PHRD Services
ActiveSummary
PHRD Services has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €32k. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 69% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+88
Solvency98▼-2
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.57 against 4.54 in 2024; short-term debt: 26.6% and cash: 49.1% of total assets), and 26.6% 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 · 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
73.4%
Return on assets
26.5%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €89k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
48 d late
2024
24 d early
2023
27 d early
2022
3 d late
2021
24 d late
2020
32 d early
2019
46 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€89k▲ 56.6%
2024 · €57k
2018: €86k
2019: €137k▲ +59.3% vs 2018highest in 8 years
2020: €113k▼ -17.0% vs 2019
2021: €55k▼ -51.3% vs 2020
2022: €54k▼ -2.4% vs 2021lowest in 8 years
2023: €61k▲ +12.6% vs 2022
2024: €57k▼ -6.3% vs 2023
2025: €89k▲ +56.6% vs 2024
2018 → 2025
Total assets
€121k▲ 71.2%
2024 · €71k
2018: €133k
2019: €164k▲ +22.6% vs 2018highest in 8 years
2020: €145k▼ -11.3% vs 2019
2021: €64k▼ -56.2% vs 2020lowest in 8 years
2022: €89k▲ +39.7% vs 2021
2023: €77k▼ -13.6% vs 2022
2024: €71k▼ -7.5% vs 2023
2025: €121k▲ +71.2% vs 2024
2018 → 2025
Net result
€32k
2024 · €-4k
2018: €67khighest in 8 years
2019: €51k▼ -24.3% vs 2018
2020: €-23k▼ -146% vs 2019
2021: €-58k▼ -151% vs 2020lowest in 8 years
2022: €-1k▲ +97.7% vs 2021
2023: €7k▲ +613% vs 2022
2024: €-4k▼ -157% vs 2023
2025: €32k▲ +937% vs 2024
2018 → 2025
Working capital
€83k▲ 67.2%
2024 · €50k
2018: €77k
2019: €129k▲ +67.3% vs 2018highest in 8 years
2020: €106k▼ -18.0% vs 2019
2021: €47k▼ -55.8% vs 2020
2022: €46k▼ -1.5% vs 2021lowest in 8 years
2023: €52k▲ +12.2% vs 2022
2024: €50k▼ -3.9% vs 2023
2025: €83k▲ +67.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€55k-€54k▼ 2.4%€61k▲ 12.6%€57k▼ 6.3%€89k▲ 56.6%
2021: €55k
2022: €54k▼ -2.4% vs 2021lowest in 5 years
2023: €61k▲ +12.6% vs 2022
2024: €57k▼ -6.3% vs 2023
2025: €89k▲ +56.6% vs 2024highest in 5 years
Operating result€-58k-€-927▲ 98.4%€7k€-4k€34k
2021: €-58klowest in 5 years
2022: €-927▲ +98.4% vs 2021
2023: €7k▲ +874% vs 2022
2024: €-4k▼ -149% vs 2023
2025: €34k▲ +1063% vs 2024highest in 5 years
Net result€-58k-€-1k▲ 97.7%€7k€-4k€32k
2021: €-58klowest in 5 years
2022: €-1k▲ +97.7% vs 2021
2023: €7k▲ +613% vs 2022
2024: €-4k▼ -157% vs 2023
2025: €32k▲ +937% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €34k after a loss of €4k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121k
Fixed assets
€6k ▼ 15.5%
Current assets
€115k ▲ 81.1%
Equity and liabilities €121k
Equity
€89k ▲ 56.6%
Debt
€32k ▲ 130%
Debt's share of the balance-sheet total rises from 19.8% to 26.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▲
2024 · €-67
Cash flow
€35k▲
2024 · €-383
Current ratio
3.57▼
2024 · 4.54
Debt to equity
0.36▲
2024 · 0.25
ROE
36.2%▲
2024 · -6.8%
ROA
26.5%▲
2024 · -5.4%
Interest coverage
244.35▲
2024 · -0.39
Debt ≤ 1 year
€32k▲
2024 · €14k
Income taxes
€2k▲
2024 · €143
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€71k€121k▲
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€7k€6k▼
Furniture and vehicles24€5k€4k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€42€42=
Current assets29/58€64k€115k▲
Amounts receivable within one year40/41€42k€56k▲
Trade receivables40€42k€50k▲
Other amounts receivable41€0€5k▲
Cash at bank and in hand54/58€21k€60k▲
Deferred charges and accrued income490/1€435€42▼
Equity and liabilities
Total equity and liabilities10/49€71k€121k▲
Equity10/15€57k€89k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€36k€69k▲
Amounts payable17/49€14k€32k▲
Amounts payable within one year42/48€14k€32k▲
Trade debts44€8k€27k▲
Suppliers440/4€8k€27k▲
Taxes, remuneration and social security45€577€1k▲
Taxes450/3€577€1k▲
Other amounts payable47/48€5k€4k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€387€400▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€320€38k▲
Operating profit (loss)9901€-4k€34k▲
Financial charges65/66B€173€152▼
Recurring financial charges65€173€152▼
