PHARVET
ActivePHARVET has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.56M and a net result of €346k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 83% of 4501 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity ample (current ratio 53.28 against 33.03 in 2024; short-term debt: 1.2% and cash: 10.4% of total assets), and 15.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
84.8%
Return on assets
8.2%
Age of the figures
9 mo
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
1 d early
2023
16 d early
2022
29 d late
2021
29 d late
2020
17 d late
2019
31 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€346k▲ 560%
2024 · €52k
2018: €39k
2019: €21k
2020: €305k
2021: €608k
2022: €426k
2023: €64k
2024: €52k
2018 → 2025
Working capital
€2.55M▲ 44.8%
2024 · €1.76M
2018: €-681k
2019: €-516k
2020: €-157k
2021: €1.12M
2022: €1.67M
2023: €1.71M
2024: €1.76M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.67M-€3.10M▲ 16.0%€3.16M▲ 2.1%€3.21M▲ 1.7%€3.56M▲ 10.8%
Operating result€52k-€545k▲ 941%€103k▼ 81.1%€72k▼ 30.5%€447k▲ 525%
Net result€608k-€426k▼ 29.8%€64k▼ 85.1%€52k▼ 17.7%€346k▲ 560%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 525% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.19M
Fixed assets
€1.60M▼ 19.5%
Current assets
€2.60M▲ 43.1%
Equity and liabilities €4.19M
Equity
€3.56M▲ 10.8%
Provisions
€216k▲ 72.6%
Debt
€421k▼ 8.8%
The debt ratio falls from 12.1% to 10.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€524k▲
2024 · €161k
Cash flow
€423k▲
2024 · €141k
Solvency
84.8%▲
2024 · 84.6%
Current ratio
53.28▲
2024 · 33.03
Quick ratio
53.28▲
2024 · 33.03
Debt / equity
0.12▼
2024 · 0.14
ROE
9.7%▲
2024 · 1.6%
ROA
8.2%▲
2024 · 1.4%
Interest coverage
96.94▲
2024 · 26.79
Debt
€421k▼
2024 · €461k
Debt ≤ 1 year
€49k▼
2024 · €55k
Debt > 1 year
€364k▼
2024 · €400k
Income taxes
€34k▲
2024 · €34k
Staff costs
€40k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.80M€4.19M▲
Fixed assets21/28€1.98M€1.60M▼
Tangible fixed assets22/27€1.90M€1.52M▼
Land and buildings22€1.73M€1.38M▼
Plant, machinery and equipment23€20k€18k▼
Furniture and vehicles24€18k€9k▼
Other tangible fixed assets26€130k€111k▼
Financial fixed assets28€82k€82k=
Current assets29/58€1.81M€2.60M▲
Amounts receivable after more than one year29€30k-
Trade receivables290€30k-
Amounts receivable within one year40/41€169k€153k▼
Trade receivables40€379€496▲
Other amounts receivable41€169k€153k▼
Current investments50/53€1.10M€2.00M▲
Cash at bank and in hand54/58€509k€436k▼
Deferred charges and accrued income490/1€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€3.80M€4.19M▲
Equity10/15€3.21M€3.56M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.15M€3.50M▲
Non-distributable reserves130/1€138k€138k=
Legal reserve130€138k€138k=
Tax-exempt reserves132€375k€648k▲
Distributable reserves133€2.64M€2.71M▲
Provisions and deferred taxes16€125k€216k▲
Deferred taxes168€125k€216k▲
Amounts payable17/49€461k€421k▼
Amounts payable after more than one year17€400k€364k▼
Financial debts170/4€400k€364k▼
Amounts payable within one year42/48€55k€49k▼
Current portion of amounts payable after more than one year42€35k€36k▲
Trade debts44€17k€3k▼
Suppliers440/4€17k€3k▼
Taxes, remuneration and social security45€2k€9k▲
Taxes450/3€21€6k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€775€1k▲
Accrued charges and deferred income492/3€6k€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€39k€40k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€77k▼
Other operating charges640/8€11k€10k▼
Non-recurring operating charges66A-€0
Gross operating margin9900€211k€574k▲
Operating profit (loss)9901€72k€447k▲
Financial income75/76B€14k€29k▲
Recurring financial income75€14k€29k▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€79k€470k▲
Transfer from deferred taxes780€6k€6k▲
Transfer to deferred taxes680-€97k
Income taxes67/77€34k€34k▲
Profit (loss) for the period9904€52k€346k▲
Transfer from tax-exempt reserves789€19k€19k=
Transfer to tax-exempt reserves689-€292k
Profit (loss) for the period to be appropriated9905€72k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€72k€73k▲
Transfer to equity691/2€72k€73k▲
To other reserves6921€72k€73k▲
Social balance
Average headcount (FTE)90870.60.6=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity triplescurrent ratio 31.22
Current ratio from 10.26 to 31.22; short-term debt falls from €180k to €56k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 10.26
Current ratio from 5.02 to 10.26; short-term debt falls from €277k to €180k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €608k ▲99%
Net result €608k, the highest in the series.
31-12
Financial
Liquidity times 8current ratio 5.02
Current ratio from 0.62 to 5.02; short-term debt falls from €412k to €277k.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
2020
31-12
Financial
Equity above €2MEq €2.26M ▲15.6%
3 profitable years in a row build equity to €2.26M.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €21k ▼45.7%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are 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, Grez-Doiceau · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Allée Bois de Bercuit 1271390 Grez-Doiceau1 establishment unit
IMMOBILIERE PHARVET SA
since 19932.064.772.187
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Of 9,134 companies in sector 68201 we hold annual accounts for 6,763. 3,607 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-10-1993
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
70201
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.