PHYSIOVITH
ActiveSummary
PHYSIOVITH has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €406,918 and a net result of €109,611. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 40% of 644 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+3
Solvency68▲+4
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 11.4 against 12.69 in 2024; short-term debt: 7.8% and cash: 44.7% of total assets), but 56.6% 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 · 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
43.4%
Return on assets
11.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
57 d early
2024
29 d early
2023
36 d early
2022
34 d early
2021
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 40 days before 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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, full schema
In the rankings
#7 company by total assets in Saint-Vith, Health and social work sector#9 company by equity in Saint-Vith, Health and social work sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€109,611▲ 58.8%
2024 · €69,018
Working capital
€756,167▲ 30.7%
2024 · €578,696
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€127,464-€85,344▼ 33.0%€79,938▼ 6.3%€99,736▲ 24.8%€143,905▲ 44.3%
Net result€86,772within the sector's middle half-€61,559within the sector's middle half▼ 29.1%€54,957within the sector's middle half▼ 10.7%€69,018within the sector's middle half▲ 25.6%€109,611within the sector's middle half▲ 58.8%
Equity€111,772within the sector's middle half-€173,331within the sector's middle half▲ 55.1%€228,289within the sector's middle half▲ 31.7%€297,307within the sector's middle half▲ 30.2%€406,918within the sector's middle half▲ 36.9%
Total assets€486,199within the sector's middle half-€655,464within the sector's middle half▲ 34.8%€683,144within the sector's middle half▲ 4.2%€753,062within the sector's middle half▲ 10.2%€937,888within the sector's middle half▲ 24.5%
Debt€374,427-€482,133▲ 28.8%€454,855▼ 5.7%€455,755▲ 0.2%€530,970▲ 16.5%
Working capital€402,129within the sector's middle half-€435,900within the sector's middle half▲ 8.4%€465,551within the sector's middle half▲ 6.8%€578,696above the sector's middle half▲ 24.3%€756,167within the sector's middle half▲ 30.7%
Solvency23.0%below the sector's middle half-26.4%below the sector's middle half▲ 3.5pp33.4%within the sector's middle half▲ 7.0pp39.5%within the sector's middle half▲ 6.1pp43.4%within the sector's middle half▲ 3.9pp
Current ratio6.80above the sector's middle half-5.66above the sector's middle half▼ 1.145.95above the sector's middle half▲ 0.2912.69above the sector's middle half▲ 6.7311.40above the sector's middle half▼ 1.29
Return on assets (ROA)17.8%within the sector's middle half-9.4%within the sector's middle half▼ 8.5pp8.0%within the sector's middle half▼ 1.3pp9.2%within the sector's middle half▲ 1.1pp11.7%within the sector's middle half▲ 2.5pp
Staff (FTE)1.2below the sector's middle half-1.2below the sector's middle half=1.2below the sector's middle half=1.2below the sector's middle half=1.2below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 44% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €937,888
Fixed assets
€109,024 ▼ 12.7%
Current assets
€828,864 ▲ 31.9%
Equity and liabilities €937,888
Equity
€406,918 ▲ 36.9%
Debt
€530,970 ▲ 16.5%
Debt's share of the balance-sheet total falls from 60.5% to 56.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€164,039▲
2024 · €118,400
Cash flow
€129,745▲
2024 · €87,682
Debt to equity
1.30▼
2024 · 1.53
ROE
26.9%▲
2024 · 23.2%
Interest coverage
188.25▲
2024 · 116.99
Debt ≤ 1 year
€72,697▲
2024 · €49,512
Debt > 1 year
€30,189▼
2024 · €42,025
Income taxes
€48,067▲
2024 · €32,133
Staff costs
€91,960▲
2024 · €89,938
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 lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €98,111 | €74,974 | €80,042 | €89,938 | €91,960 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,429 | €11,270 | €18,355 | €18,664 | €20,134 | ▲ 7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,419 | - |
| Other operating charges640/8 | €605 | €3,789 | €2,119 | €1,460 | €3,118 | ▲ 114% |
| Non-recurring operating charges66A | €1,600 | - | - | - | - | - |
| Gross operating margin9900 | €232,209 | €175,377 | €180,454 | €209,798 | €260,536 | ▲ 24.2% |
| Operating profit (loss)9901 | €127,464 | €85,344 | €79,938 | €99,736 | €143,905 | ▲ 44.3% |
| Financial income75/76B | €6 | €131 | €2,305 | €2,427 | €14,644 | ▲ 503% |
| Recurring financial income75 | €6 | €131 | €2,305 | €2,427 | €14,644 | ▲ 503% |
| Financial charges65/66B | €84 | €2,414 | €2,029 | €1,012 | €871 | ▼ 13.9% |
| Recurring financial charges65 | €84 | €2,414 | €2,029 | €1,012 | €871 | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | €127,385 | €83,062 | €80,213 | €101,151 | €157,678 | ▲ 55.9% |
| Income taxes67/77 | €40,614 | €21,502 | €25,256 | €32,133 | €48,067 | ▲ 49.6% |
