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PHASE 2

Absorbed by SIFRANCE DISTRIBUTION KBO/BCE: BE 0455.469.141 subsidiary of SIFRANCE DISTRIBUTION

Overview

Lifetime

18 annual accounts with figures on one time axis, 28 filings since 1996
Gross marginpeak €8,290 (2010)
-€1,214▼ €2,714
Resultlowest -€801 (2023)
-€801▼ €2,033
Equitypeak €56,863 (2017)
€26,263▼ 3.0%
Debts
€1,086▲ 54.7%
Board1 name since 2018
1 directorSimon DEGHORAIN
Owners
  
Documentsfilings and deeds
03-07-202428 days before the deadline
2023micro format
Gross margin from €1,501 to -€1,214Loss of €801Merger proposal: to be absorbed by SRL SIFRANCE DISTRIBUTION 13-12Registered office moved from Philippeville to Beaumont 02-10Debts from €702 to €1,086

Key points

from the 2023 annual accounts, the last ones filed

Equity

€26,263 from €56,863 in 2017

Equity fell by 54% in 6 years.

Liquidity

25.18 was 39.55 in 2022

Short-term debts rose from €702 to €1,086.

Filings

28 annual accounts since 1996
AprilJune31 JulyOctober200020102020

The last five annual accounts were filed 28 to 59 days before the end of the period.

No scoreTurnover not published (micro format)

Board and ownership

SD
Simon DEGHORAIN
Director, since 29-03-2018
Board & ownership

Recent changes

Merger: absorbed by SIFRANCE DISTRIBUTION Dissolution of the company · Dissolved without liquidation · SIFRANCE DISTRIBUTION holds all the shares · General meeting of 22-01-2024 · Gazette deed
Merger proposal: to be absorbed by SRL SIFRANCE DISTRIBUTION SRL SIFRANCE DISTRIBUTION holds all the shares · Gazette deed
Registered office moved from Philippeville to Beaumont New registered office: Chaussée de Mons, Zone Artisanale 3 à 6500 BEAUMONT · Previous registered office: Bd de l'Enseignement 16A à 5600 Philippeville · Board meeting of 03-07-2023 · Gazette deed
Incorporation 24 publications in the Belgian Official Gazette, the last on 22-02-2024 · Gazette deed
All 38 events

Official details

Source: KBO
Status
Absorbed by SIFRANCE DISTRIBUTIONmerger by absorption, February 2024
Activity
“L'import,l'export,l'achat,la vente en gros ou en détail d'articles textiles,de jeux de chaussures et de…” (deed in French)From the articles, 8 activitiesNo NACE code in the KBO yet
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2023

Gross margin
-€1,214
Loss
€801
Equity
€26,263▼ 3.0%
Total assets
€27,349▼ 1.5%
Filing
Filed on 03-07-2024
Financials

Insights on PHASE 2

Absorbed by SIFRANCE DISTRIBUTION in February 2024. The last annual accounts are for financial year 2023. The company was dissolved without liquidation.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2023

micro format, filed on 03-07-2024, 28 days before the deadline
Gross margin
-€1,214
▼ €2,714
Operating result
-€1,214
▼ €2,310
EBITDA
-
Cash flow
-
Solvency
96.0%
▼ 1.4 percentage points
Current ratio
25.18
▼ 14.37

Turnover and EBIT margin are not published. The micro format does not require them.

