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PHIBELRES

Active
Public limited companyfounded 199036 yrs activeRue Haute 44B, 6990 Hotton, BelgiumKBO/BCE: BE 0440.480.364
Summary

PHIBELRES has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.0m) and a net result of €18,323. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 846 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
PHIBELRESActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Hotels and similar accommodation
NACE 55100Hotels NACE 55101
1 site
Size
€393,016total assets 2025
Equity
-€1.0m
Profit
€18,323
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Accounts filed 28 d late0 of 3 deeds read
Why 54Capped at 59: negative equity- Negative equity -€1.0m- Latest accounts 28 days late; 1 of the last 3 late+ Size: total assets €393,016+ Founded in 1990Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 33% of its sector peers (NACE 55, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -262.3% of total assets
Liquidity 1=
short-term debt 124.7% · cash 0.5%
Profitability 75=
return on assets 4.7%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,510 companies)
Last 24 months 11-2024: 1.3% 12-2024: 1.3%● 0.0% vs 11-2024 01-2025: 1.3%● 0.0% vs 12-2024 02-2025: 1.3%● 0.0% vs 01-2025 03-2025: 1.3%● 0.0% vs 02-2025 04-2025: 1.3%▼ -2.2% vs 03-2025 05-2025: 1.2%▼ -4.0% vs 04-2025 06-2025: 1.3%▲ +9.5% vs 05-2025 07-2025: 1.5%▲ +17.1% vs 06-2025 08-2025: 2.0%▲ +32.5% vs 07-2025highest value 09-2025: 0.7%▼ -64.9% vs 08-2025 10-2025: 0.7%● 0.0% vs 09-2025 11-2025: 0.7%● 0.0% vs 10-2025 12-2025: 0.7%● 0.0% vs 11-2025 01-2026: 0.7%● 0.0% vs 12-2025 02-2026: 0.7%▲ +1.7% vs 01-2026 03-2026: 0.7%▼ -1.5% vs 02-2026 04-2026: 0.7%● 0.0% vs 03-2026 05-2026: 0.8%▲ +5.3% vs 04-2026 06-2026: 0.8%▲ +10.1% vs 05-2026 07-2026: 0.9%▲ +11.2% vs 06-2026 08-2026: 1.4%▲ +55.5% vs 07-2026 09-2026: 0.4%▼ -72.0% vs 08-2026lowest value 10-2026: 0.4%● 0.0% vs 09-2026lowest value
  • Size: total assets €393,016 lowers the probability for this profile
  • Founded in 1990 lowers the probability for this profile
  • Negative equity -€1.0m raises the probability
  • Latest accounts 28 days late; 1 of the last 3 late raises the probability
No credit on open account
Liquidity short (current ratio 0.02 against 0.02 in 2024; short-term debt: 124.7% and cash: 0.5% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 55, micro). Better than this share of them on solvency 8%, liquidity 3%, profitability 70%, growth against the median 52%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €393,016
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1990
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Negative equity -€1.0m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Latest accounts 28 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 846 sector peers (2025).
NBB · sector comparison
Position among 846 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filings
Deviation from the deadline
2025
28 d late
2024
29 d late
2023
61 d late
2022
153 d late
2021
30 d late
2020
212 d late
2019
577 d late
← 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 156 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% 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 30 August (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€1.0m View
  • Caution: Among the weakest 5% on solvencysector median 26.8% · 846 companies -262.3% View
  • Positive: 8 profitable years in a rowprofit 2025: €18,323 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€393,016
Profit
€18,323
Solvency
-262.3%
Total assets▼ 7.0%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2018
Next accounts
by 31-07-2027
  1. 28-08-2026Annual accounts filed
  2. 29-08-2025Annual accounts filed
  3. 30-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Hotels and similar accommodationNACE 55100
Founded
03-04-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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