46phi
ActiveSummary
46phi has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €347k and a net result of €172k. Equity is growing by ~45.8% per year across the filed fiscal years. Its solvency ranks better than 90% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 7.27 against 5.46 in 2023; short-term debt: 11.7% and cash: 59.1% of total assets), and 11.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
88.1%
Return on assets
43.8%
Age of the figures
21 mo
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 02-07-2025, 29 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
28 d early
2022
47 d early
2021
34 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€347k▲ 98.6%
2023 · €175k
2021: €131k
2022: €114k▼ -13.0% vs 2021lowest in 4 years
2023: €175k▲ +53.5% vs 2022
2024: €347k▲ +98.6% vs 2023highest in 4 years
2021 → 2024
Total assets
€393k▲ 101%
2023 · €195k
2021: €131k
2022: €115k▼ -12.0% vs 2021lowest in 4 years
2023: €195k▲ +69.7% vs 2022
2024: €393k▲ +101% vs 2023highest in 4 years
2021 → 2024
Net result
€172k▲ 183%
2023 · €61k
2021: €-16k
2022: €-17k▼ -5.7% vs 2021lowest in 4 years
2023: €61k▲ +458% vs 2022
2024: €172k▲ +183% vs 2023highest in 4 years
2021 → 2024
Working capital
€289k▲ 222%
2023 · €90k
2021: €35klowest in 4 years
2022: €55k▲ +55.4% vs 2021
2023: €90k▲ +64.7% vs 2022
2024: €289k▲ +222% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€131k-€114k▼ 13.0%€175k▲ 53.5%€347k▲ 98.6%
2021: €131k
2022: €114k▼ -13.0% vs 2021lowest in 4 years
2023: €175k▲ +53.5% vs 2022
2024: €347k▲ +98.6% vs 2023highest in 4 years
Operating result€-16k-€-17k▼ 5.7%€68k€246k▲ 263%
2021: €-16k
2022: €-17k▼ -5.7% vs 2021lowest in 4 years
2023: €68k▲ +501% vs 2022
2024: €246k▲ +263% vs 2023highest in 4 years
Net result€-16k-€-17k▼ 5.7%€61k€172k▲ 183%
2021: €-16k
2022: €-17k▼ -5.7% vs 2021lowest in 4 years
2023: €61k▲ +458% vs 2022
2024: €172k▲ +183% vs 2023highest in 4 years
Turnover and EBIT margin not published: the micro 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 263% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €393k
Fixed assets
€58k ▼ 32.2%
Current assets
€335k ▲ 205%
Equity and liabilities €393k
Equity
€347k ▲ 98.6%
Debt
€47k ▲ 126%
Debt's share of the balance-sheet total rises from 10.6% to 11.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€274k▲
2023 · €101k
Cash flow
€200k▲
2023 · €94k
Current ratio
7.27▲
2023 · 5.46
Debt to equity
0.13▲
2023 · 0.12
ROE
49.6%▲
2023 · 34.8%
ROA
43.8%▲
2023 · 31.2%
Interest coverage
5706.50▲
2023 · 1833.41
Debt ≤ 1 year
€46k▲
2023 · €20k
Income taxes
€74k▲
2023 · €7k
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 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€195k€393k▲
Fixed assets21/28€85k€58k▼
Tangible fixed assets22/27€85k€58k▼
Plant, machinery and equipment23€652€3k▲
Furniture and vehicles24€5k€55k▲
Other tangible fixed assets26€80k€0▼
Current assets29/58€110k€335k▲
Amounts receivable within one year40/41€24k€101k▲
Trade receivables40€22k€100k▲
Other amounts receivable41€2k€391▼
Cash at bank and in hand54/58€84k€233k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€195k€393k▲
Equity10/15€175k€347k▲
Contributions10/11€147k€147k=
Reserves13-€172k
Distributable reserves133-€172k
Profit (loss) carried forward14€28k€28k=
Amounts payable17/49€21k€47k▲
Amounts payable within one year42/48€20k€46k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€18k€44k▲
Taxes450/3€18k€44k▲
Accrued charges and deferred income492/3€529€527▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€27k▼
Other operating charges640/8€384€387▲
Gross operating margin9900€101k€274k▲
Operating profit (loss)9901€68k€246k▲
Financial charges65/66B€55€48▼
Recurring financial charges65€55€48▼
Profit (loss) for the period before taxes9903€68k€246k▲
Income taxes67/77€7k€74k▲
Profit (loss) for the period9904€61k€172k▲
Profit (loss) for the period to be appropriated9905€61k€172k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€200k▲
Profit (loss) brought forward from the previous period14P€-33k€28k▲
