Losses
-€15,087 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
PHLOX
Lifetime
7 annual accounts with figures on one time axispeak €166,926 (2022)
-€11,217▼ €10,466
lowest -€65,289 (2019)
-€11,909▼ €10,284
peak €21,915 (2022)
€6,829▼ 63.6%
€612,770▲ 4,863×
Board4 names since 2018
2 directorsRODTS Sofie Bernadette Willem and 1 other
Owners2 names in the annual accounts
50%SOKRIFIN
Documentsfilings and deeds
01-07-202630 days before the deadline
2025abbreviated format
Gross margin from -€751 to -€11,217Loss of €11,909Company renamed from ROWASOK to PHLOX 20-10Equity from €18,738 to €6,829Debts from €126 to €612,770Cash from €17,649 to €129,421
Key points
from the 2025 annual accountsDebts
€612,770 99% of the balance sheet
Financial debts 24%Suppliers 48%Other 27%
Of this, €461,418 falls due within a year.
Position in the sector
€6,829
Less equity than 81% of companies in real estate. Sector median €300,201 · 11,304 companies.
Turnover not published (abbreviated format)
Checked score
54
Fair
Financially stronger than 22% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Equity €6,829 (1.1% of total assets)
lowers risk
Size: total assets €619,599
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 01-07-2026)
Calculation
The band follows from the bankruptcy probability. 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). It does better than 21% of them on solvency, 28% on liquidity, 28% on profitability and 9% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 819 companies had the same profile as PHLOX has now. Each dot stands for 3 companies, two years later.
94.7%
were still trading
3.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PHLOX itself is lower: 0.1% within 12 months. It rests on far more data about PHLOX than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 819 companies, not a prediction for PHLOX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.34, below the usual 1.5. Short-term debt is 74.5% and cash 20.9% of total assets. 98.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€11,909
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 11299 sector peers (2025).
NBB · sector comparisonPosition among 11299 sector peers
Solvency
better than 19%
← weakest
strongest →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
30 days early
2024
44 days early
2023
19 days late
2022
40 days early
2021
on the day
2020
40 days early
2019
43 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GRIMASOF 50%score 94equity €1.8m (2025) · 2024 annual accounts of GRIMASOF
- SOKRIFIN 50%score 97equity €19.1m (2025) · 30-09-2025 annual accounts of SOKRIFIN
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0700947338
Company renamed from ROWASOK to PHLOX
Change of role: Sofie Rodts, from manager to director · Resignations: SOKRIFIN (manager) and GRIMASOF (manager) · “De studie en de uitvoering van alle mogelijke bouwwerken, als algemene aannemer of in onderaanneming, het…” (deed in Dutch) · General meeting of 13-10-2025 · Gazette deed
Registered office moved within Kortrijk
New registered office: Bad Godesberglaan 32 te 8500 Kortrijk · Previous registered office: Koning Leopold III-laan 21, 8500 Kortrijk, België · Board meeting of 21-10-2019 · Gazette deed
First establishment
Bad Godesberglaan 32, Kortrijk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PHLOX Kortrijk | €619,599 | -€11,217 | 1.1% | - |
| VERSTRAETE BOUWPROJECTEN Kortrijk | €726,805 | -€95,924 | -8.1% | - |
| JMC Invest Koksijde | €596,932 | -€21,774 | 99.3% | - |
| ALTOHAUS Bruges | €640,177 | -€4,316 | 6.8% | - |
| STEELAND PROJECTS Bruges | €739,204 | -€5,498 | 98.4% | - |
| HOUSE OF FLANDERS Dentergem | €700,265 | -€11,941 | -9.0% | - |
| PARKZICHT CONSTRUCT Waregem | €550,224 | -€83,529 | 79.0% | - |
These companies have the same main activity as PHLOX: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €550,000 and €739,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 17-08-2018Normal situation
- Activity
- Development of residential building projectsNACE 68121and 3 others
- Establishment unit
- 2.281.546.9958500 Kortrijk, since 13-11-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- €619,599▲ 33×
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on PHLOX
PHLOX files the abbreviated format. That format states no turnover. The gross margin rose from -€19,329 in 2019 to -€11,217 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PHLOX
- What is the company number of PHLOX?
- The company number of PHLOX is 0700.947.338. The VAT number is the same number with BE in front: BE 0700.947.338.
- Where is PHLOX based?
- The registered office is at Bad Godesberglaan 32, 8500 Kortrijk.Company details
- What does PHLOX do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of PHLOX?
- PHLOX is a private limited company (BV).
- When was PHLOX founded?
- PHLOX was founded on 17-08-2018.
- Is PHLOX still active?
- Yes, PHLOX is an active enterprise in the KBO register.
- What is the turnover of PHLOX?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is PHLOX profitable?
- In financial year 2025, PHLOX made a loss of €11,909.
- Where can I find the annual accounts of PHLOX?
- PHLOX filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PHLOX due?
- PHLOX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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