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PHARMA . MANAGEMENT

Active
Coöperatieve vennootschap (oud statuut)founded 199036 yrs activeFéronstrée 14, 4000 Liège, BelgiumKBO/BCE: BE 0439.966.462
Summary

PHARMA . MANAGEMENT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190,957 and a net result of -€1,362. Equity remains stable across the filed fiscal years (±0.2% per year). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch ReportCompare
PHARMA . MANAGEMENTActiveChecked score 82/100
Risk analysis ReportCompare

Overview

What they do
Activity not known1 site
How big
€249,343total assets 2025
Equity
€190,957
Loss
-€1,362
Financially healthy?
82 Excellent Checked score 2025
Bankruptcy chance 12 m
0.5%
Who decides
Parent
AF. EVRARD · 99.46%
Holdings
1
Accounts 2 d early0 of 4 deeds read
Why 82- 2 of the last 3 late- Liquidity: current ratio 4.27+ Size: total assets €249,343+ Founded in 1990Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Better than 56% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength
Strong
Solvency 100
equity 76.6% of total assets
Liquidity 83
short-term debt 23.4%
Profitability 36
return on assets -0.5%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 1.5% 12-2024: 1.5%● 0.0% vs 11-2024 01-2025: 1.5%● 0.0% vs 12-2024 02-2025: 1.5%● 0.0% vs 01-2025 03-2025: 1.5%● 0.0% vs 02-2025 04-2025: 1.5%▲ +1.1% vs 03-2025 05-2025: 1.6%▲ +3.3% vs 04-2025 06-2025: 1.9%▲ +21.2% vs 05-2025 07-2025: 1.9%▲ +2.6% vs 06-2025 08-2025: 2.3%▲ +17.6% vs 07-2025highest value 09-2025: 1.2%▼ -46.5% vs 08-2025 10-2025: 1.7%▲ +42.5% vs 09-2025 11-2025: 1.8%▲ +2.9% vs 10-2025 12-2025: 0.7%▼ -60.4% vs 11-2025 01-2026: 0.7%▲ +1.0% vs 12-2025 02-2026: 0.7%● 0.0% vs 01-2026 03-2026: 0.7%● 0.0% vs 02-2026 04-2026: 0.7%▼ -2.5% vs 03-2026 05-2026: 0.7%▲ +0.3% vs 04-2026 06-2026: 0.8%▲ +11.3% vs 05-2026 07-2026: 0.8%▼ -3.1% vs 06-2026 08-2026: 0.5%▼ -31.8% vs 07-2026lowest value 09-2026: 0.5%● 0.0% vs 08-2026lowest value 10-2026: 0.5%● 0.0% vs 09-2026lowest value
  • Size: total assets €249,343 lowers the probability for this profile
  • Founded in 1990 lowers the probability for this profile
  • 2 of the last 3 late raises the probability
  • Liquidity: current ratio 4.27 raises the probability
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 4.27 against 4.37 in 2024; short-term debt: 23.4% of total assets), and 23.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 81%, liquidity 75%, profitability 26%, growth against the median 42%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €249,343
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1990
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Liquidity: current ratio 4.27
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
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 29-07-2026, 2 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
2 d early
2024
99 d late
2023
84 d late
2022
87 d late
2021
12 d late
2020
39 d late
2019
16 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 43 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 October (4 of the last 5 filed years within 73 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Controlled by AF. EVRARDitself parent of 1 companies 99.46% View
  • Active since 1990founded 08-01-1990 36 years View
  • Total assets 20256 fiscal years filed €249,343 View

By topic

Financials

Fiscal year
2025
Total assets
€249,343
Loss
-€1,362
Solvency
76.6%
Total assets=
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2018
Next accounts
by 31-07-2027
  1. 29-07-2026Annual accounts filed
  2. 17-12-2025Annual accounts filed
  3. 07-11-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Coöperatieve vennootschap (oud statuut)
Founded
08-01-1990
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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