Financials
- Fiscal year
- 2025
- Total assets
- €5.6m
- Profit
- €31,770
- Solvency
- 16.8%
Total assets▼ 20.4%
Net result
20182025
VETPHARM
ActiveSummary
VETPHARM has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €937,060 and a net result of €31,770. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 23% of 9624 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Wholesale of pharmaceutical and medical goods
NACE 46460
1 site
Size
€5.6mtotal assets 2025
- Equity
- €937,060
- Profit
- €31,770
Turnover not published (abridged schema)
Structure
- Parent
- De Sasmeester CommV
- Holdings
- 1
Accounts 51 d early0 of 4 deeds read
Why 83- 1 change of registered office in 24 months- Liquidity: current ratio 1.24, cash €67,101+ Size: total assets €5.6m+ Figures for FY 2025 (filed 10-06-2026)Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Better than 23% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
42+4
equity 16.8% of total assets
Liquidity
8+6
short-term debt 80.0% · cash 1.2%
Profitability
33-29
return on assets 0.6%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● 0.0% vs 11-2024
01-2025: 0.3%● 0.0% vs 12-2024
02-2025: 0.3%▲ +2.1% vs 01-2025
03-2025: 0.3%▲ +4.8% vs 02-2025
04-2025: 0.3%▲ +10.1% vs 03-2025
05-2025: 0.4%▲ +8.0% vs 04-2025
06-2025: 0.5%▲ +33.7% vs 05-2025
07-2025: 0.3%▼ -39.3% vs 06-2025
08-2025: 0.3%● 0.0% vs 07-2025
09-2025: 0.3%▲ +2.7% vs 08-2025
10-2025: 0.3%● 0.0% vs 09-2025
11-2025: 0.7%▲ +128% vs 10-2025
12-2025: 0.7%● 0.0% vs 11-2025
01-2026: 0.7%● 0.0% vs 12-2025
02-2026: 0.7%▲ +1.9% vs 01-2026
03-2026: 0.7%▲ +1.6% vs 02-2026
04-2026: 0.8%▲ +8.5% vs 03-2026
05-2026: 1.0%▲ +24.8% vs 04-2026
06-2026: 1.1%▲ +8.2% vs 05-2026highest value
07-2026: 0.3%▼ -74.8% vs 06-2026lowest value
08-2026: 0.3%● 0.0% vs 07-2026lowest value
09-2026: 0.3%● 0.0% vs 08-2026lowest value
10-2026: 0.3%● 0.0% vs 09-2026lowest value
- Size: total assets €5.6m lowers the probability for this profile
- 1 change of registered office in 24 months raises the probability
- Liquidity: current ratio 1.24, cash €67,101 raises the probability
- Figures for FY 2025 (filed 10-06-2026) lowers the probability
Credit up to €75,000 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.15 in 2024; short-term debt: 80% and cash: 1.2% of total assets), and 83.2% 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 46, small). Better than this share of them on solvency 19%, liquidity 7%, profitability 19%, growth against the median 49%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. 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.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9624 sector peers (2025).
NBB · sector comparisonPosition among 9624 sector peers
Solvency
better than 23%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €937,060
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
44 d early
2023
37 d early
2022
39 d early
2021
41 d early
2020
33 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Weakest financial yearnet €31,770 ▼91.6%
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
- Caution: Result fell in 2025from €376,696 to €31,770 ▼ 91.6% View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Positive: 8 profitable years in a rowprofit 2025: €31,770 8 years View
- Among the largest 7% on total assetssector median €1.0m · 9,611 companies €5.6m View
- Controlled by De Sasmeester CommV parent View
By topic
Board & ownership
- Parent
- De Sasmeester CommV
Network & group
- Holdings
- 1
1 holding
Timeline
- Events
- 11
- Since
- 2017
- Next accounts
- by 31-07-2027
- 10-06-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 17-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale of pharmaceutical and medical goodsNACE 46460
- Founded
- 26-08-2011
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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