Dr. Guido Spanoghe
ActiveSummary
Dr. Guido Spanoghe has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €408,267 and a net result of €183,654. Equity is growing by ~59.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 5.09 against 3.09 in 2024; short-term debt: 19.6% and cash: 60.2% of total assets), and 20.1% 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
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
79.9%
Return on assets
36%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-10-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
14 d early
2023
7 d early
2022
4 d early
2021
2 d early
2020
16 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 24 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€408,267▲ 81.8%
2024 · €224,612
Total assets
€510,793▲ 52.7%
2024 · €334,431
Net result
€183,654▲ 66.4%
2024 · €110,346
Working capital
€409,863▲ 82.1%
2024 · €225,046
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€10,420▲ 88.7%€95,714€115,426▲ 20.6%€160,911▲ 39.4%€267,785▲ 66.4%
Net result-€10,897▲ 88.3%€95,394€82,006▼ 14.0%€110,346▲ 34.6%€183,654▲ 66.4%
Equity-€5,596€89,798€148,395▲ 65.3%€224,612▲ 51.4%€408,267▲ 81.8%
Total assets€44,089▼ 1.9%€108,911▲ 147%€208,181▲ 91.1%€334,431▲ 60.6%€510,793▲ 52.7%
Debt€49,685▲ 25.3%€19,113▼ 61.5%€59,787▲ 213%€109,819▲ 83.7%€102,526▼ 6.6%
Working capital-€8,939€86,863€146,269▲ 68.4%€225,046▲ 53.9%€409,863▲ 82.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 66% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €510,793
Fixed assets
€831 ▼ 54.6%
Current assets
€509,962 ▲ 53.3%
Equity and liabilities €510,793
Equity
€408,267 ▲ 81.8%
Debt
€102,526 ▼ 6.6%
Debt's share of the balance-sheet total falls from 32.8% to 20.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€268,785▲
2024 · €161,911
Cash flow
€184,654▲
2024 · €111,346
Current ratio
5.09▲
2024 · 3.09
Debt to equity
0.25▼
2024 · 0.49
ROE
45.0%▼
2024 · 49.1%
ROA
36.0%▲
2024 · 33.0%
Interest coverage
71.73▲
2024 · 43.87
Debt ≤ 1 year
€100,099▼
2024 · €107,554
Income taxes
€84,824▲
2024 · €47,298
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 20,134 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,089 | €756 | €835 | €1,000 | €1,000 | = |
| Other operating charges640/8 | - | €720 | €319 | €263 | €281 | ▲ 6.7% |
| Gross operating margin9900 | -€6,331 | €97,190 | €116,581 | €162,174 | €269,066 | ▲ 65.9% |
| Operating profit (loss)9901 | -€10,420 | €95,714 | €115,426 | €160,911 | €267,785 | ▲ 66.4% |
| Financial income75/76B | - | €141 | €109 | €424 | €4,441 | ▲ 947% |
| Recurring financial income75 | €198 | €141 | €109 | €424 | €4,441 | ▲ 947% |
| Financial charges65/66B | - | €136 | €847 | €3,690 | €3,747 | ▲ 1.5% |
| Recurring financial charges65 | €383 | €136 | €847 | €3,690 | €3,747 | ▲ 1.5% |
| Profit (loss) for the period before taxes9903 | -€10,604 | €95,719 | €114,688 | €157,644 | €268,478 | ▲ 70.3% |
| Income taxes67/77 | €292 | €325 | €32,682 | €47,298 | €84,824 | ▲ 79.3% |
| Profit (loss) for the period9904 | -€10,897 | €95,394 | €82,006 | €110,346 | €183,654 | ▲ 66.4% |
| Profit (loss) for the period to be appropriated9905 | -€10,897 | €95,394 | €82,006 | €110,346 | €183,654 | ▲ 66.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,089 | €108,911 | €208,181 | €334,431 | €510,793 | ▲ 52.7% |
| Fixed assets21/28 | €3,690 | €2,934 | €2,832 | €1,832 | €831 | ▼ 54.6% |
| Tangible fixed assets22/27 | €3,690 | €2,934 | €2,832 | €1,832 | €831 | ▼ 54.6% |
| Plant, machinery and equipment23 | - | - | €653 | €409 | €165 | ▼ 59.7% |
| Furniture and vehicles24 | - | €2,934 | €2,178 | €1,423 | €667 | ▼ 53.1% |
| Current assets29/58 | €40,399 | €105,977 | €205,350 | €332,600 | €509,962 | ▲ 53.3% |
