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PHANTOMCASE

Active
Private limited companyfounded 2011active for 15 yearsDreefvelden 31, 2860 Sint-Katelijne-Waver, BelgiumKBO/BCE: BE 0840.438.088
Summary

PHANTOMCASE has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €922,684 and a net result of €132,281. Equity is growing by about 25% per year across the filed financial years. Its solvency ranks better than 49% of 332 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
NACE 16240
1 site
Size
€2.2mtotal assets 2025
Staff
4 FTE
Equity
€922,684
Profit
€132,281
Turnover not published (abbreviated format)
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
2025 accounts filed 31 days late2 of 4 deeds summarised
Why 91raises riskLast filed accounts filed 31 days late; 1 of the last 3 latelowers riskFounded in 2011Liquidity: current ratio 2.70, cash €272,913Figures for financial year 2025 (filed 08-06-2026)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 60% of its sector peers (NACE 16, micro)
Financial strength · tick = 2024
Strong
Solvency 68-4
equity 42.8% of total assets
Liquidity 66-12
short-term debt 10.5% · cash 12.7%
Profitability 76-10
return on assets 6.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,031 companies, NACE 16, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.3%▲ +0.1 percentage points vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.7%▲ +0.3 percentage points vs 04-2025 06-2025: 0.9%▲ +0.2 percentage points vs 05-2025highest value 07-2025: 0.1%▼ -0.8 percentage points vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.3%▲ +0.2 percentage points vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.2%▼ -0.1 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €80,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.7, compared with 3.23 in 2024, above the usual 1.5; short-term debt: 10.5% and cash: 12.7% of total assets), but 57.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 16, micro): better than 51% on solvency, 66% on liquidity, 60% on profitability and 64% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 2011
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 2.70, cash €272,913
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 08-06-2026)
NBB · annual accounts
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-05-2026, 31 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 filings
Deviation from the deadline
2025
31 days late
2024
30 days late
2023
26 days late
2022
21 days late
2021
23 days late
2020
30 days late
2019
28 days 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 27 days after the deadline; the sector median (NACE 16) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end25-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (31 days) Filed on 31 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00142959.

