PhLM
ActiveSummary
PhLM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,769 and a net result of -€10,044. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 548 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-22
Solvency56▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.25 in 2024; short-term debt: 69.2% and cash: 16.7% of total assets), and 69.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← 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
30.8%
Return on assets
-3.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
5 d late
2023
5 d early
2022
61 d early
2021
19 d late
2020
61 d early
2019
90 d 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 2 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 company by total assets in Jalhay, Manufacturing sector#4 oldest company in Jalhay, Manufacturing sector
Equity
€90,769▼ 11.5%
2024 · €102,529
Total assets
€294,396▼ 7.9%
2024 · €319,693
Net result
-€10,044
2024 · €4,129
Working capital
-€145,679▲ 11.0%
2024 · -€163,657
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,017▼ 52.4%€6,535▼ 56.5%€14,093▲ 116%€11,102▼ 21.2%-€4,465
Net result€11,892within the sector's middle half▼ 62.7%€3,597within the sector's middle half▼ 69.8%€10,728within the sector's middle half▲ 198%€4,129within the sector's middle half▼ 61.5%-€10,044below the sector's middle half
Equity€75,059within the sector's middle half▲ 17.3%€77,856within the sector's middle half▲ 3.7%€100,115within the sector's middle half▲ 28.6%€102,529within the sector's middle half▲ 2.4%€90,769within the sector's middle half▼ 11.5%
Total assets€328,865within the sector's middle half▼ 16.7%€331,336within the sector's middle half▲ 0.8%€331,921within the sector's middle half▲ 0.2%€319,693within the sector's middle half▼ 3.7%€294,396within the sector's middle half▼ 7.9%
Debt€253,806▼ 23.3%€253,481▼ 0.1%€231,806▼ 8.6%€217,165▼ 6.3%€203,627▼ 6.2%
Working capital-€175,832below the sector's middle half▲ 42.3%-€201,986below the sector's middle half▼ 14.9%-€175,850below the sector's middle half▲ 12.9%-€163,657below the sector's middle half▲ 6.9%-€145,679below the sector's middle half▲ 11.0%
Solvency22.8%within the sector's middle half▲ 6.6pp23.5%within the sector's middle half▲ 0.7pp30.2%within the sector's middle half▲ 6.7pp32.1%within the sector's middle half▲ 1.9pp30.8%within the sector's middle half▼ 1.2pp
Current ratio0.31below the sector's middle half▲ 0.230.20below the sector's middle half▼ 0.100.24below the sector's middle half▲ 0.040.25below the sector's middle half=0.28below the sector's middle half▲ 0.04
Return on assets (ROA)3.6%within the sector's middle half▼ 4.5pp1.1%within the sector's middle half▼ 2.5pp3.2%within the sector's middle half▲ 2.1pp1.3%within the sector's middle half▼ 1.9pp-3.4%below the sector's middle half▼ 4.7pp
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4,465 after €11,102 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €294,396
Fixed assets
€236,448 ▼ 11.2%
Current assets
€57,948 ▲ 8.3%
Equity and liabilities €294,396
Equity
€90,769 ▼ 11.5%
Debt
€203,627 ▼ 6.2%
Debt's share of the balance-sheet total rises from 67.9% to 69.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€28,553▼
2024 · €42,646
Cash flow
€22,974▼
2024 · €35,673
Quick ratio
0.28▲
2024 · 0.24
Debt to equity
2.24▲
2024 · 2.12
ROE
-11.1%▼
2024 · 4.0%
Interest coverage
4.02▼
2024 · 6.51
Debt ≤ 1 year
€203,627▼
2024 · €217,165
Income taxes
€312▼
2024 · €1,806
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 12,321 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,390 | €25,958 | €30,023 | €31,545 | €33,018 | ▲ 4.7% |
| Other operating charges640/8 | €932 | €8,131 | €3,515 | €1,322 | €3,496 | ▲ 165% |
| Gross operating margin9900 | €37,339 | €40,624 | €47,631 | €43,968 | €32,050 | ▼ 27.1% |
| Operating profit (loss)9901 | €15,017 | €6,535 | €14,093 | €11,102 | -€4,465 | ▼ 140% |
| Financial income75/76B | €868 | €694 | €5,913 | €1,382 | €1,837 | ▲ 32.9% |
| Recurring financial income75 | €868 | €694 | €5,913 | €1,382 | €1,837 | ▲ 32.9% |
| Financial charges65/66B | €2,633 | €3,112 | €4,477 | €6,549 | €7,104 | ▲ 8.5% |
| Recurring financial charges65 | €2,633 | €3,112 | €4,477 | €6,549 | €7,104 | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | €13,252 | €4,117 | €15,530 | €5,935 | -€9,732 | ▼ 264% |
| Income taxes67/77 | €1,360 | €520 | €4,802 | €1,806 | €312 | ▼ 82.7% |
| Profit (loss) for the period9904 | €11,892 | €3,597 | €10,728 | €4,129 | -€10,044 | ▼ 343% |
