PHIDJI
ActiveSummary
PHIDJI has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€77,843) and a net result of €14,717. Equity is shrinking by ~25.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 2026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+50
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.6 against 0.76 in 2024; short-term debt: 50.6% and cash: 2.6% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-536.9%
Return on assets
101.5%
Age of the figures
15 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2026 sector peers (2025).
NBB · sector comparisonPosition among 2026 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-01-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
25 d early
2023
5 d early
2022
33 d early
2021
24 d early
2020
47 d early
2019
28 d early
← 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 27 days before the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 6 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
On 28 February 2011, PHIDJI was incorporated.1 In 2026 the registered office moved to Mont-Saint-Guibert.2 Catherine DELCHEVALERIE has served as director of the company since 2026.2 Total assets went from EUR 22,391 in 2019 to EUR 14,498 in 2025 and headcount from 0.4 full-time equivalents in 2021 to 1 in 2024.3
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Financials · fiscal year 2025, micro schema
Equity
-€77,843▲ 15.9%
2024 · -€92,560
Total assets
€14,498▼ 51.4%
2024 · €29,849
Net result
€14,717
2024 · -€7,057
Working capital
€4,422
2024 · -€8,961
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, 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-€14,137-€19,530▼ 38.1%-€34,669▼ 77.5%-€215▲ 99.4%€3,918
Net result-€13,455below the sector's middle half-€20,133below the sector's middle half▼ 49.6%-€33,306below the sector's middle half▼ 65.4%-€7,057below the sector's middle half▲ 78.8%€14,717within the sector's middle half
Equity-€32,064below the sector's middle half▼ 72.3%-€52,197below the sector's middle half▼ 62.8%-€85,503below the sector's middle half▼ 63.8%-€92,560below the sector's middle half▼ 8.3%-€77,843below the sector's middle half▲ 15.9%
Total assets€42,931below the sector's middle half▲ 225%€36,051below the sector's middle half▼ 16.0%€27,377below the sector's middle half▼ 24.1%€29,849below the sector's middle half▲ 9.0%€14,498below the sector's middle half▼ 51.4%
Debt€74,995▲ 136%€88,248▲ 17.7%€112,880▲ 27.9%€122,409▲ 8.4%€92,341▼ 24.6%
Working capital€6,356within the sector's middle half-€15,800below the sector's middle half-€12,634below the sector's middle half▲ 20.0%-€8,961below the sector's middle half▲ 29.1%€4,422within the sector's middle half
Solvency-74.7%below the sector's middle half▲ 66.2pp-144.8%below the sector's middle half▼ 70.1pp-312.3%below the sector's middle half▼ 167.5pp-310.1%below the sector's middle half▲ 2.2pp-536.9%below the sector's middle half▼ 226.8pp
Current ratio1.44within the sector's middle half▲ 0.880.44below the sector's middle half▼ 0.990.54below the sector's middle half▲ 0.100.76below the sector's middle half▲ 0.221.60within the sector's middle half▲ 0.84
Return on assets (ROA)-31.3%below the sector's middle half▼ 51.0pp-55.8%below the sector's middle half▼ 24.5pp-121.7%below the sector's middle half▼ 65.8pp-23.6%below the sector's middle half▲ 98.0pp101.5%above the sector's middle half▲ 125.2pp
Staff (FTE)0.41▲ 150%1=1=
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
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 2025: €3,918 after a loss of €215 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14,498
