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SECUNDUM ARTEM

Active
Private limited companyfounded 2004active for 22 yearsElf Novemberlaan 32-4, 1040 Etterbeek, BelgiumKBO/BCE: BE 0867.834.452

From the official registers: KBO 21 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

SECUNDUM ARTEM has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206,242 and a net result of €99,011. Equity has been growing by about 2.9% per year since 2019. Its solvency ranks better than 56% of 5,036 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

KBO
Status
Active since 14-10-2004 Normal situation
Activity
Retail sale of pharmaceutical products NACE 47730
Establishment unit
2.144.056.920 1040 Etterbeek, since 14-10-2004
Financial year end
30 September
Peppol
Reachable since 19-12-2025

Board and ownership

Board
  • Red One Pharma SRLDirector

Financial position

94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-09-2025
Gross margin
€298,444
▲ 5.6%
Turnover
≈ €1.1m
estimated
Profit
€99,011
▼ 1.6%
Equity
€206,242
▼ 0.5%
Total assets
€496,587
▲ 5.2%
Staff
2.4 FTE
▲ 9.1%
Filed on 30-01-2026, 90 days before the deadlinePDF
Score breakdownraises riskSector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 1.71, cash €286,985Founded in 2004Equity €206,242 (41.5% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 64% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Strong
Solvency 67-2
equity 41.5% of total assets
Liquidity 70-1
short-term debt 58.5% · cash 57.8%
Profitability 94-1
return on assets 19.9%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.6% (40,270 companies, NACE 47, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025highest value 03-2025: 0.1%▼ -0.1 percentage points vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €19,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.71 (1.78 in 2024), above the usual 1.5. Short-term debt is 58.5% and cash 57.8% of total assets. However, 58.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 57% of them on solvency, 76% on liquidity, 88% on profitability and 37% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.71, cash €286,985
NBB · annual accounts
lowers risk · Founded in 2004
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Equity €206,242 (41.5% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-01-2026, 90 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
90 days early
2024
63 days early
2023
95 days early
2022
128 days early
2021
94 days early
2020
133 days early
2019
80 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 98 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 26 January (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end01-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €99,011 7 years View

Comparable companies

These companies have the same main activity as SECUNDUM ARTEM: retail sale of pharmaceutical products (NACE 47730). They are comparable in size and age: total assets between €468,000 and €601,000, founded between 2001 and 2008.

CompanyTotal assetsGross margin
SECUNDUM ARTEM Etterbeek€496,587€298,444
APOTHEEK DERIDDER Halle€488,451€309,100
APOTHEEK DE VIJFHOEK Mechelen€546,294€326,578
PHARMACIE LAPERCHE Evere€485,699€330,897
PHARMACIE DE LA JONCTION Sint-Joost-ten-Node€601,403€324,194
HEALTHY PHARMACY Beersel€468,090€322,202
LIBO CONSULT Halen€516,567€243,596
Full comparison

Documents

Annual accounts at the NBB

All 21 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about SECUNDUM ARTEM

What is the company number of SECUNDUM ARTEM?
The company number of SECUNDUM ARTEM is 0867.834.452. The VAT number is the same number with BE in front: BE 0867.834.452.
Where is SECUNDUM ARTEM based?
The registered office is at Elf Novemberlaan 32-4, 1040 Etterbeek.Company details
What does SECUNDUM ARTEM do?
According to the KBO register, the main activity is retail sale of pharmaceutical products (NACE 47730).
What is the legal form of SECUNDUM ARTEM?
The legal form of SECUNDUM ARTEM is Private limited company (BV).
When was SECUNDUM ARTEM founded?
SECUNDUM ARTEM was founded on 14-10-2004.
Is SECUNDUM ARTEM still active?
Yes, SECUNDUM ARTEM is an active enterprise in the KBO register.
How many employees does SECUNDUM ARTEM have?
SECUNDUM ARTEM had an average of 2.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SECUNDUM ARTEM?
The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €298,444 and 47 comparable companies (NACE 477). It probably lies between €840,000 and €1.8m.
Is SECUNDUM ARTEM profitable?
In financial year 2025, SECUNDUM ARTEM made a profit of €99,011.
Where can I find the annual accounts of SECUNDUM ARTEM?
SECUNDUM ARTEM filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of SECUNDUM ARTEM due?
SECUNDUM ARTEM must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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