PHANPHAN
ActiveSummary
PHANPHAN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145,413 and a net result of -€6,869. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 8711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-41
Solvency89▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.5 against 2.49 in 2024; short-term debt: 16.4% and cash: 21% of total assets), and 36.3% of the assets are financed with debt.
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Signals
Three 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
27 d late
2023
9 d late
2022
8 d late
2021
16 d late
2020
16 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€145,413▼ 4.5%
2024 · €152,282
Total assets
€228,392▲ 24.4%
2024 · €183,660
Net result
-€6,869
2024 · €8,991
Working capital
€18,841▼ 57.6%
2024 · €44,387
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€28,611▲ 18.0%€54,106▲ 89.1%€6,445▼ 88.1%€14,302▲ 122%-€4,355
Net result€21,241▲ 22.9%€41,832▲ 96.9%€5,172▼ 87.6%€8,991▲ 73.8%-€6,869
Equity€96,287▲ 28.3%€138,119▲ 43.4%€143,291▲ 3.7%€152,282▲ 6.3%€145,413▼ 4.5%
Total assets€124,002▲ 3.2%€176,180▲ 42.1%€192,764▲ 9.4%€183,660▼ 4.7%€228,392▲ 24.4%
Debt€27,715▼ 46.7%€38,062▲ 37.3%€49,473▲ 30.0%€31,378▼ 36.6%€82,979▲ 164%
Working capital-€9,903▲ 36.1%€20,239€38,584▲ 90.6%€44,387▲ 15.0%€18,841▼ 57.6%
Staff (FTE)0000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4,355 after €14,302 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €228,392
Fixed assets
€172,092 ▲ 57.3%
Current assets
€56,300 ▼ 24.2%
Equity and liabilities €228,392
Equity
€145,413 ▼ 4.5%
Debt
€82,979 ▲ 164%
Debt's share of the balance-sheet total rises from 17.1% to 36.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,234▼
2024 · €14,753
Cash flow
€3,719▼
2024 · €9,442
Current ratio
1.50▼
2024 · 2.49
Debt to equity
0.57▲
2024 · 0.21
ROE
-4.7%▼
2024 · 5.9%
ROA
-3.0%▼
2024 · 4.9%
Interest coverage
2.34▼
2024 · 8.46
Debt ≤ 1 year
€37,460▲
2024 · €29,844
Debt > 1 year
€45,520▲
2024 · €1,534
Income taxes
€0▼
2024 · €3,586
Staff costs
€330
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €330 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,556 | €3,149 | €260 | €451 | €10,589 | ▲ 2,250% |
| Other operating charges640/8 | €1,206 | €2,151 | €15,794 | €1,840 | €1,379 | ▼ 25.0% |
| Gross operating margin9900 | €31,373 | €59,406 | €22,499 | €16,593 | €7,943 | ▼ 52.1% |
| Operating profit (loss)9901 | €28,611 | €54,106 | €6,445 | €14,302 | -€4,355 | ▼ 130% |
| Financial income75/76B | €0 | €27 | €2,252 | €19 | €149 | ▲ 701% |
| Recurring financial income75 | €0 | €27 | €2,252 | €19 | €149 | ▲ 701% |
| Financial charges65/66B | €1,399 | €1,095 | €1,310 | €1,743 | €2,664 | ▲ 52.8% |
| Recurring financial charges65 | €1,399 | €1,095 | €1,310 | €1,743 | €2,664 | ▲ 52.8% |
| Profit (loss) for the period before taxes9903 | €27,212 | €53,038 | €7,387 | €12,577 | -€6,869 | ▼ 155% |
| Income taxes67/77 | €5,971 | €11,206 | €2,214 | €3,586 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €21,241 | €41,832 | €5,172 | €8,991 | -€6,869 | ▼ 176% |
| Profit (loss) for the period to be appropriated9905 | €21,241 | €41,832 | €5,172 | €8,991 | -€6,869 | ▼ 176% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €124,002 | €176,180 | €192,764 | €183,660 | €228,392 | ▲ 24.4% |
| Fixed assets21/28 | €112,197 | €121,982 | €107,535 | €109,429 | €172,092 | ▲ 57.3% |
| Tangible fixed assets22/27 | €4,927 | €14,712 | €265 | €2,159 | €64,822 | ▲ 2,902% |
| Plant, machinery and equipment23 | - | - | - | €2,154 | €1,685 | ▼ 21.8% |
| Furniture and vehicles24 | €4,927 | €14,712 | €265 | €5 | €63,137 | ▲ 1,270,254% |
| Financial fixed assets28 | €107,270 | €107,270 | €107,270 | €107,270 | €107,270 | = |
| Current assets29/58 | €11,805 | €54,198 | €85,229 | €74,231 | €56,300 | ▼ 24.2% |
| Amounts receivable within one year40/41 | €11,614 | €46,718 | €81,630 | €24,558 | €8,027 | ▼ 67.3% |
