De Spil
ActiveDe Spil has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €713k and a net result of €-172k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 531 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-4
Solvency59▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 3.53 against 4.38 in 2024; short-term debt: 25.2% and cash: 75.7% of total assets), but 66.1% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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
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 €-172k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
34 d early
2023
54 d early
2022
56 d early
2021
26 d late
2020
27 d late
2019
68 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€713k▼ 19.4%
2024 · €885k
2018: €159k
2019: €124k
2020: €751k
2021: €978k
2022: €1.24M
2023: €978k
2024: €885k
2018 → 2025
Total assets
€2.10M▲ 1.9%
2024 · €2.06M
2018: €757k
2019: €873k
2020: €1.16M
2021: €1.66M
2022: €2.09M
2023: €1.97M
2024: €2.06M
2018 → 2025
Net result
€-172k▼ 85.1%
2024 · €-93k
2018: €-75k
2019: €-35k
2020: €627k
2021: €227k
2022: €267k
2023: €-267k
2024: €-93k
2018 → 2025
Working capital
€1.34M▼ 6.0%
2024 · €1.43M
2018: €301k
2019: €382k
2020: €685k
2021: €1.08M
2022: €1.43M
2023: €1.30M
2024: €1.43M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€978k-€1.24M▲ 27.3%€978k▼ 21.4%€885k▼ 9.5%€713k▼ 19.4%
Operating result€-54k-€-84k▼ 55.0%€-263k▼ 215%€-99k▲ 62.5%€-167k▼ 69.4%
Net result€227k-€267k▲ 17.7%€-267k€-93k▲ 65.2%€-172k▼ 85.1%
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 €167k in 2025 against €99k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.10M
Fixed assets
€231k▲ 8.4%
Current assets
€1.87M▲ 1.2%
Equity and liabilities €2.10M
Equity
€713k▼ 19.4%
Debt
€1.39M▲ 17.9%
The debt ratio rises from 57.1% to 66.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-59k▼
2024 · €-5k
Cash flow
€-64k▼
2024 · €1k
Solvency
33.9%▼
2024 · 42.9%
Current ratio
3.53▼
2024 · 4.38
Quick ratio
3.53▼
2024 · 4.38
Debt / equity
1.95▲
2024 · 1.33
ROE
-24.1%▼
2024 · -10.5%
ROA
-8.2%▼
2024 · -4.5%
Interest coverage
-17.37▼
2024 · -5.14
Debt
€1.39M▲
2024 · €1.18M
Debt ≤ 1 year
€531k▲
2024 · €423k
Income taxes
€6k▼
2024 · €11k
Staff costs
€2.82M▲
2024 · €2.72M
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€2.06M€2.10M▲
Fixed assets21/28€213k€231k▲
Tangible fixed assets22/27€213k€230k▲
Plant, machinery and equipment23€69k€53k▼
Furniture and vehicles24€64k€106k▲
Other tangible fixed assets26€80k€71k▼
Financial fixed assets28€434€434=
Current assets29/58€1.85M€1.87M▲
Amounts receivable within one year40/41€107k€199k▲
Trade receivables40€26k€58k▲
Other amounts receivable41€80k€141k▲
Current investments50/53€600k€0▼
Cash at bank and in hand54/58€1.05M€1.59M▲
Deferred charges and accrued income490/1€90k€80k▼
Equity and liabilities
Total equity and liabilities10/49€2.06M€2.10M▲
Equity10/15€885k€713k▼
Reserves13€460k€285k▼
Profit (loss) carried forward14€425k€428k▲
Amounts payable17/49€1.18M€1.39M▲
Amounts payable within one year42/48€423k€531k▲
Trade debts44€131k€223k▲
Suppliers440/4€131k€223k▲
Taxes, remuneration and social security45€291k€296k▲
Taxes450/3€8k€8k▼
Remuneration and social security454/9€283k€288k▲
Accrued charges and deferred income492/3€755k€859k▲
Income statement
Code20242025
Non-recurring operating income76A€224k€210k▼
Remuneration, social security and pensions62€2.72M€2.82M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€94k€108k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€6k
Other operating charges640/8€4k€7k▲
Gross operating margin9900€2.72M€2.78M▲
Operating profit (loss)9901€-99k€-167k▼
Financial income75/76B€17k€5k▼
Recurring financial income75€17k€5k▼
Financial charges65/66B€907€3k▲
Recurring financial charges65€907€3k▲
Profit (loss) for the period before taxes9903€-82k€-166k▼
Income taxes67/77€11k€6k▼
Profit (loss) for the period9904€-93k€-172k▼
Profit (loss) for the period to be appropriated9905€-93k€-172k▼
Appropriation of the result
Profit (loss) to be appropriated9906€335k€253k▼
Profit (loss) brought forward from the previous period14P€428k€425k▼
From contributions791€90k€175k▲
Social balance
Average headcount (FTE)908729.530.5▲
