PHYSIBEL
ActiveSummary
PHYSIBEL has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €83k and a net result of €125k. Equity is shrinking by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 20% of 480 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▼-11
Solvency36▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.13 in 2023; short-term debt: 89.2% and cash: 79.8% of total assets), and 89.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 480 sector peers (2024).
NBB · sector comparisonPosition among 480 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
7 d early
2022
10 d late
2021
31 d late
2020
31 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€83k▲ 9.8%
2023 · €75k
2018: €401khighest in 7 years
2019: €161k▼ -59.9% vs 2018
2020: €160k▼ -0.7% vs 2019
2021: €123k▼ -23.0% vs 2020
2022: €126k▲ +2.3% vs 2021
2023: €75k▼ -40.1% vs 2022lowest in 7 years
2024: €83k▲ +9.8% vs 2023
2018 → 2024
Total assets
€768k▲ 33.2%
2023 · €576k
2018: €701k
2019: €479k▼ -31.7% vs 2018
2020: €361k▼ -24.8% vs 2019lowest in 7 years
2021: €532k▲ +47.7% vs 2020
2022: €518k▼ -2.7% vs 2021
2023: €576k▲ +11.2% vs 2022
2024: €768k▲ +33.2% vs 2023highest in 7 years
2018 → 2024
Net result
€125k▼ 37.4%
2023 · €199k
2018: €270khighest in 7 years
2019: €120k▼ -55.8% vs 2018lowest in 7 years
2020: €149k▲ +24.5% vs 2019
2021: €133k▼ -10.6% vs 2020
2022: €178k▲ +33.5% vs 2021
2023: €199k▲ +12.1% vs 2022
2024: €125k▼ -37.4% vs 2023
2018 → 2024
Working capital
€70k▲ 9.8%
2023 · €64k
2018: €402khighest in 7 years
2019: €139k▼ -65.4% vs 2018
2020: €134k▼ -3.5% vs 2019
2021: €101k▼ -24.8% vs 2020
2022: €109k▲ +7.5% vs 2021
2023: €64k▼ -41.0% vs 2022lowest in 7 years
2024: €70k▲ +9.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€160k-€123k▼ 23.0%€126k▲ 2.3%€75k▼ 40.1%€83k▲ 9.8%
2020: €160khighest in 5 years
2021: €123k▼ -23.0% vs 2020
2022: €126k▲ +2.3% vs 2021
2023: €75k▼ -40.1% vs 2022lowest in 5 years
2024: €83k▲ +9.8% vs 2023
Operating result€193k-€176k▼ 8.9%€232k▲ 32.3%€267k▲ 15.1%€154k▼ 42.4%
2020: €193k
2021: €176k▼ -8.9% vs 2020
2022: €232k▲ +32.3% vs 2021
2023: €267k▲ +15.1% vs 2022highest in 5 years
2024: €154k▼ -42.4% vs 2023lowest in 5 years
Net result€149k-€133k▼ 10.6%€178k▲ 33.5%€199k▲ 12.1%€125k▼ 37.4%
2020: €149k
2021: €133k▼ -10.6% vs 2020
2022: €178k▲ +33.5% vs 2021
2023: €199k▲ +12.1% vs 2022highest in 5 years
2024: €125k▼ -37.4% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €768k
Fixed assets
€12k ▲ 9.6%
Current assets
€755k ▲ 33.7%
Equity and liabilities €768k
Equity
€83k ▲ 9.8%
Debt
€685k ▲ 36.8%
Debt's share of the balance-sheet total rises from 86.9% to 89.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€159k▼
2023 · €278k
Cash flow
€130k▼
2023 · €210k
Current ratio
1.10▼
2023 · 1.13
Debt to equity
8.27▲
2023 · 6.64
ROE
150.7%▼
2023 · 264.2%
ROA
16.3%▼
2023 · 34.6%
Interest coverage
38.74▼
2023 · 189.57
Debt ≤ 1 year
€685k▲
2023 · €501k
Income taxes
€29k▼
2023 · €69k
Staff costs
€243k▲
2023 · €113k
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 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€576k€768k▲
Fixed assets21/28€11k€12k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€11k€12k▲
Plant, machinery and equipment23€0-
Furniture and vehicles24€8k€10k▲
Other tangible fixed assets26€3k€2k▼
Current assets29/58€565k€755k▲
Amounts receivable within one year40/41€115k€140k▲
Trade receivables40€98k€122k▲
Other amounts receivable41€17k€18k▲
