Equity
€319,139 ▲ 14×
Equity rose in 2025 from €23,596 to €319,139.
PHILEFCO
Lifetime
19 annual accounts with figures on one time axis, 25 filings since 2001peak €525,103 (2007)
€470,295▲ 35.6%
lowest -€130,153 (2016)
€295,544▲ €304,415
peak €339,235 (2013)
€319,139▲ 14×
€141,015▼ 73.4%
peak 22.6 FTE (2008)
2.5 FTE▼ 65.8%
Board2 names since 2022
1 directorPhilippe LEFEBVRE
Documentsfilings and deeds
18-12-202544 days before the deadline
2025financial year
Gross margin from €346,838 to €470,295Back to profit: €295,544Staff from 7.3 FTE to 2.5 FTEEquity from €23,596 to €319,139Debts from €529,418 to €141,015Investments €164,309
Key points
from the 2025 annual accountsTurnover
≈ €1.7m estimated
The accounts state no turnover.
Investments
€330,247 10.5 × depreciation
Green is investment, beige is depreciation.
Staff
2.5 FTE from 22.6 in 2008
Between 2008 and 2025, 89% of the full-time equivalents disappeared.
Filings
25 annual accounts since 2001
The 2020 accounts came 1 day late. The other nine of the last ten were filed on time.
Position in the sector
€295,544
Higher net result than 82% of companies in retail trade. Sector median €39,880 · 5,067 companies.
Checked score
86
Excellent
Financially stronger than 84% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.8%● unchanged vs 12-2024
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 1.8%● unchanged vs 02-2025
04-2025: 1.8%● unchanged vs 03-2025
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.8%● unchanged vs 05-2025
07-2025: 1.8%● unchanged vs 06-2025
08-2025: 1.8%● unchanged vs 07-2025
09-2025: 1.8%● unchanged vs 08-2025
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 2.1%▲ +0.3 percentage points vs 10-2025highest value
12-2025: 1.9%▼ -0.2 percentage points vs 11-2025
01-2026: 0.4%▼ -1.5 percentage points vs 12-2025lowest value
02-2026: 0.4%● unchanged vs 01-2026lowest value
03-2026: 0.4%● unchanged vs 02-2026lowest value
04-2026: 0.4%● unchanged vs 03-2026lowest value
05-2026: 0.4%● unchanged vs 04-2026lowest value
06-2026: 0.4%● unchanged vs 05-2026lowest value
07-2026: 0.4%● unchanged vs 06-2026lowest value
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.5%▲ +0.1 percentage points vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 0.68, cash €68,413
Equity €319,139 (69.4% of total assets)
Founded in 2000
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 80% of them on solvency, 61% on liquidity, 96% on profitability and 99% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as PHILEFCO has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PHILEFCO itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for PHILEFCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.68 (0.72 in 2024), below 1. Short-term debt is 30.6% and cash 14.9% of total assets. 30.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €319,139
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
57 days early
2023
29 days early
2022
50 days early
2021
49 days early
2020
1 day late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 13 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0472214509
Registered office moved from Tournai to Gaurain Ramecroix
New registered office: Rue Four du Clerc 2 à 7530 Gaurain Ramecroix · Previous registered office: Boulevard Walter de Marvis 18 à 7500 Tournai · General meeting of 22-11-2024 · Gazette deed
Reappointment: Philippe LEFEBVRE (director)
Appointment: Serge COLLIE (administrateur subsidiaire non statutaire) · Director discharge: Philippe LEFEBVRE (gérant démissionnaire) · General meeting of 14-09-2022 · Gazette deed
First establishment
LA PETITE BROCANTE, Rue Four du Clerc (G-R) 2, Tournai
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PHILEFCO Tournai | €0.5m | €0.5m | 69.4% | 2.5 |
| Les Tissus du Sablon Brussels | €0.5m | €0.1m | 37.4% | 2.6 |
| PROMETHEE Saint-Ghislain | €0.4m | €0.3m | 45.0% | 2 |
| INTERART - INTERGIFT Bruges | €0.9m | €0.2m | 32.7% | 2.9 |
| MSSN Brussels | €1.2m | €0.3m | 10.4% | 2.1 |
| ANTIQUES BELGIUM Roeselare | €0.9m | €1.1m | 71.9% | 4 |
| GOLDWOOD INTERIORS Antwerp | €0.9m | €0.3m | 34.9% | 3.7 |
These companies have the same main activity as PHILEFCO: retail sale of antiques (NACE 47791). They are comparable in size and age: total assets between €367,000 and €1.2m, founded between 1988 and 2012.
Official details
Source: KBO- Status
- Active since 28-06-2000Normal situation
- Activity
- Retail sale of antiquesNACE 47791and 5 others
- Establishment unit
- 2.334.616.2897530 Tournai, since 01-09-2022
- Financial year end
- 30 June
- Peppol
- Reachable since 22-12-2025
Annual accounts to 30-06-2025
- €460,155▼ 16.8%
- Filing
- Filed on 18-12-2025, 44 days before the end of the filing period
Insights on PHILEFCO
The gross margin has grown every year since 2022. Solvency rose in 2025 from 4.3% to 69.4% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PHILEFCO
- What is the company number of PHILEFCO?
- The company number of PHILEFCO is 0472.214.509. The VAT number is the same number with BE in front: BE 0472.214.509.
- Where is PHILEFCO based?
- The registered office is at Rue Four du Clerc (G-R) 2, 7530 Tournai.Company details
- What does PHILEFCO do?
- According to the KBO register, the main activity is retail sale of antiques (NACE 47791).
- What is the legal form of PHILEFCO?
- PHILEFCO is a private limited company (BV).
- When was PHILEFCO founded?
- PHILEFCO was founded on 28-06-2000.
- Is PHILEFCO still active?
- Yes, PHILEFCO is an active enterprise in the KBO register.
- How many employees does PHILEFCO have?
- PHILEFCO had an average of 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PHILEFCO?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €470,295 and 47 comparable companies (NACE 477). It probably lies between €1.3m and €2.6m.
- Is PHILEFCO profitable?
- In financial year 2025, PHILEFCO made a profit of €295,544.
- Where can I find the annual accounts of PHILEFCO?
- PHILEFCO filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PHILEFCO due?
- PHILEFCO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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