PHIKAT & C°
ActiveSummary
PHIKAT & C° has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €957k and a net result of €3k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 46% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-5
Solvency59=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.04 in 2024; short-term debt: 36.9% and cash: 0% of total assets), and 66.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
33.6%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 31-07-2026, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
1 d late
2024
1 d late
2023
4 d early
2022
2 d early
2021
10 d early
2020
31 d late
2019
2 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 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▲ 211%
2024 · €962
2018: €-32klowest in 8 years
2019: €-13k▲ +57.7% vs 2018
2020: €3k▲ +119% vs 2019
2021: €58k▲ +2131% vs 2020highest in 8 years
2022: €-6k▼ -110% vs 2021
2023: €642▲ +111% vs 2022
2024: €962▲ +49.9% vs 2023
2025: €3k▲ +211% vs 2024
2018 → 2025
Working capital
€-1.00M▼ 12.5%
2024 · €-893k
2018: €-1.13M
2019: €-1.21M▼ -7.1% vs 2018lowest in 8 years
2020: €-1.17M▲ +3.3% vs 2019
2021: €-1.08M▲ +7.7% vs 2020
2022: €-1.04M▲ +4.1% vs 2021
2023: €-835k▲ +19.5% vs 2022highest in 8 years
2024: €-893k▼ -6.8% vs 2023
2025: €-1.00M▼ -12.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€959k-€953k▼ 0.6%€953k▲ 0.1%€954k▲ 0.1%€957k▲ 0.3%
2021: €959khighest in 5 years
2022: €953k▼ -0.6% vs 2021lowest in 5 years
2023: €953k▲ +0.1% vs 2022
2024: €954k▲ +0.1% vs 2023
2025: €957k▲ +0.3% vs 2024
Operating result€127k-€52k▼ 59.3%€71k▲ 37.6%€54k▼ 23.5%€67k▲ 22.9%
2021: €127khighest in 5 years
2022: €52k▼ -59.3% vs 2021lowest in 5 years
2023: €71k▲ +37.6% vs 2022
2024: €54k▼ -23.5% vs 2023
2025: €67k▲ +22.9% vs 2024
Net result€58k-€-6k€642€962▲ 49.9%€3k▲ 211%
2021: €58khighest in 5 years
2022: €-6k▼ -110% vs 2021lowest in 5 years
2023: €642▲ +111% vs 2022
2024: €962▲ +49.9% vs 2023
2025: €3k▲ +211% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.85M
Fixed assets
€2.80M ▲ 1.7%
Current assets
€48k ▲ 28.8%
Equity and liabilities €2.85M
Equity
€957k ▲ 0.3%
Provisions
€19k ▼ 10.1%
Debt
€1.88M ▲ 3.1%
Debt's share of the balance-sheet total rises from 65.1% to 65.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€217k▲
2024 · €201k
Cash flow
€153k▲
2024 · €148k
Current ratio
0.05▲
2024 · 0.04
Quick ratio
0.03▼
2024 · 0.04
Debt to equity
1.96▲
2024 · 1.91
ROE
0.3%▲
2024 · 0.1%
ROA
0.1%▲
2024 · 0.0%
Interest coverage
3.32▼
2024 · 3.97
Debt ≤ 1 year
€1.05M▲
2024 · €930k
Debt > 1 year
€775k▼
2024 · €862k
Income taxes
€6k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.79M€2.85M▲
Fixed assets21/28€2.76M€2.80M▲
Tangible fixed assets22/27€2.15M€2.20M▲
Land and buildings22€2.15M€2.20M▲
Financial fixed assets28€606k€606k=
Current assets29/58€37k€48k▲
Stocks and contracts in progress3-€20k
Stocks30/36-€20k
Amounts receivable within one year40/41€22k€19k▼
Trade receivables40€22k€19k▼
Cash at bank and in hand54/58€672€542▼
Deferred charges and accrued income490/1€14k€8k▼
Equity and liabilities
Total equity and liabilities10/49€2.79M€2.85M▲
Equity10/15€954k€957k▲
Contributions10/11€490k€490k=
Capital10€490k€490k=
Issued capital100€490k€490k=
Reserves13€465k€468k▲
Non-distributable reserves130/1€49k€49k=
Legal reserve130€49k€49k=
Tax-exempt reserves132€62k€56k▼
Distributable reserves133€353k€363k▲
Provisions and deferred taxes16€21k€19k▼
Deferred taxes168€21k€19k▼
Amounts payable17/49€1.82M€1.88M▲
Amounts payable after more than one year17€862k€775k▼
Financial debts170/4€862k€775k▼
