Summary
PHICRO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.3m and a net result of €251,405. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 5565 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 15-04-2026, 107 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
107 d early
2024
132 d early
2023
62 d early
2022
98 d early
2021
40 d early
2020
106 d early
2019
13 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 76 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.3m▲ 23.7%
2024 · €1.1m
Net result
€251,405▼ 14.0%
2024 · €292,409
Total assets
€4.6m▼ 4.2%
2024 · €4.8m
Solvency
28.7%▲ 6.5pp
2024 · 22.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€160,608▼ 41.8%€157,825▼ 1.7%€428,610▲ 172%€598,420▲ 39.6%€521,077▼ 12.9%
Net result€60,615within the sector's middle half▼ 57.6%€54,923within the sector's middle half▼ 9.4%€178,235within the sector's middle half▲ 225%€292,409above the sector's middle half▲ 64.1%€251,405above the sector's middle half▼ 14.0%
Equity€537,090within the sector's middle half▲ 6.9%€592,013within the sector's middle half▲ 10.2%€770,247within the sector's middle half▲ 30.1%€1.1mwithin the sector's middle half▲ 38.0%€1.3mwithin the sector's middle half▲ 23.7%
Total assets€2.9mwithin the sector's middle half▼ 32.5%€3.1mwithin the sector's middle half▲ 5.5%€4.7mabove the sector's middle half▲ 53.5%€4.8mabove the sector's middle half▲ 1.2%€4.6mabove the sector's middle half▼ 4.2%
Debt€2.4m▼ 37.7%€2.5m▲ 4.5%€4.0m▲ 59.0%€3.7m▼ 6.0%€3.3m▼ 12.1%
Working capital-€289,215▲ 77.1%-€325,637▼ 12.6%-€495,233▼ 52.1%-€342,732▲ 30.8%-€220,796▲ 35.6%
Solvency18.4%below the sector's middle half▲ 6.8pp19.2%below the sector's middle half▲ 0.8pp16.3%below the sector's middle half▼ 2.9pp22.2%below the sector's middle half▲ 5.9pp28.7%within the sector's middle half▲ 6.5pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.6m
Fixed assets
€4.2m ▼ 3.8%
Current assets
€362,794 ▼ 8.3%
Equity and liabilities €4.6m
Equity
€1.3m ▲ 23.7%
Debt
€3.3m ▼ 12.1%
Debt's share of the balance-sheet total falls from 77.8% to 71.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
19.1%▼
2024 · 27.5%
ROA
5.5%▼
2024 · 6.1%
Debt ≤ 1 year
€583,590▼
2024 · €738,545
Debt > 1 year
€2.7m▼
2024 · €3.0m
Income taxes
€159,567▼
2024 · €174,985
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | €120,851 | €19,375 | ▼ 84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148,957 | €190,166 | €151,834 | €160,607 | €166,886 | ▲ 3.9% |
| Other operating charges640/8 | €5,287 | €5,788 | €7,084 | €15,412 | €6,803 | ▼ 55.9% |
| Gross operating margin9900 | €314,852 | €353,780 | €587,528 | €774,438 | €694,766 | ▼ 10.3% |
| Operating profit (loss)9901 | €160,608 | €157,825 | €428,610 | €598,420 | €521,077 | ▼ 12.9% |
| Financial income75/76B | €256 | €1,664 | €1,450 | €2,124 | €3,924 | ▲ 84.8% |
| Recurring financial income75 | €256 | €1,664 | €1,450 | €2,124 | €3,924 | ▲ 84.8% |
| Financial charges65/66B | €39,167 | €39,557 | €129,820 | €133,150 | €114,029 | ▼ 14.4% |
| Recurring financial charges65 | €39,167 | €39,557 | €129,820 | €133,150 | €114,029 | ▼ 14.4% |
| Profit (loss) for the period before taxes9903 | €121,698 | €119,932 | €300,240 | €467,394 | €410,972 | ▼ 12.1% |
| Income taxes67/77 | €61,083 | €65,009 | €122,006 | €174,985 | €159,567 | ▼ 8.8% |
| Profit (loss) for the period9904 | €60,615 | €54,923 | €178,235 | €292,409 | €251,405 | ▼ 14.0% |
| Profit (loss) for the period to be appropriated9905 | €60,615 | €54,923 | €178,235 | €292,409 | €251,405 | ▼ 14.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €3.1m | €4.7m | €4.8m | €4.6m | ▼ 4.2% |
| Fixed assets21/28 | €2.7m | €2.9m | €4.5m | €4.4m | €4.2m | ▼ 3.8% |
| Intangible fixed assets21 | €1.2m | €1.0m | €913,742 | €783,207 | €652,673 | ▼ 16.7% |
| Tangible fixed assets22/27 | €111,731 | €492,099 | €470,799 | €474,622 | €438,270 | ▼ 7.7% |
| Land and buildings22 | €110,069 | €490,937 | €470,137 | €386,937 | €370,937 | ▼ 4.1% |
| Furniture and vehicles24 | €0 | - | - | €87,685 | €67,333 | ▼ 23.2% |
| Other tangible fixed assets26 | €1,662 | €1,162 | €662 | €0 | - | - |
| Financial fixed assets28 | €1.4m | €1.4m | €3.1m | €3.1m | €3.1m | = |
| Current assets29/58 | €254,790 | €166,811 | €213,371 | €395,814 | €362,794 | ▼ 8.3% |
