PHOENIX PLUS
ActivePHOENIX PLUS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.58M and a net result of €667k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 4826 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
95
/ 100
Excellent▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-3
Solvency100▲+2
Growth41▼-4
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 4.52 against 2.15 in 2024), and 20.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
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
79.9%
Return on assets
8.1%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
23 d early
2023
6 d late
2022
149 d late
2021
31 d early
2020
29 d early
2019
90 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€39.21M▼ 22.9%
2024 · €50.87M
2018: €54.88M
2019: €59.77M
2020: €57.49M
2021: €44.74M
2022: €35.64M
2023: €37.38M
2024: €50.87M
2018 → 2025
EBIT margin
3.5%▲ 1.6pp
2024 · 1.9%
2018: 2.8%
2019: 0.1%
2020: 1.4%
2021: 2.5%
2022: 3.4%
2023: 1.3%
2024: 1.9%
2018 → 2025
Net result
€667k▼ 19.9%
2024 · €833k
2018: €1.15M
2019: €257k
2020: €577k
2021: €990k
2022: €1.01M
2023: €307k
2024: €833k
2018 → 2025
Working capital
€5.75M▲ 13.5%
2024 · €5.07M
2018: €1.65M
2019: €2.02M
2020: €2.46M
2021: €3.38M
2022: €4.59M
2023: €4.33M
2024: €5.07M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€44.74M-€35.64M▼ 20.3%€37.38M▲ 4.9%€50.87M▲ 36.1%€39.21M▼ 22.9%
Equity€4.37M-€5.07M▲ 16.1%€5.36M▲ 5.7%€5.96M▲ 11.2%€6.58M▲ 10.5%
Operating result€1.12M-€1.20M▲ 7.1%€472k▼ 60.8%€953k▲ 102%€1.38M▲ 44.9%
Net result€990k-€1.01M▲ 1.8%€307k▼ 69.5%€833k▲ 171%€667k▼ 19.9%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 45% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.24M
Fixed assets
€857k▼ 14.2%
Current assets
€7.38M▼ 22.1%
Equity and liabilities €8.24M
Equity
€6.58M▲ 10.5%
Debt
€1.66M▼ 63.4%
The debt ratio falls from 43.2% to 20.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.58M▲
2024 · €1.14M
Cash flow
€869k▼
2024 · €1.02M
Solvency
79.9%▲
2024 · 56.8%
Current ratio
4.52▲
2024 · 2.15
Quick ratio
2.70▲
2024 · 1.34
Debt / equity
0.25▼
2024 · 0.76
ROE
10.1%▼
2024 · 14.0%
ROA
8.1%▲
2024 · 8.0%
Interest coverage
64.62▲
2024 · 51.01
Debt
€1.66M▼
2024 · €4.52M
Debt ≤ 1 year
€1.63M▼
2024 · €4.42M
Debt > 1 year
€21k▼
2024 · €77k
Income taxes
€225k▼
2024 · €297k
Staff costs
€304k▲
2024 · €280k
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€10.48M€8.24M▼
Fixed assets21/28€999k€857k▼
Tangible fixed assets22/27€997k€855k▼
Land and buildings22€879k€790k▼
Plant, machinery and equipment23€19k€0▼
Furniture and vehicles24€99k€66k▼
Financial fixed assets28€1k€2k▲
Other financial fixed assets284/8€1k€2k▲
Amounts receivable and cash guarantees285/8€1k€2k▲
Current assets29/58€9.48M€7.38M▼
Stocks and contracts in progress3€3.57M€2.98M▼
Stocks30/36€3.57M€2.98M▼
Goods purchased for resale34€3.57M€2.98M▼
Amounts receivable within one year40/41€3.74M€2.35M▼
Trade receivables40€3.13M€2.04M▼
Other amounts receivable41€612k€309k▼
Cash at bank and in hand54/58€2.17M€2.00M▼
Deferred charges and accrued income490/1€9k€51k▲
Equity and liabilities
Total equity and liabilities10/49€10.48M€8.24M▼
Equity10/15€5.96M€6.58M▲
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€25k€25k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Profit (loss) carried forward14€5.68M€6.31M▲
Amounts payable17/49€4.52M€1.66M▼
Amounts payable after more than one year17€77k€21k▼
Other amounts payable178/9€77k€21k▼
Amounts payable within one year42/48€4.42M€1.63M▼
Trade debts44€4.17M€1.47M▼