| Profit (loss) for the period to be appropriated9905 | €11,892 | €3,597 | €10,728 | €4,129 | -€10,044 | ▼ 343% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €328,865 | €331,336 | €331,921 | €319,693 | €294,396 | ▼ 7.9% |
| Fixed assets21/28 | €250,891 | €279,842 | €275,965 | €266,186 | €236,448 | ▼ 11.2% |
| Tangible fixed assets22/27 | €250,891 | €279,842 | €275,965 | €266,186 | €236,448 | ▼ 11.2% |
| Land and buildings22 | €240,605 | €231,559 | €231,528 | €215,274 | €199,019 | ▼ 7.6% |
| Plant, machinery and equipment23 | €9,015 | €5,887 | €11,903 | €28,241 | €24,620 | ▼ 12.8% |
| Furniture and vehicles24 | €1,270 | €42,397 | €32,534 | €22,671 | €12,808 | ▼ 43.5% |
| Current assets29/58 | €77,973 | €51,494 | €55,956 | €53,508 | €57,948 | ▲ 8.3% |
| Stocks and contracts in progress3 | €7,620 | €3,192 | €562 | €599 | €1,515 | ▲ 153% |
| Stocks30/36 | €7,620 | €3,192 | €562 | €599 | €1,515 | ▲ 153% |
| Contracts in progress37 | €0 | €0 | €0 | - | €0 | - |
| Amounts receivable within one year40/41 | €14,054 | €9,940 | €4,887 | €6,609 | €5,554 | ▼ 16.0% |
| Trade receivables40 | €6,928 | €8,176 | €1,060 | €1,156 | €748 | ▼ 35.3% |
| Other amounts receivable41 | €7,126 | €1,764 | €3,827 | €5,453 | €4,806 | ▼ 11.9% |
| Cash at bank and in hand54/58 | €55,492 | €35,609 | €49,328 | €44,971 | €49,306 | ▲ 9.6% |
| Deferred charges and accrued income490/1 | €807 | €2,753 | €1,180 | €1,329 | €1,572 | ▲ 18.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €328,865 | €331,336 | €331,921 | €319,693 | €294,396 | ▼ 7.9% |
| Equity10/15 | €75,059 | €77,856 | €100,115 | €102,529 | €90,769 | ▼ 11.5% |
| Contributions10/11 | €12,400 | €12,400 | €14,260 | €14,260 | €14,260 | = |
| Reserves13 | €13,752 | €17,349 | €26,217 | €30,346 | €30,346 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €11,892 | €15,489 | €26,217 | €30,346 | €30,346 | = |
| Profit (loss) carried forward14 | €48,907 | €48,107 | €47,274 | €46,441 | €35,564 | ▼ 23.4% |
| Investment grants15 | - | - | €12,364 | €11,482 | €10,599 | ▼ 7.7% |
| Amounts payable17/49 | €253,806 | €253,481 | €231,806 | €217,165 | €203,627 | ▼ 6.2% |
| Amounts payable within one year42/48 | €253,806 | €253,481 | €231,806 | €217,165 | €203,627 | ▼ 6.2% |
| Financial debts43 | €64,795 | €77,137 | €80,592 | €85,117 | €104,956 | ▲ 23.3% |
| Credit institutions430/8 | €64,795 | €77,137 | €80,592 | €85,117 | €104,956 | ▲ 23.3% |
| Trade debts44 | €1,441 | €8,296 | €3,473 | €5,555 | €5,679 | ▲ 2.2% |
| Suppliers440/4 | €1,441 | €8,296 | €3,473 | €5,555 | €5,679 | ▲ 2.2% |
| Advances received on contracts in progress46 | €5,032 | €0 | - | - | €3,884 | - |
| Taxes, remuneration and social security45 | €22,854 | €1,676 | €2,095 | €2,189 | €2,374 | ▲ 8.4% |
| Taxes450/3 | €22,854 | €1,676 | €2,095 | €2,189 | €2,374 | ▲ 8.4% |
| Other amounts payable47/48 | €159,684 | €166,373 | €145,646 | €124,303 | €86,734 | ▼ 30.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,892 | €3,597 | €10,728 | €4,129 | -€10,044 | ▼ 343% |
| + Depreciation and write-downs630 | €21,390 | €25,958 | €30,023 | €31,545 | €33,018 | ▲ 4.7% |
| Operating cash flow (approximation) | €33,283 | €29,555 | €40,751 | €35,673 | €22,974 | ▼ 35.6% |
| Investment in fixed assets (approximation) | - | -€54,909 | -€26,146 | -€21,765 | -€3,280 | ▲ 84.9% |
| Change in cash | - | -€19,883 | €13,719 | -€4,357 | €4,336 | ▲ 200% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €100,115 ▲28.6%
4 profitable years in a row build equity to €100,115.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €31,909
Net result €31,909 after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet -€24,655
Net result drops to -€24,655, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State 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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Directors · office · real estate
Directors
2 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, Jalhay · 1 establishment unit since 2006
Ground area
1,098 m²
Parcel 63068B0997/00D002, Wallonia. Linked by address, not a title deed.
1 establishment unit
PhLM
since 20062.153.534.612
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63068B0997/00D002 | Wallonia | 1,098 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,599 companies in sector 16230 we hold annual accounts for 784. 617 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
25120Manufacture of fabricated metal products, except machinery and equipment
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881217482
Also
9925:BE0881217482
Registered
30-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.