PHD
ActivePHD has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €3k. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▼-1
Solvency39=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.52 in 2024; short-term debt: 85.6% and cash: 5.3% of total assets), and 86.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
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
13.5%
Return on assets
1.3%
Age of the figures
9 mo
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 €26k
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 d early
2024
106 d early
2023
23 d early
2022
48 d early
2021
24 d early
2020
33 d early
2019
43 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€26k▲ 11.0%
2024 · €23k
2018: €52k
2019: €59k
2020: €62k
2021: €58k
2022: €58k
2023: €21k
2024: €23k
2018 → 2025
Total assets
€192k▲ 15.4%
2024 · €166k
2018: €205k
2019: €189k
2020: €222k
2021: €181k
2022: €196k
2023: €159k
2024: €166k
2018 → 2025
Net result
€3k▲ 14.4%
2024 · €2k
2018: €3k
2019: €16k
2020: €3k
2021: €-4k
2022: €76
2023: €-37k
2024: €2k
2018 → 2025
Working capital
€-57k▲ 15.1%
2024 · €-68k
2018: €-57k
2019: €-59k
2020: €-62k
2021: €-56k
2022: €-46k
2023: €-71k
2024: €-68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€58k▲ 0.1%€21k▼ 63.6%€23k▲ 10.7%€26k▲ 11.0%
Operating result€-4k-€11k€-29k€11k€14k▲ 32.0%
Net result€-4k-€76€-37k€2k€3k▲ 14.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192k
Fixed assets
€85k▼ 8.2%
Current assets
€107k▲ 45.0%
Equity and liabilities €192k
Equity
€26k▲ 11.0%
Debt
€166k▲ 16.1%
The debt ratio rises from 86.0% to 86.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▲
2024 · €21k
Cash flow
€10k▼
2024 · €12k
Solvency
13.5%▼
2024 · 14.0%
Current ratio
0.65▲
2024 · 0.52
Quick ratio
0.65▲
2024 · 0.52
Debt / equity
6.40▲
2024 · 6.12
ROE
9.9%▲
2024 · 9.6%
ROA
1.3%▼
2024 · 1.4%
Interest coverage
2.42▼
2024 · 2.56
Debt
€166k▲
2024 · €143k
Debt ≤ 1 year
€164k▲
2024 · €141k
Income taxes
€3k▲
2024 · €523
Staff costs
€94k▲
2024 · €94k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€166k€192k▲
Fixed assets21/28€93k€85k▼
Tangible fixed assets22/27€92k€85k▼
Land and buildings22€90k€84k▼
Plant, machinery and equipment23€2k€413▼
Furniture and vehicles24€635€0▼
Financial fixed assets28€200€200=
Current assets29/58€74k€107k▲
Amounts receivable within one year40/41€25k€45k▲
Trade receivables40€9k€24k▲
Other amounts receivable41€16k€21k▲
Cash at bank and in hand54/58€7k€10k▲
Deferred charges and accrued income490/1€42k€51k▲
Equity and liabilities
Total equity and liabilities10/49€166k€192k▲
Equity10/15€23k€26k▲
Contributions10/11€19k€19k=
Reserves13€13k€13k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€-9k€-6k▲
Amounts payable17/49€143k€166k▲
Amounts payable within one year42/48€141k€164k▲
Financial debts43€73k€69k▼
Credit institutions430/8€73k€69k▼
Trade debts44€29k€27k▼
Suppliers440/4€29k€27k▼
Advances received on contracts in progress46-€20k
Taxes, remuneration and social security45€40k€48k▲
Taxes450/3€11k€18k▲
Remuneration and social security454/9€29k€30k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Remuneration, social security and pensions62€94k€94k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€8k▼
Other operating charges640/8€10k€11k▲
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€129k€128k▼
Operating profit (loss)9901€11k€14k▲
Financial income75/76B€39€14▼
Recurring financial income75€39€14▼
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€3k€5k▲
Income taxes67/77€523€3k▲
Profit (loss) for the period9904€2k€3k▲
Profit (loss) for the period to be appropriated9905€2k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-6k▲
Profit (loss) brought forward from the previous period14P€-11k€-9k▲
Transfer from equity791/2€0-
Social balance
Average headcount (FTE)90871.81.9▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-37k ▼48562%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €76
Net result €76 after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €16k ▲432%
Operating result €27k, net result €16k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Boom · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Antwerpsestraat 36/382850 BoomGround area
603 m²
Building footprint
196 m²
Volume, LiDAR
3,727 m³
Parcel 11005B0409/00E000, Flanders · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Antwerpsestraat 36, 2850 Boom
since 20012.094.491.108
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11005B0409/00E000 | Flanders | 603 m² | 1 · 196 m² | 22.6 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MAJUBO
BE 0724.841.111
Roeselare · Eq €26k
IMMO FRANCIS DE MEESTER
BE 0477.052.829
Waregem · Eq €26k
NEXT INVEST
BE 0782.593.822
Genk · Eq €26k
YRUAMA
BE 1024.080.270
Brussel · Eq €26k
WINDESHAUSEN PROPERTIES
BE 0686.745.350
Vorst · Eq €26k
Of 11,750 companies in sector 68310 we hold annual accounts for 6,907. 4,236 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-2001
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.