P@H
ActiveSummary
P@H is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (€-366k) and a net result of €-73k. Equity is shrinking by ~39.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 5527 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 5527 sector peers (2025).
NBB · sector comparisonPosition among 5527 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
7 d early
2023
14 d early
2022
25 d early
2021
4 d early
2020
31 d early
2019
63 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-366k▼ 24.7%
2024 · €-294k
2018: €245k
2019: €157k
2021: €-113k
2022: €-180k
2023: €-219k
2024: €-294k
2018 → 2025
Net result
€-73k▲ 3.0%
2024 · €-75k
2018: €-33k
2019: €12k
2021: €-67k
2022: €-67k
2023: €-39k
2024: €-75k
2018 → 2025
Total assets
€1.49M▼ 24.3%
2024 · €1.96M
2018: €776k
2019: €1.04M
2021: €2.15M
2022: €2.10M
2023: €2.06M
2024: €1.96M
2018 → 2025
Solvency
-24.7%▼ 9.7pp
2024 · -15.0%
2018: 31.6%
2019: 15.1%
2021: -5.3%
2022: -8.6%
2023: -10.6%
2024: -15.0%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-113k-€-180k▼ 59.4%€-219k▼ 21.6%€-294k▼ 34.2%€-366k▼ 24.7%
Operating result€6k-€2k▼ 60.4%€32k▲ 1,181%€-6k€-36k▼ 542%
Net result€-67k-€-67k▼ 0.7%€-39k▲ 42.1%€-75k▼ 92.9%€-73k▲ 3.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2025 against €6k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.49M
Fixed assets
€1.44M▼ 4.8%
Current assets
€46k▼ 89.9%
Key figures and ratios
Solvency
-24.7%▼
2024 · -15.0%
ROA
-4.9%▼
2024 · -3.8%
Debt
€1.85M▼
2024 · €2.26M
Debt ≤ 1 year
€84k▼
2024 · €230k
Debt > 1 year
€1.77M▼
2024 · €2.03M
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€1.96M€1.49M▼
Fixed assets21/28€1.51M€1.44M▼
Intangible fixed assets21-€6k
Tangible fixed assets22/27€1.51M€1.43M▼
Land and buildings22€1.51M€1.43M▼
Plant, machinery and equipment23-€3k
Current assets29/58€449k€46k▼
Amounts receivable after more than one year29€17k€0▼
Other amounts receivable291€17k€0▼
Stocks and contracts in progress3-€11k
Stocks30/36-€11k
Amounts receivable within one year40/41€421k€8k▼
Trade receivables40€0€937▲
Other amounts receivable41€421k€7k▼
Cash at bank and in hand54/58€9k€12k▲
Deferred charges and accrued income490/1€2k€15k▲
Equity and liabilities
Total equity and liabilities10/49€1.96M€1.49M▼
Equity10/15€-294k€-366k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€-298k€-371k▼
Amounts payable17/49€2.26M€1.85M▼
Amounts payable after more than one year17€2.03M€1.77M▼
Financial debts170/4€2.03M€1.77M▼
Amounts payable within one year42/48€230k€84k▼
Current portion of amounts payable after more than one year42€58k€60k▲
Trade debts44€324€6k▲
Suppliers440/4€324€6k▲
Taxes, remuneration and social security45€4k€872▼
Taxes450/3€4k€872▼
Other amounts payable47/48€168k€17k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€89k▲
Other operating charges640/8€8k€273▼
Gross operating margin9900€90k€53k▼
Operating profit (loss)9901€-6k€-36k▼
Financial income75/76B€312€0▼
Recurring financial income75€312€0▼
Financial charges65/66B€70k€36k▼
Recurring financial charges65€70k€36k▼
Profit (loss) for the period before taxes9903€-75k€-73k▲
Profit (loss) for the period9904€-75k€-73k▲
Profit (loss) for the period to be appropriated9905€-75k€-73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-298k€-371k▼
Profit (loss) brought forward from the previous period14P€-223k€-298k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (19 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-75k
Net result drops to €-75k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 19current ratio 5.86
Current ratio from 0.31 to 5.86; short-term debt falls from €885k to €72k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Edegem · 1 establishment unit 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.
Boerenlegerstraat 2142650 EdegemGround area
3,783 m²
Building footprint
326 m²
Volume, LiDAR
2,114 m³
Parcel 11472C0383/00G003, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
P@H
since 20132.217.998.634
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472C0383/00G003 | Flanders | 3,783 m² | 1 · 326 m² | 10.8 m · 2 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.
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,311 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2013
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.