PHYSAM
InactiveFinancials · financial year 2025, micro format
Equity
€64,457▼ 14.7%
2024 · €75,555
Total assets
€69,602▼ 21.6%
2024 · €88,822
Net result
-€11,098
2024 · €16,899
Working capital
€66,443▼ 15.9%
2024 · €78,976
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €7,595 after €25,479 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€7,595
2025
Net result-€11,098
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€69,602
2025
Equity€64,457
2025
Debt€5,144
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€66,443
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€11,834-€6,894▼ 41.7%€7,571▲ 9.8%€51,008▲ 574%€13,772▼ 73.0%€28,264▲ 105%€25,479▼ 9.9%-€7,595
Net result€11,349-€6,292▼ 44.6%€4,851▼ 22.9%€37,264▲ 668%€8,130▼ 78.2%€17,208▲ 112%€16,899▼ 1.8%-€11,098
Equity-€15,089--€8,797▲ 41.7%-€3,947▲ 55.1%€33,318€41,448▲ 24.4%€58,656▲ 41.5%€75,555▲ 28.8%€64,457▼ 14.7%
Total assets€20,715-€31,992▲ 54.4%€30,039▼ 6.1%€62,273▲ 107%€54,559▼ 12.4%€74,533▲ 36.6%€88,822▲ 19.2%€69,602▼ 21.6%
Debt€35,803-€40,789▲ 13.9%€33,986▼ 16.7%€28,955▼ 14.8%€13,111▼ 54.7%€15,877▲ 21.1%€13,267▼ 16.4%€5,144▼ 61.2%
Working capital-€31,862--€20,009▲ 37.2%-€10,987▲ 45.1%€30,122€42,772▲ 42.0%€60,028▲ 40.3%€78,976▲ 31.6%€66,443▼ 15.9%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69,602
Fixed assets
€54 =
Current assets
€69,547 ▼ 21.7%
Equity and liabilities €69,602
Equity
€64,457 ▼ 14.7%
Debt
€5,144 ▼ 61.2%
Debt's share of the balance-sheet total falls from 14.9% to 7.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€7,595▼
2024 · €25,552
Cash flow
-€11,098▼
2024 · €16,972
Current ratio
22.40▲
2024 · 9.07
Debt to equity
0.08▼
2024 · 0.18
ROE
-17.2%▼
2024 · 22.4%
ROA
-15.9%▼
2024 · 19.0%
Interest coverage
-2.05▼
2024 · 6.82
Debt ≤ 1 year
€3,105▼
2024 · €9,791
Income taxes
€195▼
2024 · €4,859
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €33,500 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,187 | €4,506 | €4,441 | €4,137 | €4,141 | €303 | €73 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €825 | €1,601 | €1,054 | €727 | €610 | ▼ 16.1% |
| Non-recurring operating charges66A | - | - | - | €1,537 | €0 | - | - | - | - |
| Gross operating margin9900 | €20,829 | €15,919 | €15,844 | €57,507 | €19,514 | €29,621 | €26,279 | -€6,985 | - |
| Operating profit (loss)9901 | €11,834 | €6,894 | €7,571 | €51,008 | €13,772 | €28,264 | €25,479 | -€7,595 | - |
| Financial income75/76B | - | - | - | €3 | €0 | €52 | €26 | €400 | ▲ 15× |
| Recurring financial income75 | - | €0 | €2 | €3 | €0 | €52 | €26 | €400 | ▲ 15× |
| Non-recurring financial income76B | - | - | - | - | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €74 | €187 | €3,664 | €3,747 | €3,708 | ▼ 1.0% |
| Recurring financial charges65 | €374 | €174 | €72 | €74 | €187 | €3,664 | €3,747 | €3,708 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | €11,459 | €6,720 | €7,501 | €50,937 | €13,585 | €24,652 | €21,759 | -€10,902 | - |
| Income taxes67/77 | €110 | €429 | €2,650 | €13,673 | €5,455 | €7,444 | €4,859 | €195 | ▼ 96.0% |
| Profit (loss) for the period9904 | €11,349 | €6,292 | €4,851 | €37,264 | €8,130 | €17,208 | €16,899 | -€11,098 | - |
| Profit (loss) for the period to be appropriated9905 | €11,349 | €6,292 | €4,851 | €37,264 | €8,130 | €17,208 | €16,899 | -€11,098 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €20,715 | €31,992 | €30,039 | €62,273 | €54,559 | €74,533 | €88,822 | €69,602 | ▼ 21.6% |
| Fixed assets21/28 | €17,093 | €12,586 | €8,146 | €4,917 | €775 | €127 | €54 | €54 | = |
| Intangible fixed assets21 | €719 | €394 | €69 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €16,374 | €12,193 | €8,077 | €4,917 | €775 | €73 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €4,917 | €775 | €73 | €0 | - | - |
