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PHYSIO T

Active
Private limited companyfounded 200520 yrs activeVoie de Lonneux 1, 4100 Seraing, BelgiumKBO/BCE: BE 0877.419.240
Summary

PHYSIO T has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €52,906 and a net result of €5,422. Its solvency ranks better than 81% of 6159 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes
Profitability77
Solvency92
Growth-
Track record85
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 2.72; short-term debt: 33.1% of total assets), and 33.1% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
66.9%
Return on assets
6.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2024
60 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 60 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 22 November 2005, PHYSIO T was incorporated.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€52,906
Total assets
€79,120
Net result
€5,422
Working capital
€45,197

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

Balance-sheet composition
Assets €79,120
Fixed assets €7,709
Current assets €71,411
Equity and liabilities €79,120
Equity €52,906
Debt €26,214
Debt finances 33.1% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€12,966
Cash flow
€11,281
Current ratio
2.72
Debt to equity
0.50
ROE
10.2%
ROA
6.9%
Interest coverage
51.41
Debt ≤ 1 year
€26,214
Income taxes
€3,290

Peer companies

Historical observation

Of the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,324 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 41 lines
Balance sheet Code2024
Assets
Total assets20/58€79,120
Fixed assets21/28€7,709
Tangible fixed assets22/27€7,709
Plant, machinery and equipment23€3,881
Furniture and vehicles24€3,828
Current assets29/58€71,411
Amounts receivable within one year40/41€71,411
Trade receivables40€33,159
Other amounts receivable41€38,252
Equity and liabilities
Total equity and liabilities10/49€79,120
Equity10/15€52,906
Contributions10/11€2,500
Reserves13€23,800
Distributable reserves133€23,800
Profit (loss) carried forward14€26,606
Amounts payable17/49€26,214
Amounts payable within one year42/48€26,214
Financial debts43€253
Credit institutions430/8€253
Trade debts44€7,446
Suppliers440/4€7,446
Taxes, remuneration and social security45€10,915
Taxes450/3€10,815
Remuneration and social security454/9€100
Other amounts payable47/48€7,600
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,860
Other operating charges640/8€1,363
Gross operating margin9900€14,330
Operating profit (loss)9901€7,107
Financial income75/76B€1,857
Recurring financial income75€1,857
Financial charges65/66B€252
Recurring financial charges65€252
Profit (loss) for the period before taxes9903€8,711
Income taxes67/77€3,290
Profit (loss) for the period9904€5,422
Profit (loss) for the period to be appropriated9905€5,422
Appropriation of the result
Profit (loss) to be appropriated9906€32,606
Profit (loss) brought forward from the previous period14P€27,184
Profit to be distributed694/7€6,000
Directors or managers695€6,000

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,860
Other operating charges640/8€1,363
Gross operating margin9900€14,330
Operating profit (loss)9901€7,107
Financial income75/76B€1,857
Recurring financial income75€1,857
Financial charges65/66B€252
Recurring financial charges65€252
Profit (loss) for the period before taxes9903€8,711
Income taxes67/77€3,290
Profit (loss) for the period9904€5,422
Profit (loss) for the period to be appropriated9905€5,422
Line2024
Assets
Total assets20/58€79,120
Fixed assets21/28€7,709
Tangible fixed assets22/27€7,709
Plant, machinery and equipment23€3,881
Furniture and vehicles24€3,828
Current assets29/58€71,411
Amounts receivable within one year40/41€71,411
Trade receivables40€33,159
Other amounts receivable41€38,252
Equity and liabilities
Total equity and liabilities10/49€79,120
Equity10/15€52,906
Contributions10/11€2,500
Reserves13€23,800
Distributable reserves133€23,800
Profit (loss) carried forward14€26,606
Amounts payable17/49€26,214
Amounts payable within one year42/48€26,214
Financial debts43€253
Credit institutions430/8€253
Trade debts44€7,446
Suppliers440/4€7,446
Taxes, remuneration and social security45€10,915
Taxes450/3€10,815
Remuneration and social security454/9€100
Other amounts payable47/48€7,600
Line2024
Profit (loss) for the period9904€5,422
+ Depreciation and write-downs630€5,860
Operating cash flow (approximation)€11,281

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Seraing · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
801 m²
Building footprint
165 m²
Parcel 62019B0551/00G000, Wallonia. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
TERRE NOMADE
Voie de Lonneux 1, 4100 SeraingNACE 51180
since 20052.150.516.328
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62019B0551/00G000 Wallonia 801 m² 1 · 165 m² -
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.

Similar companies · same sector, comparable size

Of 6,709 companies in sector 96230 we hold annual accounts for 628. 481 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
Founded22-11-2005
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
47750Retail sale of cosmetics and toilet articles
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 26 September 2026 · Peppol Directory

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