PHIFICO
ActiveSummary
PHIFICO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €294k and a net result of €20k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-17
Solvency80▼-12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.8 against 4.91 in 2024; short-term debt: 28.5% and cash: 47.6% of total assets), and 45% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55%
Return on assets
3.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-12-2025, 133 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
133 d early
2024
48 d early
2023
43 d early
2022
37 d early
2021
46 d early
2020
56 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€294k▼ 14.8%
2024 · €345k
Total assets
€534k▲ 3.5%
2024 · €516k
Net result
€20k▼ 76.0%
2024 · €82k
Working capital
€274k▼ 12.6%
2024 · €313k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€89k▼ 12.6%€81k▼ 9.3%€73k▼ 9.0%€104k▲ 41.7%€21k▼ 80.3%
Net result€61k▼ 13.5%€58k▼ 4.4%€59k▲ 0.7%€82k▲ 39.5%€20k▼ 76.0%
Equity€293k▼ 2.8%€309k▲ 5.3%€367k▲ 19.0%€345k▼ 6.1%€294k▼ 14.8%
Total assets€494k▲ 9.3%€465k▼ 5.7%€479k▲ 3.0%€516k▲ 7.7%€534k▲ 3.5%
Debt€201k▲ 33.4%€157k▼ 21.8%€112k▼ 28.7%€171k▲ 53.1%€240k▲ 40.3%
Working capital€259k▼ 2.9%€272k▲ 4.9%€339k▲ 24.7%€313k▼ 7.6%€274k▼ 12.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 80% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €534k
Fixed assets
€108k ▼ 11.8%
Current assets
€426k ▲ 8.3%
Equity and liabilities €534k
Equity
€294k ▼ 14.8%
Debt
€240k ▲ 40.3%
Debt's share of the balance-sheet total rises from 33.2% to 45.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€42k▼
2024 · €118k
Cash flow
€41k▼
2024 · €96k
Current ratio
2.80▼
2024 · 4.91
Debt to equity
0.82▲
2024 · 0.50
ROE
6.7%▼
2024 · 23.8%
ROA
3.7%▼
2024 · 15.9%
Interest coverage
5.86▼
2024 · 21.38
Debt ≤ 1 year
€152k▲
2024 · €80k
Debt > 1 year
€71k▼
2024 · €78k
Income taxes
€10k▼
2024 · €33k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €11k | €13k | €14k | €21k | ▲ 50.6% |
| Other operating charges640/8 | - | €2k | €3k | €3k | €3k | ▲ 3.0% |
| Gross operating margin9900 | €102k | €94k | €89k | €121k | €45k | ▼ 62.8% |
| Operating profit (loss)9901 | €89k | €81k | €73k | €104k | €21k | ▼ 80.3% |
| Financial income75/76B | - | €8k | €10k | €17k | €16k | ▼ 4.9% |
| Recurring financial income75 | €0 | €8k | €10k | €17k | €16k | ▼ 4.9% |
| Financial charges65/66B | - | €4k | €4k | €6k | €7k | ▲ 29.5% |
| Recurring financial charges65 | €3k | €4k | €4k | €6k | €7k | ▲ 29.5% |
| Profit (loss) for the period before taxes9903 | €86k | €85k | €80k | €115k | €29k | ▼ 74.4% |
| Income taxes67/77 | €25k | €27k | €21k | €33k | €10k | ▼ 70.5% |
| Profit (loss) for the period9904 | €61k | €58k | €59k | €82k | €20k | ▼ 76.0% |
| Profit (loss) for the period to be appropriated9905 | €61k | €58k | €59k | €82k | €20k | ▼ 76.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €494k | €465k | €479k | €516k | €534k | ▲ 3.5% |
| Fixed assets21/28 | €132k | €132k | €120k | €123k | €108k | ▼ 11.8% |
| Tangible fixed assets22/27 | €132k | €132k | €120k | €123k | €108k | ▼ 11.8% |
| Land and buildings22 | - | €120k | €110k | €100k | €90k | ▼ 10.0% |
| Furniture and vehicles24 | - | €12k | €10k | €23k | €13k | ▼ 43.4% |
| Assets under construction and advance payments27 | - | - | - | - | €5k | - |
| Current assets29/58 | €361k | €334k | €359k | €393k | €426k | ▲ 8.3% |
| Amounts receivable within one year40/41 | €77k | €55k | €54k | €73k | €42k | ▼ 42.6% |
| Trade receivables40 | - | €54k | €54k | €73k | €32k | ▼ 55.3% |
| Other amounts receivable41 | - | €663 | €0 | - | €9k | - |
