Summary
PHJ CONSTRUCT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €97,199 and a net result of €19,921. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 76% of 9,680 sector peers (NACE 64, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
€123,485total assets 2025
- Equity
- €97,199
- Profit
- €19,921
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Accounts filed 31 days late0 of 2 deeds read
SignalsneutralFiled after the deadlineShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
25 days late
2023
27 days late
2022
11 days late
2021
31 days late
2020
15 days early
2019
10 days late
← 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 17 days after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
17-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €19,921 ▲49.6%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00484253.
Equity
€97,199▲ 25.8%
2024 · €77,278
Net result
€19,921▲ 49.6%
2024 · €13,312
Total assets
€123,485▲ 8.1%
2024 · €114,192
Solvency
78.7%▲ 11.0pp
2024 · 67.7%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 40% above 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€29,472
2025
Net result€19,921
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€123,485
2025
Equity€97,199
2025
Debt€26,286
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€79,329
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)16.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency78.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.02
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€5,245-€7,733▲ 47.4%€23,547▲ 205%€14,921▼ 36.6%€22,853▲ 53.2%€1,867▼ 91.8%€21,072▲ 1,029%€29,472▲ 39.9%
Net result€2,423-€3,484▲ 43.8%€16,917within the sector's middle half▲ 386%€10,360within the sector's middle half▼ 38.8%€17,933within the sector's middle half▲ 73.1%-€2,472below the sector's middle half€13,312within the sector's middle half€19,921within the sector's middle half▲ 49.6%
Equity€64,242-€21,226▼ 67.0%€38,145below the sector's middle half▲ 79.7%€48,505within the sector's middle half▲ 27.2%€66,439within the sector's middle half▲ 37.0%€63,967within the sector's middle half▼ 3.7%€77,278within the sector's middle half▲ 20.8%€97,199within the sector's middle half▲ 25.8%
Total assets€95,514-€50,281▼ 47.4%€55,579below the sector's middle half▲ 10.5%€62,473below the sector's middle half▲ 12.4%€123,117below the sector's middle half▲ 97.1%€103,488below the sector's middle half▼ 15.9%€114,192below the sector's middle half▲ 10.3%€123,485within the sector's middle half▲ 8.1%
Debt€31,272-€29,055▼ 7.1%€17,434▼ 40.0%€13,968▼ 19.9%€56,678▲ 306%€39,521▼ 30.3%€36,914▼ 6.6%€26,286▼ 28.8%
Working capital€56,571-€8,160▼ 85.6%€32,671within the sector's middle half▲ 300%€37,698within the sector's middle half▲ 15.4%€39,240within the sector's middle half▲ 4.1%€39,937within the sector's middle half▲ 1.8%€56,742within the sector's middle half▲ 42.1%€79,329within the sector's middle half▲ 39.8%
Solvency67.3%-42.2%▼ 25.0pp68.6%within the sector's middle half▲ 26.4pp77.6%above the sector's middle half▲ 9.0pp54.0%within the sector's middle half▼ 23.7pp61.8%within the sector's middle half▲ 7.8pp67.7%within the sector's middle half▲ 5.9pp78.7%above the sector's middle half▲ 11.0pp
Current ratio3.56-1.28▼ 2.282.87within the sector's middle half▲ 1.593.70within the sector's middle half▲ 0.822.16within the sector's middle half▼ 1.542.67within the sector's middle half▲ 0.502.96within the sector's middle half▲ 0.294.02above the sector's middle half▲ 1.06
Return on assets (ROA)2.5%-6.9%▲ 4.4pp30.4%above the sector's middle half▲ 23.5pp16.6%within the sector's middle half▼ 13.9pp14.6%within the sector's middle half▼ 2.0pp-2.4%below the sector's middle half▼ 17.0pp11.7%within the sector's middle half▲ 14.0pp16.1%within the sector's middle half▲ 4.5pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123,485
Fixed assets
€17,870 ▼ 37.2%
Current assets
€105,615 ▲ 23.2%
Equity and liabilities €123,485
