PHYTO-TECHNICS
Open bankruptcyA bankruptcy procedure is open for PHYTO-TECHNICS according to publications in the Belgian State Gazette; curator: Dirk DE MAESENEER.
Summary
The 2024 annual accounts show negative equity (€-10.30M) and a net result of €-10.33M.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-10.30M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
30 d late
2022
31 d late
2021
53 d early
2020
53 d early
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-10.30M
2023 · €30k
2018: €71k
2019: €-411k▼ -676% vs 2018
2020: €-999k▼ -143% vs 2019
2021: €1.36M▲ +237% vs 2020highest in 7 years
2022: €672k▼ -50.8% vs 2021
2023: €30k▼ -95.5% vs 2022
2024: €-10.30M▼ -34012% vs 2023lowest in 7 years
2018 → 2024
Total assets
€762k▼ 91.0%
2023 · €8.45M
2018: €3.61M
2019: €3.60M▼ -0.3% vs 2018
2020: €3.54M▼ -1.7% vs 2019
2021: €7.91M▲ +123% vs 2020
2022: €8.12M▲ +2.7% vs 2021
2023: €8.45M▲ +4.1% vs 2022highest in 7 years
2024: €762k▼ -91.0% vs 2023lowest in 7 years
2018 → 2024
Net result
€-10.33M▼ 1,510%
2023 · €-642k
2018: €-735k
2019: €-482k▲ +34.4% vs 2018highest in 7 years
2020: €-588k▼ -22.0% vs 2019
2021: €-637k▼ -8.2% vs 2020
2022: €-692k▼ -8.8% vs 2021
2023: €-642k▲ +7.3% vs 2022
2024: €-10.33M▼ -1510% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-70k
2023 · €3.86M
2018: €-171k
2019: €-638k▼ -273% vs 2018lowest in 7 years
2020: €2.80M▲ +539% vs 2019
2021: €3.63M▲ +29.7% vs 2020
2022: €3.82M▲ +5.3% vs 2021
2023: €3.86M▲ +1.0% vs 2022highest in 7 years
2024: €-70k▼ -102% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-999k-€1.36M€672k▼ 50.8%€30k▼ 95.5%€-10.30M
2020: €-999k
2021: €1.36M▲ +237% vs 2020highest in 5 years
2022: €672k▼ -50.8% vs 2021
2023: €30k▼ -95.5% vs 2022
2024: €-10.30M▼ -34012% vs 2023lowest in 5 years
Operating result€-409k-€-534k▼ 30.4%€-608k▼ 13.9%€-519k▲ 14.7%€-10.32M▼ 1,891%
2020: €-409khighest in 5 years
2021: €-534k▼ -30.4% vs 2020
2022: €-608k▼ -13.9% vs 2021
2023: €-519k▲ +14.7% vs 2022
2024: €-10.32M▼ -1891% vs 2023lowest in 5 years
Net result€-588k-€-637k▼ 8.2%€-692k▼ 8.8%€-642k▲ 7.3%€-10.33M▼ 1,510%
2020: €-588khighest in 5 years
2021: €-637k▼ -8.2% vs 2020
2022: €-692k▼ -8.8% vs 2021
2023: €-642k▲ +7.3% vs 2022
2024: €-10.33M▼ -1510% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10.32M in 2024 against €519k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €762k
Fixed assets
€466k ▼ 88.6%
Current assets
€296k ▼ 93.2%
Key figures and ratios
EBITDA
€-5.45M▼
2023 · €-484k
Cash flow
€-5.45M▼
2023 · €-607k
Current ratio
0.81▼
2023 · 8.81
Debt to equity
-1.03
Interest coverage
-1909.87▼
2023 · -3.93
Debt
€10.60M▲
2023 · €8.42M
Debt ≤ 1 year
€366k▼
2023 · €494k
Debt > 1 year
€9.84M▲
2023 · €7.88M
Staff costs
€391k▲
2023 · €254k
A ratio outside any meaningful range has been withheld (balance sheet total €762k, equity €-10.30M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€8.45M€762k▼
Fixed assets21/28€4.10M€466k▼
Intangible fixed assets21€20k€0▼
Tangible fixed assets22/27€3.99M€372k▼
Land and buildings22€0-
Plant, machinery and equipment23€3.95M€350k▼
Furniture and vehicles24€26k€22k▼
Other tangible fixed assets26€18k€0▼
Financial fixed assets28€94k€94k=
Current assets29/58€4.35M€296k▼
Stocks and contracts in progress3€3.96M€0▼
Stocks30/36€3.96M€0▼
Amounts receivable within one year40/41€23k€78k▲
Trade receivables40€0-
Other amounts receivable41€23k€78k▲
Cash at bank and in hand54/58€356k€188k▼
Deferred charges and accrued income490/1€7k€30k▲
Equity and liabilities
Total equity and liabilities10/49€8.45M€762k▼
Equity10/15€30k€-10.30M▼
Contributions10/11€3.80M€3.80M=
Reserves13€300€0▼
Distributable reserves133€300€0▼
Profit (loss) carried forward14€-3.77M€-14.10M▼
Provisions and deferred taxes16-€461k
Provisions for liabilities and charges160/5-€461k
Other liabilities and charges164/5-€461k
Amounts payable17/49€8.42M€10.60M▲
Amounts payable after more than one year17€7.88M€9.84M▲
Financial debts170/4€2.50M€2.44M▼