Equity
€922,684▲ 12.7%
2024 · €818,724
Total assets
€2.2m▲ 23.9%
2024 · €1.7m
Net result
€132,281▼ 43.8%
2024 · €235,511
Working capital
€383,462▼ 14.4%
2024 · €447,826
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result has fallen two years in a row; 2025 is 42% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.2m 2025 Net result€0.1m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.09m--€0.006m€0.02m€0.1m▲ 439%€0.4m▲ 254%€0.4m▼ 14.3%€0.2m▼ 42.2%
Net result€0.05m--€0.03mbelow the sector's middle half€0.006mbelow the sector's middle half€0.08mwithin the sector's middle half▲ 14×€0.3mabove the sector's middle half▲ 246%€0.2mabove the sector's middle half▼ 17.1%€0.1mabove the sector's middle half▼ 43.8%
Equity€0.4m-€0.3mwithin the sector's middle half▼ 17.1%€0.3mwithin the sector's middle half▼ 5.9%€0.4mwithin the sector's middle half▲ 27.1%€0.6mwithin the sector's middle half▲ 70.1%€0.8mwithin the sector's middle half▲ 31.4%€0.9mwithin the sector's middle half▲ 12.7%
Total assets€1.7m-€1.5mwithin the sector's middle half▼ 14.0%€1.4mwithin the sector's middle half▼ 4.9%€1.5mwithin the sector's middle half▲ 6.7%€1.7mwithin the sector's middle half▲ 14.2%€1.7mwithin the sector's middle half▲ 0.1%€2.2mwithin the sector's middle half▲ 23.9%
Debt€1.4m-€1.2m▼ 13.2%€1.1m▼ 4.6%€1.2m▲ 1.5%€1.1m▼ 3.5%€0.9m▼ 17.5%€1.2m▲ 33.9%
Working capital€0.05m-€0.03mwithin the sector's middle half▼ 38.3%€0.004mbelow the sector's middle half▼ 88.6%€0.09mwithin the sector's middle half▲ 23×€0.3mwithin the sector's middle half▲ 196%€0.4mwithin the sector's middle half▲ 74.1%€0.4mwithin the sector's middle half▼ 14.4%
Solvency21.2%-20.4%within the sector's middle half▼ 0.8pp20.2%below the sector's middle half▼ 0.2pp24.1%within the sector's middle half▲ 3.9pp35.9%within the sector's middle half▲ 11.8pp47.1%within the sector's middle half▲ 11.2pp42.8%within the sector's middle half▼ 4.3pp
Current ratio1.17-1.15within the sector's middle half▼ 0.021.02below the sector's middle half▼ 0.131.25within the sector's middle half▲ 0.231.83within the sector's middle half▲ 0.583.23within the sector's middle half▲ 1.402.70within the sector's middle half▼ 0.53
Return on assets (ROA)2.9%--1.8%below the sector's middle half▼ 4.7pp0.4%below the sector's middle half▲ 2.2pp5.4%within the sector's middle half▲ 5.0pp16.3%above the sector's middle half▲ 11.0pp13.5%above the sector's middle half▼ 2.8pp6.1%within the sector's middle half▼ 7.4pp
Staff (FTE)3.2-3below the sector's middle half▼ 6.3%3below the sector's middle half=3.2within the sector's middle half▲ 6.7%4.3within the sector's middle half▲ 34.4%4.3within the sector's middle half=4within the sector's middle half▼ 7.0%
above within below the middle half of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets €1.5m ▲ 41.8%
Current assets €608,737 ▼ 6.1%
Equity and liabilities €2.2m
Equity €922,684 ▲ 12.7%
Debt €1.2m ▲ 33.9%
Debt's share of the balance-sheet total rises from 52.9% to 57.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€386,652▼
2024 · €495,311
Cash flow
€306,834▼
2024 · €364,064
Quick ratio
1.94▼
2024 · 2.58
Debt to equity
1.34▲
2024 · 1.12
ROE
14.3%▼
2024 · 28.8%
Interest coverage
10.70▼
2024 · 13.62
Debt ≤ 1 year
€225,276▲
2024 · €200,431
Debt > 1 year
€999,813▲
2024 · €707,879
Income taxes
€43,802▼
2024 · €94,331
Staff costs
€202,133▼
2024 · €215,791
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.7m€2.2m▲
Fixed assets21/28€1.1m€1.5m▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€1.1m€1.5m▲
Land and buildings22€0.8m€1.3m▲
Plant, machinery and equipment23€0.2m€0.2m▼
