PHASYA
ActiveSummary
PHASYA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€946,016) and a net result of -€470,257. Equity is shrinking by ~50.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 147 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth50▼-5
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.34 in 2024; cash: 2% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% 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
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 d early
2024
35 d early
2023
29 d late
2022
32 d late
2021
30 d early
2020
66 d early
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€241,869▼ 62.5%
2024 · €644,298
EBIT margin
-235.0%▼ 206.4pp
2024 · -28.6%
Net result
-€470,257▼ 107%
2024 · -€227,155
Working capital
-€938,084▼ 60.4%
2024 · -€584,772
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
Turnover€137,738€455,423▲ 231%€603,214▲ 32.5%€644,298▲ 6.8%€241,869▼ 62.5%
Operating result-€355,066▼ 7.9%-€188,102▲ 47.0%-€217,650▼ 15.7%-€184,123▲ 15.4%-€568,371▼ 209%
Net result-€326,073▼ 11.7%-€170,751▲ 47.6%-€250,968▼ 47.0%-€227,155▲ 9.5%-€470,257▼ 107%
EBIT margin-257.8%-41.3%▲ 216.5pp-36.1%▲ 5.2pp-28.6%▲ 7.5pp-235.0%▼ 206.4pp
Equity€362,289▼ 48.1%€152,848▼ 57.8%-€98,120-€325,275▼ 232%-€946,016▼ 191%
Total assets€632,881▼ 36.9%€515,608▼ 18.5%€376,820▼ 26.9%€589,129▲ 56.3%€44,790▼ 92.4%
Debt€270,592▼ 11.3%€362,759▲ 34.1%€474,941▲ 30.9%€914,404▲ 92.5%€990,805▲ 8.4%
Working capital€23,960▼ 92.9%-€112,077-€349,505▼ 212%-€584,772▼ 67.3%-€938,084▼ 60.4%
Staff (FTE)2.7▼ 3.6%4.2▲ 55.6%6▲ 42.9%5.1▼ 15.0%3.2▼ 37.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €568,371 in 2025 against €184,123 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44,790
Fixed assets
€636 ▼ 99.8%
Current assets
€44,153 ▼ 85.5%
Key figures and ratios
EBITDA
-€566,109▼
2024 · -€172,670
Cash flow
-€467,995▼
2024 · -€215,702
Current ratio
0.04▼
2024 · 0.34
Debt to equity
-1.05▲
2024 · -2.81
Interest coverage
-10.81▼
2024 · -4.00
Debt ≤ 1 year
€982,237▲
2024 · €889,116
Debt > 1 year
€8,333▼
2024 · €25,000
Staff costs
€233,084▼
2024 · €521,435
A ratio outside any meaningful range has been withheld (balance sheet total €44,790, equity -€946,016).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €137,738 | €455,423 | €603,214 | €644,298 | €241,869 | ▼ 62.5% |
| Goods, raw materials, services and sundry goods60/61 | €274,582 | €177,795 | €257,756 | €314,935 | €290,029 | ▼ 7.9% |
| Remuneration, social security and pensions62 | €186,351 | €382,976 | €566,396 | €521,435 | €233,084 | ▼ 55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €95,130 | €87,601 | €35,251 | €11,453 | €2,262 | ▼ 80.3% |
| Other operating charges640/8 | €1,342 | €4,856 | €523 | €751 | €4,083 | ▲ 444% |
| Non-recurring operating charges66A | - | - | - | - | €281,713 | - |
| Gross operating margin9900 | -€72,243 | €287,331 | €384,519 | €349,516 | -€47,229 | ▼ 114% |
| Operating profit (loss)9901 | -€355,066 | -€188,102 | -€217,650 | -€184,123 | -€568,371 | ▼ 209% |
| Financial income75/76B | €38,761 | €38,690 | €0 | €0 | €150,484 | ▲ 71,658,943% |
| Recurring financial income75 | €38,761 | €38,690 | €0 | €0 | €150,484 | ▲ 71,658,943% |
| Financial charges65/66B | €11,421 | €21,339 | €33,318 | €43,140 | €52,370 | ▲ 21.4% |
| Recurring financial charges65 | €11,421 | €21,339 | €33,318 | €43,140 | €52,370 | ▲ 21.4% |
| Profit (loss) for the period before taxes9903 | -€327,727 | -€170,751 | -€250,968 | -€227,263 | -€470,257 | ▼ 107% |
| Income taxes67/77 | -€1,653 | - | - | -€108 | - | - |
| Profit (loss) for the period9904 | -€326,073 | -€170,751 | -€250,968 | -€227,155 | -€470,257 | ▼ 107% |
| Profit (loss) for the period to be appropriated9905 | -€326,073 | -€170,751 | -€250,968 | -€227,155 | -€470,257 | ▼ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €632,881 | €515,608 | €376,820 | €589,129 | €44,790 | ▼ 92.4% |
| Formation expenses20 | €2,491 | €1,339 | €228 | €0 | €0 | - |
| Fixed assets21/28 | €412,661 | €326,262 | €293,218 | €284,786 | €636 | ▼ 99.8% |
| Intangible fixed assets21 | €390,776 | €319,640 | €290,861 | €283,581 | €15 | ▼ 100.0% |
| Tangible fixed assets22/27 | €21,786 | €6,472 | €2,182 | €1,030 | €622 | ▼ 39.6% |
| Plant, machinery and equipment23 | €1,565 | €604 | €12 | €0 | €0 | - |
| Furniture and vehicles24 | €11,737 | €4,654 | €2,170 | €1,030 | €622 | ▼ 39.6% |
| Leasing and similar rights25 | €8,484 | €1,214 | €0 | - | - | - |