| Profit (loss) for the period9904 | €86,772 | €61,559 | €54,957 | €69,018 | €109,611 | ▲ 58.8% |
| Profit (loss) for the period to be appropriated9905 | €86,772 | €61,559 | €54,957 | €69,018 | €109,611 | ▲ 58.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €486,199 | €655,464 | €683,144 | €753,062 | €937,888 | ▲ 24.5% |
| Fixed assets21/28 | €14,701 | €126,033 | €123,602 | €124,854 | €109,024 | ▼ 12.7% |
| Intangible fixed assets21 | - | €5,252 | €3,115 | €978 | - | - |
| Tangible fixed assets22/27 | €14,701 | €92,832 | €92,538 | €95,927 | €81,075 | ▼ 15.5% |
| Plant, machinery and equipment23 | €12,742 | €89,339 | €90,151 | €93,985 | €80,308 | ▼ 14.6% |
| Furniture and vehicles24 | €1,959 | €3,493 | €2,387 | €1,942 | €767 | ▼ 60.5% |
| Financial fixed assets28 | - | €27,949 | €27,949 | €27,949 | €27,949 | = |
| Current assets29/58 | €471,498 | €529,431 | €559,542 | €628,208 | €828,864 | ▲ 31.9% |
| Amounts receivable within one year40/41 | €226,632 | €227,306 | €230,128 | €262,900 | €291,836 | ▲ 11.0% |
| Trade receivables40 | €226,632 | €227,306 | €230,128 | €262,900 | €291,836 | ▲ 11.0% |
| Current investments50/53 | - | €28,941 | €59,619 | €210,000 | €110,000 | ▼ 47.6% |
| Cash at bank and in hand54/58 | €243,610 | €271,320 | €268,042 | €149,071 | €419,341 | ▲ 181% |
| Deferred charges and accrued income490/1 | €1,256 | €1,864 | €1,753 | €6,238 | €7,687 | ▲ 23.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €486,199 | €655,464 | €683,144 | €753,062 | €937,888 | ▲ 24.5% |
| Equity10/15 | €111,772 | €173,331 | €228,289 | €297,307 | €406,918 | ▲ 36.9% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €86,772 | €148,331 | €203,289 | €272,307 | €381,918 | ▲ 40.3% |
| Distributable reserves133 | €86,772 | €148,331 | €203,289 | €272,307 | €381,918 | ▲ 40.3% |
| Amounts payable17/49 | €374,427 | €482,133 | €454,855 | €455,755 | €530,970 | ▲ 16.5% |
| Amounts payable after more than one year17 | - | €65,295 | €53,727 | €42,025 | €30,189 | ▼ 28.2% |
| Financial debts170/4 | - | €65,295 | €53,727 | €42,025 | €30,189 | ▼ 28.2% |
| Amounts payable within one year42/48 | €69,369 | €93,531 | €93,991 | €49,512 | €72,697 | ▲ 46.8% |
| Current portion of amounts payable after more than one year42 | - | €11,437 | €11,569 | €11,724 | €11,836 | ▲ 1.0% |
| Trade debts44 | €10,328 | €4,030 | €14,871 | €7,575 | €4,656 | ▼ 38.5% |
| Suppliers440/4 | €10,328 | €4,030 | €14,871 | €7,575 | €4,656 | ▼ 38.5% |
| Taxes, remuneration and social security45 | €59,041 | €78,064 | €67,551 | €30,213 | €56,204 | ▲ 86.0% |
| Taxes450/3 | €42,442 | €64,373 | €48,675 | €13,958 | €33,795 | ▲ 142% |
| Remuneration and social security454/9 | €16,599 | €13,691 | €18,876 | €16,255 | €22,410 | ▲ 37.9% |
| Accrued charges and deferred income492/3 | €305,058 | €323,306 | €307,138 | €364,218 | €428,084 | ▲ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,772 | €61,559 | €54,957 | €69,018 | €109,611 | ▲ 58.8% |
| + Depreciation and write-downs630 | €4,429 | €11,270 | €18,355 | €18,664 | €20,134 | ▲ 7.9% |
| Operating cash flow (approximation) | €91,201 | €72,830 | €73,312 | €87,682 | €129,745 | ▲ 48.0% |
| Investment in fixed assets (approximation) | - | -€122,602 | -€15,925 | -€19,916 | -€4,304 | ▲ 78.4% |
| Change in cash | - | €27,710 | -€3,278 | -€118,971 | €270,271 | ▲ 327% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2021net €109,611 ▲58.8%
Operating result €143,905, net result €109,611, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 12.69
Current ratio from 5.95 to 12.69; short-term debt falls from €93,991 to €49,512.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €54,957 ▼10.7%
Net result drops to €54,957, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €228,289 ▲31.7%
3 profitable years in a row build equity to €228,289.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €150,000Eq €173,331 ▲55.1%
2 profitable years in a row build equity to €173,331.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full 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, Sankt Vith · 1 establishment unit since 2021
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.
Klosterstrasse 94780 Sankt Vith1 establishment unit
PHYSIOVITH
since 20212.312.756.251
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Of 12,696 companies in sector 86951 we hold annual accounts for 2,146. 1,208 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
Founded13-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
68203Renting and operating of own or leased non-residential real estate, excluding land
85510Sports and recreation education
85599Other education
86995Nutrition and dietetics services
93130Fitness centres
Contact
Website
www.physiovith.be
E-mail
info@physiovith.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761566695
Also
9925:BE0761566695
Registered
31-10-2025
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.