PHP Management
Annual accounts 2025
micro format, filed on 30-09-2026, 61 days late-€18,274
▼ €23,730
-€44,479
▼ €33,152
€128,226
▲ €129,131
€334,582
▼ 22.2%
14.9%
▲ 13.1 percentage points
43.46
▲ 23.66
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €1.0m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
14.9%
Higher than 20% of 39,368 companies in 2025.
43.46
Higher than 95% of 38,051 companies in 2025.
12.6%
Higher than 47% of 38,523 companies in 2025.
PHP Management
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
1.0m | 1.3m | 854,404 | 981,581 | 858,265 | 108,585 | 94,649 | 242,877 | 54,081 | 79,504 | 99,872 | |
21/28 |
675,650 | 844,821 | 463,164 | 456,096 | 245,886 | 35,107 | 50,263 | 78,120 | 37,913 | 53,425 | 57,533 | |
21 |
55,934 | - | 0 | 0 | 0 | 906 | 1,811 | 4,739 | 8,072 | 6,877 | 9,305 | |
22/27 |
28,757 | 41,846 | 49,984 | 59,996 | 21,786 | 34,202 | 48,452 | 73,381 | 29,841 | 46,548 | 48,229 | |
24 |
28,757 | 41,846 | 49,984 | 59,996 | 21,786 | 34,202 | 48,452 | 73,381 | 29,841 | 46,548 | 48,229 | |
28 |
590,959 | 802,975 | 413,180 | 396,100 | 224,100 | - | - | - | - | - | - | |
29/58 |
342,462 | 452,982 | 391,240 | 525,485 | 612,378 | 73,478 | 44,386 | 164,757 | 16,169 | 26,079 | 42,339 | |
29 |
203,665 | 314,502 | 259,625 | 446,786 | 545,000 | - | - | - | - | - | - | |
290 |
198,890 | 272,792 | 217,915 | 446,786 | 545,000 | - | - | - | - | - | - | |
291 |
4,775 | 41,710 | 41,710 | - | - | - | - | - | - | - | - | |
40/41 |
102,917 | 99,810 | 104,849 | 22,687 | 53,089 | 59,180 | 23,433 | 20,144 | 6,906 | 18,768 | 15,590 | |
40 |
23,705 | 15,100 | 32,174 | 22,680 | 51,182 | 54,747 | 21,527 | 5,889 | 5,000 | 14,785 | 15,522 | |
41 |
79,212 | 84,710 | 72,675 | 7 | 1,906 | 4,433 | 1,906 | 14,255 | 1,906 | 3,983 | 68 | |
54/58 |
27,912 | 30,937 | 17,460 | 46,874 | 4,435 | 9,507 | 16,201 | 140,246 | 4,844 | 4,428 | 23,871 | |
490/1 |
7,968 | 7,733 | 9,305 | 9,138 | 9,855 | 4,791 | 4,752 | 4,367 | 4,418 | 2,883 | 2,878 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
1.0m | 1.3m | 854,404 | 981,581 | 858,265 | 108,585 | 94,649 | 242,877 | 54,081 | 79,504 | 99,872 | |
10/15 |
151,914 | 23,688 | 24,593 | 13,058 | -23,294 | -59,118 | -66,849 | -58,100 | 7,985 | 30,896 | 24,452 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
- | - | - | - | 18,600 | - | - | - | - | - | - | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
13,395 | 13,395 | 13,395 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
11,535 | 11,535 | 11,535 | - | - | - | - | - | - | - | - | |
14 |
119,919 | -8,307 | -7,402 | -7,402 | -43,754 | -79,578 | -87,309 | -78,560 | -12,475 | 10,436 | 3,992 | |
17/49 |
866,198 | 1.3m | 829,811 | 968,522 | 881,558 | 167,703 | 161,499 | 300,977 | 46,097 | 48,608 | 75,420 | |
17 |
856,232 | 1.3m | 802,732 | 956,732 | 866,732 | - | - | - | 0 | 20,000 | 50,000 | |
170/4 |
- | - | - | - | - | - | - | - | 0 | 20,000 | 50,000 | |
178/9 |
856,232 | 1.3m | 802,732 | 956,732 | 866,732 | - | - | - | - | - | - | |
42/48 |
7,880 | 22,883 | 25,453 | 11,343 | 12,726 | 165,603 | 159,399 | 298,877 | 43,997 | 26,508 | 23,920 | |
42 |
- | - | 0 | - | - | - | - | - | - | - | - | |
44 |
5,750 | 11,731 | 13,745 | 5,739 | 9,734 | 12,679 | 1,304 | 8,916 | 2,862 | 4,006 | 1,680 | |
440/4 |
5,750 | 11,731 | 13,745 | 5,739 | 9,734 | 12,679 | 1,304 | 8,916 | 2,862 | 4,006 | 1,680 | |
45 |
2,130 | 11,152 | 11,708 | 5,461 | 2,849 | 5,063 | 2,625 | 136,772 | 908 | 4,370 | 9,625 | |
450/3 |
169 | 1,871 | 10,563 | 4,362 | 2,849 | 5,063 | 2,625 | 136,772 | 908 | 4,370 | 9,625 | |
454/9 |
1,961 | 9,281 | 1,145 | 1,099 | - | - | - | - | - | - | 0 | |
47/48 |
- | - | 0 | 143 | 143 | 147,861 | 155,469 | 153,189 | 40,227 | 18,133 | 12,615 | |
492/3 |
2,086 | - | 1,626 | 447 | 2,100 | 2,100 | 2,100 | 2,100 | 2,100 | 2,100 | 1,500 | |
| Income statement | ||||||||||||
