Phée Concept
ActiveSummary
Phée Concept has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €542,359 and a net result of €518,140. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+72
Solvency96▲+53
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 13.24 against 0.73 in 2024; short-term debt: 6.4% and cash: 17.2% of total assets), and 29.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
70.6%
Return on assets
67.4%
Age of the figures
9 mo
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
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 13-04-2026, 109 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
109 d early
2024
34 d early
2023
40 d early
2022
33 d early
2021
33 d early
2020
25 d early
2019
25 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 43 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 27 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€542,359▲ 1,127%
2024 · €44,219
Total assets
€768,533▲ 216%
2024 · €243,421
Net result
€518,140
2024 · -€9,425
Working capital
€598,084
2024 · -€32,360
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,011▼ 32.0%€16,255▼ 4.4%€45,829▲ 182%€50,020▲ 9.1%€705,198▲ 1,310%
Net result€8,867within the sector's middle half▼ 31.3%€7,108below the sector's middle half▼ 19.8%€30,124within the sector's middle half▲ 324%-€9,425below the sector's middle half€518,140above the sector's middle half
Equity€42,412within the sector's middle half▲ 10.0%€33,520below the sector's middle half▼ 21.0%€53,644within the sector's middle half▲ 60.0%€44,219within the sector's middle half▼ 17.6%€542,359above the sector's middle half▲ 1,127%
Total assets€295,755within the sector's middle half▼ 3.8%€288,143within the sector's middle half▼ 2.6%€273,625within the sector's middle half▼ 5.0%€243,421within the sector's middle half▼ 11.0%€768,533above the sector's middle half▲ 216%
Debt€253,342▼ 5.8%€254,623▲ 0.5%€219,981▼ 13.6%€199,202▼ 9.4%€105,034▼ 47.3%
Working capital-€56,659below the sector's middle half▼ 354%-€70,572below the sector's middle half▼ 24.6%-€41,301below the sector's middle half▲ 41.5%-€32,360below the sector's middle half▲ 21.6%€598,084above the sector's middle half
Solvency14.3%below the sector's middle half▲ 1.8pp11.6%below the sector's middle half▼ 2.7pp19.6%below the sector's middle half▲ 8.0pp18.2%below the sector's middle half▼ 1.4pp70.6%within the sector's middle half▲ 52.4pp
Current ratio0.54below the sector's middle half▼ 0.340.50below the sector's middle half▼ 0.040.69below the sector's middle half▲ 0.190.73below the sector's middle half▲ 0.0413.24above the sector's middle half▲ 12.51
Return on assets (ROA)3.0%below the sector's middle half▼ 1.2pp2.5%below the sector's middle half▼ 0.5pp11.0%within the sector's middle half▲ 8.5pp-3.9%below the sector's middle half▼ 14.9pp67.4%above the sector's middle half▲ 71.3pp
Staff (FTE)3.3▲ 10.0%4.3▲ 30.3%4.2▼ 2.3%4.2=4.8▲ 14.3%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1,310% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €768,533
Fixed assets
€121,584 ▼ 22.4%
Current assets
€646,949 ▲ 645%
Equity and liabilities €768,533
Equity
€542,359 ▲ 1,127%
Provisions
€121,139
Debt
€105,034 ▼ 47.3%
Debt's share of the balance-sheet total falls from 81.8% to 13.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€723,284▲
2024 · €99,223
Cash flow
€536,225▲
2024 · €39,778
Debt to equity
0.19▼
2024 · 4.50
ROE
95.5%▲
2024 · -21.3%
Interest coverage
11.69▲
2024 · 1.64
