PHARE EAST
ActiveThe computed 12-month bankruptcy probability of PHARE EAST is 2.0% (moderate). The 2024 annual accounts show equity of €43k and a net result of €32k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 50% of 18939 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability96▼-4
Solvency54▼-15
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.56 in 2023; short-term debt: 50% and cash: 54.2% of total assets), and 70.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
29.4%
Return on assets
22.1%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 10-06-2025, 51 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
57 d early
2022
60 d early
2021
34 d early
2020
43 d early
2019
42 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€43k▼ 39.4%
2023 · €71k
2019: €69k
2020: €35k
2021: €66k
2022: €58k
2023: €71k
2019 → 2024
Total assets
€146k▼ 10.0%
2023 · €162k
2019: €188k
2020: €140k
2021: €145k
2022: €122k
2023: €162k
2019 → 2024
Net result
€32k▼ 44.6%
2023 · €58k
2019: €39k
2020: €-34k
2021: €31k
2022: €55k
2023: €58k
2019 → 2024
Working capital
€16k▼ 69.0%
2023 · €51k
2019: €107k
2020: €61k
2021: €83k
2022: €41k
2023: €51k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€35k-€66k▲ 87.7%€58k▼ 12.4%€71k▲ 22.8%€43k▼ 39.4%
Operating result€-33k-€31k€56k▲ 84.1%€74k▲ 32.1%€38k▼ 48.5%
Net result€-34k-€31k€55k▲ 79.1%€58k▲ 5.7%€32k▼ 44.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 49% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €146k
Fixed assets
€57k▲ 195%
Current assets
€89k▼ 37.7%
Equity and liabilities €146k
Equity
€43k▼ 39.4%
Debt
€103k▲ 12.8%
The debt ratio rises from 56.4% to 70.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€46k▼
2023 · €80k
Cash flow
€40k▼
2023 · €64k
Solvency
29.4%▼
2023 · 43.6%
Current ratio
1.22▼
2023 · 1.56
Quick ratio
1.22▼
2023 · 1.56
Debt / equity
2.41▲
2023 · 1.29
ROE
75.1%▼
2023 · 82.2%
ROA
22.1%▼
2023 · 35.9%
Interest coverage
21.95▼
2023 · 47.25
Debt
€103k▲
2023 · €91k
Debt ≤ 1 year
€73k▼
2023 · €91k
Debt > 1 year
€30k
Income taxes
€7k▼
2023 · €15k
Staff costs
€125k▼
2023 · €160k
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€162k€146k▼
Fixed assets21/28€19k€57k▲
Tangible fixed assets22/27€19k€57k▲
Land and buildings22€1k€4k▲
Plant, machinery and equipment23€14k€13k▼
Furniture and vehicles24€4k€3k▼
Leasing and similar rights25-€37k
Current assets29/58€143k€89k▼
Amounts receivable within one year40/41€534€8k▲
Trade receivables40€534€4k▲
Other amounts receivable41€0€4k▲
Current investments50/53€125k€0▼
Cash at bank and in hand54/58€17k€79k▲
Deferred charges and accrued income490/1€427€2k▲
Equity and liabilities
Total equity and liabilities10/49€162k€146k▼
Equity10/15€71k€43k▼
Contributions10/11€30k€30k=
Reserves13€41k€13k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€637€637=
Distributable reserves133€40k€12k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€91k€103k▲
Amounts payable after more than one year17-€30k
Financial debts170/4-€30k
Amounts payable within one year42/48€91k€73k▼
Current portion of amounts payable after more than one year42-€7k
Trade debts44€50k€48k▼
Suppliers440/4€50k€48k▼
Taxes, remuneration and social security45€37k€15k▼
Taxes450/3€28k€11k▼
Remuneration and social security454/9€10k€5k▼
Other amounts payable47/48€4k€3k▼
Income statement
Code20232024
Remuneration, social security and pensions62€160k€125k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€241k€173k▼
Operating profit (loss)9901€74k€38k▼
Financial income75/76B€685€3k▲
Recurring financial income75€685€3k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€73k€40k▼
Income taxes67/77€15k€7k▼
Profit (loss) for the period9904€58k€32k▼
Profit (loss) for the period to be appropriated9905€58k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€32k▼
Transfer from equity791/2€0€40k▲
Transfer to equity691/2€13k€12k▼
To other reserves6921€13k€12k▼
Profit to be distributed694/7€45k€60k▲
Return on contributions (dividend)694€45k€60k▲
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
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €58k ▲5.7%
Operating result €74k, net result €58k, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-34k ▼187%
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Nieuwpoort · 1 establishment unit since 2018
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.
Brugsevaart 488620 NieuwpoortGround area
6,988 m²
Building footprint
520 m²
Volume, LiDAR
3,900 m³
2 parcels, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PHARE EAST
since 20182.278.753.494
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38021C0112/04B000 | Flanders | 4,528 m² | 1 · 520 m² | 9.8 m · 3 fl. |
| 35382D0823/00C002indicative | Flanders | 2,461 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.278.753.494
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Of 14,025 companies in sector 56301 we hold annual accounts for 4,894. 4,101 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-06-2018
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
93126Sports, amusement and recreation activities
55204Guest rooms (bed and breakfast)
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.