PHILAX
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 01-01-2023 was due by 01-08-2023 and was filed on 27-02-2024, 210 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2023
210 d late
2022
26 d early
2021
23 d early
2020
33 d early
2019
23 d early
2018
8 d early
2017
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 11 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€15.4m=
2022 · €15.4m
Total assets
€23.4m▲ 17.2%
2022 · €19.9m
Net result
€0▼ 100%
2022 · €226,068
Working capital
-€877,073
2022 · €496,432
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
Line20192020202120222023
Operating result€94,062▼ 32.6%€80,975▼ 13.9%€30,685▼ 62.1%€254,375▲ 729%€0▼ 100%
Net result€27,173▼ 49.8%-€19,876€2.2m€226,068▼ 89.7%€0▼ 100%
Equity€14.4m▲ 0.2%€12.9m▼ 10.3%€15.1m▲ 16.9%€15.4m▲ 1.5%€15.4m=
Total assets€19.5m▲ 4.5%€18.0m▼ 7.6%€18.7m▲ 4.1%€19.9m▲ 6.6%€23.4m▲ 17.2%
Debt€5.0m▲ 19.1%€5.0m=€3.6m▼ 28.9%€4.6m▲ 28.0%€8.0m▲ 74.4%
Working capital-€1.5m▼ 12.5%-€703,590▲ 52.0%€1.2m€496,432▼ 57.4%-€877,073
Staff (FTE)4.3=4.4▲ 2.3%4.4=3.8▼ 13.6%3.8=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result -100% on 2022. Cause not known from the registers.
- 2022 Net result -90% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result is zero in 2023, compared with €254,375 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €23.4m
Fixed assets
€20.8m ▲ 22.0%
Current assets
€2.6m ▼ 10.9%
Equity and liabilities €23.4m
Equity
€15.4m =
Provisions
€2,889
Debt
€8.0m ▲ 74.4%
Debt's share of the balance-sheet total rises from 23.0% to 34.3%. Debt is higher.
Key figures and ratios
EBITDA
€0▼
2022 · €341,513
Cash flow
€0▼
2022 · €313,206
Current ratio
0.75▼
2022 · 1.21
Debt to equity
0.52▲
2022 · 0.30
ROE
0.0%▼
2022 · 1.5%
ROA
0.0%▼
2022 · 1.1%
Debt ≤ 1 year
€3.5m▲
2022 · €2.4m
Debt > 1 year
€4.5m▲
2022 · €2.2m
Staff costs
€0▼
2022 · €205,184
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €185,948 | €204,024 | €205,184 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €118,732 | €108,718 | €87,138 | €87,138 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €12,888 | €12,846 | €13,369 | €0 | ▼ 100% |
| Gross operating margin9900 | €419,095 | €388,529 | €334,693 | €560,066 | €0 | ▼ 100% |
| Operating profit (loss)9901 | €94,062 | €80,975 | €30,685 | €254,375 | €0 | ▼ 100% |
| Financial income75/76B | - | €22,597 | €2.2m | €25,562 | €0 | ▼ 100% |
| Recurring financial income75 | €31,782 | €22,597 | €2.2m | €25,562 | €0 | ▼ 100% |
| Financial charges65/66B | - | €123,448 | €64,956 | €53,869 | €0 | ▼ 100% |
| Recurring financial charges65 | €98,672 | €123,448 | €64,956 | €53,869 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €27,173 | -€19,876 | €2.2m | €226,068 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €27,173 | -€19,876 | €2.2m | €226,068 | €0 | ▼ 100% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €6.0m | - |
| Profit (loss) for the period to be appropriated9905 | €27,173 | -€19,876 | €2.2m | €226,068 | -€6.0m | ▼ 2,761% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.5m | €18.0m | €18.7m | €19.9m | €23.4m | ▲ 17.2% |
| Fixed assets21/28 | €17.3m | €15.8m | €16.1m | €17.0m | €20.8m | ▲ 22.0% |
| Tangible fixed assets22/27 | €4.5m | €2.9m | €2.8m | €2.7m | €13.5m | ▲ 396% |
| Land and buildings22 | - | €2.9m | €2.8m | €2.7m | €13.5m | ▲ 396% |
| Financial fixed assets28 | €12.9m | €12.9m | €13.3m | €14.3m | €7.2m | ▼ 49.5% |
| Current assets29/58 | €2.2m | €2.2m | €2.6m | €2.9m | €2.6m | ▼ 10.9% |
