PHOENIX
ActiveSummary
PHOENIX has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13k and a net result of €7k. Equity is shrinking by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 83% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency100▲+22
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 4.11 against 1.79 in 2023; short-term debt: 23.1% and cash: 17.9% of total assets), and 23.1% 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+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 2024Solvency, return and age of the figures
Solvency
76.9%
Return on assets
42.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
29 d late
2022
30 d late
2021
95 d late
2020
6 d late
2019
87 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€13k▲ 123%
2023 · €6k
Total assets
€18k▲ 54.8%
2023 · €11k
Net result
€7k
2023 · €-20k
Working capital
€13k▲ 203%
2023 · €4k
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
Line20202021202220232024
Operating result€-8k€4k€-9k€-20k▼ 124%€8k
Net result€-11k€-5k▲ 57.9%€-16k▼ 244%€-20k▼ 28.9%€7k
Equity€47k▼ 18.9%€42k▼ 9.8%€26k▼ 37.4%€6k▼ 77.1%€13k▲ 123%
Total assets€209k▲ 31.2%€196k▼ 6.1%€169k▼ 14.2%€11k▼ 93.3%€18k▲ 54.8%
Debt€162k▲ 59.6%€154k▼ 5.0%€142k▼ 7.8%€5k▼ 96.3%€4k▼ 23.4%
Working capital€42k▼ 27.1%€38k▼ 8.6%€24k▼ 38.6%€4k▼ 82.3%€13k▲ 203%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €8k after a loss of €20k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18k
Fixed assets
€896 ▼ 52.5%
Current assets
€17k ▲ 76.3%
Equity and liabilities €18k
Equity
€13k ▲ 123%
Debt
€4k ▼ 23.4%
Debt's share of the balance-sheet total falls from 46.6% to 23.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▲
2023 · €-19k
Cash flow
€8k▲
2023 · €-19k
Current ratio
4.11▲
2023 · 1.79
Debt to equity
0.30▼
2023 · 0.87
ROE
55.2%▲
2023 · -336.6%
ROA
42.4%▲
2023 · -179.8%
Interest coverage
89.11▲
2023 · -70.94
Debt ≤ 1 year
€4k▼
2023 · €5k
Staff costs
€116
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €116 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €992 | €992 | €992 | €992 | = |
| Other operating charges640/8 | - | - | €106 | €106 | - | - |
| Gross operating margin9900 | €18k | €5k | €-8k | €-19k | €9k | ▲ 146% |
| Operating profit (loss)9901 | €-8k | €4k | €-9k | €-20k | €8k | ▲ 138% |
| Financial charges65/66B | - | €6k | €1k | €269 | €96 | ▼ 64.4% |
| Recurring financial charges65 | €306 | €6k | €1k | €269 | €96 | ▼ 64.4% |
| Profit (loss) for the period before taxes9903 | €-8k | €-1k | €-10k | €-20k | €7k | ▲ 137% |
| Income taxes67/77 | €3k | €3k | €5k | - | - | - |
| Profit (loss) for the period9904 | €-11k | €-5k | €-16k | €-20k | €7k | ▲ 137% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €-5k | €-16k | €-20k | €7k | ▲ 137% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €209k | €196k | €169k | €11k | €18k | ▲ 54.8% |
| Fixed assets21/28 | €5k | €4k | €3k | €2k | €896 | ▼ 52.5% |
| Tangible fixed assets22/27 | €5k | €4k | €3k | €2k | €896 | ▼ 52.5% |
| Plant, machinery and equipment23 | - | €1k | €1k | €1k | €896 | ▼ 15.6% |
| Furniture and vehicles24 | - | €2k | €2k | €826 | - | - |
| Current assets29/58 | €204k | €193k | €166k | €9k | €17k | ▲ 76.3% |
| Stocks and contracts in progress3 | €20k | €25k | - | - | - | - |
| Stocks30/36 | - | €25k | - | - | - | - |
| Amounts receivable within one year40/41 | €180k | €140k | €149k | €6k | €13k | ▲ 113% |
| Trade receivables40 | - | €132k | €142k | - | - | - |
| Other amounts receivable41 | - | €8k | €6k | €6k | €13k | ▲ 113% |
| Cash at bank and in hand54/58 | €3k | €27k | €17k | €3k | €3k | ▲ 1.6% |
| Deferred charges and accrued income490/1 | - | €1k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €209k | €196k | €169k | €11k | €18k | ▲ 54.8% |
| Equity10/15 | €47k | €42k | €26k | €6k | €13k | ▲ 123% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | €19k | €19k | €19k | = |
| Share premium1100/10 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €26k | €22k | €6k | €-14k | €-7k | ▲ 51.6% |
| Amounts payable17/49 | €162k | €154k | €142k | €5k | €4k | ▼ 23.4% |
| Amounts payable within one year42/48 | €162k | €154k | €142k | €5k | €4k | ▼ 23.4% |
| Trade debts44 | €10k | €11k | €7k | - | - | - |
| Suppliers440/4 | - | €11k | €7k | - | - | - |
| Taxes, remuneration and social security45 | - | €34k | €2k | €2k | €4k | ▲ 132% |
| Taxes450/3 | - | €17k | €2k | €2k | €2k | ▲ 34.6% |
| Remuneration and social security454/9 | - | €18k | - | - | €2k | - |
| Other amounts payable47/48 | - | €109k | €133k | €4k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €-5k | €-16k | €-20k | €7k | ▲ 137% |
| + Depreciation and write-downs630 | €1k | €992 | €992 | €992 | €992 | = |
| Operating cash flow (approximation) | €-10k | €-4k | €-15k | €-19k | €8k | ▲ 144% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €24k | €-9k | €-14k | €48 | ▲ 100% |
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
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after 4 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 4.11
Current ratio from 1.79 to 4.11; short-term debt falls from €5k to €4k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 95 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Highest result since 2018net €14k ▲51.9%
Operating result €14k, net result €14k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
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, Evere · 1 establishment unit since 2016
Ground area
8,620 m²
Building footprint
799 m²
Volume, LiDAR
13,758 m³
2 parcels, Brussels, Wallonia · tallest building 22.9 m, ±7 floors. Linked by address, not a title deed.
128
companies at this address
See who is registered here
1 establishment unit
PHOENIX
since 20162.252.646.935
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21006A0199/00T007 | Brussels | 8,547 m² | 1 · 735 m² | 22.9 m · 7 fl. |
| 52302A0875/00L000 | Wallonia | 73 m² | 1 · 65 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,531 companies in sector 68322 we hold annual accounts for 740. 368 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 (pre-2019)
Founded19-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68322Real estate appraisal on a fee or contract basis
46130Agents in the wholesale of timber and building materials
46831Wholesale of construction materials, general range
55900Accommodation
68110Buying and selling of own real estate
68204Real estate activities
Contact
E-mail
info@phoenix-be.com
Scores and ratios are computed by Checked and are not a credit decision.