PHINX
ActiveSummary
PHINX has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,053 and a net result of -€8,772. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 93 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-4
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 20.52 against 22.93 in 2024; short-term debt: 3.4% and cash: 63.5% of total assets), and 3.4% of the assets are financed with debt.
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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 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€8,772
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
11 d early
2021
48 d early
2020
36 d early
2019
28 d late
← 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 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 oldest company in Flemish Brabant, Telecommunications sector
Equity
€80,053▼ 9.9%
2024 · €88,825
Total assets
€82,902▼ 10.6%
2024 · €92,694
Net result
-€8,772▼ 30.3%
2024 · -€6,731
Working capital
€54,756▼ 35.4%
2024 · €84,816
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€15,963▼ 30.8%-€23,583▼ 47.7%-€22,274▲ 5.6%-€7,146▲ 67.9%-€8,607▼ 20.4%
Net result-€14,464▼ 37.8%-€21,756▼ 50.4%-€20,518▲ 5.7%-€6,731▲ 67.2%-€8,772▼ 30.3%
Equity€137,830▼ 9.5%€116,075▼ 15.8%€95,557▼ 17.7%€88,825▼ 7.0%€80,053▼ 9.9%
Total assets€162,885▼ 19.1%€129,581▼ 20.4%€102,646▼ 20.8%€92,694▼ 9.7%€82,902▼ 10.6%
Debt€25,055▼ 48.9%€13,507▼ 46.1%€7,089▼ 47.5%€3,868▼ 45.4%€2,849▼ 26.3%
Working capital€112,422▼ 0.4%€102,865▼ 8.5%€86,960▼ 15.5%€84,816▼ 2.5%€54,756▼ 35.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,607 in 2025 against €7,146 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82,902
Fixed assets
€25,340 ▲ 532%
Current assets
€57,562 ▼ 35.1%
Equity and liabilities €82,902
Equity
€80,053 ▼ 9.9%
Debt
€2,849 ▼ 26.3%
Debt's share of the balance-sheet total falls from 4.2% to 3.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,440▼
2024 · -€2,546
Cash flow
-€4,605▼
2024 · -€2,131
Current ratio
20.52▼
2024 · 22.93
Debt to equity
0.04▼
2024 · 0.04
ROE
-11.0%▼
2024 · -7.6%
ROA
-10.6%▼
2024 · -7.3%
Interest coverage
-17.84▲
2024 · -18.34
Debt ≤ 1 year
€2,806▼
2024 · €3,868
Income taxes
-€83▼
2024 · €275
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,005 | €4,600 | €4,600 | €4,600 | €4,167 | ▼ 9.4% |
| Other operating charges640/8 | €550 | €4,085 | €901 | €529 | €791 | ▲ 49.6% |
| Gross operating margin9900 | -€1,408 | -€14,898 | -€16,773 | -€2,017 | -€3,649 | ▼ 80.9% |
| Operating profit (loss)9901 | -€15,963 | -€23,583 | -€22,274 | -€7,146 | -€8,607 | ▼ 20.4% |
| Financial income75/76B | €2,029 | €2,025 | €2,025 | €828 | €0 | ▼ 100% |
| Recurring financial income75 | €2,029 | €2,025 | €2,025 | €828 | €0 | ▼ 100% |
| Financial charges65/66B | €200 | €64 | €146 | €139 | €249 | ▲ 79.3% |
| Recurring financial charges65 | €200 | €64 | €146 | €139 | €249 | ▲ 79.3% |
| Profit (loss) for the period before taxes9903 | -€14,135 | -€21,622 | -€20,394 | -€6,457 | -€8,856 | ▼ 37.2% |
| Income taxes67/77 | €330 | €134 | €124 | €275 | -€83 | ▼ 130% |
| Profit (loss) for the period9904 | -€14,464 | -€21,756 | -€20,518 | -€6,731 | -€8,772 | ▼ 30.3% |
| Profit (loss) for the period to be appropriated9905 | -€14,464 | -€21,756 | -€20,518 | -€6,731 | -€8,772 | ▼ 30.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €162,885 | €129,581 | €102,646 | €92,694 | €82,902 | ▼ 10.6% |
| Fixed assets21/28 | €25,408 | €13,209 | €8,609 | €4,009 | €25,340 | ▲ 532% |
| Intangible fixed assets21 | - | - | - | - | €24,920 | - |
| Tangible fixed assets22/27 | €25,408 | €13,209 | €8,609 | €4,009 | €420 | ▼ 89.5% |
| Furniture and vehicles24 | €25,408 | €13,209 | €8,609 | €4,009 | €420 | ▼ 89.5% |
