PHOENIX Buildings&Developments
ActiveSummary
PHOENIX Buildings&Developments has been active since 1945 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€26,942) and a net result of -€42,965. Equity is shrinking by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 7% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-42
Solvency6▼-30
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 1.05 in 2024; short-term debt: 95.7% of total assets), and equity is negative.
Credit check for your own amount and term
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2025Solvency, return and age of the figures
Solvency
-19%
Return on assets
-30.4%
Age of the figures
9 mo
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 -€26,942
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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
57 d late
2023
50 d late
2022
32 d late
2021
31 d late
2020
40 d early
2019
6 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 23 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 1 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€26,942
2024 · €16,023
Total assets
€141,478▼ 5.7%
2024 · €149,991
Net result
-€42,965
2024 · €1,322
Working capital
-€23,561
2024 · €7,336
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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-€1,822▲ 43.8%-€1,117▲ 38.7%€13,184€8,228▼ 37.6%-€11,834
Net result-€2,096below the sector's middle half▲ 36.1%-€1,424below the sector's middle half▲ 32.0%€11,946within the sector's middle half€1,322within the sector's middle half▼ 88.9%-€42,965below the sector's middle half
Equity€4,180below the sector's middle half▼ 33.4%€2,756below the sector's middle half▼ 34.1%€14,702below the sector's middle half▲ 433%€16,023below the sector's middle half▲ 9.0%-€26,942below the sector's middle half
Total assets€4,664below the sector's middle half▼ 25.7%€3,240below the sector's middle half▼ 30.5%€30,926below the sector's middle half▲ 855%€149,991within the sector's middle half▲ 385%€141,478within the sector's middle half▼ 5.7%
Debt€484€484=€16,225▲ 3,252%€133,968▲ 726%€168,420▲ 25.7%
Working capital€4,180below the sector's middle half€2,756below the sector's middle half▼ 34.1%-€946below the sector's middle half€7,336within the sector's middle half-€23,561below the sector's middle half
Solvency47.5%within the sector's middle half10.7%below the sector's middle half▼ 36.9pp-19.0%below the sector's middle half▼ 29.7pp
Current ratio0.94below the sector's middle half1.05below the sector's middle half▲ 0.110.83below the sector's middle half▼ 0.23
Return on assets (ROA)38.6%above the sector's middle half0.9%within the sector's middle half▼ 37.7pp-30.4%below the sector's middle half▼ 31.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11,834 after €8,228 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €141,478
Fixed assets
€29,583 ▲ 241%
Current assets
€111,895 ▼ 20.8%
Key figures and ratios
EBITDA
-€3,098▼
2024 · €15,188
Cash flow
-€34,229▼
2024 · €8,282
Quick ratio
0.65▼
2024 · 1.05
Debt to equity
-6.25▼
2024 · 8.36
Interest coverage
-0.10▼
2024 · 2.68
Debt ≤ 1 year
€135,456▲
2024 · €133,968
Debt > 1 year
€29,187
Staff costs
€53,594
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 6,622 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 | - | - | - | - | €53,594 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €5,473 | €6,960 | €8,736 | ▲ 25.5% |
| Other operating charges640/8 | €348 | €348 | €852 | €563 | €3,443 | ▲ 512% |
| Gross operating margin9900 | -€1,474 | -€769 | €19,509 | €15,751 | €53,939 | ▲ 242% |
| Operating profit (loss)9901 | -€1,822 | -€1,117 | €13,184 | €8,228 | -€11,834 | ▼ 244% |
| Financial charges65/66B | €274 | €308 | €1,238 | €5,665 | €31,131 | ▲ 449% |
| Recurring financial charges65 | €274 | €308 | €1,238 | €5,665 | €31,131 | ▲ 449% |
| Profit (loss) for the period before taxes9903 | -€2,096 | -€1,424 | €11,946 | €2,563 | -€42,965 | ▼ 1,776% |
| Income taxes67/77 | - | - | - | €1,241 | - | - |
| Profit (loss) for the period9904 | -€2,096 | -€1,424 | €11,946 | €1,322 | -€42,965 | ▼ 3,350% |
| Profit (loss) for the period to be appropriated9905 | -€2,096 | -€1,424 | €11,946 | €1,322 | -€42,965 | ▼ 3,350% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,664 | €3,240 | €30,926 | €149,991 | €141,478 | ▼ 5.7% |
