Summary
PHIOLINE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €6.05M and a net result of €-522k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 29% of 2394 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
1 d early
2022
2 d early
2021
9 d early
2020
28 d early
2019
51 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€6.05M▼ 7.9%
2024 · €6.58M
2018: €2.66M
2019: €8.29M
2020: €6.56M
2021: €6.56M
2022: €7.81M
2023: €7.48M
2024: €6.58M
2018 → 2025
Net result
€-522k▲ 42.6%
2024 · €-910k
2018: €284k
2019: €5.83M
2020: €1.09M
2021: €1.82M
2022: €2.19M
2023: €-330k
2024: €-910k
2018 → 2025
Total assets
€16.67M▲ 4.9%
2024 · €15.89M
2018: €6.79M
2019: €8.56M
2020: €15.84M
2021: €15.55M
2022: €15.17M
2023: €14.44M
2024: €15.89M
2018 → 2025
Solvency
36.3%▼ 5.1pp
2024 · 41.4%
2018: 39.2%
2019: 96.9%
2020: 41.4%
2021: 42.2%
2022: 51.5%
2023: 51.8%
2024: 41.4%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€755k-€39k▼ 94.9%€90k▲ 133%€358k▲ 298%€503k▲ 40.4%
Equity€6.56M-€7.81M▲ 19.2%€7.48M▼ 4.2%€6.58M▼ 12.2%€6.05M▼ 7.9%
Operating result€532k-€-200k€179€736k▲ 410,857%€664k▼ 9.8%
Net result€1.82M-€2.19M▲ 20.1%€-330k€-910k▼ 176%€-522k▲ 42.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.67M
Fixed assets
€16.10M ▲ 3.9%
Current assets
€563k ▲ 44.5%
Equity and liabilities €16.67M
Equity
€6.05M ▼ 7.9%
Debt
€10.61M ▲ 13.9%
Debt's share of the balance-sheet total rises from 58.6% to 63.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-8.6%▲
2024 · -13.8%
ROA
-3.1%▲
2024 · -5.7%
Debt ≤ 1 year
€1.10M▼
2024 · €1.17M
Debt > 1 year
€9.21M▲
2024 · €8.02M
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 · 67 lines
Balance sheet
Code20242025
Assets
Total assets20/58€15.89M€16.67M▲
Fixed assets21/28€15.50M€16.10M▲
Intangible fixed assets21€1.28M€1.28M=
Financial fixed assets28€14.23M€14.83M▲
Affiliated companies280/1€14.23M€14.83M▲
Participating interests280€12.04M€12.04M=
Amounts receivable281€2.19M€2.79M▲
Current assets29/58€390k€563k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€286k€406k▲
Trade receivables40-€119k
Other amounts receivable41€286k€287k▲
Cash at bank and in hand54/58€45k€13k▼
Deferred charges and accrued income490/1€59k€145k▲
Equity and liabilities
Total equity and liabilities10/49€15.89M€16.67M▲
Equity10/15€6.58M€6.05M▼
Contributions10/11€780k€780k=
Capital10€780k€780k=
Issued capital100€780k€780k=
Reserves13€5.79M€5.27M▼
Non-distributable reserves130/1€78k€78k=
Legal reserve130€78k€78k=
Distributable reserves133€5.72M€5.19M▼
Amounts payable17/49€9.32M€10.61M▲
Amounts payable after more than one year17€8.02M€9.21M▲
Financial debts170/4€1.84M€987k▼
Credit institutions173€1.84M€987k▼
Other amounts payable178/9€6.18M€8.22M▲
Amounts payable within one year42/48€1.17M€1.10M▼
Current portion of amounts payable after more than one year42€855k€855k=
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€180k€166k▼
Suppliers440/4€180k€166k▼
Taxes, remuneration and social security45€73k€26k▼
Taxes450/3€73k€26k▼
Other amounts payable47/48€58k€58k=
Accrued charges and deferred income492/3€128k€298k▲
Income statement
Code20242025
Operating income70/76A€761k€691k▼
Turnover70€358k€503k▲
Other operating income74€0-
Non-recurring operating income76A€403k€188k▼
Operating charges60/66A€25k€27k▲
Services and other goods61€25k€27k▲
Other operating charges640/8€241€244▲
Operating profit (loss)9901€736k€664k▼
Financial income75/76B€62k€142k▲
Recurring financial income75€62k€142k▲
Income from financial fixed assets750€45k€123k▲
Income from current assets751€17k€19k▲
Other financial income752/9€0-
Financial charges65/66B€1.71M€1.33M▼
Recurring financial charges65€220k€354k▲
Debt charges650€220k€354k▲
Other financial charges652/9€0€0▲
Non-recurring financial charges66B€1.49M€973k▼
Profit (loss) for the period before taxes9903€-910k€-522k▲
Income taxes67/77€0-
Taxes670/3-€734
Tax adjustments and reversals of tax provisions77€0€734▲
Profit (loss) for the period9904€-910k€-522k▲
Profit (loss) for the period to be appropriated9905€-910k€-522k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-910k€-522k▲
Transfer from equity791/2€910k€522k▼
From reserves792€910k€522k▼
The notes to these accounts (50 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Weakest financial yearnet €-910k
Net result drops to €-910k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €5.83M ▲1951%
Net result €5.83M, the highest in the series.
30-09
Financial
Equity above €5MEq €8.29M ▲211%
2 profitable years in a row build equity to €8.29M.
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Evergem · 1 establishment unit since 2004
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.
Durmakker 149940 EvergemGround area
3,970 m²
Building footprint
2,173 m²
Volume, LiDAR
8,860 m³
Parcel 44302E0345/00S000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PHIOLINE
since 20042.144.836.680
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302E0345/00S000 | Flanders | 3,970 m² | 1 · 2,173 m² | 7.5 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.
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 7,526 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-10-2004
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
82920Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.