De Spar
ActiveSummary
De Spar has been active since 1992 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €165,316 and a net result of €14,701. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 5896 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+7
Solvency78▲+5
Growth78=
Track record92
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.65 in 2023; short-term debt: 15.3% and cash: 1.3% of total assets), and 47.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-10-2025, 79 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
not confirmed
2024
79 d late
2023
90 d late
2022
85 d late
2021
92 d late
2020
306 d late
2019
667 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 220 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
History
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Financials · fiscal year 2024, micro schema
Equity
€165,316▲ 3.6%
2023 · €159,615
Total assets
€312,748▼ 6.2%
2023 · €333,442
Net result
€14,701▲ 169%
2023 · €5,455
Working capital
-€20,502▼ 10.8%
2023 · -€18,511
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€32,830▲ 71.0%€23,769▼ 27.6%€26,145▲ 10.0%€11,619▼ 55.6%€22,256▲ 91.6%
Net result€22,896within the sector's middle half▲ 175%€14,600within the sector's middle half▼ 36.2%€18,948within the sector's middle half▲ 29.8%€5,455within the sector's middle half▼ 71.2%€14,701within the sector's middle half▲ 169%
Equity€136,612above the sector's middle half▲ 12.2%€143,212above the sector's middle half▲ 4.8%€154,160above the sector's middle half▲ 7.6%€159,615above the sector's middle half▲ 3.5%€165,316above the sector's middle half▲ 3.6%
Total assets€355,385above the sector's middle half▼ 1.6%€341,892above the sector's middle half▼ 3.8%€342,401above the sector's middle half▲ 0.1%€333,442above the sector's middle half▼ 2.6%€312,748above the sector's middle half▼ 6.2%
Debt€212,522▼ 8.9%€192,429▼ 9.5%€181,990▼ 5.4%€167,576▼ 7.9%€141,181▼ 15.8%
Working capital-€40,022below the sector's middle half▲ 21.5%-€34,014below the sector's middle half▲ 15.0%-€26,982below the sector's middle half▲ 20.7%-€18,511below the sector's middle half▲ 31.4%-€20,502below the sector's middle half▼ 10.8%
Solvency38.4%within the sector's middle half▲ 4.7pp41.9%within the sector's middle half▲ 3.4pp45.0%within the sector's middle half▲ 3.1pp47.9%within the sector's middle half▲ 2.8pp52.9%within the sector's middle half▲ 5.0pp
Current ratio0.33below the sector's middle half▲ 0.230.43below the sector's middle half▲ 0.100.59below the sector's middle half▲ 0.160.65below the sector's middle half▲ 0.060.57below the sector's middle half▼ 0.08
Return on assets (ROA)6.4%within the sector's middle half▲ 4.1pp4.3%within the sector's middle half▼ 2.2pp5.5%within the sector's middle half▲ 1.3pp1.6%within the sector's middle half▼ 3.9pp4.7%within the sector's middle half▲ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 92% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €312,748
Fixed assets
€285,421 ▼ 4.6%
Current assets
€27,327 ▼ 20.1%
Equity and liabilities €312,748
Equity
€165,316 ▲ 3.6%
Provisions
€6,251 =
Debt
€141,181 ▼ 15.8%
Debt's share of the balance-sheet total falls from 50.3% to 45.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,060▲
2023 · €24,088
Cash flow
€28,505▲
2023 · €17,924
Debt to equity
0.85▼
2023 · 1.05
ROE
8.9%▲
2023 · 3.4%
Interest coverage
6.41▲
2023 · 5.70
Debt ≤ 1 year
€47,829▼
2023 · €52,728
Debt > 1 year
€93,352▼
2023 · €114,847
Income taxes
€1,925▼
2023 · €1,989
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,039 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,072 | €20,358 | €12,248 | €12,469 | €13,804 | ▲ 10.7% |
