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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PHYSIOCONSTRUCT from Kaprijke, company number BE0749658263, closed financial year 2025 with a result of € 2,233 after tax. For that financial year PHYSIOCONSTRUCT recorded a gross margin of € 21,050 and equity of € -14,196. Compared with financial year 2024, the result moved from € -3,089 to € 2,233. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ -14,196
▲ € 2,233 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,233
▲ still € 3,089 loss in 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -24,196.
Debts at end 2025
€ 2,033
▼ 85% vs 2024
Loans from banks and other lenders, long and short.
€ 33,979
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 607
▼ 89% 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 | € -6,977 | € 4,660 | € 6,167 | € 21,050 | ▲ 241% |
| Profit after taxes | € -17,170 | € -5,257 | € -3,089 | € 2,233 | ▲ € 5,322 |
| Equity | € -8,082 | € -13,339 | € -16,428 | € -14,196 | ▲ € 2,233 |
| Total debts | € 97,246 | € 72,294 | € 65,980 | € 39,303 | ▼ 40% |
| Cash | € 3,977 | € 214 | - | - | |
| Retained profit | € -18,082 | € -23,339 | € -26,428 | € -24,196 | ▲ € 2,233 |
| Bank debt | € 21,739 | € 16,756 | € 13,720 | € 2,033 | ▼ 85% |
| Balance sheet total | € 89,165 | € 58,955 | € 49,552 | € 25,107 | ▼ 49% |
Key figures of PHYSIOCONSTRUCT, 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 PHYSIOCONSTRUCT?
What happened at PHYSIOCONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,233. filed late Source: NBB ↗
- New establishment in Kaprijke. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,170 loss in 2022 to € 2,233 profit in 2025.
Paid € 1,683 in corporate taxes since 2022.
Best year ever: 2025, with € 2,233 profit.
Management
Behind PHYSIOCONSTRUCT is Sematz BV.
Directors
According to the 2025 annual accounts
Director · represented by Jeffrey De Wispelaere
Establishments
Establishment units
Physical locations of this company
Voorstraat 49
9970 Kaprijke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0749.658.263
- VAT number
- BE 0749.658.263
- Registered office
- Voorstraat 49, 9970 Kaprijke
- Names & denominations
- PHYSIOCONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 2020
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
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