Fixed assets
€2,735 ▲ 95.2%
Current assets
€11,763 ▼ 58.7%
Key figures and ratios
EBITDA
€5,281▼
2024 · €10,435
Cash flow
€16,080▲
2024 · €3,593
Debt to equity
-1.19▲
2024 · -1.32
Interest coverage
7.32▼
2024 · 11.99
Debt ≤ 1 year
€7,341▼
2024 · €37,409
Debt > 1 year
€85,000=
2024 · €85,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,662 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 3,640 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €15,634 | €16,815 | €6,362 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,656 | €10,310 | €11,072 | €10,650 | €1,363 | ▼ 87.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,454 | - | €165 | - |
| Other operating charges640/8 | - | €1,698 | €1,107 | €1,285 | €1,843 | ▲ 43.4% |
| Gross operating margin9900 | €2,204 | €8,112 | -€3,221 | €18,082 | €7,289 | ▼ 59.7% |
| Operating profit (loss)9901 | -€14,137 | -€19,530 | -€34,669 | -€215 | €3,918 | ▲ 1,922% |
| Financial income75/76B | - | - | €2,121 | €1 | €11,520 | ▲ 1,151,900% |
| Recurring financial income75 | €22 | - | €42 | €1 | €11,520 | ▲ 1,151,900% |
| Non-recurring financial income76B | - | - | €2,079 | - | €11,520 | - |
| Financial charges65/66B | - | €603 | €758 | €6,843 | €721 | ▼ 89.5% |
| Recurring financial charges65 | €476 | €603 | €758 | €870 | €721 | ▼ 17.1% |
| Non-recurring financial charges66B | - | - | - | €5,973 | - | - |
| Profit (loss) for the period before taxes9903 | -€13,455 | -€20,133 | -€33,306 | -€7,057 | €14,717 | ▲ 309% |
| Profit (loss) for the period9904 | -€13,455 | -€20,133 | -€33,306 | -€7,057 | €14,717 | ▲ 309% |
| Profit (loss) for the period to be appropriated9905 | -€13,455 | -€20,133 | -€33,306 | -€7,057 | €14,717 | ▲ 309% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,931 | €36,051 | €27,377 | €29,849 | €14,498 | ▼ 51.4% |
| Fixed assets21/28 | €21,980 | €23,603 | €12,531 | €1,401 | €2,735 | ▲ 95.2% |
| Tangible fixed assets22/27 | €21,500 | €23,083 | €12,011 | €1,361 | €2,735 | ▲ 101% |
| Plant, machinery and equipment23 | - | €2,654 | €1,701 | €788 | €189 | ▼ 76.0% |
| Furniture and vehicles24 | - | €19,749 | €9,766 | €573 | €2,546 | ▲ 344% |
| Other tangible fixed assets26 | - | €680 | €544 | - | - | - |
| Financial fixed assets28 | €480 | €520 | €520 | €40 | - | - |
| Current assets29/58 | €20,951 | €12,448 | €14,846 | €28,448 | €11,763 | ▼ 58.7% |
| Amounts receivable within one year40/41 | €11,686 | €6,109 | €7,136 | €27,633 | €11,385 | ▼ 58.8% |
| Trade receivables40 | - | €6,088 | €6,938 | €27,633 | €11,385 | ▼ 58.8% |
| Other amounts receivable41 | - | €21 | €198 | - | - | - |
| Cash at bank and in hand54/58 | €3,292 | €366 | €1,737 | €815 | €378 | ▼ 53.6% |
| Deferred charges and accrued income490/1 | - | €5,973 | €5,973 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,931 | €36,051 | €27,377 | €29,849 | €14,498 | ▼ 51.4% |
| Equity10/15 | -€32,064 | -€52,197 | -€85,503 | -€92,560 | -€77,843 | ▲ 15.9% |
| Contributions10/11 | - | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Reserves13 | €6,270 | €6,270 | €6,270 | €6,270 | €6,270 | = |
| Non-distributable reserves130/1 | - | €170 | €170 | €170 | €170 | = |
| Other1319 | - | €170 | €170 | €170 | €170 | = |
| Tax-exempt reserves132 | - | €6,100 | €6,100 | €6,100 | €6,100 | = |
| Profit (loss) carried forward14 | -€45,334 | -€65,467 | -€98,773 | -€105,830 | -€91,113 | ▲ 13.9% |
| Amounts payable17/49 | €74,995 | €88,248 | €112,880 | €122,409 | €92,341 | ▼ 24.6% |
| Amounts payable after more than one year17 | €60,000 | €60,000 | €85,000 | €85,000 | €85,000 | = |
