Equity
€2.9m from €20.4m in 2022
Equity fell by 86% in 1 year.
Pharrowtech
Overview
Information for creditors
Enterprise Court of Leuven · Official Gazette of 22-04-2025Appeal or third-party opposition 07-05-2025Filing the claim in RegSol 15-05-2025First verification report 25-05-2025Late claim 15-04-2026
Trustees: Karl Vanstipelen, Winny Tirmarche. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Lifetime
4 annual accounts with figures on one time axispeak €1.9m (2021)
-€5.0m▼ €5.6m
lowest -€17.5m (2023)
-€17.5m▼ €15.5m
peak €20.4m (2022)
€2.9m▼ 85.8%
€924,493▲ 9.1%
peak 23.4 FTE (2023)
23.4 FTE▲ 17.0%
Board11 names since 2019
8 directorsImec.Xpand Comm. VA and 7 others
Owners3 names in the annual accounts
20.47%imec.xpand and 1 other
Documentsfilings and deeds
13-08-202413 days late
2023abbreviated format
Gross margin from €618,883 to -€5.0mLoss of €17.5mStaff from 20 FTE to 23.4 FTEEquity from €20.4m to €2.9mCash from €2.3m to €1.5m
Key points
from the 2023 annual accounts, the last ones filedResult
-€17.5m ▼ 781%
The result fell in 2023 from -€2.0m to -€17.5m.
Staff
26 employees on 31-12-2023
In 2023, 8 people joined and 5 left.
Liquidity
2.17 was 11.92 in 2022
Short-term debts rose from €830,346 to €924,493.
Filings
4 annual accounts 2 late
The 2020 accounts came latest: 30 days after the end of the period.
Public support
€2.9m EU contribution
EU research money, mostly HORIZON.
No scoreTurnover not published (abbreviated format)
Signals
Restart pattern
1 indication
A company was founded shortly before or after the bankruptcy of another, with a director in both or at the same registered office.
- BankruptThis companyjudgment 15-04-2025
AuditQ was founded 10 months after the bankruptcy of this company. The annual accounts of both list KBC SECURITIES as director.
- KBC SECURITIES listed as director in the annual accounts of both
- Same main activity: Computer programming NACE 62100
This is a pattern, not a judgment. A new start after a bankruptcy is often entirely legitimate. The facts come from the KBO register, the Belgian Official Gazette, the director data and the annual accounts at the NBB. The same name in two sets of accounts is not necessarily the same person. What the facts mean is for you to look into.
Board and ownership
IX
IMEC.XPAND
Director, VANBEKBERGEN Peter
IX
Imec.Xpand Comm. VA
Director, Peter Vanbekbergen
- KBC Focus fund 16.9%equity €21.1m (2025) · 2025 annual accounts of KBC Focus fund
Shares in 1 company, PHARROWTECH UK LTD
Board & ownershipRecent changes
Bankruptcy published
Enterprise Court of Leuven · judgment of 15-04-2025 · Bankruptcy
Capital increase of €999,999
1,587,300 new shares · Reappointments: Wim van Thillo (managing director), Carl de Ranter, KBC Focus Fund NV, Imec.xpand Comm. VA, David Leftley, Innovations Industries Management II BV and 2 others · Permanent representatives: Rudi Severijns, Peter Vanbekbergen and Sander Verbrugge · General meeting of 18-11-2024 · Gazette deed
Resignation: LEFTLEY David (director)
Capital from €23,221,200.82 to €23,221,200.83, 547,460 new shares · Capital from €23,221,200.83 to €23,221,200.88, 20,988,384 new shares · Capital from €23,221,200.88 to €24,742,159.78, 2,682,467 new shares · Gazette deed
Registered-office move
Board meeting of 07-10-2022 · Gazette deed
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 15-04-2025
- Registered office
- 138 active companies are registered at this address6 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Computer programmingNACE 62100
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.286.858.5383001 Leuven, since 15-03-2019
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2023
- -€5.0m
- €17.5m▲ 781%
- €2.9m▼ 85.8%
- €3.8m▼ 82.1%
- Employeeson 31-12-2023
- 26▲ 13.0%
- Filing
- Filed on 13-08-2024
Insights on Pharrowtech
Equity fell from €20.4m in 2022 to €2.9m in 2023, while debts rose from €847,013 to €924,493.
