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PHASIANUS

Active
Public limited companyfounded 199333 yrs activeJules Cockxstraat 10, 1160 Oudergem, BelgiumKBO/BCE: BE 0450.059.709
Summary

PHASIANUS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91,324 and a net result of €61,179. Equity is shrinking by ~4.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+12
Solvency72▲+21
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.68 in 2024; short-term debt: 41.5% of total assets), and 53.4% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
46.6%
Return on assets
31.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €91,324
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
3 d late
2024
34 d early
2023
1 d early
2022
49 d early
2021
41 d early
2020
40 d early
2019
43 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 29 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 June (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

PHASIANUS was incorporated on 6 May 1993.1 Total assets fell from EUR 240,432 in 2018 to EUR 196,001 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€61,179▼ 2.0%
2024 · €62,430
Working capital
-€55,289▲ 17.0%
2024 · -€66,609
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
Line20212022202320242025
Operating result€71,879▲ 3.2%€73,475▲ 2.2%€78,216▲ 6.5%€83,167▲ 6.3%€82,604▼ 0.7%
Net result€53,750▲ 3.1%€54,884▲ 2.1%€58,327▲ 6.3%€62,430▲ 7.0%€61,179▼ 2.0%
Equity€119,801=€67,685▼ 43.5%€68,012▲ 0.5%€80,442▲ 18.3%€91,324▲ 13.5%
Total assets€233,024▲ 12.6%€245,490▲ 5.3%€308,962▲ 25.9%€308,339▼ 0.2%€196,001▼ 36.4%
Debt€113,223▲ 30.0%€177,804▲ 57.0%€240,950▲ 35.5%€227,897▼ 5.4%€104,677▼ 54.1%
Working capital-€30,693▲ 1.7%-€80,875▼ 163%-€79,675▲ 1.5%-€66,609▲ 16.4%-€55,289▲ 17.0%
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000Operating result 2021: €71,879€71,879Net result 2021: €53,750€53,750Operating result 2022: €73,475€73,475Net result 2022: €54,884€54,884Operating result 2023: €78,216€78,216Net result 2023: €58,327€58,327Operating result 2024: €83,167€83,167Net result 2024: €62,430€62,430Operating result 2025: €82,604€82,604Net result 2025: €61,179€61,17920212022202320242025€0€25,000€50,000€75,000Operating result 2023: €78,216€78,200Net result 2023: €58,327€58,300Operating result 2024: €83,167€83,200Net result 2024: €62,430€62,400Operating result 2025: €82,604€82,600Net result 2025: €61,179€61,200202320242025
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196,001
Fixed assets €169,938 =
Current assets €26,063 ▼ 81.2%
Equity and liabilities €196,001
Equity €91,324 ▲ 13.5%
Debt €104,677 ▼ 54.1%
Debt's share of the balance-sheet total falls from 73.9% to 53.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.32▼
2024 · 0.68
Debt to equity
1.15▼
2024 · 2.83
ROE
67.0%▼
2024 · 77.6%
ROA
31.2%▲
2024 · 20.2%
Debt ≤ 1 year
€81,352▼
2024 · €205,010
Income taxes
€20,551▲
2024 · €20,415
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 31,349 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€308,339€196,001▼
Fixed assets21/28€169,938€169,938=
Tangible fixed assets22/27€169,938€169,938=
Land and buildings22€169,938€169,938=
Current assets29/58€138,401€26,063▼
Amounts receivable within one year40/41€1,585€26,063▲
Other amounts receivable41€1,585€26,063▲
Cash at bank and in hand54/58€136,816-
Equity and liabilities
Total equity and liabilities10/49€308,339€196,001▼
Equity10/15€80,442€91,324▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€6,150€6,150=
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Profit (loss) carried forward14€12,792€23,674▲
Amounts payable17/49€227,897€104,677▼
Amounts payable within one year42/48€205,010€81,352▼
Trade debts44€2,275€2,933▲
Suppliers440/4€2,275€2,933▲
Other amounts payable47/48€202,735€78,419▼
Accrued charges and deferred income492/3€22,887€23,325▲
Income statement Code20242025
Operating income70/76A€89,852€91,987▲
Other operating income74€89,852€91,987▲
Operating charges60/66A€6,685€9,383▲
Services and other goods61€6,266€8,319▲
Other operating charges640/8€419€1,064▲
Operating profit (loss)9901€83,167€82,604▼
Financial charges65/66B€322€874▲
Recurring financial charges65€322€874▲
Other financial charges652/9€322€874▲
Profit (loss) for the period before taxes9903€82,845€81,730▼
Income taxes67/77€20,415€20,551▲
Taxes670/3€20,415€20,551▲
Profit (loss) for the period9904€62,430€61,179▼
Profit (loss) for the period to be appropriated9905€62,430€61,179▼
Appropriation of the result
Profit (loss) to be appropriated9906€62,792€73,971▲
Profit (loss) brought forward from the previous period14P€362€12,792▲
Transfer to equity691/2-€297
To contributions691-€297
Profit to be distributed694/7€50,000€50,000=
Return on contributions (dividend)694€50,000€50,000=

