PHI-INVEST
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 16-02-2024, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
74 d early
2022
45 d early
2021
80 d early
2020
11 d early
2019
119 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 66 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.3m▲ 618%
2022 · €177,382
Working capital
€2.9m▲ 311%
2022 · €700,885
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
Line20192020202120222023
Operating result€16,647▲ 28.9%-€1,279€7,308€82,122▲ 1,024%€26,394▼ 67.9%
Net result€153,909▼ 57.0%€537,485▲ 249%€358,522▼ 33.3%€177,382▼ 50.5%€1.3m▲ 618%
Equity€1.2m▲ 14.8%€1.7m▲ 45.0%€1.9m▲ 10.4%€1.9m▼ 0.5%€3.2m▲ 67.0%
Total assets€1.8m▲ 2.3%€2.3m▲ 26.1%€2.5m▲ 11.5%€2.4m▼ 2.9%€3.3m▲ 34.6%
Debt€597,978▼ 15.9%€527,728▼ 11.7%€607,108▲ 15.0%€544,426▼ 10.3%€114,161▼ 79.0%
Working capital€336,039▲ 10.3%€853,238▲ 154%€857,164▲ 0.5%€700,885▼ 18.2%€2.9m▲ 311%
Why a figure moved sharply
- 2023 Net result +618% on 2022. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 68% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €3.3m
Fixed assets
€304,952 ▼ 78.8%
Current assets
€3.0m ▲ 195%
Equity and liabilities €3.3m
Equity
€3.2m ▲ 67.0%
Provisions
€2,000
Debt
€114,161 ▼ 79.0%
Debt's share of the balance-sheet total falls from 22.2% to 3.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,949▼
2022 · €95,691
Cash flow
€1.3m▲
2022 · €190,951
Current ratio
26.99▲
2022 · 3.25
Debt to equity
0.04▼
2022 · 0.29
ROE
40.1%▲
2022 · 9.3%
ROA
38.7%▲
2022 · 7.2%
Interest coverage
4.43▼
2022 · 10.18
Debt ≤ 1 year
€110,724▼
2022 · €311,462
Debt > 1 year
€1,500▼
2022 · €230,008
Income taxes
€130,591▲
2022 · €18,262
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,357 | €47,873 | €13,341 | €13,569 | €13,555 | ▼ 0.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €2,000 | - |
| Other operating charges640/8 | - | - | - | €9,796 | €10,739 | ▲ 9.6% |
| Gross operating margin9900 | €90,152 | €64,288 | €39,025 | €105,487 | €52,688 | ▼ 50.1% |
| Operating profit (loss)9901 | €16,647 | -€1,279 | €7,308 | €82,122 | €26,394 | ▼ 67.9% |
| Financial income75/76B | - | - | - | €122,924 | €1.4m | ▲ 1,029% |
| Recurring financial income75 | €110,636 | €608,701 | €307,504 | €6,242 | €306,313 | ▲ 4,807% |
| Non-recurring financial income76B | - | - | - | €116,682 | €1.1m | ▲ 827% |
| Financial charges65/66B | - | - | - | €9,402 | €9,018 | ▼ 4.1% |
| Recurring financial charges65 | €14,540 | €11,825 | €104,525 | €9,402 | €9,018 | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | €177,743 | €595,596 | €395,287 | €195,644 | €1.4m | ▲ 618% |
| Income taxes67/77 | €23,834 | €58,111 | €36,765 | €18,262 | €130,591 | ▲ 615% |
| Profit (loss) for the period9904 | €153,909 | €537,485 | €358,522 | €177,382 | €1.3m | ▲ 618% |
| Profit (loss) for the period to be appropriated9905 | €153,909 | €537,485 | €358,522 | €177,382 | €1.3m | ▲ 618% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €2.3m | €2.5m | €2.4m | €3.3m | ▲ 34.6% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.3m | €1.4m | €304,952 | ▼ 78.8% |
| Tangible fixed assets22/27 | €487,267 | €420,355 | €332,076 | €318,507 | €304,952 | ▼ 4.3% |
| Land and buildings22 | - | - | - | €315,726 | €303,022 | ▼ 4.0% |
| Plant, machinery and equipment23 | - | - | - | €2,781 | €1,930 | ▼ 30.6% |
| Financial fixed assets28 | €815,000 | €815,000 | €1.0m | €1.1m | - | - |
| Current assets29/58 | €490,496 | €1.0m | €1.2m | €1.0m | €3.0m | ▲ 195% |
| Amounts receivable after more than one year29 | - | - | - | €87,877 | - | - |
| Other amounts receivable291 | - | - | - | €87,877 | - | - |
