PhaRa
ActiveSummary
PhaRa has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €557k and a net result of €681k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 23% of 8093 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency49▼-5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.39 in 2023; short-term debt: 76% and cash: 16.4% of total assets), and 76.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23.6%
Return on assets
28.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 8093 sector peers (2024).
NBB · sector comparisonPosition among 8093 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-05-2025, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
64 d early
2023
35 d early
2022
40 d early
2021
58 d early
2020
64 d early
2019
80 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€557k▲ 5.5%
2023 · €528k
2018: €625k
2019: €633k
2020: €585k
2021: €605k
2022: €605k
2023: €528k
2018 → 2024
Total assets
€2.36M▲ 28.7%
2023 · €1.83M
2018: €1.42M
2019: €1.35M
2020: €1.64M
2021: €1.93M
2022: €1.72M
2023: €1.83M
2018 → 2024
Net result
€681k▲ 33.0%
2023 · €512k
2018: €221k
2019: €164k
2020: €595k
2021: €464k
2022: €293k
2023: €512k
2018 → 2024
Working capital
€544k▲ 8.3%
2023 · €502k
2018: €480k
2019: €539k
2020: €512k
2021: €549k
2022: €564k
2023: €502k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€585k-€605k▲ 3.5%€605k=€528k▼ 12.7%€557k▲ 5.5%
Operating result€834k-€654k▼ 21.6%€400k▼ 38.8%€747k▲ 86.5%€964k▲ 29.1%
Net result€595k-€464k▼ 21.9%€293k▼ 37.0%€512k▲ 74.9%€681k▲ 33.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 29% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.36M
Fixed assets
€23k ▼ 18.3%
Current assets
€2.33M ▲ 29.4%
Equity and liabilities €2.36M
Equity
€557k ▲ 5.5%
Debt
€1.80M ▲ 38.0%
Debt's share of the balance-sheet total rises from 71.2% to 76.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€969k▲
2023 · €761k
Cash flow
€686k▲
2023 · €526k
Current ratio
1.30▼
2023 · 1.39
Debt to equity
3.23▲
2023 · 2.47
ROE
122.2%▲
2023 · 97.0%
ROA
28.9%▲
2023 · 27.9%
Interest coverage
25.43▲
2023 · 16.48
Debt ≤ 1 year
€1.79M▲
2023 · €1.30M
Income taxes
€256k▲
2023 · €197k
Staff costs
€2.47M▼
2023 · €2.58M
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.83M€2.36M▲
Fixed assets21/28€28k€23k▼
Tangible fixed assets22/27€28k€23k▼
Land and buildings22€25k€23k▼
Furniture and vehicles24€0-
Other tangible fixed assets26€3k€0▼
Current assets29/58€1.80M€2.33M▲
Amounts receivable within one year40/41€1.41M€1.94M▲
Trade receivables40€1.36M€1.88M▲
Other amounts receivable41€52k€66k▲
Cash at bank and in hand54/58€390k€386k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.83M€2.36M▲
Equity10/15€528k€557k▲
Contributions10/11€19k€19k=
Reserves13€27k€27k=
Non-distributable reserves130/1€26k€26k=
Reserves not available under the articles1311€26k€26k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€482k€511k▲
Amounts payable17/49€1.30M€1.80M▲
Amounts payable within one year42/48€1.30M€1.79M▲
Financial debts43€317k€290k▼
Credit institutions430/8€317k€290k▼
Trade debts44€276k€539k▲
Suppliers440/4€276k€539k▲
Taxes, remuneration and social security45€533k€495k▼
Taxes450/3€0€81k▲
Remuneration and social security454/9€533k€414k▼
Other amounts payable47/48€177k€466k▲
Accrued charges and deferred income492/3€2k€9k▲
Income statement
Code20232024
Remuneration, social security and pensions62€2.58M€2.47M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€5k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-466€3k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€3.34M€3.44M▲
Operating profit (loss)9901€747k€964k▲
Financial income75/76B€8k€11k▲
Recurring financial income75€8k€11k▲
Financial charges65/66B€46k€38k▼
Recurring financial charges65€46k€38k▼
Profit (loss) for the period before taxes9903€708k€937k▲
Income taxes67/77€197k€256k▲
Profit (loss) for the period9904€512k€681k▲
Profit (loss) for the period to be appropriated9905€512k€681k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.07M€1.16M▲
Profit (loss) brought forward from the previous period14P€559k€482k▼
Profit to be distributed694/7€589k€651k▲
Return on contributions (dividend)694€500k€556k▲
Employees696€89k€95k▲
Social balance
Average headcount (FTE)908717.118.0▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
11-03
State Gazette act
Purpose · RestructuringMerger · Accounting effect · Purpose change4 facts ▸
State Gazette act
Purpose · Restructuring
Merger · Accounting effect · Purpose change4 facts ▸
- General meeting, 31-01-2026
- Merger, verrichting gelijkgesteld met fusie door overneming, 31-01-2026
- Accounting effect, 01-01-2026
- Purpose change, De vennootschap heeft als voorwerp: 1. Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning, organisatie, efficiënt…
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €681k ▲33%
Operating result €964k, net result €681k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €164k ▼26%
Net result drops to €164k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Anneessensstraat 3-52018 AntwerpenGround area
575 m²
Building footprint
574 m²
Volume, LiDAR
12,132 m³
Parcel 11808H1250/00D000, Flanders · tallest building 26.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Anneessensstraat 3-5, 2018 Antwerpen
since 20022.101.677.620
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1250/00D000 | Flanders | 575 m² | 1 · 574 m² | 26.4 m · 8 fl. |
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.
Structure & network
Acquisitions and mergers
1 transactionTook over:PhaRa PLUS Life Science Services
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 33,764 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
Founded27-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.phara.eu
E-mail:i.theeuwes@phara.eu