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PHAGEM

Active Private limited companyfounded 1992active for 34 yearsJoseph Bensstraat 18, 1180 UccleKBO/BCE: BE 0448.499.591 subsidiary of ZEWELLDONE
PHAGEM
Financial year 2025
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Annual accounts 2025

full format, filed on 28-10-2026, 89 days late
€467,708
▲ 430%
-€199,357
▼ €210,795
-€99,754
▼ €177,766
-€196,741
▼ €264,393
42.7%
▼ 8.9 percentage points
2.75
▲ 2.65

The turnover shown is an estimate from the gross margin.

Turnover ≈ €520,000. Estimated: probably between €490,000 and €640,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.4m on 31-12-2025
What the company ownsHow it is paid for

in euro

in €m

Position in the sector

Compare with sector

42.7%

Higher than 54% of 5,810 companies in 2025.

2.75

Higher than 70% of 5,561 companies in 2025.

-21.5%

Lower than 95% of 5,784 companies in 2025.

PHAGEM Middle half of the sector 80% of the sector Full accounts in real estate (NACE 68)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.4m1.4m1.5m1.6m1.7m1.8m1.9m2.0m2.1m1.9m2.1m1.6m1.6m555,337589,977582,308596,526592,816619,334618,405
21/28 1.1m1.4m1.5m1.6m1.7m1.7m1.8m1.9m2.0m1.9m1.9m1.2m1.0m542,947572,400566,732591,828586,482612,554609,356
22/27 1.1m624,743687,486790,959870,523953,7401.0m1.1m1.2m1.1m1.1m1.2m1.0m542,947572,400566,732591,828586,482612,554609,356
22 1.1m623,989686,333790,635869,875952,3671.0m1.1m1.2m1.1m1.1m1.1m980,902511,018533,234560,431575,437570,831594,917589,448
23 ------------------403806
24 3557551,1543246489721,2978,01714,73821,45928,1808,14812,03017,84023,9422,0082,7912,0513,6345,502
26 -----4028031,6822,5603,4394,3175,19612,31814,08915,2244,293----
27 ----------------13,60013,60013,60013,600
28 0798,276790,213790,213790,213790,213790,213790,213790,213797,186813,27665,000--------
29/58 306,07424,80524,27442,80450,77027,46930,40969,18332,33349,842151,178349,318610,16512,39017,57715,5764,6986,3346,7809,049
40/41 235,9441,4845,8895,3667,3564699,8404,2409,24613,5319,5771,357566,4749065,8266,7421,5413,091375176
40 3,9451,4843125,3666,6621433,2077121,5472,8161824521,004-5,8266,7427772,953331176
41 231,99905,577-6943266,6333,5297,69810,7159,396905565,470906--76413844-
54/58 65,12518,10212,68532,17138,40621,95015,68560,02918,98433,431137,577345,66936,9046,1948,2576,3063,1573,2436,4058,873
490/1 5,0045,2195,7005,2675,0095,0504,8844,9144,1032,8804,0232,2926,7875,2903,4942,529----
Balance sheet: equity and liabilities
10/49 1.4m1.4m1.5m1.6m1.7m1.8m1.9m2.0m2.1m1.9m2.1m1.6m1.6m555,337589,977582,308596,526592,816619,334618,405
10/15 587,871748,006746,929748,519684,084636,142578,167593,161510,447554,883499,347465,916369,829183,505137,676107,82288,56579,60973,23670,126
10/11 104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120
10 104,120104,120104,120104,120104,120---------------
100 104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120104,120
13 734,996419,421447,465475,513503,281455,339397,364426,751430,187450,827354,894361,796297,54010,41210,4121,184221221221221
130/1 10,41210,41210,41210,41210,41210,412--------------
130 10,41210,41210,41210,41210,41210,41210,41210,41210,41210,41210,41210,41210,41210,41210,4121,184221221221221
132 495,162179,586207,631235,679263,447290,530313,536342,923346,359366,999271,066277,968287,128-------
133 229,422229,422229,422229,422229,422154,39773,41673,41673,41673,41673,41673,416--------
14 -251,245224,466195,344168,88676,68376,68376,68362,290-23,859-6540,334--31,83168,97323,1442,518-15,777-24,732-31,106-34,215
16 213,16389,562103,544117,521131,443145,136156,863171,930178,348188,976139,578143,132147,849-------
168 213,16389,562103,544117,521131,443145,136156,863171,930178,348188,976139,578143,132147,849-------
17/49 574,689610,257651,500757,936895,978990,1441.1m1.2m1.4m1.2m1.4m962,7741.1m371,832452,301474,486507,961513,207546,098548,279
