PHOENIX
ActiveSummary
PHOENIX has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106.44M and a net result of €1.79M. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 75% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▲+1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.51 in 2024; short-term debt: 18.6% and cash: 0.4% of total assets), and 20.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
79.2%
Return on assets
1.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
17 d early
2023
15 d early
2022
42 d late
2021
32 d late
2020
33 d late
2019
24 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€106.44M▲ 1.7%
2024 · €104.70M
2019: €114.45M
2020: €115.12M▲ +0.6% vs 2019
2021: €110.70M▼ -3.8% vs 2020
2022: €116.00M▲ +4.8% vs 2021
2023: €118.89M▲ +2.5% vs 2022highest in 7 years
2024: €104.70M▼ -11.9% vs 2023lowest in 7 years
2025: €106.44M▲ +1.7% vs 2024
2019 → 2025
Total assets
€134.44M▲ 4.1%
2024 · €129.17M
2019: €121.69M
2020: €120.16M▼ -1.3% vs 2019
2021: €116.72M▼ -2.9% vs 2020lowest in 7 years
2022: €121.86M▲ +4.4% vs 2021
2023: €124.12M▲ +1.9% vs 2022
2024: €129.17M▲ +4.1% vs 2023
2025: €134.44M▲ +4.1% vs 2024highest in 7 years
2019 → 2025
Net result
€1.79M▲ 229%
2024 · €543k
2019: €3.63M
2020: €319k▼ -91.2% vs 2019
2021: €-4.42M▼ -1487% vs 2020lowest in 7 years
2022: €5.30M▲ +220% vs 2021highest in 7 years
2023: €2.89M▼ -45.5% vs 2022
2024: €543k▼ -81.2% vs 2023
2025: €1.79M▲ +229% vs 2024
2019 → 2025
Working capital
€-14.07M▼ 34.1%
2024 · €-10.49M
2019: €5.66M
2020: €2.42M▼ -57.2% vs 2019
2021: €2.58M▲ +6.6% vs 2020
2022: €3.34M▲ +29.4% vs 2021
2023: €6.59M▲ +97.3% vs 2022highest in 7 years
2024: €-10.49M▼ -259% vs 2023
2025: €-14.07M▼ -34.1% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€110.70M-€116.00M▲ 4.8%€118.89M▲ 2.5%€104.70M▼ 11.9%€106.44M▲ 1.7%
2021: €110.70M
2022: €116.00M▲ +4.8% vs 2021
2023: €118.89M▲ +2.5% vs 2022highest in 5 years
2024: €104.70M▼ -11.9% vs 2023lowest in 5 years
2025: €106.44M▲ +1.7% vs 2024
Operating result€-270k-€-355k▼ 31.4%€-315k▲ 11.4%€-333k▼ 5.7%€-477k▼ 43.2%
2021: €-270khighest in 5 years
2022: €-355k▼ -31.4% vs 2021
2023: €-315k▲ +11.4% vs 2022
2024: €-333k▼ -5.7% vs 2023
2025: €-477k▼ -43.2% vs 2024lowest in 5 years
Net result€-4.42M-€5.30M€2.89M▼ 45.5%€543k▼ 81.2%€1.79M▲ 229%
2021: €-4.42Mlowest in 5 years
2022: €5.30M▲ +220% vs 2021highest in 5 years
2023: €2.89M▼ -45.5% vs 2022
2024: €543k▼ -81.2% vs 2023
2025: €1.79M▲ +229% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €477k in 2025 against €333k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134.44M
Fixed assets
€123.56M ▲ 4.5%
Current assets
€10.88M ▼ 0.7%
Equity and liabilities €134.44M
Equity
€106.44M ▲ 1.7%
Debt
€28.00M ▲ 14.4%
Debt's share of the balance-sheet total rises from 18.9% to 20.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-339k▼
2024 · €-222k
Cash flow
€1.92M▲
2024 · €654k
Current ratio
0.44▼
2024 · 0.51
Debt to equity
0.26▲
2024 · 0.23
ROE
1.7%▲
2024 · 0.5%
ROA
1.3%▲
2024 · 0.4%
Interest coverage
-0.28▼
2024 · -0.21
Debt ≤ 1 year
€24.96M▲
2024 · €21.45M
Debt > 1 year
€2.33M▼
2024 · €2.67M
Income taxes
€176k▲
2024 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€129.17M€134.44M▲
Fixed assets21/28€118.21M€123.56M▲
Tangible fixed assets22/27€6.61M€7.10M▲
Land and buildings22€6.52M€7.06M▲
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€57k€21k▼
Other tangible fixed assets26€27k€19k▼
Financial fixed assets28€111.61M€116.45M▲
Current assets29/58€10.96M€10.88M▼
Amounts receivable after more than one year29€1.72M€1.59M▼
Other amounts receivable291€1.72M€1.59M▼
Amounts receivable within one year40/41€290k€370k▲
Trade receivables40€287k€330k▲
Other amounts receivable41€3k€40k▲
Current investments50/53€8.55M€8.32M▼
Cash at bank and in hand54/58€242k€600k▲
Deferred charges and accrued income490/1€168k€7k▼
Equity and liabilities