On 15 April 2025 the court declared Pharrowtech bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2023
abbreviated format, filed on 13-08-2024, 13 days late-€5.0m
▼ €5.6m
-€17.5m
▼ €15.5m
-€17.5m
▼ €15.5m
€1.1m
▼ 88.0%
75.8%
▼ 20.2 percentage points
2.17
▼ 9.75
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €3.8m on 31-12-2023What the company ownsHow it is paid for
in €m
in €m
Position in the sector
75.8%
Higher than 81% of 2,639 companies in 2023.
2.17
Higher than 60% of 2,602 companies in 2023.
-459.2%
Lower than 95% of 2,627 companies in 2023.
Pharrowtech
Middle half of the sector
80% of the sector
Abbreviated accounts in computer programming and consultancy (NACE 62)
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff
€111,536
Staff costs divided by the average number of full-time equivalents.
+3 people
people who joined
people who left
In 2023, 8 people joined and 5 left. Training hours in 2023: 12.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
3.8m | 21.3m | 8.0m | 6.2m | |
21/28 |
1.8m | 11.4m | 7.0m | 4.3m | |
21 |
373,634 | 9.7m | 6.4m | 4.0m | |
22/27 |
1.4m | 1.7m | 567,561 | 298,528 | |
23 |
1.3m | 1.4m | 478,126 | 220,659 | |
24 |
71,425 | 86,213 | 67,817 | 52,301 | |
25 |
- | 5,403 | 15,486 | - | |
26 |
102,026 | 115,307 | 6,133 | - | |
28 |
1 | 9,001 | 9,000 | 9,000 | |
29/58 |
2.0m | 9.9m | 960,589 | 1.8m | |
40/41 |
439,555 | 7.3m | 155,318 | 84,579 | |
40 |
9,415 | 112,658 | 40,627 | - | |
41 |
430,140 | 7.1m | 114,691 | 84,579 | |
54/58 |
1.5m | 2.3m | 769,388 | 1.7m | |
490/1 |
64,558 | 337,694 | 35,883 | 27,886 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
3.8m | 21.3m | 8.0m | 6.2m | |
10/15 |
2.9m | 20.4m | 7.4m | 5.9m | |
10/11 |
23.2m | 23.2m | 8.2m | 7.2m | |
14 |
-20.3m | -2.8m | -813,870 | -1.2m | |
17/49 |
924,493 | 847,013 | 557,690 | 226,314 | |
17 |
- | 16,667 | 21,488 | - | |
178/9 |
- | 16,667 | 21,488 | - | |
42/48 |
924,493 | 830,346 | 536,202 | 226,314 | |
42 |
- | 21,485 | 55,858 | 15,126 | |
44 |
621,867 | 590,195 | 343,720 | 139,951 | |
440/4 |
621,867 | 590,195 | 343,720 | 139,951 | |
45 |
302,626 | 218,667 | 136,623 | 71,237 | |
450/3 |
- | 37 | - | - | |
454/9 |
302,626 | 218,630 | 136,623 | 71,237 | |
| Income statement | |||||
9900 |
-5.0m | 618,883 | 1.9m | -295,398 | |
62 |
2.6m | 2.1m | 1.1m | 553,295 | |
630 |
656,472 | 399,754 | 328,720 | 369,020 | |
640/8 |
898 | 3,593 | 1,129 | 15 | |
66A |
9.3m | 53,890 | - | - | |
9901 |
-17.5m | -2.0m | 444,660 | -1.2m | |
75/76B |
1,150 | 1,933 | 7 | 278 | |
75 |
1,150 | 1,933 | 7 | 278 | |
65/66B |
23,748 | 39,125 | 13,393 | 27,694 | |
65 |
23,748 | 39,125 | 13,393 | 27,694 | |
9903 |
-17.5m | -2.0m | 431,274 | -1.2m | |
9904 |
-17.5m | -2.0m | 431,274 | -1.2m | |
9905 |
-17.5m | -2.0m | 431,274 | -1.2m | |
| Appropriation of the result | |||||
9906 |
-20.3m | -2.8m | -813,870 | -1.2m | |
14P |
-2.8m | -813,870 | -1.2m | - | |
| Social balance sheet | |||||
9087 |
23.4 | 20 | 11.4 | 4.2 | |
Hours worked1013 |
40,692 | 35,556 | 20,833 | 9,998 | |
| Document | |||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2023 (PDF), filed on 13-08-2024.
