PHILITAB
ActiveSummary
PHILITAB has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €98,568. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 72% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+3
Solvency91▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.43 in 2024; short-term debt: 23.4% and cash: 20.2% of total assets), and 33.8% 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+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
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
66.2%
Return on assets
6.5%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
27 d early
2023
36 d early
2022
30 d early
2021
32 d early
2020
31 d early
2019
14 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 29 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€1.5m▲ 5.4%
2024 · €1.4m
Net result
€98,568▲ 77.3%
2024 · €55,603
Working capital
€149,667▲ 33.3%
2024 · €112,288
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Turnover
Operating result€210,469▲ 500%€138,358▼ 34.3%€190,347▲ 37.6%€84,464▼ 55.6%€145,674▲ 72.5%
Net result€130,394within the sector's middle half▲ 228%€101,431within the sector's middle half▼ 22.2%€130,536within the sector's middle half▲ 28.7%€55,603within the sector's middle half▼ 57.4%€98,568within the sector's middle half▲ 77.3%
Equity€839,146within the sector's middle half▲ 18.4%€840,577within the sector's middle half▲ 0.2%€921,113within the sector's middle half▲ 9.6%€976,716within the sector's middle half▲ 6.0%€1.0mwithin the sector's middle half▲ 2.4%
Total assets€1.3mwithin the sector's middle half▲ 5.9%€1.3mwithin the sector's middle half▲ 3.7%€1.3mwithin the sector's middle half▼ 3.6%€1.4mwithin the sector's middle half▲ 12.6%€1.5mwithin the sector's middle half▲ 5.4%
Debt€363,209▼ 13.4%€412,357▲ 13.5%€288,217▼ 30.1%€396,579▲ 37.6%€454,212▲ 14.5%
Working capital€168,934within the sector's middle half▲ 477%€90,299within the sector's middle half▼ 46.5%€170,384within the sector's middle half▲ 88.7%€112,288within the sector's middle half▼ 34.1%€149,667within the sector's middle half▲ 33.3%
Solvency65.9%above the sector's middle half▲ 7.0pp63.7%within the sector's middle half▼ 2.2pp72.4%above the sector's middle half▲ 8.7pp68.1%within the sector's middle half▼ 4.2pp66.2%within the sector's middle half▼ 1.9pp
Current ratio2.66within the sector's middle half▲ 1.381.45within the sector's middle half▼ 1.222.50within the sector's middle half▲ 1.051.43within the sector's middle half▼ 1.061.42within the sector's middle half▼ 0.01
Return on assets (ROA)10.2%within the sector's middle half▲ 6.9pp7.7%within the sector's middle half▼ 2.6pp10.3%within the sector's middle half▲ 2.6pp3.9%within the sector's middle half▼ 6.4pp6.5%within the sector's middle half▲ 2.6pp
Staff (FTE)1.1below the sector's middle half▲ 37.5%0.9below the sector's middle half▼ 18.2%1within the sector's middle half▲ 11.1%1.3within the sector's middle half▲ 30.0%1.2within the sector's middle half▼ 7.7%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 72% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.0m ▼ 5.2%
Current assets
€504,022 ▲ 35.8%
Equity and liabilities €1.5m
Equity
€1.0m ▲ 2.4%
Provisions
€56,702 ▼ 5.7%
Debt
€454,212 ▲ 14.5%
Debt's share of the balance-sheet total rises from 27.7% to 30.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€202,861▲
2024 · €136,514
Cash flow
€155,755▲
2024 · €107,653
Debt to equity
0.45▲
2024 · 0.41
ROE
9.9%▲
2024 · 5.7%
Interest coverage
11.87▲
2024 · 9.32
Debt ≤ 1 year
€354,355▲
2024 · €258,848
Debt > 1 year
€99,857▼
2024 · €137,731
Income taxes
€37,093▲
2024 · €20,200
Staff costs
€103,009▲
2024 · €88,741
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.2% 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%.
