PHENIX GROUP
ActiveSummary
PHENIX GROUP has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.3m and a net result of €452,889. Equity is growing by ~14.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability60▲+5
Solvency34=
Growth76▲+1
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.01 in 2023; short-term debt: 49.1% and cash: 5.3% of total assets), and 90.8% of the assets are financed with debt.
Credit check for your own amount and term
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
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 · 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 2024Solvency, return and age of the figures
Solvency
9.2%
Return on assets
3.2%
Age of the figures
21 mo
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
45 d early
2023
42 d early
2022
24 d late
2021
30 d late
2020
23 d late
2019
161 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 30 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 20 June (4 of the last 5 filed years within 65 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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Financials · fiscal year 2024, unclassified schema
In the rankings
#2 company by staff growth in Walloon Brabant, Specialised construction sector#3 company by total assets in Tubize, Construction sector#4 company by equity in Tubize, Construction sector
Turnover
€22.3m▲ 16.1%
2023 · €19.2m
EBIT margin
3.7%▲ 0.6pp
2023 · 3.1%
Net result
€452,889▲ 60.5%
2023 · €282,201
Working capital
€728,694▲ 1,483%
2023 · €46,032
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€14.1m€16.7m▲ 18.5%€24.3m▲ 45.8%€19.2m▼ 20.8%€22.3m▲ 16.1%
Operating result€455,791▼ 37.6%€205,321▼ 55.0%€331,340▲ 61.4%€602,277▲ 81.8%€832,368▲ 38.2%
Net result€338,977above the sector's middle half▼ 26.5%€90,799within the sector's middle half▼ 73.2%€176,675▲ 94.6%€282,201▲ 59.7%€452,889▲ 60.5%
EBIT margin3.2%1.2%▼ 2.0pp1.4%▲ 0.1pp3.1%▲ 1.8pp3.7%▲ 0.6pp
Equity€770,711above the sector's middle half▲ 9.1%€861,510above the sector's middle half▲ 11.8%€938,185▲ 8.9%€1.1m▲ 19.4%€1.3m▲ 18.1%
Total assets€5.2mabove the sector's middle half▼ 1.0%€6.5mabove the sector's middle half▲ 24.7%€8.5m▲ 30.4%€12.2m▲ 43.5%€14.4m▲ 17.6%
Debt€4.5m▼ 2.6%€5.7m▲ 26.9%€7.6m▲ 33.7%€11.1m▲ 46.4%€13.0m▲ 17.6%
Working capital€282,378within the sector's middle half▼ 15.8%€260,291within the sector's middle half▼ 7.8%€171,504▼ 34.1%€46,032▼ 73.2%€728,694▲ 1,483%
Solvency14.7%below the sector's middle half▲ 1.4pp13.2%below the sector's middle half▼ 1.5pp11.0%▼ 2.2pp9.2%▼ 1.8pp9.2%=
Current ratio1.08below the sector's middle half▼ 0.011.06below the sector's middle half▼ 0.021.03▼ 0.031.01▼ 0.021.10▲ 0.09
Return on assets (ROA)6.5%within the sector's middle half▼ 2.2pp1.4%within the sector's middle half▼ 5.1pp2.1%▲ 0.7pp2.3%▲ 0.2pp3.2%▲ 0.8pp
Staff (FTE)25.4above the sector's middle half▲ 10.0%26.8above the sector's middle half▲ 5.5%27.6▲ 3.0%35.1▲ 27.2%41.2▲ 17.4%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 38% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.4m
Fixed assets
€6.6m ▼ 5.2%
Current assets
€7.8m ▲ 47.8%
Equity and liabilities €14.4m
Equity
€1.3m ▲ 18.1%
Debt
€13.0m ▲ 17.6%
Debt's share of the balance-sheet total stays at 90.8%.
