Equity
Care4Excellence paid out €120,233 in dividends. That is 141% of the 2025 profit.
Care4Excellence paid out €120,233 in dividends. That is 141% of the 2025 profit.
The micro format states no turnover.
Debts rose by €78,162 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Short-term debts rose from €91,633 to €171,529.
The last five annual accounts were filed 9 to 32 days before the end of the period.
Higher net result than 89% of companies in pharmaceuticals. Sector median €8,736 · 75 companies.
The dashed line is the sector median: 0.4% across 152 companies (NACE 21, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 (NACE 21, micro). It does better than 55% of them on solvency, 24% on liquidity, 94% on profitability and 28% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as Care4Excellence has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of Care4Excellence itself: 0.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Care4Excellence. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.7 (2.65 in 2024), above the usual 1.5. Short-term debt is 55.8% and cash 2.7% of total assets. However, 55.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 21), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Care4Excellence Overijse | €307,250 | €131,173 | 44.2% | - |
| DENTALEX Schilde | €266,453 | €140,550 | 15.3% | - |
| Brussels Medical Center Oostkamp | €272,306 | €237,889 | 5.8% | 4.3 |
| EXEL DENTAL Braine-le-Comte | €383,704 | €145,877 | 24.4% | - |
| Orca Consulting Kapellen | €347,741 | €71,787 | 68.8% | - |
| PHARMA 2424 Charleroi | €550,405 | €195,539 | 55.3% | 1.1 |
| DCVISION Kaprijke | €443,302 | €158,650 | 47.6% | - |
These companies have the same main activity as Care4Excellence: manufacture of basic pharmaceutical products and pharmaceutical preparations (NACE 21209). They are comparable in size and age: total assets between €266,000 and €550,000, founded between 2000 and 2015.
Care4Excellence files the micro format. That format states no turnover. The gross margin rose from €11,196 in 2009 to €131,173 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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