PHIMARC
ActiveSummary
PHIMARC has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €716,975 and a net result of €333,256. Equity is growing by about 72% per year across the filed financial years. Its solvency ranks better than 85% of 39,121 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €716,975
- Profit
- €333,256
Why 98lowers riskLiquidity: current ratio 7.45, cash €586,010Size: total assets €825,514Equity €716,975 (86.9% of total assets)Sector: Activities of head offices; management consultancy activities (NACE 70)Show 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 70, micro): better than 86% on solvency, 92% on liquidity, 84% on profitability and 88% on growth.
The bankruptcy probability was computed on 24-10-2026 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 53 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €333,256 ▲115%
- Equity above €500,000equity €716,975 ▲86.8%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 119% 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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: 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), Staff (FTE).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- 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 497,474 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 34,695 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €17,700 | €17,141 | €19,011 | €19,167 | €19,907 | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,085 | €4,876 | €4,876 | €4,572 | €8,806 | €12,692 | €19,030 | €17,189 | ▼ 9.7% |
| Other operating charges640/8 | - | - | - | €695 | €348 | €384 | €1,825 | €1,574 | ▼ 13.8% |
| Gross operating margin9900 | €136,500 | €166,966 | €191,596 | €358,085 | €224,554 | €126,470 | €261,634 | €523,345 | ▲ 100% |
| Operating profit (loss)9901 | €132,068 | €156,266 | €178,409 | €335,119 | €198,261 | €94,383 | €221,612 | €484,676 | ▲ 119% |
| Financial income75/76B | - | - | - | €126 | - | - | €25 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1,319 | - | €6 | €126 | - | - | €25 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €91 | €174 | €165 | €73 | €56 | ▼ 23.0% |
| Recurring financial charges65 | €117 | €182 | €62 | €91 | €174 | €165 | €73 | €56 | ▼ 23.0% |
| Profit (loss) for the period before taxes9903 | €133,270 | €156,084 | €178,354 | €335,154 | €198,087 | €94,217 | €221,564 | €484,620 | ▲ 119% |
| Income taxes67/77 | €31,737 | €38,103 | €40,797 | €81,939 | €57,222 | €27,257 | €66,905 | €151,363 | ▲ 126% |
| Profit (loss) for the period9904 | €101,532 | €117,981 | €137,557 | €253,215 | €140,864 | €66,960 | €154,659 | €333,256 | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | €101,532 | €117,981 | €137,557 | €253,215 | €140,864 | €66,960 | €154,659 | €333,256 | ▲ 115% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €191,112 | €99,869 | €187,993 | €352,641 | €224,832 | €258,068 | €420,993 | €825,514 | ▲ 96.1% |
| Fixed assets21/28 | €15,002 | €14,085 | €9,208 | €9,348 | €43,746 | €49,242 | €34,356 | €17,168 | ▼ 50.0% |
| Tangible fixed assets22/27 | €15,002 | €14,085 | €9,208 | €9,348 | €43,746 | €49,242 | €34,356 | €17,168 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | - | €3,416 | - | €15,871 | €6,777 | - | - |
| Other tangible fixed assets26 | - | - | - | €5,932 | €43,746 | €33,371 | €27,580 | €17,168 | ▼ 37.8% |
| Current assets29/58 | €176,110 | €85,785 | €178,784 | €343,293 | €181,086 | €208,826 | €386,637 | €808,346 | ▲ 109% |
| Amounts receivable within one year40/41 | €42,892 | €30,820 | €75,627 | €97,003 | €62,206 | €84,672 | €181,254 | €222,336 | ▲ 22.7% |
| Trade receivables40 | - | - | - | €97,003 | €62,206 | €586 | €74,246 | €127,715 | ▲ 72.0% |
| Other amounts receivable41 | - | - | - | - | - | €84,087 | €107,008 | €94,621 | ▼ 11.6% |
| Cash at bank and in hand54/58 | €132,970 | €54,604 | €102,790 | €245,975 | €118,565 | €123,813 | €205,383 | €586,010 | ▲ 185% |
| Deferred charges and accrued income490/1 | - | - | - | €315 | €315 | €341 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €191,112 | €99,869 | €187,993 | €352,641 | €224,832 | €258,068 | €420,993 | €825,514 | ▲ 96.1% |
| Equity10/15 | €21,236 | €21,236 | €21,236 | €21,236 | €162,100 | €229,060 | €383,719 | €716,975 | ▲ 86.8% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €142,719 | €209,679 | €364,338 | €697,595 | ▲ 91.5% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €140,864 | €209,679 | €364,338 | €697,595 | ▲ 91.5% |
| Profit (loss) carried forward14 | €831 | €831 | €831 | €831 | €831 | €831 | €831 | €831 | = |
| Amounts payable17/49 | €169,876 | €78,634 | €166,757 | €331,406 | €62,733 | €29,008 | €37,274 | €108,538 | ▲ 191% |
| Amounts payable within one year42/48 | €169,876 | €78,634 | €166,757 | €331,406 | €62,733 | €29,008 | €37,274 | €108,538 | ▲ 191% |
| Trade debts44 | €26,770 | €7,847 | €3,556 | €7,852 | €25,962 | €4,376 | €7,614 | €2,678 | ▼ 64.8% |
| Suppliers440/4 | - | - | - | €7,852 | €25,962 | €4,376 | €7,614 | €2,678 | ▼ 64.8% |
| Taxes, remuneration and social security45 | - | - | - | €60,052 | €27,577 | €24,633 | €29,661 | €105,860 | ▲ 257% |
| Taxes450/3 | - | - | - | €58,046 | €25,487 | €22,311 | €27,304 | €103,420 | ▲ 279% |
