Phished
ActiveSummary
Phished has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3.49M) and a net result of €-3.16M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 2699 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-22
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.82 against 3.46 in 2024; short-term debt: 28.7% and cash: 7.5% of total assets), but equity is negative.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-42.4%
Return on assets
-38.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-3.49M
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 08-07-2026, 23 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
23 d early
2024
71 d early
2023
34 d early
2022
28 d early
2021
131 d late
2020
109 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
€-3.49M▼ 953%
2024 · €-331k
2020: €501khighest in 6 years
2021: €170k▼ -66.0% vs 2020
2022: €-2.26M▼ -1430% vs 2021
2023: €-2.50M▼ -10.2% vs 2022
2024: €-331k▲ +86.7% vs 2023
2025: €-3.49M▼ -953% vs 2024lowest in 6 years
2020 → 2025
Total assets
€8.22M▼ 14.6%
2024 · €9.63M
2020: €1.09Mlowest in 6 years
2021: €1.26M▲ +15.3% vs 2020
2022: €2.12M▲ +68.5% vs 2021
2023: €3.28M▲ +54.4% vs 2022
2024: €9.63M▲ +193% vs 2023highest in 6 years
2025: €8.22M▼ -14.6% vs 2024
2020 → 2025
Net result
€-3.16M▼ 2.3%
2024 · €-3.09M
2020: €260khighest in 6 years
2021: €-1.21M▼ -566% vs 2020
2022: €-2.43M▼ -101% vs 2021
2023: €-2.48M▼ -2.0% vs 2022
2024: €-3.09M▼ -24.4% vs 2023
2025: €-3.16M▼ -2.3% vs 2024lowest in 6 years
2020 → 2025
Working capital
€1.92M▼ 60.3%
2024 · €4.84M
2020: €665k
2021: €383k▼ -42.4% vs 2020
2022: €-1.75M▼ -556% vs 2021lowest in 6 years
2023: €539k▲ +131% vs 2022
2024: €4.84M▲ +799% vs 2023highest in 6 years
2025: €1.92M▼ -60.3% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€170k-€-2.26M€-2.50M▼ 10.2%€-331k▲ 86.7%€-3.49M▼ 953%
2021: €170khighest in 5 years
2022: €-2.26M▼ -1430% vs 2021
2023: €-2.50M▼ -10.2% vs 2022
2024: €-331k▲ +86.7% vs 2023
2025: €-3.49M▼ -953% vs 2024lowest in 5 years
Operating result€-1.21M-€-2.31M▼ 91.7%€-2.30M▲ 0.4%€-2.53M▼ 10.0%€-2.40M▲ 5.2%
2021: €-1.21Mhighest in 5 years
2022: €-2.31M▼ -91.7% vs 2021
2023: €-2.30M▲ +0.4% vs 2022
2024: €-2.53M▼ -10.0% vs 2023lowest in 5 years
2025: €-2.40M▲ +5.2% vs 2024
Net result€-1.21M-€-2.43M▼ 101%€-2.48M▼ 2.0%€-3.09M▼ 24.4%€-3.16M▼ 2.3%
2021: €-1.21Mhighest in 5 years
2022: €-2.43M▼ -101% vs 2021
2023: €-2.48M▼ -2.0% vs 2022
2024: €-3.09M▼ -24.4% vs 2023
2025: €-3.16M▼ -2.3% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.40M in 2025 against €2.53M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.22M
Fixed assets
€3.94M ▲ 39.7%
Current assets
€4.28M ▼ 37.1%
Key figures and ratios
EBITDA
€-1.50M▲
2024 · €-2.04M
Cash flow
€-2.25M▲
2024 · €-2.60M
Solvency
-42.4%▼
2024 · -3.4%
Current ratio
1.82▼
2024 · 3.46
Debt to equity
-3.36▲
2024 · -30.04
ROA
-38.4%▼
2024 · -32.1%
Interest coverage
-1.84▲
2024 · -3.37
Debt
€11.71M▲
2024 · €9.96M
Debt ≤ 1 year
€2.36M▲
2024 · €1.97M
Debt > 1 year
€8.49M▲
2024 · €7.79M
Income taxes
€40k▲
2024 · €22k
Staff costs
€4.33M▲
2024 · €2.75M
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.63M€8.22M▼
Fixed assets21/28€2.82M€3.94M▲
Intangible fixed assets21€2.74M€3.68M▲
Tangible fixed assets22/27€37k€142k▲
Plant, machinery and equipment23€2k€0▼
Furniture and vehicles24€35k€118k▲
Other tangible fixed assets26-€24k
Financial fixed assets28€40k€120k▲
Current assets29/58€6.81M€4.28M▼
Amounts receivable after more than one year29-€663k
Other amounts receivable291-€663k
Amounts receivable within one year40/41€2.31M€2.93M▲
Trade receivables40€1.79M€2.92M▲
Other amounts receivable41€519k€12k▼
Current investments50/53€500k€0▼
Cash at bank and in hand54/58€3.98M€616k▼
