PHAM
ActivePHAM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €265k and a net result of €4k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 61% of 13936 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-7
Solvency69▼-31
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 2.54 in 2024; short-term debt: 24.4% and cash: 11.9% of total assets), and 55.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.5%
Return on assets
0.6%
Age of the figures
9 mo
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
45 d early
2023
51 d early
2022
62 d early
2021
61 d early
2020
47 d early
2019
51 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€265k▲ 1.4%
2024 · €262k
2018: €149k
2019: €166k
2020: €184k
2021: €204k
2022: €225k
2023: €243k
2024: €262k
2018 → 2025
Total assets
€597k▲ 110%
2024 · €284k
2018: €283k
2019: €251k
2020: €275k
2021: €266k
2022: €287k
2023: €284k
2024: €284k
2018 → 2025
Net result
€4k▼ 79.9%
2024 · €18k
2018: €19k
2019: €17k
2020: €18k
2021: €21k
2022: €20k
2023: €18k
2024: €18k
2018 → 2025
Working capital
€26k▼ 25.7%
2024 · €35k
2018: €-51k
2019: €-48k
2020: €-67k
2021: €-42k
2022: €-11k
2023: €4k
2024: €35k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€204k-€225k▲ 10.0%€243k▲ 8.2%€262k▲ 7.5%€265k▲ 1.4%
Operating result€31k-€30k▼ 3.7%€27k▼ 11.0%€27k▼ 1.3%€11k▼ 59.3%
Net result€21k-€20k▼ 1.2%€18k▼ 10.3%€18k▼ 0.1%€4k▼ 79.9%
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 has fallen four years in a row; 2025 is 59% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €597k
Fixed assets
€425k▲ 87.5%
Current assets
€171k▲ 199%
Equity and liabilities €597k
Equity
€265k▲ 1.4%
Debt
€331k▲ 1,361%
The debt ratio rises from 8.0% to 55.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38k▼
2024 · €39k
Cash flow
€31k▼
2024 · €31k
Solvency
44.5%▼
2024 · 92.0%
Current ratio
1.18▼
2024 · 2.54
Quick ratio
1.18▼
2024 · 2.54
Debt / equity
1.25▲
2024 · 0.09
ROE
1.4%▼
2024 · 7.0%
ROA
0.6%▼
2024 · 6.4%
Interest coverage
6.58▼
2024 · 142.75
Debt
€331k▲
2024 · €23k
Debt ≤ 1 year
€145k▲
2024 · €23k
Debt > 1 year
€186k
Income taxes
€2k▼
2024 · €9k
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€284k€597k▲
Fixed assets21/28€227k€425k▲
Intangible fixed assets21€12k€10k▼
Tangible fixed assets22/27€215k€415k▲
Land and buildings22€202k€405k▲
Plant, machinery and equipment23€13k€10k▼
Financial fixed assets28€200€200=
Current assets29/58€57k€171k▲
Amounts receivable within one year40/41€19k€100k▲
Trade receivables40-€86k
Other amounts receivable41€19k€14k▼
Cash at bank and in hand54/58€38k€71k▲
Equity and liabilities
Total equity and liabilities10/49€284k€597k▲
Equity10/15€262k€265k▲
Contributions10/11€37k€37k=
Reserves13€224k€228k▲
Distributable reserves133€224k€228k▲
Amounts payable17/49€23k€331k▲
Amounts payable after more than one year17-€186k
Financial debts170/4-€186k
Amounts payable within one year42/48€23k€145k▲
Current portion of amounts payable after more than one year42-€18k
Financial debts43€3k€7k▲
Credit institutions430/8€3k€7k▲
Trade debts44€2k€96k▲
Suppliers440/4€2k€96k▲
Taxes, remuneration and social security45€749€8k▲
Taxes450/3€749€8k▲
Other amounts payable47/48€17k€17k=
Accrued charges and deferred income492/3€126€400▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€27k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€41k€39k▼
Operating profit (loss)9901€27k€11k▼
Financial income75/76B€532€345▼
Recurring financial income75€532€345▼
Financial charges65/66B€275€6k▲
Recurring financial charges65€275€6k▲
Profit (loss) for the period before taxes9903€27k€5k▼
Income taxes67/77€9k€2k▼
Profit (loss) for the period9904€18k€4k▼
Profit (loss) for the period to be appropriated9905€18k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€4k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€18k€4k▼
To other reserves6921€18k€4k▼
The notes to these accounts (12 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
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €4k ▼79.9%
Net result drops to €4k, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.54
Current ratio from 1.10 to 2.54; short-term debt falls from €41k to €23k.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €21k ▲18%
Net result €21k, the highest in the series.
31-12
Financial
Equity above €200kEq €204k ▲11.3%
4 profitable years in a row build equity to €204k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €166k ▲11.4%
2 profitable years in a row build equity to €166k.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Heuvelland · 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.
Koudekotstraat(Dran) 218951 HeuvellandGround area
1,132 m²
Building footprint
203 m²
Volume, LiDAR
854 m³
Parcel 33006A0127/00N000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
De Tere Plekke
since 20062.208.141.751
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33006A0127/00N000 | Flanders | 1,132 m² | 1 · 203 m² | 7.0 m · 1 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
BAUHAUS REAL ESTATE
BE 0849.474.134
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SterHo
BE 0832.899.210
Zonhoven · Eq €265k
HORECA GESTION ET CONSEILS
BE 0461.267.860
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Newmo Westerlo
BE 0464.406.801
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TSV INVEST
BE 0640.758.343
Retie · Eq €265k
Of 12,014 companies in sector 68203 we hold annual accounts for 5,981. 4,364 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2006
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
77223Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.