PHIBOTI
ActiveSummary
The computed 12-month bankruptcy probability of PHIBOTI is 1.8% (moderate). The 2024 annual accounts show equity of €117,176 and a net result of €15,641. Equity is shrinking by ~8.1% per year across the filed fiscal years. The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+5
Solvency48▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.01 in 2023; short-term debt: 77% and cash: 1.2% of total assets), and 77% 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
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23%
Return on assets
3.1%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €117,176
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
50 d early
2023
34 d early
2022
24 d early
2021
61 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 2 days after 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 (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 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€117,176▲ 15.4%
2023 · €101,535
Total assets
€509,467▼ 3.8%
2023 · €529,812
Net result
€15,641
2023 · -€4,247
Working capital
-€381,091▲ 10.2%
2023 · -€424,588
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
Line20202021202220232024
Operating result-€15,696▼ 88.9%-€16,041▼ 2.2%-€7,949▲ 50.4%-€3,905▲ 50.9%€16,026
Net result-€15,964▼ 86.2%-€16,463▼ 3.1%-€8,391▲ 49.0%-€4,247▲ 49.4%€15,641
Equity€130,636▼ 10.9%€114,173▼ 12.6%€105,782▼ 7.3%€101,535▼ 4.0%€117,176▲ 15.4%
Total assets€619,800▼ 2.7%€602,874▼ 2.7%€607,122▲ 0.7%€529,812▼ 12.7%€509,467▼ 3.8%
Debt€489,165▼ 0.3%€488,701▼ 0.1%€501,339▲ 2.6%€428,277▼ 14.6%€392,290▼ 8.4%
Working capital-€461,419▲ 3.4%-€445,527▲ 3.4%-€423,271▲ 5.0%-€424,588▼ 0.3%-€381,091▲ 10.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €16,026 after a loss of €3,905 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €509,467
Fixed assets
€498,268 ▼ 5.3%
Current assets
€11,199 ▲ 204%
Equity and liabilities €509,467
Equity
€117,176 ▲ 15.4%
Debt
€392,290 ▼ 8.4%
Debt's share of the balance-sheet total falls from 80.8% to 77.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43,882▲
2023 · €24,575
Cash flow
€43,497▲
2023 · €24,234
Current ratio
0.03▲
2023 · 0.01
Debt to equity
3.35▼
2023 · 4.22
ROE
13.3%▲
2023 · -4.2%
ROA
3.1%▲
2023 · -0.8%
Interest coverage
108.69▲
2023 · 58.88
Debt ≤ 1 year
€392,290▼
2023 · €428,277
Income taxes
€8▼
2023 · €33
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 4,681 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,354 | €32,354 | €27,385 | €28,480 | €27,856 | ▼ 2.2% |
| Other operating charges640/8 | - | €7,926 | €8,236 | €8,945 | €9,335 | ▲ 4.4% |
| Gross operating margin9900 | €24,802 | €24,239 | €27,671 | €33,520 | €53,217 | ▲ 58.8% |
| Operating profit (loss)9901 | -€15,696 | -€16,041 | -€7,949 | -€3,905 | €16,026 | ▲ 510% |
| Financial income75/76B | - | - | €3 | €109 | €26 | ▼ 75.8% |
| Recurring financial income75 | €0 | - | €3 | €109 | €26 | ▼ 75.8% |
| Financial charges65/66B | - | €422 | €445 | €417 | €404 | ▼ 3.3% |
| Recurring financial charges65 | €269 | €422 | €445 | €417 | €404 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | -€15,964 | -€16,463 | -€8,391 | -€4,214 | €15,649 | ▲ 471% |
| Income taxes67/77 | €0 | - | - | €33 | €8 | ▼ 75.8% |
| Profit (loss) for the period9904 | -€15,964 | -€16,463 | -€8,391 | -€4,247 | €15,641 | ▲ 468% |
| Profit (loss) for the period to be appropriated9905 | -€15,964 | -€16,463 | -€8,391 | -€4,247 | €15,641 | ▲ 468% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €619,800 | €602,874 | €607,122 | €529,812 | €509,467 | ▼ 3.8% |
| Fixed assets21/28 | €592,055 | €559,700 | €534,053 | €526,123 | €498,268 | ▼ 5.3% |
| Tangible fixed assets22/27 | €592,055 | €559,700 | €534,053 | €526,123 | €498,268 | ▼ 5.3% |
| Land and buildings22 | - | €543,333 | €519,757 | €496,181 | €472,606 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | €16,367 | €14,296 | €29,942 | €25,662 | ▼ 14.3% |
| Current assets29/58 | €27,746 | €43,174 | €73,069 | €3,689 | €11,199 | ▲ 204% |
| Amounts receivable within one year40/41 | €985 | €985 | €8,485 | €985 | €985 | = |
| Trade receivables40 | - | - | €7,500 | - | - | - |
| Other amounts receivable41 | - | €985 | €985 | €985 | €985 | = |
| Cash at bank and in hand54/58 | €26,761 | €42,189 | €62,352 | €1,304 | €6,014 | ▲ 361% |
| Deferred charges and accrued income490/1 | - | - | €2,232 | €1,400 | €4,200 | ▲ 200% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €619,800 | €602,874 | €607,122 | €529,812 | €509,467 | ▼ 3.8% |
| Equity10/15 | €130,636 | €114,173 | €105,782 | €101,535 | €117,176 | ▲ 15.4% |
| Contributions10/11 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Capital10 | - | €180,000 | €180,000 | - | - | - |
| Issued capital100 | - | €180,000 | €180,000 | - | - | - |
| Profit (loss) carried forward14 | -€49,364 | -€65,827 | -€74,218 | -€78,465 | -€62,824 | ▲ 19.9% |
| Amounts payable17/49 | €489,165 | €488,701 | €501,339 | €428,277 | €392,290 | ▼ 8.4% |
| Amounts payable within one year42/48 | €489,165 | €488,701 | €496,339 | €428,277 | €392,290 | ▼ 8.4% |
| Trade debts44 | €3,850 | €3,386 | €9,086 | €7,374 | €387 | ▼ 94.7% |
| Suppliers440/4 | - | €3,386 | €9,086 | €7,374 | €387 | ▼ 94.7% |
| Other amounts payable47/48 | - | €485,315 | €487,253 | €420,903 | €391,903 | ▼ 6.9% |
| Accrued charges and deferred income492/3 | - | - | €5,000 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,964 | -€16,463 | -€8,391 | -€4,247 | €15,641 | ▲ 468% |
| + Depreciation and write-downs630 | €32,354 | €32,354 | €27,385 | €28,480 | €27,856 | ▼ 2.2% |
| Operating cash flow (approximation) | €16,390 | €15,892 | €18,994 | €24,234 | €43,497 | ▲ 79.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1,737 | -€20,551 | €0 | ▲ 100% |
| Change in cash | - | €15,428 | €20,163 | -€61,048 | €4,710 | ▲ 108% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15,641
Net result €15,641 after 6 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet -€16,463
Net result drops to -€16,463, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
12-06
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Brussel
Ground area
643 m²
Building footprint
326 m²
Volume, LiDAR
6,216 m³
Parcel 21807G0087/00H000, Brussels · tallest building 31.4 m, ±9 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0087/00H000 | Brussels | 643 m² | 1 · 326 m² | 31.4 m · 9 fl. |
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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-01-2006
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878929272
Also
9925:BE0878929272
Registered
13-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.