Equity
-€946,016
Debts exceed assets in financial year 2025.
PHASYA
Lifetime
11 annual accounts with figures on one time axispeak €384,519 (2023)
-€47,229▼ €396,745
lowest -€470,257 (2025)
-€470,257▼ €243,102
peak €1.2m (2018)
-€946,016▼ €620,741
€990,805▲ 8.4%
peak 6 FTE (2023)
3.2 FTE▼ 37.3%
Board14 names since 2017all names
2 directorsGunnar Troili and 1 other
Owners3 names in the annual accounts
Documentsfilings and deeds
26-05-202666 days before the deadline
2025financial year
Turnover from €644,298 to €241,869Gross margin from €349,516 to -€47,229Loss of €470,257Staff from 5.1 FTE to 3.2 FTEResignation: Magdalena Rodell Andersson (director) 29-07Equity from -€325,275 to -€946,016
Key points
from the 2025 annual accountsLosses
-€2.4m in eleven years
Every financial year from 2015 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€990,805 2,212% of the balance sheet
Financial debts 1%Suppliers 1%Other 98%
Of this, €982,237 falls due within a year.
Staff
3.2 FTE from 6 in 2023
Between 2023 and 2025, 47% of the full-time equivalents disappeared.
Payment terms
10 days to suppliers
PHASYA pays its suppliers 39 days earlier than in 2024. Customers pay 140 days earlier.
Position in the sector
-2112.1%
Lower solvency than 95% of companies in publishing. Sector median 38.1% · 193 companies.
Checked score
45
Fair
Financially stronger than 6% of micro companies in publishing (NACE 58)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,282 companies (NACE 58, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.8%
01-2025: 3.8%● unchanged vs 12-2024
02-2025: 3.8%● unchanged vs 01-2025
03-2025: 3.9%▲ +0.1 percentage points vs 02-2025
04-2025: 3.9%● unchanged vs 03-2025
05-2025: 3.9%● unchanged vs 04-2025
06-2025: 3.8%▼ -0.1 percentage points vs 05-2025
07-2025: 2.9%▼ -0.9 percentage points vs 06-2025lowest value
08-2025: 2.9%● unchanged vs 07-2025lowest value
09-2025: 2.9%● unchanged vs 08-2025lowest value
10-2025: 2.9%● unchanged vs 09-2025lowest value
11-2025: 3.0%▲ +0.1 percentage points vs 10-2025
12-2025: 3.0%● unchanged vs 11-2025
01-2026: 3.0%● unchanged vs 12-2025
02-2026: 3.0%● unchanged vs 01-2026
03-2026: 3.2%▲ +0.2 percentage points vs 02-2026
04-2026: 3.2%● unchanged vs 03-2026
05-2026: 3.2%● unchanged vs 04-2026
06-2026: 2.9%▼ -0.3 percentage points vs 05-2026
07-2026: 4.2%▲ +1.3 percentage points vs 06-2026
08-2026: 4.1%▼ -0.1 percentage points vs 07-2026
09-2026: 4.3%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 4.3%● unchanged vs 09-2026highest value
11-2026: 4.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €470,257, the second in a row (financial year 2025)
Negative equity -€946,016
1 change of registered office in 24 months
lowers risk
Sector: Publishing activities (NACE 58)
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 58, micro). It does better than 7% of them on solvency, 4% on liquidity, 8% on profitability and 5% 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 elevated class on 30-06-2025, 6.3% 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, 6,908 companies had the same profile as PHASYA has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PHASYA itself: 4.3% 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 6,908 companies, not a prediction for PHASYA. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.04 (0.34 in 2024), below 1. Cash is 2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€946,016
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 days early
2024
35 days early
2023
29 days late
2022
32 days late
2021
30 days early
2020
66 days early
2019
63 days early
← 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 28 days before the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% 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 1 July (4 of the last 5 accounts filed within 60 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
Resignation: Asa Wiren (director)
Appointment: Hanna STEWART (director) · General meeting of 13-08-2026 · Gazette deed
Registered office moved from Seraing to Hognoul
New registered office: Rue Chaussée 62/7 à 4342 Hognoul · Previous registered office: Rue de Bois Saint Jean 29 à 4102 Seraing · General meeting of 22-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0505986246
Resignation: Magdalena Rodell Andersson (director)
Appointment: Asa Wiren (director) · General meeting of 07-04-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PHASYA Awans | €44,790 | -€47,229 | -2112.1% | 3.2 |
| Strongly Typed Solutions Zele | €64,341 | -€2,879 | 93.6% | - |
| DIGITAL MONITORING SYSTEMS Bilzen-Hoeselt | €52,591 | -€903 | -1666.8% | - |
| IMUSTBE Verviers | €54,890 | -€116 | 95.0% | - |
| BullGuard Benelux Antwerp | €61,593 | €36 | 87.0% | - |
| DIGITAL ASSOCIATES Brussels | €56,492 | -€38,133 | 97.9% | - |
| BackApp Company Hasselt | €56,424 | -€2,864 | 90.3% | - |
These companies have the same main activity as PHASYA: other software publishing (NACE 58290). They are comparable in size and age: total assets between €52,600 and €64,300, founded between 2005 and 2019.
Official details
Source: KBO- Status
- Active since 05-12-2014Normal situation
- Registered office
- 13 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Other software publishingNACE 58290and 4 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.237.200.2784342 Awans, since 01-01-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Annual accounts 2025
- €44,790▼ 92.4%
- Employeeson 31-12-2025
- 2▼ 60.0%
- Filing
- Filed on 26-05-2026, 66 days before the end of the filing period
Insights on PHASYA
Solvency fell in 2025 from -55.2% to -2112.1% because of the loss.
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 PHASYA
- What is the company number of PHASYA?
- The company number of PHASYA is 0505.986.246. The VAT number is the same number with BE in front: BE 0505.986.246.
- Where is PHASYA based?
- The registered office is at Rue Chaussée 62, 4342 Awans.Company details
- What does PHASYA do?
- According to the KBO register, the main activity is other software publishing (NACE 58290).
- What is the legal form of PHASYA?
- PHASYA is a public limited company (NV).
- When was PHASYA founded?
- PHASYA was founded on 05-12-2014.
- Is PHASYA still active?
- Yes, PHASYA is an active enterprise in the KBO register.
- How many employees does PHASYA have?
- PHASYA had an average of 3.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PHASYA fall under?
- In its 2025 annual accounts, PHASYA states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of PHASYA?
- The turnover of PHASYA was €241,869 in financial year 2025, according to the filed annual accounts.
- Is PHASYA profitable?
- In financial year 2025, PHASYA made a loss of €470,257.
- Where can I find the annual accounts of PHASYA?
- PHASYA filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PHASYA due?
- PHASYA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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