PHOENIX COACHING & DEVELOPMENT SOLUTIONS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-05-2026 PDF all 10 filings
Turnover
≈ €170,000
Estimated: probably between €150,000 and €200,000
Total assets
€315,199▼ 16.0%
2024 · €375,375
Net result
€47,778▼ 44.6%
2024 · €86,273
Working capital
€235,768▼ 5.4%
2024 · €249,227
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€58,871
▼ 45.5%
2025
20182025
Net result
€47,778
▼ 44.6%
2025
middle half of the sector
20182025
Equity
€305,571
▼ 6.9%
2025
highest quarter of the sector
20182025
Total assets
€315,199
▼ 16.0%
2025
middle half of the sector
20182025
Debt
€9,628
▼ 79.5%
2025
20182025
Working capital
€235,768
▼ 5.4%
2025
highest quarter of the sector
20182025
Solvency
96.9%
▲ 9.5pp
2025
highest quarter of the sector
20182025
Current ratio
25.49
▲ 19.19
2025
highest quarter of the sector
20182025
Return on assets (ROA)
15.2%
▼ 7.8pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€17,309-€26,295▲ 51.9%€20,489▼ 22.1%€38,423▲ 87.5%€69,373▲ 80.5%€94,201▲ 35.8%€108,051▲ 14.7%€58,871▼ 45.5%
Net result€15,257-€19,437▲ 27.4%€17,512within the sector's middle half▼ 9.9%€33,534within the sector's middle half▲ 91.5%€54,566within the sector's middle half▲ 62.7%€74,125above the sector's middle half▲ 35.8%€86,273above the sector's middle half▲ 16.4%€47,778within the sector's middle half▼ 44.6%
Equity€71,711-€103,548▲ 44.4%€121,060within the sector's middle half▲ 16.9%€154,594within the sector's middle half▲ 27.7%€191,513within the sector's middle half▲ 23.9%€265,638above the sector's middle half▲ 38.7%€328,382above the sector's middle half▲ 23.6%€305,571above the sector's middle half▼ 6.9%
Total assets€132,845-€146,172▲ 10.0%€159,655within the sector's middle half▲ 9.2%€193,995within the sector's middle half▲ 21.5%€262,650within the sector's middle half▲ 35.4%€317,859within the sector's middle half▲ 21.0%€375,375within the sector's middle half▲ 18.1%€315,199within the sector's middle half▼ 16.0%
Debt€61,135-€42,624▼ 30.3%€38,596▼ 9.5%€39,401▲ 2.1%€71,137▲ 80.5%€52,221▼ 26.6%€46,994▼ 10.0%€9,628▼ 79.5%
Working capital€26,912-€65,621▲ 144%€81,221within the sector's middle half▲ 23.8%€118,505within the sector's middle half▲ 45.9%€96,455within the sector's middle half▼ 18.6%€177,840above the sector's middle half▲ 84.4%€249,227above the sector's middle half▲ 40.1%€235,768above the sector's middle half▼ 5.4%
Solvency54.0%-70.8%▲ 16.9pp75.8%within the sector's middle half▲ 5.0pp79.7%above the sector's middle half▲ 3.9pp72.9%within the sector's middle half▼ 6.8pp83.6%above the sector's middle half▲ 10.7pp87.5%above the sector's middle half▲ 3.9pp96.9%above the sector's middle half▲ 9.5pp
Current ratio1.59-2.95▲ 1.363.24within the sector's middle half▲ 0.284.01within the sector's middle half▲ 0.772.36within the sector's middle half▼ 1.654.41within the sector's middle half▲ 2.056.30above the sector's middle half▲ 1.9025.49above the sector's middle half▲ 19.19
Return on assets (ROA)11.5%-13.3%▲ 1.8pp11.0%within the sector's middle half▼ 2.3pp17.3%within the sector's middle half▲ 6.3pp20.8%within the sector's middle half▲ 3.5pp23.3%within the sector's middle half▲ 2.5pp23.0%within the sector's middle half▼ 0.3pp15.2%within the sector's middle half▼ 7.8pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 46% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €315,199
Fixed assets
€69,804 ▼ 11.8%
Current assets
