PHYSIOHUB
ActiveSummary
PHYSIOHUB has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,428 and a net result of €16,715. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 49% of 16666 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-13
Solvency87▼-7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.47 against 3.22 in 2024; short-term debt: 37.7% and cash: 72.9% of total assets), and 37.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.3%
Return on assets
12.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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 · 6 filingsDeviation from the deadline
2025
5 d late
2024
8 d late
2023
28 d late
2022
3 d early
2021
30 d late
2020
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€82,428▲ 25.4%
2024 · €65,713
Total assets
€132,362▲ 39.9%
2024 · €94,582
Net result
€16,715▼ 24.8%
2024 · €22,223
Working capital
€73,452▲ 14.7%
2024 · €64,066
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,059▼ 41.8%€13,484▼ 4.1%€6,828▼ 49.4%€28,874▲ 323%€21,719▼ 24.8%
Net result€9,819▼ 45.8%€9,338▼ 4.9%€4,228▼ 54.7%€22,223▲ 426%€16,715▼ 24.8%
Equity€29,924▲ 48.8%€39,262▲ 31.2%€43,490▲ 10.8%€65,713▲ 51.1%€82,428▲ 25.4%
Total assets€41,493▲ 54.1%€48,186▲ 16.1%€60,410▲ 25.4%€94,582▲ 56.6%€132,362▲ 39.9%
Debt€11,569▲ 69.7%€8,924▼ 22.9%€16,920▲ 89.6%€28,869▲ 70.6%€49,934▲ 73.0%
Working capital€29,924▲ 48.8%€39,262▲ 31.2%€43,490▲ 10.8%€64,066▲ 47.3%€73,452▲ 14.7%
Staff (FTE)5.5
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132,362
Fixed assets
€8,976 ▲ 445%
Current assets
€123,386 ▲ 32.8%
Equity and liabilities €132,362
Equity
€82,428 ▲ 25.4%
Debt
€49,934 ▲ 73.0%
Debt's share of the balance-sheet total rises from 30.5% to 37.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,721▼
2024 · €29,510
Cash flow
€17,717▼
2024 · €22,859
Current ratio
2.47▼
2024 · 3.22
Debt to equity
0.61▲
2024 · 0.44
ROE
20.3%▼
2024 · 33.8%
ROA
12.6%▼
2024 · 23.5%
Interest coverage
212.35▼
2024 · 273.24
Debt ≤ 1 year
€49,934▲
2024 · €28,869
Income taxes
€4,897▼
2024 · €6,543
Staff costs
€179,020▲
2024 · €63,576
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €11,489 | €63,576 | €179,020 | ▲ 182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €636 | €1,002 | ▲ 57.5% |
| Other operating charges640/8 | - | - | - | €107 | - | - |
| Gross operating margin9900 | €14,059 | €13,484 | €18,317 | €93,193 | €201,741 | ▲ 116% |
| Operating profit (loss)9901 | €14,059 | €13,484 | €6,828 | €28,874 | €21,719 | ▼ 24.8% |
| Financial charges65/66B | €78 | €128 | €122 | €108 | €107 | ▼ 0.9% |
| Recurring financial charges65 | €78 | €128 | €122 | €108 | €107 | ▼ 0.9% |
| Profit (loss) for the period before taxes9903 | €13,981 | €13,356 | €6,706 | €28,766 | €21,612 | ▼ 24.9% |
| Income taxes67/77 | €4,162 | €4,018 | €2,478 | €6,543 | €4,897 | ▼ 25.2% |
| Profit (loss) for the period9904 | €9,819 | €9,338 | €4,228 | €22,223 | €16,715 | ▼ 24.8% |
| Profit (loss) for the period to be appropriated9905 | €9,819 | €9,338 | €4,228 | €22,223 | €16,715 | ▼ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,493 | €48,186 | €60,410 | €94,582 | €132,362 | ▲ 39.9% |
| Fixed assets21/28 | - | - | - | €1,647 | €8,976 | ▲ 445% |
| Tangible fixed assets22/27 | - | - | - | €1,647 | €3,976 | ▲ 141% |
| Plant, machinery and equipment23 | - | - | - | €1,647 | €3,976 | ▲ 141% |
| Financial fixed assets28 | - | - | - | - | €5,000 | - |
| Current assets29/58 | €41,493 | €48,186 | €60,410 | €92,935 | €123,386 | ▲ 32.8% |
| Amounts receivable within one year40/41 | €10,738 | €24,895 | €26,721 | €43,653 | €26,946 | ▼ 38.3% |
| Trade receivables40 | €7,086 | €6,900 | €9,306 | €28,967 | €14,845 | ▼ 48.8% |
| Other amounts receivable41 | €3,652 | €17,995 | €17,415 | €14,686 | €12,101 | ▼ 17.6% |
| Cash at bank and in hand54/58 | €30,755 | €23,291 | €33,689 | €49,282 | €96,440 | ▲ 95.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,493 | €48,186 | €60,410 | €94,582 | €132,362 | ▲ 39.9% |
| Equity10/15 | €29,924 | €39,262 | €43,490 | €65,713 | €82,428 | ▲ 25.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Capital10 | €2,000 | - | - | - | - | - |
| Issued capital100 | €2,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | €27,924 | €37,262 | €41,490 | €63,713 | €80,428 | ▲ 26.2% |
| Amounts payable17/49 | €11,569 | €8,924 | €16,920 | €28,869 | €49,934 | ▲ 73.0% |
| Amounts payable within one year42/48 | €11,569 | €8,924 | €16,920 | €28,869 | €49,934 | ▲ 73.0% |
| Trade debts44 | €1,382 | €744 | €4,073 | €619 | €3,292 | ▲ 432% |
| Suppliers440/4 | €1,382 | €744 | €4,073 | €619 | €3,292 | ▲ 432% |
| Taxes, remuneration and social security45 | €10,187 | €8,180 | €12,847 | €28,250 | €46,642 | ▲ 65.1% |
| Taxes450/3 | €10,187 | €8,180 | €6,480 | €9,387 | €6,058 | ▼ 35.5% |
| Remuneration and social security454/9 | - | - | €6,367 | €18,863 | €40,584 | ▲ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,819 | €9,338 | €4,228 | €22,223 | €16,715 | ▼ 24.8% |
| + Depreciation and write-downs630 | - | - | - | €636 | €1,002 | ▲ 57.5% |
| Operating cash flow (approximation) | €9,819 | €9,338 | €4,228 | €22,859 | €17,717 | ▼ 22.5% |
| Investment in fixed assets (approximation) | - | - | - | - | -€8,331 | - |
| Change in cash | - | -€7,464 | €10,398 | €15,593 | €47,158 | ▲ 202% |
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
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Highest result since 2020net €22,223 ▲426%
Operating result €28,874, net result €22,223, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €4,228 ▼54.7%
Net result drops to €4,228, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Vorst · 2 establishment units since 2020
Ground area
2,229 m²
Building footprint
573 m²
Volume, LiDAR
6,130 m³
Parcel 21382C0271/00D002, Brussels · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
ALLO KINE
since 20202.303.145.234
PhysioHub
since 20252.373.024.034
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21382C0271/00D002 | Brussels | 2,229 m² | 1 · 573 m² | 15.6 m · 4 fl. |
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.
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Of 12,699 companies in sector 86951 we hold annual accounts for 2,143. 1,903 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
Founded17-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
Scores and ratios are computed by Checked and are not a credit decision.