PHIMY
InactivePHIMY was declared bankrupt on 23-03-2022 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 23-12-2024, published in the Belgian State Gazette on 31-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 11-03-2022, 142 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
142 d early
2020
25 d early
2019
144 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Equity
-€300,315▼ 134%
2020 · -€128,497
Total assets
€812,411▲ 34.4%
2020 · €604,412
Net result
-€171,818
2020 · €110,718
Working capital
-€79,810▲ 61.7%
2020 · -€208,181
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
Line2018201920202021
Operating result-€42,073--€35,179▲ 16.4%€71,695-€197,976
Net result-€7,093--€3,418▲ 51.8%€110,718-€171,818
Equity-€235,797--€239,215▼ 1.4%-€128,497▲ 46.3%-€300,315▼ 134%
Total assets€619,036-€673,547▲ 8.8%€604,412▼ 10.3%€812,411▲ 34.4%
Debt€854,833-€912,763▲ 6.8%€732,909▼ 19.7%€1.1m▲ 51.8%
Working capital-€290,415--€334,564▼ 15.2%-€208,181▲ 37.8%-€79,810▲ 61.7%
Staff (FTE)4.8-5
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €197,976 after €71,695 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €811,862
Fixed assets
€54,247 ▼ 35.6%
Current assets
€757,614 ▲ 45.9%
Key figures and ratios
EBITDA
-€159,261▼
2020 · €109,708
Cash flow
-€133,104▼
2020 · €148,732
Solvency
-37.0%▼
2020 · -21.3%
Current ratio
0.90▲
2020 · 0.71
Quick ratio
0.81▲
2020 · 0.60
Debt to equity
-0.90
ROA
-21.1%▼
2020 · 18.3%
Debt ≤ 1 year
€837,425▲
2020 · €727,607
Debt > 1 year
€270,000
Income taxes
€744▼
2020 · €902
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,937 | €47,063 | €38,013 | €38,714 | ▲ 1.8% |
| Gross operating margin9900 | €248,939 | €220,059 | €335,753 | €88,165 | ▼ 73.7% |
| Operating profit (loss)9901 | -€42,073 | -€35,179 | €71,695 | -€197,976 | ▼ 376% |
| Recurring financial income75 | €51,747 | €44,962 | €48,769 | €32,921 | ▼ 32.5% |
| Recurring financial charges65 | €15,906 | €13,161 | €8,843 | €6,020 | ▼ 31.9% |
| Profit (loss) for the period before taxes9903 | -€6,232 | -€3,378 | €111,621 | -€171,074 | ▼ 253% |
| Income taxes67/77 | €861 | €40 | €902 | €744 | ▼ 17.5% |
| Profit (loss) for the period9904 | -€7,093 | -€3,418 | €110,718 | -€171,818 | ▼ 255% |
| Profit (loss) for the period to be appropriated9905 | -€7,093 | -€3,418 | €110,718 | -€171,818 | ▼ 255% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €619,036 | €673,547 | €604,412 | €812,411 | ▲ 34.4% |
| Formation expenses20 | - | €976 | €732 | €549 | ▼ 25.0% |
| Fixed assets21/28 | €140,420 | €119,048 | €84,253 | €54,247 | ▼ 35.6% |
| Intangible fixed assets21 | €3,830 | €0 | - | - | - |
| Tangible fixed assets22/27 | €136,276 | €118,733 | €83,938 | €53,933 | ▼ 35.7% |
| Financial fixed assets28 | €315 | €315 | €315 | €315 | = |
| Current assets29/58 | €478,616 | €553,523 | €519,427 | €757,614 | ▲ 45.9% |
| Stocks and contracts in progress3 | €121,120 | €111,482 | €81,848 | €78,206 | ▼ 4.4% |
| Amounts receivable within one year40/41 | €324,508 | €408,791 | €386,131 | €612,807 | ▲ 58.7% |
| Cash at bank and in hand54/58 | €29,157 | €32,511 | €44,992 | €65,925 | ▲ 46.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €619,036 | €673,547 | €604,412 | €812,411 | ▲ 34.4% |
| Equity10/15 | -€235,797 | -€239,215 | -€128,497 | -€300,315 | ▼ 134% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€335,797 | -€339,215 | -€228,497 | -€400,315 | ▼ 75.2% |
| Amounts payable17/49 | €854,833 | €912,763 | €732,909 | €1.1m | ▲ 51.8% |
| Amounts payable after more than one year17 | €80,501 | €19,374 | - | €270,000 | - |
| Amounts payable within one year42/48 | €769,031 | €888,087 | €727,607 | €837,425 | ▲ 15.1% |
| Trade debts44 | €58,366 | €40,356 | €78,090 | €41,846 | ▼ 46.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,093 | -€3,418 | €110,718 | -€171,818 | ▼ 255% |
| + Depreciation and write-downs630 | €62,937 | €47,063 | €38,013 | €38,714 | ▲ 1.8% |
| Operating cash flow (approximation) | €55,844 | €43,645 | €148,732 | -€133,104 | ▼ 189% |
| Investment in fixed assets (approximation) | - | -€25,690 | -€3,218 | -€8,709 | ▼ 171% |
| Change in cash | - | €3,354 | €12,481 | €20,933 | ▲ 67.7% |
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
2024
31-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 23-12-2024
2022
29-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 23-03-2022
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€171,818
Net result drops to -€171,818, the lowest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €110,718
Net result €110,718 after 2 loss-making years.
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 144 days late
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 422 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
10-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 10 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIETER DEWAELE GROENINGESTRAAT 33, 8500 KORT-
RIJK |
23-03-2022 → 23-12-2024 |