Phinaïs
ActiveSummary
Phinaïs has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31.8m and a net result of €5.4m, of which €7.2m non-recurring income. Equity has been growing by about 9.8% per year since 2018. Its solvency ranks better than 50% of 271 sector peers (NACE 72, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 24-11-2017 Normal situation
- Registered office
- 15 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Other research and development on natural sciences NACE 72109
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.270.175.429 1150 Sint-Pieters-Woluwe, since 24-11-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Board and ownership
Board
- DUPLAT BenoîtDirector · since 28-06-2024
- Holdings
- Shares in 10 companies including Renaissance SAS and CENTRE MEDICAL LEMONNIER
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- -€429,180
- ▼ 417%
- Profit
- €5.4m
- ▲ 44.1%
- Equity
- €31.8m
- ▲ 20.3%
- Total assets
- €70.0m
- ▲ 5.8%
- Employees on 31-12-2025
- 1
- =
Score breakdownraises risk1 of the last 3 accounts latelowers riskSize: 0.7 FTE, total assets €70.0mSector: Scientific research and development (NACE 72)Figures for financial year 2025 (filed on 28-07-2026)Show the evidence
Checked score
Score 2025
91
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 47% of micro companies in research and development (NACE 72)
Financial strength · tick: 2024
Average
Solvency
70+5
equity 45.4% of total assets
Liquidity
56+6
short-term debt 0.3% · cash 5.1%
Profitability
28+2
return on assets 7.7%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.1%▲ +0.1 percentage points vs 02-2025
04-2025: 1.0%▼ -0.1 percentage points vs 03-2025
05-2025: 1.1%▲ +0.1 percentage points vs 04-2025
06-2025: 1.2%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%▼ -0.1 percentage points vs 06-2025
08-2025: 1.6%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 0.5%▼ -1.1 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.6%▲ +0.1 percentage points vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.5 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €2,850,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 69.05 (5.28 in 2024), above the usual 1.5. Short-term debt is 0.3% and cash 5.1% of total assets. However, 54.6% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 72, micro). It does better than 42% of them on solvency, 44% on liquidity, 30% on profitability and 72% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 28-07-2026, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
3 days early
2024
1 day early
2023
58 days late
2022
7 days early
2021
2 days early
2020
3 days early
2019
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Recent changes
- · Gazette deed 1 director appointed, 1 director resigningResignation: BBW SRL (director) · Permanent representative: Benoît DUPLAT · Appointment: Benoît DUPLAT (director)
- · Gazette deed Registered office moved from Ixelles to Woluwe-Saint-PierreNew seat: Bovenberg 118, 1150 Woluwe-Saint-Pierre · Previous seat: Avenue Louise 523, 1050 Ixelles
- · Gazette deed Incorporation
Companies linked to Phinaïs
Comparable companies
These companies have the same main activity as Phinaïs: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €18m and €316m, founded between 2004 and 2021.
| Company | Total assets | Gross margin |
|---|---|---|
| Phinaïs Sint-Pieters-Woluwe | €70.0m | -€0.4m |
| DOMAINE D'ARGENTEUIL Elsene | €17.9m | -€0.04m |
| GLOBAL SEA MINERAL RESOURCES Oostende | €129.7m | -€0.8m |
| UNITED INVESTMENT EUROPE Ottignies-Louvain-la-Neuve | €60.2m | -€0.002m |
| MYRRHA Brussel | €316.4m | - |
| Fondation Saint - Luc Sint-Lambrechts-Woluwe | €51.6m | - |
| Cryotherapeutics Ans | €21.8m | -€0.03m |
Key facts about Phinaïs
- What is the company number of Phinaïs?
- The company number of Phinaïs is 0684.977.079. The VAT number is the same number with BE in front: BE 0684.977.079.
- Where is Phinaïs based?
- The registered office is at Bovenberg 118, 1150 Sint-Pieters-Woluwe.Company details
- What does Phinaïs do?
- According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
- What is the legal form of Phinaïs?
- The legal form of Phinaïs is Private limited company (BV).
- When was Phinaïs founded?
- Phinaïs was founded on 24-11-2017.
- Is Phinaïs still active?
- Yes, Phinaïs is an active enterprise in the KBO register.
- How many employees does Phinaïs have?
- Phinaïs had an average of 0.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Phinaïs fall under?
- In its 2025 annual accounts, Phinaïs states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of Phinaïs?
- The annual accounts for financial year 2025 state no turnover.
- Is Phinaïs profitable?
- In financial year 2025, Phinaïs made a profit of €5.4m.
- Where can I find the annual accounts of Phinaïs?
- Phinaïs filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Phinaïs due?
- Phinaïs must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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