Checked.be
Active
BE 0703.936.423Private limited company
PhunQ
Rue du Bardeau(MOU) 32 ·7543 Tournai, Belgium· 7 yrs active
Sector: Activities of holding companies
(64210)
Conclusion
PhunQ is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.03M and a net result of €153k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 14% of 2328 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €1.03M |
| Net result | €153k |
| Staff (FTE) | 0.9 |
| Better than sector | 14% |
Financial profile
66
/ 100
Strong profile, led by stability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
Health
-
Profitability
74
Solvency
10
Growth
78
Stability
100
Bankruptcy probability (12 mo)
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.
Financial overview
Annual accounts filed on 27-04-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~14.3%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 14.8% | 61.4% | |
| Net result | €153k | €102k | |
| Equity | €1.03M | €5.06M | |
| Gross operating margin | €350k | €72k | |
| Staff costs | €66k | €348k |
€153k
-
20-25
€6.94M
+1.7%
20-25
€1.03M
+17.5%
20-25
1
-10.0%
20-25
€66k
-5.4%
20-25
€0
-100.0%
20-25
€5.91M
-0.6%
20-25
€3.94M
+26.4%
20-25
€1.94M
-31.4%
20-25
14.8%
+15.5%
20-25
14.9%
-
20-25
2.2%
-
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | n/a | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a | n/a |
| Net profit | €153k | €-212k | €172k | €223k | €307k |
| Cash flow | n/a | n/a | n/a | n/a | n/a |
| Staff costs | €66k | €70k | €71k | €60k | €60k |
| Income taxes | - | - | - | €0 | €6k |
| Dividends | - | - | - | - | - |
| Total assets | €6.94M | €6.83M | €7.51M | €6.16M | €5.44M |
| Equity | €1.03M | €877k | €1.09M | €918k | €695k |
| Debt | €5.91M | €5.95M | €6.42M | €5.24M | €4.74M |
| of which ≤ 1y | €3.94M | €3.12M | €3.21M | €2.96M | €2.84M |
| of which > 1y | €1.94M | €2.83M | €3.19M | €2.28M | €1.90M |
| Working capital | n/a | n/a | n/a | n/a | n/a |
| Employees (FTE) | 0.9 | 1.0 | 1.0 | 1.0 | 1.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a | n/a |
| Solvency | 14.8% | 12.8% | 14.5% | 14.9% | 12.8% |
| Debt / equity | n/a | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a | n/a |
| ROA | 2.2% | -3.1% | 2.3% | 3.6% | 5.6% |
| ROE | 14.9% | -24.2% | 15.8% | 24.3% | 44.2% |
| EBITDA margin | n/a | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a | n/a |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €6.94M | €6.83M | €7.51M | €6.16M | €5.44M |
| Fixed assets | 21/28 | €6.12M | €6.12M | €6.55M | €5.69M | €5.25M |
| Financial fixed assets | 28 | €6.12M | €6.12M | €6.55M | €5.69M | €5.25M |
| Current assets | 29/58 | €829k | €712k | €957k | €473k | €189k |
| Amounts receivable within one year | 40/41 | €764k | €691k | €891k | €471k | €129k |
| Cash & bank | 54/58 | €64k | €21k | €66k | €2k | €61k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.94M | €6.83M | €7.51M | €6.16M | €5.44M |
| Equity | 10/15 | €1.03M | €877k | €1.09M | €918k | €695k |
| Contributions / capital | 10/11 | €255k | €255k | €255k | €255k | €255k |
| Reserves | 13 | €775k | €622k | €834k | €663k | €440k |
| Amounts payable | 17/49 | €5.91M | €5.95M | €6.42M | €5.24M | €4.74M |
| Amounts payable after one year | 17 | €1.94M | €2.83M | €3.19M | €2.28M | €1.90M |
| Amounts payable within one year | 42/48 | €3.94M | €3.12M | €3.21M | €2.96M | €2.84M |
| Trade debts payable within one year | 44 | €36k | €8k | €81k | €44k | €41k |
| Income statement | ||||||
| Gross operating margin | 9900 | €350k | €74k | €-65k | €-11k | €131k |
| Operating result | 9901 | €284k | €-628 | €-136k | €-71k | €71k |
| Financial income | 75 | €14k | €491k | €475k | €325k | €275k |
| Financial charges | 65 | €145k | €263k | €65k | €31k | €33k |
| Result before taxes | 9903 | €153k | €-212k | €172k | €223k | €313k |
| Income taxes | 67/77 | - | - | - | €0 | €6k |
| Net result for the period | 9904 | €153k | €-212k | €172k | €223k | €307k |
| Result to be appropriated | 9905 | €153k | €-212k | €172k | €223k | €307k |
Legal Structure
| NACE primary | Activities of holding companies(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 12-09-2018 |
| Status | Active |
| Postal code | 7543 |
Establishment units
PhunQ
since 20182.281.766.632
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57057A0202/00H000 | Wallonia | 8,945 m² | - | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €153k
Net result €153k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.03M ▲17.5%
Equity rises from €877k to €1.03M.
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-212k ▼224%
Net result drops to €-212k, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €1MEq €1.09M ▲18.7%
4 profitable years in a row build equity to €1.09M.
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2020net €307k ▲132%
Net result €307k, the highest in the series.
31-12
Financial
Equity above €500kEq €695k ▲79.4%
2 profitable years in a row build equity to €695k.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Holdings64200Activities of holding companies64210Business and other management consultancy70200Business consulting70220
Names & trade names
| Legal nameFR | PhunQ |
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