| Trade receivables40 | €10,823 | €42,500 | €810 | €0 | - | - |
| Other amounts receivable41 | €790 | €4,218 | €80,820 | €24,558 | €8,027 | ▼ 67.3% |
| Cash at bank and in hand54/58 | €42 | €7,480 | €1,352 | €49,673 | €47,860 | ▼ 3.6% |
| Deferred charges and accrued income490/1 | €150 | €0 | €2,247 | €0 | €414 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €124,002 | €176,180 | €192,764 | €183,660 | €228,392 | ▲ 24.4% |
| Equity10/15 | €96,287 | €138,119 | €143,291 | €152,282 | €145,413 | ▼ 4.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Other1319 | €1,860 | €1,860 | €0 | - | - | - |
| Profit (loss) carried forward14 | €75,827 | €117,659 | €122,831 | €131,822 | €124,953 | ▼ 5.2% |
| Amounts payable17/49 | €27,715 | €38,062 | €49,473 | €31,378 | €82,979 | ▲ 164% |
| Amounts payable after more than one year17 | €6,007 | €4,102 | €2,828 | €1,534 | €45,520 | ▲ 2,868% |
| Financial debts170/4 | €6,007 | €4,102 | €2,828 | €1,534 | €45,520 | ▲ 2,868% |
| Amounts payable within one year42/48 | €21,708 | €33,959 | €46,645 | €29,844 | €37,460 | ▲ 25.5% |
| Current portion of amounts payable after more than one year42 | €8,948 | €1,905 | €1,275 | €1,294 | €14,035 | ▲ 985% |
| Financial debts43 | €114 | €0 | €7,210 | €0 | - | - |
| Credit institutions430/8 | €114 | €0 | €7,210 | €0 | - | - |
| Trade debts44 | €571 | €18,181 | €3,210 | €2,683 | €645 | ▼ 76.0% |
| Suppliers440/4 | €571 | €18,181 | €3,210 | €2,683 | €645 | ▼ 76.0% |
| Taxes, remuneration and social security45 | €1,098 | €6,332 | €9,082 | €0 | €6,100 | - |
| Taxes450/3 | €1,098 | €6,332 | €6,332 | €0 | €6,100 | - |
| Remuneration and social security454/9 | €0 | - | €2,750 | €0 | - | - |
| Other amounts payable47/48 | €10,978 | €7,541 | €25,868 | €25,868 | €16,679 | ▼ 35.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,241 | €41,832 | €5,172 | €8,991 | -€6,869 | ▼ 176% |
| + Depreciation and write-downs630 | €1,556 | €3,149 | €260 | €451 | €10,589 | ▲ 2,250% |
| Operating cash flow (approximation) | €22,797 | €44,981 | €5,432 | €9,442 | €3,719 | ▼ 60.6% |
| Investment in fixed assets (approximation) | - | -€12,935 | €14,188 | -€2,345 | -€73,251 | ▼ 3,023% |
| Change in cash | - | €7,439 | -€6,128 | €48,321 | -€1,813 | ▼ 104% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€6,869
Net result drops to -€6,869, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Equity above €150,000Eq €152,282 ▲6.3%
7 profitable years in a row build equity to €152,282.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 9 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
31-12
Financial
Highest result since 2018net €41,832 ▲96.9%
Operating result €54,106, net result €41,832, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.60
Current ratio from 0.54 to 1.60.
31-12
Financial
Equity above €100,000Eq €138,119 ▲43.4%
5 profitable years in a row build equity to €138,119.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 16 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
Show earlier events
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Temse · 1 establishment unit since 2008
Ground area
1,215 m²
Building footprint
337 m²
Volume, LiDAR
1,548 m³
2 parcels, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PHANPHAN
since 20082.172.955.594
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002C0766/00E000 | Flanders | 641 m² | 1 · 186 m² | 4.8 m · 1 fl. |
| 46302D1923/00K000 | Flanders | 574 m² | 1 · 151 m² | 11.7 m · 2 fl. |
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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 40,854 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
Founded03-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
63920Other information service activities
74140Other specialised design activities
74209Other photographic activities
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.