| Financial fixed assets28 | - | - | - | - | - | €54 | €54 | €54 | = |
| Current assets29/58 | €3,622 | €19,406 | €21,894 | €57,356 | €53,783 | €74,406 | €88,767 | €69,547 | ▼ 21.7% |
| Amounts receivable within one year40/41 | €1,500 | €8,960 | €11,097 | €15,874 | €28,375 | €45,044 | €26,126 | €9,598 | ▼ 63.3% |
| Trade receivables40 | - | - | - | €15,874 | €16,347 | €34,967 | €22,985 | €1,227 | ▼ 94.7% |
| Other amounts receivable41 | - | - | - | - | €12,028 | €10,077 | €3,141 | €8,372 | ▲ 167% |
| Cash at bank and in hand54/58 | €1,675 | €9,988 | €10,328 | €40,991 | €24,868 | €27,576 | €60,844 | €58,716 | ▼ 3.5% |
| Deferred charges and accrued income490/1 | - | - | - | €491 | €541 | €1,786 | €1,798 | €1,233 | ▼ 31.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €20,715 | €31,992 | €30,039 | €62,273 | €54,559 | €74,533 | €88,822 | €69,602 | ▼ 21.6% |
| Equity10/15 | -€15,089 | -€8,797 | -€3,947 | €33,318 | €41,448 | €58,656 | €75,555 | €64,457 | ▼ 14.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | - | €6,200 | - | - | - | - | - |
| Other1109/19 | - | - | - | €6,200 | - | - | - | - | - |
| Reserves13 | €224 | €224 | €224 | €224 | €224 | €17,224 | €17,224 | €17,000 | ▼ 1.3% |
| Non-distributable reserves130/1 | - | - | - | €224 | €224 | €224 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €224 | €224 | €224 | €0 | - | - |
| Distributable reserves133 | - | - | - | - | - | €17,000 | €17,224 | €17,000 | ▼ 1.3% |
| Profit (loss) carried forward14 | -€21,513 | -€15,221 | -€10,371 | €26,893 | €35,024 | €35,231 | €52,131 | €41,257 | ▼ 20.9% |
| Amounts payable17/49 | €35,803 | €40,789 | €33,986 | €28,955 | €13,111 | €15,877 | €13,267 | €5,144 | ▼ 61.2% |
| Amounts payable within one year42/48 | €35,484 | €39,415 | €32,881 | €27,234 | €11,011 | €14,377 | €9,791 | €3,105 | ▼ 68.3% |
| Trade debts44 | €3,828 | €18,948 | €3,196 | €3,540 | €1,340 | €1,803 | €1,828 | €2,305 | ▲ 26.1% |
| Suppliers440/4 | - | - | - | €3,540 | €1,340 | €1,803 | €1,828 | €2,305 | ▲ 26.1% |
| Taxes, remuneration and social security45 | - | - | - | €12,021 | €9,671 | €12,574 | €7,963 | €800 | ▼ 90.0% |
| Taxes450/3 | - | - | - | €9,521 | €9,671 | €9,530 | €4,853 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €2,500 | €0 | €3,044 | €3,110 | €800 | ▼ 74.3% |
| Other amounts payable47/48 | - | - | - | €11,673 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,721 | €2,100 | €1,500 | €3,476 | €2,040 | ▼ 41.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,349 | €6,292 | €4,851 | €37,264 | €8,130 | €17,208 | €16,899 | -€11,098 | - |
| + Depreciation and write-downs630 | €4,187 | €4,506 | €4,441 | €4,137 | €4,141 | €303 | €73 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €15,536 | €10,798 | €9,291 | €41,401 | €12,272 | €17,511 | €16,972 | -€11,098 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€908 | €0 | €345 | €0 | €0 | - |
| Change in cash | - | €8,313 | €340 | €30,663 | -€16,123 | €2,708 | €33,268 | -€2,128 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 02-06-2026 | 2026-00135520 |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00326168 |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00232851 |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00263068 |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20195228 |
| 31-12-2020 | micro format | 16-07-2021 | 2021-36300286 |
| 31-12-2019 | micro format | 09-07-2020 | 2020-28100128 |
| 31-12-2018 | micro format | 15-07-2019 | 2019-35200416 |
| 31-12-2017 | micro format | 12-07-2018 | 2018-33400484 |
| 31-12-2016 | full format | 04-07-2017 | 2017-27600059 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.