Phoenix
ActiveSummary
Phoenix has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€12,632) and a net result of -€7,264. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 1660 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-42
Solvency0▼-10
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 0.5 in 2024; short-term debt: 113.5% and cash: 1.1% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-43.6%
Return on assets
-25.1%
Age of the figures
9 mo
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
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 -€12,632
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
30 d late
2022
18 d late
2021
30 d late
2020
18 d late
2019
131 d late
← 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 41 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€12,632▼ 135%
2024 · -€5,368
Total assets
€28,994▼ 20.1%
2024 · €36,292
Net result
-€7,264
2024 · €6,670
Working capital
-€19,749▲ 3.7%
2024 · -€20,513
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,078€8,763▼ 27.4%-€16,015€7,576-€6,453
Net result€12,063within the sector's middle half€7,357within the sector's middle half▼ 39.0%-€16,266below the sector's middle half€6,670within the sector's middle half-€7,264below the sector's middle half
Equity-€3,128below the sector's middle half▲ 79.4%€4,229below the sector's middle half-€12,037below the sector's middle half-€5,368below the sector's middle half▲ 55.4%-€12,632below the sector's middle half▼ 135%
Total assets€15,126below the sector's middle half▲ 3,239%€21,995below the sector's middle half▲ 45.4%€30,422below the sector's middle half▲ 38.3%€36,292below the sector's middle half▲ 19.3%€28,994below the sector's middle half▼ 20.1%
Debt€18,254▲ 16.7%€17,766▼ 2.7%€42,459▲ 139%€41,660▼ 1.9%€41,626▼ 0.1%
Working capital-€3,128▲ 79.4%€2,150-€28,676-€20,513▲ 28.5%-€19,749▲ 3.7%
Solvency-20.7%below the sector's middle half19.2%below the sector's middle half▲ 39.9pp-39.6%below the sector's middle half▼ 58.8pp-14.8%below the sector's middle half▲ 24.8pp-43.6%below the sector's middle half▼ 28.8pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,453 after €7,576 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28,994
Fixed assets
€15,849 ▲ 2.4%
Current assets
€13,145 ▼ 36.8%
Key figures and ratios
EBITDA
€20,260▲
2024 · €12,410
Cash flow
€19,449▲
2024 · €11,504
Current ratio
0.40▼
2024 · 0.50
Debt to equity
-3.30▲
2024 · -7.76
ROA
-25.1%▼
2024 · 18.4%
Interest coverage
37.08▼
2024 · 66.34
Debt ≤ 1 year
€32,894▼
2024 · €41,322
Debt > 1 year
€8,732▲
2024 · €338
Income taxes
€266▼
2024 · €720
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,940 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,680 | €903 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,454 | €3,358 | €4,834 | €26,713 | ▲ 453% |
| Other operating charges640/8 | €1,239 | €502 | €457 | €223 | €847 | ▲ 280% |
| Gross operating margin9900 | €13,317 | €12,399 | -€11,297 | €12,633 | €21,107 | ▲ 67.1% |
| Operating profit (loss)9901 | €12,078 | €8,763 | -€16,015 | €7,576 | -€6,453 | ▼ 185% |
| Financial income75/76B | - | - | - | €0 | €1 | ▲ 172% |
| Recurring financial income75 | - | - | - | €0 | €1 | ▲ 172% |
| Financial charges65/66B | €15 | €293 | €251 | €187 | €546 | ▲ 192% |
| Recurring financial charges65 | €15 | €293 | €251 | €187 | €546 | ▲ 192% |
| Profit (loss) for the period before taxes9903 | €12,063 | €8,470 | -€16,266 | €7,389 | -€6,998 | ▼ 195% |
| Income taxes67/77 | - | €1,113 | - | €720 | €266 | ▼ 63.1% |
| Profit (loss) for the period9904 | €12,063 | €7,357 | -€16,266 | €6,670 | -€7,264 | ▼ 209% |
| Profit (loss) for the period to be appropriated9905 | €12,063 | €7,357 | -€16,266 | €6,670 | -€7,264 | ▼ 209% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,126 | €21,995 | €30,422 | €36,292 | €28,994 | ▼ 20.1% |
| Fixed assets21/28 | - | €6,397 | €18,984 | €15,483 | €15,849 | ▲ 2.4% |
