PHILIPPE MALHERBE, AVOCAT
ActivePHILIPPE MALHERBE, AVOCAT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.69M and a net result of €51k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 1008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent▼ -17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▼-47
Solvency100=
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 12.75 against 5.53 in 2024), and 7.8% 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 · 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
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
92.2%
Return on assets
2.8%
Age of the figures
10 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 28-04-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
46 d early
2023
48 d early
2022
38 d early
2021
34 d early
2020
105 d early
2019
27 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€51k▼ 76.4%
2024 · €216k
2018: €189k
2019: €121k
2020: €92k
2021: €-50k
2022: €83k
2023: €92k
2024: €216k
2018 → 2025
Working capital
€1.67M▼ 0.6%
2024 · €1.68M
2018: €1.89M
2019: €2.03M
2020: €1.78M
2021: €1.68M
2022: €1.76M
2023: €1.55M
2024: €1.68M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.77M-€1.85M▲ 4.7%€1.62M▼ 12.4%€1.73M▲ 7.2%€1.69M▼ 2.8%
Operating result€-56k-€90k€102k▲ 13.3%€314k▲ 209%€61k▼ 80.6%
Net result€-50k-€83k€92k▲ 10.9%€216k▲ 135%€51k▼ 76.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.83M
Fixed assets
€11k▼ 79.2%
Current assets
€1.82M▼ 11.6%
Equity and liabilities €1.83M
Equity
€1.69M▼ 2.8%
Debt
€142k▼ 61.8%
The debt ratio falls from 17.7% to 7.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€73k▼
2024 · €329k
Cash flow
€63k▼
2024 · €230k
Solvency
92.2%▲
2024 · 82.3%
Current ratio
12.75▲
2024 · 5.53
Quick ratio
12.75▲
2024 · 5.21
Debt / equity
0.08▼
2024 · 0.21
ROE
3.0%▼
2024 · 12.4%
ROA
2.8%▼
2024 · 10.2%
Interest coverage
58.22▼
2024 · 395.20
Debt
€142k▼
2024 · €373k
Debt ≤ 1 year
€142k▼
2024 · €371k
Income taxes
€21k▼
2024 · €104k
Staff costs
€3k▼
2024 · €88k
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€2.11M€1.83M▼
Fixed assets21/28€51k€11k▼
Tangible fixed assets22/27€27k€11k▼
Furniture and vehicles24€27k€11k▼
Financial fixed assets28€24k€125▼
Current assets29/58€2.06M€1.82M▼
Stocks and contracts in progress3€121k-
Contracts in progress37€121k-
Amounts receivable within one year40/41€379k€403k▲
Trade receivables40€369k€398k▲
Other amounts receivable41€10k€5k▼
Current investments50/53€820k€827k▲
Cash at bank and in hand54/58€677k€583k▼
Deferred charges and accrued income490/1€58k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.11M€1.83M▼
Equity10/15€1.73M€1.69M▼
Contributions10/11€38k€38k=
Reserves13€1.70M€1.65M▼
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€1.69M€1.64M▼
Amounts payable17/49€373k€142k▼
Amounts payable within one year42/48€371k€142k▼
Trade debts44€165k€67k▼
Suppliers440/4€165k€67k▼
Taxes, remuneration and social security45€94k€58k▼
Taxes450/3€77k€55k▼
Remuneration and social security454/9€17k€2k▼
Other amounts payable47/48€112k€18k▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Remuneration, social security and pensions62€88k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€12k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€23k
Other operating charges640/8€1k€4k▲
Gross operating margin9900€418k€103k▼
Operating profit (loss)9901€314k€61k▼
Financial income75/76B€6k€12k▲
Recurring financial income75€6k€12k▲
Financial charges65/66B€832€1k▲
Recurring financial charges65€832€1k▲
Profit (loss) for the period before taxes9903€319k€72k▼
Income taxes67/77€104k€21k▼
Profit (loss) for the period9904€216k€51k▼
Profit (loss) for the period to be appropriated9905€216k€51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€216k€51k▼
Transfer from equity791/2€100k€100k=
Transfer to equity691/2€216k€51k▼
To other reserves6921€216k€51k▼
Profit to be distributed694/7€100k€100k=
Return on contributions (dividend)694€100k€100k=
Social balance
Average headcount (FTE)90871.30.8▼
The notes to these accounts (9 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-11
Financial
Liquidity doublescurrent ratio 12.75
Current ratio from 5.53 to 12.75; short-term debt falls from €371k to €142k.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-11
Financial
Highest result since 2018net €216k ▲135%
Net result €216k, the highest in the series.
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-11
Financial
Back to profitnet €83k
Net result €83k after one loss-making year.
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-11
Financial
Weakest financial yearnet €-50k ▼154%
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
30-11
Financial
Liquidity doublescurrent ratio 10.52
Current ratio from 4.57 to 10.52; short-term debt falls from €498k to €177k.
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-11
Financial
Equity above €2MEq €2.09M ▲6.1%
2 profitable years in a row build equity to €2.09M.
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Elsene · 1 establishment unit since 2000
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.
Louizalaan 2511050 ElseneGround area
3,257 m²
Building footprint
4,012 m²
Volume, LiDAR
107,963 m³
2 parcels, Brussels · tallest building 46.6 m, ±13 floors. Linked by address, not a title deed.
1 establishment unit
malherbe
since 20002.260.734.062
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0007/00R000 | Brussels | 1,683 m² | 1 · 2,433 m² | 35.6 m · 9 fl. |
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 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 22,049 companies in sector 69101 we hold annual accounts for 9,048. 3,090 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-04-2000
Fiscal year end30-11
Abbreviation FR
Philippe MALHERBE
Activities, NACEBEL
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 26 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.