EN PHASE
ActiveSummary
The annual accounts of EN PHASE for fiscal year 2025 show a net loss of 58% of total assets and of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €7,815 and a net result of -€9,656. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 3507 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-97
Solvency72▼-28
Growth47▼-17
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.89 against 3.85 in 2024; short-term debt: 52.8% and cash: 4.4% of total assets), but 52.8% of the assets are financed with debt.
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Signals
Five 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
47.2%
Return on assets
-58.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 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 · 7 filingsDeviation from the deadline
2025
23 d late
2024
16 d late
2023
10 d late
2022
30 d early
2021
13 d late
2020
21 d late
2019
50 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€94,365▼ 19.4%
2022 · €117,062
EBIT margin
-16.1%▼ 18.0pp
2022 · 1.9%
Net result
-€9,656
2024 · €5,159
Working capital
€7,784▼ 44.1%
2024 · €13,917
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€130,895€117,062▼ 10.6%€94,365▼ 19.4%
Operating result€25,712▲ 1,060%€2,207▼ 91.4%-€15,210€7,453-€11,119
Net result€20,888within the sector's middle half▲ 880%€1,557within the sector's middle half▼ 92.5%-€15,536below the sector's middle half€5,159within the sector's middle half-€9,656below the sector's middle half
EBIT margin19.6%1.9%▼ 17.8pp-16.1%▼ 18.0pp
Equity€26,291within the sector's middle half▲ 387%€27,849within the sector's middle half▲ 5.9%€12,313within the sector's middle half▼ 55.8%€17,472within the sector's middle half▲ 41.9%€7,815below the sector's middle half▼ 55.3%
Total assets€42,029below the sector's middle half▲ 266%€48,151within the sector's middle half▲ 14.6%€24,756below the sector's middle half▼ 48.6%€22,485below the sector's middle half▼ 9.2%€16,568below the sector's middle half▼ 26.3%
Debt€15,737▲ 159%€20,302▲ 29.0%€12,443▼ 38.7%€5,013▼ 59.7%€8,753▲ 74.6%
Working capital€21,241within the sector's middle half▲ 970%€22,776within the sector's middle half▲ 7.2%€9,005within the sector's middle half▼ 60.5%€13,917within the sector's middle half▲ 54.5%€7,784within the sector's middle half▼ 44.1%
Solvency62.6%within the sector's middle half▲ 15.4pp57.8%within the sector's middle half▼ 4.7pp49.7%within the sector's middle half▼ 8.1pp77.7%above the sector's middle half▲ 28.0pp47.2%within the sector's middle half▼ 30.5pp
Current ratio2.35within the sector's middle half▲ 1.022.61within the sector's middle half▲ 0.262.20within the sector's middle half▼ 0.413.85within the sector's middle half▲ 1.651.89within the sector's middle half▼ 1.96
Return on assets (ROA)49.7%above the sector's middle half▲ 31.1pp3.2%within the sector's middle half▼ 46.5pp-62.8%below the sector's middle half▼ 66.0pp22.9%within the sector's middle half▲ 85.7pp-58.3%below the sector's middle half▼ 81.2pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11,119 after €7,453 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16,568
Fixed assets
€31 ▼ 99.1%
Current assets
€16,537 ▼ 12.0%
Equity and liabilities €16,568
Equity
€7,815 ▼ 55.3%
Debt
€8,753 ▲ 74.6%
Debt's share of the balance-sheet total rises from 22.3% to 52.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,462▼
2024 · €12,014
Cash flow
-€5,999▼
2024 · €9,720
Debt to equity
1.12▲
2024 · 0.29
ROE
-123.6%▼
2024 · 29.5%
Interest coverage
-27.40▼
2024 · 41.94
Debt ≤ 1 year
€8,753▲
2024 · €4,879
Income taxes
-€1,735▼
2024 · €2,008
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,597 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €130,895 | €117,062 | €94,365 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €107,089 | €118,733 | €107,043 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,404 | €2,210 | €5,112 | €4,561 | €3,657 | ▼ 19.8% |
| Other operating charges640/8 | - | €2,574 | €374 | €394 | €407 | ▲ 3.4% |
| Gross operating margin9900 | €28,116 | €6,991 | -€9,724 | €12,408 | -€7,055 | ▼ 157% |
| Operating profit (loss)9901 | €25,712 | €2,207 | -€15,210 | €7,453 | -€11,119 | ▼ 249% |
| Financial income75/76B | €9 | - | €0 | - | - | - |
| Recurring financial income75 | €9 | - | €0 | - | - | - |
| Financial charges65/66B | €94 | €144 | €194 | €286 | €272 | ▼ 4.9% |
| Recurring financial charges65 | €94 | €144 | €194 | €286 | €272 | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €25,626 | €2,062 | -€15,404 | €7,167 | -€11,392 | ▼ 259% |
