ACTIVE

PHV Management

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

61,3 k €

-44.0% YoY

Gross margin

44,6 k €

-48.2% YoY

Equity

1,6 M €

+4.0% YoY

What does PHV Management do?

PHV Management is a Private limited company incorporated in 2007. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0891.347.054

Incorporation

09/08/2007

Legal form

Private limited company

Registered office

Rue Julien Vermeersch 20 box 11
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

636 200,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

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	44,6 k €	-48.2%	86,2 k €	+49.5%	57,7 k €	-55.2%	128,6 k €	-53.2%	274,8 k €	+34.9%	203,7 k €	+14.8%	177,4 k €	+44.3%	122,9 k €	+17.7%	104,4 k €	+23.7%	84,4 k €	+17.5%	71,8 k €	+0.8%	71,3 k €	+4.6%	68,1 k €	+21.9%	55,9 k €	-44.3%	100,3 k €	+71.6%	58,5 k €	+441%	-17,1 k €	-116%	108,9 k €
EBITDA	43 k €	-49.5%	85,2 k €	+229%	-65,9 k €	-156%	118,4 k €	-56.4%	271,7 k €	+37.0%	198,3 k €	+12.0%	177 k €	+44.4%	122,5 k €	+17.8%	104,1 k €	+23.8%	84 k €	+17.7%	71,4 k €	+0.8%	70,8 k €	+4.6%	67,7 k €	+22.8%	55,1 k €	-44.2%	98,9 k €	+70.4%	58 k €	+430%	-17,6 k €	-116%	108,1 k €
Operating result	43 k €	-49.2%	84,7 k €	+228%	-66 k €	-167%	98,7 k €	-61.0%	252,9 k €	+40.3%	180,2 k €	+13.6%	158,7 k €	+30.8%	121,3 k €	+18.0%	102,8 k €	+33.6%	76,9 k €	+13.0%	68,1 k €	+0.9%	67,4 k €	+5.7%	63,8 k €	+26.5%	50,4 k €	-46.2%	93,8 k €	+64.8%	56,9 k €	+403%	-18,8 k €	-118%	107,2 k €
Net result	61,3 k €	-44.0%	109,4 k €	+265%	-66,2 k €	-195%	69,6 k €	-58.9%	169,5 k €	+41.1%	120,1 k €	+21.9%	98,6 k €	+15.2%	85,5 k €	-4.4%	89,5 k €	+80.3%	49,6 k €	+33.3%	37,2 k €	-18.8%	45,8 k €	+8.6%	42,2 k €	+24.7%	33,8 k €	-46.1%	62,8 k €	+56.0%	40,3 k €	+399%	-13,5 k €	-120%	67,8 k €
Balance sheet
Equity	1,6 M €	+4.0%	1,5 M €	+7.7%	1,4 M €	-4.4%	1,5 M €	+4.9%	1,4 M €	+13.4%	1,3 M €	+10.5%	1,1 M €	+178%	409,2 k €	+26.4%	323,7 k €	+38.2%	234,2 k €	+26.9%	184,6 k €	+21.5%	152 k €	+43.2%	106,2 k €	+66.0%	64 k €	+37.2%	46,6 k €	+195%	15,8 k €	-38.1%	25,6 k €	-34.5%	39 k €
Total assets	1,6 M €	+1.9%	1,6 M €	+9.0%	1,4 M €	-5.8%	1,5 M €	+5.4%	1,5 M €	+12.8%	1,3 M €	+11.0%	1,2 M €	+161%	444,5 k €	+26.0%	352,7 k €	+35.5%	260,3 k €	+16.1%	224,3 k €	+39.4%	160,9 k €	+25.1%	128,6 k €	+27.1%	101,1 k €	-18.3%	123,7 k €	-18.9%	152,7 k €	+19.9%	127,3 k €	-6.9%	136,7 k €
Cash	1,4 M €	+823%	150,7 k €	-83.8%	929,9 k €	+12.4%	827,7 k €	+9.8%	753,8 k €	+13.5%	664,2 k €	+27.6%	520,3 k €	+33.8%	389 k €	+52.1%	255,8 k €	+28.5%	199 k €	+14.6%	173,7 k €	+226%	53,3 k €	+36.9%	38,9 k €	+411%	7,6 k €	-80.3%	38,7 k €	+277%	10,3 k €	+876%	1,1 k €	-94.1%	17,7 k €
Debts	3,5 k €	-89.8%	34,6 k €	+171%	12,8 k €	-60.7%	32,4 k €	+28.4%	25,3 k €	-17.5%	30,6 k €	+38.8%	22,1 k €	-37.2%	35,2 k €	+21.2%	29 k €	+11.2%	26,1 k €	-34.3%	39,7 k €	+344%	8,9 k €	-59.1%	21,9 k €	-40.6%	36,8 k €	-51.6%	76,1 k €	-44.4%	136,8 k €	+34.5%	101,7 k €	+4.2%	97,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Philippe Varin

