PHIN
ActiveSummary
PHIN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €258,994 and a net result of €43,580. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 63% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+4
Solvency93▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 8.83 against 9.79 in 2024; short-term debt: 6.7% and cash: 23.1% of total assets), and 31.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.2%
Return on assets
11.5%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
38 d late
2024
29 d late
2023
29 d late
2022
23 d late
2021
25 d late
2020
19 d late
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€258,994▲ 20.2%
2024 · €215,413
Total assets
€379,704▲ 13.0%
2024 · €335,951
Net result
€43,580▲ 52.1%
2024 · €28,656
Working capital
€198,864▲ 30.4%
2024 · €152,557
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€55,571▲ 22.6%€38,787▼ 30.2%-€3,743€41,428€61,174▲ 47.7%
Net result€37,836within the sector's middle half▲ 18.7%€25,249within the sector's middle half▼ 33.3%-€6,131below the sector's middle half€28,656within the sector's middle half€43,580within the sector's middle half▲ 52.1%
Equity€167,639within the sector's middle half▼ 2.2%€192,888within the sector's middle half▲ 15.1%€186,757within the sector's middle half▼ 3.2%€215,413within the sector's middle half▲ 15.3%€258,994above the sector's middle half▲ 20.2%
Total assets€310,869within the sector's middle half▼ 3.8%€339,505within the sector's middle half▲ 9.2%€306,910within the sector's middle half▼ 9.6%€335,951within the sector's middle half▲ 9.5%€379,704within the sector's middle half▲ 13.0%
Debt€143,230▼ 5.6%€146,617▲ 2.4%€120,153▼ 18.1%€120,538▲ 0.3%€120,710▲ 0.1%
Working capital€123,854within the sector's middle half▲ 0.5%€153,952above the sector's middle half▲ 24.3%€152,089above the sector's middle half▼ 1.2%€152,557above the sector's middle half▲ 0.3%€198,864above the sector's middle half▲ 30.4%
Solvency53.9%within the sector's middle half▲ 0.9pp56.8%within the sector's middle half▲ 2.9pp60.9%within the sector's middle half▲ 4.0pp64.1%within the sector's middle half▲ 3.3pp68.2%within the sector's middle half▲ 4.1pp
Current ratio8.13above the sector's middle half▲ 0.486.46above the sector's middle half▼ 1.6717.39above the sector's middle half▲ 10.939.79above the sector's middle half▼ 7.618.83above the sector's middle half▼ 0.95
Return on assets (ROA)12.2%within the sector's middle half▲ 2.3pp7.4%within the sector's middle half▼ 4.7pp-2.0%below the sector's middle half▼ 9.4pp8.5%within the sector's middle half▲ 10.5pp11.5%within the sector's middle half▲ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 48% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €379,704
Fixed assets
€155,452 ▼ 6.4%
Current assets
€224,252 ▲ 32.0%
Equity and liabilities €379,704
Equity
€258,994 ▲ 20.2%
Debt
€120,710 ▲ 0.1%
Debt's share of the balance-sheet total falls from 35.9% to 31.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78,113▲
2024 · €53,027
Cash flow
€60,520▲
2024 · €40,255
Debt to equity
0.47▼
2024 · 0.56
ROE
16.8%▲
2024 · 13.3%
Interest coverage
31.74▲
2024 · 15.91
Debt ≤ 1 year
€25,388▲
2024 · €17,365
Debt > 1 year
€95,322▼
2024 · €103,173
Income taxes
€17,686▲
2024 · €11,439
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,736 | €12,264 | €11,839 | €11,599 | €16,939 | ▲ 46.0% |
| Other operating charges640/8 | €6,151 | €7,225 | €7,087 | €7,258 | €7,901 | ▲ 8.9% |
| Gross operating margin9900 | €74,458 | €58,276 | €15,184 | €60,285 | €86,014 | ▲ 42.7% |
| Operating profit (loss)9901 | €55,571 | €38,787 | -€3,743 | €41,428 | €61,174 | ▲ 47.7% |
| Financial income75/76B | €2,063 | €2,000 | €2,006 | €2,000 | €2,553 | ▲ 27.7% |
| Recurring financial income75 | €2,063 | €2,000 | €2,006 | €2,000 | €2,553 | ▲ 27.7% |
| Financial charges65/66B | €4,215 | €4,191 | €3,808 | €3,332 | €2,461 | ▼ 26.2% |
| Recurring financial charges65 | €4,215 | €4,191 | €3,808 | €3,332 | €2,461 | ▼ 26.2% |
| Profit (loss) for the period before taxes9903 | €53,418 | €36,596 | -€5,545 | €40,095 | €61,267 | ▲ 52.8% |
| Income taxes67/77 | €15,582 | €11,347 | €586 | €11,439 | €17,686 | ▲ 54.6% |
| Profit (loss) for the period9904 | €37,836 | €25,249 | -€6,131 | €28,656 | €43,580 | ▲ 52.1% |
| Profit (loss) for the period to be appropriated9905 | €37,836 | €25,249 | -€6,131 | €28,656 | €43,580 | ▲ 52.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €310,869 | €339,505 | €306,910 | €335,951 | €379,704 | ▲ 13.0% |
| Fixed assets21/28 | €169,647 | €157,383 | €145,544 | €166,029 | €155,452 | ▼ 6.4% |
| Tangible fixed assets22/27 | €166,647 | €154,383 | €142,544 | €163,029 | €152,452 | ▼ 6.5% |