| Current investments50/53 | €125k | €125k | €275k | €257k | €79k | ▼ 69.4% |
| Cash at bank and in hand54/58 | €149k | €136k | €2k | €25k | €254k | ▲ 903% |
| Deferred charges and accrued income490/1 | - | €18k | €27k | €38k | €51k | ▲ 34.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €494k | €465k | €479k | €516k | €534k | ▲ 3.5% |
| Equity10/15 | €293k | €309k | €367k | €345k | €294k | ▼ 14.8% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €281k | €296k | €355k | €333k | €282k | ▼ 15.3% |
| Distributable reserves133 | - | €296k | €355k | €333k | €282k | ▼ 15.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €201k | €157k | €112k | €171k | €240k | ▲ 40.3% |
| Amounts payable after more than one year17 | €98k | €91k | €83k | €78k | €71k | ▼ 8.8% |
| Financial debts170/4 | - | €91k | €83k | €78k | €71k | ▼ 8.8% |
| Amounts payable within one year42/48 | €102k | €62k | €20k | €80k | €152k | ▲ 89.7% |
| Current portion of amounts payable after more than one year42 | - | €7k | €8k | €7k | €7k | ▲ 4.7% |
| Financial debts43 | - | €2 | €0 | €115 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €2 | €0 | €115 | €0 | ▼ 100% |
| Trade debts44 | €29k | €4k | €3k | €1k | €5k | ▲ 337% |
| Suppliers440/4 | - | €4k | €3k | €1k | €5k | ▲ 337% |
| Taxes, remuneration and social security45 | - | €3k | €6k | €6k | €7k | ▲ 18.1% |
| Taxes450/3 | - | €3k | €6k | €6k | €7k | ▲ 18.1% |
| Other amounts payable47/48 | - | €47k | €3k | €66k | €133k | ▲ 101% |
| Accrued charges and deferred income492/3 | - | €4k | €8k | €13k | €17k | ▲ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €58k | €59k | €82k | €20k | ▼ 76.0% |
| + Depreciation and write-downs630 | €11k | €11k | €13k | €14k | €21k | ▲ 50.6% |
| Operating cash flow (approximation) | €72k | €69k | €72k | €96k | €41k | ▼ 57.3% |
| Investment in fixed assets (approximation) | - | €-10k | €-1k | €-17k | €-7k | ▲ 59.2% |
| Change in cash | - | €-13k | €-134k | €23k | €229k | ▲ 878% |
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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Weakest financial yearnet €20k ▼76%
Net result drops to €20k, the lowest in the series.
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €82k ▲39.5%
Operating result €104k, net result €82k, both a record.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 18.01
Current ratio from 5.39 to 18.01; short-term debt falls from €62k to €20k.
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €200kEq €231k ▲36.9%
2 profitable years in a row build equity to €231k.
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Knokke-Heist · 1 establishment unit since 2003
Ground area
2,728 m²
Building footprint
1,034 m²
Volume, LiDAR
12,655 m³
Parcel 31334B0758/00B000, Flanders · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PHIFICO
since 20032.126.581.379
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0758/00B000 | Flanders | 2,728 m² | 1 · 1,033 m² | 16.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
98450097DF3QB1CB5750
Similar companies · same sector, comparable size
NESSI
BE 0631.880.566
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KVAV
BE 0887.847.532
Gent · Eq €294,152
S.C. BEHEER
BE 0462.110.869
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DE TORA
BE 0896.821.814
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IN ALTIS
BE 0788.734.417
Fexhe-le-Haut-Clocher · Eq €294,179
Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 38,254 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
Founded14-02-2003
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.