INTERPHARM
ActiveSummary
The computed 12-month bankruptcy probability of INTERPHARM is 4.3% (elevated). The 2025 annual accounts show negative equity (-€104,492) and a net result of -€3,030. Equity is shrinking by about 3.2% per year across the filed financial years. The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€104,492
- Loss
- -€3,030
Why 46raises risk1 change of registered office in 24 monthsLoss of €3,030, the second in a row (financial year 2025)No main activity registeredlowers riskSize: total assets €20,778Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 5% on solvency, 6% on liquidity, 9% on profitability and 35% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Reappointment: KEANAN Zalman (director)Legal-form conversion · Capital conversion…
Financials · financial year 2025, micro format
2025 annual accounts filed late (49 days) Filed on 18 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00515985.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €2,698 in 2025 against €3,657 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 6,619 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.5% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.3% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,619 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,370 | €5,336 | €5,336 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €101 | €102 | €109 | €900 | €604 | ▼ 32.8% |
| Gross operating margin9900 | -€3,923 | -€1,349 | -€1,714 | -€2,074 | -€957 | -€814 | -€2,757 | -€2,093 | ▲ 24.1% |
| Operating profit (loss)9901 | -€9,742 | -€7,131 | -€7,497 | -€2,175 | -€1,059 | -€923 | -€3,657 | -€2,698 | ▲ 26.2% |
| Recurring financial income75 | €1 | - | €40 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | - | - | - | €15 | €332 | ▲ 22× |
| Recurring financial charges65 | €0 | - | - | - | - | - | €15 | €332 | ▲ 22× |
| Profit (loss) for the period before taxes9903 | -€9,741 | -€7,131 | -€7,457 | -€2,175 | -€1,059 | -€923 | -€3,672 | -€3,030 | ▲ 17.5% |
| Income taxes67/77 | - | - | - | - | - | - | €1 | - | - |
| Profit (loss) for the period9904 | -€9,741 | -€7,131 | -€7,457 | -€2,175 | -€1,059 | -€923 | -€3,673 | -€3,030 | ▲ 17.5% |
| Profit (loss) for the period to be appropriated9905 | -€9,741 | -€7,131 | -€7,457 | -€2,175 | -€1,059 | -€923 | -€3,673 | -€3,030 | ▲ 17.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €150,650 | €145,554 | €141,173 | €141,509 | €141,698 | €141,856 | €20,628 | €20,778 | ▲ 0.7% |
| Fixed assets21/28 | €111,572 | €106,236 | €100,940 | €100,940 | €100,940 | €100,940 | - | - | - |
| Tangible fixed assets22/27 | €10,632 | €5,296 | - | - | - | - | - | - | - |
| Financial fixed assets28 | €100,940 | €100,940 | €100,940 | €100,940 | €100,940 | €100,940 | - | - | - |
| Current assets29/58 | €39,078 | €39,318 | €40,233 | €40,569 | €40,758 | €40,916 | €20,628 | €20,778 | ▲ 0.7% |
| Amounts receivable within one year40/41 | €35,325 | €35,565 | €36,480 | €36,817 | €37,006 | €37,163 | €20,384 | €20,384 | = |
| Trade receivables40 | - | - | - | €13,196 | €13,196 | €13,196 | - | - | - |
| Other amounts receivable41 | - | - | - | €23,620 | €23,809 | €23,967 | €20,384 | €20,384 | = |
| Cash at bank and in hand54/58 | €3,753 | €3,753 | €3,753 | €3,753 | €3,753 | €3,753 | €243 | €394 | ▲ 61.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €150,650 | €145,554 | €141,173 | €141,509 | €141,698 | €141,856 | €20,628 | €20,778 | ▲ 0.7% |
| Equity10/15 | -€79,045 | -€86,176 | -€93,633 | -€95,808 | -€96,867 | -€97,789 | -€101,462 | -€104,492 | ▼ 3.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €18,760 | €18,760 | €18,760 | €18,760 | €18,760 | €18,760 | €18,760 | €18,760 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €16,900 | €16,900 | €16,900 | €16,900 | €16,900 | = |
| Distributable reserves133 | - | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€104,005 | -€111,136 | -€118,593 | -€120,768 | -€121,827 | -€122,749 | -€126,422 | -€129,452 | ▼ 2.4% |
| Amounts payable17/49 | €229,695 | €231,730 | €234,806 | €237,317 | €238,565 | €239,645 | €122,090 | €125,270 | ▲ 2.6% |
| Amounts payable within one year42/48 | €229,695 | €231,730 | €234,806 | €237,317 | €238,565 | €239,645 | €122,090 | €125,270 | ▲ 2.6% |
| Financial debts43 | - | - | - | €127,397 | €127,397 | €127,397 | €75,392 | €75,000 | ▼ 0.5% |
| Credit institutions430/8 | - | - | - | €127,397 | €127,397 | €127,397 | €75,392 | €75,000 | ▼ 0.5% |
| Trade debts44 | €1,479 | - | - | €1,093 | €1,146 | - | - | €1,276 | - |
| Suppliers440/4 | - | - | - | €1,093 | €1,146 | - | - | €1,276 | - |
| Other amounts payable47/48 | - | - | - | €108,826 | €110,022 | €112,248 | €46,698 | €48,995 | ▲ 4.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,741 | -€7,131 | -€7,457 | -€2,175 | -€1,059 | -€923 | -€3,673 | -€3,030 | ▲ 17.5% |
