PhiCroBe
ActiveThe computed 12-month bankruptcy probability of PhiCroBe is 2.7% (moderate). The 2025 annual accounts show negative equity (€-75k) and a net result of €-25k. Equity is shrinking by ~48.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 1534 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
20
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.78 in 2024; short-term debt: 125.8% and cash: 10% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-153.1%
Return on assets
-51.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-75k
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 20-05-2026, 72 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
72 d early
2024
53 d early
2023
62 d early
2022
59 d early
2021
74 d early
2020
66 d early
2019
36 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-75k▼ 50.4%
2024 · €-50k
2019: €-35k
2020: €-64k
2021: €67k
2022: €12k
2023: €-25k
2024: €-50k
2019 → 2025
Total assets
€49k▼ 60.5%
2024 · €123k
2019: €95k
2020: €74k
2021: €173k
2022: €201k
2023: €161k
2024: €123k
2019 → 2025
Net result
€-25k▼ 3.1%
2024 · €-24k
2019: €-55k
2020: €-29k
2021: €-19k
2022: €-54k
2023: €-38k
2024: €-24k
2019 → 2025
Working capital
€-25k▲ 13.4%
2024 · €-29k
2019: €39k
2020: €-10k
2021: €85k
2022: €81k
2023: €22k
2024: €-29k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€12k▼ 81.7%€-25k€-50k▼ 95.5%€-75k▼ 50.4%
Operating result€-16k-€-51k▼ 222%€-30k▲ 41.6%€-17k▲ 41.7%€-17k▲ 3.6%
Net result€-19k-€-54k▼ 182%€-38k▲ 31.0%€-24k▲ 35.5%€-25k▼ 3.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2025 against €17k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€12k▼ 43.3%
Current assets
€36k▼ 64.2%
Key figures and ratios
EBITDA
€-8k▼
2024 · €-7k
Cash flow
€-16k▼
2024 · €-14k
Solvency
-153.1%▼
2024 · -40.2%
Current ratio
0.59▼
2024 · 0.78
Quick ratio
0.43▲
2024 · 0.38
Debt / equity
-1.65▲
2024 · -3.49
ROA
-51.3%▼
2024 · -19.6%
Interest coverage
-0.95▲
2024 · -1.02
Debt
€123k▼
2024 · €173k
Debt ≤ 1 year
€61k▼
2024 · €130k
Debt > 1 year
€62k▲
2024 · €43k
Staff costs
€4k▲
2024 · €159
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€123k€49k▼
Formation expenses20€1k€506▼
Fixed assets21/28€21k€12k▼
Intangible fixed assets21€15k€8k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€102€0▼
Financial fixed assets28€3k€3k▼
Current assets29/58€101k€36k▼
Stocks and contracts in progress3€52k€10k▼
Stocks30/36€52k€10k▼
Amounts receivable within one year40/41€37k€21k▼
Trade receivables40€32k€20k▼
Other amounts receivable41€5k€1k▼
Cash at bank and in hand54/58€10k€5k▼
Deferred charges and accrued income490/1€2k€498▼
Equity and liabilities
Total equity and liabilities10/49€123k€49k▼
Equity10/15€-50k€-75k▼
Contributions10/11€170k€170k=
Profit (loss) carried forward14€-220k€-245k▼
Amounts payable17/49€173k€123k▼
Amounts payable after more than one year17€43k€62k▲
Financial debts170/4€43k€22k▼
Other amounts payable178/9-€40k
Amounts payable within one year42/48€130k€61k▼
Current portion of amounts payable after more than one year42€37k€21k▼
Trade debts44€21k€4k▼
Suppliers440/4€21k€4k▼
Taxes, remuneration and social security45€714€811▲
Taxes450/3€714€811▲
Other amounts payable47/48€71k€35k▼
Accrued charges and deferred income492/3€4-
Income statement
Code20242025
Remuneration, social security and pensions62€159€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€9k▼
Other operating charges640/8€178€399▲
Gross operating margin9900€-7k€-4k▲
Operating profit (loss)9901€-17k€-17k▲
Financial income75/76B€130€201▲
Recurring financial income75€130€201▲
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€-24k€-25k▼
Profit (loss) for the period9904€-24k€-25k▼
Profit (loss) for the period to be appropriated9905€-24k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-220k€-245k▼
Profit (loss) brought forward from the previous period14P€-195k€-220k▼
The notes to these accounts (13 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
31-07
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointmentsGeneral meeting · Share issue · Bank account13 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointments
General meeting · Share issue · Bank account13 facts ▸
- General meeting, 15 juillet 2026
- Share issue, 85500, 190.000 €
- Bank account, BNP Paribas Fortis, 190.000 €
- Capital
- Statutes amendment, 5
- Statutes amendment, 9
- Statutes amendment, 10-14
- Statutes amendment, 18 § 6
- Statutes amendment, 25
- Director reappointment, PhiCroBe (administrateurs)
- Director appointment, LIMBOURG Philippe (Président du Conseil d'administration)
- Director appointment, NOEL de BURLIN Bernard (délégué à la gestion journalière)
- +1 further facts in this act
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 2.94
Current ratio from 0.81 to 2.94; short-term debt falls from €51k to €44k.
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
LIMBOURG Philippe
CurrentPrésident du conseil d'administration · since 15-07-2026
NOEL de BURLIN Bernard
CurrentDaily management delegate · since 15-07-2026
15-07-2026
LIMBOURG Philippe: Appointed as Président du conseil d'administration
15-07-2026
NOEL de BURLIN Bernard: Appointed as Daily management delegate
Location & real-estate footprint
Registered office, Eghezée · 2 establishment units 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.
Rue de la Maladrie,Liernu 15310 EghezéeGround area
1,913 m²
Building footprint
219 m²
Volume, LiDAR
523 m³
2 parcels, Brussels, Wallonia · tallest building 12.3 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Rue de la Maladrie,Liernu 1, 5310 Eghezée
since 20182.276.544.072
PhiCroBe
since 20222.331.026.301
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92073B0203/00R000 | Wallonia | 1,173 m² | 1 · 93 m² | - |
| 21910A0398/00D002 | Brussels | 739 m² | 1 · 126 m² | 12.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEghezée2.276.544.072
Similar companies · same sector, comparable size
Alldays Foods
BE 0789.670.961
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NUTRAMIX MANUFACTURING
BE 1010.510.861
Waregem · Eq €10k
OLIVER-FOOD
BE 0835.878.692
Herstal · Eq €10k
GIMMY Vitamins
BE 0785.985.060
Kruisem · Eq €10k
DELIXIR
BE 0500.586.217
Brussel · Eq €10k
Of 395 companies in sector 10890 we hold annual accounts for 225. 86 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-05-2018
Fiscal year end31-12
Activities, NACEBEL
10391Manufacture of food products
10890Manufacture of food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:jcduplat@gmail.com
Phone:+32495800177