Phinn
ActiveSummary
Phinn has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-15k) and a net result of €-9k. Equity is shrinking by ~87.5% per year across the filed fiscal years. Its solvency ranks better than 13% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▲+2
Solvency23▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64 against 0.71 in 2024; short-term debt: 83.5% and cash: 4.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
-1.6%
Return on assets
-1%
Age of the figures
15 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
192122232425
2019 to 2025 · latest year €-15k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
31 d late
2023
48 d early
2022
49 d early
2021
48 d early
2019
24 d early
2018
45 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-15k▼ 147%
2024 · €-6k
2019: €59khighest value
2021: €13k
2022: €26k▲ +92.3% vs 2021
2023: €9k▼ -66.3% vs 2022
2024: €-6k▼ -168% vs 2023
2025: €-15k▼ -147% vs 2024lowest value
2019 → 2025
Total assets
€885k▲ 11.9%
2024 · €791k
2019: €1.09Mhighest value
2021: €878k
2022: €836k▼ -4.8% vs 2021
2023: €939k▲ +12.3% vs 2022
2024: €791k▼ -15.7% vs 2023lowest value
2025: €885k▲ +11.9% vs 2024
2019 → 2025
Net result
€-9k▲ 40.2%
2024 · €-15k
2019: €-18k
2021: €-39klowest value
2022: €12k▲ +131% vs 2021highest value
2023: €-17k▼ -238% vs 2022
2024: €-15k▲ +14.4% vs 2023
2025: €-9k▲ +40.2% vs 2024
2019 → 2025
Working capital
€-265k▼ 70.3%
2024 · €-155k
2019: €-76k
2021: €-7k
2022: €12k▲ +282% vs 2021highest value
2023: €-47k▼ -486% vs 2022
2024: €-155k▼ -230% vs 2023
2025: €-265k▼ -70.3% vs 2024lowest value
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€26k▲ 92.3%€9k▼ 66.3%€-6k€-15k▼ 147%
2021: €13k
2022: €26k▲ +92.3% vs 2021highest in 5 years
2023: €9k▼ -66.3% vs 2022
2024: €-6k▼ -168% vs 2023
2025: €-15k▼ -147% vs 2024lowest in 5 years
Operating result€-27k-€30k€-3k€-5k▼ 98.7%€17k
2021: €-27klowest in 5 years
2022: €30k▲ +210% vs 2021highest in 5 years
2023: €-3k▼ -109% vs 2022
2024: €-5k▼ -98.7% vs 2023
2025: €17k▲ +414% vs 2024
Net result€-39k-€12k€-17k€-15k▲ 14.4%€-9k▲ 40.2%
2021: €-39klowest in 5 years
2022: €12k▲ +131% vs 2021highest in 5 years
2023: €-17k▼ -238% vs 2022
2024: €-15k▲ +14.4% vs 2023
2025: €-9k▲ +40.2% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €885k
Fixed assets
€410k ▲ 2.0%
Current assets
€475k ▲ 22.1%
Key figures and ratios
EBITDA
€21k▲
2024 · €6k
Cash flow
€-4k▼
2024 · €-3k
Solvency
-1.6%▼
2024 · -0.7%
Current ratio
0.64▼
2024 · 0.71
Quick ratio
0.36▲
2024 · 0.33
Debt to equity
-61.79
ROA
-1.0%▲
2024 · -1.8%
Interest coverage
0.84▲
2024 · 0.63
Debt
€900k▲
2024 · €797k
Debt ≤ 1 year
€739k▲
2024 · €544k
Debt > 1 year
€160k▼
2024 · €253k
Income taxes
€128
Staff costs
€207k▲
2024 · €187k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€791k€885k▲
Fixed assets21/28€402k€410k▲
Tangible fixed assets22/27€149k€157k▲
Land and buildings22€10k€9k▼
Plant, machinery and equipment23€69k€72k▲
Furniture and vehicles24€71k€76k▲
Financial fixed assets28€253k€253k=
Current assets29/58€389k€475k▲
Stocks and contracts in progress3€207k€207k▲
Stocks30/36€207k€207k▲
Amounts receivable within one year40/41€131k€168k▲
Trade receivables40€131k€168k▲
Cash at bank and in hand54/58€47k€41k▼
Deferred charges and accrued income490/1€4k€59k▲
Equity and liabilities
Total equity and liabilities10/49€791k€885k▲
