PHYSIONALIX
ActiveSummary
The computed 12-month bankruptcy probability of PHYSIONALIX is 2.0% (moderate). The 2025 annual accounts show equity of €31k and a net result of €15k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 4486 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+60
Solvency39▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.42 against 0.22 in 2024; short-term debt: 23.5% and cash: 4.6% of total assets), and 86.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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
13.9%
Return on assets
6.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 4486 sector peers (2025).
NBB · sector comparisonPosition among 4486 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 6 filingsDeviation from the deadline
2025
24 d late
2024
on the day
2023
30 d late
2022
30 d late
2021
24 d early
2020
24 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▲ 96.6%
2024 · €16k
2020: €7k
2021: €22k
2022: €19k
2023: €29k
2024: €16k
2020 → 2025
Total assets
€225k▼ 2.0%
2024 · €229k
2020: €148k
2021: €134k
2022: €118k
2023: €233k
2024: €229k
2020 → 2025
Net result
€15k
2024 · €-13k
2020: €882
2021: €2k
2022: €-3k
2023: €10k
2024: €-13k
2020 → 2025
Working capital
€-31k▲ 35.5%
2024 · €-47k
2020: €-29k
2021: €-8k
2022: €-4k
2023: €-19k
2024: €-47k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€19k▼ 12.0%€29k▲ 51.7%€16k▼ 45.2%€31k▲ 96.6%
Operating result€5k-€-1k€18k€-8k€21k
Net result€2k-€-3k€10k€-13k€15k
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: €21k after a loss of €8k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225k
Fixed assets
€203k ▼ 6.1%
Current assets
€22k ▲ 62.7%
Equity and liabilities €225k
Equity
€31k ▲ 96.6%
Debt
€194k ▼ 9.3%
Debt's share of the balance-sheet total falls from 93.1% to 86.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k▲
2024 · €3k
Cash flow
€28k▲
2024 · €-2k
Current ratio
0.42▲
2024 · 0.22
Debt to equity
6.21▼
2024 · 13.45
ROE
49.1%▲
2024 · -82.6%
ROA
6.8%▲
2024 · -5.7%
Interest coverage
7.12▲
2024 · 0.60
Debt ≤ 1 year
€53k▼
2024 · €61k
Debt > 1 year
€141k▼
2024 · €152k
Income taxes
€1k▲
2024 · €175
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€229k€225k▼
Fixed assets21/28€216k€203k▼
Tangible fixed assets22/27€216k€203k▼
Land and buildings22€198k€188k▼
Plant, machinery and equipment23€15k€13k▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€14k€22k▲
Amounts receivable within one year40/41€6k€11k▲
Trade receivables40€4k€11k▲
Other amounts receivable41€2k€745▼
Cash at bank and in hand54/58€7k€10k▲
Deferred charges and accrued income490/1€586€614▲
Equity and liabilities
Total equity and liabilities10/49€229k€225k▼
Equity10/15€16k€31k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-3k€13k▲
Amounts payable17/49€213k€194k▼
Amounts payable after more than one year17€152k€141k▼
Financial debts170/4€152k€141k▼
Amounts payable within one year42/48€61k€53k▼
Current portion of amounts payable after more than one year42€11k€12k▲
Trade debts44€14k€10k▼
Suppliers440/4€14k€10k▼
Taxes, remuneration and social security45€4k€1k▼
Taxes450/3€4k€1k▼
Other amounts payable47/48€32k€30k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€13k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€5k€36k▲
Operating profit (loss)9901€-8k€21k▲
Financial income75/76B€325€124▼
Recurring financial income75€325€124▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€-13k€17k▲
Income taxes67/77€175€1k▲
Profit (loss) for the period9904€-13k€15k▲
Profit (loss) for the period to be appropriated9905€-13k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€13k▲
Profit (loss) brought forward from the previous period14P€10k€-3k▼
The notes to these accounts (7 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-13k ▼233%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Eupen · 1 establishment unit since 2019
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.
Auf'm Rain 21A4700 Eupen1 establishment unit
PHYSIONALIX
since 20192.288.788.046
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CARBONE
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Gijser
BE 0739.711.607
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Tijl Projects
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Kampenhout · Eq €31,051
Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,408 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
Founded06-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
02100Forestry and logging
42110Construction of roads and motorways
43110Demolition
43120Site preparation
43223Specialised construction activities
43310Plastering work
43910Bricklaying and masonry work
43990Other specialised construction activities
47521Retail sale of hardware, building materials, paint and glass (general range)
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
85510Sports and recreation education
85599Other education
86951Physiotherapy
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filings
Scores and ratios are computed by Checked and are not a credit decision.