PHALCO

Active Risk: not assessed

Public limited companyfounded 2000active for 25 yearsRue Provinciale (C) 6, 7760 Celles (lez-Tournai), BelgiumKBO/BCE: BE 0473.481.447

Summary

PHALCO 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 €2.5m and a net result of €4,331. Equity has been shrinking by about 12% per year since 2018. Its solvency ranks better than 95% of 3,032 sector peers (NACE 64, financial year 2025). The company has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals.

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PHALCOActive

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Overview

Official details

Source: KBO

Status: Active since 11-12-2000 Normal situation
Activity: Activities of holding companies NACE 64210
Joint committee: 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2022
Establishment unit: 2.094.571.577 7760 Celles (lez-Tournai), since 21-01-2002
Financial year end: 31 December
Peppol: Reachable since 03-12-2025

Company details

Board and ownership

Board

Stéphanie GLORIEUXDaily manager
Compagnie Financière MontrachetDirector · since 05-02-2015 · permanent representative CAYON Jean-Paul
Julien CAYONDirector · since 28-07-2025

Auditor: AVISOR SRL

Holdings: Shares in 1 company G. Belin Transports

Board & ownership

Financial position

Financial institution: outside the modelBankruptcy probability: sector outside the model

Annual accounts 2025

Profit: €4,331
Equity: €2.5m; ▲ 0.2%
Total assets: €2.5m; ▼ 0.8%
Staff: ≈ 0 FTE; estimated

Financials

SignalsneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model

Model not applicable to financial institutions

The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.

Bankruptcy probability within 12 months

The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

1 signal.

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 16-06-2026, 45 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

45 days early

2024

57 days early

2023

36 days early

2022

28 days early

2021

22 days late

2020

11 days late

2019

28 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (4 of the last 5 accounts filed within 30 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

03-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Financials

Financials · financial year 2025, full format

Annual accounts 2025 filed on 16-06-2026 at the NBB all 24 filings

Equity

€2.5m▲ 0.2%

2024 · €2.5m

Net result

€4,331

2024 · -€166,250

Total assets

€2.5m▼ 0.8%

2024 · €2.5m

Solvency

99.7%▲ 1.0pp

2024 · 98.8%

In the rankings #10 company by equity in Celles

Multi-year overview

2018 to 2025, 8 financial years

Operating result

€4,443

2025

20182025

Net result

€4,331

2025

middle half of the sector

20182025

Equity

€2.5m

▲ 0.2% 2025

middle half of the sector

20182025

Total assets

€2.5m

▼ 0.8% 2025

lowest quarter of the sector

20182025

Debt

€6,429

▼ 79.6% 2025

20182025

Working capital

€181,633

▲ 2.4% 2025

middle half of the sector

20182025

Solvency

99.7%

▲ 1.0pp 2025

highest quarter of the sector

20182025

Current ratio

29.25

▲ 22.63 2025

highest quarter of the sector

20182025

Return on assets (ROA)

0.2%

▲ 6.7pp 2025

middle half of the sector

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€0.004m-€0.006m▲ 78.8%-€163€0.003m€0.002m▼ 33.0%-€0.002m-€0.002m▲ 17.0%€0.004m

Net result€0.002m-€0.5m▲ 228×€0.3m▼ 40.6%-€2.3m€0.001m-€0.001m-€0.2m▼ 28,405%€0.004m

Equity€5.7m-€6.2m▲ 7.9%€6.2m=€2.7m▼ 56.8%€2.7m=€2.7m=€2.5m▼ 6.2%€2.5m▲ 0.2%

Total assets€6.2m-€6.3m▲ 1.4%€6.5m▲ 2.3%€2.7m▼ 58.4%€2.7m▼ 0.6%€3.0m▲ 12.5%€2.5m▼ 15.7%€2.5m▼ 0.8%

Debt€0.5m-€0.1m▼ 72.3%€0.3m▲ 105%€0.02m▼ 92.0%€0.005m▼ 79.1%€0.3m▲ 70×€0.03m▼ 90.7%€0.006m▼ 79.6%

