Phaeco
ActivePhaeco 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 €88k and a net result of €-86k. Equity is shrinking by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 7962 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
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 18% of 7962 sector peers (2025).
NBB · sector comparisonPosition among 7962 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
42 d early
2023
2 d early
2022
42 d early
2021
39 d early
2020
24 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€88k▼ 49.5%
2024 · €175k
2019: €479k
2020: €484k
2021: €431k
2022: €277k
2023: €234k
2024: €175k
2019 → 2025
Net result
€-86k▼ 44.9%
2024 · €-60k
2019: €-3k
2020: €5k
2021: €-53k
2022: €-154k
2023: €-49k
2024: €-60k
2019 → 2025
Total assets
€723k▼ 29.2%
2024 · €1.02M
2019: €856k
2020: €910k
2021: €725k
2022: €811k
2023: €1.04M
2024: €1.02M
2019 → 2025
Solvency
12.2%▼ 4.9pp
2024 · 17.1%
2019: 56.0%
2020: 53.2%
2021: 59.4%
2022: 34.2%
2023: 22.4%
2024: 17.1%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€431k-€277k▼ 35.7%€234k▼ 15.6%€175k▼ 25.5%€88k▼ 49.5%
Operating result€-38k-€-172k▼ 352%€-31k▲ 81.8%€-29k▲ 8.2%€-64k▼ 122%
Net result€-53k-€-154k▼ 189%€-49k▲ 67.9%€-60k▼ 20.8%€-86k▼ 44.9%
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 €64k in 2025 against €29k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €723k
Fixed assets
€224k▲ 34,452%
Current assets
€499k▼ 51.1%
Equity and liabilities €723k
Equity
€88k▼ 49.5%
Debt
€635k▼ 25.0%
The debt ratio rises from 82.9% to 87.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
Solvency
12.2%▼
2024 · 17.1%
ROE
-97.8%▼
2024 · -34.1%
ROA
-11.9%▼
2024 · -5.8%
Debt
€635k▼
2024 · €846k
Debt ≤ 1 year
€635k▼
2024 · €846k
Income taxes
€158▲
2024 · €147
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€1.02M€723k▼
Fixed assets21/28€648€224k▲
Tangible fixed assets22/27€191€223k▲
Land and buildings22-€223k
Plant, machinery and equipment23€191-
Financial fixed assets28€457€657▲
Current assets29/58€1.02M€499k▼
Stocks and contracts in progress3€1.01M€467k▼
Stocks30/36€1.01M€467k▼
Amounts receivable within one year40/41€579€1k▲
Trade receivables40-€1k
Other amounts receivable41€579€254▼
Cash at bank and in hand54/58€5k€31k▲
Equity and liabilities
Total equity and liabilities10/49€1.02M€723k▼
Equity10/15€175k€88k▼
Contributions10/11€419k€419k=
Revaluation surpluses12€22k€22k=
Reserves13€80k€80k=
Distributable reserves133€80k€80k=
Profit (loss) carried forward14€-346k€-432k▼
Amounts payable17/49€846k€635k▼
Amounts payable within one year42/48€846k€635k▼
Financial debts43€500k€176k▼
Credit institutions430/8€500k€176k▼
Trade debts44€22k€26k▲
Suppliers440/4€22k€26k▲
Taxes, remuneration and social security45€155€158▲
Taxes450/3€155€158▲
Other amounts payable47/48€324k€433k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€190€4k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-7k
Other operating charges640/8€2k€7k▲
Gross operating margin9900€-27k€-59k▼
Operating profit (loss)9901€-29k€-64k▼
Financial income75/76B€347-
Recurring financial income75€347-
Financial charges65/66B€31k€22k▼
Recurring financial charges65€31k€22k▼
Profit (loss) for the period before taxes9903€-59k€-86k▼
Income taxes67/77€147€158▲
Profit (loss) for the period9904€-60k€-86k▼
Profit (loss) for the period to be appropriated9905€-60k€-86k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-346k€-432k▼
Profit (loss) brought forward from the previous period14P€-286k€-346k▼
The notes to these accounts (8 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
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet €-154k
Net result drops to €-154k, the lowest in the series; recovery starts the following year.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2023
This board is reconstructed from a single act (23342744). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Bénédicte Haepers
CurrentDirector · since 09-05-2023
Florence Haepers
CurrentDirector · since 09-05-2023
Lucia Haepers
CurrentDirector · since 09-05-2023
09-05-2023
Bénédicte Haepers: Appointed as Director
09-05-2023
Florence Haepers: Appointed as Director
09-05-2023
Lucia Haepers: Appointed as Director
09-05-2023
Carine Schaubroeck: Resigned as Director
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2006
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.
B.A. Guilbertlaan 38700 TieltGround area
977 m²
Building footprint
247 m²
Volume, LiDAR
1,455 m³
Parcel 37013B0404/00L000, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Phaeco
since 20062.155.942.091
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37013B0404/00L000 | Flanders | 977 m² | 1 · 247 m² | 11.4 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
Igitur
BE 0767.449.152
Lummen · Eq €88k
Aither
BE 1009.171.172
Leuven · Eq €88k
DE STEUNBALK
BE 0746.707.879
Roeselare · Eq €88k
ROTONDA
BE 0787.217.752
Schaarbeek · Eq €88k
CHAOUC INVEST
BE 0694.714.295
Herve · Eq €88k
Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 11,972 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2006
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.