PHIVEST
ActiveSummary
PHIVEST has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €284,029 and a net result of €17,185. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 76% of 2028 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+67
Solvency95▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.03 in 2024; short-term debt: 29.7% and cash: 10.1% of total assets), and 29.7% of the assets are financed with debt.
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Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
70.3%
Return on assets
4.3%
Age of the figures
12 mo
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 30-01-2026, 90 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
90 d early
2024
56 d early
2023
134 d early
2022
3 d early
2021
37 d early
2020
1 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 50 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€284,029▲ 6.4%
2024 · €266,844
Total assets
€404,106▲ 1.8%
2024 · €396,931
Net result
€17,185
2024 · -€36,631
Working capital
-€77,666▲ 38.6%
2024 · -€126,432
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,524▼ 97.0%€45,019▲ 1,684%-€37,839-€36,467▲ 3.6%€18,997
Net result€6below the sector's middle half▼ 100.0%€34,266within the sector's middle half▲ 542,078%-€40,255below the sector's middle half-€36,631below the sector's middle half▲ 9.0%€17,185within the sector's middle half
Equity€311,065above the sector's middle half=€345,331within the sector's middle half▲ 11.0%€303,475within the sector's middle half▼ 12.1%€266,844within the sector's middle half▼ 12.1%€284,029within the sector's middle half▲ 6.4%
Total assets€498,178above the sector's middle half▼ 10.3%€410,656within the sector's middle half▼ 17.6%€348,395within the sector's middle half▼ 15.2%€396,931within the sector's middle half▲ 13.9%€404,106within the sector's middle half▲ 1.8%
Debt€187,113▼ 23.5%€65,325▼ 65.1%€44,919▼ 31.2%€130,086▲ 190%€120,077▼ 7.7%
Working capital-€67,172▼ 49.8%€73,660€46,057▼ 37.5%-€126,432-€77,666▲ 38.6%
Solvency62.4%within the sector's middle half▲ 6.5pp84.1%above the sector's middle half▲ 21.7pp87.1%above the sector's middle half▲ 3.0pp67.2%within the sector's middle half▼ 19.9pp70.3%above the sector's middle half▲ 3.1pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
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 returns to profit in 2025: €18,997 after a loss of €36,467 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €404,106
Fixed assets
€361,695 ▼ 8.0%
Current assets
€42,411 ▲ 1,061%
Equity and liabilities €404,106
Equity
€284,029 ▲ 6.4%
Debt
€120,077 ▼ 7.7%
Debt's share of the balance-sheet total falls from 32.8% to 29.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,831▲
2024 · -€21,587
Cash flow
€34,018▲
2024 · -€21,751
Current ratio
0.35▲
2024 · 0.03
Debt to equity
0.42▼
2024 · 0.49
ROE
6.1%▲
2024 · -13.7%
ROA
4.3%▲
2024 · -9.2%
Interest coverage
193.92▲
2024 · -119.38
Debt ≤ 1 year
€120,077▼
2024 · €130,086
Income taxes
€1,718
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €107,408 | - | - | €18,901 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,336 | €25,607 | €15,886 | €14,880 | €16,834 | ▲ 13.1% |
| Other operating charges640/8 | - | €2,500 | €2,619 | €14,322 | €2,760 | ▼ 80.7% |
| Gross operating margin9900 | €22,568 | €73,126 | -€19,334 | -€7,265 | €38,591 | ▲ 631% |
| Operating profit (loss)9901 | €2,524 | €45,019 | -€37,839 | -€36,467 | €18,997 | ▲ 152% |
| Financial income75/76B | - | €0 | - | €17 | €90 | ▲ 438% |
| Recurring financial income75 | €2 | €0 | - | €17 | €90 | ▲ 438% |
| Financial charges65/66B | - | €2,134 | €261 | €181 | €185 | ▲ 2.2% |
| Recurring financial charges65 | €2,233 | €2,134 | €261 | €181 | €185 | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €293 | €42,885 | -€38,100 | -€36,631 | €18,903 | ▲ 152% |
| Income taxes67/77 | €286 | €8,620 | €2,155 | - | €1,718 | - |
| Profit (loss) for the period9904 | €6 | €34,266 | -€40,255 | -€36,631 | €17,185 | ▲ 147% |
| Profit (loss) for the period to be appropriated9905 | €6 | €34,266 | -€40,255 | -€36,631 | €17,185 | ▲ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €498,178 | €410,656 | €348,395 | €396,931 | €404,106 | ▲ 1.8% |
| Fixed assets21/28 | €441,060 | €271,671 | €257,419 | €393,276 | €361,695 | ▼ 8.0% |
| Tangible fixed assets22/27 | €441,060 | €271,671 | €257,419 | €393,276 | €361,695 | ▼ 8.0% |