| Tangible fixed assets22/27 | - | €6,397 | €18,984 | €15,483 | €15,849 | ▲ 2.4% |
| Plant, machinery and equipment23 | - | - | €14,157 | €10,968 | €2,802 | ▼ 74.5% |
| Furniture and vehicles24 | - | €6,397 | €4,827 | €4,515 | €13,047 | ▲ 189% |
| Current assets29/58 | €15,126 | €15,598 | €11,438 | €20,809 | €13,145 | ▼ 36.8% |
| Amounts receivable within one year40/41 | €5,486 | €6,771 | €3,875 | €14,781 | €12,821 | ▼ 13.3% |
| Trade receivables40 | €5,254 | €6,771 | €1,221 | €14,781 | €12,821 | ▼ 13.3% |
| Other amounts receivable41 | €232 | - | €2,654 | - | - | - |
| Cash at bank and in hand54/58 | €9,640 | €8,827 | €7,563 | €6,028 | €324 | ▼ 94.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,126 | €21,995 | €30,422 | €36,292 | €28,994 | ▼ 20.1% |
| Equity10/15 | -€3,128 | €4,229 | -€12,037 | -€5,368 | -€12,632 | ▼ 135% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | €12,400 | €12,400 | €12,400 | €12,400 | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Outside capital11 | - | - | - | - | €12,400 | - |
| Other1109/19 | - | - | - | - | €12,400 | - |
| Reserves13 | €100 | €100 | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | €100 | €100 | €100 | €100 | €100 | = |
| Legal reserve130 | €100 | €100 | €100 | €100 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €100 | - |
| Profit (loss) carried forward14 | -€15,628 | -€8,271 | -€24,537 | -€17,868 | -€25,132 | ▼ 40.7% |
| Amounts payable17/49 | €18,254 | €17,766 | €42,459 | €41,660 | €41,626 | ▼ 0.1% |
| Amounts payable after more than one year17 | - | €4,318 | €2,345 | €338 | €8,732 | ▲ 2,484% |
| Financial debts170/4 | - | €4,318 | €2,345 | €338 | €8,732 | ▲ 2,484% |
| Amounts payable within one year42/48 | €18,254 | €13,448 | €40,114 | €41,322 | €32,894 | ▼ 20.4% |
| Current portion of amounts payable after more than one year42 | - | €1,940 | €1,973 | €2,007 | €2,266 | ▲ 12.9% |
| Trade debts44 | €885 | €908 | €4,884 | €1,750 | €3,021 | ▲ 72.6% |
| Suppliers440/4 | €885 | €908 | €4,884 | €1,750 | €3,021 | ▲ 72.6% |
| Taxes, remuneration and social security45 | - | €8,121 | €1,113 | €7,937 | €5,046 | ▼ 36.4% |
| Taxes450/3 | - | €4,421 | €1,113 | €6,687 | €5,046 | ▼ 24.5% |
| Remuneration and social security454/9 | - | €3,700 | - | €1,250 | - | - |
| Other amounts payable47/48 | €17,369 | €2,479 | €32,144 | €29,628 | €22,561 | ▼ 23.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,063 | €7,357 | -€16,266 | €6,670 | -€7,264 | ▼ 209% |
| + Depreciation and write-downs630 | - | €1,454 | €3,358 | €4,834 | €26,713 | ▲ 453% |
| Operating cash flow (approximation) | €12,063 | €8,811 | -€12,908 | €11,504 | €19,449 | ▲ 69.1% |
| Investment in fixed assets (approximation) | - | - | -€15,945 | -€1,333 | -€27,079 | ▼ 1,932% |
| Change in cash | - | -€813 | -€1,264 | -€1,535 | -€5,704 | ▼ 271% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €6,670
Net result €6,670 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€16,266
Net result drops to -€16,266, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €12,063
Net result €12,063 after 3 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 131 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Overijse · 1 establishment unit since 2013
Ground area
546 m²
Building footprint
135 m²
Volume, LiDAR
586 m³
Parcel 23546L0517/00T000, Flanders · tallest building 12.0 m. Linked by address, not a title deed.
1 establishment unit
Phoenix
since 20132.224.359.557
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23546L0517/00T000 | Flanders | 546 m² | 1 · 135 m² | 12.0 m |
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 13,417 companies in sector 73300 we hold annual accounts for 6,906. 2,347 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
Founded11-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0540764409
Also
9925:BE0540764409
Registered
11-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.