PHIREMA
ActiveSummary
PHIREMA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,088 and a net result of €163,923. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency48▼-52
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.98 against 42.59 in 2024; short-term debt: 76.8% and cash: 75.5% of total assets), and 76.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.2%
Return on assets
67.8%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 18-05-2026, 74 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
74 d early
2024
27 d early
2023
29 d early
2022
28 d late
2021
31 d late
2020
12 d late
2019
16 d early
← 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 11 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€56,088▼ 84.9%
2024 · €372,165
Total assets
€241,679▼ 36.2%
2024 · €378,766
Net result
€163,923▼ 23.2%
2024 · €213,391
Working capital
-€3,063
2024 · €274,498
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€126,521▼ 27.4%€69,931▼ 44.7%€142,959▲ 104%€298,007▲ 108%€221,638▼ 25.6%
Net result€88,070above the sector's middle half▼ 33.6%€43,858above the sector's middle half▼ 50.2%€99,903above the sector's middle half▲ 128%€213,391above the sector's middle half▲ 114%€163,923above the sector's middle half▼ 23.2%
Equity€361,755above the sector's middle half▲ 32.2%€111,813within the sector's middle half▼ 69.1%€158,775within the sector's middle half▲ 42.0%€372,165above the sector's middle half▲ 134%€56,088within the sector's middle half▼ 84.9%
Total assets€457,117above the sector's middle half▲ 21.0%€460,779above the sector's middle half▲ 0.8%€199,066within the sector's middle half▼ 56.8%€378,766above the sector's middle half▲ 90.3%€241,679within the sector's middle half▼ 36.2%
Debt€95,362▼ 8.5%€348,966▲ 266%€40,291▼ 88.5%€6,600▼ 83.6%€185,591▲ 2,712%
Working capital€258,319▲ 12.8%€47,975▼ 81.4%€91,545▲ 90.8%€274,498▲ 200%-€3,063
Solvency79.1%above the sector's middle half▲ 6.7pp24.3%within the sector's middle half▼ 54.9pp79.8%above the sector's middle half▲ 55.5pp98.3%above the sector's middle half▲ 18.5pp23.2%within the sector's middle half▼ 75.0pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €241,679
Fixed assets
€59,152 ▼ 39.4%
Current assets
€182,527 ▼ 35.1%
Equity and liabilities €241,679
Equity
€56,088 ▼ 84.9%
Debt
€185,591 ▲ 2,712%
Debt's share of the balance-sheet total rises from 1.7% to 76.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€237,680▼
2024 · €323,578
Cash flow
€179,965▼
2024 · €238,962
Current ratio
0.98▼
2024 · 42.59
Debt to equity
3.31▲
2024 · 0.02
ROE
292.3%▲
2024 · 57.3%
ROA
67.8%▲
2024 · 56.3%
Interest coverage
232.08▼
2024 · 239.76
Debt ≤ 1 year
€185,591▲
2024 · €6,600
Income taxes
€67,587▼
2024 · €83,267
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 6,703 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,382 | €41,504 | €20,608 | €25,571 | €16,042 | ▼ 37.3% |
| Gross operating margin9900 | €161,904 | €111,435 | €163,568 | €323,578 | €237,680 | ▼ 26.5% |
| Operating profit (loss)9901 | €126,521 | €69,931 | €142,959 | €298,007 | €221,638 | ▼ 25.6% |
| Financial income75/76B | - | - | - | - | €10,896 | - |
| Recurring financial income75 | - | - | - | - | €10,896 | - |
| Financial charges65/66B | €493 | €226 | €1,452 | €1,350 | €1,024 | ▼ 24.1% |
| Recurring financial charges65 | €493 | €226 | €1,452 | €1,350 | €1,024 | ▼ 24.1% |
| Profit (loss) for the period before taxes9903 | €126,028 | €69,705 | €141,508 | €296,657 | €231,510 | ▼ 22.0% |
| Income taxes67/77 | €37,958 | €25,847 | €41,605 | €83,267 | €67,587 | ▼ 18.8% |
| Profit (loss) for the period9904 | €88,070 | €43,858 | €99,903 | €213,391 | €163,923 | ▼ 23.2% |
| Profit (loss) for the period to be appropriated9905 | €88,070 | €43,858 | €99,903 | €213,391 | €163,923 | ▼ 23.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €457,117 | €460,779 | €199,066 | €378,766 | €241,679 | ▼ 36.2% |
| Fixed assets21/28 | €103,436 | €63,838 | €67,230 | €97,667 | €59,152 | ▼ 39.4% |
| Tangible fixed assets22/27 | €101,747 | €62,149 | €41,541 | €19,978 | €51,152 | ▲ 156% |
| Plant, machinery and equipment23 | €2,177 | €1,487 | €447 | - | - | - |
| Furniture and vehicles24 | €92,256 | €53,348 | €33,780 | €12,664 | €26,565 | ▲ 110% |
| Other tangible fixed assets26 | €7,314 | €7,314 | €7,314 | €7,314 | €24,587 | ▲ 236% |
| Financial fixed assets28 | €1,689 | €1,689 | €25,689 | €77,689 | €8,000 | ▼ 89.7% |
| Current assets29/58 | €353,681 | €396,940 | €131,836 | €281,098 | €182,527 | ▼ 35.1% |
| Amounts receivable within one year40/41 | €78,650 | €612 | - | €23,176 | - | - |
| Trade receivables40 | €78,650 | €612 | - | €23,176 | - | - |
