PHALY
ActiveSummary
PHALY has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69,555 and a net result of €43,169. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 1120 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability93▲+84
Solvency70▲+39
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 0.39 in 2023; short-term debt: 54.8% and cash: 8.8% of total assets), but 54.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
2 d early
2022
25 d early
2021
31 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€43,169
2023 · -€34,464
Working capital
€66,896
2023 · -€215,907
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€26,678▼ 27.1%-€10,943€2,309-€27,303€66,203
Net result€10,665within the sector's middle half▼ 57.7%-€15,608below the sector's middle half-€5,132below the sector's middle half▲ 67.1%-€34,464below the sector's middle half▼ 572%€43,169within the sector's middle half
Equity€108,828within the sector's middle half▲ 10.9%€93,220within the sector's middle half▼ 14.3%€88,088within the sector's middle half▼ 5.5%€26,386within the sector's middle half▼ 70.0%€69,555below the sector's middle half▲ 164%
Total assets€124,798within the sector's middle half▲ 13.1%€311,279within the sector's middle half▲ 149%€303,699within the sector's middle half▼ 2.4%€463,326above the sector's middle half▲ 52.6%€153,920below the sector's middle half▼ 66.8%
Debt€15,970▲ 31.0%€218,059▲ 1,265%€215,611▼ 1.1%€436,940▲ 103%€84,365▼ 80.7%
Working capital€90,407within the sector's middle half▲ 10.4%-€60,850below the sector's middle half€17,677within the sector's middle half-€215,907below the sector's middle half€66,896within the sector's middle half
Solvency87.2%above the sector's middle half▼ 1.7pp29.9%within the sector's middle half▼ 57.3pp29.0%within the sector's middle half▼ 0.9pp5.7%below the sector's middle half▼ 23.3pp45.2%within the sector's middle half▲ 39.5pp
Current ratio6.66above the sector's middle half▼ 1.060.72below the sector's middle half▼ 5.941.14below the sector's middle half▲ 0.410.39below the sector's middle half▼ 0.751.79within the sector's middle half▲ 1.41
Return on assets (ROA)8.5%within the sector's middle half▼ 14.3pp-5.0%below the sector's middle half▼ 13.6pp-1.7%below the sector's middle half▲ 3.3pp-7.4%below the sector's middle half▼ 5.7pp28.0%above the sector's middle half▲ 35.5pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €66,203 after a loss of €27,303 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €153,920
Fixed assets
€2,658 ▼ 99.2%
Current assets
€151,261 ▲ 11.2%
Equity and liabilities €153,920
Equity
€69,555 ▲ 164%
Debt
€84,365 ▼ 80.7%
Debt's share of the balance-sheet total falls from 94.3% to 54.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67,572▲
2023 · -€5,772
Cash flow
€44,538▲
2023 · -€12,933
Debt to equity
1.21▼
2023 · 16.56
ROE
62.1%▲
2023 · -130.6%
Interest coverage
5.16▲
2023 · -0.87
Debt ≤ 1 year
€84,365▼
2023 · €351,940
Debt > 1 year
€0▼
2023 · €85,000
Income taxes
€10,190▲
2023 · €516
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €421 | €27,841 | €6,961 | €21,531 | €1,369 | ▼ 93.6% |
| Other operating charges640/8 | - | €2,524 | €2,777 | €3,606 | €3,161 | ▼ 12.3% |
| Non-recurring operating charges66A | - | €6,740 | - | €18,892 | €183 | ▼ 99.0% |
| Gross operating margin9900 | €28,082 | €26,162 | €12,046 | €16,727 | €70,917 | ▲ 324% |
| Operating profit (loss)9901 | €26,678 | -€10,943 | €2,309 | -€27,303 | €66,203 | ▲ 342% |
| Financial income75/76B | - | - | €0 | - | €240 | - |
| Recurring financial income75 | - | - | €0 | - | €240 | - |
| Financial charges65/66B | - | €4,211 | €6,219 | €6,645 | €13,085 | ▲ 96.9% |
| Recurring financial charges65 | €1,630 | €4,211 | €6,219 | €6,645 | €13,085 | ▲ 96.9% |
| Profit (loss) for the period before taxes9903 | €25,048 | -€15,154 | -€3,910 | -€33,948 | €53,359 | ▲ 257% |
| Income taxes67/77 | €14,383 | €454 | €1,222 | €516 | €10,190 | ▲ 1,875% |
| Profit (loss) for the period9904 | €10,665 | -€15,608 | -€5,132 | -€34,464 | €43,169 | ▲ 225% |
| Profit (loss) for the period to be appropriated9905 | €10,665 | -€15,608 | -€5,132 | -€34,464 | €43,169 | ▲ 225% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €124,798 | €311,279 | €303,699 | €463,326 | €153,920 | ▼ 66.8% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €18,420 | €154,070 | €155,411 | €327,293 | €2,658 | ▼ 99.2% |
