Pharmat
ActiveSummary
Pharmat has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €427k and a net result of €88k. Equity is growing by ~40.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 3489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-7
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 23.03 against 32.53 in 2024; short-term debt: 4.3% and cash: 87.6% of total assets), and 4.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.1%
Return on assets
19.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 5 filingsDeviation from the deadline
2025
21 d late
2024
28 d late
2023
28 d late
2022
29 d late
2021
26 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€427k▲ 25.9%
2024 · €339k
Total assets
€449k▲ 27.9%
2024 · €351k
Net result
€88k▼ 24.6%
2024 · €116k
Working capital
€422k▲ 27.5%
2024 · €331k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€92k-€111k▲ 20.4%€118k▲ 5.8%€130k▲ 10.8%€113k▼ 13.5%
Net result€73k-€85k▲ 17.4%€92k▲ 7.7%€116k▲ 26.7%€88k▼ 24.6%
Equity€75k-€160k▲ 114%€217k▲ 35.0%€339k▲ 56.6%€427k▲ 25.9%
Total assets€131k-€206k▲ 56.7%€299k▲ 45.1%€351k▲ 17.5%€449k▲ 27.9%
Debt€56k-€45k▼ 19.3%€82k▲ 80.7%€12k▼ 85.6%€22k▲ 84.8%
Working capital€60k-€142k▲ 135%€205k▲ 44.5%€331k▲ 61.5%€422k▲ 27.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €449k
Fixed assets
€8k ▼ 20.4%
Current assets
€441k ▲ 29.2%
Equity and liabilities €449k
Equity
€427k ▲ 25.9%
Debt
€22k ▲ 84.8%
Debt's share of the balance-sheet total rises from 3.4% to 4.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€115k▼
2024 · €133k
Cash flow
€90k▼
2024 · €119k
Current ratio
23.03▼
2024 · 32.53
Debt to equity
0.05▲
2024 · 0.03
ROE
20.6%▼
2024 · 34.3%
ROA
19.6%▼
2024 · 33.1%
Interest coverage
171.56▼
2024 · 271.98
Debt ≤ 1 year
€19k▲
2024 · €11k
Income taxes
€25k▲
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €4k | €3k | €2k | ▼ 36.9% |
| Other operating charges640/8 | €859 | €403 | €531 | €723 | €694 | ▼ 4.0% |
| Gross operating margin9900 | €99k | €119k | €122k | €134k | €115k | ▼ 13.9% |
| Operating profit (loss)9901 | €92k | €111k | €118k | €130k | €113k | ▼ 13.5% |
| Financial income75/76B | €8 | €0 | - | €298 | €191 | ▼ 35.9% |
| Recurring financial income75 | €8 | €0 | - | €298 | €191 | ▼ 35.9% |
| Financial charges65/66B | €8 | €503 | €161 | €491 | €669 | ▲ 36.3% |
| Recurring financial charges65 | €8 | €503 | €161 | €491 | €669 | ▲ 36.3% |
| Profit (loss) for the period before taxes9903 | €92k | €111k | €118k | €130k | €112k | ▼ 13.7% |
| Income taxes67/77 | €20k | €26k | €26k | €14k | €25k | ▲ 77.5% |
| Profit (loss) for the period9904 | €73k | €85k | €92k | €116k | €88k | ▼ 24.6% |
| Profit (loss) for the period to be appropriated9905 | €73k | €85k | €92k | €116k | €88k | ▼ 24.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €131k | €206k | €299k | €351k | €449k | ▲ 27.9% |
| Fixed assets21/28 | €15k | €20k | €13k | €9k | €8k | ▼ 20.4% |
| Tangible fixed assets22/27 | €15k | €20k | €13k | €9k | €8k | ▼ 20.4% |
| Plant, machinery and equipment23 | €5k | €15k | €13k | €9k | €8k | ▼ 20.4% |
| Furniture and vehicles24 | €10k | €5k | €0 | - | - | - |
| Current assets29/58 | €117k | €186k | €286k | €342k | €441k | ▲ 29.2% |
| Amounts receivable within one year40/41 | €37k | €42k | €76k | €66k | €48k | ▼ 28.0% |
| Trade receivables40 | €37k | €42k | €76k | €57k | €39k | ▼ 32.3% |
| Other amounts receivable41 | €570 | €0 | - | €9k | €9k | ▼ 1.8% |
| Cash at bank and in hand54/58 | €78k | €139k | €209k | €275k | €393k | ▲ 43.1% |
| Deferred charges and accrued income490/1 | €2k | €5k | €1k | €375 | €191 | ▼ 49.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €131k | €206k | €299k | €351k | €449k | ▲ 27.9% |
| Equity10/15 | €75k | €160k | €217k | €339k | €427k | ▲ 25.9% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €73k | €158k | €214k | €337k | €425k | ▲ 26.1% |
| Distributable reserves133 | €73k | €158k | €214k | €337k | €425k | ▲ 26.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €56k | €45k | €82k | €12k | €22k | ▲ 84.8% |
| Amounts payable within one year42/48 | €56k | €44k | €81k | €11k | €19k | ▲ 82.5% |
| Current portion of amounts payable after more than one year42 | €4k | €0 | - | €7k | €7k | ▲ 1.6% |
| Trade debts44 | €2k | €118 | €1k | €78 | €4k | ▲ 5,389% |
| Suppliers440/4 | €2k | €118 | €1k | €78 | €4k | ▲ 5,389% |
| Taxes, remuneration and social security45 | €45k | €39k | €39k | €4k | €8k | ▲ 116% |
| Taxes450/3 | €45k | €35k | €35k | €2k | €8k | ▲ 361% |
| Remuneration and social security454/9 | - | €4k | €4k | €2k | - | - |
| Other amounts payable47/48 | €5k | €6k | €41k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €1k | €1k | €1k | €3k | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73k | €85k | €92k | €116k | €88k | ▼ 24.6% |
| + Depreciation and write-downs630 | €6k | €7k | €4k | €3k | €2k | ▼ 36.9% |
| Operating cash flow (approximation) | €79k | €92k | €96k | €119k | €90k | ▼ 24.9% |
| Investment in fixed assets (approximation) | - | €-12k | €3k | €0 | €0 | - |
| Change in cash | - | €61k | €70k | €66k | €118k | ▲ 78.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2021net €116k ▲26.7%
Operating result €130k, net result €116k, both a record.
31-12
Financial
Liquidity times 9current ratio 32.53
Current ratio from 3.53 to 32.53; short-term debt falls from €81k to €11k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Equity above €200kEq €217k ▲35%
3 profitable years in a row build equity to €217k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 4.20
Current ratio from 2.07 to 4.20; short-term debt falls from €56k to €44k.
31-12
Financial
Equity above €150kEq €160k ▲114%
2 profitable years in a row build equity to €160k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Niklaas · 1 establishment unit since 2020
Ground area
1,797 m²
Building footprint
259 m²
Volume, LiDAR
954 m³
Parcel 46021A1224/00F000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Pharmat
since 20202.308.927.523
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46021A1224/00F000 | Flanders | 1,797 m² | 1 · 259 m² | 6.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,563 companies in sector 74999 we hold annual accounts for 1,934. 1,248 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
63920Other information service activities
70200Business and other management consultancy
Contact
E-mail
matthias.vanlaethem88@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.