Deferred charges and accrued income490/1€20k€70k▲
Equity and liabilities
Total equity and liabilities10/49€9.63M€8.22M▼
Equity10/15€-331k€-3.49M▼
Contributions10/11€9.22M€9.22M=
Profit (loss) carried forward14€-9.55M€-12.71M▼
Amounts payable17/49€9.96M€11.71M▲
Amounts payable after more than one year17€7.79M€8.49M▲
Financial debts170/4€7.79M€8.49M▲
Amounts payable within one year42/48€1.97M€2.36M▲
Financial debts43-€26k
Credit institutions430/8-€26k
Trade debts44€1.46M€1.78M▲
Suppliers440/4€1.46M€1.78M▲
Taxes, remuneration and social security45€453k€540k▲
Taxes450/3€82k€101k▲
Remuneration and social security454/9€371k€439k▲
Other amounts payable47/48€55k€11k▼
Accrued charges and deferred income492/3€205k€862k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€2.75M€4.33M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€491k€904k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€16k€9k▼
Non-recurring operating charges66A€70k€714▼
Gross operating margin9900€792k€2.85M▲
Operating profit (loss)9901€-2.53M€-2.40M▲
Financial income75/76B€76k€100k▲
Recurring financial income75€76k€100k▲
Financial charges65/66B€606k€816k▲
Recurring financial charges65€606k€816k▲
Profit (loss) for the period before taxes9903€-3.06M€-3.12M▼
Income taxes67/77€22k€40k▲
Profit (loss) for the period9904€-3.09M€-3.16M▼
Profit (loss) for the period to be appropriated9905€-3.09M€-3.16M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9.55M€-12.71M▼
Profit (loss) brought forward from the previous period14P€-6.47M€-9.55M▼
Social balance
Average headcount (FTE)908734.744.6▲
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €16 | €0 | - | - |
| Remuneration, social security and pensions62 | €572k | €1.52M | €1.73M | €2.75M | €4.33M | ▲ 57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €14k | €225k | €491k | €904k | ▲ 84.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2k | €0 | - | - |
| Other operating charges640/8 | €2k | €32k | €30k | €16k | €9k | ▼ 41.1% |
| Non-recurring operating charges66A | - | €1k | - | €70k | €714 | ▼ 99.0% |
| Gross operating margin9900 | €-623k | €-750k | €-317k | €792k | €2.85M | ▲ 259% |
| Operating profit (loss)9901 | €-1.21M | €-2.31M | €-2.30M | €-2.53M | €-2.40M | ▲ 5.2% |
| Financial income75/76B | €229 | €13k | €26k | €76k | €100k | ▲ 32.2% |
| Recurring financial income75 | €229 | €13k | €26k | €76k | €100k | ▲ 32.2% |
| Financial charges65/66B | €4k | €131k | €199k | €606k | €816k | ▲ 34.5% |
| Recurring financial charges65 | €4k | €131k | €199k | €606k | €816k | ▲ 34.5% |
| Profit (loss) for the period before taxes9903 | €-1.21M | €-2.43M | €-2.48M | €-3.06M | €-3.12M | ▼ 1.7% |
| Income taxes67/77 | €1k | €3k | €5k | €22k | €40k | ▲ 78.2% |
| Profit (loss) for the period9904 | €-1.21M | €-2.43M | €-2.48M | €-3.09M | €-3.16M | ▼ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €-1.21M | €-2.43M | €-2.48M | €-3.09M | €-3.16M | ▼ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.26M | €2.12M | €3.28M | €9.63M | €8.22M | ▼ 14.6% |
| Fixed assets21/28 | €73k | €59k | €1.05M | €2.82M | €3.94M | ▲ 39.7% |
| Intangible fixed assets21 | - | - | €987k | €2.74M | €3.68M | ▲ 34.1% |
| Tangible fixed assets22/27 | €39k | €23k | €25k | €37k | €142k | ▲ 279% |
| Plant, machinery and equipment23 | - | - | - | €2k | €0 | ▼ 100% |
| Furniture and vehicles24 | €39k | €23k | €25k | €35k | €118k | ▲ 233% |
| Other tangible fixed assets26 | - | - | - | - | €24k | - |
| Financial fixed assets28 | €34k | €36k | €36k | €40k | €120k | ▲ 198% |
| Current assets29/58 | €1.19M | €2.07M | €2.23M | €6.81M | €4.28M | ▼ 37.1% |
| Amounts receivable after more than one year29 | - | - | - | - | €663k | - |
| Other amounts receivable291 | - | - | - | - | €663k | - |