| Other amounts payable178/9 | - | €60,000 | €85,000 | €85,000 | €85,000 | = |
| Amounts payable within one year42/48 | €14,595 | €28,248 | €27,480 | €37,409 | €7,341 | ▼ 80.4% |
| Financial debts43 | - | €1,191 | €2,758 | €4,885 | - | - |
| Credit institutions430/8 | - | €1,191 | €2,758 | €4,885 | - | - |
| Trade debts44 | €1,195 | €1,864 | €1,130 | €478 | €94 | ▼ 80.3% |
| Suppliers440/4 | - | €1,864 | €1,130 | €478 | €94 | ▼ 80.3% |
| Taxes, remuneration and social security45 | - | €2,656 | €3,153 | €429 | €456 | ▲ 6.3% |
| Taxes450/3 | - | €896 | €1,223 | €429 | €456 | ▲ 6.3% |
| Remuneration and social security454/9 | - | €1,760 | €1,930 | - | - | - |
| Other amounts payable47/48 | - | €22,537 | €20,439 | €31,617 | €6,791 | ▼ 78.5% |
| Accrued charges and deferred income492/3 | - | - | €400 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,455 | -€20,133 | -€33,306 | -€7,057 | €14,717 | ▲ 309% |
| + Depreciation and write-downs630 | €1,656 | €10,310 | €11,072 | €10,650 | €1,363 | ▼ 87.2% |
| Operating cash flow (approximation) | -€11,799 | -€9,823 | -€22,234 | €3,593 | €16,080 | ▲ 348% |
| Investment in fixed assets (approximation) | - | -€11,933 | €0 | €480 | -€2,697 | ▼ 662% |
| Change in cash | - | -€2,926 | €1,371 | -€922 | -€437 | ▲ 52.6% |
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
23-06
State Gazette act
Resignation: Pihilippe SOREIL (director)Appointment: Catherine DELCHEVALERIE (director) · Director discharge · Registered-office move5 facts ▸
State Gazette act
Resignation: Pihilippe SOREIL (director)
Appointment: Catherine DELCHEVALERIE (director) · Director discharge · Registered-office move5 facts ▸
- General meeting, 03-06-2026
- Director resignation, Pihilippe SOREIL (director)
- Director discharge, Pihilippe SOREIL (director)
- Director appointment, Catherine DELCHEVALERIE (director)
- Registered-office move, rue de Béclines 19 à 1435 Mont-Saint-Guibert
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €14,717
Net result €14,717 after 4 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 1.60
Current ratio from 0.76 to 1.60; short-term debt falls from €37,409 to €7,341.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€33,306
Net result drops to -€33,306, the lowest in the series; recovery starts the following year.
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
07-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 1.44
Current ratio from 0.56 to 1.44; short-term debt falls from €19,813 to €14,595.
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Catherine DELCHEVALERIE
CurrentDirector · since 23-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Mont-Saint-Guibert · 1 establishment unit since 2011
Ground area
2,011 m²
Building footprint
184 m²
Volume, LiDAR
509 m³
2 parcels, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PHIDJI
since 20112.203.314.220
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92047B0118/00L000 | Wallonia | 1,468 m² | 1 · 127 m² | - |
| 25040A0012/00L016 | Wallonia | 543 m² | 1 · 57 m² | 10.7 m · 3 fl. |
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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Catherine DELCHEVALERIE |
|
| Pihilippe SOREIL |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 8,313 companies in sector 90201 we hold annual accounts for 601. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-02-2011
Fiscal year end30-06
Activities, NACEBEL 2025
90201Performing arts by independent artists
59111Production of cinema films
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.