PHYSIOSPORT
ActivePHYSIOSPORT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €81k. Equity is shrinking by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 12% of 16377 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency5▲+1
Growth58=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.44 in 2024), and 93.2% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← 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
6.8%
Return on assets
26.7%
Age of the figures
8 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 16377 sector peers (2025).
NBB · sector comparisonPosition among 16377 sector peers
Solvency
better than 12%
← 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 13-07-2026, 18 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
18 d early
2024
11 d late
2023
26 d late
2022
14 d late
2021
60 d late
2020
10 d late
2019
25 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€182k▲ 40.2%
2020 · €130k
2019: €156k
2020: €130k
2019 → 2023
EBIT margin
15.2%▼ 19.2pp
2020 · 34.4%
2019: 24.8%
2020: 34.4%
2019 → 2023
Net result
€81k▲ 1.9%
2024 · €79k
2019: €29k
2020: €33k
2021: €45k
2022: €51k
2023: €16k
2024: €79k
2019 → 2025
Working capital
€-108k▲ 1.0%
2024 · €-109k
2019: €-17k
2020: €14k
2021: €52k
2022: €-47k
2023: €-84k
2024: €-109k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€182k
Equity€126k-€20k▼ 83.7%€20k=€20k=€20k=
Operating result€64k-€75k▲ 16.9%€28k▼ 63.0%€109k▲ 293%€107k▼ 2.1%
Net result€45k-€51k▲ 12.5%€16k▼ 69.5%€79k▲ 408%€81k▲ 1.9%
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 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €302k
Fixed assets
€254k▼ 13.3%
Current assets
€49k▼ 43.0%
Equity and liabilities €302k
Equity
€20k=
Debt
€282k▼ 21.2%
The debt ratio falls from 94.6% to 93.2%: debt is paid down.
Key figures and ratios
EBITDA
€143k▼
2024 · €147k
Cash flow
€117k▲
2024 · €117k
Solvency
6.8%▲
2024 · 5.4%
Current ratio
0.31▼
2024 · 0.44
Quick ratio
0.31▼
2024 · 0.44
Debt / equity
13.77▼
2024 · 17.46
ROE
393.6%▲
2024 · 386.2%
ROA
26.7%▲
2024 · 20.9%
Interest coverage
22.74▲
2024 · 20.07
Debt
€282k▼
2024 · €357k
Debt ≤ 1 year
€157k▼
2024 · €195k
Debt > 1 year
€125k▼
2024 · €163k
Income taxes
€20k▼
2024 · €23k
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€378k€302k▼
Fixed assets21/28€292k€254k▼
Tangible fixed assets22/27€292k€254k▼
Land and buildings22€131k€121k▼
Plant, machinery and equipment23€149k€128k▼
Furniture and vehicles24€13k€4k▼
Current assets29/58€85k€49k▼
Amounts receivable after more than one year29€21k€21k=
Trade receivables290€21k€21k=
Amounts receivable within one year40/41€52k€15k▼
Other amounts receivable41€52k€15k▼
Cash at bank and in hand54/58€5k€7k▲
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€378k€302k▼
Equity10/15€20k€20k=
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Amounts payable17/49€357k€282k▼
Amounts payable after more than one year17€163k€125k▼
Financial debts170/4€163k€125k▼
Amounts payable within one year42/48€195k€157k▼
Current portion of amounts payable after more than one year42€36k€38k▲
Trade debts44€356€641▲
Suppliers440/4€356€641▲
Other amounts payable47/48€158k€118k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€37k▼
Other operating charges640/8€5k€5k▼
Gross operating margin9900€152k€148k▼
Operating profit (loss)9901€109k€107k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€102k€100k▼
Income taxes67/77€23k€20k▼
Profit (loss) for the period9904€79k€81k▲
Profit (loss) for the period to be appropriated9905€79k€81k▲
Appropriation of the result
Profit (loss) to be appropriated9906€79k€81k▲
Profit to be distributed694/7€79k€81k▲
Return on contributions (dividend)694€79k€81k▲
The notes to these accounts (9 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €81k ▲1.9%
Net result €81k, the highest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €16k ▼69.5%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Equity above €100kEq €126k ▲56.2%
3 profitable years in a row build equity to €126k.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Liquidity times 7current ratio 1.54
Current ratio from 0.22 to 1.54.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 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, Liège · 2 establishment units since 2018
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 Fond-des-Tawes 4004000 LiègeGround area
839 m²
Building footprint
141 m²
Volume, LiDAR
1,125 m³
2 parcels, Wallonia · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
PHYSIOSPORT
since 20182.279.162.973
Chaussée de Tongres 188, 4000 Liège
since 20192.306.197.170
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62087B0225/00K000 | Wallonia | 692 m² | 1 · 94 m² | 10.1 m · 3 fl. |
| 62812B1419/00M002 | Wallonia | 147 m² | 1 · 47 m² | 13.0 m · 3 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 12,684 companies in sector 86951 we hold annual accounts for 2,135. 1,838 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-08-2018
Fiscal year end31-12
Activities, NACEBEL
86905Human health activities
86951Physiotherapy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.