Summary
PH INSURANCE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €134k and a net result of €116k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 56% of 1475 sector peers (fiscal year 2025). The company has been active since 2018 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 check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-11-2025, 176 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
176 d early
2024
174 d early
2023
195 d early
2022
181 d early
2021
151 d early
2020
39 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€134k▲ 621%
2024 · €19k
2019: €99k
2020: €897k
2021: €1.00M
2022: €188k
2023: €289k
2024: €19k
2019 → 2025
Net result
€116k▲ 101%
2024 · €58k
2019: €81k
2020: €798k
2021: €1.21M
2022: €35k
2023: €102k
2024: €58k
2019 → 2025
Total assets
€295k▼ 16.2%
2024 · €352k
2019: €121k
2020: €1.34M
2021: €2.69M
2022: €288k
2023: €385k
2024: €352k
2019 → 2025
Solvency
45.4%▲ 40.1pp
2024 · 5.3%
2019: 81.8%
2020: 67.2%
2021: 37.3%
2022: 65.3%
2023: 75.1%
2024: 5.3%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.00M-€188k▼ 81.3%€289k▲ 54.1%€19k▼ 93.6%€134k▲ 621%
Operating result€1.60M-€71k▼ 95.6%€131k▲ 84.7%€75k▼ 42.5%€151k▲ 101%
Net result€1.21M-€35k▼ 97.1%€102k▲ 192%€58k▼ 43.2%€116k▲ 101%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 101% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €295k
Fixed assets
€13k ▲ 1,631%
Current assets
€282k ▼ 19.7%
Equity and liabilities €295k
Equity
€134k ▲ 621%
Debt
€161k ▼ 51.7%
Debt's share of the balance-sheet total falls from 94.7% to 54.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
86.7%▼
2024 · 310.4%
ROA
39.4%▲
2024 · 16.4%
Debt ≤ 1 year
€161k▼
2024 · €334k
Income taxes
€34k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€352k€295k▼
Fixed assets21/28€752€13k▲
Tangible fixed assets22/27€752€13k▲
Furniture and vehicles24€752€13k▲
Current assets29/58€352k€282k▼
Amounts receivable within one year40/41€154k€151k▼
Other amounts receivable41€154k€151k▼
Cash at bank and in hand54/58€198k€131k▼
Deferred charges and accrued income490/1€111€113▲
Equity and liabilities
Total equity and liabilities10/49€352k€295k▼
Equity10/15€19k€134k▲
Contributions10/11€19k€19k=
Reserves13-€115k
Distributable reserves133-€115k
Amounts payable17/49€334k€161k▼
Amounts payable within one year42/48€334k€161k▼
Trade debts44€669€1k▲
Suppliers440/4€669€1k▲
Other amounts payable47/48€333k€160k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€1k€789▼
Gross operating margin9900€78k€154k▲
Operating profit (loss)9901€75k€151k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€402€534▲
Recurring financial charges65€402€534▲
Profit (loss) for the period before taxes9903€75k€151k▲
Income taxes67/77€17k€34k▲
Profit (loss) for the period9904€58k€116k▲
Profit (loss) for the period to be appropriated9905€58k€116k▲
Appropriation of the result
Profit (loss) to be appropriated9906€58k€116k▲
Transfer from equity791/2€271k-
Transfer to equity691/2-€115k
To other reserves6921-€115k
Profit to be distributed694/7€329k€833▼
Return on contributions (dividend)694€329k€833▼
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
2025
05-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-09
Financial
Equity above €100kEq €134k ▲621%
7 profitable years in a row build equity to €134k.
2024
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-09
Financial
Equity above €200kEq €289k ▲54.1%
5 profitable years in a row build equity to €289k.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-09
Financial
Weakest financial yearnet €35k ▼97.1%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
2021
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Highest result since 2019net €1.21M ▲51.2%
Operating result €1.60M, net result €1.21M, both a record.
30-06
Financial
Equity above €1MEq €1.00M ▲11.8%
3 profitable years in a row build equity to €1.00M.
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Equity above €500kEq €897k ▲804%
2 profitable years in a row build equity to €897k.
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated 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, Damme · 1 establishment unit since 2019
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.
Pompestraat 28340 DammeGround area
3,541 m²
Building footprint
180 m²
Volume, LiDAR
1,023 m³
Parcel 31023C0472/00D000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pompestraat 2, 8340 Damme
since 20192.319.525.069
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31023C0472/00D000 | Flanders | 3,540 m² | 1 · 180 m² | 9.3 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 238 companies in sector 66290 we hold annual accounts for 146. 115 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2018
Fiscal year end30-09
Activities, NACEBEL 2025
66290Activities auxiliary to financial services and insurance activities
46180Agents specialised in the wholesale of other particular products
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.