PHLOX
ActiveSummary
The annual accounts of PHLOX for fiscal year 2025 show a net loss of 64% of the equity at the start of that year. The 2025 annual accounts show equity of €7k and a net result of €-12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 9234 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+17
Solvency26▼-74
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; 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 tight (current ratio 1.34; short-term debt: 74.5% and cash: 20.9% of total assets), and 98.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
Real estate activities (NACE 68)
about 43% fewer 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
1.1%
Return on assets
-1.9%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 €-12k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 18%
← 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 d early
2024
44 d early
2023
19 d late
2022
40 d early
2021
on the day
2020
40 d early
2019
43 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€7k▼ 63.6%
2024 · €19k
Total assets
€620k▲ 3,185%
2024 · €19k
Net result
€-12k▼ 633%
2024 · €-2k
Working capital
€158k▲ 721%
2023 · €19k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-723▲ 93.0%€166k€-1k€-1k▼ 7.2%€-12k▼ 833%
Net result€6k€149k▲ 2,343%€-2k€-2k▼ 4.7%€-12k▼ 633%
Equity€-97k▲ 5.9%€22k€20k▼ 7.1%€19k▼ 8.0%€7k▼ 63.6%
Total assets€6.91M▲ 23.2%€63k▼ 99.1%€21k▼ 67.3%€19k▼ 8.2%€620k▲ 3,185%
Debt€7.00M▲ 22.7%€41k▼ 99.4%€175▼ 99.6%€126▼ 27.8%€613k▲ 486,226%
Working capital€-98k▲ 15.5%€21k€19k▼ 6.9%€158k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €1k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €620k
Equity
€7k ▼ 63.6%
Debt
€613k ▲ 486,226%
Debt's share of the balance-sheet total rises from 0.7% to 98.9%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.34
Quick ratio
0.30
Debt to equity
89.73▲
2024 · 0.01
ROE
-174.4%▼
2024 · -8.7%
ROA
-1.9%▲
2024 · -8.6%
Debt ≤ 1 year
€461k
Debt > 1 year
€150k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1k | €980 | €1k | €513 | €578 | ▲ 12.5% |
| Gross operating margin9900 | €282 | €167k | €-104 | €-751 | €-11k | ▼ 1,393% |
| Operating profit (loss)9901 | €-723 | €166k | €-1k | €-1k | €-12k | ▼ 833% |
| Financial income75/76B | €11k | €56 | - | €60 | €3k | ▲ 4,437% |
| Recurring financial income75 | €11k | €56 | - | €60 | €3k | ▲ 4,437% |
| Financial charges65/66B | €4k | €1k | €429 | €420 | €3k | ▲ 569% |
| Recurring financial charges65 | €4k | €1k | €429 | €420 | €3k | ▲ 569% |
| Profit (loss) for the period before taxes9903 | €6k | €165k | €-2k | €-2k | €-12k | ▼ 633% |
| Income taxes67/77 | - | €16k | €-56 | - | - | - |
| Profit (loss) for the period9904 | €6k | €149k | €-2k | €-2k | €-12k | ▼ 633% |
| Profit (loss) for the period to be appropriated9905 | €6k | €149k | €-2k | €-2k | €-12k | ▼ 633% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.91M | €63k | €21k | €19k | €620k | ▲ 3,185% |
| Fixed assets21/28 | €1k | €1k | €1k | €1k | - | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | - | - |
| Current assets29/58 | €6.90M | €62k | €19k | €18k | €620k | ▲ 3,408% |
| Stocks and contracts in progress3 | €6.69M | - | - | - | €482k | - |
| Stocks30/36 | €6.69M | - | - | - | €482k | - |
| Amounts receivable within one year40/41 | €99k | €5k | €3k | €15 | €8k | ▲ 52,516% |
| Trade receivables40 | €926 | €1k | - | - | - | - |
| Other amounts receivable41 | €98k | €4k | €3k | €15 | €8k | ▲ 52,516% |
| Cash at bank and in hand54/58 | €117k | €57k | €16k | €18k | €129k | ▲ 633% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.91M | €63k | €21k | €19k | €620k | ▲ 3,185% |
| Equity10/15 | €-97k | €22k | €20k | €19k | €7k | ▼ 63.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-103k | €16k | €14k | €13k | €629 | ▼ 95.0% |
| Amounts payable17/49 | €7.00M | €41k | €175 | €126 | €613k | ▲ 486,226% |
| Amounts payable after more than one year17 | - | - | - | - | €150k | - |
| Financial debts170/4 | - | - | - | - | €150k | - |
| Amounts payable within one year42/48 | €7.00M | €41k | €60 | - | €461k | - |
| Trade debts44 | €20k | €11k | €60 | - | €296k | - |
| Suppliers440/4 | €20k | €11k | €60 | - | €296k | - |
| Advances received on contracts in progress46 | €6.98M | - | - | - | - | - |
| Other amounts payable47/48 | - | €30k | - | - | €165k | - |
| Accrued charges and deferred income492/3 | - | - | €115 | €126 | €1k | ▲ 973% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €149k | €-2k | €-2k | €-12k | ▼ 633% |
| Operating cash flow (approximation) | €6k | €149k | €-2k | €-2k | €-12k | ▼ 633% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €-60k | €-40k | €2k | €112k | ▲ 7,321% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
31-12
Financial
Liquidity times 216current ratio 324.95
Current ratio from 1.51 to 324.95; short-term debt falls from €41k to €60.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2019net €149k ▲2,343%
Operating result €166k, net result €149k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Kortrijk · 1 establishment unit since 2018
Ground area
1.1 ha
Building footprint
461 m²
Volume, LiDAR
2,014 m³
Parcel 34354C0608/00C000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Phlox
since 20182.281.546.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0608/00C000 | Flanders | 1.1 ha | 1 · 461 m² | 8.8 m · 2 fl. |
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 9,698 companies in sector 68121 we hold annual accounts for 7,384. 2,604 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
Founded17-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
71113Urban planning and landscape architecture
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.