PHIMA
ActiveSummary
The computed 12-month bankruptcy probability of PHIMA is 2.2% (moderate). The 2025 annual accounts show equity of €51,904 and a net result of -€9,265. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 13417 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-74
Solvency76▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.49 in 2024; short-term debt: 49.3% and cash: 44.4% of total assets), and 49.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.7%
Return on assets
-9.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-12-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
9 d early
2023
1 d early
2022
8 d early
2021
26 d early
2020
9 d early
2019
7 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€51,904▼ 15.1%
2024 · €61,169
Total assets
€102,306▼ 8.6%
2024 · €111,873
Net result
-€9,265
2024 · €16,380
Working capital
€17,217▼ 30.3%
2024 · €24,714
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,733▲ 6.8%€15,776▲ 323%-€7,176€17,916-€5,300
Net result€2,560▲ 73.5%€15,844▲ 519%-€6,885€16,380-€9,265
Equity€35,830▲ 7.7%€51,673▲ 44.2%€44,789▼ 13.3%€61,169▲ 36.6%€51,904▼ 15.1%
Total assets€109,120▲ 13.8%€110,223▲ 1.0%€118,333▲ 7.4%€111,873▼ 5.5%€102,306▼ 8.6%
Debt€73,291▲ 17.1%€58,550▼ 20.1%€73,544▲ 25.6%€50,704▼ 31.1%€50,402▼ 0.6%
Working capital-€15,777▲ 60.9%€5,615-€3,161€24,714€17,217▼ 30.3%
Staff (FTE)1.7▼ 37.0%4.7▲ 176%8.3▲ 76.6%7.1▼ 14.5%7.5▲ 5.6%
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 2025: a loss of €5,300 after €17,916 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,306
Fixed assets
€34,687 ▼ 4.8%
Current assets
€67,619 ▼ 10.3%
Equity and liabilities €102,306
Equity
€51,904 ▼ 15.1%
Debt
€50,402 ▼ 0.6%
Debt's share of the balance-sheet total rises from 45.3% to 49.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3,254▼
2024 · €35,759
Cash flow
-€711▼
2024 · €34,223
Current ratio
1.34▼
2024 · 1.49
Quick ratio
0.94▼
2024 · 1.19
Debt to equity
0.97▲
2024 · 0.83
ROE
-17.8%▼
2024 · 26.8%
ROA
-9.1%▼
2024 · 14.6%
Interest coverage
0.64▼
2024 · 31.57
Debt ≤ 1 year
€50,402▼
2024 · €50,704
Income taxes
€226▼
2024 · €1,237
Staff costs
€44,507▲
2024 · €30,990
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €48,228 | €58,970 | €30,990 | €44,507 | ▲ 43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,287 | €18,505 | €20,037 | €17,843 | €8,554 | ▼ 52.1% |
| Other operating charges640/8 | - | €856 | €577 | €1,456 | €1,243 | ▼ 14.6% |
| Gross operating margin9900 | €41,671 | €83,365 | €72,408 | €68,205 | €49,005 | ▼ 28.2% |
| Operating profit (loss)9901 | €3,733 | €15,776 | -€7,176 | €17,916 | -€5,300 | ▼ 130% |
| Financial income75/76B | - | €1,130 | €1,770 | €834 | €1,382 | ▲ 65.7% |
| Recurring financial income75 | €450 | €1,130 | €1,770 | €834 | €1,382 | ▲ 65.7% |
| Financial charges65/66B | - | €883 | €1,275 | €1,133 | €5,121 | ▲ 352% |
| Recurring financial charges65 | €1,443 | €883 | €1,275 | €1,133 | €5,121 | ▲ 352% |
| Profit (loss) for the period before taxes9903 | €2,739 | €16,022 | -€6,681 | €17,617 | -€9,039 | ▼ 151% |
| Income taxes67/77 | €179 | €179 | €204 | €1,237 | €226 | ▼ 81.8% |
| Profit (loss) for the period9904 | €2,560 | €15,844 | -€6,885 | €16,380 | -€9,265 | ▼ 157% |
| Profit (loss) for the period to be appropriated9905 | €2,560 | €15,844 | -€6,885 | €16,380 | -€9,265 | ▼ 157% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109,120 | €110,223 | €118,333 | €111,873 | €102,306 | ▼ 8.6% |
| Fixed assets21/28 | €69,831 | €53,949 | €47,950 | €36,454 | €34,687 | ▼ 4.8% |
| Intangible fixed assets21 | €17,500 | €15,000 | €12,500 | €10,000 | €7,500 | ▼ 25.0% |
| Tangible fixed assets22/27 | €43,469 | €30,086 | €26,587 | €17,592 | €18,324 | ▲ 4.2% |
| Plant, machinery and equipment23 | - | €15,683 | €18,480 | €15,695 | €13,035 | ▼ 16.9% |
| Furniture and vehicles24 | - | €14,403 | €8,108 | €1,897 | €5,289 | ▲ 179% |
