PHOENIX SOLUTIONS
ActiveSummary
PHOENIX SOLUTIONS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€42,182) and a net result of -€8,994. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 2071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.07 in 2024; short-term debt: 699.1% and cash: 15.2% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% 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
-599.1%
Return on assets
-127.7%
Age of the figures
9 mo
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 · 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 -€42,182
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
31 d late
2023
3 d late
2022
7 d late
2021
11 d early
2020
20 d late
2019
70 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 22 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% 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 7 August (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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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€8,994
2024 · €4,919
Working capital
-€48,154▼ 17.5%
2024 · -€40,982
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, 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€12▼ 99.8%€20,322▲ 175,241%€1,194▼ 94.1%€5,073▲ 325%-€8,843
Net result-€153within the sector's middle half€20,169within the sector's middle half€903within the sector's middle half▼ 95.5%€4,919within the sector's middle half▲ 445%-€8,994below the sector's middle half
Equity-€59,180below the sector's middle half▼ 0.3%-€39,011below the sector's middle half▲ 34.1%-€38,108below the sector's middle half▲ 2.3%-€33,189below the sector's middle half▲ 12.9%-€42,182below the sector's middle half▼ 27.1%
Total assets€13,496below the sector's middle half▲ 319%€12,818below the sector's middle half▼ 5.0%€15,038below the sector's middle half▲ 17.3%€10,768below the sector's middle half▼ 28.4%€7,041below the sector's middle half▼ 34.6%
Debt€72,677▲ 16.8%€51,829▼ 28.7%€53,146▲ 2.5%€43,957▼ 17.3%€49,223▲ 12.0%
Working capital-€60,630below the sector's middle half▼ 2.7%-€49,196below the sector's middle half▲ 18.9%-€48,539below the sector's middle half▲ 1.3%-€40,982below the sector's middle half▲ 15.6%-€48,154below the sector's middle half▼ 17.5%
Solvency-438.5%below the sector's middle half-304.3%below the sector's middle half▲ 134.2pp-253.4%below the sector's middle half▲ 50.9pp-308.2%below the sector's middle half▼ 54.8pp-599.1%below the sector's middle half▼ 290.9pp
Current ratio0.17below the sector's middle half0.05below the sector's middle half▼ 0.110.09below the sector's middle half▲ 0.040.07below the sector's middle half▼ 0.020.02below the sector's middle half▼ 0.05
Return on assets (ROA)-1.1%within the sector's middle half157.3%above the sector's middle half▲ 158.5pp6.0%within the sector's middle half▼ 151.3pp45.7%above the sector's middle half▲ 39.7pp-127.7%below the sector's middle half▼ 173.4pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8,843 after €5,073 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7,041
Fixed assets
€5,971 ▼ 23.4%
Current assets
€1,069 ▼ 64.1%
Key figures and ratios
EBITDA
-€4,873▼
2024 · €9,925
Cash flow
-€5,024▼
2024 · €9,771
Debt to equity
-1.17▲
2024 · -1.32
Interest coverage
-24.27▼
2024 · 64.75
Debt ≤ 1 year
€49,223▲
2024 · €43,957
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,906 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20 | €3,003 | €4,134 | €4,852 | €3,970 | ▼ 18.2% |
| Other operating charges640/8 | - | €348 | €384 | - | - | - |
| Non-recurring operating charges66A | - | - | - | €1,429 | €2,178 | ▲ 52.4% |
| Gross operating margin9900 | €32 | €23,673 | €5,712 | €11,354 | -€2,695 | ▼ 124% |
| Operating profit (loss)9901 | €12 | €20,322 | €1,194 | €5,073 | -€8,843 | ▼ 274% |
| Financial income75/76B | - | - | - | - | €50 | - |
| Recurring financial income75 | - | - | - | - | €50 | - |
| Financial charges65/66B | €165 | €153 | €291 | €153 | €201 | ▲ 31.0% |
| Recurring financial charges65 | €165 | €153 | €291 | €153 | €201 | ▲ 31.0% |
| Profit (loss) for the period before taxes9903 | -€153 | €20,169 | €903 | €4,919 | -€8,994 | ▼ 283% |
