PHACOBRE
Dissolved and wound up on 22-09-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 22 filings
Turnover
≈ €59,000
Estimated: probably between €27,000 and €140,000
Total assets
€404,212▼ 0.2%
2024 · €405,005
Net result
€2,984▼ 86.0%
2024 · €21,280
Working capital
€402,794▲ 6.0%
2023 · €380,111
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€6,236
▼ 80.8%
2025
20182025
Net result
€2,984
▼ 86.0%
2025
20182025
Equity
€404,212
▲ 0.7%
2025
20182025
Total assets
€404,212
▼ 0.2%
2025
20182025
Debt
no figure
2025
20182025
Working capital
no figure
2025
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€62,320-€61,428▼ 1.4%€39,596▼ 35.5%€123,522▲ 212%€72,226▼ 41.5%€76,296▲ 5.6%€32,442▼ 57.5%€6,236▼ 80.8%
Net result€64,444-€44,297▼ 31.3%€28,943▼ 34.7%€88,343▲ 205%€48,558▼ 45.0%€51,803▲ 6.7%€21,280▼ 58.9%€2,984▼ 86.0%
Equity€118,004-€162,301▲ 37.5%€191,244▲ 17.8%€279,587▲ 46.2%€328,145▲ 17.4%€379,948▲ 15.8%€401,228▲ 5.6%€404,212▲ 0.7%
Total assets€134,771-€187,470▲ 39.1%€219,677▲ 17.2%€322,118▲ 46.6%€351,657▲ 9.2%€387,480▲ 10.2%€405,005▲ 4.5%€404,212▼ 0.2%
Debt€16,767-€25,169▲ 50.1%€28,433▲ 13.0%€42,532▲ 49.6%€23,513▼ 44.7%€7,532▼ 68.0%€3,778▼ 49.8%
Working capital€102,683-€157,341▲ 53.2%€193,025▲ 22.7%€278,700▲ 44.4%€328,511▲ 17.9%€380,111▲ 15.7%€402,794▲ 6.0%
Staff (FTE)0.3-0.3=
The operating result for 2025 is 81% lower than in 2024 and the lowest since 2018. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
Solvency
100.0%▲
2024 · 99.1%
ROE
0.7%▼
2024 · 5.3%
ROA
0.7%▼
2024 · 5.3%
Income taxes
€6,038▼
2024 · €11,009
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,908 | - | - | - |
| Depreciation and write-downs of the year | €471 | €1,699 | €1,458 | €1,303 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,361 | €10,361 | €5,245 | €471 | €1,699 | €1,458 | €1,303 | - | - |
| Other operating charges640/8 | - | - | - | €679 | €702 | €767 | €3,064 | €1,492 | ▼ 51.3% |
| Gross operating margin9900 | €85,076 | €83,808 | €47,473 | €124,671 | €74,627 | €78,521 | €36,808 | €7,728 | ▼ 79.0% |
| Operating profit (loss)9901 | €62,320 | €61,428 | €39,596 | €123,522 | €72,226 | €76,296 | €32,442 | €6,236 | ▼ 80.8% |
| Financial income75/76B | - | - | - | - | - | €3 | €145 | €3,179 | ▲ 22× |
| Recurring financial income75 | €45 | - | €2 | - | - | €3 | €145 | €3,179 | ▲ 22× |
| Financial charges65/66B | - | - | - | €310 | €466 | €342 | €297 | €392 | ▲ 32.0% |
| Recurring financial charges65 | €155 | €201 | €212 | €310 | €466 | €342 | €297 | €392 | ▲ 32.0% |
| Profit (loss) for the period before taxes9903 | €62,210 | €61,227 | €39,386 | €123,212 | €71,760 | €75,956 | €32,289 | €9,023 | ▼ 72.1% |
| Income taxes67/77 | -€2,234 | €16,930 | €10,443 | €34,869 | €23,202 | €24,153 | €11,009 | €6,038 | ▼ 45.2% |
| Profit (loss) for the period9904 | €64,444 | €44,297 | €28,943 | €88,343 | €48,558 | €51,803 | €21,280 | €2,984 | ▼ 86.0% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €8,000 | - |
| Profit (loss) for the period to be appropriated9905 | €64,444 | €44,297 | €28,943 | €88,343 | €48,558 | €51,803 | €21,280 | €10,984 | ▼ 48.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €134,771 | €187,470 | €219,677 | €322,118 | €351,657 | €387,480 | €405,005 | €404,212 | ▼ 0.2% |
| Fixed assets21/28 | €15,321 | €4,960 | €1,358 | €887 | €3,097 | €1,639 | €336 | - | - |
| Tangible fixed assets22/27 | €15,321 | €4,960 | €1,358 | €887 | €3,097 | €1,639 | €336 | - | - |
