Skip to content
Checked.be
Complete company report
Generated 10-08-2026
Active BE 0439.710.205Private limited company

PHADO

Oostdijk 11 ·1880 Kapelle-op-den-Bos, Belgium· 36 yrs active
Sector: NACE 82990 (82990)
Conclusion Checked

The computed 12-month bankruptcy probability of PHADO is 0.2% (very low). The 2024 annual accounts show equity of €350k and a net result of €41k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 68% of 3174 sector peers (fiscal year 2024). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €350k
Net result €41k
Better than sector 68%
Active 36 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health71Profitability59Solvency67Growth52Stability100
70 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 71
Profitability 59
Solvency 67
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.2% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Lower-failure-rate sector −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1989, 36 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
71 / 100 Healthy
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 27-06-2025 with the NBB · fiscal year 2024 · micro
€0€100k€200kOperating result 2020: €60k€60kNet result 2020: €203k€203kOperating result 2021: €37k€37kNet result 2021: €5k€5kOperating result 2022: €67k€67kNet result 2022: €57k€57kOperating result 2023: €42k€42kNet result 2023: €18k€18kOperating result 2024: €58k€58kNet result 2024: €41k€41k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~12.1%/year over 7 fiscal years, indicative, assuming unchanged policy.
€100k€200k€300k€400k€500k2025: €392k (€364k - €420k)2026: €439k (€411k - €467k)2027: €492k (€464k - €520k)2018: €178k2019: €196k2020: €230k2021: €234k2022: €291k2023: €309k2024: €350k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

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).

Sector comparison
Fiscal year 2024 · NACE 82 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 69.4% 53.8%
better than 68% of 3174 sector peers
Net result €41k €18k
better than 72% of 3173 sector peers
Equity €350k €40k
better than 95% of 3176 sector peers
Gross operating margin €89k €36k
better than 79% of 3173 sector peers
Total assets €504k €93k
better than 91% of 3179 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€87k
+23.4% far above sector median
Net profit
€41k
+131.7% far above sector median
Cash flow
€70k
+53.3% far above sector median
Total assets
€504k
-6.2% +257% vs sector
Equity
€350k
+13.3% +294% vs sector
Working capital
€-74k
-5.6% far below sector median
Income taxes
€8k
-54.3% far above sector median
Debt
€154k
-32.5% +95% vs sector
Debt ≤ 1y
€74k
-4.8% +38% vs sector
Debt > 1y
€80k
-46.8% +217% vs sector
Current ratio
0.00
-98.0% -100% vs sector
Quick ratio
0.00
-98.0% -100% vs sector
Solvency
69.4%
+20.8% +58% vs sector
Debt / equity
0.44
-40.4% -35% vs sector
ROE
11.7%
+104.5% far above sector median
ROA
8.1%
+147.0% far above sector median
Interest coverage
10.23
-6.7% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€87k
Net profit€41k
Cash flow€70k
Staff costs-
Income taxes€8k
Dividends-
Total assets€504k
Equity€350k
Debt€154k
of which ≤ 1y€74k
of which > 1y€80k
Working capital€-74k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.00
Quick ratio0.00
Working capital ratio-14.7%
Solvency69.4%
Debt / equity0.44
Long-term debt ratio0.23
Interest coverage10.23
Gross margin-
Net margin-
ROA8.1%
ROE11.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€504k
Fixed assets 21/28€504k
Tangible fixed assets 22/27€352k
Financial fixed assets 28€152k
Current assets 29/58€150
Cash & bank 54/58€150
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€504k
Equity 10/15€350k
Contributions / capital 10/11€22k
Reserves 13€5k
Accumulated profits (losses) 14€323k
Amounts payable 17/49€154k
Amounts payable after one year 17€80k
Amounts payable within one year 42/48€74k
Trade debts payable within one year 44€11k
Income statement
Gross operating margin 9900€89k
Operating result 9901€58k
Financial charges 65€9k
Result before taxes 9903€49k
Income taxes 67/77€8k
Net result for the period 9904€41k
Result to be appropriated 9905€41k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 82990
Legal form Private limited company(610)
Incorporation29-12-1989
StatusActive
Postal code1880
Establishment units 1 location
Hovestraat 40, 2650 Edegem
Personenvervoer door de lucht
since 19902.047.552.808
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23039B0125/00B004 Flanders 2,638 m² 1 · 830 m² 19.6 m · 3 fl.
11472B0031/00W006 Flanders 433 m² 1 · 153 m² 15.8 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
27-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
27-04-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
01-12-2023
State Gazette act Director changes
Fredericus Van Cauwenbergh
30-05-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
17-05-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
19-05-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
29-05-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
20-05-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
29-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
31-05-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
14-05-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2023
01-12-2023 VAN DOOREN Philippe Petrus Jan appointed as director Director changes·Fredericus Van Cauwenbergh
  • VAN DOOREN Philippe Petrus Jan, Bestuurder
Notary: Fredericus Van Cauwenbergh · Edegem
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "VAN DOOREN Philippe Petrus Jan",
        "address": "1880 Kapelle-op-den-Bos, Oostdijk 11 bus 0004",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "decharge_granted",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Philippe Van Dooren",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": null,
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": null,
        "name": "Accountantskantoor R.M. Berg\u00E9",
        "address": "2100 Antwerpen-Deurne, Oude Bosuilbaan 93 bus 202",
        "country": "BE",
        "legal_form": null
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": "Fredericus Van Cauwenbergh",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Edegem",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-12-01",
    "filing_date": "2023-11-29",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-11-06",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0439.710.205",
    "name_full": "PHADO",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": "Accountantskantoor R.M. Berg\u00E9",
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "volledig afschrift",
    "co\u00F6rdinatie van statuten"
  ],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990Beleggingstrusts en -fondsen en vergelijkbare financiële instellingen64300Activiteiten van geldmarkt- en niet-geldmarktbeleggingsfondsen64310Vermogensbeheer66300Vermogensbeheer66300Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
Legal nameNL PHADO
Registered office
Oostdijk 11 bus 4
1880 Kapelle-op-den-Bos, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same NACE
IMMO BANNEUX BE 0440.235.488 · Tongeren-Borgloon
AIESEC in Belgium BE 0408.138.188 · Brussel
Service de Remplacement agricole de la Région herbagère BE 0413.566.428 · Plombières
MEDILIM BE 0411.934.650 · Hasselt
MARTINE KAESEN BE 0423.741.926 · Brugge
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative