PHIKO
ActiveSummary
PHIKO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €797,741 and a net result of €675,272. Equity is growing by ~338.3% per year across the filed fiscal years. Its solvency ranks better than 13% of 639 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+6
Solvency33▲+7
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.39 in 2023; short-term debt: 13.1% and cash: 2.4% of total assets), and 92.2% of the assets are financed with debt.
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Signals
Five 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 87
Relative position
BE, all sectors
reference
Residential care activities (NACE 87)
about 77% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
7.8%
Return on assets
6.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 639 sector peers (2024).
NBB · sector comparisonPosition among 639 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
9 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 24% of the sector filed late.
Checked, nothing found (1)
History
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
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 company by total assets in Merchtem, Health and social work sector#6 company by equity in Merchtem, Health and social work sector
Equity
€797,741▲ 551%
2023 · €122,468
Total assets
€10.2m▼ 4.2%
2023 · €10.7m
Net result
€675,272▲ 341%
2023 · €153,228
Working capital
-€562,193▲ 53.2%
2023 · -€1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 87, Residential care 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
Line202220232024
Operating result-€21,268-€212,522€939,836▲ 342%
Net result-€60,760below the sector's middle half-€153,228above the sector's middle half€675,272above the sector's middle half▲ 341%
Equity-€30,760below the sector's middle half-€122,468within the sector's middle half€797,741below the sector's middle half▲ 551%
Total assets€4.7mabove the sector's middle half-€10.7mabove the sector's middle half▲ 127%€10.2mwithin the sector's middle half▼ 4.2%
Debt€4.7m-€10.6m▲ 123%€9.5m▼ 10.6%
Working capital-€1.5m--€1.2m▲ 19.4%-€562,193▲ 53.2%
Solvency-0.7%below the sector's middle half-1.1%below the sector's middle half▲ 1.8pp7.8%below the sector's middle half▲ 6.6pp
Staff (FTE)2.34below the sector's middle half▲ 73.9%
above
within
below
the middle half (P25 to P75) of NACE 87, Residential care activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +341% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 342% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.2m
Fixed assets
€9.5m ▼ 4.6%
Current assets
€777,304 ▲ 1.7%
Equity and liabilities €10.2m
Equity
€797,741 ▲ 551%
Debt
€9.5m ▼ 10.6%
Debt's share of the balance-sheet total falls from 98.9% to 92.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.5m▲
2023 · €682,441
Cash flow
€1.2m▲
2023 · €623,147
Current ratio
0.58▲
2023 · 0.39
Debt to equity
11.85▼
2023 · 86.31
ROE
84.6%▼
2023 · 125.1%
ROA
6.6%▲
2023 · 1.4%
Interest coverage
8.92▼
2023 · 11.49
Debt ≤ 1 year
€1.3m▼
2023 · €2.0m
Debt > 1 year
€8.1m▼
2023 · €8.6m
Income taxes
€96,145
Staff costs
€292,977▲
2023 · €172,432
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,155 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
2.6%
went bankrupt
2.6%
stopped otherwise
94%
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: 0.3% 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 497,058 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% | 1.6% |
| 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 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 2,155 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €172,432 | €292,977 | ▲ 69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,547 | €469,919 | €562,707 | ▲ 19.7% |
| Other operating charges640/8 | €374 | €95 | €207 | ▲ 117% |
| Gross operating margin9900 | -€19,347 | €854,968 | €1.8m | ▲ 110% |
| Operating profit (loss)9901 | -€21,268 | €212,522 | €939,836 | ▲ 342% |
| Financial income75/76B | €0 | €101 | €0 | ▼ 99.6% |
| Recurring financial income75 | €0 | €101 | €0 | ▼ 99.6% |
| Financial charges65/66B | €39,491 | €59,395 | €168,419 | ▲ 184% |