76A |
- | - | 143 | 2,337 | - | - | - | - | - | - | - | |
9900 |
-18,274 | 5,456 | 34,137 | 47,340 | 55,690 | 26,653 | 12,088 | -26,122 | -620 | 32,423 | 36,220 | |
630 |
25,409 | 15,199 | 14,698 | 7,291 | 18,075 | 17,402 | 18,975 | 33,415 | 20,684 | 19,962 | 18,967 | |
640/8 |
796 | 1,584 | 1,701 | 1,029 | 943 | 837 | 1,100 | 6,008 | 1,054 | 1,053 | 3,994 | |
9901 |
-44,479 | -11,327 | 17,738 | 39,020 | 36,673 | 8,413 | -7,987 | -65,544 | -22,359 | 11,407 | 13,260 | |
75/76B |
172,874 | 10,513 | 176 | - | - | 0 | - | 1 | 5 | 0 | 16 | |
75 |
172,874 | 10,513 | 176 | - | - | 0 | - | 1 | 5 | 0 | 16 | |
65/66B |
1 | - | 0 | 1 | - | 0 | - | 0 | 10 | 628 | 2,341 | |
65 |
1 | - | 0 | 1 | - | 0 | - | 0 | 10 | 628 | 2,341 | |
9903 |
128,394 | -814 | 17,913 | 39,019 | 36,673 | 8,413 | -7,987 | -65,544 | -22,364 | 10,780 | 10,935 | |
67/77 |
168 | 91 | 6,379 | 2,668 | 848 | 682 | 762 | 541 | 548 | 4,335 | 5,083 | |
9904 |
128,226 | -905 | 11,535 | 36,352 | 35,824 | 7,732 | -8,749 | -66,085 | -22,912 | 6,444 | 5,852 | |
9905 |
128,226 | -905 | 11,535 | 36,352 | 35,824 | 7,732 | -8,749 | -66,085 | -22,912 | 6,444 | 5,852 | |
| Appropriation of the result | ||||||||||||
9906 |
119,919 | -8,307 | 4,133 | -7,402 | -43,754 | -79,578 | -87,309 | -78,560 | -12,475 | 10,436 | 5,852 | |
14P |
-8,307 | -7,402 | -7,402 | -43,754 | -79,578 | - | - | - | - | - | - | |
691/2 |
- | - | 11,535 | 0 | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | 11,535 | 0 | - | - | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00537085.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00537085 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00413378 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00396946 | |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00356237 | |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20444612 | |
| 31-12-2020 | micro format | 05-07-2021 | 2021-31200310 | |
| 31-12-2019 | micro format | 18-09-2020 | 2020-53900269 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61500320 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-51900141 | |
| 31-12-2016 | micro format | 20-07-2017 | 2017-34400229 | |
| 31-12-2015 | full format | 18-08-2016 | 2016-44400276 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -19,070 | 3,872 | 32,436 | 46,311 | 54,748 | 25,815 | 10,988 | -32,130 | -1,675 | 31,370 | 32,226 | ||
| 153,635 | 14,294 | 26,233 | 43,643 | 53,900 | 25,134 | 10,226 | -32,670 | -2,227 | 26,407 | 24,818 | ||
| 68,255 | 1.1m | 64,777 | 237,225 | 228,855 | 2,246 | 649 | 73,622 | 5,172 | 15,854 | 76,500 | ||
| -3,025 | 13,477 | -29,414 | 42,439 | -5,073 | -6,694 | -124,045 | 135,402 | 416 | -19,443 | - | ||
| 334,582 | 430,099 | 365,787 | 514,142 | 599,652 | -92,125 | -115,013 | -134,120 | -27,828 | -429 | 18,419 | ||
| 14.9% | 1.8% | 2.9% | 1.3% | -2.7% | -54.4% | -70.6% | -23.9% | 14.8% | 38.9% | 24.5% | ||
| 43.46 | 19.80 | 15.37 | 46.33 | 48.12 | 0.44 | 0.28 | 0.55 | 0.37 | 0.98 | 1.77 | ||
| 5.70 | 53.79 | 33.74 | 74.17 | - | - | - | - | 5.77 | 1.57 | 3.08 | ||
| 84.4% | -3.8% | 46.9% | 278.4% | - | - | - | - | -286.9% | 20.9% | 23.9% | ||
| 12.6% | -0.1% | 1.4% | 3.7% | 4.2% | 7.1% | -9.2% | -27.2% | -42.4% | 8.1% | 5.9% | ||
| -19070.00 | - | - | over 100 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,575 | €7,060 | €4,687 | €60,225 | €4,755 |
| Intangible fixed assets | €64,680 | - | - | - | - |
| Financial fixed assets | - | €1.1m | €60,090 | €177,000 | €224,100 |
| €25,409 | €15,199 | €14,698 | €7,291 | €18,075 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on PHP Management
The operating result for 2025 is a loss of €44,479, larger than the loss of €11,327 in 2024. It is the lowest result since 2018.
Debt's share of the balance-sheet total falls from 98.2% to 85.1%. Equity is higher and debt is lower.