PHYSIOLIFE
ActiveSummary
The computed 12-month bankruptcy probability of PHYSIOLIFE is 1.6% (moderate). The 2025 annual accounts show equity of €99,846 and a net result of €7,329. Equity is growing by ~9.2% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+13
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 7.39 against 19.17 in 2024; short-term debt: 9.1% and cash: 58.9% of total assets), and 9.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
90.9%
Return on assets
6.7%
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 31-08-2026, 31 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
7 d early
2023
28 d late
2022
32 d late
2021
40 d early
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 6 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 29 August (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€99,846▼ 2.4%
2024 · €102,339
Total assets
€109,843▲ 4.7%
2024 · €104,895
Net result
€7,329
2024 · -€3,982
Working capital
€63,857▲ 37.5%
2024 · €46,447
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€27,855▼ 32.7%€32,761▲ 17.6%-€17,889-€3,706▲ 79.3%€7,522
Net result€19,663▼ 33.8%€20,071▲ 2.1%-€18,042-€3,982▲ 77.9%€7,329
Equity€104,291▲ 23.2%€124,362▲ 19.2%€106,320▼ 14.5%€102,339▼ 3.7%€99,846▼ 2.4%
Total assets€177,880▲ 8.8%€188,934▲ 6.2%€110,870▼ 41.3%€104,895▼ 5.4%€109,843▲ 4.7%
Debt€73,589▼ 6.6%€64,572▼ 12.3%€4,549▼ 93.0%€2,556▼ 43.8%€9,997▲ 291%
Working capital€29,073€48,074▲ 65.4%€56,646▲ 17.8%€46,447▼ 18.0%€63,857▲ 37.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7,522 after a loss of €3,706 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109,843
Fixed assets
€35,990 ▼ 35.6%
Current assets
€73,854 ▲ 50.7%
Equity and liabilities €109,843
Equity
€99,846 ▼ 2.4%
Debt
€9,997 ▲ 291%
Debt's share of the balance-sheet total rises from 2.4% to 9.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€29,474▲
2024 · €16,955
Cash flow
€29,280▲
2024 · €16,680
Current ratio
7.39▼
2024 · 19.17
Debt to equity
0.10▲
2024 · 0.02
ROE
7.3%▲
2024 · -3.9%
ROA
6.7%▲
2024 · -3.8%
Interest coverage
173.03▲
2024 · 110.62
Debt ≤ 1 year
€9,997▲
2024 · €2,556
Income taxes
€176▲
2024 · €125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
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 1.6% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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 26,975 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,081 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,693 | €14,930 | €13,395 | €20,661 | €21,951 | ▲ 6.2% |
| Other operating charges640/8 | €456 | €540 | €1,273 | €1,285 | €752 | ▼ 41.5% |
| Non-recurring operating charges66A | - | - | - | - | €450 | - |
| Gross operating margin9900 | €42,003 | €48,231 | -€3,221 | €18,240 | €30,676 | ▲ 68.2% |
| Operating profit (loss)9901 | €27,855 | €32,761 | -€17,889 | -€3,706 | €7,522 | ▲ 303% |
| Financial income75/76B | - | - | €1 | €3 | €153 | ▲ 5,005% |
| Recurring financial income75 | - | - | €1 | €3 | €153 | ▲ 5,005% |
| Financial charges65/66B | €144 | €446 | €153 | €153 | €170 | ▲ 11.1% |
| Recurring financial charges65 | €144 | €446 | €153 | €153 | €170 | ▲ 11.1% |
| Profit (loss) for the period before taxes9903 | €27,711 | €32,315 | -€18,042 | -€3,857 | €7,505 | ▲ 295% |
| Income taxes67/77 | €8,048 | €12,243 | - | €125 | €176 | ▲ 40.9% |
| Profit (loss) for the period9904 | €19,663 | €20,071 | -€18,042 | -€3,982 | €7,329 | ▲ 284% |
| Profit (loss) for the period to be appropriated9905 | €19,663 | €20,071 | -€18,042 | -€3,982 | €7,329 | ▲ 284% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €177,880 | €188,934 | €110,870 | €104,895 | €109,843 | ▲ 4.7% |