Cash at bank and in hand54/58€447k€612k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€576k€768k▲
Equity10/15€75k€83k▲
Contributions10/11€38k€38k=
Outside capital11€38k-
Other1109/19€38k-
Reserves13€4k€4k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€34k€42k▲
Amounts payable17/49€501k€685k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€501k€685k▲
Current portion of amounts payable after more than one year42€351€0▼
Trade debts44€12k€123k▲
Suppliers440/4€12k€123k▲
Advances received on contracts in progress46€285k€350k▲
Taxes, remuneration and social security45€23k€35k▲
Taxes450/3€9k€9k=
Remuneration and social security454/9€15k€26k▲
Other amounts payable47/48€180k€178k▼
Income statement
Code20232024
Remuneration, social security and pensions62€113k€243k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€5k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€393k€404k▲
Operating profit (loss)9901€267k€154k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€268k€154k▼
Income taxes67/77€69k€29k▼
Profit (loss) for the period9904€199k€125k▼
Profit (loss) for the period to be appropriated9905€199k€125k▼
Appropriation of the result
Profit (loss) to be appropriated9906€284k€154k▼
Profit (loss) brought forward from the previous period14P€85k€29k▼
Profit to be distributed694/7€250k€113k▼
Return on contributions (dividend)694€250k€113k▼
Employees696-€0
Social balance
Average headcount (FTE)90870.02.9▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €46k | €80k | €113k | €243k | ▲ 115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €18k | €12k | €11k | €5k | ▼ 51.0% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 12.4% |
| Gross operating margin9900 | €250k | €242k | €327k | €393k | €404k | ▲ 2.9% |
| Operating profit (loss)9901 | €193k | €176k | €232k | €267k | €154k | ▼ 42.4% |
| Financial income75/76B | - | €6k | €8k | €2k | €4k | ▲ 104% |
| Recurring financial income75 | €7k | €6k | €8k | €2k | €4k | ▲ 104% |
| Financial charges65/66B | - | €1k | €1k | €1k | €4k | ▲ 180% |
| Recurring financial charges65 | €707 | €1k | €1k | €1k | €4k | ▲ 180% |
| Profit (loss) for the period before taxes9903 | €199k | €180k | €239k | €268k | €154k | ▼ 42.5% |
| Income taxes67/77 | €50k | €47k | €61k | €69k | €29k | ▼ 57.5% |
| Profit (loss) for the period9904 | €149k | €133k | €178k | €199k | €125k | ▼ 37.4% |
| Profit (loss) for the period to be appropriated9905 | €149k | €133k | €178k | €199k | €125k | ▼ 37.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €361k | €532k | €518k | €576k | €768k | ▲ 33.2% |
| Fixed assets21/28 | €35k | €27k | €18k | €11k | €12k | ▲ 9.6% |
| Intangible fixed assets21 | €10k | €4k | €1k | €0 | - | - |
| Tangible fixed assets22/27 | €24k | €23k | €17k | €11k | €12k | ▲ 9.6% |
| Plant, machinery and equipment23 | - | €791 | €291 | €0 | - | - |
| Furniture and vehicles24 | - | €19k | €12k | €8k | €10k | ▲ 23.8% |
| Other tangible fixed assets26 | - | €3k | €4k | €3k | €2k | ▼ 25.0% |
| Financial fixed assets28 | €800 | €0 | - | - | - | - |
| Current assets29/58 | €326k | €506k | €500k | €565k | €755k | ▲ 33.7% |
| Amounts receivable within one year40/41 | €97k | €255k | €240k | €115k | €140k | ▲ 21.3% |
| Trade receivables40 | - | €34k | €61k | €98k | €122k | ▲ 24.1% |
| Other amounts receivable41 | - | €221k | €178k | €17k | €18k | ▲ 4.8% |
| Cash at bank and in hand54/58 | €228k | €248k | €258k | €447k | €612k | ▲ 36.9% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €3k | €3k | ▲ 30.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €361k | €532k | €518k | €576k | €768k | ▲ 33.2% |
