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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Phoenix Holding from Machelen (Brab.), company number BE0802117645, closed financial year 2025 with a result of € -2.9 million after tax. For that financial year Phoenix Holding recorded revenue of € 923,422 and equity of € 113.3 million. Compared with financial year 2024, the result moved from € -3 million to € -2.9 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 113.3 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.9 million
▲ 4 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,576
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -12 million.
People and assets in 2025
€ 45,510
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 46.2 million
▲ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 718,722
▲ € 576,717 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 196 days on average.
€ 769
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 281,583 | € 551,827 | € 923,422 | ▲ 67% |
| Profit after taxes | € -6,113,688 | € -3,010,158 | € -2,899,193 | ▲ € 110,965 |
| Equity | € 119,217,598 | € 116,207,439 | € 113,308,246 | ▼ 2% |
| Total debts | € 56,146,474 | € 43,665,361 | € 47,104,583 | ▲ 8% |
| Cash | € 48,829 | € 48,181 | € 2,576 | ▼ 95% |
| Retained profit | € -6,113,688 | € -9,123,847 | € -12,023,040 | ▼ € 2.9 million |
| Bank debt | € 55,926,059 | € 43,416,794 | € 46,165,794 | ▲ 6% |
| Balance sheet total | € 175,364,072 | € 159,872,800 | € 160,412,829 |
Key figures of Phoenix Holding, fiscal years 2023 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 Phoenix Holding?
What happened at Phoenix Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lencho BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.9 million. Source: NBB ↗
- Lencho BV became a director. NBB
- Andera Midcap 5 SLP became a director. NBB
- Antoine Emile Le Bourgeois became a director. NBB
- Aurélie Marie Denieuil became a director. NBB
- Loe BV became a director. NBB
- Pauwels Management BV became a director. NBB
In short
From € 6.1 million loss in 2023 to € 2.9 million loss in 2025.
Paid € 538 in corporate taxes since 2023.
Pays suppliers within 196 days on average.
Management
Behind Phoenix Holding are Andera Midcap 5 SLP, Antoine Emile Le Bourgeois, Aurélie Marie Denieuil, Loe BV and Pauwels Management BV. It owns 100% of Pyramid itself.
Directors
According to the 2025 annual accounts
Andera Midcap 5 SLP
Director · represented by Laurent Stéphane Cédric Tourtois
since 2023
Antoine Emile Le Bourgeois
Director
since 2023
Aurélie Marie Denieuil
Director
since 2023
Director · represented by Thomas Eggermont
Also active at: ORMIT BELGIE, PAUWELS CONSULTING, Pyramid, Science at Work Staffing België
since 2023
Director · represented by Bert Pauwels
Also active at: MASSANA, GLOBAL EXPANSION, ORMIT BELGIE, PAUWELS CONSULTING, Pyramid, Science at Work Staffing België, MEDICAL PEOPLE, Pauwels Invest +1 more
since 2023
since 2024 · until 2029
Establishments
Establishment units
Physical locations of this company
Lambroekstraat 5 box A
1831 Machelen (Brab.)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
All companies at this address →MASSANA same network
€ 146,008 gross margin · 2025
STMicroelectronics Belgium
€ 12 million revenue · 2024
BVBA gebeurtenissentechnieken - SPRL Techniques d'évenements
PAUWELS CONSULTING same network
€ 89.2 million revenue · 2025
Pyramid same network
€ 6.1 million revenue · 2025
+20 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0802.117.645
- VAT number
- BE 0802.117.645
- Registered office
- Lambroekstraat 5 bus A, 1831 Machelen (Brab.)
- Names & denominations
- Phoenix Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 May 2023
- Peppol
- Active · Active since 5 Dec 2025
- Contact
- [email protected] +33 6 11 16 49 17
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Activiteiten van holdings
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Holdings