Philmar
ActiveSummary
Philmar has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €419,349 and a net result of €98,237. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-3
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 7.37 against 14.99 in 2024; short-term debt: 9% and cash: 24.9% of total assets), and 11% of the assets are financed with debt.
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Signals
Six 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
89%
Return on assets
20.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €419,349
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
29 d early
2023
1 d early
2022
26 d early
2021
11 d early
2020
31 d late
2019
23 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 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 5 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€419,349▲ 30.6%
2024 · €321,112
Total assets
€471,234▲ 36.9%
2024 · €344,108
Net result
€98,237▲ 20.5%
2024 · €81,558
Working capital
€269,442▲ 41.6%
2024 · €190,286
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€97,617▲ 1,654%€78,039▼ 20.1%€102,269▲ 31.0%€118,895▲ 16.3%€140,436▲ 18.1%
Net result€72,744within the sector's middle half€53,381above the sector's middle half▼ 26.6%€69,613above the sector's middle half▲ 30.4%€81,558above the sector's middle half▲ 17.2%€98,237above the sector's middle half▲ 20.5%
Equity€268,971within the sector's middle half▲ 37.1%€246,147within the sector's middle half▼ 8.5%€239,554within the sector's middle half▼ 2.7%€321,112within the sector's middle half▲ 34.0%€419,349above the sector's middle half▲ 30.6%
Total assets€291,844below the sector's middle half▲ 8.2%€351,228within the sector's middle half▲ 20.3%€342,673within the sector's middle half▼ 2.4%€344,108within the sector's middle half▲ 0.4%€471,234within the sector's middle half▲ 36.9%
Debt€22,873▼ 68.9%€105,081▲ 359%€103,119▼ 1.9%€22,996▼ 77.7%€51,885▲ 126%
Working capital€47,458within the sector's middle half€65,014within the sector's middle half▲ 37.0%€98,960within the sector's middle half▲ 52.2%€190,286above the sector's middle half▲ 92.3%€269,442above the sector's middle half▲ 41.6%
Solvency92.2%above the sector's middle half▲ 19.4pp70.1%above the sector's middle half▼ 22.1pp69.9%above the sector's middle half▼ 0.2pp93.3%above the sector's middle half▲ 23.4pp89.0%above the sector's middle half▼ 4.3pp
Current ratio4.13above the sector's middle half▲ 4.111.67within the sector's middle half▼ 2.452.05within the sector's middle half▲ 0.3814.99above the sector's middle half▲ 12.947.37above the sector's middle half▼ 7.62
Return on assets (ROA)24.9%above the sector's middle half▲ 27.0pp15.2%above the sector's middle half▼ 9.7pp20.3%above the sector's middle half▲ 5.1pp23.7%above the sector's middle half▲ 3.4pp20.8%above the sector's middle half▼ 2.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €471,234
Fixed assets
€159,486 ▲ 13.7%
Current assets
€311,748 ▲ 52.9%
Equity and liabilities €471,234
Equity
€419,349 ▲ 30.6%
Debt
€51,885 ▲ 126%
Debt's share of the balance-sheet total rises from 6.7% to 11.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€142,329▲
2024 · €128,419
Cash flow
€100,130▲
2024 · €91,082
Debt to equity
0.12▲
2024 · 0.07
ROE
23.4%▼
2024 · 25.4%
Interest coverage
840.15▲
2024 · 800.07
Debt ≤ 1 year
€42,306▲
2024 · €13,598
Income taxes
€45,844▲
2024 · €38,060
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 20,129 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €309 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,728 | €39,728 | €39,728 | €9,524 | €1,893 | ▼ 80.1% |
| Other operating charges640/8 | €17,581 | €24,291 | €17,943 | €18,663 | €19,604 | ▲ 5.0% |
| Gross operating margin9900 | €155,235 | €142,059 | €159,940 | €147,082 | €161,933 | ▲ 10.1% |
| Operating profit (loss)9901 | €97,617 | €78,039 | €102,269 | €118,895 | €140,436 | ▲ 18.1% |
| Financial income75/76B | €97 | €253 | €15 | €884 | €3,814 | ▲ 331% |
| Recurring financial income75 | €97 | €253 | €15 | €884 | €3,814 | ▲ 331% |
| Financial charges65/66B | €485 | - | €185 | €161 | €169 | ▲ 5.5% |
| Recurring financial charges65 | €485 | - | €185 | €161 | €169 | ▲ 5.5% |
| Profit (loss) for the period before taxes9903 | €97,230 | €78,292 | €102,098 | €119,618 | €144,080 | ▲ 20.5% |
| Income taxes67/77 | €24,486 | €24,911 | €32,486 | €38,060 | €45,844 | ▲ 20.5% |
| Profit (loss) for the period9904 | €72,744 | €53,381 | €69,613 | €81,558 | €98,237 | ▲ 20.5% |