Furniture and vehicles24€0.02m€0.02m▼
Financial fixed assets28€0.002m€0.002m=
Current assets29/58€0.6m€0.6m▼
Stocks and contracts in progress3€0.1m€0.2m▲
Stocks30/36€0.1m€0.2m▲
Amounts receivable within one year40/41€0.1m€0.1m▲
Trade receivables40€0.09m€0.1m▲
Other amounts receivable41€0.004m-
Cash at bank and in hand54/58€0.4m€0.3m▼
Deferred charges and accrued income490/1€0.02m€0.02m▼
Equity and liabilities
Total equity and liabilities10/49€1.7m€2.2m▲
Equity10/15€0.8m€0.9m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.8m€0.9m▲
Non-distributable reserves130/1€0.002m-
Reserves not available under the articles1311€0.002m-
Tax-exempt reserves132€0.1m€0.2m▲
Distributable reserves133€0.7m€0.7m▲
Amounts payable17/49€0.9m€1.2m▲
Amounts payable after more than one year17€0.7m€1.0m▲
Financial debts170/4€0.7m€1.0m▲
Amounts payable within one year42/48€0.2m€0.2m▲
Current portion of amounts payable after more than one year42€0.1m€0.03m▼
Trade debts44€0.07m€0.1m▲
Suppliers440/4€0.07m€0.1m▲
Taxes, remuneration and social security45€0.02m€0.04m▲
Taxes450/3€0.005m€0.02m▲
Remuneration and social security454/9€0.01m€0.02m▲
Other amounts payable47/48€0.02m€0.02m▼
Accrued charges and deferred income492/3€0.01m€0.008m▼
Income statement Code20242025
Remuneration, social security and pensions62€0.2m€0.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.2m▲
Other operating charges640/8€0.009m€0.01m▲
Gross operating margin9900€0.7m€0.6m▼
Operating profit (loss)9901€0.4m€0.2m▼
Financial income75/76B-€460
Recurring financial income75-€460
Financial charges65/66B€0.04m€0.04m▼
Recurring financial charges65€0.04m€0.04m▼
Non-recurring financial charges66B€0.001m€329▼
Profit (loss) for the period before taxes9903€0.3m€0.2m▼
Income taxes67/77€0.09m€0.04m▼
Profit (loss) for the period9904€0.2m€0.1m▼
Transfer to tax-exempt reserves689€0.08m€0.05m▼
Profit (loss) for the period to be appropriated9905€0.2m€0.08m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.08m▼
Transfer from equity791/2€0.04m€0.03m▼
Transfer to equity691/2€0.2m€0.08m▼
To other reserves6921€0.2m€0.08m▼
Profit to be distributed694/7€0.04m€0.03m▼
Return on contributions (dividend)694€0.04m€0.03m▼
Social balance sheet
Average headcount (FTE)90874.34.0▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Remuneration, social security and pensions62--€108,299€123,747€190,740€215,791€202,133▼ 6.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€172,538€163,133€169,244€166,163€167,597€128,553€174,552▲ 35.8%
Other operating charges640/8--€8,169€6,566€9,968€8,768€11,048▲ 26.0%
Gross operating margin9900€403,955€280,267€308,154€417,447€796,435€719,871€599,832▼ 16.7%
Operating profit (loss)9901€92,506-€5,579€22,442€120,971€428,130€366,758€212,099▼ 42.2%
Financial income75/76B---€1,493€521-€460-
Recurring financial income75€2,016€2,223-€758€521-€460-
Non-recurring financial income76B---€736----
Financial charges65/66B--€16,278€19,221€23,774€36,916€36,476▼ 1.2%
Recurring financial charges65€26,464€23,234€15,860€19,221€23,297€36,366€36,147▼ 0.6%
Non-recurring financial charges66B--€418-€477€550€329▼ 40.2%
Profit (loss) for the period before taxes9903€67,559-€27,006€6,165€103,243€404,877€329,842€176,083▼ 46.6%
Income taxes67/77€16,877€517€359€21,217€120,750€94,331€43,802▼ 53.6%
Profit (loss) for the period9904€50,682-€27,523€5,805€82,026€284,127€235,511€132,281▼ 43.8%
Transfer to tax-exempt reserves689-----€84,200€50,520▼ 40.0%
Profit (loss) for the period to be appropriated9905€50,579-€27,523€5,805€82,026€284,127€151,311€81,761▼ 46.0%
Line2019202020212022202320242025Change