| Financial fixed assets28 | €100 | €150 | €175 | €175 | €0 | ▼ 100% |
| Current assets29/58 | €217,729 | €188,006 | €83,375 | €304,343 | €44,153 | ▼ 85.5% |
| Amounts receivable after more than one year29 | €17,184 | €12,524 | €6,393 | €1,762 | €108 | ▼ 93.9% |
| Other amounts receivable291 | €17,184 | €12,524 | €6,393 | €1,762 | €108 | ▼ 93.9% |
| Amounts receivable within one year40/41 | €31,425 | €102,117 | €52,387 | €278,350 | €43,097 | ▼ 84.5% |
| Trade receivables40 | €25,247 | €87,828 | €30,670 | €246,290 | €51 | ▼ 100.0% |
| Other amounts receivable41 | €6,177 | €14,289 | €21,717 | €32,061 | €43,046 | ▲ 34.3% |
| Cash at bank and in hand54/58 | €167,509 | €71,449 | €21,689 | €19,301 | €885 | ▼ 95.4% |
| Deferred charges and accrued income490/1 | €1,611 | €1,916 | €2,907 | €4,930 | €63 | ▼ 98.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €632,881 | €515,608 | €376,820 | €589,129 | €44,790 | ▼ 92.4% |
| Equity10/15 | €362,289 | €152,848 | -€98,120 | -€325,275 | -€946,016 | ▼ 191% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Issued capital100 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Uncalled capital101 | €0 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€1.3m | -€1.5m | -€1.7m | -€1.9m | -€2.4m | ▼ 24.1% |
| Investment grants15 | €189,174 | €150,484 | €150,484 | €150,484 | €0 | ▼ 100% |
| Amounts payable17/49 | €270,592 | €362,759 | €474,941 | €914,404 | €990,805 | ▲ 8.4% |
| Amounts payable after more than one year17 | €76,220 | €58,333 | €41,667 | €25,000 | €8,333 | ▼ 66.7% |
| Financial debts170/4 | €76,220 | €58,333 | €41,667 | €25,000 | €8,333 | ▼ 66.7% |
| Amounts payable within one year42/48 | €193,769 | €300,084 | €432,880 | €889,116 | €982,237 | ▲ 10.5% |
| Current portion of amounts payable after more than one year42 | €26,712 | €22,053 | €20,833 | €20,833 | €20,833 | = |
| Financial debts43 | €448 | €0 | €0 | €0 | - | - |
| Credit institutions430/8 | €448 | €0 | €0 | €0 | - | - |
| Trade debts44 | €15,207 | €15,875 | €17,170 | €42,618 | €8,079 | ▼ 81.0% |
| Suppliers440/4 | €15,207 | €15,875 | €17,170 | €42,618 | €8,079 | ▼ 81.0% |
| Taxes, remuneration and social security45 | €17,965 | €44,715 | €60,109 | €96,672 | €0 | ▼ 100% |
| Taxes450/3 | €0 | €0 | €0 | €18,080 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €17,965 | €44,715 | €60,109 | €78,592 | €0 | ▼ 100% |
| Other amounts payable47/48 | €133,436 | €217,441 | €334,768 | €728,992 | €953,324 | ▲ 30.8% |
| Accrued charges and deferred income492/3 | €604 | €4,343 | €394 | €289 | €235 | ▼ 18.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€326,073 | -€170,751 | -€250,968 | -€227,155 | -€470,257 | ▼ 107% |
| + Depreciation and write-downs630 | €95,130 | €87,601 | €35,251 | €11,453 | €2,262 | ▼ 80.3% |
| Operating cash flow (approximation) | -€230,943 | -€83,150 | -€215,718 | -€215,702 | -€467,995 | ▼ 117% |
| Investment in fixed assets (approximation) | - | -€1,202 | -€2,207 | -€3,021 | €281,888 | ▲ 9,432% |
| Change in cash | - | -€96,061 | -€49,760 | -€2,387 | -€18,416 | ▼ 671% |
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
Next filing, fiscal year 2026, expected by
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€470,257
Net result drops to -€470,257, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 24.29
Current ratio from 6.90 to 24.29; short-term debt falls from €162,894 to €25,314.
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-06
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 10 acts read
About the unread acts
We know of 10 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
10 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, Awans · 1 establishment unit since 2015
Ground area
1,885 m²
Building footprint
681 m²
Volume, LiDAR
7,582 m³
Parcel 62053A0109/00N002, Wallonia · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
Rue Chaussée 62, 4342 Awans
since 20152.237.200.278
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62053A0109/00N002 | Wallonia | 1,885 m² | 1 · 681 m² | 16.1 m · 4 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 1,287 companies in sector 58290 we hold annual accounts for 593. 469 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
32500Manufacture of medical and dental instruments and supplies
62100Computer programming
71121Engineering and related technical consultancy, excluding land surveyors
72109Other research and development on natural sciences
Scores and ratios are computed by Checked and are not a credit decision.