PHC
ActiveSummary
PHC has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €306k and a net result of €7k. Equity is growing by ~35.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency58▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.46 in 2024; short-term debt: 56.4% and cash: 6.6% of total assets), and 67.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.7%
Return on assets
0.8%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-02-2026, 16 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 filingsDeviation from the deadline
2025
16 d late
2024
on the day
2023
1 d early
2022
4 d early
2021
1 d late
2020
10 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 fastest grower in East Flanders, Employment activities sector
Equity
€306k▲ 2.4%
2024 · €299k
Total assets
€935k▼ 17.2%
2024 · €1.13M
Net result
€7k▲ 13,563%
2024 · €52
Working capital
€-220k▲ 44.1%
2024 · €-393k
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€80k▲ 116%€50k▼ 37.7%€87k▲ 75.9%€18k▼ 79.1%€31k▲ 67.6%
Net result€54k▲ 112%€51k▼ 4.1%€84k▲ 62.6%€52▼ 99.9%€7k▲ 13,563%
Equity€164k▲ 40.0%€215k▲ 31.4%€299k▲ 38.8%€299k=€306k▲ 2.4%
Total assets€586k▲ 75.8%€777k▲ 32.5%€707k▼ 9.0%€1.13M▲ 59.8%€935k▼ 17.2%
Debt€423k▲ 95.2%€562k▲ 32.9%€408k▼ 27.3%€831k▲ 104%€629k▼ 24.3%
Working capital€104k▲ 207%€-17k€-282k▼ 1,528%€-393k▼ 39.5%€-220k▲ 44.1%
Staff (FTE)16.6▼ 14.4%19.3▲ 16.3%22.6▲ 17.1%28.8▲ 27.4%30.2▲ 4.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 68% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €935k
Fixed assets
€627k ▼ 21.3%
Current assets
€308k ▼ 7.5%
Equity and liabilities €935k
Equity
€306k ▲ 2.4%
Debt
€629k ▼ 24.3%
Debt's share of the balance-sheet total falls from 73.6% to 67.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€233k▲
2024 · €180k
Cash flow
€209k▲
2024 · €162k
Current ratio
0.58▲
2024 · 0.46
Debt to equity
2.06▼
2024 · 2.78
ROE
2.3%▲
2024 · 0.0%
ROA
0.8%▲
2024 · 0.0%
Interest coverage
20.14▼
2024 · 20.33
Debt ≤ 1 year
€528k▼
2024 · €726k
Debt > 1 year
€102k▼
2024 · €105k
Income taxes
€12k▲
2024 · €10k
Staff costs
€2.01M▲
2024 · €1.73M
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.14M | €1.40M | €1.73M | €2.01M | ▲ 16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €20k | €101k | €162k | €202k | ▲ 25.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €19k | - |
| Other operating charges640/8 | - | €1k | €745 | €2k | €1k | ▼ 34.4% |
| Gross operating margin9900 | €920k | €1.21M | €1.59M | €1.91M | €2.26M | ▲ 18.5% |
| Operating profit (loss)9901 | €80k | €50k | €87k | €18k | €31k | ▲ 67.6% |
| Financial income75/76B | - | €1 | €534 | €540 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | €1 | €534 | €540 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €216 | €2k | €9k | €12k | ▲ 30.5% |
| Recurring financial charges65 | €34 | €216 | €2k | €9k | €12k | ▲ 30.5% |
| Profit (loss) for the period before taxes9903 | €80k | €49k | €86k | €10k | €19k | ▲ 91.4% |
| Income taxes67/77 | €26k | €-2k | €2k | €10k | €12k | ▲ 21.0% |
| Profit (loss) for the period9904 | €54k | €51k | €84k | €52 | €7k | ▲ 13,563% |
| Profit (loss) for the period to be appropriated9905 | €54k | €51k | €84k | €52 | €7k | ▲ 13,563% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €586k | €777k | €707k | €1.13M | €935k | ▼ 17.2% |
| Fixed assets21/28 | €77k | €372k | €612k | €797k | €627k | ▼ 21.3% |
| Intangible fixed assets21 | €2k | €297k | €537k | €722k | €551k | ▼ 23.6% |
| Tangible fixed assets22/27 | €0 | - | - | - | €1k | - |
| Plant, machinery and equipment23 | - | - | - | - | €1k | - |
| Financial fixed assets28 | €75k | €75k | €75k | €75k | €75k | = |
| Current assets29/58 | €509k | €405k | €95k | €333k | €308k | ▼ 7.5% |