Profit (loss) for the period before taxes9903€-4k€34k▲
Income taxes67/77€143€2k▲
Profit (loss) for the period9904€-4k€32k▲
Profit (loss) for the period to be appropriated9905€-4k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€69k▲
Profit (loss) brought forward from the previous period14P€40k€36k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | €3k | €3k | ▼ 13.7% |
| Other operating charges640/8 | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | €53 | €558 | €0 | - | €1k | - |
| Gross operating margin9900 | €-55k | €3k | €11k | €320 | €38k | ▲ 11,917% |
| Operating profit (loss)9901 | €-58k | €-927 | €7k | €-4k | €34k | ▲ 1,063% |
| Financial income75/76B | €0 | €0 | - | - | - | - |
| Recurring financial income75 | €0 | €0 | - | - | - | - |
| Financial charges65/66B | €61 | €266 | €241 | €173 | €152 | ▼ 12.3% |
| Recurring financial charges65 | €61 | €266 | €241 | €173 | €152 | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €-58k | €-1k | €7k | €-4k | €34k | ▲ 1,014% |
| Income taxes67/77 | €117 | €131 | €142 | €143 | €2k | ▲ 1,074% |
| Profit (loss) for the period9904 | €-58k | €-1k | €7k | €-4k | €32k | ▲ 937% |
| Profit (loss) for the period to be appropriated9905 | €-58k | €-1k | €7k | €-4k | €32k | ▲ 937% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64k | €89k | €77k | €71k | €121k | ▲ 71.2% |
| Formation expenses20 | €271 | €80 | €0 | - | - | - |
| Fixed assets21/28 | €8k | €8k | €9k | €7k | €6k | ▼ 15.5% |
| Tangible fixed assets22/27 | €8k | €8k | €9k | €7k | €6k | ▼ 15.6% |
| Furniture and vehicles24 | €4k | €4k | €6k | €5k | €4k | ▼ 11.3% |
| Other tangible fixed assets26 | €4k | €3k | €3k | €2k | €2k | ▼ 25.0% |
| Financial fixed assets28 | €42 | €42 | €42 | €42 | €42 | = |
| Current assets29/58 | €55k | €81k | €68k | €64k | €115k | ▲ 81.1% |
| Amounts receivable within one year40/41 | €16k | €63k | €31k | €42k | €56k | ▲ 31.4% |
| Trade receivables40 | €15k | €63k | €29k | €42k | €50k | ▲ 18.8% |
| Other amounts receivable41 | €835 | €0 | €2k | €0 | €5k | - |
| Cash at bank and in hand54/58 | €39k | €18k | €36k | €21k | €60k | ▲ 185% |
| Deferred charges and accrued income490/1 | €6 | €404 | €436 | €435 | €42 | ▼ 90.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64k | €89k | €77k | €71k | €121k | ▲ 71.2% |
| Equity10/15 | €55k | €54k | €61k | €57k | €89k | ▲ 56.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €35k | €34k | €40k | €36k | €69k | ▲ 88.4% |
| Amounts payable17/49 | €8k | €35k | €16k | €14k | €32k | ▲ 130% |
| Amounts payable within one year42/48 | €8k | €35k | €16k | €14k | €32k | ▲ 130% |
| Trade debts44 | €270 | €23k | €10k | €8k | €27k | ▲ 228% |
| Suppliers440/4 | €270 | €23k | €10k | €8k | €27k | ▲ 228% |
| Taxes, remuneration and social security45 | €252 | €6k | €142 | €577 | €1k | ▲ 97.4% |
| Taxes450/3 | €252 | €6k | €142 | €577 | €1k | ▲ 97.4% |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €8k | €6k | €6k | €5k | €4k | ▼ 23.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-58k | €-1k | €7k | €-4k | €32k | ▲ 937% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | €3k | €3k | ▼ 13.7% |
| Operating cash flow (approximation) | €-56k | €1k | €10k | €-383 | €35k | ▲ 9,304% |
| Investment in fixed assets (approximation) | - | €-2k | €-5k | €-2k | €-2k | ▼ 15.0% |
| Change in cash | - | €-22k | €18k | €-15k | €39k | ▲ 354% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 48 days late
2025
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 5.78
Current ratio from 2.62 to 5.78; short-term debt falls from €48k to €27k.
31-12
Financial
Equity above €100kEq €137k ▲59.3%
2 profitable years in a row build equity to €137k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2018
Ground area
1.6 ha
Building footprint
623 m²
Volume, LiDAR
10,184 m³
Parcel 21616G0139/00G003, Brussels · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
Wagenstraat 22, 1180 Ukkel
since 20182.276.284.647
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0139/00G003 | Brussels | 1.6 ha | 1 · 623 m² | 21.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,630 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.