PHIVAL
Absorbed by DevamoFinancials · financial year 2024, abbreviated format
2024 annual accounts filed 28 days after the deadline Filed on 28 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00424228.
Annual accounts 2024 filed on 28-08-2025 PDF all 29 filings
Equity
€1.3m▼ 4.0%
2023 · €1.4m
Total assets
€2.4m▼ 1.7%
2023 · €2.4m
Net result
-€54,391
2023 · €287,520
Working capital
€260,374▼ 6.1%
2023 · €277,306
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
-€42,430
2024
20182024
Net result
-€54,391
2024
20182024
Equity
€1.3m
▼ 4.0%
2024
20182024
Total assets
€2.4m
▼ 1.7%
2024
20182024
Debt
€1.1m
▲ 1.4%
2024
20182024
Working capital
€260,374
▼ 6.1%
2024
20182024
Staff (FTE)
0
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€0.3m-€0.1m▼ 66.3%€0.1m▼ 4.8%€0.06m▼ 40.7%€0.04m▼ 40.2%€0.3m▲ 695%-€0.04m
Net result€0.3m-€0.09m▼ 71.8%€0.08m▼ 13.5%€0.03m▼ 64.5%€0.02m▼ 30.4%€0.3m▲ 15×-€0.05m
Equity€0.9m-€1.0m▲ 10.2%€1.0m▲ 8.0%€1.1m▲ 2.6%€1.1m▲ 1.8%€1.4m▲ 26.6%€1.3m▼ 4.0%
Total assets€1.7m-€1.8m▲ 7.1%€3.5m▲ 91.5%€3.0m▼ 13.7%€2.2m▼ 27.7%€2.4m▲ 11.8%€2.4m▼ 1.7%
Debt€0.8m-€0.8m▲ 3.7%€2.4m▲ 186%€1.9m▼ 20.6%€1.1m▼ 43.9%€1.0m▼ 3.1%€1.1m▲ 1.4%
Working capital-€0.4m--€0.3m▲ 37.6%-€1.5m▼ 450%-€1.1m▲ 27.1%-€0.8m▲ 25.7%€0.3m€0.3m▼ 6.1%
Staff (FTE)00
The operating result for 2024 is a loss of €42,430, after a profit of €296,816 in 2023. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.4m
Fixed assets
€1.1m ▼ 3.4%
Current assets
€1.3m ▼ 0.2%
Equity and liabilities €2.4m
Equity
€1.3m ▼ 4.0%
Debt
€1.1m ▲ 1.4%
Debt's share of the balance-sheet total rises from 43.3% to 44.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€4,971▼
2023 · €346,763
Cash flow
-€16,931▼
2023 · €337,466
Current ratio
1.25▼
2023 · 1.26
Debt to equity
0.81▲
2023 · 0.77
ROE
-4.1%▼
2023 · 21.0%
ROA
-2.3%▼
2023 · 11.9%
Interest coverage
-0.28▼
2023 · 37.30
Debt ≤ 1 year
€1.1m▲
2023 · €1.0m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2018 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Tangible fixed assets | €34,500 | - | - | - | - |
| Financial fixed assets | €405 | - | - | - | - |
| Depreciation and write-downs of the year | €57,181 | €356,889 | €356,554 | €49,946 | €37,460 |
Source: notes to the 2018 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €27,000 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,181 | €55,281 | €230,475 | €356,889 | €356,554 | €49,946 | €37,460 | ▼ 25.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€450,000 | - | - | - | - | - | - | - |
| Other operating charges640/8 | €9,002 | - | - | €2,054 | €2,080 | €2,147 | €1,928 | ▼ 10.2% |
| Gross operating margin9900 | -€55,385 | €174,678 | €338,037 | €421,393 | €395,985 | €348,909 | -€3,043 | - |
| Operating profit (loss)9901 | €328,432 | €110,672 | €105,338 | €62,450 | €37,351 | €296,816 | -€42,430 | - |
| Financial income75/76B | - | - | - | - | - | - | €5,749 | - |
| Recurring financial income75 | - | - | - | - | - | - | €5,749 | - |
| Financial charges65/66B | €14,307 | - | - | €35,235 | €18,421 | €9,296 | €17,710 | ▲ 90.5% |
| Recurring financial charges65 | €14,307 | €21,940 | €28,601 | €35,235 | €18,421 | €9,296 | €17,710 | ▲ 90.5% |
| Profit (loss) for the period before taxes9903 | €314,125 | €88,732 | €76,737 | €27,215 | €18,930 | €287,520 | -€54,391 | - |
| Profit (loss) for the period9904 | €314,125 | €88,732 | €76,737 | €27,215 | €18,930 | €287,520 | -€54,391 | - |
| Profit (loss) for the period to be appropriated9905 | €314,125 | €88,732 | €76,737 | €27,215 | €18,930 | €287,520 | -€54,391 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.7m | €1.8m | €3.5m | €3.0m | €2.2m | €2.4m | €2.4m | ▼ 1.7% |