| 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 31,349 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €11,554 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €106,997 | €100,801 | €88,741 | €103,009 | ▲ 16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,568 | €44,246 | €55,563 | €52,050 | €57,187 | ▲ 9.9% |
| Other operating charges640/8 | - | €4,806 | €5,920 | €6,220 | €6,890 | ▲ 10.8% |
| Gross operating margin9900 | €440,600 | €294,406 | €352,631 | €231,475 | €312,761 | ▲ 35.1% |
| Operating profit (loss)9901 | €210,469 | €138,358 | €190,347 | €84,464 | €145,674 | ▲ 72.5% |
| Financial income75/76B | - | €2,245 | €740 | €2,544 | €3,670 | ▲ 44.3% |
| Recurring financial income75 | - | €2,245 | €740 | €2,544 | €3,670 | ▲ 44.3% |
| Financial charges65/66B | - | €8,645 | €16,660 | €14,641 | €17,087 | ▲ 16.7% |
| Recurring financial charges65 | €33,552 | €8,645 | €16,660 | €14,641 | €17,087 | ▲ 16.7% |
| Profit (loss) for the period before taxes9903 | €176,917 | €131,957 | €174,427 | €72,368 | €132,257 | ▲ 82.8% |
| Transfer from deferred taxes780 | - | €3,522 | €3,469 | €3,435 | €3,404 | ▼ 0.9% |
| Income taxes67/77 | €50,084 | €34,048 | €47,360 | €20,200 | €37,093 | ▲ 83.6% |
| Profit (loss) for the period9904 | €130,394 | €101,431 | €130,536 | €55,603 | €98,568 | ▲ 77.3% |
| Transfer from tax-exempt reserves789 | - | €6,839 | €6,737 | €6,672 | €6,611 | ▼ 0.9% |
| Profit (loss) for the period to be appropriated9905 | €137,311 | €108,270 | €137,273 | €62,275 | €105,178 | ▲ 68.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.3m | €1.4m | €1.5m | ▲ 5.4% |
| Fixed assets21/28 | €1.0m | €1.0m | €988,746 | €1.1m | €1.0m | ▼ 5.2% |
| Intangible fixed assets21 | - | €10,383 | €8,288 | €6,192 | €4,097 | ▼ 33.8% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €980,459 | €1.1m | €1.0m | ▼ 5.0% |
| Land and buildings22 | - | €963,349 | €937,595 | €1.0m | €967,452 | ▼ 4.4% |
| Plant, machinery and equipment23 | - | €25,632 | €16,799 | €20,166 | €11,882 | ▼ 41.1% |
| Furniture and vehicles24 | - | €28,048 | €26,064 | €24,394 | €23,745 | ▼ 2.7% |
| Current assets29/58 | €270,477 | €292,532 | €284,126 | €371,136 | €504,022 | ▲ 35.8% |
| Amounts receivable after more than one year29 | - | €75,000 | €67,833 | €153,809 | €118,193 | ▼ 23.2% |
| Other amounts receivable291 | - | €75,000 | €67,833 | €153,809 | €118,193 | ▼ 23.2% |
| Amounts receivable within one year40/41 | €26,519 | €53,859 | €90,426 | €37,671 | €80,411 | ▲ 113% |
| Trade receivables40 | - | €20,942 | €40,473 | €5,178 | €61,804 | ▲ 1,094% |
| Other amounts receivable41 | - | €32,917 | €49,953 | €32,494 | €18,607 | ▼ 42.7% |
| Current investments50/53 | €20,300 | €20,300 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €222,431 | €143,373 | €125,867 | €179,656 | €305,418 | ▲ 70.0% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.3m | €1.4m | €1.5m | ▲ 5.4% |
| Equity10/15 | €839,146 | €840,577 | €921,113 | €976,716 | €1.0m | ▲ 2.4% |
| Contributions10/11 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Capital10 | - | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Issued capital100 | - | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Reserves13 | €774,146 | €775,577 | €856,113 | €911,716 | €935,284 | ▲ 2.6% |
| Non-distributable reserves130/1 | - | €9,375 | €9,375 | €9,375 | €9,375 | = |
| Legal reserve130 | - | €9,375 | €9,375 | €9,375 | €9,375 | = |
| Tax-exempt reserves132 | - | €153,040 | €146,303 | €139,631 | €133,020 | ▼ 4.7% |