| Amounts receivable within one year40/41 | €686k | €1.93M | €1.94M | €2.31M | €2.93M | ▲ 26.8% |
| Trade receivables40 | €312k | €1.25M | €1.47M | €1.79M | €2.92M | ▲ 62.8% |
| Other amounts receivable41 | €374k | €683k | €464k | €519k | €12k | ▼ 97.7% |
| Current investments50/53 | - | - | - | €500k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €422k | €94k | €255k | €3.98M | €616k | ▼ 84.5% |
| Deferred charges and accrued income490/1 | €79k | €42k | €41k | €20k | €70k | ▲ 258% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.26M | €2.12M | €3.28M | €9.63M | €8.22M | ▼ 14.6% |
| Equity10/15 | €170k | €-2.26M | €-2.50M | €-331k | €-3.49M | ▼ 953% |
| Contributions10/11 | €1.72M | €1.72M | €3.97M | €9.22M | €9.22M | = |
| Profit (loss) carried forward14 | €-1.55M | €-3.98M | €-6.47M | €-9.55M | €-12.71M | ▼ 33.1% |
| Amounts payable17/49 | €1.09M | €4.39M | €5.78M | €9.96M | €11.71M | ▲ 17.6% |
| Amounts payable after more than one year17 | - | €279k | €3.80M | €7.79M | €8.49M | ▲ 9.0% |
| Financial debts170/4 | - | - | €3.80M | €7.79M | €8.49M | ▲ 9.0% |
| Other amounts payable178/9 | - | €279k | - | - | - | - |
| Amounts payable within one year42/48 | €805k | €3.81M | €1.69M | €1.97M | €2.36M | ▲ 19.9% |
| Financial debts43 | - | - | - | - | €26k | - |
| Credit institutions430/8 | - | - | - | - | €26k | - |
| Trade debts44 | €732k | €1.34M | €1.42M | €1.46M | €1.78M | ▲ 22.0% |
| Suppliers440/4 | €732k | €1.34M | €1.42M | €1.46M | €1.78M | ▲ 22.0% |
| Taxes, remuneration and social security45 | €73k | €226k | €253k | €453k | €540k | ▲ 19.3% |
| Taxes450/3 | €2k | €40k | €67k | €82k | €101k | ▲ 23.9% |
| Remuneration and social security454/9 | €71k | €186k | €186k | €371k | €439k | ▲ 18.3% |
| Other amounts payable47/48 | €116 | €2.25M | €16k | €55k | €11k | ▼ 79.2% |
| Accrued charges and deferred income492/3 | €286k | €297k | €282k | €205k | €862k | ▲ 321% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1.21M | €-2.43M | €-2.48M | €-3.09M | €-3.16M | ▼ 2.3% |
| + Depreciation and write-downs630 | €9k | €14k | €225k | €491k | €904k | ▲ 84.2% |
| Operating cash flow (approximation) | €-1.20M | €-2.42M | €-2.26M | €-2.60M | €-2.25M | ▲ 13.2% |
| Investment in fixed assets (approximation) | - | €861 | €-1.21M | €-2.26M | €-2.02M | ▲ 10.5% |
| Change in cash | - | €-328k | €162k | €3.72M | €-3.36M | ▼ 190% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-3.16M
Net result drops to €-3.16M, the lowest in the series.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 3.46
Current ratio from 1.32 to 3.46.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 1.32
Current ratio from 0.54 to 1.32; short-term debt falls from €3.81M to €1.69M.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 131 days late
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 109 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Leuven · 1 establishment unit since 2019
Ground area
1,230 m²
Building footprint
308 m²
Volume, LiDAR
5,044 m³
Parcel 24502B0139/00X002, Flanders · tallest building 23.3 m, ±6 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
PHISHED
since 20192.295.225.777
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0139/00X002 | Flanders | 1,230 m² | 1 · 308 m² | 23.3 m · 6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 561 EUR awarded · 561 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 561 EUR | 561 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400Y42MP5J7DNR509
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,189 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
Founded09-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
Scores and ratios are computed by Checked and are not a credit decision.