Director

Active

Ended mandates

PHILIPPE VARIN

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Fox & Cie Belgium● Active	0757.767.364
Limitless Advisory● Active	1016.462.901
MILESTONE MANAGEMENT● Active	0820.015.234

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	20/02/2026	06/06/2025	28/06/2024	30/06/2023	25/05/2022	04/06/2021
General meeting	15/01/2026	04/06/2025	18/06/2024	27/06/2023	06/05/2022	02/06/2021
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 days

Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/01/2026	20/02/2026	French	PDF
Abridged model	31/12/2024	04/06/2025	06/06/2025	French	PDF
Abridged model	31/12/2023	18/06/2024	28/06/2024	French	PDF
Micro model	31/12/2022	27/06/2023	30/06/2023	French	PDF
Micro model	31/12/2021	06/05/2022	25/05/2022	French	PDF
Micro model	31/12/2020	02/06/2021	04/06/2021	French	PDF
Abridged model	31/12/2019	09/04/2020	12/06/2020	French	PDF
Abridged model	31/12/2018	10/05/2019	10/05/2019	French	PDF
Abridged model	31/12/2017	11/06/2018	15/06/2018	French	PDF
Micro model	31/12/2016	30/06/2017	28/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	15/06/2015	18/06/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	31/07/2013	French	PDF
Abridged model	31/12/2011	24/05/2012	08/06/2012	French	PDF
Abridged model	31/12/2010	18/05/2011	15/07/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	10/08/2010	French	PDF
Abridged model	31/12/2008	07/09/2009	17/09/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Philippe Varin

Director

Active

Ended mandates

PHILIPPE VARIN

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Court decision22/05/2026
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF
Registered office23/09/2020
SIEGE SOCIAL
PDF
Other26/07/2019
MODIFICATION FORME JURIDIQUE
PDF
Other13/08/2007
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202561,3 k €↓
2024
Annual accounts 2024109,4 k €↑
2023
Annual accounts 2023-66,2 k €↓
2022
Annual accounts 202269,6 k €↓
2021
Annual accounts 2021169,5 k €↑
2020
Annual accounts 2020120,1 k €↑
2019
Annual accounts 201998,6 k €↑
2018
Annual accounts 201885,5 k €↓
2017
Annual accounts 201789,5 k €↑
2016
Annual accounts 201649,6 k €↑
2015
Annual accounts 201537,2 k €↓
2014
Annual accounts 201445,8 k €↑
2013
Annual accounts 201342,2 k €↑
2012
Annual accounts 201233,8 k €↓
2011
Annual accounts 201162,8 k €↑
2010
Annual accounts 201040,3 k €↑
2009
Annual accounts 2009-13,5 k €↓
2008
Annual accounts 200867,8 k €
09/08/2007
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

PHV Management

Overview

What does PHV Management 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