PHLIPS
InactiveOverview
Overview
Official details
Source: KBO- Status
- Absorbed by METAALWERKEN DE COCK merger by absorption, May 2025
- Activity
- “Het verrichten van alle metaalverwerking.” (deed in Dutch)From the articlesNo NACE code in the KBO yet
- Joint committees
- 111 Paritair Comité voor de metaal-, machine- en elektrische bouw
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 2021
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- Willy LefeverManaging director
- Maria VerschuerenDirector
Shareholders
- METAALWERKEN DE COCK100%· score 99act of 13-08-2025
Financial position
No score
Annual accounts 2021
- Gross margin
- €153,835
- ▼ 18.9%
- Turnover
- ≈ €390,000
- estimated
- Profit
- €2,371
- ▼ 92.5%
- Equity
- -€583,106
- ▲ 0.4%
- Total assets
- €94,888
- ▲ 11.5%
- Employees on 31-12-2021
- 2
Filed on 14-10-2022
Financials
Financials · financial year 2021, micro format
2021 annual accounts filed 75 days after the deadline Filed on 14 October 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20461636.
Annual accounts 2021 filed on 14-10-2022 PDF all 30 filings
Turnover
≈ €390,000
Estimated: probably between €260,000 and €590,000
Total assets
€94,888▲ 11.5%
2020 · €85,109
Net result
€2,371▼ 92.5%
2020 · €31,585
Working capital
-€349,080▲ 1.2%
2020 · -€353,242
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result for 2021 is a loss of €550, after a profit of €31,659 in 2020.
Operating result-€550
2021
Net result€2,371
2021
Total assets€94,888
2021
Equity-€583,106
2021
Debt€677,994
2021
Working capital-€349,080
2021
Staff (FTE)2.7
2021
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€3,061--€1,664€31,659-€550
Net result€1,420--€2,775€31,585€2,371▼ 92.5%
Equity-€614,287--€617,062▼ 0.5%-€585,477▲ 5.1%-€583,106▲ 0.4%
Total assets€48,982-€21,239▼ 56.6%€85,109▲ 301%€94,888▲ 11.5%
Debt€663,268-€638,301▼ 3.8%€670,586▲ 5.1%€677,994▲ 1.1%
Working capital-€384,182--€385,892▼ 0.4%-€353,242▲ 8.5%-€349,080▲ 1.2%
Staff (FTE)4.8-4.8=3▼ 37.5%2.7▼ 10.0%
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €94,888
Fixed assets
€700 ▼ 60.3%
Current assets
€94,188 ▲ 13.0%
Equity and liabilities
Equity-€583,106
Debt€677,994
Equity is negative. Debt (€677,994) exceeds the balance-sheet total (€94,888).
Key figures and ratios
EBITDA
€515▼
2020 · €32,724
Cash flow
€3,436▼
2020 · €32,650
Solvency
-614.5%▲
2020 · -687.9%
Current ratio
0.21▲
2020 · 0.19
ROA
2.5%▼
2020 · 37.1%
Interest coverage
45.80
Debt ≤ 1 year
€443,268▲
2020 · €436,586
Debt > 1 year
€210,000=
2020 · €210,000
Income taxes
-€14▼
2020 · €91
Staff costs
€152,690
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| in full-time equivalents | 2 |
| Average over the year, in full-time equivalents | 2.7 |
| On a permanent contract | 2 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2021 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €152,690 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,844 | €1,065 | €1,065 | €1,065 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€28,825 | - |
| Other operating charges640/8 | - | - | - | €29,454 | - |
| Gross operating margin9900 | €257,351 | €234,461 | €189,681 | €153,835 | ▼ 18.9% |
| Operating profit (loss)9901 | €3,061 | -€1,664 | €31,659 | -€550 | - |
| Financial income75/76B | - | - | - | €2,918 | - |
| Recurring financial income75 | €36 | €0 | €56 | €2,918 | ▲ 52× |
| Financial charges65/66B | - | - | - | €11 | - |
| Recurring financial charges65 | €1,440 | €898 | €40 | €11 | ▼ 71.6% |
| Profit (loss) for the period before taxes9903 | €1,657 | -€2,561 | €31,676 | €2,357 | ▼ 92.6% |
| Income taxes67/77 | €238 | €214 | €91 | -€14 | - |
| Profit (loss) for the period9904 | €1,420 | -€2,775 | €31,585 | €2,371 | ▼ 92.5% |
| Profit (loss) for the period to be appropriated9905 | €1,420 | -€2,775 | €31,585 | €2,371 | ▼ 92.5% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €48,982 | €21,239 | €85,109 | €94,888 | ▲ 11.5% |
| Fixed assets21/28 | €3,895 | €2,830 | €1,765 | €700 | ▼ 60.3% |
| Tangible fixed assets22/27 | €3,195 | €2,130 | €1,065 | - | - |
| Financial fixed assets28 | €700 | €700 | €700 | €700 | = |
| Current assets29/58 | €45,087 | €18,409 | €83,344 | €94,188 | ▲ 13.0% |
