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 8.7 to 7.4.
Financials
Financial year 2025
PHIN-FOOD from Gent, company number BE0711855284, closed financial year 2025 with a result of € 4,714 after tax. For that financial year PHIN-FOOD recorded a gross margin of € 483,451 and equity of € 206,198. Compared with financial year 2024, the result moved from € 30,926 to € 4,714. The company is profitable. The buffer shrank hard: equity is 59 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 206,198
▼ 59% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,714
▼ 85% vs 2024
Profit after tax over the fiscal year.
€ 201,464
▲ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 300,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
7.4
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 276,782
▲ 1% vs 2024
€ 37,400 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.
€ 6,117
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 124,832
▼ 61% vs 2024
€ 60,066 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 580,305
Supplier invoices still open on the last day of the fiscal year.
€ 46,143
▲ 47% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 338,108 | € 576,233 | € 515,766 | € 483,451 | ▼ 6% |
| Profit after taxes | € -51,912 | € 79,650 | € 30,926 | € 4,714 | ▼ 85% |
| Equity | € 390,908 | € 470,558 | € 501,484 | € 206,198 | ▼ 59% |
| Total debts | € 1,173,408 | € 1,130,002 | € 1,054,498 | € 1,194,345 | ▲ 13% |
| Cash | € 206,720 | € 174,038 | € 147,197 | € 201,464 | ▲ 37% |
| Land & buildings | € 19,618 | € 20,886 | € 16,465 | € 12,045 | ▼ 27% |
| Retained profit | € 215,908 | € 295,558 | € 326,484 | € 31,198 | ▼ 90% |
| Dividend | € 0 | € 0 | € 0 | € 300,000 | |
| Bank debt | € 509,728 | € 416,015 | € 316,704 | € 124,832 | ▼ 61% |
| Balance sheet total | € 1,564,315 | € 1,600,560 | € 1,555,981 | € 1,400,543 | ▼ 10% |
| Employees (FTE) | 6.4 | 8.7 | 7.9 | 7.4 | ▼ 0.5 |
Key figures of PHIN-FOOD, 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 PHIN-FOOD?
What happened at PHIN-FOOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,714 (▼ 85% vs 2024). Source: NBB ↗
- Phin-Food BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 51,912 loss in 2022 to € 4,714 profit in 2025.
Paid € 22,095 in corporate taxes since 2022.
Best year ever: 2023, with € 79,650 profit.
On average € 65,300 of value added per employee in 2025.
Management
The stake of Phin-Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PHIN-FOODBehind PHIN-FOOD is Phin-Food BV. The shares are held by Phin-Holding (100%).
Directors
According to the 2025 annual accounts
Director · represented by Inge Craeyeveld
since 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Deinse Horsweg 44
9031 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0711.855.284
- VAT number
- BE 0711.855.284
- Registered office
- Deinse Horsweg 44, 9031 Gent
- Names & denominations
- PHIN-FOOD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 October 2018
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Overige detailhandel in voedingsmiddelen, neg
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)
Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.
Detailhandel in dranken, algemeen assortiment