Equity
Equity fell by 100% in 1 year.
Equity fell by 100% in 1 year.
The micro format states no turnover.
Short-term debts rose from €20,934 to €80,533.
The 2022 accounts came latest: 31 days after the end of the period.
Less equity than 90% of companies in head offices and management consultancy. Sector median €79,315 · 41,250 companies.
In July 2024, 2,153 companies had the same profile as PhaSol has now. Each dot stands for 6 companies, two years later.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,153 companies, not a prediction for PhaSol. 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.
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.
| Company | ||||
|---|---|---|---|---|
| PhaSol Ottignies-Louvain-la-Neuve | €80,633 | €46,057 | 0.1% | - |
| YEOKI Lasne | €82,926 | €41,646 | 49.6% | - |
| MANDARINE CONSULTING Tubize | €88,336 | €51,712 | 15.6% | - |
| NOPTEC Braine-l'Alleud | €83,011 | €53,834 | 76.4% | - |
| CTroony Chaumont-Gistoux | €70,767 | €48,177 | 57.9% | - |
| EASYCONSULTING Braine-l'Alleud | €69,718 | €52,582 | 28.6% | - |
| Lifour Management & Consulting Walhain | €86,147 | €48,419 | 2.9% | - |
These companies have the same main activity as PhaSol: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €69,700 and €88,300, founded between 2021 and 2022.
PhaSol files the micro format. That format states no turnover. The gross margin fell from €48,270 in 2022 to €46,057 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €80,000 and €180,000.
Higher than 10% of 41,211 companies in 2025.
Higher than 24% of 39,782 companies in 2025.
Higher than 82% of 40,303 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
80,633 | 125,399 | 89,455 | 52,220 | |
21/28 |
2,553 | 3,704 | 3,695 | 598 | |
22/27 |
2,553 | 3,704 | 3,695 | 598 | |
23 |
629 | 1,053 | 319 | 598 | |
24 |
1,073 | 1,479 | 1,884 | - | |
26 |
851 | 1,172 | 1,492 | - | |
29/58 |
78,080 | 121,695 | 85,760 | 51,622 | |
40/41 |
6,759 | 8,609 | 9,441 | 8,830 | |
40 |
6,759 | 8,609 | 8,866 | 8,830 | |
41 |
- | - | 576 | - | |
54/58 |
69,567 | 111,638 | 74,524 | 40,902 | |
490/1 |
1,754 | 1,449 | 1,795 | 1,891 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
80,633 | 125,399 | 89,455 | 52,220 | |
10/15 |
100 | 104,465 | 69,001 | 35,921 | |
10/11 |
100 | 100 | 100 | 100 | |
14 |
- | 104,365 | 68,901 | 35,821 | |
17/49 |
80,533 | 20,934 | 20,454 | 16,299 | |
42/48 |
80,533 | 20,934 | 20,454 | 16,253 | |
44 |
314 | 523 | 214 | 2,253 | |
440/4 |
314 | 523 | 214 | 2,253 | |
45 |
22,614 | 20,327 | 20,240 | 11,383 | |
450/3 |
22,614 | 20,327 | 20,240 | 11,383 | |
47/48 |
57,605 | 84 | - | 2,617 | |
492/3 |
- | - | - | 46 | |
| Income statement | |||||
9900 |
46,057 | 49,080 | 43,822 | 48,270 | |
630 |
1,151 | 1,148 | 533 | 240 | |
640/8 |
1,321 | 1,421 | - | 801 | |
9901 |
43,586 | 46,512 | 43,289 | 47,229 | |
75/76B |
303 | 1 | 50 | 1 | |
75 |
303 | 1 | 50 | 1 | |
65/66B |
429 | 717 | 616 | 719 | |
65 |
429 | 717 | 616 | 719 | |
9903 |
43,461 | 45,796 | 42,723 | 46,510 | |
67/77 |
9,257 | 9,499 | 8,843 | 9,889 | |
9904 |
34,204 | 36,297 | 33,879 | 36,621 | |
9905 |
34,204 | 36,297 | 33,879 | 36,621 | |
| Appropriation of the result | |||||
9906 |
138,569 | 105,198 | 69,701 | 36,621 | |
14P |
104,365 | 68,901 | 35,821 | - | |
694/7 |
138,569 | 833 | 800 | 800 | |
694 |
138,569 | 833 | 800 | 800 | |
| Document | |||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 44,737 | 47,659 | 43,822 | 47,469 | ||
| 35,355 | 37,445 | 34,413 | 36,862 | ||
| 0 | 1,156 | 3,631 | 838 | ||
| -42,071 | 37,114 | 33,623 | - | ||
| -2,453 | 100,761 | 65,306 | 35,369 | ||
| 0.1% | 83.3% | 77.1% | 68.8% | ||
| 0.97 | 5.81 | 4.19 | 3.18 | ||
| - | 0.20 | 0.30 | 0.45 | ||
| - | 34.7% | 49.1% | 101.9% | ||
| 42.4% | 28.9% | 37.9% | 70.1% | ||
| over 100 | 66.50 | 71.09 | 66.02 |
The equity ratios are withheld because equity of €100 is too small for a meaningful ratio.
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.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,156 | €3,631 | €838 |
| €1,151 | €1,148 | €533 | €240 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 6% lower than in 2024.
Debt's share of the balance-sheet total rises from 16.7% to 99.9%. Equity is lower and debt is higher.
PhaSol has no parent and no holdings in its annual accounts. is the only director. PhaSol shares no director with another company.
| LEBECQ ANTOINE
registered office since 26-01-2023 · founded in 2023 |
total assets €54,400 (2025) 0797.661.583 |
| Lebecq, Julien (sole trader)
establishment since 21-03-2025 |
founded in 2025 1021.116.030 |
| Lemaire, Ingrid (sole trader)
establishment since 01-06-2021 |
founded in 2021 0768.801.115 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Chemin des Six Journaux 7 registered office 1342 Ottignies-Louvain-la-Neuve | 20-09-2021 | 2.323.120.801 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25056A0487/00X000 | 1,886 m² | 1 · 197 m² | 9.5 m · 2 |
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