DE SPEELVOGEL
ActiveDE SPEELVOGEL has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €376k and a net result of €-105k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-13
Solvency78▼-3
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 2.53 in 2024; short-term debt: 43.5% and cash: 33.3% of total assets), and 47.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-105k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 14-04-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
35 d early
2023
4 d early
2022
30 d early
2021
4 d early
2020
4 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€376k▼ 21.8%
2024 · €481k
2018: €454k
2019: €518k
2020: €611k
2021: €714k
2022: €620k
2023: €517k
2024: €481k
2018 → 2025
Total assets
€712k▼ 16.4%
2024 · €852k
2018: €1.03M
2019: €1.06M
2020: €1.11M
2021: €1.10M
2022: €1.02M
2023: €933k
2024: €852k
2018 → 2025
Net result
€-105k▼ 190%
2024 · €-36k
2018: €27k
2019: €64k
2020: €93k
2021: €103k
2022: €74k
2023: €13k
2024: €-36k
2018 → 2025
Working capital
€347k▼ 26.6%
2024 · €473k
2018: €350k
2019: €396k
2020: €481k
2021: €666k
2022: €600k
2023: €482k
2024: €473k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€714k-€620k▼ 13.2%€517k▼ 16.6%€481k▼ 7.0%€376k▼ 21.8%
Operating result€147k-€111k▼ 24.4%€22k▼ 80.3%€-28k€-114k▼ 311%
Net result€103k-€74k▼ 28.1%€13k▼ 82.7%€-36k€-105k▼ 190%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €114k in 2025 against €28k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €712k
Fixed assets
€55k▼ 21.3%
Current assets
€657k▼ 16.0%
Equity and liabilities €712k
Equity
€376k▼ 21.8%
Debt
€336k▼ 9.3%
The debt ratio rises from 43.6% to 47.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-97k▼
2024 · €-5k
Cash flow
€-89k▼
2024 · €-14k
Solvency
52.8%▼
2024 · 56.4%
Current ratio
2.12▼
2024 · 2.53
Quick ratio
1.20▲
2024 · 0.99
Debt / equity
0.90▲
2024 · 0.77
ROE
-27.9%▼
2024 · -7.5%
ROA
-14.7%▼
2024 · -4.3%
Interest coverage
-34.74▼
2024 · -0.28
Debt
€336k▼
2024 · €371k
Debt ≤ 1 year
€310k▲
2024 · €309k
Debt > 1 year
€19k▼
2024 · €29k
Income taxes
€159▼
2024 · €170
Staff costs
€134k▼
2024 · €135k
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€852k€712k▼
Fixed assets21/28€70k€55k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€47k€33k▼
Plant, machinery and equipment23€3k€786▼
Furniture and vehicles24€44k€32k▼
Financial fixed assets28€20k€20k=
Current assets29/58€782k€657k▼
Stocks and contracts in progress3€476k€286k▼
Stocks30/36€476k€286k▼
Amounts receivable within one year40/41€7k€17k▲
Trade receivables40€6k€14k▲
Other amounts receivable41€893€3k▲
Current investments50/53€106k€113k▲
Cash at bank and in hand54/58€190k€237k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€852k€712k▼
Equity10/15€481k€376k▼
Contributions10/11€19k€19k=
Reserves13€462k€374k▼
Tax-exempt reserves132€56k€10k▼
Distributable reserves133€406k€364k▼
Profit (loss) carried forward14€0€-17k▼
Amounts payable17/49€371k€336k▼
Amounts payable after more than one year17€29k€19k▼
Financial debts170/4€29k€19k▼
Amounts payable within one year42/48€309k€310k▲
Current portion of amounts payable after more than one year42€10k€11k▲
Trade debts44€58k€56k▼
Suppliers440/4€58k€56k▼
Taxes, remuneration and social security45€43k€33k▼
Taxes450/3€17k€21k▲
Remuneration and social security454/9€26k€12k▼
Other amounts payable47/48€198k€210k▲
Accrued charges and deferred income492/3€33k€8k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€135k€134k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€16k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€132k€38k▼
Operating profit (loss)9901€-28k€-114k▼
Financial income75/76B€10k€12k▲
Recurring financial income75€10k€12k▲
Financial charges65/66B€18k€3k▼
Recurring financial charges65€18k€3k▼
Profit (loss) for the period before taxes9903€-36k€-105k▼
Income taxes67/77€170€159▼
Profit (loss) for the period9904€-36k€-105k▼
Transfer from tax-exempt reserves789-€46k
Profit (loss) for the period to be appropriated9905€-36k€-59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-59k▼
Transfer from equity791/2€36k€42k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90873.73.0▼
The notes to these accounts (20 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
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-105k
Net result drops to €-105k, the lowest in the series.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €103k ▲10.1%
Operating result €147k, net result €103k, both a record.
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €500kEq €518k ▲14.2%
2 profitable years in a row build equity to €518k.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-04
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
3 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, Nazareth-De Pinte · 2 establishment units since 1996
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.
Rachel Duhemstraat 319810 Nazareth-De PinteGround area
1,554 m²
Building footprint
763 m²
Volume, LiDAR
4,059 m³
2 parcels, Flanders · tallest building 35.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
De Speelvogel
since 19962.078.197.779
De Speelvogel
since 20122.214.402.310
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054A0378/02P000 | Flanders | 963 m² | 1 · 632 m² | 35.8 m · 2 fl. |
| 44048B0226/00D000 | Flanders | 591 m² | 1 · 131 m² | 5.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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STAES SPORT
BE 0451.432.555
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HUIS DEGRYSE
BE 0439.151.860
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MP Trade
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Brakel · Eq €381k
Of 2,102 companies in sector 47640 we hold annual accounts for 906. 640 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-04-1996
Fiscal year end30-09
Activities, NACEBEL
47640Retail sale of games and toys
47650Retail trade
46150Agents in the wholesale of furniture, household goods and hardware
46497Wholesale trade
47120Other non-specialised retail sale
47910Retail trade
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.