PHOENIX VASTGOED
ActivePHOENIX VASTGOED has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €113k and a net result of €4k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33=
Solvency32=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.18 against 1.19 in 2023; short-term debt: 48.4% and cash: 0.2% of total assets), and 93% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-12-2025, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
152 d late
2023
106 d late
2022
72 d late
2021
89 d late
2020
142 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€113k▲ 3.7%
2023 · €109k
2018: €68k
2019: €68k
2020: €88k
2021: €89k
2022: €103k
2023: €109k
2018 → 2024
Total assets
€1.63M▲ 6.1%
2023 · €1.53M
2018: €841k
2019: €854k
2020: €897k
2021: €885k
2022: €1.44M
2023: €1.53M
2018 → 2024
Net result
€4k▼ 38.1%
2023 · €7k
2018: €43k
2019: €637
2020: €20k
2021: €1k
2022: €13k
2023: €7k
2018 → 2024
Working capital
€140k▲ 9.6%
2023 · €128k
2018: €-103k
2019: €-136k
2020: €-147k
2021: €-133k
2022: €248k
2023: €128k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€88k-€89k▲ 1.2%€103k▲ 15.2%€109k▲ 6.4%€113k▲ 3.7%
Operating result€51k-€22k▼ 57.2%€46k▲ 110%€56k▲ 21.6%€39k▼ 30.0%
Net result€20k-€1k▼ 94.7%€13k▲ 1,180%€7k▼ 51.1%€4k▼ 38.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 30% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.63M
Fixed assets
€699k▼ 2.4%
Current assets
€929k▲ 13.6%
Equity and liabilities €1.63M
Equity
€113k▲ 3.7%
Debt
€1.52M▲ 6.3%
The debt ratio rises from 92.9% to 93.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56k▼
2023 · €76k
Cash flow
€22k▼
2023 · €27k
Solvency
7.0%▼
2023 · 7.1%
Current ratio
1.18▼
2023 · 1.19
Quick ratio
0.18▲
2023 · 0.12
Debt / equity
13.39▲
2023 · 13.06
ROE
3.6%▼
2023 · 6.0%
ROA
0.3%▼
2023 · 0.4%
Interest coverage
1.70▲
2023 · 1.69
Debt
€1.52M▲
2023 · €1.43M
Debt ≤ 1 year
€789k▲
2023 · €690k
Debt > 1 year
€726k=
2023 · €726k
Income taxes
€2k▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.53M€1.63M▲
Fixed assets21/28€717k€699k▼
Tangible fixed assets22/27€717k€699k▼
Land and buildings22€715k€698k▼
Plant, machinery and equipment23€2k€1k▼
Financial fixed assets28€25€25=
Current assets29/58€818k€929k▲
Stocks and contracts in progress3€733k€789k▲
Stocks30/36€664k€604k▼
Contracts in progress37€69k€185k▲
Amounts receivable within one year40/41€62k€133k▲
Trade receivables40€62k€133k▲
Cash at bank and in hand54/58€19k€4k▼
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€1.53M€1.63M▲
Equity10/15€109k€113k▲
Contributions10/11€25k€25k=
Reserves13€84k€88k▲
Distributable reserves133€84k€88k▲
Amounts payable17/49€1.43M€1.52M▲
Amounts payable after more than one year17€726k€726k=
Financial debts170/4€726k€726k=
Amounts payable within one year42/48€690k€789k▲
Current portion of amounts payable after more than one year42€76k€384k▲
Financial debts43€244k€3k▼
Credit institutions430/8€244k€3k▼
Trade debts44€98k€39k▼
Suppliers440/4€98k€39k▼
Advances received on contracts in progress46-€53k
Taxes, remuneration and social security45€18k€12k▼
Taxes450/3€18k€12k▼
Other amounts payable47/48€254k€298k▲
Accrued charges and deferred income492/3€9k€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€18k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€80k€58k▼
Operating profit (loss)9901€56k€39k▼
Financial income75/76B€425€344▼
Recurring financial income75€425€344▼
Financial charges65/66B€45k€33k▼
Recurring financial charges65€45k€33k▼
Profit (loss) for the period before taxes9903€11k€6k▼
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€7k€4k▼
Profit (loss) for the period to be appropriated9905€7k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€4k▼
Transfer to equity691/2€7k€4k▼
To other reserves6921€7k€4k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 152 days late
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 106 days late
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 72 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 1.55
Current ratio from 0.50 to 1.55.
31-12
Financial
Equity above €100kEq €103k ▲15.2%
5 profitable years in a row build equity to €103k.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 142 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €637 ▼98.5%
Net result drops to €637, the lowest in the series; recovery starts the following year.
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
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brasschaat · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bloemenlei 502930 BrasschaatGround area
2,299 m²
Building footprint
285 m²
Volume, LiDAR
2,528 m³
2 parcels, Flanders · tallest building 22.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Phoenix Vastgoed
since 20132.217.973.888
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0166/00G005 | Flanders | 1,996 m² | 1 · 202 m² | 22.1 m · 3 fl. |
| 11323F0023/00F009 | Flanders | 303 m² | 1 · 82 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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B - HOLDING
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,381. 3,750 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-02-2013
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
43350Other building finishing work
68310Real estate agency activities
68311Real estate activities
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.