PHLIPS
ActiveSummary
PHLIPS has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,782 and a net result of -€6,206. Equity is shrinking by about 15% per year across the filed financial years. Its solvency ranks better than 69% of 17,080 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €27,782
- Loss
- -€6,206
Why 89raises riskLoss of €6,206, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 0.93, cash €13,962Sector: Real estate activities (NACE 68)Equity €27,782 (54.9% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 68% on solvency, 75% on liquidity, 44% on profitability and 22% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 24 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€6,206
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (25 days) Filed on 25 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00043310.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €6,149 in 2025 against €4,056 in 2024; the loss grows and 2025 has the lowest 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: 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).
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88.2% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,805 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,467 | €10,762 | €10,053 | €2,271 | €3,202 | €18,898 | €14,103 | ▼ 25.4% |
| Other operating charges640/8 | - | - | - | €1,082 | €1,031 | €1,047 | €1,256 | ▲ 20.0% |
| Gross operating margin9900 | €31,535 | €6,207 | €13,333 | -€2,362 | €1,013 | €15,889 | €9,210 | ▼ 42.0% |
| Operating profit (loss)9901 | €18,194 | -€5,212 | €2,549 | -€5,716 | -€3,220 | -€4,056 | -€6,149 | ▼ 51.6% |
| Financial income75/76B | - | - | - | €1 | €1,103 | €6 | €15 | ▲ 148% |
| Recurring financial income75 | - | €1 | €0 | €1 | €1,103 | €6 | €15 | ▲ 148% |
| Financial charges65/66B | - | - | - | €83 | €61 | €998 | €73 | ▼ 92.7% |
| Recurring financial charges65 | €385 | €330 | €230 | €83 | €61 | €998 | €73 | ▼ 92.7% |
| Profit (loss) for the period before taxes9903 | €17,644 | €10,673 | €2,320 | -€5,798 | -€2,178 | -€5,048 | -€6,206 | ▼ 23.0% |
| Income taxes67/77 | €5,194 | €2,953 | €575 | - | - | - | - | - |
| Profit (loss) for the period9904 | €12,450 | €7,720 | €1,745 | -€5,798 | -€2,178 | -€5,048 | -€6,206 | ▼ 23.0% |
| Profit (loss) for the period to be appropriated9905 | €12,450 | €7,720 | €1,745 | -€5,798 | -€2,178 | -€5,048 | -€6,206 | ▼ 23.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €131,106 | €91,669 | €82,195 | €57,059 | €56,600 | €67,283 | €50,617 | ▼ 24.8% |
| Fixed assets21/28 | €24,599 | €39,026 | €30,889 | €38,857 | €37,227 | €36,415 | €30,312 | ▼ 16.8% |
| Tangible fixed assets22/27 | €24,599 | €39,026 | €30,889 | €38,857 | €37,227 | €36,415 | €30,312 | ▼ 16.8% |
| Plant, machinery and equipment23 | - | - | - | €10,843 | €8,938 | €7,375 | €5,143 | ▼ 30.3% |
| Furniture and vehicles24 | - | - | - | €27,000 | €27,528 | €28,532 | €24,915 | ▼ 12.7% |
| Other tangible fixed assets26 | - | - | - | €1,015 | €761 | €507 | €254 | ▼ 50.0% |
| Current assets29/58 | €106,507 | €52,643 | €51,306 | €18,202 | €19,373 | €30,868 | €20,305 | ▼ 34.2% |
| Amounts receivable within one year40/41 | €10,348 | €7,888 | €5,227 | €6,500 | €15,552 | €9,659 | €6,343 | ▼ 34.3% |
| Trade receivables40 | - | - | - | €6,115 | €12,285 | €7,659 | €6,343 | ▼ 17.2% |
| Other amounts receivable41 | - | - | - | €385 | €3,267 | €2,000 | - | - |
| Cash at bank and in hand54/58 | €95,619 | €44,326 | €45,581 | €11,313 | €3,821 | €19,689 | €13,962 | ▼ 29.1% |
| Deferred charges and accrued income490/1 | - | - | - | €389 | - | €1,520 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €131,106 | €91,669 | €82,195 | €57,059 | €56,600 | €67,283 | €50,617 | ▼ 24.8% |
| Equity10/15 | €64,313 | €72,033 | €73,778 | €41,213 | €39,035 | €33,988 | €27,782 | ▼ 18.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | - | - | - |
| Reserves13 | €58,113 | €65,833 | €67,578 | €40,812 | €40,812 | €40,812 | €40,812 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €38,952 | €38,952 | €40,812 | €40,812 | = |
| Profit (loss) carried forward14 | - | - | - | -€5,798 | -€7,976 | -€13,024 | -€19,230 | ▼ 47.7% |
