PHIDO

Active

Private limited companyfounded 197452 yrs activeBaugnez-Route de Waimes 25, 4960 Malmedy, BelgiumKBO/BCE: BE 0414.312.041

Summary

PHIDO has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €265,057 and a net result of €33,954. Equity is growing by ~39.9% per year across the filed fiscal years. Its solvency ranks better than 59% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

PHIDOActiveChecked score 83/100

Risk analysis Report Compare

Checked score

Score 2025

83 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability75▼-4

Solvency67▲+4

Growth85=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €21,000 at 30 days acceptable

Liquidity tight (current ratio 1.28 against 1.23 in 2024; short-term debt: 33.3% and cash: 40% of total assets), and 58.2% 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

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Real estate activities (NACE 68)

about 43% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

41.8%

Return on assets

5.4%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

24 d early

2024

129 d early

2023

27 d early

2022

28 d early

2021

32 d early

2020

18 d early

2019

32 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 41 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)

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 3 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

29-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 1 January 1974, PHIDO was incorporated.¹ Revenue went from EUR 37,676 in 2018 to EUR 68,743 in 2020.²

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 2025, abbreviated schema

In the rankings #2 oldest company in Malmedy, Real estate sector

Turnover

€68,743▲ 51.8%

2019 · €45,271

EBIT margin

52.6%▲ 9.7pp

2019 · 42.9%

Net result

€33,954▼ 34.4%

2024 · €51,746

Working capital

€58,548▲ 26.4%

2024 · €46,319

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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

Turnover

Operating result€10,696▼ 70.4%€77,198▲ 622%€78,559▲ 1.8%€83,090▲ 5.8%€64,905▼ 21.9%

Net result€5,663▼ 80.9%€65,897▲ 1,064%€49,780▼ 24.5%€51,746▲ 3.9%€33,954▼ 34.4%

EBIT margin

Equity€63,679▲ 9.8%€129,577▲ 103%€179,357▲ 38.4%€231,103▲ 28.9%€265,057▲ 14.7%

Total assets€529,646▲ 21.1%€551,150▲ 4.1%€568,048▲ 3.1%€606,820▲ 6.8%€634,213▲ 4.5%

Debt€465,967▲ 22.8%€421,573▼ 9.5%€388,691▼ 7.8%€375,716▼ 3.3%€369,156▼ 1.7%

Working capital-€74,145▼ 73.6%-€19,089▲ 74.3%€6,308€46,319▲ 634%€58,548▲ 26.4%

Solvency12.0%▼ 1.2pp23.5%▲ 11.5pp31.6%▲ 8.1pp38.1%▲ 6.5pp41.8%▲ 3.7pp

Current ratio0.57▼ 0.170.89▲ 0.311.04▲ 0.151.23▲ 0.191.28▲ 0.05

Return on assets (ROA)1.1%▼ 5.7pp12.0%▲ 10.9pp8.8%▼ 3.2pp8.5%▼ 0.2pp5.4%▼ 3.2pp

above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 22% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €634,213

57.4%

42.6%

Fixed assets €364,251 ▲ 1.5%

Current assets €269,962 ▲ 8.9%

Equity and liabilities €634,213

41.8%

58.2%

Equity €265,057 ▲ 14.7%

Debt €369,156 ▼ 1.7%

Debt's share of the balance-sheet total falls from 61.9% to 58.2%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€91,991▼

2024 · €110,107

Cash flow

€61,039▼

2024 · €78,764

Debt to equity

1.39▼

2024 · 1.63

ROE

12.8%▼

2024 · 22.4%

Interest coverage

7.23▼

2024 · 7.85

Debt ≤ 1 year

€211,414▲

2024 · €201,530

Debt > 1 year

€157,742▼

2024 · €174,186

Income taxes

€18,872▲

2024 · €18,345

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

Small
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more

0.2% went bankrupt

4.7% stopped otherwise

95% still going

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 20,134 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Balance sheet Code20242025