The notes to these accounts (12 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-267k ▼200%
Net result drops to €-267k, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.24M ▲27.3%
3 profitable years in a row build equity to €1.24M.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Back to profitnet €627k
Net result €627k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €751k ▲504%
Equity rises from €124k to €751k.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
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
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
26-06-2025
Boucquey Raoul: Resigned as Director
26-06-2025
De Decker Liselot: Resigned as Director
26-06-2025
De Meulenaert Bart: Resigned as Director
26-06-2025
Devoldere Wilfried: Resigned as Director
26-06-2025
Dewitte Steven: Resigned as Director
26-06-2025
Himpe Mieke: Resigned as Director
26-06-2025
Patteeuw Peter: Resigned as Director
26-06-2025
Vandenabeele Jeaninne: Resigned as Director
07-12-2023
Rommel Siska: Resigned as Director
07-12-2023
Van Coillie Stefaan: Resigned as Director
07-12-2023
Vanbrussel Mieke: Resigned as Director
03-03-2022
Van Coillie Stefaan: Resigned as Director
03-03-2022
Dirk Lievens: Resigned as Managing director
03-03-2022
KINDT HENK: Resigned as Managing director
26-09-2019
Dirk Lievens: Resigned as Director
26-09-2019
Boudrez Mark: Resigned as Managing director
26-09-2019
Colman Roger: Resigned as Managing director
26-09-2019
De Reuse Immanuel: Resigned as Director
26-09-2019
Declercq Frederik: Resigned as Director
26-09-2019
Declercq Kris: Resigned as Managing director
26-09-2019
Depoortere Erik: Resigned as Director
26-09-2019
Kindt Ludo: Resigned as Director
26-09-2019
Muylle Nathalie: Resigned as Director
26-09-2019
Nuytten Frederik: Resigned as Director
+ 31 not shown in this overview
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2006
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.
Hippoliet Spilleboutdreef 18800 RoeselareGround area
1.4 ha
Building footprint
2,836 m²
Volume, LiDAR
37,571 m³
Parcel 36502B0498/00R000, Flanders · tallest building 23.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
De Spil
since 20062.154.891.424
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0498/00R000 | Flanders | 1.4 ha | 1 · 2,836 m² | 23.5 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 15 entries · 1,343,552 EUR awarded · 1,267,530 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 201,932 EUR | 202,172 EUR |
| 2024 | 5 | 710,864 EUR | 641,069 EUR |
| 2023 | 4 | 205,162 EUR | 376,686 EUR |
| 2022 | 4 | 225,594 EUR | 47,603 EUR |
Schemes
Cultuur: Tewerkstellingssubsidie voor een organisatie in het culturele veld volgens de Vlaamse Intersectorale Akkoorden (VIA) (Decreet Vlaamse Intersectorale Akkoorden 2004)
Cultuurwerk: Projectsubsidie voor een bovenlokaal cultuurproject (Decreet Bovenlokale Cultuurwerking 2018)
Circuskunsten: Projectsubsidie voor de organisatie van een circusfestival (Circusdecreet 2019)
Vlaams Beschermingsmechanisme 11 (stopgezet)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Show 2 more
Projectsubsidie voor een initiatief in de audiovisuele of gamesector (Decreet Vlaams Audiovisueel Fonds 1999)
Tussenkomsten in de kosten voor een initiatief met buitenlandse actoren
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.154.891.424
Dual-learning approval
2 endedSimilar companies · same sector, comparable size
De Casino
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EDMOND
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Koekelberg · Eq €810k
J & P INTERNATIONAL
BE 0429.112.261
Bierbeek · Eq €593k
KAAP
BE 0432.510.033
Brugge · Eq €913k
Bronks theater
BE 0448.497.118
Brussel · Eq €548k
Of 369 companies in sector 90311 we hold annual accounts for 155. 91 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded11-01-1994
Fiscal year end31-12
Activities, NACEBEL
90311Arts creation and performing arts activities
90312Arts creation and performing arts activities
92322
68203Renting and operating of own or leased non-residential real estate, excluding land
73110Advertising agencies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.