PHOCON
ActiveSummary
PHOCON has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €257,414 and a net result of €46,451. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 11.29 against 15.96 in 2024; short-term debt: 8.9% and cash: 34.3% of total assets), and 8.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.1%
Return on assets
16.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
9 d early
2023
7 d early
2022
3 d early
2021
30 d late
2020
17 d late
2019
on the day
← 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 4 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€257,414▲ 22.0%
2024 · €210,962
Total assets
€282,429▲ 21.4%
2024 · €232,693
Net result
€46,451▲ 2.6%
2024 · €45,252
Working capital
€257,414▲ 18.2%
2024 · €217,702
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€49,953▼ 17.2%€39,475▼ 21.0%€49,858▲ 26.3%€64,359▲ 29.1%€63,686▼ 1.0%
Net result€32,792▼ 36.0%€26,224▼ 20.0%€32,325▲ 23.3%€45,252▲ 40.0%€46,451▲ 2.6%
Equity€165,044=€133,385▼ 19.2%€165,710▲ 24.2%€210,962▲ 27.3%€257,414▲ 22.0%
Total assets€239,249▲ 4.5%€259,195▲ 8.3%€286,012▲ 10.3%€232,693▼ 18.6%€282,429▲ 21.4%
Debt€132,088▲ 95.2%€125,810▼ 4.8%€120,302▼ 4.4%€21,731▼ 81.9%€25,016▲ 15.1%
Working capital€108,803▼ 35.9%€129,440▲ 19.0%€168,612▲ 30.3%€217,702▲ 29.1%€257,414▲ 18.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €282,429
Equity
€257,414 ▲ 22.0%
Debt
€25,016 ▲ 15.1%
Debt's share of the balance-sheet total falls from 9.3% to 8.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64,129▼
2024 · €65,247
Cash flow
€46,894▲
2024 · €46,141
Current ratio
11.29▼
2024 · 15.96
Debt to equity
0.10▼
2024 · 0.10
ROE
18.0%▼
2024 · 21.5%
ROA
16.4%▼
2024 · 19.4%
Interest coverage
352.55▲
2024 · 21.21
Debt ≤ 1 year
€25,016▲
2024 · €14,548
Income taxes
€17,767▲
2024 · €17,300
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,024 | €8,002 | €6,525 | €888 | €443 | ▼ 50.1% |
| Other operating charges640/8 | - | €2,468 | €2,511 | €1,039 | €1,068 | ▲ 2.7% |
| Gross operating margin9900 | €60,215 | €49,945 | €58,894 | €66,286 | €65,197 | ▼ 1.6% |
| Operating profit (loss)9901 | €49,953 | €39,475 | €49,858 | €64,359 | €63,686 | ▼ 1.0% |
| Financial income75/76B | - | €2,129 | €545 | €1,271 | €714 | ▼ 43.8% |
| Recurring financial income75 | €28 | €2,129 | €545 | €1,271 | €714 | ▼ 43.8% |
| Financial charges65/66B | - | €5,307 | €4,857 | €3,076 | €182 | ▼ 94.1% |
| Recurring financial charges65 | €4,759 | €5,307 | €4,857 | €3,076 | €182 | ▼ 94.1% |
| Profit (loss) for the period before taxes9903 | €45,743 | €36,298 | €45,547 | €62,553 | €64,219 | ▲ 2.7% |
| Income taxes67/77 | €13,376 | €10,074 | €13,221 | €17,300 | €17,767 | ▲ 2.7% |
| Profit (loss) for the period9904 | €32,792 | €26,224 | €32,325 | €45,252 | €46,451 | ▲ 2.6% |
| Profit (loss) for the period to be appropriated9905 | €32,792 | €26,224 | €32,325 | €45,252 | €46,451 | ▲ 2.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €239,249 | €259,195 | €286,012 | €232,693 | €282,429 | ▲ 21.4% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €20,125 | €7,856 | €1,331 | €443 | €0 | ▼ 100% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €20,125 | €7,856 | €1,331 | €443 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €2,493 | €1,331 | €443 | €0 | ▼ 100% |
| Leasing and similar rights25 | - | €5,363 | €0 | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €225,263 | €251,339 | €284,681 | €232,250 | €282,429 | ▲ 21.6% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €35,474 | €13,413 | €38,126 | €38,121 | €25,474 | ▼ 33.2% |
| Trade receivables40 | - | €10,890 | €38,115 | €38,115 | €25,410 | ▼ 33.3% |