Equity
€97,199 ▲ 25.8%
Debt
€26,286 ▼ 28.8%
Debt's share of the balance-sheet total falls from 32.3% to 21.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
20.5%▲
2024 · 17.2%
Debt ≤ 1 year
€26,286▼
2024 · €28,984
Income taxes
€8,588▲
2024 · €6,832
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 | - | - | - | - | €11,970 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,087 | €13,061 | €8,354 | €3,634 | €4,756 | €12,767 | €11,129 | €10,596 | ▼ 4.8% |
| Other operating charges640/8 | - | - | - | €1,425 | €2,104 | €4,152 | €2,264 | €2,586 | ▲ 14.2% |
| Gross operating margin9900 | €17,312 | €21,731 | €33,674 | €19,980 | €29,713 | €18,786 | €34,465 | €42,655 | ▲ 23.8% |
| Operating profit (loss)9901 | €5,245 | €7,733 | €23,547 | €14,921 | €22,853 | €1,867 | €21,072 | €29,472 | ▲ 39.9% |
| Financial income75/76B | - | - | - | €68 | €458 | €475 | €295 | €191 | ▼ 35.3% |
| Recurring financial income75 | - | - | - | €68 | €458 | €475 | €295 | €191 | ▼ 35.3% |
| Financial charges65/66B | - | - | - | €207 | €375 | €1,329 | €1,223 | €1,155 | ▼ 5.6% |
| Recurring financial charges65 | €679 | €1,752 | €693 | €207 | €375 | €1,329 | €1,223 | €1,155 | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | €4,566 | €5,981 | €22,854 | €14,782 | €22,935 | €1,012 | €20,144 | €28,508 | ▲ 41.5% |
| Income taxes67/77 | €2,143 | €2,497 | €5,937 | €4,422 | €5,002 | €3,484 | €6,832 | €8,588 | ▲ 25.7% |
| Profit (loss) for the period9904 | €2,423 | €3,484 | €16,917 | €10,360 | €17,933 | -€2,472 | €13,312 | €19,921 | ▲ 49.6% |
| Profit (loss) for the period to be appropriated9905 | €2,423 | €3,484 | €16,917 | €10,360 | €17,933 | -€2,472 | €13,312 | €19,921 | ▲ 49.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €95,514 | €50,281 | €55,579 | €62,473 | €123,117 | €103,488 | €114,192 | €123,485 | ▲ 8.1% |
| Fixed assets21/28 | €16,855 | €13,066 | €5,474 | €10,807 | €50,118 | €39,595 | €28,466 | €17,870 | ▼ 37.2% |
| Tangible fixed assets22/27 | €16,855 | €13,066 | €5,474 | €10,807 | €50,118 | €39,595 | €28,466 | €17,870 | ▼ 37.2% |
| Land and buildings22 | - | - | - | €4,228 | €2,970 | €2,645 | €1,655 | €664 | ▼ 59.8% |
| Furniture and vehicles24 | - | - | - | €6,579 | €47,148 | €36,951 | €26,811 | €17,206 | ▼ 35.8% |
| Current assets29/58 | €78,659 | €37,215 | €50,105 | €51,666 | €72,999 | €63,892 | €85,726 | €105,615 | ▲ 23.2% |
| Amounts receivable within one year40/41 | €27,896 | €25,703 | €22,302 | €20,882 | €58,352 | €30,625 | €41,421 | €51,412 | ▲ 24.1% |
| Trade receivables40 | - | - | - | €18,135 | €47,258 | €22,258 | €37,024 | €43,386 | ▲ 17.2% |
| Other amounts receivable41 | - | - | - | €2,747 | €11,094 | €8,367 | €4,397 | €8,027 | ▲ 82.6% |
| Current investments50/53 | €36,638 | - | €1,860 | €4,410 | €4,410 | €4,410 | €4,410 | €4,410 | = |
| Cash at bank and in hand54/58 | €11,320 | €8,679 | €24,288 | €26,279 | €10,138 | €28,754 | €38,381 | €49,679 | ▲ 29.4% |
| Deferred charges and accrued income490/1 | - | - | - | €95 | €99 | €104 | €1,514 | €114 | ▼ 92.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €95,514 | €50,281 | €55,579 | €62,473 | €123,117 | €103,488 | €114,192 | €123,485 | ▲ 8.1% |
| Equity10/15 | €64,242 | €21,226 | €38,145 | €48,505 | €66,439 | €63,967 | €77,278 | €97,199 | ▲ 25.8% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €49,982 | €6,966 | €23,885 | €34,245 | €52,179 | €49,707 | €63,018 | €82,939 | ▲ 31.6% |
| Amounts payable17/49 | €31,272 | €29,055 | €17,434 | €13,968 | €56,678 | €39,521 | €36,914 | €26,286 | ▼ 28.8% |
| Amounts payable after more than one year17 | €9,184 | - | - | - | €22,919 | €15,566 | €7,930 | - | - |
| Financial debts170/4 | - | - | - | - | €22,919 | €15,566 | €7,930 | - | - |
| Amounts payable within one year42/48 | €22,088 | €29,055 | €17,434 | €13,968 | €33,759 | €23,955 | €28,984 | €26,286 | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7,081 | €7,353 | €7,636 | €7,930 | ▲ 3.8% |
