ACTIVE

PH & ASSOCIATES

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Financial year 2025 · closed on 30/06/2025

Net result

-29,6 k €

+5.7% YoY

Gross margin

34,3 k €

+425.3% YoY

Equity

467,8 k €

-5.9% YoY

What does PH & ASSOCIATES do?

PH & ASSOCIATES is a Private limited company incorporated in 2002. Its main activity is: Wired telecommunications activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.158.935

Incorporation

22/03/2002

Legal form

Private limited company

Registered office

Kleine Doornstraat 33
2610 Antwerpen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

61100Wired telecommunications activities· main 61200Wireless telecommunications activities 64200Activities of holding companies

Signals

Solid equityLow riskPositive EBITDA

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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		2007
Income statement
Gross margin	34,3 k €	+425%	6,5 k €	-95.1%	133,5 k €	+23.3%	108,2 k €	-1.0%	109,3 k €	-3.5%	113,3 k €	+3.6%	109,3 k €	+52.3%	71,8 k €	+99.8%	35,9 k €	-72.4%	130,2 k €	+27.6%	102 k €	+0.8%	101,3 k €	-10.2%	112,8 k €	+158%	43,7 k €	-42.2%	75,6 k €	-19.5%	93,9 k €	+33.9%	70,1 k €	+213%	22,4 k €	+20.3%	18,6 k €
EBITDA	31,1 k €	+825%	3,4 k €	-97.4%	129,4 k €	+23.2%	105 k €	-1.1%	106,2 k €	-2.2%	108,5 k €	+3.8%	104,5 k €	+51.9%	68,8 k €	+110%	32,7 k €	-74.5%	128,5 k €	+28.4%	100,1 k €	+19.2%	83,9 k €	-24.4%	111 k €	+1370%	7,5 k €	-89.6%	72,8 k €	-9.0%	80,1 k €	+57.2%	50,9 k €	+1328%	3,6 k €	-57.5%	8,4 k €
Operating result	3,8 k €	+115%	-25,6 k €	-125%	101,4 k €	+41.2%	71,8 k €	-8.4%	78,4 k €	-3.4%	81,2 k €	+22.7%	66,2 k €	+121%	30 k €	+547%	-6,7 k €	-107%	96,8 k €	+32.5%	73,1 k €	+16.4%	62,8 k €	-33.5%	94,4 k €	+1617%	-6,2 k €	-109%	69,8 k €	-6.8%	74,9 k €	+76.1%	42,5 k €	+1049%	-4,5 k €	-172%	6,2 k €
Net result	-29,6 k €	+5.7%	-31,4 k €	-158%	54,1 k €	+61.7%	33,4 k €	-11.2%	37,7 k €	+4.7%	36 k €	+29.1%	27,9 k €	+3852%	-743,2 €	+96.9%	-23,9 k €	-143%	55,2 k €	+29.0%	42,8 k €	+11.2%	38,5 k €	-36.0%	60,2 k €	+4149%	1,4 k €	-97.1%	48,3 k €	-5.6%	51,2 k €	+75.9%	29,1 k €	+584%	-6 k €	-263%	3,7 k €
Balance sheet
Equity	467,8 k €	-5.9%	497,4 k €	-5.9%	528,7 k €	+11.0%	476,3 k €	+7.2%	444,4 k €	+8.8%	408,4 k €	+9.2%	374 k €	+7.6%	347,7 k €	-0.2%	348,5 k €	-6.4%	372,3 k €	+17.4%	317,1 k €	+15.6%	274,3 k €	+16.3%	235,8 k €	+34.3%	175,6 k €	+0.8%	174,2 k €	+35.8%	128,2 k €	+61.4%	79,4 k €	+50.7%	52,7 k €	-10.3%	58,7 k €
Total assets	1 M €	-6.2%	1,1 M €	-2.1%	1,1 M €	+0.5%	1,1 M €	+1.2%	1,1 M €	+16.6%	928,7 k €	-15.6%	1,1 M €	-1.5%	1,1 M €	-6.2%	1,2 M €	+49.7%	795,9 k €	+8.5%	733,9 k €	+21.4%	604,7 k €	+28.4%	471 k €	+9.5%	430 k €	+118%	197,6 k €	+29.4%	152,7 k €	+29.1%	118,3 k €	+28.8%	91,8 k €	-9.3%	101,2 k €
Cash	19,9 k €	-19.1%	24,6 k €	-30.0%	35,1 k €	-88.4%	302,2 k €	+6.3%	284,4 k €	+67.2%	170,1 k €	+13.7%	149,6 k €	-0.2%	149,9 k €	-22.5%	193,5 k €	+52.9%	126,5 k €	+65.9%	76,3 k €	-32.4%	112,8 k €	+5.8%	106,7 k €	+33.0%	80,2 k €	-51.9%	166,6 k €	+31.1%	127,1 k €	+333%	29,4 k €	-18.4%	36 k €	-50.9%	73,2 k €
Debts	539,4 k €	-6.0%	574,1 k €	+1.2%	567,2 k €	-7.8%	615,4 k €	-3.0%	634,7 k €	+23.0%	516,1 k €	-28.5%	722 k €	-5.8%	766 k €	-8.4%	836,1 k €	+101%	416,9 k €	+1.1%	412,3 k €	+26.7%	325,3 k €	+41.2%	230,3 k €	-8.3%	251,1 k €	+1038%	22,1 k €	-5.9%	23,4 k €	-34.6%	35,8 k €	-2.1%	36,6 k €	-10.5%	40,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,2 ETP	-66.7%	0,6 ETP	0.0%	0,6 ETP	+20.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Martina Antonsen

