Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
CiGuPhar from Tubize, company number BE0768329971, closed financial year 2025 with a result of € 5,741 after tax. For that financial year CiGuPhar recorded a gross margin of € 23,972 and equity of € 41,683. Compared with financial year 2024, the result moved from € 30,942 to € 5,741. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 41,683
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,741
▼ 81% vs 2024
Profit after tax over the fiscal year.
€ 128,144
▲ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 36,683.
People and assets in 2025
€ 27,912
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 219,400
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,124
▼ 94% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 103,454 | € 45,856 | € 58,869 | € 23,972 | ▼ 59% |
| Profit after taxes | € 81,604 | € 24,672 | € 30,942 | € 5,741 | ▼ 81% |
| Equity | € 86,604 | € 111,276 | € 35,942 | € 41,683 | ▲ 16% |
| Total debts | € 156,425 | € 311,944 | € 348,212 | € 279,974 | ▼ 20% |
| Cash | € 138,923 | € 121,943 | € 110,068 | € 128,144 | ▲ 16% |
| Retained profit | € 81,604 | € 106,276 | € 30,942 | € 36,683 | ▲ 19% |
| Dividend | € 0 | € 0 | € 106,276 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 24,486 | € 14,682 | € 0 | ▼ 100% |
| Balance sheet total | € 243,029 | € 423,219 | € 384,154 | € 321,657 | ▼ 16% |
Key figures of CiGuPhar, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CiGuPhar?
What happened at CiGuPhar in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,741 (▼ 81% vs 2024). Source: NBB ↗
- Cosmex became a director. NBB
- Medicazu Consulting & Concept BV stepped down as director. NBB
- New establishment in Tubize. KBO
- Medicazu Consulting & Concept BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 81,604 profit in 2022 to € 5,741 profit in 2025.
Paid € 39,234 in corporate taxes since 2022.
Best year ever: 2022, with € 81,604 profit.
Paid out € 106,276 in dividends to the owners in total.
Management
The stake of COSMEX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CiGuPharBehind CiGuPhar is Cosmex. The shares are held by COSMEX (100%).
Directors
According to the 2025 annual accounts
Director · represented by Sebastiaan Favoreel
since 2025
since 2021 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue François Englert 10
1480 Tubize
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0768.329.971
- VAT number
- BE 0768.329.971
- Registered office
- Rue François Englert 10, 1480 Tubize
- Names & denominations
- CiGuPhar
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 May 2021
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
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