| + Depreciation and write-downs630 | €5,370 | €5,336 | €5,336 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€4,372 | -€1,795 | -€2,121 | -€2,175 | -€1,059 | -€923 | -€3,673 | -€3,030 | ▲ 17.5% |
| Investment in fixed assets (approximation) | - | €0 | -€40 | €0 | €0 | €0 | - | - | - |
| Change in cash | - | €0 | €0 | €0 | €0 | €0 | -€3,510 | €150 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 18-09-2026 | 2026-00515985 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00442784 |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00365444 |
| 31-12-2022 | micro format | 14-08-2023 | 2023-00327283 |
| 31-12-2021 | micro format | 14-07-2022 | 2022-20186165 |
| 31-12-2020 | micro format | 02-07-2021 | 2021-30500160 |
| 31-12-2019 | micro format | 25-08-2020 | 2020-44300004 |
| 31-12-2018 | micro format | 12-06-2019 | 2019-18000119 |
| 31-12-2017 | micro format | 26-09-2018 | 2018-65700429 |
| 31-12-2016 | micro format | 25-08-2017 | 2017-48500278 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KEANAN Zalman |
|
Owners and capital
Capital and shareholders
- 18-08-2025 Converted to unavailable equity · €18,600
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-08
Gazette deed
Reappointment: KEANAN Zalman (director)Legal-form conversion · Capital conversion · Reserve release13 facts ▸
- General meeting, 03-01-2024
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Other provision, “terminologische wijzigingen” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening”, EUR (deed in Dutch)
- Amendment of the articles
- Capital (2 times)
- Other provision, “other securities” (deed in Dutch)
- Other provision, “coördinatie van de statuten op te maken en te ondertekenen, in overeenstemming met het vorige besluit, en de neerlegging daarvan in de statutendatabank te verzo…” (deed in Dutch)
- Director reappointment, KEANAN Zalman (director)
- Registered-office move, 2018 Antwerpen, Lange Herentalsestraat 120 bus 10
- Other provision, “De vennootschap is eenhoofdig in de zin van artikel 2.8 §4 van het Wetboek van vennootschappen en verenigingen., single shareholder status” (deed in Dutch)
- +1 further fact in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11808H1203/00F005 | Flanders | 2,303 m² | 1 · 315 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Advies en bijstand aan de farmaceutische industrie; Handelsbemiddeling, groot en kleinhandel in diverse chemische producten, in het…” (deed in Dutch)
6 activities (deed in Dutch)
- Advies en bijstand aan de farmaceutische industrie.
- Handelsbemiddeling, groot en kleinhandel in diverse chemische producten, in het bijzonder maar niet uitsluitend chemische basisstoffen die worden gebruikt voor de vervaardiging van farmaceutische producten.
- De vennootschap handelt voor eigen rekening, in consignatie, in commissie, als tussenpersoon of als vertegenwoordiger.
- Zij kan deelnemen of zich op andere wijze interesseren in allerhande vennootschappen, ondernemingen, groeperingen of organisaties.
- Zij mag haar onroerende goederen in hypotheek stellen en al haar andere goederen, met inbegrip van het handelsfonds, in pand stellen en mag aval verlenen voor alle leningen, kredietopeningen en andere verbintenissen zowel voor haarzelf als voor alle derden.
- In algemene regel mag de vennootschap alle financiële, burgerrechtelijke, roerende en onroerende, commerciële en industriële verrichtingen doen, welke in verband staan met haar voorwerp of welke eenvoudig van aard zijn om de verwezenlijking ervan te bevorderen en dit zowel in binnen- als buitenland.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- INTERPHARM
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, eenvoudige beslissing van het bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Vergoeding van de bestuurders, De normale en gerechtvaardigde uitgaven en onkosten, welke de bestuurders en de gedelegeerd en/of dagelijks…” (deed in Dutch)2 more provisions on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- 2 provisions in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Wettelijke interest + 2% per jaar, mogelijk na tweede aangetekend schrijven zonder gevolg” (deed in Dutch)1 more provision on this in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “De aanwending van de jaarlijkse nettowinst wordt bepaald door de algemene vergadering, op voorstel van het bestuursorgaan, waarbij elk…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 16:00
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Benoemd voor een hernieuwbare termijn van drie jaar, controle van de vennootschap” (deed in Dutch)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “De vennootschap kan op elk moment worden ontbonden door beslissing van de algemene vergadering beslissende in de vormen vereist voor de…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding van de vennootschap, om welke reden en op welk ogenblik het ook zij, is/zijn de bestuurder(s) in functie aangewezen als…” (deed in Dutch)