PHIBA

Active

Public limited companyfounded 1993active for 33 yearsKortrijkstraat 220-224, 8930 Menen, BelgiumKBO/BCE: BE 0450.697.929

Summary

PHIBA has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,232 and a net result of -€365,768. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 557 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow Report Compare

PHIBAActiveChecked score 67/100

Risk analysis Report Compare

Activity

Raising of horses and other equines

NACE 01430Operation of sports facilities NACE 93110

2 sites

Size

€230,405turnover 2025

Staff: 2.9 FTE
Equity: €35,232
Loss: -€365,768

Financial health

67 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.6%

Structure

Board: 7 members
Holdings: 1

2025 accounts 4 days early3 of 11 deeds summarised

Why 67raises riskLiquidity: current ratio 1.01, cash €46,563Equity €35,232 (0.4% of total assets)Loss of €365,768 (financial year 2025)lowers riskSize: turnover €230,405, 2.9 FTE, total assets €8.4mShow the evidence

Checked score

Score 2025

67 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 10% of its sector peers (NACE 01, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2025

Weak

Solvency 25-5

equity 0.4% of total assets

Liquidity 1=

short-term debt 96.2% · cash 0.6%

Profitability 9-89

return on assets -4.3%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (5,688 companies, NACE 01, micro)

Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.8%▲ +0.2 percentage points vs 12-2024 02-2025: 1.2%▲ +0.4 percentage points vs 01-2025highest value 03-2025: 0.4%▼ -0.8 percentage points vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.5%▲ +0.1 percentage points vs 09-2025 11-2025: 0.4%▼ -0.1 percentage points vs 10-2025 12-2025: 0.5%▲ +0.1 percentage points vs 11-2025 01-2026: 0.7%▲ +0.2 percentage points vs 12-2025 02-2026: 1.1%▲ +0.4 percentage points vs 01-2026 03-2026: 0.4%▼ -0.7 percentage points vs 02-2026lowest value 04-2026: 0.4%● unchanged vs 03-2026lowest value 05-2026: 0.4%● unchanged vs 04-2026lowest value 06-2026: 0.4%● unchanged vs 05-2026lowest value 07-2026: 0.4%● unchanged vs 06-2026lowest value 08-2026: 0.6%▲ +0.2 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026

Credit of up to €2,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.01, below the usual 1.5; short-term debt: 96.2% and cash: 0.6% of total assets), and 99.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro): better than 16% on solvency, 3% on liquidity and 11% on profitability.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Liquidity: current ratio 1.01, cash €46,563

NBB · annual accounts

Equity €35,232 (0.4% of total assets)

NBB · annual accounts

Size: turnover €230,405, 2.9 FTE, total assets €8.4m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Loss of €365,768 (financial year 2025)

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 557 sector peers (2025).

NBB · sector comparison

Position among 557 sector peers

Solvency

better than 9%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

4 days early

2025

16 days late

2024

4 days late

2023

on the day

2022

1 day early

2021

on the day

2020

3 days 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 2 days after the deadline; the sector median (NACE 01) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

27-07-2026 Annual accounts filedfinancial year 2025 · full…
16-02-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Weakest financial yearnet -€365,768

Key points

Caution: Among the weakest 5% on net resultsector median €61,567 · 556 companies -€365,768 View
Active since 1993founded 09-08-1993 33 years View
Board7 directors in office 7 View

By topic

Financials

Financial year: 2025
Turnover: €230,405
Loss: -€365,768
Solvency: 0.4%

Turnover▼ 92.8%

Net result

20212025

Go to Financials

Board & ownership

Board: 7 members

SENIORIE MINNEVELDDirector
BEHEER FIEBEYDirector
FIEVEZ Bo Gaënne TruiDirector
GABODirector
HELIOPOLISDirector

and 2 other directors

Go to Board & ownership

Network & group

Subsidiaries: 1
Connected companies: 19

1 subsidiary

Go to Network & group

Timeline

Events: 40
Since: 1995

03-10-2025Reappointments: BEHEER FIEBEY, HELIOS and 5 others
04-02-2025Annual accounts filed
31-01-2024Annual accounts filed

Go to Timeline

Company details

Sites: 2

Legal form: Public limited company
Activity: Raising of horses and other equinesNACE 01430
Founded: 09-08-1993
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 14

Annual meeting: First Friday of June at 18:00
Purpose: “Het beheer, het verwerven, de instandhouding en het valoriseren van een onroerend…” (deed in Dutch)

Go to Articles of association

Key facts about PHIBA

What is the company number of PHIBA?: 0450.697.929. In Belgium the VAT number is the company number with BE in front: BE 0450.697.929.
Where is PHIBA based?: The registered office is at Kortrijkstraat 220-224, 8930 Menen.Company details
What does PHIBA do?: According to the KBO register, the main activity is raising of horses and other equines (NACE 01430).
What is the legal form of PHIBA?: Public limited company (NV).
When was PHIBA founded?: On 09-08-1993.
Is PHIBA still active?: Yes, PHIBA is an active enterprise in the KBO register.
How many employees does PHIBA have?: On average 2.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PHIBA?: €230,405 in financial year 2025, according to the filed annual accounts.
Is PHIBA profitable?: In financial year 2025, PHIBA made a loss of €365,768.
Where can I find the annual accounts of PHIBA?: PHIBA filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.