ACTIVE

Phinaïs

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Financial year 2025 · Closed on 31/12/2025

Net result5,4 M €+44,1 %over 1 year

Gross margin-429,2 k €-417,2 %over 1 year

Equity31,8 M €+20,3 %over 1 year

Workforce0,7 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

Phinaïs is a Private limited company incorporated in 2017. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Woluwe-Saint-Pierre. It employs on average 0,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0684.977.079
Incorporation: 24/11/2017
Legal form: Private limited company
Registered office: Bovenberg 118
1150 Woluwe-Saint-Pierre · BruxellesSee on map
Contributed capital: 13 686 050,60 €
Latest accounts: 31/12/2025
Average workforce: 0,7 ETP

Activities (NACE)

72109Research and experimental development on natural sciences and engineering· main 72190Other research and experimental development on natural sciences and engineering

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 9 filings

Trend over 8 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-429,2 k €	-417%	-83 k €	+64.2%	-231,9 k €	+35.7%	-360,5 k €	-23.3%	-292,3 k €
EBITDA	-511 k €	-214%	-162,9 k €	+46.4%	-303,8 k €	+28.4%	-424,4 k €	-20.8%	-351,3 k €
Operating result	-511 k €	-213%	-163,2 k €	+46.4%	-304,2 k €	+28.4%	-424,8 k €	-20.9%	-351,3 k €
Net result	5,4 M €	+44.1%	3,7 M €	+1058%	-387,7 k €	+92.0%	-4,9 M €	-156%	8,7 M €
Balance sheet
Equity	31,8 M €	+20.3%	26,4 M €	+16.4%	22,7 M €	-1.7%	23,1 M €	-17.4%	28 M €
Total assets	70 M €	+5.8%	66,1 M €	-28.6%	92,6 M €	+18.6%	78,1 M €	+0.4%	77,8 M €
Cash	3,5 M €	+11391%	30,8 k €	-78.4%	142,9 k €	-2.6%	146,7 k €	+27.5%	115 k €
Debts	38,2 M €	-3.8%	39,7 M €	-43.2%	69,9 M €	+27.1%	55 M €	+10.4%	49,8 M €
Other
Workforce	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benoît DUPLAT	Directorsince 28/06/2024

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BBW0439.383.571Represented by Benoît DUPLAT	Director24/11/2017 → 28/06/2024Manager2018 accounts

Other companies at this address

Bovenberg 118 1150 Woluwe-Saint-Pierre

Company	CBE no.
AC Partners● Active	0786.804.513
Alpha Charlie● Active	0684.974.903
Carenel● Active	0733.533.301
CDD GROUP● Active	0700.970.894
EDWIGE● Active	0690.564.477
Feu Vert● Active	0777.484.494
G Partners (Belgium)● Active	0463.704.639
MIF BE● Active	0740.567.878
MIF UK● Active	0740.568.274
OPRIVA● Active	0774.851.737
PREVENTI● Active	1015.263.465
PROVIA● Active	0649.897.921
Senior Consult● Active	0432.035.228
TERMINUS● Active	1024.493.016

Full financial information

Source · NBB

	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	28/07/2026	30/07/2025	27/09/2024	28/07/2023	29/07/2022	28/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 9 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	28/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	27/09/2024	French	PDF
Abridged modelCorrection	31/12/2022	30/06/2023	28/07/2023	French	PDF
Abridged model	31/12/2022	30/06/2023	24/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	29/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	28/07/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	24/07/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	25/07/2019	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benoît DUPLAT	Directorsince 28/06/2024

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BBW0439.383.571Represented by Benoît DUPLAT	Director24/11/2017 → 28/06/2024Manager2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates12/11/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office07/07/2022
SIEGE SOCIAL
PDF
Other02/07/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET
PDF
Registered office01/03/2018
SIEGE SOCIAL - CAPITAL, ACTIONS
PDF
Other28/11/2017
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings8 filings

Mandates

Benoît DUPLAT

BBW

2017201820192020202120222023202420252026

Phinaïs

Bovenberg 118, 1150 Woluwe-Saint-Pierre

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Bovenberg 118, 1150 Woluwe-Saint-PierreCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00341361

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
PhinaïsCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00341361

Events

2025
Annual accounts 20255,4 M €↑
2024
Annual accounts 20243,7 M €↑
28/06/2024
nominationBenoît DUPLAT · administrateur
2023
Annual accounts 2023-387,7 k €↑
2022
Annual accounts 2022-4,9 M €↓
2021
Annual accounts 20218,7 M €↑
2020
Annual accounts 20202,3 M €↑
2019
Annual accounts 20191,2 M €↓
2018
Annual accounts 20182,1 M €
24/11/2017
IncorporationPrivate limited company

Phinaïs

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events