Working capital-€0.4m-€0.08m€0.08m▲ 0.4%€0.2m▲ 107%€0.2m▲ 0.8%€0.2m▼ 0.3%€0.2m▲ 1.0%€0.2m▲ 2.4%

Solvency91.8%-97.8%▲ 5.9pp95.5%▼ 2.2pp99.1%▲ 3.6pp99.8%▲ 0.7pp88.7%▼ 11.1pp98.8%▲ 10.0pp99.7%▲ 1.0pp

Current ratio0.28-1.59▲ 1.321.29▼ 0.308.58▲ 7.2837.47▲ 28.901.52▼ 35.966.62▲ 5.1129.25▲ 22.63

Return on assets (ROA)0.0%-7.2%▲ 7.1pp4.2%▼ 3.0pp-83.9%▼ 88.1pp0.0%▲ 84.0pp0.0%▼ 0.1pp-6.5%▼ 6.5pp0.2%▲ 6.7pp

Staff (FTE)0.8-0.8=0.8=0.8=0.3▼ 62.5%

above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a profit of €4,443, after a loss of €2,040 in 2024. It is the highest result since 2021.

The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.5m

92.5%

Fixed assets €2.3m =

Current assets €188,062 ▼ 9.9%

Equity and liabilities €2.5m

99.7%

Equity €2.5m ▲ 0.2%

Debt €6,429 ▼ 79.6%

Debt's share of the balance-sheet total falls from 1.2% to 0.3%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

ROE

0.2%▲

2024 · -6.6%

Debt ≤ 1 year

€6,429▼

2024 · €31,526

Income taxes

€1,798▲

2024 · €97

Staff costs

€56=

2024 · €56

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet

Item	31-12-2021	31-12-2022
Employees at the balance-sheet date	1	-
part-time	1	-
in full-time equivalents	0.8	-
Average over the year, in full-time equivalents	0.8	0.3
Joined	-	0
Left	-	1

Source: social balance sheet in the 2021 to 2022 annual accounts

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines

Balance sheet Code20242025

Assets

Total assets20/58€2.5m€2.5m▼

Fixed assets21/28€2.3m€2.3m=

Financial fixed assets28€2.3m€2.3m=

Current assets29/58€0.2m€0.2m▼

Amounts receivable within one year40/41€0.002m€0.001m▼

Trade receivables40€0.001m-

Other amounts receivable41€0.001m€0.001m▼

Current investments50/53€0.2m-

Cash at bank and in hand54/58€0.06m€0.2m▲

Deferred charges and accrued income490/1€0.001m-

Equity and liabilities

Total equity and liabilities10/49€2.5m€2.5m▼

Equity10/15€2.5m€2.5m▲

Contributions10/11€0.3m€0.3m=

Capital10€0.3m€0.3m=

Issued capital100€0.3m€0.3m=

Reserves13€2.2m€2.2m▲

Non-distributable reserves130/1€0.03m€0.03m=

Legal reserve130€0.03m€0.03m=

Distributable reserves133€2.2m€2.2m▲

Amounts payable17/49€0.03m€0.006m▼

Amounts payable within one year42/48€0.03m€0.006m▼

Trade debts44€0.03m€0.004m▼

Suppliers440/4€0.03m€0.004m▼

Taxes, remuneration and social security45€0.001m€0.002m▲

Taxes450/3€0.001m€0.002m▲

Income statement Code20242025

Remuneration, social security and pensions62€56€56=

Other operating charges640/8€0.001m€0.001m▼

Gross operating margin9900-€0.001m€0.005m▲

Operating profit (loss)9901-€0.002m€0.004m▲

Financial income75/76B€0.004m€0.002m▼

Recurring financial income75€0.004m€0.002m▼

Financial charges65/66B€0.2m€146▼

Recurring financial charges65€58€146▲

Non-recurring financial charges66B€0.2m-

Profit (loss) for the period before taxes9903-€0.2m€0.006m▲

Income taxes67/77€97€0.002m▲

Profit (loss) for the period9904-€0.2m€0.004m▲

Profit (loss) for the period to be appropriated9905-€0.2m€0.004m▲

Appropriation of the result

Profit (loss) to be appropriated9906-€0.2m€0.004m▲

Transfer from equity791/2€0.2m-

Transfer to equity691/2-€0.004m

To other reserves6921-€0.004m

The notes to these accounts have 2 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 16-06-2026.