Money flows

no detail for 2023

Balance sheet

balance sheet total €27,349 on 31-12-2023
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
Total assets20/58 27,34927,76626,19225,63623,20519,93557,71350,84843,35335,20929,08824,51020,60917,5639,1772,8791,4971,765
Fixed assets21/28 ----------------50220
Tangible fixed assets22/27 ----------------50220
Plant, machinery and equipment23 ----------------5099
Other tangible fixed assets26 -----------------121
Current assets29/58 27,34927,76626,19225,63623,20519,93557,71350,84843,35335,20929,08824,51020,60917,5639,1772,8791,4481,545
Stocks and contracts in progress3 ------------3737639669851776
Stocks30/36 ------------3737639669851776
Amounts receivable within one year40/41 20,32020,02220,83120,0226171,2812011,0213471,5065541,127-1,030--298645
Trade receivables40 --809-5951,000--1151,3144621,084-1,030----
Other amounts receivable41 20,32020,02220,02220,022222812011,0212321929243-1--298645
Cash at bank and in hand54/58 6,6287,3445,3615,61322,58818,65557,51249,82742,80333,41828,28423,38320,34016,4958,5382,210299124
Deferred charges and accrued income490/1 400400------203285250-231-----
Balance sheet: equity and liabilities
Total equity and liabilities10/49 27,34927,76626,19225,63623,20519,93557,71350,84843,35335,20929,08824,51020,60917,5639,1772,8791,4971,765
Equity10/15 26,26327,06425,83223,82722,71917,77456,86350,80842,98135,02528,63824,37320,50516,8408,7722,7721,497-5,018
Contributions10/11 18,60018,60018,60018,60018,60018,60062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
Issued capital100 ----18,60018,60062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
Reserves13 8,4648,4647,2325,2274,1191,2051,2051,2051,2051,2051,2051,2051,2051,2051,205905842516
Non-distributable reserves130/1 1,3518,4647,2325,2272,767-------------
Legal reserve130 ----1,3511,2051,2051,2051,2051,2051,2051,2051,2051,2051,205905842516
Reserves not available under the articles1311 1,3511,5571,5571,351--------------
Other1319 -6,9075,6753,8752,767-------------
Distributable reserves133 7,113-----------------
Profit (loss) carried forward14 -801-----2,031-6,343-12,397-20,225-28,180-34,567-38,832-42,701-46,365-54,433-60,133-61,345-67,534
Amounts payable17/49 1,0867023601,8094872,16185040372184450137104723404107-6,783
Amounts payable within one year42/48 1,0867023602734872,16185040372184450137104723404107-6,783
Trade debts44 466----546-40----10032820050--
Suppliers440/4 466----546-40----10032820050--
Advances received on contracts in progress46 -----1,615661-----------
Taxes, remuneration and social security45 620702360273487-189-372184450137439520457--
Taxes450/3 620702360273487-189-372184450137439520457--
Other amounts payable47/48 -----------------6,783
Accrued charges and deferred income492/3 ---1,536--------------
Income statement
Turnover70 ----------------18,56612,231
Gross operating margin9900 -1,2141,5012,9991,6255,3814,4866,1907,9637,8976,1734,3793,8533,7738,2905,7531,7466,9484,802
Goods, raw materials, services and sundry goods60/61 ----------------11,6187,429
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 ---------------50170170
Other operating charges640/8 -405461472472520469547545475614471537533-509458487
Operating profit (loss)9901 -1,2141,0962,5391,1534,9093,9665,7217,4167,3525,6983,7653,3833,2367,7575,7531,1886,3204,145
Financial income75/76B 473804432206393388370440632716528468503339280119315185
Recurring financial income75 473804432206393388370440632716528468503339280119315185
Financial charges65/66B 60394339644236292828282829283332119105
Recurring financial charges65 60394339644236292828282829283332119105
Profit (loss) for the period before taxes9903 -8011,8612,9271,3215,2384,3126,0557,8277,9566,3874,2653,8233,7108,0686,0001,2756,5164,225
Income taxes67/77 06291,033213294-------4646-----
Profit (loss) for the period9904 -8011,2321,8951,1084,9444,3126,0557,8277,9566,3874,2653,8693,6658,0686,0001,2756,5164,225
Profit (loss) for the period to be appropriated9905 -8011,2321,8951,1084,9444,3126,0557,8277,9566,3874,2653,8693,6658,0686,0001,2756,5164,225
Appropriation of the result
Profit (loss) to be appropriated9906 -8011,2321,8951,1082,913-2,031-6,343-12,397-20,225-28,180-34,567-38,832-42,701-46,365-54,133-60,069-61,019-67,323
Transfer to equity691/2 01,2321,8951,1082,913---------30064326211
To the legal reserve6920 --95-146---------30064326211
To other reserves6921 01,2321,8001,1082,767-------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 10 older financial years (1996-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 5 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 03-07-2024.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2023 micro format 03-07-2024 2024-00228687 PDF
31-12-2022 micro format 15-06-2023 2023-00128420 PDF
31-12-2021 micro format 20-06-2022 2022-20074100 PDF
31-12-2020 micro format 02-06-2021 2021-16700341 PDF
31-12-2019 micro format 02-06-2020 2020-14000441 PDF
31-12-2018 micro format 10-06-2019 2019-17600394 PDF
31-12-2017 micro format 07-05-2018 2018-12300264 PDF
31-12-2016 micro format 15-06-2017 2017-18100137 PDF
31-12-2015 full format 02-06-2016 2016-14900533 PDF
31-12-2014 full format 19-06-2015 2015-19200533 PDF
31-12-2013 full format 10-06-2014 2014-16300599 PDF
31-12-2012 full format 19-08-2013 2013-43800041 PDF
31-12-2011 full format 19-07-2012 2012-31600201 PDF
31-12-2010 full format 08-08-2011 2011-38500401 PDF
31-12-2009 full format 27-08-2010 2010-49700341 PDF
31-12-2008 full format 17-07-2009 2009-43700207 PDF
31-12-2007 full format 09-06-2008 2008-20800129 PDF
31-12-2006 full format 26-06-2007 2007-30700163 PDF
31-12-2005 full format 07-06-2006 2006-20701021 PDF
31-12-2004 full format 13-06-2005 2005-24604379 PDF
31-12-2003 full format 23-06-2004 2004-30301742 PDF
31-12-2002 full format 10-11-2003 2003-78703113 PDF
31-12-2001 full format 10-09-2002 2002-54800142 PDF
31-12-2000 full format 11-07-2001 2001-36303404 PDF
31-12-1999 full format 11-08-2000 2000-51000381 PDF
31-12-1998 full format 25-08-1999 1999-42404937 PDF
31-12-1997 full format 21-12-1998 1998-62401103 PDF
31-12-1996 full format 17-10-1997 1997-49503980 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202320222021202020192018201720162015201420132012201120102009200820072006
EBITDA ---------------1,2376,4904,315
Cash flow ---------------1,3256,6864,395
Investment in fixed assets (approximation) ---------------00-
Change in cash -7151,983-253-16,9753,933-38,8577,6847,0249,3865,1344,9013,0423,8457,9576,3281,912175-
Working capital 26,26327,06425,83225,36322,71917,77456,86350,80842,98135,02528,63824,37320,50516,8408,7722,772--5,238
EBIT margin ----------------34.0%33.9%
Solvency 96.0%97.5%98.6%92.9%97.9%89.2%98.5%99.9%99.1%99.5%98.5%99.4%99.5%95.9%95.6%---
Current ratio 25.1839.5572.7393.8647.669.2367.89---64.66--24.2922.70---
Quick ratio 25.1839.5572.7393.8647.669.2367.89---64.66--24.2421.12---
Debt to equity 0.040.030.010.080.020.120.010.000.010.010.020.010.010.040.05---
ROE -3.1%4.6%7.3%4.7%21.8%24.3%10.6%15.4%18.5%18.2%14.9%15.9%17.9%47.9%68.4%---
ROA -2.9%4.4%7.2%4.3%21.3%21.6%10.5%15.4%18.4%18.1%14.7%15.8%17.8%45.9%65.4%---
Customer credit ----------------6 days19 days