| Equity10/15 | €160k | €123k | €126k | €75k | €83k | ▲ 9.8% |
| Contributions10/11 | - | €38k | €38k | €38k | €38k | = |
| Outside capital11 | - | €38k | €38k | €38k | - | - |
| Other1109/19 | - | €38k | €38k | €38k | - | - |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | €4k | €4k | €0 | - | - |
| Reserves not available under the articles1311 | - | €4k | €4k | €0 | - | - |
| Distributable reserves133 | - | - | - | €4k | €4k | = |
| Profit (loss) carried forward14 | €119k | €82k | €85k | €34k | €42k | ▲ 21.6% |
| Amounts payable17/49 | €200k | €409k | €392k | €501k | €685k | ▲ 36.8% |
| Amounts payable after more than one year17 | €9k | €5k | €351 | €0 | - | - |
| Financial debts170/4 | - | €5k | €351 | €0 | - | - |
| Amounts payable within one year42/48 | €191k | €405k | €392k | €501k | €685k | ▲ 36.8% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | €351 | €0 | ▼ 100% |
| Trade debts44 | €12k | €33k | €9k | €12k | €123k | ▲ 915% |
| Suppliers440/4 | - | €33k | €9k | €12k | €123k | ▲ 915% |
| Advances received on contracts in progress46 | - | €190k | €190k | €285k | €350k | ▲ 22.8% |
| Taxes, remuneration and social security45 | - | €7k | €13k | €23k | €35k | ▲ 48.2% |
| Taxes450/3 | - | €779 | €4k | €9k | €9k | = |
| Remuneration and social security454/9 | - | €7k | €10k | €15k | €26k | ▲ 76.0% |
| Other amounts payable47/48 | - | €170k | €175k | €180k | €178k | ▼ 1.3% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €149k | €133k | €178k | €199k | €125k | ▼ 37.4% |
| + Depreciation and write-downs630 | €15k | €18k | €12k | €11k | €5k | ▼ 51.0% |
| Operating cash flow (approximation) | €164k | €152k | €190k | €210k | €130k | ▼ 38.1% |
| Investment in fixed assets (approximation) | - | €-10k | €-3k | €-4k | €-6k | ▼ 46.6% |
| Change in cash | - | €20k | €10k | €189k | €165k | ▼ 12.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 10 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €120k ▼55.8%
Net result drops to €120k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
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 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Gent · 1 establishment unit since 1989
Ground area
2,080 m²
Building footprint
738 m²
Volume, LiDAR
15,986 m³
Parcel 44808H0001/00N030, Flanders · tallest building 29.7 m, ±9 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
PHYSIBEL
since 19892.043.226.509
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0001/00N030 | Flanders | 2,080 m² | 1 · 738 m² | 29.7 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 113,263 EUR awarded · 113,263 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 730 EUR | 22,711 EUR |
| 2024 | 1 | 0 EUR | 43,000 EUR |
| 2023 | 3 | 110,831 EUR | 45,850 EUR |
| 2022 | 1 | 1,702 EUR | 1,702 EUR |
Schemes
Ontwikkelingsproject
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ASSY-SOFT
BE 0430.895.873
Zulte · Eq €82,871
myKMO
BE 0861.091.467
Nijlen · Eq €83,131
SEEYA
BE 0755.787.970
Hasselt · Eq €82,552
AT YOUR SERVICE
BE 0450.929.838
Dilbeek · Eq €82,490
BA-Bap
BE 0829.965.652
Rixensart · Eq €83,261
Of 2,723 companies in sector 63100 we hold annual accounts for 1,270. 982 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-04-1989
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
Contact
Website
www.physibel.be
Phone
0032 9 2532680
Scores and ratios are computed by Checked and are not a credit decision.