Phuong VY
ActiveThe computed 12-month bankruptcy probability of Phuong VY is 5.5% (elevated). The 2024 annual accounts show equity of €2k and a net result of €-219. Its solvency ranks better than 15% of 6537 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
33
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability64
Solvency27
Growth-
Track record79
Bankruptcy probability, 12 months
5.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.28; short-term debt: 97.8% and cash: 5% of total assets), and 97.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
2.2%
Return on assets
-0.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 6537 sector peers (2024).
NBB · sector comparisonPosition among 6537 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 1 filingDeviation from the deadline
2024
57 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€310k
EBIT margin
1.1%
Net result
€-219
Working capital
€-74k
Balance-sheet composition
Assets €106k
Fixed assets
€77k
Current assets
€29k
Equity and liabilities €106k
Equity
€2k
Debt
€103k
Debt finances 97.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€26k
Cash flow
€22k
Solvency
2.2%
Current ratio
0.28
Quick ratio
0.17
Debt / equity
45.37
ROE
-9.6%
ROA
-0.2%
Interest coverage
8.08
Debt
€103k
Debt ≤ 1 year
€103k
Filed annual accounts
As filed with the NBB · 2024
Balance sheet
Code2024
Assets
Total assets20/58€106k
Fixed assets21/28€77k
Tangible fixed assets22/27€77k
Land and buildings22€9k
Plant, machinery and equipment23€5k
Furniture and vehicles24€63k
Current assets29/58€29k
Stocks and contracts in progress3€11k
Stocks30/36€11k
Amounts receivable within one year40/41€13k
Trade receivables40€744
Other amounts receivable41€12k
Cash at bank and in hand54/58€5k
Equity and liabilities
Total equity and liabilities10/49€106k
Equity10/15€2k
Contributions10/11€3k
Capital10€3k
Issued capital100€3k
Profit (loss) carried forward14€-219
Amounts payable17/49€103k
Amounts payable within one year42/48€103k
Trade debts44€6k
Suppliers440/4€6k
Other amounts payable47/48€97k
Income statement
Code2024
Turnover70€310k
Goods, raw materials, services and sundry goods60/61€277k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k
Other operating charges640/8€7k
Gross operating margin9900€33k
Operating profit (loss)9901€4k
Financial charges65/66B€4k
Recurring financial charges65€3k
Non-recurring financial charges66B€517
Profit (loss) for the period before taxes9903€-219
Profit (loss) for the period9904€-219
Profit (loss) for the period to be appropriated9905€-219
Appropriation of the result
Profit (loss) to be appropriated9906€-219
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Brussel
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Auguste Ortsstraat 61000 BrusselGround area
109 m²
Building footprint
103 m²
Volume, LiDAR
2,161 m³
Parcel 21811M0948/00X000, Brussels · tallest building 23.8 m, ±7 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M0948/00X000 | Brussels | 109 m² | 1 · 103 m² | 23.8 m · 7 fl. |
Linked by address, not proof of ownership
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.
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Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 1,589 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-2023
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.