Total equity and liabilities10/49€129.17M€134.44M▲
Equity10/15€104.70M€106.44M▲
Contributions10/11€96.15M€96.15M=
Reserves13€13.03M€14.77M▲
Distributable reserves133€13.03M€14.77M▲
Profit (loss) carried forward14€-4.48M€-4.48M=
Amounts payable17/49€24.47M€28.00M▲
Amounts payable after more than one year17€2.67M€2.33M▼
Financial debts170/4€2.67M€2.33M▼
Amounts payable within one year42/48€21.45M€24.96M▲
Current portion of amounts payable after more than one year42€333k€333k=
Financial debts43€10.02M€16.50M▲
Credit institutions430/8€10.02M€16.50M▲
Trade debts44€260k€164k▼
Suppliers440/4€260k€164k▼
Taxes, remuneration and social security45€340k€140k▼
Taxes450/3€340k€140k▼
Other amounts payable47/48€10.49M€7.82M▼
Accrued charges and deferred income492/3€353k€710k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111k€137k▲
Other operating charges640/8€9k€7k▼
Gross operating margin9900€-213k€-333k▼
Operating profit (loss)9901€-333k€-477k▼
Financial income75/76B€1.97M€3.67M▲
Recurring financial income75€1.97M€3.67M▲
Financial charges65/66B€1.03M€1.23M▲
Recurring financial charges65€1.03M€1.23M▲
Profit (loss) for the period before taxes9903€599k€1.96M▲
Income taxes67/77€56k€176k▲
Profit (loss) for the period9904€543k€1.79M▲
Profit (loss) for the period to be appropriated9905€543k€1.79M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3.93M€-2.69M▲
Profit (loss) brought forward from the previous period14P€-4.48M€-4.48M=
Transfer from equity791/2€14.73M€0▼
Transfer to equity691/2€543k€1.74M▲
To other reserves6921€543k€1.74M▲
Profit to be distributed694/7€14.73M€45k▼
Return on contributions (dividend)694€14.73M€0▼
Directors or managers695-€45k
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €64k | €83k | €111k | €137k | ▲ 23.9% |
| Other operating charges640/8 | €10k | €3k | €11k | €9k | €7k | ▼ 22.8% |
| Gross operating margin9900 | €-226k | €-288k | €-221k | €-213k | €-333k | ▼ 55.9% |
| Operating profit (loss)9901 | €-270k | €-355k | €-315k | €-333k | €-477k | ▼ 43.2% |
| Financial income75/76B | €1.46M | €6.28M | €3.74M | €1.97M | €3.67M | ▲ 86.6% |
| Recurring financial income75 | €269k | €6.27M | €3.74M | €1.97M | €3.67M | ▲ 86.6% |
| Non-recurring financial income76B | €1.19M | €7k | - | - | - | - |
| Financial charges65/66B | €5.61M | €90k | €225k | €1.03M | €1.23M | ▲ 19.1% |
| Recurring financial charges65 | €53k | €90k | €225k | €1.03M | €1.23M | ▲ 19.1% |
| Non-recurring financial charges66B | €5.56M | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-4.42M | €5.83M | €3.20M | €599k | €1.96M | ▲ 227% |
| Income taxes67/77 | €2k | €533k | €310k | €56k | €176k | ▲ 211% |
| Profit (loss) for the period9904 | €-4.42M | €5.30M | €2.89M | €543k | €1.79M | ▲ 229% |
| Profit (loss) for the period to be appropriated9905 | €-4.42M | €5.30M | €2.89M | €543k | €1.79M | ▲ 229% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116.72M | €121.86M | €124.12M | €129.17M | €134.44M | ▲ 4.1% |
| Fixed assets21/28 | €108.14M | €112.67M | €112.35M | €118.21M | €123.56M | ▲ 4.5% |
| Tangible fixed assets22/27 | €4.76M | €5.30M | €5.78M | €6.61M | €7.10M | ▲ 7.5% |
| Land and buildings22 | €4.60M | €5.17M | €5.65M | €6.52M | €7.06M | ▲ 8.3% |
| Plant, machinery and equipment23 | €1k | €1k | €5k | €4k | €4k | ▲ 7.8% |
| Furniture and vehicles24 | €163k | €127k | €92k | €57k | €21k | ▼ 62.2% |
| Other tangible fixed assets26 | - | - | €34k | €27k | €19k | ▼ 27.9% |
| Financial fixed assets28 | €103.38M | €107.37M | €106.57M | €111.61M | €116.45M | ▲ 4.3% |
| Current assets29/58 | €8.58M | €9.19M | €11.77M | €10.96M | €10.88M | ▼ 0.7% |
| Amounts receivable after more than one year29 | €750k | €1.05M | €3.55M | €1.72M | €1.59M | ▼ 7.5% |
| Other amounts receivable291 | €750k | €1.05M | €3.55M | €1.72M | €1.59M | ▼ 7.5% |
| Amounts receivable within one year40/41 | €186k | €105k | €272k | €290k | €370k | ▲ 27.4% |
