Equity
-€111,679
Debts exceed assets in financial year 2025.
PHNOM PENH
Lifetime
12 annual accounts with figures on one time axispeak €32,539 (2025)
€32,539▲ 192%
lowest -€47,671 (2017)
-€5,064▲ €2,633
peak €64,093 (2018)
-€111,679▼ €5,064
€400,733▼ 26.1%
peak 0 FTE (2016)
-not published
Board2 names since 2012
2 directorsCROCHET Emmanuel and 1 other
Owners
Documentsfilings and deeds
16-06-202645 days before the deadline
2025micro format
Gross margin from €11,132 to €32,539Loss of €5,064Debts from €542,609 to €400,733
Key points
from the 2025 annual accountsLosses
-€175,772 in seven years
Every financial year from 2019 to 2025 closed with a loss. 2023 was the heaviest.
Turnover
≈ €53,000 estimated
The accounts state no turnover.
Debts
€400,733 139% of the balance sheet
Financial debts 12%Suppliers 1%Taxes and wages 0%Other 86%
Of this, €352,899 falls due within a year.
Filings
12 annual accounts since 2014
Eight of the last ten came late. The 2018 accounts came latest: 142 days after the end of the period.
Position in the sector
-€111,679
Less equity than 94% of companies in real estate. Sector median €73,055 · 17,210 companies.
Checked score
53
Fair
Financially stronger than 16% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.5% 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 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025
03-2025: 1.3%▼ -0.1 percentage points vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.2%▼ -0.1 percentage points vs 05-2025
07-2025: 1.2%● unchanged vs 06-2025
08-2025: 1.3%▲ +0.1 percentage points vs 07-2025
09-2025: 1.4%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.5%▼ -0.9 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.4%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€111,679
Liquidity: current ratio 0.13, cash €620
lowers risk
Size: total assets €289,054
Legal form: general partnership
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 5% of them on solvency, 3% on liquidity, 24% on profitability and 34% 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 low class on 30-06-2025, 0.8% 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, 2,333 companies had the same profile as PHNOM PENH has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PHNOM PENH itself is lower: 0.5% within 12 months. It rests on far more data about PHNOM PENH 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 2,333 companies, not a prediction for PHNOM PENH. 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 credit on open account
Liquidity is insufficient, with a current ratio of 0.13 (0.38 in 2024), below 1. Short-term debt is 122.1% and cash 0.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€111,679
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 days early
2024
28 days late
2023
2 days early
2022
29 days late
2021
130 days late
2020
101 days late
2019
13 days late
← 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 36 days after 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 28 August (4 of the last 5 accounts filed within 73 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
CE
CROCHET Emmanuel
Director, since 12-07-2012
LT
LEJZEROWICZ Thierry
Director, since 12-07-2012
Recent changes
Registered office moved from Saint-Gilles to Uccle
New registered office: Avenue de Messidor, 12-1180 Uccle · Previous registered office: Rue Defacqz 126, 1060 Saint-Gilles · Board meeting of 29-09-2021 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0847609853
Incorporation
published on 02-08-2012 · Gazette deed
First establishment
Messidorlaan 12, Uccle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PHNOM PENH Uccle | €289,054 | €32,539 | -38.6% | - |
| BSX INVEST Beringen | €296,592 | €36,666 | 60.7% | - |
| SOLLY Rixensart | €342,653 | €36,144 | 15.0% | - |
| W.B.BOUW INVEST Zandhoven | €243,556 | €33,744 | 70.5% | - |
| BART SMET Harelbeke | €288,716 | €32,442 | 64.6% | - |
| B.S.L. Ranst | €261,059 | €37,437 | 44.0% | - |
| MICAVIM Marche-en-Famenne | €356,150 | €36,242 | 50.5% | - |
These companies have the same main activity as PHNOM PENH: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €244,000 and €356,000, founded between 2009 and 2013.
Official details
Source: KBO- Status
- Active since 24-07-2012Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.327.701.3771180 Uccle, since 24-07-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €289,054▼ 33.7%
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on PHNOM PENH
PHNOM PENH files the micro format. That format states no turnover. The gross margin rose from -€10,283 in 2014 to €32,539 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 PHNOM PENH
- What is the company number of PHNOM PENH?
- The company number of PHNOM PENH is 0847.609.853. The VAT number is the same number with BE in front: BE 0847.609.853.
- Where is PHNOM PENH based?
- The registered office is at Messidorlaan 12, 1180 Uccle.Company details
- What does PHNOM PENH do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of PHNOM PENH?
- PHNOM PENH is a general partnership (VOF).
- When was PHNOM PENH founded?
- PHNOM PENH was founded on 24-07-2012.
- Is PHNOM PENH still active?
- Yes, PHNOM PENH is an active enterprise in the KBO register.
- What is the turnover of PHNOM PENH?
- The turnover in financial year 2025 is ≈ €53,000. This figure is estimated from the gross margin of €32,539 and 51 comparable companies (NACE 682). It probably lies between €40,000 and €77,000.Financials
- Is PHNOM PENH profitable?
- In financial year 2025, PHNOM PENH made a loss of €5,064.
- Where can I find the annual accounts of PHNOM PENH?
- PHNOM PENH filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PHNOM PENH due?
- PHNOM PENH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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