PHISAN
ActivePHISAN has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €707k and a net result of €132k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 1718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-7
Solvency51▼-2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.9 in 2024), and 65.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
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
34.4%
Return on assets
6.4%
Age of the figures
11 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €707k
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
on the day
2023
1 d early
2022
33 d early
2021
57 d early
2020
28 d early
2019
28 d early
← before the deadline
after the deadline →
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
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€707k▲ 22.9%
2024 · €575k
2018: €66k
2019: €17k
2020: €31k
2021: €-72k
2022: €-228k
2023: €413k
2024: €575k
2018 → 2025
Total assets
€2.05M▲ 26.9%
2024 · €1.62M
2018: €597k
2019: €702k
2020: €633k
2021: €517k
2022: €463k
2023: €1.78M
2024: €1.62M
2018 → 2025
Net result
€132k▼ 18.7%
2024 · €162k
2018: €-20k
2019: €-49k
2020: €14k
2021: €-103k
2022: €-155k
2023: €318k
2024: €162k
2018 → 2025
Working capital
€-87k▼ 63.7%
2024 · €-53k
2018: €-161k
2019: €-243k
2020: €-267k
2021: €-337k
2022: €-374k
2023: €22k
2024: €-53k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-72k-€-228k▼ 215%€413k€575k▲ 39.3%€707k▲ 22.9%
Operating result€-103k-€-157k▼ 52.1%€348k€229k▼ 34.4%€196k▼ 14.4%
Net result€-103k-€-155k▼ 50.4%€318k€162k▼ 48.9%€132k▼ 18.7%
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 has fallen two years in a row; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.05M
Fixed assets
€1.50M▲ 33.4%
Current assets
€552k▲ 12.0%
Equity and liabilities €2.05M
Equity
€707k▲ 22.9%
Debt
€1.35M▲ 29.1%
The debt ratio rises from 64.5% to 65.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€359k▼
2024 · €376k
Cash flow
€295k▼
2024 · €310k
Solvency
34.4%▼
2024 · 35.5%
Current ratio
0.86▼
2024 · 0.90
Quick ratio
0.26▼
2024 · 0.28
Debt / equity
1.91▲
2024 · 1.82
ROE
18.6%▼
2024 · 28.2%
ROA
6.4%▼
2024 · 10.0%
Interest coverage
9.64▼
2024 · 11.03
Debt
€1.35M▲
2024 · €1.04M
Debt ≤ 1 year
€638k▲
2024 · €545k
Debt > 1 year
€709k▲
2024 · €498k
Income taxes
€30k▼
2024 · €35k
Staff costs
€352k▲
2024 · €242k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.62M€2.05M▲
Fixed assets21/28€1.13M€1.50M▲
Intangible fixed assets21€5k€3k▼
Tangible fixed assets22/27€1.12M€1.26M▲
Land and buildings22€643k€807k▲
Plant, machinery and equipment23€216k€241k▲
Furniture and vehicles24€263k€208k▼
Financial fixed assets28-€244k
Current assets29/58€493k€552k▲
Stocks and contracts in progress3€337k€388k▲
Stocks30/36€337k€388k▲
Amounts receivable within one year40/41€101k€97k▼
Trade receivables40€57k€29k▼
Other amounts receivable41€44k€69k▲
Current investments50/53€412€412=
Cash at bank and in hand54/58€50k€66k▲
Deferred charges and accrued income490/1€4k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.62M€2.05M▲
Equity10/15€575k€707k▲
Contributions10/11€397k€397k=
Reserves13€343k€343k=
Distributable reserves133€343k€343k=
Profit (loss) carried forward14€-166k€-34k▲
Amounts payable17/49€1.04M€1.35M▲
Amounts payable after more than one year17€498k€709k▲
Financial debts170/4€498k€709k▲
Amounts payable within one year42/48€545k€638k▲
Current portion of amounts payable after more than one year42€162k€167k▲
Financial debts43€4k€80k▲
Credit institutions430/8€4k€80k▲
Trade debts44€218k€280k▲
Suppliers440/4€218k€280k▲
Taxes, remuneration and social security45€16k€30k▲
Taxes450/3€6k€9k▲
Remuneration and social security454/9€11k€20k▲
Other amounts payable47/48€145k€81k▼
Accrued charges and deferred income492/3€496€322▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€242k€352k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€148k€164k▲
Other operating charges640/8€4k€7k▲
Non-recurring operating charges66A-€307
Gross operating margin9900€622k€718k▲
Operating profit (loss)9901€229k€196k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€34k€37k▲
Recurring financial charges65€34k€37k▲
Profit (loss) for the period before taxes9903€197k€162k▼
Income taxes67/77€35k€30k▼
Profit (loss) for the period9904€162k€132k▼
Profit (loss) for the period to be appropriated9905€162k€132k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€-34k▼
Profit (loss) brought forward from the previous period14P€-188k€-166k▲
Transfer to equity691/2€140k€0▼
To other reserves6921€140k€0▼
Social balance
Average headcount (FTE)9087-7.0
The notes to these accounts (22 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 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €500kEq €575k ▲39.3%
2 profitable years in a row build equity to €575k.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €318k
Net result €318k after 2 loss-making years.
30-09
Financial
Liquidity triplescurrent ratio 1.03
Current ratio from 0.36 to 1.03.
30-09
Financial
Equity above €200kEq €413k
Equity rises from €-228k to €413k.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-155k
Net result drops to €-155k, the lowest in the series; recovery starts the following year.
04-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
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
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, Tielt · 1 establishment unit since 1997
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.
Elbestraat 178760 TieltGround area
5,287 m²
Building footprint
143 m²
Volume, LiDAR
1,037 m³
Parcel 37007A0769/00G000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DOGO BVBA
since 19972.082.466.274
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37007A0769/00G000 | Flanders | 5,287 m² | 1 · 143 m² | 9.8 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.
Similar companies · same sector, comparable size
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BE 0447.102.791
Rumst · Eq €705k
SOCIETE DU TERROIR DE GEER
BE 0471.695.558
Geer · Eq €703k
KWEKERIJ WIM VAN DESSEL
BE 0869.698.634
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LAVALO
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Of 3,615 companies in sector 01130 we hold annual accounts for 783. 605 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-1997
Fiscal year end30-09
Activities, NACEBEL
01130Growing of vegetables, melons, roots and tubers
01231
01461Pig breeding farms
01121
01410Raising of dairy cattle
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.