PHONOTECH
ActiveSummary
PHONOTECH has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-256k) and a net result of €37k. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 143 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+68
Solvency5▲+5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.46 against 2.15 in 2024; short-term debt: 31.9% and cash: 8.1% of total assets), but equity is negative.
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 · 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 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 143 sector peers (2025).
NBB · sector comparisonPosition among 143 sector peers
Solvency
better than 5%
← weakest
strongest →
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 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
20 d early
2023
27 d early
2022
12 d early
2021
89 d early
2020
80 d early
2019
17 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€37k
2024 · €-305k
2018: €-195k
2019: €-53k
2020: €3k
2021: €50k
2022: €58k
2023: €105k
2024: €-305k
2018 → 2025
Working capital
€608k▲ 83.6%
2024 · €331k
2018: €-212k
2019: €-275k
2020: €-318k
2021: €-287k
2022: €-343k
2023: €-100k
2024: €331k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-151k-€-92k▲ 38.7%€12k€-293k€-256k▲ 12.6%
Operating result€51k-€61k▲ 19.4%€143k▲ 134%€-274k€67k
Net result€50k-€58k▲ 16.9%€105k▲ 79.4%€-305k€37k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €67k after a loss of €274k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.31M
Fixed assets
€283k ▲ 31.2%
Current assets
€1.03M ▲ 65.9%
Key figures and ratios
EBITDA
€165k▲
2024 · €-179k
Cash flow
€135k▲
2024 · €-210k
Solvency
-19.5%▲
2024 · -35.1%
Current ratio
2.46▲
2024 · 2.15
Quick ratio
1.46▼
2024 · 1.50
Debt to equity
-6.12▼
2024 · -3.85
ROA
2.8%▲
2024 · -36.6%
Interest coverage
5.48▲
2024 · -5.59
Debt
€1.56M▲
2024 · €1.13M
Debt ≤ 1 year
€418k▲
2024 · €287k
Debt > 1 year
€1.06M▲
2024 · €750k
Income taxes
€604▼
2024 · €631
Staff costs
€289k▼
2024 · €300k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€834k€1.31M▲
Fixed assets21/28€216k€283k▲
Intangible fixed assets21€122k€113k▼
Tangible fixed assets22/27€53k€130k▲
Plant, machinery and equipment23€6k€2k▼
Furniture and vehicles24€47k€128k▲
Other tangible fixed assets26€447€0▼
Financial fixed assets28€40k€39k▼
Current assets29/58€618k€1.03M▲
Stocks and contracts in progress3€187k€415k▲
Stocks30/36€187k€415k▲
Amounts receivable within one year40/41€382k€494k▲
Trade receivables40€363k€443k▲
Other amounts receivable41€19k€51k▲
Cash at bank and in hand54/58€28k€106k▲
Deferred charges and accrued income490/1€21k€12k▼
Equity and liabilities
Total equity and liabilities10/49€834k€1.31M▲
Equity10/15€-293k€-256k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-299k€-262k▲
Amounts payable17/49€1.13M€1.56M▲
Amounts payable after more than one year17€750k€1.06M▲
Financial debts170/4-€61k
Other amounts payable178/9€750k€1.00M▲
Amounts payable within one year42/48€287k€418k▲
Current portion of amounts payable after more than one year42-€16k
Trade debts44€234k€298k▲
Suppliers440/4€234k€298k▲
Advances received on contracts in progress46€8k€2k▼
Taxes, remuneration and social security45€45k€31k▼
Taxes450/3€15k€1k▼
Remuneration and social security454/9€30k€30k▼
Other amounts payable47/48€0€70k▲
Accrued charges and deferred income492/3€89k€86k▼
Income statement
Code20242025
Remuneration, social security and pensions62€300k€289k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€98k▲
Other operating charges640/8€9k€16k▲
Gross operating margin9900€130k€469k▲
Operating profit (loss)9901€-274k€67k▲
Financial income75/76B€2k€822▼
Recurring financial income75€2k€822▼
Financial charges65/66B€32k€30k▼
Recurring financial charges65€32k€30k▼
Profit (loss) for the period before taxes9903€-304k€38k▲
Income taxes67/77€631€604▼
Profit (loss) for the period9904€-305k€37k▲
Profit (loss) for the period to be appropriated9905€-305k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-299k€-262k▲
Profit (loss) brought forward from the previous period14P€6k€-299k▼
Transfer from equity791/2€0-
Social balance
Average headcount (FTE)90874.84.1▼
The notes to these accounts (22 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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-305k ▼392%
Net result drops to €-305k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 2.15
Current ratio from 0.85 to 2.15; short-term debt falls from €673k to €287k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €105k ▲79.4%
Operating result €143k, net result €105k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 9 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Thimister-Clermont · 1 establishment unit since 2015
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 des Waides 84890 Thimister-ClermontGround area
1.0 ha
Parcel 63077C0536/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Waides 8, 4890 Thimister-Clermont
since 20152.241.370.486
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077C0536/00D000 | Wallonia | 1.0 ha | - | - |
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.
Similar companies · same sector, comparable size
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GIO METAL
BE 1004.322.855
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CUBE4
BE 0644.548.172
Gent · Eq €29,264
POLYPANEL BELGIQUE
BE 0880.936.677
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BRIFORME BELGIUM
BE 0795.151.362
Jette · Eq €30,434
Of 105 companies in sector 16210 we hold annual accounts for 75. 15 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
Founded06-10-2000
Fiscal year end31-12
Activities, NACEBEL 2025
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
43230Insulation installation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.