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	-	-	-	€0.08m	€0.03m	€0.001m	€56	€56	=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€309	€309	-	-	-	-	-	-	-
Other operating charges640/8	-	-	-	€0.001m	€0.001m	€0.001m	€0.001m	€0.001m	▼ 0.9%
Gross operating margin9900	€0.08m	€0.06m	€0.07m	€0.08m	€0.04m	-€0.001m	-€0.001m	€0.005m	-
Operating profit (loss)9901	€0.004m	€0.006m	-€163	€0.003m	€0.002m	-€0.002m	-€0.002m	€0.004m	-
Financial income75/76B	-	-	-	€0.3m	€104	€0.002m	€0.004m	€0.002m	▼ 53.6%
Recurring financial income75	€6	€0.5m	€0.3m	€0.001m	€104	€0.002m	€0.004m	€0.002m	▼ 53.6%
Non-recurring financial income76B	-	-	-	€0.3m	-	-	-	-	-
Financial charges65/66B	-	-	-	€2.5m	€380	€54	€0.2m	€146	▼ 99.9%
Recurring financial charges65	€447	€312	€0.002m	€0.001m	€380	€54	€58	€146	▲ 152%
Non-recurring financial charges66B	-	-	-	€2.5m	-	-	€0.2m	-	-
Profit (loss) for the period before taxes9903	€0.003m	€0.5m	€0.3m	-€2.3m	€0.002m	-€0.001m	-€0.2m	€0.006m	-
Income taxes67/77	€0.001m	€0.003m	€57	€0.001m	€0.001m	-	€97	€0.002m	▲ 18×
Profit (loss) for the period9904	€0.002m	€0.5m	€0.3m	-€2.3m	€0.001m	-€0.001m	-€0.2m	€0.004m	-
Profit (loss) for the period to be appropriated9905	€0.002m	€0.5m	€0.3m	-€2.3m	€0.001m	-€0.001m	-€0.2m	€0.004m	-

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€6.2m	€6.3m	€6.5m	€2.7m	€2.7m	€3.0m	€2.5m	€2.5m	▼ 0.8%
Fixed assets21/28	€6.1m	€6.1m	€6.1m	€2.5m	€2.5m	€2.5m	€2.3m	€2.3m	=
Intangible fixed assets21	€0.004m	€0.004m	€0.004m	-	-	-	-	-	-
Tangible fixed assets22/27	€309	-	-	-	-	-	-	-	-
Financial fixed assets28	€6.1m	€6.1m	€6.1m	€2.5m	€2.5m	€2.5m	€2.3m	€2.3m	=
Current assets29/58	€0.1m	€0.2m	€0.4m	€0.2m	€0.2m	€0.5m	€0.2m	€0.2m	▼ 9.9%
Amounts receivable within one year40/41	€0.1m	€0.1m	€0.2m	€0.007m	€0.007m	€0.3m	€0.002m	€0.001m	▼ 50.8%
Trade receivables40	-	-	-	€0.007m	€0.007m	€0.3m	€0.001m	-	-
Other amounts receivable41	-	-	-	-	-	-	€0.001m	€0.001m	▼ 15.7%
Current investments50/53	€0.007m	€0.004m	€0.004m	-	-	€0.2m	€0.2m	-	-
Cash at bank and in hand54/58	€0.02m	€0.08m	€0.2m	€0.2m	€0.2m	€0.04m	€0.06m	€0.2m	▲ 237%
Deferred charges and accrued income490/1	-	-	-	-	-	€0.002m	€0.001m	-	-
Equity and liabilities
Total equity and liabilities10/49	€6.2m	€6.3m	€6.5m	€2.7m	€2.7m	€3.0m	€2.5m	€2.5m	▼ 0.8%
Equity10/15	€5.7m	€6.2m	€6.2m	€2.7m	€2.7m	€2.7m	€2.5m	€2.5m	▲ 0.2%
Contributions10/11	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	=
Capital10	-	-	-	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	=
Issued capital100	-	-	-	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	=
Reserves13	€5.4m	€5.9m	€5.9m	€2.4m	€2.4m	€2.4m	€2.2m	€2.2m	▲ 0.2%
Non-distributable reserves130/1	-	-	-	€0.03m	€0.03m	€0.03m	€0.03m	€0.03m	=
Legal reserve130	-	-	-	€0.03m	€0.03m	€0.03m	€0.03m	€0.03m	=
Distributable reserves133	-	-	-	€2.3m	€2.3m	€2.3m	€2.2m	€2.2m	▲ 0.2%
Amounts payable17/49	€0.5m	€0.1m	€0.3m	€0.02m	€0.005m	€0.3m	€0.03m	€0.006m	▼ 79.6%
Amounts payable within one year42/48	€0.5m	€0.1m	€0.3m	€0.02m	€0.005m	€0.3m	€0.03m	€0.006m	▼ 79.6%
Trade debts44	€0.01m	€0.03m	€0.2m	€0.005m	€0.002m	€0.3m	€0.03m	€0.004m	▼ 86.7%
Suppliers440/4	-	-	-	€0.005m	€0.002m	€0.3m	€0.03m	€0.004m	▼ 86.7%
Taxes, remuneration and social security45	-	-	-	€0.02m	€0.003m	€0.002m	€0.001m	€0.002m	▲ 157%
Taxes450/3	-	-	-	€0.009m	€0.003m	€0.002m	€0.001m	€0.002m	▲ 157%
Remuneration and social security454/9	-	-	-	€0.009m	-	-	-	-	-