Assets

Total assets20/58€606,820€634,213▲

Fixed assets21/28€358,970€364,251▲

Tangible fixed assets22/27€356,870€362,151▲

Land and buildings22€345,588€354,874▲

Plant, machinery and equipment23€11,282€7,277▼

Financial fixed assets28€2,100€2,100=

Current assets29/58€247,849€269,962▲

Amounts receivable within one year40/41€14,666€15,267▲

Trade receivables40-€600

Other amounts receivable41€14,666€14,666=

Cash at bank and in hand54/58€231,780€253,445▲

Deferred charges and accrued income490/1€1,403€1,250▼

Equity and liabilities

Total equity and liabilities10/49€606,820€634,213▲

Equity10/15€231,103€265,057▲

Contributions10/11€72,350€72,350=

Capital10€72,350€72,350=

Issued capital100€72,350€72,350=

Reserves13€158,753€192,707▲

Distributable reserves133€158,753€192,707▲

Amounts payable17/49€375,716€369,156▼

Amounts payable after more than one year17€174,186€157,742▼

Financial debts170/4€171,986€156,442▼

Other amounts payable178/9€2,200€1,300▼

Amounts payable within one year42/48€201,530€211,414▲

Current portion of amounts payable after more than one year42€40,053€40,544▲

Trade debts44€18,611€20,058▲

Suppliers440/4€18,611€20,058▲

Taxes, remuneration and social security45€3,138€3,667▲

Taxes450/3€3,138€3,667▲

Other amounts payable47/48€139,728€147,146▲

Income statement Code20242025

Goods, raw materials, services and sundry goods60/61€6,550€22,190▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,018€27,086▲