Suppliers440/4€4.17M€1.47M▼
Taxes, remuneration and social security45€46k€106k▲
Taxes450/3€7k€40k▲
Remuneration and social security454/9€39k€65k▲
Other amounts payable47/48€200k€61k▼
Accrued charges and deferred income492/3€30k€2k▼
Income statement
Code20242025
Operating income70/76A€51.14M€39.47M▼
Turnover70€50.87M€39.21M▼
Other operating income74€261k€246k▼
Non-recurring operating income76A€8k€15k▲
Operating charges60/66A€50.19M€38.09M▼
Goods for resale, raw materials and consumables60€47.84M€36.28M▼
Purchases600/8€48.64M€35.69M▼
Change in stocks: decrease (increase)609€-805k€587k▲
Services and other goods61€1.80M€1.29M▼
Remuneration, social security and pensions62€280k€304k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€185k€201k▲
Other operating charges640/8€11k€14k▲
Non-recurring operating charges66A€70k-
Operating profit (loss)9901€953k€1.38M▲
Financial income75/76B€578k€305k▼
Recurring financial income75€578k€305k▼
Income from financial fixed assets750€12k€39k▲
Other financial income752/9€566k€266k▼
Financial charges65/66B€401k€793k▲
Recurring financial charges65€401k€793k▲
Debt charges650€22k€24k▲
Other financial charges652/9€378k€769k▲
Profit (loss) for the period before taxes9903€1.13M€892k▼
Income taxes67/77€297k€225k▼
Taxes670/3€299k€230k▼
Tax adjustments and reversals of tax provisions77€2k€6k▲
Profit (loss) for the period9904€833k€667k▼
Profit (loss) for the period to be appropriated9905€833k€667k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5.91M€6.35M▲
Profit (loss) brought forward from the previous period14P€5.08M€5.68M▲
Profit to be distributed694/7€232k€41k▼
Return on contributions (dividend)694€200k-
Employees696€32k€41k▲
Social balance
Average headcount (FTE)90873.02.8▼
The notes to these accounts (46 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 4.52
Current ratio from 2.15 to 4.52; short-term debt falls from €4.42M to €1.63M.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 6 days late
2023
27-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 149 days late
2022
31-12
Financial
Equity above €5MEq €5.07M ▲16.1%
5 profitable years in a row build equity to €5.07M.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet €257k ▼77.6%
Net result drops to €257k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
31-07
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
12 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, Grez-Doiceau · 2 establishment units since 1998
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.
Tienne du Golf 11390 Grez-DoiceauGround area
4,784 m²
Building footprint
182 m²
Volume, LiDAR
1,098 m³
Parcel 25037D0014/00F003, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Av. Cte Gérard d'Ursel 197, 1390 Grez-Doiceau
since 19982.103.097.085
Phoenix Plus
since 20072.164.429.987
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037D0014/00F003 | Wallonia | 4,784 m² | 1 · 182 m² | 8.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300JK5B6NPVYJ1H84
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Of 6,127 companies in sector 46190 we hold annual accounts for 2,554. 337 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-09-1997
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
46820Wholesale trade
74300Other professional, scientific and technical activities
74301Translation services
74852
Sources
Crossroads Bank for EnterprisesNational Bank · 28 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.
Contact details
2 entriesE-mail:c.trandai@phoenix-plus.be
Phone:+3210476536