PHILIMAR
ActiveSummary
PHILIMAR has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €320,257 and a net result of €15,149. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency80▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.14 in 2024; short-term debt: 43.3% and cash: 44.6% of total assets), and 44.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.4%
Return on assets
2.6%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-10-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
1 d early
2023
1 d early
2022
11 d early
2021
6 d early
2020
30 d late
2019
31 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 4 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€320,257▲ 5.0%
2024 · €305,108
Total assets
€577,883▲ 0.3%
2024 · €576,353
Net result
€15,149▲ 38.4%
2024 · €10,948
Working capital
€76,716▲ 121%
2024 · €34,783
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,415▲ 19.6%€23,306▼ 11.8%€16,645▼ 28.6%€15,120▼ 9.2%€20,728▲ 37.1%
Net result€14,328within the sector's middle half▲ 92.7%€12,028within the sector's middle half▼ 16.1%€14,562within the sector's middle half▲ 21.1%€10,948within the sector's middle half▼ 24.8%€15,149within the sector's middle half▲ 38.4%
Equity€267,569above the sector's middle half▲ 5.7%€279,597above the sector's middle half▲ 4.5%€294,160above the sector's middle half▲ 5.2%€305,108above the sector's middle half▲ 3.7%€320,257above the sector's middle half▲ 5.0%
Total assets€623,869above the sector's middle half▲ 0.2%€619,327above the sector's middle half▼ 0.7%€602,925above the sector's middle half▼ 2.6%€576,353above the sector's middle half▼ 4.4%€577,883above the sector's middle half▲ 0.3%
Debt€356,300▼ 3.6%€339,730▼ 4.7%€308,765▼ 9.1%€271,245▼ 12.2%€257,626▼ 5.0%
Working capital-€48,861▲ 19.9%-€23,447▲ 52.0%-€9,909▲ 57.7%€34,783€76,716▲ 121%
Solvency42.9%within the sector's middle half▲ 2.2pp45.1%within the sector's middle half▲ 2.3pp48.8%within the sector's middle half▲ 3.6pp52.9%within the sector's middle half▲ 4.1pp55.4%within the sector's middle half▲ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 37% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €577,883
Fixed assets
€250,978 ▼ 11.9%
Current assets
€326,905 ▲ 12.1%
Equity and liabilities €577,883
Equity
€320,257 ▲ 5.0%
Debt
€257,626 ▼ 5.0%
Debt's share of the balance-sheet total falls from 47.1% to 44.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62,167▲
2024 · €57,752
Cash flow
€56,589▲
2024 · €53,580
Current ratio
1.31▲
2024 · 1.14
Debt to equity
0.80▼
2024 · 0.89
ROE
4.7%▲
2024 · 3.6%
ROA
2.6%▲
2024 · 1.9%
Interest coverage
300.88▲
2024 · 176.48
Debt ≤ 1 year
€250,189▼
2024 · €256,735
Debt > 1 year
€7,437=
2024 · €7,437
Income taxes
€5,445▲
2024 · €3,902
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 14,684 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,594 | €40,194 | €41,957 | €42,631 | €41,439 | ▼ 2.8% |
| Other operating charges640/8 | - | €1,523 | €1,559 | €1,707 | €1,779 | ▲ 4.2% |
| Gross operating margin9900 | €65,521 | €65,023 | €60,161 | €59,458 | €63,947 | ▲ 7.5% |
| Operating profit (loss)9901 | €26,415 | €23,306 | €16,645 | €15,120 | €20,728 | ▲ 37.1% |
| Financial income75/76B | - | - | - | €58 | €72 | ▲ 25.3% |
| Recurring financial income75 | €13 | - | - | €58 | €72 | ▲ 25.3% |
| Financial charges65/66B | - | €11,282 | €565 | €327 | €207 | ▼ 36.9% |
| Recurring financial charges65 | €12,109 | €11,282 | €565 | €327 | €207 | ▼ 36.9% |
| Profit (loss) for the period before taxes9903 | €14,319 | €12,024 | €16,080 | €14,851 | €20,594 | ▲ 38.7% |
| Income taxes67/77 | -€8 | -€4 | €1,518 | €3,902 | €5,445 | ▲ 39.5% |
| Profit (loss) for the period9904 | €14,328 | €12,028 | €14,562 | €10,948 | €15,149 | ▲ 38.4% |
| Profit (loss) for the period to be appropriated9905 | €14,328 | €12,028 | €14,562 | €10,948 | €15,149 | ▲ 38.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €623,869 | €619,327 | €602,925 | €576,353 | €577,883 | ▲ 0.3% |
| Fixed assets21/28 | €375,525 | €346,449 | €324,649 | €284,834 | €250,978 | ▼ 11.9% |