| Stocks and contracts in progress3 | €68,305 | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €2.0m | €2.0m | €2.6m | €2.9m | €2.4m | ▼ 15.5% |
| Trade receivables40 | - | €33,651 | €5,930 | €227,124 | €227,124 | = |
| Other amounts receivable41 | - | €1.9m | €2.5m | €2.6m | €2.2m | ▼ 16.9% |
| Cash at bank and in hand54/58 | €13,821 | €250,217 | €8,381 | €21,381 | €145,969 | ▲ 583% |
| Deferred charges and accrued income490/1 | - | €20,063 | €5,414 | €21,301 | €25,378 | ▲ 19.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.5m | €18.0m | €18.7m | €19.9m | €23.4m | ▲ 17.2% |
| Equity10/15 | €14.4m | €12.9m | €15.1m | €15.4m | €15.4m | = |
| Contributions10/11 | €10.4m | €9.3m | €9.3m | €9.3m | €9.3m | = |
| Reserves13 | €4.1m | €3.6m | €5.8m | €6.1m | €12.1m | ▲ 99.3% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €6.0m | - |
| Distributable reserves133 | - | €3.6m | €5.8m | €6.1m | €6.1m | = |
| Profit (loss) carried forward14 | - | - | - | - | -€6.0m | - |
| Provisions and deferred taxes16 | - | - | - | - | €2,889 | - |
| Deferred taxes168 | - | - | - | - | €2,889 | - |
| Amounts payable17/49 | €5.0m | €5.0m | €3.6m | €4.6m | €8.0m | ▲ 74.4% |
| Amounts payable after more than one year17 | €1.4m | €2.1m | €2.2m | €2.2m | €4.5m | ▲ 109% |
| Financial debts170/4 | - | €2.1m | €2.2m | €2.2m | €4.5m | ▲ 109% |
| Amounts payable within one year42/48 | €3.6m | €2.9m | €1.4m | €2.4m | €3.5m | ▲ 43.6% |
| Current portion of amounts payable after more than one year42 | - | €568,316 | €237,957 | €263,790 | €754,159 | ▲ 186% |
| Financial debts43 | - | - | €300,855 | €4,083 | €15,861 | ▲ 288% |
| Credit institutions430/8 | - | - | €300,855 | €4,083 | €15,861 | ▲ 288% |
| Trade debts44 | €15,264 | €29,947 | €9,586 | €32,531 | €44,687 | ▲ 37.4% |
| Suppliers440/4 | - | €29,947 | €9,586 | €32,531 | €44,687 | ▲ 37.4% |
| Taxes, remuneration and social security45 | - | €40,317 | €28,980 | €28,019 | €47,452 | ▲ 69.4% |
| Taxes450/3 | - | €26,553 | €4,709 | €6,542 | €21,935 | ▲ 235% |
| Remuneration and social security454/9 | - | €13,764 | €24,271 | €21,477 | €25,517 | ▲ 18.8% |
| Other amounts payable47/48 | - | €2.3m | €825,740 | €2.1m | €2.6m | ▲ 25.0% |
| Accrued charges and deferred income492/3 | - | €3,563 | €3,872 | €0 | €4,862 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,173 | -€19,876 | €2.2m | €226,068 | €0 | ▼ 100% |
| + Depreciation and write-downs630 | €118,732 | €108,718 | €87,138 | €87,138 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €145,905 | €88,842 | €2.3m | €313,206 | €0 | ▼ 100% |
| Investment in fixed assets (approximation) | - | €1.4m | -€480,000 | -€971,612 | -€3.7m | ▼ 285% |
| Change in cash | - | €236,396 | -€241,836 | €13,000 | €124,588 | ▲ 858% |
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
2024
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 210 days late
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €2.2m
Net result €2.2m after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.83
Current ratio from 0.76 to 1.83; short-term debt falls from €2.9m to €1.4m.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€19,876
Net result drops to -€19,876, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
25-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Structure & network
Owners and holdings
6 holdingsOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 6
-
99.95%
-
99.92%
-
99.5%
-
66.67%
-
50%
-
49.98%
According to the 2021 annual accounts of PHILAX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
549300HNNQNLIH84Y737