| Other operating charges640/8 | €1,119 | €6,330 | €7,546 | €4,476 | €1,269 | ▼ 71.6% |
| Gross operating margin9900 | €56,021 | €50,456 | €45,939 | €28,564 | €37,329 | ▲ 30.7% |
| Operating profit (loss)9901 | €32,830 | €23,769 | €26,145 | €11,619 | €22,256 | ▲ 91.6% |
| Financial income75/76B | - | - | €30 | €49 | - | - |
| Recurring financial income75 | - | - | €30 | €49 | - | - |
| Financial charges65/66B | €5,127 | €6,369 | €3,881 | €4,223 | €5,630 | ▲ 33.3% |
| Recurring financial charges65 | €5,127 | €6,369 | €3,881 | €4,223 | €5,630 | ▲ 33.3% |
| Profit (loss) for the period before taxes9903 | €27,703 | €17,399 | €22,295 | €7,444 | €16,626 | ▲ 123% |
| Income taxes67/77 | €4,807 | €2,800 | €3,347 | €1,989 | €1,925 | ▼ 3.2% |
| Profit (loss) for the period9904 | €22,896 | €14,600 | €18,948 | €5,455 | €14,701 | ▲ 169% |
| Profit (loss) for the period to be appropriated9905 | €22,896 | €14,600 | €18,948 | €5,455 | €14,701 | ▲ 169% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €355,385 | €341,892 | €342,401 | €333,442 | €312,748 | ▼ 6.2% |
| Fixed assets21/28 | €335,782 | €316,092 | €303,845 | €299,225 | €285,421 | ▼ 4.6% |
| Tangible fixed assets22/27 | €335,267 | €315,570 | €303,322 | €298,702 | €284,898 | ▼ 4.6% |
| Land and buildings22 | €325,929 | €313,355 | €301,811 | €290,267 | €278,723 | ▼ 4.0% |
| Plant, machinery and equipment23 | €1,448 | €1,390 | €962 | €8,161 | €6,176 | ▼ 24.3% |
| Furniture and vehicles24 | €7,889 | €825 | €550 | €275 | - | - |
| Financial fixed assets28 | €515 | €522 | €522 | €522 | €522 | = |
| Current assets29/58 | €19,603 | €25,799 | €38,556 | €34,217 | €27,327 | ▼ 20.1% |
| Amounts receivable within one year40/41 | €19,403 | €23,253 | €32,329 | €27,869 | €7,203 | ▼ 74.2% |
| Trade receivables40 | €763 | €258 | €13,814 | €15,310 | €7,167 | ▼ 53.2% |
| Other amounts receivable41 | €18,640 | €22,995 | €18,515 | €12,559 | €36 | ▼ 99.7% |
| Cash at bank and in hand54/58 | €200 | €2,546 | €6,227 | €6,348 | €3,945 | ▼ 37.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €16,179 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €355,385 | €341,892 | €342,401 | €333,442 | €312,748 | ▼ 6.2% |
| Equity10/15 | €136,612 | €143,212 | €154,160 | €159,615 | €165,316 | ▲ 3.6% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €74,183 | €74,183 | €74,183 | €74,183 | €74,183 | = |
| Non-distributable reserves130/1 | €8,747 | €8,747 | €8,747 | €8,747 | €8,747 | = |
| Reserves not available under the articles1311 | €8,747 | €8,747 | €8,747 | €8,747 | €8,747 | = |
| Tax-exempt reserves132 | €11,449 | €11,449 | €11,449 | €11,449 | €11,449 | = |
| Distributable reserves133 | €53,987 | €53,987 | €53,987 | €53,987 | €53,987 | = |
| Profit (loss) carried forward14 | €43,429 | €50,029 | €60,977 | €66,432 | €72,133 | ▲ 8.6% |
| Provisions and deferred taxes16 | €6,251 | €6,251 | €6,251 | €6,251 | €6,251 | = |
| Provisions for liabilities and charges160/5 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Other liabilities and charges164/5 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Deferred taxes168 | €251 | €251 | €251 | €251 | €251 | = |
| Amounts payable17/49 | €212,522 | €192,429 | €181,990 | €167,576 | €141,181 | ▼ 15.8% |
| Amounts payable after more than one year17 | €152,897 | €132,616 | €116,452 | €114,847 | €93,352 | ▼ 18.7% |
| Financial debts170/4 | €152,897 | €132,616 | €116,452 | €114,847 | €93,352 | ▼ 18.7% |
| Amounts payable within one year42/48 | €59,625 | €59,813 | €65,538 | €52,728 | €47,829 | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | €23,701 | €20,281 | €16,164 | €22,780 | €21,825 | ▼ 4.2% |
| Financial debts43 | €2,746 | €6,480 | €14,139 | €6,012 | €6,556 | ▲ 9.0% |
