PHAR - CONCEPT
ActivePHAR - CONCEPT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-14k) and a net result of €-32k. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 11612 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
36
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-65
Solvency0▼-52
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.57 against 1.61 in 2023; short-term debt: 80.6% and cash: 31.1% 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
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
Sector 71
lower
← 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 2024Solvency, return and age of the figures
Solvency
-41.2%
Return on assets
-96.8%
Age of the figures
21 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 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-14k
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 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
29 d late
2022
48 d early
2021
27 d early
2020
26 d late
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-14k
2023 · €19k
2018: €19k
2019: €18k
2020: €23k
2021: €14k
2022: €18k
2023: €19k
2018 → 2024
Total assets
€33k▼ 51.9%
2023 · €70k
2018: €62k
2019: €72k
2020: €74k
2021: €81k
2022: €64k
2023: €70k
2018 → 2024
Net result
€-32k
2023 · €1k
2018: €3k
2019: €-862
2020: €5k
2021: €-9k
2022: €4k
2023: €1k
2018 → 2024
Working capital
€-12k
2023 · €19k
2018: €26k
2019: €20k
2020: €13k
2021: €21k
2022: €15k
2023: €19k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€14k▼ 39.7%€18k▲ 25.0%€19k▲ 5.8%€-14k
Operating result€9k-€-8k€7k€5k▼ 24.7%€-27k
Net result€5k-€-9k€4k€1k▼ 71.0%€-32k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €27k after €5k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €33k
Fixed assets
€18k▼ 10.2%
Current assets
€15k▼ 68.9%
Key figures and ratios
EBITDA
€-25k▼
2023 · €8k
Cash flow
€-30k▼
2023 · €4k
Solvency
-41.2%▼
2023 · 26.7%
Current ratio
0.57▼
2023 · 1.61
Quick ratio
0.57▼
2023 · 1.61
Debt / equity
-3.43▼
2023 · 2.74
ROA
-96.8%▼
2023 · 1.5%
Interest coverage
-5.71▼
2023 · 5.38
Debt
€47k▼
2023 · €51k
Debt ≤ 1 year
€27k▼
2023 · €31k
Debt > 1 year
€20k=
2023 · €20k
Income taxes
€1k▼
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€70k€33k▼
Fixed assets21/28€20k€18k▼
Tangible fixed assets22/27€20k€17k▼
Land and buildings22€7k€7k=
Furniture and vehicles24€13k€11k▼
Financial fixed assets28€635€635=
Current assets29/58€49k€15k▼
Amounts receivable within one year40/41€7k€4k▼
Trade receivables40€7k€4k▼
Cash at bank and in hand54/58€42k€10k▼
Deferred charges and accrued income490/1€293€1k▲
Equity and liabilities
Total equity and liabilities10/49€70k€33k▼
Equity10/15€19k€-14k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-2k€-34k▼
Amounts payable17/49€51k€47k▼
Amounts payable after more than one year17€20k€20k=
Financial debts170/4€20k€20k=
Amounts payable within one year42/48€31k€27k▼
Current portion of amounts payable after more than one year42€5k€5k=
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€4k▼
Other amounts payable47/48€15k€13k▼
Income statement
Code20232024
Non-recurring operating income76A€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€6k€8k▲
Gross operating margin9900€14k€-14k▼
Operating profit (loss)9901€5k€-27k▼
Financial income75/76B-€24
Recurring financial income75-€24
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€4k€-31k▼
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€1k€-32k▼
Profit (loss) for the period to be appropriated9905€1k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-34k▼
Profit (loss) brought forward from the previous period14P€-3k€-2k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-32k ▼3281%
Net result drops to €-32k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
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, Nivelles · 1 establishment unit since 1996
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.
Rue de Dinant 341401 NivellesGround area
1,818 m²
Building footprint
276 m²
Volume, LiDAR
2,560 m³
2 parcels, Brussels, Wallonia · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Messidorlaan 172, 1180 Ukkel
since 19962.078.279.042
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25004B0066/00A002 | Wallonia | 1,683 m² | 1 · 147 m² | 6.6 m · 2 fl. |
| 21016B0237/00T000 | Brussels | 134 m² | 1 · 129 m² | 16.5 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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BE 0704.878.115
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PRIVATE & CORPORATE CONCEPTS
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ORIGIN
BE 0696.697.748
Harelbeke · Eq €19k
Of 3,919 companies in sector 71112 we hold annual accounts for 1,296. 930 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-1996
Fiscal year end31-12
Activities, NACEBEL
71112Activities of interior architects
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
45310
46130Agents in the wholesale of timber and building materials
Sources
Crossroads Bank for EnterprisesNational Bank · 28 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.