Phoenix.ag
ActiveSummary
The computed 12-month bankruptcy probability of Phoenix.ag is 4.2% (elevated). The 2025 annual accounts show equity of €16k and a net result of €-7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 13305 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-1
Solvency34▼-2
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.45 against 1.62 in 2024; short-term debt: 26.7% and cash: 23% of total assets), and 91% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
9%
Return on assets
-3.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-7k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
25 d early
2024
7 d early
2023
29 d early
2022
17 d early
2021
30 d early
2020
6 d late
2019
26 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€16k▼ 28.5%
2024 · €23k
2019: €19k
2020: €14k
2021: €12k
2022: €-51k
2023: €-125k
2024: €23k
2019 → 2025
Total assets
€184k▼ 11.0%
2024 · €207k
2019: €20k
2020: €37k
2021: €279k
2022: €235k
2023: €212k
2024: €207k
2019 → 2025
Net result
€-7k▼ 17.4%
2024 · €-6k
2019: €-59
2020: €-5k
2021: €-2k
2022: €-63k
2023: €-74k
2024: €-6k
2019 → 2025
Working capital
€22k▼ 26.2%
2024 · €30k
2019: €19k
2020: €14k
2021: €48k
2022: €-14k
2023: €-85k
2024: €30k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€-51k€-125k▼ 145%€23k€16k▼ 28.5%
Operating result€3k-€-61k€-70k▼ 14.9%€-3k▲ 96.1%€-4k▼ 61.8%
Net result€-2k-€-63k▼ 3,059%€-74k▼ 17.2%€-6k▲ 92.5%€-7k▼ 17.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €3k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €184k
Fixed assets
€113k ▼ 12.7%
Current assets
€71k ▼ 8.2%
Equity and liabilities €184k
Equity
€16k ▼ 28.5%
Debt
€167k ▼ 8.8%
Debt's share of the balance-sheet total rises from 88.9% to 91.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €17k
Cash flow
€13k▼
2024 · €14k
Current ratio
1.45▼
2024 · 1.62
Quick ratio
1.11▼
2024 · 1.34
Debt to equity
10.16▲
2024 · 7.97
ROE
-39.8%▼
2024 · -24.3%
ROA
-3.6%▼
2024 · -2.7%
Interest coverage
6.40▲
2024 · 5.94
Debt ≤ 1 year
€49k▲
2024 · €48k
Debt > 1 year
€118k▼
2024 · €136k
Staff costs
€27k▼
2024 · €54k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€207k€184k▼
Fixed assets21/28€129k€113k▼
Tangible fixed assets22/27€128k€112k▼
Furniture and vehicles24€706€2k▲
Leasing and similar rights25€128k€108k▼
Other tangible fixed assets26-€2k
Financial fixed assets28€1k€1k=
Current assets29/58€77k€71k▼
Stocks and contracts in progress3€13k€16k▲
Stocks30/36€13k€16k▲
Amounts receivable within one year40/41€9k€11k▲
Trade receivables40€8k€8k▲
Other amounts receivable41€716€3k▲
Cash at bank and in hand54/58€54k€42k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€207k€184k▼
Equity10/15€23k€16k▼
Contributions10/11€19k€19k=
Reserves13€154k€154k=
Non-distributable reserves130/1€154k€154k=
Financial assistance1313€154k€154k=
Profit (loss) carried forward14€-150k€-156k▼
Amounts payable17/49€184k€167k▼
Amounts payable after more than one year17€136k€118k▼
Financial debts170/4€136k€118k▼
Amounts payable within one year42/48€48k€49k▲
Current portion of amounts payable after more than one year42€17k€18k▲
Trade debts44€14k€21k▲
Suppliers440/4€14k€21k▲
Taxes, remuneration and social security45€17k€10k▼
Taxes450/3€10k€10k▼
Remuneration and social security454/9€7k€789▼
Other amounts payable47/48-€96
Income statement
Code20242025
Remuneration, social security and pensions62€54k€27k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Other operating charges640/8€387€1,000▲
Gross operating margin9900€71k€43k▼
Operating profit (loss)9901€-3k€-4k▼
Financial income75/76B€37€308▲
Recurring financial income75€37€308▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-6k€-7k▼
Profit (loss) for the period9904€-6k€-7k▼
Profit (loss) for the period to be appropriated9905€-6k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-150k€-156k▼
Profit (loss) brought forward from the previous period14P€-144k€-150k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 1.62
Current ratio from 0.42 to 1.62; short-term debt falls from €148k to €48k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-74k
Net result drops to €-74k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 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, Burg-Reuland · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Am alten Knapp, Dürler 364790 Burg-Reuland1 establishment unit
PHOENIX.AG
since 20192.294.214.504
Recognitions · licences · registrations
Food safety, FASFC
1 siteBurg-Reuland2.294.214.504
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,457. 8,386 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
56220Contract catering and other food service activities
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filings
Scores and ratios are computed by Checked and are not a credit decision.