Phiba Technics
ActiveThe computed 12-month bankruptcy probability of Phiba Technics is 1.8% (moderate). The 2025 annual accounts show equity of €100k and a net result of €21k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 27676 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+14
Solvency72▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 3.36 in 2024; short-term debt: 10.6% and cash: 2.9% of total assets), but 53% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 43
higher
← 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
47%
Return on assets
9.9%
Age of the figures
9 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 29-07-2026, 2 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
2 d early
2024
4 d early
2023
1 d early
2022
1 d late
2021
31 d late
2020
122 d late
2019
69 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, micro schema
Turnover
€101k
EBIT margin
-9.0%
Net result
€21k▼ 6.1%
2024 · €22k
2019: €9k
2020: €-348
2021: €-11k
2022: €6k
2023: €28k
2024: €22k
2019 → 2025
Working capital
€26k▼ 44.7%
2024 · €47k
2019: €31k
2020: €19k
2021: €11k
2022: €19k
2023: €100k
2024: €47k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€101k-
Equity€18k-€25k▲ 34.1%€53k▲ 115%€79k▲ 47.8%€100k▲ 26.6%
Operating result€-9k-€11k€44k▲ 318%€31k▼ 30.3%€29k▼ 5.2%
Net result€-11k-€6k€28k▲ 351%€22k▼ 21.6%€21k▼ 6.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212k
Fixed assets
€163k▲ 34.7%
Current assets
€49k▼ 27.7%
Equity and liabilities €212k
Equity
€100k▲ 26.6%
Debt
€112k▲ 2.2%
The debt ratio falls from 58.3% to 53.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39k▼
2024 · €39k
Cash flow
€31k▲
2024 · €31k
Solvency
47.0%▲
2024 · 41.7%
Current ratio
2.16▼
2024 · 3.36
Quick ratio
2.16▼
2024 · 3.36
Debt / equity
1.13▼
2024 · 1.40
ROE
21.0%▼
2024 · 28.4%
ROA
9.9%▼
2024 · 11.8%
Interest coverage
90.14
Debt
€112k▲
2024 · €110k
Debt ≤ 1 year
€22k▲
2024 · €20k
Debt > 1 year
€90k=
2024 · €90k
Income taxes
€8k▼
2024 · €9k
Staff costs
€14k▲
2024 · €14k
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€189k€212k▲
Fixed assets21/28€121k€163k▲
Tangible fixed assets22/27€121k€163k▲
Land and buildings22€110k€156k▲
Plant, machinery and equipment23€11k€6k▼
Furniture and vehicles24€13€1k▲
Current assets29/58€67k€49k▼
Amounts receivable within one year40/41€31k€39k▲
Trade receivables40€19k€27k▲
Other amounts receivable41€12k€12k▼
Cash at bank and in hand54/58€36k€6k▼
Deferred charges and accrued income490/1€304€3k▲
Equity and liabilities
Total equity and liabilities10/49€189k€212k▲
Equity10/15€79k€100k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€58k€79k▲
Amounts payable17/49€110k€112k▲
Amounts payable after more than one year17€90k€90k=
Financial debts170/4€90k€90k=
Amounts payable within one year42/48€20k€22k▲
Trade debts44-€648
Suppliers440/4-€648
Taxes, remuneration and social security45€1k€11k▲
Taxes450/3€1k€11k▲
Other amounts payable47/48€19k€11k▼
Income statement
Code20242025
Remuneration, social security and pensions62€14k€14k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€55k€55k▼
Operating profit (loss)9901€31k€29k▼
Financial income75/76B€425€43▼
Recurring financial income75€425€43▼
Financial charges65/66B-€435
Recurring financial charges65-€435
Profit (loss) for the period before taxes9903€31k€29k▼
Income taxes67/77€9k€8k▼
Profit (loss) for the period9904€22k€21k▼
Profit (loss) for the period to be appropriated9905€22k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€79k▲
Profit (loss) brought forward from the previous period14P€36k€58k▲
The notes to these accounts (6 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €28k ▲351%
Operating result €44k, net result €28k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zonnebeke · 1 establishment unit since 2018
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.
Schipstraat 138980 ZonnebekeGround area
1,066 m²
Building footprint
154 m²
Parcel 33037A0661/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
Phiba Technics
since 20182.281.894.019
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037A0661/00F000 | Flanders | 1,066 m² | 1 · 154 m² | - |
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.
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VERCAIGNE INSTALLATIES
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,816 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-10-2018
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.