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 1 of the last 2 fiscal years.
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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 2024
PHILIPS from Assenede, company number BE0794542539, closed financial year 2024 with a result of € -63,309 after tax. For that financial year PHILIPS recorded a gross margin of € 21,398 and equity of € -43,644. Compared with financial year 2023, the result moved from € 16,665 to € -63,309. The company made a loss. 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 August 18, 2025.
€ -43,644
▼ € 63,309 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -63,309
▼ still € 16,665 profit in 2023
Profit after tax over the fiscal year.
€ 20,012
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -46,644.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
€ 36,109
▲ 73% vs 2023
€ 11,420 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 51,100
▲ € 49,401 vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|
| Gross margin | € 23,978 | € 21,398 | ▼ 11% |
| Profit after taxes | € 16,665 | € -63,309 | ▼ € 79,974 |
| Equity | € 19,665 | € -43,644 | ▼ € 63,309 |
| Total debts | € 52,620 | € 109,097 | ▲ 107% |
| Cash | € 20,035 | € 20,012 | |
| Retained profit | € 16,665 | € -46,644 | ▼ € 63,309 |
| Bank debt | € 20,848 | € 36,109 | ▲ 73% |
| Balance sheet total | € 72,285 | € 65,453 | ▼ 9% |
Key figures of PHILIPS, fiscal years 2023 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PHILIPS?
What happened at PHILIPS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 63,309 (▼ € 79,974 vs 2023). filed late Source: NBB ↗
- New establishment in Assenede. KBO
- Timothy Philips became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 16,665 profit in 2023 to € 63,309 loss in 2024.
Paid € 5,948 in corporate taxes since 2023.
Best year ever: 2023, with € 16,665 profit.
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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
Directors
According to the 2024 annual accounts
Timothy Philips
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Dorp 3
9968 Assenede
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
- 0794.542.539
- VAT number
- BE 0794.542.539
- Registered office
- Dorp 3, 9968 Assenede
- Names & denominations
- PHILIPS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 December 2022
- Peppol
- Not registered
- Activities · NACE
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