ACTIVE

PHARUS

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Financial year 2025 · closed on 31/12/2025

Net result

1,7 k €

+101.5% YoY

Gross margin

62,8 k €

-13.7% YoY

Equity

598,8 k €

+0.3% YoY

What does PHARUS do?

PHARUS is a Private limited company incorporated in 2000. Its registered office is in Zulte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0469.022.219

Incorporation

06/01/2000

Legal form

Private limited company

Registered office

Kapellestraat 8
9870 Zulte · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Gross margin	62,8 k €	-13.7%	72,8 k €	-76.2%	305,8 k €	+262%	84,5 k €	-76.4%	358,4 k €	+327%	84 k €	+20.6%	69,7 k €	-16.4%	83,3 k €	+71.0%	48,8 k €	+89.0%	25,8 k €	-18.8%	31,8 k €	+15.6%	27,5 k €	-89.0%	250,1 k €	+231%	75,7 k €	-15.7%	89,8 k €	+35.8%	66,1 k €	+124%	29,6 k €	+10.5%	26,8 k €	-22.2%	34,4 k €
EBITDA	57,2 k €	+130%	24,9 k €	-91.4%	290,4 k €	+261%	80,5 k €	-77.2%	352,9 k €	+328%	82,4 k €	+21.6%	67,7 k €	-14.3%	79,1 k €	+71.9%	46 k €	+101%	22,9 k €	-21.4%	29,1 k €	+15.7%	25,2 k €	-89.9%	248 k €	+235%	74 k €	-13.7%	85,7 k €	+44.7%	59,2 k €	+120%	26,9 k €	+14.6%	23,4 k €	-28.5%	32,8 k €
Operating result	7,1 k €	+119%	-37,9 k €	-117%	228,6 k €	+1132%	18,6 k €	-94.7%	352,9 k €	+478%	61,1 k €	+10.3%	55,4 k €	-12.4%	63,2 k €	+110%	30 k €	+346%	6,7 k €	-41.0%	11,4 k €	+15.1%	9,9 k €	-95.8%	233,9 k €	+297%	58,9 k €	-12.6%	67,3 k €	+71.6%	39,2 k €	+7523%	514,8 €	+115%	-3,5 k €	-116%	21,6 k €
Net result	1,7 k €	+101%	-112,3 k €	-164%	176,7 k €	+11467%	1,5 k €	-99.4%	251,4 k €	+530%	39,9 k €	+3.3%	38,7 k €	+2.3%	37,8 k €	+122%	17 k €	+4230%	393 €	-81.4%	2,1 k €	+9.1%	1,9 k €	-98.7%	145,8 k €	+322%	34,5 k €	-20.7%	43,6 k €	+200%	14,5 k €	+235%	-10,7 k €	+30.4%	-15,4 k €	-176%	20,2 k €
Balance sheet
Equity	598,8 k €	+0.3%	597,1 k €	-15.8%	709,4 k €	+33.2%	532,7 k €	+0.3%	531,1 k €	+89.9%	279,7 k €	+16.7%	239,7 k €	+19.2%	201,1 k €	+23.1%	163,3 k €	+11.6%	146,3 k €	+0.3%	145,9 k €	+1.5%	143,8 k €	-40.5%	241,9 k €	+152%	96,1 k €	+56.1%	61,6 k €	+242%	18 k €	+414%	3,5 k €	-75.4%	14,2 k €	-52.0%	29,6 k €
Total assets	932 k €	-18.4%	1,1 M €	-5.2%	1,2 M €	-8.5%	1,3 M €	-9.0%	1,4 M €	+111%	685,4 k €	+12.4%	609,8 k €	+81.4%	336,2 k €	+16.1%	289,5 k €	+0.9%	287 k €	-3.9%	298,7 k €	-0.1%	298,9 k €	-37.5%	477,9 k €	+67.1%	285,9 k €	-0.8%	288,2 k €	+8.6%	265,4 k €	+4.7%	253,5 k €	+339%	57,7 k €	+26.4%	45,7 k €
Cash	204,6 k €	+927%	19,9 k €	+391%	4,1 k €	-70.5%	13,8 k €	-92.8%	191,8 k €	+285%	49,9 k €	-25.8%	67,2 k €	-57.5%	158,1 k €	+51.0%	104,7 k €	+6.5%	98,3 k €	-5.0%	103,5 k €	+921%	10,1 k €	-91.7%	122 k €	+252%	34,6 k €	+8.6%	31,9 k €	-51.0%	65 k €	+26.8%	51,3 k €	+34.4%	38,2 k €	+64.1%	23,3 k €
Debts	333,2 k €	-38.9%	545,4 k €	+10.0%	496 k €	-36.8%	784,4 k €	-14.4%	916 k €	+126%	405,7 k €	+9.6%	370,1 k €	+174%	135,1 k €	+7.0%	126,2 k €	-3.4%	130,7 k €	-14.5%	152,8 k €	-1.5%	155,1 k €	-34.3%	236 k €	+24.3%	189,8 k €	-16.2%	226,7 k €	-8.4%	247,4 k €	-1.1%	250 k €	+474%	43,5 k €	+171%	16,1 k €