Assets
Total assets20/58€1.7m€1.5m€1.4m€1.5m€1.7m€1.7m€2.2m▲ 23.9%
Fixed assets21/28€1.4m€1.2m€1.2m€1.1m€1.2m€1.1m€1.5m▲ 41.8%
Intangible fixed assets21€0.007m€0.005m€0.006m€0.002m€0.001m€0--
Tangible fixed assets22/27€1.4m€1.2m€1.2m€1.1m€1.2m€1.1m€1.5m▲ 41.9%
Land and buildings22--€0.9m€0.9m€0.9m€0.8m€1.3m▲ 57.2%
Plant, machinery and equipment23--€0.3m€0.2m€0.3m€0.2m€0.2m▼ 3.6%
Furniture and vehicles24--€0.005m€0.03m€0.03m€0.02m€0.02m▼ 24.3%
Financial fixed assets28€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Current assets29/58€0.4m€0.3m€0.2m€0.4m€0.6m€0.6m€0.6m▼ 6.1%
Stocks and contracts in progress3€0.04m€0.06m€0.06m€0.08m€0.09m€0.1m€0.2m▲ 31.0%
Stocks30/36--€0.06m€0.08m€0.09m€0.1m€0.2m▲ 31.0%
Amounts receivable within one year40/41€0.09m€0.07m€0.08m€0.04m€0.1m€0.1m€0.1m▲ 53.4%
Trade receivables40--€0.08m€0.03m€0.08m€0.09m€0.1m▲ 60.7%
Other amounts receivable41--€0.001m€0.01m€0.03m€0.004m--
Cash at bank and in hand54/58€0.2m€0.1m€0.05m€0.3m€0.3m€0.4m€0.3m▼ 32.1%
Deferred charges and accrued income490/1--€0.009m€0.02m€0.03m€0.02m€0.02m▼ 14.8%
Equity and liabilities
Total equity and liabilities10/49€1.7m€1.5m€1.4m€1.5m€1.7m€1.7m€2.2m▲ 23.9%
Equity10/15€0.4m€0.3m€0.3m€0.4m€0.6m€0.8m€0.9m▲ 12.7%
Contributions10/11€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.4m€0.3m€0.3m€0.3m€0.6m€0.8m€0.9m▲ 13.0%
Non-distributable reserves130/1--€0.002m€0.002m€0.002m€0.002m--
Reserves not available under the articles1311--€0.002m€0.002m€0.002m€0.002m--
Tax-exempt reserves132--€0.04m€0.04m€0.04m€0.1m€0.2m▲ 41.5%
Distributable reserves133--€0.2m€0.3m€0.6m€0.7m€0.7m▲ 8.2%
Profit (loss) carried forward14--€0.03m€0-----
Amounts payable17/49€1.4m€1.2m€1.1m€1.2m€1.1m€0.9m€1.2m▲ 33.9%
Amounts payable after more than one year17€1.1m€1.0m€0.9m€0.8m€0.8m€0.7m€1.0m▲ 41.2%
Financial debts170/4--€0.9m€0.8m€0.8m€0.7m€1.0m▲ 41.2%
Amounts payable within one year42/48€0.3m€0.2m€0.2m€0.3m€0.3m€0.2m€0.2m▲ 12.4%
Current portion of amounts payable after more than one year42--€0.1m€0.1m€0.1m€0.1m€0.03m▼ 68.6%
Trade debts44€0.1m€0.05m€0.03m€0.2m€0.1m€0.07m€0.1m▲ 108%
Suppliers440/4--€0.03m€0.2m€0.1m€0.07m€0.1m▲ 108%
Taxes, remuneration and social security45--€0.04m€0.07m€0.05m€0.02m€0.04m▲ 142%
Taxes450/3--€0.03m€0.04m€0.05m€0.005m€0.02m▲ 353%
Remuneration and social security454/9--€0.008m€0.02m€0.009m€0.01m€0.02m▲ 62.9%
Other amounts payable47/48--€0.001m€0.004m-€0.02m€0.02m▼ 24.1%
Accrued charges and deferred income492/3--€0.001m€0.002m€0.006m€0.01m€0.008m▼ 36.7%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€50,682-€27,523€5,805€82,026€284,127€235,511€132,281▼ 43.8%
+ Depreciation and write-downs630€172,538€163,133€169,244€166,163€167,597€128,553€174,552▲ 35.8%
Operating cash flow (approximation)€223,220€135,610€175,050€248,189€451,724€364,064€306,834▼ 15.7%
Investment in fixed assets (approximation)--€29,506-€144,719-€38,119-€251,379-€48,005-€630,439▼ 1,213%
Change in cash--€121,000-€58,693€244,063€36,949€67,408-€129,261-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference
30-09-2025 abbreviated format 31-05-2026 2026-00142959
30-09-2024 abbreviated format 30-05-2025 2025-00112707
30-09-2023 abbreviated format 26-05-2024 2024-00104570
30-09-2022 abbreviated format 21-05-2023 2023-00097398
30-09-2021 abbreviated format 23-05-2022 2022-20038473
30-09-2020 abbreviated format 30-05-2021 2021-16600540
30-09-2019 abbreviated format 28-05-2020 2020-13800531
30-09-2018 abbreviated format 16-05-2019 2019-13700022
30-09-2017 abbreviated format 30-05-2018 2018-15300060
30-09-2016 abbreviated format 29-05-2017 2017-14200590

