PHINCO
ActiveSummary
PHINCO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.6m and a net result of €145,088. Equity is growing by ~5.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability49=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.23 in 2023; short-term debt: 14.4% and cash: 5.4% of total assets), and 14.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
85.6%
Return on assets
4.8%
Age of the figures
21 mo
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
37 d early
2023
40 d early
2022
31 d early
2021
31 d early
2020
36 d early
2019
28 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 34 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€2.6m▲ 5.9%
2023 · €2.5m
Total assets
€3.1m▲ 2.1%
2023 · €3.0m
Net result
€145,088▲ 2.9%
2023 · €141,050
Working capital
-€258,723▲ 35.9%
2023 · -€403,865
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€149,343▲ 5.8%€157,275▲ 5.3%€162,288▲ 3.2%€188,663▲ 16.3%€194,087▲ 2.9%
Net result€110,012above the sector's middle half▲ 12.1%€117,707above the sector's middle half▲ 7.0%€121,409above the sector's middle half▲ 3.1%€141,050above the sector's middle half▲ 16.2%€145,088above the sector's middle half▲ 2.9%
Equity€2.1mabove the sector's middle half▲ 5.6%€2.2mabove the sector's middle half▲ 5.6%€2.3mabove the sector's middle half▲ 5.5%€2.5mabove the sector's middle half▲ 6.1%€2.6mabove the sector's middle half▲ 5.9%
Total assets€3.0mabove the sector's middle half▲ 0.7%€3.0mabove the sector's middle half▼ 0.5%€2.9mabove the sector's middle half▼ 1.3%€3.0mabove the sector's middle half▲ 2.4%€3.1mabove the sector's middle half▲ 2.1%
Debt€888,433▼ 9.0%€755,259▼ 15.0%€594,092▼ 21.3%€522,437▼ 12.1%€439,887▼ 15.8%
Working capital-€780,416below the sector's middle half▲ 12.8%-€662,639below the sector's middle half▲ 15.1%-€541,746below the sector's middle half▲ 18.2%-€403,865below the sector's middle half▲ 25.5%-€258,723below the sector's middle half▲ 35.9%
Solvency70.1%within the sector's middle half▲ 3.2pp74.5%within the sector's middle half▲ 4.3pp79.6%above the sector's middle half▲ 5.2pp82.5%above the sector's middle half▲ 2.9pp85.6%above the sector's middle half▲ 3.1pp
Current ratio0.12below the sector's middle half▲ 0.040.12below the sector's middle half=0.09below the sector's middle half▼ 0.030.23below the sector's middle half▲ 0.140.41below the sector's middle half▲ 0.18
Return on assets (ROA)3.7%within the sector's middle half▲ 0.4pp4.0%within the sector's middle half▲ 0.3pp4.2%within the sector's middle half▲ 0.2pp4.7%within the sector's middle half▲ 0.6pp4.8%within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
The operating result has risen four years in a row; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.1m
Fixed assets
€2.9m =
Current assets
€181,164 ▲ 52.8%
Equity and liabilities €3.1m
Equity
€2.6m ▲ 5.9%
Debt
€439,887 ▼ 15.8%
Debt's share of the balance-sheet total falls from 17.5% to 14.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€195,378▲
2023 · €189,411
Cash flow
€146,379▲
2023 · €141,799
Debt to equity
0.17▼
2023 · 0.21
ROE
5.6%▼
2023 · 5.7%
Debt ≤ 1 year
€439,887▼
2023 · €522,437
Income taxes
€48,999▲
2023 · €47,613
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,831 | €69 | €164 | €749 | €1,291 | ▲ 72.4% |
| Other operating charges640/8 | - | €1,020 | €1,022 | €1,128 | €1,144 | ▲ 1.4% |
| Gross operating margin9900 | €155,230 | €158,365 | €163,474 | €190,539 | €196,522 | ▲ 3.1% |
| Operating profit (loss)9901 | €149,343 | €157,275 | €162,288 | €188,663 | €194,087 | ▲ 2.9% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Profit (loss) for the period before taxes9903 | €149,343 | €157,275 | €162,288 | €188,663 | €194,087 | ▲ 2.9% |
| Income taxes67/77 | €39,331 | €39,568 | €40,879 | €47,613 | €48,999 | ▲ 2.9% |
| Profit (loss) for the period9904 | €110,012 | €117,707 | €121,409 | €141,050 | €145,088 | ▲ 2.9% |
