PHYSIO IMMO
ActiveSummary
PHYSIO IMMO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,397 and a net result of -€31,103. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €31,397
- Loss
- -€31,103
- DE SCHRYVER Renaud FabienDaily manager
- VAN ERTBRUGGEN Johan RobinDaily manager
Why 82raises riskFounded in 2024Liquidity: current ratio 0.04, cash €12,140lowers riskSize: total assets €1.5mNo main activity registeredShow the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 17% on solvency, 26% on liquidity and 20% on profitability.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- IncorporationAppointments: DE SCHRYVER Renaud Fabien…
Financials · financial year 2025, abbreviated format
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Peer companies
Historical observationOf the 865 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96.6% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a small loss
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 865 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,161 |
| Other operating charges640/8 | €1,931 |
| Gross operating margin9900 | €56,242 |
| Operating profit (loss)9901 | €8,150 |
| Financial income75/76B | €183 |
| Recurring financial income75 | €183 |
| Financial charges65/66B | €39,436 |
| Recurring financial charges65 | €39,436 |
| Profit (loss) for the period before taxes9903 | -€31,103 |
| Profit (loss) for the period9904 | -€31,103 |
| Profit (loss) for the period to be appropriated9905 | -€31,103 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.5m | |
| Fixed assets21/28 | €1.5m | |
| Tangible fixed assets22/27 | €1.5m | |
| Land and buildings22 | €1.5m | |
| Current assets29/58 | €0.01m | |
| Cash at bank and in hand54/58 | €0.01m | |
| Deferred charges and accrued income490/1 | €275 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.5m | |
| Equity10/15 | €0.03m | |
| Contributions10/11 | €0.06m | |
| Capital10 | €0.06m | |
| Issued capital100 | €0.06m | |
| Profit (loss) carried forward14 | -€0.03m | |
| Amounts payable17/49 | €1.5m | |
| Amounts payable after more than one year17 | €1.1m | |
| Financial debts170/4 | €1.1m | |
| Amounts payable within one year42/48 | €0.3m | |
| Current portion of amounts payable after more than one year42 | €0.04m | |
| Other amounts payable47/48 | €0.3m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€31,103 |
| + Depreciation and write-downs630 | €46,161 |
| Operating cash flow (approximation) | €15,058 |
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 (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00348396 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 2
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| DE SCHRYVER Renaud Fabien |
|
| VAN ERTBRUGGEN Johan Robin |
|
Owners and capital
Capital and shareholders
- DE SCHRYVER Renaud Fabien 73 shares (73%) · €45,625
- VAN ERTBRUGGEN Johan Robin 27 shares (27%) · €16,875
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 29-10-2024 Incorporation · €62,500 · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-10
Gazette deed
IncorporationAppointments: DE SCHRYVER Renaud Fabien (director) and VAN ERTBRUGGEN Johan Robin (director) · Founder · Founding capital20 facts ▸
- Founder, DE SCHRYVER Renaud Fabien
- Founder, VAN ERTBRUGGEN Johan Robin
- Incorporation, “PHYSIO IMMO” (deed in French)
- Founding capital, €62,500
- Other provision, “article 7:3,§2 du Code des sociétés et des associations, plan financier et responsabilité des fondateurs” (deed in French)
- Bank account, “compte spécial au nom de la société en formation, libération des apports” (deed in French)
- Other provision, “mention erronée sur attestation bancaire, disposition légale applicable à la société à responsabilité limitée” (deed in French)
- Other provision, “fonds à disposition”, 62500 (deed in French)
- Other provision, “arrêté des statuts, arrêter les statuts” (deed in French)
- Capital, €62,500
- General meeting, “dispositions transitoires A. Assemblée générale, comparants à unanimité en assemblée générale” (deed in French)
- Registered office clause, “1380 Lasne, Rue de la Bachée”, 21 (deed in French)
- +8 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25087C0324/00R000 | Wallonia | 1,085 m² | 1 · 195 m² | 11.0 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La location d’immeubles non résidentiels propres ou loués,sauf terrains,à usage de bureaux ou de cabinets destinés à des professions…” (deed in French)
12 activities (deed in French)
- La location d’immeubles non résidentiels propres ou loués,sauf terrains,à usage de bureaux ou de cabinets destinés à des professions médicales ou paramédicales.
- Toutes opérations immobilières au sens le plus large,en ce compris,la recherche,l’étude et la réalisation de projets immobiliers.
- D’achat,vente,échange d’immeubles,constitution ou cession de droits réels immobiliers,mise en location et/ou prise en location de tous biens immeubles et droits réels immobiliers,la mise en valeur,le développement,le lotissement,l’embellissement,la transformation,l’entretien,l’amélioration,la location,la gestion et le courtage de tous biens immeubles bâtis ou non bâtis,tant en Belgique qu’à l’étranger ;
- De (faire) construire,rénover,transformer ou démolir tous immeubles ou complexes immobiliers généralement quelconques ;
- De toutes opérations financières ou commerciales se rapportant à des biens immeubles ainsi qu’à des droits réels.
- Elle peut donc notamment acheter,vendre,donner ou prendre en location tous biens bâtis ou non,conférer ou accepter tous droits réels ou personnels portant sur ces biens,les diviser par lots,prester tout conseil et toute assistance technique en matière immobilière.
- La société peut effectuer toutes opérations portant sur des biens meubles ou immeubles tels que achats,ventes,leasings,locations,constructions et autres,qu’elle estime nécessaires ou utiles à son objet ou à la gestion de son patrimoine.
- Elle dispose,d’une manière générale,d’une pleine capacité juridique pour accomplir tous les actes et opérations,commerciales,industrielles,financières,mobilières ou immobilières,ayant un rapport direct ou indirect avec son objet ou qui seraient de nature à faciliter directement ou indirectement,entièrement ou partiellement,la réalisation de cet objet.
- Elle peut s’intéresser par voie d’association,d’apport,de fusion,d’intervention financière ou autrement dans toutes sociétés,associations,affaires ou entreprises dont l’objet est identique,analogue,similaire ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de contribuer à l’écoulement de ses produits et services.
- Elle peut exercer les fonctions de gérant,d’administrateur ou liquidateur dans d’autres sociétés.
- La société peut se porter garant ou fournir des sûretés réelles pour des sociétés ou des personnes privées,au sens le plus large.
- Au cas où la prestation de certains actes serait soumise à des conditions préalables d’accès à la profession,la société subordonnera son action,en ce qui concerne la prestation de ces actes,à la réalisation de ces conditions.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PHYSIO IMMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts,succursales en Belgique et à l’étranger par organe d’administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “3, continuer mission après démission jusqu’à remplacement au terme d’une période raisonnable” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Actions, librement” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 20:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque raison à n'importe quel moment, organe d'administration en fonction en collège de liquidateurs” (deed in French)“Assemblée générale contraire à majorité des voix, toutes opérations prévues par loi” (deed in French)