Show all 14 filings

Similar companies · same sector, comparable size

Of the 123 active companies whose main activity is manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16240), figures are known for 85. 60 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, last change in 2024
Anneleen Vermylen
Director · since 11-10-2023
Current
VAN EESTER Bart
Director (not named in the articles)
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
2 of this company's 4 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2023, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Anneleen Vermylen
  • Director, from 11-10-2023 to date
VAN EESTER Bart
  • Manager (not named in the articles), until 23-02-2024
  • Director (not named in the articles), since before 23-02-2024
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 23-02-2024 Converted to unavailable equity

Group and network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

PHANTOMCASE was incorporated on 14 October 2011.1 Total assets rose from €1.7m in 2019 to €2.2m in 2025 and headcount from 3.2 to 4 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 30-04-2027
2026
31-05
NBB filing Annual accounts filed
financial year 2025 · abbreviated format · 31 days late
2025
30-05
NBB filing Annual accounts filed
financial year 2024 · abbreviated format · 30 days late
2024
26-05
NBB filing Annual accounts filed
financial year 2023 · abbreviated format · 26 days late
23-02
Gazette deed Resignation: VAN EESTER Bart (manager)
Reappointment: VAN EESTER Bart (director) · Capital conversion · Amendment of the articles11 facts ▸
  • General meeting, “buitengewone algemene vergadering van aandeelhouders”, 27-12-2023 (deed in Dutch)
  • Other provision, “Besloten Vennootschap” (deed in Dutch)
  • Capital conversion, EUR, “artikel 39,§2,derde lid,wet van 2019-03-23” (deed in Dutch)
  • Amendment of the articles
  • Power of attorney, VAN EESTER Bart
  • Power of attorney, Marc VERDONCK
  • Director resignation, VAN EESTER Bart (manager (not named in the articles))
  • Director reappointment, VAN EESTER Bart (director (not named in the articles))
  • Board composition, VERMYLEN Anneleen Magda François (director)
  • Board rule, 2
  • Registered office clause, “Dreefvelden 31,2860 Sint-Katelijne-Waver” (deed in Dutch)
2023
11-10
Gazette deed Appointment: Anneleen Vermylen (director)
2 facts ▸
  • General meeting, 18-09-2023
  • Director appointment, Anneleen Vermylen (director)
30-09
Financial Highest result from 2019 to 2025net €284,127 ▲246%
Operating result €428,130, net result €284,127, both a record.
30-09
Financial Equity above €500,000equity €623,213 ▲70.1%
3 profitable years in a row build equity to €623,213.
21-05
NBB filing Annual accounts filed
financial year 2022 · abbreviated format · 21 days late
2022
23-05
NBB filing Annual accounts filed
financial year 2021 · abbreviated format · 23 days late
2021
30-09
Financial Back to profitnet €5,805
Net result €5,805 after one loss-making year.
30-05
NBB filing Annual accounts filed
financial year 2020 · abbreviated format · 30 days late
2020
30-09
Financial Weakest financial yearnet -€27,523
Net result drops to -€27,523, the lowest in the series; recovery starts the following year.
Show earlier events
28-05
NBB filing Annual accounts filed
financial year 2019 · abbreviated format · 28 days late
2019
16-05
NBB filing Annual accounts filed
financial year 2018 · abbreviated format · 16 days late
2018
30-05
NBB filing Annual accounts filed
financial year 2017 · abbreviated format · 30 days late
2017
29-05
NBB filing Annual accounts filed
financial year 2016 · abbreviated format · 29 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 14 annual accounts filed, the latest 10 are here; all 14 are under Financials.
2 of 4 deeds read
About the unread acts

Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded14-10-2011
Financial year end30-09
Activities, NACEBEL 2025
16240Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16281Manufacture of other wood products
22260Manufacture of rubber and plastic products
25999Manufacture of fabricated metal products, except machinery and equipment
74140Other specialised design activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0840438088
Also 9925:BE0840438088
Registered 30-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 25 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits

1 application in Flanders since 2024 · 1 granted
Bouwen of herbouwen
Granted on 10-03-2025submitted 02-11-2024authority: Sint-Katelijne-Waverproject 2024018974

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Sint-Katelijne-Waver · 1 establishment unit since 2011
registered office establishment The establishment unit on the map
Ground area
2,190 m²
Building footprint
704 m²
Building volume
4,054 m³
Parcel 12035B0592/00D000, Flanders · tallest building 7.7 m. Linked by address, not a title deed.
1 establishment unit
PHANTOMCASE
Dreefvelden 31, 2860 Sint-Katelijne-WaverManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 2011unit no. 2.217.664.676
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
12035B0592/00D000 Flanders 2,190 m² 1 · 704 m² 7.7 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“De aan-en verkoop,in-en export,klein-en groothandel,ontwerp en fabricage,advisering en coördinatie,aanneming en plaatsing,huur en verhuur…” (deed in Dutch)
5 activities (deed in Dutch)
  1. De aan-en verkoop,in-en export,klein-en groothandel,ontwerp en fabricage,advisering en coördinatie,aanneming en plaatsing,huur en verhuur van alle roerende goederen
  2. Het ontwerp,de fabricage en de handel in flightcases,kisten,koffers,kratten,decors
  3. Het inrichten van stands,tentoonstellingen,beurzen
  4. Het uitvoeren van hout-,kunststof-en metaalbewerkingen
  5. Het uitvoeren van alle handelingen in verband met onroerende goederen,hierin onder meer begrepen het kopen,verkopen,verhuren,bouwen en verbouwen,restaureren en herstellen,reinigen,decoreren en verfraaien,inrichten,uitbaten en onderhouden,zowel rechtstreeks als onrechtstreeks

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
PHANTOMCASE
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 23-02-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone

deed of 23-02-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “20:00, zetel” (deed in Dutch)
3 more provisions in the deed, see the deed of 23-02-2024

deed of 23-02-2024