PhysioNext
ActivePhysioNext has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €-18k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 17% of 16511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability25▼-55
Solvency39▼-19
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 2.32 in 2024; short-term debt: 10.3% and cash: 12.5% of total assets), but 85.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 86
lower
← 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
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 2025Solvency, return and age of the figures
Solvency
14.3%
Return on assets
-5.8%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 16511 sector peers (2025).
NBB · sector comparisonPosition among 16511 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
40 d early
2024
53 d early
2023
62 d early
2022
46 d early
2021
41 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 28.9%
2024 · €63k
2021: €30k
2022: €31k
2023: €45k
2024: €63k
2021 → 2025
Total assets
€311k▲ 65.8%
2024 · €188k
2021: €79k
2022: €65k
2023: €77k
2024: €188k
2021 → 2025
Net result
€-18k
2024 · €17k
2021: €25k
2022: €700
2023: €15k
2024: €17k
2021 → 2025
Working capital
€20k▼ 39.3%
2024 · €33k
2021: €11k
2022: €14k
2023: €29k
2024: €33k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€31k▲ 2.3%€45k▲ 47.4%€63k▲ 37.9%€45k▼ 28.9%
Operating result€35k-€2k▼ 94.3%€22k▲ 989%€26k▲ 20.7%€-11k
Net result€25k-€700▼ 97.2%€15k▲ 1,986%€17k▲ 17.9%€-18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €26k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €311k
Fixed assets
€259k▲ 100%
Current assets
€52k▼ 10.1%
Equity and liabilities €311k
Equity
€45k▼ 28.9%
Debt
€267k▲ 113%
The debt ratio rises from 66.6% to 85.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €40k
Cash flow
€4k▼
2024 · €31k
Solvency
14.3%▼
2024 · 33.4%
Current ratio
1.63▼
2024 · 2.32
Quick ratio
1.63▼
2024 · 2.32
Debt / equity
5.99▲
2024 · 2.00
ROE
-40.7%▼
2024 · 27.5%
ROA
-5.8%▼
2024 · 9.2%
Interest coverage
1.62▼
2024 · 12.15
Debt
€267k▲
2024 · €125k
Debt ≤ 1 year
€32k▲
2024 · €25k
Debt > 1 year
€235k▲
2024 · €100k
Income taxes
€217▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€188k€311k▲
Fixed assets21/28€129k€259k▲
Tangible fixed assets22/27€129k€259k▲
Plant, machinery and equipment23€16k€12k▼
Furniture and vehicles24€58k€62k▲
Other tangible fixed assets26€56k€185k▲
Current assets29/58€58k€52k▼
Amounts receivable within one year40/41-€5k
Other amounts receivable41-€5k
Cash at bank and in hand54/58€48k€39k▼
Deferred charges and accrued income490/1€10k€9k▼
Equity and liabilities
Total equity and liabilities10/49€188k€311k▲
Equity10/15€63k€45k▼
Contributions10/11€5k€5k=
Reserves13€58k€58k=
Distributable reserves133€58k€58k=
Profit (loss) carried forward14-€-18k
Amounts payable17/49€125k€267k▲
Amounts payable after more than one year17€100k€235k▲
Financial debts170/4€100k€235k▲
Amounts payable within one year42/48€25k€32k▲
Current portion of amounts payable after more than one year42€18k€25k▲
Trade debts44€72€1k▲
Suppliers440/4€72€1k▲
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€5k€5k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€1k€968▼
Accrued charges and deferred income492/3€120€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€22k▲
Other operating charges640/8€496€12k▲
Gross operating margin9900€41k€23k▼
Operating profit (loss)9901€26k€-11k▼
Financial income75/76B€89€0▼
Recurring financial income75€89€0▼
Financial charges65/66B€3k€7k▲
Recurring financial charges65€3k€7k▲
Profit (loss) for the period before taxes9903€23k€-18k▼
Income taxes67/77€6k€217▼
Profit (loss) for the period9904€17k€-18k▼
Profit (loss) for the period to be appropriated9905€17k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€-18k▼
Transfer to equity691/2€17k€0▼
To other reserves6921€17k€0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-18k ▼205%
Net result drops to €-18k, the lowest in the series.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Pelt · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Peerderbaan 1313910 PeltGround area
1,055 m²
Building footprint
188 m²
Parcel 72033B0800/00B003, Flanders. Linked by address, not a title deed.
1 establishment unit
PhysioNext
since 20202.300.377.467
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72033B0800/00B003 | Flanders | 1,055 m² | 1 · 188 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 150 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 150 EUR | 150 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,690 companies in sector 86951 we hold annual accounts for 2,142. 1,951 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2020
Fiscal year end30-06
Activities, NACEBEL
86905Human health activities
86951Physiotherapy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.