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PHICAP PROJECT MANAGEMENT

Active
Public limited companyfounded 2009active for 17 yearsVorstlaan 100, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0811.721.338
Summary

PHICAP PROJECT MANAGEMENT has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €436,995 and a net result of €155,651. Equity has been growing by about 27% per year since 2019. Its solvency ranks better than 33% of 892 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Official details

Source: KBO
Status
Active since 14-05-2009 Normal situation
Registered office
75 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 3 November 2026.
Activity
Activities of building architects NACE 71111and 1 other
Establishment unit
2.178.111.046 1170 Watermaal-Bosvoorde, since 29-04-2009
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board
  • GOLDBERG MichaelDirector · since 18-06-2025
Shareholders
Holdings
Shares in 1 company PHICAP FRANCE SAS

Financial position

85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Gross margin
€1.8m
▲ 5.6%
Turnover
≈ €3.2m
estimated
Profit
€155,651
▼ 48.1%
Equity
€436,995
▼ 3.3%
Total assets
€1.6m
▲ 13.5%
Employees on 31-12-2025
16
=
  • 2025 accounts filed 3 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.98, cash €30,796, halvedlowers riskFigures for financial year 2025 (filed on 03-08-2026)Profit of €155,651 (financial year 2025)Legal form: public limited companyShow the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 32% of small companies in architecture and engineering (NACE 71)
Financial strength · tick: 2024
Average
Solvency 52-5
equity 27.2% of total assets
Liquidity 14-9
short-term debt 71.0% · cash 1.9%
Profitability 76-19
return on assets 9.7%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (690 companies, NACE 71, small)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.3%▲ +0.1 percentage points vs 03-2025 05-2025: 0.2%▼ -0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025lowest value 08-2025: 0.2%● unchanged vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.2%● unchanged vs 10-2025lowest value 12-2025: 0.2%● unchanged vs 11-2025lowest value 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.3%▼ -0.2 percentage points vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.98 (1.09 in 2024), below 1. Short-term debt is 71% and cash 1.9% of total assets. 72.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, small). It does better than 32% of them on solvency, 8% on liquidity, 61% on profitability and 26% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.98, cash €30,796, halved
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 03-08-2026)
NBB · annual accounts
lowers risk · Profit of €155,651 (financial year 2025)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
3 days late
2024
42 days early
2023
36 days early
2022
124 days early
2021
24 days late
2020
68 days late
2019
24 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (4 of the last 5 accounts filed within 59 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 3rd fastest staff growth in Watermaal-Bosvoorde, Professional and technical services sectorin the Checked rankings No. 3 View
  • Caution: Result fell in 2025from €299,807 to €155,651 ▼ 48.1% View
  • Positive: 5 profitable years in a rowprofit 2025: €155,651 5 years View

Recent changes

  1. · Gazette deed Company renamed from AMIRATO to PHICAP PROJECT MANAGEMENT
  2. · Gazette deed Resignations & appointments
  3. · Gazette deed Incorporation
All 19 events

Comparable companies

These companies have the same main activity as PHICAP PROJECT MANAGEMENT: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €1.1m and €2.4m, founded between 2004 and 2014.

CompanyTotal assetsGross margin
PHICAP PROJECT MANAGEMENT Watermaal-Bosvoorde€1.6m€1.8m
ATELIER RUIMTELIJK ADVIES Antwerpen€1.5m€1.5m
M.G. BUILD Gent€1.1m€2.2m
UTIL ROYAL Schaarbeek€2.4m€1.1m
B SOLUTIONS ARCHITECTES Gembloux€2.3m€1.5m
MIEKE VAN HERCK ARCHITECTS Herentals€1.5m€1.2m
Martens Van Caimere architecten Gent€2.2m€1.6m
Full comparison

Key facts about PHICAP PROJECT MANAGEMENT

What is the company number of PHICAP PROJECT MANAGEMENT?
The company number of PHICAP PROJECT MANAGEMENT is 0811.721.338. The VAT number is the same number with BE in front: BE 0811.721.338.
Where is PHICAP PROJECT MANAGEMENT based?
The registered office is at Vorstlaan 100, 1170 Watermaal-Bosvoorde.Company details
What does PHICAP PROJECT MANAGEMENT do?
According to the KBO register, the main activity is activities of building architects (NACE 71111).
What is the legal form of PHICAP PROJECT MANAGEMENT?
The legal form of PHICAP PROJECT MANAGEMENT is Public limited company (NV).
When was PHICAP PROJECT MANAGEMENT founded?
PHICAP PROJECT MANAGEMENT was founded on 14-05-2009.
Is PHICAP PROJECT MANAGEMENT still active?
Yes, PHICAP PROJECT MANAGEMENT is an active enterprise in the KBO register.
How many employees does PHICAP PROJECT MANAGEMENT have?
PHICAP PROJECT MANAGEMENT had an average of 16.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PHICAP PROJECT MANAGEMENT?
The turnover in financial year 2025 is ≈ €3.2m. This figure is estimated from the gross margin of €1.8m and 1,584 comparable companies of the same size. It probably lies between €2.1m and €5.2m. It is a rough estimate.
Is PHICAP PROJECT MANAGEMENT profitable?
In financial year 2025, PHICAP PROJECT MANAGEMENT made a profit of €155,651.
Where can I find the annual accounts of PHICAP PROJECT MANAGEMENT?
PHICAP PROJECT MANAGEMENT filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PHICAP PROJECT MANAGEMENT due?
PHICAP PROJECT MANAGEMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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