| Recurring financial charges65 | €39,491 | €59,395 | €168,419 | ▲ 184% |
| Profit (loss) for the period before taxes9903 | -€60,760 | €153,228 | €771,417 | ▲ 403% |
| Income taxes67/77 | - | - | €96,145 | - |
| Profit (loss) for the period9904 | -€60,760 | €153,228 | €675,272 | ▲ 341% |
| Profit (loss) for the period to be appropriated9905 | -€60,760 | €153,228 | €675,272 | ▲ 341% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €4.7m | €10.7m | €10.2m | ▼ 4.2% |
| Formation expenses20 | - | €0 | €0 | - |
| Fixed assets21/28 | €4.6m | €9.9m | €9.5m | ▼ 4.6% |
| Tangible fixed assets22/27 | €4.6m | €9.9m | €9.5m | ▼ 4.6% |
| Land and buildings22 | €4.3m | €9.2m | €8.8m | ▼ 4.1% |
| Plant, machinery and equipment23 | €305,963 | €745,073 | €663,688 | ▼ 10.9% |
| Furniture and vehicles24 | €14,333 | - | - | - |
| Current assets29/58 | €67,881 | €763,962 | €777,304 | ▲ 1.7% |
| Amounts receivable within one year40/41 | - | €431,918 | €473,639 | ▲ 9.7% |
| Trade receivables40 | - | €431,918 | €444,784 | ▲ 3.0% |
| Other amounts receivable41 | - | - | €28,855 | - |
| Current investments50/53 | - | €60,446 | €60,446 | = |
| Cash at bank and in hand54/58 | €67,881 | €271,599 | €243,179 | ▼ 10.5% |
| Deferred charges and accrued income490/1 | - | - | €40 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €4.7m | €10.7m | €10.2m | ▼ 4.2% |
| Equity10/15 | -€30,760 | €122,468 | €797,741 | ▲ 551% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€60,760 | €92,468 | €767,741 | ▲ 730% |
| Amounts payable17/49 | €4.7m | €10.6m | €9.5m | ▼ 10.6% |
| Amounts payable after more than one year17 | €3.2m | €8.6m | €8.1m | ▼ 5.7% |
| Financial debts170/4 | €3.2m | €8.5m | €8.0m | ▼ 6.0% |
| Other amounts payable178/9 | - | €56,046 | €71,099 | ▲ 26.9% |
| Amounts payable within one year42/48 | €1.6m | €2.0m | €1.3m | ▼ 31.8% |
| Current portion of amounts payable after more than one year42 | - | €250,561 | €509,477 | ▲ 103% |
| Trade debts44 | €653,808 | €113,062 | €6,041 | ▼ 94.7% |
| Suppliers440/4 | €653,808 | €113,062 | €6,041 | ▼ 94.7% |
| Taxes, remuneration and social security45 | - | €21,178 | €103,291 | ▲ 388% |
| Remuneration and social security454/9 | - | €21,178 | €103,291 | ▲ 388% |
| Other amounts payable47/48 | €904,470 | €1.6m | €720,688 | ▼ 54.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,760 | €153,228 | €675,272 | ▲ 341% |
| + Depreciation and write-downs630 | €1,547 | €469,919 | €562,707 | ▲ 19.7% |
| Operating cash flow (approximation) | -€59,212 | €623,147 | €1.2m | ▲ 98.7% |
| Investment in fixed assets (approximation) | - | -€5.8m | -€104,431 | ▲ 98.2% |
| Change in cash | - | €203,717 | -€28,419 | ▼ 114% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Highest result since 2022net €675,272 ▲341%
Operating result €939,836, net result €675,272, both a record.
31-12
Financial
Equity above €500,000Eq €797,741 ▲551%
2 profitable years in a row build equity to €797,741.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Back to profitnet €153,228
Net result €153,228 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €122,468
Equity rises from -€30,760 to €122,468.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Merchtem · 1 establishment unit since 2021
Ground area
1.1 ha
Building footprint
4,442 m²
Volume, LiDAR
1,774 m³
2 parcels, Flanders · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
PHIKO
since 20212.331.467.452
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055B0477/00A000 | Flanders | 9,143 m² | 1 · 4,169 m² | - |
| 23028A0075/00K000 | Flanders | 2,079 m² | 1 · 274 m² | 12.8 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortenberg2.331.467.452
Care and welfare
1 serviceHertog Jan-bis
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Of 150 companies in sector 87302 we hold annual accounts for 85. 56 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
Founded24-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
87302Residential care activities
68121Development of residential building projects
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779361841
Registered
12-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.