| Distributable reserves133 | - | €613,163 | €700,436 | €762,711 | €792,889 | ▲ 4.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €70,532 | €67,011 | €63,542 | €60,106 | €56,702 | ▼ 5.7% |
| Deferred taxes168 | - | €67,011 | €63,542 | €60,106 | €56,702 | ▼ 5.7% |
| Amounts payable17/49 | €363,209 | €412,357 | €288,217 | €396,579 | €454,212 | ▲ 14.5% |
| Amounts payable after more than one year17 | €261,666 | €210,124 | €174,475 | €137,731 | €99,857 | ▼ 27.5% |
| Financial debts170/4 | - | €210,124 | €174,475 | €137,731 | €99,857 | ▼ 27.5% |
| Amounts payable within one year42/48 | €101,543 | €202,233 | €113,742 | €258,848 | €354,355 | ▲ 36.9% |
| Current portion of amounts payable after more than one year42 | - | €51,542 | €38,571 | €39,757 | €40,979 | ▲ 3.1% |
| Trade debts44 | €40,204 | €44,083 | €14,569 | €210,971 | €224,711 | ▲ 6.5% |
| Suppliers440/4 | - | €44,083 | €14,569 | €210,971 | €224,711 | ▲ 6.5% |
| Taxes, remuneration and social security45 | - | €6,608 | €10,602 | €8,120 | €13,665 | ▲ 68.3% |
| Taxes450/3 | - | - | - | - | €89 | - |
| Remuneration and social security454/9 | - | €6,608 | €10,602 | €8,120 | €13,577 | ▲ 67.2% |
| Other amounts payable47/48 | - | €100,000 | €50,000 | €0 | €75,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130,394 | €101,431 | €130,536 | €55,603 | €98,568 | ▲ 77.3% |
| + Depreciation and write-downs630 | €76,568 | €44,246 | €55,563 | €52,050 | €57,187 | ▲ 9.9% |
| Operating cash flow (approximation) | €206,961 | €145,677 | €186,099 | €107,653 | €155,755 | ▲ 44.7% |
| Investment in fixed assets (approximation) | - | -€69,248 | -€16,897 | -€125,569 | -€2,099 | ▲ 98.3% |
| Change in cash | - | -€79,058 | -€17,506 | €53,789 | €125,762 | ▲ 134% |
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
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €1mEq €1.0m ▲2.4%
8 profitable years in a row build equity to €1.0m.
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Liquidity doublescurrent ratio 2.66
Current ratio from 1.28 to 2.66; short-term debt falls from €104,094 to €101,543.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €39,718 ▼79.4%
Net result drops to €39,718, the lowest in the series; recovery starts the following year.
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
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 9 acts read
About the unread acts
We know of 9 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
9 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, Wijnegem · 1 establishment unit since 1980
Ground area
2.3 ha
Building footprint
1,746 m²
Volume, LiDAR
29,919 m³
2 parcels, Flanders · tallest building 24.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Stokerijstraat 29A, 2110 Wijnegem
since 19802.017.094.610
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050B0295/00W003 | Flanders | 2.0 ha | 1 · 1,732 m² | 24.0 m · 5 fl. |
| 11050B0254/00C005 | Flanders | 3,117 m² | 1 · 14 m² | 18.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersOwners 2
-
46.97%
-
31.82%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
87550008YLIW9RP48119
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Identification & contact
Identification
Legal formPublic limited company
Founded31-01-1980
Fiscal year end30-09
Activities, NACEBEL 2025
46350Wholesale trade
46170Agents in the wholesale of food, beverages and tobacco
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420114225
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.