| Profit (loss) for the period to be appropriated9905 | €72,744 | €53,381 | €69,613 | €81,558 | €98,237 | ▲ 20.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €291,844 | €351,228 | €342,673 | €344,108 | €471,234 | ▲ 36.9% |
| Fixed assets21/28 | €229,204 | €189,476 | €149,748 | €140,224 | €159,486 | ▲ 13.7% |
| Tangible fixed assets22/27 | €229,204 | €189,476 | €149,748 | €140,224 | €159,486 | ▲ 13.7% |
| Land and buildings22 | €140,000 | €140,000 | €140,000 | €140,000 | €159,486 | ▲ 13.9% |
| Plant, machinery and equipment23 | €1,169 | €854 | €539 | €224 | €0 | ▼ 100% |
| Leasing and similar rights25 | €88,035 | €48,622 | €9,209 | €0 | €0 | = |
| Current assets29/58 | €62,639 | €161,752 | €192,924 | €203,884 | €311,748 | ▲ 52.9% |
| Amounts receivable within one year40/41 | €57,095 | €10,238 | €9,402 | €1,201 | €30,079 | ▲ 2,404% |
| Trade receivables40 | €19,601 | €8,282 | €9,401 | €1,200 | €30,079 | ▲ 2,407% |
| Other amounts receivable41 | €37,494 | €1,957 | €1 | €1 | €0 | ▼ 100% |
| Current investments50/53 | - | - | €100,000 | €160,000 | €160,000 | = |
| Cash at bank and in hand54/58 | €1,184 | €147,227 | €79,386 | €38,388 | €117,256 | ▲ 205% |
| Deferred charges and accrued income490/1 | €4,360 | €4,286 | €4,136 | €4,295 | €4,413 | ▲ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €291,844 | €351,228 | €342,673 | €344,108 | €471,234 | ▲ 36.9% |
| Equity10/15 | €268,971 | €246,147 | €239,554 | €321,112 | €419,349 | ▲ 30.6% |
| Contributions10/11 | €105,964 | €105,964 | €105,964 | €105,964 | €105,964 | = |
| Capital10 | €105,964 | €105,964 | €105,964 | €105,964 | €105,964 | = |
| Issued capital100 | €105,964 | €105,964 | €105,964 | €105,964 | €105,964 | = |
| Reserves13 | €163,007 | €140,183 | €133,590 | €215,148 | €313,385 | ▲ 45.7% |
| Non-distributable reserves130/1 | €10,596 | €10,596 | €10,596 | €10,596 | €10,596 | = |
| Legal reserve130 | €10,596 | €10,596 | €10,596 | €10,596 | €10,596 | = |
| Distributable reserves133 | €152,410 | €129,586 | €122,994 | €204,552 | €302,788 | ▲ 48.0% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €22,873 | €105,081 | €103,119 | €22,996 | €51,885 | ▲ 126% |
| Amounts payable within one year42/48 | €15,182 | €96,737 | €93,965 | €13,598 | €42,306 | ▲ 211% |
| Trade debts44 | €5,009 | €1,104 | €534 | €1,122 | €20,238 | ▲ 1,704% |
| Suppliers440/4 | €5,009 | €1,104 | €534 | €1,122 | €20,238 | ▲ 1,704% |
| Taxes, remuneration and social security45 | €4,896 | €13,034 | €15,329 | €10,580 | €20,172 | ▲ 90.7% |
| Taxes450/3 | €4,896 | €13,034 | €15,329 | €10,580 | €20,172 | ▲ 90.7% |
| Other amounts payable47/48 | €5,277 | €82,599 | €78,102 | €1,896 | €1,896 | = |
| Accrued charges and deferred income492/3 | €7,691 | €8,344 | €9,154 | €9,398 | €9,579 | ▲ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,744 | €53,381 | €69,613 | €81,558 | €98,237 | ▲ 20.5% |
| + Depreciation and write-downs630 | €39,728 | €39,728 | €39,728 | €9,524 | €1,893 | ▼ 80.1% |
| Operating cash flow (approximation) | €112,472 | €93,109 | €109,340 | €91,082 | €100,130 | ▲ 9.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€21,155 | - |
| Change in cash | - | €146,043 | -€67,841 | -€40,997 | €78,867 | ▲ 292% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 7current ratio 14.99
Current ratio from 2.05 to 14.99; short-term debt falls from €93,965 to €13,598.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €72,744
Net result €72,744 after one loss-making year.
31-12
Financial
Liquidity times 313current ratio 4.13
Current ratio from 0.01 to 4.13; short-term debt falls from €69,005 to €15,182.
31-12
Financial
Equity above €200,000Eq €268,971 ▲37.1%
Equity rises from €196,227 to €268,971.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€5,621
Net result drops to -€5,621, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
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, Antwerpen · 1 establishment unit since 2004
Ground area
155 m²
Building footprint
68 m²
Volume, LiDAR
469 m³
Parcel 11343A0599/00S026, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
geen
since 20042.137.750.336
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11343A0599/00S026 | Flanders | 155 m² | 1 · 68 m² | 10.7 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300MJQTXTDMNXYT24
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 4,426 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
Founded10-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
77229Renting and leasing of other personal and household goods
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865704214
Also
9925:BE0865704214
Registered
17-10-2025
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.