Amounts payable within one year42/48€930k€1.05M▲
Current portion of amounts payable after more than one year42€87k€87k▼
Trade debts44€33k€22k▼
Suppliers440/4€33k€22k▼
Taxes, remuneration and social security45€28k€26k▼
Taxes450/3€28k€26k▼
Other amounts payable47/48€781k€917k▲
Accrued charges and deferred income492/3€27k€49k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€147k€150k▲
Other operating charges640/8€28k€28k▼
Gross operating margin9900€230k€245k▲
Operating profit (loss)9901€54k€67k▲
Financial income75/76B€0€6k▲
Recurring financial income75€0€6k▲
Financial charges65/66B€51k€65k▲
Recurring financial charges65€51k€65k▲
Profit (loss) for the period before taxes9903€4k€7k▲
Transfer from deferred taxes780€2k€2k▼
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€962€3k▲
Transfer from tax-exempt reserves789€7k€6k▼
Profit (loss) for the period to be appropriated9905€8k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€9k▲
Transfer to equity691/2€8k€9k▲
To other reserves6921€8k€9k▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | €3k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €120k | €120k | €121k | €147k | €150k | ▲ 2.5% |
| Other operating charges640/8 | €23k | €23k | €26k | €28k | €28k | ▼ 2.4% |
| Gross operating margin9900 | €270k | €195k | €218k | €230k | €245k | ▲ 6.7% |
| Operating profit (loss)9901 | €127k | €52k | €71k | €54k | €67k | ▲ 22.9% |
| Financial income75/76B | €0 | €1 | €0 | €0 | €6k | ▲ 2,715,800% |
| Recurring financial income75 | €0 | €1 | €0 | €0 | €6k | ▲ 2,715,800% |
| Financial charges65/66B | €58k | €55k | €67k | €51k | €65k | ▲ 29.1% |
| Recurring financial charges65 | €58k | €55k | €67k | €51k | €65k | ▲ 29.1% |
| Profit (loss) for the period before taxes9903 | €69k | €-4k | €4k | €4k | €7k | ▲ 91.9% |
| Transfer from deferred taxes780 | €2k | €2k | €2k | €2k | €2k | ▼ 11.1% |
| Income taxes67/77 | €13k | €5k | €6k | €5k | €6k | ▲ 21.7% |
| Profit (loss) for the period9904 | €58k | €-6k | €642 | €962 | €3k | ▲ 211% |
| Transfer from tax-exempt reserves789 | €7k | €7k | €7k | €7k | €6k | ▼ 11.1% |
| Profit (loss) for the period to be appropriated9905 | €65k | €1k | €8k | €8k | €9k | ▲ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.45M | €2.31M | €2.83M | €2.79M | €2.85M | ▲ 2.1% |
| Fixed assets21/28 | €2.37M | €2.26M | €2.80M | €2.76M | €2.80M | ▲ 1.7% |
| Tangible fixed assets22/27 | €1.76M | €1.65M | €2.20M | €2.15M | €2.20M | ▲ 2.2% |
| Land and buildings22 | €1.76M | €1.65M | €2.20M | €2.15M | €2.20M | ▲ 2.2% |
| Furniture and vehicles24 | €5k | €0 | - | - | - | - |
| Financial fixed assets28 | €606k | €606k | €606k | €606k | €606k | = |
| Current assets29/58 | €87k | €49k | €30k | €37k | €48k | ▲ 28.8% |
| Stocks and contracts in progress3 | - | - | - | - | €20k | - |
| Stocks30/36 | - | - | - | - | €20k | - |
| Amounts receivable within one year40/41 | €76k | €39k | €15k | €22k | €19k | ▼ 15.8% |
| Trade receivables40 | €76k | €36k | €15k | €22k | €19k | ▼ 15.8% |
| Other amounts receivable41 | €0 | €3k | €0 | - | - | - |
| Cash at bank and in hand54/58 | €1k | €534 | €510 | €672 | €542 | ▼ 19.3% |
| Deferred charges and accrued income490/1 | €9k | €9k | €14k | €14k | €8k | ▼ 40.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.45M | €2.31M | €2.83M | €2.79M | €2.85M | ▲ 2.1% |
| Equity10/15 | €959k | €953k | €953k | €954k | €957k | ▲ 0.3% |
| Contributions10/11 | €490k | €490k | €490k | €490k | €490k | = |
| Capital10 | €490k | €490k | €490k | €490k | €490k | = |
| Issued capital100 | €490k | €490k | €490k | €490k | €490k | = |
