PHIL ELECTRIC
ActivePHIL ELECTRIC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €9k. Equity is growing by ~52.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 6.0 against 2.68 in 2024), and 15.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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
84.7%
Return on assets
34.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-11-2025, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
71 d early
2023
56 d early
2022
70 d early
2021
27 d early
2020
79 d early
2019
67 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▲ 58.7%
2024 · €13k
2019: €-15k
2020: €-16k
2021: €-13k
2022: €-2k
2023: €-3k
2024: €13k
2019 → 2025
Total assets
€25k▲ 23.4%
2024 · €20k
2019: €742
2020: €686
2021: €26k
2022: €26k
2023: €12k
2024: €20k
2019 → 2025
Net result
€9k▼ 48.1%
2024 · €17k
2019: €-792
2020: €-976
2021: €3k
2022: €11k
2023: €-930
2024: €17k
2019 → 2025
Working capital
€19k▲ 65.2%
2024 · €12k
2019: €-15k
2020: €-16k
2021: €-28k
2022: €-9k
2023: €-6k
2024: €12k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-13k-€-2k▲ 82.3%€-3k▼ 39.5%€13k€21k▲ 58.7%
Operating result€4k-€15k▲ 271%€-770€23k€13k▼ 42.6%
Net result€3k-€11k▲ 253%€-930€17k€9k▼ 48.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25k
Fixed assets
€2k▲ 16.3%
Current assets
€23k▲ 24.1%
Equity and liabilities €25k
Equity
€21k▲ 58.7%
Debt
€4k▼ 44.7%
The debt ratio falls from 34.1% to 15.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€14k▼
2024 · €24k
Cash flow
€9k▼
2024 · €17k
Solvency
84.7%▲
2024 · 65.9%
Current ratio
6.00▲
2024 · 2.68
Quick ratio
6.00▲
2024 · 2.68
Debt / equity
0.18▼
2024 · 0.52
ROE
40.8%▼
2024 · 124.5%
ROA
34.5%▼
2024 · 82.0%
Interest coverage
89.05▼
2024 · 143.87
Debt
€4k▼
2024 · €7k
Debt ≤ 1 year
€4k▼
2024 · €7k
Income taxes
€4k▼
2024 · €6k
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€20k€25k▲
Fixed assets21/28€2k€2k▲
Tangible fixed assets22/27€2k€2k▲
Plant, machinery and equipment23€312€134▼
Furniture and vehicles24€1k€2k▲
Current assets29/58€19k€23k▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€6k€2k▼
Trade receivables40€5k€241▼
Other amounts receivable41€676€2k▲
Cash at bank and in hand54/58€12k€20k▲
Deferred charges and accrued income490/1€224€963▲
Equity and liabilities
Total equity and liabilities10/49€20k€25k▲
Equity10/15€13k€21k▲
Contributions10/11€12k€12k=
Reserves13-€9k
Distributable reserves133-€9k
Profit (loss) carried forward14€982€182▼
Amounts payable17/49€7k€4k▼
Amounts payable within one year42/48€7k€4k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€3k€1k▼
Taxes450/3€3k€1k▼
Other amounts payable47/48€112€800▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€799€658▼
Other operating charges640/8€792€511▼
Gross operating margin9900€24k€14k▼
Operating profit (loss)9901€23k€13k▼
Financial income75/76B€3€33▲
Recurring financial income75€3€33▲
Financial charges65/66B€164€155▼
Recurring financial charges65€164€155▼
Profit (loss) for the period before taxes9903€23k€13k▼
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€17k€9k▼
Profit (loss) for the period to be appropriated9905€17k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€982€10k▲
Profit (loss) brought forward from the previous period14P€-16k€982▲
Transfer to equity691/2-€9k
To other reserves6921-€9k
Profit to be distributed694/7-€800
Return on contributions (dividend)694-€800
The notes to these accounts (6 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
2025
04-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 6.00
Current ratio from 2.68 to 6.00; short-term debt falls from €7k to €4k.
2024
21-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
30-06
Financial
Liquidity quadruplescurrent ratio 2.68
Current ratio from 0.61 to 2.68; short-term debt falls from €15k to €7k.
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-976
Net result drops to €-976, the lowest in the series; recovery starts the following year.
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
27-11-2020
Resigned as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2011
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.
Nekkersputstraat 2619000 GentGround area
583 m²
Building footprint
102 m²
Volume, LiDAR
534 m³
Parcel 44816K0881/00C000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PHIL ELECTRIC
since 20112.203.986.785
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0881/00C000 | Flanders | 583 m² | 1 · 102 m² | 7.6 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 22,729 companies in sector 43211 we hold annual accounts for 10,274. 7,278 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2011
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.