Transfer to equity691/2-€172k
To other reserves6921-€172k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €36k | €33k | €27k | ▼ 16.1% |
| Other operating charges640/8 | €695 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €3k | €20k | €101k | €274k | ▲ 171% |
| Operating profit (loss)9901 | €-16k | €-17k | €68k | €246k | ▲ 263% |
| Financial charges65/66B | €44 | €48 | €55 | €48 | ▼ 12.6% |
| Recurring financial charges65 | €44 | €48 | €55 | €48 | ▼ 12.6% |
| Profit (loss) for the period before taxes9903 | €-16k | €-17k | €68k | €246k | ▲ 263% |
| Income taxes67/77 | - | - | €7k | €74k | ▲ 951% |
| Profit (loss) for the period9904 | €-16k | €-17k | €61k | €172k | ▲ 183% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €-17k | €61k | €172k | ▲ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €131k | €115k | €195k | €393k | ▲ 101% |
| Fixed assets21/28 | €96k | €59k | €85k | €58k | ▼ 32.2% |
| Tangible fixed assets22/27 | €96k | €59k | €85k | €58k | ▼ 32.2% |
| Plant, machinery and equipment23 | - | - | €652 | €3k | ▲ 368% |
| Furniture and vehicles24 | €8k | €6k | €5k | €55k | ▲ 1,069% |
| Other tangible fixed assets26 | €88k | €53k | €80k | €0 | ▼ 100% |
| Current assets29/58 | €35k | €56k | €110k | €335k | ▲ 205% |
| Amounts receivable within one year40/41 | €5k | €3k | €24k | €101k | ▲ 321% |
| Trade receivables40 | €1 | €2k | €22k | €100k | ▲ 351% |
| Other amounts receivable41 | €5k | €253 | €2k | €391 | ▼ 76.6% |
| Cash at bank and in hand54/58 | €30k | €53k | €84k | €233k | ▲ 176% |
| Deferred charges and accrued income490/1 | €61 | €72 | €2k | €2k | ▲ 18.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €131k | €115k | €195k | €393k | ▲ 101% |
| Equity10/15 | €131k | €114k | €175k | €347k | ▲ 98.6% |
| Contributions10/11 | €147k | €147k | €147k | €147k | = |
| Reserves13 | - | - | - | €172k | - |
| Distributable reserves133 | - | - | - | €172k | - |
| Profit (loss) carried forward14 | €-16k | €-33k | €28k | €28k | = |
| Amounts payable17/49 | €68 | €1k | €21k | €47k | ▲ 126% |
| Amounts payable within one year42/48 | €68 | €1k | €20k | €46k | ▲ 129% |
| Trade debts44 | €68 | €1k | €2k | €2k | ▼ 18.5% |
| Suppliers440/4 | €68 | €1k | €2k | €2k | ▼ 18.5% |
| Taxes, remuneration and social security45 | - | - | €18k | €44k | ▲ 148% |
| Taxes450/3 | - | - | €18k | €44k | ▲ 148% |
| Accrued charges and deferred income492/3 | - | - | €529 | €527 | ▼ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €-17k | €61k | €172k | ▲ 183% |
| + Depreciation and write-downs630 | €19k | €36k | €33k | €27k | ▼ 16.1% |
| Operating cash flow (approximation) | €3k | €19k | €94k | €200k | ▲ 113% |
| Investment in fixed assets (approximation) | - | €0 | €-59k | €0 | ▲ 100% |
| Change in cash | - | €23k | €31k | €148k | ▲ 377% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €172k ▲183%
Operating result €246k, net result €172k, both a record.
31-12
Financial
Equity above €200kEq €347k ▲98.6%
2 profitable years in a row build equity to €347k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €61k
Net result €61k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €175k ▲53.5%
Equity rises from €114k to €175k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Begijnendijk · 1 establishment unit since 2020
Ground area
815 m²
Building footprint
121 m²
Volume, LiDAR
685 m³
Parcel 24010B0488/00R000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Willekenslaan 76, 3130 Begijnendijk
since 20202.314.449.001
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24010B0488/00R000 | Flanders | 815 m² | 1 · 121 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,432 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
47252Retail sale of beverages, general range
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
68204Real estate activities
70200Business and other management consultancy
77110Renting and leasing of cars and light motor vehicles
93130Fitness centres
96230Day spas, saunas and steam baths
Scores and ratios are computed by Checked and are not a credit decision.