PHPTELECOM
ActivePHPTELECOM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68k and a net result of €-10k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 253 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 10.85 against 11.33 in 2024), and 8.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Sector 61
higher
← 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 · 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
91.2%
Return on assets
-13.3%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€10k
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
27 d late
2023
29 d late
2022
8 d late
2021
24 d late
2020
37 d late
2019
92 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
09-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€68k▼ 25.0%
2024 · €91k
2018: €75k
2019: €65k
2020: €73k
2021: €85k
2022: €91k
2023: €91k
2024: €91k
2018 → 2025
Total assets
€74k▼ 27.4%
2024 · €103k
2018: €98k
2019: €85k
2020: €85k
2021: €125k
2022: €124k
2023: €109k
2024: €103k
2018 → 2025
Net result
€-10k▼ 1,996%
2024 · €-471
2018: €2k
2019: €-10k
2020: €7k
2021: €13k
2022: €6k
2023: €77
2024: €-471
2018 → 2025
Working capital
€62k▼ 24.8%
2024 · €83k
2018: €72k
2019: €66k
2020: €75k
2021: €81k
2022: €86k
2023: €80k
2024: €83k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€91k▲ 6.6%€91k▲ 0.1%€91k▼ 0.5%€68k▼ 25.0%
Operating result€16k-€11k▼ 34.3%€-129€-905▼ 603%€-10k▼ 1,056%
Net result€13k-€6k▼ 56.2%€77▼ 98.6%€-471€-10k▼ 1,996%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €905 in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€6k▼ 51.0%
Current assets
€69k▼ 24.4%
Equity and liabilities €74k
Equity
€68k▼ 25.0%
Debt
€7k▼ 45.5%
The debt ratio falls from 11.7% to 8.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-5k▼
2024 · €8k
Cash flow
€-4k▼
2024 · €8k
Solvency
91.2%▲
2024 · 88.3%
Current ratio
10.85▼
2024 · 11.33
Quick ratio
10.85▼
2024 · 11.33
Debt / equity
0.10▼
2024 · 0.13
ROE
-14.5%▼
2024 · -0.5%
ROA
-13.3%▼
2024 · -0.5%
Interest coverage
-13.06▼
2024 · 19.90
Debt
€7k▼
2024 · €12k
Debt ≤ 1 year
€6k▼
2024 · €8k
Debt > 1 year
€0▼
2024 · €4k
Income taxes
€0▼
2024 · €311
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€103k€74k▼
Fixed assets21/28€12k€6k▼
Tangible fixed assets22/27€12k€6k▼
Plant, machinery and equipment23€101€0▼
Furniture and vehicles24€7k€2k▼
Other tangible fixed assets26€4k€4k=
Current assets29/58€91k€69k▼
Amounts receivable after more than one year29€50k€37k▼
Other amounts receivable291€50k€37k▼
Amounts receivable within one year40/41€7k€7k▲
Trade receivables40€5k€5k▼
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€34k€24k▼
Deferred charges and accrued income490/1-€14
Equity and liabilities
Total equity and liabilities10/49€103k€74k▼
Equity10/15€91k€68k▼
Contributions10/11€6k€6k=
Reserves13€26k€13k▼
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Distributable reserves133€18k€6k▼
Profit (loss) carried forward14€58k€49k▼
Amounts payable17/49€12k€7k▼
Amounts payable after more than one year17€4k€0▼
Financial debts170/4€4k€0▼
Amounts payable within one year42/48€8k€6k▼
Current portion of amounts payable after more than one year42€5k€4k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€687€310▼
Taxes450/3€687€310▼
Accrued charges and deferred income492/3-€224
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€6k▼
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€10k€-3k▼
Operating profit (loss)9901€-905€-10k▼
Financial income75/76B€1k€940▼
Recurring financial income75€1k€940▼
Financial charges65/66B€391€348▼
Recurring financial charges65€391€348▼
Profit (loss) for the period before taxes9903€-160€-10k▼
Income taxes67/77€311€0▼
Profit (loss) for the period9904€-471€-10k▼
Profit (loss) for the period to be appropriated9905€-471€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€49k▼
Profit (loss) brought forward from the previous period14P€59k€58k▼
Transfer from equity791/2-€13k
Profit to be distributed694/7-€13k
Return on contributions (dividend)694-€13k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €13k ▲75.1%
Operating result €16k, net result €13k, both a record.
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 37 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Weakest financial yearnet €-10k ▼705%
Net result drops to €-10k, 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
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 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.
Have them read with priority
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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, Herve · 1 establishment unit since 2002
Ground area
1,256 m²
Building footprint
150 m²
Volume, LiDAR
605 m³
2 parcels, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Marché 25, 4650 Herve
since 20022.131.723.765
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0207/00H000 | Wallonia | 1,067 m² | 1 · 93 m² | 7.8 m · 2 fl. |
| 63035A0439/00F000 | Wallonia | 189 m² | 1 · 57 m² | - |
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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Of 1,370 companies in sector 61100 we hold annual accounts for 580. 400 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-09-2002
Fiscal year end31-12
Activities, NACEBEL
61100Wired, wireless and satellite telecommunications
61200Telecommunications
64200Holdings
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43990Other specialised construction activities
43999Specialised construction activities
45112
45215
45250
70200Business and other management consultancy
70220Business consulting
74142
92621
93121Football clubs
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.