17 456,590360,555427,203492,205556,088618,878680,601696,962961,092772,3661.0m828,964847,220206,647143,137158,385191,557202,796234,373265,385
170/4 456,590360,555426,703491,705555,588618,378680,101696,462960,592772,3661.0m828,964847,220206,647143,137158,385191,557202,796234,373265,385
178/9 -0500500500500500500500-----------
42/48 111,472249,702224,103265,472338,605369,652438,643530,963405,459410,274425,352133,810250,517164,004308,964316,101316,404310,410311,725282,894
42 95,74866,14765,00263,88362,79061,72384,732261,440119,540299,30773,29481,24772,33029,23435,90933,17338,035---
43 070130,387132,742173,471217,122276,699195,199189,132110,132305,132------31,57731,167-
430/8 070--------------031,57731,167-
439 -0130,387132,742173,471217,122276,699195,199189,132110,132305,132---------
44 4,1712,1701972,23342403147452,9355276,57811,7713,1815,9873,1073,7193,5973,3827,54110,359
440/4 4,1712,1701972,23342403147452,9355276,57811,7713,1815,9873,1073,7193,5973,3827,54110,359
45 5,14611,700-19,05340,45923,41815,32214,0825,42130819,34211,2561,34224,32618,0552,975315630315883
450/3 5,14611,700-19,05340,45923,41815,32214,0825,42130819,34211,2561,34224,32618,0552,975315630315883
47/48 6,408169,61428,51647,56161,84266,98761,74260,19888,431-21,00729,536173,664104,458251,893276,235274,457274,822272,702271,652
492/3 6,62701952591,2851,6144,7581,001747811---1,181200-----
Income statement
70 -----------------84,25279,87379,017
76A -------20,271----444,770-------
9900 467,70888,284128,923172,499151,631116,383115,311230,04258,165212,384224,538268,64186,608119,06591,50966,74455,38052,18051,04941,907
60/61 -----------------32,07328,82537,110
630 99,60366,57566,07099,35398,10796,699102,996102,31770,67048,276117,012113,765156,94132,43832,58030,21530,34529,19929,60227,385
640/8 23,47010,27214,55412,77812,99011,88711,56610,63011,32417,12222,73815,93417,9317,1877,0596,4145,7975,3465,1839,077
66A 543,991040,800-----------------
9901 -199,35711,4377,49960,36940,5347,797749117,094-23,829146,98684,787138,942-88,26479,44051,87030,11519,23917,63516,2635,445
75/76B 0136-36,62434,95971,216126-63840196820751525212111,082
75 0136-36,62434,95971,216126-63840196820751525212111,082
65/66B 18,20913,14113,46114,39815,88217,66822,09926,72330,72542,69137,13139,48022,92010,7648,2349,08710,28511,27213,16310,888
65 18,20913,14113,46114,39815,88217,66822,09926,72330,72530,72237,13139,48022,92010,7648,2349,08710,28511,27213,16310,888
66B ---------11,969----------
9903 -217,566-1,567-5,96282,59559,61261,345-21,33890,378-54,554104,93348,057100,430333,60668,75243,78821,0338,9566,3743,111-4,361
780 18,96013,98213,97813,92213,693---------------
680 72,273-------------------
67/77 25,46411,3379,60532,08225,36315,0978,72314,082510-18,1799,061-56822,92313,9341,77601224
9904 -296,3441,077-1,59064,43447,94257,975-14,99482,713-44,43555,53533,43296,086186,32545,82929,85419,2578,9556,3743,110-4,385
789 37,45328,04428,04827,76927,08323,00629,38729,03220,6419,8666,9029,161--------
689 216,819------25,596-105,799--287,129-------
9905 -475,71029,12126,45892,20375,02580,98214,39386,149-23,795-40,39840,334105,247-100,80445,82929,85419,2578,9556,3743,110-4,385
Appropriation of the result
9906 -251,245224,466195,344168,886151,708157,66476,68362,290-23,859-6540,33473,416-31,83168,97332,3723,481-15,777-24,732-31,105-34,215
14P 224,466195,344168,88676,68376,683---------------
691/2 ----75,02580,982-----73,416--9,228963--0-
6920 -----------0--9,228963--0-
6921 ----75,02580,982-----73,416--------
Social balance sheet
9087 00------------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 13 older financial years (1993-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 26 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 89 days after the deadline. Filed on 28 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00570626.

