PHINAGRI
ActivePHINAGRI has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-12k) and a net result of €-43k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 3461 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-66
Solvency22▼-11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 0.93 in 2024; short-term debt: 96.9% and cash: 8.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3%
Return on assets
-10.9%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-12k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
on the day
2023
30 d late
2022
31 d early
2021
72 d late
2020
31 d late
2019
31 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-12k
2024 · €31k
2018: €-36k
2019: €-40k
2020: €-42k
2021: €44k
2022: €40k
2023: €25k
2024: €31k
2018 → 2025
Total assets
€397k▼ 1.3%
2024 · €402k
2018: €148k
2019: €162k
2020: €505k
2021: €725k
2022: €356k
2023: €451k
2024: €402k
2018 → 2025
Net result
€-43k
2024 · €6k
2018: €-10k
2019: €-3k
2020: €-2k
2021: €86k
2022: €-5k
2023: €-15k
2024: €6k
2018 → 2025
Working capital
€-65k▼ 163%
2024 · €-25k
2018: €-151k
2019: €-139k
2020: €-144k
2021: €-29k
2022: €-27k
2023: €-36k
2024: €-25k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€40k▼ 10.1%€25k▼ 36.8%€31k▲ 23.9%€-12k
Operating result€122k-€-4k€-16k▼ 259%€6k€-44k
Net result€86k-€-5k€-15k▼ 226%€6k€-43k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €44k after €6k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €397k
Fixed assets
€77k▼ 3.6%
Current assets
€319k▼ 0.8%
Key figures and ratios
EBITDA
€-40k▼
2024 · €10k
Cash flow
€-39k▼
2024 · €10k
Solvency
-3.0%▼
2024 · 7.8%
Current ratio
0.83▼
2024 · 0.93
Quick ratio
0.13▲
2024 · 0.09
Debt / equity
-34.59▼
2024 · 11.83
ROA
-10.9%▼
2024 · 1.5%
Interest coverage
-381.93▼
2024 · 70.65
Debt
€408k▲
2024 · €371k
Debt ≤ 1 year
€384k▲
2024 · €347k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€402k€397k▼
Fixed assets21/28€80k€77k▼
Tangible fixed assets22/27€80k€77k▼
Land and buildings22€76k€73k▼
Other tangible fixed assets26€4k€4k▲
Current assets29/58€322k€319k▼
Stocks and contracts in progress3€292k€271k▼
Stocks30/36€292k€271k▼
Amounts receivable within one year40/41-€14k
Other amounts receivable41-€14k
Cash at bank and in hand54/58€30k€33k▲
Deferred charges and accrued income490/1€39€1k▲
Equity and liabilities
Total equity and liabilities10/49€402k€397k▼
Equity10/15€31k€-12k▼
Contributions10/11€12k€12k=
Reserves13€32k€32k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€-13k€-56k▼
Amounts payable17/49€371k€408k▲
Amounts payable within one year42/48€347k€384k▲
Financial debts43-€92
Credit institutions430/8-€92
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€16k€0▼
Taxes450/3€16k€0▼
Other amounts payable47/48€329k€379k▲
Accrued charges and deferred income492/3€24k€24k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€12k€-39k▼
Operating profit (loss)9901€6k€-44k▼
Financial income75/76B€150€1k▲
Recurring financial income75€150€1k▲
Financial charges65/66B€144€105▼
Recurring financial charges65€144€105▼
Profit (loss) for the period before taxes9903€6k€-43k▼
Profit (loss) for the period9904€6k€-43k▼
Profit (loss) for the period to be appropriated9905€6k€-43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-56k▼
Profit (loss) brought forward from the previous period14P€-19k€-13k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-43k ▼814%
Net result drops to €-43k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
31-12
Financial
Back to profitnet €86k
Net result €86k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Maasmechelen · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leeuwerikenstraat(M) 253630 MaasmechelenGround area
1,046 m²
Building footprint
151 m²
Volume, LiDAR
1,040 m³
Parcel 73048C1902/00L000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PHINAGRI
since 20112.202.325.711
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048C1902/00L000 | Flanders | 1,046 m² | 1 · 151 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FLORENCE VERCHEVAL
BE 0809.072.446
Elsene · Eq €31k
HosteVanhee
BE 0654.964.388
Gent · Eq €32k
BEATIVO
BE 0758.990.158
Mons · Eq €32k
STUDIO BUSS
BE 0454.160.136
Gent · Eq €32k
STUDIO SONJA
BE 1027.270.382
Antwerpen · Eq €30k
Of 1,237 companies in sector 74140 we hold annual accounts for 352. 266 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-09-2011
Fiscal year end31-12
Activities, NACEBEL
74105Other professional, scientific and technical activities
74140Other specialised design activities
46150Agents in the wholesale of furniture, household goods and hardware
47120Other non-specialised retail sale
47191Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.