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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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
PhysIOL Group from Liège, company number BE0631900164, closed financial year 2025 with a result of € 3.9 million after tax. Compared with financial year 2024, the result moved from € 72.3 million to € 3.9 million. 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 30, 2026.
€ 212.9 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.9 million
▼ 95% vs 2024
Profit after tax over the fiscal year.
€ 65,028
▲ 273% 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 € 132.9 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 468,179
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 466 days on average.
€ 254,899
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 227,085 | € 282,216 | € 72,332,532 | € 3,928,853 | ▼ 95% |
| Equity | € 136,391,523 | € 136,673,739 | € 209,006,271 | € 212,935,123 | ▲ 2% |
| Total debts | € 58,804,091 | € 65,661,563 | € 1,988,454 | € 2,701,806 | ▲ 36% |
| Cash | € 27,582 | € 36,602 | € 17,412 | € 65,028 | ▲ 273% |
| Retained profit | € 56,388,293 | € 56,670,509 | € 129,003,041 | € 132,931,893 | ▲ 3% |
| Bank debt | € 4,000,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 195,195,614 | € 202,335,302 | € 210,994,725 | € 215,636,929 | ▲ 2% |
Key figures of PhysIOL Group, 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 PhysIOL Group?
What happened at PhysIOL Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- James Richard Hollingshead stepped down as director. NBB
- Denis Hazée stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.9 million (▼ 95% vs 2024). Source: NBB ↗
- Jean-Nicolas Fassin stepped down as director. NBB
- James Richard Hollingshead became a director. NBB
- Denis Hazée became a director. NBB
- Jean-Nicolas Fassin became a director. NBB
- New establishment in Liège. KBO
In short
From € 227,085 profit in 2022 to € 3.9 million profit in 2025.
Paid € 254,899 in corporate taxes since 2022.
Best year ever: 2024, with € 72.3 million profit.
A new publication or filing at PhysIOL Group? 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
It owns 100% of Optikon, 100% of Beaver-Visitec International Italy srl, 99.9% of PhysIOL SA and 30.5% of PhysIOL France SAS itself.
Establishments
Establishment units
Physical locations of this company
Allée des Noisetiers 4
4031 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0631.900.164
- VAT number
- BE 0631.900.164
- Registered office
- Allée des Noisetiers 4, 4031 Liège
- Names & denominations
- PhysIOL Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 2015
- Peppol
- Not registered
- Activities · NACE
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