| Tangible fixed assets22/27 | €375,500 | €346,424 | €324,624 | €284,809 | €250,953 | ▼ 11.9% |
| Land and buildings22 | - | €323,323 | €289,345 | €256,903 | €226,440 | ▼ 11.9% |
| Plant, machinery and equipment23 | - | €23,101 | €35,279 | €27,906 | €24,513 | ▼ 12.2% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €248,344 | €272,879 | €278,276 | €291,519 | €326,905 | ▲ 12.1% |
| Amounts receivable within one year40/41 | €130,651 | €140,551 | €96,931 | €72,351 | €48,841 | ▼ 32.5% |
| Trade receivables40 | - | €140,551 | €96,931 | €72,351 | €48,841 | ▼ 32.5% |
| Cash at bank and in hand54/58 | €113,713 | €132,328 | €172,195 | €219,168 | €257,824 | ▲ 17.6% |
| Deferred charges and accrued income490/1 | - | - | €9,150 | - | €20,240 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €623,869 | €619,327 | €602,925 | €576,353 | €577,883 | ▲ 0.3% |
| Equity10/15 | €267,569 | €279,597 | €294,160 | €305,108 | €320,257 | ▲ 5.0% |
| Contributions10/11 | €136,341 | €136,341 | €136,341 | €136,341 | €136,341 | = |
| Capital10 | - | €136,341 | €136,341 | €136,341 | €136,341 | = |
| Issued capital100 | - | €136,341 | €136,341 | €136,341 | €136,341 | = |
| Reserves13 | €117,617 | €118,218 | €118,946 | €119,494 | €119,494 | = |
| Non-distributable reserves130/1 | - | €12,296 | €13,024 | €13,571 | €13,571 | = |
| Legal reserve130 | - | €12,296 | €13,024 | €13,571 | €13,571 | = |
| Distributable reserves133 | - | €105,922 | €105,922 | €105,922 | €105,922 | = |
| Profit (loss) carried forward14 | €13,611 | €25,038 | €38,872 | €49,273 | €64,422 | ▲ 30.7% |
| Amounts payable17/49 | €356,300 | €339,730 | €308,765 | €271,245 | €257,626 | ▼ 5.0% |
| Amounts payable after more than one year17 | €51,370 | €33,938 | €16,318 | €7,437 | €7,437 | = |
| Financial debts170/4 | - | €26,501 | €8,881 | - | - | - |
| Other amounts payable178/9 | - | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Amounts payable within one year42/48 | €297,205 | €296,326 | €288,185 | €256,735 | €250,189 | ▼ 2.5% |
| Current portion of amounts payable after more than one year42 | - | €17,432 | €17,620 | - | - | - |
| Trade debts44 | €2,272 | €1,157 | €3,926 | €306 | €415 | ▲ 35.6% |
| Suppliers440/4 | - | €1,157 | €3,926 | €306 | €415 | ▲ 35.6% |
| Taxes, remuneration and social security45 | - | €6,500 | €1,518 | €3,891 | €5,423 | ▲ 39.4% |
| Taxes450/3 | - | €6,500 | €1,518 | €3,891 | €5,423 | ▲ 39.4% |
| Other amounts payable47/48 | - | €271,238 | €265,121 | €252,538 | €244,350 | ▼ 3.2% |
| Accrued charges and deferred income492/3 | - | €9,466 | €4,262 | €7,073 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,328 | €12,028 | €14,562 | €10,948 | €15,149 | ▲ 38.4% |
| + Depreciation and write-downs630 | €37,594 | €40,194 | €41,957 | €42,631 | €41,439 | ▼ 2.8% |
| Operating cash flow (approximation) | €51,922 | €52,222 | €56,519 | €53,580 | €56,589 | ▲ 5.6% |
| Investment in fixed assets (approximation) | - | -€11,118 | -€20,157 | -€2,817 | -€7,583 | ▼ 169% |
| Change in cash | - | €18,615 | €39,867 | €46,973 | €38,656 | ▼ 17.7% |
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
Next filing, fiscal year 2026, expected by
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €15,149 ▲38.4%
Net result €15,149, the highest in the series.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
06-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 acts for this company are 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, Zwalm · 1 establishment unit since 1997
Ground area
8,425 m²
Building footprint
602 m²
Volume, LiDAR
3,354 m³
Parcel 45045B0251/00H000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bosseveld(SBB) 2, 9630 Zwalm
since 19972.083.168.931
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45045B0251/00H000 | Flanders | 8,425 m² | 1 · 602 m² | 10.1 m · 2 fl. |
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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 37,745 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-08-1997
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461288745
Also
9925:BE0461288745
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.