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hi there,
phase 1 usually starts at 9 o'clock (briefing in the cantine), the test itself starts at 10 o'clock.
The very first part of the selection process ends around 12-13 o'clock and if you reach the standard minimum then you have the chance to prove your skills at the second part of phase 1. If you fail the first part, obviously you have to go home but it's not an option, is it?:]
The second part ends about 15:30-16:00, and you will not receive the results there, you have to wait at least a day for it.
Of course, you can wait there for the phase 2 it will cost you a few thousands euro due to the fact that the phase 2 takes place a few weeks later after the phase 1.
Hope that helps and good luck!