ACTIVE

PHILREST

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Financial year 2025 · closed on 31/12/2025

Net result

-40,9 k €

+5.1% YoY

Revenue

3,2 M €

Equity

-13,8 k €

-151.2% YoY

Workforce

22,2 ETP

+5.7% YoY

What does PHILREST do?

PHILREST is a Private limited company incorporated in 1991. Its registered office is in Antwerpen. It employs on average 22,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.287.606

Incorporation

27/09/1991

Legal form

Private limited company

Registered office

Groenplaats 17
2000 Antwerpen · FlandreSee on map

Contributed capital

268 900,00 €

Latest accounts

31/12/2025

Average workforce

22,2 ETP

Joint committees (2)

302
3020

Signals

Positive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	3,2 M €		–		–		2,4 M €	+6.4%	2,2 M €		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	147,4 k €	+4.0%	141,7 k €	+465%	-38,8 k €	+11.6%	-43,9 k €	-127%	165,5 k €	+74257%	-223,2 €	-100%	108,7 k €	+124%	48,5 k €	-30.7%	69,9 k €	+8.2%	64,6 k €	+29.1%	50,1 k €	+764%	-7,5 k €	-113%	58,8 k €	-52.1%	122,8 k €	-11.5%	138,8 k €	-11.3%	156,5 k €	+84.8%	84,7 k €	+12.7%	75,1 k €
Operating result	12,4 k €	+126%	5,5 k €	+104%	-135,8 k €	-86.6%	-72,8 k €	-154%	134,7 k €	+453%	-38,2 k €	-155%	68,9 k €	+978%	6,4 k €	-77.1%	27,9 k €	+25.9%	22,2 k €	+41.4%	15,7 k €	+135%	-45,2 k €	-615%	8,8 k €	-87.4%	69,9 k €	-19.8%	87,1 k €	-11.7%	98,7 k €	+674%	12,8 k €	-33.2%	19,1 k €
Net result	-40,9 k €	+5.1%	-43 k €	+75.0%	-172,1 k €	-107%	-83,1 k €	-225%	66,4 k €	+258%	-41,9 k €	-175%	55,8 k €	+666%	-9,9 k €	-395%	3,3 k €	+7.2%	3,1 k €	-51.3%	6,4 k €	+120%	-31,4 k €	-335%	13,4 k €	-70.0%	44,6 k €	-20.2%	55,9 k €	-29.3%	79,1 k €	+1221%	-7,1 k €	-267%	-1,9 k €
Balance sheet
Equity	-13,8 k €	-151%	27 k €	-61.4%	70 k €	+990%	-7,9 k €	-110%	75,2 k €	+841%	-10,1 k €	-132%	31,8 k €	+48.8%	21,4 k €	-31.6%	31,2 k €	+12.0%	27,9 k €	+12.6%	24,8 k €	+34.8%	18,4 k €	-63.1%	49,7 k €	-76.4%	210,6 k €	+26.8%	166,1 k €	+50.7%	110,2 k €	+254%	31,1 k €	-18.5%	38,2 k €
Total assets	933,6 k €	-12.5%	1,1 M €	-20.8%	1,3 M €	+275%	359 k €	-21.2%	455,8 k €	+44.4%	315,6 k €	-14.7%	369,9 k €	+15.1%	321,4 k €	+13.9%	282,2 k €	-10.9%	316,9 k €	+2.1%	310,3 k €	-15.0%	365,1 k €	-19.7%	454,4 k €	-29.1%	641 k €	+32.9%	482,2 k €	+15.3%	418,4 k €	+20.1%	348,3 k €	-0.6%	350,4 k €
Cash	319,8 k €	-7.5%	345,9 k €	-28.4%	483,2 k €	+129%	210,7 k €	-20.2%	263,9 k €	+203%	87,1 k €	-38.3%	141,2 k €	+55.6%	90,8 k €	-1.3%	92 k €	-22.6%	118,9 k €	-4.6%	124,6 k €	-28.0%	173 k €	-46.8%	324,9 k €	+121%	147,2 k €	+194%	50 k €	-70.6%	169,9 k €	+15.4%	147,3 k €	+189%	50,9 k €
Debts	937,7 k €	-9.4%	1 M €	-18.4%	1,3 M €	+249%	363,4 k €	-4.0%	378,7 k €	+16.5%	324,9 k €	-3.9%	338,2 k €	+12.7%	300,1 k €	+26.4%	237,4 k €	-17.8%	288,8 k €	+1.1%	285,6 k €	-17.4%	345,9 k €	-14.5%	404,5 k €	-6.0%	430,4 k €	+36.1%	316,2 k €	+2.6%	308,2 k €	+1.9%	302,5 k €	+1.5%	298,1 k €
Other
Workforce	22,2 ETP	+5.7%	21,0 ETP	+8.2%	19,4 ETP	+2.1%	19,0 ETP	+3.8%	18,3 ETP	+9.6%	16,7 ETP	+4.4%	16,0 ETP	-2.4%	16,4 ETP	-3.0%	16,9 ETP	-1.2%	17,1 ETP	-10.5%	19,1 ETP	-10.3%	21,3 ETP	-8.2%	23,2 ETP	-11.8%	26,3 ETP	+34.2%	19,6 ETP	+7.1%	18,3 ETP	-1.1%	18,5 ETP	+8.2%	17,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

