project by PHYL
Activeproject by PHYL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €623k and a net result of €117k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 45% of 2008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+8
Solvency68▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.67 in 2024; short-term debt: 44.6% and cash: 1% of total assets), and 57.4% 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
42.6%
Return on assets
8%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
28 d late
2023
50 d late
2022
31 d early
2021
23 d early
2020
31 d late
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€117k▲ 348%
2024 · €26k
2018: €25k
2019: €37k
2020: €45k
2021: €197k
2022: €88k
2023: €14k
2024: €26k
2018 → 2025
Working capital
€-396k▼ 66.1%
2024 · €-239k
2018: €-32k
2019: €-70k
2020: €-74k
2021: €101k
2022: €-10k
2023: €-46k
2024: €-239k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€730k-€751k▲ 2.8%€765k▲ 1.9%€594k▼ 22.3%€623k▲ 4.9%
Operating result€303k-€148k▼ 51.1%€129k▼ 13.3%€82k▼ 36.2%€193k▲ 135%
Net result€197k-€88k▼ 55.5%€14k▼ 83.9%€26k▲ 84.4%€117k▲ 348%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 135% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.46M
Fixed assets
€1.21M▲ 12.1%
Current assets
€256k▼ 46.8%
Equity and liabilities €1.46M
Equity
€623k▲ 4.9%
Debt
€840k▼ 12.8%
The debt ratio falls from 61.9% to 57.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€265k▲
2024 · €166k
Cash flow
€189k▲
2024 · €110k
Solvency
42.6%▲
2024 · 38.1%
Current ratio
0.39▼
2024 · 0.67
Quick ratio
0.39▼
2024 · 0.67
Debt / equity
1.35▼
2024 · 1.62
ROE
18.7%▲
2024 · 4.4%
ROA
8.0%▲
2024 · 1.7%
Interest coverage
10.00▲
2024 · 7.26
Debt
€840k▼
2024 · €964k
Debt ≤ 1 year
€653k▼
2024 · €720k
Debt > 1 year
€184k▼
2024 · €241k
Income taxes
€71k▲
2024 · €38k
Staff costs
€124k▼
2024 · €137k
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€1.56M€1.46M▼
Fixed assets21/28€1.08M€1.21M▲
Tangible fixed assets22/27€1.08M€1.21M▲
Land and buildings22€1.04M€1.18M▲
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€35k€19k▼
Current assets29/58€481k€256k▼
Amounts receivable after more than one year29€147k€147k=
Other amounts receivable291€147k€147k=
Amounts receivable within one year40/41€133k€45k▼
Trade receivables40€17k€15k▼
Other amounts receivable41€116k€30k▼
Current investments50/53€118k€33k▼
Cash at bank and in hand54/58€66k€15k▼
Deferred charges and accrued income490/1€16k€16k▼
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.46M▼
Equity10/15€594k€623k▲
Contributions10/11€44k€44k=
Revaluation surpluses12€400k€400k=
Reserves13€129k€159k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€128k€157k▲
Profit (loss) carried forward14€21k€21k▲
Amounts payable17/49€964k€840k▼
Amounts payable after more than one year17€241k€184k▼
Financial debts170/4€241k€184k▼
Amounts payable within one year42/48€720k€653k▼
Current portion of amounts payable after more than one year42€180k€113k▼
Financial debts43€75k€300k▲
Credit institutions430/8€75k€300k▲
Trade debts44€31k€40k▲
Suppliers440/4€31k€40k▲
Advances received on contracts in progress46€203k€37k▼
Taxes, remuneration and social security45€34k€74k▲
Taxes450/3€8k€53k▲
Remuneration and social security454/9€26k€21k▼
Other amounts payable47/48€197k€88k▼
Accrued charges and deferred income492/3€4k€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€137k€124k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€72k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€32k
Other operating charges640/8€6k€7k▲
Gross operating margin9900€310k€428k▲
Operating profit (loss)9901€82k€193k▲
Financial income75/76B€5k€21k▲
Recurring financial income75€5k€21k▲
Financial charges65/66B€23k€26k▲
Recurring financial charges65€23k€26k▲
Profit (loss) for the period before taxes9903€64k€188k▲
Income taxes67/77€38k€71k▲
Profit (loss) for the period9904€26k€117k▲
Profit (loss) for the period to be appropriated9905€26k€117k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€138k▲
Profit (loss) brought forward from the previous period14P€21k€21k▲
Transfer from equity791/2€197k€88k▼
Transfer to equity691/2€26k€117k▲
To the legal reserve6920€26k€117k▲
Profit to be distributed694/7€197k€88k▼
Return on contributions (dividend)694€197k€88k▼
Social balance
Average headcount (FTE)90873.23.1▼
The notes to these accounts (9 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
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 50 days late
2023
31-12
Financial
Weakest financial yearnet €14k ▼83.9%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €197k ▲339%
Operating result €303k, net result €197k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €501k ▲6.2%
2 profitable years in a row build equity to €501k.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 119 days late
2017
06-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lontzen · 1 establishment unit since 2003
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.
Rue du Sablon 32A4711 LontzenGround area
1,025 m²
Building footprint
140 m²
Volume, LiDAR
694 m³
Parcel 63081C0026/00E000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
project by PHYL
since 20032.133.215.981
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63081C0026/00E000 | Wallonia | 1,025 m² | 1 · 139 m² | 7.3 m · 2 fl. |
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.
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Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 626 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-2003
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
71112Activities of interior architects
46150Agents in the wholesale of furniture, household goods and hardware
46190Agents in non-specialised wholesale trade
47551Retail sale of household furniture
47552Retail sale of lighting equipment
47591Retail trade
47592Retail trade
51150
52441
52442
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:087 55 55 13
Fax:087 55 55 14