Equity
€71,847 ▲ 20.4%
PHIMAAI paid out €6,536 in dividends. That is 31% of the 2025 profit.
PHIMAAI
Lifetime
16 annual accounts with figures on one time axispeak €48,267 (2013)
€33,356▲ 90.3%
lowest -€11,912 (2020)
€20,957▲ 125%
peak €90,487 (2019)
€71,847▲ 20.4%
€114,225▲ 48.7%
Board2 names since 2022
2 directorsMaaike Demets and 1 other
Documentsfilings and deeds
18-03-202646 days late
2025micro format
Gross margin from €17,525 to €33,356Result from €9,298 to €20,957Dividend €6,536Equity from €59,696 to €71,847Debts from €76,792 to €114,225Cash from €37,032 to €17,172
Key points
from the 2025 annual accountsChecked score
85
Excellent
Financially stronger than 57% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.4%▲ +0.2 percentage points vs 12-2024
02-2025: 0.1%▼ -0.3 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.3%▲ +0.2 percentage points vs 01-2026
03-2026: 0.4%▲ +0.1 percentage points vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026highest value
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 47 days late; 1 of the last 3 accounts late
Sector: Wholesale trade (NACE 46)
lowers risk
Founded in 2009
Figures for financial year 2025 (filed on 19-03-2026)
Calculation
The band follows from the bankruptcy probability. 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 46, micro). It does better than 47% of them on solvency, 27% on liquidity, 77% on profitability and 76% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as PHIMAAI has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of PHIMAAI itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for PHIMAAI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.57 (1.66 in 2024), above the usual 1.5. Short-term debt is 61.4% and cash 9.2% of total assets. However, 61.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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
19202122232425
2019 to 2025 · latest year €71,847
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-03-2026, 46 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
46 days late
2024
on the day
2023
5 days early
2022
on the day
2021
24 days late
2020
2 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0809669886
Changes of role: Philippe Hautekiet (director) and Maaike Demets (director)
Director discharge: Philippe Hautekiet · Director discharge: Maaike Demets · General meeting of 22-02-2023 · Gazette deed
First establishment
Kleine Weg 187, Roeselare
Incorporation
published on 18-02-2009 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as PHIMAAI: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €156,000 and €228,000, founded between 2007 and 2010.
Official details
Source: KBO- Status
- Active since 23-01-2009Normal situation
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Establishment unit
- 2.177.484.6058800 Roeselare, since 09-02-2009
- Financial year end
- 30 June
- Peppol
- Reachable since 01-12-2025
Insights on PHIMAAI
PHIMAAI files the micro format. That format states no turnover. The gross margin fell from €35,668 in 2010 to €33,356 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PHIMAAI
- What is the company number of PHIMAAI?
- The company number of PHIMAAI is 0809.669.886. The VAT number is the same number with BE in front: BE 0809.669.886.
- Where is PHIMAAI based?
- The registered office is at Kleine Weg 187, 8800 Roeselare.Company details
- What does PHIMAAI do?
- According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
- What is the legal form of PHIMAAI?
- PHIMAAI is a private limited company (BV).
- When was PHIMAAI founded?
- PHIMAAI was founded on 23-01-2009.
- Is PHIMAAI still active?
- Yes, PHIMAAI is an active enterprise in the KBO register.
- What is the turnover of PHIMAAI?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €33,356 and 38 comparable companies (NACE 461). It probably lies between €91,000 and €370,000.Financials
- Is PHIMAAI profitable?
- In financial year 2025, PHIMAAI made a profit of €20,957.
- Where can I find the annual accounts of PHIMAAI?
- PHIMAAI filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PHIMAAI due?
- PHIMAAI must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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