PHENIX GROUP SOLUTIONS
ActiveThe computed 12-month bankruptcy probability of PHENIX GROUP SOLUTIONS is 1.9% (moderate). The 2024 annual accounts show equity of €448k and a net result of €54k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 1132 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
96
/ 100
Excellent▲ +20 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▼-12
Solvency92▲+5
Growth64▼-4
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 3.26 in 2023), but 50.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
97 d late
2022
73 d late
2021
218 d late
2020
397 d late
2019
105 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€1.63M▼ 7.6%
2022 · €1.77M
2018: €897k
2019: €1.52M
2021: €1.35M
2022: €1.77M
2018 → 2024
EBIT margin
4.5%▼ 4.3pp
2022 · 8.8%
2018: 11.1%
2019: 16.9%
2021: 0.9%
2022: 8.8%
2018 → 2024
Net result
€54k▲ 27.3%
2023 · €43k
2018: €88k
2019: €202k
2020: €29k
2021: €4k
2022: €41k
2023: €43k
2018 → 2024
Working capital
€335k=
2023 · €335k
2018: €65k
2019: €270k
2020: €283k
2021: €264k
2022: €303k
2023: €335k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.35M€1.77M▲ 31.1%€1.63M
Equity€307k-€310k▲ 1.3%€351k▲ 13.1%€394k▲ 12.1%€448k▲ 13.8%
Operating result€65k-€12k▼ 81.5%€155k▲ 1,181%€-12k€74k
Net result€29k-€4k▼ 86.4%€41k▲ 924%€43k▲ 4.5%€54k▲ 27.3%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €74k after a loss of €12k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €912k
Fixed assets
€194k▼ 55.2%
Current assets
€718k▲ 48.8%
Equity and liabilities €912k
Equity
€448k▲ 13.8%
Debt
€464k▼ 11.0%
The debt ratio falls from 57.0% to 50.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€81k▲
2023 · €-7k
Cash flow
€62k▲
2023 · €47k
Solvency
49.1%▲
2023 · 43.0%
Current ratio
1.87▼
2023 · 3.26
Quick ratio
1.87▼
2023 · 3.26
Debt / equity
1.04▼
2023 · 1.32
ROE
12.1%▲
2023 · 10.8%
ROA
5.9%▲
2023 · 4.7%
Interest coverage
18.44▲
2023 · -16.00
Debt
€464k▼
2023 · €521k
Debt ≤ 1 year
€383k▲
2023 · €148k
Debt > 1 year
€81k▼
2023 · €373k
Income taxes
€15k▲
2023 · €-55k
Staff costs
€72k▲
2023 · €62k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€915k€912k▼
Fixed assets21/28€432k€194k▼
Tangible fixed assets22/27€431k€192k▼
Land and buildings22€411k€126k▼
Plant, machinery and equipment23€800€2k▲
Furniture and vehicles24€19k€22k▲
Assets under construction and advance payments27-€43k
Financial fixed assets28€1k€1k=
Current assets29/58€483k€718k▲
Amounts receivable within one year40/41€480k€717k▲
Trade receivables40€456k€485k▲
Other amounts receivable41€23k€233k▲
Cash at bank and in hand54/58€3k€902▼
Equity and liabilities
Total equity and liabilities10/49€915k€912k▼
Equity10/15€394k€448k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€373k€428k▲
Amounts payable17/49€521k€464k▼
Amounts payable after more than one year17€373k€81k▼
Other amounts payable178/9€373k€81k▼
Amounts payable within one year42/48€148k€383k▲
Trade debts44€37k€285k▲
Suppliers440/4€37k€285k▲
Taxes, remuneration and social security45€98k€93k▼
Taxes450/3€89k€82k▼
Remuneration and social security454/9€9k€12k▲
Other amounts payable47/48€13k€5k▼
Income statement
Code20232024
Turnover70-€1.63M
Remuneration, social security and pensions62€62k€72k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€8k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€58k€158k▲
Operating profit (loss)9901€-12k€74k▲
Financial charges65/66B€454€4k▲
Recurring financial charges65€454€4k▲
Profit (loss) for the period before taxes9903€-12k€69k▲
Income taxes67/77€-55k€15k▲
Profit (loss) for the period9904€43k€54k▲
Profit (loss) for the period to be appropriated9905€43k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€373k€428k▲
Profit (loss) brought forward from the previous period14P€331k€373k▲
Social balance
Average headcount (FTE)90872.13.3▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 97 days late
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 73 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 218 days late
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 397 days late
2021
31-12
Financial
Weakest financial yearnet €4k ▼86.4%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 105 days late
2019
31-12
Financial
Highest result since 2018net €202k ▲128%
Operating result €257k, net result €202k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.77
Current ratio from 1.61 to 4.77; short-term debt falls from €107k to €72k.
31-12
Financial
Equity above €200kEq €277k ▲300%
2 profitable years in a row build equity to €277k.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 14 days late
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 142 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Ganshoren · 1 establishment unit since 2016
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.
Sint-Martinuskerkstraat 411083 GanshorenGround area
135 m²
Building footprint
134 m²
Volume, LiDAR
1,535 m³
Parcel 21008A0170/00W005, Brussels · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PHENIX GROUP SOLUTIONS
since 20162.256.349.860
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21008A0170/00W005 | Brussels | 135 m² | 1 · 134 m² | 14.3 m · 4 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.
Similar companies · same sector, comparable size
Of 148 companies in sector 43600 we hold annual accounts for 9. 1 is within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-09-2016
Fiscal year end31-12
Activities, NACEBEL
43600Specialised construction activities
49420Removal services
49410Freight transport by road
52250Logistics services
52290Warehousing and support activities for transportation
53100Postal and courier activities
53200Other postal and courier activities
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.