PHTIM
ActiveSummary
PHTIM has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33,231 and a net result of €18,694. Its solvency ranks better than 83% of 20,720 sector peers (NACE 86, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-02-2024 Normal situation
- Activity
- Medical imaging and medical laboratories NACE 86910
- Establishment unit
- 2.355.631.835 5660 Couvin, since 01-02-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2024
Board and ownership
- HUSSIN Pierre Philippe GhislainDirector
- HUSSIN Pierre Philippe Ghislain300 sharesact of 05-02-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €25,572
- ▲ 45.8%
- Turnover
- ≈ €77,000
- estimated
- Profit
- €18,694
- ▲ 62.0%
- Equity
- €33,231
- ▲ 188%
- Total assets
- €37,229
- ▲ 23.3%
- 2025 accounts filed 31 days after the deadline
Score breakdownlowers riskSector: Human health activities (NACE 86)Liquidity: current ratio 9.31, cash €24,938Equity €33,231 (89.3% of total assets)Figures for financial year 2025 (filed on 31-08-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 86, micro). It does better than 82% of them on solvency, 90% on liquidity, 80% on profitability and 95% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 29 days after the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00468019.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 59% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €1,510 | - | - |
| Gross operating margin9900 | €17,544 | €25,572 | ▲ 45.8% |
| Operating profit (loss)9901 | €16,034 | €25,572 | ▲ 59.5% |
| Financial income75/76B | €0 | €2 | ▲ 198× |
| Recurring financial income75 | €0 | €2 | ▲ 198× |
| Financial charges65/66B | €1,050 | €1,690 | ▲ 61.0% |
| Recurring financial charges65 | €1,050 | €1,690 | ▲ 61.0% |
| Profit (loss) for the period before taxes9903 | €14,984 | €23,884 | ▲ 59.4% |
| Income taxes67/77 | €3,447 | €5,190 | ▲ 50.6% |
| Profit (loss) for the period9904 | €11,537 | €18,694 | ▲ 62.0% |
| Profit (loss) for the period to be appropriated9905 | €11,537 | €18,694 | ▲ 62.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €30,187 | €37,229 | ▲ 23.3% |
| Current assets29/58 | €30,187 | €37,229 | ▲ 23.3% |
| Amounts receivable within one year40/41 | €12,556 | €12,170 | ▼ 3.1% |
| Trade receivables40 | €11,003 | €9,807 | ▼ 10.9% |
| Other amounts receivable41 | €1,553 | €2,363 | ▲ 52.1% |
| Cash at bank and in hand54/58 | €17,565 | €24,938 | ▲ 42.0% |
| Deferred charges and accrued income490/1 | €66 | €121 | ▲ 84.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €30,187 | €37,229 | ▲ 23.3% |
| Equity10/15 | €11,537 | €33,231 | ▲ 188% |
| Contributions10/11 | - | €3,000 | - |
| Profit (loss) carried forward14 | €11,537 | €30,231 | ▲ 162% |
| Amounts payable17/49 | €18,650 | €3,998 | ▼ 78.6% |
| Amounts payable within one year42/48 | €18,650 | €3,998 | ▼ 78.6% |
| Trade debts44 | €0 | €420 | - |
| Suppliers440/4 | €0 | €420 | - |
| Taxes, remuneration and social security45 | €7,483 | €2,777 | ▼ 62.9% |
| Taxes450/3 | €7,483 | €2,777 | ▼ 62.9% |
| Other amounts payable47/48 | €11,167 | €801 | ▼ 92.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €11,537 | €18,694 | ▲ 62.0% |
| Operating cash flow (approximation) | €11,537 | €18,694 | ▲ 62.0% |
| Change in cash | - | €7,373 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as PHTIM has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PHTIM itself is lower: < 0.1% within 12 months. It rests on far more data about PHTIM than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for PHTIM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- HUSSIN Pierre Philippe Ghislain 300 shares (100%) · €3,000 in cash
Capital transactions
- 05-02-2024 Incorporation · €3,000 · 300 shares
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 05-02-2024 (in French)
Network & group
PHTIM shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of PHTIM. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-10
Gazette deed
Registered office moved from Couvin to ChastreNew seat: Avenue Jupiter 4, 1450 Chastre · Previous seat: Rue des Monts, Peti. 2, 5660 Couvin3 points ▸
- Registered office clause, Rue des Monts, Peti. 2, 5660 Couvin
- Board meeting, 27-08-2026
- Registered-office move, Avenue Jupiter 4, 1450 Chastre
05-02
Gazette deed
IncorporationFounding capital of €3,000, 300 shares · Founder: HUSSIN Pierre Philippe Ghislain · Appointment: HUSSIN Pierre Philippe Ghislain (director)4 points ▸
- Founder, HUSSIN Pierre Philippe Ghislain
- Founding capital, €3,000, 300 shares
- Director appointment, HUSSIN Pierre Philippe Ghislain (director)
- Registered office clause, ville de Couvin, rue des Monts 2, 5660 Petigny
- The act holds 10 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Rue des Monts, Peti. 2, 5660 Couvin until 01-01-2026 · act of 29-10-2026
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- Toutes activités et prestations en qualité de technologue en imagerie médicale.
- La réalisation, pour son compte propre, de toutes opérations foncières et immobilières et notamment l'achat, la vente, l'échange, la construction, la reconstruction, la démolition, la transformation, l'exploitation, la location et la gérance de tous immeubles bâtis, meublés ou non ; l'achat, la vente, l'échange, la mise en valeur, le lotissement, l'exploitation, la location et l'affermage de tous immeubles non bâtis.
- Donner à bail ses installations et exploitations ou les donner à gérer à des tiers, en tout ou en partie
- Toutes opérations commerciales, industrielles et financières, immobilières et mobilières, se rapportant directement ou indirectement à son objet social ou susceptibles de favoriser son développement, à l'exception des opérations sur valeurs mobilières et immobilières réservées par la loi aux banques et aux sociétés de bourse
- Exercer tous mandats relatifs à l'administration, à la gestion, à la direction, au contrôle et à la liquidation de toutes sociétés ou entreprises
- Prendre des participations dans d'autres sociétés ou entreprises existantes ou à créer, que ce soit en Belgique ou à l'étranger, dont l'objet social serait semblable ou analogue au sien ou de nature à favoriser son objet social, par voie d'apport en espèces ou en nature, de fusion, de souscription, de participation, d'intervention financière ou autrement
- Consentir tous prêts ou garantir tous prêts consentis par des tiers, étant entendu que la société n'effectuera aucune activité dont l’exercice serait soumis à des dispositions légales ou réglementaires applicables aux établissements de crédits et/ou financiers
- Distribuer à ses actionnaires un avantage patrimonial directe ou indirect.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25017B0098/00S000 | Wallonia | 1,395 m² | 1 · 178 m² | 6.4 m · 1 |
| 93054A0041/00C000 | Wallonia | 857 m² | 1 · 107 m² | 8.0 m · 2 |