Equity10/15€-6k€-15k▼
Contributions10/11€6k€6k=
Reserves13€70k€70k=
Distributable reserves133€70k€70k=
Profit (loss) carried forward14€-82k€-91k▼
Amounts payable17/49€797k€900k▲
Amounts payable after more than one year17€253k€160k▼
Financial debts170/4€253k€160k▼
Amounts payable within one year42/48€544k€739k▲
Current portion of amounts payable after more than one year42€90k€93k▲
Trade debts44€35k€70k▲
Suppliers440/4€35k€70k▲
Taxes, remuneration and social security45€18k€24k▲
Taxes450/3€7k€10k▲
Remuneration and social security454/9€11k€14k▲
Other amounts payable47/48€401k€554k▲
Income statement
Code20242025
Remuneration, social security and pensions62€187k€207k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€4k▼
Gross operating margin9900€193k€228k▲
Operating profit (loss)9901€-5k€17k▲
Financial income75/76B€645€39▼
Recurring financial income75€645€39▼
Financial charges65/66B€10k€25k▲
Recurring financial charges65€10k€25k▲
Profit (loss) for the period before taxes9903€-15k€-9k▲
Income taxes67/77-€128
Profit (loss) for the period9904€-15k€-9k▲
Profit (loss) for the period to be appropriated9905€-15k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-82k€-91k▼
Profit (loss) brought forward from the previous period14P€-68k€-82k▼
Social balance
Average headcount (FTE)90872.32.6▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €141k | €184k | €187k | €207k | ▲ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91k | €83k | €40k | €12k | €4k | ▼ 61.1% |
| Gross operating margin9900 | €265k | €254k | €222k | €193k | €228k | ▲ 18.2% |
| Operating profit (loss)9901 | €-27k | €30k | €-3k | €-5k | €17k | ▲ 414% |
| Financial income75/76B | - | €1k | €2k | €645 | €39 | ▼ 94.0% |
| Recurring financial income75 | €2k | €1k | €2k | €645 | €39 | ▼ 94.0% |
| Financial charges65/66B | - | €17k | €16k | €10k | €25k | ▲ 155% |
| Recurring financial charges65 | €11k | €17k | €16k | €10k | €25k | ▲ 155% |
| Profit (loss) for the period before taxes9903 | €-36k | €14k | €-17k | €-15k | €-9k | ▲ 41.1% |
| Income taxes67/77 | €3k | €2k | - | - | €128 | - |
| Profit (loss) for the period9904 | €-39k | €12k | €-17k | €-15k | €-9k | ▲ 40.2% |
| Profit (loss) for the period to be appropriated9905 | €-39k | €12k | €-17k | €-15k | €-9k | ▲ 40.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €878k | €836k | €939k | €791k | €885k | ▲ 11.9% |
| Fixed assets21/28 | €467k | €384k | €349k | €402k | €410k | ▲ 2.0% |
| Intangible fixed assets21 | €38k | - | - | - | - | - |
| Tangible fixed assets22/27 | €176k | €131k | €96k | €149k | €157k | ▲ 5.4% |
| Land and buildings22 | - | €29k | €13k | €10k | €9k | ▼ 6.3% |
| Plant, machinery and equipment23 | - | €86k | €69k | €69k | €72k | ▲ 5.6% |
| Furniture and vehicles24 | - | €16k | €13k | €71k | €76k | ▲ 6.7% |
| Financial fixed assets28 | €253k | €253k | €253k | €253k | €253k | = |
| Current assets29/58 | €411k | €452k | €590k | €389k | €475k | ▲ 22.1% |
| Stocks and contracts in progress3 | €223k | €198k | €239k | €207k | €207k | ▲ 0.3% |
| Stocks30/36 | - | €198k | €239k | €207k | €207k | ▲ 0.3% |
| Amounts receivable within one year40/41 | €152k | €202k | €312k | €131k | €168k | ▲ 28.1% |
| Trade receivables40 | - | €202k | €285k | €131k | €168k | ▲ 28.1% |
| Other amounts receivable41 | - | - | €27k | - | - | - |