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€0.002m	€0.5m	€0.3m	-€2.3m	€0.001m	-€0.001m	-€0.2m	€0.004m	-
+ Depreciation and write-downs630	€309	€309	-	-	-	-	-	-	-
Operating cash flow (approximation)	€0.002m	€0.5m	€0.3m	-€2.3m	€0.001m	-€0.001m	-€0.2m	€0.004m	-
Investment in fixed assets (approximation)	-	€0	€0	€3.6m	€0	€0	€0.2m	€0	▼ 100%
Change in cash	-	€0.06m	€0.1m	-€0.02m	-€0.02m	-€0.1m	€0.02m	€0.1m	▲ 579%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 24 filings with the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	16-06-2026	2026-00177408	PDF
31-12-2024	full format	04-06-2025	2025-00121767	PDF
31-12-2023	full format	25-06-2024	2024-00162090	PDF
31-12-2022	full format	03-07-2023	2023-00193919	PDF
31-12-2021	full format	22-08-2022	2022-20301912	PDF
31-12-2020	full format	11-08-2021	2021-47900220	PDF
31-12-2019	full format	28-08-2020	2020-46200576	PDF
31-12-2018	full format	16-07-2019	2019-33700028	PDF
31-12-2017	full format	21-09-2018	2018-64000009	PDF
31-12-2016	full format	11-07-2017	2017-30000547	PDF

Show all 24 filings

Board & ownership

Directors

2 directors, 1 in day-to-day management, last change in 2026

Act of 30-06-2026Reappointment: AVISOR SRL (statutory auditor)Permanent representative: Dorothée HURTEUX

Act of 29-12-2025Appointment: SAS COMPAGNIE FINANCIERE MONTRACHET (managing director)Permanent representative: Brigitte LAMIC

Board 2

Compagnie Financière Montrachet

Director (not named in the articles) · since 05-02-2015 · earlier director, until 23-01-2024 · 6-year term from 2024 · Legal entity · permanent representative: CAYON Jean-Paul · listed in the 2025 annual accounts, filed on 16-06-2026

Current

Julien CAYON

Director · since 28-07-2025 · 6-year term from 2025 · listed in the 2025 annual accounts, filed on 16-06-2026

Current

Day-to-day management 1

Stéphanie GLORIEUX

Directrice chargée de la gestion journalière · appointed in the act of 06-10-2025

Current

Permanent representatives 1

CAYON Jean-Paul

Permanent representative · in office according to the act of 03-03-2022 · for Compagnie Financière Montrachet