| Cash at bank and in hand54/58 | €275,030 | €396,328 | €131,836 | €257,923 | €182,527 | ▼ 29.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €457,117 | €460,779 | €199,066 | €378,766 | €241,679 | ▼ 36.2% |
| Equity10/15 | €361,755 | €111,813 | €158,775 | €372,165 | €56,088 | ▼ 84.9% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €12,400 | €18,600 | €18,600 | - | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | €6,200 | - | - | - | - | - |
| Reserves13 | €1,860 | €3,720 | €3,720 | €3,720 | €3,720 | = |
| Non-distributable reserves130/1 | €1,860 | €3,720 | €3,720 | €3,720 | €3,720 | = |
| Legal reserve130 | €1,860 | €3,720 | €3,720 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,720 | €3,720 | = |
| Profit (loss) carried forward14 | €347,495 | €89,493 | €136,455 | €349,845 | €33,768 | ▼ 90.3% |
| Amounts payable17/49 | €95,362 | €348,966 | €40,291 | €6,600 | €185,591 | ▲ 2,712% |
| Amounts payable within one year42/48 | €95,362 | €348,966 | €40,291 | €6,600 | €185,591 | ▲ 2,712% |
| Trade debts44 | €2,105 | €105 | - | - | - | - |
| Suppliers440/4 | €2,105 | €105 | - | - | - | - |
| Taxes, remuneration and social security45 | €93,257 | €48,860 | €40,291 | €6,600 | €13,591 | ▲ 106% |
| Taxes450/3 | €93,257 | €43,180 | €25,956 | €6,600 | €13,591 | ▲ 106% |
| Remuneration and social security454/9 | - | €5,680 | €14,335 | - | - | - |
| Other amounts payable47/48 | - | €300,000 | - | - | €172,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,070 | €43,858 | €99,903 | €213,391 | €163,923 | ▼ 23.2% |
| + Depreciation and write-downs630 | €35,382 | €41,504 | €20,608 | €25,571 | €16,042 | ▼ 37.3% |
| Operating cash flow (approximation) | €123,453 | €85,362 | €120,511 | €238,962 | €179,965 | ▼ 24.7% |
| Investment in fixed assets (approximation) | - | -€1,906 | -€24,000 | -€56,008 | €22,474 | ▲ 140% |
| Change in cash | - | €121,298 | -€264,493 | €126,087 | -€75,395 | ▼ 160% |
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
04-08
State Gazette act
Incorporation · Legal form clause
Name clause · Registered office clause
06-07
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €213,391 ▲114%
Operating result €298,007, net result €213,391, both a record.
31-12
Financial
Liquidity times 13current ratio 42.59
Current ratio from 3.27 to 42.59; short-term debt falls from €40,291 to €6,600.
31-12
Financial
Equity above €200,000Eq €372,165 ▲134%
6 profitable years in a row build equity to €372,165.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
26-04
State Gazette act
General meeting · Board meeting
Director resignation · Power of attorney
26-04
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
26-04
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
2023
31-12
Financial
Liquidity triplescurrent ratio 3.27
Current ratio from 1.14 to 3.27; short-term debt falls from €348,966 to €40,291.
Show earlier events
31-12
Financial
Equity above €150,000Eq €158,775 ▲42%
5 profitable years in a row build equity to €158,775.
01-09
State Gazette act
Board meeting · Director resignation
Director appointment · General meeting
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
17-08
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
17-08
State Gazette act
Board meeting · Director resignation
Director appointment · General meeting
17-08
State Gazette act
Board meeting · Director resignation
Director appointment · General meeting
13-03
State Gazette act
General meeting · Statutes amendment
Director resignation · Director appointment
06-03
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
2022
31-12
Financial
Weakest financial yearnet €43,858 ▼50.2%
Net result drops to €43,858, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Equity above €200,000Eq €273,685 ▲93.9%
2 profitable years in a row build equity to €273,685.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB 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, Kraainem · 1 establishment unit since 2018
Ground area
991 m²
Building footprint
193 m²
Volume, LiDAR
1,550 m³
Parcel 22002A0132/00G016, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Karel Verhaegenlaan 39, 1950 Kraainem
since 20182.279.514.450
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002A0132/00G016 | Flanders | 991 m² | 1 · 193 m² | 9.9 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.
Structure & network
Connections & network
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Ownership & control
5 board mandatesBoard mandates of this companythis company sits on their board5
11 locations
1 location
1 location
1 location
1 location
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 6,998 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
Founded08-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700748190
Also
9925:BE0700748190
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.