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PHARMA CITE

Active
Private limited companyfounded 20241 yr activeRue du Faubourg 129, 6110 Montigny-le-Tilleul, BelgiumKBO/BCE: BE 1016.644.825
Summary

The computed 12-month bankruptcy probability of PHARMA CITE is 1.8% (moderate). The 2025 annual accounts show negative equity (-€10,995) and a net result of -€10,995. Its solvency ranks better than 13% of 10485 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability67
Solvency23
Growth-
Track record67
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34; short-term debt: 101.6% and cash: 6.3% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
-1.6%
Return on assets
-1.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 1 filing
Deviation from the deadline
2025
27 d late
← before the deadline after the deadline →
Checked, nothing found (1)
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

PHARMA CITE was incorporated on 26 November 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

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

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Financials · fiscal year 2025, abbreviated schema

Equity
-€10,995
Total assets
€705,229
Net result
-€10,995
Working capital
-€473,652

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €705,229
Fixed assets €462,658
Current assets €242,571
Key figures and ratios
2025 value
EBITDA
€36,755
Cash flow
€36,348
Solvency
-1.6%
Current ratio
0.34
Quick ratio
0.21
Debt to equity
-65.14
ROA
-1.6%
Interest coverage
90.03
Debt
€716,224
Debt ≤ 1 year
€716,224
Staff costs
€237,994

Peer companies

Historical observation

Of the 232 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a small loss
1.7% went bankrupt
1.7% stopped otherwise
96% 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 1.8% 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 497,058 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% 1.6%
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 74% 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 232 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 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€705,229
Fixed assets21/28€462,658
Intangible fixed assets21€455,616
Tangible fixed assets22/27€7,041
Plant, machinery and equipment23€7,041
Current assets29/58€242,571
Stocks and contracts in progress3€88,858
Stocks30/36€88,858
Amounts receivable within one year40/41€109,356
Trade receivables40€69,292
Other amounts receivable41€40,063
Cash at bank and in hand54/58€44,334
Deferred charges and accrued income490/1€24
Equity and liabilities
Total equity and liabilities10/49€705,229
Equity10/15-€10,995
Profit (loss) carried forward14-€10,995
Amounts payable17/49€716,224
Amounts payable within one year42/48€716,224
Trade debts44€32,982
Suppliers440/4€32,982
Taxes, remuneration and social security45€38,388
Taxes450/3€38,388
Other amounts payable47/48€644,853
Income statement Code2025
Remuneration, social security and pensions62€237,994
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47,342
Other operating charges640/8€841
Non-recurring operating charges66A€8
Gross operating margin9900€275,598
Operating profit (loss)9901-€10,587
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€408
Recurring financial charges65€408
Profit (loss) for the period before taxes9903-€10,995
Profit (loss) for the period9904-€10,995
Profit (loss) for the period to be appropriated9905-€10,995
Appropriation of the result
Profit (loss) to be appropriated9906-€10,995
Social balance
Average headcount (FTE)90872.3

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€237,994
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47,342
Other operating charges640/8€841
Non-recurring operating charges66A€8
Gross operating margin9900€275,598
Operating profit (loss)9901-€10,587
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€408
Recurring financial charges65€408
Profit (loss) for the period before taxes9903-€10,995
Profit (loss) for the period9904-€10,995
Profit (loss) for the period to be appropriated9905-€10,995
Line2025
Assets
Total assets20/58€705,229
Fixed assets21/28€462,658
Intangible fixed assets21€455,616
Tangible fixed assets22/27€7,041
Plant, machinery and equipment23€7,041
Current assets29/58€242,571
Stocks and contracts in progress3€88,858
Stocks30/36€88,858
Amounts receivable within one year40/41€109,356
Trade receivables40€69,292
Other amounts receivable41€40,063
Cash at bank and in hand54/58€44,334
Deferred charges and accrued income490/1€24
Equity and liabilities
Total equity and liabilities10/49€705,229
Equity10/15-€10,995
Profit (loss) carried forward14-€10,995
Amounts payable17/49€716,224
Amounts payable within one year42/48€716,224
Trade debts44€32,982
Suppliers440/4€32,982
Taxes, remuneration and social security45€38,388
Taxes450/3€38,388
Other amounts payable47/48€644,853
Line2025
Profit (loss) for the period9904-€10,995
+ Depreciation and write-downs630€47,342
Operating cash flow (approximation)€36,348

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

2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Montigny-le-Tilleul · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
4,366 m²
Building footprint
248 m²
Volume, LiDAR
1,763 m³
2 parcels, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
PHARMA CITE
Rue des Haies 142, 6200 ChâteletRetail sale of pharmaceutical products
since 20242.367.965.879
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52048C0139/00A000 Wallonia 4,246 m² 1 · 221 m² 8.5 m · 2 fl.
52502B0201/00D010 Wallonia 120 m² 1 · 27 m² 10.2 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 5,220 companies in sector 47730 we hold annual accounts for 3,860. 2,292 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded26-11-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
E-invoicing
Reachable via Peppol
Peppol ID 0208:1016644825
Also 9925:BE1016644825
Registered 25-11-2025

Register as of 27 September 2026 · Peppol Directory

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