ACTIVE

PHOENIX PLUS

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Financial year 2025 · closed on 31/12/2025

Net result

667,3 k €

-19.9% YoY

Revenue

39,2 M €

-22.9% YoY

Equity

6,6 M €

+10.5% YoY

Workforce

2,8 ETP

-6.7% YoY

What does PHOENIX PLUS do?

PHOENIX PLUS is a Public limited company incorporated in 1997. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Grez-Doiceau. It employs on average 2,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.367.434

Incorporation

03/09/1997

Legal form

Public limited company

Registered office

Tienne du Golf 1
1390 Grez-Doiceau · WallonieSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2025

Average workforce

2,8 ETP

Activities (NACE)

46190Agents involved in the sale of a variety of goods· main 46190Agents involved in the sale of a variety of goods 46720Wholesale of metals and metal ores 46820Wholesale trade, except of motor vehicles and motorcycles 51190Passenger air transport 74300Translation and interpretation activities+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	39,2 M €	-22.9%	50,9 M €	+36.1%	37,4 M €	+4.9%	35,6 M €	-20.3%	44,7 M €	-22.2%	57,5 M €	-3.8%	59,8 M €	+8.9%	54,9 M €	+17.9%	46,5 M €	+17.4%	39,6 M €	-3.4%	41 M €	+10.5%	37,1 M €	-12.5%	42,4 M €	-20.1%	53,1 M €	-17.0%	64 M €	-6.5%	68,4 M €	+68.9%	40,5 M €	-42.3%	70,2 M €	-27.4%	96,8 M €	+20.2%	80,5 M €
EBITDA	1,6 M €	+39.0%	1,1 M €	+54.5%	736,6 k €	-54.9%	1,6 M €	+6.7%	1,5 M €	+29.2%	1,2 M €	+161%	454,2 k €	-74.8%	1,8 M €	+49.7%	1,2 M €	+49.2%	807,5 k €	+322%	-363,9 k €	-59.8%	-227,7 k €	-334%	97,3 k €	+197%	-100,6 k €	+69.1%	-325,9 k €	-146%	705,1 k €	-10.0%	783,1 k €	+78.8%	438,1 k €	-84.0%	2,7 M €	+134%	1,2 M €
Operating result	1,4 M €	+44.9%	952,8 k €	+102%	472,3 k €	-60.8%	1,2 M €	+7.1%	1,1 M €	+40.8%	797,9 k €	+1147%	64 k €	-95.8%	1,5 M €	+41.3%	1,1 M €	+55.0%	702,7 k €	+257%	-448,7 k €	-48.1%	-303 k €	-1531%	21,2 k €	+114%	-152,4 k €	+63.6%	-418,5 k €	+23.9%	-550 k €	-266%	331,5 k €	+9.9%	301,6 k €	-88.5%	2,6 M €	+138%	1,1 M €
Net result	667,3 k €	-19.9%	833,5 k €	+171%	307 k €	-69.5%	1 M €	+1.8%	990,4 k €	+71.7%	576,8 k €	+124%	257,1 k €	-77.6%	1,1 M €	+2638%	-45,2 k €	-107%	621,6 k €	+161%	237,9 k €	+495%	40 k €	+379%	-14,3 k €	-110%	137,1 k €	+32.7%	103,4 k €	-18.7%	127,2 k €	-47.6%	242,9 k €	+646%	-44,5 k €	-106%	725,2 k €	+41.5%	512,5 k €
Balance sheet
Equity	6,6 M €	+10.5%	6 M €	+11.2%	5,4 M €	+5.7%	5,1 M €	+16.1%	4,4 M €	+18.4%	3,7 M €	+7.8%	3,4 M €	+7.7%	3,2 M €	+45.7%	2,2 M €	-7.4%	2,4 M €	+26.5%	1,9 M €	+9.6%	1,7 M €	-8.6%	1,9 M €	-10.3%	2,1 M €	+6.0%	2 M €	+3.9%	1,9 M €	+4.9%	1,8 M €	+15.6%	1,6 M €	-2.8%	1,6 M €	+49.0%	1,1 M €
Total assets	8,2 M €	-21.4%	10,5 M €	+12.7%	9,3 M €	+28.8%	7,2 M €	-1.1%	7,3 M €	-25.6%	9,8 M €	+4.9%	9,4 M €	+9.3%	8,6 M €	-6.4%	9,2 M €	-4.7%	9,6 M €	+45.6%	6,6 M €	+13.9%	5,8 M €	+10.7%	5,2 M €	+0.8%	5,2 M €	-16.3%	6,2 M €	-20.6%	7,8 M €	+2.9%	7,6 M €	+7.6%	7,1 M €	-46.5%	13,2 M €	+147%	5,3 M €
Cash	2 M €	-7.6%	2,2 M €	+63.1%	1,3 M €	-54.4%	2,9 M €	+14.8%	2,5 M €	+641%	342,6 k €	-89.8%	3,4 M €	+42.9%	2,3 M €	-63.9%	6,5 M €	+31.7%	4,9 M €	+51.9%	3,2 M €	+106%	1,6 M €	-18.2%	1,9 M €	-20.7%	2,4 M €	+0.6%	2,4 M €	+36.3%	1,8 M €	-37.5%	2,8 M €	-36.3%	4,4 M €	+99.2%	2,2 M €	+18.4%	1,9 M €
Debts	1,7 M €	-63.2%	4,5 M €	+14.3%	3,9 M €	+95.0%	2 M €	-31.0%	2,9 M €	-50.8%	5,9 M €	+1.4%	5,9 M €	+15.3%	5,1 M €	-12.5%	5,8 M €	+8.2%	5,4 M €	+93.9%	2,8 M €	+4.9%	2,6 M €	-1.4%	2,7 M €	+12.2%	2,4 M €	-30.1%	3,4 M €	-28.2%	4,8 M €	-11.4%	5,4 M €	+8.7%	4,9 M €	-57.1%	11,5 M €	+170%	4,3 M €
Other
Workforce	2,8 ETP	-6.7%	3,0 ETP	+3.4%	2,9 ETP	+3.6%	2,8 ETP	+47.4%	1,9 ETP	-24.0%	2,5 ETP	-7.4%	2,7 ETP	-15.6%	3,2 ETP	-13.5%	3,7 ETP	0.0%	3,7 ETP	+19.4%	3,1 ETP	+55.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+66.7%	1,2 ETP	+20.0%	1,0 ETP	0.0%	1,0 ETP	-79.6%	4,9 ETP	+22.5%	4,0 ETP	+66.7%	2,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