| Current investments50/53 | €21,702 | €22,836 | €23,438 | €198,127 | €202,013 | ▲ 2.0% |
| Cash at bank and in hand54/58 | €18,247 | €82,691 | €181,441 | €133,983 | €307,307 | ▲ 129% |
| Deferred charges and accrued income490/1 | - | €450 | €471 | €490 | €641 | ▲ 30.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,089 | €108,911 | €208,181 | €334,431 | €510,793 | ▲ 52.7% |
| Equity10/15 | -€5,596 | €89,798 | €148,395 | €224,612 | €408,267 | ▲ 81.8% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €86,161 | €86,161 | €135,995 | €212,212 | €395,867 | ▲ 86.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €84,301 | €134,135 | €212,212 | €395,867 | ▲ 86.5% |
| Profit (loss) carried forward14 | -€104,157 | -€8,764 | - | - | - | - |
| Amounts payable17/49 | €49,685 | €19,113 | €59,787 | €109,819 | €102,526 | ▼ 6.6% |
| Amounts payable within one year42/48 | €49,337 | €19,113 | €59,081 | €107,554 | €100,099 | ▼ 6.9% |
| Trade debts44 | €1,350 | €2,723 | €1,450 | €1,574 | €1,603 | ▲ 1.9% |
| Suppliers440/4 | - | €2,723 | €1,450 | €1,574 | €1,603 | ▲ 1.9% |
| Taxes, remuneration and social security45 | - | €3,125 | €36,582 | €58,880 | €62,883 | ▲ 6.8% |
| Taxes450/3 | - | €325 | €33,382 | €55,680 | €59,683 | ▲ 7.2% |
| Remuneration and social security454/9 | - | €2,800 | €3,200 | €3,200 | €3,200 | = |
| Other amounts payable47/48 | - | €13,265 | €21,049 | €47,100 | €35,613 | ▼ 24.4% |
| Accrued charges and deferred income492/3 | - | - | €706 | €2,265 | €2,428 | ▲ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,897 | €95,394 | €82,006 | €110,346 | €183,654 | ▲ 66.4% |
| + Depreciation and write-downs630 | €4,089 | €756 | €835 | €1,000 | €1,000 | = |
| Operating cash flow (approximation) | -€6,808 | €96,149 | €82,841 | €111,346 | €184,654 | ▲ 65.8% |
| Investment in fixed assets (approximation) | - | €0 | -€733 | €0 | €0 | - |
| Change in cash | - | €64,444 | €98,750 | -€47,458 | €173,324 | ▲ 465% |
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
Next filing, fiscal year 2026, expected by
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €183,654 ▲66.4%
Operating result €267,785, net result €183,654, both a record.
2024
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €200,000Eq €224,612 ▲51.4%
3 profitable years in a row build equity to €224,612.
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €100,000Eq €148,395 ▲65.3%
2 profitable years in a row build equity to €148,395.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €95,394
Net result €95,394 after 2 loss-making years.
31-03
Financial
Liquidity times 7current ratio 5.54
Current ratio from 0.82 to 5.54; short-term debt falls from €49,337 to €19,113.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
31-03
Financial
Weakest financial yearnet -€93,261
Net result drops to -€93,261, the lowest in the series; recovery starts the following year.
Show earlier events
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
03-10
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Lokeren · 1 establishment unit since 2005
Ground area
3.0 ha
Building footprint
1.2 ha
Volume, LiDAR
138,374 m³
2 parcels, Flanders · tallest building 28.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Dr. Guido Spanoghe
since 20052.267.796.652
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1294/00E002 | Flanders | 2.8 ha | 1 · 1.1 ha | 28.6 m · 4 fl. |
| 46014A0799/00K002 | Flanders | 1,261 m² | 1 · 122 m² | 5.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPrivate limited company
Founded06-09-2005
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875880997
Also
9925:BE0875880997
Registered
15-09-2025
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.