ACTIVE

PhaRa

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Financial year 2025 · closed on 31/12/2025

Net result

270,8 k €

-60.2% YoY

Gross margin

3,5 M €

+0.2% YoY

Equity

557,2 k €

0.0% YoY

Workforce

20,0 ETP

+11.1% YoY

What does PhaRa do?

PhaRa is a Private limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen. It employs on average 20,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.045.208

Incorporation

27/03/2002

Legal form

Private limited company

Registered office

Anneessensstraat 3-5
2018 Antwerpen · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Average workforce

20,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (3)

Contacts

2 public details availableLog in to view

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	3,5 M €	+0.2%	3,4 M €	+3.1%	3,3 M €	+29.1%	2,6 M €	-5.3%	2,7 M €	+49.8%	1,8 M €	+4.2%	1,7 M €	+9.8%	1,6 M €	+10.3%	1,4 M €	+20.3%	1,2 M €	+36.9%	877,3 k €	-7.0%	943,7 k €	+32.6%	711,7 k €	+42.0%	501,4 k €	+63.6%	306,5 k €
EBITDA	447,7 k €	-54.0%	972,5 k €	+27.9%	760,1 k €	+82.2%	417,2 k €	-37.6%	669,1 k €	+183%	236,4 k €	-33.6%	355,9 k €	+2.7%	346,5 k €	+24.3%	278,7 k €	-5.6%	295,2 k €	+71.4%	172,2 k €	-40.8%	290,8 k €	+10.2%	263,8 k €	+0.1%	263,6 k €	+23.5%	213,5 k €
Operating result	447,7 k €	-53.6%	964,2 k €	+29.1%	746,6 k €	+86.5%	400,3 k €	-38.8%	653,7 k €	+267%	178,3 k €	-28.5%	249,3 k €	+2.2%	244 k €	+34.0%	182,1 k €	-9.3%	200,8 k €	+43.4%	140,1 k €	-42.9%	245,4 k €	+11.7%	219,7 k €	-2.3%	224,9 k €	+19.5%	188,2 k €
Net result	270,8 k €	-60.2%	680,6 k €	+33.0%	511,8 k €	+74.9%	292,7 k €	-37.0%	464,3 k €	+110%	221,4 k €	+61.4%	137,2 k €	-0.5%	137,9 k €	+56.2%	88,3 k €	-37.4%	141,2 k €	+58.3%	89,2 k €	-42.5%	155 k €	+8.9%	142,3 k €	-14.6%	166,7 k €	+30.7%	127,6 k €
Balance sheet
Equity	557,2 k €	0.0%	557,2 k €	+5.5%	527,9 k €	-12.7%	604,9 k €	0.0%	604,9 k €	-3.2%	624,8 k €	+7.6%	580,5 k €	+5.0%	553,1 k €	-16.2%	660 k €	+15.4%	571,7 k €	+32.8%	430,6 k €	-4.0%	448,6 k €	+52.8%	293,6 k €	-16.4%	351,3 k €	+73.9%	202 k €
Total assets	2,3 M €	-4.2%	2,4 M €	+28.7%	1,8 M €	+6.4%	1,7 M €	-11.0%	1,9 M €	+36.6%	1,4 M €	+0.5%	1,4 M €	+1.7%	1,4 M €	-2.6%	1,4 M €	+13.5%	1,3 M €	+33.3%	939,5 k €	+10.7%	848,8 k €	+9.2%	777,5 k €	-4.0%	810,1 k €	+54.2%	525,4 k €
Cash	348,1 k €	-9.8%	385,7 k €	-1.2%	390,5 k €	+7.5%	363,1 k €	-32.0%	534,2 k €	+25.1%	427 k €	+52.9%	279,3 k €	-10.9%	313,4 k €	-13.1%	360,8 k €	+23.3%	292,6 k €	-33.3%	438,7 k €	+68.5%	260,4 k €	+7.3%	242,6 k €	-17.6%	294,6 k €	+133%	126,3 k €
Debts	1,7 M €	-5.0%	1,8 M €	+37.5%	1,3 M €	+16.6%	1,1 M €	-16.0%	1,3 M €	+70.4%	779,8 k €	-3.2%	805,8 k €	-1.8%	820,7 k €	+7.7%	762,3 k €	+12.1%	680,3 k €	+35.6%	501,6 k €	+25.3%	400,2 k €	-16.1%	477 k €	+5.1%	453,8 k €	+48.0%	306,6 k €
Other
Workforce	20,0 ETP	+11.1%	18,0 ETP	+5.3%	17,1 ETP	+8.9%	15,7 ETP	+9.0%	14,4 ETP	+18.0%	12,2 ETP	-3.9%	12,7 ETP	+25.7%	10,1 ETP	-12.9%	11,6 ETP	+13.7%	10,2 ETP	+32.5%	7,7 ETP	+2.7%	7,5 ETP	+74.4%	4,3 ETP	+115%	2,0 ETP	+81.8%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

