PHILOSEC BELGIQUE
BankruptcyThe KBO register records for PHILOSEC BELGIQUE the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €31k and a net result of €-14k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 19-07-2024, 12 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
12 d early
2022
81 d late
2021
57 d late
2020
86 d late
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€31k▼ 31.4%
2022 · €45k
2019: €28k
2020: €29k
2021: €33k
2022: €45k
2019 → 2023
Total assets
€332k▼ 7.5%
2022 · €359k
2019: €102k
2020: €199k
2021: €311k
2022: €359k
2019 → 2023
Net result
€-14k
2022 · €11k
2019: €8k
2020: €983
2021: €4k
2022: €11k
2019 → 2023
Working capital
€-6k
2022 · €4k
2019: €695
2020: €-25k
2021: €-14k
2022: €4k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€28k-€29k▲ 3.5%€33k▲ 12.5%€45k▲ 34.7%€31k▼ 31.4%
Operating result€10k-€1k▼ 85.6%€6k▲ 352%€13k▲ 107%€-11k
Net result€8k-€983▼ 88.3%€4k▲ 275%€11k▲ 211%€-14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €11k after €13k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €332k
Fixed assets
€40k▼ 15.2%
Current assets
€292k▼ 6.3%
Equity and liabilities €332k
Equity
€31k▼ 31.4%
Debt
€301k▼ 4.2%
The debt ratio rises from 87.6% to 90.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2022 · €23k
Cash flow
€-4k▼
2022 · €22k
Solvency
9.2%▼
2022 · 12.4%
Current ratio
0.98▼
2022 · 1.01
Quick ratio
0.50▲
2022 · 0.43
Debt / equity
9.85▲
2022 · 7.05
ROE
-45.7%▼
2022 · 25.7%
ROA
-4.2%▼
2022 · 3.2%
Interest coverage
-0.62▼
2022 · 13.77
Debt
€301k▼
2022 · €314k
Debt ≤ 1 year
€298k▼
2022 · €308k
Debt > 1 year
€3k▼
2022 · €6k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€359k€332k▼
Formation expenses20€175-
Fixed assets21/28€47k€40k▼
Intangible fixed assets21€3k€3k▼
Tangible fixed assets22/27€43k€37k▼
Plant, machinery and equipment23€20k€17k▼
Furniture and vehicles24€23k€19k▼
Financial fixed assets28€192€192=
Current assets29/58€312k€292k▼
Stocks and contracts in progress3€181k€142k▼
Stocks30/36€181k€142k▼
Amounts receivable within one year40/41€94k€146k▲
Trade receivables40€94k€146k▲
Other amounts receivable41€90€90=
Cash at bank and in hand54/58€37k€4k▼
Deferred charges and accrued income490/1€324€478▲
Equity and liabilities
Total equity and liabilities10/49€359k€332k▼
Equity10/15€45k€31k▼
Contributions10/11€20k€21k▲
Reserves13€1k-
Non-distributable reserves130/1€1k-
Reserves not available under the articles1311€1k-
Profit (loss) carried forward14€23k€9k▼
Amounts payable17/49€314k€301k▼
Amounts payable after more than one year17€6k€3k▼
Financial debts170/4€6k€3k▼
Amounts payable within one year42/48€308k€298k▼
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€36k€49k▲
Suppliers440/4€36k€49k▲
Advances received on contracts in progress46€181k€163k▼
Taxes, remuneration and social security45€5k€15k▲
Taxes450/3€5k€15k▲
Other amounts payable47/48€83k€67k▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼
Other operating charges640/8€298€248▼
Non-recurring operating charges66A€44-
Gross operating margin9900€24k€-1k▼
Operating profit (loss)9901€13k€-11k▼
Financial income75/76B€8-
Recurring financial income75€8-
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€11k€-14k▼
Profit (loss) for the period9904€11k€-14k▼
Profit (loss) for the period to be appropriated9905€11k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€9k▼
Profit (loss) brought forward from the previous period14P€12k€23k▲
Transfer to equity691/2€573-
To the legal reserve6920€573-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-14k ▼222%
Net result drops to €-14k, the lowest in the series.
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 81 days late
2022
31-12
Financial
Highest result since 2019net €11k ▲211%
Operating result €13k, net result €11k, both a record.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 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, Seraing · 1 establishment unit since 2018
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.
Rue des Champs du Mont 1104102 SeraingGround area
163 m²
Building footprint
54 m²
Volume, LiDAR
626 m³
Parcel 62342B0612/00Y011, Wallonia · tallest building 12.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PHILOSEC BELGIQUE
since 20182.274.952.678
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62342B0612/00Y011 | Wallonia | 163 m² | 1 · 54 m² | 12.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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B.S. GROUPE
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TROC NANDRIN
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Mhncura
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Of 4,246 companies in sector 47789 we hold annual accounts for 1,021. 708 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-04-2018
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47789Other retail sale of new goods
47890Retail trade
47910Retail trade
46900Non-specialised wholesale trade
47783Retail trade
47784Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.