Pharma Works

Active

Private limited companyfounded 201511 yrs activeMarkt 21, 9550 Herzele, BelgiumKBO/BCE: BE 0599.765.351

Summary

Pharma Works has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47,914 and a net result of €19,165. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 26% of 2547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch Report Compare

Pharma WorksActiveChecked score 56/100

Risk analysis Report Compare

Activity

Other educational support services

NACE 85699NACE 85609

2 sites

Size

€356,098total assets 2024

Equity: €47,914
Profit: €19,165

Turnover not published (abridged schema)

Financial health

56 Fair Checked score 2024

Bankruptcy chance 12 m: 0.8%

Structure

Accounts 63 d overdue0 of 2 deeds read

Why 56Capped at 59: a confirmed filing finding- 1 financial year not filed after the legal deadline; latest accounts 131 days late; 3 of the last 3 late- Figures for FY 2024 (filed 09-12-2025)+ Sector Education (NACE 85)+ Liquidity: current ratio 9.02, cash €136,451Show the evidence

Checked score

Score 2024

56 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 63% of its sector peers (NACE 85, micro)

Performance against the sector, not lower risk

A confirmed filing finding caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2023

Strong

Solvency 38+4

equity 13.5% of total assets

Liquidity 98+16

short-term debt 5.0% · cash 38.3%

Profitability 75+18

return on assets 5.4%

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,731 companies)

Last 17 months 06-2025: 0.3%lowest value 07-2025: 0.3%▲ +2.5% vs 06-2025 08-2025: 0.5%▲ +42.1% vs 07-2025 09-2025: 0.6%▲ +17.9% vs 08-2025 10-2025: 0.7%▲ +33.3% vs 09-2025 11-2025: 0.8%▲ +6.9% vs 10-2025 12-2025: 1.1%▲ +36.0% vs 11-2025highest value 01-2026: 0.4%▼ -60.0% vs 12-2025 02-2026: 0.4%▲ +3.0% vs 01-2026 03-2026: 0.4%▼ -0.5% vs 02-2026 04-2026: 0.4%▼ -2.7% vs 03-2026 05-2026: 0.4%▲ +2.6% vs 04-2026 06-2026: 0.4%▼ -7.1% vs 05-2026 07-2026: 0.4%▲ +3.2% vs 06-2026 08-2026: 0.5%▲ +24.2% vs 07-2026 09-2026: 0.6%▲ +10.9% vs 08-2026 10-2026: 0.8%▲ +32.6% vs 09-2026

1 financial year not filed after the legal deadline; latest accounts 131 days late; 3 of the last 3 late raises the probability
Sector Education (NACE 85) lowers the probability
Liquidity: current ratio 9.02, cash €136,451 lowers the probability
Figures for FY 2024 (filed 09-12-2025) raises the probability

Credit up to €2,500 at 30 days only on tighter terms

Liquidity ample (current ratio 9.02 against 9.07 in 2023; short-term debt: 5% and cash: 38.3% of total assets), but 86.5% 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 (NACE 85, micro). Better than this share of them on solvency 25%, liquidity 90%, profitability 51%, growth against the median 86%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, 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

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk

1 financial year not filed after the legal deadline; latest accounts 131 days late; 3 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Sector Education (NACE 85)

In the bankruptcy model this factor lowers the probability.

KBO

Liquidity: current ratio 9.02, cash €136,451

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Figures for FY 2024 (filed 09-12-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-12-2025, 131 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

131 d late

2023

75 d late

2022

86 d late

2021

77 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 92 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)

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

09-12-25 Annual accounts filedfiscal year 2024 · micro…
31-12-24 Highest result since 2021net €19,165 ▲769%
14-10-24 Annual accounts filedfiscal year 2023 · micro…

Key points

Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
Among the largest 20% on total assetssector median €94,536 · 2,548 companies €356,098 View
Total assets 20244 fiscal years filed €356,098 View