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PHYSIOFIX

Active
Private limited companyfounded 20233 yrs activede Henninstraat 8, 1050 Elsene, BelgiumKBO/BCE: BE 0804.907.285
Summary

PHYSIOFIX has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45,690 and a net result of €33,691. Equity is growing by ~123.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Financials · fiscal year 2025, micro schema

Equity
€45,690▲ 281%
2024 · €11,999
Total assets
€57,052▲ 210%
2024 · €18,422
Net result
€33,691
2024 · -€1,168
Working capital
€43,990▲ 278%
2024 · €11,627
Trend over the years

2023 to 2025, 3 fiscal years

The operating result returns to profit in 2025: €42,959 after a loss of €1,067 in 2024, the highest result in the available series.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€42,959 2025 Net result€33,691 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€11,776--€1,067€42,959
Net result€9,167--€1,168€33,691
Equity€13,167-€11,999▼ 8.9%€45,690▲ 281%
Total assets€16,349-€18,422▲ 12.7%€57,052▲ 210%
Debt€3,182-€6,423▲ 102%€11,362▲ 76.9%
Working capital€12,594-€11,627▼ 7.7%€43,990▲ 278%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57,052
Fixed assets €1,700 ▲ 357%
Current assets €55,352 ▲ 207%
Equity and liabilities €57,052
Equity €45,690 ▲ 281%
Debt €11,362 ▲ 76.9%
Debt's share of the balance-sheet total falls from 34.9% to 19.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€43,550▲
2024 · -€865
Cash flow
€34,282▲
2024 · -€966
Current ratio
4.87▲
2024 · 2.81
Debt to equity
0.25▼
2024 · 0.54
ROE
73.7%▲
2024 · -9.7%
ROA
59.1%▲
2024 · -6.3%
Interest coverage
967.34▲
2024 · -19.04
Debt ≤ 1 year
€11,362▲
2024 · €6,423
Income taxes
€9,228▲
2024 · €298
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 39,278 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 · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€18,422€57,052▲
Fixed assets21/28€372€1,700▲
Tangible fixed assets22/27€372€1,700▲
Plant, machinery and equipment23€372€1,700▲
Current assets29/58€18,050€55,352▲
Amounts receivable within one year40/41€7,620€27,854▲
Trade receivables40€3,822€27,854▲
Other amounts receivable41€3,797-
Cash at bank and in hand54/58€10,430€27,337▲
Deferred charges and accrued income490/1-€161
Equity and liabilities
Total equity and liabilities10/49€18,422€57,052▲
Equity10/15€11,999€45,690▲
Contributions10/11€4,000€4,000=
Profit (loss) carried forward14€7,999€41,690▲
Amounts payable17/49€6,423€11,362▲
Amounts payable within one year42/48€6,423€11,362▲
Trade debts44€3,669€1,147▼
Suppliers440/4€3,669€1,147▼
Taxes, remuneration and social security45€2,754€6,228▲
Taxes450/3€2,754€6,228▲
Other amounts payable47/48-€3,987
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€202€591▲
Other operating charges640/8€387€400▲
Gross operating margin9900-€478€43,950▲
Operating profit (loss)9901-€1,067€42,959▲
Financial income75/76B€242€5▼
Recurring financial income75€242€5▼
Financial charges65/66B€45€45▼
Recurring financial charges65€45€45▼
Profit (loss) for the period before taxes9903-€870€42,919▲
Income taxes67/77€298€9,228▲
Profit (loss) for the period9904-€1,168€33,691▲
Profit (loss) for the period to be appropriated9905-€1,168€33,691▲
Appropriation of the result
Profit (loss) to be appropriated9906€7,999€41,690▲
Profit (loss) brought forward from the previous period14P€9,167€7,999▼

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

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32€202€591▲ 193%
Other operating charges640/8-€387€400▲ 3.2%
Gross operating margin9900€11,808-€478€43,950▲ 9,296%
Operating profit (loss)9901€11,776-€1,067€42,959▲ 4,125%
Financial income75/76B€8€242€5▼ 97.9%
Recurring financial income75€8€242€5▼ 97.9%
Financial charges65/66B€160€45€45▼ 0.9%
Recurring financial charges65€160€45€45▼ 0.9%
Profit (loss) for the period before taxes9903€11,623-€870€42,919▲ 5,031%
Income taxes67/77€2,456€298€9,228▲ 2,996%
Profit (loss) for the period9904€9,167-€1,168€33,691▲ 2,983%
Profit (loss) for the period to be appropriated9905€9,167-€1,168€33,691▲ 2,983%
Line202320242025Change
Assets
Total assets20/58€16,349€18,422€57,052▲ 210%
Fixed assets21/28€574€372€1,700▲ 357%
Tangible fixed assets22/27€574€372€1,700▲ 357%
Plant, machinery and equipment23€574€372€1,700▲ 357%
Current assets29/58€15,776€18,050€55,352▲ 207%
Amounts receivable within one year40/41€7,654€7,620€27,854▲ 266%
Trade receivables40€3,452€3,822€27,854▲ 629%
Other amounts receivable41€4,202€3,797--
Cash at bank and in hand54/58€7,915€10,430€27,337▲ 162%
Deferred charges and accrued income490/1€207-€161-
Equity and liabilities
Total equity and liabilities10/49€16,349€18,422€57,052▲ 210%
Equity10/15€13,167€11,999€45,690▲ 281%
Contributions10/11€4,000€4,000€4,000=
Profit (loss) carried forward14€9,167€7,999€41,690▲ 421%
Amounts payable17/49€3,182€6,423€11,362▲ 76.9%
Amounts payable within one year42/48€3,182€6,423€11,362▲ 76.9%
Trade debts44€726€3,669€1,147▼ 68.7%
Suppliers440/4€726€3,669€1,147▼ 68.7%
Taxes, remuneration and social security45€2,456€2,754€6,228▲ 126%
Taxes450/3€2,456€2,754€6,228▲ 126%
Other amounts payable47/48--€3,987-
Line202320242025Change
Profit (loss) for the period9904€9,167-€1,168€33,691▲ 2,983%
+ Depreciation and write-downs630€32€202€591▲ 193%
Operating cash flow (approximation)€9,200-€966€34,282▲ 3,647%
Investment in fixed assets (approximation)-€0-€1,919-
Change in cash-€2,516€16,907▲ 572%

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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