PHILCO

Active

Private limited companyfounded 198937 yrs activeEssenhoutstraat 19 B2, 2950 Kapellen, BelgiumKBO/BCE: BE 0438.114.851

Summary

PHILCO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172,750 and a net result of €44,955. Equity is growing by ~32.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 12348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch Report Compare

PHILCOActiveChecked score 99/100

Risk analysis Report Compare

Activity

Agents in the wholesale of textiles, clothing, fur, footwear and leather goods

NACE 46160

1 site

Size

€193,338total assets 2025

Equity: €172,750
Profit: €44,955

Turnover not published (abridged schema)

Financial health

99 Excellent Checked score 2025

Bankruptcy chance 12 m: < 0.1%

Structure

Accounts 16 d early0 of 3 deeds read

Why 99+ Liquidity: current ratio 9.09, cash €164,462+ Equity €172,750 (89.4% of total assets)+ Founded in 1989+ Figures for FY 2025 (filed 15-01-2026)Show the evidence

Checked score

Score 2025

99 / 100

Excellent

Probability in this band: under 0.55%

Better than 89% of its sector peers (NACE 46, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 100=

equity 89.4% of total assets

Liquidity 100+2

short-term debt 10.6% · cash 85.1%

Profitability 98-2

return on assets 23.3%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,765 companies)

Last 12 months 11-2025: < 0.1% 12-2025: < 0.1%▲ +3.6% vs 11-2025 01-2026: < 0.1%▲ +17.2% vs 12-2025highest value 02-2026: < 0.1%▼ -20.6% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%▼ -3.7% vs 06-2026lowest value 08-2026: < 0.1%● 0.0% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value

Liquidity: current ratio 9.09, cash €164,462 lowers the probability
Equity €172,750 (89.4% of total assets) lowers the probability
Founded in 1989 lowers the probability for this profile
Figures for FY 2025 (filed 15-01-2026) lowers the probability

Credit up to €17,000 at 30 days acceptable

Liquidity ample (current ratio 9.09 against 7.0 in 2024; short-term debt: 10.6% and cash: 85.1% of total assets), and 10.6% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 90%, liquidity 95%, profitability 89%, growth against the median 84%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Liquidity: current ratio 9.09, cash €164,462

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Equity €172,750 (89.4% of total assets)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Founded in 1989

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Figures for FY 2025 (filed 15-01-2026)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-01-2026, 16 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

16 d early

2024

59 d early

2023

21 d early

2022

20 d early

2021

18 d early

2020

25 d early

2019

56 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 11 January (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

30-06-2026 close02-10-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

15-01-26 Annual accounts filedfiscal year 2025 · micro…
30-06-25 Equity above €150,000Eq €172,750 ▲35.2%
03-12-24 Annual accounts filedfiscal year 2024 · micro…

Key points

Positive: Among the best 12% on solvencysector median 42.1% · 12,348 companies 89.4% View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Positive: 7 profitable years in a rowprofit 2025: €44,955 7 years View