Active BE 0428.242.033Public limited company

PHYSIOL

Allée des Noisetiers 4 ·4031 Liège, Belgium· 40 yrs active

Sector: NACE 21201 (21201)

Conclusion Checked

The computed 12-month bankruptcy probability of PHYSIOL is 0.4% (very low). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. No processed annual-account figures are available; this conclusion rests on registry and State Gazette data only.

Based on State Gazette and CBE data.

Key figures

Active	40 yrs
Board	9
Locations	1

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

Long track record −Lower-risk legal form −Higher-failure-rate sector +

Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

Long-established

Founded in 1986 — 40 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Financial overview10 NBB filings

Financials being processed

NBB has 10 filing(s) on record for this company — latest fiscal year 2024 (volledig). The annual accounts are being processed.

Filings on record

Fiscal year	Type	Filed	Reference
31-12-2024	volledig	30-06-2025	2025-00204727
31-12-2023	volledig	11-07-2024	2024-00241372
31-12-2022	volledig	07-07-2023	2023-00217886
31-12-2021	volledig	23-06-2022	2022-20091754
31-12-2020	volledig	09-07-2021	2021-34900196
31-12-2019	volledig	27-08-2020	2020-45700025
31-12-2018	volledig	24-07-2019	2019-37200020
31-12-2017	volledig	10-07-2018	2018-30400199
31-12-2016	volledig	06-07-2017	2017-27900513
31-12-2015	volledig	01-07-2016	2016-26900045

Directors & mandates 12 directors

Current directors & mandates

James Richard Hollingshead
Director
State Gazette act 26035893 (11-03-2026)

Current
19-01-2026 → present
Todd Brooks Patriacca
Director
State Gazette act 26035893 (11-03-2026)

Current
19-01-2026 → present
Denis Hazée
Director
State Gazette act 21104815 (01-09-2021)

Current
15-07-2021 → present
Jean-Nicolas Fassin
Director
State Gazette act 19065030 (14-05-2019)

Current
28-02-2019 → present
Marc Nolet de Brauwere
Managing director
State Gazette act 17064481 (08-05-2017)

Current
01-06-2016 → present
PhysIOL GroupLegal entity
Director· perm. rep.: Christophe Pagnoulle
State Gazette act 19065030 (14-05-2019)

Current
22-07-2015 → present
2 events
- 28-02-2019 Appointed· Director
- 22-07-2015 Appointed· Director
Christophe Pagnoulle
Director
State Gazette act 15115123 (10-08-2015)

Current
25-06-2015 → present
GAUDETOLegal entity
Director· perm. rep.: Jacques GALLOY
State Gazette act 17145504 (13-10-2017)

Current
08-01-2015 → present
2 events
- 07-06-2017 Mandate renewed· Director
- 08-01-2015 Appointed· Director
GALLOY CONSULTING AND ASSET MANAGEMENT SPRLLegal entity
Director· perm. rep.: JACQUES GALLOY
State Gazette act 14037647 (07-02-2014)

Current
06-12-2013 → present

Former directors (3)

David Murray
Director
State Gazette act 21032448 (11-03-2021)

Former
26-02-2021 → 26-09-2022
2 events
- 26-09-2022 Resigned· Director
- 26-02-2021 Appointed· Director
Dana G. Mead, Jr.
Director
State Gazette act 19065030 (14-05-2019)

Former
28-02-2019 → 08-07-2019
2 events
- 08-07-2019 Resigned· Director
- 28-02-2019 Appointed· Director
Marc Nolet de Brauwere van Steeland
Director
State Gazette act 19065030 (14-05-2019)

Former
28-02-2019 → 28-02-2019
3 events
- 28-02-2019 Resigned· Director
- 28-02-2019 Appointed· Director
- 28-02-2019 Resigned· Managing director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor 3 auditor

Statutory auditor	IRE/IBR number	Tenure
BDO Réviseurs d'EntreprisesCurrent Statutory auditor · represented by Christophe COLSON	—	17-07-2014 → present
PricewaterhouseCoopers Réviseurs d'Entreprises SRLCurrent Statutory auditor · represented by Mélanie Adorante	—	21-12-2020 → present
PwC Réviseurs d'Entreprises SRLCurrent Statutory auditor · represented by Mélanie Adorante	—	23-04-2024 → present

Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Legal Structure

NACE primary	21201
Legal form	Public limited company(014)
Incorporation	13-01-1986
Status	Active
Postal code	4031

Connections & network 4 connected companies

Group structure

GAUDETO

Parent · 2 subsidiaries · 1 location

Control→

PhysIOL Group

Parent · 1 subsidiary · 1 location

Control→

Linked via shared directors

PhysIOL Group

via Christophe Pagnoulle · Permanent representative

→

Network connections

PRG PROJECTS

Shared corporate director

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Establishment units 1 location

BVI - BVI Liège - BVI Benelux - BVI International - Beaver-Visitec International

Allée des Noisetiers 4, 4031 LiègeOverige gespecialiseerde detailhandel in artikelen, andere dan voedingsmiddelen, n.e.g.

since 19862.028.605.639

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62002C0005/00S006	Wallonia	5,164 m²	1 · 1,193 m²	9.2 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

30-06-2025