| Trade debts44 | €1,200 | €1,394 | €146 | €2,541 | €17,478 | €3,535 | €4,220 | €4,663 | ▲ 10.5% |
| Suppliers440/4 | - | - | - | €2,541 | €17,478 | €3,535 | €4,220 | €4,663 | ▲ 10.5% |
| Taxes, remuneration and social security45 | - | - | - | €11,427 | €9,200 | €13,067 | €17,128 | €13,693 | ▼ 20.1% |
| Taxes450/3 | - | - | - | €11,427 | €6,168 | €9,976 | €14,974 | €10,494 | ▼ 29.9% |
| Remuneration and social security454/9 | - | - | - | - | €3,032 | €3,091 | €2,154 | €3,199 | ▲ 48.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,423 | €3,484 | €16,917 | €10,360 | €17,933 | -€2,472 | €13,312 | €19,921 | ▲ 49.6% |
| + Depreciation and write-downs630 | €11,087 | €13,061 | €8,354 | €3,634 | €4,756 | €12,767 | €11,129 | €10,596 | ▼ 4.8% |
| Operating cash flow (approximation) | €13,510 | €16,545 | €25,271 | €13,994 | €22,689 | €10,295 | €24,441 | €30,516 | ▲ 24.9% |
| Investment in fixed assets (approximation) | - | -€9,272 | -€762 | -€8,967 | -€44,067 | -€2,245 | €0 | €0 | - |
| Change in cash | - | -€2,641 | €15,609 | €1,991 | -€16,141 | €18,616 | €9,628 | €11,298 | ▲ 17.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00484253 |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00406531 |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00387959 |
| 31-12-2022 | micro format | 11-08-2023 | 2023-00328703 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20399730 |
| 31-12-2020 | micro format | 16-07-2021 | 2021-36400016 |
| 31-12-2019 | micro format | 10-08-2020 | 2020-40200469 |
| 31-12-2018 | micro format | 22-08-2019 | 2019-49300422 |
| 31-12-2017 | micro format | 06-07-2018 | 2018-29800019 |
| 31-12-2016 | abbreviated format | 20-07-2017 | 2017-33600387 |
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Of the 24,462 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,970. 12,422 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
financial year 2025 · micro format · 31 days late
2025
31-12
Financial
Highest result from 2018 to 2025net €19,921 ▲49.6%
Operating result €29,472, net result €19,921, both a record.
25-08
NBB filing
Annual accounts filed
financial year 2024 · micro format · 25 days late
2024
31-12
Financial
Back to profitnet €13,312
Net result €13,312 after one loss-making year.
27-08
NBB filing
Annual accounts filed
financial year 2023 · micro format · 27 days late
2023
31-12
Financial
Weakest financial yearnet -€2,472
Net result drops to -€2,472, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
financial year 2022 · micro format · 11 days late
2022
31-08
NBB filing
Annual accounts filed
financial year 2021 · micro format · 31 days late
2021
16-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Liquidity more than doubledcurrent ratio 2.87
Current ratio from 1.28 to 2.87; short-term debt falls from €29,055 to €17,434.
10-08
NBB filing
Annual accounts filed
financial year 2019 · micro format · 10 days late
2019
22-08
NBB filing
Annual accounts filed
financial year 2018 · micro format · 22 days late
2018
06-07
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
20-07
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 2 deeds read
About the unread acts
We know of 2 Belgian Official 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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Register details
Identification
Legal formPrivate limited company
Founded17-08-2015
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0635560430
Also
9925:BE0635560430
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 16 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2015
Ground area
1,016 m²
Building footprint
184 m²
Building volume
834 m³
Parcel 31039E0179/00F000, Flanders · tallest building 8.3 m. Linked by address, not a title deed.
1 establishment unit
PHJ CONSTRUCT
since 2015unit no. 2.244.993.734
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31039E0179/00F000 | Flanders | 1,016 m² | 1 · 184 m² | 8.3 m · 1 |
How the parcels are linked
Good to know
The parcel matches the address exactly.