| Amounts receivable within one year40/41 | €43,205 | €12,271 | €80,327 | €91,557 | ▲ 14.0% |
| Trade receivables40 | - | - | - | €53,836 | - |
| Other amounts receivable41 | - | - | - | €37,722 | - |
| Cash at bank and in hand54/58 | €1,882 | €6,138 | €3,017 | €2,631 | ▼ 12.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €48,982 | €21,239 | €85,109 | €94,888 | ▲ 11.5% |
| Equity10/15 | -€614,287 | -€617,062 | -€585,477 | -€583,106 | ▲ 0.4% |
| Contributions10/11 | €136,340 | €136,340 | €136,340 | €136,340 | = |
| Capital10 | - | - | - | €136,340 | - |
| Issued capital100 | - | - | - | €136,340 | - |
| Reserves13 | €13,634 | €13,634 | €13,634 | €13,634 | = |
| Non-distributable reserves130/1 | - | - | - | €13,634 | - |
| Legal reserve130 | - | - | - | €13,634 | - |
| Profit (loss) carried forward14 | -€764,261 | -€767,036 | -€735,451 | -€733,080 | ▲ 0.3% |
| Amounts payable17/49 | €663,268 | €638,301 | €670,586 | €677,994 | ▲ 1.1% |
| Amounts payable after more than one year17 | €210,000 | €210,000 | €210,000 | €210,000 | = |
| Other amounts payable178/9 | - | - | - | €210,000 | - |
| Amounts payable within one year42/48 | €429,268 | €404,301 | €436,586 | €443,268 | ▲ 1.5% |
| Trade debts44 | €256,269 | €253,535 | €251,240 | €254,033 | ▲ 1.1% |
| Suppliers440/4 | - | - | - | €254,033 | - |
| Taxes, remuneration and social security45 | - | - | - | €22,947 | - |
| Taxes450/3 | - | - | - | €5,770 | - |
| Remuneration and social security454/9 | - | - | - | €17,177 | - |
| Other amounts payable47/48 | - | - | - | €166,288 | - |
| Accrued charges and deferred income492/3 | - | - | - | €24,726 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,420 | -€2,775 | €31,585 | €2,371 | ▼ 92.5% |
| + Depreciation and write-downs630 | €8,844 | €1,065 | €1,065 | €1,065 | = |
| Operating cash flow (approximation) | €10,264 | -€1,710 | €32,650 | €3,436 | ▼ 89.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €4,256 | -€3,121 | -€386 | ▲ 87.6% |
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 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 14-10-2022 | 2022-20461636 | |
| 31-12-2020 | micro format | 30-11-2021 | 2021-78800086 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66900301 | |
| 31-12-2018 | micro format | 28-10-2019 | 2019-71600125 | |
| 31-12-2017 | micro format | 30-10-2018 | 2018-70700453 | |
| 31-12-2016 | micro format | 27-09-2017 | 2017-63300473 | |
| 31-12-2015 | abbreviated format | 31-10-2016 | 2016-67200160 | |
| 31-12-2014 | abbreviated format | 23-09-2015 | 2015-59600570 | |
| 31-12-2013 | abbreviated format | 28-07-2014 | 2014-35800030 | |
| 31-12-2012 | abbreviated format | 20-06-2013 | 2013-19700466 |
Board & ownership
Directors
Directors
2 directors, 1 in day-to-day management, last change in 2024
Board 2
Willy Lefever
Current
Director · since 15-12-2011 · 6-year term from 2024 · listed in the 2021 annual accounts, filed on 14-10-2022
Maria Verschueren
Current
Bijkomend bestuurder · appointed in the act of 08-10-2024
Day-to-day management 1
Willy Lefever
Current
Managing director · in office according to the act of 17-12-2024 · 6-year term from 2024
Owners and capital
Shareholders
1 ownerChain of control
- LEFEVER
- METAALWERKEN DE COCK
- PHLIPS
Owners 1
- METAALWERKEN DE COCKparentEquity €4.6m Profit of €1.0m in 2025 (profit of €524,742 in 2024) Checked score 99100%
Capital transactions
Shareholders according to the deeds
Stated in the act
act of 13-08-2025 ↗
- METAALWERKEN DE COCK (BE 0442.561.807) all shares
Mandate history
2 people, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Maria Verschueren |
|
| Willy Lefever |
|
Network & group
Acquisitions and mergers
1 transactionTaken over by:METAALWERKEN DE COCK
Connections & network
2 current directorsThe network starts from the directors of PHLIPS. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
2025
13-08
Gazette deed
Merger: absorbed by METAALWERKEN DE COCKShareholding · Accounting effect · Custody of records6 points ▸
Gazette deed
Merger: absorbed by METAALWERKEN DE COCK
Shareholding · Accounting effect · Custody of records6 points ▸
