Equity
-€488,335
Debts exceed assets in financial year 2025.
LE PHALENSTERE
Lifetime
18 annual accounts with figures on one time axis, 36 filings since 1989peak €1.9m (2023)
€1.7m▲ 15.1%
lowest -€458,448 (2024)
-€351,994▲ €106,454
peak €1.7m (2017)
-€488,335▼ €351,994
€1.2m▲ 84.3%
peak 28.6 FTE (2025)
28.6 FTE▲ 2.1%
Board4 names since 2020
1 directorREGULATIONS
Owners4 names in the annual accounts
via 100%REGULATIONS
Documentsfilings and deeds
13-08-202613 days late
2025abbreviated format
Gross margin from €1.5m to €1.7mLoss of €351,994Resignation: SA Miquetot (director) 22-05Equity from -€136,341 to -€488,335Debts from €635,927 to €1.2mInvestments €228,664
Key points
from the 2025 annual accountsLosses
-€860,757 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€1.2m 171% of the balance sheet
Suppliers 7%Taxes and wages 25%Other 68%
Of this, €1.2m falls due within a year.
Investments
€234,477 4.7 × depreciation
Green is investment, beige is depreciation.
Staff
41 employees on 31-12-2025
In 2025, 14 people joined and 18 left.
Position in the sector
-71.4%
Lower solvency than 95% of companies in residential care. Sector median 50.2% · 602 companies.
2025 accounts filed 13 days after the deadline
Checked score
50
Fair
Financially stronger than 3% of small companies in residential care (NACE 87)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 613 companies (NACE 87, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 2.9%▲ +2.7 percentage points vs 08-2025
10-2025: 2.9%● unchanged vs 09-2025
11-2025: 2.9%● unchanged vs 10-2025
12-2025: 2.9%● unchanged vs 11-2025
01-2026: 2.9%● unchanged vs 12-2025
02-2026: 2.9%● unchanged vs 01-2026
03-2026: 2.9%● unchanged vs 02-2026
04-2026: 2.9%● unchanged vs 03-2026
05-2026: 2.7%▼ -0.2 percentage points vs 04-2026
06-2026: 2.9%▲ +0.2 percentage points vs 05-2026
07-2026: 3.1%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 3.0%▼ -0.1 percentage points vs 07-2026
09-2026: 2.3%▼ -0.7 percentage points vs 08-2026
10-2026: 2.3%● unchanged vs 09-2026
11-2026: 2.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €351,994, the second in a row (financial year 2025)
Negative equity -€488,335
Size: 28.6 FTE, total assets €683,681
lowers risk
Sector: Residential care activities (NACE 87)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 87, small). It does better than 4% of them on solvency, 3% on liquidity, 4% on profitability and 1% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 678 companies had the same profile as LE PHALENSTERE has now. Each dot stands for 2 companies, two years later.
84.5%
were still trading
6.2%
stopped another way
6.8%
went bankrupt
Another 2.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LE PHALENSTERE itself: 2.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 678 companies, not a prediction for LE PHALENSTERE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.33 (0.6 in 2024), below 1. Short-term debt is 170.6% and cash 4.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€488,335
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
13 days late
2024
31 days late
2023
31 days late
2022
13 days late
2021
1 day late
2020
173 days late
2019
31 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 42 days after the deadline. In the sector (NACE 87), the median for financial year 2024 was 27 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (2)
neutral · 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 13 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- REGULATIONSscore 91equity €528,384 (2025) · 2025 annual accounts of REGULATIONS
Recent changes
Resignation: SA Miquetot (director)
Appointment: SRL Régulation (director) · General meeting of 30 04 2025 · Gazette deed
Demerger: LE PHALANSTERE splits off to MIQUETOT
General meeting of 18-07-2023 · Gazette deed
New director
MIQUETOT appointed, REGULATIONS resigned · Permanent representative: Benjamin VOYER · Legal-form conversion: from coöperatieve vennootschap met beperkte aansprakelijkheid to private limited company · General meeting of 02-09-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LE PHALENSTERE Farciennes | €0.7m | €1.7m | -71.4% | 28.6 |
| Rusthuis Avondvrede Mechelen | €0.6m | €1.8m | 34.1% | 22.4 |
| RESIDENTIE FELICITE Schoten | €0.9m | €1.5m | -42.7% | 25.2 |
| BENAJA Vleteren | €0.9m | €1.6m | -2.7% | 20 |
| RUSTHUIS STRIJLAND Gooik | €0.7m | €1.4m | -40.3% | 19.7 |
| La Villa Fleurie Brunehaut | €1.6m | €1.7m | 44.1% | 26.1 |
| RESIDENCE LES PIGES Charleroi | €0.9m | €1.3m | 8.4% | 22.9 |
These companies have the same main activity as LE PHALENSTERE: residential care activities (NACE 87101). They are comparable in size and age: total assets between €620,000 and €1.6m, founded between 1985 and 2002.
Official details
Source: KBO- Status
- Active since 22-03-1988Normal situation
- Activity
- Residential care activitiesNACE 87101and 1 other
- Joint committee
- 330Health institutions and services · annual accounts 2025
- Establishment unit
- 2.037.717.7016240 Farciennes, since 04-05-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- ≈ €2.1mestimated
- €683,681▲ 36.8%
- Employeeson 31-12-2025
- 41▼ 8.9%
- Filing
- Filed on 13-08-2026
Insights on LE PHALENSTERE
LE PHALENSTERE files the abbreviated format. That format states no turnover. The gross margin rose from €950,513 in 2008 to €1.7m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LE PHALENSTERE
- What is the company number of LE PHALENSTERE?
- The company number of LE PHALENSTERE is 0433.774.991. The VAT number is the same number with BE in front: BE 0433.774.991.
- Where is LE PHALENSTERE based?
- The registered office is at Rue de Lambusart 46, 6240 Farciennes.Company details
- What does LE PHALENSTERE do?
- According to the KBO register, the main activity is residential care activities (NACE 87101).
- What is the legal form of LE PHALENSTERE?
- LE PHALENSTERE is a private limited company (BV).
- When was LE PHALENSTERE founded?
- LE PHALENSTERE was founded on 22-03-1988.
- Is LE PHALENSTERE still active?
- Yes, LE PHALENSTERE is an active enterprise in the KBO register.
- How many employees does LE PHALENSTERE have?
- LE PHALENSTERE had an average of 28.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does LE PHALENSTERE fall under?
- In its 2025 annual accounts, LE PHALENSTERE states joint committee 330 (Health institutions and services).
- What is the turnover of LE PHALENSTERE?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €1.7m and 103 comparable companies (NACE 87). It probably lies between €1.8m and €2.4m.
- Is LE PHALENSTERE profitable?
- In financial year 2025, LE PHALENSTERE made a loss of €351,994.
- Where can I find the annual accounts of LE PHALENSTERE?
- LE PHALENSTERE filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LE PHALENSTERE due?
- LE PHALENSTERE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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