Filings
each dot is a set of accounts, on the day it reached the National Bank2023 annual accounts filed 13 days after the deadline. Filed on 13 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00341579.
Subsidies and aid
Flemish government 2022 to 2024, 3 entries, €8,331 awarded, €7,313 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 2 | €7,431 | €6,413 |
| 2022 | 1 | €900 | €900 |
European Union 2024, 1 entry, €2.5m in total
European research 3 projects, 1 as coordinator, €2.9m EU contribution
Projects
- Next-Gen Wireless Chip and Antenna Tech for Wi-Fi 8Horizon Europe, coordinator, 01-01-2025 to 31-12-2026, €2.5m, SWIFT
- MACHINE LEARNING-BASED, NETWORKING AND COMPUTING INFRASTRUCTURE RESOURCE MANAGEMENT OF 5G AND BEYOND INTELLIGENT NETWORKSHorizon 2020, participant, 01-01-2021 to 30-06-2024, €361,250, MARSAL
- European Doctoral Network for Resilient Remote Healthcare using Intelligent Sensing and Communication TechnologiesHorizon Europe, associated partner, 01-02-2025 to 31-01-2029, SMARTTEST
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| -16.8m | -1.6m | 773,380 | -848,708 | ||
| -16.9m | -1.6m | 759,994 | -876,124 | ||
| 383,986 | 4.8m | 3.0m | 4.7m | ||
| -797,726 | 1.5m | -944,971 | - | ||
| 1.1m | 9.1m | 424,387 | 1.6m | ||
| 75.8% | 96.0% | 93.0% | 96.3% | ||
| 2.17 | 11.92 | 1.79 | 8.07 | ||
| 0.32 | 0.04 | 0.08 | 0.04 | ||
| -606.0% | -9.7% | 5.8% | -20.9% | ||
| -459.2% | -9.4% | 5.4% | -20.2% | ||
| -709.38 | -39.70 | 57.74 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|
| Employees at the balance-sheet date | 26 | 23 | 15 |
| full-time | 23 | 21 | 14 |
| part-time | 3 | 2 | 1 |
| in full-time equivalents | 25.1 | 22.6 | 14.8 |
| 23.4 | 20 | 11.4 | |
| On a permanent contract | 26 | 23 | 15 |
| Joined | 8 | 11 | 9 |
| Left | 5 | 3 | 2 |
| Training hours | 12 | - | - |
Source: social balance sheet in the 2021 to 2023 annual accounts
Securities and guarantees
on own assets and for others| Item | 2023 | 2022 | 2021 |
|---|---|---|---|
| €75,000 | - | - |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2023 | 2022 | 2021 |
|---|---|---|---|
| Tangible fixed assets | €201,083 | €1.3m | €387,391 |
| Intangible fixed assets | €182,903 | €3.5m | €2.6m |
| Financial fixed assets | - | €1 | - |
| €656,472 | €399,754 | €328,720 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Insights on Pharrowtech
The operating result for 2023 is a loss of €17.5m, larger than the loss of €2.0m in 2022. It is the lowest result since 2020.
Debt's share of the balance-sheet total rises from 4.0% to 24.2%. Equity is lower and debt is higher.
Large changes and their cause
- 2022 Equity +176%, Total assets +167% on 2021. Capital increase of €13,999,992 (Official Gazette 22-04-2022).
