PHL CONCEPT
ActivePHL CONCEPT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
86
/ 100
Excellent▲ +35 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency46▲+31
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 0.65 in 2024), and 73.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
26.1%
Return on assets
9.8%
Age of the figures
8 mo
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 · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €77k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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
4 d late
2024
19 d late
2023
13 d late
2022
8 d late
2021
4 d late
2020
27 d late
2019
49 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€77k▲ 59.9%
2024 · €48k
2018: €51k
2019: €48k
2020: €16k
2021: €4k
2022: €17k
2023: €27k
2024: €48k
2018 → 2025
Total assets
€296k▲ 4.1%
2024 · €284k
2018: €400k
2019: €409k
2020: €371k
2021: €316k
2022: €259k
2023: €239k
2024: €284k
2018 → 2025
Net result
€29k▲ 33.1%
2024 · €22k
2018: €8k
2019: €-3k
2020: €-32k
2021: €-12k
2022: €13k
2023: €9k
2024: €22k
2018 → 2025
Working capital
€23k
2024 · €-29k
2018: €-8k
2019: €14k
2020: €-59k
2021: €-35k
2022: €-24k
2023: €-26k
2024: €-29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€17k▲ 314%€27k▲ 55.6%€48k▲ 81.8%€77k▲ 59.9%
Operating result€-3k-€22k€22k▲ 2.2%€38k▲ 70.2%€47k▲ 23.8%
Net result€-12k-€13k€9k▼ 26.7%€22k▲ 129%€29k▲ 33.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 24% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €296k
Fixed assets
€182k▼ 21.0%
Current assets
€114k▲ 111%
Equity and liabilities €296k
Equity
€77k▲ 59.9%
Debt
€218k▼ 7.3%
The debt ratio falls from 83.0% to 73.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€64k▲
2024 · €46k
Cash flow
€45k▲
2024 · €29k
Solvency
26.1%▲
2024 · 17.0%
Current ratio
1.26▲
2024 · 0.65
Quick ratio
1.12▲
2024 · 0.37
Debt / equity
2.83▼
2024 · 4.88
ROE
37.5%▼
2024 · 45.0%
ROA
9.8%▲
2024 · 7.7%
Interest coverage
6.24▲
2024 · 4.41
Debt
€218k▼
2024 · €236k
Debt ≤ 1 year
€91k▲
2024 · €83k
Debt > 1 year
€128k▼
2024 · €152k
Income taxes
€8k▲
2024 · €6k
Staff costs
€62k▼
2024 · €78k
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 2024
Balance sheet
Code20242025
Assets
Total assets20/58€284k€296k▲
Fixed assets21/28€230k€182k▼
Intangible fixed assets21€50k€40k▼
Tangible fixed assets22/27€160k€142k▼
Land and buildings22€155k€122k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€1k€17k▲
Financial fixed assets28€21k€125▼
Current assets29/58€54k€114k▲
Stocks and contracts in progress3€23k€12k▼
Stocks30/36€23k€12k▼
Amounts receivable within one year40/41€12k€97k▲
Trade receivables40€1k€21k▲
Other amounts receivable41€11k€76k▲
Cash at bank and in hand54/58€19k€5k▼
Equity and liabilities
Total equity and liabilities10/49€284k€296k▲
Equity10/15€48k€77k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€40k€69k▲
Amounts payable17/49€236k€218k▼
Amounts payable after more than one year17€152k€128k▼
Financial debts170/4€152k€128k▼
Amounts payable within one year42/48€83k€91k▲
Current portion of amounts payable after more than one year42€34k€53k▲
Trade debts44€25k€21k▼
Suppliers440/4€25k€21k▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€17k€15k▼
Taxes450/3€12k€7k▼
Remuneration and social security454/9€6k€8k▲
Other amounts payable47/48€8k€362▼
Income statement
Code20242025
Remuneration, social security and pensions62€78k€62k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€17k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€5k€9k▲
Non-recurring operating charges66A€10k-
Gross operating margin9900€139k€137k▼
Operating profit (loss)9901€38k€47k▲
Financial income75/76B€6€452▲
Recurring financial income75€6€452▲
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€28k€37k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€22k€29k▲
Profit (loss) for the period to be appropriated9905€22k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€69k▲
Profit (loss) brought forward from the previous period14P€19k€40k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 18/06/2026
- Registered-office move, rue Baty Delmais 8 à 1370 Lathuy
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
31-12
Financial
Highest result since 2018net €29k ▲33.1%
Operating result €47k, net result €29k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after 3 loss-making years.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Jodoigne · 1 establishment unit since 2014
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.
Rue Baty Delmais(Lat.) 81370 JodoigneGround area
2.6 ha
Building footprint
104 m²
Volume, LiDAR
516 m³
2 parcels, Wallonia · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PHL CONCEPT
since 20142.226.781.191
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25052C0435/00C000 | Wallonia | 2.5 ha | - | - |
| 25010B0205/00P007 | Wallonia | 1,527 m² | 1 · 103 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
EWG SECURITY
BE 0793.507.312
Ronse · Eq €77k
LAMMENS ELEKTRICITEITSTECHNIEKEN
BE 0664.885.411
Roosdaal · Eq €77k
LECLAU
BE 0894.441.651
Genappe · Eq €77k
CHAUFFAGE MICHEL
BE 0860.483.337
Etterbeek · Eq €77k
CeyTech
BE 0891.898.766
Bree · Eq €77k
Of 22,731 companies in sector 43211 we hold annual accounts for 10,271. 8,748 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-2014
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.