| Profit (loss) for the period9904 | -€153 | €20,169 | €903 | €4,919 | -€8,994 | ▼ 283% |
| Profit (loss) for the period to be appropriated9905 | -€153 | €20,169 | €903 | €4,919 | -€8,994 | ▼ 283% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,496 | €12,818 | €15,038 | €10,768 | €7,041 | ▼ 34.6% |
| Fixed assets21/28 | €1,449 | €10,185 | €10,431 | €7,793 | €5,971 | ▼ 23.4% |
| Tangible fixed assets22/27 | €1,449 | €10,185 | €10,431 | €7,793 | €5,971 | ▼ 23.4% |
| Plant, machinery and equipment23 | - | €8,400 | €6,300 | €4,200 | €2,100 | ▼ 50.0% |
| Furniture and vehicles24 | €1,449 | €1,785 | €4,131 | €3,593 | €3,871 | ▲ 7.7% |
| Current assets29/58 | €12,047 | €2,633 | €4,607 | €2,975 | €1,069 | ▼ 64.1% |
| Amounts receivable within one year40/41 | €883 | €1,594 | €1,518 | - | - | - |
| Trade receivables40 | €883 | €1,594 | €1,518 | - | - | - |
| Cash at bank and in hand54/58 | €10,352 | €1,039 | €3,089 | €2,975 | €1,069 | ▼ 64.1% |
| Deferred charges and accrued income490/1 | €812 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,496 | €12,818 | €15,038 | €10,768 | €7,041 | ▼ 34.6% |
| Equity10/15 | -€59,180 | -€39,011 | -€38,108 | -€33,189 | -€42,182 | ▼ 27.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €144 | €144 | €144 | €144 | €144 | = |
| Non-distributable reserves130/1 | €144 | €144 | €144 | - | - | - |
| Reserves not available under the articles1311 | €144 | €144 | €144 | - | - | - |
| Distributable reserves133 | - | - | - | €144 | €144 | = |
| Profit (loss) carried forward14 | -€65,524 | -€45,355 | -€44,452 | -€39,533 | -€48,526 | ▼ 22.8% |
| Amounts payable17/49 | €72,677 | €51,829 | €53,146 | €43,957 | €49,223 | ▲ 12.0% |
| Amounts payable within one year42/48 | €72,677 | €51,829 | €53,146 | €43,957 | €49,223 | ▲ 12.0% |
| Trade debts44 | €49,731 | €40,019 | €36,556 | €30,446 | €25,681 | ▼ 15.6% |
| Suppliers440/4 | €49,731 | €40,019 | €36,556 | €30,446 | €25,681 | ▼ 15.6% |
| Advances received on contracts in progress46 | - | - | €1,051 | - | - | - |
| Taxes, remuneration and social security45 | €105 | €1,756 | €621 | €2,805 | €355 | ▼ 87.3% |
| Taxes450/3 | €105 | €1,756 | €621 | €2,805 | €355 | ▼ 87.3% |
| Other amounts payable47/48 | €22,840 | €10,054 | €14,918 | €10,706 | €23,187 | ▲ 117% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€153 | €20,169 | €903 | €4,919 | -€8,994 | ▼ 283% |
| + Depreciation and write-downs630 | €20 | €3,003 | €4,134 | €4,852 | €3,970 | ▼ 18.2% |
| Operating cash flow (approximation) | -€133 | €23,172 | €5,037 | €9,771 | -€5,024 | ▼ 151% |
| Investment in fixed assets (approximation) | - | -€11,739 | -€4,380 | -€2,214 | -€2,148 | ▲ 3.0% |
| Change in cash | - | -€9,313 | €2,050 | -€114 | -€1,906 | ▼ 1,572% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
03-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 3 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Back to profitnet €20,169
Net result €20,169 after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
31-12
Financial
Back to profitnet €6,981
Net result €6,981 after 2 loss-making years.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Schaarbeek · 1 establishment unit since 2013
Ground area
3,088 m²
Building footprint
714 m²
Volume, LiDAR
14,472 m³
Parcel 21904B0399/00S015, Brussels · tallest building 29.9 m, ±8 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Leopold III-laan 11, 1030 Schaarbeek
since 20132.223.425.585
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0399/00S015 | Brussels | 3,088 m² | 1 · 714 m² | 29.9 m · 8 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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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 11,672 companies in sector 85599 we hold annual accounts for 1,330. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-09-2013
Fiscal year end31-12
Abbreviation FR
E.B.T.
Activities, NACEBEL 2025
85599Other education
73110Advertising agencies
82990Other business support services
85592Vocational training
E-invoicing
Reachable via Peppol
Peppol ID
0208:0538723746
Also
9925:BE0538723746
Registered
31-12-2025
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.