Current

Statutory auditor 1

AVISOR SRL

Statutory auditor · appointed in the act of 14-09-2023 · permanent representative: Dorothée HURTEUX

Current

Office holders in the KBO →

Owners and capital

Capital transactions

Capital over time

23-01-2024 Capital stated in the deed · €300,000 · 3,000 shares

Mandate history

7 people, 4 in office

All 7 In office 4 Ended 3

Board
Day-to-day management
Statutory auditor
began earlier
end not dated

Mandates per person, with start and end dates
Name	Functions and periods
Compagnie Financière Montrachet	Director, from before 03-03-2022 to 23-01-2024 Managing director, appointed in the act of 03-03-2022, ended, last mentioned on 03-03-2022 Director (not named in the articles), since before 23-01-2024
Julien CAYON	Director, from 28-07-2025 to date
Stéphanie GLORIEUX	Directrice chargée de la gestion journalière, appointed in the act of 06-10-2025, still in office
AVISOR SRL	Statutory auditor, appointed in the act of 14-09-2023, still in office
Brigitte LAMIC-CAYON	Director, until 28-07-2025
LAMIC Brigitte	Director, appointed in the act of 03-03-2022, until 23-01-2024 Director (not named in the articles), from before 23-01-2024, no longer listed in the 2025 annual accounts
Jean-Paul CAYON	Director, until 03-03-2022

See the board, name and registered office on a given date →

Articles of association

Board and representation

Board rule: “6 ans, minimum requis par la loi”

Capital, shares and profit

Transfer restriction: “Moitié cédant,moitié acquéreur(s) au prorata si plusieurs, cessions et transmissions d'actions,à titre onéreux ou gratuit”

Audit, dissolution and liquidation

Liquidation rule: “Toutes opérations prévues par loi, assemblée décide autrement majorité voix”

Articles of association, deed of 23-01-2024 (in French)

Network & group

Holdings and subsidiaries

1 holding

G. Belin Transportssubsidiary
Sourceown accounts 2025 accounts G. Belin Transports 2025
Equity €2.2m Profit of €47,080 in 2025 (loss of €167,987 in 2024) Checked score 95

99.98%

Connections & network

2 current directors

Depth

The network starts from the directors of PHALCO. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

Acts, filings and financial milestones

All 27Financial 9Gazette 8Filings 10

Deadline for the 2026 accounts: 31-07-2027

2026

30-06

Gazette deed Reappointment: AVISOR SRL (statutory auditor)

Permanent representative: Dorothée HURTEUX3 points ▸

General meeting, 29-05-2026
Auditor reappointment, AVISOR SRL (statutory auditor)
Permanent representative, Dorothée HURTEUX

Open the act in the Belgian Official Gazette

16-06

NBB filing Annual accounts 2025 filedNBB

full format · 45 days before the deadline

2025

31-12

Financial Back to profitnet €4,331

The net result is €4,331, after 2 loss-making years.

31-12

Financial Liquidity more than quadruplescurrent ratio 29.25

The current ratio rises from 6.62 to 29.25. Short-term debt falls from €31,526 to €6,429.

29-12

Gazette deed Appointment: SAS COMPAGNIE FINANCIERE MONTRACHET (managing director)

Permanent representative: Brigitte LAMIC4 points ▸

General meeting, 08-12-2025
Board meeting, 08-12-2025
Director appointment, SAS COMPAGNIE FINANCIERE MONTRACHET (managing director)
Permanent representative, Brigitte LAMIC

Open the act in the Belgian Official Gazette

06-10

Gazette deed Appointment: Stéphanie GLORIEUX (directrice chargée de la gestion journalière)

3 points ▸

Board meeting, 07-08-2025
Director appointment, Stéphanie GLORIEUX (directrice chargée de la gestion journalière)
Director in office, CFM (director)

Open the act in the Belgian Official Gazette

01-09

Gazette deed 1 director appointed, 1 director resigning

Permanent representative: Brigitte LAMIC-CAYON · Resignation: Brigitte LAMIC-CAYON (director) · Appointment: Julien CAYON (director)6 points ▸