Board & ownership
Curators
the curators have managed the company since 15-04-2025Last board
9 directors, 1 in day-to-day management, 1 auditor, last change in 2024Chair of the board and niet statutair bestuurder onafhankelijk bestuurder
chair of the board in office according to the deed of 27-11-2024
niet statutair bestuurder onafhankelijk bestuurder current term since 21-06-2024
term until 21-06-2030
earlier director, from 22-06-2021 to 22-04-2022
listed in the 2023 annual accounts, filed on 13-08-2024
Director
current term since 21-06-2024
term until 21-06-2030
listed in the 2023 annual accounts, filed on 13-08-2024
IMEC.XPAND
Director (not named in the articles), permanent representative VANBEKBERGEN Peter
current term since 21-06-2024
term until 21-06-2030
earlier director, until 22-04-2022
listed in the 2023 annual accounts, filed on 13-08-2024
2 other companies bankruptImec.Xpand Comm. VA
Director, permanent representative Peter Vanbekbergen
current term since 21-06-2024
term until 21-06-2030
listed in the 2023 annual accounts, filed on 13-08-2024
2 other companies bankruptInnovations Industries Management II BV
Director, permanent representative Sander Verbrugge
since 21-06-2024
term until 21-06-2030
listed in the 2023 annual accounts, filed on 13-08-2024
Director (not named in the articles), permanent representative SEVERIJNS Rudi Gerard Frans
current term since 21-06-2024
term until 21-06-2030
listed in the 2023 annual accounts, filed on 13-08-2024
Director
since 21-06-2024
term until 21-06-2030
listed in the 2023 annual accounts, filed on 13-08-2024
Niet statutair bestuurder uitvoerend bestuurder and managing director
niet statutair bestuurder uitvoerend bestuurder current term since 21-06-2024
managing director appointed by deed of 28-09-2021
term until 21-06-2030
earlier director, from 22-06-2021 to 22-04-2022
listed in the 2023 annual accounts, filed on 13-08-2024
Director, permanent representative Rudi Severijns
in office according to the deed of 27-11-2024
Statutory auditor, permanent representative Bert Kegels
appointed by deed of 28-09-2021
- Wim van Thillo
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Enige beslissingen waarnaar wordt verwezen in dit Artikel 9.5. bis die op het niveau van een Dochtervennootschap worden genomen, behoeven…”deed of 23-07-2024
Permanent representatives 3
SEVERIJNS Rudi Gerard Frans
Permanent representative, for KBC SECURITIES
appointed by deed of 22-04-2022
Sander Verbrugge
Permanent representative, for Innovations Industries Management II BV
in office according to the deed of 27-11-2024
Mandates through the years
11 names, the dashed line is todayImec.Xpand Comm. VA
Director
Director
KBC SECURITIES
Director (not named in the articles)
Director (not named in the articles)
LEFTLEY David
Director
Director
VORENKAMP Pieter
Niet statutair bestuurder onafhankelijk bestuurder, Chair of the board
Niet statutair bestuurder onafhankelijk bestuurder, Chair of the board
Wim van Thillo
Managing director, Niet statutair bestuurder uitvoerend bestuurder
Managing director, Niet statutair bestuurder uitvoerend bestuurder
Carl de Ranter
Director (not named in the articles)
Director (not named in the articles)
IMEC.XPAND
Director (not named in the articles)
Director (not named in the articles)
Innovations Industries Management II BV
Director
Director
KBC Focus Fund NV
Director
Director
BDO Bedrijfsrevisoren bv
Statutory auditor
Statutory auditor
Innovation Industries Management II B.V.
