Equity
XTRAPHARMA paid out €60,000 in dividends. That is 42% of the 2025 profit.
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 46, small). It does better than 45% of them on solvency, 34% on liquidity, 76% on profitability and 69% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 6,782 companies had the same profile as XTRAPHARMA has now. Each dot stands for 17 companies, two years later.
That fits the bankruptcy probability of XTRAPHARMA itself: 0.3% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for XTRAPHARMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.55 (1.44 in 2024), above the usual 1.5. Short-term debt is 61.3% and cash 12.3% of total assets. However, 61.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 176 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| XTRAPHARMA Brussels | €2.2m | €228,023 | 38.7% | - |
| MEDIM Kruisem | €1.9m | €349,936 | 40.5% | - |
| PROTEX HEALTHCARE Roeselare | €2.8m | €324,298 | 7.6% | 1 |
| LÖWENSTEIN MEDICAL BELGIUM Blegny | €1.6m | €140,804 | -58.0% | 2.6 |
| UDental Asse | €1.4m | €375,172 | 12.2% | 5.2 |
| Biosynex Pharma Benelux Saint-Josse-ten-Noode | €2.9m | €259,103 | 57.8% | 7.2 |
| ENDOCEUTICS Brussels | €3.5m | €415,353 | 6.8% | - |
These companies have the same main activity as XTRAPHARMA: wholesale of pharmaceutical and medical goods (NACE 46460). They are comparable in size and age: total assets between €1.4m and €3.5m, founded between 2018 and 2022.
XTRAPHARMA files the abbreviated format. That format states no turnover. The gross margin fell from €290,436 in 2021 to €228,023 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 46% of 9,901 companies in 2025.
Higher than 44% of 9,664 companies in 2025.
Higher than 64% of 9,779 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
2.2m | 2.2m | 2.8m | 1.5m | 586,785 | |
21/28 |
105,572 | 119,714 | 56,357 | 45,688 | 36,371 | |
22/27 |
98,672 | 112,814 | 49,457 | 38,788 | 29,471 | |
22 |
14,035 | 17,547 | - | - | - | |
23 |
10,265 | 14,930 | 20,299 | 28,977 | 20,318 | |
24 |
74,372 | 80,338 | 29,158 | 9,810 | 9,153 | |
28 |
6,900 | 6,900 | 6,900 | 6,900 | 6,900 | |
29/58 |
2.1m | 2.1m | 2.8m | 1.4m | 550,414 | |
3 |
443,905 | 737,458 | 742,311 | 243,034 | 37,759 | |
30/36 |
443,905 | 737,458 | 742,311 | 243,034 | - | |
37 |
- | - | - | - | 37,759 | |
40/41 |
1.3m | 1.3m | 1.8m | 1.1m | 497,751 | |
40 |
747,556 | 742,679 | 1.6m | 948,964 | 438,511 | |
41 |
597,995 | 509,512 | 244,279 | 178,449 | 59,240 | |
54/58 |
266,028 | 83,879 | 226,904 | 52,685 | 14,905 | |
490/1 |
6,391 | 1,874 | 5,525 | - | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
2.2m | 2.2m | 2.8m | 1.5m | 586,785 | |
10/15 |
839,344 | 756,711 | 673,154 | 563,268 | 220,236 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
10 |
- | - | - | 5,000 | - | |
100 |
- | - | - | 30,000 | - | |
101 |
- | - | - | 25,000 | - | |
14 |
834,344 | 751,711 | 668,154 | 558,268 | 215,236 | |
17/49 |
1.3m | 1.4m | 2.2m | 905,552 | 366,548 | |
42/48 |
1.3m | 1.4m | 2.2m | 905,552 | 366,548 | |
42 |
45,326 | 49,994 | 63,000 | - | - | |
43 |
380,000 | 395,371 | 505,000 | - | - | |
430/8 |
380,000 | 395,371 | 505,000 | - | - | |
44 |
675,254 | 863,600 | 1.5m | 720,397 | 284,467 | |
440/4 |
675,254 | 863,600 | 1.5m | 720,397 | 284,467 | |
45 |
167,523 | 129,441 | 103,508 | 185,155 | 72,583 | |
450/3 |