| Credit institutions430/8 | €2,746 | €6,480 | €14,139 | €6,012 | €6,556 | ▲ 9.0% |
| Trade debts44 | €15,671 | €14,323 | €14,933 | €16,375 | - | - |
| Suppliers440/4 | €15,671 | €14,323 | €14,933 | €16,375 | - | - |
| Taxes, remuneration and social security45 | €9,507 | €10,729 | €12,303 | €7,560 | €9,486 | ▲ 25.5% |
| Taxes450/3 | €9,507 | €10,729 | €12,303 | €7,560 | €9,486 | ▲ 25.5% |
| Other amounts payable47/48 | €8,000 | €8,000 | €8,000 | - | €9,962 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,896 | €14,600 | €18,948 | €5,455 | €14,701 | ▲ 169% |
| + Depreciation and write-downs630 | €22,072 | €20,358 | €12,248 | €12,469 | €13,804 | ▲ 10.7% |
| Operating cash flow (approximation) | €44,967 | €34,957 | €31,196 | €17,924 | €28,505 | ▲ 59.0% |
| Investment in fixed assets (approximation) | - | -€668 | €0 | -€7,849 | €0 | ▲ 100% |
| Change in cash | - | €2,346 | €3,681 | €121 | -€2,403 | ▼ 2,092% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
08-07
State Gazette act
Appointments: VAN KERCKHOVEN Stien (opvolgend bestuurder) and Hans Geijsbregts (statutory director)Power of attorney4 facts ▸
State Gazette act
Appointments: VAN KERCKHOVEN Stien (opvolgend bestuurder) and Hans Geijsbregts (statutory director)
Power of attorney4 facts ▸
- General meeting, 15-06-2026
- Director appointment, VAN KERCKHOVEN Stien (opvolgend (statutair) bestuurder)
- Director appointment, Hans Geijsbregts (statutory director)
- Power of attorney
2025
18-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 79 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 85 days late
2022
31-12
Financial
Equity above €150,000Eq €154,160 ▲7.6%
5 profitable years in a row build equity to €154,160.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
17-06
KBO administration
Strikeout withdrawal
event 02-06-2022
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 306 days late
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 667 days late
15-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 989 days late
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1329 days late
2021
21-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1451 days late
2020
31-12
Financial
Highest result since 2018net €22,896 ▲175%
Operating result €32,830, net result €22,896, both a record.
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 306 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Hans Geijsbregts
CurrentStatutory director · since 08-07-2026
VAN KERCKHOVEN Stien
CurrentOpvolgend (statutair) bestuurder · since 08-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brasschaat · 1 establishment unit since 1992
Ground area
971 m²
Building footprint
130 m²
Volume, LiDAR
653 m³
Parcel 11324D0090/00E002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Bredabaan 582, 2930 Brasschaat
since 19922.056.165.517
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0090/00E002 | Flanders | 971 m² | 1 · 130 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Hans Geijsbregts |
|
| VAN KERCKHOVEN Stien |
|
Articles of association
Board rule
Bestuursorgaan, Artikel 12
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 21,227 companies in sector 81300 we hold annual accounts for 4,369. 3,512 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-01-1992
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
01301Crop and animal production, hunting and related service activities
47761Retail sale of flowers, plants, seeds and fertilisers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446486050
Also
9925:BE0446486050
Registered
25-10-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.