Losses
-€93,807 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
PHILEMAR
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2003peak €325,521 (2020)
€798▲ €4,887
lowest -€49,491 (2024)
-€44,316▲ €5,175
peak €634,272 (2023)
€540,466▼ 7.6%
€1.4m▲ 60.1%
Board3 names since 2020
3 directorsLeo Daenen and 2 others
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from -€4,088 to €798Loss of €44,316Debts from €866,807 to €1.4mInvestments €637,197Cash from €226,833 to €105,652
Key points
from the 2025 annual accountsChecked score
89
Excellent
Financially stronger than 19% of small companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.1%▼ -0.1 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%▼ -0.2 percentage points vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 0.1%▼ -0.2 percentage points vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 of the last 3 accounts late
Loss of €44,316, the second in a row (financial year 2025)
lowers risk
Size: total assets €2.0m
Legal form: public limited company
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 (no NACE code, small). It does better than 32% of them on solvency, 17% on liquidity, 7% on profitability and 19% 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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 2,507 companies had the same profile as PHILEMAR has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PHILEMAR itself is lower: 0.1% within 12 months. It rests on far more data about PHILEMAR than the profile alone.
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 2,507 companies, not a prediction for PHILEMAR. 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 €45,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.09 (0.39 in 2024), below 1. Short-term debt is 57.3% and cash 5.2% of total assets. 73.3% 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€44,316
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
56 days late
2022
2 days early
2021
89 days late
2020
97 days late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 34 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (4 of the last 5 accounts filed within 57 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Board and ownership
Recent changes
3 directors appointed, 3 reappointments
Appointments: Philip Daenen, Marie Peeters and Leo Daenen · Reappointments: Philip Daenen (managing director), Marie Peeters (managing director) and Leo Daenen · General meeting of 28-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0477729552
First establishment
Paul Parmentierlaan 267, Knokke-Heist
Incorporation
published on 25-06-2002 · Gazette deed
Official details
Source: KBO- Status
- Active since 12-06-2002Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.096.305.0088300 Knokke-Heist, since 14-08-2002
- Financial year end
- 30 September
- Peppol
- Reachable since 29-10-2025
Annual accounts to 30-09-2025
- ≈ €6,100estimated
- €2.0m▲ 30.4%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on PHILEMAR
PHILEMAR files the micro format. That format states no turnover. The gross margin fell from €40,849 in 2007 to €798 in 2025.
In June 2026, the Official Gazette published the appointment of Marie Peeters as managing director.
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 PHILEMAR
- What is the company number of PHILEMAR?
- The company number of PHILEMAR is 0477.729.552. The VAT number is the same number with BE in front: BE 0477.729.552.
- Where is PHILEMAR based?
- The registered office is at Paul Parmentierlaan 267, 8300 Knokke-Heist.Company details
- What is the legal form of PHILEMAR?
- PHILEMAR is a public limited company (NV).
- When was PHILEMAR founded?
- PHILEMAR was founded on 12-06-2002.
- Is PHILEMAR still active?
- Yes, PHILEMAR is an active enterprise in the KBO register.
- What is the turnover of PHILEMAR?
- The turnover in financial year 2025 is ≈ €6,100. This figure is estimated from the gross margin of €798 and 6,297 comparable companies of the same size. It probably lies between €2,800 and €15,000. It is a rough estimate.Financials
- Is PHILEMAR profitable?
- In financial year 2025, PHILEMAR made a loss of €44,316.
- Where can I find the annual accounts of PHILEMAR?
- PHILEMAR filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PHILEMAR due?
- PHILEMAR must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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