PHLV
ActiveSummary
The computed 12-month bankruptcy probability of PHLV is 2.0% (moderate). The 2025 annual accounts show negative equity (-€56,671) and a net result of -€54,664. Its solvency ranks better than 17% of 22,679 sector peers (NACE 47, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€56,671
- Loss
- -€54,664
- LEFEBURE Vincent Willy MilouDirector
Why 52raises riskSector: Retail trade (NACE 47)Loss of €54,664, the second in a row (financial year 2025)Negative equity -€56,671lowers riskSize: total assets €363,992Show the evidence
Checked score
About 2 in 100 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 47, micro): better than 15% on solvency, 37% on liquidity, 6% on profitability and 1% on growth.
The bankruptcy probability was computed on 30-10-2026 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 2 accounts on average 26 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Registered officeRegistered-office move
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €51,309 in 2025 against €26,280 in 2024; the loss grows.
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 47, Retail trade: 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 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.9% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,445 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 7,639 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,213 | €36,301 | ▲ 762% |
| Other operating charges640/8 | €264 | €1,520 | ▲ 475% |
| Gross operating margin9900 | -€21,802 | -€13,488 | ▲ 38.1% |
| Operating profit (loss)9901 | -€26,280 | -€51,309 | ▼ 95.2% |
| Financial income75/76B | €17 | €49 | ▲ 192% |
| Recurring financial income75 | €17 | €49 | ▲ 192% |
| Financial charges65/66B | €743 | €3,404 | ▲ 358% |
| Recurring financial charges65 | €743 | €3,404 | ▲ 358% |
| Profit (loss) for the period before taxes9903 | -€27,006 | -€54,664 | ▼ 102% |
| Profit (loss) for the period9904 | -€27,006 | -€54,664 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | -€27,006 | -€54,664 | ▼ 102% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €65,504 | €363,992 | ▲ 456% |
| Fixed assets21/28 | €54,787 | €356,050 | ▲ 550% |
| Intangible fixed assets21 | €25,787 | €22,787 | ▼ 11.6% |
| Tangible fixed assets22/27 | €29,000 | €333,263 | ▲ 11× |
| Land and buildings22 | €29,000 | €333,263 | ▲ 11× |
| Current assets29/58 | €10,717 | €7,942 | ▼ 25.9% |
| Amounts receivable within one year40/41 | €718 | €3,862 | ▲ 438% |
| Other amounts receivable41 | €718 | €3,862 | ▲ 438% |
| Cash at bank and in hand54/58 | €9,999 | €4,081 | ▼ 59.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €65,504 | €363,992 | ▲ 456% |
| Equity10/15 | -€2,006 | -€56,671 | ▼ 2,725% |
| Contributions10/11 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€27,006 | -€81,671 | ▼ 202% |
| Amounts payable17/49 | €67,510 | €420,663 | ▲ 523% |
| Amounts payable after more than one year17 | €25,000 | €312,594 | ▲ 13× |
| Financial debts170/4 | €25,000 | €312,594 | ▲ 13× |
| Amounts payable within one year42/48 | €42,510 | €108,069 | ▲ 154% |
| Current portion of amounts payable after more than one year42 | - | €10,664 | - |
| Trade debts44 | - | €30,000 | - |
| Suppliers440/4 | - | €30,000 | - |
| Other amounts payable47/48 | €42,510 | €67,405 | ▲ 58.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€27,006 | -€54,664 | ▼ 102% |
| + Depreciation and write-downs630 | €4,213 | €36,301 | ▲ 762% |
| Operating cash flow (approximation) | -€22,793 | -€18,363 | ▲ 19.4% |
| Investment in fixed assets (approximation) | - | -€337,564 | - |
| Change in cash | - | -€5,918 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 26-06-2026 | 2026-00216862 |
| 31-12-2024 | abbreviated format | 15-07-2025 | 2025-00279529 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| LEFEBURE Vincent Willy Milou |
|
Owners and capital
Capital and shareholders
- LEFEBURE Vincent Willy Milou sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 11-07-2023 Incorporation · €25,000 · 250 shares
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
09-04
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 18-03-2024
- Registered-office move, Sint-Amandsesteenweg 212, 2880 Bornem
11-07
Gazette deed
IncorporationAppointment: LEFEBURE Vincent Willy Milou (statutory director) · Founder · Founding capital7 facts ▸
- Incorporation, 14-06-2023
- Founder, LEFEBURE Vincent Willy Milou
- Founding capital, €25,000
- Bank account, “BNP Paribas Fortis, vennootschap in oprichting” (deed in Dutch)
- Director appointment, LEFEBURE Vincent Willy Milou (statutory director)
- Registered office clause, “3000 Leuven,Brusselsestraat 256 bus 0101” (deed in Dutch)
- Other provision, “exclusief btw, kosten oprichting ten laste vennootschap” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12362E0068/00H003 | Flanders | 372 m² | 1 · 154 m² | 10.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het oprichten,overnemen en uitbaten van apotheken,aankoop en verkoop,in- en uitvoer,fabricatie in het groot en in het klein van…” (deed in Dutch)
9 activities (deed in Dutch)
- Het oprichten,overnemen en uitbaten van apotheken,aankoop en verkoop,in- en uitvoer,fabricatie in het groot en in het klein van scheikundige,farmaceutische en para-farmaceutische artikelen
- De handel in kruiden,drogisterij-,parfumerie-,schoonheids-,toilet-,verband-,dieet,laboratorium-,optische en onderhoudsartikelen en aanverwante producten of diensten
- Het ondernemen van industriële en klinische ontledingen
- Alle mogelijke advies en/of dienstenfuncties op voormelde gebieden
- Iedere handelsbedrijvigheid welke met de gezondheidszorg verband houdt,in de ruimste zin genomen
- Alle mogelijke advies en/of dienstenfuncties op voormelde gebieden
- Consultancy,opleiding,technische expertise en bijstand op voornoemd(e) gebied(en)
- Het geven van advies en verstrekken van diensten met betrekking tot de organisatie en het beheer van bedrijven die op die domeinen actief zijn,de vertegenwoordiging en het optreden als commercieel tussenpersoon
- Het aanleggen,het oordeelkundig beheer en het uitbreiden van een roerend en onroerend vermogen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PHLV
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of…” (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.
- “Met of zonder beperking van duur, één of meer” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft koper(s),naar evenredigheid aantal bij meerdere kopers, elke overdracht onder levenden ten bezwarende of kosteloze…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Monday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)