Equity
€25,940 from €61,520 in 2020
Equity fell by 58% in 5 years.
PHD
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2002peak €275,957 (2007)
€127,670▼ 1.0%
lowest -€36,851 (2023)
€2,578▲ 14.4%
peak €61,520 (2020)
€25,940▲ 11.0%
€165,918▲ 16.1%
peak 3.5 FTE (2008)
1.9 FTE▲ 5.6%
Board1 name since 2001
1 directorAubroeck Hilde
Documentsfilings and deeds
13-05-202679 days before the deadline
2025abbreviated format
Debts from €142,948 to €165,918Cash from €6,567 to €10,073
Key points
from the 2025 annual accountsChecked score
80
Excellent
Financially stronger than 37% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%highest value
01-2025: 1.4%● unchanged vs 12-2024highest value
02-2025: 1.4%● unchanged vs 01-2025highest value
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.3%▼ -0.1 percentage points vs 03-2025
05-2025: 0.6%▼ -0.7 percentage points vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.5%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €25,940 (13.5% of total assets)
Liquidity: current ratio 0.65, cash €10,073
lowers risk
Founded in 2001
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 34% of them on solvency, 10% on liquidity, 36% on profitability and 67% on growth.
The bankruptcy probability was computed on 06-11-2026 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 low class on 30-06-2025, 0.8% 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, 3,984 companies had the same profile as PHD has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PHD itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 3,984 companies, not a prediction for PHD. 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
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.65 (0.52 in 2024), below 1. Short-term debt is 85.6% and cash 5.3% of total assets. 86.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
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 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €25,940
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 days early
2024
106 days early
2023
23 days early
2022
48 days early
2021
24 days early
2020
33 days early
2019
43 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 51 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 13 June (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Amendment of the articles · Legal-form change · Resignations & appointments
Board composition: AUBROECK Hilde Francine Rosa (director (not named in the articles)) · General meeting of 15-03-2023 · Gazette deed
First establishment
Antwerpsestraat 36, Boom
Incorporation
published on 09-08-2001 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PHD Boom | €191,859 | €127,670 | 13.5% | 1.9 |
| K & H Tielt-Winge | €180,725 | €116,176 | 15.9% | 2.1 |
| JOLIE INVEST COMPANY Ostend | €218,436 | €131,117 | 32.8% | 1.5 |
| VASTGOED SCHEPENS Deinze | €266,243 | €155,194 | 52.5% | 2 |
| Vakantieverhuur Knokke-Heist | €263,715 | €102,529 | 11.8% | 2 |
| P.L.M. Ostend | €285,057 | €177,622 | 56.2% | 1.9 |
| IMMO CASA Ingelmunster | €225,430 | €130,728 | 28.6% | 1 |
These companies have the same main activity as PHD: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €181,000 and €285,000, founded between 1998 and 2004.
Official details
Source: KBO- Status
- Active since 30-07-2001Normal situation
- Activity
- Real estate agency activitiesNACE 68310
- Establishment unit
- 2.094.491.1082850 Boom, since 18-09-2001
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €220,000estimated
- €191,859▲ 15.4%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 13-05-2026, 79 days before the end of the filing period
Insights on PHD
PHD files the abbreviated format. That format states no turnover. The gross margin fell from €167,028 in 2006 to €127,670 in 2025.
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 PHD
- What is the company number of PHD?
- The company number of PHD is 0475.399.869. The VAT number is the same number with BE in front: BE 0475.399.869.
- Where is PHD based?
- The registered office is at Antwerpsestraat 36/38, 2850 Boom.Company details
- What does PHD do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of PHD?
- PHD is a private limited company (BV).
- When was PHD founded?
- PHD was founded on 30-07-2001.
- Is PHD still active?
- Yes, PHD is an active enterprise in the KBO register.
- How many employees does PHD have?
- PHD had an average of 1.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PHD?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €127,670 and 31 comparable companies (NACE 68310). It probably lies between €190,000 and €350,000.
- Is PHD profitable?
- In financial year 2025, PHD made a profit of €2,578.
- Where can I find the annual accounts of PHD?
- PHD filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PHD due?
- PHD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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