Debt ≤ 1 year
€48,865▼
2024 · €119,154
Debt > 1 year
€55,058▼
2024 · €78,358
Income taxes
€6,086▲
2024 · €641
Staff costs
€126,744▼
2024 · €174,732
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €130,303 | €133,035 | €137,612 | €174,732 | €126,744 | ▼ 27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,727 | €51,817 | €50,600 | €49,203 | €18,086 | ▼ 63.2% |
| Other operating charges640/8 | €1,022 | €2,699 | €1,060 | €3,393 | €1,369 | ▼ 59.7% |
| Gross operating margin9900 | €190,062 | €203,807 | €235,100 | €277,349 | €851,398 | ▲ 207% |
| Operating profit (loss)9901 | €17,011 | €16,255 | €45,829 | €50,020 | €705,198 | ▲ 1,310% |
| Financial income75/76B | €1,408 | €1,611 | €2,491 | €1,614 | €2,039 | ▲ 26.4% |
| Recurring financial income75 | €1,408 | €1,611 | €2,491 | €1,614 | €2,039 | ▲ 26.4% |
| Financial charges65/66B | €7,087 | €7,211 | €7,272 | €60,418 | €61,873 | ▲ 2.4% |
| Recurring financial charges65 | €7,087 | €7,211 | €7,272 | €60,418 | €61,873 | ▲ 2.4% |
| Profit (loss) for the period before taxes9903 | €11,331 | €10,655 | €41,048 | -€8,784 | €645,365 | ▲ 7,447% |
| Transfer from deferred taxes780 | - | - | - | - | €3 | - |
| Transfer to deferred taxes680 | - | - | - | - | €121,142 | - |
| Income taxes67/77 | €2,465 | €3,547 | €10,924 | €641 | €6,086 | ▲ 850% |
| Profit (loss) for the period9904 | €8,867 | €7,108 | €30,124 | -€9,425 | €518,140 | ▲ 5,598% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €11 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €484,569 | - |
| Profit (loss) for the period to be appropriated9905 | €8,867 | €7,108 | €30,124 | -€9,425 | €33,582 | ▲ 456% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €295,755 | €288,143 | €273,625 | €243,421 | €768,533 | ▲ 216% |
| Formation expenses20 | €0 | €0 | €0 | €0 | - | - |
| Fixed assets21/28 | €229,409 | €217,695 | €180,409 | €156,626 | €121,584 | ▼ 22.4% |
| Intangible fixed assets21 | €46,500 | €31,000 | €15,722 | €1,905 | €2,270 | ▲ 19.2% |
| Tangible fixed assets22/27 | €182,909 | €186,695 | €164,686 | €154,722 | €119,314 | ▼ 22.9% |
| Land and buildings22 | €110,242 | €102,752 | €95,861 | €107,900 | €99,639 | ▼ 7.7% |
| Plant, machinery and equipment23 | €18,718 | €16,679 | €15,672 | €10,934 | €6,332 | ▼ 42.1% |
| Furniture and vehicles24 | €35,251 | €40,441 | €30,994 | €18,527 | €781 | ▼ 95.8% |
| Other tangible fixed assets26 | €18,698 | €26,824 | €22,159 | €17,361 | €12,562 | ▼ 27.6% |
| Current assets29/58 | €66,346 | €70,448 | €93,216 | €86,794 | €646,949 | ▲ 645% |
| Amounts receivable after more than one year29 | €40,000 | €42,296 | €43,493 | €44,724 | €0 | ▼ 100% |
| Other amounts receivable291 | €40,000 | €42,296 | €43,493 | €44,724 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €23,593 | €18,752 | €41,317 | €37,000 | €513,756 | ▲ 1,289% |
| Trade receivables40 | €21,136 | €9,952 | €19,666 | €15,726 | €33,660 | ▲ 114% |
| Other amounts receivable41 | €2,456 | €8,800 | €21,651 | €21,274 | €480,096 | ▲ 2,157% |
| Cash at bank and in hand54/58 | €2,475 | €9,201 | €6,723 | €4,732 | €132,038 | ▲ 2,690% |
| Deferred charges and accrued income490/1 | €278 | €199 | €1,683 | €338 | €1,156 | ▲ 242% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €295,755 | €288,143 | €273,625 | €243,421 | €768,533 | ▲ 216% |
| Equity10/15 | €42,412 | €33,520 | €53,644 | €44,219 | €542,359 | ▲ 1,127% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | €18,600 | - | - | - |
