Constructie Spiessens
ActiveConstructie Spiessens has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.40M and a net result of €290k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▲+17
Solvency49▲+8
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.07 in 2024), and 71% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29%
Return on assets
2.5%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
12 d late
2023
49 d early
2022
42 d late
2021
2 d early
2020
45 d early
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€290k▲ 78.2%
2024 · €163k
2018: €48k
2019: €55k
2020: €58k
2021: €96k
2022: €204k
2023: €171k
2024: €163k
2018 → 2025
Working capital
€728k▲ 109%
2024 · €348k
2018: €-14k
2019: €704k
2020: €1.15M
2021: €1.68M
2022: €1.86M
2023: €209k
2024: €348k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.58M-€2.78M▲ 7.8%€2.95M▲ 6.2%€3.11M▲ 5.5%€3.40M▲ 9.3%
Operating result€228k-€378k▲ 65.5%€359k▼ 4.9%€445k▲ 23.8%€578k▲ 30.0%
Net result€96k-€204k▲ 113%€171k▼ 15.9%€163k▼ 5.0%€290k▲ 78.2%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.74M
Fixed assets
€7.14M▲ 4.1%
Current assets
€4.60M▼ 11.8%
Equity and liabilities €11.74M
Equity
€3.40M▲ 9.3%
Debt
€8.34M▼ 7.0%
The debt ratio falls from 74.2% to 71.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.13M▲
2024 · €955k
Cash flow
€846k▲
2024 · €672k
Solvency
29.0%▲
2024 · 25.8%
Current ratio
1.19▲
2024 · 1.07
Quick ratio
0.78▼
2024 · 0.94
Debt / equity
2.45▼
2024 · 2.88
ROE
8.5%▲
2024 · 5.2%
ROA
2.5%▲
2024 · 1.3%
Interest coverage
4.94▲
2024 · 4.36
Debt
€8.34M▼
2024 · €8.96M
Debt ≤ 1 year
€3.87M▼
2024 · €4.87M
Debt > 1 year
€4.47M▲
2024 · €4.10M
Income taxes
€64k▼
2024 · €71k
Staff costs
€44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€12.08M€11.74M▼
Fixed assets21/28€6.86M€7.14M▲
Tangible fixed assets22/27€6.86M€7.14M▲
Land and buildings22€5.29M€5.76M▲
Plant, machinery and equipment23€297k€358k▲
Furniture and vehicles24€27k€21k▼
Leasing and similar rights25€1.25M€996k▼
Financial fixed assets28€2k€2k=
Current assets29/58€5.21M€4.60M▼
Amounts receivable after more than one year29€70k€36k▼
Other amounts receivable291€70k€36k▼
Stocks and contracts in progress3€622k€1.57M▲
Stocks30/36€622k€1.57M▲
Amounts receivable within one year40/41€4.44M€2.96M▼
Trade receivables40€4.41M€2.93M▼
Other amounts receivable41€33k€34k▲
Cash at bank and in hand54/58€20k€20k▼
Deferred charges and accrued income490/1€65k€5k▼
Equity and liabilities
Total equity and liabilities10/49€12.08M€11.74M▼
Equity10/15€3.11M€3.40M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.05M€3.34M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132-€63k
Distributable reserves133€3.04M€3.27M▲
Amounts payable17/49€8.96M€8.34M▼
Amounts payable after more than one year17€4.10M€4.47M▲
Financial debts170/4€4.09M€4.46M▲
Other amounts payable178/9€9k€9k=
Amounts payable within one year42/48€4.87M€3.87M▼
Current portion of amounts payable after more than one year42€822k€830k▲
Financial debts43€155k€152k▼
Credit institutions430/8€155k€152k▼
Trade debts44€3.22M€2.43M▼
Suppliers440/4€3.22M€2.43M▼
Taxes, remuneration and social security45€313k€68k▼
Taxes450/3€313k€46k▼
Remuneration and social security454/9-€22k
Other amounts payable47/48€358k€390k▲
Accrued charges and deferred income492/3€384-
Income statement
Code20242025
Non-recurring operating income76A€91k-
Remuneration, social security and pensions62-€44k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€510k€556k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k-
Other operating charges640/8€61k€66k▲
Gross operating margin9900€1.02M€1.24M▲
Operating profit (loss)9901€445k€578k▲
Financial income75/76B€7k€5k▼
Recurring financial income75€7k€5k▼
Financial charges65/66B€219k€230k▲
Recurring financial charges65€219k€230k▲
Profit (loss) for the period before taxes9903€234k€353k▲
Income taxes67/77€71k€64k▼
Profit (loss) for the period9904€163k€290k▲
Transfer to tax-exempt reserves689-€63k
Profit (loss) for the period to be appropriated9905€163k€227k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.41M€227k▼
Profit (loss) brought forward from the previous period14P€2.24M-
Transfer to equity691/2€2.41M€227k▼
To other reserves6921€2.41M€227k▼
Social balance
Average headcount (FTE)9087-0.3
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €290k ▲78.2%
Operating result €578k, net result €290k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 42 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 1974
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tenhovestraat 6A8700 TieltGround area
1.8 ha
Building footprint
6,165 m²
Volume, LiDAR
48,443 m³
Parcel 37303H0084/00K000, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CONSTRUCTIE SPIESSENS NV
since 19742.008.895.635
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303H0084/00K000 | Flanders | 1.8 ha | 1 · 6,164 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 263 companies in sector 28300 we hold annual accounts for 197. 127 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-07-1973
Fiscal year end31-12
Activities, NACEBEL
28300Manufacture of machinery and equipment not elsewhere classified
28990Manufacture of machinery and equipment not elsewhere classified
29321
25999Manufacture of fabricated metal products, except machinery and equipment
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.