ACTIVE

PHARA Flex

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Financial year 2025 · closed on 30/06/2025

Net result

40,1 k €

-21.0% YoY

Gross margin

556,6 k €

+39.8% YoY

Equity

142,4 k €

-6.5% YoY

Workforce

9,1 ETP

+16.7% YoY

What does PHARA Flex do?

PHARA Flex is a Private limited company incorporated in 2004. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Awans. It employs on average 9,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.401.289

Incorporation

06/12/2004

Legal form

Private limited company

Registered office

Rue Delvaux 21
4340 Awans · WallonieSee on map

Contributed capital

41 392,29 €

Latest accounts

30/06/2025

Average workforce

9,1 ETP

Activities (NACE)

43990Other specialised construction activities n.e.c.· main 43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	556,6 k €	+39.8%	398,1 k €	+98.3%	200,7 k €	-33.5%	302 k €	-48.9%	590,9 k €	+71.2%	345,2 k €	-22.5%	445,3 k €	-17.7%	541,2 k €	+16.8%	463,4 k €	-17.7%	563,2 k €	+6.4%	529,1 k €	-3.1%	545,8 k €	+16.4%	469,1 k €	-6.8%	503,2 k €	+14.4%	439,9 k €	-4.9%	462,8 k €	+17.2%	394,7 k €	+55.8%	253,3 k €
EBITDA	42,5 k €	-17.7%	51,6 k €	+135%	-149,3 k €	-21395%	701,1 €	-99.8%	306,9 k €	+1340%	21,3 k €	-80.5%	109,6 k €	-14.6%	128,3 k €	-20.1%	160,5 k €	-15.7%	190,3 k €	-9.5%	210,2 k €	-8.1%	228,8 k €	+36.0%	168,2 k €	+25.7%	133,9 k €	-33.0%	199,7 k €	-11.3%	225,1 k €	-9.2%	247,8 k €	+203%	81,9 k €
Operating result	58,6 k €	-6.1%	62,4 k €	+354%	-24,5 k €	-215%	21,3 k €	-93.0%	306,1 k €	+1385%	20,6 k €	-78.4%	95,4 k €	-7.0%	102,6 k €	-15.7%	121,8 k €	-10.5%	136,1 k €	-8.3%	148,5 k €	-1.9%	151,3 k €	+16.7%	129,6 k €	+23.4%	105,1 k €	-35.0%	161,6 k €	-9.0%	177,7 k €	-14.5%	207,9 k €	+1323%	14,6 k €
Net result	40,1 k €	-21.0%	50,7 k €	+298%	-25,7 k €	-280%	14,2 k €	-93.9%	232,4 k €	+1324%	16,3 k €	-74.1%	62,9 k €	-9.9%	69,8 k €	-13.2%	80,4 k €	-14.3%	93,8 k €	-8.8%	102,9 k €	+3.0%	99,9 k €	+17.5%	85 k €	+10.3%	77 k €	-31.6%	112,6 k €	-10.4%	125,7 k €	-9.5%	138,9 k €	+823%	15 k €
Balance sheet
Equity	142,4 k €	-6.5%	152,4 k €	+7.0%	142,4 k €	-15.7%	169 k €	+2.0%	165,6 k €	+0.9%	164,1 k €	-29.3%	232,3 k €	+18.6%	195,8 k €	+4.5%	187,4 k €	+26.0%	148,8 k €	+0.7%	147,7 k €	+0.1%	147,5 k €	-2.0%	150,5 k €	-1.9%	153,3 k €	-53.4%	329,1 k €	+49.5%	220,1 k €	-31.1%	319,3 k €	+72.2%	185,4 k €
Total assets	401,3 k €	-8.9%	440,7 k €	-8.1%	479,8 k €	-0.8%	483,4 k €	-34.9%	742,5 k €	+46.2%	507,8 k €	-18.7%	624,6 k €	-14.0%	726,1 k €	-1.0%	733,7 k €	+3.5%	708,6 k €	-4.4%	740,8 k €	-36.9%	1,2 M €	+16.0%	1 M €	+26.6%	799,2 k €	+0.4%	796 k €	-11.6%	900,1 k €	-12.1%	1 M €	+12.3%	912 k €
Cash	12,8 k €	-44.8%	23,3 k €	-19.0%	28,7 k €	-79.5%	140 k €	-45.1%	254,9 k €	+145%	104,1 k €	+103%	51,2 k €	+76.2%	29,1 k €	+358%	6,3 k €	-52.4%	13,3 k €	-81.2%	71 k €	-54.8%	157,2 k €	+43.7%	109,4 k €	-40.2%	183,1 k €	+8.2%	169,3 k €	+1165%	13,4 k €	-96.5%	378,9 k €	+3598%	10,2 k €
Debts	230,9 k €	-4.7%	242,4 k €	-14.4%	283,1 k €	+109%	135,4 k €	-64.0%	376,6 k €	+201%	125,1 k €	-5.2%	132 k €	-40.8%	222,9 k €	-19.5%	276,8 k €	-6.4%	295,6 k €	-19.1%	365,2 k €	-52.9%	775,5 k €	+21.0%	640,8 k €	+43.7%	445,8 k €	+19.0%	374,6 k €	-38.7%	610,6 k €	-7.0%	656,9 k €	+0.7%	652,5 k €
Other
Workforce	9,1 ETP	+16.7%	7,8 ETP	-1.3%	7,9 ETP	-10.2%	8,8 ETP	+6.0%	8,3 ETP	+3.8%	8,0 ETP	+5.3%	7,6 ETP	-6.2%	8,1 ETP	+14.1%	7,1 ETP	-12.3%	8,1 ETP	-10.0%	9,0 ETP	+15.4%	7,8 ETP	+11.4%	7,0 ETP	-2.8%	7,2 ETP	+10.8%	6,5 ETP	-1.5%	6,6 ETP	+4.8%	6,3 ETP	+103%	3,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 16 ended

