PHSE Belgium
0887.339.865 · rovalta.com · 24/09/2026
ACTIVE
PHSE Belgium
Financial year 2025 · closed on 31/12/2025
Net result
87,1 k €
-14.7% YoY
Gross margin
718 k €
+9.2% YoY
Equity
114,1 k €
+322.7% YoY
Overview
What does PHSE Belgium do?
PHSE Belgium is a Private limited company incorporated in 2007. Its main activity is: Freight transport by road. Its registered office is in Herstal.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0887.339.865
Incorporation
19/02/2007
Legal form
Private limited company
Registered office
Rue de Hermée 255
4040 Herstal · WallonieSee on map
4040 Herstal · WallonieSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (2)
- 14003
- 226
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 718 k € | +9.2% | 657,6 k € | +103% | 324,7 k € | -0.8% | 327,4 k € | +36.9% | 239,2 k € | +81.4% | 131,9 k € | +1861% | 6,7 k € | +122% | -30,8 k € | -2437% | -1,2 k € | +76.8% | -5,2 k € | +46.4% | -9,8 k € | -132% | -4,2 k € | -36.8% | -3,1 k € | -107% | 42,5 k € | -70.1% | 142,2 k € | +30.4% | 109 k € | -31.2% | 158,5 k € | +36.1% | 116,5 k € |
| EBITDA | 195,1 k € | +4.1% | 187,5 k € | +327% | -82,5 k € | -178% | 105,6 k € | +114% | 49,5 k € | +180% | 17,6 k € | +135% | -50,8 k € | -61.7% | -31,4 k € | -1558% | -1,9 k € | +67.3% | -5,8 k € | +43.8% | -10,3 k € | -121% | -4,7 k € | +36.6% | -7,4 k € | -197% | 7,6 k € | -90.3% | 79,1 k € | +52.6% | 51,9 k € | -50.6% | 104,9 k € | +8.5% | 96,7 k € |
| Operating result | 133,8 k € | +7.4% | 124,6 k € | +189% | -139,6 k € | -283% | 76,1 k € | +141% | 31,6 k € | +365% | 6,8 k € | +111% | -60,4 k € | -53.4% | -39,4 k € | -1976% | -1,9 k € | +67.3% | -5,8 k € | +43.8% | -10,3 k € | -121% | -4,7 k € | +36.6% | -7,4 k € | -256% | 4,7 k € | -35.2% | 7,3 k € | +137% | -20 k € | -160% | 33,1 k € | +181% | -40,9 k € |
| Net result | 87,1 k € | -14.7% | 102,1 k € | +169% | -147,1 k € | -340% | 61,3 k € | +163% | 23,3 k € | +2146% | 1 k € | +102% | -64,3 k € | -61.3% | -39,8 k € | -1849% | -2 k € | +65.6% | -5,9 k € | +42.7% | -10,4 k € | -112% | -4,9 k € | -136% | 13,6 k € | -75.8% | 56,2 k € | +3783% | 1,4 k € | +105% | -28,1 k € | -226% | 22,3 k € | +143% | -51,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 114,1 k € | +323% | 27 k € | +136% | -75,1 k € | -204% | 72 k € | +576% | 10,6 k € | +184% | -12,7 k € | +7.6% | -13,7 k € | -127% | 50,6 k € | +1586% | -3,4 k € | -150% | -1,4 k € | -130% | 4,6 k € | -69.4% | 15 k € | -24.7% | 19,9 k € | +216% | 6,3 k € | +113% | -49,9 k € | +2.8% | -51,3 k € | -121% | -23,3 k € | +48.9% | -45,6 k € |
| Total assets | 559,2 k € | +15.5% | 484,3 k € | -4.3% | 505,9 k € | +30.8% | 386,9 k € | +53.6% | 252 k € | +60.8% | 156,7 k € | +16.6% | 134,4 k € | -42.3% | 232,9 k € | +903845% | 25,8 € | -92.8% | 358,4 € | -92.2% | 4,6 k € | -78.8% | 21,7 k € | -28.1% | 30,1 k € | -34.9% | 46,2 k € | -62.3% | 122,6 k € | -12.5% | 140,1 k € | -37.6% | 224,4 k € | -19.8% | 279,6 k € |
| Cash | 40,9 k € | +1055% | 3,5 k € | -67.1% | 10,8 k € | -74.8% | 42,8 k € | +13.2% | 37,8 k € | +69.7% | 22,3 k € | -72.4% | 80,7 k € | -54.3% | 176,8 k € | +686160% | 25,8 € | -92.8% | 358,4 € | -90.6% | 3,8 k € | -81.6% | 20,8 k € | -27.3% | 28,6 k € | -19.3% | 35,4 k € | +67.7% | 21,1 k € | -38.7% | 34,4 k € | -33.5% | 51,7 k € | +35.3% | 38,2 k € |
| Debts | 410,1 k € | -10.3% | 457,3 k € | -21.3% | 581,1 k € | +84.5% | 315 k € | +30.5% | 241,3 k € | +42.5% | 169,4 k € | +14.4% | 148,1 k € | -18.7% | 182,3 k € | +5217% | 3,4 k € | +99.7% | 1,7 k € | – | 6,7 k € | -34.6% | 10,2 k € | -15.6% | 12,1 k € | -92.9% | 170,8 k € | -10.0% | 189,7 k € | -22.9% | 246 k € | -23.9% | 323,5 k € | ||
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | 8,3 ETP | – | – | – | – | – | – | – | – | – | – | – | 0,5 ETP | -50.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | +233% | 0,3 ETP | |||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 14 ended
