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Active
BE 0722.804.804Private limited companyOpen bankruptcy
Pharrowtech
Philipssite 5-A ·3001 Leuven, Belgium· 7 yrs active
Sector: Computer programming & consultancy
(62100)
Conclusion
A bankruptcy procedure is open for Pharrowtech according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €2.89M and a net result of €-17.53M.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €2.89M |
| Net result | €-17.53M |
| Staff (FTE) | 23.4 |
| Better than sector | 85% |
Snowflake analysis
26
/ 100
Fragile profile — watch health in particular.
Health
0
Profitability
0
Solvency
100
Growth
32
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskComponents
· Open bankruptcy (+50)
Trust signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Health barometer
0
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview
Annual accounts filed on 13-08-2024 with the NBB · fiscal year 2023 · verkort
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% | |
| Net result | €-17.53M | €1k | |
| Equity | €2.89M | €39k | |
| Gross operating margin | €-4.96M | €42k | |
| Staff costs | €2.61M | €294k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-16.85M
-984.7%
20–23
€-17.53M
-780.6%
20–23
€-16.87M
-960.7%
20–23
€3.82M
-82.1%
20–23
€2.89M
-85.8%
20–23
€1.08M
-88.0%
20–23
23
+17.0%
20–23
€2.61M
+23.4%
20–23
€924k
+9.1%
20–23
€924k
+11.3%
20–23
€17k
-22.4%
20–23
2.17
-81.8%
20–23
2.17
-81.8%
20–23
75.8%
-21.1%
20–23
0.32
+670.5%
20–23
-606.0%
-6117.0%
20–23
-459.2%
-4806.5%
20–23
-709.38
-1687.0%
20–23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| 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 ratio | 2.17 |
| Quick ratio | 2.17 |
| Working capital ratio | 28.4% |
| Solvency | 75.8% |
| Debt / equity | 0.32 |
| 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 | Code | 2023 |
|---|---|---|
| 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 |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | KARL VANSTIPELEN STATIONSSTRAAT 108 A,
3400 LANDEN |
15-04-2025 → present | Belgian State Gazette |
| Curator | WINNY
TIRMARCHE STATIONSSTRAAT 108, 3400 LANDEN- |
15-04-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Computer programming & consultancy(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 15-03-2019 |
| Status | Active |
| Postal code | 3001 |
| First BS signal | 22-04-2025 |
| Latest BS signal | 22-04-2025 |
Company structure — linked entities
Mandates
↔
1
of these mandate-holders are active on other cases — click any red card to open that KBO.
Establishment units
Pharrowtech
since 20192.286.858.538
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
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.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24433E0025/00C002 | Flanders | 6,606 m² | 1 · 2,027 m² | 32.0 m · 9 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
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
22-04-2025
Bankruptcy
Opening
2024
13-08-2024
NBB filing
Annual accounts filed
2023
18-07-2023
NBB filing
Annual accounts filed
2022
20-07-2022
NBB filing
Annual accounts filed
2021
30-08-2021
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
22-04-2025
Bankruptcy
Opening
Time machine — BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023–2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE)
Activities
Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100
Primary activity highlighted.
Names & trade names
| Legal nameNL | Pharrowtech |
Registered office
Philipssite 5-A
3001 Leuven, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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