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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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMO PHICON from Harelbeke, company number BE0838367535, closed financial year 2025 with a result of € -1,834 after tax. For that financial year IMMO PHICON recorded a gross margin of € 261,216 and equity of € 524,227. Compared with financial year 2024, the result moved from € -35,744 to € -1,834. 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 January 13, 2026.
€ 524,227
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,834
▲ 95 % less loss than in 2024
Profit after tax over the fiscal year.
€ 14,672
▲ 202% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 459,493.
People and assets in 2025
€ 143,242
▲ 39% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 372,626
▼ 16% vs 2024
€ 102,190 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 5,065
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,468
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 235,829 | € 245,160 | € 186,448 | € 261,216 | ▲ 40% |
| Profit after taxes | € 9,990 | € 18,880 | € -35,744 | € -1,834 | ▲ € 33,910 |
| Equity | € 542,924 | € 561,804 | € 526,061 | € 524,227 | |
| Total debts | € 404,848 | € 467,347 | € 676,472 | € 649,891 | ▼ 4% |
| Cash | € 39,356 | € 33,168 | € 4,851 | € 14,672 | ▲ 202% |
| Land & buildings | € 887,220 | € 977,803 | € 1,182,597 | € 1,143,125 | ▼ 3% |
| Retained profit | € 478,191 | € 497,071 | € 461,327 | € 459,493 | |
| Bank debt | € 305,500 | € 358,692 | € 442,646 | € 372,626 | ▼ 16% |
| Balance sheet total | € 947,772 | € 1,029,151 | € 1,202,533 | € 1,174,118 | ▼ 2% |
Key figures of IMMO PHICON, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to IMMO PHICON?
What happened at IMMO PHICON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,834. Source: NBB ↗
- New establishment in Harelbeke. KBO
- Nessie VANDENDORPE became a director. NBB
- Connie COSAERT became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 9,990 profit in 2022 to € 1,834 loss in 2025.
Paid € 13,457 in corporate taxes since 2022.
Best year ever: 2023, with € 18,880 profit.
Management
The stake of NESSELLE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMO PHICONBehind IMMO PHICON are Nessie VANDENDORPE and Connie COSAERT. The shares are held by NESSELLE (50%).
Directors
According to the 2025 annual accounts
since 2011
Connie COSAERT
Director
since 2011
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kleine Waregemsestraat 27
8530 Harelbeke
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
- 0838.367.535
- VAT number
- BE 0838.367.535
- Registered office
- Kleine Waregemsestraat 27, 8530 Harelbeke
- Names & denominations
- IMMO PHICON
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 2011
- Peppol
- Active · Active since 6 Oct 2025
- Activities · NACE
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