What does Pharrowtech do?

Pharrowtech is an IT company in Leuven. Private Limited, started on 15 March 2019, 1 establishment.

What is the address of Pharrowtech?

The registered office of Pharrowtech is located at Philipssite 5-A, 3001 Leuven.

Is Pharrowtech still active?

No. The CBE lists Pharrowtech with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is Pharrowtech registered on Peppol?

No, Pharrowtech is currently not registered on the Peppol network.

What is the enterprise number of Pharrowtech?

The enterprise number of Pharrowtech is BE0722804804.

When was Pharrowtech founded?

Pharrowtech was founded on 15 March 2019.

Who are the directors of Pharrowtech?

According to the 2023 annual accounts, the directors of Pharrowtech are: David Leftley, Carl De Ranter, Imec.Xpand, Innovations Industries Management, Pieter Vorenkamp, Wim Van Thillo, KBC Securities.

Is Pharrowtech a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 15 March 2019; 3 annual accounts filed, latest fiscal year 2023; 7 directors known from the annual account.

How much profit did Pharrowtech make in 2023?

Pharrowtech recorded a loss after taxes of € 17,525,148 in financial year 2023.

What is the revenue of Pharrowtech?

As a small company, Pharrowtech is not required to publish revenue in its annual accounts. In financial year 2023, its added value was € -4,959,339.

How much does an employee at Pharrowtech earn?

The average wage cost per full-time employee at Pharrowtech was € 111,500 in 2023: staff costs of € 2.6 million for 23.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Pharrowtech have?

According to the 2023 annual accounts, Pharrowtech has 23.4 full-time equivalents (FTE).

Pharrowtech (Private Limited) - Leuven - BE0722804804

Dossier Pharrowtech, printed on 2 October 2026 from databakkes.be/en/0722804804/pharrowtech. 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.

Two loss years in a row NBB

Negative result in 2022 and 2023.
Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2023

Pharrowtech from Leuven, company number BE0722804804, closed financial year 2023 with a result of € -17.5 million after tax. For that financial year Pharrowtech recorded a gross margin of € -5 million and equity of € 2.9 million. Compared with financial year 2022, the result moved from € -2 million to € -17.5 million. The company made a loss. The buffer shrank hard: equity is 86 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 13, 2024.

What it is worth Shrank hard

€ 2.9 million

▼ 86% vs 2022

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

Loss Caution

€ -17.5 million

▼ 781 % more loss than in 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 1.5 million

▼ 35% vs 2022

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -20.3 million.

People and assets in 2023

Full-time equivalents

23.4

▲ 3.4 vs 2022

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

Wage cost

€ 2.6 million

▲ 23% vs 2022

€ 111,500 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

€ 71,425

▼ 22% vs 2022

Book value of vehicles, furniture and equipment.

Debts at end 2023

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 621,867

▲ 5% vs 2022

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

Wages and social charges

€ 302,626

▲ 38% vs 2022

Wages, holiday pay and social contributions still to pay. No outstanding taxes.

