PHYOS
ActiveSummary
The computed 12-month bankruptcy probability of PHYOS is 2.1% (moderate). The 2024 annual accounts show equity of €90k and a net result of €-34k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 31% of 18941 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
31
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability23▲+7
Solvency31▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.11 against 1.27 in 2023; short-term debt: 68% and cash: 0% of total assets), and 93.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
6.3%
Return on assets
-2.4%
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-34k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
365 d late
2022
92 d late
2021
61 d late
2020
55 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€90k▼ 27.4%
2023 · €124k
2018: €80k
2019: €94k
2020: €90k
2021: €129k
2022: €199k
2023: €124k
2018 → 2024
Total assets
€1.43M▼ 10.1%
2023 · €1.59M
2018: €169k
2019: €620k
2020: €597k
2021: €605k
2022: €1.19M
2023: €1.59M
2018 → 2024
Net result
€-34k▲ 55.0%
2023 · €-75k
2018: €30k
2019: €14k
2020: €-4k
2021: €39k
2022: €90k
2023: €-75k
2018 → 2024
Working capital
€111k▼ 55.3%
2023 · €249k
2018: €19k
2019: €32k
2020: €52k
2021: €97k
2022: €212k
2023: €249k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€90k-€129k▲ 43.2%€199k▲ 54.6%€124k▼ 37.9%€90k▼ 27.4%
Operating result€666-€44k▲ 6,439%€127k▲ 192%€-26k€44k
Net result€-4k-€39k€90k▲ 133%€-75k€-34k▲ 55.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €44k after a loss of €26k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.43M
Fixed assets
€346k ▼ 14.8%
Current assets
€1.08M ▼ 8.5%
Equity and liabilities €1.43M
Equity
€90k ▼ 27.4%
Provisions
€0 ▼ 100%
Debt
€1.34M ▼ 8.5%
Debt's share of the balance-sheet total rises from 92.1% to 93.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€72k▲
2023 · €21k
Cash flow
€-6k▲
2023 · €-28k
Current ratio
1.11▼
2023 · 1.27
Quick ratio
0.03▼
2023 · 0.06
Debt to equity
14.91▲
2023 · 11.83
ROE
-37.7%▲
2023 · -60.9%
ROA
-2.4%▲
2023 · -4.7%
Interest coverage
0.90▲
2023 · 0.41
Debt ≤ 1 year
€973k▲
2023 · €936k
Debt > 1 year
€361k▼
2023 · €515k
Income taxes
€140▼
2023 · €273
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.59M€1.43M▼
Fixed assets21/28€406k€346k▼
Tangible fixed assets22/27€406k€346k▼
Land and buildings22€154k€142k▼
Furniture and vehicles24€34k-
Leasing and similar rights25€219k€204k▼
Current assets29/58€1.19M€1.08M▼
Stocks and contracts in progress3€1.13M€1.06M▼
Stocks30/36€1.13M€1.06M▼
Amounts receivable within one year40/41€56k€23k▼
Trade receivables40€22k-
Other amounts receivable41€34k€23k▼
Cash at bank and in hand54/58€807€407▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€1.59M€1.43M▼
Equity10/15€124k€90k▼
Contributions10/11€13k€13k=
Reserves13€160k€152k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€8k-
Distributable reserves133€150k€150k=
Profit (loss) carried forward14€-49k€-75k▼
Provisions and deferred taxes16€2k-
Deferred taxes168€2k-
Amounts payable17/49€1.47M€1.34M▼
Amounts payable after more than one year17€515k€361k▼
Financial debts170/4€515k€361k▼
Amounts payable within one year42/48€936k€973k▲
Current portion of amounts payable after more than one year42€80k€209k▲
Financial debts43€678k€545k▼
Credit institutions430/8€678k€545k▼
Trade debts44€7k€95k▲
Suppliers440/4€7k€95k▲
Taxes, remuneration and social security45€11k€413▼
Taxes450/3€11k€413▼
Other amounts payable47/48€160k€123k▼
Accrued charges and deferred income492/3€15k€7k▼
Income statement
Code20232024
Non-recurring operating income76A-€19k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€28k▼
Other operating charges640/8€4k€6k▲
Non-recurring operating charges66A-€9k
Gross operating margin9900€25k€87k▲
Operating profit (loss)9901€-26k€44k▲
Financial income75/76B€1k€82▼
Recurring financial income75€1k€82▼
Financial charges65/66B€51k€80k▲
Recurring financial charges65€51k€80k▲
Profit (loss) for the period before taxes9903€-76k€-36k▲
Transfer from deferred taxes780€1k€2k▲
Income taxes67/77€273€140▼
Profit (loss) for the period9904€-75k€-34k▲
Transfer from tax-exempt reserves789€5k€8k▲
Profit (loss) for the period to be appropriated9905€-71k€-26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-49k€-75k▼
Profit (loss) brought forward from the previous period14P€22k€-49k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 365 days late
2023
31-12
Financial
Weakest financial yearnet €-75k
Net result drops to €-75k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Highest result since 2018net €90k ▲133%
Operating result €127k, net result €90k, both a record.
31-12
Financial
Equity above €150kEq €199k ▲54.6%
2 profitable years in a row build equity to €199k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
31-12
Financial
Equity above €100kEq €129k ▲43.2%
Equity rises from €90k to €129k.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Zele · 1 establishment unit since 2015
Ground area
513 m²
Building footprint
260 m²
Volume, LiDAR
1,743 m³
2 parcels, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PHYOS
since 20152.241.351.680
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42402F0289/00K002 | Flanders | 285 m² | 1 · 197 m² | 11.7 m · 2 fl. |
| 42402F0275/00P003 | Flanders | 228 m² | 1 · 62 m² | 11.9 m · 3 fl. |
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.
Similar companies · same sector, comparable size
PANDA GARDEN
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Brugge · Eq €89,956
L.M. SNACK
BE 0463.052.660
Chapelle-lez-Herlaimont · Eq €89,961
FAIZ A23
BE 0767.854.869
Flémalle · Eq €89,965
DUTO
BE 0874.606.636
Huy · Eq €89,882
Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,688 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.