| Land and buildings22 | €150,147 | €141,610 | €133,074 | €125,599 | €116,945 | ▼ 6.9% |
| Plant, machinery and equipment23 | €1,018 | €703 | €388 | €73 | €0 | ▼ 100% |
| Furniture and vehicles24 | €3,903 | €2,144 | €811 | €30,739 | €25,478 | ▼ 17.1% |
| Other tangible fixed assets26 | €11,580 | €9,926 | €8,272 | €6,617 | €10,029 | ▲ 51.6% |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €141,222 | €182,122 | €161,366 | €169,922 | €224,252 | ▲ 32.0% |
| Amounts receivable within one year40/41 | €118,184 | €110,013 | €102,035 | €122,592 | €125,485 | ▲ 2.4% |
| Trade receivables40 | €18,184 | €10,000 | €1,946 | €22,420 | €8,548 | ▼ 61.9% |
| Other amounts receivable41 | €100,000 | €100,013 | €100,089 | €100,172 | €116,937 | ▲ 16.7% |
| Cash at bank and in hand54/58 | €19,812 | €66,843 | €51,428 | €38,183 | €87,602 | ▲ 129% |
| Deferred charges and accrued income490/1 | €3,227 | €5,266 | €7,903 | €9,147 | €11,164 | ▲ 22.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €310,869 | €339,505 | €306,910 | €335,951 | €379,704 | ▲ 13.0% |
| Equity10/15 | €167,639 | €192,888 | €186,757 | €215,413 | €258,994 | ▲ 20.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €160,724 | €186,224 | €186,224 | €209,157 | €252,737 | ▲ 20.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | €158,864 | €184,364 | €184,364 | €209,157 | €252,737 | ▲ 20.8% |
| Profit (loss) carried forward14 | €716 | €464 | -€5,667 | €56 | €57 | ▲ 0.7% |
| Amounts payable17/49 | €143,230 | €146,617 | €120,153 | €120,538 | €120,710 | ▲ 0.1% |
| Amounts payable after more than one year17 | €125,849 | €118,433 | €110,876 | €103,173 | €95,322 | ▼ 7.6% |
| Financial debts170/4 | €125,849 | €118,433 | €110,876 | €103,173 | €95,322 | ▼ 7.6% |
| Amounts payable within one year42/48 | €17,368 | €28,171 | €9,277 | €17,365 | €25,388 | ▲ 46.2% |
| Current portion of amounts payable after more than one year42 | €7,276 | €7,416 | €7,558 | €7,703 | €7,850 | ▲ 1.9% |
| Trade debts44 | €3,119 | €2,788 | €1,252 | €2,534 | €583 | ▼ 77.0% |
| Suppliers440/4 | €3,119 | €2,788 | €1,252 | €2,534 | €583 | ▼ 77.0% |
| Taxes, remuneration and social security45 | €6,972 | €17,967 | €467 | €7,128 | €16,954 | ▲ 138% |
| Taxes450/3 | €6,972 | €17,967 | €467 | €7,128 | €16,954 | ▲ 138% |
| Accrued charges and deferred income492/3 | €13 | €13 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,836 | €25,249 | -€6,131 | €28,656 | €43,580 | ▲ 52.1% |
| + Depreciation and write-downs630 | €12,736 | €12,264 | €11,839 | €11,599 | €16,939 | ▲ 46.0% |
| Operating cash flow (approximation) | €50,572 | €37,513 | €5,708 | €40,255 | €60,520 | ▲ 50.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€32,084 | -€6,363 | ▲ 80.2% |
| Change in cash | - | €47,031 | -€15,415 | -€13,245 | €49,420 | ▲ 473% |
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
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 38 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €28,656
Net result €28,656 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €215,413 ▲15.3%
Equity rises from €186,757 to €215,413.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€6,131
Net result drops to -€6,131, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 17.39
Current ratio from 6.46 to 17.39; short-term debt falls from €28,171 to €9,277.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 7.65
Current ratio from 3.77 to 7.65; short-term debt falls from €31,772 to €18,538.
31-12
Financial
Equity above €150,000Eq €171,401 ▲22.8%
3 profitable years in a row build equity to €171,401.
Show earlier events
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €48,289 ▲40.3%
Operating result €69,725, net result €48,289, both a record.
31-12
Financial
Equity above €100,000Eq €139,531 ▲52.9%
2 profitable years in a row build equity to €139,531.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
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 5 acts read
About the unread acts
We know of 5 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
5 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, Nazareth-De Pinte · 1 establishment unit since 2011
Ground area
810 m²
Building footprint
101 m²
Volume, LiDAR
639 m³
Parcel 44012B0197/00Z003, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PHIN
since 20112.198.516.678
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44012B0197/00Z003 | Flanders | 810 m² | 1 · 101 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 38,815 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
Founded07-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0835423089
Also
9925:BE0835423089
Registered
10-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.