT-VERSCHOOTE. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Sint-Laureins2.114.467.069
1 permission
Apotheek (LM>3 maand) · since 01-01-2006

Identification & contact

Identification
Legal formPublic limited company
Founded16-07-2002
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0477970765
Also 9925:BE0477970765
Registered 28-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.