PHINA
Open bankruptcyA bankruptcy procedure is open for PHINA according to publications in the Belgian State Gazette; curator: BRAM WALSCHAP.
Summary
The file additionally contains 1 administrative flag. The 2024 annual accounts show negative equity (-€81,782) and a net result of €48,045.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Bruges division
- Declared bankrupt
- 2 April 2026
- Supervising judge
- Veronique Vyt
- Official Gazette
- 09-04-2026 (pdf) ↗search the document for 2026/115562
Deadlines
- Provisional date payments stopped
- 2 April 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 24 April 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 2 May 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 12 May 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 2 April 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Bram WalschapWiedauwbos 68, 8310 Bruggebram@advocaatwalschap.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 2937 sector peers (2024).
NBB · sector comparisonPosition among 2937 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
94 d early
2021
31 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Cafés and bars sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
-€81,782▲ 37.0%
2023 · -€129,828
Total assets
€198,517▼ 15.4%
2023 · €234,663
Net result
€48,045▲ 164,157%
2023 · €29
Working capital
-€55,558▼ 47.8%
2023 · -€37,579
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20202021202220232024
Operating result-€111,166--€37,458▲ 66.3%€4,548€2,499▼ 45.1%€55,222▲ 2,110%
Net result-€110,130below the sector's middle half--€38,615below the sector's middle half▲ 64.9%€3,889within the sector's middle half€29within the sector's middle half▼ 99.2%€48,045within the sector's middle half▲ 164,157%
Equity-€95,130below the sector's middle half--€133,746below the sector's middle half▼ 40.6%-€129,857below the sector's middle half▲ 2.9%-€129,828below the sector's middle half=-€81,782below the sector's middle half▲ 37.0%
Total assets€256,016within the sector's middle half-€233,197within the sector's middle half▼ 8.9%€251,825within the sector's middle half▲ 8.0%€234,663within the sector's middle half▼ 6.8%€198,517below the sector's middle half▼ 15.4%
Debt€351,147-€366,943▲ 4.5%€381,682▲ 4.0%€364,491▼ 4.5%€280,299▼ 23.1%
Working capital€47,962-€55,680▲ 16.1%€57,439▲ 3.2%-€37,579-€55,558▼ 47.8%
Solvency-37.2%below the sector's middle half--57.4%below the sector's middle half▼ 20.2pp-51.6%below the sector's middle half▲ 5.8pp-55.3%below the sector's middle half▼ 3.8pp-41.2%below the sector's middle half▲ 14.1pp
Staff (FTE)2.8below the sector's middle half-2.9below the sector's middle half▲ 3.6%10.4within the sector's middle half▲ 259%5.5within the sector's middle half▼ 47.1%6within the sector's middle half▲ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2,110% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €198,517
Fixed assets
€176,319 ▼ 4.3%
Current assets
€22,198 ▼ 56.0%
Key figures and ratios
EBITDA
€93,149▲
2023 · €57,442
Cash flow
€85,973▲
2023 · €54,972
Current ratio
0.29▼
2023 · 0.57
Quick ratio
0.12▼
2023 · 0.44
Debt to equity
-3.43▼
2023 · -2.81
ROA
24.2%▲
2023 · 0.0%
Interest coverage
12.87▼
2023 · 19.51
Debt ≤ 1 year
€77,756▼
2023 · €88,070
Debt > 1 year
€202,543▼
2023 · €276,421
Staff costs
€137,955▲
2023 · €99,302
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €116,214 | €150,559 | €99,302 | €137,955 | ▲ 38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,661 | €30,948 | €15,500 | €54,943 | €37,927 | ▼ 31.0% |
| Other operating charges640/8 | - | €10,451 | €14,751 | €8,011 | €1,908 | ▼ 76.2% |
| Gross operating margin9900 | €62,963 | €120,155 | €185,357 | €164,756 | €233,012 | ▲ 41.4% |
| Operating profit (loss)9901 | -€111,166 | -€37,458 | €4,548 | €2,499 | €55,222 | ▲ 2,110% |
| Financial income75/76B | - | €76 | €250 | €475 | €64 | ▼ 86.6% |
| Recurring financial income75 | €2,795 | €76 | €250 | €475 | €64 | ▼ 86.6% |
| Financial charges65/66B | - | €1,233 | €910 | €2,945 | €7,240 | ▲ 146% |
| Recurring financial charges65 | €1,759 | €1,233 | €910 | €2,945 | €7,240 | ▲ 146% |
| Profit (loss) for the period before taxes9903 | -€110,130 | -€38,615 | €3,889 | €29 | €48,045 | ▲ 164,157% |
| Profit (loss) for the period9904 | -€110,130 | -€38,615 | €3,889 | €29 | €48,045 | ▲ 164,157% |
