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Het Spoor

Active
Public limited companyfounded 1991active for 35 yearsHeilig Hartstraat 72, 2300 Turnhout, BelgiumKBO/BCE: BE 0444.959.289
Summary

The computed 12-month bankruptcy probability of Het Spoor is 1.7% (moderate). The 2025 annual accounts show negative equity (-€373,664) and a net result of -€49,596. Equity has been shrinking by about 7.5% per year since 2019. The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 30-08-1991 Normal situation
Activity
“A) Onderneming in onroerende goederen, welke ondermeer omvat:” (deed in Dutch)From the articles, 10 activitiesNo NACE code in the KBO yet
Financial year end
31 December
Peppol
Reachable since 07-10-2025

Board and ownership

Board

Financial position

52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Annual accounts 2025
Gross margin
-€18,899
Loss
€49,596
Equity
-€373,664
Total assets
€135,692
  • Negative equity on 31-12-2025
Turnover not published (abbreviated or micro format)
Score breakdownraises riskLoss of €49,596, the second in a row (financial year 2025)Negative equity -€373,664No registered site in the KBOlowers riskSize: total assets €135,692Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 5% of micro companies without a NACE code
Financial strength · tick: 2024
Weak
Solvency 0=
equity -275.4% of total assets
Liquidity 1+1
short-term debt 315.2% · cash 1.0%
Profitability 0-12
return on assets -36.6%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.0% 01-2025: 1.0%● unchanged vs 12-2024lowest value 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.1%▲ +0.1 percentage points vs 02-2025 04-2025: 1.4%▲ +0.3 percentage points vs 03-2025 05-2025: 1.4%● unchanged vs 04-2025 06-2025: 1.4%● unchanged vs 05-2025 07-2025: 1.4%● unchanged vs 06-2025 08-2025: 1.4%● unchanged vs 07-2025 09-2025: 1.4%● unchanged vs 08-2025 10-2025: 1.4%● unchanged vs 09-2025 11-2025: 1.4%● unchanged vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.4%● unchanged vs 12-2025 02-2026: 1.4%● unchanged vs 01-2026 03-2026: 1.7%▲ +0.3 percentage points vs 02-2026 04-2026: 1.7%● unchanged vs 03-2026highest value 05-2026: 1.7%● unchanged vs 04-2026highest value 06-2026: 1.7%● unchanged vs 05-2026highest value 07-2026: 1.7%● unchanged vs 06-2026highest value 08-2026: 1.7%● unchanged vs 07-2026highest value 09-2026: 1.7%● unchanged vs 08-2026highest value 10-2026: 1.7%● unchanged vs 09-2026highest value 11-2026: 1.7%● unchanged vs 10-2026highest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.0 (0.0 in 2024), below 1. Short-term debt is 315.2% and cash 1% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 5% of them on solvency, 5% on liquidity and 4% on profitability.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €135,692
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €49,596, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€373,664
NBB · annual accounts
raises risk · No registered site in the KBO
KBO · seat and establishments
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€373,664
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 18-03-2026, 135 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
135 days early
2024
34 days early
2023
1 day early
2022
on the day
2021
2 days early
2020
4 days early
2019
61 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 16 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€373,664 View
  • Risk: 7 loss-making years in a rowloss in financial year 2025 -€49,596 View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

Recent changes

  1. · Gazette deed Resignations: CEUSTERS, Daniel (director) and VANDERLINDEN, Nadine (director)Appointment: CEUSTERS, Daniel (director)
  2. · Gazette deed Incorporation
All 13 events

Key facts about Het Spoor

What is the company number of Het Spoor?
The company number of Het Spoor is 0444.959.289. The VAT number is the same number with BE in front: BE 0444.959.289.
Where is Het Spoor based?
The registered office is at Heilig Hartstraat 72, 2300 Turnhout.Company details
What is the legal form of Het Spoor?
The legal form of Het Spoor is Public limited company (NV).
When was Het Spoor founded?
Het Spoor was founded on 30-08-1991.
Is Het Spoor still active?
Yes, Het Spoor is an active enterprise in the KBO register.
What is the turnover of Het Spoor?
The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
Is Het Spoor profitable?
In financial year 2025, Het Spoor made a loss of €49,596.
Where can I find the annual accounts of Het Spoor?
Het Spoor filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.

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