DENIS PHILIPPE
ActiveDENIS PHILIPPE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €540k and a net result of €-4k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 1740 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▼-11
Solvency100▲+8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 4.12 against 1.68 in 2023; short-term debt: 6.6% and cash: 5.9% of total assets), and 20.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 69
Relative position
BE, all sectors
reference
Sector 69
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
79.9%
Return on assets
-0.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
62 d late
2023
15 d early
2022
31 d late
2021
5 d early
2020
1 d early
2019
25 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-4k
2023 · €66k
2018: €2k
2019: €6k
2020: €52k
2021: €82k
2022: €78k
2023: €66k
2018 → 2024
Working capital
€139k▲ 16.6%
2023 · €119k
2018: €-29k
2019: €-53k
2020: €-51k
2021: €-5k
2022: €28k
2023: €119k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€318k-€400k▲ 25.8%€478k▲ 19.5%€545k▲ 13.8%€540k▼ 0.8%
Operating result€102k-€115k▲ 12.9%€113k▼ 1.9%€109k▼ 3.7%€20k▼ 81.5%
Net result€52k-€82k▲ 58.1%€78k▼ 5.0%€66k▼ 15.1%€-4k
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 82% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €676k
Fixed assets
€492k▼ 4.7%
Current assets
€184k▼ 37.5%
Equity and liabilities €676k
Equity
€540k▼ 0.8%
Provisions
€91k=
Debt
€45k▼ 74.4%
The debt ratio falls from 21.6% to 6.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€46k▼
2023 · €135k
Cash flow
€22k▼
2023 · €92k
Solvency
79.9%▲
2023 · 67.2%
Current ratio
4.12▲
2023 · 1.68
Quick ratio
4.12▲
2023 · 1.68
Debt / equity
0.08▼
2023 · 0.32
ROE
-0.8%▼
2023 · 12.2%
ROA
-0.7%▼
2023 · 8.2%
Interest coverage
47.88▼
2023 · 89.00
Debt
€45k▼
2023 · €175k
Debt ≤ 1 year
€45k▼
2023 · €175k
Income taxes
€22k▼
2023 · €41k
Staff costs
€824
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€811k€676k▼
Fixed assets21/28€517k€492k▼
Tangible fixed assets22/27€513k€490k▼
Land and buildings22€509k€486k▼
Furniture and vehicles24€3k€4k▲
Other tangible fixed assets26€638€478▼
Financial fixed assets28€4k€2k▼
Current assets29/58€294k€184k▼
Amounts receivable within one year40/41€172k€119k▼
Trade receivables40€162k€72k▼
Other amounts receivable41€10k€46k▲
Current investments50/53€95k€26k▼
Cash at bank and in hand54/58€27k€40k▲
Equity and liabilities
Total equity and liabilities10/49€811k€676k▼
Equity10/15€545k€540k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133-€2k
Profit (loss) carried forward14€530k€526k▼
Provisions and deferred taxes16€91k€91k=
Provisions for liabilities and charges160/5€91k€91k=
Pensions and similar obligations160€91k€91k=
Amounts payable17/49€175k€45k▼
Amounts payable within one year42/48€175k€45k▼
Current portion of amounts payable after more than one year42€3k€0▼
Trade debts44€66k€13k▼
Suppliers440/4€66k€13k▼
Taxes, remuneration and social security45€18k€8k▼
Taxes450/3€18k€8k▼
Other amounts payable47/48€88k€23k▼
Income statement
Code20232024
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62-€824
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k▲
Other operating charges640/8€39k€39k▼
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€178k€86k▼
Operating profit (loss)9901€109k€20k▼
Financial income75/76B€0€399▲
Recurring financial income75€0€399▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€971▼
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€107k€18k▼
Income taxes67/77€41k€22k▼
Profit (loss) for the period9904€66k€-4k▼
Profit (loss) for the period to be appropriated9905€66k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€530k€526k▼
Profit (loss) brought forward from the previous period14P€464k€530k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 62 days late
2024
31-12
Financial
Weakest financial yearnet €-4k ▼107%
Net result drops to €-4k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 4.12
Current ratio from 1.68 to 4.12; short-term debt falls from €175k to €45k.
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €500kEq €545k ▲13.8%
6 profitable years in a row build equity to €545k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €82k ▲58.1%
Operating result €115k, net result €82k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Watermaal-Bosvoorde · 1 establishment unit since 1998
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.
Glimwormenlaan 161170 Watermaal-BosvoordeGround area
128 m²
Building footprint
124 m²
Volume, LiDAR
1,153 m³
Parcel 21652E0018/00K002, Brussels · tallest building 12.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
DENIS PHILIPPE
since 19982.362.714.419
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0018/00K002 | Brussels | 128 m² | 1 · 124 m² | 12.2 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
87550087G6B1O230LC59
Similar companies · same sector, comparable size
NATASCHA GERLACH
BE 0649.609.295
Brussel · Eq €540k
PETEN SERGE
BE 0890.974.395
Brussel · Eq €540k
ADVOCAAT ISABELLE DE SOMVIELE
BE 0833.415.288
Watermaal-Bosvoorde · Eq €541k
ADVOCATUUR BEMIDDELING & ARBITRAGE FILIP vAN BERGEN
BE 0840.695.733
Antwerpen · Eq €541k
ADVOCATENKANTOOR PHILIPPE TERMOTE
BE 0836.068.833
Knokke-Heist · Eq €539k
Of 22,052 companies in sector 69101 we hold annual accounts for 9,053. 5,713 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-1999
Fiscal year end31-12
Activities, NACEBEL
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.