| Other amounts receivable41 | - | €2,523 | €11 | €6 | €64 | ▲ 915% |
| Current investments50/53 | €0 | - | - | - | €160,000 | - |
| Cash at bank and in hand54/58 | €197,835 | €236,572 | €245,000 | €192,575 | €96,955 | ▼ 49.7% |
| Deferred charges and accrued income490/1 | - | €1,354 | €1,554 | €1,554 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €239,249 | €259,195 | €286,012 | €232,693 | €282,429 | ▲ 21.4% |
| Equity10/15 | €165,044 | €133,385 | €165,710 | €210,962 | €257,414 | ▲ 22.0% |
| Contributions10/11 | - | €26,400 | €26,400 | €20,000 | €20,000 | = |
| Reserves13 | €80,761 | €106,985 | €139,310 | €190,962 | €237,414 | ▲ 24.3% |
| Non-distributable reserves130/1 | - | €1,800 | €1,800 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,800 | €1,800 | €0 | - | - |
| Distributable reserves133 | - | €105,185 | €137,510 | €190,962 | €237,414 | ▲ 24.3% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €132,088 | €125,810 | €120,302 | €21,731 | €25,016 | ▲ 15.1% |
| Amounts payable after more than one year17 | €24,733 | - | - | - | - | - |
| Amounts payable within one year42/48 | €116,461 | €121,899 | €116,068 | €14,548 | €25,016 | ▲ 71.9% |
| Current portion of amounts payable after more than one year42 | - | €12,698 | €0 | - | - | - |
| Trade debts44 | €133 | €1,377 | €629 | €525 | €515 | ▼ 1.8% |
| Suppliers440/4 | - | €1,377 | €629 | €525 | €515 | ▼ 1.8% |
| Taxes, remuneration and social security45 | - | €11,132 | €23,021 | €12,528 | €14,383 | ▲ 14.8% |
| Taxes450/3 | - | €11,132 | €23,021 | €12,528 | €14,383 | ▲ 14.8% |
| Other amounts payable47/48 | - | €96,692 | €92,418 | €1,495 | €10,117 | ▲ 577% |
| Accrued charges and deferred income492/3 | - | €3,912 | €4,234 | €7,183 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,792 | €26,224 | €32,325 | €45,252 | €46,451 | ▲ 2.6% |
| + Depreciation and write-downs630 | €8,024 | €8,002 | €6,525 | €888 | €443 | ▼ 50.1% |
| Operating cash flow (approximation) | €40,816 | €34,226 | €38,850 | €46,141 | €46,894 | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | €4,267 | €0 | €0 | €0 | - |
| Change in cash | - | €38,737 | €8,429 | -€52,426 | -€95,619 | ▼ 82.4% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity times 7current ratio 15.96
Current ratio from 2.45 to 15.96; short-term debt falls from €116,068 to €14,548.
31-03
Financial
Equity above €200,000Eq €210,962 ▲27.3%
6 profitable years in a row build equity to €210,962.
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €150,000Eq €165,710 ▲24.2%
5 profitable years in a row build equity to €165,710.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €26,224 ▼20%
Net result drops to €26,224, the lowest in the series; recovery starts the following year.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
31-03
Financial
Equity above €150,000Eq €165,044 ▲24.4%
2 profitable years in a row build equity to €165,044.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Merelbeke-Melle · 1 establishment unit since 2003
Ground area
986 m²
Building footprint
209 m²
Volume, LiDAR
1,186 m³
Parcel 44412B0575/00E000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bergbosstraat 224, 9820 Merelbeke-Melle
since 20032.114.780.043
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0575/00E000 | Flanders | 986 m² | 1 · 209 m² | 9.6 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 11,577 companies in sector 71121 we hold annual accounts for 6,563. 4,989 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
Founded27-12-2002
Fiscal year end31-03
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.