PhaRA Holding
ActivePhaRA Holding has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.51M and a net result of €877k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 87% of 8091 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 4.74 against 6.68 in 2023; short-term debt: 8.8% and cash: 10.4% of total assets), and 8.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.1%
Return on assets
12.3%
Age of the figures
20 mo
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 28-05-2025, 64 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
64 d early
2023
35 d early
2022
40 d early
2021
58 d early
2020
64 d early
2019
80 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€6.51M▲ 8.8%
2023 · €5.98M
2018: €4.09M
2019: €4.33M
2020: €4.92M
2021: €4.81M
2022: €5.14M
2023: €5.98M
2018 → 2024
Total assets
€7.14M▲ 12.3%
2023 · €6.36M
2018: €4.27M
2019: €4.84M
2020: €5.46M
2021: €5.36M
2022: €5.48M
2023: €6.36M
2018 → 2024
Net result
€877k▼ 17.7%
2023 · €1.07M
2018: €287k
2019: €410k
2020: €781k
2021: €894k
2022: €536k
2023: €1.07M
2018 → 2024
Working capital
€2.34M▲ 24.0%
2023 · €1.88M
2018: €183k
2019: €240k
2020: €836k
2021: €708k
2022: €1.04M
2023: €1.88M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4.92M-€4.81M▼ 2.4%€5.14M▲ 6.9%€5.98M▲ 16.4%€6.51M▲ 8.8%
Operating result€124k-€169k▲ 35.8%€212k▲ 25.5%€177k▼ 16.6%€207k▲ 17.1%
Net result€781k-€894k▲ 14.5%€536k▼ 40.0%€1.07M▲ 98.8%€877k▼ 17.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 17% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.14M
Fixed assets
€4.18M▲ 0.9%
Current assets
€2.96M▲ 33.6%
Equity and liabilities €7.14M
Equity
€6.51M▲ 8.8%
Debt
€637k▲ 67.9%
The debt ratio rises from 6.0% to 8.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€267k▲
2023 · €233k
Cash flow
€938k▼
2023 · €1.12M
Solvency
91.1%▼
2023 · 94.0%
Current ratio
4.74▼
2023 · 6.68
Quick ratio
4.74▼
2023 · 6.68
Debt / equity
0.10▲
2023 · 0.06
ROE
13.5%▼
2023 · 17.8%
ROA
12.3%▼
2023 · 16.8%
Interest coverage
45.70▲
2023 · 40.21
Debt
€637k▲
2023 · €380k
Debt ≤ 1 year
€625k▲
2023 · €332k
Debt > 1 year
€12k▼
2023 · €48k
Income taxes
€70k▲
2023 · €52k
Staff costs
€276k▼
2023 · €398k
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€6.36M€7.14M▲
Fixed assets21/28€4.14M€4.18M▲
Intangible fixed assets21€0€15k▲
Tangible fixed assets22/27€243k€215k▼
Plant, machinery and equipment23€21k€26k▲
Other tangible fixed assets26€222k€189k▼
Financial fixed assets28€3.90M€3.95M▲
Current assets29/58€2.22M€2.96M▲
Amounts receivable after more than one year29€800k€1.74M▲
Other amounts receivable291€800k€1.74M▲
Amounts receivable within one year40/41€292k€427k▲
Trade receivables40€188k€195k▲
Other amounts receivable41€104k€232k▲
Current investments50/53€495k€0▼
Cash at bank and in hand54/58€602k€741k▲
Deferred charges and accrued income490/1€27k€54k▲
Equity and liabilities
Total equity and liabilities10/49€6.36M€7.14M▲
Equity10/15€5.98M€6.51M▲
Contributions10/11€3.08M€3.08M=
Reserves13€414k€314k▼
Non-distributable reserves130/1€14k€14k=
Reserves not available under the articles1311€14k€14k=
Distributable reserves133€400k€300k▼
Profit (loss) carried forward14€2.49M€3.11M▲
Amounts payable17/49€380k€637k▲
Amounts payable after more than one year17€48k€12k▼
Financial debts170/4€48k€12k▼
Amounts payable within one year42/48€332k€625k▲
Current portion of amounts payable after more than one year42€49k€44k▼
Financial debts43-€16k
Credit institutions430/8-€16k
Trade debts44€99k€107k▲
Suppliers440/4€99k€107k▲
Taxes, remuneration and social security45€167k€105k▼
Taxes450/3€84k€63k▼
Remuneration and social security454/9€83k€42k▼
Other amounts payable47/48€17k€353k▲
Income statement
Code20232024
Remuneration, social security and pensions62€398k€276k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€60k▲
Other operating charges640/8€17k€17k▲
Gross operating margin9900€648k€561k▼
Operating profit (loss)9901€177k€207k▲
Financial income75/76B€947k€746k▼
Recurring financial income75€947k€746k▼
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€1.12M€947k▼
Income taxes67/77€52k€70k▲
Profit (loss) for the period9904€1.07M€877k▼
Profit (loss) for the period to be appropriated9905€1.07M€877k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.71M€3.37M▲
Profit (loss) brought forward from the previous period14P€1.65M€2.49M▲
Transfer from equity791/2-€100k
Profit to be distributed694/7€222k€353k▲
Return on contributions (dividend)694€205k€339k▲
Employees696€17k€13k▼
Social balance
Average headcount (FTE)90872.91.9▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.07M ▲98.8%
Net result €1.07M, the highest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €5MEq €5.14M ▲6.9%
5 profitable years in a row build equity to €5.14M.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-10-2025
Milan Arvid Portengen: Resigned as Director
01-10-2025
Vincent Bremmer: Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
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.
Anneessensstraat 3-52018 AntwerpenGround area
575 m²
Building footprint
574 m²
Volume, LiDAR
12,132 m³
Parcel 11808H1250/00D000, Flanders · tallest building 26.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Anneessensstraat 3-5, 2018 Antwerpen
since 20162.269.863.148
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1250/00D000 | Flanders | 575 m² | 1 · 574 m² | 26.4 m · 8 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 2024 · 3 entries · 1,690 EUR awarded · 1,687 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 192 EUR | 755 EUR |
| 2023 | 1 | 1,124 EUR | 558 EUR |
| 2022 | 1 | 374 EUR | 374 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 9,342 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.phara.eu
E-mail:i.theeuwes@phara.eu