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 · 7 ended

Active mandates

Hilde Landsheere

Director · since 01 janvier 2025

Active

Piet Tyvaert

Director · since 21 juin 2021

Active

Ended mandates

Piet Tyvaert

Manager · since 07 janvier 2010

Ended

Hilde Landsheere

Manager · since 01 avril 2009 · until 07 janvier 2010

Ended

Hilde Landsheere

Manager · since 01 avril 2009

Ended

Hilde Landsheere

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	18 months	12 months
Filing date	21/08/2026	18/07/2025	05/12/2024	17/12/2023	31/12/2022	26/02/2021
General meeting	05/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	19/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	05/06/2026	21/08/2026	Dutch	PDF
Micro model	31/12/2024	07/06/2025	18/07/2025	Dutch	PDF
Micro model	31/12/2023	01/06/2024	05/12/2024	Dutch	PDF
Micro model	31/12/2022	03/06/2023	17/12/2023	Dutch	PDF
Micro model	31/12/2021	04/06/2022	31/12/2022	Dutch	PDF
Micro model	30/06/2020	19/12/2020	26/02/2021	Dutch	PDF
Micro model	30/06/2019	21/12/2019	14/09/2020	Dutch	PDF
Micro model	30/06/2018	15/12/2018	31/01/2019	Dutch	PDF
Micro model	30/06/2017	16/12/2017	28/02/2018	Dutch	PDF
Abridged model	30/06/2016	17/12/2016	28/02/2017	Dutch	PDF
Abridged model	30/06/2015	19/12/2015	29/02/2016	Dutch	PDF
Abridged model	30/06/2014	20/12/2014	31/03/2015	Dutch	PDF
Abridged model	30/06/2013	21/12/2013	14/02/2014	Dutch	PDF
Abridged model	30/06/2012	15/12/2012	28/03/2013	Dutch	PDF
Abridged model	30/06/2011	17/12/2011	15/02/2012	Dutch	PDF
Abridged model	30/06/2010	18/12/2010	29/03/2011	Dutch	PDF
Abridged model	30/06/2009	19/12/2009	26/02/2010	Dutch	PDF
Abridged model	30/06/2008	20/12/2008	17/02/2009	Dutch	PDF
Abridged model	30/09/2006	24/03/2007	24/07/2007	Dutch	PDF

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 · 7 ended

Active mandates

Hilde Landsheere

Director · since 01 janvier 2025

Active

Piet Tyvaert

Director · since 21 juin 2021

Active

Ended mandates

Piet Tyvaert

Manager · since 07 janvier 2010

Ended

Hilde Landsheere

Manager · since 01 avril 2009 · until 07 janvier 2010

Ended

Hilde Landsheere

Manager · since 01 avril 2009

Ended

Hilde Landsheere

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2021
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/10/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/10/2007
MAATSCHAPPELIJKE ZETEL - BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office03/08/2005
MAATSCHAPPELIJKE ZETEL
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 20251,7 k €↑
2024
Annual accounts 2024-112,3 k €↓
2023
Annual accounts 2023176,7 k €↑
2022
Annual accounts 20221,5 k €↓
2021
Annual accounts 2021251,4 k €↑
2020
Annual accounts 202039,9 k €↑
2019
Annual accounts 201938,7 k €↑
2018
Annual accounts 201837,8 k €↑
2017
Annual accounts 201717 k €↑
2016
Annual accounts 2016393 €↓
2015
Annual accounts 20152,1 k €↑
2014
Annual accounts 20141,9 k €↓
2013
Annual accounts 2013145,8 k €↑
2012
Annual accounts 201234,5 k €↓
2011
Annual accounts 201143,6 k €↑
2010
Annual accounts 201014,5 k €↑
2009
Annual accounts 2009-10,7 k €↑
2008
Annual accounts 2008-15,4 k €↓
2006
Annual accounts 200620,2 k €
06/01/2000
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

PHARUS

Overview

What does PHARUS do?

Trend over 19 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