Active mandates

François Cordonnier

Director · since 29 décembre 2021

Active

Gérard Cordonnier

Director · since 29 décembre 2021

Active

Ended mandates

Marianne LAGROU

Director · since 05 octobre 2016 · until 05 octobre 2022

Ended

Michel KOCH

Managing director · since 05 octobre 2016 · until 05 octobre 2022

Ended

Philippe THIBEAU

Director · since 05 octobre 2016 · until 05 octobre 2022

Ended

Marianne LAGROU

Director · since 05 octobre 2010 · until 05 octobre 2016

Ended

At this address

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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	01/07/2024	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	04/11/2025	14/11/2024	12/10/2023	07/10/2022	06/10/2021	15/10/2020
General meeting	07/10/2025	05/11/2024	03/10/2023	04/10/2022	05/10/2021	06/10/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	07/10/2025	04/11/2025	French	PDF
Abridged model	30/06/2024	05/11/2024	14/11/2024	French	PDF
Abridged model	30/06/2023	03/10/2023	12/10/2023	French	PDF
Abridged model	30/06/2022	04/10/2022	07/10/2022	French	PDF
Abridged model	30/06/2021	05/10/2021	06/10/2021	French	PDF
Abridged model	30/06/2020	06/10/2020	15/10/2020	French	PDF
Abridged model	30/06/2019	01/10/2019	10/10/2019	French	PDF
Abridged model	30/06/2018	02/10/2018	10/10/2018	French	PDF
Abridged model	30/06/2017	03/10/2017	03/10/2017	French	PDF
Abridged model	30/06/2016	04/10/2016	12/10/2016	French	PDF
Abridged model	30/06/2015	16/10/2015	02/12/2015	French	PDF
Abridged model	30/06/2014	16/10/2014	27/10/2014	French	PDF
Abridged model	30/06/2013	16/10/2013	27/10/2014	French	PDF
Abridged model	30/06/2012	16/10/2012	17/10/2012	French	PDF
Abridged model	30/06/2011	14/10/2011	31/10/2011	French	PDF
Abridged model	30/06/2010	05/10/2010	05/11/2010	French	PDF
Abridged model	30/06/2009	16/10/2009	28/10/2009	French	PDF
Abridged model	30/06/2008	16/10/2008	07/11/2008	French	PDF
Abridged model	30/06/2007	16/10/2007	08/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 30/06/2025 · 2 active · 16 ended

Active mandates

François Cordonnier

Director · since 29 décembre 2021

Active

Gérard Cordonnier

Director · since 29 décembre 2021

Active

Ended mandates

Marianne LAGROU

Director · since 05 octobre 2016 · until 05 octobre 2022

Ended

Michel KOCH

Managing director · since 05 octobre 2016 · until 05 octobre 2022

Ended

Philippe THIBEAU

Director · since 05 octobre 2016 · until 05 octobre 2022

Ended

Marianne LAGROU

Director · since 05 octobre 2010 · until 05 octobre 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/11/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates20/12/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates13/01/2022
DEMISSIONS, NOMINATIONS
PDF
Restructuring14/02/2019
SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring06/12/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates09/11/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates27/10/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates22/08/2007
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

2025
Annual accounts 202540,1 k €↓
2024
Annual accounts 202450,7 k €↑
2023
Annual accounts 2023-25,7 k €↓
2022
Annual accounts 202214,2 k €↓
2021
Annual accounts 2021232,4 k €↑
2020
Annual accounts 202016,3 k €↓
2018
Annual accounts 201862,9 k €↓
2017
Annual accounts 201769,8 k €↓
2016
Annual accounts 201680,4 k €↓
2015
Annual accounts 201593,8 k €↓
2014
Annual accounts 2014102,9 k €↑
2013
Annual accounts 201399,9 k €↑
2012
Annual accounts 201285 k €↑
2011
Annual accounts 201177 k €↓
2010
Annual accounts 2010112,6 k €↓
2009
Annual accounts 2009125,7 k €↓
2008
Annual accounts 2008138,9 k €↑
2007
Annual accounts 200715 k €
06/12/2004
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 Flex

Overview

What does PHARA Flex do?

Trend over 18 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