Director (not named in the articles)
Director (not named in the articles)
LeadershipBoardEarliermandate already running before its first mentionend not datedBankruptcy 15-04-2025
Mandates as a list
- Imec.Xpand Comm. VA
- Director, appointed by deed of 28-09-2021, until the bankruptcy of 15-04-2025
- KBC SECURITIES
- Director, from before 22-06-2021 to 22-04-2022
- Director (not named in the articles), appointed by deed of 22-04-2022, until the bankruptcy of 15-04-2025
- LEFTLEY David
- Director, from before 22-06-2021 to 22-04-2022
- Director (not named in the articles), appointed by deed of 22-04-2022, until 23-07-2024
- Director, from before 27-11-2024, until the bankruptcy of 15-04-2025
- VORENKAMP Pieter
- Director, from before 22-06-2021 to 22-04-2022
- Niet statutair bestuurder onafhankelijk bestuurder, appointed by deed of 22-04-2022, until the bankruptcy of 15-04-2025
- Chair of the board, from before 27-11-2024, until the bankruptcy of 15-04-2025
- Wim van Thillo
- Director, from before 22-06-2021 to 22-04-2022
- Managing director, appointed by deed of 28-09-2021, until the bankruptcy of 15-04-2025
- Niet statutair bestuurder uitvoerend bestuurder, appointed by deed of 22-04-2022, until the bankruptcy of 15-04-2025
- Carl de Ranter
- Director (not named in the articles), from before 31-12-2021, until the bankruptcy of 15-04-2025
- Director, until 22-04-2022
- IMEC.XPAND
- Director (not named in the articles), from before 31-12-2021, until the bankruptcy of 15-04-2025
- Director, until 22-04-2022
- Innovations Industries Management II BV
- Director, from before 31-12-2023, until the bankruptcy of 15-04-2025
- KBC Focus Fund NV
- Director, from before 27-11-2024, until the bankruptcy of 15-04-2025
- BDO Bedrijfsrevisoren bv
- Statutory auditor, from 01-01-2021, until the bankruptcy of 15-04-2025
- Innovation Industries Management II B.V.
- Director (not named in the articles), from before 31-12-2021, no longer listed in the 2023 annual accounts
Control
Shareholder
Equity €21.1m
Loss €7.1m in 2025 (loss €3.0m in 2024)
Source: accounts KBC Focus fund 2025
16.9%
This company
Pharrowtech
Equity €2.9m
Loss €17.5m in 2023
Capital
- Capital
- €24,221,199.83
- Source
- deed of 23-07-2024 and 1 later capital increase
Owners through the years
as the annual accounts name themOwners as a list
- imec.xpand
- KBC Focus fund
- Interuniversitair Micro-Electronica Centrum
Source: lists of holdings in the owners' accounts
Articles of association
deed of 23-07-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 4 directorsAt most 7 directors“Niet gedilueerde basis van uitstaande Vermogensaandelen, kandidaten voordragen voor benoeming van 1 Bestuurder en algemene vergadering…”“Niet gedilueerde basis van uitstaande Vermogensaandelen, kandidaten voorstellen voor benoeming van 1 Bestuurder en algemene vergadering…”“Kandidaten voordragen met relevante ervaring in de sector en sterke bedrijfskundige achtergrond voor benoeming van 1 onafhankelijke…”“CEO, kandidaten voordragen voor benoeming van 1 uitvoerend bestuurder”“Kandidaten voordragen voor benoeming van 1 waarnemer”“Niet gedilueerde basis van uitstaande Vermogensaandelen, eveneens een Waarnemer benoemen in de Raad Van Bestuur bij verlies van…”“Voortijdige vacature voor verstrijken mandaat, Aandeelhouders stellen zo snel mogelijk en in elk geval voor volgende vergadering van Raad…”
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Ordinary A-1 Aandelen en Ordinary A-2 Aandelen, wijziging en/of schrapping Exit Preferentie Ordinary A-2 vereist voorafgaande uitdrukkelijke…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Alle-machten-artikel-2:87-WVV-zonder-bijzondere-machtiging-AV, AV-kan-te-allen-tijde-bij-gewone-meerderheid-beperken”
Capital transactions
Shareholders according to the deeds
After 3 capital increases
deed of 22-04-2022 ↗
- Imec.Xpand 77,508 shares · “inbreng schuldvordering”
- Bloc Ventures Limited 77,508 shares · “inbreng schuldvordering”
- KBC Focus fund 30,854 shares · “inbreng schuldvordering”
Capital over time
- 27-11-2024 Capital increase of €999,999 · 1,587,300 new shares at €0.63 per share · in cash
- 23-07-2024 Capital increase of €0.01 · to €23,221,200.83 · 547,460 new shares · in cash
- 23-07-2024 Capital increase of €0.05 · to €23,221,200.88 · 20,988,384 new shares
- 23-07-2024 Capital increase of €1,520,958.90 · to €24,742,159.78 · 2,682,467 new shares
- 23-07-2024 Capital increase of €2,503,166.40 · to €27,245,326.18 · 3,973,280 new shares at €0.63 per share
- 22-04-2022 Capital increase of €1,011,987.80 · 185,870 new shares · in kind
- 22-04-2022 Capital increase of €13,999,992.26 · 2,378,524 new shares at €5.89 per share · in cash
- 29-11-2021 Capital increase of €1,015,995.24 · 434,186 new shares at €2.34 per share · in cash
The directors' other companies
1 last director with another company that went bankrupt, was dissolved or struck offIMEC.XPAND
2 other companies of this director went bankrupt (2025, 2026).