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.

Insights on PHASE 2

The operating result for 2023 is a loss of €1,214, after a profit of €1,096 in 2022. It is the lowest result since 2006.

Debt's share of the balance-sheet total rises from 2.5% to 4.0%. Equity is lower and debt is higher.

Board & ownership

Last board

1 director, last change in 2023
Simon DEGHORAIN
Director
since 29-03-2018
listed in the 2023 annual accounts, filed on 03-07-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Simon DEGHORAIN
Director
Board
Mandates as a list
  • Simon DEGHORAIN
    • Director, from 19-03-2018 to date

See the board, name and registered office on a given date →

Control

Parent
Equity €142,771
Profit €16,684 in 2025 (profit €21,599 in 2024)
Checked score 94
100%
This company
PHASE 2
Equity €26,263
Loss €801 in 2023

Capital

Capital
€18,600
Shares
1,241,260
Contribution per share
€0.01
Equity per share
€0.02 in 2023
Source
deed of 13-12-2023

Owners through the years

as the annual accounts name them
Owners as a list

Source: lists of holdings in the owners' accounts

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 22-02-2024 ↗
  • SIFRANCE DISTRIBUTION all shares
Stated in the deed deed of 13-12-2023 ↗
Capital over time
  1. 13-12-2023 Capital stated in the deed · €18,600 · 1,241,260 shares

Network & group

Group

SIFRANCE DISTRIBUTION has 1 direct subsidiary (2022 accounts), the bar shows equity in euros
ParentSIFRANCE DISTRIBUTION1 holding, 1 country 2022 accounts

Belgium 1 Equity Result

  • BE PHASE 299.9%no longer active €26,263 result -€801

Source: list of holdings in the 2022 accounts of SIFRANCE DISTRIBUTION. Every holding stands with its own latest accounts.

Acquisitions and mergers

1 transaction
Taken over by:SIFRANCE DISTRIBUTION
BE 0418.425.633simplified merger · Gazette deed of 22-02-2024 (4 deeds)

Connections & network

1 last director
Depth

The network starts from the directors of PHASE 2. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

38 events since 1995
2024
Annual accounts 2023 filed PDFmicro format · 28 days before the deadline
Merger: absorbed by SIFRANCE DISTRIBUTIONDissolution of the company · Dissolved without liquidation · SIFRANCE DISTRIBUTION holds all the shares · General meeting of 22-01-20243 points ▸
  • General meeting, 22-01-2024
  • SIFRANCE DISTRIBUTION holds all the shares
  • Power of attorney, Simon DEGHORAIN
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2023
Weakest financial year net -€801 The net result drops to -€801, the lowest from 2006 to 2023.
Merger proposal: to be absorbed by SRL SIFRANCE DISTRIBUTIONSRL SIFRANCE DISTRIBUTION holds all the shares5 points ▸
  • Registered office clause, Chaussée de Mons, Zone artisanale 3, 6500 BEAUMONT
  • Capital, €18,600, 1,241,260 shares
  • SRL SIFRANCE DISTRIBUTION holds all the shares
  • Capital, €31,000, 2,500 shares
  • Accounting effect, 01-10-2023
  • The deed holds 17 more points.