PIAMAN

Director · since 23 novembre 2011 · 0473.879.939

Represented by Peter Verhelst

Active

Ended mandates

PIAMAN

Director · since 23 novembre 2011 · 0473.879.939

Represented by Peter VERHELST

Ended

PIAMAN

Manager · since 23 novembre 2011 · 0473.879.939

Represented by PETER VERHELST

Ended

PIAMAN

Director · since 23 novembre 2011 · 0473.879.939

Represented by Verhelst Peter

Ended

PIAMAN

Manager · since 23 novembre 2011 · 0473.879.939

Represented by Peter Verhelst

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/07/2026	20/06/2025	01/07/2024	13/07/2023	28/06/2022	01/07/2021
General meeting	24/06/2026	04/06/2025	05/06/2024	28/06/2023	01/06/2022	02/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	04/06/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	05/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	28/06/2023	13/07/2023	Dutch	PDF
Abridged model	31/12/2021	01/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	02/06/2021	01/07/2021	Dutch	PDF
Abridged model	31/12/2019	06/07/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	26/06/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/05/2017	02/06/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	08/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	09/09/2015	Dutch	PDF
Abridged model	31/12/2013	03/05/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	04/05/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	05/05/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	07/05/2011	24/05/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	20/05/2010	Dutch	PDF
Abridged model	31/12/2008	02/05/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	03/05/2008	20/06/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 9 ended

Active mandates

PIAMAN

Director · since 23 novembre 2011 · 0473.879.939

Represented by Peter Verhelst

Active

Ended mandates

PIAMAN

Director · since 23 novembre 2011 · 0473.879.939

Represented by Peter VERHELST

Ended

PIAMAN

Manager · since 23 novembre 2011 · 0473.879.939

Represented by PETER VERHELST

Ended

PIAMAN

Director · since 23 novembre 2011 · 0473.879.939

Represented by Verhelst Peter

Ended

PIAMAN

Manager · since 23 novembre 2011 · 0473.879.939

Represented by Peter Verhelst

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares05/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Other16/10/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING
PDF
Mandates12/12/2011
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates14/09/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2006
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

2025
Annual accounts 2025-40,9 k €↑
2024
Annual accounts 2024-43 k €↑
2023
Annual accounts 2023-172,1 k €↓
2022
Annual accounts 2022-83,1 k €↓
2021
Annual accounts 202166,4 k €↑
2018
Annual accounts 2018-41,9 k €↓
2017
Annual accounts 201755,8 k €↑
2016
Annual accounts 2016-9,9 k €↓
2015
Annual accounts 20153,3 k €↑
2014
Annual accounts 20143,1 k €↓
2013
Annual accounts 20136,4 k €↑
2012
Annual accounts 2012-31,4 k €↓
2011
Annual accounts 201113,4 k €↓
2010
Annual accounts 201044,6 k €↓
2009
Annual accounts 200955,9 k €↓
2008
Annual accounts 200879,1 k €↑
2007
Annual accounts 2007-7,1 k €↓
2006
Annual accounts 2006-1,9 k €
27/09/1991
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PHILREST

Overview

What does PHILREST do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline