What does PHICAP PROPERTY MANAGEMENT do?

PHICAP PROPERTY MANAGEMENT is a property manager in Watermaal-Bosvoorde. Private Limited, started on 14 February 2013, 1 establishment.

What is the address of PHICAP PROPERTY MANAGEMENT?

The registered office of PHICAP PROPERTY MANAGEMENT is located at Vorstlaan 100, 1170 Watermaal-Bosvoorde.

Is PHICAP PROPERTY MANAGEMENT still active?

Yes. According to the CBE (16 September 2026) PHICAP PROPERTY MANAGEMENT is active, legal situation “Normale toestand”, started on 14 February 2013.

Is PHICAP PROPERTY MANAGEMENT registered on Peppol?

Yes, PHICAP PROPERTY MANAGEMENT is registered on the Peppol network with ID 0208:0504917959.

What is the enterprise number of PHICAP PROPERTY MANAGEMENT?

The enterprise number of PHICAP PROPERTY MANAGEMENT is BE0504917959.

When was PHICAP PROPERTY MANAGEMENT founded?

PHICAP PROPERTY MANAGEMENT was founded on 14 February 2013.

Who are the directors of PHICAP PROPERTY MANAGEMENT?

According to the 2025 annual accounts, the directors of PHICAP PROPERTY MANAGEMENT are: Michael GOLDBERG.

Is PHICAP PROPERTY MANAGEMENT a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 14 February 2013; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did PHICAP PROPERTY MANAGEMENT make in 2025?

PHICAP PROPERTY MANAGEMENT posted a profit after taxes of € 65,488 in financial year 2025.

What is the revenue of PHICAP PROPERTY MANAGEMENT?

As a small company, PHICAP PROPERTY MANAGEMENT is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,904,915.

How much does an employee at PHICAP PROPERTY MANAGEMENT earn?

The average wage cost per full-time employee at PHICAP PROPERTY MANAGEMENT was € 72,500 in 2025: staff costs of € 1.7 million for 22.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does PHICAP PROPERTY MANAGEMENT have?

According to the 2025 annual accounts, PHICAP PROPERTY MANAGEMENT has 22.9 full-time equivalents (FTE).

PHICAP PROPERTY MANAGEMENT (Private Limited)

Dossier PHICAP PROPERTY MANAGEMENT, printed on 16 September 2026 from databakkes.be/en/0504917959/phicap-property-management. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

40 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

PHICAP PROPERTY MANAGEMENT from Watermaal-Bosvoorde, company number BE0504917959, closed financial year 2025 with a result of € 65,488 after tax. For that financial year PHICAP PROPERTY MANAGEMENT recorded a gross margin of € 1.9 million and equity of € 122,556. Compared with financial year 2024, the result moved from € 150,351 to € 65,488. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 3, 2026.

What it is worth Growing

€ 122,556

▲ 115% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 65,488

▼ 56% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 47,032

▼ 98% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 115,634.

People and assets in 2025

Full-time equivalents

22.9

▲ 8.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.7 million

▲ 10% vs 2024

€ 72,500 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.