Key figures and ratios
EBITDA
€1.6m▲
2023 · €1.2m
Cash flow
€1.2m▲
2023 · €926,339
Quick ratio
0.84▲
2023 · 0.83
Debt to equity
9.86▼
2023 · 9.90
ROE
34.2%▲
2023 · 25.2%
Interest coverage
5.23▲
2023 · 4.56
Debt ≤ 1 year
€7.0m▲
2023 · €5.2m
Debt > 1 year
€5.8m▼
2023 · €5.9m
Income taxes
€106,424▲
2023 · €76,460
Staff costs
€3.1m▲
2023 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
2.1%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,448 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €17.0m | €25.0m | €20.1m | €22.1m | ▲ 9.9% |
| Turnover70 | €14.1m | €16.7m | €24.3m | €19.2m | €22.3m | ▲ 16.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €166,850 | €527,944 | €50,679 | -€347,512 | ▼ 786% |
| Other operating income74 | - | €41,387 | €102,672 | €115,426 | €60,810 | ▼ 47.3% |
| Non-recurring operating income76A | - | €137,624 | €12,552 | €675,242 | €28,884 | ▼ 95.7% |
| Operating charges60/66A | - | €16.8m | €24.6m | €19.5m | €21.3m | ▲ 9.1% |
| Goods for resale, raw materials and consumables60 | - | €11.9m | €18.7m | €12.7m | €13.9m | ▲ 9.7% |
| Purchases600/8 | - | €12.5m | €18.1m | €12.7m | €15.2m | ▲ 19.7% |
| Change in stocks: decrease (increase)609 | - | -€612,189 | €612,189 | €0 | -€1.3m | - |
| Services and other goods61 | - | €2.8m | €3.4m | €3.4m | €3.4m | ▼ 2.5% |
| Remuneration, social security and pensions62 | - | €1.7m | €2.1m | €2.7m | €3.1m | ▲ 18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €275,184 | €375,552 | €426,621 | €644,138 | €744,639 | ▲ 15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €82,785 | - |
| Other operating charges640/8 | - | €57,325 | €49,445 | €46,185 | €34,013 | ▼ 26.4% |
| Non-recurring operating charges66A | - | €14,750 | - | €29,617 | €5,243 | ▼ 82.3% |
| Operating profit (loss)9901 | €455,791 | €205,321 | €331,340 | €602,277 | €832,368 | ▲ 38.2% |
| Financial income75/76B | - | €14,526 | €15,552 | €53,581 | €42,379 | ▼ 20.9% |
| Recurring financial income75 | €4,848 | €14,526 | €12,864 | €53,581 | €42,379 | ▼ 20.9% |
| Income from current assets751 | - | €12,428 | €5,942 | €27,993 | €25,208 | ▼ 9.9% |
| Other financial income752/9 | - | €2,099 | €6,922 | €25,588 | €17,171 | ▼ 32.9% |
| Non-recurring financial income76B | - | - | €2,688 | €0 | - | - |
| Financial charges65/66B | - | €55,795 | €105,487 | €297,197 | €315,434 | ▲ 6.1% |
| Recurring financial charges65 | €71,198 | €55,795 | €105,487 | €297,197 | €315,434 | ▲ 6.1% |
| Debt charges650 | €44,714 | €45,308 | €104,239 | €273,596 | €301,422 | ▲ 10.2% |
| Other financial charges652/9 | - | €10,487 | €1,248 | €23,600 | €14,012 | ▼ 40.6% |
| Profit (loss) for the period before taxes9903 | €389,441 | €164,053 | €241,406 | €358,661 | €559,313 | ▲ 55.9% |
| Income taxes67/77 | €50,463 | €73,254 | €64,730 | €76,460 | €106,424 | ▲ 39.2% |
| Taxes670/3 | - | €74,588 | €64,730 | €76,460 | €106,424 | ▲ 39.2% |
| Tax adjustments and reversals of tax provisions77 | - | €1,334 | - | - | - | - |
| Profit (loss) for the period9904 | €338,977 | €90,799 | €176,675 | €282,201 | €452,889 | ▲ 60.5% |
| Transfer from tax-exempt reserves789 | - | €103,240 | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €84,200 | €84,200 | = |
| Profit (loss) for the period to be appropriated9905 | €338,977 | €194,039 | €176,675 | €198,001 | €368,689 | ▲ 86.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.2m | €6.5m | €8.5m | €12.2m | €14.4m | ▲ 17.6% |
| Fixed assets21/28 | €1.4m | €1.6m | €1.8m | €7.0m | €6.6m | ▼ 5.2% |
| Intangible fixed assets21 | €7,500 | €2,500 | - | - | - | - |
| Tangible fixed assets22/27 | €1.4m | €1.6m | €1.8m | €7.0m | €6.6m | ▼ 5.2% |
| Land and buildings22 | - | €539,114 | €492,115 | €55,243 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €552,975 | €752,763 | €519,528 | €415,525 | ▼ 20.0% |
| Furniture and vehicles24 | - | €127,996 | €151,244 | €79,641 | €131,190 | ▲ 64.7% |
| Leasing and similar rights25 | - | €390,698 | €421,262 | €6.1m | €5.9m | ▼ 4.3% |
| Other tangible fixed assets26 | - | €2,452 | €2,452 | €154,645 | €168,093 | ▲ 8.7% |
| Current assets29/58 | €3.9m | €4.9m | €6.7m | €5.3m | €7.8m | ▲ 47.8% |
| Amounts receivable after more than one year29 | - | €1,662 | €584,517 | €876,710 | €652,520 | ▼ 25.6% |
| Other amounts receivable291 | - | €1,662 | €584,517 | €876,710 | €652,520 | ▼ 25.6% |
| Stocks and contracts in progress3 | €203,150 | €982,189 | €897,944 | €948,622 | €1.9m | ▲ 97.3% |
| Stocks30/36 | - | €982,189 | - | - | €1.3m | - |
| Work in progress32 | - | €370,000 | - | - | - | - |
| Property held for sale35 | - | €612,189 | - | - | €1.3m | - |
| Contracts in progress37 | - | - | €897,944 | €948,622 | €601,110 | ▼ 36.6% |
