PHLIPS
ActivePHLIPS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28k and a net result of €-6k. Equity is shrinking by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 69% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency73▲+1
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.95 in 2024), and 45.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.9%
Return on assets
-12.3%
Age of the figures
14 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€6k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-02-2026, 25 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
25 d late
2024
28 d late
2023
21 d late
2022
22 d late
2021
25 d late
2020
26 d late
2019
21 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€28k▼ 18.3%
2024 · €34k
2019: €64k
2020: €72k
2021: €74k
2022: €41k
2023: €39k
2024: €34k
2019 → 2025
Total assets
€51k▼ 24.8%
2024 · €67k
2019: €131k
2020: €92k
2021: €82k
2022: €57k
2023: €57k
2024: €67k
2019 → 2025
Net result
€-6k▼ 23.0%
2024 · €-5k
2019: €12k
2020: €8k
2021: €2k
2022: €-6k
2023: €-2k
2024: €-5k
2019 → 2025
Working capital
€-2k▼ 6.9%
2024 · €-1k
2019: €53k
2020: €38k
2021: €43k
2022: €2k
2023: €2k
2024: €-1k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€74k-€41k▼ 44.1%€39k▼ 5.3%€34k▼ 12.9%€28k▼ 18.3%
Operating result€3k-€-6k€-3k▲ 43.7%€-4k▼ 26.0%€-6k▼ 51.6%
Net result€2k-€-6k€-2k▲ 62.4%€-5k▼ 132%€-6k▼ 23.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €4k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51k
Fixed assets
€30k▼ 16.8%
Current assets
€20k▼ 34.2%
Equity and liabilities €51k
Equity
€28k▼ 18.3%
Debt
€23k▼ 31.4%
The debt ratio falls from 49.5% to 45.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€8k▼
2024 · €15k
Cash flow
€8k▼
2024 · €14k
Solvency
54.9%▲
2024 · 50.5%
Current ratio
0.93▼
2024 · 0.95
Quick ratio
0.93▼
2024 · 0.95
Debt / equity
0.82▼
2024 · 0.98
ROE
-22.3%▼
2024 · -14.9%
ROA
-12.3%▼
2024 · -7.5%
Interest coverage
109.57▲
2024 · 14.88
Debt
€23k▼
2024 · €33k
Debt ≤ 1 year
€22k▼
2024 · €32k
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€67k€51k▼
Fixed assets21/28€36k€30k▼
Tangible fixed assets22/27€36k€30k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€29k€25k▼
Other tangible fixed assets26€507€254▼
Current assets29/58€31k€20k▼
Amounts receivable within one year40/41€10k€6k▼
Trade receivables40€8k€6k▼
Other amounts receivable41€2k-
Cash at bank and in hand54/58€20k€14k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€67k€51k▼
Equity10/15€34k€28k▼
Contributions10/11€6k€6k=
Reserves13€41k€41k=
Distributable reserves133€41k€41k=
Profit (loss) carried forward14€-13k€-19k▼
Amounts payable17/49€33k€23k▼
Amounts payable within one year42/48€32k€22k▼
Trade debts44€2k€539▼
Suppliers440/4€2k€539▼
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€29k€20k▼
Accrued charges and deferred income492/3€931€931=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€14k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€16k€9k▼
Operating profit (loss)9901€-4k€-6k▼
Financial income75/76B€6€15▲
Recurring financial income75€6€15▲
Financial charges65/66B€998€73▼
Recurring financial charges65€998€73▼
Profit (loss) for the period before taxes9903€-5k€-6k▼
Profit (loss) for the period9904€-5k€-6k▼
Profit (loss) for the period to be appropriated9905€-5k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-19k▼
Profit (loss) brought forward from the previous period14P€-8k€-13k▼
The notes to these accounts (5 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
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
30-06
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
21-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ninove · 1 establishment unit since 2013
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.
Cyriel Prieëlsstraat 2779404 NinoveGround area
4,772 m²
Building footprint
385 m²
Volume, LiDAR
2,419 m³
2 parcels, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PHLIPS
since 20132.217.286.970
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41060B0581/00F000 | Flanders | 2,571 m² | 1 · 134 m² | 12.4 m · 3 fl. |
| 41004A0733/00D000 | Flanders | 2,201 m² | 1 · 251 m² | 8.0 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 384 EUR awarded · 384 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 384 EUR | 384 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,700 companies in sector 68310 we hold annual accounts for 6,875. 4,279 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2012
Fiscal year end30-06
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
71209Other technical testing and analysis
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.