PHYTO-TECHNICS
Open bankruptcyFinancials · financial year 2024, abbreviated format
Annual accounts 2024 filed on 14-07-2025 PDF all 8 filings
Equity
-€10.3m
2023 · €30,364
Total assets
€761,845▼ 91.0%
2023 · €8.5m
Net result
-€10.3m▼ 1,510%
2023 · -€641,548
Working capital
-€69,942
2023 · €3.9m
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
-€10.3m
▼ 1,891%
2024
20182024
Net result
-€10.3m
▼ 1,510%
2024
lowest quarter of the sector
20182024
Equity
-€10.3m
2024
lowest quarter of the sector
20182024
Total assets
€761,845
▼ 91.0%
2024
middle half of the sector
20182024
Debt
€10.6m
▲ 25.8%
2024
20182024
Working capital
-€69,942
2024
lowest quarter of the sector
20182024
Solvency
no figure
2024
20182024
Current ratio
0.81
▼ 8.00
2024
lowest quarter of the sector
20182024
Return on assets (ROA)
no figure
2024
20182024
Staff (FTE)
7.8
▲ 23.8%
2024
highest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€0.7m--€0.5m▲ 34.4%-€0.4m▲ 14.7%-€0.5m▼ 30.4%-€0.6m▼ 13.9%-€0.5m▲ 14.7%-€10.3m▼ 1,891%
Net result-€0.7m--€0.5m▲ 34.4%-€0.6mbelow the sector's middle half▼ 22.0%-€0.6mbelow the sector's middle half▼ 8.2%-€0.7mbelow the sector's middle half▼ 8.8%-€0.6mbelow the sector's middle half▲ 7.3%-€10.3mbelow the sector's middle half▼ 1,510%
Equity€0.07m--€0.4m-€1.0mbelow the sector's middle half▼ 143%€1.4mabove the sector's middle half€0.7mwithin the sector's middle half▼ 50.8%€0.03mwithin the sector's middle half▼ 95.5%-€10.3mbelow the sector's middle half
Total assets€3.6m-€3.6m▼ 0.3%€3.5mabove the sector's middle half▼ 1.7%€7.9mabove the sector's middle half▲ 123%€8.1mabove the sector's middle half▲ 2.7%€8.5mabove the sector's middle half▲ 4.1%€0.8mwithin the sector's middle half▼ 91.0%
Debt€3.5m-€4.0m▲ 13.3%€4.5m▲ 13.1%€6.5m▲ 44.2%€7.5m▲ 13.8%€8.4m▲ 13.1%€10.6m▲ 25.8%
Working capital-€0.2m--€0.6m▼ 273%€2.8mabove the sector's middle half€3.6mabove the sector's middle half▲ 29.7%€3.8mabove the sector's middle half▲ 5.3%€3.9mabove the sector's middle half▲ 1.0%-€0.07mbelow the sector's middle half
Solvency2.0%--11.4%▼ 13.4pp-28.2%below the sector's middle half▼ 16.8pp17.3%below the sector's middle half▲ 45.5pp8.3%below the sector's middle half▼ 9.0pp0.4%below the sector's middle half▼ 7.9pp
Current ratio0.95-0.84▼ 0.116.43above the sector's middle half▲ 5.595.95above the sector's middle half▼ 0.488.73above the sector's middle half▲ 2.788.81above the sector's middle half▲ 0.080.81below the sector's middle half▼ 8.00
Return on assets (ROA)-20.3%--13.4%▲ 7.0pp-16.6%below the sector's middle half▼ 3.2pp-8.0%below the sector's middle half▲ 8.6pp-8.5%below the sector's middle half▼ 0.5pp-7.6%below the sector's middle half▲ 0.9pp
Staff (FTE)1.8-1.8=2within the sector's middle half▲ 11.1%2.1within the sector's middle half▲ 5.0%6.2within the sector's middle half▲ 195%6.3▲ 1.6%7.8above the sector's middle half▲ 23.8%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a loss of €10.3m, larger than the loss of €518,512 in 2023. It is the lowest result since 2020.
Large changes and their cause
- 2024 Net result -1,510% on 2023. The accounts now follow the abbreviated format, last year the micro format.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €761,845
Fixed assets
€466,095 ▼ 88.6%
Current assets
€295,750 ▼ 93.2%
Equity and liabilities
Equity-€10.3m
Debt€10.6m
Equity is negative. Debt (€10.6m) exceeds the balance-sheet total (€761,845).
