PHIRO
ActiveSummary
PHIRO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €312k and a net result of €74k. Equity is growing by ~39.5% per year across the filed fiscal years. Its solvency ranks better than 36% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-15
Solvency63▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 2.44 against 2.4 in 2024; short-term debt: 16.9% and cash: 0% of total assets), but 62.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
37.7%
Return on assets
9%
Age of the figures
9 mo
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
70 d early
2023
61 d early
2022
69 d early
2021
61 d early
2020
59 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€312k▲ 22.5%
2024 · €254k
2018: €30k
2019: €49k
2020: €66k
2021: €84k
2022: €120k
2023: €179k
2024: €254k
2018 → 2025
Total assets
€827k▲ 81.0%
2024 · €457k
2018: €105k
2019: €123k
2020: €201k
2021: €222k
2022: €254k
2023: €395k
2024: €457k
2018 → 2025
Net result
€74k▼ 21.8%
2024 · €95k
2018: €21k
2019: €19k
2020: €17k
2021: €18k
2022: €36k
2023: €70k
2024: €95k
2018 → 2025
Working capital
€201k▼ 1.5%
2024 · €204k
2018: €21k
2019: €38k
2020: €66k
2021: €53k
2022: €92k
2023: €141k
2024: €204k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€84k-€120k▲ 43.4%€179k▲ 48.7%€254k▲ 42.4%€312k▲ 22.5%
Operating result€32k-€52k▲ 63.6%€101k▲ 95.7%€138k▲ 36.3%€116k▼ 15.9%
Net result€18k-€36k▲ 104%€70k▲ 92.1%€95k▲ 35.8%€74k▼ 21.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €827k
Fixed assets
€487k ▲ 355%
Current assets
€340k ▼ 2.7%
Equity and liabilities €827k
Equity
€312k ▲ 22.5%
Debt
€516k ▲ 155%
Debt's share of the balance-sheet total rises from 44.3% to 62.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€178k▲
2024 · €174k
Cash flow
€136k▲
2024 · €131k
Current ratio
2.44▲
2024 · 2.40
Debt to equity
1.65▲
2024 · 0.80
ROE
23.8%▼
2024 · 37.3%
ROA
9.0%▼
2024 · 20.7%
Interest coverage
10.24▼
2024 · 30.13
Debt ≤ 1 year
€140k▼
2024 · €146k
Debt > 1 year
€375k▲
2024 · €56k
Income taxes
€34k▼
2024 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€457k€827k▲
Fixed assets21/28€107k€487k▲
Intangible fixed assets21€555€55▼
Tangible fixed assets22/27€106k€487k▲
Land and buildings22€2k€409k▲
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€98k€72k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€72€72=
Current assets29/58€350k€340k▼
Amounts receivable after more than one year29€247k€272k▲
Trade receivables290€247k€272k▲
Amounts receivable within one year40/41€24k€25k▲
Trade receivables40€21k€25k▲
Other amounts receivable41€3k€0▼
Current investments50/53€20k€0▼
Cash at bank and in hand54/58€26k€89▼
Deferred charges and accrued income490/1€33k€43k▲
Equity and liabilities
Total equity and liabilities10/49€457k€827k▲
Equity10/15€254k€312k▲
Contributions10/11€19k€19k=
Reserves13€236k€293k▲
Distributable reserves133€236k€293k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€203k€516k▲
Amounts payable after more than one year17€56k€375k▲
Financial debts170/4€56k€375k▲
Amounts payable within one year42/48€146k€140k▼
Current portion of amounts payable after more than one year42€64k€62k▼
Financial debts43€2k€15k▲
Credit institutions430/8€2k€15k▲
Trade debts44€7k€15k▲
Suppliers440/4€7k€15k▲
Advances received on contracts in progress46€25k€0▼
Taxes, remuneration and social security45€27k€28k▲
Taxes450/3€27k€28k▲
Other amounts payable47/48€20k€18k▼
Accrued charges and deferred income492/3€211€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€62k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€179k€183k▲
Operating profit (loss)9901€138k€116k▼
Financial income75/76B€9k€10k▲
Recurring financial income75€9k€10k▲
Financial charges65/66B€6k€17k▲
Recurring financial charges65€6k€17k▲
Profit (loss) for the period before taxes9903€141k€109k▼
Income taxes67/77€46k€34k▼
Profit (loss) for the period9904€95k€74k▼
Profit (loss) for the period to be appropriated9905€95k€74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€95k€74k▼
Transfer from equity791/2€19k€17k▼
Transfer to equity691/2€95k€74k▼
To other reserves6921€95k€74k▼
Profit to be distributed694/7€19k€17k▼
Return on contributions (dividend)694€19k€17k▼
The notes to these accounts (18 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
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €95k ▲35.8%
Operating result €138k, net result €95k, both a record.
31-12
Financial
Equity above €200kEq €254k ▲42.4%
7 profitable years in a row build equity to €254k.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €179k ▲48.7%
6 profitable years in a row build equity to €179k.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €120k ▲43.4%
5 profitable years in a row build equity to €120k.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €17k ▼11.4%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Merchtem · 2 establishment units since 1997
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.
Vollickstraat 181785 MerchtemGround area
1,294 m²
Building footprint
445 m²
Volume, LiDAR
5,354 m³
2 parcels, Flanders · tallest building 22.8 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
PHIRO
since 19972.081.673.151
Burg. Frans Desmidtplein 6, 8300 Knokke-Heist
since 20252.380.512.533
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012G0361/00D000 | Flanders | 982 m² | 1 · 222 m² | 7.8 m · 2 fl. |
| 31334B0832/00_000 | Flanders | 312 m² | 1 · 223 m² | 22.8 m · 6 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.
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 37,926 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-04-1997
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.