| Cash at bank and in hand54/58 | €32k | €52k | €33k | €47k | €41k | ▼ 13.9% |
| Deferred charges and accrued income490/1 | - | - | €6k | €4k | €59k | ▲ 1,471% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €878k | €836k | €939k | €791k | €885k | ▲ 11.9% |
| Equity10/15 | €13k | €26k | €9k | €-6k | €-15k | ▼ 147% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €70k | €70k | €70k | €70k | €70k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €68k | €68k | €70k | €70k | = |
| Profit (loss) carried forward14 | €-63k | €-51k | €-68k | €-82k | €-91k | ▼ 10.6% |
| Amounts payable17/49 | €865k | €810k | €930k | €797k | €900k | ▲ 12.9% |
| Amounts payable after more than one year17 | €447k | €371k | €293k | €253k | €160k | ▼ 36.6% |
| Financial debts170/4 | - | €371k | €293k | €253k | €160k | ▼ 36.6% |
| Amounts payable within one year42/48 | €418k | €440k | €637k | €544k | €739k | ▲ 35.8% |
| Current portion of amounts payable after more than one year42 | - | €76k | €78k | €90k | €93k | ▲ 2.4% |
| Trade debts44 | €29k | €21k | €44k | €35k | €70k | ▲ 98.9% |
| Suppliers440/4 | - | €21k | €44k | €35k | €70k | ▲ 98.9% |
| Taxes, remuneration and social security45 | - | €16k | €15k | €18k | €24k | ▲ 30.2% |
| Taxes450/3 | - | €16k | €2k | €7k | €10k | ▲ 49.8% |
| Remuneration and social security454/9 | - | €0 | €13k | €11k | €14k | ▲ 18.9% |
| Other amounts payable47/48 | - | €327k | €501k | €401k | €554k | ▲ 38.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-39k | €12k | €-17k | €-15k | €-9k | ▲ 40.2% |
| + Depreciation and write-downs630 | €91k | €83k | €40k | €12k | €4k | ▼ 61.1% |
| Operating cash flow (approximation) | €52k | €96k | €23k | €-3k | €-4k | ▼ 39.7% |
| Investment in fixed assets (approximation) | - | €-442 | €-5k | €-65k | €-12k | ▲ 80.8% |
| Change in cash | - | €20k | €-19k | €14k | €-7k | ▼ 146% |
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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
2020
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
28-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Buggenhout · 1 establishment unit since 2012
Ground area
439 m²
Building footprint
181 m²
Volume, LiDAR
1,415 m³
Parcel 42004B0234/00F000, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kerkstraat 97, 9255 Buggenhout
since 20122.210.169.249
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004B0234/00F000 | Flanders | 439 m² | 1 · 181 m² | 11.6 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 74 EUR awarded · 74 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 74 EUR | 74 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBuggenhout2.210.169.249
Similar companies · same sector, comparable size
JL PHARMA
BE 0743.926.553
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PHARMACIE DU MIROIR
BE 0533.896.710
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MILAN APOTICA
BE 0841.722.547
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Charlotte Slabbinck
BE 1017.048.364
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VANDAP
BE 0877.975.407
Izegem · Eq €8,922
Of 5,221 companies in sector 47730 we hold annual accounts for 3,860. 712 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
Founded05-06-2012
Fiscal year end30-06
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
Scores and ratios are computed by Checked and are not a credit decision.