PHENIX
ActivePHENIX has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €298k and a net result of €-59k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 64% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▼-77
Solvency74▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.25 in 2024; short-term debt: 51.3% and cash: 1.3% of total assets), and 51.3% 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+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 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
51 d early
2023
9 d late
2022
28 d early
2021
29 d late
2020
13 d late
2019
173 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€298k▼ 16.6%
2024 · €357k
2018: €151k
2019: €219k
2020: €265k
2021: €214k
2022: €256k
2023: €275k
2024: €357k
2018 → 2025
Total assets
€611k▼ 11.6%
2024 · €692k
2018: €833k
2019: €844k
2020: €825k
2021: €660k
2022: €688k
2023: €704k
2024: €692k
2018 → 2025
Net result
€-59k
2024 · €82k
2018: €36k
2019: €68k
2020: €46k
2021: €-51k
2022: €42k
2023: €19k
2024: €82k
2018 → 2025
Working capital
€-287k▼ 14.5%
2024 · €-251k
2018: €-517k
2019: €-432k
2020: €-372k
2021: €-406k
2022: €-364k
2023: €-329k
2024: €-251k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€214k-€256k▲ 19.7%€275k▲ 7.5%€357k▲ 29.8%€298k▼ 16.6%
Operating result€49k-€42k▼ 15.0%€33k▼ 21.2%€125k▲ 279%€-85k
Net result€-51k-€42k€19k▼ 54.5%€82k▲ 329%€-59k
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 turns negative in 2025: a loss of €85k after €125k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €611k
Fixed assets
€584k▼ 3.8%
Current assets
€27k▼ 67.9%
Equity and liabilities €611k
Equity
€298k▼ 16.6%
Debt
€314k▼ 6.2%
The debt ratio rises from 48.4% to 51.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-52k▼
2024 · €153k
Cash flow
€-26k▼
2024 · €111k
Solvency
48.7%▼
2024 · 51.6%
Current ratio
0.09▼
2024 · 0.25
Quick ratio
0.09▼
2024 · 0.25
Debt / equity
1.05▲
2024 · 0.94
ROE
-19.9%▼
2024 · 23.0%
ROA
-9.7%▼
2024 · 11.9%
Interest coverage
-46.22▼
2024 · 282.15
Debt
€314k▼
2024 · €335k
Debt ≤ 1 year
€314k▼
2024 · €335k
Staff costs
€26k▲
2024 · €25k
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€692k€611k▼
Fixed assets21/28€608k€584k▼
Tangible fixed assets22/27€608k€584k▼
Land and buildings22€546k€528k▼
Plant, machinery and equipment23€343€158▼
Furniture and vehicles24€42k€42k▲
Other tangible fixed assets26€20k€15k▼
Current assets29/58€84k€27k▼
Amounts receivable within one year40/41€67k€19k▼
Trade receivables40€64k€17k▼
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€17k€8k▼
Equity and liabilities
Total equity and liabilities10/49€692k€611k▼
Equity10/15€357k€298k▼
Contributions10/11€275k€275k=
Capital10€275k€275k=
Issued capital100€275k€275k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Profit (loss) carried forward14€78k€18k▼
Amounts payable17/49€335k€314k▼
Amounts payable within one year42/48€335k€314k▼
Current portion of amounts payable after more than one year42€6k-
Trade debts44€13k€13k▲
Suppliers440/4€13k€13k▲
Advances received on contracts in progress46€47k-
Taxes, remuneration and social security45€15k€11k▼
Taxes450/3€6k€5k▼
Remuneration and social security454/9€10k€5k▼
Other amounts payable47/48€253k€290k▲
Income statement
Code20242025
Remuneration, social security and pensions62€25k€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€33k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€181k€-21k▼
Operating profit (loss)9901€125k€-85k▼
Financial income75/76B-€27k
Recurring financial income75-€0
Non-recurring financial income76B-€27k
Financial charges65/66B€13k€1k▼
Recurring financial charges65€543€1k▲
Non-recurring financial charges66B€13k-
Profit (loss) for the period before taxes9903€111k€-59k▼
Income taxes67/77€29k-
Profit (loss) for the period9904€82k€-59k▼
Profit (loss) for the period to be appropriated9905€82k€-59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€82k€18k▼
Profit (loss) brought forward from the previous period14P€-20€78k▲
Transfer to equity691/2€4k-
To the legal reserve6920€4k-
The notes to these accounts (4 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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
31-12
Financial
Weakest financial yearnet €-59k ▼172%
Net result drops to €-59k, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €82k ▲329%
Operating result €125k, net result €82k, both a record.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 173 days late
2019
31-12
Financial
Equity above €200kEq €219k ▲45.4%
2 profitable years in a row build equity to €219k.
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 63 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Vorst · 1 establishment unit since 2008
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.
Brugmannlaan 771190 VorstGround area
312 m²
Building footprint
133 m²
Volume, LiDAR
2,189 m³
Parcel 21383B0097/00G004, Brussels · tallest building 25.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Brugmannlaan 77, 1190 Vorst
since 20082.168.189.332
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0097/00G004 | Brussels | 312 m² | 1 · 133 m² | 25.5 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
WOONQUALITY
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LUSIMMO
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HUGUES VANDERBECQ
BE 0795.237.474
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FÉLOU
BE 0661.870.590
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NV VERPIMMO
BE 0470.014.686
Heist-op-den-Berg · Eq €296k
Of 3,766 companies in sector 68321 we hold annual accounts for 1,391. 974 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-10-2007
Fiscal year end31-12
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
73110Advertising agencies
68121Development of residential building projects
68310Real estate agency activities
68311Real estate activities
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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.
Contact details
1 entryPhone:+32475831674