Permanent representative, Brigitte LAMIC-CAYON
Director resignation, Brigitte LAMIC-CAYON (director)
Director discharge, Brigitte LAMIC-CAYON (director)
Director appointment, Julien CAYON (director)
Board composition, SAS COMPAGNIE FINANCIERE MONTRACHET (director)
Board composition, Julien CAYON (director)

Open the act in the Belgian Official Gazette

04-06

NBB filing Annual accounts 2024 filedPDF

full format · 57 days before the deadline

2024

31-12

Financial Liquidity more than quadruplescurrent ratio 6.62

The current ratio rises from 1.52 to 6.62. Short-term debt falls from €339,793 to €31,526.

25-06

NBB filing Annual accounts 2023 filedPDF

full format · 36 days before the deadline

23-01

Gazette deed 2 directors resigning, 2 reappointed

Resignations: Compagnie Financière Montrachet (director) and LAMIC Brigitte (director) · Reappointments: Compagnie Financière Montrachet (director) and LAMIC Brigitte (director) · Registered office clause11 points ▸

Director resignation, Compagnie Financière Montrachet (director)
Director resignation, LAMIC Brigitte (director)
Director reappointment, Compagnie Financière Montrachet (director (not named in the articles))
Director reappointment, LAMIC Brigitte (director (not named in the articles))
Registered office clause, “7760 Celles,Rue Provinciale 6” (deed in French)
Power of attorney
General meeting, “assemblée générale extraordinaire des actionnaires” (deed in French)
Amendment of the articles, mentioned 2 times in the deed
Capital, €300,000
Director discharge, Compagnie Financière Montrachet
Director discharge, LAMIC Brigitte

Open the act in the Belgian Official Gazette

2023

14-09

Gazette deed Appointment: AVISOR (statutory auditor)

Permanent representative: Dorothée HURTEUX3 points ▸

General meeting, 23-05-2023
Auditor appointment, AVISOR (statutory auditor)
Permanent representative, Dorothée HURTEUX

Open the act in the Belgian Official Gazette

Show earlier events

03-07

NBB filing Annual accounts 2022 filedPDF

full format · 28 days before the deadline

2022

31-12

Financial Back to profitnet €1,329

The net result is €1,329, after one loss-making year.

31-12

Financial Liquidity more than quadruplescurrent ratio 37.47

The current ratio rises from 8.58 to 37.47. Short-term debt falls from €23,074 to €4,829.

22-08

NBB filing Annual accounts 2021 filedPDF

full format · 22 days late

03-03

Gazette deed 2 directors appointed, 1 director resigning, 1 reappointed

Reappointment: Compagnie Financière Montrachet (director) · Resignation: Jean-Paul CAYON (director) · Appointments: Brigitte LAMIC (director) and Compagnie Financière Montrachet (managing director)7 points ▸

General meeting, 28-05-2021
Director reappointment, Compagnie Financière Montrachet (director)
Director resignation, Jean-Paul CAYON (director)
Director discharge, Jean-Paul CAYON (director)
Director appointment, Brigitte LAMIC (director)
Board meeting, 28-05-2021
Director appointment, Compagnie Financière Montrachet (managing director)

Open the act in the Belgian Official Gazette

2021

31-12

Financial Weakest financial yearnet -€2.3m

The net result drops to -€2.3m, the lowest from 2018 to 2025. It recovers the following year.

31-12

Financial Liquidity more than 6 timescurrent ratio 8.58

The current ratio rises from 1.29 to 8.58. Short-term debt falls from €289,239 to €23,074.

11-08

NBB filing Annual accounts 2020 filedPDF

full format · 11 days late

2020

28-08

NBB filing Annual accounts 2019 filedPDF

full format · 28 days late

2019

31-12

Financial Highest result from 2018 to 2025net €453,473 ▲22,745%

The operating result of €6,383 and the net result of €453,473 are both a record.

31-12

Financial Liquidity more than 5 timescurrent ratio 1.59

The current ratio rises from 0.28 to 1.59. Short-term debt falls from €510,775 to €141,616.

