PHASE 4
ActiveSummary
PHASE 4 has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109,654 and a net result of €5,337. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
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Signals
This company filed its last 7 accounts on average 5 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €348 | €348 | €384 | €119 | ▼ 69.0% |
| Gross operating margin9900 | €469 | -€2,217 | €11,877 | €7,173 | €8,299 | ▲ 15.7% |
| Operating profit (loss)9901 | €72 | -€2,564 | €11,530 | €6,788 | €8,179 | ▲ 20.5% |
| Recurring financial income75 | €12 | - | - | - | - | - |
| Financial charges65/66B | - | €45 | €290 | €48 | €45 | ▼ 6.3% |
| Recurring financial charges65 | €31 | €45 | €290 | €48 | €45 | ▼ 6.3% |
| Profit (loss) for the period before taxes9903 | €52 | -€2,609 | €11,240 | €6,740 | €8,134 | ▲ 20.7% |
| Income taxes67/77 | - | - | €2,102 | €2,334 | €2,797 | ▲ 19.9% |
| Profit (loss) for the period9904 | €52 | -€2,609 | €9,138 | €4,407 | €5,337 | ▲ 21.1% |
| Profit (loss) for the period to be appropriated9905 | €52 | -€2,609 | €9,138 | €4,407 | €5,337 | ▲ 21.1% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96,252 | €93,106 | €103,897 | €108,270 | €114,114 | ▲ 5.4% |
| Current assets29/58 | €96,252 | €93,106 | €103,897 | €108,270 | €114,114 | ▲ 5.4% |
| Amounts receivable within one year40/41 | €85,855 | €84,674 | €88,716 | €86,576 | €87,708 | ▲ 1.3% |
| Trade receivables40 | - | €4,579 | €8,716 | €6,576 | €7,708 | ▲ 17.2% |
| Other amounts receivable41 | - | €80,095 | €80,000 | €80,000 | €80,000 | = |
| Current investments50/53 | €3,383 | €3,383 | €3,383 | €3,383 | €3,383 | = |
| Cash at bank and in hand54/58 | €7,013 | €5,049 | €11,798 | €18,311 | €23,023 | ▲ 25.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96,252 | €93,106 | €103,897 | €108,270 | €114,114 | ▲ 5.4% |
| Equity10/15 | €92,704 | €90,772 | €99,910 | €104,317 | €109,654 | ▲ 5.1% |
| Contributions10/11 | €17,389 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €75,315 | €72,172 | €81,310 | €85,717 | €91,054 | ▲ 6.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €70,312 | €79,450 | €83,857 | €89,194 | ▲ 6.4% |
| Amounts payable17/49 | €3,548 | €2,334 | €3,987 | €3,953 | €4,460 | ▲ 12.8% |
| Amounts payable within one year42/48 | €3,548 | €2,334 | €3,987 | €3,953 | €4,460 | ▲ 12.8% |
| Trade debts44 | €1,346 | €442 | €447 | €508 | €66 | ▼ 87.1% |
| Suppliers440/4 | - | €442 | €447 | €508 | €66 | ▼ 87.1% |
| Taxes, remuneration and social security45 | - | - | €2,102 | €2,334 | €2,797 | ▲ 19.9% |
| Taxes450/3 | - | - | €2,102 | €2,334 | €2,797 | ▲ 19.9% |
| Other amounts payable47/48 | - | €1,892 | €1,438 | €1,112 | €1,597 | ▲ 43.6% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52 | -€2,609 | €9,138 | €4,407 | €5,337 | ▲ 21.1% |
| Operating cash flow (approximation) | €52 | -€2,609 | €9,138 | €4,407 | €5,337 | ▲ 21.1% |
| Change in cash | - | - | €6,749 | €6,513 | €4,712 | ▼ 27.6% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23037A0205/00E006 | Flanders | 875 m² | 1 · 129 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
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Register as of 27 September 2026 · Peppol Directory
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