PHIVAN
InactiveFinancials · financial year 2025, micro format
Turnover
≈ €620,000
Estimated: probably between €430,000 and €890,000
Total assets
€760,258▼ 9.7%
2024 · €842,154
Net result
€304,868▲ 15×
2024 · €19,755
Working capital
€757,274▲ 719%
2024 · €92,459
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is over 23 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.3m
2025
Net result€0.3m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.8m
2025
Equity€0.8m
2025
Debt€0.003m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.8m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.01m--€0.01m▲ 4.8%-€0.02m▼ 35.0%-€0.01m▲ 21.5%-€0.01m▼ 9.2%-€0.01m▲ 11.3%€0.01m€0.3m▲ 23×
Net result-€0.03m--€0.03m▲ 5.4%-€0.03m▼ 9.3%-€0.03m▲ 15.5%-€0.03m▲ 0.7%-€0.04m▼ 31.3%€0.02m€0.3m▲ 15×
Equity€0.2m-€0.2m▼ 15.2%€0.5m▲ 204%€0.5m▼ 5.4%€0.5m▼ 5.7%€0.4m▼ 7.9%€0.5m▲ 4.6%€0.8m▲ 67.4%
Total assets€1.1m-€1.0m▼ 3.0%€1.1m▲ 4.0%€1.0m▼ 7.1%€1.0m▼ 0.5%€0.8m▼ 19.2%€0.8m▲ 5.5%€0.8m▼ 9.7%
Debt€0.9m-€0.9m=€0.5m▼ 36.6%€0.5m▼ 8.7%€0.5m▲ 4.6%€0.4m▼ 29.3%€0.4m▲ 6.6%€0.003m▼ 99.2%
Working capital-€0.3m--€0.3m▼ 17.7%-€0.02m▲ 94.7%-€0.06m▼ 206%-€0.09m▼ 66.9%€0.09m€0.09m▲ 3.3%€0.8m▲ 719%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €760,258
Equity
€757,274 ▲ 67.4%
Debt
€2,985 ▼ 99.2%
Debt's share of the balance-sheet total falls from 46.3% to 0.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€304,067▲
2024 · €14,515
Cash flow
€304,868▲
2024 · €21,283
Debt to equity
0.00▼
2024 · 0.86
ROE
40.3%▲
2024 · 4.4%
ROA
40.1%▲
2024 · 2.3%
Interest coverage
81.15▲
2024 · 1.57
Debt ≤ 1 year
€2,985▼
2024 · €209,792
Debt > 1 year
€0▼
2024 · €179,956
Income taxes
€27,985
A ratio outside any meaningful range has been withheld (balance sheet total €760,258, equity €757,274).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €311,473 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,449 | €31,449 | €32,038 | €32,895 | €32,896 | €7,969 | €1,528 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €5,210 | €5,265 | €4,868 | €4,375 | €4,089 | ▼ 6.5% |
| Non-recurring operating charges66A | - | - | - | - | - | €21,222 | €0 | - | - |
| Gross operating margin9900 | €23,514 | €24,283 | €20,912 | €25,369 | €24,248 | €21,720 | €18,889 | €308,156 | ▲ 16× |
| Operating profit (loss)9901 | -€12,626 | -€12,022 | -€16,226 | -€12,736 | -€13,913 | -€12,339 | €12,987 | €304,067 | ▲ 23× |
| Financial income75/76B | - | - | - | - | - | - | €16,021 | €32,533 | ▲ 103% |
| Recurring financial income75 | - | - | - | - | - | - | €16,021 | €32,533 | ▲ 103% |
| Financial charges65/66B | - | - | - | €15,843 | €14,473 | €24,942 | €9,253 | €3,747 | ▼ 59.5% |
| Recurring financial charges65 | €20,076 | €18,929 | €17,602 | €15,843 | €14,473 | €24,942 | €9,253 | €3,747 | ▼ 59.5% |
| Profit (loss) for the period before taxes9903 | -€32,702 | -€30,951 | -€33,828 | -€28,579 | -€28,386 | -€37,281 | €19,755 | €332,853 | ▲ 17× |
| Income taxes67/77 | - | - | - | - | - | - | - | €27,985 | - |
| Profit (loss) for the period9904 | -€32,702 | -€30,951 | -€33,828 | -€28,579 | -€28,386 | -€37,281 | €19,755 | €304,868 | ▲ 15× |
| Profit (loss) for the period to be appropriated9905 | -€32,702 | -€30,951 | -€33,828 | -€28,579 | -€28,386 | -€37,281 | €19,755 | €304,868 | ▲ 15× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.0m | €1.1m | €1.0m | €1.0m | €0.8m | €0.8m | €0.8m | ▼ 9.7% |
| Fixed assets21/28 | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.5m | €0.5m | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.5m | €0.5m | €0 | ▼ 100% |