- MICLEDI MICRODISPLAYS bankruptcy on 16-04-2026Official Gazettemandate 2021 to 2024
- Pulsify Medical bankruptcy on 12-06-2025Official Gazetteappointed in 2023, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Network & group
Holdings
own 2022 accountsThis companyPharrowtech1 holding, 1 country
2022 accounts
Europe 1 Equity Result
- GB PHARROWTECH UK LTD GBP 1 result GBP 1
Source: list of holdings in its own 2022 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2022, in their own currency.
Holdings and subsidiaries
1 holdingHoldings 1
Share, source and own figures per holding (1)
-
100%
Board mandates elsewhere
1 board mandateBoard mandates of PharrowtechPharrowtech sits on their board1
Connections & network
7 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
EXALATE
via KBC SECURITIES · Class B director · deed of 15-05-2023
Founded in 2011 · 15 FTE (2025) · negative equity
→
SYMPL
via KBC SECURITIES · Class B director · deed of 26-09-2024
Founded in 2015 · total assets €618,222 (2025) · negative equity
→
KBC Private Partners Climate Technologies Responsible Investing (Privak)
via KBC SECURITIES · Niet statutaire zaakvoerder director · deed of 29-01-2024
Founded in 2024 · total assets €18.9m (2025)
→
KBC Private Partners Climate Technologies Responsible Investing
via KBC SECURITIES · Manager (not named in the articles) · deed of 29-01-2024
Founded in 2024 · total assets €18.3m (2025)
→
Show 3 more companies with a shared director
→
VENTORY
via KBC SECURITIES · Director · deed of 27-05-2026
Founded in 2023 · total assets €586,089 (2025)
→
→
Timeline
Timeline
20 events since 2019Board
Capital
Filings
Financial
Establishments
Insolvency
Address
Other
2020202220242026
2025
Bankruptcy published Enterprise Court of Leuven · judgment of 15-04-2025
2024
Capital increase of €999,9991,587,300 new shares · Reappointments: Wim van Thillo (managing director), Carl de Ranter, KBC Focus Fund NV, Imec.xpand Comm. VA, David Leftley, Innovations Industries Management II BV and 2 others · Permanent representatives: Rudi Severijns, Peter Vanbekbergen and Sander Verbrugge · General meeting of 18-11-202415 points ▸
- General meeting, 18-11-2024
- Capital increase, €999,999
- Amendment of the articles, article 5.1
- Director reappointment, Wim van Thillo (managing director)
- Director reappointment, Carl de Ranter
- Director reappointment, KBC Focus Fund NV
- Director reappointment, Imec.xpand Comm. VA
- Director reappointment, David Leftley
- Director reappointment, Innovations Industries Management II BV
- Permanent representative, Rudi Severijns
- Permanent representative, Peter Vanbekbergen
- Permanent representative, Sander Verbrugge
- Director reappointment, Pieter Vorenkamp (chair of the board)
- Auditor reappointment, BDO Bedrijfsrevisoren BV
- Director discharge, bestuurders
- The deed holds 6 more points.