Open the deed in the Belgian Official Gazette

Registered office moved from Philippeville to BeaumontNew registered office: Chaussée de Mons, Zone Artisanale 3 à 6500 BEAUMONT · Previous registered office: Bd de l'Enseignement 16A à 5600 Philippeville · Board meeting of 03-07-20232 points ▸
  • Board meeting, 03-07-2023
  • Registered-office move, Chaussée de Mons, Zone Artisanale 3 à 6500 BEAUMONT

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 46 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 41 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 59 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 59 days before the deadline
2019
Liquidity more than 5 times current ratio 47.66 The current ratio rises from 9.23 to 47.66. Short-term debt falls from €2,161 to €487.
Annual accounts 2018 filed PDFmicro format · 51 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 85 days before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 46 days before the deadline
2016
Liquidity more than 10 times current ratio 1271.20 The current ratio rises from 116.57 to 1271.20. Short-term debt falls from €372 to €40.
Annual accounts 2015 filed PDFfull format · 59 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 42 days before the deadline
2014
Liquidity more than doubled current ratio 191.85 The current ratio rises from 64.66 to 191.85. Short-term debt falls from €450 to €184.
Annual accounts 2013 filed PDFfull format · 51 days before the deadline
2013
Annual accounts 2012 filed PDFfull format · 19 days late
2012
Annual accounts 2011 filed PDFfull format · 12 days before the deadline
2011
Liquidity more than 8 times current ratio 197.67 The current ratio rises from 24.29 to 197.67. Short-term debt falls from €723 to €104.
Annual accounts 2010 filed PDFfull format · 8 days late
2010
Highest result from 2006 to 2023 net €8,068 ▲34.5% The operating result of €7,757 and the net result of €8,068 are both a record.
Annual accounts 2009 filed PDFfull format · 27 days late
2009
Annual accounts 2008 filed PDFfull format · 14 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 52 days before the deadline
2007
Annual accounts 2006 filed PDFfull format · 35 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1995
Incorporation 24 publications in the Belgian Official Gazette, the last on 22-02-2024

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

The registered office was moved to Beaumont in 2023.1 PHASE 2 has filed 28 sets of annual accounts, the latest for financial year 2023.2 In 2024 the company was absorbed by merger into SIFRANCE DISTRIBUTION.3

  1. 1Belgian Official Gazette, 02-10-2023
  2. 2National Bank, annual accounts 2023
  3. 3Belgian Official Gazette, 22-02-2024

Company details

Purpose according to the articles of association

PurposeThe purpose describes the activities the company may carry out under its articles.
“L'import,l'export,l'achat,la vente en gros ou en détail d'articles textiles,de jeux de chaussures et de cadeaux; Toutes activités de…”
8 activities
  1. L'import,l'export,l'achat,la vente en gros ou en détail d'articles textiles,de jeux de chaussures et de cadeaux
  2. Toutes activités de franchiseur dans les domaines susindiqués
  3. Le commerce d'articles de décoration intérieure,d'objets d'ameublement et de literie au sens le plus général du terme
  4. S'intéresser par voies d'apport,de fusion,de souscription,de toute manière,dans toute autre entreprise,association ou société ayant un objet similaire,analogue ou connexe,ou de nature à favoriser celui de la société
  5. Accomplir tous actes et opérations nécessaires ou utiles à la réalisation de son objet
  6. Exercer tout mandat de gestion dans toute autre entreprise
  7. Se porter caution tant pour ses engagements que pour les engagements de tiers,entre autres en donnant ses biens en garantie ou en gage,y compris son fonds de commerce
  8. Faire toutes opérations industrielles,commerciales,financières ou civiles,mobilières et immobilières,ayant un rapport direct ou indirect avec son objet

Articles of association, deed of 13-12-2023 (in French)

Inactive

Absorbed by SIFRANCE DISTRIBUTION in February 2024

PHASE 2 is no longer in the KBO register. SIFRANCE DISTRIBUTION took it over in a merger by absorption, published in the Belgian Official Gazette on 22 February 2024.

Status
Inactive
Reason
Merger by absorption"simplified merger", Belgian Official Gazette, 22 February 2024 · deed
Absorbed by
SIFRANCE DISTRIBUTION · 0418.425.633
Last annual accounts
financial year to 31 December 2023
Last registered office
Chaussee De Mons, Zone Artisanale 3, 6500 Beaumontas published on 22 February 2024
Legal form
Private limited company
First annual accounts
financial year 1996
Official KBO record