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 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PHINCO from Waterloo, company number BE0459710318, closed financial year 2025 with a result of € 140,893 after tax. For that financial year PHINCO recorded a gross margin of € 191,353 and equity of € 2.8 million. Compared with financial year 2024, the result moved from € 145,088 to € 140,893. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 2.8 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 140,893
▼ 3% vs 2024
Profit after tax over the fiscal year.
€ 208,472
▲ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.4 million.
People and assets in 2025
€ 2,220
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 13,795
▼ 33% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 163,474 | € 190,539 | € 196,522 | € 191,353 | ▼ 3% |
| Profit after taxes | € 121,409 | € 141,050 | € 145,088 | € 140,893 | ▼ 3% |
| Equity | € 2,325,201 | € 2,466,252 | € 2,611,340 | € 2,752,233 | ▲ 5% |
| Total debts | € 594,092 | € 522,437 | € 439,887 | € 350,943 | ▼ 20% |
| Cash | € 48,435 | € 114,873 | € 165,066 | € 208,472 | ▲ 26% |
| Retained profit | € 997,286 | € 1,138,337 | € 1,283,425 | € 1,424,318 | ▲ 11% |
| Balance sheet total | € 2,919,293 | € 2,988,689 | € 3,051,227 | € 3,103,176 | ▲ 2% |
Key figures of PHINCO, 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 PHINCO?
What happened at PHINCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 140,893 (▼ 3% vs 2024). Source: NBB ↗
- Phlippe NIVELLES became a director. NBB
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 121,409 profit in 2022 to € 140,893 profit in 2025.
Paid € 185,189 in corporate taxes since 2022.
Best year ever: 2024, with € 145,088 profit.
Management
Behind PHINCO is Phlippe NIVELLES.
Directors
According to the 2025 annual accounts
Phlippe NIVELLES
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Clos du Pré Fichin 2
1410 Waterloo
Luitenant Lotinstraat 21
1190 Vorst
Active since 13 March 1997
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.710.318
- VAT number
- BE 0459.710.318
- Registered office
- Clos du Pré Fichin 2, 1410 Waterloo
- Names & denominations
- PHINCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 January 1997
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
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