PHILIPPART
ActivePHILIPPART has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €200k and a net result of €-16k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 75% of 2091 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
70
/ 100
Healthy▼ -16 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-17
Solvency98▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity ample (current ratio 3.52 against 3.84 in 2023), and 41.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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 2024Solvency, return and age of the figures
Solvency
58.2%
Return on assets
-4.8%
Age of the figures
30 mo
raises risk · Annual accounts not filed
The financial year that closed on 31-03-2025 was due at the National Bank by 31-10-2025. Nothing is on record, 319 days later.
NBB · 10 filingsPosition against the passed deadline
31-03-2025 close31-10-2025 deadline15-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 10-02-2026, 467 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
467 d late
2023
206 d late
2022
50 d late
2021
86 d late
2020
27 d late
2019
36 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€200k▼ 7.6%
2023 · €217k
2019: €194k
2020: €204k
2021: €192k
2022: €209k
2023: €217k
2019 → 2024
Total assets
€344k▼ 11.6%
2023 · €389k
2019: €446k
2020: €400k
2021: €402k
2022: €374k
2023: €389k
2019 → 2024
Net result
€-16k
2023 · €7k
2019: €15k
2020: €10k
2021: €-12k
2022: €18k
2023: €7k
2019 → 2024
Working capital
€143k▲ 0.4%
2023 · €142k
2019: €319
2020: €44k
2021: €86k
2022: €83k
2023: €142k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€204k-€192k▼ 5.8%€209k▲ 9.1%€217k▲ 3.4%€200k▼ 7.6%
Operating result€17k-€-8k€21k€7k▼ 64.9%€-5k
Net result€10k-€-12k€18k€7k▼ 58.9%€-16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €5k after €7k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €344k
Fixed assets
€145k▼ 26.5%
Current assets
€199k▲ 3.7%
Equity and liabilities €344k
Equity
€200k▼ 7.6%
Debt
€144k▼ 16.7%
The debt ratio falls from 44.3% to 41.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€47k▼
2023 · €60k
Cash flow
€36k▼
2023 · €60k
Solvency
58.2%▲
2023 · 55.7%
Current ratio
3.52▼
2023 · 3.84
Quick ratio
3.33▼
2023 · 3.53
Debt / equity
0.72▼
2023 · 0.80
ROE
-8.2%▼
2023 · 3.3%
ROA
-4.8%▼
2023 · 1.9%
Interest coverage
3.69▼
2023 · 8.81
Debt
€144k▼
2023 · €173k
Debt ≤ 1 year
€57k▲
2023 · €50k
Debt > 1 year
€87k▼
2023 · €88k
Income taxes
€6k▲
2023 · €290
Staff costs
€166k▲
2023 · €119k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€389k€344k▼
Fixed assets21/28€197k€145k▼
Intangible fixed assets21€3k€1k▼
Tangible fixed assets22/27€194k€143k▼
Land and buildings22€18k€17k▼
Plant, machinery and equipment23€169k€121k▼
Furniture and vehicles24€7k€5k▼
Financial fixed assets28€800€800=
Current assets29/58€192k€199k▲
Stocks and contracts in progress3€15k€11k▼
Stocks30/36€15k€11k▼
Amounts receivable within one year40/41€168k€177k▲
Trade receivables40€20k€27k▲
Other amounts receivable41€148k€150k▲
Cash at bank and in hand54/58€5k€6k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€389k€344k▼
Equity10/15€217k€200k▼
Contributions10/11€130k€143k▲
Reserves13€93k€80k▼
Non-distributable reserves130/1€20k€7k▼
Reserves not available under the articles1311€13k-
Other1319€7k€7k=
Tax-exempt reserves132€1k€1k=
Distributable reserves133€72k€72k=
Profit (loss) carried forward14€-7k€-23k▼
Amounts payable17/49€173k€144k▼
Amounts payable after more than one year17€88k€87k▼
Financial debts170/4€88k€87k▼
Amounts payable within one year42/48€50k€57k▲
Current portion of amounts payable after more than one year42€22k€22k▲
Financial debts43€13k-
Credit institutions430/8€13k-
Trade debts44€4k€7k▲
Suppliers440/4€4k€7k▲
Taxes, remuneration and social security45€11k€27k▲
Taxes450/3€1k€15k▲
Remuneration and social security454/9€9k€13k▲
Accrued charges and deferred income492/3€35k-
Income statement
Code20232024
Remuneration, social security and pensions62€119k€166k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€53k▲
Other operating charges640/8€10k€13k▲
Gross operating margin9900€190k€226k▲
Operating profit (loss)9901€7k€-5k▼
Financial income75/76B€7k€8k▲
Recurring financial income75€7k€8k▲
Financial charges65/66B€7k€13k▲
Recurring financial charges65€7k€13k▲
Profit (loss) for the period before taxes9903€8k€-10k▼
Income taxes67/77€290€6k▲
Profit (loss) for the period9904€7k€-16k▼
Profit (loss) for the period to be appropriated9905€7k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-23k▼
Profit (loss) brought forward from the previous period14P€-14k€-7k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 467 days late
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 206 days late
31-03
Financial
Weakest financial yearnet €-16k ▼328%
Net result drops to €-16k, the lowest in the series.
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
31-03
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-03
Financial
Equity above €200kEq €209k ▲9.1%
Equity rises from €192k to €209k.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
31-03
Financial
Equity above €200kEq €204k ▲5.1%
2 profitable years in a row build equity to €204k.
2019
06-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 36 days late
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 45 days late
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Houffalize · 1 establishment unit since 1984
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Roi-Albert 246660 HouffalizeGround area
428 m²
Building footprint
234 m²
Volume, LiDAR
2,229 m³
Parcel 82014A0152/00F000, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Place Roi-Albert 24, 6660 Houffalize
since 19842.024.518.969
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82014A0152/00F000 | Wallonia | 428 m² | 1 · 234 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteHouffalize2.024.518.969
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LES BARALBINS
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Banketbakkerij Gheysen
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Of 4,200 companies in sector 10712 we hold annual accounts for 1,851. 1,517 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-1984
Fiscal year end31-03
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
15812
47241Retail sale of bread and pastry (bakery outlets)
52240
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.