ACTIVE

PHV

Financial year 2025 · closed on 31/12/2025
Net result
-80,8 k €
-199.1% YoY
Gross margin
311,7 k €
-45.1% YoY
Equity
2,1 M €
-4.1% YoY

What does PHV do?

PHV is a Public limited company incorporated in 1989. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0438.315.185
Incorporation
06/09/1989
Legal form
Public limited company
Registered office
Nederkouter 124
9000 Gent · FlandreSee on map
Contributed capital
185 500,00 €
Latest accounts
31/12/2025
Signals
Solid equityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212019201820172016201520142013201220112010200920072006
Income statement
Gross margin311,7 k €567,3 k €653 k €424,1 k €121,4 k €314,4 k €394,9 k €437,4 k €356,9 k €425,2 k €370,7 k €212,7 k €382,3 k €472,1 k €499,1 k €937,9 k €633 k €627,7 k €
EBITDA252,2 k €505,1 k €573,3 k €358,6 k €61,3 k €221,7 k €350,9 k €387,9 k €320,2 k €373,3 k €321 k €123,8 k €318,1 k €425,3 k €472,6 k €828,1 k €583,8 k €608,9 k €
Operating result-18,9 k €160,8 k €249,6 k €-53,2 k €-259,8 k €-102,1 k €-391,7 k €119,4 k €40 k €73,3 k €17,6 k €-178,4 k €70,4 k €225 k €110,4 k €403 k €421,1 k €460,1 k €
Net result-80,8 k €81,5 k €190,7 k €-95,3 k €-293,3 k €-130,9 k €-419,5 k €101,5 k €14,7 k €58,1 k €-22,7 k €-255,2 k €28,4 k €131,7 k €108 k €271,5 k €312,4 k €339,9 k €
Balance sheet
Equity2,1 M €2,2 M €2,2 M €2 M €2,1 M €2,2 M €2,4 M €2,8 M €2,7 M €2,7 M €2,6 M €2,6 M €2,9 M €2,9 M €2,7 M €2,6 M €2,3 M €2,1 M €
Total assets4,4 M €4,6 M €4,9 M €5 M €5,4 M €4,2 M €3,6 M €3,6 M €3,7 M €3,9 M €4,1 M €4,3 M €4,2 M €4,1 M €4 M €4,1 M €3,4 M €3 M €
Cash242,6 k €468,3 k €444,7 k €213,6 k €80 k €16 k €137,6 k €225,8 k €309,7 k €368,9 k €288,5 k €103,3 k €187,3 k €100,1 k €261,9 k €218,6 k €119,5 k €15,6 k €
Debts2,1 M €2,2 M €2,5 M €2,9 M €3,1 M €1,9 M €1,2 M €683,3 k €865,5 k €1,1 M €1,3 M €1,5 M €1,2 M €1,1 M €1,1 M €1,3 M €860,1 k €681,9 k €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

Dimitri De Cuyper

Director · since 30 mars 2022 · until 15 juin 2027

Active
RACINE

Director · since 30 mars 2022 · until 15 juin 2027 · 0425.228.697

Represented by Fanny VAN HERZEELE

Active

Ended mandates

Dimitri De Cuyper

Mandate · since 29 mars 2017 · until 14 mars 2023

Ended
Frederik Caluwaerts

Director · since 29 mars 2017 · until 14 mars 2023

Ended
RACINE

Managing director · since 29 mars 2017 · until 14 mars 2023 · 0425.228.697

Represented by Fanny Van Herzeele

Ended
Dimitri De Cuyper

Director · since 29 mars 2011 · until 29 mars 2023

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelMicro modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/10/202101/10/202001/10/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months15 months12 months12 months
Filing date31/08/202604/08/202522/08/202428/07/202321/04/202229/04/2021
General meeting28/07/202615/07/202521/08/202415/06/202320/04/202209/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202528/07/202631/08/2026DutchPDF
Abridged model31/12/202415/07/202504/08/2025DutchPDF
Micro model31/12/202321/08/202422/08/2024DutchPDF
Micro model31/12/202215/06/202328/07/2023DutchPDF
Abridged model30/09/202120/04/202221/04/2022DutchPDF
Abridged model30/09/202009/03/202129/04/2021DutchPDF
Abridged model30/09/201910/03/202024/04/2020DutchPDF
Abridged model30/09/201812/03/201926/03/2019DutchPDF
Abridged model30/09/201713/03/201809/04/2018DutchPDF
Abridged model30/09/201614/03/201716/03/2017DutchPDF
Abridged model30/09/201508/03/201624/03/2016DutchPDF
Abridged model30/09/201410/03/201502/04/2015DutchPDF
Abridged model30/09/201311/03/201424/03/2014DutchPDF
Abridged model30/09/201212/03/201329/03/2013DutchPDF
Abridged model30/09/201103/04/201210/01/2013DutchPDF
Abridged model30/09/201029/03/201101/05/2011DutchPDF
Abridged model30/09/200930/03/201003/05/2010DutchPDF
Abridged model31/12/200702/06/200830/08/2008DutchPDF
Abridged model31/12/200608/05/200713/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

Dimitri De Cuyper

Director · since 30 mars 2022 · until 15 juin 2027

Active
RACINE

Director · since 30 mars 2022 · until 15 juin 2027 · 0425.228.697

Represented by Fanny VAN HERZEELE

Active

Ended mandates

Dimitri De Cuyper

Mandate · since 29 mars 2017 · until 14 mars 2023

Ended
Frederik Caluwaerts

Director · since 29 mars 2017 · until 14 mars 2023

Ended
RACINE

Managing director · since 29 mars 2017 · until 14 mars 2023 · 0425.228.697

Represented by Fanny Van Herzeele

Ended
Dimitri De Cuyper

Director · since 29 mars 2011 · until 29 mars 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/04/2022
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates18/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/03/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/07/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/03/2009
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other19/01/2009
    BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates26/07/2006
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/08/2005
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-80,8 k €
  2. 2024
    Annual accounts 202481,5 k €
  3. 2023
    Annual accounts 2023190,7 k €
  4. 2022
    Annual accounts 2022-95,3 k €
  5. 2021
    Annual accounts 2021-293,3 k €
  6. 2019
    Annual accounts 2019-130,9 k €
  7. 2018
    Annual accounts 2018-419,5 k €
  8. 2017
    Annual accounts 2017101,5 k €
  9. 2016
    Annual accounts 201614,7 k €
  10. 2015
    Annual accounts 201558,1 k €
  11. 2014
    Annual accounts 2014-22,7 k €
  12. 2013
    Annual accounts 2013-255,2 k €
  13. 2012
    Annual accounts 201228,4 k €
  14. 2011
    Annual accounts 2011131,7 k €
  15. 2010
    Annual accounts 2010108 k €
  16. 2009
    Annual accounts 2009271,5 k €
  17. 2007
    Annual accounts 2007312,4 k €
  18. 2006
    Annual accounts 2006339,9 k €
  19. 06/09/1989
    IncorporationPublic limited company