GERPHI
ActiveGERPHI has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €437k and a net result of €200k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 12665 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+29
Solvency73▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.3 against 1.26 in 2024; short-term debt: 26.4% and cash: 3.9% of total assets), and 52.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.8%
Return on assets
21.8%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
42 d late
2023
92 d early
2022
31 d late
2021
30 d late
2020
27 d late
2019
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€437k▼ 28.6%
2024 · €613k
2018: €82k
2019: €425k
2020: €440k
2021: €528k
2022: €657k
2023: €943k
2024: €613k
2018 → 2025
Total assets
€915k▼ 13.5%
2024 · €1.06M
2018: €363k
2019: €766k
2020: €751k
2021: €1.10M
2022: €1.15M
2023: €1.41M
2024: €1.06M
2018 → 2025
Net result
€200k▲ 17.9%
2024 · €169k
2018: €26k
2019: €347k
2020: €15k
2021: €82k
2022: €129k
2023: €287k
2024: €169k
2018 → 2025
Working capital
€-168k
2024 · €41k
2018: €3k
2019: €-16k
2020: €-19k
2021: €-1k
2022: €77k
2023: €279k
2024: €41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€528k-€657k▲ 24.4%€943k▲ 43.7%€613k▼ 35.1%€437k▼ 28.6%
Operating result€142k-€119k▼ 16.3%€132k▲ 11.3%€201k▲ 52.3%€191k▼ 4.9%
Net result€82k-€129k▲ 57.7%€287k▲ 123%€169k▼ 41.0%€200k▲ 17.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €915k
Fixed assets
€841k▼ 2.5%
Current assets
€73k▼ 62.4%
Equity and liabilities €915k
Equity
€437k▼ 28.6%
Debt
€477k▲ 7.3%
The debt ratio rises from 42.1% to 52.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€213k▼
2024 · €224k
Cash flow
€222k▲
2024 · €192k
Solvency
47.8%▼
2024 · 57.9%
Current ratio
0.30▼
2024 · 1.26
Quick ratio
0.30▼
2024 · 1.26
Debt / equity
1.09▲
2024 · 0.73
ROE
45.6%▲
2024 · 27.6%
ROA
21.8%▲
2024 · 16.0%
Interest coverage
54.86▲
2024 · 3.45
Debt
€477k▲
2024 · €445k
Debt ≤ 1 year
€242k▲
2024 · €154k
Debt > 1 year
€236k▼
2024 · €291k
Income taxes
€49k▲
2024 · €36k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.06M€915k▼
Fixed assets21/28€863k€841k▼
Tangible fixed assets22/27€266k€245k▼
Land and buildings22€224k€215k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€39k€27k▼
Financial fixed assets28€597k€597k=
Current assets29/58€195k€73k▼
Amounts receivable within one year40/41€107k€21k▼
Trade receivables40€17k€42▼
Other amounts receivable41€90k€21k▼
Current investments50/53€0-
Cash at bank and in hand54/58€87k€36k▼
Deferred charges and accrued income490/1€1k€16k▲
Equity and liabilities
Total equity and liabilities10/49€1.06M€915k▼
Equity10/15€613k€437k▼
Contributions10/11€19k€19k=
Reserves13€594k€419k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€592k€417k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€445k€477k▲
Amounts payable after more than one year17€291k€236k▼
Financial debts170/4€291k€236k▼
Amounts payable within one year42/48€154k€242k▲
Current portion of amounts payable after more than one year42€58k€55k▼
Financial debts43-€49
Credit institutions430/8-€49
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Advances received on contracts in progress46€147-
Taxes, remuneration and social security45€92k€18k▼
Taxes450/3€92k€18k▼
Other amounts payable47/48€0€167k▲
Accrued charges and deferred income492/3€252€300▲
Income statement
Code20242025
Non-recurring operating income76A€75k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€227k€216k▼
Operating profit (loss)9901€201k€191k▼
Financial income75/76B€69k€61k▼
Recurring financial income75€69k€61k▼
Non-recurring financial income76B€0-
Financial charges65/66B€65k€4k▼
Recurring financial charges65€65k€4k▼
Profit (loss) for the period before taxes9903€205k€249k▲
Income taxes67/77€36k€49k▲
Profit (loss) for the period9904€169k€200k▲
Profit (loss) for the period to be appropriated9905€169k€200k▲
Appropriation of the result
Profit (loss) to be appropriated9906€169k€200k▲
Transfer from equity791/2€500k€275k▼
Transfer to equity691/2€169k€100k▼
To other reserves6921€169k€100k▼
Profit to be distributed694/7€500k€375k▼
Return on contributions (dividend)694€500k€375k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.01
Current ratio from 0.98 to 2.01; short-term debt falls from €85k to €76k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €500kEq €528k ▲19.9%
4 profitable years in a row build equity to €528k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €15k ▼95.5%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Highest result since 2018net €347k ▲1219%
Operating result €381k, net result €347k, both a record.
31-12
Financial
Equity above €200kEq €425k ▲417%
2 profitable years in a row build equity to €425k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortrijk · 2 establishment units since 2013
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.
Graanmarkt(Kor) 1/A0418500 KortrijkGround area
1,442 m²
Building footprint
1,170 m²
Volume, LiDAR
18,094 m³
3 parcels, Flanders · tallest building 26.9 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
GERPHI BVBA
since 20132.223.890.591
Westendestraat(Kok) 11, 8670 Koksijde
since 20202.298.855.458
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022G0440/00C000 | Flanders | 715 m² | 1 · 715 m² | 26.9 m · 7 fl. |
| 38342G0479/00B000 | Flanders | 481 m² | 1 · 455 m² | 10.9 m · 3 fl. |
| 34022G0439/00D000 | Flanders | 246 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
254900D28RFXVUJC2B20
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Of 1,020 companies in sector 69103 we hold annual accounts for 611. 460 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-2013
Fiscal year end31-12
Activities, NACEBEL
69103Activities of bailiffs
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.