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Phoenix

Active
Private limited companyfounded 2024active for 1 yearKattenstraat 21, 3800 Sint-Truiden, BelgiumKBO/BCE: BE 1016.073.119
Summary

Phoenix has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,110 and a net result of €23,110. Its solvency ranks better than 29% of 2,593 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00481182.

Turnover
≈ €180,000
Estimated: probably between €120,000 and €320,000
Total assets
€154,067
Net result
€23,110
Working capital
-€80,679

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €154,067
Fixed assets €123,905
Current assets €30,161
Equity and liabilities €154,067
Equity €26,110
Debt €127,956
Debt finances 83.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€49,794
Cash flow
€41,498
Current ratio
0.27
Debt to equity
4.90
ROE
88.5%
ROA
15.0%
Interest coverage
30.74
Debt ≤ 1 year
€110,840
Debt > 1 year
€16,861
Income taxes
€6,683
Staff costs
€8,524

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,390 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
Filed annual accounts As filed with the NBB · 2025 · 45 lines
Balance sheet Code2025
Assets
Total assets20/58€154,067
Fixed assets21/28€123,905
Intangible fixed assets21€50,472
Tangible fixed assets22/27€73,433
Land and buildings22€3,259
Plant, machinery and equipment23€34,902
Leasing and similar rights25€21,820
Other tangible fixed assets26€13,452
Current assets29/58€30,161
Amounts receivable within one year40/41€12,405
Trade receivables40€11,474
Other amounts receivable41€931
Cash at bank and in hand54/58€14,902
Deferred charges and accrued income490/1€2,854
Equity and liabilities
Total equity and liabilities10/49€154,067
Equity10/15€26,110
Contributions10/11€3,000
Profit (loss) carried forward14€23,110
Amounts payable17/49€127,956
Amounts payable after more than one year17€16,861
Financial debts170/4€16,861
Amounts payable within one year42/48€110,840
Current portion of amounts payable after more than one year42€5,218
Trade debts44€54
Suppliers440/4€54
Advances received on contracts in progress46€13,169
Taxes, remuneration and social security45€8,204
Taxes450/3€7,362
Remuneration and social security454/9€841
Other amounts payable47/48€84,195
Accrued charges and deferred income492/3€255
Income statement Code2025
Remuneration, social security and pensions62€8,524
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,387
Other operating charges640/8€2,591
Gross operating margin9900€60,910
Operating profit (loss)9901€31,407
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€1,620
Recurring financial charges65€1,620
Profit (loss) for the period before taxes9903€29,793
Income taxes67/77€6,683
Profit (loss) for the period9904€23,110
Profit (loss) for the period to be appropriated9905€23,110
Appropriation of the result
Profit (loss) to be appropriated9906€23,110

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€8,524
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,387
Other operating charges640/8€2,591
Gross operating margin9900€60,910
Operating profit (loss)9901€31,407
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€1,620
Recurring financial charges65€1,620
Profit (loss) for the period before taxes9903€29,793
Income taxes67/77€6,683
Profit (loss) for the period9904€23,110
Profit (loss) for the period to be appropriated9905€23,110
Line2025
Assets
Total assets20/58€154,067
Fixed assets21/28€123,905
Intangible fixed assets21€50,472
Tangible fixed assets22/27€73,433
Land and buildings22€3,259
Plant, machinery and equipment23€34,902
Leasing and similar rights25€21,820
Other tangible fixed assets26€13,452
Current assets29/58€30,161
Amounts receivable within one year40/41€12,405
Trade receivables40€11,474
Other amounts receivable41€931
Cash at bank and in hand54/58€14,902
Deferred charges and accrued income490/1€2,854
Equity and liabilities
Total equity and liabilities10/49€154,067
Equity10/15€26,110
Contributions10/11€3,000
Profit (loss) carried forward14€23,110
Amounts payable17/49€127,956
Amounts payable after more than one year17€16,861
Financial debts170/4€16,861
Amounts payable within one year42/48€110,840
Current portion of amounts payable after more than one year42€5,218
Trade debts44€54
Suppliers440/4€54
Advances received on contracts in progress46€13,169
Taxes, remuneration and social security45€8,204
Taxes450/3€7,362
Remuneration and social security454/9€841
Other amounts payable47/48€84,195
Accrued charges and deferred income492/3€255
Line2025
Profit (loss) for the period9904€23,110
+ Depreciation and write-downs630€18,387
Operating cash flow (approximation)€41,498

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 31-08-2026 2026-00481182

Similar companies · same sector, comparable size

Of the 13,588 active companies whose main activity is sports and recreation education (NACE 85510), figures are known for 755. 624 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.