| Profit (loss) for the period to be appropriated9905 | €110,012 | €117,707 | €121,409 | €141,050 | €145,088 | ▲ 2.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €3.0m | €2.9m | €3.0m | €3.1m | ▲ 2.1% |
| Fixed assets21/28 | €2.9m | €2.9m | €2.9m | €2.9m | €2.9m | = |
| Tangible fixed assets22/27 | €240 | €171 | €687 | €3,856 | €3,802 | ▼ 1.4% |
| Furniture and vehicles24 | - | €171 | €687 | €3,856 | €3,802 | ▼ 1.4% |
| Financial fixed assets28 | €2.9m | €2.9m | €2.9m | €2.9m | €2.9m | = |
| Current assets29/58 | €108,017 | €92,620 | €52,345 | €118,572 | €181,164 | ▲ 52.8% |
| Amounts receivable within one year40/41 | €1,982 | €2,414 | €432 | - | €1,001 | - |
| Other amounts receivable41 | - | €2,414 | €432 | - | €1,001 | - |
| Cash at bank and in hand54/58 | €102,833 | €86,986 | €48,435 | €114,873 | €165,066 | ▲ 43.7% |
| Deferred charges and accrued income490/1 | - | €3,219 | €3,478 | €3,699 | €15,097 | ▲ 308% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €3.0m | €2.9m | €3.0m | €3.1m | ▲ 2.1% |
| Equity10/15 | €2.1m | €2.2m | €2.3m | €2.5m | €2.6m | ▲ 5.9% |
| Contributions10/11 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €38,523 | €38,523 | €38,523 | €38,523 | €38,523 | = |
| Non-distributable reserves130/1 | - | €38,523 | €38,523 | €38,523 | €38,523 | = |
| Reserves not available under the articles1311 | - | €38,523 | €38,523 | €38,523 | €38,523 | = |
| Profit (loss) carried forward14 | €719,647 | €837,354 | €958,763 | €1.1m | €1.2m | ▲ 13.2% |
| Amounts payable17/49 | €888,433 | €755,259 | €594,092 | €522,437 | €439,887 | ▼ 15.8% |
| Amounts payable within one year42/48 | €888,433 | €755,259 | €594,092 | €522,437 | €439,887 | ▼ 15.8% |
| Trade debts44 | €80 | €82 | €84 | €139 | €229 | ▲ 64.9% |
| Suppliers440/4 | - | €82 | €84 | €139 | €229 | ▲ 64.9% |
| Taxes, remuneration and social security45 | - | €11,337 | €14,187 | €22,014 | €20,616 | ▼ 6.4% |
| Taxes450/3 | - | €11,337 | €14,187 | €22,014 | €20,616 | ▼ 6.4% |
| Other amounts payable47/48 | - | €743,840 | €579,821 | €500,284 | €419,042 | ▼ 16.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €110,012 | €117,707 | €121,409 | €141,050 | €145,088 | ▲ 2.9% |
| + Depreciation and write-downs630 | €4,831 | €69 | €164 | €749 | €1,291 | ▲ 72.4% |
| Operating cash flow (approximation) | €114,843 | €117,777 | €121,573 | €141,799 | €146,379 | ▲ 3.2% |
| Investment in fixed assets (approximation) | - | €0 | -€680 | -€3,917 | -€1,237 | ▲ 68.4% |
| Change in cash | - | -€15,847 | -€38,551 | €66,438 | €50,193 | ▼ 24.5% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €145,088 ▲2.9%
Operating result €194,087, net result €145,088, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €2mEq €2.1m ▲5.6%
3 profitable years in a row build equity to €2.1m.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Waterloo · 1 establishment unit since 1997
Ground area
1,046 m²
Building footprint
145 m²
Volume, LiDAR
1,155 m³
Parcel 25110C0293/00R000, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Luitenant Lotinstraat 21, 1190 Vorst
since 19972.080.875.870
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110C0293/00R000 | Wallonia | 1,046 m² | 1 · 145 m² | 9.7 m · 3 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.
Similar companies · same sector, comparable size
R.B.M.I.
BE 0436.335.296
Sint-Gillis (bij-Brussel) · Eq €2,586,094
EVEREST ENERGY
BE 0662.856.428
Brussel · Eq €2,578,132
SOGELAM
BE 0442.978.907
Ukkel · Eq €2,648,260
A.M.D.B.
BE 0428.422.571
Overijse · Eq €2,557,125
BEST DEAL
BE 0461.116.620
Jette · Eq €2,549,724
Of 2,709 companies in sector 73200 we hold annual accounts for 1,786. 767 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
Founded07-01-1997
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459710318
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.