PHYTOSYSTEM
The computed 12-month bankruptcy probability of PHYTOSYSTEM is 0.4% (very low). The 2024 annual accounts show equity of €1.10M and a net result of €263k. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 1383 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €1.10M |
| Net result | €263k |
| Staff (FTE) | 1.1 |
| Better than sector | 39% |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 31.9% | 43.4% | |
| Net result | €263k | €42k | |
| Equity | €1.10M | €163k | |
| Gross operating margin | €544k | €72k | |
| Staff costs | €81k | €107k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €450k |
| Net profit | €263k |
| Cash flow | €309k |
| Staff costs | €81k |
| Income taxes | €93k |
| Dividends | - |
| Total assets | €3.46M |
| Equity | €1.10M |
| Debt | €2.36M |
| of which ≤ 1y | €2.34M |
| of which > 1y | - |
| Working capital | €983k |
| Employees (FTE) | 1.1 |
| 2024 | |
|---|---|
| Current ratio | 1.42 |
| Quick ratio | 0.68 |
| Working capital ratio | 28.4% |
| Solvency | 31.9% |
| Debt / equity | 2.13 |
| Long-term debt ratio | - |
| Interest coverage | 5.52 |
| Gross margin | - |
| Net margin | - |
| ROA | 7.6% |
| ROE | 23.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €3.46M |
| Fixed assets | 21/28 | €137k |
| Intangible fixed assets | 21 | €62k |
| Tangible fixed assets | 22/27 | €68k |
| Financial fixed assets | 28 | €8k |
| Current assets | 29/58 | €3.32M |
| Stocks & contracts in progress | 3 | €1.74M |
| Amounts receivable within one year | 40/41 | €1.52M |
| Cash & bank | 54/58 | €43k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.46M |
| Equity | 10/15 | €1.10M |
| Contributions / capital | 10/11 | €250k |
| Reserves | 13 | €853k |
| Amounts payable | 17/49 | €2.36M |
| Amounts payable within one year | 42/48 | €2.34M |
| Trade debts payable within one year | 44 | €1.81M |
| Income statement | ||
| Gross operating margin | 9900 | €544k |
| Operating result | 9901 | €404k |
| Financial income | 75 | €34k |
| Financial charges | 65 | €81k |
| Result before taxes | 9903 | €356k |
| Income taxes | 67/77 | €93k |
| Net result for the period | 9904 | €263k |
| Result to be appropriated | 9905 | €263k |
| NACE primary | Head offices & management consulting(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 29-09-2021 |
| Status | Active |
| Postal code | 8501 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0128/00C000 | Flanders | 159 m² | 1 · 128 m² | 12.6 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
18-06-2025 6 directors appointed
- Dirk FROIDMONT, Bestuurder
- Emanuel DE MEULENEIRE, Bestuurder
- Paul VANVINCKENROYE, Bestuurder
- Edwin MAHIEU, Bestuurder
- Steve VANDENBERGHE, Bestuurder
- Steve VANDENBERGHE, Voorzitter
Technical details
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}02-04-2025 1 director appointed, 1 resigning
- Dirk Froidmont, Lid van het college van bestuurders
- Joren CAPPELLE, Lid van het college van bestuurders
Technical details
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}02-04-2025 Registered office moved from Kortrijk to Heule
- Kortrijk Business Park, Beneluxpark 26, 8500 Кortrijk → Heuleplaats 5, 8501 Heule
Technical details
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"Bijlagen bij het Belgisch Staatsblad",
"Annexes du Moniteur belge"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | PHYTOSYSTEM |