PHILIPPE BURNET
ActivePHILIPPE BURNET has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-72k) and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 3292 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+85
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.39 in 2024; short-term debt: 139.7% and cash: 65% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
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 2025Solvency, return and age of the figures
Solvency
-55.4%
Return on assets
13.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 3292 sector peers (2025).
NBB · sector comparisonPosition among 3292 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
16 d early
2023
8 d early
2022
27 d early
2021
23 d late
2020
16 d early
2019
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-72k▲ 19.2%
2024 · €-89k
2018: €-35k
2019: €-25k
2020: €-912
2021: €21k
2022: €5k
2023: €-51k
2024: €-89k
2018 → 2025
Total assets
€130k▲ 3.9%
2024 · €125k
2018: €191k
2019: €193k
2020: €210k
2021: €240k
2022: €218k
2023: €167k
2024: €125k
2018 → 2025
Net result
€17k
2024 · €-39k
2018: €10k
2019: €10k
2020: €24k
2021: €22k
2022: €-16k
2023: €-55k
2024: €-39k
2018 → 2025
Working capital
€-91k▲ 20.4%
2024 · €-115k
2018: €-90k
2019: €-80k
2020: €-41k
2021: €-8k
2022: €-25k
2023: €-83k
2024: €-115k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€5k▼ 77.5%€-51k€-89k▼ 76.4%€-72k▲ 19.2%
Operating result€35k-€-14k€-53k▼ 277%€-37k▲ 31.1%€19k
Net result€22k-€-16k€-55k▼ 239%€-39k▲ 30.1%€17k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19k after a loss of €37k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets
€40k▼ 21.4%
Current assets
€91k▲ 20.9%
Key figures and ratios
EBITDA
€30k▲
2024 · €-26k
Cash flow
€28k▲
2024 · €-28k
Solvency
-55.4%▲
2024 · -71.3%
Current ratio
0.50▲
2024 · 0.39
Quick ratio
0.50▲
2024 · 0.39
Debt / equity
-2.80▼
2024 · -2.40
ROA
13.2%▲
2024 · -30.9%
Interest coverage
20.29▲
2024 · -15.92
Debt
€202k▼
2024 · €215k
Debt ≤ 1 year
€182k▼
2024 · €190k
Debt > 1 year
€21k▼
2024 · €25k
Income taxes
€336▲
2024 · €327
Staff costs
€22k▼
2024 · €35k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€125k€130k▲
Fixed assets21/28€50k€40k▼
Tangible fixed assets22/27€50k€40k▼
Land and buildings22€35k€30k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€12k€7k▼
Financial fixed assets28€148€148=
Current assets29/58€75k€91k▲
Amounts receivable within one year40/41€6k€2k▼
Trade receivables40€6k€2k▼
Cash at bank and in hand54/58€65k€85k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€125k€130k▲
Equity10/15€-89k€-72k▲
Contributions10/11€12k€12k=
Capital10€12k€12k=
Issued capital100€19k€19k=
Uncalled capital101€6k€6k=
Reserves13€9k€9k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-110k€-93k▲
Amounts payable17/49€215k€202k▼
Amounts payable after more than one year17€25k€21k▼
Financial debts170/4€25k€21k▼
Amounts payable within one year42/48€190k€182k▼
Current portion of amounts payable after more than one year42€4k€5k▲
Trade debts44€14k€8k▼
Suppliers440/4€14k€8k▼
Taxes, remuneration and social security45€12k€11k▼
Taxes450/3€4k€5k▲
Remuneration and social security454/9€9k€5k▼
Other amounts payable47/48€159k€158k▼
Income statement
Code20242025
Remuneration, social security and pensions62€35k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▼
Other operating charges640/8-€99
Gross operating margin9900€10k€52k▲
Operating profit (loss)9901€-37k€19k▲
Financial income75/76B€1€1▼
Recurring financial income75€1€1▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-38k€17k▲
Income taxes67/77€327€336▲
Profit (loss) for the period9904€-39k€17k▲
Profit (loss) for the period to be appropriated9905€-39k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-110k€-93k▲
Profit (loss) brought forward from the previous period14P€-72k€-110k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €17k
Net result €17k after 3 loss-making years.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €24k ▲129%
Net result €24k, the highest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2008
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.
Moskoustraat 21060 Sint-Gillis (bij-Brussel)Ground area
2,222 m²
Building footprint
1,074 m²
Volume, LiDAR
18,740 m³
2 parcels, Brussels · tallest building 24.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
PHILIPPE BURNET
since 20082.174.262.918
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0193/00B006 | Brussels | 1,270 m² | 1 · 644 m² | 24.1 m · 6 fl. |
| 21522B0638/00M000 | Brussels | 953 m² | 1 · 430 m² | 20.7 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,058 companies in sector 69101 we hold annual accounts for 9,052. 2,985 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-11-2006
Fiscal year end31-12
Activities, NACEBEL
69101Activities of lawyers
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.