PHILAGODU
ActiveSummary
PHILAGODU has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136k and a net result of €6k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 81% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-5
Solvency97▼-3
Growth55▼-6
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 3.59 against 28.82 in 2024; short-term debt: 27.8% and cash: 45% of total assets), and 27.8% 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
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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
72.2%
Return on assets
2.9%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
20 d early
2023
56 d early
2022
31 d early
2021
53 d early
2020
43 d early
2019
70 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Turnover
€35k▼ 25.5%
2024 · €47k
EBIT margin
25.2%▼ 34.0pp
2024 · 59.2%
Net result
€6k▼ 70.4%
2024 · €19k
Working capital
€136k▼ 25.6%
2024 · €183k
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
Turnover€69k▲ 36.9%€42k▼ 38.7%€51k▲ 20.9%€47k▼ 8.2%€35k▼ 25.5%
Operating result€36k▲ 48.0%€14k▼ 60.3%€29k▲ 101%€28k▼ 3.5%€9k▼ 68.3%
Net result€24k▲ 58.5%€9k▼ 60.8%€22k▲ 129%€19k▼ 13.7%€6k▼ 70.4%
EBIT margin52.2%▲ 3.9pp33.8%▼ 18.4pp56.3%▲ 22.5pp59.2%▲ 2.9pp25.2%▼ 34.0pp
Equity€152k▲ 18.8%€162k▲ 6.2%€165k▲ 2.1%€184k▲ 11.3%€136k▼ 25.8%
Total assets€159k▲ 5.8%€167k▲ 5.5%€188k▲ 12.3%€191k▲ 1.5%€189k▼ 0.8%
Debt€6k▼ 71.7%€5k▼ 13.6%€23k▲ 329%€7k▼ 70.8%€53k▲ 698%
Working capital€148k▲ 15.8%€156k▲ 5.4%€163k▲ 4.2%€183k▲ 12.6%€136k▼ 25.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 68% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €189k
Equity
€136k ▼ 25.8%
Debt
€53k ▲ 698%
Debt's share of the balance-sheet total rises from 3.5% to 27.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9k▼
2024 · €29k
Cash flow
€6k▼
2024 · €21k
Current ratio
3.59▼
2024 · 28.82
Quick ratio
3.06▼
2024 · 24.57
Debt to equity
0.39▲
2024 · 0.04
ROE
4.1%▼
2024 · 10.2%
ROA
2.9%▼
2024 · 9.8%
Interest coverage
28.43▼
2024 · 144.05
Debt ≤ 1 year
€53k▲
2024 · €7k
Income taxes
€3k▼
2024 · €9k
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €69k | €42k | €51k | €47k | €35k | ▼ 25.5% |
| Goods, raw materials, services and sundry goods60/61 | €31k | €24k | €19k | €17k | €25k | ▲ 47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | €2k | €522 | ▼ 71.5% |
| Other operating charges640/8 | - | €1k | €345 | - | €63 | - |
| Gross operating margin9900 | €37k | €18k | €32k | €29k | €9k | ▼ 68.2% |
| Operating profit (loss)9901 | €36k | €14k | €29k | €28k | €9k | ▼ 68.3% |
| Financial income75/76B | €6 | €55 | - | - | - | - |
| Recurring financial income75 | €6 | €55 | - | - | - | - |
| Financial charges65/66B | €176 | €345 | €521 | €204 | €327 | ▲ 59.9% |
| Recurring financial charges65 | €176 | €345 | €521 | €204 | €327 | ▲ 59.9% |
| Profit (loss) for the period before taxes9903 | €36k | €14k | €28k | €27k | €8k | ▼ 69.2% |
| Income taxes67/77 | €11k | €4k | €6k | €9k | €3k | ▼ 66.7% |
| Profit (loss) for the period9904 | €24k | €9k | €22k | €19k | €6k | ▼ 70.4% |
| Profit (loss) for the period to be appropriated9905 | €24k | €9k | €22k | €19k | €6k | ▼ 70.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159k | €167k | €188k | €191k | €189k | ▼ 0.8% |
| Fixed assets21/28 | €4k | €6k | €2k | €522 | €0 | ▼ 100% |
| Intangible fixed assets21 | €0 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €4k | €6k | €2k | €522 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €3k | €2k | €522 | €0 | ▼ 100% |
| Furniture and vehicles24 | €4k | €2k | €454 | - | - | - |
| Current assets29/58 | €154k | €162k | €185k | €190k | €189k | ▼ 0.5% |
| Stocks and contracts in progress3 | €28k | €27k | €25k | €28k | €28k | = |
| Stocks30/36 | €28k | €27k | €25k | €28k | €28k | = |
| Amounts receivable within one year40/41 | €2k | €57k | €76k | €75k | €76k | ▲ 1.4% |
| Trade receivables40 | €645 | €181 | - | €315 | €461 | ▲ 46.5% |
| Other amounts receivable41 | €907 | €57k | €76k | €75k | €76k | ▲ 1.2% |
| Cash at bank and in hand54/58 | €125k | €78k | €84k | €87k | €85k | ▼ 2.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159k | €167k | €188k | €191k | €189k | ▼ 0.8% |
| Equity10/15 | €152k | €162k | €165k | €184k | €136k | ▼ 25.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €123k | €133k | €134k | €153k | €105k | ▼ 31.1% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €121k | €131k | €134k | €153k | €105k | ▼ 31.1% |
| Profit (loss) carried forward14 | €11k | €11k | €13k | €13k | €13k | = |
| Amounts payable17/49 | €6k | €5k | €23k | €7k | €53k | ▲ 698% |
| Amounts payable within one year42/48 | €6k | €5k | €23k | €7k | €53k | ▲ 698% |
| Trade debts44 | - | €253 | €3 | €180 | - | - |
| Suppliers440/4 | - | €253 | €3 | €180 | - | - |
| Taxes, remuneration and social security45 | €5k | €5k | €4k | €6k | €2k | ▼ 65.1% |
| Taxes450/3 | €5k | €5k | €4k | €6k | €2k | ▼ 65.1% |
| Other amounts payable47/48 | €947 | - | €18k | - | €50k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €9k | €22k | €19k | €6k | ▼ 70.4% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | €2k | €522 | ▼ 71.5% |
| Operating cash flow (approximation) | €26k | €12k | €25k | €21k | €6k | ▼ 70.5% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €0 | €0 | - |
| Change in cash | - | €-47k | €6k | €3k | €-2k | ▼ 167% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 28.82
Current ratio from 8.23 to 28.82; short-term debt falls from €23k to €7k.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €24k ▲58.5%
Operating result €36k, net result €24k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 25.38
Current ratio from 6.96 to 25.38; short-term debt falls from €21k to €6k.
31-12
Financial
Equity above €150kEq €152k ▲18.8%
4 profitable years in a row build equity to €152k.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Equity above €100kEq €113k ▲14.6%
2 profitable years in a row build equity to €113k.
Show earlier events
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
20-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 81 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brussel · 1 establishment unit since 2011
Ground area
71 m²
Parcel 21809K0065/00G012, Brussels. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Zuidstraat 165, 1000 Brussel
since 20112.204.740.021
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0065/00G012 | Brussels | 70 m² | - | - |
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.
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Of 4,238 companies in sector 47789 we hold annual accounts for 1,019. 818 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
Founded07-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47789Other retail sale of new goods
Scores and ratios are computed by Checked and are not a credit decision.