Active BE 0454.360.965Private limited company

PHARE CHU

Rue du Laveu 56 ·4130 Esneux, Belgium· 31 yrs active

Sector: Activiteiten van medisch specialisten (86220)

Conclusion Checked

The computed 12-month bankruptcy probability of PHARE CHU is 0.1% (very low). The 2025 annual accounts show equity of €7k and a net result of €-5k. Equity is shrinking by ~96.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 89% of 2219 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€7k
Net result	€-5k
Better than sector	89%
Active	31 yrs

Financial profile 5 of 5 axes measured · computed by Checked

66 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 70

Profitability 0

Solvency 100

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Long track record −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1994, 31 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

70 / 100 Healthy

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 04-06-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, equity would indicatively turn negative around fiscal year 2026, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 86, Human health · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	91.9%	58.2%	better than 89% of 2219 sector peers
Net result	€-5k	€60k	better than 5% of 2217 sector peers
Equity	€7k	€74k	better than 19% of 2219 sector peers
Gross operating margin	€-4k	€95k	better than 5% of 2219 sector peers
Total assets	€8k	€187k	better than 5% of 2219 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Net profit

€-5k

+73.9% 23-25

Total assets

€8k

-35.9% 23-25

Equity

€7k

-40.0% 23-25

Working capital

€7k

-36.5% 23-25

Dividends

€8k

- 23-25

Debt

€620

+181.7% 23-25

Debt ≤ 1y

€220

0.0% 23-25

Current ratio

34.67

-35.9% 23-25

Show 5 other metrics

Quick ratio

34.67

-35.9% 23-25

Solvency

91.9%

-6.4% 23-25

Debt / equity

0.09

+369.3% 23-25

ROE

-66.6%

+56.5% 23-25

ROA

-61.2%

+59.3% 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€-5k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€8k
Equity	€7k
Debt	€620
of which ≤ 1y	€220
of which > 1y	-
Working capital	€7k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	34.67
Quick ratio	34.67
Working capital ratio	97.1%
Solvency	91.9%
Debt / equity	0.09
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-61.2%
ROE	-66.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Equity & liabilities

Equity €7k · 91.9% Debt €620 · 8.1%

Full annual accounts (17 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€8k
Current assets	29/58	€8k
Cash & bank	54/58	€8k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€8k
Equity	10/15	€7k
Contributions / capital	10/11	€18k
Reserves	13	€2k
Accumulated profits (losses)	14	€-13k
Amounts payable	17/49	€620
Amounts payable within one year	42/48	€220
Trade debts payable within one year	44	€220
Income statement
Gross operating margin	9900	€-4k
Operating result	9901	€-4k
Financial charges	65	€479
Result before taxes	9903	€-5k
Net result for the period	9904	€-5k
Result to be appropriated	9905	€-5k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Activiteiten van medisch specialisten(86220)
Legal form	Private limited company(610)
Incorporation	26-11-1994
Status	Active
Postal code	4130

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62101B0033/00G000	Wallonia	691 m²	1 · 202 m²	11.3 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

04-06-2026

NBB filing Annual accounts filed

fiscal year 2025 · micro

2025

04-06-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

10-06-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

20-12-2023

State Gazette act Capital & shares

Jean-Michel GAUTHY

Belgian State Gazette reading coverage 0 of 9 acts read

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

Capital history · 1

20-12-2023

Capital change

All acts · 1 updated 2 years ago

2023

20-12-2023 Capital decrease of €12,395.10 to €3,718.51 Capital & shares·Jean-Michel GAUTHY

€16.113,61 → €3.718,51

Notary: Jean-Michel GAUTHY · HerstalFirm: GAUTHY, JACQUES & ROLANS – Société Notariale

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Praktijken van specialisten86220Activiteiten van medisch specialisten86220

Primary activity highlighted.

Names & trade names

Legal nameFR

PHARE CHU

Registered office

Rue du Laveu 56

4130 Esneux, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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