| Remuneration and social security454/9 | - | - | - | €2,006 | €2,090 | €2,322 | €2,356 | €2,440 | ▲ 3.6% |
| Other amounts payable47/48 | - | - | - | €263,501 | €9,194 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,532 | €117,981 | €137,557 | €253,215 | €140,864 | €66,960 | €154,659 | €333,256 | ▲ 115% |
| + Depreciation and write-downs630 | €4,085 | €4,876 | €4,876 | €4,572 | €8,806 | €12,692 | €19,030 | €17,189 | ▼ 9.7% |
| Operating cash flow (approximation) | €105,617 | €122,858 | €142,433 | €257,786 | €149,670 | €79,652 | €173,689 | €350,445 | ▲ 102% |
| Investment in fixed assets (approximation) | - | -€3,959 | €0 | -€4,711 | -€43,203 | -€18,188 | -€4,145 | €0 | - |
| Change in cash | - | -€78,365 | €48,186 | €143,185 | -€127,410 | €5,248 | €81,570 | €380,627 | ▲ 367% |
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 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 02-04-2026 | 2026-00072776 |
| 31-12-2024 | micro format | 02-06-2025 | 2025-00113229 |
| 31-12-2023 | micro format | 23-05-2024 | 2024-00093705 |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00365468 |
| 31-12-2021 | micro format | 30-05-2022 | 2022-20036980 |
| 31-12-2020 | micro format | 19-05-2021 | 2021-14400210 |
| 31-12-2019 | micro format | 13-07-2020 | 2020-28800124 |
| 31-12-2018 | micro format | 28-05-2019 | 2019-14500259 |
| 31-12-2017 | abbreviated format | 12-07-2018 | 2018-31500374 |
| 31-12-2016 | abbreviated format | 27-06-2017 | 2017-21200154 |
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
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Marc DE BRAEKELEER |
|
Owners and capital
Capital and shareholders
- 28-12-2023 Converted to unavailable equity · €18,550
Group and network
Connections & network
1 current directorThe board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
28-12
Gazette deed
Resignation: Marc DE BRAEKELEER (statutory manager and director)Appointment: Marc DE BRAEKELEER (statutory director) · Capital conversion · Reserve release13 facts ▸
- General meeting, 19-12-2023
- Other provision, “behoud rechtsvorm, BV” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “middelen beschikbaar maken voor uitkering, vormen en meerderheden statutenwijziging” (deed in Dutch)
- Director resignation, Marc DE BRAEKELEER (statutory manager and director)
- Director discharge, Marc DE BRAEKELEER
- Board rule, 1
- Director appointment, Marc DE BRAEKELEER (statutory director)
- Amendment of the articles
- Capital
- Board composition, Marc DE BRAEKELEER (statutory director)
- Registered office clause, “Edmond Vandervaerenstraat 27,1560 Hoeilaart” (deed in Dutch)
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 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 24 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 |
|---|---|---|---|---|
| 23033B0582/00Z002 | Flanders | 2,719 m² | 1 · 222 m² | 6.9 m · 2 |
| 23033B0750/00Y005 | Flanders | 177 m² | 1 · 87 m² | 11.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle mogelijke advies- en/of dienstenfuncties; Consultancy,opleiding,technische expertise en bijstand; Het geven van advies en verstrekken…” (deed in Dutch)
9 activities (deed in Dutch)
- Alle mogelijke advies- en/of dienstenfuncties
- Consultancy,opleiding,technische expertise en bijstand
- Het geven van advies en verstrekken van diensten met betrekking tot de organisatie en het beheer van bedrijven,de vertegenwoordiging en het optreden als commercieel tussenpersoon
- Het commercialiseren,onder al zijn mogelijke vormen,en met name de aankoop,de verkoop,de makelaardij en de commissie van allerlei soorten goederen,door andere ondernemingen gefabriceerde producten
- Het concipiëren,fabriceren en commercialiseren van allerlei soorten goederen en,algemeen genomen,het concipiëren,fabriceren en commercialiseren van alle toestellen
- Samenwerken met,deelnemen in,of op gelijk welke wijze,rechtstreeks of onrechtstreeks,belangen nemen in andere ondernemingen
- Zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak
- Optreden als bestuurder,volmachtdrager,mandataris of vereffenaar in andere vennootschappen of ondernemingen
- In het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PHIMARC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “TITEL IV. BESTUUR - CONTROLE Artikel 10. Bestuursorgaan De vennootschap wordt bestuurd door één of meer bestuurders, natuurlijke personen of…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt aantal,duur opdracht en bij meerdere bevoegdheid, met of zonder beperking duur” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten,los van representatie-,reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, aandeelhouders voor hun effecten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft kopers naar evenredigheid verworven aantal, aandeelhouders die zich verzetten moeten zelf kopen aan vermelde prijs of…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen, ten minste vijftien dagen vanaf openstelling intekening” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Recht AV één of meer vereffenaars aan te duiden,bevoegdheden te omlijnen en vergoeding te bepalen, bestuurders in functie als vereffenaars…” (deed in Dutch)