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Phoenix Network

Active
Private limited companyfounded 20242 yrs activeOude Heidestraat 8, 2950 Kapellen, BelgiumKBO/BCE: BE 1009.689.529
Summary

Phoenix Network has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€19,903) and a net result of -€22,903. Its solvency ranks better than 5% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72; short-term debt: 138.7% and cash: 1.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-56.8%
Return on assets
-65.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
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 30-07-2026, 1 day ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
1 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Phoenix Network was incorporated on 26 May 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€19,903
Total assets
€35,069
Net result
-€22,903
Working capital
-€13,570

Turnover and EBIT margin not published: the micro schema does not require them.

Key figures and ratios
2025 value
EBITDA
-€20,266
Cash flow
-€21,643
Solvency
-56.8%
Current ratio
0.72
Debt to equity
-2.76
ROA
-65.3%
Interest coverage
-11.28
Debt
€54,972
Debt ≤ 1 year
€48,639
Debt > 1 year
€6,000
Staff costs
€78,464
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€35,069
Current assets29/58€35,069
Amounts receivable within one year40/41€34,348
Trade receivables40€26,363
Other amounts receivable41€7,985
Cash at bank and in hand54/58€453
Deferred charges and accrued income490/1€268
Equity and liabilities
Total equity and liabilities10/49€35,069
Equity10/15-€19,903
Contributions10/11€3,000
Profit (loss) carried forward14-€22,903
Amounts payable17/49€54,972
Amounts payable after more than one year17€6,000
Financial debts170/4€6,000
Amounts payable within one year42/48€48,639
Trade debts44€3,558
Suppliers440/4€3,558
Taxes, remuneration and social security45€45,081
Taxes450/3€1,260
Remuneration and social security454/9€43,820
Accrued charges and deferred income492/3€333
Income statement Code2025
Remuneration, social security and pensions62€78,464
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,260
Other operating charges640/8€281
Gross operating margin9900€58,479
Operating profit (loss)9901-€21,526
Financial income75/76B€420
Recurring financial income75€420
Financial charges65/66B€1,796
Recurring financial charges65€1,796
Profit (loss) for the period before taxes9903-€22,903
Profit (loss) for the period9904-€22,903
Profit (loss) for the period to be appropriated9905-€22,903
Appropriation of the result
Profit (loss) to be appropriated9906-€22,903

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€78,464
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,260
Other operating charges640/8€281
Gross operating margin9900€58,479
Operating profit (loss)9901-€21,526
Financial income75/76B€420
Recurring financial income75€420
Financial charges65/66B€1,796
Recurring financial charges65€1,796
Profit (loss) for the period before taxes9903-€22,903
Profit (loss) for the period9904-€22,903
Profit (loss) for the period to be appropriated9905-€22,903
Line2025
Assets
Total assets20/58€35,069
Current assets29/58€35,069
Amounts receivable within one year40/41€34,348
Trade receivables40€26,363
Other amounts receivable41€7,985
Cash at bank and in hand54/58€453
Deferred charges and accrued income490/1€268
Equity and liabilities
Total equity and liabilities10/49€35,069
Equity10/15-€19,903
Contributions10/11€3,000
Profit (loss) carried forward14-€22,903
Amounts payable17/49€54,972
Amounts payable after more than one year17€6,000
Financial debts170/4€6,000
Amounts payable within one year42/48€48,639
Trade debts44€3,558
Suppliers440/4€3,558
Taxes, remuneration and social security45€45,081
Taxes450/3€1,260
Remuneration and social security454/9€43,820
Accrued charges and deferred income492/3€333
Line2025
Profit (loss) for the period9904-€22,903
+ Depreciation and write-downs630€1,260
Operating cash flow (approximation)-€21,643

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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Timeline · acts, filings and financial milestones

2026
30-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Kapellen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
767 m²
Building footprint
129 m²
Volume, LiDAR
3 m³
Parcel 11902H0132/00N002, Flanders · tallest building 0.5 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Phoenix Network
Oude Heidestraat 8, 2950 KapellenComputer programming, consultancy and related activities
since 20242.360.283.182
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11902H0132/00N002 Flanders 767 m² 1 · 129 m² 0.5 m
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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded26-05-2024
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
82990Other business support services

Scores and ratios are computed by Checked and are not a credit decision.