PHITORIA
ActivePHITORIA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.90M and a net result of €-107k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 31487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability0=
Solvency91▼-6
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 3.19 in 2023), but 55.6% 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+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 70
Relative position
BE, all sectors
reference
Sector 70
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192021222325
2018 to 2025 · latest year -€107k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-02-2026, 16 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
16 d late
2023
28 d late
2022
29 d late
2021
26 d late
2020
52 d late
2019
91 d late
2018
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€1.90M▼ 5.4%
2023 · €2.01M
2018: €1.21M
2019: €1.21M
2020: €1.17M
2021: €1.17M
2022: €2.10M
2023: €2.01M
2018 → 2025
Total assets
€4.28M▲ 7.4%
2023 · €3.98M
2018: €1.58M
2019: €3.31M
2020: €3.07M
2021: €3.05M
2022: €4.11M
2023: €3.98M
2018 → 2025
Net result
€-107k▼ 19.0%
2023 · €-90k
2018: €244k
2019: €-31k
2020: €-44k
2021: €7k
2022: €926k
2023: €-90k
2018 → 2025
Working capital
€1.68M▼ 2.9%
2023 · €1.73M
2018: €1.02M
2019: €162k
2020: €902k
2021: €906k
2022: €2.25M
2023: €1.73M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€1.17M-€1.17M▲ 0.6%€2.10M▲ 79.0%€2.01M▼ 4.3%€1.90M▼ 5.4%
Operating result€-130k-€-10k▲ 92.6%€1.29M€-109k€-65k▲ 40.5%
Net result€-44k-€7k€926k▲ 13,084%€-90k€-107k▼ 19.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €65k in 2025 against €109k in 2023; the loss shrinks.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €4.28M
Fixed assets
€1.36M▼ 7.0%
Current assets
€2.92M▲ 15.8%
Equity and liabilities €4.28M
Equity
€1.90M▼ 5.4%
Provisions
€395k▼ 1.7%
Debt
€1.98M▲ 26.1%
The debt ratio rises from 39.5% to 46.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€57k▲
2023 · €-24k
Cash flow
€14k▲
2023 · €-5k
Solvency
44.4%▼
2023 · 50.4%
Current ratio
2.35▼
2023 · 3.19
Quick ratio
2.35▼
2023 · 3.19
Debt / equity
1.04▲
2023 · 0.78
ROE
-5.7%▼
2023 · -4.5%
ROA
-2.5%▼
2023 · -2.3%
Interest coverage
1.15▲
2023 · -1.09
Debt
€1.98M▲
2023 · €1.57M
Debt ≤ 1 year
€1.24M▲
2023 · €793k
Debt > 1 year
€737k▼
2023 · €775k
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€3.98M€4.28M▲
Fixed assets21/28€1.46M€1.36M▼
Intangible fixed assets21€75k€52k▼
Tangible fixed assets22/27€1.38M€1.30M▼
Land and buildings22€1.37M€1.30M▼
Plant, machinery and equipment23€2k€484▼
Furniture and vehicles24€8k€3k▼
Financial fixed assets28€1k€1k=
Current assets29/58€2.52M€2.92M▲
Amounts receivable after more than one year29€34k€34k=
Trade receivables290€34k€34k=
Amounts receivable within one year40/41€2.48M€2.42M▼
Trade receivables40€23k-
Other amounts receivable41€2.46M€2.42M▼
Cash at bank and in hand54/58€6k€467k▲
Deferred charges and accrued income490/1€791€4k▲
Equity and liabilities
Total equity and liabilities10/49€3.98M€4.28M▲
Equity10/15€2.01M€1.90M▼
Contributions10/11€597k€597k=
Capital10€597k€597k=
Issued capital100€597k€597k=
Revaluation surpluses12€226k€205k▼
Reserves13€1.63M€1.62M▼
Non-distributable reserves130/1€60k€60k=
Legal reserve130€60k€60k=
Tax-exempt reserves132€1.29M€1.26M▼
Distributable reserves133€275k€296k▲
Profit (loss) carried forward14€-441k€-521k▼
Provisions and deferred taxes16€402k€395k▼
Deferred taxes168€402k€395k▼
Amounts payable17/49€1.57M€1.98M▲
Amounts payable after more than one year17€775k€737k▼
Financial debts170/4€750k€698k▼
Other amounts payable178/9€25k€39k▲
Amounts payable within one year42/48€793k€1.24M▲
Current portion of amounts payable after more than one year42€479k€449k▼
Financial debts43-€477k
Credit institutions430/8-€477k
Trade debts44€7k€18k▲
Suppliers440/4€7k€18k▲
Taxes, remuneration and social security45€10k€16k▲
Taxes450/3-€16k
Remuneration and social security454/9€10k-
Other amounts payable47/48€296k€282k▼
Accrued charges and deferred income492/3€5k€5k=
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€122k▲
Other operating charges640/8€87k€44k▼
Gross operating margin9900€64k€101k▲
Operating profit (loss)9901€-109k€-65k▲
Financial income75/76B€36k€0▼
Recurring financial income75€36k€0▼
Financial charges65/66B€22k€50k▲
Recurring financial charges65€22k€50k▲
Profit (loss) for the period before taxes9903€-95k€-114k▼
Transfer from deferred taxes780€5k€7k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-90k€-107k▼
Transfer from tax-exempt reserves789€18k€28k▲
Profit (loss) for the period to be appropriated9905€-72k€-80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-441k€-521k▼
Profit (loss) brought forward from the previous period14P€-369k€-441k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
30-06
Financial
Weakest financial yearnet €-107k
Net result drops to €-107k, the lowest in the series.
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €926k ▲13084%
Operating result €1.29M, net result €926k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 7.84
Current ratio from 2.97 to 7.84; short-term debt falls from €459k to €329k.
31-12
Financial
Equity above €2MEq €2.10M ▲79%
2 profitable years in a row build equity to €2.10M.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 3.16
Current ratio from 1.15 to 3.16; short-term debt falls from €1.06M to €417k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Elsene · 1 establishment unit since 1993
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.
Louizalaan 3471050 ElseneGround area
707 m²
Building footprint
263 m²
Volume, LiDAR
8,774 m³
Parcel 21807G0215/00R000, Brussels · tallest building 38.1 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 347, 1050 Elsene
since 19932.306.643.964
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0215/00R000 ProtectedMonumentTweede zetel van de Gestapo |
Brussels | 707 m² | 1 · 263 m² | 38.1 m · 12 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 82,201 companies in sector 70200 we hold annual accounts for 52,400. 20,693 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-12-1993
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 31 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.