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 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PHIRO from Merchtem, company number BE0460424851, closed financial year 2025 with a result of € 74,123 after tax. For that financial year PHIRO recorded a gross margin of € 183,291 and equity of € 311,696. Compared with financial year 2024, the result moved from € 94,811 to € 74,123. 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 May 29, 2026.
€ 311,696
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 74,123
▼ 22% vs 2024
Profit after tax over the fiscal year.
€ 89
▼ € 25,596 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 16,844 paid out
23 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 71,945
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 452,306
▲ 268% vs 2024
€ 62,158 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 15,297
▲ 110% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 28,414
▲ 3% 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 | € 86,444 | € 137,603 | € 179,376 | € 183,291 | ▲ 2% |
| Profit after taxes | € 36,351 | € 69,819 | € 94,811 | € 74,123 | ▼ 22% |
| Equity | € 120,140 | € 178,616 | € 254,417 | € 311,696 | ▲ 23% |
| Total debts | € 133,372 | € 216,187 | € 202,558 | € 515,655 | ▲ 155% |
| Cash | € 7,584 | € 27,078 | € 25,685 | € 89 | ▼ € 25,596 |
| Land & buildings | € 833 | € 558 | € 1,740 | € 409,342 | ▲ € 407,601 |
| Retained profit | € 101,548 | € 160,024 | € 235,825 | € 293,104 | ▲ 24% |
| Dividend | € 0 | € 11,344 | € 19,010 | € 16,844 | ▼ 11% |
| Bank debt | € 100,828 | € 143,688 | € 123,037 | € 452,306 | ▲ 268% |
| Balance sheet total | € 253,513 | € 394,802 | € 456,974 | € 827,351 | ▲ 81% |
Key figures of PHIRO, 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 PHIRO?
What happened at PHIRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 74,123 (▼ 22% vs 2024). Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- New establishment in Merchtem. KBO
- Start of the company according to the CBE. KBO
In short
From € 36,351 profit in 2022 to € 74,123 profit in 2025.
Paid € 132,417 in corporate taxes since 2022.
Best year ever: 2024, with € 94,811 profit.
Paid out € 47,198 in dividends to the owners in total.
Management
Behind PHIRO is Philippe Rosier. Philippe Rosier is also behind Vlaamse Sportfederatie.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Vollickstraat 18
1785 Merchtem
Burg. Frans Desmidtplein 6
8300 Knokke-Heist
Active since 30 June 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.424.851
- VAT number
- BE 0460.424.851
- Registered office
- Vollickstraat 18, 1785 Merchtem
- Names & denominations
- PHIRO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 April 1997
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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