Management PhE
ActiveSummary
Management PhE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,790 and a net result of -€1,346. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 90% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▲+24
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 11.93 against 28.94 in 2024; short-term debt: 8.1% and cash: 3.3% of total assets), and 8.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
91.9%
Return on assets
-5.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,346
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 filingsDeviation from the deadline
2025
7 d early
2024
7 d early
2023
57 d late
2022
41 d early
2021
41 d early
2020
8 d early
2019
7 d early
← 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 8 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€22,790▼ 5.6%
2024 · €24,136
Total assets
€24,791▼ 0.7%
2024 · €24,966
Net result
-€1,346▲ 72.9%
2024 · -€4,960
Working capital
€21,860▼ 5.8%
2024 · €23,206
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8,122-€494€2,049-€5,710-€2,282▲ 60.0%
Net result€9,334▲ 1,869%€682▼ 92.7%€1,980▲ 190%-€4,960-€1,346▲ 72.9%
Equity€26,434▲ 54.6%€27,116▲ 2.6%€29,096▲ 7.3%€24,136▼ 17.0%€22,790▼ 5.6%
Total assets€91,735▲ 37.3%€92,641▲ 1.0%€37,015▼ 60.0%€24,966▼ 32.6%€24,791▼ 0.7%
Debt€65,302▲ 31.4%€65,526▲ 0.3%€7,920▼ 87.9%€831▼ 89.5%€2,001▲ 141%
Working capital€26,434▲ 54.6%€27,116▲ 2.6%€29,096▲ 7.3%€23,206▼ 20.2%€21,860▼ 5.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,282 in 2025 against €5,710 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24,791
Fixed assets
€930 =
Current assets
€23,861 ▼ 0.7%
Equity and liabilities €24,791
Equity
€22,790 ▼ 5.6%
Debt
€2,001 ▲ 141%
Debt's share of the balance-sheet total rises from 3.3% to 8.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
11.93▼
2024 · 28.94
Debt to equity
0.09▲
2024 · 0.03
ROE
-5.9%▲
2024 · -20.6%
ROA
-5.4%▲
2024 · -19.9%
Debt ≤ 1 year
€2,001▲
2024 · €831
Income taxes
€111▲
2024 · €53
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 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% | 1.6% |
| 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 74% 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 6,916 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €468 | €469 | €516 | €528 | €1,103 | ▲ 109% |
| Gross operating margin9900 | €8,589 | -€25 | €2,565 | -€5,182 | -€1,179 | ▲ 77.2% |
| Operating profit (loss)9901 | €8,122 | -€494 | €2,049 | -€5,710 | -€2,282 | ▲ 60.0% |
| Financial income75/76B | €1,857 | €1,885 | €0 | €877 | €1,114 | ▲ 27.0% |
| Recurring financial income75 | €1,857 | €1,885 | €0 | €877 | €1,114 | ▲ 27.0% |
| Financial charges65/66B | €645 | €709 | €69 | €74 | €67 | ▼ 9.2% |
| Recurring financial charges65 | €645 | €709 | €69 | €74 | €67 | ▼ 9.2% |
| Profit (loss) for the period before taxes9903 | €9,334 | €682 | €1,980 | -€4,907 | -€1,235 | ▲ 74.8% |
| Income taxes67/77 | - | - | - | €53 | €111 | ▲ 108% |
| Profit (loss) for the period9904 | €9,334 | €682 | €1,980 | -€4,960 | -€1,346 | ▲ 72.9% |
| Profit (loss) for the period to be appropriated9905 | €9,334 | €682 | €1,980 | -€4,960 | -€1,346 | ▲ 72.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,735 | €92,641 | €37,015 | €24,966 | €24,791 | ▼ 0.7% |
| Fixed assets21/28 | - | - | - | €930 | €930 | = |
| Financial fixed assets28 | - | - | - | €930 | €930 | = |
| Current assets29/58 | €91,735 | €92,641 | €37,015 | €24,036 | €23,861 | ▼ 0.7% |
| Amounts receivable after more than one year29 | - | - | - | €20,000 | €20,000 | = |
| Other amounts receivable291 | - | - | - | €20,000 | €20,000 | = |
| Amounts receivable within one year40/41 | €89,764 | €92,339 | €24,200 | €2,299 | €2,487 | ▲ 8.2% |
| Trade receivables40 | €26,000 | €24,120 | €0 | - | €1,181 | - |
| Other amounts receivable41 | €63,764 | €68,219 | €24,200 | €2,299 | €1,306 | ▼ 43.2% |
| Cash at bank and in hand54/58 | €1,971 | €303 | €12,815 | €1,205 | €815 | ▼ 32.4% |
| Deferred charges and accrued income490/1 | - | - | - | €532 | €559 | ▲ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,735 | €92,641 | €37,015 | €24,966 | €24,791 | ▼ 0.7% |
| Equity10/15 | €26,434 | €27,116 | €29,096 | €24,136 | €22,790 | ▼ 5.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €21,432 | €21,432 | €21,432 | €21,432 | €21,432 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €19,572 | €19,572 | €21,432 | €21,432 | €21,432 | = |
| Profit (loss) carried forward14 | -€7,399 | -€6,717 | -€4,737 | -€9,697 | -€11,042 | ▼ 13.9% |
| Amounts payable17/49 | €65,302 | €65,526 | €7,920 | €831 | €2,001 | ▲ 141% |
| Amounts payable within one year42/48 | €65,302 | €65,526 | €7,920 | €831 | €2,001 | ▲ 141% |
| Trade debts44 | €0 | - | - | €490 | €1,517 | ▲ 209% |
| Suppliers440/4 | €0 | - | - | €490 | €1,517 | ▲ 209% |
| Taxes, remuneration and social security45 | €5,421 | €2,500 | €7,718 | €53 | €111 | ▲ 108% |
| Taxes450/3 | €5,421 | €2,500 | €7,718 | €53 | €111 | ▲ 108% |
| Other amounts payable47/48 | €59,881 | €63,026 | €202 | €287 | €373 | ▲ 29.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,334 | €682 | €1,980 | -€4,960 | -€1,346 | ▲ 72.9% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | €9,334 | €682 | €1,980 | -€4,960 | -€1,346 | ▲ 72.9% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | -€1,669 | €12,513 | -€11,610 | -€390 | ▲ 96.6% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 6current ratio 28.94
Current ratio from 4.67 to 28.94; short-term debt falls from €7,920 to €831.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 4.67
Current ratio from 1.41 to 4.67; short-term debt falls from €65,526 to €7,920.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €12,412
Net result €12,412 after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Knokke-Heist · 1 establishment unit since 2012
Ground area
817 m²
Building footprint
446 m²
Volume, LiDAR
5,704 m³
Parcel 31334B0785/00A000, Flanders · tallest building 26.6 m, ±6 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
MANAGEMENT PhE
since 20122.214.031.829
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0785/00A000 | Flanders | 817 m² | 1 · 446 m² | 26.6 m · 6 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.
Similar companies · same sector, comparable size
Strat’Hr
BE 0787.932.879
Incourt · Eq €22,793
SOCIETE EUROPEENNE POUR L'INNOVATION TECHNOLOGIQUE
BE 0474.507.469
Elsene · Eq €22,786
JMK Consulting
BE 1013.119.171
Evere · Eq €22,796
DART Consulting
BE 0544.577.992
Remicourt · Eq €22,782
UpSide Finance
BE 0805.847.789
Jurbise · Eq €22,799
Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 31,940 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
Founded24-09-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849024964
Also
9925:BE0849024964
Registered
20-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.