16-07

NBB filing Annual accounts 2018 filedPDF

full format · 15 days before the deadline

2018

21-09

NBB filing Annual accounts 2017 filedPDF

full format · 52 days late

2017

11-07

NBB filing Annual accounts 2016 filedPDF

full format · 20 days before the deadline

2000

20-12

Gazette deed Incorporation

Show all 24 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official Gazette Filings with the National Bank

History

On 11 December 2000, PHALCO was incorporated.¹ Total assets went from €6.2m in 2018 to €2.5m in 2025 and headcount from 0.8 full-time equivalents in 2018 to 0.3 in 2022.²

Company details

Register details

Identity

KBO record

Name PHALCO in French

Enterprise number 0473.481.447

Legal form Public limited company

Status Active, normale toestand

Founded 11-12-2000

Entity type Legal entity

Duration

Unlimited

deed of 23-01-2024 (in French)

Registered office clause

“Région Wallonne, sans changement régime linguistique applicable”

deed of 23-01-2024 (in French)

Registered office and establishments

Registered office Rue Provinciale (C) 6, 7760 Celles (lez-Tournai), Belgium

Establishment unit Rue Provinciale (C) 6, 7760 Celles (lez-Tournai) since 21-01-2002 · unit number 2.094.571.577

Activities

NACEBEL 2025

64210 Activities of holding companies main activity

Codes under NACEBEL 2008

64200 Holdings main activity

Codes under NACEBEL 2003

74151 main activity

Joint committee 200 Aanvullend Paritair Comité voor de bedienden annual accounts 2022

Purpose

“La prise de participation directe ou indirecte dans toutes sociétés ou entreprises commerciales,industrielles,financières,mobilières ou…”

7 activities

La prise de participation directe ou indirecte dans toutes sociétés ou entreprises commerciales,industrielles,financières,mobilières ou immobilières
Le contrôle de leur gestion ou la participation à celle-ci par la prise de tous mandats au sein des dites sociétés ou entreprises
L’achat,l’administration,la vente de toutes valeurs mobilières et immobilières,de tous droits sociaux et d’une manière plus générale toutes opérations de gestion du portefeuille ainsi constitué
La réalisation d’opérations d’achat,de vente,de location d’immeubles
Faire toutes opérations commerciales,industrielles,mobilières,immobilières ou financières se rattachant directement ou indirectement à son objet
S’intéresser par voie d’apport,de fusion,de souscription,d’intervention financière ou par tout autre mode,dans toutes sociétés ou entreprises,en Belgique ou à l’étranger,ayant en tout ou en partie,un objet similaire ou connexe au sien ou susceptible d’en favoriser l’extension et le développement
Prêter à toutes sociétés et se porter caution pour elle-même hypothécairement

deed of 23-01-2024 (in French)

Invoicing and payment

VAT number BE 0473.481.447

E-invoicing via Peppol

Reachable via Peppol

Peppol ID 0208:0473481447

Other Peppol ID 9925:BE0473481447

Registered 03-12-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Financial year and general meeting

Accounts at the NBB

Financial year end 31-12

Annual meeting

Last Friday of May at 17:00

deed of 23-01-2024 (in French)

Sites & property

Location

registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area

2.5 ha

Building footprint

1,451 m²

Building volume

14,397 m³

Cadastral parcel	Region	Area	Buildings	Height / floors
57018C0234/00E005	Wallonia	2.5 ha	1 · 1,450 m²	11.2 m · 3

Overview

Overview

Official details

Board and ownership

Financial position

Checked score

Signals

Financials

Financials · financial year 2025, full format

Staff

Board & ownership

Directors

Board 2

Day-to-day management 1

Statutory auditor 1

Owners and capital

Capital transactions

Mandate history

Articles of association

Board and representation

Capital, shares and profit

Audit, dissolution and liquidation

Network & group

Holdings and subsidiaries

Holdings 1

Connections & network

Timeline

Acts, filings and financial milestones

History

Company details

Register details

Identity

Registered office and establishments

Activities

Invoicing and payment

Financial year and general meeting

Sites & property

Buildings and parcels at the address