GERARDIPHAR
GERARDIPHAR has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €323k and a net result of €-6k. Equity is shrinking by ~89.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 66% of 480 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
| Equity | €323k |
| Net result | €-6k |
| Better than sector | 66% |
| Active | 21 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 34.7% | 21.2% | |
| Net result | €-6k | €32k | |
| Equity | €323k | €163k | |
| Gross operating margin | €172k | €281k | |
| Staff costs | €907 | €211k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €62k | €384k | €369k |
| Net profit | €-6k | €162k | €88k |
| Cash flow | €53k | €285k | €247k |
| Staff costs | €907 | €223k | €287k |
| Income taxes | €269 | €86k | €45k |
| Dividends | - | - | €0 |
| Total assets | €932k | €1.17M | €2.15M |
| Equity | €323k | €329k | €910k |
| Debt | €608k | €839k | €1.24M |
| of which ≤ 1y | €317k | €459k | €768k |
| of which > 1y | €291k | €379k | €471k |
| Working capital | €-64k | €11k | €277k |
| Employees (FTE) | 0.0 | 0.0 | 0.0 |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 0.80 | 1.02 | 1.36 |
| Quick ratio | 0.80 | 1.02 | 0.76 |
| Working capital ratio | -6.9% | 0.9% | 12.9% |
| Solvency | 34.7% | 28.2% | 42.3% |
| Debt / equity | 1.88 | 2.55 | 1.36 |
| Long-term debt ratio | 0.90 | 1.15 | 0.52 |
| Interest coverage | 6.63 | 24.76 | 20.70 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -0.6% | 13.9% | 4.1% |
| ROE | -1.9% | 49.2% | 9.6% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €932k | €1.17M | €2.15M |
| Fixed assets | 21/28 | €679k | €698k | €1.10M |
| Tangible fixed assets | 22/27 | €677k | €696k | €1.10M |
| Financial fixed assets | 28 | €2k | €2k | €2k |
| Current assets | 29/58 | €253k | €470k | €1.05M |
| Stocks & contracts in progress | 3 | - | €0 | €459k |
| Amounts receivable within one year | 40/41 | €10k | €24k | €237k |
| Investments | 50/53 | €111k | - | €0 |
| Cash & bank | 54/58 | €132k | €436k | €334k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €932k | €1.17M | €2.15M |
| Equity | 10/15 | €323k | €329k | €910k |
| Contributions / capital | 10/11 | €3k | €3k | €19k |
| Reserves | 13 | €320k | €326k | €892k |
| Accumulated profits (losses) | 14 | - | - | €0 |
| Amounts payable | 17/49 | €608k | €839k | €1.24M |
| Amounts payable after one year | 17 | €291k | €379k | €471k |
| Amounts payable within one year | 42/48 | €317k | €459k | €768k |
| Trade debts payable within one year | 44 | €0 | €2k | €176k |
| Income statement | ||||
| Gross operating margin | 9900 | €172k | €616k | €664k |
| Operating result | 9901 | €3k | €261k | €210k |
| Financial income | 75 | €501 | €3k | €4k |
| Financial charges | 65 | €9k | €16k | €18k |
| Result before taxes | 9903 | €-6k | €249k | €196k |
| Income taxes | 67/77 | €269 | €86k | €45k |
| Net result for the period | 9904 | €-6k | €162k | €88k |
| Result to be appropriated | 9905 | €-6k | €162k | €88k |
-
VINCENT VOGELSDirectorState Gazette act 25061896 (14-05-2025)Current01-01-2025 → present
2 events
- 01-01-2025 Appointed· Director
- 01-01-2025 Appointed· Daily management
| NACE primary | Retail sale of pharmaceutical products(47730) |
| Legal form | Private limited company(610) |
| Incorporation | 28-09-2004 |
| Status | Active |
| Postal code | 9500 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41018A0606/00B000 | Flanders | 766 m² | 1 · 382 m² | 12.3 m · 1 fl. |
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
14-05-2025 2 directors appointed
- VINCENT VOGELS, Bestuurder
- VINCENT VOGELS, Dagelijks bestuur
Technical details
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"de notulen van de algemene vergadering dd. 20/12/2024"
],
"corrected_publication_numac": null
}07-01-2025 All shares are now held by a single shareholder
Technical details
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}| Legal nameNL | GERARDIPHAR |