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PHIN-MARKET

Active
Private limited companyfounded 2017active for 9 yearsCyriel Buyssestraat 30, 9850 Deinze, BelgiumKBO/BCE: BE 0674.699.633

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

PHIN-MARKET has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172,960 and a net result of €45,592. Equity has been growing by about 20% per year since 2019. Its solvency ranks better than 20% of 12,757 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Overview

Official details

KBO
Status
Active since 20-04-2017 Normal situation
Activity
Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110
Establishment unit
2.263.901.806 9850 Deinze, since 20-04-2017
Financial year end
31 December
Peppol
Reachable since 19-12-2025

Board and ownership

Board
  • Phin-HoldingDirector

Financial position

63 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.4%
Annual accounts 2025
Gross margin
€476,817
▲ 15.2%
Turnover
≈ €4.6m
estimated
Profit
€45,592
▼ 25.2%
Equity
€172,960
▼ 59.5%
Total assets
€1.9m
▲ 10.6%
Staff
7.6 FTE
▲ 46.2%
Filed on 17-06-2026, 44 days before the deadlineat the National Bank
Score breakdownraises riskEquity €172,960 (9.3% of total assets)1 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed on 17-06-2026)Liquidity: current ratio 0.99, cash €361,660Show the evidence

Checked score

Score 2025
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 27% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Weak
Solvency 34-16
equity 9.3% of total assets
Liquidity 27-8
short-term debt 85.5% · cash 19.5%
Profitability 68-5
return on assets 2.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 0.8% 01-2025: 1.2%▲ +0.4 percentage points vs 12-2024 02-2025: 1.2%● unchanged vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.4%▲ +0.2 percentage points vs 03-2025 05-2025: 1.7%▲ +0.3 percentage points vs 04-2025 06-2025: 1.7%● unchanged vs 05-2025 07-2025: 1.9%▲ +0.2 percentage points vs 06-2025 08-2025: 0.8%▼ -1.1 percentage points vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.7%▼ -0.1 percentage points vs 12-2025lowest value 02-2026: 0.7%● unchanged vs 01-2026lowest value 03-2026: 0.7%● unchanged vs 02-2026lowest value 04-2026: 0.8%▲ +0.1 percentage points vs 03-2026 05-2026: 1.0%▲ +0.2 percentage points vs 04-2026 06-2026: 1.1%▲ +0.1 percentage points vs 05-2026 07-2026: 1.4%▲ +0.3 percentage points vs 06-2026 08-2026: 1.8%▲ +0.4 percentage points vs 07-2026 09-2026: 2.5%▲ +0.7 percentage points vs 08-2026highest value 10-2026: 1.4%▼ -1.1 percentage points vs 09-2026 11-2026: 1.4%● unchanged vs 10-2026
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.99 (1.21 in 2024), below 1. Short-term debt is 85.5% and cash 19.5% of total assets. 90.7% of the assets are financed with debt and provisions.
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 47, micro). It does better than 26% of them on solvency, 25% on liquidity, 48% on profitability and 9% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Equity €172,960 (9.3% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 17-06-2026)
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.99, cash €361,660
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 12757 sector peers (2025).
NBB · sector comparison
Position among 12757 sector peers
Solvency
better than 20%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
44 days early
2024
31 days early
2023
43 days early
2022
34 days early
2021
33 days early
2020
12 days early
2019
41 days early
← 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 34 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Equity fell in 2025from €427,368 to €172,960 ▼ 59.5% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View

Comparable companies

These companies have the same main activity as PHIN-MARKET: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €1.4m and €2.2m, founded between 2016 and 2019.

CompanyTotal assetsGross margin
PHIN-MARKET Deinze€1.9m€0.5m
TEKBIR Gent€1.8m€0.7m
Express Froissart Sint-Joost-ten-Node€2.2m€0.5m
PHIN-FOOD Gent€1.4m€0.5m
AALST RETAIL Aalst€1.5m€0.7m
MELLE RETAIL Merelbeke-Melle€1.9m€0.8m
ZELCO Zele€1.4m€0.5m
Full comparison

Documents

Annual accounts at the NBB

All 8 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about PHIN-MARKET

What is the company number of PHIN-MARKET?
The company number of PHIN-MARKET is 0674.699.633. The VAT number is the same number with BE in front: BE 0674.699.633.
Where is PHIN-MARKET based?
The registered office is at Cyriel Buyssestraat 30, 9850 Deinze.Company details
What does PHIN-MARKET do?
According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
What is the legal form of PHIN-MARKET?
The legal form of PHIN-MARKET is Private limited company (BV).
When was PHIN-MARKET founded?
PHIN-MARKET was founded on 20-04-2017.
Is PHIN-MARKET still active?
Yes, PHIN-MARKET is an active enterprise in the KBO register.
How many employees does PHIN-MARKET have?
PHIN-MARKET had an average of 7.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PHIN-MARKET?
The turnover in financial year 2025 is ≈ €4.6m. This figure is estimated from the gross margin of €476,817 and 44 comparable companies (NACE 47110). It probably lies between €3.7m and €6.1m.
Is PHIN-MARKET profitable?
In financial year 2025, PHIN-MARKET made a profit of €45,592.
Where can I find the annual accounts of PHIN-MARKET?
PHIN-MARKET filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of PHIN-MARKET due?
PHIN-MARKET must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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