| Trade receivables40 | €157k | €77k | €265k | €287k | €330k | ▲ 14.8% |
| Other amounts receivable41 | €28k | €28k | €8k | €3k | €40k | ▲ 1,240% |
| Current investments50/53 | €5.94M | €7.52M | €7.82M | €8.55M | €8.32M | ▼ 2.6% |
| Cash at bank and in hand54/58 | €1.68M | €424k | €120k | €242k | €600k | ▲ 148% |
| Deferred charges and accrued income490/1 | €29k | €95k | €12k | €168k | €7k | ▼ 96.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116.72M | €121.86M | €124.12M | €129.17M | €134.44M | ▲ 4.1% |
| Equity10/15 | €110.70M | €116.00M | €118.89M | €104.70M | €106.44M | ▲ 1.7% |
| Contributions10/11 | €96.15M | €96.15M | €96.15M | €96.15M | €96.15M | = |
| Reserves13 | €19.02M | €24.32M | €27.21M | €13.03M | €14.77M | ▲ 13.4% |
| Non-distributable reserves130/1 | €31k | €31k | €0 | - | - | - |
| Reserves not available under the articles1311 | €31k | €31k | €0 | - | - | - |
| Distributable reserves133 | €18.99M | €24.29M | €27.21M | €13.03M | €14.77M | ▲ 13.4% |
| Profit (loss) carried forward14 | €-4.48M | €-4.48M | €-4.48M | €-4.48M | €-4.48M | = |
| Amounts payable17/49 | €6.02M | €5.86M | €5.24M | €24.47M | €28.00M | ▲ 14.4% |
| Amounts payable after more than one year17 | - | - | - | €2.67M | €2.33M | ▼ 12.5% |
| Financial debts170/4 | - | - | - | €2.67M | €2.33M | ▼ 12.5% |
| Amounts payable within one year42/48 | €6.01M | €5.86M | €5.19M | €21.45M | €24.96M | ▲ 16.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €333k | €333k | = |
| Financial debts43 | €3.09M | €5.25M | €4.25M | €10.02M | €16.50M | ▲ 64.6% |
| Credit institutions430/8 | €1.55M | €5.25M | €4.25M | €10.02M | €16.50M | ▲ 64.6% |
| Other loans439 | €1.54M | - | - | - | - | - |
| Trade debts44 | €128k | €72k | €112k | €260k | €164k | ▼ 37.1% |
| Suppliers440/4 | €128k | €72k | €112k | €260k | €164k | ▼ 37.1% |
| Taxes, remuneration and social security45 | €34k | €534k | €824k | €340k | €140k | ▼ 58.9% |
| Taxes450/3 | €34k | €534k | €824k | €340k | €140k | ▼ 58.9% |
| Other amounts payable47/48 | €2.75M | - | - | €10.49M | €7.82M | ▼ 25.5% |
| Accrued charges and deferred income492/3 | €19k | €4k | €49k | €353k | €710k | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4.42M | €5.30M | €2.89M | €543k | €1.79M | ▲ 229% |
| + Depreciation and write-downs630 | €34k | €64k | €83k | €111k | €137k | ▲ 23.9% |
| Operating cash flow (approximation) | €-4.39M | €5.36M | €2.97M | €654k | €1.92M | ▲ 194% |
| Investment in fixed assets (approximation) | - | €-4.59M | €230k | €-5.97M | €-5.48M | ▲ 8.1% |
| Change in cash | - | €-1.25M | €-304k | €122k | €358k | ▲ 194% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 42 days late
2022
31-12
Financial
Back to profitnet €5.30M
Net result €5.30M after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 32 days late
2021
31-12
Financial
Weakest financial yearnet €-4.42M
Net result drops to €-4.42M, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 33 days late
2020
29-12
State Gazette act
General meeting · Capital increase
Bank account · Capital
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 49 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Beernem · 1 establishment unit since 2016
Ground area
1,025 m²
Building footprint
391 m²
Volume, LiDAR
3,567 m³
Parcel 31003G0340/00B000, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
PHOENIX
since 20162.260.617.365
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003G0340/00B000 | Flanders | 1,025 m² | 1 · 391 m² | 14.3 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500YGI5P7CO407Q43
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 1,084 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
Founded14-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64921Financial service activities, except insurance and pension funding
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Scores and ratios are computed by Checked and are not a credit decision.