Phoenix Construct
ActiveSummary
Phoenix Construct has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€289,924) and a net result of -€28,806. Equity is shrinking by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 9268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▲+9
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 0.43 in 2024; short-term debt: 213% and cash: 0.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
-113%
Return on assets
-11.2%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€289,924
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-12-2025, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
31 d early
2024
49 d early
2023
23 d early
2022
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€289,924▼ 11.0%
2024 · -€261,119
Total assets
€256,634▲ 29.2%
2024 · €198,661
Net result
-€28,806▲ 70.1%
2024 · -€96,491
Working capital
-€289,924▼ 11.0%
2024 · -€261,119
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€27,985--€180,746-€77,386▲ 57.2%-€19,668▲ 74.6%
Net result-€184,628-€96,491▲ 47.7%-€28,806▲ 70.1%
Equity€20,000--€164,628-€261,119▼ 58.6%-€289,924▼ 11.0%
Total assets€1.2m-€246,909▼ 78.9%€198,661▼ 19.5%€256,634▲ 29.2%
Debt€1.2m-€411,537▼ 64.3%€459,779▲ 11.7%€546,558▲ 18.9%
Working capital€20,000--€164,628-€261,119▼ 58.6%-€289,924▼ 11.0%
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 €19,668 in 2025 against €77,386 in 2024; the loss shrinks.
Key figures and ratios
Solvency
-113.0%▲
2024 · -131.4%
Current ratio
0.47▲
2024 · 0.43
Quick ratio
0.01▼
2024 · 0.07
Debt to equity
-1.89▼
2024 · -1.76
ROA
-11.2%▲
2024 · -48.6%
Debt ≤ 1 year
€546,558▲
2024 · €459,779
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,369 | - | - | - | - |
| Other operating charges640/8 | €2,165 | €2,206 | €470 | €2,605 | ▲ 455% |
| Gross operating margin9900 | €31,519 | -€178,540 | -€76,916 | -€17,063 | ▲ 77.8% |
| Operating profit (loss)9901 | €27,985 | -€180,746 | -€77,386 | -€19,668 | ▲ 74.6% |
| Financial income75/76B | €12,893 | €10,219 | €3,289 | €6,952 | ▲ 111% |
| Recurring financial income75 | €12,893 | €10,219 | €3,289 | €6,952 | ▲ 111% |
| Financial charges65/66B | €40,879 | €14,101 | €22,394 | €16,090 | ▼ 28.2% |
| Recurring financial charges65 | €40,879 | €14,101 | €22,394 | €16,090 | ▼ 28.2% |
| Profit (loss) for the period before taxes9903 | - | -€184,628 | -€96,491 | -€28,806 | ▲ 70.1% |
| Profit (loss) for the period9904 | - | -€184,628 | -€96,491 | -€28,806 | ▲ 70.1% |
| Profit (loss) for the period to be appropriated9905 | - | -€184,628 | -€96,491 | -€28,806 | ▲ 70.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.2m | €246,909 | €198,661 | €256,634 | ▲ 29.2% |
| Current assets29/58 | €1.2m | €246,909 | €198,661 | €256,634 | ▲ 29.2% |
| Stocks and contracts in progress3 | €950,264 | €23,120 | €168,021 | €250,096 | ▲ 48.8% |
| Contracts in progress37 | €950,264 | €23,120 | €168,021 | €250,096 | ▲ 48.8% |
| Amounts receivable within one year40/41 | €143,501 | €121,450 | €25,227 | €4,928 | ▼ 80.5% |
| Trade receivables40 | €93,501 | €62,601 | €3,593 | €3,593 | = |
| Other amounts receivable41 | €50,000 | €58,849 | €21,634 | €1,335 | ▼ 93.8% |
| Cash at bank and in hand54/58 | €71,290 | €102,275 | €5,348 | €1,543 | ▼ 71.1% |
| Deferred charges and accrued income490/1 | €7,122 | €64 | €65 | €66 | ▲ 1.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.2m | €246,909 | €198,661 | €256,634 | ▲ 29.2% |
| Equity10/15 | €20,000 | -€164,628 | -€261,119 | -€289,924 | ▼ 11.0% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | - | -€184,628 | -€281,119 | -€309,924 | ▼ 10.2% |
| Amounts payable17/49 | €1.2m | €411,537 | €459,779 | €546,558 | ▲ 18.9% |
| Amounts payable within one year42/48 | €1.2m | €411,537 | €459,779 | €546,558 | ▲ 18.9% |
| Financial debts43 | - | - | €94,172 | €145,000 | ▲ 54.0% |
| Credit institutions430/8 | - | - | €94,172 | €145,000 | ▲ 54.0% |
| Trade debts44 | €21,960 | €196,970 | €6,504 | €12,392 | ▲ 90.5% |
| Suppliers440/4 | €21,960 | €196,970 | €6,504 | €12,392 | ▲ 90.5% |
| Advances received on contracts in progress46 | €980,774 | - | - | - | - |
| Taxes, remuneration and social security45 | €9,447 | €3,110 | €2,005 | - | - |
| Taxes450/3 | €9,447 | €3,110 | €2,005 | - | - |
| Other amounts payable47/48 | €139,996 | €211,457 | €357,098 | €389,166 | ▲ 9.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | -€184,628 | -€96,491 | -€28,806 | ▲ 70.1% |
| + Depreciation and write-downs630 | €1,369 | - | - | - | - |
| Operating cash flow (approximation) | €1,369 | -€184,628 | -€96,491 | -€28,806 | ▲ 70.1% |
| Change in cash | - | €30,985 | -€96,927 | -€3,804 | ▲ 96.1% |
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
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kalmthout · 1 establishment unit since 2020
Ground area
8,765 m²
Building footprint
4,583 m²
Volume, LiDAR
26,931 m³
Parcel 11662E0514/00H002, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Phoenix Construct
since 20202.307.541.512
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0514/00H002 | Flanders | 8,765 m² | 1 · 4,583 m² | 6.7 m · 2 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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 4,055 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
Founded08-09-2020
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.