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Pharrowtech

Active
Private limited company·Ontwerpen van computerprogramma’s· 7 yrs active
Philipssite 5-A ·3001 Leuven, Belgium
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BE 0722.804.804
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Turnover
EBIT margin
Net result€-17.53M-780.6%
Working capital€1.08M-88.0%
Directors2
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Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 13-08-2024 with the NBB · fiscal year 2023 · verkort
€-20.00M€-15.00M€-10.00M€-5.00M€0Operating result 2020: €-1.22M€-1.22MNet result 2020: €-1.25M€-1.25MOperating result 2021: €445k€445kNet result 2021: €431k€431kOperating result 2022: €-1.95M€-1.95MNet result 2022: €-1.99M€-1.99MOperating result 2023: €-17.50M€-17.50MNet result 2023: €-17.53M€-17.53M2020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 62 — Computer programming & consultancy · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 75.8% 24.7%
better than 85% of 85 sector peers
Net result €-17.53M €1k
better than 5% of 86 sector peers
Equity €2.89M €39k
better than 95% of 86 sector peers
Gross operating margin €-4.96M €42k
better than 5% of 86 sector peers
Staff costs €2.61M €294k
higher than 95% of 39 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-16.85M
-984.7% 20–23
Net profit
€-17.53M
-780.6% 20–23
Cash flow
€-16.87M
-960.7% 20–23
Total assets
€3.82M
-82.1% 20–23
Equity
€2.89M
-85.8% 20–23
Working capital
€1.08M
-88.0% 20–23
Employees (FTE)
23
+17.0% 20–23
Staff costs
€2.61M
+23.4% 20–23
Debt
€924k
+9.1% 20–23
Debt ≤ 1y
€924k
+11.3% 20–23
Debt > 1y
€17k
-22.4% 20–23
Current ratio
2.17
-81.8% 20–23
Quick ratio
2.17
-81.8% 20–23
Solvency
75.8%
-21.1% 20–23
Debt / equity
0.32
+670.5% 20–23
ROE
-606.0%
-6117.0% 20–23
ROA
-459.2%
-4806.5% 20–23
Interest coverage
-709.38
-1687.0% 20–23
Figures by fiscal year
Fiscal year2023
Revenue
EBITDA€-16.85M
Net profit€-17.53M
Cash flow€-16.87M
Staff costs€2.61M
Income taxes
Dividends
Total assets€3.82M
Equity€2.89M
Debt€924k
of which ≤ 1y€924k
of which > 1y
Working capital€1.08M
Employees (FTE)23.4
Ratios (computed)
2023
Current ratio2.17
Quick ratio2.17
Working capital ratio28.4%
Solvency75.8%
Debt / equity0.32
Long-term debt ratio
Interest coverage-709.38
Gross margin
Net margin
ROA-459.2%
ROE-606.0%
EBITDA margin
Days sales outstanding
Days payable outstanding
Inventory turnover
Days inventory (DSI)
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet — Assets
TOTAL ASSETS 20/58€3.82M
Fixed assets 21/28€1.81M
Intangible fixed assets 21€374k
Tangible fixed assets 22/27€1.43M
Financial fixed assets 28€1
Current assets 29/58€2.01M
Amounts receivable within one year 40/41€440k
Cash & bank 54/58€1.50M
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3.82M
Equity 10/15€2.89M
Contributions / capital 10/11€23.22M
Accumulated profits (losses) 14€-20.33M
Amounts payable 17/49€924k
Amounts payable within one year 42/48€924k
Trade debts payable within one year 44€622k
Income statement
Gross operating margin 9900€-4.96M
Operating result 9901€-17.50M
Financial income 75€1k
Financial charges 65€24k
Result before taxes 9903€-17.53M
Net result for the period 9904€-17.53M
Result to be appropriated 9905€-17.53M
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Ratios computed by Checked.

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FY 2023 · computed
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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.