PHABELLA
ActivePHABELLA has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €36k. Equity is growing by ~123.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 9098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
68
/ 100
Healthy▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency34=
Growth78=
Stability94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 10.79 against 26.48 in 2024), but 98.9% 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
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
1.1%
Return on assets
0.6%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9098 sector peers (2025).
NBB · sector comparisonPosition among 9098 sector peers
Solvency
better than 18%
← 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 27-07-2026, 4 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
4 d early
2024
31 d early
2023
30 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€67k▲ 120%
2024 · €30k
2023: €-45k
2024: €30k
2023 → 2025
Total assets
€6.16M▲ 110%
2024 · €2.94M
2023: €1.26M
2024: €2.94M
2023 → 2025
Net result
€36k▼ 51.8%
2024 · €75k
2023: €-55k
2024: €75k
2023 → 2025
Working capital
€3.44M▲ 169%
2024 · €1.28M
2023: €617k
2024: €1.28M
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-45k-€30k€67k▲ 120%
Operating result€-41k-€152k€120k▼ 21.0%
Net result€-55k-€75k€36k▼ 51.8%
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 falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.16M
Fixed assets
€2.37M▲ 47.9%
Current assets
€3.79M▲ 185%
Equity and liabilities €6.16M
Equity
€67k▲ 120%
Debt
€6.10M▲ 110%
The debt ratio stays at 98.9%.
Key figures and ratios
EBITDA
€242k▲
2024 · €220k
Cash flow
€159k▲
2024 · €144k
Solvency
1.1%▲
2024 · 1.0%
Current ratio
10.79▼
2024 · 26.48
Quick ratio
1.49▼
2024 · 14.87
Debt / equity
91.63▼
2024 · 95.91
ROE
54.5%▼
2024 · 248.6%
ROA
0.6%▼
2024 · 2.6%
Interest coverage
2.70=
2024 · 2.70
Debt
€6.10M▲
2024 · €2.90M
Debt ≤ 1 year
€352k▲
2024 · €50k
Debt > 1 year
€5.75M▲
2024 · €2.85M
Income taxes
€9k▲
2024 · €5k
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€2.94M€6.16M▲
Fixed assets21/28€1.60M€2.37M▲
Intangible fixed assets21-€8k
Tangible fixed assets22/27€1.60M€2.36M▲
Land and buildings22€1.60M€2.30M▲
Furniture and vehicles24-€64k
Current assets29/58€1.33M€3.79M▲
Stocks and contracts in progress3€584k€3.27M▲
Stocks30/36€584k€3.27M▲
Amounts receivable within one year40/41€591k€59k▼
Trade receivables40€18k€55k▲
Other amounts receivable41€572k€4k▼
Current investments50/53€107k€0▼
Cash at bank and in hand54/58€49k€467k▲
Equity and liabilities
Total equity and liabilities10/49€2.94M€6.16M▲
Equity10/15€30k€67k▲
Contributions10/11€10k€10k=
Reserves13€20k€57k▲
Distributable reserves133€20k€57k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€2.90M€6.10M▲
Amounts payable after more than one year17€2.85M€5.75M▲
Financial debts170/4€2.09M€4.65M▲
Other amounts payable178/9€762k€1.10M▲
Amounts payable within one year42/48€50k€352k▲
Current portion of amounts payable after more than one year42€38k€93k▲
Trade debts44€2k€224k▲
Suppliers440/4€2k€224k▲
Advances received on contracts in progress46€3k€0▼
Taxes, remuneration and social security45€1k€18k▲
Taxes450/3€1k€18k▲
Other amounts payable47/48€6k€17k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€123k▲
Other operating charges640/8€8k€4k▼
Gross operating margin9900€228k€246k▲
Operating profit (loss)9901€152k€120k▼
Financial income75/76B€10k€15k▲
Recurring financial income75€10k€15k▲
Financial charges65/66B€81k€90k▲
Recurring financial charges65€81k€90k▲
Profit (loss) for the period before taxes9903€80k€45k▼
Income taxes67/77€5k€9k▲
Profit (loss) for the period9904€75k€36k▼
Profit (loss) for the period to be appropriated9905€75k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€36k▲
Profit (loss) brought forward from the previous period14P€-55k€0▲
Transfer to equity691/2€20k€36k▲
To other reserves6921€20k€36k▲
The notes to these accounts (18 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 26.48
Current ratio from 4.99 to 26.48; short-term debt falls from €155k to €50k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Bredene · 1 establishment unit since 2023
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.
Sluisvlietlaan 818450 BredeneGround area
594 m²
Building footprint
166 m²
Volume, LiDAR
885 m³
Parcel 35002B0249/00H000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sluisvlietlaan 81, 8450 Bredene
since 20232.342.292.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35002B0249/00H000 | Flanders | 594 m² | 1 · 166 m² | 9.8 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.
Similar companies · same sector, comparable size
HOGEN CONSULTING
BE 0738.934.815
Sint-Lambrechts-Woluwe · Eq €67k
H16
BE 0769.815.061
Oosterzele · Eq €67k
Kempeneers Betonwerken
BE 0793.855.126
Nazareth-De Pinte · Eq €67k
I-VERT
BE 0830.208.647
Ciney · Eq €67k
BERGHMANS
BE 0797.076.021
Antwerpen · Eq €67k
Of 9,633 companies in sector 68121 we hold annual accounts for 7,327. 5,131 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-02-2023
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
55203Holiday cottages, homes and apartments
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.