| Financial fixed assets28 | €8,863 | €8,863 | €8,863 | €8,863 | €8,863 | = |
| Current assets29/58 | €39,289 | €56,275 | €70,383 | €75,419 | €67,619 | ▼ 10.3% |
| Stocks and contracts in progress3 | €8,672 | €8,887 | €16,848 | €15,049 | €20,353 | ▲ 35.2% |
| Stocks30/36 | - | €8,887 | €16,848 | €15,049 | €20,353 | ▲ 35.2% |
| Amounts receivable within one year40/41 | €2,326 | €7,058 | - | - | €1,024 | - |
| Trade receivables40 | - | €7,058 | - | - | €1,024 | - |
| Cash at bank and in hand54/58 | €26,929 | €39,232 | €52,382 | €59,419 | €45,410 | ▼ 23.6% |
| Deferred charges and accrued income490/1 | - | €1,097 | €1,154 | €951 | €832 | ▼ 12.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109,120 | €110,223 | €118,333 | €111,873 | €102,306 | ▼ 8.6% |
| Equity10/15 | €35,830 | €51,673 | €44,789 | €61,169 | €51,904 | ▼ 15.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €38,877 | €38,877 | €38,877 | €42,569 | €33,304 | ▼ 21.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €37,017 | €37,017 | €42,569 | €33,304 | ▼ 21.8% |
| Profit (loss) carried forward14 | -€21,647 | -€5,804 | -€12,688 | - | - | - |
| Amounts payable17/49 | €73,291 | €58,550 | €73,544 | €50,704 | €50,402 | ▼ 0.6% |
| Amounts payable after more than one year17 | €18,225 | €7,890 | - | - | - | - |
| Financial debts170/4 | - | €7,890 | - | - | - | - |
| Amounts payable within one year42/48 | €55,066 | €50,660 | €73,544 | €50,704 | €50,402 | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | - | €10,335 | €15,480 | €2,592 | - | - |
| Trade debts44 | €21,612 | €18,946 | €20,638 | €15,773 | €10,097 | ▼ 36.0% |
| Suppliers440/4 | - | €18,946 | €20,638 | €15,773 | €10,097 | ▼ 36.0% |
| Advances received on contracts in progress46 | - | €931 | €802 | - | - | - |
| Taxes, remuneration and social security45 | - | €15,970 | €23,680 | €9,951 | €18,917 | ▲ 90.1% |
| Taxes450/3 | - | €11,399 | €18,118 | €8,767 | €7,777 | ▼ 11.3% |
| Remuneration and social security454/9 | - | €4,571 | €5,562 | €1,184 | €11,141 | ▲ 841% |
| Other amounts payable47/48 | - | €4,478 | €12,945 | €22,388 | €21,388 | ▼ 4.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,560 | €15,844 | -€6,885 | €16,380 | -€9,265 | ▼ 157% |
| + Depreciation and write-downs630 | €17,287 | €18,505 | €20,037 | €17,843 | €8,554 | ▼ 52.1% |
| Operating cash flow (approximation) | €19,848 | €34,348 | €13,153 | €34,223 | -€711 | ▼ 102% |
| Investment in fixed assets (approximation) | - | -€2,622 | -€14,039 | -€6,347 | -€6,786 | ▼ 6.9% |
| Change in cash | - | €12,303 | €13,150 | €7,037 | -€14,008 | ▼ 299% |
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
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet -€9,265
Net result drops to -€9,265, the lowest in the series.
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €16,380
Net result €16,380 after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
17-01
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 3 acts read
About the unread acts
We know of 3 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
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, Waregem · 2 establishment units since 2007
Ground area
308 m²
Building footprint
309 m²
Volume, LiDAR
2,076 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Phima
since 20072.158.726.189
Bananas
since 20262.389.883.624
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0940/00P000 | Flanders | 190 m² | 1 · 190 m² | 11.5 m · 3 fl. |
| 34040C0845/00Y000 | Flanders | 119 m² | 1 · 119 m² | 9.3 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesWaregem2.158.726.189
Waregem2.389.883.624
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Of 14,006 companies in sector 56301 we hold annual accounts for 4,889. 4,051 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-11-2006
Fiscal year end30-06
Activities, NACEBEL 2025
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.