| Profit (loss) for the period to be appropriated9905 | -€110,130 | -€38,615 | €3,889 | €29 | €48,045 | ▲ 164,157% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €256,016 | €233,197 | €251,825 | €234,663 | €198,517 | ▼ 15.4% |
| Fixed assets21/28 | €193,093 | €159,768 | €155,673 | €184,172 | €176,319 | ▼ 4.3% |
| Intangible fixed assets21 | €960 | €410 | €135 | - | - | - |
| Tangible fixed assets22/27 | €189,910 | €159,034 | €144,465 | €172,107 | €163,961 | ▼ 4.7% |
| Land and buildings22 | - | €684 | €644 | - | €642 | - |
| Plant, machinery and equipment23 | - | €34,875 | €29,298 | €38,376 | €29,863 | ▼ 22.2% |
| Furniture and vehicles24 | - | €8,053 | €6,364 | €9,333 | €8,688 | ▼ 6.9% |
| Other tangible fixed assets26 | - | €115,423 | €108,160 | €124,399 | €124,768 | ▲ 0.3% |
| Financial fixed assets28 | €2,223 | €324 | €11,072 | €12,065 | €12,358 | ▲ 2.4% |
| Current assets29/58 | €62,923 | €73,429 | €96,152 | €50,491 | €22,198 | ▼ 56.0% |
| Stocks and contracts in progress3 | €8,890 | €7,520 | €11,000 | €12,098 | €12,712 | ▲ 5.1% |
| Stocks30/36 | - | €7,520 | €11,000 | €12,098 | €12,712 | ▲ 5.1% |
| Amounts receivable within one year40/41 | €11,510 | €7,893 | €1,953 | €7,406 | €214 | ▼ 97.1% |
| Trade receivables40 | - | €5,605 | €1,895 | €7,347 | €214 | ▼ 97.1% |
| Other amounts receivable41 | - | €2,287 | €58 | €58 | - | - |
| Cash at bank and in hand54/58 | €42,524 | €58,016 | €83,199 | €29,815 | €8,041 | ▼ 73.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,173 | €1,232 | ▲ 5.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €256,016 | €233,197 | €251,825 | €234,663 | €198,517 | ▼ 15.4% |
| Equity10/15 | -€95,130 | -€133,746 | -€129,857 | -€129,828 | -€81,782 | ▲ 37.0% |
| Contributions10/11 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€110,130 | -€148,746 | -€144,857 | -€144,828 | -€96,782 | ▲ 33.2% |
| Amounts payable17/49 | €351,147 | €366,943 | €381,682 | €364,491 | €280,299 | ▼ 23.1% |
| Amounts payable after more than one year17 | €336,185 | €349,194 | €342,968 | €276,421 | €202,543 | ▼ 26.7% |
| Other amounts payable178/9 | - | €349,194 | €342,968 | €276,421 | €202,543 | ▼ 26.7% |
| Amounts payable within one year42/48 | €14,961 | €17,749 | €38,713 | €88,070 | €77,756 | ▼ 11.7% |
| Trade debts44 | €5,177 | €8,924 | €15,925 | €57,380 | €24,700 | ▼ 57.0% |
| Suppliers440/4 | - | €8,924 | €15,925 | €57,380 | €24,700 | ▼ 57.0% |
| Taxes, remuneration and social security45 | - | €8,825 | €22,788 | €29,446 | €49,783 | ▲ 69.1% |
| Taxes450/3 | - | €402 | €11,759 | €15,537 | €28,404 | ▲ 82.8% |
| Remuneration and social security454/9 | - | €8,423 | €11,029 | €13,908 | €21,379 | ▲ 53.7% |
| Other amounts payable47/48 | - | - | - | €1,245 | €3,274 | ▲ 163% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€110,130 | -€38,615 | €3,889 | €29 | €48,045 | ▲ 164,157% |
| + Depreciation and write-downs630 | €47,661 | €30,948 | €15,500 | €54,943 | €37,927 | ▼ 31.0% |
| Operating cash flow (approximation) | -€62,470 | -€7,667 | €19,389 | €54,972 | €85,973 | ▲ 56.4% |
| Investment in fixed assets (approximation) | - | €2,376 | -€11,404 | -€83,443 | -€30,074 | ▲ 64.0% |
| Change in cash | - | €15,493 | €25,183 | -€53,384 | -€21,775 | ▲ 59.2% |
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
2026
20-04
KBO administration
Address struck
event 17-02-2026
09-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 02-04-2026
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2020net €48,045 ▲164,157%
Operating result €55,222, net result €48,045, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €3,889
Net result €3,889 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
6 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, Knokke-Heist · 1 establishment unit since 2024
Ground area
163 m²
Building footprint
160 m²
Volume, LiDAR
1,807 m³
Parcel 31332F0009/00_000, Flanders · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Panda Club
since 20242.366.511.968
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0009/00_000indicative | Flanders | 163 m² | 1 · 160 m² | 20.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRAM WALSCHAP WIEDAUWBOS 68, 8310 BRUGGE- |
02-04-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteKnokke-Heist2.366.511.968
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. 674 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
47251Retail sale of wines and spirits
E-invoicing
Reachable via Peppol
Peppol ID
0208:0726979465
Registered
15-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.