| Fixed assets21/28 | - | - | €15,647 | €8,687 | €29,583 | ▲ 241% |
| Tangible fixed assets22/27 | - | - | €15,407 | €8,447 | €29,343 | ▲ 247% |
| Furniture and vehicles24 | - | - | €15,407 | €8,447 | €29,343 | ▲ 247% |
| Financial fixed assets28 | - | - | €240 | €240 | €240 | = |
| Current assets29/58 | €4,664 | €3,240 | €15,279 | €141,304 | €111,895 | ▼ 20.8% |
| Stocks and contracts in progress3 | - | - | - | - | €23,719 | - |
| Stocks30/36 | - | - | - | - | €23,719 | - |
| Amounts receivable within one year40/41 | €3,393 | - | €13,903 | €141,134 | €88,176 | ▼ 37.5% |
| Trade receivables40 | - | - | €12,300 | €139,823 | €74,650 | ▼ 46.6% |
| Other amounts receivable41 | €3,393 | - | €1,603 | €1,312 | €13,526 | ▲ 931% |
| Cash at bank and in hand54/58 | €1,271 | €3,240 | €162 | €37 | - | - |
| Deferred charges and accrued income490/1 | - | - | €1,214 | €132 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,664 | €3,240 | €30,926 | €149,991 | €141,478 | ▼ 5.7% |
| Equity10/15 | €4,180 | €2,756 | €14,702 | €16,023 | -€26,942 | ▼ 268% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €2,563 | €2,563 | €2,563 | €2,563 | €2,563 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €704 | €704 | €2,563 | €2,563 | €2,563 | = |
| Profit (loss) carried forward14 | -€16,975 | -€18,399 | -€6,454 | -€5,132 | -€48,097 | ▼ 837% |
| Amounts payable17/49 | €484 | €484 | €16,225 | €133,968 | €168,420 | ▲ 25.7% |
| Amounts payable after more than one year17 | - | - | - | - | €29,187 | - |
| Financial debts170/4 | - | - | - | - | €29,187 | - |
| Amounts payable within one year42/48 | €484 | €484 | €16,225 | €133,968 | €135,456 | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €14,345 | - |
| Financial debts43 | - | - | - | €5,296 | €1,081 | ▼ 79.6% |
| Credit institutions430/8 | - | - | - | €5,296 | €1,081 | ▼ 79.6% |
| Trade debts44 | €484 | €484 | €14,941 | €124,894 | €89,154 | ▼ 28.6% |
| Suppliers440/4 | €484 | €484 | €14,941 | €124,894 | €89,154 | ▼ 28.6% |
| Taxes, remuneration and social security45 | - | - | - | €2,493 | €28,640 | ▲ 1,049% |
| Taxes450/3 | - | - | - | €2,493 | €5,125 | ▲ 106% |
| Remuneration and social security454/9 | - | - | - | - | €23,515 | - |
| Other amounts payable47/48 | - | - | €1,284 | €1,284 | €2,236 | ▲ 74.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,777 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,096 | -€1,424 | €11,946 | €1,322 | -€42,965 | ▼ 3,350% |
| + Depreciation and write-downs630 | - | - | €5,473 | €6,960 | €8,736 | ▲ 25.5% |
| Operating cash flow (approximation) | -€2,096 | -€1,424 | €17,418 | €8,282 | -€34,229 | ▼ 513% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€29,632 | - |
| Change in cash | - | €1,969 | -€3,078 | -€125 | - | - |
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 · micro schema · 27 days late
03-07
State Gazette act
Registered officeRegistered-office move3 facts ▸
State Gazette act
Registered office
Registered-office move3 facts ▸
- Other statement, publication reference, 26085205
- General meeting, 01-05-2026
- Registered-office move, Avenue Henry Dunant 31 à 1140 Bruxelles
2025
31-12
Financial
Weakest financial yearnet -€42,965
Net result drops to -€42,965, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-12
Financial
Back to profitnet €11,946
Net result €11,946 after 3 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Evere · 1 establishment unit since 1945
Ground area
3,488 m²
Building footprint
63 m²
Volume, LiDAR
859 m³
2 parcels, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
PHOENIX Buildings&Developments
since 19452.007.321.859
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0090/00V000 | Brussels | 3,413 m² | - | - |
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 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 15,524 companies in sector 43990 we hold annual accounts for 7,427. 4,892 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
Founded07-11-1945
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
68121Development of residential building projects
47521Retail sale of hardware, building materials, paint and glass (general range)
47525Retail trade
71121Engineering and related technical consultancy, excluding land surveyors
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0403404687
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.