| Amounts payable17/49 | €66,794 | €19,636 | €8,417 | €15,846 | €17,565 | €33,295 | €22,835 | ▼ 31.4% |
| Amounts payable after more than one year17 | €13,619 | €5,483 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €53,175 | €14,153 | €8,417 | €15,846 | €17,565 | €32,364 | €21,904 | ▼ 32.3% |
| Trade debts44 | €39,948 | €3,808 | €2,527 | €2,835 | €2,175 | €1,975 | €539 | ▼ 72.7% |
| Suppliers440/4 | - | - | - | €2,835 | €2,175 | €1,975 | €539 | ▼ 72.7% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €1,092 | €1,543 | ▲ 41.3% |
| Taxes450/3 | - | - | - | - | - | €1,092 | €1,543 | ▲ 41.3% |
| Other amounts payable47/48 | - | - | - | €13,011 | €15,390 | €29,297 | €19,823 | ▼ 32.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €931 | €931 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,450 | €7,720 | €1,745 | -€5,798 | -€2,178 | -€5,048 | -€6,206 | ▼ 23.0% |
| + Depreciation and write-downs630 | €12,467 | €10,762 | €10,053 | €2,271 | €3,202 | €18,898 | €14,103 | ▼ 25.4% |
| Operating cash flow (approximation) | €24,917 | €18,482 | €11,798 | -€3,527 | €1,024 | €13,851 | €7,897 | ▼ 43.0% |
| Investment in fixed assets (approximation) | - | -€25,188 | -€1,916 | -€10,240 | -€1,571 | -€18,086 | -€8,000 | ▲ 55.8% |
| Change in cash | - | -€51,293 | €1,254 | -€34,267 | -€7,492 | €15,868 | -€5,727 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 25-02-2026 | 2026-00043310 |
| 30-06-2024 | micro format | 28-02-2025 | 2025-00040795 |
| 30-06-2023 | micro format | 21-02-2024 | 2024-00032422 |
| 30-06-2022 | micro format | 22-02-2023 | 2023-00031071 |
| 30-06-2021 | micro format | 25-02-2022 | 2022-06500035 |
| 30-06-2020 | micro format | 26-02-2021 | 2021-06600243 |
| 30-06-2019 | micro format | 21-02-2020 | 2020-05400293 |
| 30-06-2018 | micro format | 28-02-2019 | 2019-06300595 |
| 30-06-2017 | micro format | 31-01-2018 | 2018-04200226 |
| 30-06-2016 | abbreviated format | 28-02-2017 | 2017-05600595 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 · 1 entry · €384 awarded · €384 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Phlips Klaas |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
20-07
Gazette deed
Resignation: Phlips Klaas (manager)Reappointment: Phlips Klaas (director) · Purpose change · Amendment of the articles9 facts ▸
- General meeting, 10-07-2023
- Other provision, “vrijstelling voorlezing verslag bestuurder over wijziging voorwerp, verslag van de bestuurder aangaande de wijziging van het voorwerp” (deed in Dutch)
- Purpose change
- Amendment of the articles (2 times)
- Capital conversion, “Vierde besluit vaststelling, van rechtswege omgezet” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, middelen beschikbaar voor uitkering” (deed in Dutch)
- Director resignation, Phlips Klaas (manager)
- Director reappointment, Phlips Klaas (director (not named in the articles))
- Registered office clause, “9404 Aspelare, Cyriel Prieelsstraat 277” (deed in Dutch)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0508.502.011
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41060B0581/00F000 | Flanders | 2,571 m² | 1 · 134 m² | 12.4 m · 3 |
| 41004A0733/00D000 | Flanders | 2,201 m² | 1 · 251 m² | 8.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De onderneming in onroerende goederen, zoals het kopen, verkopen, verhuren, huren, slopen, bouwen, verbouwen, opschikkend, decoreren…” (deed in Dutch)
34 activities (deed in Dutch)
- De onderneming in onroerende goederen, zoals het kopen, verkopen, verhuren, huren, slopen, bouwen, verbouwen, opschikkend, decoreren, restaureren, verkavelen, ruilen, uitrusten, verbeteren, afbreken en beheren van onroerende goederen, zowel bebouwde als onbebouwde, het nemen en afstaan van optierechten voor het kopen en het verkopen van deze goederen, alsook het aangaan van alle mogelijke onroerende contracten zoals onder meer erfpacht, opstal, vruchtgebruik en onroerende leasing.
- Het verrichten van alle handelingen als makelaar en expert-adviseur in onroerende goederen en bijhorende roerende goederen.
- Het optreden als verkavelaar, beheerder van onroerende goederen, syndicus van mede-eigendommen, rentmeester, bouwpromotor en bouwheer.
- Het optreden als makelaar of agent in verzekeringen, leningen en geldplaatsingen.
