PHASE 23
ActiveSummary
PHASE 23 has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.9m and a net result of €778. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 93% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 8.38 against 13.39 in 2023; short-term debt: 1.7% and cash: 13.1% of total assets), and 6.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
93.8%
Return on assets
0%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
42 d early
2022
32 d early
2021
18 d early
2020
17 d early
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€1.9m=
2023 · €1.9m
Total assets
€2.1m▼ 1.0%
2023 · €2.1m
Net result
€778
2023 · -€12,290
Working capital
€263,254▼ 46.6%
2023 · €493,332
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€15,706▼ 77.6%-€19,388€10,956-€6,490€7,737
Net result€6,095▼ 86.1%-€25,707€405-€12,290€778
Equity€2.0m▼ 3.6%€2.0m▲ 0.5%€2.0m=€1.9m▼ 0.6%€1.9m=
Total assets€2.3m▼ 5.1%€2.2m▼ 3.5%€2.2m▼ 0.7%€2.1m▼ 3.0%€2.1m▼ 1.0%
Debt€129,392▼ 19.9%€89,565▼ 30.8%€86,119▼ 3.8%€47,123▼ 45.3%€39,387▼ 16.4%
Working capital€211,007▲ 1.4%€321,731▲ 52.5%€457,006▲ 42.0%€493,332▲ 7.9%€263,254▼ 46.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7,737 after a loss of €6,490 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.8m ▲ 13.7%
Current assets
€298,936 ▼ 43.9%
Equity and liabilities €2.1m
Equity
€1.9m =
Provisions
€88,654 ▼ 13.0%
Debt
€39,387 ▼ 16.4%
Debt's share of the balance-sheet total falls from 2.2% to 1.9%. Debt is lower.
Key figures and ratios
EBITDA
€191,394▲
2023 · €146,997
Cash flow
€184,435▲
2023 · €141,198
Current ratio
8.38▼
2023 · 13.39
Debt to equity
0.02▼
2023 · 0.02
ROE
0.0%▲
2023 · -0.6%
ROA
0.0%▲
2023 · -0.6%
Interest coverage
989.58▲
2023 · 712.30
Debt ≤ 1 year
€35,682▼
2023 · €39,817
Income taxes
€23,211▲
2023 · €19,657
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148,153 | €150,824 | €150,370 | €153,488 | €183,657 | ▲ 19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €42,000 | €42,000 | €0 | - | - |
| Other operating charges640/8 | - | €13,535 | €13,238 | €15,599 | €15,470 | ▼ 0.8% |
| Gross operating margin9900 | €219,719 | €186,971 | €216,563 | €162,596 | €206,864 | ▲ 27.2% |
| Operating profit (loss)9901 | €15,706 | -€19,388 | €10,956 | -€6,490 | €7,737 | ▲ 219% |
| Financial income75/76B | - | €6 | €2 | €817 | €3,198 | ▲ 291% |
| Recurring financial income75 | €61 | €6 | €2 | €817 | €3,198 | ▲ 291% |
| Financial charges65/66B | - | €747 | €468 | €206 | €193 | ▼ 6.3% |
| Recurring financial charges65 | €2,336 | €747 | €468 | €206 | €193 | ▼ 6.3% |
| Profit (loss) for the period before taxes9903 | €13,431 | -€20,130 | €10,490 | -€5,879 | €10,741 | ▲ 283% |
| Transfer from deferred taxes780 | - | €13,247 | €13,247 | €13,247 | €13,247 | = |
| Income taxes67/77 | €23,895 | €18,824 | €23,332 | €19,657 | €23,211 | ▲ 18.1% |
| Profit (loss) for the period9904 | €6,095 | -€25,707 | €405 | -€12,290 | €778 | ▲ 106% |
| Transfer from tax-exempt reserves789 | - | €71,738 | €52,988 | €53,073 | €52,988 | ▼ 0.2% |
| Profit (loss) for the period to be appropriated9905 | €55,771 | €46,031 | €53,393 | €40,783 | €53,765 | ▲ 31.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.2m | €2.2m | €2.1m | €2.1m | ▼ 1.0% |
| Fixed assets21/28 | €1.9m | €1.8m | €1.6m | €1.6m | €1.8m | ▲ 13.7% |
| Tangible fixed assets22/27 | €1.9m | €1.8m | €1.6m | €1.6m | €1.8m | ▲ 13.7% |
| Land and buildings22 | - | €1.8m | €1.6m | €1.5m | €1.6m | ▲ 8.8% |
| Plant, machinery and equipment23 | - | €2,435 | €2,652 | €2,188 | €1,919 | ▼ 12.3% |
| Furniture and vehicles24 | - | €4,519 | €5,448 | €51,407 | €133,149 | ▲ 159% |
