PHYSIO'ADAPT

Active

Private limited companyfounded 20233 yrs activeDiamantlaan 169, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0802.881.767

Summary

PHYSIO'ADAPT has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €5k. Equity is growing by ~159.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysis Watch Report Compare

PHYSIO'ADAPTActiveChecked score 75/100

Risk analysis Report Compare

Checked score

Score 2025

75 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability90▼-10

Solvency46▲+11

Growth78=

Track record94

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

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

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 86

Relative position

BE, all sectors

reference

Human health activities (NACE 86)

about 87% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 16618 sector peers (2025).

NBB · sector comparison

Position among 16618 sector peers

Solvency

better than 20%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

32 d early

2024

14 d early

2023

20 d late

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€6k▲ 233%

2024 · €2k

2023: €-3klowest in 3 years 2024: €2k▲ +166% vs 2023 2025: €6k▲ +233% vs 2024highest in 3 years

2023 → 2025

Total assets

€30k▲ 56.3%

2024 · €19k

2023: €21k 2024: €19k▼ -7.7% vs 2023lowest in 3 years 2025: €30k▲ +56.3% vs 2024highest in 3 years

2023 → 2025

Net result

€5k▼ 8.3%

2024 · €6k

2023: €-3klowest in 3 years 2024: €6k▲ +267% vs 2023highest in 3 years 2025: €5k▼ -8.3% vs 2024

2023 → 2025

Working capital

€6k

2024 · €-2k

2023: €-8klowest in 3 years 2024: €-2k▲ +79.9% vs 2023 2025: €6k▲ +502% vs 2024highest in 3 years

2023 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€-3k-€2k€6k▲ 233% 2023: €-3klowest in 3 years 2024: €2k▲ +166% vs 2023 2025: €6k▲ +233% vs 2024highest in 3 years

Operating result€-3k-€8k€8k▲ 1.2% 2023: €-3klowest in 3 years 2024: €8k▲ +342% vs 2023 2025: €8k▲ +1.2% vs 2024highest in 3 years

Net result€-3k-€6k€5k▼ 8.3% 2023: €-3klowest in 3 years 2024: €6k▲ +267% vs 2023highest in 3 years 2025: €5k▼ -8.3% vs 2024

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2025 is 1% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €30k

99.3%

Fixed assets €197 ▼ 94.2%

Current assets €29k ▲ 89.2%

Equity and liabilities €30k

21.2%

78.8%

Equity €6k ▲ 233%

Debt €23k ▲ 36.8%

Debt's share of the balance-sheet total falls from 90.1% to 78.8%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€8k▼

2024 · €9k

Cash flow

€6k▼

2024 · €7k

Current ratio

1.26▲

2024 · 0.91

Debt to equity

3.72▼

2024 · 9.06

ROE

81.9%▼

2024 · 297.3%

ROA

17.4%▼

2024 · 29.6%

Interest coverage

12.81▼

2024 · 43.54

Debt ≤ 1 year

€23k▲

2024 · €17k

Income taxes

€2k▲

2024 · €2k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines

Balance sheet Code20242025

Assets

Total assets20/58€19k€30k▲

Fixed assets21/28€3k€197▼

Tangible fixed assets22/27€3k€197▼

Furniture and vehicles24€3k€197▼

Current assets29/58€16k€29k▲

Amounts receivable within one year40/41€5k€5k▲

Trade receivables40€2k€2k▲

Other amounts receivable41€3k€3k=

Cash at bank and in hand54/58€10k€25k▲

Deferred charges and accrued income490/1€939€5▼

Equity and liabilities

Total equity and liabilities10/49€19k€30k▲

Equity10/15€2k€6k▲

Contributions10/11€500€500=

Profit (loss) carried forward14€1k€6k▲

Amounts payable17/49€17k€23k▲

Amounts payable within one year42/48€17k€23k▲

Trade debts44€600€3k▲

Suppliers440/4€600€3k▲

Taxes, remuneration and social security45€6k€7k▲

Taxes450/3€6k€7k▲

Other amounts payable47/48€11k€13k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€472▼

Other operating charges640/8-€1k

Gross operating margin9900€9k€10k▲

Operating profit (loss)9901€8k€8k▲

Financial charges65/66B€209€657▲

Recurring financial charges65€209€657▲

Profit (loss) for the period before taxes9903€8k€7k▼

Income taxes67/77€2k€2k▲

Profit (loss) for the period9904€6k€5k▼

Profit (loss) for the period to be appropriated9905€6k€5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€2k€7k▲