Other amounts payable178/9€5.38M€7.40M▲
Amounts payable within one year42/48€494k€366k▼
Current portion of amounts payable after more than one year42-€56k
Trade debts44€198k€272k▲
Suppliers440/4€198k€272k▲
Taxes, remuneration and social security45€19k€37k▲
Taxes450/3€5k€285▼
Remuneration and social security454/9€15k€37k▲
Other amounts payable47/48€276k€0▼
Accrued charges and deferred income492/3€47k€389k▲
Income statement
Code20232024
Non-recurring operating income76A€16k€0▼
Remuneration, social security and pensions62€254k€391k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€4.88M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3.72M
Other operating charges640/8€26k€25k▼
Non-recurring operating charges66A-€461k
Gross operating margin9900€-204k€-849k▼
Operating profit (loss)9901€-519k€-10.32M▼
Financial income75/76B€170€234▲
Recurring financial income75€170€234▲
Financial charges65/66B€123k€3k▼
Recurring financial charges65€123k€3k▼
Profit (loss) for the period before taxes9903€-642k€-10.33M▼
Profit (loss) for the period9904€-642k€-10.33M▼
Profit (loss) for the period to be appropriated9905€-642k€-10.33M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3.77M€-14.10M▼
Profit (loss) brought forward from the previous period14P€-3.13M€-3.77M▼
Transfer from equity791/2-€300
Social balance
Average headcount (FTE)9087-7.8
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €16k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €67k | €176k | €254k | €391k | ▲ 53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | €20k | €30k | €35k | €4.88M | ▲ 13,877% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3.72M | - |
| Other operating charges640/8 | - | €23k | €34k | €26k | €25k | ▼ 2.9% |
| Non-recurring operating charges66A | - | - | - | - | €461k | - |
| Gross operating margin9900 | €-304k | €-424k | €-368k | €-204k | €-849k | ▼ 317% |
| Operating profit (loss)9901 | €-409k | €-534k | €-608k | €-519k | €-10.32M | ▼ 1,891% |
| Financial income75/76B | - | €0 | €10 | €170 | €234 | ▲ 37.2% |
| Recurring financial income75 | €15 | €0 | €10 | €170 | €234 | ▲ 37.2% |
| Financial charges65/66B | - | €103k | €85k | €123k | €3k | ▼ 97.7% |
| Recurring financial charges65 | €179k | €103k | €85k | €123k | €3k | ▼ 97.7% |
| Profit (loss) for the period before taxes9903 | €-588k | €-636k | €-692k | €-642k | €-10.33M | ▼ 1,510% |
| Income taxes67/77 | €108 | €67 | €0 | - | - | - |
| Profit (loss) for the period9904 | €-588k | €-637k | €-692k | €-642k | €-10.33M | ▼ 1,510% |
| Profit (loss) for the period to be appropriated9905 | €-588k | €-637k | €-692k | €-642k | €-10.33M | ▼ 1,510% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.54M | €7.91M | €8.12M | €8.45M | €762k | ▼ 91.0% |
| Fixed assets21/28 | €229k | €3.55M | €3.81M | €4.10M | €466k | ▼ 88.6% |
| Intangible fixed assets21 | - | €3k | €16k | €20k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €229k | €3.54M | €3.79M | €3.99M | €372k | ▼ 90.7% |
| Land and buildings22 | - | €6k | €7k | €0 | - | - |
| Plant, machinery and equipment23 | - | €3.52M | €3.76M | €3.95M | €350k | ▼ 91.1% |
| Furniture and vehicles24 | - | €22k | €16k | €26k | €22k | ▼ 16.5% |
| Other tangible fixed assets26 | - | - | €10k | €18k | €0 | ▼ 100% |
| Financial fixed assets28 | €350 | €350 | €350 | €94k | €94k | = |
| Current assets29/58 | €3.31M | €4.36M | €4.31M | €4.35M | €296k | ▼ 93.2% |
| Stocks and contracts in progress3 | €3.23M | €3.23M | €3.51M | €3.96M | €0 | ▼ 100% |
| Stocks30/36 | - | €3.23M | €3.51M | €3.96M | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €3k | €515k | €195k | €23k | €78k | ▲ 236% |
| Trade receivables40 | - | €490k | €185k | €0 | - | - |
| Other amounts receivable41 | - | €25k | €11k | €23k | €78k | ▲ 236% |
| Cash at bank and in hand54/58 | €61k | €589k | €584k | €356k | €188k | ▼ 47.3% |
| Deferred charges and accrued income490/1 | - | €30k | €20k | €7k | €30k | ▲ 355% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.54M | €7.91M | €8.12M | €8.45M | €762k | ▼ 91.0% |
