PHYSIOVITH
ActiveSummary
PHYSIOVITH has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €407k and a net result of €110k. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 637 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+3
Solvency68▲+4
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 11.4 against 12.69 in 2024; short-term debt: 7.8% and cash: 44.7% of total assets), but 56.6% of the assets are financed with debt.
Credit advice 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 · 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 →
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 · 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
43.4%
Return on assets
11.7%
Age of the figures
9 mo
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 04-06-2026, 57 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
57 d early
2024
29 d early
2023
36 d early
2022
34 d early
2021
44 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
€110k▲ 58.8%
2024 · €69k
2021: €87k
2022: €62k
2023: €55k
2024: €69k
2021 → 2025
Working capital
€756k▲ 30.7%
2024 · €579k
2021: €402k
2022: €436k
2023: €466k
2024: €579k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€112k-€173k▲ 55.1%€228k▲ 31.7%€297k▲ 30.2%€407k▲ 36.9%
Operating result€127k-€85k▼ 33.0%€80k▼ 6.3%€100k▲ 24.8%€144k▲ 44.3%
Net result€87k-€62k▼ 29.1%€55k▼ 10.7%€69k▲ 25.6%€110k▲ 58.8%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 44% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €938k
Fixed assets
€109k ▼ 12.7%
Current assets
€829k ▲ 31.9%
Equity and liabilities €938k
Equity
€407k ▲ 36.9%
Debt
€531k ▲ 16.5%
Debt's share of the balance-sheet total falls from 60.5% to 56.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€164k▲
2024 · €118k
Cash flow
€130k▲
2024 · €88k
Current ratio
11.40▼
2024 · 12.69
Debt to equity
1.30▼
2024 · 1.53
ROE
26.9%▲
2024 · 23.2%
ROA
11.7%▲
2024 · 9.2%
Interest coverage
188.25▲
2024 · 116.99
Debt ≤ 1 year
€73k▲
2024 · €50k
Debt > 1 year
€30k▼
2024 · €42k
Income taxes
€48k▲
2024 · €32k
Staff costs
€92k▲
2024 · €90k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€753k€938k▲
Fixed assets21/28€125k€109k▼
Intangible fixed assets21€978-
Tangible fixed assets22/27€96k€81k▼
Plant, machinery and equipment23€94k€80k▼
Furniture and vehicles24€2k€767▼
Financial fixed assets28€28k€28k=
Current assets29/58€628k€829k▲
Amounts receivable within one year40/41€263k€292k▲
Trade receivables40€263k€292k▲
Current investments50/53€210k€110k▼
Cash at bank and in hand54/58€149k€419k▲
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€753k€938k▲
Equity10/15€297k€407k▲
Contributions10/11€25k€25k=
Reserves13€272k€382k▲
Distributable reserves133€272k€382k▲
Amounts payable17/49€456k€531k▲
Amounts payable after more than one year17€42k€30k▼
Financial debts170/4€42k€30k▼
Amounts payable within one year42/48€50k€73k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€8k€5k▼
Suppliers440/4€8k€5k▼
Taxes, remuneration and social security45€30k€56k▲
Taxes450/3€14k€34k▲
Remuneration and social security454/9€16k€22k▲
Accrued charges and deferred income492/3€364k€428k▲
Income statement
Code20242025
Remuneration, social security and pensions62€90k€92k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€20k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Other operating charges640/8€1k€3k▲
Gross operating margin9900€210k€261k▲
Operating profit (loss)9901€100k€144k▲
Financial income75/76B€2k€15k▲
Recurring financial income75€2k€15k▲
Financial charges65/66B€1k€871▼
Recurring financial charges65€1k€871▼
Profit (loss) for the period before taxes9903€101k€158k▲
Income taxes67/77€32k€48k▲
Profit (loss) for the period9904€69k€110k▲
Profit (loss) for the period to be appropriated9905€69k€110k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€110k▲
Transfer to equity691/2€69k€110k▲
To other reserves6921€69k€110k▲
Social balance
Average headcount (FTE)90871.21.2=
The notes to these accounts (11 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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2021net €110k ▲58.8%
Operating result €144k, net result €110k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 12.69
Current ratio from 5.95 to 12.69; short-term debt falls from €94k to €50k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €55k ▼10.7%
Net result drops to €55k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €228k ▲31.7%
3 profitable years in a row build equity to €228k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €150kEq €173k ▲55.1%
2 profitable years in a row build equity to €173k.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
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, Sankt Vith · 1 establishment unit since 2021
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.
Klosterstrasse 94780 Sankt Vith1 establishment unit
PHYSIOVITH
since 20212.312.756.251
Similar companies · same sector, comparable size
SK KINE
BE 0895.850.230
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TIM TAELMAN
BE 0715.942.548
Waregem · Eq €402k
A'SPECT
BE 0509.956.219
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ELI WINDEY
BE 0824.506.037
Beveren-Kruibeke-Zwijndrecht · Eq €415k
BO-REVAL
BE 0885.922.279
Dilbeek · Eq €399k
Of 12,686 companies in sector 86951 we hold annual accounts for 2,142. 1,206 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
Founded13-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
68203Renting and operating of own or leased non-residential real estate, excluding land
85510Sports and recreation education
85599Other education
86995Nutrition and dietetics services
93130Fitness centres
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filings
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.physiovith.be
E-mail:info@physiovith.be