ACTIVE

PHIMAD

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Financial year 2025 · closed on 31/12/2025

Net result

45,5 k €

+35.1% YoY

Gross margin

113,4 k €

+9.5% YoY

Equity

339,4 k €

+4.3% YoY

What does PHIMAD do?

PHIMAD is a Private limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0810.964.639

Incorporation

06/04/2009

Legal form

Private limited company

Registered office

Napoleonkaai 13 box A201
2000 Antwerpen · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 82100Office administrative and support activities 82110Combined office administrative service activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2011
Income statement
Gross margin	113,4 k €	+9.5%	103,6 k €	-9.4%	114,3 k €	+15.8%	98,8 k €	+43.7%	68,7 k €	-17.1%	82,9 k €	+52.5%	54,4 k €	-36.4%	85,5 k €	-14.3%	99,8 k €	+6.0%	94,1 k €	-38.3%	152,5 k €	+158%	59,2 k €
EBITDA	111,3 k €	+9.8%	101,3 k €	-9.3%	111,7 k €	+16.3%	96,1 k €	+42.8%	67,3 k €	-16.6%	80,7 k €	+55.0%	52,1 k €	-37.5%	83,3 k €	-14.5%	97,4 k €	+7.4%	90,7 k €	-39.5%	149,9 k €	+159%	58 k €
Operating result	80,7 k €	+13.1%	71,3 k €	-14.2%	83,1 k €	+23.1%	67,5 k €	+73.5%	38,9 k €	-29.8%	55,4 k €	+107%	26,7 k €	-52.5%	56,2 k €	-27.9%	77,9 k €	+23.1%	63,3 k €	-45.8%	116,9 k €	+142%	48,3 k €
Net result	45,5 k €	+35.1%	33,7 k €	-22.5%	43,5 k €	+52.8%	28,4 k €	+1825%	1,5 k €	-91.7%	17,8 k €	+741%	-2,8 k €	-119%	14,6 k €	-49.5%	28,9 k €	+87.6%	15,4 k €	-65.0%	44,2 k €	+71.3%	25,8 k €
Balance sheet
Equity	339,4 k €	+4.3%	325,3 k €	+7.3%	303 k €	+10.7%	273,8 k €	+2.6%	266,8 k €	+46.2%	182,4 k €	+10.8%	164,7 k €	-1.7%	167,5 k €	+9.6%	152,8 k €	+23.4%	123,9 k €	+14.2%	108,5 k €	+285%	28,2 k €
Total assets	744,3 k €	-4.3%	777,5 k €	-2.1%	793,9 k €	-3.0%	818,3 k €	-1.3%	829,4 k €	-2.6%	851,7 k €	-1.2%	861,9 k €	-4.2%	899,9 k €	-3.1%	929 k €	-3.3%	961,1 k €	-4.2%	1 M €	+1121%	82,2 k €
Cash	151 k €	-4.4%	158 k €	+3.9%	152,1 k €	+0.1%	151,9 k €	+14.5%	132,7 k €	+178%	47,8 k €	-8.6%	52,2 k €	-32.5%	77,4 k €	+38.4%	55,9 k €	-8.8%	61,3 k €	-26.3%	83,2 k €	+163%	31,7 k €
Debts	404,9 k €	-10.5%	452,3 k €	-7.9%	490,9 k €	-9.8%	544,5 k €	-3.2%	562,6 k €	-15.9%	669,1 k €	-4.0%	697,2 k €	-4.8%	732,3 k €	-5.7%	776,1 k €	-7.3%	837,2 k €	-6.5%	895,1 k €	+1557%	54 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 · 1 active · 4 ended

Active mandates

Philippe Baetens

Director · since 01 avril 2009

Active

Ended mandates

Fabienne Riguelle

Manager · since 15 juin 2009

Ended

Philippe Baetens

Manager · since 01 avril 2009

Ended

Fabienne Riguelle

Mandate

Ended

Philippe Baetens

Mandate

Ended

At this address

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Dr. E. Mertens● Active	0458.555.820
Luwai Foundation● Active	1017.826.641
PYRO MAGALI● Active	1012.222.021
Stroobants invest● Active	0724.875.060

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	01/01/2021	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	30/06/2026	11/07/2025	28/06/2024	08/06/2023	09/06/2022	11/06/2021
General meeting	25/05/2026	26/05/2025	27/05/2024	30/05/2023	30/05/2022	31/05/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	25/05/2026	30/06/2026	Dutch	PDF
Micro model	31/12/2024	26/05/2025	11/07/2025	Dutch	PDF
Micro model	31/12/2023	27/05/2024	28/06/2024	Dutch	PDF
Micro model	31/12/2022	30/05/2023	08/06/2023	Dutch	PDF
Micro model	31/12/2021	30/05/2022	09/06/2022	Dutch	PDF
Micro model	31/12/2020	31/05/2021	11/06/2021	Dutch	PDF
Micro model	31/12/2019	25/05/2020	10/06/2020	Dutch	PDF
Micro model	31/12/2018	27/05/2019	28/05/2019	Dutch	PDF
Micro model	31/12/2017	28/05/2018	29/05/2018	Dutch	PDF
Micro model	31/12/2016	29/05/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	31/05/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	27/06/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	22/07/2011	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 · 1 active · 4 ended

Active mandates

Philippe Baetens

Director · since 01 avril 2009

Active

Ended mandates

Fabienne Riguelle

Manager · since 15 juin 2009

Ended

Philippe Baetens

Manager · since 01 avril 2009

Ended

Fabienne Riguelle

Mandate

Ended

Philippe Baetens

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates25/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other27/11/2015
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office18/10/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Other15/04/2009
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202545,5 k €↑
2024
Annual accounts 202433,7 k €↓
2023
Annual accounts 202343,5 k €↑
2022
Annual accounts 202228,4 k €↑
2021
Annual accounts 20211,5 k €↓
2018
Annual accounts 201817,8 k €↑
2017
Annual accounts 2017-2,8 k €↓
2016
Annual accounts 201614,6 k €↓
2015
Annual accounts 201528,9 k €↑
2014
Annual accounts 201415,4 k €↓
2013
Annual accounts 201344,2 k €↑
2011
Annual accounts 201125,8 k €
06/04/2009
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

PHIMAD

Overview

What does PHIMAD do?

Trend over 12 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