Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PHV from Gent, company number BE0438315185, closed financial year 2025 with a result of € -80,768 after tax. For that financial year PHV recorded a gross margin of € 311,651 and equity of € 2.1 million. Compared with financial year 2024, the result moved from € 81,533 to € -80,768. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 2.1 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -80,768
▼ still € 81,533 profit in 2024
Profit after tax over the fiscal year.
€ 242,618
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2 million.
People and assets in 2025
€ 32,335
▼ 14% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 36,578
▼ 51% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▼ 9% vs 2024
€ 159,010 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 235,138
▲ 110% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,583
▼ 45% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 424,096 | € 652,985 | € 567,312 | € 311,651 | ▼ 45% |
| Profit after taxes | € -95,289 | € 190,680 | € 81,533 | € -80,768 | ▼ € 162,301 |
| Equity | € 1,978,845 | € 2,169,525 | € 2,230,778 | € 2,138,875 | ▼ 4% |
| Total debts | € 2,909,903 | € 2,589,210 | € 2,292,420 | € 2,163,198 | ▼ 6% |
| Cash | € 213,624 | € 444,733 | € 468,319 | € 242,618 | ▼ 48% |
| Land & buildings | € 3,609,918 | € 3,419,734 | € 3,244,056 | € 3,087,845 | ▼ 5% |
| Retained profit | € 1,793,345 | € 1,984,025 | € 2,045,278 | € 1,953,375 | ▼ 4% |
| Bank debt | € 2,035,130 | € 1,730,753 | € 1,443,953 | € 1,308,567 | ▼ 9% |
| Balance sheet total | € 5,034,942 | € 4,891,895 | € 4,646,218 | € 4,415,219 | ▼ 5% |
Key figures of PHV, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PHV?
What happened at PHV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- RACINE BV stepped down as director. NBB
- Dimitri De Cuyper stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 80,768 (▼ € 162,301 vs 2024). filed late Source: NBB ↗
- RACINE BV became a director. NBB
- Dimitri De Cuyper became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 95,289 loss in 2022 to € 80,768 loss in 2025.
Paid € 97,766 in corporate taxes since 2022.
Best year ever: 2023, with € 190,680 profit.
A new publication or filing at PHV? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Director · represented by Fanny Van Herzeele
since 2022 · until 2027
since 2022 · until 2027
Establishments
Establishment units
Physical locations of this company
Nederkouter 124
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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ALFINEX
€ 0 gross margin · 2025
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.315.185
- VAT number
- BE 0438.315.185
- Registered office
- Nederkouter 124, 9000 Gent
- Names & denominations
- PHV
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 September 1989
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Handel in eigen onroerend goed