Key figures and ratios
EBITDA
-€5.4m▼
2023 · -€483,629
Cash flow
-€5.5m▼
2023 · -€606,666
Interest coverage
-1909.87▼
2023 · -3.93
Debt ≤ 1 year
€365,692▼
2023 · €493,952
Debt > 1 year
€9.8m▲
2023 · €7.9m
Staff costs
€390,729▲
2023 · €254,364
A ratio outside any meaningful range has been withheld (balance sheet total €761,845, equity -€10.3m).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 6 | 6 | 8 |
| full-time | 2 | 6 | 6 | 8 |
| part-time | - | 0 | 0 | 0 |
| in full-time equivalents | 2 | 6 | 6 | 8 |
| Average over the year, in full-time equivalents | 2.1 | 6.2 | 6.3 | 7.8 |
| On a permanent contract | 2 | 6 | 6 | 8 |
| Joined | 1 | 5 | 2 | 12 |
| Left | 1 | 1 | 2 | 10 |
| Training hours | - | 96 | - | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €2.5m |
| Pledge on the business | - | - | €2.5m | €2.5m |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €3.4m | €288,031 | €239,316 | €1.2m |
| Intangible fixed assets | €3,648 | €13,143 | €5,593 | - |
| Financial fixed assets | - | - | €93,909 | - |
| Depreciation and write-downs of the year | €20,251 | €29,865 | €34,883 | €4.9m |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 2 entries · €1,560 awarded · €801 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €759 | €0 |
| 2022 | 1 | €801 | €801 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.02m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €0.07m | €0.2m | €0.3m | €0.4m | ▲ 53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.03m | €0.03m | €0.02m | €0.03m | €0.03m | €4.9m | ▲ 140× |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €3.7m | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.03m | €0.03m | €0.02m | ▼ 2.9% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.5m | - |
| Gross operating margin9900 | -€0.6m | -€0.4m | -€0.3m | -€0.4m | -€0.4m | -€0.2m | -€0.8m | ▼ 317% |
| Operating profit (loss)9901 | -€0.7m | -€0.5m | -€0.4m | -€0.5m | -€0.6m | -€0.5m | -€10.3m | ▼ 1,891% |
| Financial income75/76B | - | - | - | €0 | €10 | €170 | €234 | ▲ 37.2% |
| Recurring financial income75 | €15 | €228 | €15 | €0 | €10 | €170 | €234 | ▲ 37.2% |
| Financial charges65/66B | - | - | - | €0.1m | €0.08m | €0.1m | €0.003m | ▼ 97.7% |
| Recurring financial charges65 | €0.003m | €0.002m | €0.2m | €0.1m | €0.08m | €0.1m | €0.003m | ▼ 97.7% |
| Profit (loss) for the period before taxes9903 | -€0.7m | -€0.5m | -€0.6m | -€0.6m | -€0.7m | -€0.6m | -€10.3m | ▼ 1,510% |
| Income taxes67/77 | - | €141 | €108 | €67 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€0.7m | -€0.5m | -€0.6m | -€0.6m | -€0.7m | -€0.6m | -€10.3m | ▼ 1,510% |
| Profit (loss) for the period to be appropriated9905 | -€0.7m | -€0.5m | -€0.6m | -€0.6m | -€0.7m | -€0.6m | -€10.3m | ▼ 1,510% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.6m | €3.6m | €3.5m | €7.9m | €8.1m | €8.5m | €0.8m | ▼ 91.0% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.2m | €3.5m | €3.8m | €4.1m | €0.5m | ▼ 88.6% |
| Intangible fixed assets21 | - | - | - | €0.003m | €0.02m | €0.02m | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.2m | €3.5m | €3.8m | €4.0m | €0.4m | ▼ 90.7% |
| Land and buildings22 | - | - | - | €0.006m | €0.007m | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €3.5m | €3.8m | €3.9m | €0.3m | ▼ 91.1% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 16.5% |
| Other tangible fixed assets26 | - | - | - | - | €0.01m | €0.02m | €0 | ▼ 100% |
| Financial fixed assets28 | €350 | €350 | €350 | €350 | €350 | €0.09m | €0.09m | = |
| Current assets29/58 | €3.3m | €3.3m | €3.3m | €4.4m | €4.3m | €4.4m | €0.3m | ▼ 93.2% |
