PHILNET
ActiveSummary
PHILNET has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €765,763 and a net result of €143,526. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 95% of 5,034 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €765,763
- Profit
- €143,526
- Parent
- DISTRI-IMMO SCA
Why 98raises riskSector: Retail trade (NACE 47)lowers riskFounded in 1990Equity €765,763 (92.2% of total assets)Liquidity: current ratio 11.41, cash €124,242Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 92% on solvency, 75% on liquidity, 85% on profitability and 75% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 48 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2019 to 2025net €143,526 ▲112%
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 94% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,136 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,183 | €6,905 | €13,692 | €15,496 | €14,000 | €17,148 | €18,625 | ▲ 8.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€5,601 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €8,145 | €8,965 | €9,146 | €9,343 | ▲ 2.2% |
| Non-recurring operating charges66A | - | - | - | - | €173 | - | €5,150 | - |
| Gross operating margin9900 | €133,229 | €102,235 | €108,927 | €106,227 | €126,163 | €122,585 | €220,062 | ▲ 79.5% |
| Operating profit (loss)9901 | €111,829 | €93,009 | €67,586 | €88,187 | €103,025 | €96,291 | €186,944 | ▲ 94.1% |
| Financial income75/76B | - | - | - | €1 | - | €579 | €11,098 | ▲ 19× |
| Recurring financial income75 | - | - | - | €1 | - | €579 | €11,098 | ▲ 19× |
| Financial charges65/66B | - | - | - | €927 | €2,914 | €4,310 | €4,317 | ▲ 0.2% |
| Recurring financial charges65 | €1,987 | €848 | €988 | €927 | €2,914 | €4,310 | €4,317 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | €109,842 | €92,161 | €66,598 | €87,261 | €100,111 | €92,560 | €193,725 | ▲ 109% |
| Income taxes67/77 | €34,995 | €29,847 | €22,144 | €21,832 | €26,670 | €24,805 | €50,199 | ▲ 102% |
| Profit (loss) for the period9904 | €74,847 | €62,314 | €44,454 | €65,429 | €73,441 | €67,755 | €143,526 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €74,847 | €62,314 | €44,454 | €65,429 | €73,441 | €67,755 | €143,526 | ▲ 112% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €368,134 | €449,078 | €455,938 | €502,994 | €600,584 | €702,656 | €830,303 | ▲ 18.2% |
| Fixed assets21/28 | €44,617 | €37,712 | €84,019 | €68,522 | €66,672 | €112,424 | €93,799 | ▼ 16.6% |
| Tangible fixed assets22/27 | €44,327 | €37,422 | €83,729 | €68,232 | €66,382 | €112,134 | €93,509 | ▼ 16.6% |
| Land and buildings22 | - | - | - | €27,333 | €25,339 | €24,672 | €24,672 | = |
| Plant, machinery and equipment23 | - | - | - | €40,898 | €28,898 | €16,898 | €4,899 | ▼ 71.0% |
| Other tangible fixed assets26 | - | - | - | €1 | €12,145 | €70,564 | €63,938 | ▼ 9.4% |
| Financial fixed assets28 | €290 | €290 | €290 | €290 | €290 | €290 | €290 | = |
| Current assets29/58 | €323,517 | €411,366 | €371,919 | €434,472 | €533,912 | €590,232 | €736,504 | ▲ 24.8% |
| Stocks and contracts in progress3 | €28,469 | €38,413 | €40,994 | €36,684 | €58,137 | €52,734 | €56,771 | ▲ 7.7% |
| Stocks30/36 | - | - | - | €36,684 | €58,137 | €52,734 | €56,771 | ▲ 7.7% |
| Amounts receivable within one year40/41 | €40,392 | €22,718 | €31,037 | €45,906 | €60,183 | €43,081 | €50,543 | ▲ 17.3% |
| Trade receivables40 | - | - | - | €35,523 | €60,167 | €32,731 | €50,543 | ▲ 54.4% |
| Other amounts receivable41 | - | - | - | €10,383 | €16 | €10,350 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | - | - | €380,000 | €500,000 | ▲ 31.6% |
| Cash at bank and in hand54/58 | €250,820 | €346,826 | €296,454 | €347,815 | €411,222 | €109,212 | €124,242 | ▲ 13.8% |
| Deferred charges and accrued income490/1 | - | - | - | €4,067 | €4,370 | €5,205 | €4,948 | ▼ 4.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €368,134 | €449,078 | €455,938 | €502,994 | €600,584 | €702,656 | €830,303 | ▲ 18.2% |
| Equity10/15 | €308,844 | €371,158 | €415,612 | €481,041 | €554,482 | €622,237 | €765,763 | ▲ 23.1% |
| Contributions10/11 | €116,500 | €116,500 | €116,500 | €116,500 | €116,500 | €116,500 | €116,500 | = |
| Capital10 | - | - | - | €116,500 | €116,500 | €116,500 | €116,500 | = |
| Issued capital100 | - | - | - | €116,500 | €116,500 | €116,500 | €116,500 | = |
| Reserves13 | €11,650 | €11,650 | €11,650 | €11,650 | €11,650 | €11,650 | €11,650 | = |
| Non-distributable reserves130/1 | - | - | - | €11,650 | €11,650 | €11,650 | €11,650 | = |
| Legal reserve130 | - | - | - | €11,650 | €11,650 | €11,650 | €11,650 | = |
| Profit (loss) carried forward14 | €180,694 | €243,008 | €287,462 | €352,891 | €426,332 | €494,087 | €637,613 | ▲ 29.0% |
| Provisions and deferred taxes16 | - | - | €5,601 | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0 | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0 | - | - | - | - |
