PHILNET
ActivePHILNET has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €766k and a net result of €144k. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+9
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 11.41 against 7.34 in 2024; short-term debt: 7.8% and cash: 15% of total assets), and 7.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
92.2%
Return on assets
17.3%
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 12-12-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
52 d early
2023
45 d early
2022
46 d early
2021
45 d early
2020
44 d early
2019
51 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 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€144k▲ 112%
2024 · €68k
2019: €75k
2020: €62k
2021: €44k
2022: €65k
2023: €73k
2024: €68k
2019 → 2025
Working capital
€672k▲ 31.8%
2024 · €510k
2019: €264k
2020: €333k
2021: €337k
2022: €413k
2023: €488k
2024: €510k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€416k-€481k▲ 15.7%€554k▲ 15.3%€622k▲ 12.2%€766k▲ 23.1%
Operating result€68k-€88k▲ 30.5%€103k▲ 16.8%€96k▼ 6.5%€187k▲ 94.1%
Net result€44k-€65k▲ 47.2%€73k▲ 12.2%€68k▼ 7.7%€144k▲ 112%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 94% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €830k
Fixed assets
€94k▼ 16.6%
Current assets
€737k▲ 24.8%
Equity and liabilities €830k
Equity
€766k▲ 23.1%
Debt
€65k▼ 19.7%
The debt ratio falls from 11.4% to 7.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€206k▲
2024 · €113k
Cash flow
€162k▲
2024 · €85k
Solvency
92.2%▲
2024 · 88.6%
Current ratio
11.41▲
2024 · 7.34
Quick ratio
10.53▲
2024 · 6.68
Debt / equity
0.08▼
2024 · 0.13
ROE
18.7%▲
2024 · 10.9%
ROA
17.3%▲
2024 · 9.6%
Interest coverage
47.62▲
2024 · 26.32
Debt
€65k▼
2024 · €80k
Debt ≤ 1 year
€65k▼
2024 · €80k
Income taxes
€50k▲
2024 · €25k
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€703k€830k▲
Fixed assets21/28€112k€94k▼
Tangible fixed assets22/27€112k€94k▼
Land and buildings22€25k€25k=
Plant, machinery and equipment23€17k€5k▼
Other tangible fixed assets26€71k€64k▼
Financial fixed assets28€290€290=
Current assets29/58€590k€737k▲
Stocks and contracts in progress3€53k€57k▲
Stocks30/36€53k€57k▲
Amounts receivable within one year40/41€43k€51k▲
Trade receivables40€33k€51k▲
Other amounts receivable41€10k€0▼
Current investments50/53€380k€500k▲
Cash at bank and in hand54/58€109k€124k▲
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€703k€830k▲
Equity10/15€622k€766k▲
Contributions10/11€117k€117k=
Capital10€117k€117k=
Issued capital100€117k€117k=
Reserves13€12k€12k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Profit (loss) carried forward14€494k€638k▲
Amounts payable17/49€80k€65k▼
Amounts payable within one year42/48€80k€65k▼
Trade debts44€78k€56k▼
Suppliers440/4€78k€56k▼
Taxes, remuneration and social security45€2k€9k▲
Taxes450/3€2k€9k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€19k▲
Other operating charges640/8€9k€9k▲
Non-recurring operating charges66A-€5k
Gross operating margin9900€123k€220k▲
Operating profit (loss)9901€96k€187k▲
Financial income75/76B€579€11k▲
Recurring financial income75€579€11k▲
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€93k€194k▲
Income taxes67/77€25k€50k▲
Profit (loss) for the period9904€68k€144k▲
Profit (loss) for the period to be appropriated9905€68k€144k▲
Appropriation of the result
Profit (loss) to be appropriated9906€494k€638k▲
Profit (loss) brought forward from the previous period14P€426k€494k▲
The notes to these accounts (5 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
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Highest result since 2019net €144k ▲112%
Operating result €187k, net result €144k, both a record.
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
17-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Equity above €500kEq €554k ▲15.3%
5 profitable years in a row build equity to €554k.
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Weakest financial yearnet €44k ▼28.7%
Net result drops to €44k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 10.71
Current ratio from 5.28 to 10.71; short-term debt falls from €78k to €35k.
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
25-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
16-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
24-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Virton · 1 establishment unit since 1990
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 d'Arlon 596760 VirtonGround area
964 m²
Building footprint
63 m²
Volume, LiDAR
459 m³
2 parcels, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PHILNET SPRL
since 19902.049.133.215
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85045A0383/00N000 | Wallonia | 663 m² | - | - |
| 85045A0408/00W000 | Wallonia | 300 m² | 1 · 63 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
STOCKAGE LOGISTIQUE PETROLIER
BE 0889.708.942
Tinlot · Eq €759k
BOLKAR
BE 0678.817.084
Quaregnon · Eq €777k
TANKSTELLE RAUW
BE 0441.314.465
Bütgenbach · Eq €789k
J.L.M. PETRO SERVICES
BE 0885.783.709
Jodoigne · Eq €742k
Parking L.O.
BE 0413.589.984
Boortmeerbeek · Eq €801k
Of 1,267 companies in sector 47300 we hold annual accounts for 946. 566 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-07-1990
Fiscal year end30-06
Activities, NACEBEL
47300Retail trade
50200
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95316Washing and cleaning of motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.