PHARINA
ActiveSummary
The computed 12-month bankruptcy probability of PHARINA is 2.6% (moderate). The 2024 annual accounts show equity of €80k and a net result of €32k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 53% of 18936 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▼-15
Solvency58▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.58 in 2023; short-term debt: 46% and cash: 8.5% of total assets), and 67.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32.9%
Return on assets
13.2%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €80k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-10-2025, 77 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
77 d late
2023
77 d late
2022
122 d late
2021
78 d late
2020
152 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€80k▲ 23.9%
2023 · €64k
2018: €-30k
2019: €-42k
2020: €-62k
2021: €-41k
2022: €21k
2023: €64k
2018 → 2024
Total assets
€241k▲ 13.6%
2023 · €212k
2018: €281k
2019: €312k
2020: €263k
2021: €244k
2022: €209k
2023: €212k
2018 → 2024
Net result
€32k▼ 46.1%
2023 · €59k
2018: €-49k
2019: €-11k
2020: €-21k
2021: €21k
2022: €63k
2023: €59k
2018 → 2024
Working capital
€-36k▲ 8.5%
2023 · €-39k
2018: €24k
2019: €2k
2020: €6k
2021: €-7k
2022: €-10k
2023: €-39k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-62k-€-41k▲ 33.6%€21k€64k▲ 203%€80k▲ 23.9%
Operating result€-18k-€24k€68k▲ 185%€65k▼ 3.9%€42k▼ 35.5%
Net result€-21k-€21k€63k▲ 199%€59k▼ 5.7%€32k▼ 46.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 35% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €241k
Fixed assets
€166k ▲ 4.7%
Current assets
€75k ▲ 39.7%
Equity and liabilities €241k
Equity
€80k ▲ 23.9%
Debt
€162k ▲ 9.1%
Debt's share of the balance-sheet total falls from 69.8% to 67.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80k▼
2023 · €100k
Cash flow
€70k▼
2023 · €94k
Current ratio
0.68▲
2023 · 0.58
Quick ratio
0.54▲
2023 · 0.40
Debt to equity
2.04▼
2023 · 2.31
ROE
40.0%▼
2023 · 92.0%
ROA
13.2%▼
2023 · 27.8%
Interest coverage
12.86▼
2023 · 16.89
Debt ≤ 1 year
€111k▲
2023 · €93k
Debt > 1 year
€51k▲
2023 · €39k
Income taxes
€4k▲
2023 · €408
Staff costs
€99k▲
2023 · €91k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€212k€241k▲
Fixed assets21/28€158k€166k▲
Intangible fixed assets21€23k€18k▼
Tangible fixed assets22/27€119k€133k▲
Plant, machinery and equipment23€40k€74k▲
Furniture and vehicles24€5k€4k▼
Other tangible fixed assets26€74k€55k▼
Financial fixed assets28€16k€15k▼
Current assets29/58€54k€75k▲
Stocks and contracts in progress3€17k€16k▼
Stocks30/36€17k€16k▼
Amounts receivable within one year40/41€28k€39k▲
Trade receivables40€16k€26k▲
Other amounts receivable41€12k€13k▲
Cash at bank and in hand54/58€10k€21k▲
Deferred charges and accrued income490/1€127€305▲
Equity and liabilities
Total equity and liabilities10/49€212k€241k▲
Equity10/15€64k€80k▲
Contributions10/11€19k€19k=
Reserves13€45k€45k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€572€16k▲
Amounts payable17/49€148k€162k▲
Amounts payable after more than one year17€39k€51k▲
Financial debts170/4€376€12k▲
Other amounts payable178/9€39k€39k=
Amounts payable within one year42/48€93k€111k▲
Current portion of amounts payable after more than one year42-€6k
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€63k€56k▼
Suppliers440/4€63k€56k▼
Taxes, remuneration and social security45€11k€33k▲
Taxes450/3€1k€13k▲
Remuneration and social security454/9€10k€20k▲
Other amounts payable47/48€15k€16k▲
Accrued charges and deferred income492/3€16k-
Income statement
Code20232024
Remuneration, social security and pensions62€91k€99k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€38k▲
Other operating charges640/8€17k€16k▼
Gross operating margin9900€208k€195k▼
Operating profit (loss)9901€65k€42k▼
Financial income75/76B€24€33▲
Recurring financial income75€24€33▲
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€59k€36k▼
Income taxes67/77€408€4k▲
Profit (loss) for the period9904€59k€32k▼
Profit (loss) for the period to be appropriated9905€59k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€62k€32k▼
Profit (loss) brought forward from the previous period14P€3k€572▼
Transfer to equity691/2€45k-
To other reserves6921€45k-
Profit to be distributed694/7€16k€17k▲
Directors or managers695€16k€17k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
2022
31-12
Financial
Highest result since 2018net €63k ▲199%
Operating result €68k, net result €63k, both a record.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after 3 loss-making years.
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Gent · 2 establishment units since 2017
Ground area
203 m²
Building footprint
203 m²
Volume, LiDAR
2,272 m³
2 parcels, Flanders · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
PHARINA
since 20172.267.645.016
In Choc
since 20192.292.132.467
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A0432/00B000 | Flanders | 147 m² | 1 · 147 m² | 15.8 m · 4 fl. |
| 44021A0433/00_000 | Flanders | 56 m² | 1 · 56 m² | 15.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
2 sitesGent2.267.645.016
Gent2.292.132.467
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,051 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.