| Tangible fixed assets22/27 | €2,170 | €154,070 | €154,411 | €326,293 | €1,658 | ▼ 99.5% |
| Land and buildings22 | - | €152,702 | €149,731 | €323,265 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €1,368 | €4,680 | €3,027 | €1,658 | ▼ 45.2% |
| Financial fixed assets28 | €16,250 | €0 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €106,377 | €157,209 | €148,288 | €136,033 | €151,261 | ▲ 11.2% |
| Stocks and contracts in progress3 | - | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €45,513 | €45,615 | €143,664 | €132,429 | €137,509 | ▲ 3.8% |
| Trade receivables40 | - | €18,812 | €8,823 | €22,356 | €25,534 | ▲ 14.2% |
| Other amounts receivable41 | - | €26,802 | €134,841 | €110,073 | €111,974 | ▲ 1.7% |
| Cash at bank and in hand54/58 | €60,234 | €111,594 | €4,624 | €3,605 | €13,587 | ▲ 277% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | €166 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €124,798 | €311,279 | €303,699 | €463,326 | €153,920 | ▼ 66.8% |
| Equity10/15 | €108,828 | €93,220 | €88,088 | €26,386 | €69,555 | ▲ 164% |
| Contributions10/11 | - | €12,400 | €12,400 | €14,400 | €14,400 | = |
| Reserves13 | €65,098 | €65,098 | €65,098 | €35,860 | €55,155 | ▲ 53.8% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | - | €63,098 | €63,098 | €35,860 | €55,155 | ▲ 53.8% |
| Profit (loss) carried forward14 | €31,330 | €15,722 | €10,590 | -€23,874 | €0 | ▲ 100% |
| Amounts payable17/49 | €15,970 | €218,059 | €215,611 | €436,940 | €84,365 | ▼ 80.7% |
| Amounts payable after more than one year17 | - | €0 | €85,000 | €85,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | €0 | €85,000 | €85,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €15,970 | €218,059 | €130,611 | €351,940 | €84,365 | ▼ 76.0% |
| Current portion of amounts payable after more than one year42 | - | €0 | €0 | - | - | - |
| Financial debts43 | - | €101,000 | €101,000 | €235,253 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €101,000 | €101,000 | €235,253 | €0 | ▼ 100% |
| Trade debts44 | €288 | €288 | €2,152 | €1,981 | €1,879 | ▼ 5.1% |
| Suppliers440/4 | - | €288 | €2,152 | €1,981 | €1,879 | ▼ 5.1% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €11,219 | €9,560 | €11,637 | €10,162 | ▼ 12.7% |
| Taxes450/3 | - | €11,219 | €9,560 | €11,637 | €10,162 | ▼ 12.7% |
| Other amounts payable47/48 | - | €105,552 | €17,899 | €103,070 | €72,324 | ▼ 29.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,665 | -€15,608 | -€5,132 | -€34,464 | €43,169 | ▲ 225% |
| + Depreciation and write-downs630 | €421 | €27,841 | €6,961 | €21,531 | €1,369 | ▼ 93.6% |
| Operating cash flow (approximation) | €11,086 | €12,233 | €1,829 | -€12,933 | €44,538 | ▲ 444% |
| Investment in fixed assets (approximation) | - | -€163,491 | -€8,301 | -€193,413 | €323,265 | ▲ 267% |
| Change in cash | - | €51,360 | -€106,970 | -€1,019 | €9,982 | ▲ 1,079% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €43,169
Net result €43,169 after 3 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.79
Current ratio from 0.39 to 1.79; short-term debt falls from €351,940 to €84,365.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€34,464
Net result drops to -€34,464, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €108,828 ▲10.9%
3 profitable years in a row build equity to €108,828.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Esneux · 1 establishment unit since 2012
Ground area
2,609 m²
Building footprint
155 m²
Volume, LiDAR
951 m³
2 parcels, Wallonia · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Au Thier 39, 4870 Trooz
since 20122.214.991.436
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62101A0517/00A000 | Wallonia | 2,563 m² | 1 · 155 m² | 10.9 m · 2 fl. |
| 62040G0091/00H000 | Wallonia | 46 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2024 annual accounts of PHALY and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 5,114 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-11-2012
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
43990Other specialised construction activities
68322Real estate appraisal on a fee or contract basis
71122Land surveying
E-invoicing
Reachable via Peppol
Peppol ID
0208:0500601657
Also
9925:BE0500601657
Registered
27-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.