167,523 | 129,441 | 103,508 | 185,155 | 72,583 | |
47/48 |
60,000 | - | - | - | 9,498 | |
| Income statement | ||||||
70 |
- | - | 8.6m | - | - | |
9900 |
228,023 | 158,591 | 168,943 | 459,743 | 290,436 | |
60/61 |
- | - | 8.4m | - | - | |
630 |
32,351 | 25,035 | 9,206 | 4,921 | 1,771 | |
640/8 |
2,952 | 7,053 | 11,165 | 4,858 | 795 | |
66A |
- | 376 | - | - | - | |
9901 |
192,720 | 126,126 | 148,571 | 449,964 | 287,870 | |
75/76B |
8,320 | 450 | 7 | 1,627 | 60 | |
75 |
8,320 | 450 | 7 | 1,627 | 60 | |
65/66B |
20,325 | 17,086 | 7,761 | 638 | 276 | |
65 |
20,325 | 17,086 | 7,761 | 638 | 276 | |
9903 |
180,715 | 109,490 | 140,817 | 450,953 | 287,653 | |
67/77 |
38,082 | 25,933 | 30,931 | 107,922 | 72,417 | |
9904 |
142,634 | 83,557 | 109,886 | 343,031 | 215,236 | |
9905 |
142,634 | 83,557 | 109,886 | 343,031 | 215,236 | |
| Appropriation of the result | ||||||
9906 |
894,344 | 751,711 | 668,154 | 558,268 | 215,236 | |
14P |
751,711 | 668,154 | 558,268 | 215,236 | - | |
694/7 |
60,000 | - | - | - | - | |
694 |
60,000 | - | - | - | - | |
| Document | ||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00346675 | |
| 31-12-2024 | full format | 25-11-2025 | 2025-00570223 | |
| 31-12-2023 | micro format | 20-11-2025 | 2025-00568653 | |
| 31-12-2022 | full format | 31-10-2023 | 2023-00499872 | |
| 31-12-2021 | micro format | 10-02-2023 | 2023-00026120 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 225,072 | 151,162 | 157,778 | 454,886 | 289,641 | ||
| 174,985 | 108,592 | 119,092 | 347,952 | 217,007 | ||
| 18,209 | 88,392 | 19,877 | 14,238 | 37,036 | ||
| 182,148 | -143,025 | 174,219 | 37,781 | - | ||
| 733,772 | 636,997 | 616,796 | 517,580 | 183,866 | ||
| - | - | 1.7% | - | - | ||
| 38.7% | 34.5% | 23.7% | 38.3% | 37.5% | ||
| 1.55 | 1.44 | 1.28 | 1.57 | 1.50 | ||
| 1.22 | 0.93 | 0.94 | 1.30 | 1.40 | ||
| 1.58 | 1.90 | 3.22 | 1.61 | 1.66 | ||
| 17.0% | 11.0% | 16.3% | 60.9% | 97.7% | ||
| 6.6% | 3.8% | 3.9% | 23.4% | 36.7% | ||
| 11.07 | 8.85 | 20.33 | over 100 | over 100 | ||
| - | - | 67 days | - | - | ||
| - | - | 65 days | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €18,209 | €88,392 | €19,877 | €14,238 | €30,136 |
| Financial fixed assets | - | - | - | - | €6,900 |
| €32,351 | €25,035 | €9,206 | €4,921 | €1,771 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 53% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 65.5% to 61.3%. Equity is higher and debt is lower.
XTRAPHARMA has no parent and no holdings in its annual accounts. Naoufal ESSRIFI is the only director. XTRAPHARMA shares no director with another company.
| YOUROPE TRADING
registered office since 07-04-2017 · founded in 2017 |
total assets €89,184 (2025) 0674.373.989 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
XTRAPHARMA was incorporated on 28 July 2020 as a private limited company by one natural person, with a starting capital of €30,000.12 The registered office moved to Laeken in 2021 and to Haren in 2023.34 Naoufal ESSRIFI is director of the company, appointed by deed of 13-11-2020.5 Total assets rose from €586,785 in 2021 to €2.2m in 2025.6
| Establishment | Since | Unit number |
|---|---|---|
| Parochiestraat 22 registered office 1130 Brussels | 15-10-2020 | 2.362.529.822 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21821B0318/00D002 | 608 m² | 1 · 231 m² | 12.4 m · 3 |
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