PHILLE & CO
ActiveSummary
PHILLE & CO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127k and a net result of €6k. Equity is growing by ~68.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▼-2
Solvency48▼-25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 10.94 against 7.16 in 2024; short-term debt: 9.1% and cash: 0.2% of total assets), but 76.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
23.2%
Return on assets
1.1%
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 03-06-2026, 58 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
58 d early
2024
51 d early
2023
33 d early
2022
53 d early
2021
32 d early
2020
52 d early
2019
15 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
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0▼ 100%
2022 · €30.63M
2018: €0
2022: €30.63M
2018 → 2023
EBIT margin
33.2%
Net result
€6k▼ 60.4%
2024 · €16k
2018: €-3k
2019: €-2k
2020: €-4k
2021: €4k
2022: €7.73M
2023: €166k
2024: €16k
2018 → 2025
Working capital
€499k▼ 33.5%
2024 · €751k
2018: €16k
2019: €437k
2020: €881k
2021: €141k
2022: €7.87M
2023: €632k
2024: €751k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€30.63M€0▼ 100%
Equity€63k-€7.79M▲ 12,239%€555k▼ 92.9%€421k▼ 24.2%€127k▼ 69.8%
Operating result€-4k-€10.17M€110k▼ 98.9%€2k▼ 98.1%€-2k
Net result€4k-€7.73M▲ 188,659%€166k▼ 97.8%€16k▼ 90.5%€6k▼ 60.4%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €549k
Equity
€127k ▼ 69.8%
Debt
€422k ▼ 6.6%
Debt's share of the balance-sheet total rises from 51.8% to 76.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
10.94▲
2024 · 7.16
Quick ratio
5.27▲
2024 · 5.09
Debt to equity
3.31▲
2024 · 1.07
ROE
4.9%▲
2024 · 3.8%
ROA
1.1%▼
2024 · 1.8%
Debt ≤ 1 year
€50k▼
2024 · €122k
Debt > 1 year
€258k▲
2024 · €234k
Income taxes
€2k▼
2024 · €9k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€873k€549k▼
Current assets29/58€873k€549k▼
Stocks and contracts in progress3€252k€285k▲
Stocks30/36€252k€285k▲
Property held for sale35€252k€285k▲
Amounts receivable within one year40/41€330k€257k▼
Trade receivables40€25k€25k▼
Other amounts receivable41€305k€232k▼
Cash at bank and in hand54/58€1k€959▼
Deferred charges and accrued income490/1€290k€7k▼
Equity and liabilities
Total equity and liabilities10/49€873k€549k▼
Equity10/15€421k€127k▼
Contributions10/11€69k€69k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Outside capital11€7k€7k=
Other1109/19€7k€7k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€346k€53k▼
Amounts payable17/49€452k€422k▼
Amounts payable after more than one year17€234k€258k▲
Financial debts170/4€234k€258k▲
Other loans174€234k€258k▲
Amounts payable within one year42/48€122k€50k▼
Trade debts44€55k€41k▼
Suppliers440/4€55k€41k▼
Taxes, remuneration and social security45€67k€9k▼
Taxes450/3€67k€9k▼
Accrued charges and deferred income492/3€96k€114k▲
Income statement
Code20242025
Operating income70/76A€25k€15k▼
Change in stocks of work in progress, finished goods and contracts in progress71€25k€15k▼
Other operating income74€0-
Non-recurring operating income76A€0-
Operating charges60/66A€22k€17k▼
Goods for resale, raw materials and consumables60€20k€15k▼
Purchases600/8€20k€15k▼
Services and other goods61€2k€2k▼
Other operating charges640/8€1k€528▼
Operating profit (loss)9901€2k€-2k▼
Financial income75/76B€23k€11k▼
Recurring financial income75€23k€11k▼
Income from current assets751€23k€11k▼
Other financial income752/9€129€0▼
Financial charges65/66B€381€624▲
Recurring financial charges65€381€624▲
Debt charges650€0€0▼
Other financial charges652/9€381€624▲
Profit (loss) for the period before taxes9903€25k€9k▼
Income taxes67/77€9k€2k▼
Taxes670/3€9k€2k▼
Profit (loss) for the period9904€16k€6k▼
Profit (loss) for the period to be appropriated9905€16k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€496k€353k▼
Profit (loss) brought forward from the previous period14P€480k€346k▼
Profit to be distributed694/7€150k€300k▲
Return on contributions (dividend)694€150k€300k▲
The notes to these accounts (21 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
29-07
State Gazette act
Reappointments: Davy Demuynck, Kristof Vanfleteren and Paul ThiersDirector discharge · Mandate compensation10 facts ▸
State Gazette act
Reappointments: Davy Demuynck, Kristof Vanfleteren and Paul Thiers
Director discharge · Mandate compensation10 facts ▸
- General meeting, 13/05/2026
- Director reappointment, Davy Demuynck (director)
- Director reappointment, Kristof Vanfleteren (director)
- Director reappointment, Paul Thiers (director)
- Director discharge, Davy Demuynck
- Director discharge, Kristof Vanfleteren
- Director discharge, Paul Thiers
- Mandate compensation, Davy Demuynck
- Mandate compensation, Kristof Vanfleteren
- Mandate compensation, Paul Thiers
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €7.73M ▲188659%
Operating result €10.17M, net result €7.73M, both a record.
31-12
Financial
Liquidity times 7current ratio 6.70
Current ratio from 1.01 to 6.70; short-term debt falls from €10.49M to €1.38M.
31-12
Financial
Equity above €5MEq €7.79M ▲12239%
2 profitable years in a row build equity to €7.79M.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26097760). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Davy DEMUYNCK
CurrentDirector · since 13-05-2026
Kristof VANFLETEREN
CurrentDirector · since 13-05-2026
THIERS Paul
CurrentDirector · since 13-05-2026
13-05-2026
Davy DEMUYNCK: Mandate renewed as Director
13-05-2026
Kristof VANFLETEREN: Mandate renewed as Director
13-05-2026
THIERS Paul: Mandate renewed as Director
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2017
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.
Vredestraat 538790 WaregemGround area
1.1 ha
Building footprint
581 m²
Volume, LiDAR
520 m³
Parcel 34452B1150/00A000, Flanders · tallest building 5.1 m. Linked by address, not a title deed.
1 establishment unit
Phille & Co
since 20172.263.377.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 581 m² | 5.1 m |
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.
Structure & network
Connections & network
12 connected companiesLinked via shared directors
via Davy DEMUYNCK · Director
→
→
→
via Davy DEMUYNCK and Kristof VANFLETEREN · Non-statutory director
→
Show 8 more companies with a shared director
→
via Davy DEMUYNCK and Kristof VANFLETEREN · Director
→
via THIERS Paul · Permanent representative
→
via THIERS Paul · A4 bestuurder
→
→
via Davy DEMUYNCK and Kristof VANFLETEREN
→
via Davy DEMUYNCK · Permanent representative
→
via THIERS Paul · Independent director
former→
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Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,345 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 formPublic limited company
Founded06-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.