€245,395 ▼ 17.2%
Equity and liabilities €315,199
Equity
€305,571 ▼ 6.9%
Debt
€9,628 ▼ 79.5%
Debt's share of the balance-sheet total falls from 12.5% to 3.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€71,612▼
2024 · €122,040
Cash flow
€60,519▼
2024 · €100,262
Debt to equity
0.03▼
2024 · 0.14
ROE
15.6%▼
2024 · 26.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€9,628▼
2024 · €46,994
Income taxes
€13,049▼
2024 · €23,715
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,003 | €24,095 | €13,680 | €15,346 | €8,389 |
| Financial fixed assets | - | €50,000 | - | - | - |
| Depreciation and write-downs of the year | €9,014 | €15,124 | €18,180 | €13,989 | €12,741 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €178 awarded · €178 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,864 | €20,029 | €11,442 | €9,014 | €15,124 | €18,180 | €13,989 | €12,741 | ▼ 8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,800 | - | - | €28,995 | - |
| Other operating charges640/8 | - | - | - | €1,090 | €1,161 | €1,237 | €2,003 | €1,216 | ▼ 39.3% |
| Gross operating margin9900 | €35,903 | €47,817 | €32,994 | €48,527 | €87,458 | €113,618 | €124,042 | €101,822 | ▼ 17.9% |
| Operating profit (loss)9901 | €17,309 | €26,295 | €20,489 | €38,423 | €69,373 | €94,201 | €108,051 | €58,871 | ▼ 45.5% |
| Financial income75/76B | - | - | - | €4,534 | €101 | €555 | €2,062 | €2,019 | ▼ 2.1% |
| Recurring financial income75 | €1,051 | €0 | €1 | €4,534 | €101 | €555 | €2,062 | €2,019 | ▼ 2.1% |
| Financial charges65/66B | - | - | - | €392 | €205 | €162 | €125 | €62 | ▼ 50.3% |
| Recurring financial charges65 | €893 | €681 | €523 | €392 | €205 | €162 | €125 | €62 | ▼ 50.3% |
| Profit (loss) for the period before taxes9903 | €17,467 | €25,614 | €19,967 | €42,565 | €69,269 | €94,594 | €109,988 | €60,827 | ▼ 44.7% |
| Income taxes67/77 | €2,210 | €6,177 | €2,455 | €9,031 | €14,702 | €20,469 | €23,715 | €13,049 | ▼ 45.0% |
| Profit (loss) for the period9904 | €15,257 | €19,437 | €17,512 | €33,534 | €54,566 | €74,125 | €86,273 | €47,778 | ▼ 44.6% |
| Profit (loss) for the period to be appropriated9905 | €15,257 | €19,437 | €17,512 | €33,534 | €54,566 | €74,125 | €86,273 | €47,778 | ▼ 44.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €132,845 | €146,172 | €159,655 | €193,995 | €262,650 | €317,859 | €375,375 | €315,199 | ▼ 16.0% |
| Fixed assets21/28 | €60,454 | €46,921 | €42,099 | €36,089 | €95,059 | €87,798 | €79,155 | €69,804 | ▼ 11.8% |
| Tangible fixed assets22/27 | €60,454 | €46,921 | €42,099 | €36,089 | €45,059 | €37,798 | €39,155 | €34,804 | ▼ 11.1% |
| Plant, machinery and equipment23 | - | - | - | €588 | €5,517 | €7,258 | €5,910 | €5,813 | ▼ 1.6% |
| Furniture and vehicles24 | - | - | - | €7,890 | €14,718 | €10,128 | €17,764 | €16,808 | ▼ 5.4% |
| Other tangible fixed assets26 | - | - | - | €27,611 | €24,823 | €20,412 | €15,480 | €12,182 | ▼ 21.3% |
| Financial fixed assets28 | - | - | - | - | €50,000 | €50,000 | €40,000 | €35,000 | ▼ 12.5% |
| Current assets29/58 | €72,391 | €99,251 | €117,556 | €157,907 | €167,592 | €230,061 | €296,220 | €245,395 | ▼ 17.2% |
| Amounts receivable within one year40/41 | €6,933 | €5,581 | €3,604 | €10,875 | €35,777 | €91,681 | €51,225 | €47,640 | ▼ 7.0% |
| Trade receivables40 | - | - | - | €7,327 | €33,596 | €50,492 | €13,385 | €8,496 | ▼ 36.5% |
| Other amounts receivable41 | - | - | - | €3,548 | €2,181 | €41,189 | €37,841 | €39,144 | ▲ 3.4% |