| Land and buildings22 | - | - | - | €1.0m | €0.9m | €0.5m | €0.5m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.02m | €0.01m | €0.008m | €0 | ▼ 100% |
| Financial fixed assets28 | - | - | - | - | - | €0.001m | €0.001m | €0 | ▼ 100% |
| Current assets29/58 | €192 | €381 | €0.06m | €0.02m | €0.04m | €0.3m | €0.3m | €0.8m | ▲ 152% |
| Amounts receivable within one year40/41 | €181 | €368 | €0.001m | €0.002m | €0.03m | €0.3m | €0.3m | €0.8m | ▲ 152% |
| Other amounts receivable41 | - | - | - | €0.002m | €0.03m | €0.3m | €0.3m | €0.8m | ▲ 152% |
| Cash at bank and in hand54/58 | €12 | €13 | €0.01m | €0.01m | €0.01m | - | - | €2 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.001m | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €1.1m | €1.0m | €1.0m | €0.8m | €0.8m | €0.8m | ▼ 9.7% |
| Equity10/15 | €0.2m | €0.2m | €0.5m | €0.5m | €0.5m | €0.4m | €0.5m | €0.8m | ▲ 67.4% |
| Contributions10/11 | €0.3m | €0.3m | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Contributions outside capital11 | - | - | - | €0.7m | - | - | €0.7m | €0.7m | = |
| Other1109/19 | - | - | - | €0.7m | - | - | €0.7m | €0.7m | = |
| Reserves13 | - | - | - | - | - | - | - | €0.09m | - |
| Distributable reserves133 | - | - | - | - | - | - | - | €0.09m | - |
| Profit (loss) carried forward14 | -€0.08m | -€0.1m | -€0.1m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | €0 | - |
| Amounts payable17/49 | €0.9m | €0.9m | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | €0.003m | ▼ 99.2% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | €0.2m | €0.2m | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0.4m | €0.4m | €0.2m | €0.2m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.08m | €0.07m | €0.1m | €0.2m | €0.2m | €0.003m | ▼ 98.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.04m | - | - | - | - |
| Financial debts43 | - | - | - | - | - | €110 | €128 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | €110 | €128 | €0 | ▼ 100% |
| Trade debts44 | €85 | €12 | €0.004m | - | €0.001m | €13 | €126 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | - | €0.001m | €13 | €126 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €0.003m | - |
| Taxes450/3 | - | - | - | - | - | - | - | €0.003m | - |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.09m | €0.2m | €0.2m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,702 | -€30,951 | -€33,828 | -€28,579 | -€28,386 | -€37,281 | €19,755 | €304,868 | ▲ 15× |
| + Depreciation and write-downs630 | €31,449 | €31,449 | €32,038 | €32,895 | €32,896 | €7,969 | €1,528 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€1,253 | €498 | -€1,790 | €4,316 | €4,510 | -€29,312 | €21,283 | €304,868 | ▲ 14× |
| Investment in fixed assets (approximation) | - | -€0 | -€14,470 | -€63 | -€1 | €394,846 | €64 | €539,902 | ▲ 8,412× |
| Change in cash | - | €1 | €14,762 | -€668 | -€70 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 05-05-2026 | 2026-00102672 |
| 31-12-2024 | micro format | 20-08-2025 | 2025-00386670 |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00396321 |
| 31-12-2022 | micro format | 24-08-2023 | 2023-00355953 |
| 31-12-2021 | micro format | 11-08-2022 | 2022-20286226 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-61600133 |
| 31-12-2019 | micro format | 03-08-2020 | 2020-38300162 |
| 31-12-2018 | micro format | 26-08-2019 | 2019-51500552 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57400185 |
| 31-12-2016 | micro format | 29-09-2017 | 2017-65000189 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.