Vehicles and equipment

€ 16,451

▼ 33% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 786,039

▲ 50% vs 2024

€ 378,875 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 227,793

▼ 92% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 171,350

▼ 13% vs 2024

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 861,513 Gross margin 2022: € 861,513 First fiscal year in the series	€ 1,499,134 Gross margin 2023: € 1,499,134 ▲ 74% vs 2022 (€ 861,513) Favourable step	€ 1,768,049 Gross margin 2024: € 1,768,049 ▲ 18% vs 2023 (€ 1,499,134) Favourable step	€ 1,904,915 Gross margin 2025: € 1,904,915 ▲ 8% vs 2024 (€ 1,768,049) Favourable step	▲ 8%
Profit after taxes	€ -12,784 Profit after taxes 2022: € -12,784 First fiscal year in the series	€ 136,116 Profit after taxes 2023: € 136,116 ▲ € 148,900 vs 2022 (€ -12,784) Favourable step	€ 150,351 Profit after taxes 2024: € 150,351 ▲ 10% vs 2023 (€ 136,116) Favourable step	€ 65,488 Profit after taxes 2025: € 65,488 ▼ 56% vs 2024 (€ 150,351) Unfavourable step	▼ 56%
Equity	€ 404,339 Equity 2022: € 404,339 First fiscal year in the series	€ 181,718 Equity 2023: € 181,718 ▼ 55% vs 2022 (€ 404,339) Unfavourable step	€ 57,068 Equity 2024: € 57,068 ▼ 69% vs 2023 (€ 181,718) Unfavourable step	€ 122,556 Equity 2025: € 122,556 ▲ 115% vs 2024 (€ 57,068) Favourable step	▲ 115%
Total debts	€ 3,230,938 Total debts 2022: € 3,230,938 First fiscal year in the series	€ 6,167,310 Total debts 2023: € 6,167,310 ▲ 91% vs 2022 (€ 3,230,938) Unfavourable step	€ 6,239,310 Total debts 2024: € 6,239,310 ▲ 1% vs 2023 (€ 6,167,310) Unfavourable step	€ 1,740,710 Total debts 2025: € 1,740,710 ▼ 72% vs 2024 (€ 6,239,310) Favourable step	▼ 72%
Cash	€ 807,580 Cash 2022: € 807,580 First fiscal year in the series	€ 1,982,159 Cash 2023: € 1,982,159 ▲ 145% vs 2022 (€ 807,580) Favourable step	€ 1,999,409 Cash 2024: € 1,999,409 ▲ 1% vs 2023 (€ 1,982,159) Favourable step	€ 47,032 Cash 2025: € 47,032 ▼ 98% vs 2024 (€ 1,999,409) Unfavourable step	▼ 98%
Retained profit	€ 372,625 Retained profit 2022: € 372,625 First fiscal year in the series	€ 174,795 Retained profit 2023: € 174,795 ▼ 53% vs 2022 (€ 372,625) Unfavourable step	€ 50,146 Retained profit 2024: € 50,146 ▼ 71% vs 2023 (€ 174,795) Unfavourable step	€ 115,634 Retained profit 2025: € 115,634 ▲ 131% vs 2024 (€ 50,146) Favourable step	▲ 131%
Dividend	€ 10,000 Dividend 2022: € 10,000 First fiscal year in the series	€ 100,000 Dividend 2023: € 100,000 ▲ € 90,000 vs 2022 (€ 10,000) Unchanged	€ 275,000 Dividend 2024: € 275,000 ▲ 175% vs 2023 (€ 100,000) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 275,000) Unchanged	▼ 100%
Bank debt	€ 746,885 Bank debt 2022: € 746,885 First fiscal year in the series	€ 430,716 Bank debt 2023: € 430,716 ▼ 42% vs 2022 (€ 746,885) Favourable step	€ 524,183 Bank debt 2024: € 524,183 ▲ 22% vs 2023 (€ 430,716) Unfavourable step	€ 786,039 Bank debt 2025: € 786,039 ▲ 50% vs 2024 (€ 524,183) Unfavourable step	▲ 50%
Balance sheet total	€ 3,639,649 Balance sheet total 2022: € 3,639,649 First fiscal year in the series	€ 6,349,028 Balance sheet total 2023: € 6,349,028 ▲ 74% vs 2022 (€ 3,639,649) Unchanged	€ 6,296,379 Balance sheet total 2024: € 6,296,379 ▼ 1% vs 2023 (€ 6,349,028) Unchanged	€ 1,863,266 Balance sheet total 2025: € 1,863,266 ▼ 70% vs 2024 (€ 6,296,379) Unchanged	▼ 70%
Employees (FTE)	11.3 Employees (FTE) 2022: 11.3 First fiscal year in the series	16.6 Employees (FTE) 2023: 16.6 ▲ 5.3 vs 2022 (11.3) Unchanged	14.3 Employees (FTE) 2024: 14.3 ▼ 2.3 vs 2023 (16.6) Unchanged	22.9 Employees (FTE) 2025: 22.9 ▲ 8.6 vs 2024 (14.3) Unchanged	▲ 8.6

Key figures of PHICAP PROPERTY MANAGEMENT, 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 PHICAP PROPERTY MANAGEMENT?

What happened at PHICAP PROPERTY MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 3, 2026 New annual accounts for financial year 2025: profit of € 65,488 (▼ 56% vs 2024). filed late Source: NBB ↗
Feb 14, 2013 Start of the company according to the CBE. KBO
Feb 13, 2013 New establishment in Watermaal-Bosvoorde. KBO
2013 Michael GOLDBERG became a director. NBB

In short

From € 12,784 loss in 2022 to € 65,488 profit in 2025.

Paid € 214,999 in corporate taxes since 2022.

Best year ever: 2024, with € 150,351 profit.

On average € 83,200 of value added per employee in 2025.

Original PDFs at the National Bank ↗

A new publication or filing at PHICAP PROPERTY MANAGEMENT? We notify you, reason included.

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My folder 3 companies

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

Real filings at the National Bank

Management

Phicap Group 100%

The stake of Phicap Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

PHICAP PROPERTY MANAGEMENT

SOGESMAINT 100%

Behind PHICAP PROPERTY MANAGEMENT is Michael GOLDBERG. The shares are held by Phicap Group (100%). It owns 100% of SOGESMAINT itself.

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Directors

According to the 2025 annual accounts

Michael GOLDBERG

Director

Also active at: Arts 44, Smovin, Maritiem Huis, PHICAP PROJECT MANAGEMENT

since 2013

Shareholders

Phicap Group

100%

Participations

SOGESMAINT

100%

Establishments

Establishment units

Physical locations of this company

Registered office

Vorstlaan 100

1170 Watermaal-Bosvoorde

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 40 companies are registered at this address.

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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

0504.917.959

VAT number

BE 0504.917.959

Registered office

Vorstlaan 100, 1170 Watermaal-Bosvoorde

Names & denominations

PHICAP PROPERTY MANAGEMENT · PHICAP PROPERTY

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

14 February 2013

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Activiteiten van syndici van onroerend goed

Diverse ondersteunende activiteiten ten behoeve van voorzieningen

Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