NEW SPIGA D'ORO

Active

Private limited companyfounded 2013active for 13 yearsChaussée de Tongres 496, 4000 Liège, BelgiumKBO/BCE: BE 0524.678.938

Summary

The computed 12-month bankruptcy probability of NEW SPIGA D'ORO is 2.6% (moderate). The 2025 annual accounts show negative equity (-€71,666) and a net result of -€14,092. Equity is growing by about 5.1% per year across the filed financial years. Its solvency ranks better than 5% of 16,816 sector peers (NACE 56, financial year 2025). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

NEW SPIGA D'OROActiveChecked score 50/100

Risk analysis Report Compare

Activity

Limited-service restaurants, excluding mobile food services

NACE 56112

1 site

Size

€20,032total assets 2025

Staff: 3.6 FTE
Equity: -€71,666
Loss: -€14,092

Financial health

50 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.6%

Structure

EL AKHSSASSI HoussaineDirector
EL AKHSSASSI MohammedDirector

2025 accounts filed 58 days late3 of 6 deeds summarised

Why 50raises riskLast filed accounts filed 58 days late; 2 of the last 3 lateSector: Food and beverage service activities (NACE 56)Loss of €14,092 (financial year 2025)lowers riskSize: total assets €20,032Show the evidence

Checked score

Score 2025

50 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 22% of its sector peers (NACE 56, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0=

equity -357.8% of total assets

Liquidity 50=

short-term debt 457.8% · cash 63.5%

Profitability 0-53

return on assets -70.3%

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,755 companies, NACE 56, micro)

Last 24 months 11-2024: 3.6% 12-2024: 4.9%▲ +1.3 percentage points vs 11-2024 01-2025: 5.4%▲ +0.5 percentage points vs 12-2024 02-2025: 5.4%● unchanged vs 01-2025 03-2025: 5.5%▲ +0.1 percentage points vs 02-2025 04-2025: 4.9%▼ -0.6 percentage points vs 03-2025 05-2025: 4.9%● unchanged vs 04-2025 06-2025: 4.9%● unchanged vs 05-2025 07-2025: 4.9%● unchanged vs 06-2025 08-2025: 6.7%▲ +1.8 percentage points vs 07-2025highest value 09-2025: 1.2%▼ -5.5 percentage points vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.1%▼ -0.1 percentage points vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026lowest value 07-2026: 1.1%● unchanged vs 06-2026 08-2026: 1.4%▲ +0.3 percentage points vs 07-2026 09-2026: 1.6%▲ +0.2 percentage points vs 08-2026 10-2026: 2.6%▲ +1.0 percentage point vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.19, compared with 0.28 in 2024, below 1; short-term debt: 457.8% and cash: 63.5% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 56, micro): better than 9% on solvency, 49% on liquidity, 8% on profitability and 23% on growth.

The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Size: total assets €20,032

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Last filed accounts filed 58 days late; 2 of the last 3 late

NBB · filings

Sector: Food and beverage service activities (NACE 56)

KBO

Loss of €14,092 (financial year 2025)

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

18192021222425

2018 to 2025 · latest year -€71,666

2025 accounts filed 58 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-09-2026, 58 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

58 days late

2024

29 days late

2022

51 days late

2021

72 days late

2020

31 days late

2019

88 days late

2018

58 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 55 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 September (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

27-09-2026 Annual accounts filedfinancial year 2025 · micro…
29-08-2025 Annual accounts filedfinancial year 2024 · micro…
21-10-2024 Resignation: EL AKHSSASSI Mohamed (manager)Correction

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€71,666 View
Caution: Among the weakest 5% on solvencysector median 29.7% · 16,816 companies -357.8% View
Board2 directors in office 2 View

By topic

Financials

Financial year: 2025
Total assets: €20,032
Loss: -€14,092
Solvency: -357.8%

Go to Financials

Board & ownership

Board: 2 members

EL AKHSSASSI HoussaineDirector
EL AKHSSASSI MohammedDirector

Go to Board & ownership

Timeline

Events: 17
Since: 2014
Next accounts: by 31-07-2027

08-08-2024Resignation: EL AKHSSASSI Mohamed (manager)
30-01-2024Reappointments: EL AKHSSASSI Mohammed (director) and EL…
20-09-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Limited-service restaurants, excluding mobile food servicesNACE 56112
Founded: 20-03-2013
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 29

Purpose: “L’organisation de banquets et réceptions,le service traiteur,la location de salles et de…” (deed in French)

Go to Articles of association

Key facts about NEW SPIGA D'ORO

What is the company number of NEW SPIGA D'ORO?: 0524.678.938. In Belgium the VAT number is the company number with BE in front: BE 0524.678.938.
Where is NEW SPIGA D'ORO based?: The registered office is at Chaussée de Tongres 496, 4000 Liège.Company details
What does NEW SPIGA D'ORO do?: According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of NEW SPIGA D'ORO?: Private limited company (BV).
When was NEW SPIGA D'ORO founded?: On 20-03-2013.
Is NEW SPIGA D'ORO still active?: Yes, NEW SPIGA D'ORO is an active enterprise in the KBO register.
How many employees does NEW SPIGA D'ORO have?: On average 3.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of NEW SPIGA D'ORO?: €332,067 in financial year 2022, according to the filed annual accounts.
Is NEW SPIGA D'ORO profitable?: In financial year 2025, NEW SPIGA D'ORO made a loss of €14,092.
Where can I find the annual accounts of NEW SPIGA D'ORO?: NEW SPIGA D'ORO filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NEW SPIGA D'ORO due?: By 31-07-2027, for financial year 2026.Timeline

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Overview