PHICOU
ActiveSummary
The computed 12-month bankruptcy probability of PHICOU is 1.6% (moderate). The 2025 annual accounts show equity of €16,123 and a net result of €40,617. Equity is growing by ~56.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 663 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 4 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 2,155 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,155 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €11,597 | €4,069 | €4,484 | €5,675 | ▲ 26.6% |
| Remuneration, social security and pensions62 | €308,332 | €319,845 | €315,780 | €312,595 | ▼ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78,072 | €75,712 | €76,095 | €75,804 | ▼ 0.4% |
| Other operating charges640/8 | €3,309 | €2,688 | €1,170 | €4,009 | ▲ 243% |
| Non-recurring operating charges66A | €8,233 | €4,917 | €7,940 | €1,365 | ▼ 82.8% |
| Gross operating margin9900 | €313,725 | €433,076 | €394,747 | €441,896 | ▲ 11.9% |
| Operating profit (loss)9901 | -€84,221 | €29,913 | -€6,238 | €48,122 | ▲ 871% |
| Financial income75/76B | - | €1 | - | - | - |
| Recurring financial income75 | - | €1 | - | - | - |
| Financial charges65/66B | €9,719 | €6,989 | €6,629 | €8,307 | ▲ 25.3% |
| Recurring financial charges65 | €9,719 | €6,989 | €6,629 | €8,307 | ▲ 25.3% |
| Profit (loss) for the period before taxes9903 | -€93,940 | €22,925 | -€12,867 | €39,814 | ▲ 409% |
| Income taxes67/77 | €500 | €12,658 | -€11,046 | -€803 | ▲ 92.7% |
| Profit (loss) for the period9904 | -€94,440 | €10,266 | -€1,821 | €40,617 | ▲ 2,331% |
| Profit (loss) for the period to be appropriated9905 | -€94,440 | €10,266 | -€1,821 | €40,617 | ▲ 2,331% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €766,309 | €684,107 | €641,771 | €556,160 | ▼ 13.3% |
| Formation expenses20 | €32,494 | €24,227 | €15,959 | €7,692 | ▼ 51.8% |
| Fixed assets21/28 | €660,452 | €597,415 | €529,587 | €460,907 | ▼ 13.0% |
| Tangible fixed assets22/27 | €660,452 | €597,415 | €529,587 | €460,907 | ▼ 13.0% |
| Plant, machinery and equipment23 | €106,438 | €92,851 | €74,473 | €55,242 | ▼ 25.8% |
| Furniture and vehicles24 | €31,148 | €25,881 | €20,614 | €15,347 | ▼ 25.6% |
| Other tangible fixed assets26 | €522,865 | €478,682 | €434,500 | €390,317 | ▼ 10.2% |
| Current assets29/58 | €73,364 | €62,466 | €96,225 | €87,561 | ▼ 9.0% |
| Stocks and contracts in progress3 | €10,163 | €14,299 | €10,781 | €12,699 | ▲ 17.8% |
| Stocks30/36 | €10,163 | €14,299 | €10,781 | €12,699 | ▲ 17.8% |
| Amounts receivable within one year40/41 | €36,378 | €17,721 | €51,299 | €46,115 | ▼ 10.1% |
| Trade receivables40 | €14,871 | €12,810 | €34,269 | €34,755 | ▲ 1.4% |
| Other amounts receivable41 | €21,507 | €4,910 | €17,030 | €11,360 | ▼ 33.3% |
| Cash at bank and in hand54/58 | €25,374 | €29,915 | €28,917 | €24,236 | ▼ 16.2% |
| Deferred charges and accrued income490/1 | €1,449 | €532 | €5,228 | €4,511 | ▼ 13.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €766,309 | €684,107 | €641,771 | €556,160 | ▼ 13.3% |
| Equity10/15 | -€32,940 | -€22,674 | -€24,495 | €16,123 | ▲ 166% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | - | €514 | €514 | €6,150 | ▲ 1,096% |
| Non-distributable reserves130/1 | - | €514 | €514 | €6,150 | ▲ 1,096% |
| Legal reserve130 | - | €514 | €514 | €6,150 | ▲ 1,096% |
| Profit (loss) carried forward14 | -€94,440 | -€84,688 | -€86,509 | -€51,527 | ▲ 40.4% |
| Amounts payable17/49 | €799,250 | €706,781 | €666,266 | €540,037 | ▼ 18.9% |
| Amounts payable after more than one year17 | €396,971 | €314,601 | €143,212 | €147,945 | ▲ 3.3% |
| Financial debts170/4 | €396,971 | €314,601 | €143,212 | €147,945 | ▲ 3.3% |
| Amounts payable within one year42/48 | €400,318 | €391,545 | €522,245 | €390,860 | ▼ 25.2% |
| Current portion of amounts payable after more than one year42 | €81,738 | €82,370 | €171,389 | €83,649 | ▼ 51.2% |
| Financial debts43 | €25,698 | €10,960 | - | - | - |
| Credit institutions430/8 | €25,698 | €10,960 | - | - | - |
| Trade debts44 | €127,339 | €75,849 | €74,922 | €61,366 | ▼ 18.1% |
| Suppliers440/4 | €127,339 | €75,849 | €74,922 | €61,366 | ▼ 18.1% |
| Taxes, remuneration and social security45 | €47,662 | €73,322 | €33,477 | €42,754 | ▲ 27.7% |
| Taxes450/3 | €3,171 | €17,757 | - | €4,425 | - |
| Remuneration and social security454/9 | €44,491 | €55,565 | €33,477 | €38,329 | ▲ 14.5% |
| Other amounts payable47/48 | €117,881 | €149,043 | €242,458 | €203,091 | ▼ 16.2% |
| Accrued charges and deferred income492/3 | €1,961 | €636 | €808 | €1,232 | ▲ 52.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€94,440 | €10,266 | -€1,821 | €40,617 | ▲ 2,331% |
| + Depreciation and write-downs630 | €78,072 | €75,712 | €76,095 | €75,804 | ▼ 0.4% |
| Operating cash flow (approximation) | -€16,369 | €85,979 | €74,274 | €116,422 | ▲ 56.7% |
| Investment in fixed assets (approximation) | - | -€12,675 | -€8,267 | -€7,124 | ▲ 13.8% |
| Change in cash | - | €4,541 | -€998 | -€4,680 | ▼ 369% |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
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.
Place de St Symphorien 247030 Mons1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52014B0067/00L005 | Wallonia | 550 m² | 1 · 6 m² | 2.1 m · 1 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 ownerChain of control
- TRADITIONAL BREAD BELGIUM
- PHICOU
Highest known parent: TRADITIONAL BREAD BELGIUM. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
Food safety, FASFC
1 site · 1 with a smileyLegal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.