| Other1109/19 | €18,600 | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €486,418 | ▲ 26,051% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €484,558 | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €21,952 | €13,060 | €33,184 | €23,759 | €37,341 | ▲ 57.2% |
| Provisions and deferred taxes16 | - | - | - | - | €121,139 | - |
| Deferred taxes168 | - | - | - | - | €121,139 | - |
| Amounts payable17/49 | €253,342 | €254,623 | €219,981 | €199,202 | €105,034 | ▼ 47.3% |
| Amounts payable after more than one year17 | €129,226 | €111,913 | €83,468 | €78,358 | €55,058 | ▼ 29.7% |
| Financial debts170/4 | €129,226 | €111,913 | €83,468 | €78,358 | €55,058 | ▼ 29.7% |
| Amounts payable within one year42/48 | €123,005 | €141,020 | €134,517 | €119,154 | €48,865 | ▼ 59.0% |
| Current portion of amounts payable after more than one year42 | €56,626 | €56,800 | €41,987 | €34,646 | €20,671 | ▼ 40.3% |
| Trade debts44 | €13,680 | €19,849 | €24,385 | €26,784 | €6,477 | ▼ 75.8% |
| Suppliers440/4 | €13,680 | €19,849 | €24,385 | €26,784 | €6,477 | ▼ 75.8% |
| Taxes, remuneration and social security45 | €47,953 | €50,770 | €59,644 | €51,123 | €13,217 | ▼ 74.1% |
| Taxes450/3 | €31,347 | €31,421 | €39,901 | €24,920 | €13,217 | ▼ 47.0% |
| Remuneration and social security454/9 | €16,606 | €19,350 | €19,743 | €26,204 | €0 | ▼ 100% |
| Other amounts payable47/48 | €4,746 | €13,600 | €8,500 | €6,602 | €8,500 | ▲ 28.8% |
| Accrued charges and deferred income492/3 | €1,112 | €1,690 | €1,996 | €1,690 | €1,112 | ▼ 34.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,867 | €7,108 | €30,124 | -€9,425 | €518,140 | ▲ 5,598% |
| + Depreciation and write-downs630 | €41,727 | €51,817 | €50,600 | €49,203 | €18,086 | ▼ 63.2% |
| Operating cash flow (approximation) | €50,593 | €58,925 | €80,724 | €39,778 | €536,225 | ▲ 1,248% |
| Investment in fixed assets (approximation) | - | -€40,103 | -€13,313 | -€25,421 | €16,957 | ▲ 167% |
| Change in cash | - | €6,726 | -€2,479 | -€1,990 | €127,305 | ▲ 6,496% |
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
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €518,140
Net result €518,140 after one loss-making year.
31-12
Financial
Liquidity times 18current ratio 13.24
Current ratio from 0.73 to 13.24; short-term debt falls from €119,154 to €48,865.
31-12
Financial
Equity above €500,000Eq €542,359 ▲1,127%
Equity rises from €44,219 to €542,359.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€9,425
Net result drops to -€9,425, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Gerpinnes · 1 establishment unit since 2015
Ground area
3,437 m²
Building footprint
189 m²
Volume, LiDAR
1,477 m³
2 parcels, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Baumal Expertise
since 20152.237.669.343
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52001A0204/00L000 | Wallonia | 2,676 m² | 1 · 84 m² | 9.8 m · 3 fl. |
| 52029B0251/00P000 | Wallonia | 761 m² | 1 · 105 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900J6OVDERNJRO967
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 5,383 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
Founded29-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
Website
www.baumal.beGerpinnes
E-mail
secretariat@baumal.beGerpinnes
Phone
071/39.39.79Gerpinnes
Fax
071/38.58.60Gerpinnes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0507775006
Also
9925:BE0507775006
Registered
10-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.