CiGuPhar
ActiveSummary
The computed 12-month bankruptcy probability of CiGuPhar is 1.5% (moderate). The 2025 annual accounts show equity of €42k and a net result of €6k. Equity is shrinking by ~31.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 28% of 11322 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-8
Solvency38▲+4
Growth32=
Track record94
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.98 in 2024; short-term debt: 87% and cash: 39.8% of total assets), and 87% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
13%
Return on assets
1.8%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
24 d early
2024
21 d early
2023
26 d late
2022
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▲ 16.0%
2024 · €36k
2022: €87k
2023: €111k
2024: €36k
2022 → 2025
Total assets
€322k▼ 16.3%
2024 · €384k
2022: €243k
2023: €423k
2024: €384k
2022 → 2025
Net result
€6k▼ 81.4%
2024 · €31k
2022: €82k
2023: €25k
2024: €31k
2022 → 2025
Working capital
€8k
2024 · €-8k
2022: €87k
2023: €63k
2024: €-8k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€87k-€111k▲ 28.5%€36k▼ 67.7%€42k▲ 16.0%
Operating result€103k-€32k▼ 68.8%€43k▲ 33.6%€9k▼ 79.5%
Net result€82k-€25k▼ 69.8%€31k▲ 25.4%€6k▼ 81.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 79% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322k
Fixed assets
€34k ▼ 30.2%
Current assets
€288k ▼ 14.3%
Equity and liabilities €322k
Equity
€42k ▲ 16.0%
Debt
€280k ▼ 19.6%
Debt's share of the balance-sheet total falls from 90.6% to 87.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▼
2024 · €57k
Cash flow
€20k▼
2024 · €45k
Current ratio
1.03▲
2024 · 0.98
Quick ratio
0.94▼
2024 · 0.98
Debt to equity
6.72▼
2024 · 9.69
ROE
13.8%▼
2024 · 86.1%
ROA
1.8%▼
2024 · 8.1%
Interest coverage
25.65▼
2024 · 37.70
Debt ≤ 1 year
€280k▼
2024 · €344k
Income taxes
€2k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€384k€322k▼
Fixed assets21/28€48k€34k▼
Tangible fixed assets22/27€48k€34k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€40k€28k▼
Current assets29/58€336k€288k▼
Stocks and contracts in progress3-€26k
Stocks30/36-€26k
Amounts receivable within one year40/41€226k€134k▼
Trade receivables40€198k€115k▼
Other amounts receivable41€28k€19k▼
Cash at bank and in hand54/58€110k€128k▲
Equity and liabilities
Total equity and liabilities10/49€384k€322k▼
Equity10/15€36k€42k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€31k€37k▲
Amounts payable17/49€348k€280k▼
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€344k€280k▼
Current portion of amounts payable after more than one year42€10k-
Trade debts44€250k€219k▼
Suppliers440/4€250k€219k▼
Taxes, remuneration and social security45€38k€2k▼
Taxes450/3€38k€2k▼
Other amounts payable47/48€45k€58k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k=
Other operating charges640/8€2k€644▼
Gross operating margin9900€59k€24k▼
Operating profit (loss)9901€43k€9k▼
Financial charges65/66B€2k€910▼
Recurring financial charges65€2k€910▼
Profit (loss) for the period before taxes9903€41k€8k▼
Income taxes67/77€10k€2k▼
Profit (loss) for the period9904€31k€6k▼
Profit (loss) for the period to be appropriated9905€31k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€37k▲
Profit (loss) brought forward from the previous period14P-€31k
Transfer from equity791/2€106k-
Profit to be distributed694/7€106k-
Return on contributions (dividend)694€106k-
The notes to these accounts (4 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €6k ▼81.4%
Net result drops to €6k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Equity above €100kEq €111k ▲28.5%
2 profitable years in a row build equity to €111k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Tubize · 1 establishment unit since 2021
Ground area
3,243 m²
Parcel 25105A0528/00B000, Wallonia. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Cosmex international
since 20212.316.983.867
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105A0528/00B000 | Wallonia | 3,243 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Frateur Luxury Brands
BE 0882.843.619
Bornem · Eq €41,495
Corrective Cosmetics Belgium
BE 0423.058.867
Herk-de-Stad · Eq €40,871
COSMEYER
BE 0836.801.182
Etterbeek · Eq €42,942
MAGIE PARFUMERIE
BE 1014.770.052
Niel · Eq €42,955
CHINOOK & Co
BE 0400.610.295
Rixensart · Eq €40,138
Of 798 companies in sector 46450 we hold annual accounts for 452. 295 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46450Wholesale of perfume and cosmetics
46150Agents in the wholesale of furniture, household goods and hardware
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.