PH CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of PH CONSTRUCT is 2.6% (moderate). The 2025 annual accounts show equity of €4k and a net result of €158. Equity is growing by ~61.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 27676 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▼-59
Solvency40=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.13 against 1.14 in 2024; short-term debt: 85.3% and cash: 1.5% of total assets), and 85.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 27676 sector peers (2025).
NBB · sector comparisonPosition among 27676 sector peers
Solvency
better than 17%
← weakest
strongest →
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 25-07-2026, 6 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
6 d early
2024
61 d late
2023
82 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▲ 4.1%
2024 · €4k
2023: €-695
2024: €4k
2023 → 2025
Total assets
€27k▲ 8.1%
2024 · €25k
2023: €7k
2024: €25k
2023 → 2025
Net result
€158▼ 96.5%
2024 · €5k
2023: €-4k
2024: €5k
2023 → 2025
Working capital
€3k▲ 2.3%
2024 · €3k
2023: €-2k
2024: €3k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-695-€4k€4k▲ 4.1%
Operating result€-4k-€6k€4k▼ 27.9%
Net result€-4k-€5k€158▼ 96.5%
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 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27k
Fixed assets
€889▲ 11.0%
Current assets
€26k▲ 8.0%
Equity and liabilities €27k
Equity
€4k▲ 4.1%
Debt
€23k▲ 8.8%
The debt ratio rises from 84.7% to 85.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5k▼
2024 · €6k
Cash flow
€758▼
2024 · €5k
Solvency
14.7%▼
2024 · 15.3%
Current ratio
1.13▼
2024 · 1.14
Quick ratio
1.13▼
2024 · 1.14
Debt / equity
5.80▲
2024 · 5.55
ROE
3.9%▼
2024 · 118.0%
ROA
0.6%▼
2024 · 18.0%
Interest coverage
1.52▼
2024 · 6.26
Debt
€23k▲
2024 · €21k
Debt ≤ 1 year
€23k▲
2024 · €21k
Income taxes
€923▲
2024 · €429
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€25k€27k▲
Fixed assets21/28€801€889▲
Tangible fixed assets22/27€801€889▲
Plant, machinery and equipment23€379€183▼
Furniture and vehicles24€421€705▲
Current assets29/58€25k€26k▲
Amounts receivable within one year40/41€16k€24k▲
Trade receivables40€10k€6k▼
Other amounts receivable41€7k€18k▲
Cash at bank and in hand54/58€5k€414▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€25k€27k▲
Equity10/15€4k€4k▲
Contributions10/11€3k€3k=
Reserves13€761€920▲
Distributable reserves133€761€920▲
Amounts payable17/49€21k€23k▲
Amounts payable within one year42/48€21k€23k▲
Trade debts44€6k€13k▲
Suppliers440/4€6k€13k▲
Taxes, remuneration and social security45€3k€11k▲
Taxes450/3€3k€11k▲
Other amounts payable47/48€12k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€442€600▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€8k€6k▼
Operating profit (loss)9901€6k€4k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€5k€1k▼
Income taxes67/77€429€923▲
Profit (loss) for the period9904€5k€158▼
Profit (loss) for the period to be appropriated9905€5k€158▼
Appropriation of the result
Profit (loss) to be appropriated9906€761€158▼
Profit (loss) brought forward from the previous period14P€-4k-
Transfer to equity691/2€761€158▼
To other reserves6921€761€158▼
The notes to these accounts (5 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
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Pieters-Leeuw · 1 establishment unit since 2022
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.
Bergensesteenweg 4211600 Sint-Pieters-LeeuwGround area
1.1 ha
Building footprint
1,424 m²
2 parcels, Flanders, Wallonia. Linked by address, not a title deed.
1 establishment unit
PROHOME CSV
since 20222.333.886.514
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,330 m² | - |
| 92054E0007/00V000 | Wallonia | 2,567 m² | 1 · 94 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FALZONE SALVATORE
BE 0895.898.631
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VERBEEK KRISTOF
BE 0838.545.895
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E.C.V.S
BE 0808.578.043
Aalst · Eq €4k
Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 1,319 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-2022
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
71112Activities of interior architects
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.