HONG LING YAN

Director · since 22 décembre 2023 · until 21 décembre 2029

Active

JEAN-FRANCOIS DELVENNE

Managing director · since 22 décembre 2023 · until 21 décembre 2029

Active

Ended mandates

HONG LING YAN

Director · since 03 novembre 2018 · until 02 novembre 2024

Ended

JEAN-FRANCOIS DELVENNE

Managing director · since 03 novembre 2018 · until 02 novembre 2024

Ended

HONG LING YAN

Director · since 02 novembre 2018 · until 01 novembre 2024

Ended

JEAN-FRANCOIS DELVENNE

Managing director · since 02 novembre 2018 · until 01 novembre 2024

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	03/07/2026	08/07/2025	06/08/2024	27/12/2023	26/10/2022	02/07/2021
General meeting	30/06/2026	27/06/2025	02/08/2024	27/12/2023	24/06/2022	30/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	03/07/2026	French	PDF
Full model	31/12/2024	27/06/2025	08/07/2025	French	PDF
Full model	31/12/2023	02/08/2024	06/08/2024	French	PDF
Full model	31/12/2022	27/12/2023	27/12/2023	French	PDF
Full modelCorrection	31/12/2021	24/06/2022	26/10/2022	French	PDF
Full model	31/12/2021	24/06/2022	30/06/2022	French	PDF
Full model	31/12/2020	30/06/2021	02/07/2021	French	PDF
Full model	31/12/2019	03/07/2020	29/10/2020	French	PDF
Full model	31/12/2018	28/06/2019	18/07/2019	French	PDF
Full model	31/12/2017	15/06/2018	03/08/2018	French	PDF
Full model	31/12/2016	30/06/2017	31/07/2017	French	PDF
Full model	31/12/2015	24/06/2016	29/07/2016	French	PDF
Full model	31/12/2014	25/06/2015	31/08/2015	French	PDF
Full model	31/12/2013	26/06/2014	01/08/2014	French	PDF
Full model	31/12/2012	05/06/2013	30/08/2013	French	PDF
Full model	31/12/2011	29/06/2012	11/07/2012	French	PDF
Full model	31/12/2010	10/06/2011	01/07/2011	French	PDF
Full model	31/12/2009	21/05/2010	23/06/2010	French	PDF
Full model	31/12/2008	19/05/2009	17/06/2009	French	PDF
Full model	31/12/2007	19/05/2008	20/08/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

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 · 14 ended

Active mandates

HONG LING YAN

Director · since 22 décembre 2023 · until 21 décembre 2029

Active

JEAN-FRANCOIS DELVENNE

Managing director · since 22 décembre 2023 · until 21 décembre 2029

Active

Ended mandates

HONG LING YAN

Director · since 03 novembre 2018 · until 02 novembre 2024

Ended

JEAN-FRANCOIS DELVENNE

Managing director · since 03 novembre 2018 · until 02 novembre 2024

Ended

HONG LING YAN

Director · since 02 novembre 2018 · until 01 novembre 2024

Ended

JEAN-FRANCOIS DELVENNE

Managing director · since 02 novembre 2018 · until 01 novembre 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates15/12/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office26/06/2020
SIEGE SOCIAL
PDF
Mandates01/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates11/03/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates23/07/2013
DEMISSIONS, NOMINATIONS
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 2025667,3 k €↓
2024
Annual accounts 2024833,5 k €↑
2023
Annual accounts 2023307 k €↓
2022
Annual accounts 20221 M €↑
2021
Annual accounts 2021990,4 k €↑
2020
Annual accounts 2020576,8 k €↑
2019
Annual accounts 2019257,1 k €↓
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 2017-45,2 k €↓
2016
Annual accounts 2016621,6 k €↑
2015
Annual accounts 2015237,9 k €↑
2014
Annual accounts 201440 k €↑
2013
Annual accounts 2013-14,3 k €↓
2012
Annual accounts 2012137,1 k €↑
2011
Annual accounts 2011103,4 k €↓
2010
Annual accounts 2010127,2 k €↓
2009
Annual accounts 2009242,9 k €↑
2008
Annual accounts 2008-44,5 k €↓
2007
Annual accounts 2007725,2 k €↑
2006
Annual accounts 2006512,5 k €
03/09/1997
IncorporationPublic 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

PHOENIX PLUS

Overview

What does PHOENIX PLUS do?

Trend over 20 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