| Amounts receivable within one year40/41 | €120,256 | €96,043 | €166,961 | €284,495 | €167,075 | ▼ 41.3% |
| Trade receivables40 | - | €24,200 | €78,650 | €121,000 | €139,150 | ▲ 15.0% |
| Other amounts receivable41 | €120,256 | €71,843 | €88,311 | €163,495 | €27,925 | ▼ 82.9% |
| Cash at bank and in hand54/58 | €130,465 | €67,668 | €43,457 | €108,569 | €194,000 | ▲ 78.7% |
| Deferred charges and accrued income490/1 | €4,069 | €3,100 | €2,954 | €2,749 | €1,718 | ▼ 37.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €3.1m | €4.7m | €4.8m | €4.6m | ▼ 4.2% |
| Equity10/15 | €537,090 | €592,013 | €770,247 | €1.1m | €1.3m | ▲ 23.7% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €517,090 | €572,013 | €750,247 | €1.0m | €1.3m | ▲ 24.1% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €517,090 | €572,013 | €750,247 | €1.0m | €1.3m | ▲ 24.1% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | - | - |
| Amounts payable17/49 | €2.4m | €2.5m | €4.0m | €3.7m | €3.3m | ▼ 12.1% |
| Amounts payable after more than one year17 | €1.8m | €2.0m | €3.2m | €3.0m | €2.7m | ▼ 9.9% |
| Financial debts170/4 | €1.8m | €2.0m | €2.3m | €2.1m | €1.8m | ▼ 14.3% |
| Other amounts payable178/9 | - | - | €915,500 | €915,500 | €915,500 | = |
| Amounts payable within one year42/48 | €544,005 | €492,448 | €708,604 | €738,545 | €583,590 | ▼ 21.0% |
| Current portion of amounts payable after more than one year42 | €208,114 | €226,031 | €299,041 | €301,573 | €296,355 | ▼ 1.7% |
| Financial debts43 | €12,577 | €22,583 | €42,966 | €56,576 | €40,751 | ▼ 28.0% |
| Credit institutions430/8 | €12,577 | €22,583 | €42,966 | €32,875 | €0 | ▼ 100% |
| Other loans439 | - | - | - | €23,701 | €40,751 | ▲ 71.9% |
| Trade debts44 | €9,891 | €1,763 | €850 | €1,358 | €2,663 | ▲ 96.1% |
| Suppliers440/4 | €9,891 | €1,763 | €850 | €1,358 | €2,663 | ▲ 96.1% |
| Taxes, remuneration and social security45 | €99,114 | €34,963 | €47,845 | €57,888 | €54,059 | ▼ 6.6% |
| Taxes450/3 | €99,114 | €34,963 | €47,845 | €57,888 | €54,059 | ▼ 6.6% |
| Other amounts payable47/48 | €214,309 | €207,108 | €317,902 | €321,150 | €189,761 | ▼ 40.9% |
| Accrued charges and deferred income492/3 | €288 | €288 | €288 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,615 | €54,923 | €178,235 | €292,409 | €251,405 | ▼ 14.0% |
| + Depreciation and write-downs630 | €148,957 | €190,166 | €151,834 | €160,607 | €166,886 | ▲ 3.9% |
| Operating cash flow (approximation) | €209,572 | €245,089 | €330,069 | €453,016 | €418,291 | ▼ 7.7% |
| Investment in fixed assets (approximation) | - | -€440,000 | -€1.8m | -€33,895 | €0 | ▲ 100% |
| Change in cash | - | -€62,797 | -€24,211 | €65,113 | €85,431 | ▲ 31.2% |
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
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €292,409 ▲64.1%
Operating result €598,420, net result €292,409, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲38%
7 profitable years in a row build equity to €1.1m.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500,000Eq €502,220 ▲22.9%
3 profitable years in a row build equity to €502,220.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
31-12
Financial
Weakest financial yearnet €37,964 ▼1.9%
Net result drops to €37,964, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Maasmechelen · 1 establishment unit since 2009
Ground area
3,864 m²
Building footprint
141 m²
Volume, LiDAR
144 m³
2 parcels, Flanders · tallest building 8.9 m. Linked by address, not a title deed.
1 establishment unit
PHICRO
since 20092.183.888.880
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73060A0129/00A000 | Flanders | 3,251 m² | - | - |
| 73008A1254/00G000 | Flanders | 613 m² | 1 · 141 m² | 8.9 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
3 holdings · 3 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
100%
-
0.13%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Apotheek Pauwengraaf 100%
INTER FARMA INVEST 100%1 subsidiary
- APOTHEEK ANDRÉ DUMONT 99.87%
According to the 2025 annual accounts of PHICRO and those 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 12,076 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821790532
Registered
10-09-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.