Phil Retail
ActiveThe computed 12-month bankruptcy probability of Phil Retail is 1.9% (moderate). The 2025 annual accounts show equity of €32k and a net result of €926. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 14% of 10242 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
18
/ 100
Critical▼ -20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▼-34
Solvency4▼-10
Growth78=
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 1.02 in 2024), and 97.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
2.4%
Return on assets
0.1%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 10242 sector peers (2025).
NBB · sector comparisonPosition among 10242 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
19 d early
2022
31 d late
2021
12 d early
2020
23 d early
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€32k▲ 3.0%
2024 · €31k
2020: €20k
2021: €21k
2022: €23k
2023: €28k
2024: €31k
2020 → 2025
Total assets
€1.35M▲ 25.1%
2024 · €1.08M
2020: €1.06M
2021: €1.10M
2022: €1.53M
2023: €1.57M
2024: €1.08M
2020 → 2025
Net result
€926▼ 69.1%
2024 · €3k
2020: €406
2021: €820
2022: €1k
2023: €5k
2024: €3k
2020 → 2025
Working capital
€-537k
2024 · €25k
2020: €514
2021: €6k
2022: €-3k
2023: €6k
2024: €25k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€23k▲ 6.8%€28k▲ 22.7%€31k▲ 10.8%€32k▲ 3.0%
Operating result€23k-€21k▼ 6.5%€17k▼ 20.7%€12k▼ 26.7%€-24k
Net result€820-€1k▲ 76.3%€5k▲ 255%€3k▼ 41.6%€926▼ 69.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €24k after €12k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.35M
Fixed assets
€569k▲ 9,387%
Current assets
€778k▼ 27.3%
Equity and liabilities €1.35M
Equity
€32k▲ 3.0%
Debt
€1.32M▲ 25.7%
The debt ratio rises from 97.1% to 97.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€-24k▼
2024 · €14k
Cash flow
€926▼
2024 · €4k
Solvency
2.4%▼
2024 · 2.9%
Current ratio
0.59▼
2024 · 1.02
Quick ratio
0.29▼
2024 · 0.71
Debt / equity
41.47▲
2024 · 33.97
ROE
2.9%▼
2024 · 9.7%
ROA
0.1%▼
2024 · 0.3%
Interest coverage
-3.36▼
2024 · 1.22
Debt
€1.32M▲
2024 · €1.05M
Debt ≤ 1 year
€1.32M▲
2024 · €1.05M
Income taxes
€7k▲
2024 · €6k
Staff costs
€878k▼
2024 · €1.42M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€1.35M▲
Fixed assets21/28€6k€569k▲
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Financial fixed assets28€6k€569k▲
Current assets29/58€1.07M€778k▼
Stocks and contracts in progress3€331k€403k▲
Stocks30/36€331k€403k▲
Amounts receivable within one year40/41€308k€232k▼
Trade receivables40€148k€141k▼
Other amounts receivable41€160k€91k▼
Current investments50/53€300k€0▼
Cash at bank and in hand54/58€128k€133k▲
Deferred charges and accrued income490/1€4k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.35M▲
Equity10/15€31k€32k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€11k€12k▲
Amounts payable17/49€1.05M€1.32M▲
Amounts payable within one year42/48€1.05M€1.32M▲
Financial debts43€84k€82k▼
Credit institutions430/8€84k€82k▼
Trade debts44€337k€460k▲
Suppliers440/4€337k€460k▲
Taxes, remuneration and social security45€180k€119k▼
Taxes450/3€48k€14k▼
Remuneration and social security454/9€132k€105k▼
Other amounts payable47/48€446k€655k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.42M€878k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€0▼
Other operating charges640/8€15k€7k▼
Gross operating margin9900€1.45M€861k▼
Operating profit (loss)9901€12k€-24k▼
Financial income75/76B€8k€38k▲
Recurring financial income75€8k€38k▲
Financial charges65/66B€11k€7k▼
Recurring financial charges65€11k€7k▼
Profit (loss) for the period before taxes9903€9k€7k▼
Income taxes67/77€6k€7k▲
Profit (loss) for the period9904€3k€926▼
Profit (loss) for the period to be appropriated9905€3k€926▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€12k▲
Profit (loss) brought forward from the previous period14P€8k€11k▲
Social balance
Average headcount (FTE)908723.414.1▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2020net €5k ▲255%
Net result €5k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wetteren · 2 establishment units since 2019
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.
Autosnelweg E 40 ZN9230 WetterenGround area
7,684 m²
Parcel 42025G1497/00A000, Flanders. Linked by address, not a title deed.
2 establishment units
Autosnelweg E 40 Z N, 9230 Wetteren
since 20192.290.120.807
Autosnelweg E 40 ZN, 9230 Wetteren
since 20192.290.120.906
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G1497/00A000indicative | Flanders | 7,684 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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
Food safety, FASFC
2 sitesWetteren2.290.120.807
Wetteren2.290.120.906
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Of 1,262 companies in sector 47300 we hold annual accounts for 946. 628 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-2019
Fiscal year end31-12
Activities, NACEBEL
47300Retail sale of automotive fuel
10850Manufacture of food products
95316Washing and cleaning of motor vehicles
47279Other retail sale of food
47299Retail trade
56210Event catering
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.