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 €80k and a net result of €-9k. 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 €5k 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.
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 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 €-9k
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 →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€80k▼ 9.9%
2024 · €89k
Total assets
€83k▼ 10.6%
2024 · €93k
Net result
€-9k▼ 30.3%
2024 · €-7k
Working capital
€55k▼ 35.4%
2024 · €85k
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€-16k▼ 30.8%€-24k▼ 47.7%€-22k▲ 5.6%€-7k▲ 67.9%€-9k▼ 20.4%
Net result€-14k▼ 37.8%€-22k▼ 50.4%€-21k▲ 5.7%€-7k▲ 67.2%€-9k▼ 30.3%
Equity€138k▼ 9.5%€116k▼ 15.8%€96k▼ 17.7%€89k▼ 7.0%€80k▼ 9.9%
Total assets€163k▼ 19.1%€130k▼ 20.4%€103k▼ 20.8%€93k▼ 9.7%€83k▼ 10.6%
Debt€25k▼ 48.9%€14k▼ 46.1%€7k▼ 47.5%€4k▼ 45.4%€3k▼ 26.3%
Working capital€112k▼ 0.4%€103k▼ 8.5%€87k▼ 15.5%€85k▼ 2.5%€55k▼ 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 €9k in 2025 against €7k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83k
Fixed assets
€25k ▲ 532%
Current assets
€58k ▼ 35.1%
Equity and liabilities €83k
Equity
€80k ▼ 9.9%
Debt
€3k ▼ 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
€-4k▼
2024 · €-3k
Cash flow
€-5k▼
2024 · €-2k
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
€3k▼
2024 · €4k
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 | €14k | €5k | €5k | €5k | €4k | ▼ 9.4% |
| Other operating charges640/8 | €550 | €4k | €901 | €529 | €791 | ▲ 49.6% |
| Gross operating margin9900 | €-1k | €-15k | €-17k | €-2k | €-4k | ▼ 80.9% |
| Operating profit (loss)9901 | €-16k | €-24k | €-22k | €-7k | €-9k | ▼ 20.4% |
| Financial income75/76B | €2k | €2k | €2k | €828 | €0 | ▼ 100% |
| Recurring financial income75 | €2k | €2k | €2k | €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 | €-14k | €-22k | €-20k | €-6k | €-9k | ▼ 37.2% |
| Income taxes67/77 | €330 | €134 | €124 | €275 | €-83 | ▼ 130% |
| Profit (loss) for the period9904 | €-14k | €-22k | €-21k | €-7k | €-9k | ▼ 30.3% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €-22k | €-21k | €-7k | €-9k | ▼ 30.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163k | €130k | €103k | €93k | €83k | ▼ 10.6% |
| Fixed assets21/28 | €25k | €13k | €9k | €4k | €25k | ▲ 532% |
| Intangible fixed assets21 | - | - | - | - | €25k | - |
| Tangible fixed assets22/27 | €25k | €13k | €9k | €4k | €420 | ▼ 89.5% |
| Furniture and vehicles24 | €25k | €13k | €9k | €4k | €420 | ▼ 89.5% |
| Current assets29/58 | €137k | €116k | €94k | €89k | €58k | ▼ 35.1% |
| Amounts receivable within one year40/41 | €71k | €73k | €75k | €310 | €1k | ▲ 310% |
| Trade receivables40 | €3k | €6k | €4k | €184 | €1k | ▲ 583% |
| Other amounts receivable41 | €68k | €68k | €70k | €126 | €15 | ▼ 88.0% |
| Cash at bank and in hand54/58 | €64k | €41k | €16k | €85k | €53k | ▼ 37.8% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | €4k | €4k | ▼ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163k | €130k | €103k | €93k | €83k | ▼ 10.6% |
| Equity10/15 | €138k | €116k | €96k | €89k | €80k | ▼ 9.9% |
| Contributions10/11 | €77k | €77k | €77k | €77k | €77k | = |
| Capital10 | €77k | €77k | €77k | €77k | €77k | = |
| Issued capital100 | €77k | €77k | €77k | €77k | €77k | = |
| Reserves13 | €61k | €39k | €25k | €25k | €25k | = |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €8k | €8k | = |
| Legal reserve130 | €8k | €8k | €8k | €8k | €8k | = |
| Tax-exempt reserves132 | €18k | €18k | €18k | €18k | €18k | = |
| Distributable reserves133 | €36k | €14k | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | €-7k | €-13k | €-22k | ▼ 65.7% |
| Amounts payable17/49 | €25k | €14k | €7k | €4k | €3k | ▼ 26.3% |
| Amounts payable within one year42/48 | €25k | €14k | €7k | €4k | €3k | ▼ 27.5% |
| Trade debts44 | €4k | €3k | €2k | €710 | €1k | ▲ 60.0% |
| Suppliers440/4 | €4k | €3k | €2k | €710 | €1k | ▲ 60.0% |
| Taxes, remuneration and social security45 | €2k | €559 | €279 | €748 | €1k | ▲ 40.1% |
| Taxes450/3 | €2k | €559 | €279 | €748 | €1k | ▲ 40.1% |
| Other amounts payable47/48 | €19k | €10k | €5k | €2k | €622 | ▼ 74.2% |
| Accrued charges and deferred income492/3 | - | - | €13 | €0 | €43 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-22k | €-21k | €-7k | €-9k | ▼ 30.3% |
| + Depreciation and write-downs630 | €14k | €5k | €5k | €5k | €4k | ▼ 9.4% |
| Operating cash flow (approximation) | €-459 | €-17k | €-16k | €-2k | €-5k | ▼ 116% |
| Investment in fixed assets (approximation) | - | €8k | €0 | €0 | €-25k | - |
| Change in cash | - | €-23k | €-24k | €68k | €-32k | ▼ 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 €-22k
Net result drops to €-22k, 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
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RCITIZEN
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ISIDO
BE 0478.995.205
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ARMEMENT QUIEVY
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EUCOMREG
BE 0645.644.965
Jette · Eq €81,080
Of 1,372 companies in sector 61100 we hold annual accounts for 583. 403 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.