- General meeting, 24-07-2025
- Merger, “met fusie door overneming gelijkgestelde verrichting, alle eventuele handels-en andere huurovereenkomsten lange of korte termijn als huurder of verhuurder” (deed in Dutch)
- METAALWERKEN DE COCK holds all the shares
- Accounting effect, 01-01-2025
- Custody of records, “heden, archief omvattende alle boeken en bescheiden wettelijk verplicht te houden en te bewaren” (deed in Dutch)
- Power of attorney
17-06
Gazette deed
Merger proposal: to be absorbed by METAALWERKEN DE COCKAccounting effect · Amendment of the articles9 points ▸
Gazette deed
Merger proposal: to be absorbed by METAALWERKEN DE COCK
Accounting effect · Amendment of the articles9 points ▸
- Accounting effect, 01-01-2025
- Other provision, “juridische datum fusie, fusie komt tot stand” (deed in Dutch)
- Other provision, “bijzondere rechten” (deed in Dutch)
- Other provision, “voordelen leden bestuursorganen” (deed in Dutch)
- Amendment of the articles
- Other provision, “afwezigheid onroerende goederen en onroerende zakelijke rechten, vruchtgebruik,opstal,erfpacht of andere” (deed in Dutch)
- Other provision, “tussentijdse cijfers, artikel 12:51,§2,4° WWw” (deed in Dutch)
- Other provision, “pro-fisco bepalingen, met fusie door overneming gelijkgestelde verrichting” (deed in Dutch)
- Merger, “met fusie door overneming gelijkgestelde verrichting(geruisloze fusie), gehele vermogen-zowel de rechten als de verplichtingen-van NV VDV-MACHINING en NV PHLIPS…” (deed in Dutch), mentioned 2 times in the deed
2024
17-12
Gazette deed
Reappointment: Willy Lefever (director)4 points ▸
Gazette deed
Reappointment: Willy Lefever (director)
4 points ▸
- General meeting, 26-11-2024
- Director reappointment, Willy Lefever (director)
- Director reappointment, Willy Lefever (managing director)
- Other provision, 19-12-2017, “bevestiging en bekrachtiging handelingen bestuurder” (deed in Dutch)
08-10
Gazette deed
Appointment: Maria Verschueren (bijkomend bestuurder)2 points ▸
Gazette deed
Appointment: Maria Verschueren (bijkomend bestuurder)
2 points ▸
- General meeting, 08-07-2024
- Director appointment, Maria Verschueren (bijkomend bestuurder)
07-06
KBO administration
UBO non-compliance
event 30-05-2024
2022
14-10
micro format · 75 days late
2021
30-11
micro format · 122 days late
2020
31-12
Financial
Back to profitnet €31,585
The net result is €31,585, after one loss-making year.
30-10
micro format · 91 days late
2019
31-12
Financial
Weakest financial yearnet -€2,775
The net result drops to -€2,775, the lowest from 2018 to 2021.
28-10
micro format · 89 days late
2018
30-10
micro format · 91 days late
Show earlier events
2017
27-09
micro format · 58 days late
2016
31-10
abbreviated format · 92 days late
2015
23-09
abbreviated format · 54 days late
2014
28-07
abbreviated format · 3 days before the deadline
2013
20-06
abbreviated format · 41 days before the deadline
1992
11-03
Gazette deed
Incorporation
25 publications in the Belgian Official Gazette, the last on 13-08-2025
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Absorbed by METAALWERKEN DE COCK in May 2025
PHLIPS is no longer in the KBO register. METAALWERKEN DE COCK took it over in a merger by absorption, published in the Belgian Official Gazette on 13 August 2025.
- Status
- Inactive
- Reason
- Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 13 August 2025 · act
- Absorbed by
- METAALWERKEN DE COCK · 0442.561.807
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Drevendaal 12, 2860 Sint-Katelijne-Waveras published on 13 August 2025
- Legal form
- Public limited company
- First annual accounts
- financial year 1992
Register details
Identity
Name
PHLIPS
Enterprise number
0446.682.327
Activities
Joint committees
111 Paritair Comité voor de metaal-, machine- en elektrische bouw
209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid annual accounts 2021
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 17-06-2025 (in Dutch)
“Het verrichten van alle metaalverwerking”
Text of the purpose
“Het verrichten van alle metaalverwerking.”
Invoicing and payment
VAT number
BE 0446.682.327
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12