- Het verlenen van bijstand, advies en leiding, het verlenen van alle diensten op commercieel, financieel, fiscaal, sociaal en rechtskundig gebied, het geven van trainingen aan bedrijven, privé-personen en instellingen, voornamelijk doch niet uitsluitend op het vlak van management, marketing, productie en ontwikkeling, processing en het besturen van vennootschappen, dit alles in de meest ruime zin.
- Terzake kan de vennootschap zelf of als tussenpersoon alle hulpmiddelen verschaffen, bestuursfuncties waarnemen of laten waarnemen en diensten verlenen die direct of indirect verband houden met het voorgaande. Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt.
- Onderhoud van tuinen, tuinaanleg in de meest ruime zin.
- Landbouwactiviteiten in de meest ruime zin.
- Het stellen van aval, voorschotten en krediet, het verstrekken van hypothecaire en andere borgen tot waarborg van zowel eigen verbintenissen als verbintenissen van derden.
- Alle administratieve verrichtingen die het besturen van een onderneming met zich meebrengt. Het optreden als zaakvoeder, bestuurder en vereffenaar in andere vennootschappen en ondernemingen.
- Aan- en verkoop, de in- en uitvoer, de groot- en kleinhandel, de vertegenwoordiging, de distributie, het onderhoud en herstelling, van moto's, bromfietsen, personenwagens, auto's dubbel gebruik, minibussen, lichte vrachtwagens.
- Aan- en verkoop, de in- en uitvoer, de groot- en kleinhandel, de vertegenwoordiging, de distributie voor lederwaren, marokijnwaren, schoenen, brillen, lingerie, sportartikelen, textielwaren, machines, parfumerieartikelen, schoonheidsproducten, hygiëne, toiletartikelen, cosmetica, voedingswaren, van om het even welke goederen met uitzondering van alcoholische dranken met een alcoholgraad van meer dan twintig procent en met uitzondering van rookwaren.
- De vennootschap mag alle commerciële, industriële, financiële, roerende en onroerende verrichtingen doen die rechtstreeks of onrechtstreeks in verband staan met haar maatschappelijk voorwerp. Zij mag eveneens belangen verwerven bij wijze van inbreng, inschrijving of op een andere wijze in alle ondernemingen, verenigingen of vennootschappen die een gelijkaardig, analoog of aanverwant voorwerp nastreven of van wie het voorwerp van aard is dat van de vennootschap te bevorderen.
- Het verrichten van afbraakwerken, grondwerken, klinkerwerken, wegenwerken, openbare werken, rioleringswerken, alle binnen- en buitenwerken in verband met tuinen, parken, sportvelden, begraafplaatsen, tuinaanleg, tuinonderhoud.
- Verlichtingswerken – Rioleringswerken.
- Zwembaden, vijvers en andere waterwerken.
- De import en export, de commissiehandel in de aan- en verkoop van tuinmeubilair, tuinhuizen, tuinbergingen en tuinkantoren carports, tuinmeubilair en tuinbenodigdheden (verlichting, vuurschalen, …).
- Schrijnwerken, fabricatie en montage van buiten- en binnenschrijnwerk van hout of van kunststof of in metaal: alle type van deuren, vensters, trappen, kasten, tuinbergingen, tuinkantoren, wanden, poolhouses, carports, van deuren, vensters, trappen, kasten,…
- Installatie van store en zonneschermen.
- Schilder- en decoratiewerken, behangen, stofferen en plaatsen van wand- en vloerbekleding, het plaatsen van alle andere synthetische bedekkingen van muren en vloeren, het kalken van gebouwen en het bestrijken met kalk, plak- en plafoneringswerken, het isoleren tegen koude, warmte, geluid, water en vochtigheid.
- Het restaureren, het voegwerk, het onderhouden van gevels, het bouwen van stellingen.
- Rioleringswerken, water, elektriciteit- en gasvoorziening, het aanleggen van kabels en diverse leidingen, het aanleggen van centrale verwarming, ontwerp, fabricatie en plaatsing van badkamers.
- Het uitvoeren van kleine herstellingen aan gebouwen.
- Het plaatsen van afsluitingen.
- Het droogmaken van gebouwen.
- Het plaatsen van ijzerwerk, metalen luiken en metalen schrijnwerk.
- Het uitvoeren van dakwerken, het leveren en plaatsen van ramen en deuren.
- Het inrichten van woningen en bedrijfsruimtes.
- Verwarming en koeling (chauffagist).
- Sanitair.
- Ventilatie.
- Verven en lakken.
- Metaal.
- Algemene klusjes.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Phlips
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, één of meer bestuurders,natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten los van representatie-,reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft overdrager en helft koper(s) naar evenredigheid verworven aantal bij meer kopers,ook bij weigering…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “15, dag van openstelling intekening” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of December at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, recht algemene vergadering om één of meerdere vereffenaars aan te duiden,bevoegdheden te…” (deed in Dutch)