| Income taxes67/77 | €4,739 | €505 | €132 | €2,008 | -€1,735 | ▼ 186% |
| Profit (loss) for the period9904 | €20,888 | €1,557 | -€15,536 | €5,159 | -€9,656 | ▼ 287% |
| Profit (loss) for the period to be appropriated9905 | €20,888 | €1,557 | -€15,536 | €5,159 | -€9,656 | ▼ 287% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,029 | €48,151 | €24,756 | €22,485 | €16,568 | ▼ 26.3% |
| Fixed assets21/28 | €5,050 | €11,219 | €8,249 | €3,688 | €31 | ▼ 99.1% |
| Tangible fixed assets22/27 | €5,050 | €11,219 | €8,249 | €3,688 | €31 | ▼ 99.1% |
| Plant, machinery and equipment23 | €1,671 | €8,916 | €7,021 | €3,245 | €31 | ▼ 99.0% |
| Furniture and vehicles24 | €3,379 | €2,303 | €1,228 | €443 | - | - |
| Current assets29/58 | €36,979 | €36,932 | €16,506 | €18,796 | €16,537 | ▼ 12.0% |
| Amounts receivable within one year40/41 | €9,745 | €15,561 | €16,506 | €17,654 | €15,803 | ▼ 10.5% |
| Trade receivables40 | €9,656 | €10,809 | €14,371 | €15,731 | €14,428 | ▼ 8.3% |
| Other amounts receivable41 | €89 | €4,752 | €2,135 | €1,923 | €1,375 | ▼ 28.5% |
| Cash at bank and in hand54/58 | €27,234 | €21,371 | €0 | €1,142 | €734 | ▼ 35.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,029 | €48,151 | €24,756 | €22,485 | €16,568 | ▼ 26.3% |
| Equity10/15 | €26,291 | €27,849 | €12,313 | €17,472 | €7,815 | ▼ 55.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | €12,400 | €12,400 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €6,200 | €6,200 | - | - | - | - |
| Profit (loss) carried forward14 | €13,891 | €15,449 | -€87 | €5,072 | -€4,585 | ▼ 190% |
| Amounts payable17/49 | €15,737 | €20,302 | €12,443 | €5,013 | €8,753 | ▲ 74.6% |
| Amounts payable within one year42/48 | €15,737 | €14,156 | €7,501 | €4,879 | €8,753 | ▲ 79.4% |
| Financial debts43 | - | - | €779 | - | - | - |
| Credit institutions430/8 | - | - | €779 | - | - | - |
| Trade debts44 | €3,811 | €3,674 | €2,719 | €65 | €1,712 | ▲ 2,515% |
| Suppliers440/4 | €3,811 | €3,674 | €2,719 | €65 | €1,712 | ▲ 2,515% |
| Taxes, remuneration and social security45 | €11,927 | €10,482 | €4,003 | €4,813 | €4,951 | ▲ 2.8% |
| Taxes450/3 | €11,927 | €10,482 | €4,003 | €4,813 | €4,951 | ▲ 2.8% |
| Other amounts payable47/48 | - | - | - | - | €2,090 | - |
| Accrued charges and deferred income492/3 | - | €6,146 | €4,942 | €134 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,888 | €1,557 | -€15,536 | €5,159 | -€9,656 | ▼ 287% |
| + Depreciation and write-downs630 | €2,404 | €2,210 | €5,112 | €4,561 | €3,657 | ▼ 19.8% |
| Operating cash flow (approximation) | €23,291 | €3,768 | -€10,424 | €9,720 | -€5,999 | ▼ 162% |
| Investment in fixed assets (approximation) | - | -€8,379 | -€2,142 | €0 | €0 | - |
| Change in cash | - | -€5,863 | -€21,371 | €1,142 | -€408 | ▼ 136% |
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
Next filing, fiscal year 2026, expected by
2026
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
2025
16-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 16 days late
2024
31-12
Financial
Back to profitnet €5,159
Net result €5,159 after one loss-making year.
10-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 10 days late
2023
31-12
Financial
Weakest financial yearnet -€15,536
Net result drops to -€15,536, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 13 days late
2021
31-12
Financial
Highest result since 2019net €20,888 ▲880%
Operating result €25,712, net result €20,888, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 21 days late
2020
31-12
Financial
Back to profitnet €2,131
Net result €2,131 after one loss-making year.
19-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Ukkel · 1 establishment unit since 2019
Ground area
96 m²
Building footprint
82 m²
Volume, LiDAR
682 m³
Parcel 21616A0183/00C039, Brussels · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SPRL EN PHASE
since 20192.284.238.053
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0183/00C039 | Brussels | 96 m² | 1 · 82 m² | 13.6 m · 3 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 14,138 companies in sector 74201 we hold annual accounts for 2,616. 1,019 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
Founded08-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
74201Photography, excluding press photography
77400Rental and leasing activities
90399Other support activities for arts and performing arts
Contact
E-mail
philippartolivier@gmail.com
Phone
+32474836790
E-invoicing
Reachable via Peppol
Peppol ID
0208:0717798020
Also
9925:BE0717798020
Registered
09-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.