Equity
€453,740 from €1.8m in 2023
Equity fell by 75% in 2 years.
NUTRIPHYT
Lifetime
19 annual accounts with figures on one time axis, 22 filings since 2004peak €2.4m (2025)
€2.4m▲ 65.2%
lowest -€1.1m (2025)
-€1.1m▼ €786,711
peak €1.8m (2023)
€453,740▼ 70.3%
€4.7m▲ 2.4%
peak 22.3 FTE (2025)
22.3 FTE▲ 32.7%
Board15 names since 2021all names
4 directorsERUDITE and 3 others
Owners2 names in the annual accounts
100%Erudite.Health
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Gross margin from €1.4m to €2.4mLoss of €1.1mStaff from 16.8 FTE to 22.3 FTE1 director appointed, 2 resignations 04-08Appointment: Erudite BV (managing director) 29-01Equity from €1.5m to €453,740
Key points
from the 2025 annual accountsLosses
-€1.4m in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€4.7m 91% of the balance sheet
Financial debts 51%Suppliers 9%Taxes and wages 7%Other 34%
€2.8m of the debts are secured on the company's own assets. In 2021 that was €900,000.
Investments
€554,907 2.1 × depreciation
Green is investment, beige is depreciation.
Staff
21 employees on 31-12-2025
In 2025, 8 people joined and 5 left.
Position in the sector
-€1.1m
Lower net result than 95% of companies in wholesale trade. Sector median €110,308 · 6,122 companies.
Net result -275%: merger
Checked score
48
Fair
Financially stronger than 15% of small companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,375 companies (NACE 46, small).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%▲ +0.4 percentage points vs 07-2025
09-2025: 1.0%▲ +0.2 percentage points vs 08-2025
10-2025: 0.6%▼ -0.4 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 1.3%▲ +0.6 percentage points vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 3.2%▲ +1.9 percentage points vs 06-2026highest value
08-2026: 3.2%● unchanged vs 07-2026highest value
09-2026: 3.2%● unchanged vs 08-2026highest value
10-2026: 3.2%● unchanged vs 09-2026highest value
11-2026: 3.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €1.1m, the second in a row (financial year 2025)
Liquidity: current ratio 0.98, cash €153,015
Equity €453,740 (8.8% of total assets)
1 change of registered office in 24 months
Calculation
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 46, small). It does better than 11% of them on solvency, 33% on liquidity, 13% on profitability and 3% on growth.
The bankruptcy probability was computed on 06-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 175 companies had the same profile as NUTRIPHYT has now. Each dot is one company, two years later.
85.1%
were still trading
8.6%
stopped another way
5.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NUTRIPHYT itself: 3.2% within 12 months.
Test of the method
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 175 companies, not a prediction for NUTRIPHYT. 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.
Credit verdict
Credit of up to €21,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.98 (1.17 in 2024), below 1. Short-term debt is 44.7% and cash 3% of total assets. 91.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1.1m
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 6189 sector peers (2025).
NBB · sector comparisonPosition among 6189 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
29 days late
2023
84 days early
2022
28 days early
2021
53 days early
2020
38 days early
2019
73 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 51 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BL
BV Lucalot
Director, Filip Meire, since 11-07-2025
- Erudite.Health 100%score 88equity €21.0m (2025) · 30-09-2025 annual accounts of Erudite.Health
- Pure Lynn 11.67%score 93equity €281,304 (2025) · 2024 annual accounts of Pure Lynn
Shares in 1 company, Nutriphyt Nederland BV
Board & ownershipRecent changes
Registered office moved from Beernem to Ghent
New registered office: Kortrijksesteenweg 1084/0204, 9051 Gent · Previous registered office: Industriepark Oost 30, 8730 Beernem · Permanent representative: Louis Declerck · Board meeting of 22-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0478698859
1 director appointed, 2 resignations
Resignations: BV Pure Lynn (day-to-day manager) and Hadewijch Devriendt · Permanent representatives: Herlinde Devriendt and Filip Meire · Appointment: BV Lucalot (class B director) · Board meeting of 16-07-2025 · Gazette deed
Appointment: Erudite BV (managing director)
Permanent representative: Louis Declerck · Board meeting of 27-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NUTRIPHYT Ghent | €5.1m | €2.4m | 8.8% | 22.3 |
| M.D.H. FOOD SERVICE Sint-Pieters-Leeuw | €5.1m | €2.6m | 37.0% | 28.5 |
| I.D. PHAR Haaltert | €4.8m | €3.0m | 50.7% | 17.8 |
| SORIA BEL Ichtegem | €3.1m | €2.0m | 38.6% | 21.8 |
| BEYCO Houthalen-Helchteren | €4.3m | €1.8m | 55.2% | 21.9 |
| DAMI Heist-op-den-Berg | €3.0m | €1.8m | 39.9% | 20.3 |
| GÜLCAN HORECA Mol | €7.5m | €2.8m | 80.3% | 19.5 |
These companies have the same main activity as NUTRIPHYT: wholesale of other food products (NACE 46389). They are comparable in size and age: total assets between €3m and €7.5m, founded between 1994 and 2009.
Official details
Source: KBO- Status
- Active since 30-10-2002Normal situation
- Registered office
- 17 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Wholesale of other food productsNACE 46389
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.115.610.0859051 Ghent, since 18-11-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 26-09-2025
Annual accounts 2025
- ≈ €10.0mestimated
- €5.1m▼ 15.8%
- Employeeson 31-12-2025
- 21▲ 16.7%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on NUTRIPHYT
NUTRIPHYT has existed since 2002. The gross margin grew from €330,041 in 2007 to €2.4m in 2025 and staff from 5.8 to 22.3 full-time equivalents.
Solvency fell in 2025 from 25.1% to 8.8% because of the loss and higher debts to suppliers.
Erudite.Health holds all the shares. In January 2025, the Official Gazette published the appointment of ERUDITE as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NUTRIPHYT
- What is the company number of NUTRIPHYT?
- The company number of NUTRIPHYT is 0478.698.859. The VAT number is the same number with BE in front: BE 0478.698.859.
- Where is NUTRIPHYT based?
- The registered office is at Kortrijksesteenweg 1084, 9051 Ghent.Company details
- What does NUTRIPHYT do?
- According to the KBO register, the main activity is wholesale of other food products (NACE 46389).
- What is the legal form of NUTRIPHYT?
- NUTRIPHYT is a public limited company (NV).
- When was NUTRIPHYT founded?
- NUTRIPHYT was founded on 30-10-2002.
- Is NUTRIPHYT still active?
- Yes, NUTRIPHYT is an active enterprise in the KBO register.
- How many employees does NUTRIPHYT have?
- NUTRIPHYT had an average of 22.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does NUTRIPHYT fall under?
- In its 2025 annual accounts, NUTRIPHYT states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of NUTRIPHYT?
- The turnover in financial year 2025 is ≈ €10.0m. This figure is estimated from the gross margin of €2.4m and 98 comparable companies (NACE 46). It probably lies between €6.0m and €17.0m.
- Is NUTRIPHYT profitable?
- In financial year 2025, NUTRIPHYT made a loss of €1.1m.
- Where can I find the annual accounts of NUTRIPHYT?
- NUTRIPHYT filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NUTRIPHYT due?
- NUTRIPHYT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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