PHELEK
ActiveSummary
PHELEK has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €501k and a net result of €952k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 21% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency46▼-54
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 7.92 in 2024; short-term debt: 76.7% and cash: 2.6% of total assets), and 79.3% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
20.7%
Return on assets
39.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 sector peers
Solvency
better than 21%
← weakest
strongest →
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 16-04-2026, 106 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
106 d early
2024
71 d early
2023
36 d early
2022
27 d early
2021
31 d early
2020
22 d early
2019
17 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€501k▼ 72.7%
2024 · €1.83M
Total assets
€2.42M▲ 12.6%
2024 · €2.15M
Net result
€952k▲ 31.8%
2024 · €722k
Working capital
€31k▼ 97.7%
2024 · €1.35M
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€348k▲ 5.0%€326k▼ 6.3%€630k▲ 93.3%€1.03M▲ 62.8%€955k▼ 6.9%
Net result€277k▲ 9.3%€205k▼ 26.0%€531k▲ 160%€722k▲ 36.0%€952k▲ 31.8%
Equity€1.16M▲ 31.3%€866k▼ 25.4%€1.23M▲ 42.0%€1.83M▲ 49.2%€501k▼ 72.7%
Total assets€1.53M▲ 56.9%€1.28M▼ 16.5%€1.69M▲ 32.2%€2.15M▲ 27.1%€2.42M▲ 12.6%
Debt€367k▲ 310%€411k▲ 11.9%€459k▲ 11.7%€312k▼ 32.0%€1.91M▲ 513%
Working capital€892k▲ 27.3%€513k▼ 42.5%€818k▲ 59.6%€1.35M▲ 65.1%€31k▼ 97.7%
Staff (FTE)000
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 falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.42M
Fixed assets
€532k ▼ 11.3%
Current assets
€1.88M ▲ 21.8%
Equity and liabilities €2.42M
Equity
€501k ▼ 72.7%
Debt
€1.91M ▲ 513%
Debt's share of the balance-sheet total rises from 14.5% to 79.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.02M▼
2024 · €1.09M
Cash flow
€1.02M▲
2024 · €789k
Current ratio
1.02▼
2024 · 7.92
Debt to equity
3.82▲
2024 · 0.17
ROE
190.0%▲
2024 · 39.4%
ROA
39.4%▲
2024 · 33.7%
Interest coverage
59.16▲
2024 · 23.72
Debt ≤ 1 year
€1.85M▲
2024 · €195k
Debt > 1 year
€62k▼
2024 · €117k
Income taxes
€244k▼
2024 · €261k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €27k | €4k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €48k | €57k | €67k | €68k | ▲ 0.9% |
| Other operating charges640/8 | €2k | €5k | €4k | €5k | €7k | ▲ 46.6% |
| Non-recurring operating charges66A | - | - | €2k | €0 | €578 | - |
| Gross operating margin9900 | €377k | €379k | €694k | €1.10M | €1.03M | ▼ 6.2% |
| Operating profit (loss)9901 | €348k | €326k | €630k | €1.03M | €955k | ▼ 6.9% |
| Financial income75/76B | €927 | €15k | €6k | €4k | €259k | ▲ 5,753% |
| Recurring financial income75 | €927 | €15k | €6k | €4k | €259k | ▲ 5,753% |
| Financial charges65/66B | €10k | €60k | €-55k | €47k | €17k | ▼ 62.9% |
| Recurring financial charges65 | €10k | €60k | €-55k | €46k | €17k | ▼ 62.5% |
| Non-recurring financial charges66B | - | - | - | €486 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €339k | €281k | €691k | €984k | €1.20M | ▲ 21.7% |
| Income taxes67/77 | €63k | €77k | €159k | €261k | €244k | ▼ 6.5% |
| Profit (loss) for the period9904 | €277k | €205k | €531k | €722k | €952k | ▲ 31.8% |
| Profit (loss) for the period to be appropriated9905 | €277k | €205k | €531k | €722k | €952k | ▲ 31.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.53M | €1.28M | €1.69M | €2.15M | €2.42M | ▲ 12.6% |
| Fixed assets21/28 | €541k | €604k | €597k | €600k | €532k | ▼ 11.3% |
| Tangible fixed assets22/27 | €535k | €602k | €595k | €598k | €531k | ▼ 11.3% |
| Land and buildings22 | €497k | €479k | €460k | €442k | €424k | ▼ 4.1% |
| Plant, machinery and equipment23 | €7k | €11k | €7k | €4k | €815 | ▼ 76.9% |
| Furniture and vehicles24 | €31k | €112k | €128k | €153k | €106k | ▼ 30.5% |
| Financial fixed assets28 | €6k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €987k | €673k | €1.09M | €1.55M | €1.88M | ▲ 21.8% |
| Amounts receivable within one year40/41 | €130k | €68k | €192k | €290k | €288k | ▼ 0.7% |
| Trade receivables40 | €108k | €59k | €155k | €268k | €272k | ▲ 1.7% |