| Cash at bank and in hand54/58 | €63,376 | €92,964 | €107,312 | €141,719 | €127,157 | €133,766 | €228,910 | €194,478 | ▼ 15.0% |
| Deferred charges and accrued income490/1 | - | - | - | €5,312 | €4,658 | €4,614 | €16,085 | €3,278 | ▼ 79.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €132,845 | €146,172 | €159,655 | €193,995 | €262,650 | €317,859 | €375,375 | €315,199 | ▼ 16.0% |
| Equity10/15 | €71,711 | €103,548 | €121,060 | €154,594 | €191,513 | €265,638 | €328,382 | €305,571 | ▼ 6.9% |
| Contributions10/11 | €6,200 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €65,511 | €84,948 | €102,460 | €135,994 | €172,913 | €247,038 | €309,782 | €286,971 | ▼ 7.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €134,134 | €171,053 | €245,178 | €309,782 | €286,971 | ▼ 7.4% |
| Amounts payable17/49 | €61,135 | €42,624 | €38,596 | €39,401 | €71,137 | €52,221 | €46,994 | €9,628 | ▼ 79.5% |
| Amounts payable after more than one year17 | €15,655 | €8,994 | €2,261 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €45,480 | €33,630 | €36,335 | €39,401 | €71,137 | €52,221 | €46,994 | €9,628 | ▼ 79.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,257 | - | - | - | - | - |
| Trade debts44 | €2,495 | €4,067 | €5,413 | €9,078 | €34,017 | €30,085 | €33,793 | €4,251 | ▼ 87.4% |
| Suppliers440/4 | - | - | - | €9,078 | €34,017 | €30,085 | €33,793 | €4,251 | ▼ 87.4% |
| Advances received on contracts in progress46 | - | - | - | - | €555 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €12,399 | €19,634 | €9,970 | €9,890 | €3,627 | ▼ 63.3% |
| Taxes450/3 | - | - | - | €12,399 | €19,284 | €9,970 | €9,890 | €3,627 | ▼ 63.3% |
| Remuneration and social security454/9 | - | - | - | - | €350 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €15,667 | €16,932 | €12,166 | €3,311 | €1,749 | ▼ 47.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,257 | €19,437 | €17,512 | €33,534 | €54,566 | €74,125 | €86,273 | €47,778 | ▼ 44.6% |
| + Depreciation and write-downs630 | €17,864 | €20,029 | €11,442 | €9,014 | €15,124 | €18,180 | €13,989 | €12,741 | ▼ 8.9% |
| Operating cash flow (approximation) | €33,121 | €39,466 | €28,954 | €42,548 | €69,690 | €92,305 | €100,262 | €60,519 | ▼ 39.6% |
| Investment in fixed assets (approximation) | - | -€6,496 | -€6,620 | -€3,003 | -€74,094 | -€10,919 | -€5,346 | -€3,389 | ▲ 36.6% |
| Change in cash | - | €29,588 | €14,347 | €34,408 | -€14,562 | €6,609 | €95,144 | -€34,432 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as PHOENIX COACHING & DEVELOPMENT SOLUTIONS has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of PHOENIX COACHING & DEVELOPMENT SOLUTIONS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for PHOENIX COACHING & DEVELOPMENT SOLUTIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-05-2026 | 2026-00118639 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00344363 | |
| 31-12-2023 | micro format | 28-09-2024 | 2024-00486522 | |
| 31-12-2022 | micro format | 26-09-2023 | 2023-00458254 | |
| 31-12-2021 | micro format | 15-10-2022 | 2022-20466968 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-66000218 | |
| 31-12-2019 | micro format | 06-10-2020 | 2020-60600575 | |
| 31-12-2018 | micro format | 19-07-2019 | 2019-34800190 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-24500391 | |
| 31-12-2016 | abbreviated format | 10-05-2017 | 2017-11700369 |