Equity
€6,287 ▲ 233%
PHYSIO'ADAPT paid out €750 in dividends. That is 15% of the 2025 profit.
PHYSIO'ADAPT
Lifetime
3 annual accounts with figures on one time axispeak €9,709 (2025)
€9,709▲ 6.4%
lowest -€3,366 (2023)
€5,150▼ 8.3%
peak €6,287 (2025)
€6,287▲ 233%
€23,389▲ 36.8%
Board1 name since 2023
1 directorDE GRAVE Julien Gilbert François
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Dividend €750Equity from €1,888 to €6,287Debts from €17,095 to €23,389Cash from €9,979 to €24,715
Key points
from the 2025 annual accountsTurnover
≈ €57,000 estimated
The micro format states no turnover.
Debts
€23,389 79% of the balance sheet
Suppliers 13%Taxes and wages 32%Other 55%
Filings
3 annual accounts 1 late
The 2023 accounts came 20 days late. The other two were filed on time.
Starting capital
€500
Position in the sector
€6,287
Less equity than 89% of companies in human health. Sector median €124,598 · 20,769 companies.
Checked score
94
Excellent
Financially stronger than 49% of micro companies in human health (NACE 86)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 24,185 companies (NACE 86, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%▲ +0.1 percentage points vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Sector: Human health activities (NACE 86)
Liquidity: current ratio 1.26, cash €24,715
Figures for financial year 2025 (filed on 29-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 86, micro). It does better than 21% of them on solvency, 33% on liquidity, 46% on profitability and 96% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as PHYSIO'ADAPT has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PHYSIO'ADAPT itself is lower: 0.1% within 12 months. It rests on far more data about PHYSIO'ADAPT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for PHYSIO'ADAPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.26 (0.91 in 2024), below the usual 1.5. Short-term debt is 78.8% and cash 83.3% of total assets. 78.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 20767 sector peers (2025).
NBB · sector comparisonPosition among 20767 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · 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 filingsDeviation from the deadline
2025
32 days early
2024
14 days early
2023
20 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 9 days before the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (3 of the last 3 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Koekelberg to Schaerbeek
New registered office: Avenue du Diamant 169 boîte 6, 1030 Schaerbeek · Previous registered office: Avenue du Château 50 1081 Koekelberg · Board meeting of 10-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802881767
Incorporation
Founding capital of €500 · Founder: DE GRAVE Julien Gilbert François (comparant) · Founding capital of EUROS 500 · Appointment: DE GRAVE Julien Gilbert François (director) · published on 21-06-2023 · Gazette deed
First establishment
Kasteellaan 50, Koekelberg
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PHYSIO'ADAPT Schaerbeek | €29,677 | €9,709 | 21.2% | - |
| MATICHA Grez-Doiceau | €30,314 | €9,547 | 52.0% | - |
| Carolus Lisa Heist-op-den-Berg | €29,390 | €10,542 | 73.6% | - |
| Bobbi Ray Antwerp | €31,907 | €10,371 | 77.3% | - |
| Lavaco Heist-op-den-Berg | €26,507 | €10,522 | 36.7% | - |
| THELMA TABAR KINESITHERAPEUTE Juprelle | €32,781 | €8,360 | 38.1% | - |
| Kine–Move On Wommelgem | €35,051 | €8,308 | 90.8% | - |
These companies have the same main activity as PHYSIO'ADAPT: physiotherapy (NACE 86951). They are comparable in size and age: total assets between €26,500 and €35,100, founded in 2023.
Official details
Source: KBO- Status
- Active since 19-06-2023Normal situation
- Activity
- PhysiotherapyNACE 86951and 4 others
- Establishment unit
- 2.346.637.5591081 Koekelberg, since 19-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 05-07-2023
Annual accounts 2025
- €29,677▲ 56.3%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on PHYSIO'ADAPT
PHYSIO'ADAPT files the micro format. That format states no turnover. The gross margin rose from -€2,503 in 2023 to €9,709 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PHYSIO'ADAPT
- What is the company number of PHYSIO'ADAPT?
- The company number of PHYSIO'ADAPT is 0802.881.767. The VAT number is the same number with BE in front: BE 0802.881.767.
- Where is PHYSIO'ADAPT based?
- The registered office is at Diamantlaan 169, 1030 Schaerbeek.Company details
- What does PHYSIO'ADAPT do?
- According to the KBO register, the main activity is physiotherapy (NACE 86951).
- What is the legal form of PHYSIO'ADAPT?
- PHYSIO'ADAPT is a private limited company (BV).
- When was PHYSIO'ADAPT founded?
- PHYSIO'ADAPT was founded on 19-06-2023.
- Is PHYSIO'ADAPT still active?
- Yes, PHYSIO'ADAPT is an active enterprise in the KBO register.
- What is the turnover of PHYSIO'ADAPT?
- The turnover in financial year 2025 is ≈ €57,000. This figure is estimated from the gross margin of €9,709 and 40 comparable companies (NACE 869). It probably lies between €39,000 and €100,000. It is a rough estimate.Financials
- Is PHYSIO'ADAPT profitable?
- In financial year 2025, PHYSIO'ADAPT made a profit of €5,150.
- Where can I find the annual accounts of PHYSIO'ADAPT?
- PHYSIO'ADAPT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PHYSIO'ADAPT due?
- PHYSIO'ADAPT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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