Profit (loss) brought forward from the previous period14P€-3k€1k▲

Profit to be distributed694/7€859€750▼

Return on contributions (dividend)694€859€750▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€742	€1k	€472	▼ 62.9%
Other operating charges640/8	-	-	€1k	-
Gross operating margin9900	€-3k	€9k	€10k	▲ 6.4%
Operating profit (loss)9901	€-3k	€8k	€8k	▲ 1.2%
Financial charges65/66B	€48	€209	€657	▲ 213%
Recurring financial charges65	€48	€209	€657	▲ 213%
Profit (loss) for the period before taxes9903	€-3k	€8k	€7k	▼ 4.7%
Income taxes67/77	€72	€2k	€2k	▲ 5.3%
Profit (loss) for the period9904	€-3k	€6k	€5k	▼ 8.3%
Profit (loss) for the period to be appropriated9905	€-3k	€6k	€5k	▼ 8.3%

Line	2023	2024	2025	Change
Assets
Total assets20/58	€21k	€19k	€30k	▲ 56.3%
Fixed assets21/28	€5k	€3k	€197	▼ 94.2%
Tangible fixed assets22/27	€5k	€3k	€197	▼ 94.2%
Furniture and vehicles24	€5k	€3k	€197	▼ 94.2%
Current assets29/58	€16k	€16k	€29k	▲ 89.2%
Amounts receivable within one year40/41	-	€5k	€5k	▲ 2.1%
Trade receivables40	-	€2k	€2k	▲ 5.7%
Other amounts receivable41	-	€3k	€3k	=
Cash at bank and in hand54/58	€16k	€10k	€25k	▲ 148%
Deferred charges and accrued income490/1	€129	€939	€5	▼ 99.4%
Equity and liabilities
Total equity and liabilities10/49	€21k	€19k	€30k	▲ 56.3%
Equity10/15	€-3k	€2k	€6k	▲ 233%
Contributions10/11	€500	€500	€500	=
Profit (loss) carried forward14	€-3k	€1k	€6k	▲ 317%
Amounts payable17/49	€23k	€17k	€23k	▲ 36.8%
Amounts payable within one year42/48	€23k	€17k	€23k	▲ 36.8%
Trade debts44	€34	€600	€3k	▲ 406%
Suppliers440/4	€34	€600	€3k	▲ 406%
Taxes, remuneration and social security45	€3k	€6k	€7k	▲ 33.7%
Taxes450/3	€72	€6k	€7k	▲ 33.7%
Remuneration and social security454/9	€3k	-	-	-
Other amounts payable47/48	€21k	€11k	€13k	▲ 18.2%

Line	2023	2024	2025	Change
Profit (loss) for the period9904	€-3k	€6k	€5k	▼ 8.3%
+ Depreciation and write-downs630	€742	€1k	€472	▼ 62.9%
Operating cash flow (approximation)	€-3k	€7k	€6k	▼ 18.4%
Investment in fixed assets (approximation)	-	€0	€3k	-
Change in cash	-	€-6k	€15k	▲ 355%

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

All 4Financial 1Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

17-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €6k

Net result €6k after one loss-making year.

20-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 20 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 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, Schaarbeek · 1 establishment unit since 2023

seat establishment The establishment unit on the map

Ground area

1,205 m²

Building footprint

760 m²

Volume, LiDAR

14,336 m³

2 parcels, Brussels · tallest building 24.4 m, ±6 floors. Linked by address, not a title deed.

3 companies at this address See who is registered here

1 establishment unit

PHYSIO'ADAPT

Kasteellaan 50, 1081 KoekelbergHuman health activities

since 20232.346.637.559

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21011A0013/00Y000	Brussels	921 m²	1 · 577 m²	22.1 m · 6 fl.
21905C0149/00A009	Brussels	284 m²	1 · 183 m²	24.4 m · 6 fl.

Linked by address, not proof of ownership

Good to know

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

OVERARCHING PROJECTS

BE 0440.685.153

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Losteo

BE 1006.530.297

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CENTRE PARAMEDICAL ADYNS SIMON

Of 12,685 companies in sector 86951 we hold annual accounts for 2,142. 1,225 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

Founded19-06-2023

Fiscal year end31-12

Activities, NACEBEL 2025

86951Physiotherapy

85510Sports and recreation education

85592Vocational training

85599Other education

96230Day spas, saunas and steam baths

Scores and ratios are computed by Checked and are not a credit decision.