| Land and buildings22 | - | €269,207 | €255,460 | €391,946 | €360,528 | ▼ 8.0% |
| Plant, machinery and equipment23 | - | - | €1,494 | €1,330 | €1,167 | ▼ 12.3% |
| Furniture and vehicles24 | - | €2,463 | €465 | - | - | - |
| Current assets29/58 | €57,117 | €138,985 | €90,976 | €3,654 | €42,411 | ▲ 1,061% |
| Amounts receivable within one year40/41 | €6,189 | €22,348 | €698 | - | - | - |
| Trade receivables40 | - | €5,375 | - | - | - | - |
| Other amounts receivable41 | - | €16,973 | €698 | - | - | - |
| Cash at bank and in hand54/58 | €50,928 | €109,507 | €83,148 | €2,201 | €40,894 | ▲ 1,758% |
| Deferred charges and accrued income490/1 | - | €7,130 | €7,130 | €1,453 | €1,517 | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €498,178 | €410,656 | €348,395 | €396,931 | €404,106 | ▲ 1.8% |
| Equity10/15 | €311,065 | €345,331 | €303,475 | €266,844 | €284,029 | ▲ 6.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €304,865 | €339,131 | €297,275 | €260,644 | €277,829 | ▲ 6.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €337,271 | €295,415 | €260,644 | €277,829 | ▲ 6.6% |
| Amounts payable17/49 | €187,113 | €65,325 | €44,919 | €130,086 | €120,077 | ▼ 7.7% |
| Amounts payable after more than one year17 | €62,824 | - | - | - | - | - |
| Amounts payable within one year42/48 | €124,290 | €65,325 | €44,919 | €130,086 | €120,077 | ▼ 7.7% |
| Trade debts44 | €4,967 | €10,613 | €712 | €856 | €944 | ▲ 10.3% |
| Suppliers440/4 | - | €10,613 | €712 | €856 | €944 | ▲ 10.3% |
| Taxes, remuneration and social security45 | - | - | €2,100 | - | €1,718 | - |
| Taxes450/3 | - | - | €2,100 | - | €1,718 | - |
| Other amounts payable47/48 | - | €54,713 | €42,107 | €129,230 | €117,415 | ▼ 9.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6 | €34,266 | -€40,255 | -€36,631 | €17,185 | ▲ 147% |
| + Depreciation and write-downs630 | €17,336 | €25,607 | €15,886 | €14,880 | €16,834 | ▲ 13.1% |
| Operating cash flow (approximation) | €17,342 | €59,873 | -€24,369 | -€21,751 | €34,018 | ▲ 256% |
| Investment in fixed assets (approximation) | - | €143,782 | -€1,634 | -€150,737 | €14,748 | ▲ 110% |
| Change in cash | - | €58,579 | -€26,359 | -€80,947 | €38,693 | ▲ 148% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €17,185
Net result €17,185 after 2 loss-making years.
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-09
Financial
Weakest financial yearnet -€40,255
Net result drops to -€40,255, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Liquidity times 5current ratio 2.13
Current ratio from 0.46 to 2.13; short-term debt falls from €124,290 to €65,325.
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €55,738 ▲761%
Operating result €84,440, net result €55,738, both a record.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2014
23-12
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
12-12
State Gazette act
General meeting · Director resignation
Statutes amendment · Board meeting
12-12
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2013
26-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
26-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
02-09
State Gazette act
Board meeting · Director reappointment
Permanent representative
2012
27-08
State Gazette act
General meeting · Board meeting
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brasschaat · 1 establishment unit since 2000
Ground area
294 m²
Building footprint
294 m²
Volume, LiDAR
1,639 m³
Parcel 11322C0194/00H000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
PHIVEST
since 20002.115.805.075
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322C0194/00H000 | Flanders | 294 m² | 1 · 294 m² | 8.7 m · 2 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.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
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Linked via shared directors
IMMOBILIERE DE LA LAINE
Shared director
→
Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
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Of 18,250 companies in sector 71111 we hold annual accounts for 6,320. 4,769 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
Founded23-02-2000
Fiscal year end30-09
Activities, NACEBEL 2025
71111Activities of building architects
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471172649
Also
9925:BE0471172649
Registered
08-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.