Annual accounts 2023 filed PDFabbreviated format · 13 days late
Resignation: LEFTLEY David (director)Capital from €23,221,200.82 to €23,221,200.83, 547,460 new shares · Capital from €23,221,200.83 to €23,221,200.88, 20,988,384 new shares · Capital from €23,221,200.88 to €24,742,159.78, 2,682,467 new shares7 points ▸
- Capital increase, €0.01
- Auditor report, 10-07-2024
- Capital increase, €0.05
- Capital increase, €1,520,958.90
- Capital increase, €2,503,166.40
- Director resignation, LEFTLEY David
- Director discharge, LEFTLEY David
- The deed holds 15 more points.
2023
Weakest financial year net -€17.5m The net result drops to -€17.5m, the lowest from 2020 to 2023.
Annual accounts 2022 filed PDFabbreviated format · 13 days before the deadline
2022
Liquidity more than 6 times current ratio 11.92 The current ratio rises from 1.79 to 11.92.
Equity above €10m equity €20.4m ▲176% Equity rises from €7.4m to €20.4m.
Registered-office moveBoard meeting of 07-10-20222 points ▸
- Board meeting, 07-10-2022
- Registered-office move, Philipssite5-A, bus32, 3001Leuven
- Board meeting, 21-06-2022
- Director appointment, Wim Van Thillo (managing director)
- The deed holds 1 more point.
Annual accounts 2021 filed PDFabbreviated format · 11 days before the deadline
5 directors appointed, 4 resignations185,870 new shares · 2,378,524 new shares · 77,508 shares · General meeting of 01-04-202220 points ▸
- General meeting, 01-04-2022
- Capital increase, €1,011,987.80
- Capital increase, €13,999,992.26
- Director resignation, VAN THILLO Wim
- Director resignation, Imec.Xpand
- Director resignation, LEFTLEY David John
- Director resignation, KBC SECURITIES
- Director resignation, VORENKAMP Pieter
- Director resignation, DE RANTER Carl
- Director appointment, DE RANTER Carl (director (not named in the articles))
- Director appointment, VAN THILLO Wim (niet statutair bestuurder uitvoerend bestuurder)
- Director appointment, Imec.Xpand (director (not named in the articles))
- Director appointment, LEFTLEY David John (director (not named in the articles))
- Director appointment, KBC SECURITIES (director (not named in the articles))
- Director appointment, Innovation Industries Management II B.V. (director (not named in the articles))
- Director appointment, VORENKAMP Pieter (niet statutair bestuurder onafhankelijk bestuurder)
- Permanent representative, VANBEKBERGEN Peter
- Permanent representative, SEVERIJNS Rudi Gerard Frans
- Permanent representative, VERBRUGGE Sander
- Power of attorney, Tim CARNEWAL
- The deed holds 20 more points.
2021
Back to profit net €431,274 The net result is €431,274, after one loss-making year.
Capital increase of €1,015,995.24434,186 new shares · General meeting of 29-10-20214 points ▸
- General meeting, 29-10-2021
- Capital increase, €1,015,995.24
- Amendment of the articles, article 5
- Power of attorney, Peter VAN MELKEBEKE
- The deed holds 8 more points.
2 directors appointed, 1 statutory auditor appointed, 5 reappointmentsAppointments: Imec.xpand Comm.VA, BDO BEDRIJFSREVISOREN BV (statutory auditor) and Wim Van Thillo (managing director) · Permanent representatives: Peter Vanbekbergen and Rudi Severijns · Reappointments: Wim Van Thillo, David Leftley, Pieter Vorenkamp, KBC Securities NV and Imec.xpand Comm.VA · General meeting of 22-06-202112 points ▸
- General meeting, 22-06-2021
- Director appointment, Imec.xpand Comm.VA
- Permanent representative, Peter Vanbekbergen
- Director reappointment, Wim Van Thillo
- Director reappointment, David Leftley
- Director reappointment, Pieter Vorenkamp
- Director reappointment, KBC Securities NV
- Permanent representative, Rudi Severijns
- Director reappointment, Imec.xpand Comm.VA
- Auditor appointment, BDO BEDRIJFSREVISOREN BV (statutory auditor)
- Board meeting, 16-06-2021
- Director appointment, Wim Van Thillo (managing director)
Annual accounts 2020 filed PDFabbreviated format · 30 days late
2020
Amendment of the articlesIssue of 1,283,552 shares3 points ▸
- Power of attorney, VANOPPEN Jessie
- Power of attorney, VAN RAEMDONCK Olivier
- Power of attorney, CLAEYS Eva
- The deed holds 5 more points.
