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PHARMIDABLE

Active
Private limited companyfounded 2024active for 2 yearsRue de Mosanville(LI) 42, 5101 Namur, BelgiumKBO/BCE: BE 1009.825.725
Summary

The computed 12-month bankruptcy probability of PHARMIDABLE is 3.9% (moderate). The 2024 annual accounts show equity of €31,742 and a net result of -€28,258. Its solvency ranks better than 25% of 25,566 sector peers (NACE 47, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2024 annual accounts filed late (64 days) Filed on 3 October 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00537936.

Equity
€31,742
Total assets
€775,771
Net result
-€28,258
Working capital
-€29,920

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €775,771
Fixed assets €568,785
Current assets €206,985
Equity and liabilities €775,771
Equity €31,742
Debt €744,029
Debt finances 95.9% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
-€12,281
Cash flow
€311
Current ratio
0.87
Quick ratio
0.61
Debt to equity
23.44
ROE
-89.0%
ROA
-3.6%
Interest coverage
-0.99
Debt ≤ 1 year
€236,906
Debt > 1 year
€497,436
Staff costs
€4,129

Peer companies

Historical observation

Of the 865 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96.6% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
1.5% went bankrupt
1.7% stopped otherwise
96.6% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 865 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 · 2024 · 42 lines
Balance sheet Code2024
Assets
Total assets20/58€775,771
Fixed assets21/28€568,785
Intangible fixed assets21€200,468
Tangible fixed assets22/27€43,317
Plant, machinery and equipment23€29,454
Furniture and vehicles24€4,996
Other tangible fixed assets26€8,867
Financial fixed assets28€325,000
Current assets29/58€206,985
Stocks and contracts in progress3€61,595
Stocks30/36€61,595
Amounts receivable within one year40/41€108,045
Trade receivables40€63,248
Other amounts receivable41€44,797
Cash at bank and in hand54/58€37,345
Equity and liabilities
Total equity and liabilities10/49€775,771
Equity10/15€31,742
Contributions10/11€60,000
Profit (loss) carried forward14-€28,258
Amounts payable17/49€744,029
Amounts payable after more than one year17€497,436
Financial debts170/4€497,436
Amounts payable within one year42/48€236,906
Current portion of amounts payable after more than one year42€143,439
Trade debts44€93,467
Suppliers440/4€93,467
Taxes, remuneration and social security45€0
Remuneration and social security454/9€0
Accrued charges and deferred income492/3€9,687
Income statement Code2024
Remuneration, social security and pensions62€4,129
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28,569
Other operating charges640/8€1,766
Gross operating margin9900-€6,385
Operating profit (loss)9901-€40,850
Financial income75/76B€25,000
Recurring financial income75€25,000
Financial charges65/66B€12,408
Recurring financial charges65€12,408
Profit (loss) for the period before taxes9903-€28,258
Profit (loss) for the period9904-€28,258
Profit (loss) for the period to be appropriated9905-€28,258
Appropriation of the result
Profit (loss) to be appropriated9906-€28,258

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€4,129
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28,569
Other operating charges640/8€1,766
Gross operating margin9900-€6,385
Operating profit (loss)9901-€40,850
Financial income75/76B€25,000
Recurring financial income75€25,000
Financial charges65/66B€12,408
Recurring financial charges65€12,408
Profit (loss) for the period before taxes9903-€28,258
Profit (loss) for the period9904-€28,258
Profit (loss) for the period to be appropriated9905-€28,258
Line2024
Assets
Total assets20/58€775,771
Fixed assets21/28€568,785
Intangible fixed assets21€200,468
Tangible fixed assets22/27€43,317
Plant, machinery and equipment23€29,454
Furniture and vehicles24€4,996
Other tangible fixed assets26€8,867
Financial fixed assets28€325,000
Current assets29/58€206,985
Stocks and contracts in progress3€61,595
Stocks30/36€61,595
Amounts receivable within one year40/41€108,045
Trade receivables40€63,248
Other amounts receivable41€44,797
Cash at bank and in hand54/58€37,345
Equity and liabilities
Total equity and liabilities10/49€775,771
Equity10/15€31,742
Contributions10/11€60,000
Profit (loss) carried forward14-€28,258
Amounts payable17/49€744,029
Amounts payable after more than one year17€497,436
Financial debts170/4€497,436
Amounts payable within one year42/48€236,906
Current portion of amounts payable after more than one year42€143,439
Trade debts44€93,467
Suppliers440/4€93,467
Taxes, remuneration and social security45€0
Remuneration and social security454/9€0
Accrued charges and deferred income492/3€9,687
Line2024
Profit (loss) for the period9904-€28,258
+ Depreciation and write-downs630€28,569
Operating cash flow (approximation)€311

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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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 03-10-2025 2025-00537936

Similar companies · same sector, comparable size

Of the 5,205 active companies whose main activity is retail sale of pharmaceutical products (NACE 47730), figures are known for 3,896. 2,107 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.