phiRED
ActiveSummary
The computed 12-month bankruptcy probability of phiRED is 4.1% (elevated). The 2025 annual accounts show equity of €31,722 and a net result of €4,503. Equity is shrinking by ~32.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The company has been active since 2007 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
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Signals
This company filed its last 7 accounts on average 31 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 1,377 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,377 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €42 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €30,305 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €42 | - | - |
| Other operating charges640/8 | - | €503 | €507 | €215 | €118 | - |
| Non-recurring operating charges66A | - | - | - | - | €78,566 | - |
| Gross operating margin9900 | -€2,076 | -€1,175 | -€600 | €159,328 | €113,534 | - |
| Operating profit (loss)9901 | -€2,381 | -€1,678 | -€1,107 | €159,071 | €4,545 | - |
| Financial income75/76B | - | - | - | - | €504 | - |
| Recurring financial income75 | - | - | - | - | €504 | - |
| Financial charges65/66B | - | €97 | €835 | €114 | €547 | - |
| Recurring financial charges65 | €56 | €97 | €835 | €114 | €547 | - |
| Profit (loss) for the period before taxes9903 | -€2,436 | -€1,775 | -€1,942 | €158,957 | €4,503 | - |
| Profit (loss) for the period9904 | -€2,436 | -€1,775 | -€1,942 | €158,957 | €4,503 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,436 | -€1,775 | -€1,942 | €158,957 | €4,503 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €478 | €35,900 | €325 | €348,547 | €3.6m | - |
| Fixed assets21/28 | - | - | - | €154,958 | €1.1m | - |
| Tangible fixed assets22/27 | - | - | - | €154,958 | - | - |
| Plant, machinery and equipment23 | - | - | - | €154,958 | - | - |
| Financial fixed assets28 | - | - | - | - | €1.1m | - |
| Current assets29/58 | €478 | €35,900 | €325 | €193,589 | €2.6m | - |
| Stocks and contracts in progress3 | - | €29,444 | - | - | €761,375 | - |
| Stocks30/36 | - | €29,444 | - | - | €761,375 | - |
| Amounts receivable within one year40/41 | - | €6,430 | €231 | €193,588 | €1.8m | - |
| Trade receivables40 | - | - | - | €193,573 | €21,165 | - |
| Other amounts receivable41 | - | €6,430 | €231 | €15 | €1.8m | - |
| Cash at bank and in hand54/58 | €478 | €25 | €94 | €1 | €112 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €478 | €35,900 | €325 | €348,547 | €3.6m | - |
| Equity10/15 | -€2,022 | -€3,797 | -€5,739 | €153,218 | €31,722 | - |
| Contributions10/11 | - | €146,000 | €146,000 | €146,000 | €20,000 | - |
| Profit (loss) carried forward14 | -€148,022 | -€149,797 | -€151,739 | €7,218 | €11,722 | - |
| Amounts payable17/49 | €2,500 | €39,697 | €6,064 | €195,328 | €3.6m | - |
| Amounts payable within one year42/48 | €2,500 | €39,697 | €6,064 | €195,328 | €3.6m | - |
| Trade debts44 | - | €37,397 | €1,679 | €187,550 | €813,409 | - |
| Suppliers440/4 | - | €37,397 | €1,679 | €187,550 | €813,409 | - |
| Advances received on contracts in progress46 | - | - | - | - | €255,000 | - |
| Taxes, remuneration and social security45 | - | - | - | €884 | €11,715 | - |
| Taxes450/3 | - | - | - | €884 | €6,385 | - |
| Remuneration and social security454/9 | - | - | - | - | €5,330 | - |
| Other amounts payable47/48 | - | €2,300 | €4,385 | €6,895 | €2.5m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,436 | -€1,775 | -€1,942 | €158,957 | €4,503 | - |
| + Depreciation and write-downs630 | - | - | - | €42 | - | - |
| Operating cash flow (approximation) | -€2,436 | -€1,775 | -€1,942 | €159,000 | €4,503 | - |
| Change in cash | - | -€453 | €68 | -€93 | - | - |
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
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
Linked by address, not proof of ownership
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.