| Amounts receivable within one year40/41 | €387k | €284k | €56k | €290k | €226k | ▼ 22.1% |
| Trade receivables40 | - | €284k | €56k | €290k | €221k | ▼ 23.7% |
| Other amounts receivable41 | - | - | - | €13 | €5k | ▲ 36,134% |
| Cash at bank and in hand54/58 | €121k | €114k | €28k | €30k | €62k | ▲ 104% |
| Deferred charges and accrued income490/1 | - | €7k | €11k | €13k | €20k | ▲ 55.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €586k | €777k | €707k | €1.13M | €935k | ▼ 17.2% |
| Equity10/15 | €164k | €215k | €299k | €299k | €306k | ▲ 2.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €156k | €207k | €291k | €291k | €298k | ▲ 2.4% |
| Amounts payable17/49 | €423k | €562k | €408k | €831k | €629k | ▼ 24.3% |
| Amounts payable after more than one year17 | - | - | - | €105k | €102k | ▼ 3.3% |
| Financial debts170/4 | - | - | - | €105k | €102k | ▼ 3.3% |
| Amounts payable within one year42/48 | €405k | €422k | €377k | €726k | €528k | ▼ 27.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €56k | €78k | ▲ 38.2% |
| Trade debts44 | €209k | €125k | €120k | €55k | €103k | ▲ 87.5% |
| Suppliers440/4 | - | €125k | €120k | €55k | €103k | ▲ 87.5% |
| Taxes, remuneration and social security45 | - | €186k | €220k | €299k | €161k | ▼ 46.0% |
| Taxes450/3 | - | €107k | €122k | €158k | €107k | ▼ 32.0% |
| Remuneration and social security454/9 | - | €79k | €98k | €141k | €54k | ▼ 61.7% |
| Other amounts payable47/48 | - | €110k | €37k | €315k | €185k | ▼ 41.3% |
| Accrued charges and deferred income492/3 | - | €139k | €31k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €51k | €84k | €52 | €7k | ▲ 13,563% |
| + Depreciation and write-downs630 | €11k | €20k | €101k | €162k | €202k | ▲ 25.0% |
| Operating cash flow (approximation) | €64k | €71k | €184k | €162k | €209k | ▲ 29.4% |
| Investment in fixed assets (approximation) | - | €-314k | €-341k | €-347k | €-32k | ▲ 90.7% |
| Change in cash | - | €-7k | €-86k | €2k | €32k | ▲ 1,499% |
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
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 16 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €84k ▲62.6%
Operating result €87k, net result €84k, both a record.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €200kEq €215k ▲31.4%
3 profitable years in a row build equity to €215k.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
30-06
Financial
Equity above €150kEq €164k ▲40%
2 profitable years in a row build equity to €164k.
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
30-06
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
30-06
Financial
Equity above €100kEq €117k ▲896%
Equity rises from €12k to €117k.
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
Show earlier events
2019
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Lokeren · 1 establishment unit since 2009
Ground area
3.1 ha
Building footprint
1.7 ha
Volume, LiDAR
88,544 m³
2 parcels, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PHC
since 20092.184.133.954
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0236/08A000 | Flanders | 2.0 ha | 1 · 1.1 ha | 9.9 m · 3 fl. |
| 46384D0699/00H000indicative | Flanders | 1.1 ha | 1 · 6,477 m² | 0.1 m |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,700 EUR awarded · 2,700 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,700 EUR | 2,700 EUR |
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Of 1,014 companies in sector 78200 we hold annual accounts for 645. 439 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-2009
Fiscal year end30-06
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
78100Employment placement agencies
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.