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PHILIBA

Active
Private limited companyfounded 20232 yrs activeIndustrielaan 33, 8820 Torhout, BelgiumKBO/BCE: BE 1001.628.334
Summary

PHILIBA has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€5,792) and a net result of -€55,792. Its solvency ranks better than 27% of 3023 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes
Profitability28
Solvency25
Growth-
Track record67
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04; short-term debt: 30.2% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-0.4%
Return on assets
-4%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2024
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 29 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 25 October 2023, PHILIBA was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€5,792
Total assets
€1.4m
Net result
-€55,792
Working capital
-€405,948

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €1.4m
Fixed assets €1.4m
Current assets €16,386
Key figures and ratios
2024 value
EBITDA
€97,532
Cash flow
€41,926
Solvency
-0.4%
Current ratio
0.04
Quick ratio
0.04
ROA
-4.0%
Interest coverage
1.67
Debt
€1.4m
Debt ≤ 1 year
€422,335
Debt > 1 year
€976,214
A ratio outside any meaningful range has been withheld (balance sheet total €1.4m, equity -€5,792).

Peer companies

Historical observation

Of the 1,253 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a small loss
0.9% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,253 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 43 lines
Balance sheet Code2024
Assets
Total assets20/58€1.4m
Fixed assets21/28€1.4m
Intangible fixed assets21€88,142
Tangible fixed assets22/27€1.3m
Land and buildings22€844,634
Plant, machinery and equipment23€316,075
Leasing and similar rights25€131,931
Current assets29/58€16,386
Stocks and contracts in progress3€1,122
Stocks30/36€1,122
Amounts receivable within one year40/41€15,264
Trade receivables40€14,256
Other amounts receivable41€1,008
Equity and liabilities
Total equity and liabilities10/49€1.4m
Equity10/15-€5,792
Contributions10/11€50,000
Profit (loss) carried forward14-€55,792
Amounts payable17/49€1.4m
Amounts payable after more than one year17€976,214
Financial debts170/4€976,214
Amounts payable within one year42/48€422,335
Current portion of amounts payable after more than one year42€76,629
Financial debts43€2,478
Credit institutions430/8€2,478
Trade debts44€19,786
Suppliers440/4€19,786
Taxes, remuneration and social security45€4,746
Taxes450/3€3,988
Remuneration and social security454/9€759
Other amounts payable47/48€318,695
Accrued charges and deferred income492/3€4,411
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97,718
Other operating charges640/8€1,326
Gross operating margin9900€98,859
Operating profit (loss)9901-€185
Financial income75/76B€2,690
Recurring financial income75€2,690
Financial charges65/66B€58,296
Recurring financial charges65€58,296
Profit (loss) for the period before taxes9903-€55,792
Profit (loss) for the period9904-€55,792
Profit (loss) for the period to be appropriated9905-€55,792
Appropriation of the result
Profit (loss) to be appropriated9906-€55,792

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97,718
Other operating charges640/8€1,326
Gross operating margin9900€98,859
Operating profit (loss)9901-€185
Financial income75/76B€2,690
Recurring financial income75€2,690
Financial charges65/66B€58,296
Recurring financial charges65€58,296
Profit (loss) for the period before taxes9903-€55,792
Profit (loss) for the period9904-€55,792
Profit (loss) for the period to be appropriated9905-€55,792
Line2024
Assets
Total assets20/58€1.4m
Fixed assets21/28€1.4m
Intangible fixed assets21€88,142
Tangible fixed assets22/27€1.3m
Land and buildings22€844,634
Plant, machinery and equipment23€316,075
Leasing and similar rights25€131,931
Current assets29/58€16,386
Stocks and contracts in progress3€1,122
Stocks30/36€1,122
Amounts receivable within one year40/41€15,264
Trade receivables40€14,256
Other amounts receivable41€1,008
Equity and liabilities
Total equity and liabilities10/49€1.4m
Equity10/15-€5,792
Contributions10/11€50,000
Profit (loss) carried forward14-€55,792
Amounts payable17/49€1.4m
Amounts payable after more than one year17€976,214
Financial debts170/4€976,214
Amounts payable within one year42/48€422,335
Current portion of amounts payable after more than one year42€76,629
Financial debts43€2,478
Credit institutions430/8€2,478
Trade debts44€19,786
Suppliers440/4€19,786
Taxes, remuneration and social security45€4,746
Taxes450/3€3,988
Remuneration and social security454/9€759
Other amounts payable47/48€318,695
Accrued charges and deferred income492/3€4,411
Line2024
Profit (loss) for the period9904-€55,792
+ Depreciation and write-downs630€97,718
Operating cash flow (approximation)€41,926

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Torhout · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,282 m²
Parcel 31522B0506/00S000, Flanders. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
U-FIT
Industrielaan 33, 8820 TorhoutAgents in the wholesale of food, beverages and tobacco
since 20232.351.982.655
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31522B0506/00S000 Flanders 1,282 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Torhout2.351.982.655
1 permission
Drankgelegenheid · since 15-05-2024

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,520 companies in sector 93130 we hold annual accounts for 690. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded25-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
93130Fitness centres
56301Cafés and bars
85510Sports and recreation education
E-invoicing
Reachable via Peppol
Peppol ID 0208:1001628334
Also 9925:BE1001628334
Registered 20-02-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.