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Etablissements V. Philippe

Active
Public limited companyfounded 1978active for 48 yearsRue des Français 389, 4430 Ans, BelgiumKBO/BCE: BE 0418.409.993
Summary

Etablissements V. Philippe has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172,641 and a net result of €53,051. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 87% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 26-05-1978 Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 1 other
Establishment units
2.015.010.494 4430 Ans, since 01-06-1978
2.173.400.410 4870 Trooz, since 01-08-2008
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board
Shareholders

Financial position

99 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€89,602
▲ 4.0%
Turnover
≈ €120,000
estimated
Profit
€53,051
▲ 19.8%
Equity
€172,641
▲ 44.4%
Total assets
€210,200
▲ 9.4%
Score breakdownlowers riskLiquidity: current ratio 2.50, cash €83,142Founded in 1978Equity €172,641 (82.1% of total assets)Size: total assets €210,200Show the evidence

Checked score

Score 2025
99 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 91% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 100+13
equity 82.1% of total assets
Liquidity 95+20
short-term debt 17.9% · cash 39.6%
Profitability 100+2
return on assets 25.2%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (26,628 companies, NACE 68, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025highest value 10-2025: < 0.1%▼ -0.1 percentage points vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.5 (1.06 in 2024), above the usual 1.5. Short-term debt is 17.9% and cash 39.6% of total assets. 17.9% 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 68, micro). It does better than 91% of them on solvency, 93% on liquidity, 95% on profitability and 85% on growth.

The bankruptcy probability was computed on 04-11-2026 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

Six signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 2.50, cash €83,142
NBB · annual accounts
lowers risk · Founded in 1978
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €172,641 (82.1% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €210,200
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €172,641
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 days early
2024
29 days late
2023
12 days early
2022
13 days early
2021
92 days late
2020
116 days late
2019
89 days late
← 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 42 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 24 July (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 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: Higher solvency than 86% of companies in real estatesector median 29.0% · 17,149 companies 82.1% View
  • Positive: 8 profitable years in a rowprofit 2025: €53,051 8 years View
  • Positive: Equity rose in 2025from €119,590 to €172,641 ▲ 44.4% View

Recent changes

  1. · Gazette deed 3 directors appointed, 2 reappointedReappointments: VANDORMAEL Christophe (director) and VANDORMAEL Jean-Luc (director) · Appointments: VANDORMAEL Christophe (chair of the board) and VANDORMAEL Jean-Luc (managing director)
All 15 events

Comparable companies

These companies have the same main activity as Etablissements V. Philippe: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €172,000 and €267,000, founded between 1968 and 1983.

CompanyTotal assetsGross margin
Etablissements V. Philippe Ans€210,200€89,602
Hamofa Trucks en Trailers Hamont-Achel€225,387€84,329
D.M.P. - BEHEER Kampenhout€214,734€74,998
W H MONTGOMERY Liège€267,063€88,696
RENTALIS Seraing€172,206€61,627
Weverijen Decroos Frans Deerlijk€257,728€67,980
Incopneu Ronse€234,970€64,840
Full comparison

Key facts about Etablissements V. Philippe

What is the company number of Etablissements V. Philippe?
The company number of Etablissements V. Philippe is 0418.409.993. The VAT number is the same number with BE in front: BE 0418.409.993.
Where is Etablissements V. Philippe based?
The registered office is at Rue des Français 389, 4430 Ans.Company details
What does Etablissements V. Philippe do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of Etablissements V. Philippe?
The legal form of Etablissements V. Philippe is Public limited company (NV).
When was Etablissements V. Philippe founded?
Etablissements V. Philippe was founded on 26-05-1978.
Is Etablissements V. Philippe still active?
Yes, Etablissements V. Philippe is an active enterprise in the KBO register.
How many employees does Etablissements V. Philippe have?
Etablissements V. Philippe had an average of 2.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of Etablissements V. Philippe?
The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €89,602 and 45 comparable companies (NACE 682). It probably lies between €100,000 and €150,000.
Is Etablissements V. Philippe profitable?
In financial year 2025, Etablissements V. Philippe made a profit of €53,051.
Where can I find the annual accounts of Etablissements V. Philippe?
Etablissements V. Philippe filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Etablissements V. Philippe due?
Etablissements V. Philippe must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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