| Reserves13 | €469k | €463k | €464k | €465k | €468k | ▲ 0.6% |
| Non-distributable reserves130/1 | €49k | €49k | €49k | €49k | €49k | = |
| Legal reserve130 | €49k | €49k | €49k | €49k | €49k | = |
| Tax-exempt reserves132 | €84k | €76k | €69k | €62k | €56k | ▼ 10.1% |
| Distributable reserves133 | €337k | €338k | €345k | €353k | €363k | ▲ 2.6% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Provisions and deferred taxes16 | €28k | €25k | €23k | €21k | €19k | ▼ 10.1% |
| Deferred taxes168 | €28k | €25k | €23k | €21k | €19k | ▼ 10.1% |
| Amounts payable17/49 | €1.47M | €1.33M | €1.86M | €1.82M | €1.88M | ▲ 3.1% |
| Amounts payable after more than one year17 | €256k | €207k | €949k | €862k | €775k | ▼ 10.1% |
| Financial debts170/4 | €256k | €207k | €949k | €862k | €775k | ▼ 10.1% |
| Amounts payable within one year42/48 | €1.17M | €1.09M | €865k | €930k | €1.05M | ▲ 13.1% |
| Current portion of amounts payable after more than one year42 | €53k | €49k | €100k | €87k | €87k | ▼ 0.6% |
| Trade debts44 | €66k | €14k | €16k | €33k | €22k | ▼ 35.3% |
| Suppliers440/4 | €66k | €14k | €16k | €33k | €22k | ▼ 35.3% |
| Taxes, remuneration and social security45 | €17k | €13k | €85k | €28k | €26k | ▼ 6.0% |
| Taxes450/3 | €17k | €13k | €85k | €28k | €26k | ▼ 6.0% |
| Other amounts payable47/48 | €1.03M | €1.01M | €665k | €781k | €917k | ▲ 17.4% |
| Accrued charges and deferred income492/3 | €43k | €36k | €41k | €27k | €49k | ▲ 79.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58k | €-6k | €642 | €962 | €3k | ▲ 211% |
| + Depreciation and write-downs630 | €120k | €120k | €121k | €147k | €150k | ▲ 2.5% |
| Operating cash flow (approximation) | €179k | €114k | €121k | €148k | €153k | ▲ 3.8% |
| Investment in fixed assets (approximation) | - | €-12k | €-664k | €-101k | €-197k | ▼ 94.8% |
| Change in cash | - | €-768 | €-24 | €161 | €-130 | ▼ 180% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 1 day late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 1 day late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-12
Financial
Back to profitnet €642
Net result €642 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-12
Financial
Highest result since 2018net €58k ▲2,131%
Operating result €127k, net result €58k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-05
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 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.
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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, Menen · 1 establishment unit since 2001
Ground area
1,160 m²
Building footprint
185 m²
Volume, LiDAR
1,201 m³
Parcel 34024A0137/00W004, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PHIKAT & CO
since 20012.100.327.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024A0137/00W004 | Flanders | 1,160 m² | 1 · 185 m² | 9.2 m · 2 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.
Similar companies · same sector, comparable size
GEVAN
BE 0451.777.203
Wevelgem · Eq €957,939
YOBES
BE 0412.120.138
Oostrozebeke · Eq €958,028
GETRAVEE
BE 0455.241.487
Stekene · Eq €955,854
PATRIMONIUMVENNOOTSCHAP BEKAERT
BE 0448.447.826
Oudenaarde · Eq €955,659
Immo de Condé
BE 0741.351.895
Sint-Niklaas · Eq €959,839
Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,158 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-04-1999
Fiscal year end30-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Contact
E-mail
info@bricostock.be
Scores and ratios are computed by Checked and are not a credit decision.