Investments
€14,316 0.1 × depreciation
Green is investment, beige is depreciation.
PHASE 23
Lifetime
18 annual accounts with figures on one time axis, 23 filings since 2003peak €489,347 (2008)
€165,679▼ 19.9%
lowest -€37,598 (2025)
-€37,598▼ €38,376
peak €2.1m (2018)
€1.9m▼ 1.9%
€29,492▼ 25.1%
peak 4 FTE (2009)
-not published
Board1 name since 2019
-
Documentsfilings and deeds
12-06-202649 days before the deadline
2025micro format
Gross margin from €206,864 to €165,679Loss of €37,598Debts from €39,387 to €29,492Cash from €272,345 to €363,817
Key points
from the 2025 annual accountsLiquidity
14.60 was 8.38 in 2024
Short-term debts fell from €35,682 to €28,167.
Position in the sector
-€37,598
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Checked score
95
Excellent
Financially stronger than 63% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €2.0m
Equity €1.9m (94.8% of total assets)
Liquidity: current ratio 14.60, cash €363,817
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 85% of them on solvency, 90% on liquidity, 52% on profitability and 24% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as PHASE 23 has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PHASE 23 itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for PHASE 23. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €180,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 14.6 (8.38 in 2024), above the usual 1.5. Short-term debt is 1.4% and cash 18% of total assets. 5.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 days early
2024
29 days early
2023
42 days early
2022
32 days early
2021
18 days early
2020
17 days early
2019
20 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Amendment of the articles
General meeting of 07-09-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0477986207
Capital decrease of €200,000 to €657,000
Capital from €857,000 to €657,000 · Change of role: GORIS, David, from manager to director · Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
First establishment
Konijnenweg 23, Keerbergen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PHASE 23 Keerbergen | €2.0m | €165,679 | 94.8% | - |
| AGEMUS Leuven | €2.2m | €161,536 | 47.2% | - |
| DE WOLF CONSULTING Haacht | €2.2m | €183,342 | 85.2% | - |
| SERVIGO Zemst | €1.9m | €195,881 | 57.2% | 0 |
| K. KOLACNY Aarschot | €1.9m | €166,306 | 46.0% | - |
| MAGLI Wemmel | €1.9m | €198,124 | 53.7% | 1 |
| BFinance Kortenberg | €1.7m | €173,268 | 63.5% | - |
These companies have the same main activity as PHASE 23: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.7m and €2.2m, founded between 2000 and 2005.
Official details
Source: KBO- Status
- Active since 15-07-2002Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.096.256.0133140 Keerbergen, since 05-08-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 06-10-2025
Annual accounts 2025
- ≈ €280,000estimated
- €2.0m▼ 2.9%
- Filing
- Filed on 12-06-2026, 49 days before the end of the filing period
Insights on PHASE 23
PHASE 23 files the micro format. That format states no turnover. The gross margin fell from €489,347 in 2008 to €165,679 in 2025.
The balance sheet grew most from 2009 to 2011 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PHASE 23
- What is the company number of PHASE 23?
- The company number of PHASE 23 is 0477.986.207. The VAT number is the same number with BE in front: BE 0477.986.207.
- Where is PHASE 23 based?
- The registered office is at Konijnenweg 23, 3140 Keerbergen.Company details
- What does PHASE 23 do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of PHASE 23?
- PHASE 23 is a private limited company (BV).
- When was PHASE 23 founded?
- PHASE 23 was founded on 15-07-2002.
- Is PHASE 23 still active?
- Yes, PHASE 23 is an active enterprise in the KBO register.
- What is the turnover of PHASE 23?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €165,679 and 109 comparable companies (NACE 70200). It probably lies between €240,000 and €330,000.Financials
- Is PHASE 23 profitable?
- In financial year 2025, PHASE 23 made a loss of €37,598.
- Where can I find the annual accounts of PHASE 23?
- PHASE 23 filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PHASE 23 due?
- PHASE 23 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.