| Equity10/15 | €-999k | €1.36M | €672k | €30k | €-10.30M | ▼ 34,012% |
| Contributions10/11 | - | €3.80M | €3.80M | €3.80M | €3.80M | = |
| Reserves13 | €300 | €300 | €300 | €300 | €0 | ▼ 100% |
| Distributable reserves133 | - | €300 | €300 | €300 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €-1.80M | €-2.44M | €-3.13M | €-3.77M | €-14.10M | ▼ 274% |
| Provisions and deferred taxes16 | - | - | - | - | €461k | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €461k | - |
| Other liabilities and charges164/5 | - | - | - | - | €461k | - |
| Amounts payable17/49 | €4.54M | €6.54M | €7.45M | €8.42M | €10.60M | ▲ 25.8% |
| Amounts payable after more than one year17 | €4.02M | €5.80M | €6.96M | €7.88M | €9.84M | ▲ 24.9% |
| Financial debts170/4 | - | €1.80M | €2.50M | €2.50M | €2.44M | ▼ 2.2% |
| Other amounts payable178/9 | - | €4.00M | €4.46M | €5.38M | €7.40M | ▲ 37.4% |
| Amounts payable within one year42/48 | €515k | €733k | €494k | €494k | €366k | ▼ 26.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €56k | - |
| Trade debts44 | €3k | €518k | €225k | €198k | €272k | ▲ 37.2% |
| Suppliers440/4 | - | €518k | €225k | €198k | €272k | ▲ 37.2% |
| Taxes, remuneration and social security45 | - | €174 | €14k | €19k | €37k | ▲ 94.2% |
| Taxes450/3 | - | €174 | €67 | €5k | €285 | ▼ 93.9% |
| Remuneration and social security454/9 | - | - | €14k | €15k | €37k | ▲ 154% |
| Other amounts payable47/48 | - | €214k | €255k | €276k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €12k | €0 | €47k | €389k | ▲ 735% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-588k | €-637k | €-692k | €-642k | €-10.33M | ▼ 1,510% |
| + Depreciation and write-downs630 | €35k | €20k | €30k | €35k | €4.88M | ▲ 13,877% |
| Operating cash flow (approximation) | €-554k | €-616k | €-663k | €-607k | €-5.45M | ▼ 799% |
| Investment in fixed assets (approximation) | - | €-3.34M | €-291k | €-331k | €-1.24M | ▼ 274% |
| Change in cash | - | €529k | €-5k | €-228k | €-168k | ▲ 26.3% |
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
2026
26-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 20-01-2026
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-10.33M
Net result drops to €-10.33M, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.36M
Equity rises from €-999k to €1.36M.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 8current ratio 6.43
Current ratio from 0.84 to 6.43; short-term debt falls from €3.98M to €515k.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Halle · 2 establishment units since 2015
Ground area
1.3 ha
Building footprint
2,949 m²
Volume, LiDAR
1,134 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
PHYTO-TECHNICS
since 20152.244.937.613
PHYTO-TECHNICS
since 20182.272.252.021
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027E0102/00B002 | Flanders | 1.2 ha | 1 · 2,722 m² | - |
| 43502D0031/00D000 | Flanders | 1,301 m² | 1 · 227 m² | 8.9 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Dirk DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
20-01-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 1,560 EUR awarded · 801 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 759 EUR | 0 EUR |
| 2022 | 1 | 801 EUR | 801 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,418 companies in sector 46180 we hold annual accounts for 1,885. 1,269 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
Founded27-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
01301Crop and animal production, hunting and related service activities
46180Agents specialised in the wholesale of other particular products
01250Crop and animal production, hunting and related service activities
38110Waste collection, recovery and disposal activities
46220Wholesale trade
81300Landscape service activities
Contact
E-mail
ignace@phytotechnics.be
Scores and ratios are computed by Checked and are not a credit decision.