| Other amounts receivable41 | €22k | €10k | €37k | €22k | €16k | ▼ 29.2% |
| Current investments50/53 | €586k | €540k | €603k | €903k | €1.53M | ▲ 69.3% |
| Cash at bank and in hand54/58 | €271k | €62k | €292k | €339k | €62k | ▼ 81.7% |
| Deferred charges and accrued income490/1 | €760 | €3k | €5k | €14k | €4k | ▼ 67.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.53M | €1.28M | €1.69M | €2.15M | €2.42M | ▲ 12.6% |
| Equity10/15 | €1.16M | €866k | €1.23M | €1.83M | €501k | ▼ 72.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €1.14M | €847k | €1.21M | €1.82M | €483k | ▼ 73.4% |
| Non-distributable reserves130/1 | €2k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €0 | - | - | - | - |
| Distributable reserves133 | €1.14M | €847k | €1.21M | €1.82M | €483k | ▼ 73.4% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €367k | €411k | €459k | €312k | €1.91M | ▲ 513% |
| Amounts payable after more than one year17 | €231k | €251k | €186k | €117k | €62k | ▼ 46.6% |
| Financial debts170/4 | €231k | €251k | €186k | €117k | €62k | ▼ 46.6% |
| Amounts payable within one year42/48 | €95k | €160k | €273k | €195k | €1.85M | ▲ 849% |
| Current portion of amounts payable after more than one year42 | €53k | €79k | €77k | €69k | €55k | ▼ 21.1% |
| Financial debts43 | - | - | - | €8k | €21k | ▲ 149% |
| Credit institutions430/8 | - | - | - | €8k | €21k | ▲ 149% |
| Trade debts44 | €29k | €24k | €35k | €86k | €13k | ▼ 85.3% |
| Suppliers440/4 | €29k | €24k | €35k | €86k | €13k | ▼ 85.3% |
| Taxes, remuneration and social security45 | €13k | €8k | €18k | €30k | €342k | ▲ 1,042% |
| Taxes450/3 | €13k | €8k | €18k | €30k | €342k | ▲ 1,042% |
| Other amounts payable47/48 | €55 | €50k | €144k | €1k | €1.42M | ▲ 117,749% |
| Accrued charges and deferred income492/3 | €41k | €38 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €277k | €205k | €531k | €722k | €952k | ▲ 31.8% |
| + Depreciation and write-downs630 | €27k | €48k | €57k | €67k | €68k | ▲ 0.9% |
| Operating cash flow (approximation) | €303k | €252k | €588k | €789k | €1.02M | ▲ 29.2% |
| Investment in fixed assets (approximation) | - | €-110k | €-50k | €-70k | €-149 | ▲ 99.8% |
| Change in cash | - | €-209k | €231k | €47k | €-277k | ▼ 689% |
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
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €952k ▲31.8%
Net result €952k, the highest in the series.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.23M ▲42%
6 profitable years in a row build equity to €1.23M.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €205k ▼26%
Net result drops to €205k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.16M ▲31.3%
4 profitable years in a row build equity to €1.16M.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €500kEq €669k ▲83.5%
2 profitable years in a row build equity to €669k.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2021
Ground area
1,010 m²
Building footprint
749 m²
Volume, LiDAR
855 m³
Parcel 46503C1350/00T000, Flanders · tallest building 37.2 m. Linked by address, not a title deed.
1 establishment unit
Doornpark(BEV) 88A, 9120 Beveren-Kruibeke-Zwijndrecht
since 20212.324.704.374
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46503C1350/00T000 | Flanders | 1,010 m² | 1 · 749 m² | 37.2 m |
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.
Similar companies · same sector, comparable size
SC-ELECTRICS
BE 0560.898.936
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INSTALEC
BE 0678.743.642
Roeselare · Eq €501,558
BATIMELEC
BE 0425.041.231
Waterloo · Eq €501,608
UMA Electrics
BE 0790.237.224
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Frédéric Van den Berghe
BE 0843.572.376
Dendermonde · Eq €500,439
Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 6,480 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
Founded26-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
28250Manufacture of machinery and equipment not elsewhere classified
42220Construction of utility projects for electricity and telecommunications
Scores and ratios are computed by Checked and are not a credit decision.