| Other tangible fixed assets26 | - | €343 | €1,190 | €8,486 | €8,182 | ▼ 3.6% |
| Current assets29/58 | €340,399 | €410,064 | €537,138 | €533,149 | €298,936 | ▼ 43.9% |
| Stocks and contracts in progress3 | €84,000 | €42,000 | €0 | - | - | - |
| Stocks30/36 | - | €42,000 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €22,304 | €24,015 | €19,239 | €17,912 | €20,512 | ▲ 14.5% |
| Trade receivables40 | - | €17,910 | €19,239 | €17,912 | €19,887 | ▲ 11.0% |
| Other amounts receivable41 | - | €6,105 | €0 | - | €625 | - |
| Cash at bank and in hand54/58 | €229,560 | €338,171 | €511,530 | €509,119 | €272,345 | ▼ 46.5% |
| Deferred charges and accrued income490/1 | - | €5,878 | €6,369 | €6,119 | €6,078 | ▼ 0.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.2m | €2.2m | €2.1m | €2.1m | ▼ 1.0% |
| Equity10/15 | €2.0m | €2.0m | €2.0m | €1.9m | €1.9m | = |
| Contributions10/11 | - | €647,000 | €647,000 | €647,000 | €647,000 | = |
| Reserves13 | €887,356 | €897,059 | €897,464 | €885,175 | €885,952 | ▲ 0.1% |
| Non-distributable reserves130/1 | - | €27,910 | €27,910 | €27,910 | €27,910 | = |
| Reserves not available under the articles1311 | - | €27,910 | €27,910 | €27,910 | €27,910 | = |
| Tax-exempt reserves132 | - | €513,666 | €460,678 | €407,605 | €354,617 | ▼ 13.0% |
| Distributable reserves133 | - | €355,484 | €408,877 | €449,660 | €503,425 | ▲ 12.0% |
| Profit (loss) carried forward14 | €416,159 | €416,159 | €416,159 | €416,159 | €416,159 | = |
| Provisions and deferred taxes16 | €177,053 | €128,395 | €115,148 | €101,901 | €88,654 | ▼ 13.0% |
| Deferred taxes168 | - | €128,395 | €115,148 | €101,901 | €88,654 | ▼ 13.0% |
| Amounts payable17/49 | €129,392 | €89,565 | €86,119 | €47,123 | €39,387 | ▼ 16.4% |
| Amounts payable within one year42/48 | €129,392 | €88,333 | €80,132 | €39,817 | €35,682 | ▼ 10.4% |
| Trade debts44 | €12,188 | €14,711 | €7,492 | €11,847 | €11,257 | ▼ 5.0% |
| Suppliers440/4 | - | €14,711 | €7,492 | €11,847 | €11,257 | ▼ 5.0% |
| Taxes, remuneration and social security45 | - | €22,011 | €30,723 | €23,908 | €24,051 | ▲ 0.6% |
| Taxes450/3 | - | €19,811 | €25,786 | €19,045 | €18,244 | ▼ 4.2% |
| Remuneration and social security454/9 | - | €2,200 | €4,937 | €4,864 | €5,807 | ▲ 19.4% |
| Other amounts payable47/48 | - | €51,612 | €41,917 | €4,061 | €374 | ▼ 90.8% |
| Accrued charges and deferred income492/3 | - | €1,232 | €5,987 | €7,306 | €3,705 | ▼ 49.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,095 | -€25,707 | €405 | -€12,290 | €778 | ▲ 106% |
| + Depreciation and write-downs630 | €148,153 | €150,824 | €150,370 | €153,488 | €183,657 | ▲ 19.7% |
| Operating cash flow (approximation) | €154,248 | €125,117 | €150,775 | €141,198 | €184,435 | ▲ 30.6% |
| Investment in fixed assets (approximation) | - | -€2,378 | -€7,009 | -€92,945 | -€397,665 | ▼ 328% |
| Change in cash | - | €108,611 | €173,359 | -€2,411 | -€236,773 | ▼ 9,720% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €778
Net result €778 after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €405
Net result €405 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€25,707
Net result drops to -€25,707, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Keerbergen · 1 establishment unit since 2002
Ground area
1,816 m²
Building footprint
235 m²
Volume, LiDAR
1,445 m³
Parcel 24048A0346/00A002, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Konijnenweg 23, 3140 Keerbergen
since 20022.096.256.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24048A0346/00A002 | Flanders | 1,816 m² | 1 · 235 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 20,476 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.