| Amounts receivable within one year40/41 | €221,164 | €787,602 | €384,019 | €440,589 | €615,468 | ▲ 39.7% |
| Trade receivables40 | - | - | - | €101,920 | €9,097 | ▼ 91.1% |
| Other amounts receivable41 | - | - | - | €338,669 | €606,371 | ▲ 79.0% |
| Current investments50/53 | - | - | - | - | €2.0m | - |
| Cash at bank and in hand54/58 | €60,433 | €64,774 | €670,063 | €477,186 | €370,812 | ▼ 22.3% |
| Deferred charges and accrued income490/1 | - | - | - | €6,694 | €2,255 | ▼ 66.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €2.3m | €2.5m | €2.4m | €3.3m | ▲ 34.6% |
| Equity10/15 | €1.2m | €1.7m | €1.9m | €1.9m | €3.2m | ▲ 67.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | = |
| Reserves13 | €914,071 | €1.5m | €1.6m | €1.6m | €2.9m | ▲ 78.5% |
| Non-distributable reserves130/1 | - | - | - | €37,475 | €37,475 | = |
| Legal reserve130 | - | - | - | €37,475 | €37,475 | = |
| Distributable reserves133 | - | - | - | €1.6m | €2.9m | ▲ 80.4% |
| Profit (loss) carried forward14 | €218,714 | €218,714 | €218,714 | €218,714 | €218,714 | = |
| Provisions and deferred taxes16 | - | - | - | - | €2,000 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €2,000 | - |
| Other liabilities and charges164/5 | - | - | - | - | €2,000 | - |
| Amounts payable17/49 | €597,978 | €527,728 | €607,108 | €544,426 | €114,161 | ▼ 79.0% |
| Amounts payable after more than one year17 | €441,637 | €354,402 | €274,049 | €230,008 | €1,500 | ▼ 99.3% |
| Financial debts170/4 | - | - | - | €227,028 | - | - |
| Other amounts payable178/9 | - | - | - | €2,980 | €1,500 | ▼ 49.7% |
| Amounts payable within one year42/48 | €154,457 | €171,406 | €331,116 | €311,462 | €110,724 | ▼ 64.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €47,021 | - | - |
| Trade debts44 | €932 | €759 | €7,670 | €456 | €25 | ▼ 94.5% |
| Suppliers440/4 | - | - | - | €456 | €25 | ▼ 94.5% |
| Taxes, remuneration and social security45 | - | - | - | €33,434 | €110,699 | ▲ 231% |
| Taxes450/3 | - | - | - | €33,434 | €110,699 | ▲ 231% |
| Other amounts payable47/48 | - | - | - | €230,550 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,957 | €1,938 | ▼ 34.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €153,909 | €537,485 | €358,522 | €177,382 | €1.3m | ▲ 618% |
| + Depreciation and write-downs630 | €56,357 | €47,873 | €13,341 | €13,569 | €13,555 | ▼ 0.1% |
| Operating cash flow (approximation) | €210,266 | €585,358 | €371,863 | €190,951 | €1.3m | ▲ 574% |
| Investment in fixed assets (approximation) | - | €19,039 | -€110,061 | -€116,682 | €1.1m | ▲ 1,057% |
| Change in cash | - | €4,342 | €605,289 | -€192,877 | -€106,374 | ▲ 44.8% |
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
2024
16-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €1.3m ▲618%
Net result €1.3m, the highest in the series.
30-09
Financial
Liquidity times 8current ratio 26.99
Current ratio from 3.25 to 26.99; short-term debt falls from €311,462 to €110,724.
30-09
Financial
Equity above €2mEq €3.2m ▲67%
6 profitable years in a row build equity to €3.2m.
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Weakest financial yearnet €153,909 ▼57%
Net result drops to €153,909, the lowest in the series.
14-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
15-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
27-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2023 list no shareholders, and no other source names one.
Holdings 1
-
99.9%
According to the annual accounts to 30-09-2023 of PHI-INVEST and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
254900B33FO3C47VVN80