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€76,396€80,353€86,675€89,852€91,987▲ 2.4%
Other operating income74€76,396€80,353€86,675€89,852€91,987▲ 2.4%
Operating charges60/66A€4,517€6,878€8,459€6,685€9,383▲ 40.4%
Services and other goods61€4,197€6,878€8,099€6,266€8,319▲ 32.8%
Other operating charges640/8€320-€360€419€1,064▲ 154%
Operating profit (loss)9901€71,879€73,475€78,216€83,167€82,604▼ 0.7%
Financial charges65/66B€213€296€375€322€874▲ 171%
Recurring financial charges65€213€296€375€322€874▲ 171%
Other financial charges652/9€213€296€375€322€874▲ 171%
Profit (loss) for the period before taxes9903€71,666€73,178€77,841€82,845€81,730▼ 1.3%
Income taxes67/77€17,917€18,295€19,514€20,415€20,551▲ 0.7%
Taxes670/3€17,917€18,295€19,514€20,415€20,551▲ 0.7%
Profit (loss) for the period9904€53,750€54,884€58,327€62,430€61,179▼ 2.0%
Profit (loss) for the period to be appropriated9905€53,750€54,884€58,327€62,430€61,179▼ 2.0%
Line20212022202320242025Change
Assets
Total assets20/58€233,024€245,490€308,962€308,339€196,001▼ 36.4%
Fixed assets21/28€169,938€169,938€169,938€169,938€169,938=
Tangible fixed assets22/27€169,938€169,938€169,938€169,938€169,938=
Land and buildings22€169,938€169,938€169,938€169,938€169,938=
Current assets29/58€63,086€75,552€139,024€138,401€26,063▼ 81.2%
Amounts receivable within one year40/41€1,084--€1,585€26,063▲ 1,544%
Other amounts receivable41€1,084--€1,585€26,063▲ 1,544%
Cash at bank and in hand54/58€62,002€75,552€139,024€136,816--
Equity and liabilities
Total equity and liabilities10/49€233,024€245,490€308,962€308,339€196,001▼ 36.4%
Equity10/15€119,801€67,685€68,012€80,442€91,324▲ 13.5%
Contributions10/11€61,500€61,500€61,500€61,500€61,500=
Capital10€61,500€61,500€61,500€61,500€61,500=
Issued capital100€61,500€61,500€61,500€61,500€61,500=
Reserves13€6,150€6,150€6,150€6,150€6,150=
Non-distributable reserves130/1€6,150€6,150€6,150€6,150€6,150=
Legal reserve130€6,150€6,150€6,150€6,150€6,150=
Profit (loss) carried forward14€52,151€35€362€12,792€23,674▲ 85.1%
Amounts payable17/49€113,223€177,804€240,950€227,897€104,677▼ 54.1%
Amounts payable within one year42/48€93,779€156,427€218,699€205,010€81,352▼ 60.3%
Trade debts44-€5,052€7,975€2,275€2,933▲ 28.9%
Suppliers440/4-€5,052€7,975€2,275€2,933▲ 28.9%
Taxes, remuneration and social security45-€4,295€5,514---
Taxes450/3-€4,295€5,514---
Other amounts payable47/48€93,779€147,080€205,210€202,735€78,419▼ 61.3%
Accrued charges and deferred income492/3€19,443€21,378€22,251€22,887€23,325▲ 1.9%
Line20212022202320242025Change
Profit (loss) for the period9904€53,750€54,884€58,327€62,430€61,179▼ 2.0%
Operating cash flow (approximation)€53,750€54,884€58,327€62,430€61,179▼ 2.0%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€13,549€63,472-€2,208--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
03-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 3 days late
2025
27-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2018net €62,430 ▲7%
Operating result €83,167, net result €62,430, both a record.
30-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
12-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
20-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
21-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
18-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
14-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts

We know of 20 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
20 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, Oudergem · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
1.3 ha
Building footprint
8,041 m²
Volume, LiDAR
249,257 m³
2 parcels, Brussels · tallest building 74.9 m, ±8 floors. Linked by address, not a title deed.
15 companies at this address See who is registered here
1 establishment unit
Anspachlaan 1, 1000 Brussel
Manufacture of basic metals
since 19932.062.297.105
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21812N1468/00B000 Brussels 6,482 m² 1 · 4,827 m² 74.9 m · 8 fl.
21002A0104/00R006 Brussels 6,167 m² 1 · 3,214 m² 26.6 m · 6 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group ALIMENTATION COUCHE-TARD INC. 5 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. Circle K Sverige ABSE 60%
  2. Circle K Belgium 100%
  3. Servauto Belgium 100%
  4. PHASIANUS

Highest known parent: Circle K Sverige AB (Sweden). The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of PHASIANUS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded06-05-1993
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0450059709

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.