| Amounts receivable within one year40/41 | €2.8m | €3.0m | €4.4m | €3.1m | €4.4m | ▲ 44.4% |
| Trade receivables40 | - | €2.8m | €3.9m | €2.9m | €4.2m | ▲ 46.7% |
| Other amounts receivable41 | - | €247,740 | €528,118 | €181,358 | €196,550 | ▲ 8.4% |
| Cash at bank and in hand54/58 | €576,372 | €858,804 | €744,684 | €309,879 | €763,311 | ▲ 146% |
| Deferred charges and accrued income490/1 | - | €31,914 | €30,031 | €54,391 | €51,958 | ▼ 4.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.2m | €6.5m | €8.5m | €12.2m | €14.4m | ▲ 17.6% |
| Equity10/15 | €770,711 | €861,510 | €938,185 | €1.1m | €1.3m | ▲ 18.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €752,111 | €842,910 | €919,585 | €1.1m | €1.3m | ▲ 18.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €84,200 | €168,400 | ▲ 100% |
| Distributable reserves133 | - | €841,050 | €917,725 | €1.0m | €1.1m | ▲ 11.7% |
| Amounts payable17/49 | €4.5m | €5.7m | €7.6m | €11.1m | €13.0m | ▲ 17.6% |
| Amounts payable after more than one year17 | €890,844 | €1.0m | €1.0m | €5.9m | €5.8m | ▼ 1.4% |
| Financial debts170/4 | - | €931,648 | €1.0m | €5.8m | €5.4m | ▼ 5.8% |
| Leasing and similar obligations172 | - | €262,778 | €266,698 | €5.6m | €5.3m | ▼ 5.5% |
| Credit institutions173 | - | €593,870 | €707,533 | €98,845 | €73,371 | ▼ 25.8% |
| Other loans174 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Other amounts payable178/9 | - | €74,342 | - | €114,387 | €365,240 | ▲ 219% |
| Amounts payable within one year42/48 | €3.6m | €4.7m | €6.5m | €5.2m | €7.0m | ▲ 35.1% |
| Current portion of amounts payable after more than one year42 | - | €169,280 | €247,872 | €534,973 | €566,484 | ▲ 5.9% |
| Financial debts43 | - | €1.5m | €1.0m | €1.1m | €1.9m | ▲ 77.5% |
| Credit institutions430/8 | - | €1.5m | €1.0m | €1.1m | €1.9m | ▲ 77.5% |
| Trade debts44 | €2.3m | €2.9m | €4.8m | €3.4m | €4.0m | ▲ 18.9% |
| Suppliers440/4 | - | €2.9m | €4.8m | €3.4m | €4.0m | ▲ 18.9% |
| Advances received on contracts in progress46 | - | - | €98,000 | €0 | €103,401 | - |
| Taxes, remuneration and social security45 | - | €118,825 | €194,962 | €106,452 | €164,238 | ▲ 54.3% |
| Taxes450/3 | - | €47,290 | €112,021 | €0 | €50,846 | - |
| Remuneration and social security454/9 | - | €71,535 | €82,942 | €106,452 | €113,392 | ▲ 6.5% |
| Other amounts payable47/48 | - | €3,056 | €105,583 | €100,758 | €250,747 | ▲ 149% |
| Accrued charges and deferred income492/3 | - | €8,526 | €3,923 | €31 | €204,861 | ▲ 658,194% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €338,977 | €90,799 | €176,675 | €282,201 | €452,889 | ▲ 60.5% |
| + Depreciation and write-downs630 | €275,184 | €375,552 | €426,621 | €644,138 | €744,639 | ▲ 15.6% |
| Operating cash flow (approximation) | €614,161 | €466,350 | €603,297 | €926,339 | €1.2m | ▲ 29.3% |
| Investment in fixed assets (approximation) | - | -€612,109 | -€630,721 | -€5.8m | -€385,535 | ▲ 93.3% |
| Change in cash | - | €282,432 | -€114,119 | -€434,805 | €453,432 | ▲ 204% |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Equity above €1mEq €1.1m ▲19.4%
6 profitable years in a row build equity to €1.1m.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 24 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €461,161 ▲2,022%
Net result €461,161, the highest in the series.
31-12
Financial
Equity above €500,000Eq €706,734 ▲42.6%
2 profitable years in a row build equity to €706,734.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
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.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Tubize · 1 establishment unit since 2012
Ground area
1.7 ha
Building footprint
4,476 m²
Parcel 25105A0529/00C000, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Phenix Group
since 20122.211.010.872
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105A0529/00C000 | Wallonia | 1.7 ha | 1 · 4,476 m² | - |
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.
Subsidies and aid
Flemish government
2022 · 1 entry · 640 EUR awarded · 328 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 640 EUR | 328 EUR |
Recognitions · licences · registrations
Recognised contractor
6 categoriesPHENIX GROUP SRL45877
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Of 11,128 companies in sector 43910 we hold annual accounts for 5,493. 2,047 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
Founded28-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
43910Bricklaying and masonry work
43221Plumbing work
43230Insulation installation
43320Joinery installation
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846930358
Registered
27-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.