Active mandates
Andrea DEMEULENAERE
ActiveFabio MIOLI
ActiveFedele DE VITA
ActiveHans VAN DE MAELE
ActiveInglis GRAHAM
ActiveEnded mandates
Fabio MIOLI
EndedFedele DE VITA
EndedInglis GRAHAM
EndedAndrea Demeulenaere
EndedAt this address
Other companies at this address
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|---|---|
BALKAT● Bankrupt | 0808.929.322 |
NET SERVICES● Bankrupt | 0894.527.664 |
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TELIX INNOVATIONS● Active | 0627.636.718 |
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged 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 | 26/06/2026 | 23/06/2025 | 01/10/2024 | 21/06/2023 | 24/06/2022 | 23/08/2021 |
| General meeting | 18/05/2026 | 28/05/2025 | 01/09/2024 | 07/06/2023 | 01/06/2022 | 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
18 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 18/05/2026 | 26/06/2026 | French | |
| Abridged model | 31/12/2024 | 28/05/2025 | 23/06/2025 | French | |
| Micro model | 31/12/2023 | 01/09/2024 | 01/10/2024 | French | |
| Micro model | 31/12/2022 | 07/06/2023 | 21/06/2023 | French | |
| Micro model | 31/12/2021 | 01/06/2022 | 24/06/2022 | French | |
| Micro model | 31/12/2020 | 30/06/2021 | 23/08/2021 | French | |
| Micro model | 31/12/2019 | 30/06/2020 | 31/07/2020 | French | |
| Micro model | 31/12/2018 | 30/06/2019 | 12/08/2019 | French | |
| Micro model | 31/12/2017 | 06/06/2018 | 30/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 07/06/2017 | 27/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 01/06/2016 | 25/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 03/06/2015 | 30/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 04/06/2014 | 31/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 05/06/2013 | 29/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 06/06/2012 | 19/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 01/06/2011 | 05/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 02/06/2010 | 21/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 03/06/2009 | 23/06/2009 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 14 ended
Active mandates
Andrea DEMEULENAERE
ActiveFabio MIOLI
ActiveFedele DE VITA
ActiveHans VAN DE MAELE
ActiveInglis GRAHAM
ActiveEnded mandates
Fabio MIOLI
EndedFedele DE VITA
EndedInglis GRAHAM
EndedAndrea Demeulenaere
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates06/03/2026STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DIVERS - DEMISSIONS, NOMINATIONS
- Other14/03/2025STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates25/02/2025STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
- Mandates01/03/2021DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
- Registered office20/11/2020SIEGE SOCIAL
- Mandates13/11/2019DEMISSIONS, NOMINATIONS
- Mandates05/09/2018BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates05/09/2018DENOMINATION - SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202587,1 k €↓
- 2025Name changePHSE BELGIUM
- 2024Annual accounts 2024102,1 k €↑
- 2023Annual accounts 2023-147,1 k €↓
- 2022Annual accounts 202261,3 k €↑
- 2021Annual accounts 202123,3 k €↑
- 2020Annual accounts 20201 k €↑
- 2019Annual accounts 2019-64,3 k €↓
- 2018Annual accounts 2018-39,8 k €↓
- 2018Name changeWORLD INFINITY SERVICES
- 2017Annual accounts 2017-2 k €↑
- 2016Annual accounts 2016-5,9 k €↑
- 2015Annual accounts 2015-10,4 k €↓
- 2014Annual accounts 2014-4,9 k €↓
- 2013Annual accounts 201313,6 k €↓
- 2012Annual accounts 201256,2 k €↑
- 2011Annual accounts 20111,4 k €↑
- 2010Annual accounts 2010-28,1 k €↓
- 2009Annual accounts 200922,3 k €↑
- 2008Annual accounts 2008-51,8 k €
- 2008Name changeBP-INTERNATIONAL
- 19/02/2007IncorporationPrivate limited company