Director · since 03 novembre 2014 · until 13 mars 2023

Active

Patrice Huybrechts

Director · since 12 mars 2002

Active

Ended mandates

Martina Antonsen

Director · since 03 novembre 2014

Ended

Martina Antonsen

Manager · since 03 novembre 2014

Ended

Patrice Huybrechts

Manager · since 12 mars 2002

Ended

PATRICE HUYBRECHTS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
T.A. Management● Active	0443.846.264

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/12/2025	24/12/2024	23/12/2023	30/01/2023	24/01/2022	18/12/2020
General meeting	12/12/2025	13/12/2024	08/12/2023	09/12/2022	10/12/2021	11/12/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	12/12/2025	21/12/2025	Dutch	PDF
Micro model	30/06/2024	13/12/2024	24/12/2024	Dutch	PDF
Micro model	30/06/2023	08/12/2023	23/12/2023	Dutch	PDF
Micro model	30/06/2022	09/12/2022	30/01/2023	Dutch	PDF
Micro model	30/06/2021	10/12/2021	24/01/2022	Dutch	PDF
Micro model	30/06/2020	11/12/2020	18/12/2020	Dutch	PDF
Micro model	30/06/2019	13/12/2019	24/12/2019	Dutch	PDF
Micro model	30/06/2018	14/12/2018	31/01/2019	Dutch	PDF
Micro model	30/06/2017	23/08/2017	28/09/2017	Dutch	PDF
Abridged model	30/06/2016	09/12/2016	27/12/2016	Dutch	PDF
Abridged model	30/06/2015	04/12/2015	16/12/2015	Dutch	PDF
Abridged model	30/06/2014	06/11/2014	31/12/2014	Dutch	PDF
Abridged model	30/06/2013	06/11/2013	28/11/2013	Dutch	PDF
Abridged model	30/06/2012	14/12/2012	08/02/2013	Dutch	PDF
Abridged model	30/06/2011	12/12/2011	28/12/2011	Dutch	PDF
Abridged model	30/06/2010	20/11/2010	24/11/2010	Dutch	PDF
Abridged model	30/06/2009	11/12/2009	18/12/2009	Dutch	PDF
Abridged model	30/06/2008	12/12/2008	30/01/2009	Dutch	PDF
Abridged model	30/06/2007	08/12/2007	08/01/2008	Dutch	PDF
Abridged model	30/06/2006	08/12/2006	02/01/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/06/2025 · 2 active · 4 ended

Active mandates

Martina Antonsen

Director · since 03 novembre 2014 · until 13 mars 2023

Active

Patrice Huybrechts

Director · since 12 mars 2002

Active

Ended mandates

Martina Antonsen

Director · since 03 novembre 2014

Ended

Martina Antonsen

Manager · since 03 novembre 2014

Ended

Patrice Huybrechts

Manager · since 12 mars 2002

Ended

PATRICE HUYBRECHTS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2004
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 2025-29,6 k €↑
2024
Annual accounts 2024-31,4 k €↓
2023
Annual accounts 202354,1 k €↑
2022
Annual accounts 202233,4 k €↓
2021
Annual accounts 202137,7 k €↑
2020
Annual accounts 202036 k €↑
2019
Annual accounts 201927,9 k €↑
2018
Annual accounts 2018-743,2 €↑
2017
Annual accounts 2017-23,9 k €↓
2016
Annual accounts 201655,2 k €↑
2015
Annual accounts 201542,8 k €↑
2014
Annual accounts 201438,5 k €↓
2013
Annual accounts 201360,2 k €↑
2012
Annual accounts 20121,4 k €↓
2011
Annual accounts 201148,3 k €↓
2010
Annual accounts 201051,2 k €↑
2009
Annual accounts 200929,1 k €↑
2008
Annual accounts 2008-6 k €↓
2007
Annual accounts 20073,7 k €
22/03/2002
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

PH & ASSOCIATES

Overview

What does PH & ASSOCIATES do?

Trend over 19 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