| Fixed assets21/28 | €75,218 | €76,289 | €49,674 | €55,892 | €35,990 | ▼ 35.6% |
| Intangible fixed assets21 | €72,000 | €60,000 | €48,000 | €36,000 | €24,000 | ▼ 33.3% |
| Tangible fixed assets22/27 | €3,193 | €16,264 | €1,649 | €19,867 | €11,965 | ▼ 39.8% |
| Furniture and vehicles24 | €3,193 | €16,264 | €1,649 | €19,867 | €11,965 | ▼ 39.8% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €102,662 | €112,645 | €61,195 | €49,003 | €73,854 | ▲ 50.7% |
| Amounts receivable within one year40/41 | - | €4,536 | €9,858 | - | €8,783 | - |
| Trade receivables40 | - | €4,536 | - | - | €730 | - |
| Other amounts receivable41 | - | - | €9,858 | - | €8,053 | - |
| Cash at bank and in hand54/58 | €102,662 | €107,848 | €50,910 | €47,837 | €64,696 | ▲ 35.2% |
| Deferred charges and accrued income490/1 | - | €261 | €428 | €1,166 | €375 | ▼ 67.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €177,880 | €188,934 | €110,870 | €104,895 | €109,843 | ▲ 4.7% |
| Equity10/15 | €104,291 | €124,362 | €106,320 | €102,339 | €99,846 | ▼ 2.4% |
| Contributions10/11 | €20,460 | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €19,663 | €19,663 | €19,663 | €19,663 | €19,663 | = |
| Distributable reserves133 | €19,663 | €19,663 | €19,663 | €19,663 | €19,663 | = |
| Profit (loss) carried forward14 | €64,168 | €84,239 | €66,197 | €62,215 | €59,723 | ▼ 4.0% |
| Amounts payable17/49 | €73,589 | €64,572 | €4,549 | €2,556 | €9,997 | ▲ 291% |
| Amounts payable within one year42/48 | €73,589 | €64,572 | €4,549 | €2,556 | €9,997 | ▲ 291% |
| Trade debts44 | €348 | - | €272 | €11 | - | - |
| Suppliers440/4 | €348 | - | €272 | €11 | - | - |
| Taxes, remuneration and social security45 | €7,579 | €8,768 | €4,277 | €125 | €1,944 | ▲ 1,455% |
| Taxes450/3 | €7,579 | €8,768 | €4,277 | €125 | €1,944 | ▲ 1,455% |
| Other amounts payable47/48 | €65,663 | €55,804 | - | €2,420 | €8,053 | ▲ 233% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,663 | €20,071 | -€18,042 | -€3,982 | €7,329 | ▲ 284% |
| + Depreciation and write-downs630 | €13,693 | €14,930 | €13,395 | €20,661 | €21,951 | ▲ 6.2% |
| Operating cash flow (approximation) | €33,356 | €35,001 | -€4,647 | €16,680 | €29,280 | ▲ 75.5% |
| Investment in fixed assets (approximation) | - | -€16,001 | €13,219 | -€26,879 | -€2,049 | ▲ 92.4% |
| Change in cash | - | €5,186 | -€56,939 | -€3,073 | €16,859 | ▲ 649% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €7,329
Net result €7,329 after 2 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€18,042
Net result drops to -€18,042, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 8current ratio 13.45
Current ratio from 1.74 to 13.45; short-term debt falls from €64,572 to €4,549.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €104,291 ▲23.2%
4 profitable years in a row build equity to €104,291.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €29,698 ▲54.9%
Operating result €41,378, net result €29,698, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Thuin · 2 establishment units since 2017
Ground area
29.6 ha
Building footprint
2.3 ha
Volume, LiDAR
756 m³
2 parcels, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
PHYSIOLIFE
since 20172.270.014.883
Rue de Gozée 706, 6110 Montigny-le-Tilleul
since 20172.270.015.576
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52048D0087/00A006 | Wallonia | 29.5 ha | 1 · 2.3 ha | - |
| 56352A0223/02Z017 | Wallonia | 868 m² | 1 · 149 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded16-11-2017
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0684735173
Also
9925:BE0684735173
Registered
02-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.