Other operating charges640/8€2,946€2,193▼

Gross operating margin9900€113,054€94,184▼

Operating profit (loss)9901€83,090€64,905▼

Financial income75/76B€1,035€649▼

Recurring financial income75€1,035€649▼

Financial charges65/66B€14,033€12,729▼

Recurring financial charges65€14,033€12,729▼

Profit (loss) for the period before taxes9903€70,091€52,825▼

Income taxes67/77€18,345€18,872▲

Profit (loss) for the period9904€51,746€33,954▼

Profit (loss) for the period to be appropriated9905€51,746€33,954▼

Appropriation of the result

Profit (loss) to be appropriated9906€51,746€33,954▼

Transfer to equity691/2€51,746€33,954▼

To other reserves6921€51,746€33,954▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Goods, raw materials, services and sundry goods60/61	€16,951	€6,176	€13,620	€6,550	€22,190	▲ 239%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€25,961	€28,246	€25,815	€27,018	€27,086	▲ 0.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	€21,544	-	-	-	-	-
Other operating charges640/8	€2,151	€1,402	€1,560	€2,946	€2,193	▼ 25.6%
Gross operating margin9900	€60,351	€106,846	€105,935	€113,054	€94,184	▼ 16.7%
Operating profit (loss)9901	€10,696	€77,198	€78,559	€83,090	€64,905	▼ 21.9%
Financial income75/76B	-	-	€562	€1,035	€649	▼ 37.3%
Recurring financial income75	-	-	€562	€1,035	€649	▼ 37.3%
Financial charges65/66B	€3,263	€9,317	€11,110	€14,033	€12,729	▼ 9.3%
Recurring financial charges65	€3,263	€9,317	€11,110	€14,033	€12,729	▼ 9.3%
Profit (loss) for the period before taxes9903	€7,433	€67,881	€68,012	€70,091	€52,825	▼ 24.6%
Income taxes67/77	€1,770	€1,984	€18,232	€18,345	€18,872	▲ 2.9%
Profit (loss) for the period9904	€5,663	€65,897	€49,780	€51,746	€33,954	▼ 34.4%
Profit (loss) for the period to be appropriated9905	€5,663	€65,897	€49,780	€51,746	€33,954	▼ 34.4%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€529,646	€551,150	€568,048	€606,820	€634,213	▲ 4.5%
Formation expenses20	€2,747	-	-	-	-	-
Fixed assets21/28	€426,672	€401,173	€385,988	€358,970	€364,251	▲ 1.5%
Tangible fixed assets22/27	€424,572	€399,073	€383,888	€356,870	€362,151	▲ 1.5%
Land and buildings22	€407,085	€386,586	€366,087	€345,588	€354,874	▲ 2.7%
Plant, machinery and equipment23	€17,486	€12,486	€17,801	€11,282	€7,277	▼ 35.5%
Financial fixed assets28	€2,100	€2,100	€2,100	€2,100	€2,100	=
Current assets29/58	€100,228	€149,977	€182,060	€247,849	€269,962	▲ 8.9%
Amounts receivable within one year40/41	€14,666	€14,666	€14,666	€14,666	€15,267	▲ 4.1%
Trade receivables40	-	-	-	-	€600	-
Other amounts receivable41	€14,666	€14,666	€14,666	€14,666	€14,666	=
Cash at bank and in hand54/58	€84,697	€134,485	€165,891	€231,780	€253,445	▲ 9.3%
Deferred charges and accrued income490/1	€865	€826	€1,503	€1,403	€1,250	▼ 10.9%
Equity and liabilities
Total equity and liabilities10/49	€529,646	€551,150	€568,048	€606,820	€634,213	▲ 4.5%
Equity10/15	€63,679	€129,577	€179,357	€231,103	€265,057	▲ 14.7%
Contributions10/11	€72,350	€72,350	€72,350	€72,350	€72,350	=
Capital10	€72,350	€72,350	€72,350	€72,350	€72,350	=
Issued capital100	€72,350	€72,350	€72,350	€72,350	€72,350	=
Reserves13	€12,670	€57,227	€107,007	€158,753	€192,707	▲ 21.4%
Distributable reserves133	€12,670	€57,227	€107,007	€158,753	€192,707	▲ 21.4%
Profit (loss) carried forward14	-€21,341	-	-	-	-	-
Amounts payable17/49	€465,967	€421,573	€388,691	€375,716	€369,156	▼ 1.7%
Amounts payable after more than one year17	€291,594	€252,507	€212,939	€174,186	€157,742	▼ 9.4%
Financial debts170/4	€290,694	€251,607	€212,039	€171,986	€156,442	▼ 9.0%
Other amounts payable178/9	€900	€900	€900	€2,200	€1,300	▼ 40.9%
Amounts payable within one year42/48	€174,372	€169,066	€175,752	€201,530	€211,414	▲ 4.9%
Current portion of amounts payable after more than one year42	€29,069	€39,088	€39,567	€40,053	€40,544	▲ 1.2%
Trade debts44	€2,572	€2,322	€534	€18,611	€20,058	▲ 7.8%
Suppliers440/4	€2,572	€2,322	€534	€18,611	€20,058	▲ 7.8%
Taxes, remuneration and social security45	-	€1,477	€2,145	€3,138	€3,667	▲ 16.8%
Taxes450/3	-	€1,477	€2,145	€3,138	€3,667	▲ 16.8%
Other amounts payable47/48	€142,732	€126,179	€133,506	€139,728	€147,146	▲ 5.3%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€5,663	€65,897	€49,780	€51,746	€33,954	▼ 34.4%
+ Depreciation and write-downs630	€25,961	€28,246	€25,815	€27,018	€27,086	▲ 0.3%
Operating cash flow (approximation)	€31,623	€94,143	€75,596	€78,764	€61,039	▼ 22.5%
Investment in fixed assets (approximation)	-	-€2,747	-€10,631	€0	-€32,367	-
Change in cash	-	€49,789	€31,405	€65,890	€21,664	▼ 67.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 16Financial 6Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

07-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

24-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Equity above €200,000Eq €231,103 ▲28.9%

5 profitable years in a row build equity to €231,103.

04-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Equity above €150,000Eq €179,357 ▲38.4%

4 profitable years in a row build equity to €179,357.

03-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Highest result since 2018net €65,897 ▲1,064%

Net result €65,897, the highest in the series.

31-12

Financial Equity above €100,000Eq €129,577 ▲103%

3 profitable years in a row build equity to €129,577.

29-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

13-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Back to profitnet €29,575

Net result €29,575 after one loss-making year.

29-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

Show earlier events

2019

31-12

Financial Weakest financial yearnet -€5,897

Net result drops to -€5,897, the lowest in the series; recovery starts the following year.

04-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

22-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

22-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 5 acts read

About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has 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

5 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, Malmedy · 1 establishment unit since 2025

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.

Baugnez-Route de Waimes 254960 Malmedy

1 establishment unit

PHIDO

Baugnez-Route de Waimes 25, 4960 MalmedyBuying and selling of own real estate

since 20252.373.436.481

Similar companies · same sector, comparable size

Charleroi · Eq €264,417

Of 9,696 companies in sector 68121 we hold annual accounts for 7,392. 5,229 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

Founded01-01-1974

Fiscal year end31-12

Activities, NACEBEL 2025

68121Development of residential building projects

68110Buying and selling of own real estate

68122Development of non-residential building projects

E-invoicing

Reachable via Peppol

Peppol ID 0208:0414312041

Also 9925:BE0414312041

Registered 19-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.