PHANATIC
ActiveThe computed 12-month bankruptcy probability of PHANATIC is 1.6% (moderate). The 2025 annual accounts show negative equity (€-22k) and a net result of €-2k. Equity is shrinking by ~43.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 27559 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
28
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-52
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.42 in 2024; short-term debt: 188.5% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-88.7%
Return on assets
-9.2%
Age of the figures
9 mo
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
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 €-22k
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
5 d early
2023
on the day
2022
3 d early
2021
6 d early
2020
1 d early
2019
12 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-22k▼ 11.5%
2024 · €-20k
2018: €8k
2019: €-1k
2020: €-4k
2021: €-11k
2022: €469
2023: €-27k
2024: €-20k
2018 → 2025
Total assets
€25k▼ 43.6%
2024 · €45k
2018: €68k
2019: €45k
2020: €37k
2021: €31k
2022: €53k
2023: €44k
2024: €45k
2018 → 2025
Net result
€-2k
2024 · €7k
2018: €-8k
2019: €-9k
2020: €-3k
2021: €-7k
2022: €12k
2023: €-27k
2024: €7k
2018 → 2025
Working capital
€-40k▼ 48.0%
2024 · €-27k
2018: €231
2019: €-7k
2020: €-11k
2021: €-28k
2022: €-2k
2023: €-35k
2024: €-27k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-11k-€469€-27k€-20k▲ 24.7%€-22k▼ 11.5%
Operating result€-6k-€16k€-25k€10k€116▼ 98.8%
Net result€-7k-€12k€-27k€7k€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 99% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25k
Fixed assets
€18k▼ 28.0%
Current assets
€7k▼ 63.4%
Key figures and ratios
EBITDA
€7k▼
2024 · €17k
Cash flow
€5k▼
2024 · €14k
Solvency
-88.7%▼
2024 · -44.9%
Current ratio
0.15▼
2024 · 0.42
Quick ratio
0.15▼
2024 · 0.32
Debt / equity
-2.13▲
2024 · -3.23
ROA
-9.2%▼
2024 · 14.8%
Interest coverage
3.33▼
2024 · 6.02
Debt
€48k▼
2024 · €65k
Debt ≤ 1 year
€48k▲
2024 · €47k
Income taxes
€287▲
2024 · €282
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€45k€25k▼
Fixed assets21/28€25k€18k▼
Tangible fixed assets22/27€25k€18k▼
Furniture and vehicles24€25k€18k▼
Current assets29/58€20k€7k▼
Stocks and contracts in progress3€4k-
Stocks30/36€4k-
Amounts receivable within one year40/41€7k€7k▲
Trade receivables40€7k€6k▼
Other amounts receivable41-€295
Cash at bank and in hand54/58€8k€0▼
Deferred charges and accrued income490/1€792€448▼
Equity and liabilities
Total equity and liabilities10/49€45k€25k▼
Equity10/15€-20k€-22k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-41k€-43k▼
Amounts payable17/49€65k€48k▼
Amounts payable after more than one year17€11k-
Financial debts170/4€11k-
Amounts payable within one year42/48€47k€48k▲
Current portion of amounts payable after more than one year42€12k€11k▼
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€8k€1k▼
Taxes450/3€8k€1k▼
Other amounts payable47/48€22k€29k▲
Accrued charges and deferred income492/3€7k€55▼
Income statement
Code20242025
Non-recurring operating income76A€7k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€440€53▼
Gross operating margin9900€19k€9k▼
Operating profit (loss)9901€10k€116▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€7k€-2k▼
Income taxes67/77€282€287▲
Profit (loss) for the period9904€7k€-2k▼
Profit (loss) for the period to be appropriated9905€7k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-43k▼
Profit (loss) brought forward from the previous period14P€-47k€-41k▲
The notes to these accounts (8 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-27k ▼328%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after 4 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 36 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Schilde · 1 establishment unit since 2011
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.
Waterstraat 3092970 SchildeGround area
1,443 m²
Building footprint
144 m²
Volume, LiDAR
803 m³
Parcel 11039A0184/00B002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PHANATIC
since 20112.205.348.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039A0184/00B002 | Flanders | 1,443 m² | 1 · 144 m² | 8.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 443 EUR awarded · 443 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 45 EUR | 188 EUR |
| 2024 | 1 | 143 EUR | 0 EUR |
| 2022 | 1 | 255 EUR | 255 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 503 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2011
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
33140Repair and maintenance of electrical equipment
90022Arts creation and performing arts activities
90393Specialised image, lighting and sound technical services
90032Arts creation and performing arts activities
90120Visual arts creation
90392Design and construction of stages and sets
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.