| Amounts payable17/49 | €59,290 | €77,920 | €34,725 | €21,953 | €46,102 | €80,419 | €64,540 | ▼ 19.7% |
| Amounts payable within one year42/48 | €59,290 | €77,920 | €34,725 | €21,953 | €46,102 | €80,419 | €64,540 | ▼ 19.7% |
| Trade debts44 | €14,258 | €42,931 | €30,162 | €20,059 | €40,779 | €77,925 | €55,687 | ▼ 28.5% |
| Suppliers440/4 | - | - | - | €20,059 | €40,779 | €77,925 | €55,687 | ▼ 28.5% |
| Taxes, remuneration and social security45 | - | - | - | €1,894 | €5,323 | €2,494 | €8,853 | ▲ 255% |
| Taxes450/3 | - | - | - | €1,894 | €5,323 | €2,494 | €8,853 | ▲ 255% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,847 | €62,314 | €44,454 | €65,429 | €73,441 | €67,755 | €143,526 | ▲ 112% |
| + Depreciation and write-downs630 | €19,183 | €6,905 | €13,692 | €15,496 | €14,000 | €17,148 | €18,625 | ▲ 8.6% |
| Operating cash flow (approximation) | €94,030 | €69,219 | €58,146 | €80,925 | €87,441 | €84,903 | €162,151 | ▲ 91.0% |
| Investment in fixed assets (approximation) | - | €0 | -€59,999 | €1 | -€12,150 | -€62,900 | €0 | - |
| Change in cash | - | €96,006 | -€50,372 | €51,361 | €63,407 | -€302,010 | €15,030 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | full format | 12-12-2025 | 2025-00585112 |
| 30-06-2024 | full format | 10-12-2024 | 2024-00618168 |
| 30-06-2023 | full format | 17-12-2023 | 2023-00533060 |
| 30-06-2022 | full format | 16-12-2022 | 2022-20545278 |
| 30-06-2021 | full format | 17-12-2021 | 2021-80900122 |
| 30-06-2020 | full format | 18-12-2020 | 2020-76700454 |
| 30-06-2019 | full format | 11-12-2019 | 2019-75900165 |
| 30-06-2018 | full format | 25-12-2018 | 2018-75800263 |
| 30-06-2017 | full format | 16-12-2017 | 2017-72900351 |
| 30-06-2016 | full format | 24-11-2016 | 2016-68500531 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerChain of control
- DISTRI-IMMO SCA
- PHILNET
Highest known parent: DISTRI-IMMO SCA. The sources do not say who stands above it.
Owners 1
- DISTRI-IMMO SCAconsolidating parentconsolidates
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 02-01-2024 Capital stated in the deed · €116,500 · 470 shares
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
02-01
Gazette deed
Amendment of the articlesCapital · Registered office clause · Power of attorney10 facts ▸
- General meeting, “Assemblée Générale Extraordinaire” (deed in French)
- Amendment of the articles (2 times)
- Other provision, “Titre I, Forme légale – Dénomination – Siège – Objet – Durée” (deed in French)
- Other provision, “Titre II”, Capital (deed in French)
- Capital, €116,500
- Other provision, “Titre III, Titres” (deed in French)
- Registered office clause, “6760 VIRTON,Rue d'Arlon,n° 59” (deed in French)
- Other provision, “site internet et adresse e-mail” (deed in French)
- Power of attorney
- Power of attorney, Rodolphe DELMEE
Show earlier events
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 85045A0383/00N000 | Wallonia | 663 m² | - | - |
| 85045A0408/00W000 | Wallonia | 300 m² | 1 · 63 m² | 8.3 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'exploitation de stations de lavage automatique et/ou libre-service de véhicules automobiles ; le commerce en gros ou en détail de tous…” (deed in French)
3 activities (deed in French)
- L'exploitation de stations de lavage automatique et/ou libre-service de véhicules automobiles ; le commerce en gros ou en détail de tous produits de lavage et d'entretien de voitures
- L'achat,la vente,l'échange,la location,l'affermage,la mise en valeur,le lotissement,la promotion,la gérance et le gardiennage de tous biens immeubles en Belgique qu'à l'étranger en ce compris les opérations de courtage
- L’achat,la vente en gros ou en détail,la représentation,l’importation ou l’exportation de tous produits pétroliers,de carburants de tous types pour le transport ou le chauffage,de lubrifiants,de gaz en bouteilles et de produits généralement distribués par une station-service
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Société Anonyme, PHILNET
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, établir ou supprimer sièges administratifs,agences,ateliers,dépôts et succursales tant en Belgique qu’à l’étranger par…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 20 : Représentation de la société. Tous les actes qui engagent la société, en justice et dans tous les actes, en ce compris les…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Titre IV : Administration et représentation, 13” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cession ou transmission de titres donnant droit à acquisition d'actions y compris droits de souscription,obligations…” (deed in French)“4, par chaque héritier ou légataire pour son compte” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of November at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Désignation des liquidateurs, Article 38” (deed in French)“Toutes opérations prévues par la loi, pouvoirs des liquidateurs” (deed in French)