PHRONESIS
ActiveSummary
PHRONESIS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21,839 and a net result of -€3,303. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 95% of 2545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability1▼-17
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
cash: 0.7% of total assets, and 2.9% of the assets are financed with debt.
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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 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 2024Solvency, return and age of the figures
Solvency
97.1%
Return on assets
-14.7%
Age of the figures
21 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
36 d early
2023
7 d early
2022
9 d late
2020
139 d late
2019
2 d early
2018
on the day
2017
153 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 37 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€21,839▼ 13.1%
2023 · €25,142
Total assets
€22,492▼ 14.1%
2023 · €26,182
Net result
-€3,303▼ 1,284%
2023 · -€239
Working capital
€23,878
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182020202220232024
Operating result-€800--€1,056--€998--€1,677▼ 68.0%-€4,653▼ 178%
Net result€932-€1,051-€646--€239-€3,303▼ 1,284%
Equity€21,108-€24,383-€25,381-€25,142▼ 0.9%€21,839▼ 13.1%
Total assets€21,108-€25,421-€25,961-€26,182▲ 0.8%€22,492▼ 14.1%
Debt€1,037-€581-€1,040▲ 79.1%€653▼ 37.2%
Working capital€23,878-
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 €4,653 in 2024 against €1,677 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €22,492
Equity
€21,839 ▼ 13.1%
Debt
€653 ▼ 37.2%
Debt's share of the balance-sheet total falls from 4.0% to 2.9%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.03▼
2023 · 0.04
ROE
-15.1%▼
2023 · -0.9%
ROA
-14.7%▼
2023 · -0.9%
Income taxes
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €418 | €501 | €84 | - | - |
| Other operating charges640/8 | - | - | - | - | €387 | - |
| Gross operating margin9900 | -€800 | -€182 | -€496 | -€1,593 | -€4,266 | ▼ 168% |
| Operating profit (loss)9901 | -€800 | -€1,056 | -€998 | -€1,677 | -€4,653 | ▼ 178% |
| Financial income75/76B | - | - | €1,691 | €1,485 | €1,438 | ▼ 3.2% |
| Recurring financial income75 | €1,732 | €2,107 | €1,691 | €1,485 | €1,438 | ▼ 3.2% |
| Financial charges65/66B | - | - | €48 | €47 | €87 | ▲ 86.7% |
| Recurring financial charges65 | - | €1 | €48 | €47 | €87 | ▲ 86.7% |
| Profit (loss) for the period before taxes9903 | €932 | €1,051 | €646 | -€239 | -€3,303 | ▼ 1,284% |
| Income taxes67/77 | €0 | €0 | - | - | €0 | - |
| Profit (loss) for the period9904 | €932 | €1,051 | €646 | -€239 | -€3,303 | ▼ 1,284% |
| Profit (loss) for the period to be appropriated9905 | €932 | €1,051 | €646 | -€239 | -€3,303 | ▼ 1,284% |
| Line | 2018 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,108 | €25,421 | €25,961 | €26,182 | €22,492 | ▼ 14.1% |
| Fixed assets21/28 | - | €1,086 | €84 | - | - | - |
| Tangible fixed assets22/27 | - | €1,086 | €84 | - | - | - |
| Furniture and vehicles24 | - | - | €84 | - | - | - |
| Current assets29/58 | €21,108 | €24,334 | €25,878 | €26,182 | €22,492 | ▼ 14.1% |
| Amounts receivable within one year40/41 | €21,104 | €24,018 | €25,862 | €26,175 | €22,344 | ▼ 14.6% |
| Other amounts receivable41 | - | - | €25,862 | €26,175 | €22,344 | ▼ 14.6% |
| Cash at bank and in hand54/58 | €4 | €316 | €16 | €7 | €148 | ▲ 1,996% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,108 | €25,421 | €25,961 | €26,182 | €22,492 | ▼ 14.1% |
| Equity10/15 | €21,108 | €24,383 | €25,381 | €25,142 | €21,839 | ▼ 13.1% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €5,783 | €6,781 | €6,542 | €3,239 | ▼ 50.5% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | €4,921 | €4,682 | €3,239 | ▼ 30.8% |
| Profit (loss) carried forward14 | €648 | €648 | - | - | - | - |
| Amounts payable17/49 | - | €1,037 | €581 | €1,040 | €653 | ▼ 37.2% |
| Amounts payable within one year42/48 | - | €457 | - | - | - | - |
| Trade debts44 | - | €457 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €581 | €1,040 | €653 | ▼ 37.2% |
| Line | 2018 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €932 | €1,051 | €646 | -€239 | -€3,303 | ▼ 1,284% |
| + Depreciation and write-downs630 | - | €418 | €501 | €84 | - | - |
| Operating cash flow (approximation) | €932 | €1,468 | €1,147 | -€155 | -€3,303 | ▼ 2,030% |
| Change in cash | - | - | - | -€9 | €141 | ▲ 1,684% |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€3,303
Net result drops to -€3,303, the lowest in the series.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 139 days late
2020
30-09
Financial
Highest result since 2018net €1,051 ▲12.7%
Net result €1,051, the highest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 153 days late
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2014
28-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 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, Brugge
Ground area
247 m²
Building footprint
98 m²
Volume, LiDAR
543 m³
Parcel 31027D0465/00R002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0465/00R002 | Flanders | 247 m² | 1 · 98 m² | 9.8 m · 2 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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Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 927 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.