Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 4.1 to 2.9.
Financials
Financial year 2025
PHIBA from Menen, company number BE0450697929, closed financial year 2025 with a result of € -365,768 after tax. For that financial year PHIBA recorded revenue of € 230,405 and equity of € 35,232. Compared with financial year 2025, the result moved from € 1.9 million to € -365,768. The company made a loss. The buffer shrank hard: equity is 91 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 35,232
▼ 91% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -365,768
▼ still € 1.9 million profit in 2025
Profit after tax over the fiscal year.
€ 46,563
▲ 7% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -26,768.
People and assets in 2025
2.9
▼ 0.5 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 74,475
▼ 56% vs 2025
€ 25,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 154
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 125,000
Loans from banks and other lenders, long and short.
€ 124,880
▲ 46% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 91 days on average.
€ 39,093
▲ 2% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2025 | Change 2025 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,257,275 | € 4,064,675 | € 3,202,451 | € 230,405 | ▼ 93% |
| Profit after taxes | € 12,660,307 | € 3,186,078 | € 1,931,735 | € -365,768 | ▼ € 2.3 million |
| Equity | € 398,187 | € 399,265 | € 401,000 | € 35,232 | ▼ 91% |
| Total debts | € 23,544,893 | € 5,586,384 | € 8,008,440 | € 8,405,419 | ▲ 5% |
| Cash | € 18,746 | € 9,559 | € 43,371 | € 46,563 | ▲ 7% |
| Land & buildings | € 10,281 | € 9,059 | € 7,836 | € 7,225 | ▼ 8% |
| Retained profit | € 336,187 | € 337,265 | € 339,000 | € -26,768 | ▼ € 365,768 |
| Dividend | € 12,345,000 | € 3,185,000 | € 1,930,000 | € 0 | ▼ 100% |
| Bank debt | € 125,000 | € 125,000 | € 125,000 | € 125,000 | |
| Balance sheet total | € 23,943,080 | € 5,985,648 | € 8,409,440 | € 8,440,651 | |
| Employees (FTE) | 3.4 | 4.1 | 3.4 | 2.9 | ▼ 0.5 |
Key figures of PHIBA, fiscal years 2023 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 PHIBA?
What happened at PHIBA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- JUVENTAS & ASSOCIES SCOMM stepped down as director. NBB
- Bo Fievez stepped down as director. NBB
- BEHEER FIEBEY COMMV stepped down as director. NBB
- Seniorie Minneveld BV stepped down as director. NBB
- HELIOPOLIS NV stepped down as director. NBB
- HELIOS BV stepped down as director. NBB
- GABO COMMV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.9 million (▼ 39% vs 2024). Source: NBB ↗
In short
From € 12.7 million profit in 2023 to € 365,768 loss in 2025.
Paid € 3,417 in corporate taxes since 2023.
Best year ever: 2023, with € 12.7 million profit.
Paid out € 17.5 million in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Director · represented by Gaënne Trui Fievez
Also active at: VABO PHARMA, De Rote, LEIEZICHT, SENIORIE STEPHANIE, RUSTHUIS STRIJLAND, DAYAM, RESIDENCE MARIE - ASTRID, ACROPOLYS +19 more
since 2017 · until 2031
Bo Fievez
Director
since 2022 · until 2031
Director · represented by Thierry Fievez
Also active at: VABO PHARMA, De Rote, LEIEZICHT, SENIORIE STEPHANIE, RUSTHUIS STRIJLAND, DAYAM, RESIDENCE MARIE - ASTRID, ACROPOLYS +24 more
since 2013 · until 2031
Director · represented by Daniël Beyens
since 2023 · until 2031
Director · represented by Sven Beyens
Also active at: De Rote, LEIEZICHT, SENIORIE STEPHANIE, RUSTHUIS STRIJLAND, DAYAM, RESIDENCE MARIE - ASTRID, ACROPOLYS, DOVER +16 more
since 2017 · until 2031
Director · represented by Jurgen Beyens
Also active at: De Rote, LEIEZICHT, SENIORIE STEPHANIE, RUSTHUIS STRIJLAND, DAYAM, RESIDENCE MARIE - ASTRID, ACROPOLYS, DOVER +20 more
since 2013 · until 2031
Director · represented by Trui Beyens
Also active at: De Rote, LEIEZICHT, SENIORIE STEPHANIE, RUSTHUIS STRIJLAND, DAYAM, RESIDENCE MARIE - ASTRID, ACROPOLYS, DOVER +21 more
since 2013 · until 2031
Establishments
Establishment units
Physical locations of this company
Kortrijkstraat 220-224
8930 Menen
Overheulestraat 235
8560 Wevelgem
Active since 1 December 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.697.929
- VAT number
- BE 0450.697.929
- Registered office
- Kortrijkstraat 220-224, 8930 Menen
- Names & denominations
- PHIBA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 August 1993
- Peppol
- Active · Active since 18 Dec 2024
- Activities · NACE
Exploitatie van sportaccommodaties
Fokken en houden van paarden en andere paardachtigen
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