PhaRA Holding

Director · since 26 mai 2025 · 0668.528.948

Represented by vertegenwoordigd door Ingrid Theeuwes INTH BV

Active

Ended mandates

PhaRA Holding

Manager · since 28 avril 2018 · 0668.528.948

Represented by Hendrik Goossens

Ended

PhaRA Holding

Director · since 26 avril 2018 · 0668.528.948

Represented by Hendrik Goossens

Ended

PhaRA Holding

Director · since 26 avril 2018 · 0668.528.948

Represented by Hendrik GOOSSENS

Ended

PENNIGER

Manager · since 01 avril 2011 · 0834.858.214

Represented by Zaakvoerder Theeuwes Ingrid

Ended

At this address

Other companies at this address

Company	CBE no.
EF● Active	0648.698.782
Groep Roosevelt● Active	0642.625.295
PhaRA Holding● Active	0668.528.948

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged 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	16/06/2026	28/05/2025	26/06/2024	21/06/2023	03/06/2022	28/05/2021
General meeting	08/06/2026	28/04/2025	28/05/2024	25/05/2023	27/05/2022	29/04/2021
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

25 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/06/2026	16/06/2026	Dutch	PDF
Abridged model	31/12/2024	28/04/2025	28/05/2025	Dutch	PDF
Abridged model	31/12/2023	28/05/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	25/05/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	03/06/2022	Dutch	PDF
Abridged model	31/12/2020	29/04/2021	28/05/2021	Dutch	PDF
Abridged modelCorrection	31/12/2019	31/07/2020	11/08/2020	Dutch	PDF
Abridged model	31/12/2019	30/04/2020	12/05/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	21/06/2019	Dutch	PDF
Abridged model	31/12/2017	26/04/2018	07/05/2018	Dutch	PDF
Abridged model	31/12/2016	28/04/2017	22/05/2017	Dutch	PDF
Abridged model	31/12/2015	29/04/2016	09/05/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	13/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	03/06/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	08/07/2013	Dutch	PDF
Abridged model	31/12/2011	13/07/2012	16/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	16/07/2010	Dutch	PDF
Abridged model	31/12/2008	03/07/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	18/04/2008	16/05/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	07/06/2007	Dutch	PDF
Abridged model	31/12/2005	31/03/2006	28/04/2006	Dutch	PDF
Abridged model	31/12/2004	25/03/2005	07/04/2005	Dutch	PDF
Abridged model	31/12/2003	16/04/2004	13/05/2004	Dutch	PDF

View all 25 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 1 active · 10 ended

Active mandates

PhaRA Holding

Director · since 26 mai 2025 · 0668.528.948

Represented by vertegenwoordigd door Ingrid Theeuwes INTH BV

Active

Ended mandates

PhaRA Holding

Manager · since 28 avril 2018 · 0668.528.948

Represented by Hendrik Goossens

Ended

PhaRA Holding

Director · since 26 avril 2018 · 0668.528.948

Represented by Hendrik Goossens

Ended

PhaRA Holding

Director · since 26 avril 2018 · 0668.528.948

Represented by Hendrik GOOSSENS

Ended

PENNIGER

Manager · since 01 avril 2011 · 0834.858.214

Represented by Zaakvoerder Theeuwes Ingrid

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring11/03/2026
DOEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring31/12/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates05/06/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Other14/05/2025
DIVERSEN
PDF
Other10/01/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING
PDF
Mandates12/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/01/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office03/12/2014
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 2025270,8 k €↓
2024
Annual accounts 2024680,6 k €↑
2023
Annual accounts 2023511,8 k €↑
2022
Annual accounts 2022292,7 k €↓
2021
Annual accounts 2021464,3 k €↑
2018
Annual accounts 2018221,4 k €↑
2017
Annual accounts 2017137,2 k €↓
2016
Annual accounts 2016137,9 k €↑
2015
Annual accounts 201588,3 k €↓
2014
Annual accounts 2014141,2 k €↑
2013
Annual accounts 201389,2 k €↓
2012
Annual accounts 2012155 k €↑
2011
Annual accounts 2011142,3 k €↓
2010
Annual accounts 2010166,7 k €↑
2009
Annual accounts 2009127,6 k €
27/03/2002
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

PhaRa

Overview

What does PhaRa do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

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