| Current assets29/58 | €137,477 | €116,372 | €94,036 | €88,684 | €57,562 | ▼ 35.1% |
| Amounts receivable within one year40/41 | €70,949 | €73,028 | €74,930 | €310 | €1,271 | ▲ 310% |
| Trade receivables40 | €3,449 | €5,528 | €4,468 | €184 | €1,256 | ▲ 583% |
| Other amounts receivable41 | €67,500 | €67,500 | €70,462 | €126 | €15 | ▼ 88.0% |
| Cash at bank and in hand54/58 | €63,985 | €40,764 | €16,344 | €84,755 | €52,682 | ▼ 37.8% |
| Deferred charges and accrued income490/1 | €2,543 | €2,580 | €2,762 | €3,619 | €3,609 | ▼ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €162,885 | €129,581 | €102,646 | €92,694 | €82,902 | ▼ 10.6% |
| Equity10/15 | €137,830 | €116,075 | €95,557 | €88,825 | €80,053 | ▼ 9.9% |
| Contributions10/11 | €76,847 | €76,847 | €76,847 | €76,847 | €76,847 | = |
| Capital10 | €76,847 | €76,847 | €76,847 | €76,847 | €76,847 | = |
| Issued capital100 | €76,847 | €76,847 | €76,847 | €76,847 | €76,847 | = |
| Reserves13 | €60,983 | €39,228 | €25,337 | €25,337 | €25,337 | = |
| Non-distributable reserves130/1 | €7,685 | €7,685 | €7,685 | €7,685 | €7,685 | = |
| Legal reserve130 | €7,685 | €7,685 | €7,685 | €7,685 | €7,685 | = |
| Tax-exempt reserves132 | €17,652 | €17,652 | €17,652 | €17,652 | €17,652 | = |
| Distributable reserves133 | €35,646 | €13,891 | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | -€6,627 | -€13,358 | -€22,131 | ▼ 65.7% |
| Amounts payable17/49 | €25,055 | €13,507 | €7,089 | €3,868 | €2,849 | ▼ 26.3% |
| Amounts payable within one year42/48 | €25,055 | €13,507 | €7,076 | €3,868 | €2,806 | ▼ 27.5% |
| Trade debts44 | €4,073 | €2,711 | €1,598 | €710 | €1,136 | ▲ 60.0% |
| Suppliers440/4 | €4,073 | €2,711 | €1,598 | €710 | €1,136 | ▲ 60.0% |
| Taxes, remuneration and social security45 | €1,850 | €559 | €279 | €748 | €1,048 | ▲ 40.1% |
| Taxes450/3 | €1,850 | €559 | €279 | €748 | €1,048 | ▲ 40.1% |
| Other amounts payable47/48 | €19,133 | €10,237 | €5,199 | €2,410 | €622 | ▼ 74.2% |
| Accrued charges and deferred income492/3 | - | - | €13 | €0 | €43 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,464 | -€21,756 | -€20,518 | -€6,731 | -€8,772 | ▼ 30.3% |
| + Depreciation and write-downs630 | €14,005 | €4,600 | €4,600 | €4,600 | €4,167 | ▼ 9.4% |
| Operating cash flow (approximation) | -€459 | -€17,156 | -€15,918 | -€2,131 | -€4,605 | ▼ 116% |
| Investment in fixed assets (approximation) | - | €7,599 | €0 | €0 | -€25,498 | - |
| Change in cash | - | -€23,221 | -€24,420 | €68,410 | -€32,073 | ▼ 147% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet -€22,409
Net result drops to -€22,409, the lowest in the series; recovery starts the following year.
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 36 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Opwijk · 1 establishment unit since 1983
Ground area
2,460 m²
Building footprint
159 m²
Volume, LiDAR
934 m³
Parcel 23060C0299/00T000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Hollestraat 37, 1745 Opwijk
since 19832.023.019.627
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23060C0299/00T000 | Flanders | 2,460 m² | 1 · 159 m² | 9.4 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
9676004UJ8F1AOBE7A78
Similar companies · same sector, comparable size
SB - SOFTWARE
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ISIDO
BE 0478.995.205
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EUCOMREG
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Of 1,372 companies in sector 61100 we hold annual accounts for 585. 404 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-09-1983
Fiscal year end31-12
Abbreviation NL
ONX
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
Scores and ratios are computed by Checked and are not a credit decision.