ACTIVE

PHICAP INVESTMENT MANAGEMENT

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Financial year 2025 · closed on 31/12/2025
Net result
5,6 k €
+18.7% YoY
Gross margin
22 k €
-65.2% YoY
Equity
20,6 k €
+36.9% YoY

What does PHICAP INVESTMENT MANAGEMENT do?

PHICAP INVESTMENT MANAGEMENT is a Public limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Watermael-Boitsfort.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0864.348.885
Incorporation
26/03/2004
Legal form
Public limited company
Registered office
Boulevard du Souverain 100
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
61 627,60 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities74142Specialised design activities41101Development of building projects68121Buying and selling of own real estate70111Activities of head offices
Joint committees (2)
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin22 k €63,3 k €93,4 k €82,4 k €222,7 k €-86,1 k €161 k €78,2 k €151,8 k €159 k €183,4 k €110,8 k €101,8 k €-42,5 k €207,7 k €-36,2 k €-85,5 k €-192,6 k €
EBITDA17,1 k €11,2 k €23,1 k €38 k €183,4 k €-126 k €91,9 k €33,6 k €95 k €88,2 k €125,2 k €50,6 k €40,7 k €-102 k €146,4 k €-92 k €-200 k €-361,7 k €
Operating result15,5 k €9,9 k €21,7 k €35,9 k €181,8 k €-127,1 k €90,7 k €30,2 k €91,6 k €85,5 k €124,7 k €47,3 k €39,5 k €-102,9 k €144,2 k €-96,8 k €-204,8 k €-364,4 k €
Net result5,6 k €4,7 k €14,6 k €106,8 k €181,8 k €98,3 k €87,6 k €128,2 k €90,1 k €82,6 k €140,9 k €38,5 k €24,8 k €-122,5 k €118,4 k €-118 k €-278 k €-411,4 k €
Balance sheet
Equity20,6 k €15,1 k €10,4 k €-4,3 k €187,4 k €747,3 k €648,9 k €561,3 k €433 k €342,9 k €260,3 k €119,4 k €-959,3 k €-984,1 k €-861,6 k €-980 k €-862 k €-584 k €
Total assets176,5 k €107 k €103,9 k €201,1 k €527 k €875,9 k €670,2 k €675,3 k €575,2 k €476,5 k €546,8 k €184,5 k €199,2 k €142,2 k €249,9 k €154,7 k €178,7 k €101,4 k €
Cash131,9 k €19,7 k €33,4 k €164,2 k €478,7 k €604,8 k €629,2 k €581,8 k €503,4 k €369,6 k €411,1 k €36 k €50,7 k €12,7 k €55,1 k €183,4 €275,9 €407,2 €
Debts155,7 k €91,7 k €93,6 k €193,1 k €327,9 k €115,3 k €8,6 k €13,7 k €51,6 k €26,1 k €94,1 k €51,6 k €1,1 M €1,1 M €1,1 M €1,1 M €1 M €671,1 k €
Other
Workforce–1,0 ETP1,0 ETP0,7 ETP–0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP2,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 18 ended

Active mandates

Anthony ANDERSON

Managing director · since 14 février 2022 · until 22 décembre 2025

Active
Michael Goldberg

Director · since 14 février 2022 · until 06 juin 2028

Active

Ended mandates

Anthony Anderson

Managing director · since 14 février 2022 · until 06 juin 2028

Ended
EVEREST INVEST

Director · since 01 juin 2021 · until 14 février 2022 · 0821.832.696

Represented by Anthony Anderson

Ended
Anthony Anderson

Director · since 02 juin 2015 · until 05 mai 2021

Ended
Anthony Anderson

Director · since 02 juin 2015 · until 01 juin 2021

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/08/202625/06/202522/07/202426/06/202330/06/202211/06/2021
General meeting25/06/202625/06/202519/07/202406/06/202307/06/202201/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202525/06/202603/08/2026FrenchPDF
Abridged model31/12/202425/06/202525/06/2025FrenchPDF
Abridged model31/12/202319/07/202422/07/2024FrenchPDF
Abridged model31/12/202206/06/202326/06/2023FrenchPDF
Micro model31/12/202107/06/202230/06/2022FrenchPDF
Abridged model31/12/202001/06/202111/06/2021FrenchPDF
Abridged model31/12/201902/06/202017/06/2020FrenchPDF
Abridged model31/12/201804/06/201918/06/2019FrenchPDF
Abridged model31/12/201705/06/201827/06/2018FrenchPDF
Abridged model31/12/201606/06/201723/06/2017FrenchPDF
Abridged model31/12/201507/06/201630/06/2016FrenchPDF
Abridged model31/12/201402/06/201527/07/2015FrenchPDF
Abridged model31/12/201303/06/201401/07/2014FrenchPDF
Abridged model31/12/201204/06/201326/07/2013FrenchPDF
Abridged model31/12/201105/06/201231/07/2012FrenchPDF
Abridged model31/12/201007/06/201110/06/2011FrenchPDF
Abridged model31/12/200901/06/201010/06/2010FrenchPDF
Abridged model31/12/200802/06/200928/07/2009FrenchPDF
Abridged model31/12/200703/06/200824/07/2008FrenchPDF
Abridged model31/12/200624/05/200703/08/2007FrenchPDF
Abridged modelCorrection31/12/200506/06/200608/05/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 18 ended

Active mandates

Anthony ANDERSON

Managing director · since 14 février 2022 · until 22 décembre 2025

Active
Michael Goldberg

Director · since 14 février 2022 · until 06 juin 2028

Active

Ended mandates

Anthony Anderson

Managing director · since 14 février 2022 · until 06 juin 2028

Ended
EVEREST INVEST

Director · since 01 juin 2021 · until 14 février 2022 · 0821.832.696

Represented by Anthony Anderson

Ended
Anthony Anderson

Director · since 02 juin 2015 · until 05 mai 2021

Ended
Anthony Anderson

Director · since 02 juin 2015 · until 01 juin 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/06/2023
    DENOMINATION
    PDF
  • Mandates25/03/2022
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares11/02/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates08/11/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/05/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office07/02/2017
    SIEGE SOCIAL
    PDF
  • Mandates24/10/2016
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 20255,6 k €↑
  2. 2024
    Annual accounts 20244,7 k €↓
  3. 2023
    Annual accounts 202314,6 k €↓
  4. 2023
    Name changePHICAP INVESTMENT MANAGEMENT
  5. 2022
    Annual accounts 2022106,8 k €↓
  6. 2021
    Annual accounts 2021181,8 k €↑
  7. 2020
    Annual accounts 202098,3 k €↑
  8. 2019
    Annual accounts 201987,6 k €↓
  9. 2018
    Annual accounts 2018128,2 k €↑
  10. 2017
    Annual accounts 201790,1 k €↑
  11. 2016
    Annual accounts 201682,6 k €↓
  12. 2015
    Annual accounts 2015140,9 k €↑
  13. 2014
    Annual accounts 201438,5 k €↑
  14. 2013
    Annual accounts 201324,8 k €↑
  15. 2012
    Annual accounts 2012-122,5 k €↓
  16. 2011
    Annual accounts 2011118,4 k €↑
  17. 2010
    Annual accounts 2010-118 k €↑
  18. 2009
    Annual accounts 2009-278 k €↑
  19. 2008
    Annual accounts 2008-411,4 k €
  20. 2008
    Name changeEUROCAPITAL PROPERTY INVESTORS
  21. 26/03/2004
    IncorporationPublic limited company