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Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	Change 2022 → 2023
Gross margin	€ 1,910,440 Gross margin 2021: € 1,910,440 First fiscal year in the series	€ 618,883 Gross margin 2022: € 618,883 ▼ 68% vs 2021 (€ 1,910,440) Unfavourable step	€ -4,959,339 Gross margin 2023: € -4,959,339 ▼ € 5.6 million vs 2022 (€ 618,883) Unfavourable step	▼ € 5.6 million
Profit after taxes	€ 431,274 Profit after taxes 2021: € 431,274 First fiscal year in the series	€ -1,990,037 Profit after taxes 2022: € -1,990,037 ▼ € 2.4 million vs 2021 (€ 431,274) Unfavourable step	€ -17,525,148 Profit after taxes 2023: € -17,525,148 ▼ € 15.5 million vs 2022 (€ -1,990,037) Unfavourable step	▼ € 15.5 million
Equity	€ 7,395,350 Equity 2021: € 7,395,350 First fiscal year in the series	€ 20,417,295 Equity 2022: € 20,417,295 ▲ 176% vs 2021 (€ 7,395,350) Favourable step	€ 2,892,147 Equity 2023: € 2,892,147 ▼ 86% vs 2022 (€ 20,417,295) Unfavourable step	▼ 86%
Total debts	€ 557,690 Total debts 2021: € 557,690 First fiscal year in the series	€ 847,013 Total debts 2022: € 847,013 ▲ 52% vs 2021 (€ 557,690) Unfavourable step	€ 924,493 Total debts 2023: € 924,493 ▲ 9% vs 2022 (€ 847,013) Unfavourable step	▲ 9%
Cash	€ 769,388 Cash 2021: € 769,388 First fiscal year in the series	€ 2,301,844 Cash 2022: € 2,301,844 ▲ 199% vs 2021 (€ 769,388) Favourable step	€ 1,504,118 Cash 2023: € 1,504,118 ▼ 35% vs 2022 (€ 2,301,844) Unfavourable step	▼ 35%
Retained profit	€ -813,870 Retained profit 2021: € -813,870 First fiscal year in the series	€ -2,803,907 Retained profit 2022: € -2,803,907 ▼ € 2 million vs 2021 (€ -813,870) Unfavourable step	€ -20,329,055 Retained profit 2023: € -20,329,055 ▼ € 17.5 million vs 2022 (€ -2,803,907) Unfavourable step	▼ € 17.5 million
Bank debt	€ 55,858 Bank debt 2021: € 55,858 First fiscal year in the series	€ 21,485 Bank debt 2022: € 21,485 ▼ 62% vs 2021 (€ 55,858) Favourable step	€ 0 Bank debt 2023: € 0 ▼ 100% vs 2022 (€ 21,485) Favourable step	▼ 100%
Balance sheet total	€ 7,953,040 Balance sheet total 2021: € 7,953,040 First fiscal year in the series	€ 21,264,308 Balance sheet total 2022: € 21,264,308 ▲ 167% vs 2021 (€ 7,953,040) Unchanged	€ 3,816,640 Balance sheet total 2023: € 3,816,640 ▼ 82% vs 2022 (€ 21,264,308) Unchanged	▼ 82%
Employees (FTE)	11.4 Employees (FTE) 2021: 11.4 First fiscal year in the series	20 Employees (FTE) 2022: 20 ▲ 8.6 vs 2021 (11.4) Unchanged	23.4 Employees (FTE) 2023: 23.4 ▲ 3.4 vs 2022 (20) Unchanged	▲ 3.4

Key figures of Pharrowtech, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.

What happened to Pharrowtech?

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

Pharrowtech is active according to the CBE. Legal situation: Opening faillissement.

2030 David Leftley stepped down as director. NBB
2030 Carl De Ranter stepped down as director. NBB
2030 Imec.Xpand stepped down as director. NBB
2030 Innovations Industries Management stepped down as director. NBB
2030 Pieter Vorenkamp stepped down as director. NBB
2030 Wim Van Thillo stepped down as director. NBB
2030 KBC Securities stepped down as director. NBB
Aug 13, 2024 New annual accounts for financial year 2023: loss of € 17.5 million. filed late Source: NBB ↗

In short

From € 431,274 profit in 2021 to € 17.5 million loss in 2023.

Best year ever: 2021, with € 431,274 profit.

On average € 30,900 of value added per employee in 2022.

Original PDFs at the National Bank ↗

A new publication or filing at Pharrowtech? 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

imec.xpand 28.7%

KBC Focus fund 16.9%

The stake of imec.xpand, KBC Focus fund comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Pharrowtech

Pharrowtech INC

Pharrowtech UK ltd

The shares are held by imec.xpand (28.7%) and KBC Focus fund (16.9%). It owns Pharrowtech INC and Pharrowtech UK ltd itself.

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Directors

According to the 2023 annual accounts

David Leftley

Director

since 2024 · until 2030

Carl De Ranter

Director

since 2024 · until 2030

Imec.Xpand

Director · represented by Peter Vanbekbergen

Also active at: Morrow, Spectricity, Pulsify Medical, Azalea Vision

since 2024 · until 2030

Innovations Industries Management

Director · represented by Sander Verbrugge

since 2024 · until 2030

Pieter Vorenkamp

Chairman of the board

since 2024 · until 2030

Wim Van Thillo

Managing director

since 2024 · until 2030

KBC Securities

Director · represented by Rudi Severijns

Also active at: POZYX, SYMPL, ArtiQ, KBC Private Partners Life Sciences, KBC Private Partners Life Sciences (Privak), EXALATE, FLANDERSBIO, VENTORY +2 more

since 2024 · until 2030

Shareholders

imec.xpand

28.7%

KBC Focus fund

16.9%

Participations

Pharrowtech INC

Pharrowtech UK ltd

Establishments

Establishment units

Physical locations of this company

Registered office

Philipssite 5-A

3001 Leuven

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0722.804.804

VAT number

BE 0722.804.804

Registered office

Philipssite 5-A, 3001 Leuven

Names & denominations

Pharrowtech

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Opening faillissement

Start date

15 March 2019

Peppol

Not registered

Activities · NACE

Ontwerpen van computerprogramma’s

Ontwerpen en programmeren van computerprogramma's

View on CBE Public ↗ Annual accounts (NBB) ↗

Pharrowtech

Warning lights

Financials

What happened to Pharrowtech?

Know what changes at your customers, suppliers and competitors. Without reading an annual account.

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions