PHARIS
ActivePHARIS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.56M and a net result of €1.86M. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 4530 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▼-3
Solvency87▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €470k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.09 in 2024; short-term debt: 10.8% and cash: 0% of total assets), and 38.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
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 2025Solvency, return and age of the figures
Solvency
61.6%
Return on assets
20.6%
Age of the figures
9 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
44 d early
2023
58 d early
2022
4 d early
2021
19 d early
2020
3 d early
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.86M▼ 0.8%
2024 · €1.87M
2018: €594k
2019: €400k
2020: €54k
2021: €69k
2022: €213k
2023: €260k
2024: €1.87M
2018 → 2025
Working capital
€-199k▲ 84.2%
2024 · €-1.26M
2018: €-904k
2019: €-819k
2020: €-816k
2021: €-1.16M
2022: €-1.29M
2023: €-1.54M
2024: €-1.26M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.96M-€2.18M▲ 10.8%€2.44M▲ 12.0%€4.01M▲ 64.6%€5.56M▲ 38.7%
Operating result€50k-€336k▲ 569%€369k▲ 10.0%€230k▼ 37.7%€433k▲ 88.4%
Net result€69k-€213k▲ 206%€260k▲ 22.0%€1.87M▲ 622%€1.86M▼ 0.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 88% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.03M
Fixed assets
€8.26M▲ 1.1%
Current assets
€772k▲ 531%
Equity and liabilities €9.03M
Equity
€5.56M▲ 38.7%
Debt
€3.46M▼ 19.0%
The debt ratio falls from 51.6% to 38.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€587k▲
2024 · €388k
Cash flow
€2.01M▼
2024 · €2.03M
Solvency
61.6%▲
2024 · 48.4%
Current ratio
0.80▲
2024 · 0.09
Quick ratio
0.80▲
2024 · 0.09
Debt / equity
0.62▼
2024 · 1.07
ROE
33.4%▼
2024 · 46.7%
ROA
20.6%▼
2024 · 22.6%
Interest coverage
6.16▼
2024 · 6.51
Debt
€3.46M▼
2024 · €4.28M
Debt ≤ 1 year
€971k▼
2024 · €1.38M
Debt > 1 year
€2.49M▼
2024 · €2.89M
Income taxes
€94k▲
2024 · €47k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.29M€9.03M▲
Fixed assets21/28€8.16M€8.26M▲
Tangible fixed assets22/27€4.35M€4.45M▲
Land and buildings22€4.27M€4.38M▲
Furniture and vehicles24€82k€65k▼
Financial fixed assets28€3.81M€3.81M=
Current assets29/58€122k€772k▲
Amounts receivable within one year40/41€7k€711k▲
Trade receivables40€4k€4k▼
Other amounts receivable41€3k€707k▲
Current investments50/53€53k€53k=
Cash at bank and in hand54/58€55k€2k▼
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€8.29M€9.03M▲
Equity10/15€4.01M€5.56M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.95M€5.50M▲
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€3.94M€5.49M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€4.28M€3.46M▼
Amounts payable after more than one year17€2.89M€2.49M▼
Financial debts170/4€2.89M€2.49M▼
Amounts payable within one year42/48€1.38M€971k▼
Current portion of amounts payable after more than one year42€398k€400k▲
Financial debts43€130k€91k▼
Credit institutions430/8€130k€91k▼
Trade debts44€5k€29k▲
Suppliers440/4€5k€29k▲
Taxes, remuneration and social security45€28k€83k▲
Taxes450/3€28k€83k▲
Other amounts payable47/48€823k€367k▼
Accrued charges and deferred income492/3€927€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€158k€154k▼
Other operating charges640/8€9k€23k▲
Gross operating margin9900€397k€610k▲
Operating profit (loss)9901€230k€433k▲
Financial income75/76B€1.75M€1.61M▼
Recurring financial income75€1.75M€1.61M▼
Financial charges65/66B€60k€95k▲
Recurring financial charges65€60k€95k▲
Profit (loss) for the period before taxes9903€1.92M€1.95M▲
Income taxes67/77€47k€94k▲
Profit (loss) for the period9904€1.87M€1.86M▼
Profit (loss) for the period to be appropriated9905€1.87M€1.86M▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.87M€1.86M▼
Transfer from equity791/2€300k€304k▲
Transfer to equity691/2€1.87M€1.86M▼
To other reserves6921€1.87M€1.86M▼
Profit to be distributed694/7€300k€304k▲
Return on contributions (dividend)694€300k€304k▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €5MEq €5.56M ▲38.7%
8 profitable years in a row build equity to €5.56M.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.87M ▲622%
Net result €1.87M, the highest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.18M ▲10.8%
5 profitable years in a row build equity to €2.18M.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €54k ▼86.4%
Net result drops to €54k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Brugge · 1 establishment unit since 2004
Ground area
3,038 m²
Building footprint
331 m²
Volume, LiDAR
1,993 m³
Parcel 31030A0636/00Y000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20042.143.202.825
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0636/00Y000 | Flanders | 3,038 m² | 1 · 331 m² | 9.8 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500EUH7XLYWPIH332
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 2,542 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-10-2004
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.