| Fixed assets21/28 | €1.4m | €1.3m | €2.6m | €2.2m | €1.9m | €1.1m | €1.1m | ▼ 3.4% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €2.6m | €2.2m | €1.9m | €1.1m | €1.1m | ▼ 3.4% |
| Land and buildings22 | €1.3m | - | - | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | - | €1.1m | €0.7m | €0 | - | - |
| Furniture and vehicles24 | €0.03m | - | - | €0 | - | - | - | - |
| Financial fixed assets28 | €405 | €405 | €405 | €405 | €405 | €0 | - | - |
| Current assets29/58 | €0.3m | €0.5m | €0.9m | €0.7m | €0.3m | €1.3m | €1.3m | ▼ 0.2% |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €0.2m | €0.05m | €0.2m | €1.0m | €1.3m | ▲ 26.5% |
| Trade receivables40 | €0.01m | - | - | €0.05m | €0.2m | €1.0m | €1.1m | ▲ 1.9% |
| Other amounts receivable41 | €0.004m | - | - | €0 | - | €0.002m | €0.3m | ▲ 168× |
| Cash at bank and in hand54/58 | €0.3m | €0.5m | €0.7m | €0.7m | €0.1m | €0.3m | €0.01m | ▼ 95.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €0.001m | €0.001m | €375 | ▼ 25.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.7m | €1.8m | €3.5m | €3.0m | €2.2m | €2.4m | €2.4m | ▼ 1.7% |
| Equity10/15 | €0.9m | €1.0m | €1.0m | €1.1m | €1.1m | €1.4m | €1.3m | ▼ 4.0% |
| Contributions10/11 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | €1.1m | - | - | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Issued capital100 | €1.1m | - | - | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.3m | €0.2m | ▼ 20.6% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.1m | €0.1m | = |
| Legal reserve130 | €0.03m | - | - | €0.03m | €0.03m | €0.1m | €0.1m | = |
| Tax-exempt reserves132 | €0.01m | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | €0.001m | - | - | €0.001m | €0.001m | €0.1m | €0.09m | ▼ 38.6% |
| Profit (loss) carried forward14 | -€0.3m | -€0.2m | -€0.1m | -€0.09m | -€0.07m | €0 | - | - |
| Amounts payable17/49 | €0.8m | €0.8m | €2.4m | €1.9m | €1.1m | €1.0m | €1.1m | ▲ 1.4% |
| Amounts payable within one year42/48 | €0.8m | €0.8m | €2.3m | €1.8m | €1.1m | €1.0m | €1.1m | ▲ 1.4% |
| Current portion of amounts payable after more than one year42 | €0.5m | - | - | - | - | - | - | - |
| Trade debts44 | €0.004m | €0.002m | €0.03m | €0.006m | €0.008m | €0.005m | €0.002m | ▼ 55.8% |
| Suppliers440/4 | €0.004m | - | - | €0.006m | €0.008m | €0.005m | €0.002m | ▼ 55.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.04m | €0 | - | - |
| Taxes450/3 | - | - | - | €0.02m | €0.04m | €0 | - | - |
| Other amounts payable47/48 | €0.2m | - | - | €1.8m | €1.0m | €1.0m | €1.1m | ▲ 1.7% |
| Accrued charges and deferred income492/3 | €0.07m | - | - | €0.1m | €0 | €1 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.09m | €0.08m | €0.03m | €0.02m | €0.3m | -€0.05m | - |
| + Depreciation and write-downs630 | €0.06m | €0.06m | €0.2m | €0.4m | €0.4m | €0.05m | €0.04m | ▼ 25.0% |
| Operating cash flow (approximation) | €0.4m | €0.1m | €0.3m | €0.4m | €0.4m | €0.3m | -€0.02m | - |
| Investment in fixed assets (approximation) | - | €0.008m | -€1.5m | €0.01m | €0 | €0.7m | €0 | ▼ 100% |
| Change in cash | - | €0.2m | €0.2m | €0.003m | -€0.6m | €0.2m | -€0.3m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00424228 | |
| 31-12-2023 | abbreviated format | 10-07-2024 | 2024-00230835 | |
| 31-12-2022 | abbreviated format | 18-07-2023 | 2023-00246304 | |
| 31-12-2021 | abbreviated format | 14-07-2022 | 2022-20185436 | |
| 31-12-2020 | abbreviated format | 08-07-2021 | 2021-32800186 | |
| 31-12-2019 | abbreviated format | 29-07-2020 | 2020-36300168 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59800186 | |
| 31-12-2017 | abbreviated format | 19-07-2018 | 2018-35300378 | |
| 31-12-2016 | abbreviated format | 26-07-2017 | 2017-37000456 | |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-38200167 |