| Plant, machinery and equipment23 | - | - | - | €184 | €2,941 | €1,639 | €336 | - | - |
| Furniture and vehicles24 | - | - | - | €703 | €156 | - | - | - | - |
| Current assets29/58 | €119,450 | €182,510 | €218,319 | €321,231 | €348,561 | €385,842 | €404,669 | €404,212 | ▼ 0.1% |
| Amounts receivable within one year40/41 | €21,039 | €31,892 | - | €17,413 | €27,060 | €601 | €10,601 | €13,040 | ▲ 23.0% |
| Trade receivables40 | - | - | - | €17,413 | €10,263 | - | - | - | - |
| Other amounts receivable41 | - | - | - | - | €16,797 | €601 | €10,601 | €13,040 | ▲ 23.0% |
| Current investments50/53 | - | - | - | - | - | - | €220,000 | - | - |
| Cash at bank and in hand54/58 | €98,300 | €147,377 | €207,732 | €297,377 | €314,162 | €381,429 | €169,366 | €388,312 | ▲ 129% |
| Deferred charges and accrued income490/1 | - | - | - | €6,441 | €7,339 | €3,812 | €4,703 | €2,860 | ▼ 39.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €134,771 | €187,470 | €219,677 | €322,118 | €351,657 | €387,480 | €405,005 | €404,212 | ▼ 0.2% |
| Equity10/15 | €118,004 | €162,301 | €191,244 | €279,587 | €328,145 | €379,948 | €401,228 | €404,212 | ▲ 0.7% |
| Contributions10/11 | €12,400 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €73,860 | €116,860 | €144,860 | €232,860 | €280,860 | €331,860 | €352,860 | €354,860 | ▲ 0.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €8,000 | €8,000 | €8,000 | €8,000 | - | - |
| Distributable reserves133 | - | - | - | €223,000 | €271,000 | €322,000 | €343,000 | €353,000 | ▲ 2.9% |
| Profit (loss) carried forward14 | €31,744 | €33,041 | €33,984 | €34,327 | €34,885 | €35,688 | €35,968 | €36,952 | ▲ 2.7% |
| Amounts payable17/49 | €16,767 | €25,169 | €28,433 | €42,532 | €23,513 | €7,532 | €3,778 | - | - |
| Amounts payable within one year42/48 | €16,767 | €25,169 | €25,294 | €42,532 | €20,050 | €5,730 | €1,875 | - | - |
| Trade debts44 | €4,776 | €5,478 | €8,459 | €3,807 | €469 | €1,015 | €532 | - | - |
| Suppliers440/4 | - | - | - | €3,807 | €469 | €1,015 | €532 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €22,058 | €13,368 | - | €1,009 | - | - |
| Taxes450/3 | - | - | - | €22,058 | €13,368 | - | €1,009 | - | - |
| Other amounts payable47/48 | - | - | - | €16,666 | €6,213 | €4,715 | €334 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,463 | €1,802 | €1,902 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64,444 | €44,297 | €28,943 | €88,343 | €48,558 | €51,803 | €21,280 | €2,984 | ▼ 86.0% |
| + Depreciation and write-downs630 | €10,361 | €10,361 | €5,245 | €471 | €1,699 | €1,458 | €1,303 | - | - |
| Operating cash flow (approximation) | €74,805 | €54,658 | €34,188 | €88,814 | €50,256 | €53,261 | €22,583 | €2,984 | ▼ 86.8% |
| Investment in fixed assets (approximation) | - | €0 | -€1,643 | €0 | -€3,908 | €0 | €0 | - | - |
| Change in cash | - | €49,077 | €60,355 | €89,645 | €16,785 | €67,267 | -€212,063 | €218,946 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00244269 | |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00451657 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00444832 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00309381 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20082638 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43800417 | |
| 31-12-2019 | micro format | 12-08-2020 | 2020-40900151 | |
| 31-12-2018 | micro format | 21-06-2019 | 2019-21000282 | |
| 31-12-2017 | full format | 22-06-2018 | 2018-21500382 | |
| 31-12-2016 | full format | 31-07-2017 | 2017-40000503 |