BoekjaarGeneral meeting of 11-12-20191 point ▸
- General meeting, 11-12-2019
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0722.804.804
- VAT number
- BE 0722.804.804
- Legal form
- Private limited company
- Status
- In bankruptcy, since 15-04-2025
- Founded
- 15-03-2019
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00deed of 23-07-2024 (in Dutch)
- Peppol
- Not found in the Peppol Directory
- Name
- Pharrowtech in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 23-07-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 23-07-2024 (in Dutch)
Activities
NACEBEL 202562100
Computer programming main activity
Joint committees annual accounts 2022
JC 200
Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het ontwikkelen, aankopen, verkopen, verhuren, promoten, onderhouden en aanpassen van technologie en software met alle hieraan verbonden…”deed of 22-04-2022 (in Dutch)
13 activities
- Het ontwikkelen, aankopen, verkopen, verhuren, promoten, onderhouden en aanpassen van technologie en software met alle hieraan verbonden diensten onder meer toegespitst op snelle draadloze data en communicatie verbindingen
- Het ontwikkelen, produceren, assembleren, aankopen, verkopen, verhuren, promoten, onderhouden en aanpassen van hardware (elektronische schakelingen, elektronische apparatuur, onderdelen, printplaten, chips) met inbegrip van alle hieraan verbonden diensten
- Het leveren van alle prestaties, projectimplementaties, adviezen, diensten en producten op het gebied van informatica en elektronica
- Het commercialiseren van alle merken, hetzij eigen, hetzij van derden, van materiaal, informatica en telematicacomponenten en randapparatuur, alle verbruiksgoederen en softwareproducten die op de markt beschikbaar zijn
- De vennootschap zal in het kader van haar voorwerp eveneens patenten en licenties kunnen ontwikkelen, aanvragen en commercialiseren via derden of in eigen beheer
- De vennootschap zal eveneens binnen haar voorwerp activiteiten van onderzoek en ontwikkeling kunnen ontplooien, zij kan daartoe eveneens samenwerken met onderwijsinstellingen, onderzoeksinstituten en industriële partners
- De vennootschap kan binnen haar voorwerp, in de meest ruime zin, opleidingen, seminars, trainingen en coaching ontwikkelen, samenstellen en verzorgen
- Uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen, al dan niet onder het stelsel van de BTW, met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de verbouwing, de binnenshuisinrichting en decoratie, de huur- en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, van onroerende goederen of onroerende zakelijke rechten
- Uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan- en verkoop, de huur- en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen
- Uitsluitend in eigen naam en voor eigen rekening: het aangaan en verstrekken van leningen, kredieten, financieringen en het aangaan van leasingcontracten, in het kader van de bovenvermelde doelstellingen
- De vennootschap kan samenwerken met, deelnemen in, of op gelijk welke wijze, rechtstreeks of onrechtstreeks, belangen nemen in andere ondernemingen
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak
- De vennootschap kan in het algemeen alle commerciële, industriële, financiële, roerende en/of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of die van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Philipssite 5-A registered office 3001 Leuven | 15-03-2019 | 2.286.858.538 |
1 former office
- 3000 Leuven until the deed of 19-10-2022
Buildings and parcels at the address
- Ground area
- 6,606 m²
- Buildings
- 2,028 m²
- Volume, LiDAR
- 47,312 m³
- Tallest building
- 32.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24433E0025/00C002 | 6,606 m² | 1 · 2,027 m² | 32.0 m · 9 |