Financial year Type Filed Reference Document
31-12-2025 full format 28-10-2026 2026-00570626 PDF
31-12-2024 full format 26-05-2025 2025-00105713 PDF
31-12-2023 micro format 23-07-2024 2024-00277891 PDF
31-12-2022 micro format 24-08-2023 2023-00410067 PDF
31-12-2021 micro format 25-08-2022 2022-20328178 PDF
31-12-2020 micro format 24-08-2021 2021-52300188 PDF
31-12-2019 micro format 27-10-2020 2020-63900448 PDF
31-12-2018 micro format 30-08-2019 2019-60000460 PDF
31-12-2017 micro format 27-08-2018 2018-51300053 PDF
31-12-2016 micro format 31-08-2017 2017-59400032 PDF
31-12-2015 full format 30-08-2016 2016-55800363 PDF
31-12-2014 full format 25-08-2015 2015-47900595 PDF
31-12-2013 full format 04-08-2014 2014-39700098 PDF
31-12-2012 full format 11-07-2013 2013-30000251 PDF
31-12-2011 full format 11-07-2012 2012-28900226 PDF
31-12-2010 full format 30-08-2011 2011-50000155 PDF
31-12-2009 full format 24-09-2010 2010-55000542 PDF
31-12-2008 full format 24-06-2009 2009-27000395 PDF
31-12-2007 full format 08-07-2008 2008-36500283 PDF
31-12-2006 full format 05-07-2007 2007-34600245 PDF
31-12-2005 full format 04-07-2006 2006-38604635 PDF
31-12-2004 full format 29-06-2005 2005-35103139 PDF
31-12-2003 full format 25-06-2004 2004-32003250 PDF
31-12-2002 full format 18-08-2003 2003-61804507 PDF
31-12-2001 full format 05-07-2002 2002-34402268 PDF
31-12-2000 full format 26-06-2001 2001-26703570 PDF
31-12-1999 full format 28-06-2000 2000-29900277 PDF
31-12-1998 full format 06-09-1999 1999-44700225 PDF
31-12-1997 full format 31-08-1998 1998-44600802 PDF
31-12-1996 full format 12-08-1997 1997-37703972 PDF
31-12-1995 full format 11-07-1996 1996-31902622 PDF
31-12-1994 full format 16-06-1995 1995-25501356 PDF
31-12-1993 full format 04-07-1994 1994-25904654 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
-99,75478,01273,569159,721138,641104,496103,744219,41246,840195,262201,799252,70768,677111,87884,45060,33149,58346,83445,86532,830
-196,74167,65264,481163,787146,049154,67488,002185,03126,235103,811150,444209,852343,26678,26762,43449,47339,30035,57332,71223,000
1.1m11,8953,39819,78914,88912,0306,785106,391223,93757,7591.2m546,0381.0m2,98539,6375,11935,6903,12732,8011,750
47,0245,416-19,486-6,23416,4556,265-44,34441,045-14,447-104,146-208,091308,76530,710-2,0631,9513,149-86-3,162-2,468-
194,602-224,896-199,829-222,668-287,835-342,183-408,234-461,779-373,127-360,432-274,174215,508359,648-151,614-291,387-300,525-311,706-304,077-304,946-273,845
-----------------20.9%20.4%6.9%
42.7%51.7%49.7%46.1%40.0%35.9%31.1%29.7%24.8%28.8%23.9%29.6%22.9%33.0%23.3%18.5%14.8%13.4%11.8%11.3%
2.750.100.110.160.150.070.070.130.080.120.362.612.440.080.060.050.010.020.020.03
0.980.820.871.011.311.561.942.072.682.132.902.072.972.033.294.405.746.457.467.82
-50.4%0.1%-0.2%8.6%7.0%9.1%-2.6%13.9%-8.7%10.0%6.7%20.6%50.4%25.0%21.7%17.9%10.1%8.0%4.2%-6.3%
-21.5%0.1%-0.1%4.0%2.8%3.3%-0.8%4.1%-2.2%2.9%1.6%6.1%11.5%8.3%5.1%3.3%1.5%1.1%0.5%-0.7%
-5.485.945.4711.098.73---------------
-----------------13 days2 days1 day
-----------------38 days95 days102 days

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1.1m€3,832€3,398€19,789€14,889
Financial fixed assets€0€8,063---
€99,603€66,575€66,070€99,353€98,107

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on PHAGEM

The operating result for 2025 is a loss of €199,357, after a profit of €11,437 in 2024. It is the lowest result since 2006.

Debt's share of the balance-sheet total falls from 42.1% to 41.8%. Equity and debt are lower.

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