| Stocks and contracts in progress3 | €3.2m | €3.2m | €3.2m | €3.2m | €3.5m | €4.0m | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €3.2m | €3.5m | €4.0m | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €0.01m | €0.004m | €0.003m | €0.5m | €0.2m | €0.02m | €0.08m | ▲ 236% |
| Trade receivables40 | - | - | - | €0.5m | €0.2m | €0 | - | - |
| Other amounts receivable41 | - | - | - | €0.02m | €0.01m | €0.02m | €0.08m | ▲ 236% |
| Cash at bank and in hand54/58 | €0.06m | €0.07m | €0.06m | €0.6m | €0.6m | €0.4m | €0.2m | ▼ 47.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.02m | €0.007m | €0.03m | ▲ 355% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.6m | €3.6m | €3.5m | €7.9m | €8.1m | €8.5m | €0.8m | ▼ 91.0% |
| Equity10/15 | €0.07m | -€0.4m | -€1.0m | €1.4m | €0.7m | €0.03m | -€10.3m | - |
| Contributions10/11 | €0.8m | €0.8m | - | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Reserves13 | €300 | €300 | €300 | €300 | €300 | €300 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €300 | €300 | €300 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€0.7m | -€1.2m | -€1.8m | -€2.4m | -€3.1m | -€3.8m | -€14.1m | ▼ 274% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €0.5m | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | €0.5m | - |
| Other liabilities and charges164/5 | - | - | - | - | - | - | €0.5m | - |
| Amounts payable17/49 | €3.5m | €4.0m | €4.5m | €6.5m | €7.5m | €8.4m | €10.6m | ▲ 25.8% |
| Amounts payable after more than one year17 | €0.06m | €0.04m | €4.0m | €5.8m | €7.0m | €7.9m | €9.8m | ▲ 24.9% |
| Financial debts170/4 | - | - | - | €1.8m | €2.5m | €2.5m | €2.4m | ▼ 2.2% |
| Other amounts payable178/9 | - | - | - | €4.0m | €4.5m | €5.4m | €7.4m | ▲ 37.4% |
| Amounts payable within one year42/48 | €3.5m | €4.0m | €0.5m | €0.7m | €0.5m | €0.5m | €0.4m | ▼ 26.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €0.06m | - |
| Trade debts44 | €0.007m | €0.02m | €0.003m | €0.5m | €0.2m | €0.2m | €0.3m | ▲ 37.2% |
| Suppliers440/4 | - | - | - | €0.5m | €0.2m | €0.2m | €0.3m | ▲ 37.2% |
| Taxes, remuneration and social security45 | - | - | - | €174 | €0.01m | €0.02m | €0.04m | ▲ 94.2% |
| Taxes450/3 | - | - | - | €174 | €67 | €0.005m | €285 | ▼ 93.9% |
| Remuneration and social security454/9 | - | - | - | - | €0.01m | €0.01m | €0.04m | ▲ 154% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.3m | €0.3m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0 | €0.05m | €0.4m | ▲ 735% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.7m | -€0.5m | -€0.6m | -€0.6m | -€0.7m | -€0.6m | -€10.3m | ▼ 1,510% |
| + Depreciation and write-downs630 | €0.05m | €0.03m | €0.03m | €0.02m | €0.03m | €0.03m | €4.9m | ▲ 140× |
| Operating cash flow (approximation) | -€0.7m | -€0.4m | -€0.6m | -€0.6m | -€0.7m | -€0.6m | -€5.5m | ▼ 799% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3.3m | -€0.3m | -€0.3m | -€1.2m | ▼ 274% |
| Change in cash | - | €0.01m | -€0.01m | €0.5m | -€0.005m | -€0.2m | -€0.2m | ▲ 26.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 14-07-2025 | 2025-00272647 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00414424 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00398277 | |
| 31-12-2021 | abbreviated format | 08-06-2022 | 2022-20050620 | |
| 31-12-2020 | abbreviated format | 08-06-2021 | 2021-19000349 | |
| 31-12-2019 | abbreviated format | 29-09-2020 | 2020-56500507 | |
| 31-12-2018 | abbreviated format | 13-08-2019 | 2019-45900441 | |
| 30-06-2017 | abbreviated format | 03-01-2018 | 2018-00200254 |